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Just to keep track here:
Ironhorse: Last trade .023 down .001. bid is still .022 with 274,727 traded. The stock is a loser just like the companies leaders are IMO. Nothing plus nothing equals nothing. Failure after failure after failure equals failure. Thats the way it goes, First your money then your clothes.
SBC: You (Ironhorse) are exactly right about that. This stock is only good for playing the pops which are getting fewer and farther between, and which are becoming less and less pronounced - so profitable trading is requiring much effort and skill, and proper investing is saying to stay away until a few years down the road when AND IF (A HUGE IF) they ever figure out what they are doing.
Lucyinthesky: Your not still in here SBC? You and ironhorse on the same wavelength WOW.
Lucy: Just need SL to come along and have a bash or two with you two. lol
Lucy: China Direct Receives $575,000 Loan From Senior Management
Monday June 4, 7:20 am ET
That's the kind of confidence Management has in CHDT.
SBC: Yes, managment makes nice money off the company regardless of whether the share price appreciates or not. That is great confidence for the bennefits of their bank accounts.
SBC: Just need SV to come along and have a pump or two with you. lol
I agree - nothing surprising. Many Chinese companies do the NT every quarter.
FOrtune: THanks for the note on CMDA. I don't see their filing of yesterday as being anything other than business-as-usual this year. I'm disappointed that they have had so many delays, as I really thought that CMDA was a winner. Still think it will multiply greatly, when they get their act together.
I'm going to try to listed to webcast tonight.
ATT - the company has a market cap of $6-8M. No revenue and not much assets.
Should interesting to hear the CEOcast.com interview in the next few days.
Bigger problems today for CMDA with the fling of the NT-10Q. Not good.
FC
Fortune COokie - what do you make of the price action of CMDA? I just can't believe it's that cheap, unless there were really problems with some of the contracts at the airport.
15 min chart:
Thanks for the info.
I know that, we know that - this board has had some past discussion on that board. Some of us like to come here to post some thoughts that don't necessarily run with the continual overly positive posts on the other board. However, that board has come down to earth a touch as of late, and they are beginning to be a bit more realistic about the struggles this company has got to get over. Finally nice to see some realistic discussions rather than the incessant pumping that board perpetuated a few months ago.
China Direct Trading has a new active board at:
http://www.investorshub.com/boards/board.asp?board_id=4344
CHDT - different indicators - from Simplegreen, an excellent chartist
CHDT again:
not anymore.
lol.
Oh woe is me!! It's so lonely here all alone. LMAO. I see that CHDT is about to get the dreaded "E" attached to the symbol. It's following right in the footsteps of CBQ Inc. This can't be good at all.
Here is another good article to read. These clowns were selling products to the US Government. I hope Howie is on the up & up. He supposedly sold shares into his own PR pump and I do believe that the SEC frowns on that kind of behavior. More than once I have seen the SEC halt trading in an issue while it did an investigation on it.
http://www.sec.gov/litigation/suspensions.shtml
Former executives of US body armor firm arrested
Thu Aug 17, 12:55 PM ET
U.S. authorities arrested two former top executives of a major body armor supplier to the U.S. military and law enforcement agencies on Thursday and charged them with criminal securities fraud and insider trading.
Federal prosecutors alleged former Chief Financial Officer Dawn Schlegel and former Chief Operating Officer Sandra Hatfield manipulated DHB Industries Inc.'s books "to reap millions of dollars of profits through insider trading."
The lawsuit was a fresh blow to DHB. The U.S. military last year recalled thousands of protective vests sold by DHB's Point Blank Body Armor Inc. unit on quality concerns.
The company was recently delisted from the American Stock Exchange. Last month it placed Chief Executive David Brooks on indefinite leave pending the outcome of investigations.
Shares in Pompano Beach, Florida,-based DHB were down 2.6 percent at $3.00 each at midday in Pink Sheets trading.
Prosecutors on Thursday accused Schlegel and Hatfield of inflating DHB's earnings and profit margins between 2003 and 2005 to meet Wall Street expectations.
The two former executives also sold thousands of DHB shares "based on inside information, netting a profit of over $8 million," prosecutors charged.
U.S. Attorney for the Eastern District of New York Roslynn Mauskopf said, "As a result of the fraud scheme, the investing public lost millions of dollars while the defendants lined their own pockets with a fortune in ill-gotten gains."
Attorneys for the two former DHB executives could not immediately be reached for comment.
The charges in the criminal indictment carry maximum sentences of up to 25 years in prison and a $250,000 fine. Prosecutors said they are also seeking forfeiture of $8 million in assets belonging to the defendants.
The Securities and Exchange Commission said it also charged the two former executives with civil securities fraud.
The SEC said Schlegel and Hatfield "routinely overstated the value of the company's inventory and directed the booking of numerous fraudulent journal entries in order to reduce the company's cost of goods sold."
"By manipulating DHB's gross profit margin, Schlegel and Hatfield knew that investors would be given a false portrait of DHB's operating results," said SEC Enforcement Division Director Linda Thomsen in a statement.
The SEC said its investigation is continuing.
Those are very good questions SBC. Maybe Kobi and Dan Fisher, The former CEO of the MIDL scam who absconded with the assets of the shell, And went to the Bahamas where there are no extradition treaties with the U.S. are sitting on the same beach smoking Cuban cigars and sipping pina colada's. People involved with MIDL were also involved with CBQI now CHDT. Could Howard have taken an extended holiday(not allowed to use the other nasty word) with them? Only time will tell I guess.
Everyone should read this article that Whiz provided a link to.
http://www.forbes.com/2006/08/16/comverse-kobi-alexander-cx_po_0816autofacescan02.html?partner=yahoo...
I am getting more and more nervous about Howard being so unavailable. You cannot get him on the phone, but e-mails are answered immediately, which can be done by anyone. The short answers keep the story uncomplicated and simple so that there is not too much information to have to keep track of.
I'm wondering who is really answering those e-mails now, and even if it is Howard, is he answering them from within the US?
Well SBC, I guess this will have to be the only board that can be used for all information. The admin has sided with lucy in letting her run the other board as a fully censored board. The CEO taking a vacation is no longer allowed. And we don't even know if he is back yet. Sick.
Hey Duffys,
Nice you came over to say hi. However, I have to disagree with you. I want the information, I do not care if I get it over there or over here. If you want to post over there, fine, I will still be posting over there, anything that I think of that is a positive attribute to this stock. However, I do not have the time or or even care to read the vitriolic posts that some engage in . I do not enjoy reading a bunch of posts that insult someone or make fun of them or demean them to the point that they will either be disrespected by other posters or be taken with minimal seriousness. I like SERIOUS discussions that cover both sides of the situation, not childish games. This is not a game for me and I want the information, plain and simple, so this may be a method of getting that other side of the information without having to put up with a bunch of grown people acting like 2 year olds. If an interest builds here, I will ask Matt to put me on as moderator if noone else jumps in to do it. I do NOT delete posts unless they are repeats, spam, vulgar/use profanity, or are attacks aimed at pressuring another poster to not state a viewpoint about the company. I do not care if there are posts that are Off Topic, as long as they are kept to a minimum and are posted with respect to the main intent of the board to get information about CHDT, meaning posters try to post most of the OT discussions at times when the board is fairly inactive.
I want to be part of a community of investors/traders that are interested in helping each other to make money and who can give kudos to each other when we have profitable trades whether it be long, short or holding.
Anyway, people will hopefully come here to augment any discussions on the main CHDT board.
Hey there SBC! This used to be a good board for info on CBQI which is now CHDT. There was a lot of PR's pumped out that can only be attributed to what was authorized by whichever CEO was at the helm. I think that due to the fact that this is now CHDT we can and should use that board for anything to do with past and future discussion, Facts and or personal opinions whether pro or con. Any personal attacks should be immediately TOSED and or PM'd to the I-Hub admin Matt. There is basicly no moderation of that board as it now stands. Have a great day and enjoy oldblue's messages on this board.
Thanks for the heads up. I'll start reading the posts, but gotta go get the kids right now.
Chat later or manana.
Hey everybody, or anybody;
I'll be checking in over here to find out anything that is of concern for CHDT. I think we can have full discussions here without insults from optimistic longs that do not want to hear the negatives. Also without risk of our concerns being deleted so that others won't see them. They will only be deleted if they are just to cause undue anxiety without any links or methods of verifying the information. So, no off the wall accusations that cannot be backed up with reasonable argument or verifiable links.
Well, let's have at it.
Jeeze this guy Bart fischer was a real thief...and he is still involved in the new symbol CHDT..hmmmmm not good...grrrr
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China Direct Trading Corp (OTC BB) Chart Financial Analyst Insider Msg News Option SEC
CHDT 0.05 -0.01 -9.09% Vol:98,400 10:13am 06/22/04
Interview Featuring Howard Ullman on SmallCapVoice.com Goes Over the New Acquisition with Magnet World, Inc. and Magnet World Ltd. -- Hong Kong --
6/22/2004 9:30:00 AM
DAVIE, Fla., Jun 22, 2004 (BUSINESS WIRE) -- China Direct (CHDT) announced today that the Company's CEO, Howard Ullman, is featured in an interview by SmallCapVoice.com. The interview covers all of the latest news for China Direct and features Mr. Ullman's personal insights into the recent acquisition. http://www.smallcapvoice.com/chdt/index.html
CBS MARKETWATCH TOP NEWS
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Sign up for FREE e-Newsletters
The San Diego based SmallCapVoice.com will partner with the Company to develop and coordinate overall market awareness, shareholder communications, and online exposure.
About China Direct Trading Corporation
CHDT is a global trading company engaged in product development, manufacturing, distribution, logistics and product placement into mass retail. The company holds patents and sells products to importers, theme parks and direct to retail worldwide. By establishing relationships with various governmental agencies, public and private institutions, and private industries in China, the Company aims to play a key role in assisting U.S. companies that desire to move production or investments into China as well as helping Chinese firms grow through U.S. distribution and financial support.
For additional information, please visit http://www.chinadirecttradingco.com.
Reference to the above Web sites is solely to provide additional information about the businesses of the companies referenced herein. Magnet World's products can be seen at http://www.magnetworld.net
Forward Looking Statements
This press release contains forward-looking statements. These statements involve risks and uncertainties and actual results may differ. Potential risks and uncertainties include continued competitive pressures in the marketplace; the effect that competitive and economic factors and the Company's reaction to them may have on business buying decisions with respect to the Company's products; possible disruption in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements, and reduced end-user purchases relative to expectations; and the effect that the Company's dependency on manufacturing and logistics services provided by third parties may have on the quality or quantity of products manufactured. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
SOURCE: China Direct Trading Corp.
China Direct Trading Corp.
Howard Ullman, 954-474-0224
CHDT: Closed at .10 today for a 73%gain.
New name, New symbol. "CHDT"
DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k052804.txt
<TEXT>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
May 28, 2004
Date of Report (date of earliest event reported)
CHINA DIRECT TRADING CORPORATION
(Exact name of Registrant as specified in its charter)
Florida 33-4707-NY 84-1047159
(State or other (Commission File No.) (IRS Employer
jurisdiction of incorporation Identification
or organization) Number)
12535 Orange Drive, Suite 613
Davie, Florida 33330
(Address of principal executive offices)
(954) 474-0224
(Registrant's telephone number, including area code)
CBQ, Inc.
(Former name or former address, if changed since last report)
ITEM 5 Other Events and Regulation FD Disclosures
The Company has changed its name to "China Direct Trading
Corporation", effective May 27, 2004. At the start of trading on May 28, 2004,
the Company's name and trading symbol on the OTC Bulletin Board shall change
from "CBQ, Inc." and Symbol "CBQI.OB" to "China Direct Trading Corporation" and
Symbol "CHDT.OB".
The Company's proposed reincorporation from the State of Colorado to
Florida was approved by shareholders at the May 17, 2004 Special Meeting. The
reincorporation proposal received the affirmative vote of over 81% of the shares
entitled to vote.
The reincorporation has not changed the Company's business, officers
and directors, employees, principal offices, properties or shareholders.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHINA DIRECT TRADING CORPORATION
Date: May 27, 2004
By: /s/ Howard Ullman
------------------------
Howard Ullman, Chief
Executive Officer and
President and Chairman
</TEXT>
CBQI I think i found the reason for the sell off! :) It's not bad just some insider shares being blown through.
24-Dec-03 FISHER, BART STEVEN
3,853,790 Planned Sale $1,545,0001
Based on the number of shares that sold these past 2 days this sell off should be just about over. Huge opportunity for people to make some decent cash on this one.
This is an insider sale. If I remember right this is the guy that left. Based on the number of shares registered for sale, it looks like it should be over or almost over. Last pr said 2003 was going to be profitable after sales to MNR sales. Looks like and excellent buying opportunity. 10Q should be out soon. "profit" we shall see!!!
December 15, 2003 08:07
CBQ, Inc. Becomes Major Supplier of Spinner Keyrings to the Pet Sector; Transaction Assures Profitability of CBQ for 2003
FT. LAUDERDALE, Fla., Dec 15, 2003 (BUSINESS WIRE) -- CBQ, Inc. (OTC:BB:CBQI.OB), a major importer of products from Asia, announced today that it has won a three-year contract to supply MGN Sales exclusively with its spinner keyrings (patent pending) for distribution to the pet sector. MGN will place the goods in mass merchandisers, drug chains, gift card chains, pet stores, pet groomers, and pet shows. CBQ will also supply a line of refrigerator magnets to MGN along with all display fixtures.
MGN Sales, a supplier to the pet industry through all retail channels, was formed by Richard Tamburri, a ten-year veteran of souvenir wholesale distribution. "I see a void in the pet souvenir market, and am committed to working with CBQ to fill this niche. Humans love their pets and we intend to supply popularly styled pet souvenirs throughout the world," Tamburri said.
The revenues booked from the MGN sales will assure profitability of CBQ for 2003.
Apart from its landmark sale to MGN Sales Souvenir Direct, CBQ's operating company received this week its overseas vendor number from the world's largest retailer, which will promote future sales. "We are pleased to be providing our customers with sourcing, manufacturing, packaging, and product placement," said Howard Ullman, CEO of CBQ.
About CBQ
CBQ is a holding company with subsidiaries involved in trade between China and other countries. The company is involved in the souvenir, gift, novelty, and promotional products industries. The company expects to develop other niche industries that benefit from the high quality and low prices China has to offer, as well as exporting U.S. goods to China. For additional information please visit www.chinadirecttradingco.com.
Securities Exchange Act of 1934
This release is comprised of information that must be interpreted in the context of all of the information provided; accordingly, care should be exercised not to consider portions of this release out of context. This release is provided in compliance with Commission Regulation FD and contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933.
SOURCE: CBQ, Inc.
CBQ, Inc.
Howard Ullman, 954-474-0224
howardullman@earthlink.net
cbqi: I'm investigating other chinese companies. I'm now a owner of a company called (HRCT) Hartcourt but it on the bulletin board exchange and is very jumpy. I will read further about this company. : )
Goodfortune and Godspeed
The ThinkerMan
No, I have no idea why this stock is trading at all. I took my losses and moved on from this rip off.
Haven't checked this out in quite a while...any ideas as to why the sudden trading in the millions?
I can't make any recommendation either way setag. It is a bb stock with lot's of bad background history.
You think One should buy this shares??
I think I can call me a newbee and I would like to hear ones opinion.
I like the shares because there are short times when they get very high and so they get big procentual wins.
Would you recommand to buy them?
CBQ and China Direct Announce Plan to Merge
BusinessWire, Monday, June 23, 2003 at 08:01
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--June 23, 2003--CBQ, Inc.
(OTC:BB:CBQI) and China Direct Trading Company, a leader in developing
and sourcing products from Asia, announced today that the two
companies have entered into a Letter of Intent to merge. The merged
entity will be called China Direct Trading Company (CDTC). For more
information about the goods sold by China Direct see
www.souvenirdirect.com
It is anticipated that the merger agreement will be concluded
within 180 days.
China Direct is profitable, with current projected revenues of
$2,000,000 for 2003. Should current negotiations with prospective
clients prove to be successful the projected revenues for China Direct
over the next 12-month period would rise to $20,000,000.
"China Direct has now reached the point where major licensees in
NASCAR, the largest mass retailers, and several of the largest U.S.
theme park companies are turning to CDTC to develop and source
products from China. Through our long-term association with many
factories throughout China and the Pacific Rim we are able to source
and ship directly from Asia to the customer using pricing that is
lower than other Hong Kong trading companies, hence the new name for
our company, China Direct," said Howard Ullman, President of CBQ, Inc.
and owner of China Direct Trading Company since its inception in 1984.
"We are proud of the fact that through our contacts in China we
are able to offer souvenirs and promotional products to American
consumers at lower foreign prices," said Ullman, a veteran of 20 years
of trading in the China marketplace. China Direct also markets its
products worldwide and has distributors in over 15 countries,
including Canada, Italy, France, United Kingdom, Scotland, Barbados,
Dominica, Honduras, Mexico, Israel, Cayman Islands, Nassau, Ecuador,
Austria, Bermuda, and the United Arab Emirates.
"We are a one-stop shot for buyers seeking to obtain products from
China." said Ullman, " We handle sourcing, financing, and trade
logistics door to door from China to the U.S. customer, and are a
bridge between China and the U.S. marketplace" said Ullman.
China Direct also has a patent pending on a spinning keyring that
is the number one selling keyring in the marketplace.
Forward-Looking Statements
Statements made in this news release may contain forward-looking
statements concerning CBQ,Inc. and China Direct Trading Company
business and prospects. The actual results may vary materially
depending on a number of risk factors, including general economic and
business conditions, and various other factors beyond the control of
either company.
CONTACT: CBQ, Inc.
Howard Ullman, 954/474-0224
SOURCE: CBQ, Inc.
LOOK how this company went up after they deceided to do this. may be when cbqi gets its act together again they will do this, this company must of really been naked shorted..
http://biz.yahoo.com/bw/021126/262315_1.html
http://biz.yahoo.com/bw/021218/182398_1.html
http://finance.yahoo.com/q?s=JGMHA.OB&d=c&t=3m&l=on&z=b&q=l
I hope you did not sell compltely out, when this is at the bottom. any way MM SCHB has come aboard again and has move the bid up slightly, wonder why he's back and moving the bid up..Denn...
I don't remember DENN. I didn't have any Ps so I wasn't real concerned about them. That info is probably posted on the MIDL board on SI. You will have to do some research there.
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=17037
OB
(:>})))))
http://www.katu.com/images/flagprint_sm.jpg
what was the conversion rate for preffered to common. i don't remeber any more. i check my account to and nothing shows up there also...i had a few preffered left. my brother had a ton of preffered..Denn
DENN. As of 11/12/02 MIDL became "WDTE". World Talent and Entertainment Inc. The MIDLP no longer exists. It converted to MIDL common a long time ago. So far my broker has not even shown the new shares. I got out of this this morning and will not be looking back. It was a bad gamble. Shame on me. Time to move forward. Have a great weekend.
OB
(:>})))))
http://www.katu.com/images/flagprint_sm.jpg
is midl trading again. under what symbol. my brother stills owns preffered stock in that company...
Good morning DENN. From what I read in this latest filing Bart Fisher has jumped ship along with Albertine. There is only one person left. "Richard Gregory" 954-450-2888. This will be the second time I have lost substantial capital on men named "Fisher". The corporate seal is once again in the same area of Florida as it was the last time. Just a different town. Don't hold your breath for this to ever become anything of value. It will probably end up in the entertainment business just like MIDL just did and do a 1 for 100 R/S. Have a great weekend!
OB
(:>})))))
http://www.katu.com/images/flagprint_sm.jpg
Gary have you talked to Bart at all lately. Denn....
i see they are going to pay down debt with shares. i wonder if this will be with preferred shares. that's the way they should do it, instead of issuing common shares and dilute big time....thats the way to acquasition a company to. convertible preffered could be issued and converted to common at a later date when the common shares are trading at way higher value. like 20 for one when the common gets over a dollar at least..wonder how to get a hold of this ceo or bart fishcer..Denn..
i see they are going to pay down debt with shares. i wonder if this will be with preferred shares. that's the way they should do it, instead of issuing common shares and dilute big time....thats the way to acquasition a company to. convertible preffered could be issued and converted to common at a later date when the common shares are trading at way higher value. like 20 for one when the common gets over a dollar at least..wonder how to get a hold of this ceo or bart fishcer..Denn..
LOOKS like we have a new ceo. wonder what happen now. who this new ceo. looks like until they get this debt and suits settled , its just going to sit idle.. looks like i put this one in the corner for now.....
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