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August 22, 2007 - 7:44 AM EST
CHDT Corp. (OTCBB: CHDO), a Florida corporation, announced today that its wholly owned subsidiary, Capstone Industries, has received orders from two major U.S. mass retailers for 19 Capstone consumer products. The orders are scheduled to be delivered in the third and fourth calendar quarters of 2007. Capstone Industries believes that these new orders validates Capstone Industries' expanded booklight marketing campaign in 2006, including the offering of private label branding along with Capstone branded consumer products. One of the mass retailers is opting for private labeling while the other is opting for Capstone branding for the products.
"The introduction of 11 new product designs, the offering of private label capability for our products and our efforts to grow the book light products were key, in our opinion, to this order from the two major U.S. mass retailers," said Oscar Martinez, VP Sales of Capstone Industries. "The implementation of year-round product placement, instead of marketing for seasonal orders, is the company's goal for all of its products and is key to our revenue growth strategy," added Mr. Martinez.
"These two U.S. mass retailers were the first to be presented with our new and expanded 2007/2008 line of book lights, task lights, and novelty lights. We are pleased that our on-going sales efforts scored this early sales success," said Reid Goldstein, President of Capstone Industries.
CHDT Corp. Retires Insider Notes for $300,000
CHDT Corporation, a Florida corporation (formerly "China Direct Trading Corp.") (OTCBB: CHDO) (CHDT) announced today that it has reached an agreement with Howard Ullman, Chairman of the Board of Directors of CHDT, to issue "restricted" shares of Common Stock to retire two promissory notes held by Mr. Ullman for $300,000 loaned to CHDT in 2006.
CHDT and Mr. Ullman agreed to the pay off the two promissory notes, one for $250,000 principal amount and the other for $50,000 principal amount, in order to eliminate the insider debt from the CHDT financials and preserve available cash that would have been used to service these two promissory notes for working capital, including the September 2007 launch of the STP-branded consumer products.
The conversion of the promissory notes was based on $0.09 per share for the $250,000 principal amount promissory note, dated June 29, 2006, and $0.02 per share for the $50,000 principal amount promissory note, dated August 19th, 2007. Based on said conversion rates, Mr. Ullman will be issued 2,804,947 "restricted" shares of CHDT Common Stock and 2,500,000 "restricted" shares of CHDT Common Stock, respectively, in the next 10 days for pay-off of the entire principal and interest due under said promissory notes.
Are you Howard Ullman?
wow... quarterly release is really feeding a market frenzy around this stock. $272 traded today.
You are entirely missing the point.
Howard is lending the company relatively cheap without dilution.
There is no way a company with no earnings on the pinks gets
575k at only a straight 10% without shares or warrants- and his
potential conversion price is at present market price without discount.
Thank you Howard.
flptrnking- I wonder if you get a referral commision if this guy buys any tile.
Then you would be the highest paid tile salesman chdt has.
It gets really dark in the west canadian rockies.
Can potentially move a lot of booklights.
No one has mentioned that McClinton was also given 28 million options at .029.
So-- China Direct Trading Company was essentially sold as a shell company for a relative small amount of cash (600K) and options for one third of the company or so at a buy in of four million dollars (135 million @ .029 a share).
What did howard get for giving up one third of his shell?
STP and future revenues from that contract.
The new company is CHDT and the ENTIRE future seems to be STP.
The entire new infrastructure is being built on that exclusive contract with Chlorox. There is no CHINA in CHDT
The new (and improved ?) company is in formation. New CEO, new everything. Howard seems to have stepped aside.
Past revenues are only relevant to the degree that future STP
infrastructure can be built without too much dilution.
Ist one in.........Hurricaneman!
CHINA DIRECT TRADING COMPANY is dead.
Will be formal in 20 days.
The new company is CHDT
Our new CEO-- option for 107 MILLION SHARES at .029
LONG LIVE CHDT
WE ARE BACK IN THE GAME
Hasn't even traded in 4 1/2 hours.
Guess we need some 10W40 or something.
Know anyone that might have connections?
Common Stock 04/20/2007 S 100,000 D $ 0.03 28,862,185 D
Fact as of today.
BART sold two million.
He has 28million in his name,44 million in wifes name, 3.5 million in pension for total of 76 million shares.
He does have to file.
Please update above.
Thanks,
hurricane
Common Stock 04/20/2007 S 100,000 D $ 0.0311 28,762,185 D
Common Stock 04/23/2007 S 100,000 D $ 0.0311 28,662,185 D
Common Stock 04/23/2007 S 100,000 D $ 0.0322 28,562,185 D
Common Stock 04/23/2007 S 400,000 D $ 0.03 28,162,185 D
Common Stock 04/23/2007 S 500,000 D $ 0.0287 27,662,185 D
Common Stock 04/23/2007 S 500,000 D $ 0.0273 27,162,185 D
Common Stock 04/23/2007 S 200,000 D $ 0.026 26,962,185 D
Common Stock 43,925,000 I Owned by Spouse
Common Stock 3,518,234
I'd prefer to see his opinions.
The real news is not the Bart Fisher controversy.
The real news is that for the fourth year in a row, Howard ullman
took his salary in shares, mostly at .031 cents per share.
This brings him back up to 290 million shares.
STP is the news.
chdt was essentially a shell company without it.
The potential is great... but the market is tired of chdt promises.
If they start to..."show me the money" it'll fly.
Execution, execution, execution. Lets se what our new ceo can do.
What do you hope will happen manana?
Salve-
I find you to be even handed and remarkably accurate.
Thank you for your private email helping me to decide to unload so much chdt a6 6-7 cents. I wish I sold the rest when you advised me to do so.
I think CHDT has finally found its feet and will rise again-
but I don't think it can happen in a matter of weeks.
Everybody knows there are risks involved with this stock.
If they had 10 sales people selling big contracts it wouldn't
be at 3 cents a share.
The issue is that of risk vs. upside.
China has historically had big upside and Howard simply has
not been able to make things happen.
Based on that, the stock has appropriately tanked.
There is no way to do adequate due diligence on this stock.
Again, that's why it's market cap is an appropriately low amount. You either have hope and faith that they can turn it around or you don't. That's why the disparate opinions on this company.
It's discouraging that not only the tiles have gone nowhere but it seems there is little momentum in the company in terms of trying to make it happen. On the other hand, one contract and it's flying.
How do you value a company like that? What are doors to all the major big boxes worth? Can they really come up with products like they say ?(remember the tile color fiasco)
PS I like you and Salve (and even elpaff). Makes things
interesting here and brings up the very real issues of the recurrent disappointments surrounding this company.
Steven-
what basis do you have to think that there are more substantive announcements coming? Howard has been disappointing for more than a year... still no tile sales,
a new reading light...
What does a trade for 325K shares at 3:45 with a w after it mean?
when is the conference call?
what makes you so optimistic?
I don't see anyway to do due diligence...
it all seems like a leap of faith.
We're up to #17!
If everybody who posted today just bought 10000 shares...
only $332 plus commission...
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I don't think we need to worry about market makers.
We need to worry about no volume.
Everybody says they are buying a rocket- where are the transactions?
I am hoping for a good week too.
Lucy-
1. any idea whether there are real and specific products
ready to be sold by Capstone or are these "theoretical" new areas where they
are looking for products?
2. Do you think we've sold any tile?
Wow.
A little volume and a little bump and you have some company lucy.
I hope it's not a dead cat bounce and that there is some
real news around, not just entertainment.
Interestingly- the PR piece said they were putting more money into capstone-of which we have had no news since the purchases. As usual, we are left trying to read inbetween the lines.
In general, with chdt, no news has been bad news.
But I am just wondering if they have something else lined up.
Howard is not stupid and has 300 Million shares. I hope he would not have just let cps go without a bigger plan. Maybe there is just better potential with a low capital company for obs and capstone. We get punished in the meantime.
dizzydon, otcbblover-
That's a laugh.
If I was howard I would've sold at .16 like he did.
I was pointing out that maybe there was a reason he sold CPC.
Like maybe they are losing money by the heaps. Hoping there was some substance to what he said, that they cannot carry the ongoing costs to developing the tile line and another cold season for hurricanes.
I sold 3oo K at .025 like I said here.
I sold a ton at .065 (wish I sold it all then).
I think I have been fairly even handed with my opinions,
not a pumper or a basher. I, to say the least, am not happy with the recent turn of events. I am just trying to figure out if there is any future left, like everybody else.
A few hurricane scares and a lot of generators are sold.
Another quiet season and CPS takes a bath.
Howard sees the future in tiles and capstone.
CPS was boom and bust and Howard, it seems, didn't
want to carry the short term (or long term) losses.
I hope he has something up his sleeve in Capstone or
OBS.
I know.
I just panic sold 335K at .024-.0255
It should firm up because I am going to sit tight.
Still have 1.2 million left.
Are you still holding a significant position?
What are you looking for to get in or increase?
The stock is 85% off the high.
That's pretty impressive capitulation.
I believe long term it's a good hold with promise.
Yet, I sold off half my position at the last opportunity
(pre-release for the third quarter.)
With no news there seems to be no rational basis to buy
or increase my position. Can they sell tiles?.......yet
to be seen. If they can, and one hurricane, we're at new highs. If not, certainly there is real potential downside.
Wonder what Kingfisher would have to say...lots of potential tile buyers on the west coast. Hope things are up and running before the upcoming building shows. A lot seems to be riding on that.
Hey King....it's the hurricaneman.
How are you.
Selling any tiles recently? Still in CHDT? I sold out half at
.07 so I have a big position but am in at a net of .01--
so I'll hold for a while longer.
This stuff looks interesting.. how long have you been in,
do you have a big position, what do you see as upside?
hurricaneman
Lucy-
do you see more upside here or in chdt?
Are you long in both?
How long have you been in cyberlux?
hurricaneman
and not a creature stirred on the chdt site,
not even a mouse...
to a lucrative 2007 for all, good luck.
hurricaneman
"SAR triggered under the candlestick today sssshhhhh!!!!" :)
...and the cow jumped over the moon.
the die hards are getting out.
Time to get in.
Salve-- I think you are right about tax selling and a lack
of hurricanes and tile news. I talked to two people who sold that had bought in the teens and wanted to wipe out some profit
on their taxes.
I think we are close to a bottom and am thinking of picking up some more. After selling my basis is really low (.01 or so); I am thinking of averaging up and picking up another
4-5 hundred thousand on the cheap. What do you think?
Given recent events, relatively big volume at .033
252K, 100K, 120 K 144 K and 3@ 50-70K..........
Maybe building support.
You convinced me then and I sold half my position at 6.
What does your crystal ball say now?
I believe no news is not encouraging but the long term prospects are still bullish. Buy when no one else wants to.
Salve, time to buy?
There is no shorting. This stock is comatose.
No signs of life. There are no signs from the company that anything is happening.
Sometimes six hours or more goes by even in the chdt chat room without comment. I sold half pre earnings release and don't know if I want to by in at half the price-- there is not enough information to make a competent decision.
Which probably means its the time to buy.