Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
50 plus 50 would be 100 Mill to Bill
300 Mill to Howard
out of 600 million shares....
Howard will be knocking door to door looking for houses
with a need of neutral colored tile....
chdt AND Bill Dato made 374K in the second quarter.
Howard said to expect record revenues and earnings.
So, let's say we go from 748K to a million in the third quarter;
Projected forward is four million a year....
3.4 million and 50 million shares equals seven million plus to bill...
He must be confident this stock is on the rise, trading two million a year for a present value of 7.4 million (in an illiquid stock)
You know better than that.
NO buyback.
What else other than buying cps-- why else would cpc dade be put as a subsidiary of cps... otherwise we would be giving away
(literally) half of the cps. Unless we buy cps 's 49% we are now as china direct owners 51% owners of 60% of the cps francise-
very minority owners of future franchises.
I can't imagine anything other than 3.4 M and 50 shares for 49%
2nd quarter entirety of cps made 750K.
Assuming NO growth is 3 million income a year .
Present market cap is only 40 million.
Forward PE is 13? That's ridiculous.
Add growth in cps broward
and cps dade
and cps naples ?
and tile...with real and sellable colors...
and this is on the take off strip.
My hope is for the 49% of cps.
It cost us 637K and fifty million shares at 2 cents or so for the first half; I'd be glad to pay 2.5 Million and fifty million shares at .077 cents for the rest....
it certainly would make the accounting easier and hopefully
preclude another chdt-e
Sentinal-
I can't believe you beat me to an SEC filing. Good one.
The buyout of cps or something new is nearing...
There is no way there will be a buyback. The company needs the money to grow.
There are 47 million shares in the treasury. IMO we needed more
for whatever they are going to buy. So 20M was put back into the treasury. Now we have 67M shares in the treasury. NOW we
can use more shares without technically issuing new shares and diluting the stock.
The announcement will be, like CPC, for cash and shares.
I wonder what 2.5 Million and 50M shares buys these days....
We now have 2.5 million cash and 50 million shares free....
Bill Dato is off the board...
my hope and vote is for the other 49% of cpc.....
what do you think, lucy, king, sentinal....
159K @ .08.. seems like a lot of resistance there
Lucy-
Level 2
Who thinks we close above .08?
Maybe Howard will personally buy back his "groups"
eight million shares.
Bunch of B.S.
No buy back.
Any retained earnings goes into more franchises.
We can discuss a reverse split IF we ever get to 40-50
cents.
Do you think "retail exhibition" could mean Home Depot?
Anybody else think of that?
I agree.
I think the terra cotta has better/more common finishes.
Howard explained that monthly sales are no longer relevant from
an SEC-filing matter--- it's installed and finished and paid for installations. Although advertising a back order could be nice the reality is that in the first six months they booked 11 million in sales but could only note 6 million in 10q as orders don't count. They are also not aggressively advertising to sell
as they are booked up for installations. Once Dade is open- assuming appropriate infrastructure--I expect to see advertising
and another rapid escalation in business.
1. The terra cotta samples are on the way. Maybe in a week
was the announcement.
That's what they use in south fla and I believe CA and it should be just what the developers and roofers are looking for.
2. When you do roof tiles you always replace the whole roof
(unless it's just a few tiles)/ fla insurance law states if
a percentage of the roof (I forget if its 10 0r 20) is damaged you get a whole new roof.
We'll sit flat until Miami CPC opens and the tile business starts to happen-- I think the original tiles were off in terms of color but that that error seems to be corrected. Then we'll start getting a big jump in revenues.
Don't forget- this company essentially started less than a year ago.
Lucy-
It's amazing how the volume of notes on ihub for chdt has disappeared. We're now not even top twenty and nothing for hours and hours at a time.
Even our regulars our gone.
What's your interpretation- are the day trader's gone?
Where is everybody--the chartists, the predictors, the boom and bashers-- why do you think everyone is gone?
Hopefully the end of a dreadful sink from our high of .23. Ouch.
If you look at the charts, not far from where we were one month ago
before the unearned rise. With some news, maybe we'll get back to 10-12 where it probably should be right now. Pendulum swung too high on the up, paid for it
on the down.
duffys-
please read my previous post of mine from two or so ago.
Not to sound like a family therapist, but your posts
are incredibly provocative and lower the level of discussion.
You are provocative and then they are provocative back.
Let's all acknowledge- in terms of your predictions the last month you have been on the mark. Let me make it clear I want to hear what you say. I wish I sold some of my position when you advised all to do so. I want disbelievers on this board or it is of no value.
Let's all step up the level of dialogue.
Howard said that CPC of Dade will be open by the end of the third quarter. I think it is amazing, if true, that they will have developed the complicated infrastructure of a sales and installation business in 90 days. I personally called FPL (florida power and light) for a quote for a 35K generator and they said they couldn't even get someone out to give a quote for months.
There are many possiblities from there- what if they could get
Home Depot of DADE?
I have no problem with a 10q being ten days late. Any serious
investor has seen this many times.
I have no problem with CPC of DADE being thirty days late.
I still this would be an impressive accomplishment.
I am kicking myself for not selling some of my position at .23
Hey, live and learn. But the potential is real. Dade would easily match Broward for sales and when up and running in the next ? months Naples might as well.
I am an admitted long and believe howard can pull it off.
I am happy, though to hear and learn from the disbelievers and wish I listened to them at .23
Do me a favor all- I am a serious investor and professional.
The silly back and forth reminds me of my adolescent daughters.
I want to hear positive and negative points-- but cut out the silly billion dollar capitalization crap and cut out the zero value cap. There is undoubtably potential here but if you can't afford to lose all your capital you shouldn't be in an 8 or 23 cent stock.
So- let's debate and learn and hopefully all make money.
But if I want to hear pro-Duffy and anti-Duffy I can listen to my daughters. Let's all raise the level of sophistication here.
Bulls or bears, we are all trying to increase our equity.
No reason to get personal. It's mostly boring.
King- Thanks for asking.
Couple of tree branches down and a couple inches of rain.
Perfect.
No damage and enough threat to remind people they needed
generators.
I have a 55oo watt portable generator that I cranked up the
night before.
When China was a 15-20 I told Howard mine would be the first
generator sold from CPC of Dade.
I still think I'll buy it with my profits from CHDT but I think
it will take another quarter for people to see what we really
have here.
Good morning king.
You notice the 810K buy at the end of yesterday
and the million at the end of the previous day-
any ideas?
Do you think anybody is accumulating?
Howard has given estimates of 75-100 million float in "public hands" and not held in the 405 million by directors and whatever additional with their "friends".
I was disappointed with no CPC of DADE- but he said it would open by the end
of the third quarter, which ends in ONE MONTH.
Once they open- the demand is unbelievable. Howard told me
they stopped advertising in Broward because they can't install
them fast enough and don't want to piss off consumers with delays. CPC of Dade, with enough infrastructure, will have profits from the start. I still hope they can get home depot
in Dade too.
Lucy;
see below- I was right the first time- Dato is convertible to
50,739,958 shares!
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT; ITEM 2.01
COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On January 27, 2007, China Direct Trading Corporation (CHDT)
entered into a Purchase Agreement (the Purchase Agreement)
with William Dato (Dato) and Complete Power Solutions LLC
(CPS) pursuant to which CHDT acquired from Dato 51% of the
member interests of CPS for a purchase price consisting of the
payment of $637,000 in cash and the delivery of 600,000 shares
of CHDT's Series A Convertible Preferred Stock (the Series A
Preferred Stock) having a stated value of $1,200,000 which are
convertible into 50,739, 958 shares of CHDT's Common Stock The
cash paid in the transaction was obtained from capital
provided to CHDT for use in connection with acquisitions by
Howard Ullman (Ullman), the President of CHDT, and certain
directors and principal shareholders of CHDT as previously
disclosed. Concurrently with the closing of the transaction,
CHDT filed an amendment to its articles of incorporation
creating the Series A Preferred Stock.
Lucy--
Insider & Form 144 Filings - LAMADRID, LORENZO CESAR
Last Updated
28-Aug-06
Enter symbol:
symbol lookup
EDGAR Online: Get a Free Trial to EDGAR Online Premium | Full text Search
Lucy
Proof it is-
Lamadrid has 6 million (five million plus 15000x67
LAMADRID, LORENZO CESAR: Declared Holdings
Company/Relationship Reported Shares Ownership
China Direct Trading Corp
Director
OTC BB:CHDT.OB
(historical quotes, other insiders) 21-Feb-06 15,000 Direct
Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction ADVERTISEMENT
21-Feb-06 15,000 CHDT.OB Acquisition (Non Open Market) at $1 per share.
(Value of $15,000)
5-Jan-05 5,000,000 CHDT.OB Statement of Ownership
Lucy-
enclosed from Jan 8k-- I got it wrong... it is 67 to 1!!!
Dato owns 628000 times 67 equals 42million
Lamadrid owns 15000 times 67 equals one million plus five million common (I'll get you that when i have a chance.
From January edgars...
9.5 "Conversion Stock" shall mean the shares of the Stock, a new series
of preferred stock of the Company, restricted under Rule 144 of the Securities
Act of 1933, as amended, with the rights and terms to be negotiated with between
the Noteholders and the Company and to be set forth in a Certificate of
Designation, Rights and Privileges to be appended to the Company's Articles of
Incorporation ("Articles"); provided, however that the conversion ratio of the
Conversion Stock into shares of the CHDT Common Stock shall be capped at an
aggregate of 42,466,666 and 2/3 shares of per $637,000 in credit. The number and
character of shares of Conversion Stock are subject to adjustment as provided
herein and the term "Conversion Stock" shall include shares and other securities
and property at any time receivable or issuable upon conversion of this Credit
Line/Note in accordance with its terms.
9.6 "Conversion Price" shall be $1.00 of principal and/or interest
converted into one (1) share of Preferred Stock with each share of Preferred
Stock to be convertible into 66.66 shares of Company Common Stock, $0.0001 par
value per share ("Common Stock").
Lucy/King-
Your data and new info about concerning inside holdings is inaccurate.
Bill Dato hold 628K "master shares" initally worth 1.2 million dollars is convertible to 50,739,958
common shares.
Lorenzo Madrid has 5 million common shares and 15ooo master shares
converted at a ratio of 15 to 1, Laurie Holtz has 5000 master shares that can also be turned to common shares at 15:1.
In addition- much of the money lent to the company is at simple interest but at an option to buy in. Howards "credit Line" is
at 8% but he can by in at .10 a share- a pretty good sign he believes it is going higher than that.
It's important- that is why the float is what it is.
Add Howard and the rest of the gang and you get over 400 million
shares held by the board.
My (major) concerns about press conference:
1. Howard said tiles with better colors coming next week.
Does that mean the old colors were not sellable?
He avoided issue of shipping or orders entirely.
It would seem orders are not robust.
2. Delay in Miami Dade. Time is money. I was hoping for sooner.
My conclusion- really good promise, is going to take A LOT
longer than we thought to get going... unless something is in the works he was not free to mention.
We are stuck between 8 and 11 cents without news for a long time.
No e on schwab
schwab .106/.107 900K
good morning.
We in Dade county are getting ready for school cancellation tomorrow. We'll see.
Lucy-
basics for you.. but what does 2x1 mean after the bid ask?
King-
So- what do you forsee for one, three, six months
Mccoy-
I am a big and realistic long term holder.
But with 543 million shares-- at one or two dollars we're
talking a billion dollar market cap.
Does ANYONE really think that is reasonable?
"It certainly looks like it's going to impact a significant portion of Florida before it's all over," said Max Mayfield, the director of the National Hurricane Center.
Ernesto had maximum sustained winds of 75 mph and barely held Category 1 hurricane status earlier Sunday, but weakened throughout the day and had winds of 50 mph by early evening. The Miami-based hurricane center cautioned,
(editorial note from the hurricane- I note)
(Look at the last paragraph-- home depot bustling with generator sales..
I wonder if Bill Dato could get us hooked up with Dade home depot once they open..this week or next?).
though, that the storm could regain hurricane strength before its anticipated arrival Monday on Cuba's southeastern coast.
Many Keys residents took notice, stocking up on supplies and shuttering their homes.
"Thank God I started today," said David Kidwell of Stock Island, who spent Sunday buying plywood and screws to secure his windows. "Tomorrow will be chaos."
The hurricane watch -- meaning hurricane conditions are possible within 36 hours -- was posted for the entire Keys and came a few hours after the Monroe County Emergency Management office told tourists to postpone any immediate plans to travel to the island chain and ordered those already there to leave.
All travel trailers and recreational vehicles were ordered off the islands immediately. Mobile home residents were also urged to evacuate.
"Key Westerners are used to this kind of stuff," said Jim Bernard, an assistant manager at a Home Depot in Key West.
His store was bustling Sunday, as customers bought generators and other storm-preparation equipment, just in case. Forecasters said the Keys could begin feeling Ernesto's effects by early Tuesday.
I stand corrected. I thought it was 20 days.
1. The ten q is for all sales. If you follow it down, we actually made 740K this quarter; it then costs 375K to "minority
partner" (Bill Dato). So the numbers are for the total and Bill
takes out half the earnings. Amazing, we really made 750 K on
the 3.9million in sales
If you multiple 3.75 times four and growing, no way bill will
sell for 2.5 Million. But.... we have forty million extra shares in the treasury... he might take 2.5 and 40M at (now) ten cents a share... that's what he did in January (then he sold 51 percent
for 637K and 50 Million shares.
2. Howard said on MN1 to go on the nasdaq we need 5 million in assets (which we now have) and four dollars a share for twenty days. I believe if and when we get to forty or fifty cents he'll
do a reverse 10:1 to get us to four or five dollars... and then
we can go nasdaq and get the big boys in...
I know it's old, from Friday.... but tomorrow could be interesting without the e
and .... Predictions dart..... lucy.... king?
Yahoo!
My Yahoo!
Press Release Source: China Direct Trading Corporation
China Direct Reports Revenue Increase of 1,520%, Revenue Increases 58% Sequentially from Q2 2006 over Q1 2006
Friday August 25, 10:04 am ET
Q2 2006 Revenue of $3.97 Million and Net Income of $374,885 on delivered orders
COOPER CITY, Fla., Aug. 25 /PRNewswire-FirstCall/ -- China Direct Trading Corp. (OTC Bulletin Board: CHDT.OB - News) today announced consolidated results for the second quarter of FY2006 ended June 30, 2006, and the filing of its Form 10-Q for that fiscal quarter with the U.S. Securities and Exchange Commission.
ADVERTISEMENT
FINANCIAL RESULTS: Reported consolidated gross revenues for the quarter ending June 30, 2006, were $3,969,957, an increase of 1,520% from the $261,016 in gross revenues reported for the second quarter of FY2005 and a sequential increase of 58% over first quarter FY2006 gross revenues of $2,511,809. The increase in gross revenues is primarily due to growth in power generator sales by Complete Power Solutions, LLC, a 51%-owned China Direct subsidiary.
Total sales orders reached $6,800,000 Q2 FY2006, of which $3.97 million could be recognized under applicable GAAP as second quarter FY2006 gross revenues.
Profitability continued to accelerate as second quarter FY2006 net income rose to $374,885 over sequential first quarter FY2006 net income of $42,718, versus a loss of $(18,097) for the corresponding second quarter of FY2005.
Cash position increased to $873,211 in Q2 2006 versus $9,090 at the end of the 2005 calendar year.
"Our profitability is increasing and our ability to sell, contract and complete power generator installations is accelerating, as evidenced by the rapid increase in completed orders over the second quarter," said Howard Ullman, CEO/President of China Direct. "The higher investment and associated costs in building out our infrastructure in Q1 FY2006 are now paying off and we will continue to strive to drive cost efficiencies to seek increased profits."
INVESTOR TELECONFERENCE: China Direct will host an investor teleconference to discuss second quarter FY2006 results and update investors on current corporate and subsidiary initiatives on Monday, August 28, 2006 at 10:00 AM Eastern Time. To participate in the call, the dial-in number is (319) 632-1100, then enter access code 260372 and push the pound (#) key. A replay of the call will be available for two weeks and will be accessible at (641) 985-5006, access code 260372#. A replay of the call will also be available from the www.chdt.us web site one day following the call.
Balance Sheet and Consolidated Statement of Operations Financial Tables
follow:
CHINA DIRECT TRADING CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
June 30, December 31,
2006 2005
Assets:
Current assets:
Cash $873,211 $9,090
Accounts receivable - net 3,856,521 4,000
Advances 1,200 -
Inventory 659,325 11,760
Prepaid expense 49,134 -
Total Current Assets 5,439,391 24,850
Fixed assets:
Communications equipment 12,941 -
Computer equipment 29,898 4,965
Computer software 6,724 -
Transportation equipment 365,303 -
Machinery and equipment 103,296 -
Furniture and fixtures 43,945 -
Leasehold improvements 19,413 -
Less: Accumulated Depreciation (93,506) (2,132)
Total Fixed Assets 488,014 2,833
Other non-current assets:
Deposits 89,610 1,775
Goodwill 1,567,214 -
Total other non-current assets 1,656,824 1,775
Total assets $7,584,229 $29,458
CHINA DIRECT TRADING CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Continued)
(Unaudited)
June 30, December 31,
2006 2005
Liabilities and Stockholders' Deficit:
Current Liabilities:
Accounts payable, trade $763,584 $35,666
Accrued expenses 549,161 496,783
Customer deposits 1,970,544 24,891
Notes payable - current maturities 80,535 -
Related party payables 26,011 16,011
Total Current Liabilities 3,389,835 573,351
Long-Term Liabilities:
Notes payable - less current maturities 284,296 -
Stockholder loans payable 747,500 -
Investor loans payable 710,100 -
Total Long-Term Liabilities 1,741,896 -
Total Liabilities 5,131,731 573,351
Minority Interest 741,788 -
Stockholders' Deficit:
Preferred Stock, par value $.001 per share
Authorized 100,000,000 shares,
Issued 1,265,000 shares at
June 30, 2006 and 8,000 shares
at December 31, 2005 1,265 8
Common Stock, par value $.0001 per share
Authorized 600,000,000 shares,
Issued 543,122,028 Shares at
June 30, 2006 and December 31, 2005 54,313 54,313
Additional paid-in capital 2,668,408 832,665
Accumulated deficit (1,013,276) (1,430,879)
Total Stockholders' Deficit 1,710,710 (543,893)
Total Liabilities and
Stockholders' Deficit $7,584,229 $29,458
CHINA DIRECT TRADING CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited) (Unaudited)
For the Three Months For the Six Months
Ended June 30, Ended June 30,
2006 2005 2006 2005
Revenues $3,969,957 $261,016 $6,481,766 $465,370
Cost of Sales (2,160,684) (155,101) (4,043,229) (327,376)
Gross Profit 1,809,273 105,915 2,438,537 137,994
Operating Expenses:
Sales and marketing 81,773 4,353 173,559 6,126
Compensation 738,923 50,000 896,340 100,000
Professional fees 34,039 36,282 65,907 49,095
Other General and
administrative 203,884 33,388 362,968 85,909
Total Operating
Expenses 1,058,619 124,023 1,498,774 241,130
Net Operating
Income (Loss) 750,654 (18,108) 939,763 (103,136)
Other Income (Expense):
Interest income 2,150 11 2,150 11
Interest expense (26,715) - (41,724) (740)
Net Income (Loss) before
minority interest 726,089 (18,097) 900,189 (103,865)
Minority interest (351,204) - (482,586) -
Net Income (Loss) $374,885 $(18,097) $417,603 $(103,865)
Weighted Average
Shares Outstanding 543,122,028 517,232,972 543,122,028 516,348,305
Income (Loss) per
Common Share $- $- $- $-
Nothing personal- but who are you that we should believe are investing
a million dollars in our bb stock?
We are debt free and litigation free and have money in the bank.
I'll bet anyone a thousand shares dade county opens in two weeks or less.
Naples to follow. No surprise if just those three francises could be grossing
50-60 million a year alone within a year.
I live in south florida. People order generators out of fear. More action is more fear and more sales. Eventually, everyone will get their generators installed, back orders are fine with me.
What I am truly curious about is the tiles. Why no news? Are they shipped?
Are there big orders? That's the issue for tomorrow.
Thats what i saw too.
3.4 million at .107 at 4:02
From the hurricane.. see it here first
China Direct Reports Revenue Increase of 1,520%, Revenue Increases 58% Sequentially from Q2 2006 over Q1 2006
Q2 2006 Revenue of $3.97 Million and Net Income of $374,885 on delivered orders
COOPER CITY, Fla., Aug. 25 /PRNewswire-FirstCall/ -- China Direct Trading Corp. (OTC Bulletin Board: CHDT.OB - News) today announced consolidated results for the second quarter of FY2006 ended June 30, 2006, and the filing of its Form 10-Q for that fiscal quarter with the U.S. Securities and Exchange Commission.
FINANCIAL RESULTS: Reported consolidated gross revenues for the quarter ending June 30, 2006, were $3,969,957, an increase of 1,520% from the $261,016 in gross revenues reported for the second quarter of FY2005 and a sequential increase of 58% over first quarter FY2006 gross revenues of $2,511,809. The increase in gross revenues is primarily due to growth in power generator sales by Complete Power Solutions, LLC, a 51%-owned China Direct subsidiary.
Total sales orders reached $6,800,000 Q2 FY2006, of which $3.97 million could be recognized under applicable GAAP as second quarter FY2006 gross revenues.
Profitability continued to accelerate as second quarter FY2006 net income rose to $374,885 over sequential first quarter FY2006 net income of $42,718, versus a loss of $(18,097) for the corresponding second quarter of FY2005.
Cash position increased to $873,211 in Q2 2006 versus $9,090 at the end of the 2005 calendar year.
Lucy
Don't forget the stock crash and burned down to .066 in the
last two weeks. It was low volume but there are alot of people willing to get out at .11 or .12
We are going to have to build another base at .11 or .12--
before we shake out the resistance.