says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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.
Truth, Justice, and the American Way
Ohhhh, you mean what does my screen name denote. Just an old email address I've used. Three words, smashed together, without the vowels.
What's nice is the name is usually available when I go to a new email domain.
Regards
You keep this up
and you too can be delinquent in your filings like Bart!
Regards
Good News Coming
The Company is aware of the manipulation of the stock price and will be changing the CUSIP number so all shares must be accounted for.
Why is that necessary? Are they alleging hanky panky with SKCI shares? When will we have an accurate, documented share count?
Regards
Ah, yes, I see that now
Thanks.
Is that www.chdt.us
or www.chdt.com
I was talking about www.chdt.com, which was for sale, and not owned by CHDT when I looked this morning.
Regards
Number #1 with a bullet
Careful with that gun...
Those are the tiles
unless they've hooked up with another manufacturer.
Regards
There must be another PR in the pipe
This is sorta the cart before the horse. Surely they have some big news that will boost the current share price above 10 cents, or this just became a sub-penny stock. Having a hard time seeing the attraction of that.
Could you check with Brian on a follow-up PR?
Regards
Here's what they look like
Should they finish testing:
http://www.chinarooftile.com/product.asp?me=a3&typeid=4&smalltypeid=33&type=Roofing%20Ti...
Regards
There were only 5K shares short in April
May's report will be out soon. How many shorts do you think there are?
Regards
You mean this PR
from Oct. 5th?
OBS is also exploring market demand in South Florida for other tile configurations, such as the large 'S' barrel and multi-color mix barrel tiles. Samples of the new configurations are on the way for builder preview, and, if demand warrants, these samples will be tested for local South Florida governmental approval. If the roofing tiles pass, OBS expects the new configurations to be ready for sale in the late first or early second quarter of 2007. OBS has decided to put on hold the importation of concrete roof tiles and will focus on supplying the US market with clay tiles that weigh less than concrete tiles since freight from China is too expensive for concrete tiles at the current market price.
http://biz.yahoo.com/iw/061005/0169654.html
Maybe demand didn't warrant the testing.
From the same PR:
"In order to maximize immediate sales opportunities in these roofing tiles, we have hired a salesperson, Bill Reese, to handle the Florida West Coast market and are in the process of hiring a salesperson in Nevada, another projected high-demand market for OBS roofing tiles," added Mr. Ullman.
That's that kingfisher fellow, right? Is he still working for CHDT/OBS? Maybe he has an idea about the additional tile styles.
Regards
Regards
Will they buy www.chdt.com?
That site is for sale. Seems a natural.
Regards
The NOA discrepancy
OK, from what I can tell, www.chdt.us has a preliminary NOA (faxed to them on the 19th; the NOA on Miami-Dade's site was created on the 24th).
CHDT should update the NOA pdf on their site to reflect the official label designation.
And it does matter, you can't sell the tile without the right label, at least in Miami-Dade, and other places that adhere to their specs.
Confusing set of data points
Dade County's NOA form for the approved roof tile from China has designated Overseas Building Suppy, Cooper City, FL www.chdt.us to be imprinted on the label of each tile.
http://www.miamidade.gov/buildingcode/pc-result_detail_app.asp?app_alias=102311
China Direct has a copy of the NOA on their website at www.chdt.us, and the label designation differs from the Miami Dade County PDF. It's mostly Chinese characters, although there might be a CHDT logo included there, the PDF is a little blurry.
http://www.chdt.us/chdtnoa.pdf
Why the difference?
In any event, here is a list of approved clay roofing tiles according to Miami Dade County (OBS is on the list of course):
http://www.miamidade.gov/buildingcode/pc-result_app.asp?fldNOA=&Classification=1%2CHigh+velocity...
OBS's NOA is good until July 2011, so there is plenty of time to start making some sales.
There certainly doesn't seem to be any hurry, though.
Regards
Sales are all but guaranteed
It's been that way for some time now. I get the feeling they are right at the edge of profitability on the tiles, given current shipping costs. A large hurricane hitting Dade county would certainly inflate the costs of replacement/rebuilding tiles there, and drive some sales perhaps.
Data point: At one time, CHDT announced they were expanding the roof tile line to include cement tiles as well. Then they announced that due to the added expense of shipping them (they weigh more than clay tiles per unit area), they backed off from offering them.
How much longer do we wait for tile sales before we deep-six OBS? One more hurricane season?
Regards
Well, I have to ask
are those Chinese tile manufacturers just really patient folks? Didn't CHDT announce an agreement for up to 20M tiles per annum from them? Was it exclusive? Can it possibly still be exclusive?
My point: Say the big one does hit Dade county. Are all those original agreements still in place? Or does Home Depot swoop in with their SuperTankerShippingBarge and reap the tile production and profits.
How long does a company wait around for CHDT to start moving those 20M tiles pa.
Regards
It's almost like he wants
to be in the tile futures business, not the tile business. You know, sign up some capacity in China, wait for a disaster to strike, and tile prices to double, then cash in.
Otherwise, sit on your hands and make excuses. Actually being in the tile business means extensive investment. Inventory, warehousing, distribution, sales force, delivery...
Being in the tiles futures business just involves making lots of forward looking, safe-harbor type statements, and hoping the big one hits south Florida.
Regards
Another one under Business and Travel
accessories:
http://www.barnesandnoble.com/fathersday/father_cds2.asp?PID=15393&start=16&z=y&cds2Pid=...
That's where the new Flipneck Travel light should go, my guess.
Regards
Only one is listed as a part
of the Father's Day Gift Guide, and it's not a travel light.
Surprising.
I've never seen one either
but it can't be much different than the Silver LED Slimline one.
About This Item
Read anywhere, anytime, even in the dark with this LED slimline booklight! Folds flat for storage or travle. Weighs only 2.5 oz with batteries. Long-life LED bulb never needs replacing.
and
The Travel Flip-Neck Booklight is "ultra" lightweight for "Reading-On-The-Go" and easily fits into briefcases, pocket books, backpacks and is perfect for leisure and business travel. The 2 Super Bright LED Lights offer the consumer extra wide reading area coverage with a sturdy clip for all reading materials.
Maybe it's the 2 LEDs.
Looks like quite a few different
Book Lights are a part of the Father's Day promotion, judging from this list:
http://search.barnesandnoble.com/booksearch/results.asp?WRD=booklight&z=y
Capstone even has one listed as a part of the Father's Day Gift Guide, the Compact Multi-Task Book Light, number 6 on the list.
Question: How does the new Travel Flipneck booklight differ from Number 3 on the list, the Silver LED Slimline Booklight?
Respect him if you will
but his Book Value calculation was nonsense.
And his math was wrong.
Book Value has a definition. Look it up if you're unsure. Then wait for the company to post a balance sheet so you can actually calculate a book value.
Regards
Book Value is Total Assets minus (Intangible
Assets + Liabilities)
You can also calculate the Book Value per share by dividing Book Value by the number of Outstanding Shares.
Until they file a financial statement, you don't know what the book value is for SKCI.
And your calculation should produce .05, not .20, by the way.
Regards
Yep
A component of net sales. Does that mean it's part of the revenue reported for the quarter, or do they put in in Cost of Goods sold for the quarter?
It's not clear to me.
Regards
It looks like there were painters
from both camps at the close. 2s won this day. It's the first short painters I've seen, it's usually a long painting the close in this stock.
Interesting battle. Why do the shorts show up on a big news day? Who got tired of waiting and bailed after the interview?
Let's see some filed financials. How much do the big guys pull in a year? We now have a handle on the seminars. What are the rainmakers worth?
What's a share worth? Anybody's guess, and the war is just starting.
Regards
I'm gonna estimate that Capstone (booklights)
was most of that $211K. Does anyone know if returns would come right off of revenue, or would be a part of COGS? Any accountants in the audience?
$800K of booklights in 4Q; Christmas returns would be accounted for in 1Q. It seems like a perfect gift, and also seems like a quick return for credit when they discover the batteries go dead even when turned off. They need to update the tech. My wireless Microsoft mouse will go 6 months on 2 AA batteries. It gets daily use, and has no on/off switch. The booklight should do as well.
I just don't think SDI is going to get much attention from Mr. Wallach; he has booklights and the new STP stuff to worry about.
Regards
I have a feeling it was SDI that vaporized
from a revenue standpoint. If Capstone had turned in such a poor showing as you postulate (less than $100K) for Jan-Mar, would they have given Mr. Wallach the keys to the castle in April?
I think the focus is off SDI, and I think OBS should be spun off to Howard, if he wants to play tile futures.
I was a little disappointed Howard wouldn't even characterize what kind of products will be sold in 3Q under the STP brand. I don't buy the "competitors might be watching" argument. I think they are a bit unsure which ones to develop and push, given finite resources.
If booklights are sagging, they need something hot and new to sell.
Regards
It looks like Bart Fisher finally
got around to filing those lost Form 4s we've been discussing:
http://www.sec.gov/cgi-bin/browse-edgar?company=china+direct+trading&CIK=&filenum=&State...
Regards
He did mention the Comfort line
briefly. A one liner, I think.
I'm sure Wallach's crew is busy. It was interesting to hear that new booklight products will be coming out. That's a positive, the current line is dated technology, and suffers in the market because of it, my opinion.
Regards
I would think the need for STP
resources is now: design, development, manufacturing and inventory build for 3Q. Once the revenues are flowing, it'll sorta pay its way.
Now that the A/S increase is on the table (the answer to the option question), I think they should go ahead and do it, get it out of the way. And use some of it to do the STP business development right. I think the stock would respond positively to that.
Regards
Is Mr. Ullman independently wealthy?
I was expecting more financing info besides "I'm financing it for now". CPS got flushed in part because of the heavy financing burden, right?
Where did/does he get his money?
He sure seems pumped about Mr. Wallach and his crew, though.
Regards
4 minutes to Show Time!
Good luck, DD. Your 150K buy yesterday looks pretty good at the moment.
Regards
I think maybe his question is where are the Form 4s
From the sales? Was/is he not required to file them within 2 days of the sale?
I don't understand it either.
Regards
Yes on both questions
Options and warrants are derivatives. Once they get exercised, they become direct holdings, as long as the resultant shares are not resold.
Yes, I think they need to do something to allow for the eventual exercise of the 135M options just granted to Wallach and McClinton. The easiest way would be to increase the A/S. They have the votes to do this, and I'm surprised they didn't slide it into the DEF 14C.
I also believe they need to raise some cash, to fund the STP rollout. I don't think the booklights are going to do it this year, not with the increased officer salary load, the relative poor showing in 1Q, and the small decline in revenue for Capstone in 2006 over 2005 (they shrank about 5% or so).
I think the tile business needs to be deep-sixed.
Maybe they'll touch on it all during the webcast.
Regards
Yes, the numbers need a good going over
CHDT is not alone though in making filings with glaring errors. It doesn't seem to get much SEC attention.
It should be a pretty easy thing for Wallach, Ullman, Fisher et al.
How many shares do you own? Have you sold any? Did you file your changes as required? Did you proofread your filing for mistakes?
Regards
Mr. Wallach should file a Form 4/A
to fix an error he has in his latest Form 4. He listed his non-derivative holdings in Table II, Item 9. They belong in Table I, I'd say.
Also, there still remains some discrepancy as to his direct non-derivative holdings. The Form 4 puts it at 14,274,942 shares, but the 10QSB has this passage:
In September, 2006 the Company issued an additional 236,739 shares of its series "B" preferred stock in connection with the acquisition of 100% of the voting interest of Capstone Industries, Inc. The shares were valued at $1,250,000.
During the three months ended March 31, 2007, 236,739 shares of the Company's series "B" preferred stock was converted into 15,624,774 shares of the Company's common stock.
Got anything from Ms. Cleo?
Or anything from the CowSaysMoo board on IFLOP? What does Mr. Johnson say? I don't know if I should trust WANG.
Date Exercisable means the date on which they become exercisable by Mr. Wallach. On and after that date (until 4/30/17) he can buy up to 107.4M shares of CHDT for the price of .029 per share.
At some point, they'll have to file an S8 I believe, to cover the required amount of shares. Since they don't have that many available, something is coming down the pike to change the A/S figure.
Regards
The 10Q that you've cited, of course
While the Company believes that Capstone will be able to generate sufficient cash flow to pay its direct overhead costs and internal planned growth in fiscal year 2007, OBS does not generate sufficient cash flow at this time to fund its operations or any business development efforts and marketing and sales efforts in fiscal year 2007.
...
Plan of Operations. The Company's plan of operations since the fourth quarter of Fiscal Year 2006 has been to focus on expanding Capstone's consumer products, including its private branding efforts, and OBS' building supplies business. The Company will devote its available resources and funding to the expansion of Capstone. Except for occasional short-term loans from Mr. Ullman and other members of management, China Direct's operating subsidiaries have to rely on revenues from operations to cover their overhead and expansion efforts.
The Company's current plan of operations is to focus on development of Capstone as its primary business and such an effort may include pursuit of and sale of Chinese-made products in North America under the Capstone name or under private brand names promoted by the Company.
Stewart finally got a round tuit
http://www.sec.gov/Archives/edgar/data/814926/000093980207000130/xslF345X02/form4wallach051507_ex.xm...
Could you summarize the tile sales
that resulted from the 2006 hurricane season? I think it's a stretch to cast CHDT as a hurricane play. The funding isn't there, and I think they'll be investing in Capstone developments to the detriment of OBS.
They've said as much.
Regards