CSKH - waiting for the sun to shine
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very interesting chart
but what happened to our volume the last couple of days?
06/10/11 0.0230 0.0255 0.0230 0.0255 1,800 0
06/09/11 0.0255 0.0255 0.0255 0.0255 5,000 0
06/08/11 0.0250 0.0260 0.0230 0.0255 149,300 0
06/07/11 0.0277 0.0277 0.0245 0.0250 323,000 0
06/06/11 0.0220 0.0260 0.0220 0.0231 186,900 0
06/03/11 0.0240 0.0245 0.0240 0.0245 73,100 0
06/02/11 0.0255 0.0260 0.0246 0.0246 205,000 0
06/01/11 0.0260 0.0260 0.0250 0.0260 469,500 0
05/31/11 0.0255 0.0270 0.0240 0.0250 425,800 0
05/30/11 0.0255 0.0255 0.0255 0.0255 0 0
Hovnanian Paints Weak Picture for Homebuilder ETFs
June 8th at 6:44am by Tom Lydon
Hovnanian (NYSE: HOV) reported quarterly earnings late Tuesday, painting a dismal outlook for homebuilder shares and exchange traded funds.
The builder lost 69 cents per share, more than analysts were expecting. Wall Street was anticipating a 51 cent loss per share.
A 17% drop in new home orders was the backdrop to Hovnanian’s deliveries sinking 19% after Tuesday’s closing bell. Alex Veiga for Forbes reports that Ara Hovnanian, the builder’s chief executive, wrote the Spring selling season off as a dud, however, net contracts for new homes were up 28% in May from the previous year.
“In a typical bubble, the last stage is when market participants reach a state of despair. We think that seems a fairly good description of current views on housing. Foreclosures and home prices are the most common topics of despair; however, we find typical concerns to be overstated. The foreclosure pipeline has been shrinking for over a year, and now even later pipeline stages are falling,” says a Deutsche Bank analyst on the housing market.
“As long as job growth continues to organically boost demand, we think housing volumes and pricing will again show positive trends in spite of housing’s headwinds,” says the analyst. [Homebuilder ETFs Higher on Sales Report.]
Hovnanian is anticipating an improved fiscal situation fort he second half of 2011. The loss of the first-time homebuyers credit and weak jobs market have affected homebuilders and the real estate market across the board.
SPDR S&P Homebuilders ETF (NYSEArca: XHB) dropped 0.5% on Tuesday, and lost 4% over the past 10 days. iShares Dow Jones US Home Construction Index Fund (NYSEArca: ITB) fell 0.8% Tuesday, after trending down 3.5% over the past 10 days. [Housing ETFs Gain on Toll Brothers.]
http://www.etftrends.com/2011/06/hovnanian-paints-weak-picture-for-homebuilder-etfs/
Pulte-Centex Create Major Homebuilder Merger (PHM, CTX, XHB)
Posted: April 8, 2009 at 5:16 am
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Pulte Homes, Inc. (NYSE: PHM) is acquiring Centex Corporation (NYSE: CTX) in a stock-for-stock transaction valued at $3.1 billion, including $1.8 billion of net debt. The deal has been unanimously approved by both boards of directors. This is a deal which came out of nowhere, at least as far as the speculation game would have indicated. Centex common holders will receive 0.975 shares of Pulte common stock for each share, and as April 7, 2009 the transaction has a value of $10.50 per Centex share. This represents a pre-dilution premium of 32.6% to the 20-day volume weighted average trading price of Centex’s shares.
The combined company will have the strongest liquidity position among its peer group with more than $3.4 billion of cash as of March 31, 2009. Pulte and Centex ended March with approximately $1.7 billion of cash each. In 2008, Pulte and Centex delivered more than 39,000 closings with combined pro forma revenues of $11.6 billion.
The combined company currently would have an equity market capitalization of $4.1 billion and an enterprise value of $7.2 billion. Pulte shareholders will own approximately 68% of the combined company.
The companies expect to retire in excess of 41 billion in debt, and expect to save $350 million per year in efficiencies.
Centex is indicated over $8.00 after a $7.62 close; 52-week range is $4.91 to $26.09. Pulte is indicated around $10.00 after a $10.77 close; its 452-week range is $6.49 to $17.32. We will likely see some activity early on in the SPDR S&P Hombuilder (NYSE: XHB) ETF.
Depending upon where these two close and depending on how the other stocks react in the sector, this will be the largest US homebuilder by market cap. Desperate times calls for desperate measures.
Read more: Pulte-Centex Create Major Homebuilder Merger (PHM, CTX, XHB) - 24/7 Wall St. http://247wallst.com/2009/04/08/pulte-centex-create-major-homebuilder-merger-phm-ctx/#ixzz1OoDLVp6M
CSKH on sale at .0255
I'd use the outstanding instead of the authorized. Anyway, potentiallydangerous recently made a good number case for .12, see... #msg-63533727
Great timing on your part!
Now investors have to worry about the SEC wiping them out too. On the plus side shyster dilution companies will be flushed down the toilet. This will have the effect of increasing the investor pool in the remaining companies. (Lord knows we could use a little more volume around here).
If CSKH is one of the last penny stocks you plan on holding I hope it makes you some good coin. If so, there are a few of us here that will make some good coin right along with you!
That was a nice a run to .05, too bad a I forgot to sell, lol.
Looks like the ceo his regaining his confidence...
"...Forecasting future sales has proven difficult with our old model but with our new model running well, we look forward to discussing Q3 & Q4 2011...."
So we've just had three round trips to a nickel. That's like flipping a coin and having it come up tails three times in a row. Will we clearly break past .05 on this next flip? The odds say heads!
just book that cool $8.1M and lets roll!
Not much sizzle today with the volume only reaching 323k. Maybe one day a light bulb will go off in Ezra's head that he should release his PR's at 9am (instead of 6am) like every other company does.
But the TA is gagged by Matt not to give us the actual Outstanding share count.
How convenient for Matt for the DTC to want CBAI to reverse split its company's stock since the outrageous OS was already maxed out at 6.8 billion
I'm finding it hard to swallow that one.
Tangiers doesn't care how low the pps goes, they just get more shares.
There are certain risks related to sales by Tangiers, including:
The outstanding shares will be issued based on a discount to the market rate. As a result, the lower
the stock price is around the time Tangiers is issued shares, the greater chance that Tangiers gets
more shares. This could result in substantial dilution to the interests of other holders of
common stock.
To the extent Tangiers sells our common stock, our common stock price may decrease due to the
additional shares in the market. This could allow Tangiers to sell greater amounts of common
stock, the sales of which would further depress the stock price.
The significant downward pressure on the price of our common stock as Tangiers sells material
amounts of our common stock could encourage short sales by Tangiers or others. This could
place further downward pressure on the price of our common stock.
Just another way for investors to loose money, having the SEC kill a stock people are invested in. From reading the below quotes I don't think any penny stock is immune from a possible SEC suspension.
"...They may be called penny stocks, but victims of microcap fraud can suffer devastating losses," said Robert Khuzami, director of the SEC's division of enforcement. "The SEC's new Microcap Fraud Working Group is targeting the insiders and promoters, as well as the transfer agents, attorneys, auditors, broker-dealers, and other gatekeepers who flourish in the shadows of this less-than-transparent market..."
"...The SEC said stock-touting websites, twitter users and often anonymous individuals posting to message boards have influenced the investment decisions of the public, which often doesn't have adequate information about the securities..."
The SEC suspended 17 penny stocks today.
http://ih.advfn.com/p.php?pid=nmona&article=47977305
"...They may be called penny stocks, but victims of microcap fraud can suffer devastating losses," said Robert Khuzami, director of the SEC's division of enforcement. "The SEC's new Microcap Fraud Working Group is targeting the insiders and promoters, as well as the transfer agents, attorneys, auditors, broker-dealers, and other gatekeepers who flourish in the shadows of this less-than-transparent market..."
"...The SEC said stock-touting websites, twitter users and often anonymous individuals posting to message boards have influenced the investment decisions of the public, which often doesn't have adequate information about the securities..."
Nice! and my favorite part is...
"...Although having a sales backlog is important, we need to execute on these projects in order to regain shareholder confidence and that is happening now...."
I think they'll do it as all these jobs, totaling $8M so far this year, are not all from the same source.
Lets see how the market takes this news
that sounds good.
but why would they just register $20.6M shares for Tangiers on 6/01/11?
The following is from the 3/21/11 8-k
b. Liquidated Damages Agreement with Tangiers Capital, LLC.
On January 19, 2011, the Company entered into a separate settlement and liquidated damages agreement (the “Agreement”), with Tangiers Capital, LLC (“Tangiers), one of the Company’s existing investment bankers who has been purchasing from time to time registered shares of the Company’s Common Stock for cash. Execution of the Agreement became necessary because under the existing agreement with Tangiers, the Company was obligated to deliver registered shares which could be “immediately” placed into the Automated System for Deposits and Withdrawals of Securities (know as “DWAC”), and at present the DWAC system is not available for newly issued registered shares of the Company.
The Agreement provides that as Liquidated Damages, the Company will remit a specified sum (the “Penalty Sum”) to Tangiers on each share the investor has previously purchased and currently holds, and on each share purchased Tangiers for cash in the future, until such time as the shares held by Tangiers can again be deposited into the DWAC system.
--------------
There are certain risks related to sales by Tangiers, including:
The outstanding shares will be issued based on a discount to the market rate. As a result, the lower the stock price is around the time Tangiers is issued shares, the greater chance that Tangiers gets more shares. This could result in substantial dilution to the interests of other holders of common stock.
To the extent Tangiers sells our common stock, our common stock price may decrease due to the additional shares in the market. This could allow Tangiers to sell greater amounts of common stock, the sales of which would further depress the stock price.
The significant downward pressure on the price of our common stock as Tangiers sells material amounts of our common stock could encourage short sales by Tangiers or others. This could place further downward pressure on the price of our common stock.
you old timer you!
.03 next week?
hard to say weather this stock will breakout to the upside or get flushed down the toilet.
That 95k buy was to lower my average. I hope it wasn't good money after bad. All these penny plays are high risks. Dilution makes them all uphill battles. Penny companies can have explosive moves so that's why we're play them - to make a killing.
How much you bet on anyone play has to be your decision.
Good luck to us longs. Hopefully the company will truly execute in 2011. Only execution will move this stock now, forward looking statements have a very poor track record here I'm sorry to say.
since Jan 2010
my avg is .0485
This has to be the most boring investment
There will never be any excitement around here unless the pps is alowed to move up. Watching L-II,
getting to .03 seems to be as hard as climbing Mt. Everest. Sellers are not hitting the bid
because they don't have toxic shares to unload. But there appears to be a heavy logjam between .026
and .028. ARCA throws up a 1M block daily. Now MAXM and SUNR are near the best offers yet far from
the best bid. Not to mention the ever present NITE who generally maintains the best offer with UBSS
not far behind. Today I saw AUTO offering at .025, another retail investor trying to throw in the
towel. Seems this stock is infested with sellers!
4 PR's in May, one a week, had zero effect on the pps. What effect will the next PR have?
Probably nil as well unless its a blockbuster. Very frustrating. One of these big sellers needs
to do an awareness campaign to remove this log jam.
05/26/2011 6:00AM CSS Adds Several Additional Contracts
05/17/2011 6:00AM Clear Skies Backlog Grows
05/11/2011 6:00AM Clear Skies Sign 162 KW Contract
05/04/2011 6:00AM Clear Skies Solar Receives Patent
your chart shows the pps is trying awful hard to move up, hanging tough the last couple of months. At some point this will break to upside, thats my thinking and why I added the other day.
yup, didn't take long, back to the trough
20.6M shares at .27 to Tangiers for a cool $5.5M
S1 filed today to register the newly minted shares for sale.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001354488-11-001779.txt&FilePath=\2011\06\01\&CoName=CORD+BLOOD+AMERICA%2C+INC.&FormType=S-1&RcvdDate=6%2F1%2F2011&pdf=
"Chill" be dammed, lol.
when shares need to be sold I'll wager a PR will appear.
After all shareholders will be asked to pay the TIB loan...
Loan Payable - TIB -300,000.00
I wonder why the Attorney Letter with Respect to Current Information (May 24, 2011) didn't give a current OS?
"...The Company states (lol) that on January 11, 2011,
1,756,736 shares are issued and outstanding..."
This baby is primed to go, all we need is some pressure on the ask.
(pardon my pumping, lol)
and not a single trade today, volume: 0
very close to your entry target now!
NITE filled my 95k buy
If there we're only 5 more decent ask whacks maybe we could move the needle here.
.026 is downright cheap, ($7M in "closed" sales)
.041 has only 2 MM's in front of it. I'm thinking CSKH's pps will move this week, we've consolidated long enough!
I'll give it a push with a 95k ask whack, any helpers?
MAXM on the best bid, with no offer
whats up with that?
ARCA is getting desperate, offering .025
bingo, and who are the large block sellers in OTC stock, convertible note sellers.
The Finra list shows the daily dilution in a given stock
http://regsho.finra.org/FORFshvol20110527.txt
my opinion. I'd like to hear others.
you have to admit how many companies do you know that diluted that much, 40M to 6,815M - there should be a law protecting shareholders from this excessive abuse.
I think there is a law limiting how much can be sold as a percentage of the (10day avg) daily volume. Maybe they broke that law who knows. I'll wager it has to do with shares entering the market that shouldn't have. Shares that were restricted being sold is another possibility.
This is what another company got from the DDTC. The DDTC will not talk to the company itself!
“In cases where DTC places a restriction on services due to legal and regulatory concerns regarding the freely transferable status of shares held in our nominee name of XXXX & Co, DTCC will consider requests for reinstatement of services. Given that DTCC performs back office processes on behalf of its bank and broker dealer Participants, we will consider a review for reinstatement of services provided that request originates from a DTCC Participant. To date, no DTCC Participant has contacted us requesting reinstatement of services for xxxxx xxxxxx. A list of our Participants is available on our web site”
http://www.dtcc.com/downloads/membership/directories/dtc/alpha.pdf
The sun is shining brightly, but not for CSKH's stock
Arrggghhh, ARCA is looking to dump a million shares at .0289
It must have been him with that tape painting measly 9k print at .029 at the open.
We don't even do 1M volume on daily basis. What the hell is he thinking, that yesterdays news will bring a plethora of buyers today?
Looks like we're going to be stuck in this range for sometime to come.
Is that EZRA selling his .025 options?
maybe the deposit when into an escrow account until the job was completed. That why EZRA can't take the money and run.
yup, good to see you still following.
The way he worded today's PR - He's realizing his recent "glowing" PR's are having next to nil results. All because peeps are not going to believe his forward looking statements any more. Hence the term "closed", lol.
I'm gambling his telling the truth this time by adding to my pile at this cheap pps
yup, there you have it. NITE gave me a small 5k partial and threw me on the bid for support. - we're going higher.
AUTO bidding 950 (95k) (thats me, lol)