researching
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.
Yes, people should always keep quiet. Those darn whistleblowers that ruined Enron were so wrong. They ruined one of the top 10 companies in the world, with people ending up in jail and poor Kenny boy, dead. Global Crossing, Worldcom, Tyco, all should've been allowed to go on.
In fact, do you realize, that these off-balance sheet transactions that CSHD is engaged in are exactly what brought down Enron?
Pumping is okay, though, huh.
I know better, ;) !
That's a bit scary, really.
OT: Good to see you back. For a moment I thought you might have fled the coop. No lie, I actually checked the board to make sure you were still a mod! JJ and RonnieD split before so...
Are you travelling? Is your wife doing okay now? Hope all is well.
I'm not sure if you followed that "other stock" but it hit my target before and went up. I'm on the sidelines now but I think they'll be PR'ing something next week, that's just a guess. It's all momentum driven and it's dying down so I have a feeling that they'll do something soon. My new "target, fwiw", is $.09 - .14 if something materializes.
I'll guess, without deciphering since you're up in my neck of the woods and I know what we're like up "here"....108lbs, give or take? If not I'm SO SO SORRY...NEVER GUESS A WOMANS WEIGHT. IT'S ALWAYS A LOADED QUESTION AND IF YOU ANSWER WRONG, YOU'RE DAMNED FOR LIFE!!!!
Hey, I never typed capitals before! Felt good, lol
Lay off the guy, will ya? lol. I'm sure you had a "first post" somewhere in your past. Everyone does.
What about all the dozens of "new" posters that posted last Thursday as the stock climbed up? They all left now, right?
Try and cancel that request. It's meaningless. Even if you did get the certs for free, it'll end up impeding trading for you on it. There's no need to have paper certificates, regardless.
They set that price high for a reason. It's an administrative headache and no one wants to deal with it so they discourage people from doing it. Back in "the day", people did take certs from good companies and hold them, maybe even put them under a mattress for a few years. With the advent of electronic trading, it's not even an option really.
If you read through my posts, I only responded. I didn't bring it up as an item in a new post. They filed an extension. Whoopie. That was expected.
You can't sell your shares if you hold the certificate. Only a broker can sell your shares and if you hold them, there's a lag time regardless of whether the stock goes up or down or anything else.
It's like being stuck in the desert with no money and an ATM card but no ATM within 100 miles. You have the cash but what good does it do you right then and there? lol
Getting certs in your name basically locks you in to whatever happens. You'll be sidelined and watching instead of having any participation. Many companies use that ploy to lock in a percentage of people so they know what to do. Aside from the fact that you'll be charged a nice fee most of the time for those certs, it's an assinine thing to do on any stock. If you bought shares, you own them regardless.
Getting certs in your name basically locks you in to whatever happens. You'll be sidelined and watching instead of having any participation. Many companies use that ploy to lock in a percentage of people so they know what to do. Aside from the fact that you'll be charged a nice fee most of the time for those certs, it's an assinine thing to do on any stock. If you bought shares, you own them regardless.
Thanks. I'll make sure that Mr Gotti knows. Oops, he probably doesn't care now. lol
You're better than I am. After almost 100,000 posts on this board, it's hard to keep track of what's what!
Well, Jannie, some keep bringing it up. I think you even thought that Monday was the deadline, so I'm correcting it. If I'm mistaken, then sorry. Too many posts and too many posters to keep track of who said what.
I would just like to know where they got their suckers list, if you know what I mean. I'm sure some are from phone calls, emails, caller id on fake radio shows and nobo lists. But whomever compiled it was spot on. lol
Political Campaign Contributions from SUWANEE, GA 30024 in 2000
Election Years for SUWANEE, GA 30024 :
PATTON, ROBERT C PENN DAVIS MCFARLAND INC $2,000 05/27/1999 BUSH FOR PRESIDENT INC - Republican
And in his words, "retiring in 3 months". And in the same breath saying he owns no shares and doesn't benefit from the stock price fluctuations. lol
Ho hum, since it apparent that you just don't understand. The OTCBB is the one that add the "E" to denote a security that's delinquent on their filing obligations to the SEC. It's there as a flag to potential investors. The SEC doesn't have anything to do with that. Their filings were due on Thursday and they filed their extension on Friday. Obviously, they're as clueless as you are.
Sorry for the big words. I hope you can understand, given your limited capacity.
lol. Nope. It's not even an SEC thing. Educate yourself before coming across ignorant.
That's another red flag. They post the nobo's but the o/s is a secret now.
Again, were they not late in their filings? Or do you not know the difference?
Sure. At the time he was pushing bond securitization. Those logs had no place. Now Alexander picks up some new smoke and mirrors and wham, it's valid.
Granted. But I also remember him saying that FHAL was associated with "bad guys", so my opinion is the latter.
Didn't Rufus laugh at the log deal in the first mn1 interview and said it wasn't what it seemed? Now it's been transformed into something of value?
It's hard to figure out your key words since most of your posts don't make sense.
So you still think they were "on-time" with their filing? It was due on Thursday, they filed it on Friday. Well organized bunch, huh.
Not you, don't worry. lol. I sure can't delete posts. Hmmm, wonder who?
aka a mod. I can't delete posts. And it's "query", btw.
The interest is pass through. They receive it (since they're the trustee of the trust) and then pay it right back out again. It looks good on the books for a quarter though.
lmao. I have to laugh when people congratulate others for being wrong.
They filed the NT-10K. They were a day late so the alert kicked in, then they filed it. I'm sure it was deleted by a bozo pumper, btw.
Google the company. They have ties back to Georgia, go figure. The're now based in Texas. When they file their next 13, it'll most likely be gone.
Oh, I know. I said Rufus said the reset would come after the 10-K. You asked why people were waiting on the 10-K. And you're right. The 10-K is a point in time snapshot as of 06/30 so anything afterwards consists of an 8-K (which are material events between filings) and would show up on the 10-Q, not 10-K.
I think the excitement about the 10-K came from Rufus saying that the "reset" would happen as soon as it was filed. I didn't listen to subpennyradio or whatever he was on, but if he's saying 10-Q, then it's another month and a half away.
You just have to wonder if they're all "connected" somehow, lol. It's all so predictable.
The NOBO craze is like the excuse of the quarter. It started 3 years ago with naked shorting and it keeps expanding.
Thanks for SIGA btw.
As far as I can tell, it is accounted for according to GAAP. It's just most companies don't tout those encumbered (for lack of a better term) assets as true book value. You see, an asset has a value, much like your home has an asset value even if you've only made one payment on the mortgage. The mortgage, is the offsetting liability and any residual is your equity. If we look at it in terms of equity, CSHD has none. But like I said before, they also don't have the liability portion of that asset.
The bond assets are held in a special purpose entity (SPE), a fancy name for a trust. They're trustees of it. They don't own it. The SPE is an off-balance sheet transaction for the bond holder in that they assign their interests over to the trust. The trust, in turn, protects them from bankruptcy and other civil matters.
Going back to the home example, things work both ways. Your mortgage is a liability since it's owed to the lender. For the lender, your mortgage is an asset since it's a receivable owed to them by you.
It's hard to find examples unless you compare apples to apples in the same market. A brokerage or management company will book your holdings as an asset (aka "asset under management") but also book it as a liability since they don't own it, you do, and has to be paid out. So you can look at the books of a company with billions of assets but also see the offsetting liabilities. The difference between the two is the actual book value. To confuse matters even more, book value is nebulous in that some companies (for example software companies) may have little in terms of tangible assets but have intangible (intellectual capital) that far exceeds book value.
I own a software company and our assets consist mainly of hardware investments. The intellectual capital and patent have some worth, but it's hard to value and that value changes constantly.
Question: I read through this board every now and then and someone reminded me that Megas has spoken of a reverse merger before. It's been so long I hardly remember, lol.
My thoughts on BCIT is that Megas has been working to clean the shell up for some time. He's never commenced any real business with it over the past year and not having trading stock doesn't really stop someone from doing business.
As I posted before and was bashed, I'll ask in terms of a question. Do people feel that the reverse merger is in fact the sale of BCIT to a private, non-affiliated entity (shell market) and that's the reason for the clean-up and non-activity? Megas will hold shares as payment for the shell and walk away, letting the new entity take over, restructure the stock and issue a new symbol?
tia
Yes, the bond is the asset. An ABS (asset backed security) is derived from it through securitization, which hasn't been done. The interest (coupon) is credited as income (receivable) and the face amount is credited as an asset.
Where it gets tricky is that the asset (face amount) doesn't have an offsetting liability. That's because they're not liable to pay the face amount out. Their liability is to pay the interest. If you check the 3/30 financials against the 6/30 financials, you'll see the decrease in receivable for an interest payment.
The confusion here is on book value. Yes, book value is derived from assets but in this case, the assets don't belong to CSHD. That's why they set up trusts to "manage" the asset which belongs to someone else. Book value is also known as break-up value, meaning that if the company shut down right this moment and liquidated their assets, each share would be worth at least book value. But you can't liquidate what you don't own.
There's a lot to it but most of it is accounting.
Simply, a bond is a debt instrument used to secure funds for certain reasons. They pay an interest rate (coupon) since you're in essence "lending" them money. They promise to repay the loan at the maturity date. Bonds usually trade in $1000 denominations but those amounts fluctuate. As the price rises or falls, so does the interest rate.
There's a lot more to them. Zero coupons don't pay interest but in a lump, municipals may be tax free, junk grades are speculative, treasuries are guaranteed, etc.