Empire Building 101
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It ws filed yesterday after the close. Exactly what was changed from the filing on Friday? TIA
Amendment filed. Did not go into detail as to why.
http://ih.advfn.com/p.php?pid=nmona&article=47596840
Cherish Adams files to sell another 2.2 Mil shares. I view this as a positive as she only holds 3 Mil after this. After all she is no longer with CMSI.OB
http://ih.advfn.com/p.php?pid=nmona&article=47573689
Excellent. My understanding this is one of a very few that is actually legitimate. At what point is this no longer a buy?
I started a small position today (1K) and will buy more after doing some more DD.
I have heard many say the ground research has proven the legitimacy as things are as we have been told. Sure hope this is correct as I can't take to many more hits on these RTO's.
Good I'm in. With good earnings Monday this could easily run to $6 IMO.
Yahoo. What are the correct numbers?
Could some explain the o/s? It says the O/S is 16 Mil yet the float is 175.49 MIl. TIA
Trading Information
Stock Price History
Beta: 0.18
52-Week Change3: -35.00%
S&P500 52-Week Change3: 18.34%
52-Week High (Nov 4, 2010)3: 10.10
52-Week Low (Apr 13, 2011)3: 3.96
50-Day Moving Average3: 5.57
200-Day Moving Average3: 7.08
Share Statistics
Avg Vol (3 month)3: 69,953
Avg Vol (10 day)3: 42,689
Shares Outstanding5: 16.46M
Float: 175.49M
% Held by Insiders1: N/A
% Held by Institutions1: 29.60%
Shares Short (as of Apr 15, 2011)3: 30.98K
Short Ratio (as of Apr 15, 2011)3: 0.30
Short % of Float (as of Apr 15, 2011)3: 0.30%
Shares Short (prior month)3: 36.76K
What is the better the warrants or common stock pertaining to CCCL? I'm thinking the warrants....anybody
Goin buy another 47850 again. I am very optimistic regardless of the past!
Here is all the filings since Jan. 2010
Apr 26, 2011 FRIEDMAN MICHELE
Beneficial Owner (10% or more) 2,179,000 Indirect Sale at $0.01 per share. 21,790
Apr 18, 2011 FRIEDMAN MICHELE
Officer 150,000 Direct Sale at $0.01 per share. 1,500
Mar 22, 2011 FRIEDMAN MICHELE
Beneficial Owner (10% or more) 515,897 Direct Sale at $0.01 per share. 5,158
Mar 10, 2011 ADAMS CHERISH ANN
Officer 147,750 Direct Sale at $0.01 per share. 1,477
Mar 9, 2011 ADAMS CHERISH ANN
Officer 212,250 Direct Sale at $0.01 per share. 2,122
Mar 8, 2011 ADAMS CHERISH ANN
Officer 40,000 Direct Sale at $0.01 per share. 400
Mar 7, 2011 ADAMS CHERISH ANN
Officer 311,500 Direct Sale at $0.01 per share. 3,115
Feb 22, 2011 ADAMS CHERISH ANN
Officer 500,000 Direct Sale at $0.01 per share. 5,000
Feb 18, 2011 ADAMS CHERISH ANN
Officer 500,000 Direct Sale at $0.01 per share. 5,000
Nov 16, 2010 FRIEDMAN MICHELE
Beneficial Owner (10% or more) 200,000 Direct Sale at $0.02 per share. 4,000
Oct 29, 2010 FRIEDMAN MICHELE
Beneficial Owner (10% or more) 672,500 Direct Sale at $0.02 per share. 13,450
Oct 21, 2010 FRIEDMAN MICHELE
Beneficial Owner (10% or more) 811,171 Direct Sale at $0.03 per share. 24,335
Oct 19, 2010 ADAMS CHERISH ANN
Officer 100,000 Direct Sale at $0.03 per share. 3,000
Sep 1, 2010 ADAMS CHERISH ANN
Officer 35,000 Direct Sale at $0.03 per share. 1,050
Jun 4, 2010 GOTSHALK KYLE
Director 50,000 Direct Sale at $0.05 per share. 2,500
Jun 3, 2010 GOTSHALK KYLE
Director 15,000 Direct Sale at $0.60 - $0.65 per share. 9,3752
May 14, 2010 ADAMS CHERISH ANN
Officer 30,000 Direct Sale at $0.95 - $1 per share. 29,0002
May 13, 2010 ADAMS CHERISH ANN
Officer 20,000 Direct Sale at $0.64 per share. 12,800
May 12, 2010 GOTSHALK KYLE
Officer 110,000 Direct Sale at $0.56 per share. 61,600
May 12, 2010 ADAMS CHERISH ANN
Officer 20,000 Direct Sale at $0.22 per share. 4,400
Data provided by EDGAR Online
I will state again there has been 11 form 4's filed in the last 7 months months. 2/3 people filing are no longer with the company as of today. What insiders do have is a very huge impact on the company S/P period. When they sell near the lowest S.P. in the last 12 months is NOT a positve. However, cleaning the henhouse is!
"You are talking about 2mill shares over several months." This was her last filing on 4/29/11 which can NOT be sold until they file the Form 4. These shares were NOT sold until last week.
Again their was 11 Form 4's filed between his wife and the Adams lady in the last 7 months. Look at the filings for cryout loud.
Agaiin you can NOT sell these shares until the FORM has been filed especially someone who has a 10% stake.
While it may appear I'm bashing I am not as I believe the actions Michael has taken will bare fruit very soon.
agree...just be consistant. Just bought another 45k @ .0195
I bought another 150k @.019 today as I believe the changes today are very positive. It appears a house cleaning was done and obviously very thorough.
Amazing how some people are O.T. and deleted while others aren't.
While it is only a hunch why would you sell 2 million shares at .01 with everything going on. Exactly where did these meetings take place? This guy has had a very successful business life and it makes absolutely no sense to sell. Obviously with all these form 4's being filed and sold with Michael being the beneficiary with the 13D's filed something is not exactly fairytale. With the changes made today I believe Michael was very disappointed in the direction and the speed it was going thus he got involved again until he found someone he thought was competent. I believe he also plans on stepping down. My guess is that will be the next PR with the shareholdere letter. Here is a link with all the selling.
http://www.nasdaq.com/asp/quotes_sec.asp?symbol=CMSI&symbol=TCPI&selected=CMSI
IMO, Arizona is going to be the template for all states. With that in mind AMNG.PK will become a go to state as many states adopt. What has happened in California has thrown a monkey wrench into the whole process. For anyone who does not know the average age of a MMJ patient is 22 years old. Obviously any Tom,Dick, and Harry can get this card. Unfortunately this has caused heated debate and in retrospect deservedly so. While I believe it is Colorado or Arizona has an average age of 51 years old. So obviously one state is playing by the rules and others are merely substituting it for full legalization.
Hopefully with Illinois possibly on board we will see a change in policy from the administration. What puzzles me is the high percentage of people in Illinois for medical marijuana per a poll yet our elected officials are not representing the people such as Washington.
But then again maaybe our drug companies are lobbying heavily against as they have a real vested interest.
The politician that took money from NORML and then voted against it should be fully exposed for what he is....a lying deceitful money grubbing crook. By taking this money wasn't some type of oath implied...impeach the crooks!
How can anyone dispute the NCI report?
Totally agree. I believe this will eventually become protocol and more states will adopt. IMO, we will see .02 either today or Monday.
I'm in also.
OT-Good luck guys/gals
Except for a few shares of srry.pk & JADA.PK I'm pretty much cleared out of the chinese microcaps.
Been buying into the hype of the medical marijuana stocks all being start-ups. Here is one that has went up 700% in one month. The symbol is amng.pk which is very risky. Another is cmsi.ob which also is very risky. cmsi.ob will be issuing a shareholders letter to be followed by several PR's. Both companies are below .05 a share with some huge plans. The sector is hot and after the ckgt.ob fiasco...Oh it looks like ckgt.ob filed the S-1....and no longer trustworthy.
Good Luk to All,
Steven
I did as it was a mistake. Very high on this emerging industry(LOL)!
Just got a responce back from Michael. Not only will we be getting a shareholder update from the company but several PR's are forthcoming. Here it is and as I said I believe we are going much higher.
"Thank you for your email and interest as a shareholder of Cannabis Medical Solutions Inc. (OTCBB:CMSI). We will be sending a letter to shareholders over the very near term, and several news releases to update our shareholders regarding new business, and market sector related information.
"As far as a new research report. The sector for medical marijuana is obviously very new, with limited companies to compare to in our industry, and often difficult to get real Wall Street coverage from an analyst for our emerging sector. However, I do agree with you that we are in the right place at the right time, and the only real company in this sector with revenues, a plan, and tying our business strategy to payment solutions and biometrics, which is key for legislation to move forward in additional states.
I believe the information released over the next few weeks will instill greater confidence for our shareholders, or you may speak to someone handling our investor relations at the office contact below should you have further questions. Thank you again for your inquiry"
From my understanding we will go much higher than many expect. Can hardly wait for the update.
Healthy shakeout. Now let's go higher.
Are we going higher today?
My guess we are going to consolidate between .0275-.035 until news comes...any thoughts or comments welcome.
Any close over .03 is good but surely .032 is even better!
On that day(volume 40 Mil+) I would be a seller of 1/2 my holdings with the intention of buying back on the dip unless it was news related.
Providing volume does NOT go above 25Mil the run continues tommorrow. My expectation is we close around .031-.033 which would let the daytraders out today and even possibly right at .03 and coming back tommorow on a small dip or possibly pushing it higher. The daytraders are not the enenmy here.
Volume is excellent today. We do NOT want blow up volume(30+Mil) as that would indicate a top for the near future without news.
The volume today indicates we will continue higher.
Today we blast through .03 My belief is we close at .0356
Guesses for todays close nd volume.
Volume 30+Mil
Dont know but today could be the day $2 is broken. You have o admit the guy mkes some very good points.
Reminds me of CCME.
Now that I have cleansed my portfolio of ckgt.ob and took a huge loss where do I go from here?
I now believe the opportunities are so slim within our space it is time to move on.
This certainly was not enough to convince me. Most of the selling today was me as I don't believe it for one minute. I now have less than 40K left and have no intention of getting back. The CEO had the Book Value wrong as he stated it was $2.13 when in fact it was only $2.03 Again this is unraveling much quicker than I thought. I thought we would get a nice bump on Q1. My guess is the next news is a new auditor.
They have already sold them shares. They were sold immediately. Look at the PR's in Dec. those shares are long gone and they got more than .79 share. Admittedly, I was very optimistic but why would you need money at these prices? Claiming you have $2.6 Mil in cash and $7.4 in A/R. Absurd and they have no real reason for the money. Here is the balance sheet tale a good look. Look at the liabilities. They don't even give a reason other than the same old generic garb "We plan to use the proceeds from this new raise to enhance our financial liquidity and for other corporate matters that we believe will be beneficial to our shareholders.”
http://finance.yahoo.com/q/bs?s=CKGT.OB+Balance+Sheet&annual
IMO, the balance sheet looks awesome other than high receivables.
Here is the 8K. They will get less for these 3.0 mil shares total than they did from the 1 mil at .79 The only good thing is they have to file another 8k if they decide to do more than 3 mil. Right now it at 35 cents a share with a 15% discount is around .30 a share plus costs and we get .27 a share. So we are going to get $800K for 3 Mil shares. Here is the 8k please read it and then tell me why you think everything is going to turn out alright.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001204459%2D11%2D001080%2Etxt&FilePath=%5C2011%5C04%5C19%5C&CoName=CHINA+KANGTAI+CACTUS+BIO%2DTECH%2C+INC%2E&FormType=8%2DK&RcvdDate=4%2F19%2F2011&pdf=
Anyone who hasn't read the 8K I would strongly urge to read before contemplating any purchase here. They are desperate and will do any deal to get money on any terms.
My guess is we will be trading around .25 rather soon.
Again, I wonder if they ever paid for patents. They were probably already broke and in the need of cash. However, knowing they told everybody of all this money what better way than to fabricate the story of patent purchase. Now you need cash....bullshit and I believe they just did a better job of covering it.
IMO, they are crooks. They will get what they have coming and believe me justice will prevail just maybe not in a court of law.
Wait until the stock is worth nothing. At that point the company won't be worth much more. Gravy train is over.
It will be very intersting to see what the SAIC filings show when filed for 2010 in June.
Why would you need money with this kind of B.S. There is no reason possibly feasible that would lead to any other conclusion than fraud. Can hardly wait for the managements next PR and surely we will see one IMO, sooner than later. Again here is yearend B.S. liabilities:
Total Cash (mrq): 2.63M
Total Cash Per Share (mrq): 0.12
Total Debt (mrq): 968.20K
Total Debt/Equity (mrq): 2.14
Current Ratio (mrq): 4.12
Book Value Per Share (mrq): 2.03
Total Current Liabilities 2,774 1,991 1,774
Long Term Debt - - -
Other Liabilities 521 5,058 -
Deferred Long Term Liability Charges - - -
Minority Interest - - -
Negative Goodwill
After reading the 8k it sounds like ckgt.ob is extremely desperate for money. They really have no rights to cancel under any circumstances. Lots of good protection for Kodiak under almost any situation with fines and penalties to boot.
Surely we will be hearing more very soon.
It sounds like Uncle Vinney is at the door demanding money and ckgt.ob has absolutely no bargaining power.Smells very bad...
The only thing I don't understand is how they have balls to do try something in lieu of what is happening within our space...this really takes some balls IMO!
My responce to Amy was responded by Frank is being forwarded to management. It was not kind. If I get a responce from the CEO I will update.
I made it very clear and did not hold back from Seaside right up to this deal. Trully pathetic to think they would sell shares at these levels.
They talk about shareholders in every PR but not one shread of evidense from Seaside until now have had sharholders interest.
After this deal anybody who buys any offerings from CGS are entire idiots especially if they have any expectations of a l-term investment. Possibly a trade and that is highly speculative at this point IMO.
I agree if the bottomline goes up it can be a good thing. Here is the dilution for last year alone. I believe their dilution is 100% in the last 3 years or very close. Don't really care as I have no interest in any Chinese stocks currently.
Weighted Average Common Shares Outstanding:
Basic 95,315,824 83,334,315
Diluted 114,084,066 83,334,315
What are the chances Hawk Associates know more than they are telling? Afterall, their colleague returned over a week ago and supposedly were going to bring back pictures.
This colleague was over their for over 30 days and was only able to spend a couple of hours with management. I was told they had other companies to visit.
Had they been holding shares this gave them the opportune chance to unload the few shares they held.
Think about this Hawk Associates has about 10 clients. They spend thousands of dollars to send someone to China and they spend 3 friggin hours with 3 pictures that did not develope correctly.
While I have over $175K in this pig I hope it goes to Zero and management gets nothing out of this offering. I know thats not goin happen but I'm sick and tired of these friggin Chinese crooks. First they infringe on American patents(theft) and now they steal our money with no repercussions.
Wake up America. No deals with China until these crooks are jailed.
If I'm not mistaken these clowns at LPH are the worst. They make ckgt.ob dilution a non-event. It seems almost everytime they do a PR they need more money.
IMO, they print shares like the FED prints money! Of course they always have a very good reason either general corporate needs or yet another acquisition.