headin' to Austin, TX
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What's l2 look like? I'm assuming we have some 6s above 59... But then what?
I just did an order of less than $500 at the ask and couldn't even get a full fill on it (75k shares out of a 90k order). This thing is thin.
It's been a tough ride, I'll confess. But I'm holding 11 mil and not selling until a much MUCH higher multiple of the current price. GLTA
This could be a nasty day for anyone banking short. bid shooting up to .0055 and no one biting. bid ask volumes very low. wow...
With exchange deadline at end of year, no conference call, and no financials, kind of seems like we may be in for a rough December.
It can be spun either way. On the one hand, no one is buying, which is concerning. But, you also have a number of long term holders (myself included) who have traceable shares but are not selling.
I don't have level two on my phone, but I'm assuming there are large sell orders set significantly higher than the current bid of .0065. Maybe someone eles can confirm.
I'd say, though, that the fact it's gone up, is holding, and we're continuing to the bid inch higher is a good sign for longs.
Pretty much exactly what fidelity told me verbally over the phone. However, I may email them as well to have it in writing. Glta!
.0061.....0062.....0065....Someone wants shares... It looks like no one's budging until .0079.
Sounds like it depends on your broker. Some seem to be frozen. I use fidelity and executed a sell on Monday just to test, and it went through.
Wow. Last tick .006. Bid .0065. Ask .0079. No one budging as of yet.
Just called Fidelity. No action need on your part if they are your broker and shares are and have been tradable.
Cheers!
Fair enough. My concern is that taking the opposite senario, gdhi not being profitable as expected, do they have the right to dillute the commons, " heck yes they do.". And aside from your claims, we have no reason to believe they will be. Furthermore, based on the actions of gdhi, we have very little reason to believe that they will think twice about diluting us, again.
If a family member of yours were investing in a stock based off of the projections pf information posted by someone on ihub, would you think they should buy based on that?
Again, not trying to throw mud, just saying that given the actions of the company in the past and the current "positive info" investors have right now, wouldn't it be wise to be prudent in putting money onto gdhi right now?
Phil. This is an honest objective question ( not trying to throw mud on gdhi) but how are you figuring the potential profit of a mil in January when the document released last week says the plan on breaking even in 8 months (June or July?)
I put in a small sell order just to test the waters and it filled. I'm using Fidelity.
Like it. Shoot for revenue and profit numbers, not store count.
That's exactly where I am
I'm using Fidelity and just to test the waters set up a sell order. Gave me a confirmation that the order was placed? This is the first time I've dealt with a Reverse Merger so I'm new to what I can and can't do currently. If that limit sell is hit in the next 30 days, will it sell or am I restricted?
note* these are shares I purchased a while ago under GDHI
...if the CEO wants his larger investors to be as positive as phil and Alyssa, then give us the attention you seem to selectively give them. Of course there is pleasing us!! Had this been a public statement to all investors, that would have been great. And you can still make it...
Still have not gotten a call or email back.
Um, after no conference calls, bottom of the barrel stock price and a once very vocal Frank going silent, yes. That's exactly what they should do.
Just left a phone message. Have written multiple emails. People on Facebook have been posting as well. Next time you call, record it and share please. You must have the magic touch.
And of course it's a contradiction. You're a shareholder and they are giving you a reason for the silence by saying they can't give a reason for the silence until everything's finalized.
That being said, you do have some valid points.
Regards.
Phil and Alyssa, I'm not trying to stir up anything. I just know a lot of us, myself included, have significant amounts of money at stake, we're pissed, and yall seem to be the only ones not.
The company told you they would communicate with shareholders until things are finalized? Isn't the fact that they are communicating with you a contradiction to that statement? And if that is true, it's not comforting. It's actually upsetting because that means they are choosing to ignore investors who have put just as much, if not more, capital than you have, yet, giving you insight that would drastically affect investing decisions.
Philcheese, allyssa, and others who seem to never have anything negative to say about gdhi, I have a question. What would it take for you to become bearish on this stock? What piece of news/statement/metric would cause you think twice about how great and exciting this company is? I am long right now as well, but I'll admit, it's because I'm stuck. I only ask because despite the lack of performance and communication, y'all always seem consistantly optimistic.
I'll call it now. Even if there is a conference call in the near future, we will never hear from Frank again. Questions like " what happened to the investor relations guy? How do you account for the volumes of shares sold into every piece of "news"? How many shares do you hold currently?" will never be answered. I can't imagine an answer to any of those that wouldn't outright anger investors. But hey, maybe I'm wrong and there are good answers to these questions. Better believe they will be Asked of given the chance.
Wow....
Was going back through some of GDHI's old facebook updates and came across this posted on April 23, 2010. Link below...
China Food Services Corp.
?*GDHI - A Pink Sheet Company With A Golden Future* Seldom through all the Pink Sheet reverse splits, dilution, "Pump and Dumps", bankruptcies, press releases full of promises that never take place, and crooks running away with investor's money, do you see a company that truly shines. GDHI appears to be a true diamond in the rough, and in the year 2010 the price per share will show it. From Pig Pennies
http://www.facebook.com/permalink.php?story_fbid=116345525056544&id=301981177684
Of course a google search of "pink pennies" brings up nothing.
Yup. Same boat, Baker. Not looking good. Franks/ cgi's silence is speaking volumes.
Just called TA again. After being on hold for a few minutes, I was told by a woman "sir, we have no information about the company at the moment.". Gag
I just called...and was told to call back after 12? (which i guess for them is in two hours)....kinda odd
http://www.its4logistics.com/why-choose-its/why-nevada/nevada-vs-california-tax-analysis
granted, this is only through 2009 and I am not a tax expert so I do not know what the current tax breaks for each state is....
but, this seems like a pretty good reason to incorporate in NV over CA, don't you think?
Please correct me if you think I'm incorrect. As you can see from my prior posts, I've been pretty back and forth with this company, but I see being incorporated in NV as a plus.
Thoughts?
I think you're right regarding needed audited financials. Myself along with three other friends of mine aren't making a move until we see solid numbers and proven revenues.
Well, that depends. If gdhi could move large quantities of beans and Mac and cheese at a greater profit than the wine, then I'd rather sell the beans and Mac and cheese. I hope this merger proves beneficial for shareholders, but let's not repeat history and focus on the wrong numbers again. We should have learned from last year that amount of stores means nothing if the company fails to sell enough of these products in those stores to maintain sustainable healthy profits. In the same manner, price of a good sold means nothing if cgi can not move enough of it in order to maintain sustainable healthy profits.
Good luck to all longs. Not trying to be down on the stock, but at this point, I think some skepticism is warranted around each corner here.
That's quite an opinion. Care to share what DD you've found to support that?
This is the best assessment of this stock that I have read on this board yet by MovedOn:
"The past dilution was to try and make a business work, and to this point, it hasn't....however, the recent merger shows some promise. CG obviously found value in what Frank's efforts have produced and yes, it required funding by us, now the stuckholders. As I said in a previous post, this is the make or break point. If nothing becomes of this new relationship, I'll be surprised, and it will take time and probably some more hurt. I consider my investment a done deal....meaning the money is spent and I'm OK with that. That's the penny game, don't play if you can't afford to lose it."
Lots of money has been lost here in the past year so be careful. That being said there seems to be a significant change/merger taking place. My concern with the merger is that very little is really known about the new company, and for the past year, all other "great news" has been followed by more shares being issued and/or a price decline. We will see...
If the company isn't dumping and it is an outside investor or one of the many other claims made here, wouldn't it make sense to release a statement or cc stating that you're aware of the share price and action and assure investors that this volume is not being done from within the company? At least make it appear like you give a...darn about the investors financing your company.
If it was a lie, that would be misleading the shareholders and illegal. That's the only reason I can fathom why we have not heard a word from frank or a gdhi representative regarding this embarrassing price movement down to the 1s 2s and 3s.
I will be on the next conference call, and will guarantee these questions get asked.
Friendly bet...
I'm betting Frank is a no show in the next cc. New CEO will take the phone so Frank won't have to answer:
1. Why did you hype news only to dump shares into any buying, and crippling the original investors' chance to regain a fraction of what they originally invested?
2. Remember investor relations guy? Either fire him or admit that was just plain bs.
If he does show, he better be ready to answer some tough questions. They're getting asked.
Wow, can we stickie this post for potential new comers. This is the most accurate and balanced assessment of this company I've heard made.
wrong. Accumulation wouldn't leave the bid all the way down to .0001. Accumulation would mean people are holding shares (hence the word accumulating) and demand is stronger than supply. When the bid drops from .0003 down to .0001 on nearly a 200 million share transaction, that is a dump. A huge seller. The opposite of accumulation.
Allllllright...how do you positively spin that dump?
Let's not forget the large amount of shares dumped a little over a month ago on the news of the intent to merge and the "merger update" We will see how this merger ends up effecting the company in the future, but don't let this news overshadow that there have been some very disturbing warning signs that have occurred since the last cc, and that this company WILL be asked about these in the next cc.