is Loving China.. considering learning Mandarian
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CNOA out $.84, nice trade.. will sit on the sidelines for now.
10,000 block.. wow bid still two deep.
The old OTC adage "Buy the rumor, sell on the news" is pretty much the same with the China small caps I have noticed. Nice thing about them though is they bounce providing a double trading opportunities.
CNOA, those $.72's looking good so far
Been looking really good. Support at $.80 has been holding strong for days now. We have had two MM's sitting there for over a week now.
I agree, we just need some volume at the ask and $1 is a gimme.
Congrats, hope your taking profits.
Doesn't matter, valuation is what it is. Has nothing to do with the size of the O/S. I don't bet my money on "what if's" your welcome too though.
Market cap of $7.2M
Last 10Q
Total Stockholders Equity $1.3M
Net Operating Income $363,046
Fully diluted EPS for 6 months ended $.01
Stock is overvalued big time amongst its peers. If you can't see that then I can't help you. It is NOT the awesome deal folks on this board are making it out to be. You might be able to attract some momo players, or the tout sheets might be able to attract some novices.. but your not going to attract investors.
It is your money, do with it what you please. If you disagree with my opinions.. then we shall agree to disagree about CEDT.
I wouldn't over think it, my guess is some larger funds are selling ahead of holidays and tax loss season hoping for cheaper re-entry.
You Familiar with SEC 17B?
I'm fully disclosed, are you?
SECURITIES ACT OF 1933, SEC 17b
(b) It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
SNBP to risky for me. The big gap makes me nervous, but doesn't mean there is not substance behind it. I'm just a bit more conservative.
OTC Pharma companies usually have some form of toxic or convertible debt that makes me nervous.
Agree, I was a promoter once and can smell them a mile away. We've worked hard to keep this board clean and I am not going to put up with that toxic garbage.
If they keep posting it here.. maybe we should pay their board a visit in force and provide them with valuable DD from the SEC filings.
pump up the volume, pump up the volume, dance, dance!
Gotta love the ihub pump on a toxic stock.
CEDT WARNING TOTAL POS
TOXIC FINANCING
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43586084
Please quit pumping that garbage on this board.
CDBT yeah that one turned out to be a turd lol
CNOA in @ $.72 for bounce.
Wow! I just woke up.. what a nasty drop on CNOA! Guess I need to see what happened lol..
btw.. "CNOA > SIAF"
My SIAF still holding strong.. even with no liquidity :)
I would rather go to the casino then "play" an OTC stock. I figured out awhile back, putting your money into fundamentally strong OTC companies will result in far greater returns than "playing" one that isn't.
Everything bounces if it has fallen from great enough heights. I'm not much into trying to catch dead cats.
It's a toxic turd.. but whatever.. I guess folks can't read the filings.
OT: Gotta spend them China profits some how..
Here is your pic btw.. need to teach you how to use the [*chart] code hehe.
Some men like to fish..
Others like to turn wrenches! This what I did all last week, installed a supercharger on my M3.
CEDT 45,500,000 more shares to shove down retails throats.
Number of shares of preferred stock outstanding as of August 19, 2009: 910,000
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On June 10, 2009, 440,000 shares of preferred stock were converted into 22,000,000 shares of common stock.
The preferred stock, at the option of the holder, is convertible at any time after one year from the date of issuance into 50 shares of fully paid and non-assessable shares of common stock without further consideration. The holders of preferred stock are entitled to vote together with the common stock on all matters presented to a vote on an as converted basis, which is each preferred shares convertible into 50 shares of common stock. The dividends on outstanding shares of preferred stock shall be paid or declared and set apart for payment before any dividends shall be paid or declared and set apart for payment on common shares with respect to the same dividend period. The board of directors is empowered to fix and determine the designations, powers, preferences and rights of the shares of each series and the qualifications, limitations or restrictions thereof.
CEDT SEC filings look outstanding huh? You came to the wrong board to "pump" this toxic diluting printing machine. There are only a few inexperienced investors here and the ones that are have a all of us to keep it real.
CEDT.. Turd.. POS.. don't even get me started. These are the stocks that give promoters bad names.
Btw.. your not suppose to be disclaiming any comps are you?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43585958
CEDT wouldn't touch it with your money
CEDT total POS...
Talk about bending common shareholders over and ramming it up their ass.. this stock doesn't deserve to be mentioned on this board.
EPS $.55, fully diluted EPS $.02 ??? Damn that is a lot of dilution.
Number of shares of common stock outstanding as of August 19, 2009:24,767,798
Number of shares of preferred stock outstanding as of August 19, 2009: 910,000
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On June 10, 2009, 440,000 shares of preferred stock were converted into 22,000,000 shares of common stock.
The preferred stock, at the option of the holder, is convertible at any time after one year from the date of issuance into 50 shares of fully paid and non-assessable shares of common stock without further consideration. The holders of preferred stock are entitled to vote together with the common stock on all matters presented to a vote on an as converted basis, which is each preferred shares convertible into 50 shares of common stock. The dividends on outstanding shares of preferred stock shall be paid or declared and set apart for payment before any dividends shall be paid or declared and set apart for payment on common shares with respect to the same dividend period. The board of directors is empowered to fix and determine the designations, powers, preferences and rights of the shares of each series and the qualifications, limitations or restrictions thereof.
GCHT, they were sold via Reg D, so yes there is at least a 6 month restriction from the time of sale via Rule 144 unless of course they file a S-1/S-3. This doesn't keep them from shorting them however. It is perfectly legal to short PIPE shares.
http://www.sec.gov/investor/pubs/rule144.htm
GCHT equity dates
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43517339
Someone ALWAYS sells after a R/M and I know of very few OTC PIPE lenders that actually invest. My guess is you'll see a S-1 or S-3 registering the shares in the PIPE placement. Hell, they could already be shorting them now.. nothing illegal about that.
GCHT Equity transactions..
Item 3.02
Unregistered Sales of Equity Securities
As more fully described in Items 1.01 and 2.01 above, in connection with the Exchange Agreement, on the Closing Date, we issued 32,383,808 shares of our common stock to the BVI in exchange for 100% of the capital stock of Luckcharm. Reference is made to the disclosures set forth under Items 1.01 and 2.01 of this Form 8-K, which disclosures are incorporated herein by reference. The issuance of the common stock to the BVI pursuant to the Exchange Agreement was exempt from registration under the Securities Act pursuant to Section 4(2) and Regulation D thereof. We made this determination based on the representations of the sole shareholder of BVI which included, in pertinent part, that such shareholder was an "accredited investor" within the meaning of Rule 501 of Regulation D promulgated under the Securities Act, and that such shareholder was acquiring our common stock, for investment purposes for its own account and not as nominee or agent, and not with a view to the resale or distribution thereof, and that such shareholder understood that the shares of our common stock may not be sold or otherwise disposed of without registration under the Securities Act or an applicable exemption therefrom.
Between October 5, 2009 and October 30, 2009, the Company entered into Securities Purchase Agreements with the Investors, pursuant to which the Investors purchased up to 6,400,000 shares of restricted common stock of the Company, at a purchase price of $1.25 per share for an aggregate offering price of up to US$ 8,000,000. Additionally, the Company issued warrants to each Investor in an amount equal to 10% of the number of shares that an Investor purchased and an aggregate of 560,000 warrants to advisors and placement agents, with each warrant having an exercise price of $1.00 per share and being exercisable at any time within 3 years from the date of issuance. On October 30, 2009, the Company entered into a Note Purchase Agreement with Clarus whereby Clarus agreed to loan US $1,000,000 to the Company upon the effective date of delivery of 20 wind turbine systems by GC Nordic to its customers. The loan will be in the form of a convertible promissory note which shall bear interest at a rate of 1% per month (the "Note"), and have a maturity date of 2 years from the date of issuance of the Note. Additionally, the principal and accrued interest underlying the Note (the "Debt") may be converted by Clarus at $2.00 per share into shares of common stock of the Company at any time prior to the maturity date. If the Debt is not repaid by the Company 6 months from the date of issuance of the Note, the Company may at its option, convert the Debt at $2.00 per share into shares of its common stock anytime after such 6-month period. The issuance of these securities was exempt from registration under Section 4(2) of the Securities Act. The Company made this determination based on the representations of Investors, which included, in pertinent part, that such shareholders were either (a) "accredited investors" within the meaning of Rule 501 of Regulation D promulgated under the Securities Act, or (b) not a "U.S. person" as that term is defined in Rule 902(k) of Regulation S under the Act, and that such Investor was acquiring our common stock, for investment purposes for their own respective accounts and not as nominees or agents, and not with a view to the resale or distribution thereof, and that each Investor understood that the shares of our common stock may not be sold or otherwise disposed of without registration under the Securities Act or an applicable exemption therefrom.
55
On June 8, 2009, we issued convertible promissory notes to certain foreign accredited investors for aggregate proceeds of US$ 1,015,000. The amount is unsecured and is due on demand. The principal amount bears interest at 1% per month calculated monthly and payable on demand. At any time that the principal and interest shall remain outstanding, the lender has the right to convert such principal and interest to shares of our common stock at US$ 1.00 per share or at such price and on such terms as being offered to investors at the time of conversion. We offered and sold the convertible notes in reliance on Section 506 of Regulation D and/or Regulation S of the Securities Act, and comparable exemptions for sales to "accredited" investors under state securities laws.
On June 9 2009, we issued a convertible promissory note to a foreign accredited investor for proceeds of US$ 11,750. The amount is unsecured and is due on demand. The principal amount bears interest at 6% per annum calculated and payable on demand. At any time that the principal and interest shall remain outstanding, the lender has the right to convert such principal and interest to shares of our common stock at such price and on such terms as being offered to investors at the time of conversion. We offered and sold the convertible note in reliance on Section 506 of Regulation D and/or Regulation S of the Securities Act, and comparable exemptions for sales to "accredited" investors under state securities laws.
On July 9, 2009, we issued a convertible promissory note to a foreign accredited investor for proceeds of US$ 5,000. The amount is unsecured and is due on demand. The principal amount bears interest at 6% per annum calculated and payable annually. At any time that the principal and interest shall remain outstanding, the lender has the right to convert such principal and interest to shares of our common stock at such price and on such terms as being offered to investors at the time of conversion. We offered and sold the convertible note in reliance on Section 506 of Regulation D and/or Regulation S of the Securities Act, and comparable exemptions for sales to "accredited" investors under state securities laws.
On July 31, 2009, we issued convertible promissory notes to certain foreign accredited investor for proceeds of US$ 10,000,000. The notes bear interest at 6% per annum calculated annually. Upon closing of certain agreements, the principal and accrued interest will automatically be converted into shares of common stock of the Company, at a rate of US$ 0.80 per share. We offered and sold the convertible notes in reliance on Section 506 of Regulation D and/or Regulation S of the Securities Act, and comparable exemptions for sales to "accredited" investors under state securities laws.
GCHT Super 8K with #'s
http://www.sec.gov/Archives/edgar/data/1380528/000114420409056757/v164649_8k.htm
GCHT Super 8K
Here is part of the "Super 8K"
http://www.sec.gov/Archives/edgar/data/1380528/000114420409051727/v162166_8k.htm
GCHT Upon closer inspection..
Looks like a typical R/M transaction in which a shell was provided in combination with financing. This is pretty normal in the R/M world and one of the few times a R/M transaction might be beneficial over a DPO or going public direct.
The guy John Lennon (no Beatles jokes) is probably just a shell facilitator and that is why he is listed on a number of shell companies. Similar to say Joe Meuse of Belmont Partners.
The promotion is obviously paid for by the financiers in an effort to gain some market awareness since OTCBB generally don't get analysts looking at them. They have some PIPE funding that needs unloading, so looking at the total funds raised, $100K promo doesn't seem to our of the ordinary to be honest.
Personally, after looking at it more closely, it might be something interesting to keep an eye on. However, from my experience, insiders, promoters and previous directors, along with the PIPE funders are going to be selling selling selling (that is what the promo is for) so it might not be a good buy right now. I would say wait till the funding is complete, the stock has settled and wait for at least 2 quarters.. then re-visit the stock.
I have rarely seen a R/M worth investing in right after the acquisition closes, way to many people looking to sell.
Smells like one.. $100K for a promoter.. shit.. hell that is a lot of dough for promo. Someone must want to unload big lol. If I had to guess, the previous promoters and directors of the shell want to cash out on the R/M and move on to the next shell deal.
Doesn't mean it is a scam, but probably not worth looking at until the dust settles.
...and now it's down -7%. The "going to da moon" and "Booooom" posts are better suited for the other Ihub boards. Most the guys here are looking at investment potential.. not intraday momentum.
Hit the bid! ;)
And he called paid promoters "sell outs"
hehe.. all in fun of course.. gotta poke fun at the prodigy occasionally :)
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=42251706&txt2find=sell
CNOA Been riding freebies since the $.50's and pulled some profit out to boot.
CNOA.. not to brag but..
...talk about calling a bottom lol!!! I've almost had my second true 10 bagger this year.
March 24th 2009 @ $0.15
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=36533420&txt2find=cnoa
I sure haven't but I'll have to check it out.
I agree, but it isn't the values, it's the fundamentalism. In some aspects the minority fundamentalists are destroying their own brand and driving the gap larger.