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.
You've got to admire today's highly efficient operation.
Few companies are capable of cramming a full day's stock trading into just the first 25 seconds following the market opening for the day.
CHDO Down 7.69% on 190,600 at 14:23:40 today
It looks like the world does not share our excitement!
(On the other hand, do we really need to track every tiny stock buy or ask, every miniscule movement of the stock price, every fluctuation of the Bid/Ask, whether the stock is actually trading or not?)
For those who like to follow the day's trading, there are both free and premium sources, real time or delayed, including the one on this same site and immediately preceding this message section, quickly and freely available to all.
But Uranium, All That Meat And No Potatoes
Yes, CHDO has certainly improved from the doldrums of the half-pennyland of recent years relative to the PPS.
But the "potatoes", the volume, just simply isn't there. As of this writing, not a single share of CHDO has traded this entire morning. As of this writing, not a single share has traded in the past twenty-five hours.. Unfortunately, this isn't unusual.
Without volume, and I mean millions of shares a day, you cannot establish a "real" value to this stock nor can you even establish a reliable trend since a few tiny trades can swing the current price rather dramatically and show percentage gains or losses that are not truly significant.
It must be terribly frustrating
When you see the company putting out PR's announcing record revenues and then see the announcement fall with a resounding THUD.
Wow, big announcement at 9:30am, last trade of stock by 11:01am; is that a another new record? One and One-Half whole hours of mind boggling excitement?
Almost enough to make one wonder.
Actually Marcelh, no it's not.
I, along with I would think would be all of us, certainly hope that these figures will be shown to be fact.
But they will not be "fact" until verified by the 10-K several months from bow.
And that's a fact - lol
Timing is a little amusing, but predictable, No?
Just as they are publicly wiping, not just an egg, but an entire omelet off their faces via the current 8-K, they make this announcement.
Even then they have to play with numbers to make their point.
Unbelievable, A serious error in the 8-K
It would be funny if it weren't just so pathetic and exasperating. Here they have to publish an 8-K to admit they screwed up, oops, I mean "miscommunicated" an elaborate multi-page solicitation and then they blow even that.
But first let's look at the "miscommunication" again. They said this was sent out to only 30 (lucky?) stockholders. I know they spent nearly fifty dollars on me in postage alone. I'll bet they really wish they hadn't done that - LOL.
How much more did they spend on drafting and editing the 20 some pages of tightly packed legalese plus the cover letters they sent out? This stuff just don't write itself. That was some expensive and terribly amateurish "miscommunication".
But to publish more erroneous data and this time in an official SEC 8-K form calls into question their very ability to conduct a business utilizing their present staff.
The error?
Sorry DD, Your conclusion might not be correct
Uranium - A small correction based on:
I'll treat that as a serious question
So this is my opinion.
The price will go up if and when attempts to amend the Articles of Incorporation are defeated.
Ask yourself Cui Bono by selling off dribs and drabs of the stock basically in the .011 to 013 range to hold the PPS down?
Someone needs money? Nope, let the price rise first.
Revenge? Nope,let the stock price rise and then dump for a sweeter, more profitable revenge and a more drastic negative effect on the corporation.
Hostile Takeover? Nope, price would be supported by the corporation to counter the move.
Insider Sell-off? Whoa, that's exactly what the new "Articles" would allow. Sell Capstone to a friendly corporation at a "fair" value based on the presently artificially controlled low price. In this case the seller would want his left hand selling low so his right hand could buy cheap.
Naw, couldn't happen with officers who are so trustworthy that we can abrogate any semblance of common shareholder control .....could it???
Disclaimer, the above is based on a conspiracy theory and should not be taken as fact.
So let me ask you, in your opinion and supported logically who benefits from the PPS being capped at these levels?
If you haven't read these
Please do so now
https://viewer.zoho.com/docs/uQqFf
https://viewer.zoho.com/docs/yYYuh
Although the company indicates that these were a "miscommunication" (??????) they show exactly how management apparently plans or planned to rip off your voting rights without buying the underlying stock and how they could then use the B-2 Preferred Stock Stealth bomber (Thanks DD) to strip SEVENTEEN MILLION DOLLARS right out of the pockets of the CHDT Corp(se) after its one remaining asset was disposed of and, before you see a red cent and all without your consent.
Who could possibly fall for and support such a proposal? Was Barnum actually right?
And I keep my promises!
Here's the infamous "Miscommunication" letter.
It was sent certified mail for $5.59 and mine arrived late this afternoon.
NOTE THAT IT DOES NOT STATE THAT AN ATTEMPT TO PASS THE REVISED ARTICLES OF INCORPORATION HAS BEEN CANCELLED
Please click on:
https://viewer.zoho.com/docs/fC49j
Posted as promised - in writing.
Florida Statute 607.1602(1) for Dummies version
Please check out the following URL:
http://www.hg.org/article.asp?id=7172
Particularly note the following quote from the document for all of you choosing to drink the corporate Cool-Aid based strictly on being told it is harmless and to your best interest:
Florida Statute 607.1602(1)
Dizzy, this gives minority stockholders in a corporation certain rights including the right to examine:
(a) records of all minutes of any meeting of shareholders and board of directors;
(b) accounting records of the corporation, including salary and bonus payments made to personnel and all records of vendors paid by the corporation;
(c) complete disclosure of all lawsuits pending or previously filed against the corporation;
(d) complete reporting of advances or expenses paid to any director, officer or employee;
(e) disclosure of the corporation’s issuance of additional shares or promises to pay shares to any party; and
(f) copies of financial statements that are required to be delivered to the shareholders each year
While this does not of itself block Wallach's takeover, it is listed online as a providing tools to do so. See my next post.
Right On, Dizzydon
It's nice to be able to agree almost 100% with one of the board's leading researchers.
"Almost", only because I believe it may still be possible to block it even if they claim to have the necessary votes
Well said rvd
Remember "Trust but Verify"
If they received such a letter they need to publish it verbatim.
Any problem with that?
If I receive the letter today, which is still possible, I promise I will publish it for all to see.
Would you like to discuss present day failures?
Hopefully you're right
when you say:
Please Post a copy of the letter here
just as I posted the original letter and it's content.
And no, this is not a "dead issue". The very fact that the original document existed means that it is not a "dead issue" until it has a stake driven cleanly through its little black heart.
Wow Guys, here's a case in point.
When poor Howard clutched the viper to his chest and loaned it $575,000 to fund Capstone's STP Initiative (among other things) he might have been well advised to study his loan beneficiary's plans a little longer and more closely.
And instead of Wallach jumping in with a half-baked plan to produce "STP Tools" without sufficient market research and committing such amateurish errors as advertising "vapor tools" prematurely on a race car, wouldn't it have been better to slow down and avoid the pitfalls?
Then to go on to try and compete in a vastly overcrowded marketplace of battery operated drills and screwdrivers when the STP name should instead have drawn on the huge NASCAR fan base of dedicated tailgaters with related products.
I wonder if the whole STP failure wasn't simply the result of sabotage because it would take away from the little flashlight operation. Correctly handled, the STP name could have generated tremendous revenues.
If you will note, the "reason" given for shareholders to approve the amendment is to allow the corporation (ie. Wallach) to act quickly and without approval, at any or all times.
Instead this is exactly why approval of the Amendments should be withheld or rescinded!
Folks, let's remember something:
Any product you see flying off the shelves, whether it is two flashlights, or the entire display on an end cap, does not add anything to CHDT's bottom line at this time (unless they were on consignment).
Capstone merchandise at any retail outlet was probably bought and paid for by the retailer three to six months ago. Back then is when it went onto CHDT's books.
Not to say that strong retail sales won't have an influence on future wholesale sales by Capstone, they certainly should, and most probably will.
Look at it like this Lucy
Let's say you're signing a contract with an organization and are concerned about a particular section, or even a word, in the wording of that contract. The salesman, agent, secretary, CEO, or any other representative with or without authority, say's, "Oh, don't worry about that, we never pay attention to that clause".
As you stand before the judge quoting exactly what you were told by your trusted confidant the judge say's, Hey, sounds great, but do you have it in writing? Even if the oral representation was witnessed, if there is a difference between verbal and written, written prevails so you're out of luck" (Law of Contracts 101)
Which brings us down to whether or not I trust a CHDT management that is at least partially clandestinely trying to snarf up voting power that belongs rightfully to the other common stockholders, and without paying for it.
So you might ask, does that mean I would not trust verbal representations of CHDT unless they are transcribed.
Wanna take a wild guess?
Ilovestocks85, Are you missing the point?
you said:
Smallfish, that post should be a "sticky" (lol)[
Lucy, can you direct us to written documentation
that back's up your to date unverified claim that the original material was sent out by error? That is a very serious charge given the nature of the material.
You also mentioned that a follow-up letter is going out to those that received "it" ("it" presumedly being the original mailing)
I certainly to date have not received a follow up letter and I obviously am one of those who originally received "it".
If you have such documentation, does it really state that only those who received the original material get to see the follow-up and learn what the error was?
If you do not have written documentation backing up what you have stated as fact, I prefer to wait for verification
This matter directly affects all stockholders. It concerns each individual stockholder's voting representation. I, for one, am appalled at any action by the board to circumvent full disclosure, in writing, to all shareholders about any facet of this matter affecting shareholder's rights. Verbal communications can be denied, misrepresented and misunderstood.
I wish it had been in error
But Flp, it was very definitely sent to me in Atlanta by Jill Mohler. How many other people received this same mailing?
It was sent "Priority Overnight" Residential (extra charge), marked "Extremely Urgent" and received on Friday November 18th.
The first "error" I found is that Jill declared the exact weight as being one pound when it was actually under half a pound.
Your post triggered my checking what the postage must have been on this "Extremely Urgent" FedEx mailing. Flp, it's unbelievable.
Checking FedEx's on-line rate calculator for a half pound FedEx envelope mailing from CHDT headquarters to my home in Atlanta showed a rate of $33.17.
Could this possible be true? Somebody who is more familiar with FedEx rates and procedures please check me out on this.
THIRTY THREE DOLLARS AND 17 CENTS TO SEND ME A PHREAKING LETTER ASKING ME TO SHOOT MYSELF IN THE FOOT?
Yes, I'd say there were some "errors" here and on so many different levels beyond sending out a letter by mistake
By the time you see a CHDT filing
It will be too damn late. You will have been disenfranchised
(And for any who might be unfamiliar with the term, please check a dictionary - the word is exact and specific to this case)
I'm expressing fact, not my opinion.
Lucy, if you will read the document
that the company put out which details exactly what the "insiders" are doing, or if you prefer, "attempting" to do it will be much easier than rehashing the information here.
Simply click on the following URL's which contain the information you did not receive in the mail.
https://viewer.zoho.com/docs/uQqFf
https://viewer.zoho.com/docs/yYYuh
We can then all look forward to an informed discussion.
I assume from your question that you must have missed the earlier chance to reference these documents or you would have found your question answered by the "insiders" themselves.
For any who missed it:
Here's the URL for the cover letter that accompanied the full "Request for Written Consent"
https://viewer.zoho.com/docs/mGesc
I just love the part where they insinuate that the insiders may not make future loans if they aren't allowed to win all the marbles. What a load of crap.
Where else can they rip off suckers for 18% interest on a secured loan as they already have the power to do?
(ROTFLMAO)
IMPORTANT! Here it is:
The text of the proposal to amend the Articles of Incorporation can be reached through the following two sequential URL's. My apologies for the split but the size of the converted PDF documents exceeded the upload limit of 10MB for either a single, or combined file(s) on Zoho.
https://viewer.zoho.com/docs/uQqFf
https://viewer.zoho.com/docs/yYYuh
I believe that an intelligent discussion of this proposed amendment can take place only after those who would like to participate have carefully studied the actual documents provided above.
DD, I believe you had the answer
when you said ........what if they've got the required vote's now and are sending out a "disregard previous mailing" to those they haven't heard back from yet?
That could lull a lot of people into not reading the full content of the proposal which I'm about to publicize
And as far as any verbal assurance from the company, what would you expect them to say? Surely no one thinks that an unwitnessed conversation trumps a written document? Wow, try that on a judge.
I believe the "error" would not have been "discovered" had not a spotlight been turned on this matter on this very board.
Yeah, that's very confusing.
Particularly since they seem to be soliciting sufficient votes to be able to file the amendment.
Yeah DD, Both me and my computer
are kinda slow, or as I like to think of us, just half-fast.
Er, wait, that's not right either.
Oh never mind.
OK GANG, HERE WE GO!
If this works, it is worth shouting about. (If it doesn't, blame Flp, he said it would)
This is a test of a way to publish the much cussed and discussed revised Articles of Incorporation.
I'm starting with the cover letter; if you can read it OK I will begin the very slow laborious task of converting the remaining pages to internet readable text; don't expect this before tomorrow.
Here's the URL - give me some feedback please.
https://viewer.zoho.com/docs/mGesc
Only Jeffrey Guzy qualifies as an Independent Director
The number of Lowe's Stores?
DD your reference says MORE THAN1725 Stores.
My reference says ALMOST 2,000 Lowe’s retail locations nationwide.
And the company ESTIMATES 2000 stores.
To me, that certainly makes Lowe's a viable contender.
Thanks Angel - Food Spot has 50+ Stores.
... Ernie Harris, born Sept. 5, 1926, in Natrona, Penn., wanted to concentrate on a business he’d launched in 1963: the Food Spot convenience-store chain, which he eventually built into a small empire of more than 50 stores across South Florida that employed 200 people.
More history here if anyone's interested:
http://www.miamiherald.com/2011/08/26/2376751/ernest-harris-food-spot-founder.html
Lucy, were you referring to this press release?
Capstone Industries, a wholly owned subsidiary of CHDT Corp., confirm the Company’s Eco-i-Lites will be sold in an estimated 2,000 more retail outlets in 2012. This nationally recognized home improvement chain included Eco-i-Lites in its 2012 planogram set following an intensive 6-month review of all lighting suppliers.
2000 outlets.....Home Improvement Chain.... ??? Try this:
"There are almost 2,000 Lowe’s retail locations nationwide," (see the following URL)
https://careers.lowes.com/areas_corporate_store_ops.aspx
Lowe's also utilizes "planograms"
And we know Home Depot sells a competitor's product. Their "CE" line of LED lights may be rather well entrenched because they also carry this CE line in other of their electrical contractor supplies.
So I'm guessing Lowes for the 2000 new outlets, or did you have some other major retailer in mind)?