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I'm sorry, yes the price has tanked in concert with the string of horrendous filings the last few quarters. So.... make it while you can but I wouldn't be in when the next filing is released.
How on earth can you lose over a half a million dollars on only three hunded fifty thousand dollars in sales. Mind you this company is not a manufacturer, they make nothing they import and resell so how are the loses they continually have possible? Take a look at their salaries and thats a start. They company loses millions but Howie and Stew are six figure babes every year.
To any potential new investors, you have read many of the supposed pros of this company so I thought I would clue you in on exactly where this company is headed, this directly from their last filing as to results of opererations, I let you all be the judge where this company is headed:
Results of Operations: For the three months ended March 31, 2010, the Company had a net loss from continuing operations of approximately $508,000. For the three months ended March 31, 2009 the Company had a net loss from operations of approximately $299,000. That is a net loss increase of approximately $209,000 or 70% over 2009 results.
Total Net Revenues: For the three months ended March 31, 2010 and 2009, the Company had total sales of approximately $353,000 and $1,698,000 respectively, for a decrease of approximately $1,345,000 which represents a 79% decrease from 2009 results. All of the revenue was generated by Capstone. The continued retail downturn has impacted this quarter's revenue, primarily as a result of orders being delayed and shipped at a later date by our principal customers.
Cost of Sales: For the three months ended March 31, 2010 and 2009, we had cost of sales of approximately $238,000 and $1,196,000, respectively. This cost represents 67% and 70% respectively of total Revenue. As a percentage of Total Revenue costs have decreased. The lower Cost of Sales is a result of the reduced revenue. The cost reduction percentage of 3% of total revenue as compared to 2009 is the result of improved Gross Profit in the categories that were sold in the quarter.
Gross Profit: For the three months ended March 31, 2010, gross profit was approximately $115,000 a decrease by approximately $387,000 or 77% from the three months ended March 31, 2009. For the three months ended March 31, 2009, gross profit was approximately $502,000. Gross profit as a percentage of sales was 33% for the three months ended March 31, 2010 as compared to 29.5% for the three months ended March 31st 2009. The large Gross profit reduction is solely attributed to reduced shipments in the quarter as compared to the same period last year. The higher gross profit percentage over 2009 is the result of an improved blend of Gross Profits for certain categories sold in the quarter.
An earth shattering +- $1,200 in trades today. Can't wait to see the Q numbers, they should be jaw dropping. GLTU and the pump up the volume crew! Can't wait to hear from Steve n vegas and the gang! Weeeeeeeeeeeee!
By the way all the pumping in the world can't help the share price of CHDO. People know the deal and they know the fundamentals. You might be able to flip a few hunderd thousand shares on the back of some lemming if your lucky but you might also get caught holding the bag. By the way my calls on this stock have been very accurate going all the way back to the share price contest we had years ago. I am telling you this stock will be in the .0000's in a few months. Good luck if you decide to trade this one.
For those of you who are new to the board there is an obvious pump and dump agenda going on with this company. So I will just say this, the bid is under .003 and the ask is .0035.The volume is still PATHETIC. This company is a shell that overpays its ownership, it bleeds money and it has a few viable products that lose money. The OS and float have grown by leaps and bounds and the revenue has declined at the same time. Why on earth would you buy this company stock. It's a scam, shell company, avoid the pump and dump, AIMHO!
Renue earning company? Well they do have revenue, but then again every company that is in business has revenue don't they? The problem is this company LOSES a ton of money on their revenue. I almost spit my coffee into the monitor laughing so hard!
Wow, wow, wow thats it a recent press release telling us nothing. Obviously this is a screaming buy because.......? Charts are nice on a relevant stock with real volume, fundemantals now drive this stocks and right now the fundamentals are this:
Company has no viable product to actually make money with as demonstrated by their Q after Q afer Q continued loses.
Company can not get conventional finacing at normal rates and frequently depends on infusions from insiders at interest rates of 10% or more (from recent 10Q)
Tens of millions of new shares still have to hit the market and can be sold for below .006 price
Company routinely announces order backlog as a reason for missed yearly revenue numbers yet these "order backlogs" always fail to materalize in subsequent quarters.
By the way this stock has had no volume for months so if you buy be prepared to hold because you won't be able to sell any meaniful amount of this stock.
Come on now, do I really have to go on? .......
While I am waiting I will give any potential investor a quick recap of this company. CHDO in it's present and past forms has lost money and mismanaged virtually every business plan it has attempted over years and years of being in business. Trinkets, generators, roof tiles, STP tools the list goes on and on. The latest lighting products line while gaining some acceptance LOSES money. The company bleeds money with no sign of that stopping. The companys own 10Q's state there are major concerns about the company being an ongoing entity and because of their past failed ventures and the FACT that they continue to lose money. They indicate it is very difficult for them to get conventional financing. They are currently in the process of trying to sell milions upon millions of new shares into the float. If you are thinking of investing in this company you need to take a look at their press releases regarding sales and product placements. I dare you to find one that lists a dollar amount on the slaes. Better yet try and find the name of the company or big box chain they are selling the product to. You can't because they never list them. When your done with that look at the revenue projections that the company says they are going to reach every year and then look at the actual numbers, you will find the two are never close with the company missing by as much as 40%-50%. This company is a one trick pony whos share price was in the twenty cent range a few years ago. Since that time it has gone steadily down as investors tired and learned about management promises that never came to fruition. I used to own shares and questioned the company even while owning, I bought into the company line until I sold out at a loss in the .01 area. If your thinking of buying this company do yourself a favor, ask what it is about this company that will turn around this sad story. Is it management? That question is answered with a resounding no as mamagement has clearly demonstrated that it is incaple of doing anything right other than drawing a six figure salary on the share holders dime. Is it the products? Again the answer is no as the only relevant line now is lighting and that continues to loose money. If your thinking of buying this stock take some advice from someone who has followed this company for over four years and was a shareholder for much of that time. Don't walk, RUN away from this company! AIMHO!
Hmm, my post got deleted it seems things are getting back to normal around here so I will try a different tact. Lucy, can you please explain from a trading standpoint why you feel .0025 is the bottom and please explain why " all the old and bad things that took place for CHDO is now firmly entrenched in the History file" Do you mean they are not relevant anymore? What earth shattering metamorphis took place with this company in the last few weeks that I missed? Do they have new leadership? A new business plan? A cutting edge new product? I eagerly await your response!
Wow, some things never change. Pump and dump being set up people don't get suckered. The only place this POS is going is to .0000's. Remember not to long ago you were told .01 was the bottom then .006 and now .0025, well the bid is .002 this POS is going lower still. Lots of shares still need to be sold and added to the float. All IMHO don't get suckered in! There is no compelling reason to buy this stock, their story stinks, the management stinks, the business plan stinks and the company is a long list of failed business ventures. Wake up people, wake up! The penny stocks are always a big risk but this one is just a plain DUD. By the way there has been no decent volume in a long time so after you get in on the PUMP you won't be able to get out after the DUMP!
You can't make this stuff up. Finally a PR, of course it's all fluff and no stuff with no actual numbers but at least it's a PR showing the company is still selling something. So what happens on the day the PR is released? The stock tanks 31%, too funny! Oh I forgot there are a bazillion shares that need to be sold and will be sold below.006 to fund this sham of a company for another 6 months or so. Christmas bonuses have to be paid you know! So the problem is every time there is any volume in this stock the float gets diluted and the share price....well you know!
They selling keychains again? Back to the trinkets? Today almost 40,000 shares traded hands of course the stock lost another 10 plus percent down to .004. Yet Howie and Stew baby are no where to be found. It's alful quite in CHDO land. Lets start a pool how many days before this POS company goes belly up. I say right after the Christmas holiday!
And the three day total skyrockets to 6300 after an earth shattering 3300 shares at $14.85 crosses the board. Ironic as it may seem the three day total of $24.85 in stock traded equals the total book value of CHDO. Wait, that is book value less depriciation and amortization charges.....
3000 shares traded total in the last 2-1/2 days. Company is toast! The titantic is about to go down but the band is still playing.......Management how about another fluff PR. I hear Costa Rica needs generators, no I mean roof tiles, no I meant mini lights. How about a fire sale on cordless screw drivers.......Hey management give a free cordless SCREWED driver to every present and former share holder.
Bid under .003 yikes, close of .006 on 3000 shares traded. Makes me wonder, who buys $18 dollars worth of stock?
Close today, .0037 the rats are abonding ship. Bid currently .001 although I am cetain someone will come in with .003's again tomorrow. Scoop em up for the big run to .01, It's really ashamed what has happened to this stock many of us though had so much potential. Anyone out there still think this POS has even a punchers chance? Is there even anyone still out there other than DD and me?
"..i think it means the stock offering is still in limbo"
DD it really doesn't matter unless they do a PP to sell these share because it will take forever to sell 35 million in the open market. They can't crack 100,000 shares traded on most days. If they flood the market with 35 million shares this stock goes right to .000's. The puppy is DOA!
"a trade at 12:40 pm EST is too far from the close to simply label it as "painting the tape".."
Okay, I gotta give you that. But let me ask you a question. Who buys 3000 shares of a stock at .008 which was at the ask when the bid was .004? I find it hard to beleive that someone had to have $24 worth of stock so bad they paid .008 when the bid was .004? Unless of course they meant to enter 30,000 shares, still stupid to pay that muck but at least it would make some sense. Either way there is NO volume so 50 or 200 day moving average don't mean jack and there is no momo to carry this piece of crap anywhere but down. Good luck and carry on!
Volume of 3000 for the day and the bid is only .0038. Paint jobs don't work but are a good way to waste money.
Good luck with the uptick!
LOL DD! IMHO they are going to have to increase the AS in order to raise enough to pay for the order backlog if they have any. Next Q results will be very telling and I don't think it's going to be pretty.
U, you know what I meant but hey, I hope you get .025. It may go higher than that, after the reverse split..........
Very nice, LMAO! You'll get .025, good luck with it.
Good luck to you. Positive I don't know about but how is this for a negative, the stock dropped 1/10 of a cent today, 1/10 of a cent and was down 20%. That pretty much sums up this POS. Out of business in less than a year! All of management is pulling in 150K plus a year and stock holders are taking on the chin. Wake up people! They are using you as their personal ATM. Bye bye CHDO! I sold at .01 at a 66% loss and will pound this stock and it management until it drys up and shrivels away. POS stock! No one and I mean no one is making money on this POS, The pumpers are long gone and the last few lemmings are falling off the cliff. SAD!!!!!!! Back in a week or two! Out
Interesting little tidbit Lucy. Games that people play!
Good luck to you and hope you can flip this if thats what you choose to do. It's very difficult to flip a stock which only trends down like this one especially with the poor volume. But hey if you can do it thats great. Buy and hold with this pig is a certain death.
Sorry, but your not going to see good numbers in my opinion. The management has screwed up every product line to this point. Why would you think lighting will be any different? The share price is right where it belongs, actually it's a little too high. I told everyone a while back that .005's were coming and they did. Give it another Q or two and it will be sub .0025. Sad, sad state of affairs with this POS company. I can't beleive at one time I actually beleived there was potential, live and learn!
"People are obviously not believing $6mm plus in 2010 revenue with reduced operating cost."
U, it's sad but true. They have missed their revenue projection the last 3 years so why would anyone beleive them this time. Based on past performance if they are predicting 6 million I would think 4.5 would be more like the actual number. But hey you would think sooner or later they would have a surprise in store for the shareholders. GLTU!
Problem is he is most likely correct in his opinion! B/A .0038-.0048 is not good. Nor was Howards email reply. Good luck long time shareholders. Although I beleive his forecast of matching last years revenue numbers was overly ambitious, so maybe they won't need as much cash. I also don't think you are going to see Howie or Stew foward a million dollars of their cash to this sinking ship.
Okay thanks and GLTU! Still a huge spread in the bid and ask. I am suprised it has not tightened over the last few days.
How about .0031 that seems an over reaction as well. Are you a buyer at these bargain basement prices U? TIA!
1/4million @ .0012 just after the open..?!!?
Yep I saw that, thats just as crazy as the person who paid .008 the day before. I understand wanting to get in or out but you have to have some idea of what the price should be.
Well looks like buyers just slipped in .004, GLTU! Maybe not a bad strategy, this may start to trade in the .0055-.0065 range for a while. I guess if you bought and sold enough you could make a nice percentage gain.
Bid .0015 ask .008. Thats is a huge spread, can't remeber seeing a penny stock with that big a difference. I would think if you were interested in buying you could slip in at .004-.005 range and gobble some shares.
Point taken U! GLTU
Your description of a trade is correct, there needs to be a buyer and seller. My opinion is whoever paid .008 today was a fool, however, time will tell, perhaps I am the fool. If proven so I will freely admit it. The 10Q was horrendous in my opinion. The direction of the company is clear and has been for some time. I am not certain what you mean by the "direction" I am taking. But if you mean constantly killing management for their total mismanagment of the comapny then yes I guess my direction is clear. I wish you and the other CHDO investors that I have shared the board with for the past few years nothing but the best of luck. I would truely like to be proven wrong about management because it means a lot of long time shareholders would have their vision of this company come to fruition. I just don't beleive its ever going to happen. GLTU!
Elpafff,
Congrats, I don't know how you found some fool to pay you .008 but great job buddy! GLTU in the future. There you have it another LONG time shareholder who had enough and said screw you CHDO I am outta here! Great job management!
Actually you should re-read my post because I didn't say what the current price was I said:
"And as I speak the bid is now .0014"
That was the bid at the time. Actually now it's .0001 although the low for the day was .0004. The fact that someone actually paid .008 today is just crazy. It will be back in the .006's or lower tomorrow. GLTU!