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02/16/08 Daytona International Speedway Camping World 300 presented by Chevrolet TV: ESPN2
It would be great to get the 72 car for the Vegas show!!!
From the macdonaldmotorsports.net Q and A page........
How can I book a MacDonald Motorsports show car for my event?
To get more information on booking a show car, contact us directly through our "Contact" lin above
Looks like the car is ready to be repainted. We know what needs to go on the hood!!!!
OMG!!!! Howard behind the wheel!!!!!
Howard with the driver DJ Kennington!!!!
When I was at teh AAPEX show last October, I was disappointed in the lack of booth trinket takeaways (ie. STP Tools stickers) and the lack of booth support personel dress (ie. matching STP shirts) to indicate they were with the booth. I think now that we are aligning with NASCAR, there is a real need for the marketing folks to get their show act together.
Nice catch RVD!
My mistake. Looks like there is no room on the hood!!!
Good news.... WE HAVE A LOGO!!!!!!!
I think it is a waste of money. I hope this guy makes it out of pit row!
Good news is looks like there is plenty of room on the hood!!!
If Capstone meets their January ship date this week, then we will probably see product on store shelves in mid to late March-early April timeframe to coincide with the release of FY07 numbers and Q108 results. April could be very interesting.
We will see 2007 Q4 numbers on April 15, 2008
The good news is that we should see 2008 Q1 numbers as well.
Only 9 days left in January. Let's see if Capstone (CAP) can deliver.
DEERFIELD BEACH, FL--(MARKET WIRE)--Dec 4, 2007 -- CHDT Corp., a Florida corporation (OTC BB:CHDO.OB - News)(CHDT), announced today that its wholly owned subsidiary, Capstone Industries, Inc. (CAP), has received its first STP-branded automotive accessory order from a major regional retail chain for shipment in January 2008. This is the first formal confirmation of retailers' interest expressed at the 2007 AAPEX trade show where CAP launched thirty five new STP® branded tools and automotive accessories -- all of which can be seen at www.stptools.com.
They are due April 15th. Last year they filed late on April 17th.
Have one on me while we wait....
I guess they don't care about the 6th largest economy in the free world. I'll have to get my creeper when I travel back east.
Drink up Porky....sounds like you need it
CHDO Sales Pipeline....
Right....
Wrong!!!!
If I can't laugh right now I would certainly cry. LOL!!!
I would not hold my breath for a "financing PR."
Howard is a wealthy man. He has lent money to the company in the past and I believe he would do it again (if needed) since we are so close to filling a self sustaining sales pipeline. I would like to see a couple more sales order announcements from the hot shot sales reps and STP/SC products on the shelves. Funding growth through profits will be new ground for this company. It will come sooner than many think.
Then again, as always, I could be wrong. Always IMO.
Good luck to us all.
CBQI, CHDT and now CHDO have never been a Happy Holidays kinda stock. As a matter of fact, the last couple of year ends have been a drag in one way or another. I will say one thing.... January should kick a$$.
Let's see ......
Mo
Nice! My back feels better already!
OT. Pat,
Sorry to hear about your dad. I hope you and your family can find peace and comfort during the Holidays in this difficult time.
Merry Christmas and Happy New Year.
CHDT CORP Financials
EDGAR Online Financials (Fri 9:05am)
PERIOD ENDING 30-Sep-07 30-Jun-07 31-Mar-07 30-Sep-06
Total Revenue 815 389 211 1,918
Cost of Revenue 457 209 138 1,722
Gross Profit 358 181 73 195
Operating Expenses
Research Development - - - -
Selling General 674 441 302 75
Non Recurring - - - -
Others - - - -
Total Operating Expenses - - - -
Operating Income (316) (261) (229) 120
Income from Continuing Operations
Total Other Income/Expenses Net 90 14 4 6
Earnings Before (226) (247) (225) 609
Interest Expense 41 25 28 25
Income Before Tax (268) (271) (253) 584
Income Tax Expense - - - -
Minority Interest - - - (204)
Net Income (268) (271) (253) (102)
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income (268) (271) (253) (102)
Preferred Stock And Other Adjustments - - - -
Net Income Applicable ($268) ($271) ($253) ($102)
True. We only know what the company chooses to tell us. Everything else is conjecture.
Looking at yesterday's press release, I get a sinking feeling. Again, it's all in the wording.... and lack of details. I fear we are in the STP trinket business.
DEERFIELD BEACH, FL--(MARKET WIRE)--Dec 4, 2007 -- CHDT Corp., a Florida corporation (OTC BB:CHDO.OB - News)(CHDT), announced today that its wholly owned subsidiary, Capstone Industries, Inc. (CAP), has received its first STP-branded automotive accessory order from a major regional retail chain for shipment in January 2008.
These are the "accessories" from the STP Tools web site.
Clocks
STP Blue Neon- Blue & Red
STP Blue Neon- Checkered
STP Blue Neon- Speedometer
Pneumatic Stool
Foldable Creeper
Don't fret Salve.
Like the saying goes... "If you're not the lead dog, the view is all the same."
"Shipping" in January means that the products will hit the shelves in March. Shoot!!! We'll miss the Valentines day gift push!!!
The first sale is the hardest.
It's one more sale than OBS!!!
"major regional retail chain"
Since it is a chain, it must be more than 2 stores.
Since it's regional, it's more than one city.
Since it's major, it's bigger than minor.
Capstone Industries, Inc. (CAP)
What is up with the CAP thing?
"said Oscar Martinez, VP-Sales for CAP. "
"CAP has designed a spectrum of technologically innovative products that CAP believes will enhance and complement the value of the STP(R) brand. "
Acronym for a one word name?
I guess I'm not a PR agency "hipster" but comon. Just call it Capstone.
Chill
Ditto. Thanks Roo
Pep Boys is one of our major retail customer targets. I think it is relevant that they are in trouble.
Just my opinion.
Pep Boys cuts 550 jobs, closes 31 stores
PHILADELPHIA
Pep Boys - Manny, Moe & Jack said late Tuesday it cut approximately 550 jobs and closed 31 stores as part of a five-year restructuring plan, while its third-quarter loss widened partly on declining merchandise sales.
The job cuts, which represent about 3 percent of the auto parts retailer's total work force, all come from the store closures. Pep Boys said the stores, which comprise approximately 5 percent of its total store count, are located in ancillary markets and areas where shopping patterns have changed.
The company's restructuring plan includes placing more emphasis on its core automotive merchandise and maximizing square footage productivity. Pep Boys said it is aggressively marking down and selling noncore merchandise and slower-selling products as part of its plan.
OK then. We have until New Years day to get an order to make Q1 revenue goals. Let's see how that Cracker Jack sales team does.
GLTA
Hi Lucy, I did hear Howard say that. I have heard Howard say things like that many times before but as someone has said....it all depends when "revenue" is recognized. I think it is when you get paid (say...Net 45 ARO). So that being the case..... If I placed an order for STP tools today.......
Order Placed - day Zero November 21 2007
Shipment Received - day 90 February 19 2008
Payment Made - day 135 April 4 2008
Seems like we have to wait for Q2 2008 to see any revenue. But it does depend on the supply chain flowing smoothly and what the terms are on payment (Net 30, Net 45, Net 60).
All this is in my opinion and I hope to be proven wrong by order news very soon!!!
Happy Turkey Day!
I believe that Bart asked that question because he tried to go into the consumer electronics business (computers and such) when he was chairman of CBQI and failed. It spooked me to hear Bart's voice on the call. I hope he slithers back under the rock where he came from and stays there.
No closed sales to date and I heard nothing but excuses for delays from Howard this morning. Did anyone notice that the 60 day delivery cycle Howard estimated at his last CC is now 90? What retailer in their right mind is going to go for paying up front for China power tool with a cheap STP sticker on it. I think we are seeing the answer. NO SALES TO DATE!
Same old crap from HU! Deja Vu all over again. "Just wait until next year." He just keeps pushing out the date when real results can be expected.
Form 10QSB for CHDT CORP
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13-Nov-2007
Quarterly Report
Item 2. Management's Discussion and Analysis or Plan of Operation
General - This discussion should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's annual report on Form 10-KSB for the year ended December 31, 2006.
Plan of Operations. The Company's plan of operations since the fourth quarter of Fiscal Year 2006 has been to focus on expanding Capstone's consumer products, including its private branding efforts, and OBS' building supplies business development efforts (centered primarily in South Florida). The Company will devote its available resources and funding to the expansion of Capstone. Except for occasional short-term loans from Mr. Ullman and other members of management, the Company's operating subsidiaries have to rely on revenues from operations to cover their overhead and expansion efforts.
The Company's current plan of operations is to focus on development of Capstone as its primary business and such an effort may include pursuit of and sale of Chinese-made products in North America under the Capstone name or under private brand names promoted by the Company. Capstone assumed the promotional, gift and souvenir business of Souvenir Direct, Inc. in the first quarter of fiscal year 2007. The Company decided to cease funding OBS sales operations in October 2007 due to lack of sales and the continuing national downturn in the housing construction industry. The decision is part of the Company's strategic decision to devote its available manpower and resources to the product development initiatives of Capstone.
The Company is seeking opportunities that potentially and immediately enhance our sales revenues and net worth as well as possibly contribute a positive cash flow and enhance shareholder value beyond the capability of our current core business line. As such, we are interested in investing in or acquiring companies that could benefit from exploiting the Company's financial and contacts with Chinese and possibly other foreign manufacturing firms. Our strategic plan has traditionally been to remain a trading company with low overhead and focused on exploiting its contacts with Chinese manufacturers to meet our customers' needs. We have shifted our strategic plan in late 2006 to focus on promoting Capstone low-tech consumer products - both those under the Capstone name and under the private branding efforts. Originally and secondary in our 2007 strategic plan was to promote OBS' sale of Chinese-made roofing tiles primarily in South Florida and secondarily in the Southeast. By October 2007 the Company had concluded that continued funding of OBS sales and marketing efforts would be futile in light of a national downturn in the housing industry and a lack of sales orders. The Company ceased funding of OBS sales and marketing efforts and devoting all of the Company resources to promote Capstone and its consumer products, especially the STP-branded products.
The Company may incur significant post-merger or acquisition registration costs in the event management wishes to register a portion of their shares for subsequent sale. The Company will also incur significant legal and accounting costs in connection with the acquisition including the costs of preparing post- effective amendments, Forms 8-K, agreements and related reports and documents.
While the Company believes that Capstone will be able to generate sufficient cash flow to pay its direct overhead costs and internal planned growth in fiscal year 2007, OBS does not generate sufficient cash flow at this time to fund its operations or any business development efforts and marketing and sales efforts in fiscal year 2007. With respect to Capstone and OBS, the Company will not have sufficient funds (unless it is able to raise funds in a private placement or debt financing) to undertake any significant business development, or extensive marketing, in terms of scope of campaign and geographical reach, of new products. Accordingly, following any future acquisition, the Company will, in all likelihood and unless the acquired business generates sufficient cash flow and profits, be required to either seek debt or equity financing or obtain funding from third parties, in exchange for which the Company may be required to give up a substantial portion of its interest in the acquired product or to issue large number of shares of its capital stock. There is no assurance that the Company will be able either to obtain additional financing or interest third parties in providing funding for the further development, marketing and manufacturing of any products acquired.
RESULTS OF OPERATIONS - For the three and nine months ended September 30, 2007, the Company had a net loss from continuing operations of approximately $268,000 and $792,000, respectively. For the three
--------------------------------------------------------------------------------
and nine months ended September 30, 2006, the Company had a net loss from continuing operations of approximately $140,000 and $224,000, respectively. The increase in the net loss from continuing operations was mainly due to additional overhead from the acquisition of Capstone. For the three and nine months ended September 30, 2006, the Company had net income from discontinued operations of approximately $212,000 and $715,000, respectively. The net income from discontinued operations for the three and nine months ended September 30, 2006 was due to the revenues from Complete Power Solutions for the quarter. Complete Power Solutions was disposed of as December 31, 2006.
Total Revenues - For the three and nine months ended September 30, 2007, the Company had total sales of approximately $815,000 and $1,415,000 respectively. For the three and nine months ended September 30, 2006, the Company had total sales of approximately $401,000 and $820,000, respectively. The increase in revenue was due to the acquisition of Capstone.
Costs and Expenses - For the three and nine months ended September 30, 2007, the Company had cost of sales of approximately $457,000 and $804,000, respectively. For the three and nine months ended September 30, 2006, the Company had cost of sales of approximately $268,000 and $534,000, respectively. Operating expenses increased approximately $907,000, from $510,000 in 2006 to $1,417,000 in 2007. The cost of rent and other general and administrative costs increased in 2007 as compared to 2006 due to additional overhead from the acquisition of Capstone.
Liquidity and Capital Reserves. Historically, the Company has not generated enough cash flow from operations to cover its overhead costs and the cost of growth. The inadequacy of cash flow and the inability of the Company to consistently obtain funding and ongoing funding on commercially reasonable terms have undermined the former business operations of the Company and forced the Company to obtain funding from management and through the sale of Company securities.
As a small business and a penny stock company, the Company will continue to face difficulty in obtaining financing or funding on reasonable commercial terms. The Company expects future development and expansion will be financed through cash flow from operations and other forms of financing such as the sale of additional equity and debt securities, capital leases and other credit facilities. There are no assurances that such financing will be available on terms acceptable or favorable to the Company. Further, the increase in the number of shares of common stock in the public markets may reduce the ability or appeal of the Company to future sources of possible financing or funding.
The Company has no primary market makers and no ongoing institutional support in the public securities markets for its shares of Common Stock, which results in greater volatility in the market prices for the shares of Common Stock. The Company believes that this lack of ongoing institutional support in the public securities markets for the Company Common Stock depresses the public stock market prices for the Common Stock and increases the ability.
Government Regulations. The Company is subject to all pertinent Federal, State, and Local laws governing its business. The Company is subject to licensing and regulation by a number of authorities in its State or municipality. These may include health, safety, and fire regulations.
Impact of Inflation. To date, the Company has not experienced any significant effect from inflation. The Company's major expenses have been the cost of marketing its product lines to customers in North America. That effort involves mostly sales staff traveling to make direct marketing and sales pitches to customers and potential customers., trade shows around North America and visiting China to maintain and expand distribution and manufacturing relationships and channels. The Company generally has been able to meet increase in costs by raising prices of its products.
Country Risks. While the Company's strategic decision in 2007 to focus on Capstone's consumer business has shifted the primary business line of the Company from a Chinese-oriented trading company to one focused on promoting Capstone's consumer products, China still remains a primary source of products for the Company's Capstone. Almost all of the Company's contract manufacturing operations and sources of products
--------------------------------------------------------------------------------
Are located in China. As such, the Company is subject to significant risks not typically faced by companies operating in or obtaining products from North America and Western Europe. Political, economic and trade conflicts between the United States and China, including possible conflict over North Korea's nuclear weapons program or the independence of Taiwan, could severely hinder the ability of the Company to obtain products and fill customer orders from the Company's current Chinese manufacturing sources. Further, Chinese commercial law is still evolving to accommodate increasing capitalism in Chinese society, especially in terms of commercial relationships and dealings with foreign companies, and can be unpredictable in application or principal. The same unpredictability exists with respect to the central Chinese government, which can unilaterally and without prior warning impose new legal, economic and commercial laws, policies and procedures. This element of unpredictability heightens the risk of doing business in China.
China is also under international pressure to value its currency in a manner that would increase the value of Chinese currency in respect of other world currencies and thereby increase the cost of Chinese goods in the world market. The Company does not believe that such revaluation of Chinese currency would adversely impact its business because of the low-cost nature of the Company's products and the fact that U.S. dollars is the currency of use in all of the Company's commercial transactions.
More like Hans Solo in Carbonite until we get sales order news.
Contest Estimate Average
07Q4 -- 0.066
08Q1 -- 0.112
08Q2 -- 0.202
08Q3 -- 0.342
08Q4 -- 0.470
Hi Roosterdoo,
Did you get any feeling as to what Howard might have meant on this observation of yours?
18 Will comment on stock next week or so, and thought shareholders would be happy.