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Actually they did not make any money, they lost money. Further, they predicted 11 million in yearly revenue and then confirmed it mid year then booked 6 million. While I beleive the revenue increase was good the bottom line is no credibility equals no rise in share price. So we wait to see what 2009 brings.
I certainly hope so! Lets get on with the earnings already!
Stick to your guns, this stock has a better chance short term of seeing .008 than it does of seeing .02. Of course the current shareholders want you to buy, myself included. However, anyone who is a long term holder and is honest has to admit this stock is a dog! GLTU! By the way todays volume is the precursor to the earnings. When they come out the newbies will look for the quick pop and dump and we will be left to await another quarter. Of course mamagement will dangle the proverbial carrot for the rah rahs...
U, you remind me of a lot of posters on a lot of boards I have visited over the years, mostly in the early days of the bull boards ect.. I don't always agree with what you say but I love your enthusiasm, good luck to you!
It appears Ken has worked for some of the big boys so his credentials appear solid. Do we have enough money to explore markets in other countries is the big question to me. Also this was rather disconcerting:
"The US retail market is not expected to fully recover in the near term and although our products are being received well at retail, the velocity of sales has declined across all categories."
Decling sales across all categories is not good, however I realize we are in a terrible economy!
Good luck all longs!
Wow Lucy thanks for all the information and thanks for taking me under your wing! If your not certain about the generators and the tiles ask Howard the next time you speak to him. They actually used to sell them but that was a long time ago! On a brighter note soon companies like citigroup, AIG, Bank of America and GE will be trading for a penny. That will open us up to a whole new group of investors who never used to dabble in penny stocks, LOL! Good luck to you.
I am as well! I used to flip some but its difficult with little volume and a steady downward price. GLTU!
It’s funny because this company actually has several things going for it such as suppliers, a distribution channel and an in with several big box retailers. However, the business model of jumping from product offering to product offering and throwing them against the wall with the hope that one will stick is ludicrous! Taking a look at the product offerings of this company over the last few years will make your head spin. We sell trinkets, no it’s over seas building products, no its generators, no its roof tiles, no its stp tools, no its neck pillows, no its secret diaries and PPS, no its eco lites no it’s...... Please tell me what do we actually sell? Sigh........ Can we please pick a sustainable product line, market it, and sell it? By the way what ever happened to all the rep. groups we signed on with to sell the STP product line? Anyone please provide a link to any sale where any of these groups were mentioned. Some have asked why this stock is at a little over a penny, well, any more questions?
RVD, I assure you no one from CHDO will be jumping on any plane. Just another in the long list of over promise and under deliver from this management. Life goes on, funny we were told by some on this board that management was credible and they had turned a new leaf! To me its just the same old song and dance. Apparently you are feeling slightly jaded as I rember a while back when you were touting the virtues of this shell company. Good luck to you!
Why wait, contact them if you want and report what you find. Just remember to take what they tell you with a grain of salt. Or a whole shaker for that matter!LOL!
We are targeting a market of racing fans to buy the STP products. Whats the problem with that you ask? Well, we have no real STP tool products to sell them. As usual the mis management of this company keeps on moving right along. A day late and a dollar short consistently.
Well at least we know now why there were so few press releases lately. Plain and simple, the company had nothing good to talk about. By the way what ever happened to all those rep groups that were partnering with us to help move product? Rumour has it they are still at a port of call locked in a container with some old generators awaiting final inspection before they are allowed in the country, geesh!
Maybe people are in shock U because if that graph/chart is right then the company did less than 7 million for the year. If so what the heck happened to old Stews revenue forecast? Also what happened to the 4 million Q3 backlog? Ah, life with the penny stocks. Yep folks there is a reason they are a penny or two. Its called no credibility when it comes to management and their forecasts. Carry on and good luck bag holders uhm I mean longs (myself include although its only a couple hundred thousand shares)!
Yep, you gotta love the appetizers!LOL!
To bad U at least you would have gotten some appetizers for the money you invested!LOL!
It will normally fill at what the ask is not what you bid. Hope that helps.
U are you concerned that the STP program has reulted in only a few products with limited placement? That in a nut shell explains to me why the share price has suffered. TIA
Sorry Lucy my bad. I quickly read it as "we will" not "will we". Sorry, maybe my inner ear infection has moved to my eyes, lol!
Pat it seems you have come to the realization that this company is........
U on this point we agree. That being said you can not be happy with the current share price!
First you post:
"Will we hear from the Company as to how the shareholders mtg went today and what was discussed and the future plans for the Company?"
Then you post:
"No PR will be forthcoming concerning yesterday's shareholder mtg, which is not unusual at all."
And the beat goes on, Pleaseeeee!
Care to explain?
U I wan't to personally thank you for supporting what little is left of the share price. If you were to stop buying what little volume we have would dry up. This stock is on no ones radar and for now we are left holding the bag. I will say however in all fairness its hard to find many stocks prospering these days. I look foward to the 4Q results as I expect to be profitable again. Heck, that might even spike the shares to a penny and a half.
Thanks, I will have a look at my location.
Can you tell me what State those pictures came from? I belong to a BJ's in NJ and have been checking for product, last time I checked was last week. No product in my NJ location but I will check again today!
Someone has been slowly bailing for a while. However, to me this stock has turned the corner and I would expect to see good things. But, it will take another year in my opinion before we see any sustainable share price increase. The economic situation will remained to unsettled for big sustainable gains. AIMHO of course!
Any specific revenue formula you are following? TIA!
Care to share how you came up with that valuation? TIA! Also, I doubt the company is "dumping shares" Thanks
Lucy, interested in your opinion why volume is so low today given the great filing. Do you think word has not gotten out yet? B/A .016/.02 is a large spread given the news.
I just read the PR and I have big problems with it! Okay, just kidding, this news is beyond great! The company is now starting to ramp up as they said they would. I will gladly eat crow if they make the 11 million revenue number, they are now at about 8.3 million with the revenue plus the backlog. Turning a small profit and assests increasing by 2 million is also huge. This filing should make additional credit more readily available if needed. All in all a great report! If the markets were not so fragile right now we would have a two or three day rally and the share price would be .06-.10! Go chdo!!!!!!!!!! On a side note sad to know Porky sold out (he did right?)
Just think what would happen if we all sold, LOL!
Pork, I always enjoyed your posts and discussing this stock with you. Take care of yourself and good luck in the future. May God bless you and your family!
Thanks for the update Flip!
Was away for a while, last thing I posted was a recovery one afternoon. I only missed it by about 1000 points on the dow, lol! I am out of the predicting game! Good luck all longs. The US economy is still in for a long rocky road ahead!
People are gonna come back from lunch with a full belly and say "its time to buy the big boards" . Sit back and watch!
I predicted a test of 10,000 a long time ago! A test of 9000, no I didn't think I would see that. By the way I have a feeling the major indexes dow, nad, s & P will close positive today. Big money is going to start flowing at any time!I bought back in some more yesterday. Just my two cents.
Reward, .015 now thats funny! Good luck to you.
Just my opinion but bailout will be voted on again and passed by Friday, Monday at the latest. The last go around when the bailout was defeated was posturing by the politicians as they are all up for election this year. Now they can say "see I didn't initially vote for the bailout but instead worked on a revised plan which is better for you the tax payer" blah, blah, blah...It will be done Friday or Monday.
Don't worry U I am pretty confident you will have more oppurtunities.
Is Porky still around? I haven't seen him post the last few days. B/A .015/.016, everyone who was gonna be soooooooo happy when this went sub .02 so they could "buy more" of this great company, hidden gem. Well here is your chance, scoop em up! Geeez
Hi Lucy,
If you recall, many months ago I told you the DOW would test 10,000. It was slightly below 13,000 at the time. Well, the time is here. I have choosen to dollar cost average in all the money I pulled off the table in December, (bad move). Good luck to you. Fat cats shorted the market today knowing that bailout would be defeated by democrat and republican bickering. Now mark my words, a revised bailout measure will be passed within a weeks time and those same fat cats will sell the 600+/- rally. You gotta love wall steet. By the way if you think this bailout will smooth things over I have another story for you, credit card crisis! How do you think average joe has been paying for gas, food and the mortgage, charge, charge, charge...and I ain't talking about a football cheer. The looming credit card crisis will make the mortgage crisis seem small in comparision. If you don't beleive me then google cretit card crisis and read up. Its not being talked about but there is another shoe to drop. Well, I gotta go watch Monday night football so pardon the spelling errors, no time for spell check. Good luck all longs!