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Well after he stopped posting on ERHE he is just a one-trick pony now. It would be polite to clap for him once in a while, after all he is doing it for his supper . . .
Hard saying but I was in 2 different chat rooms today that had buyers in the .165-.175 range so will see.
Right - seems to me 1.0 is kind of misleading, and the 2.0 should be the real 1.0
I think part of that problem is Spooz may be relying heavily on consultants to develop their products, and they may not have continuity in support and maintenance. It could be too that thay are almost abandoning 1.0 and focusing on 2.0 - seems to me they should change the revlevel of 1.0 to 0.99 or 0.9901 or something like that and put it on the webpage. At least then they have some excuse for the typos.
SPZI - email from CEO
(note - I believe by this month he is referring to September)
Posted by: alliecorp
In reply to: None Date:8/29/2006 9:00:15 PM
Post #of 6201
An e-mail response from Paul Strickland.
I believe we are on the right track with Ameritrade. allie
There is some great news coming this month. As far as the Ameritrade rumor is concerned I can tell you that we are one of the first companies invited to write SpoozToolz to both their price and execution APIs. We are in the process now although Version 2 of SpoozToolz will not be released until early Q1 2007. Although we have not issued a PR with respect to this, you may post it as it is fairly common knowledge in the Chicago trading community and certainly not insider information. As for the terms of the Ameritrade, and other distribution and marketing considerations we can make no further comment at this time.
Best Regards,
Paul
312-379-3166 (office)
Thanks again, Allie. Sticking with it though I have been let down so many times by so many sure things in the past, I just have to give these guys the benefit of a doubt too. Either you believe or you don't. The 'trader' in me must have gone into a corner, cured up and died, though. Thats about all I can say. (eyeballs rolling WAY up in my head)
No actually they were reporting revenues until they changed names and did a 100:1 r/s.
Will see if the ask gets hammered at .01 and this goes subpenny we will get a clearer prcture. I might be back at .007 or so or if T/A is ungagged. See ya.
Do your DD - this company has reverse splitted 3 times already.
Remember cretin, the company has only received a small fraction of the payment, and they still need to pay the manufacturer to produce the rest of the order. Cash crunch ? Why is there an endless supply of shares ? Why is the transfer agent gagged ? Give us your story.
American Sheep is a total crock.
IMO the company may not be selling shares but they are giving them away for everything from toothpicks to toilet paper because they dont have enough money. And the people they are giving shares to are broke so they sell. And this will keep going until the next r/s.
Right. After all the madvillains and little birdies have sung, it finally comes down to some good old fashioned guidance from the horses mouth. I remain patient because I don't have a big % of my portfolio in this, like any good investor. And I never recommend stocks to anyone I know personally anymore just because of situations like this.
Right circlegridder but there will be spikes and valleys along the way caused by the speculative element. True longs will just see it as noise and not pay attention. Fundamentals will shape the long term chart. You would probably want to just look at the monthly chart on this one if you are a true long term investor here.
No problem MP - the Q says what it says. But there was as Paul Harvey would put it 'the rest of the story'.
You bet. I hope MP read ahead in this thread. But one thing to bring up in the CC is they need to file an 8K explaining the July 21 event. It is a material event. There is no way by just looking at the SEC filings one would know about it.
I am pretty sure since the report is for the period ending June 30, events occuring afterward could not be included in the report. They either have to file 8K or wait until the next Q.
I guess because it was a 3rd quarter event and the 10Q was for the second quarter. I tried looking for an 8K for the July 21 event but I couldn't find one. Seems to me they could have filed one, but they might not have had to. That might have prevented some of the confusion here.
jj go back and read the last 20 posts or so. It is a non-issue.
Right. And the favorable July 21 judgement should show up in the next 10Q.
China Direct Prevails in New York Legal Action
Friday July 21, 9:20 am ET
COOPER CITY, FL--(MARKET WIRE)--Jul 21, 2006 -- China Direct Trading Corporation (OTC BB:CHDT.OB - News) (China Direct), today announced Judge Richard M. Berman, U.S. District Judge for the Southern District of New York, ruled in favor of China Direct Trading Corp. yesterday, granting its Motion for Summary Judgment against Celeste Trust, Esquire Trade & Finance, Inc. and Investcor. The plaintiffs had sought their share of a $700,000 promissory note and 7,650,000 shares of stock in China Direct.
ADVERTISEMENT
In March 2001, CBQ, Inc., the predecessor corporation for China Direct, purchased the assets of two wholly owned subsidiaries of Socrates Technologies, Inc., Technet and Networkland, and provided a $700,000 promissory note and 7,650,000 shares in escrow for eventual release to the purchasers. In a separate legal action in March 2001, the plaintiffs, and their other co-investors, settled with Socrates and agreed that the settlement would operate as a bar to any further claim on the assets of Socrates. In that action the plaintiffs accepted a payment of $1.5 million to settle their claim for their $3.5 million investment in Socrates.
Citing the well-known legal doctrine of res judicata, Judge Berman held that the prior final judgment on the merits against Socrates prevented Celeste and its co-investors from making any further claim against the assets of CBQ or its successors in interest (China Direct). In other words, the court held that the investors in Socrates should not be allowed to have "two bites at the apple."
The conclusion of this action will allow China Direct to remove from its balance sheet any contingent liability related to this matter.
"We are delighted that this litigation has been concluded in our favor," said Howard Ullman, Chairman and CEO of China Direct. "And the company wishes to thank Bart S. Fisher, its prior majority shareholder, for bearing the costs to settle this matter."
Contact:
China Direct
Rich Schineller
Tel: +1-941-918-1913
--------------------------------------------------------------------------------
Source: China Direct Trading Corp.
Fair enough - I will apologize to happycampers in that he did hear MP correctly. I will add though that MP is reading from the 10Q which was dated June 30. CHDT did receive a positive jugdment for litigation on July 21, which did not make the 10Q.
There was a rumor that it sunk in the typhoon just a couple of days out of port. No one was sure for a while . . .
Does it matter ? You can say the same thing about almost every other hurricane stock out there. Many of them are still concerned with last years work. Like I already said, CHDT is a way to place a bet on the hurricanes, a proxy, even a hedge.
Pretty good analysis IMO. I think there was also some selling Friday by the short term players to get into other plays that were getting real hot in the last couple of hours of trading. OTCBB stocks are always pulling money from each other.
I also expect to hear something about expanded production of tiles, as they can sell all that they can make.
To the hurricane stock players it is considered very much a hurricane stock, yes.
LOL Moxy The Clown
happycampers is full of B.S. - MP never made such a comment.
CHDT did win in litigation about a month ago - see PR dated July 21. MP (Mike Parker) is a mod in the Stockhideout chat room and website. MP is a pure market technician and is not concerned with company fundamentals. I would be surprised that he made this comment. I will ask MP about this on Monday in chat.
Someone finally got their lead foot off the ask over there. Monday will tell lots.
Great observation !! And . . .
http://finance.yahoo.com/q/bc?t=1d&s=pbls.pk&l=on&z=m&q=l&c=CHDTE.ob
these momo plays will take from each other, though we did get some strong buying at the close which suggests we will be getting some of that momo money coming back in short order with a good CC Monday and maybe a PR or two thrown in. Will see !!
Many 'hurricane' companies might not directly benefit but still their stocks are proxies for the hurricanes. A way to bet on the hurricanes, a casino play. Could even be used as a hedge I guess.
The 10Q was thru June 30 - the NOA for the tiles was not received until July 20 so there were no tile sales recorded in the Q. Tell Jailbird to suck on that now.
I fully expect the CC to be at the highest most professional level possible. Nothing less.
I would expect some members of the press to participate in the CC, and I would not be too surprised to get a PR or other report out in conjunction with the CC.
Yeah if Rufus showed up at the ACTC conference call I would definitely be worried. Or anyone who talks like Cletus.
Right. And I dont think we saw many institutional buyers today judging by the lack of big blocks passing through for the most part. I do expect some.
Etrade closed 1.60 but 1.61 crossed late.
Good strong close on consolidation day. Was expecting more, but tomorrow is another day.
ACTC will drain the other plays tomorrow.