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BDEZ...I have no idea who this guy is...Yahoo Finance jsut shows him as the major holder...
Yahoo Finance says major holder Jerome R Mahoney has 2.5B shs as of 2/2008...most shares maybe held by one guy with a small float...a very small amount made the pps vault 33% this morning...
AOL Finance says OS is 1.15B
Interesting that 350K shares makes the pps move 33% up...that bodes well for the pps if that small a trade generates that big a move...maybe there is some credibiilty to the claim that all shares are bought...
I know this is off topic...GDHI...so if you are pissed at me for posting this just ignore it.
Does anyone think the role of a MM will change as a result of the Goldman hearings? Specifically the MMs who short stocks in the pink world would have to disclose whether they are short to potential and existing company shareholders? Will it affect the tendency of investors in pink stocks to buy / speculate on these stocks. For time and memorium MMs probably have not divulged their positions assuming an investor can make an informed investment decision having read the prospectus. In the new world of derivatives and the ability of companies to hide liabilities in off balance sheet vehicles (SIVs)thus not completely disclosing all risks in the prospectus MMs should disclose their positions and why...since all risks are not in the prospectus. I
Agreed...I think he will be able to execute his gameplan quite well
I have seen these kinds of dreams expressed many times on pink sheet co. boards and have never seen one pan out in the time frame you suggest. In order for someone to walk away with $40 or $59 M someone else must put it on the table and it won't happen until GDHI reaches legitimacy...audited FS, OTCBB registration, consistent sales and earnings and a significantly reduced OS. Once the Billion OS is off the table you still have a tradable float of 725M and change. Frank can sit on it and let earnings catch the OS or reduce the OS which means using SIGNIFICANT cash. My guess is he will let earnings catch the OS since he has categorically put a RS off the table. I see at best a $.05 in the next year and the rest depends on sales and earnings with perhaps some hyped pops in the pps along the way...I just hope I can catch it when it happens. In the next two or three years we should see stellar sales and earnings growth on the order of 5 to 10x for the next few years. My hope is Frank takes on debt as opposed to selling shares. Credit should be readily available in China. Now all he has to worry about is staffing up fast enough to properly coordinate import, distribution, quality control and collection. There is more than enough Twinkies in America for every Chinese citizen who wants one.
Owyhee...that was cute...
I hope Dragon5 is correct that many indifferent investors will believe the quarterly report and put their money in...as I said the financials on the website look good...I am here and planning to stay...the appetite for risk seems to have returned to the market...
The short maybe betting that more will pull out if the quarterly report does not bring in new investors and the pps lags...may not be a sound bet...
Ok...thanks for the comments...peace
Fear in need of comment:
According to IHub the last SEC filing by GHDI was in 2008. According to Yahoo Finance it was 7/2009...schedule D - exemption from registering stock issuances above $1M. GDHI posted annual financials on its website but they are not audited nor filed with the SEC. This quarterly filing we are waiting for will not be filed with the SEC either... So I am safe to conclude that GDHI is not a fully reporting company...I think so. Indifferent, quantitative investors look for certain attributes of companies before they put their money in such as (1) Audited Financials (2) Clean audit opinions (3) timely filings (4) blow out sales and earnings (5) an advantage - product, expertise etc. Even if the quarterly report is a "BLOW OUT" there is no over sight or analysis by the SEC so are we fooling ourselves into thinking this report will vault the pps to new heights. Achieving compliance with all SEC regs that make one a fully reporting company will take a year (audits, reviews, filings). Until then GDHI pps may langusih right about were it is. The short recognized the short comings and took advantage. Comments anyone...what am i missing...?
Anyone have any idea when quarterly financials will be released...?
Only $1K in trades this morning...we need vol to PICK UP!
Bad....SPNG...no other explanation necessary...
50M shs traded and no movement in the pps...that is theoretically impossible...the buy / sell ratio cannot be equal all the time...i am an unlucky so and so...i rarely indulge in these pinks but every once a while I dabble and i am two for two...buying the very one that the shorts grab hold of...frustrating
We need financials and some 10,000 pound Gorilla like buying to convince this short to leave us alone (cover that is). For now he can issue shares like helicopter ben has been printing dollars. I know there is no credible evidence that this stock is being subjected to NSS but i think its only thing that explains why the pps is languishing at these levels given all the good that is swirling around it...shipments, working capital commitment, the Chinese economy is ON FIRE, the US has sparks flying, share retirements, expected sales (traders usually buy the rumors and we have plenty of good ones) ...IMHO NSS is the only explanation. The tradeable float must be tiny given the number of shares we hold...where are the shares coming from that would suppress the pps like this?
I will add to my position today as I plan to every month going forward looking forward to the day we can kick this shortie in his xxx!
I have to agree with owyhee...especially since we see that the ceo is going to sell 20m shs...what happen to the retirements...he is negating the effect...this is minimal but dilution just the same...i have seen these pink share mgmts do this chit so many times it stinks...now the new blood will stay away because usually this sale is just the beginning of more dilution down the road...CHIT!...the first quarter needs to be a BLOCKBUSTER or we will sit subpenny until next year....
The CEO is decreasing the OS by retiring shares not in the tradeable float and then increases the tradeable float with this 20M sh sale... This is typical behavior for pink stock mgmt...this is "quasi" dilution...not big so that is good...still dilution in the sense that increases the tradeable float...
I said before excess shares are like debt...really hard to get rid of only tougher because the price goes up as your success improves...
Yes...my sentitments were only rhetorical...the pps just seems to act in VERY strange ways...we need for it to make a definitive move to the upside...perhaps the 1st qtr report will do it...
The PPS is really weird...how does 41,500 shs make the pps rise 5.5% when 20M shs trade before with no movement...weird....notwithstanding the laws of supply and demand
Well...thought my page was on the fritz...great data on the company guys but none of that will cure the short...
Shorts look for companies like GDHI who have issued huge number of shares in pinks knowing the company does not have the resources to fight and in the mean time existing shareholders get taken advantage of...
Kastlem is right...the SEC gives not a damx about the pinks so shorts can take advantage of those of us looking for the end of the rainbow...which exists if it were not for shorts...gdhi pps should be $.01 or $.02 by now...
The SEC lack of attention prevents thousands of companies from using the OTCBB to get off the ground and create jobs...shorts are allowed to come in rape the companies and the shareholders.
And now the financial services industry reform bill will do NOTHING to cure the problem. This creates an environment where a HUGE % of the population will never get their jobs back...the job creation machine is being blunted by the financial thieves with MBAs and JDs cloaked in short positions in pink company stocks. It is easier to steal than create jobs...
kast...got no problem with your position but the company created the environment for the short with the shares issued in 2009 and now mgmt is forced to their credit and detriment to give up give up a large portion of their own shares to create value for existing shareholders...that is GREAT...creates HUGE shareholder loyalty so I think there will not be a huge number of shareholders bolting once the fun starts which mean an exceptionally high pps for US!
Patience...the quarter just closed yesterday...mgmt needs time to consolidate the numbers...give the bean counters a break...i anticipate a positive quarterly report...todays PR, hopefully, was just the beginning...Q2 and Q3 should be very good...
Shark...i refer to the shares that were issued last year to repay loans etc...look at the reconciliation schedule attached to the annual financials at the website. The CEO does something that most pinks would not dream of...outlining exactly how many shares were issued and why...it amounts to dilution in that you have hundreds of millions of share OS and no earnings or sales to accompany them...so it puts mgmt in a good, cash flush short term position but intermediate to long term it weakens the company in that it does not have the resources to defend itself against an aggressive short thus trapping existing shareholders into a holding pattern pending sales and earnings which may not be sufficient to attract enough buying pressure to cure the short problem... ALso, a rising PPS prevents a young company from reducing the OS without a RS because it can't afford to use working capital on share repurchase when its needed to fund operations and growth... a real catch 22...a rock and a hard place...a trick bag...etc etc etc... without stellar growth in sales and earnings the pps may languuish for months...this is what the short is banking on....will sales be stellar...i think so accompained by earnings....and i hope the buying pressure comes...but if china has a short term hickup it could delay the materialization of the buying pressure for chinese based microcaps generally...
Hmmmm....lower highs and lower lows...worrisome in the short term...
I am waiting for the bottom to buy...the question...can i catch the falling knife and grab shares at exactly the bottom...
Every time I start to buy a decline like yesterday happens...
Where is the bottom...?
I expect that this will come off that bottom like a rocket but not in the next few months...
It sounds like the 600% rise was manufactured by the short to bring us all in and short us down and now he is waiting for us to panick out and so he can then buy in again for another set of traders to rob in another manufactured rise....
THis is the mess mgmt gets itself into when major dilution is used to solve short term problems...
I am still supportive of mgmt...just making an irritatied observation....
As I said before...dilution is like debt...a damn hard thing to easily get rid of....
Well...been away from my computer all day but monitored through my iPhone...looks like this desparate short is going to give me a HUGE buying opp...I am getting funds together now for another 2M +...wish i could do more...
Quite a down day...15%...ouch!
Kast...oops....sorry....PSC IMHO is overhyping...better to stick with the substance of which GDHI has PLENTY...
Kast...our problems are not present in China yet but they will soon make an apprearance in the form of a big mistake primarily caused by "HUBRIS". It hits all groups which are prone to becoming insular...like a political party in power too long...the communist party will hit the same wall...the catalyst will be younger chinese growing up, maturing and demanding more freedom to run their own lives. This maybe quite a few years away but sooner than any of us think. Hubris is what is destroying the imam control in iran...as the population matures and demands freedoms. The dictatorships, commanders, despots...whatever you want to call always insist on retaining power (hubris) and a populace wants to go in a different direction.
Buyout talk is WAY WAY WAY premature...GDHI needs a few years of proven execution, market share, an approrpiate capital structure (so competitors will see that they need to acquire because gdhi is strong and can't be run out of business) and a competent mgmt team before anyone will pour funds in. We are being shorted now because we are preceived as weak. Hoepfully we get a pre-emptive PR on or abount 4/1
Heaven forbid...if this is the pps response to a major short covering...
Knuckles...i see on schwab...no bid no ask...are the MMs on strike...Argh!
Dragon...I guess the short is have some short term success...many investors may be leaving to chase the NASDAQ or Dow because with the $ strength all of sudden hot money is moving into US stocks...I think its temporary but i could be wrong.
Message boards are like prostitutes...you can't tell which one is healthy by looking. You really can't tell what posters are telling the truth by reading the post. Lots of posters have nefarious motives for posting. For example if were a short and wanted the pps to keep dropping he or she would post negative sentiments to get existing shareholders to SELL. So all posts must be taken with a "grain of salt" and we must all keep in mind where we have chosen to invest...the pink world...a world populated with mostly honest investors who are preyed upon by shorts and others versions of mischief makers whose sole objective is to take what funds have been put on the table by whatever means necessary. So don't lose you nerves because of negative posts....particularly newbies. I look at patterns of behavior...those who have a made reasonable posts for a reasonable period, I think, can be trusted. All others...keep you hand on your wallet as you walk by...
I am holding fast at 1.1M and will add soon...
Manipulation...but for what reason is baffling...
Also who is doing it...MMs or the short ?
Ferris....I think you mean $5M in "sales"...not earnings correct?
Yes...i see...now down 9% now...
You are right about traders...they are standing on the sidelines waiting for the bottom...
Greenpar...the chinese will love western wines...an excrept from your post link says some chinese wines are mixture of "apple-juice concentrate mixed with grain alcohol"...i think a good merlot should excite their tastebuds...all 250M of them...
I wonder how you say "wino" in chinese? !
Dragon...interesting...well he is getting his head handed to him because obviously no one is biting...good for the longs...
Look like the MMs have locked the pps down...not a tick despite 1M more volume...i guess we are in holding pattern 'til the reports come in...
Captain...do we have enought fuel to maintain this holding pattern?