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I saw the notice on their website and it was dated 10/27. So, you can pay/sign up to get a head start on them restricting a stock? What a transparent operation! You need to subscribe to get accurate info. Another reason why this business is all a f###ing scam. Not DTCC but the markets in general and the "regulators" that "suppose" to be in the business of protecting the average joe
I am not doubting the legitimacy of DTCC but I have done quite a bit of due diligence on CBBD and do not see how they compare to the other securities that have been halted in the past. Unless, I am dense and extremely stupid....this restriction has to do with outside manipulation.
I am willing to admit when I am wrong.... and there is a good chance I am wrong about CBBD! However, the business model, institutional ownership, and Chinese Govt approval, I have no reason to doubt they are legitimately trying to make this work.
What happens if they get approval to be listed on the Nasdaq Global in terms of DTCC implementing this restriction?
I apologize in advance fo rmy spelling... I just left game 7 at Busch Stadium.
How is it a service that is subscribed to when the info is available on their website for free? So, what you are saying is that the stock will no longer be traded as of Monday 10/31/2011?
Yes a company can be removed from this list.
On another note...... Go Cards!!!!! Congrats to the STL Cardinals my hometown team.....and to David Freese my former high school baseball teammate!!!!!!!!!!!!!!!!!!!!!!!
Easy to say for a guy that hit a homerun with his short on NFLX. BTW... well played!
Thanks... some good info. I find it interesting that they can restrict the buy/sell of a stock without filing with the SEC under that company. Am I missing something? And not listing as to why they are restricting the stock? It doesn't seem very transparent to me?
Fair enough. Since you managed to pull the info no one else seemed to have that you possibly had some details we all would find important. Since we do all have positions in this stock.
Do you by chance have a position in CBBD?
So, your basically stating that the company is manipulating the share price and this happens when the company is possibly involved in a fraudulant way? I really haven't seen any hype from anywhere except the usual penny pushers but that was months ago. Also, for a stock trading at $0.07 the volume really is not that excessive.
Never a good sign meaning.... the stock is being manipulated or there is a deeper problem within the company itself?
PLAYER ONE ... what are your thoughts on this?
I completely agree. At $0.07 throwing around 50K-100K blocks of shares does not require much capital. I even wonder if there was pressure from Fidelity to calm the volitility by restrciting the shares this way. If the company was behind this restriction I believe that is a sign they are serious about this.
NickC....
Thanks for the info, I hope everyone reads the entire page to gain an understanding of what is happening. This is not necessarily a bad thing. I have the level II quotes up on CBBD all day and there are definately some suspicious trades that are being placed and executed outside of the current bid/ask. My best guess is that the company asked to be place in trade for trade. Thoughts?
I don't know about the others on this board, but I am not daytrading CBBD so it has no effect on me.
Not quite sure what your point is? DTCC is not the only clearing firm in the game. Also, there is no mention of CBBD in any of the links.
Does anyone have any new info to share?
Yes I get that, I was hoping you had some in depth calculation as to why you value the company at $785 million.
Can you elaborate on your 785 million = $1 a share? Not sure I get your point.
Thanks
The 10Q was filed on 8/15/2011 not a few days ago.
1. If you have ever watched Tobin Smith on Fox you would know he is a bit off....and lets be honest the WWE thing is in a weird way good. As far as the Nasdaq listing goes, the paperwork has been filed so it's a matter of waiting until the exchange responds.
2. I would assume these would be announced after or very near the launch and possibly after the upgrade to the Nasdaq. They may also be waiting to secure more financing before announcing.
3. Its easy to be confident when you don't have a working product yet. We'll have to wait and see if they have all of the kinks ironed out once it goes live.
4. I hope this statement is true. With the revenue he spoke of, they are going to need all of the margin they can get. It seems as though they will only retain a small % after everyone is paid.
5. If they are truly going to offer movies etc at the prices of a pirated dvd along with HD quality, then this thing is going to be big and probably a takeover target down the road.
6. I agree the experience of not only him, but his management team is huge. The question is..... can they execute in a country that is highly regulated by a COMMUNIST government?
Fidelity Hong King was started by the same Fidelity we all know. It was formed as their international division to serve clients outside the USA. All of this is on their website for everyone to see so there are no hidden secrets and this is not a company that simply has a similiar name.
Yes, FIL is in fact Fidelity. Every SEC holding report they have filed for the last 5 years has been under FIL and not Fidelity International.
http://microcap.sidoti.com
the previous post was incorrectly uploaded...sorry
CBBD to present at Semiannual New York Micro-Cap Conference
on January 9, 2012.
A few months away, but still important.
[/url][tag]http://microcap.sidoti.com/[/tag]
I apologized in advance and I would argue that was denigrating. I simply disagree with your thought on the matter. That is the point of these boards, open discussion on a topic (without directly insulting a person or name calling)
The amateur hour comment was uncalled for, I admit and I apologize. But nonetheless, the Fidelity news was indeed several months ago and calls into quesiton your statement that no institutional fund would touch a penny stock.
Yes fenixrizin..... it's called www.sec.gov
I guess promises are meant to be broken. I can't help myself...... this board has turned into "Amateur Hour".
PrestonJames.... don't even waste your time responding to them.
I promise this will be my last post on this board and I apologize for the negative remarks in advance.
You are completely incorrect in your statement. The mere fact that you think we as shareholders (all retail investors.. myself included) really make a difference shows your lack of understading of the investement world. We can buy all day long and let everyone know about this company, but we do not matter!. One more time... We do not matter!
Hedge Funds, Mutual Funds, etc have the research depts to validate and perform due diligence on companies. Their buying is a stamp of approval to the retail investors which will then drive up volume and price.
In all likelyhood, the institutional side will buy via private placement and will not reflect in near term volume. Some will buy ibn the open market due to the low price (we can only hope).
Only 300 shares traded 1.5 hrs into the trading day. If you see large blocks hit on the buy side we may begin the upward movement everyone wants.
Yes we could, but we need institutional buyers more than we need information. We can get news all day long, but we really need validity via institutional buyers.
The only thing we may get from this conference is increased volume on the buy side because people at the conference liked what they heard.
Everyone needs to realize this is a long term play. Not a quick pump in price. And who cares if the wrestling fans may have interest? That idea is no different than the pump n'dump dbags sending out their crap recommendations.
All of you need to relax. What news are you expecting to get out of this? This is not a press conference! It's a sales pitch to institutional investors.
I apologize for the misunderstanding. I too wish the price would stay down at these levels, but with the increase in volume and the price range of $.05 to $.07 holding, we may not be so lucky. I had limit orders in at $.05 today....oh so close!
stanlee1979...
Quit reading your charts! They mean nothing to a stock that trades in 50K lots all day long. This could go to $0.0001, but that does not mean long term it won't see $2/share. This is a viable business that has yet to really start doing what they are preaching as their main business line.
The $0.088 that Fidelity paid put in a price point that we are 40% down from. Not a big deal since we are talking pennies on a company with no profit. The down side is that to secure financing at this point from another source means Fidelity gets a chance to purchase more at the lower price as well which dilutes share value.
If you watch the level II, you will see that over the past few days large blocks on the buy side which is pulling the shares down. The people that bought at $0.12-0.14 are getting out and willing to sell at the lower prices.
Fidelity agreed to pay $0.088 not because the shares are worth that, but because they see a long term prospect worth betting $10million on.
And yes I do own shares, and yes I will continue to buy more, and yes I care if it goes to $0.0001, but taking a loss on a prospect is all part of the game.
Has anyone contacted the company to request they sign up for the webcasting of the conference?
From my understanding they did not have to be listed on the Nasdaq in 30 days, they simply needed to sumbit the application for listing which can take as long as 6 months for approval. So if you are waiting on a Nasdaq listing we wont hear anything until next year.
The fact that they are just starting to roll out their product this quarter (maybe next qtr) won't have any real effect on the financials until mid to next year. The recent price movement is simply all of the penny stock pump & dump crowd moving on to some other BS scam they received an email about.
CBBD is a viable business that has alot of room for growth. The question is how many homes can they get into and how well can they monitize thier offerings. Time will tell.