Soft, trigger price
What that means is when the price reaches six cents the shorts are likely to bail. As you can see, CHDT hit six cents-plus weeks ago and is soaring now into total blue-sky territory and the shorters of the stock bailed a LONG tme ago.
If you are into the evil practice of naked shorting, there are way more attractive fishes in the OTCBB sea to catch and fry than China Direct.
Howard Ullman seems to have formed a phenomenal business plan, what with signing a lineup of generator sales and installation subsidiaries that will be "generating" in the neighborhood of $20 million each, per year... just five subsidiaries nationwide may generate around $100 million in revenue, and that doesn't even factor in the roof tiles sales which begin in earnest in August and which I understand wil gnerate another $40 million annually, if I understand the pricing correctly... Ullman said Thursday that he has in hand a Notice of Acceptance (NOA) in hand that allows his company to begin selling roof tile as of July 21st in Dade and Broward Counties where homeowners have been waiting one year for tile deliveries. At current production capacity their China subsidiary, Overseas Building Supply (OBS) can deliver up to 2.5 million tiles per month at an average price of $2 each. Do the math on that, if they can manage to sell out for several months... I calculate the tile revenue as (2.5 million tiles x $2 each = $5 million) five million bucks per month, meaning up to $60 million per year, possible just for roof tile. Divide it in half for the remainder of 2006 -- $30 M -- and add it to the generator sales and install revenue, and you get potential revenue of $130 million real dollars. For an OTC company that is unheard of, and this stock at .175 is called "opportunity."
The word is out on this stock. There are people sending out spam e-mails touting it for their subscribers and non subscribers alike that ullman doesn't even know who they are. It reminds me of the frenzy surrounding BRVO and SUWN in recent years, two very legit stocks that I also caught early, but sold way too soon, during their initial breakouts.
Twenty-three cents will NOT be the one year high share price for this stock, I will bet you on that! And this is definitely NOT a stock to be selling or naked selling at .175 cents, in my opinion.
I was happy to discover this board being so active. I usual only post on the BB chat board and RB.
GLTA!
