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Re: 032798 post# 177

Monday, 03/29/2010 3:40:58 PM

Monday, March 29, 2010 3:40:58 PM

Post# of 696
032798...understanding your viewpoint.....

"I'm sorry. But you don't understand my viewpoint then."

I disagree. Your dislike of CCKH revolves around the possibility of a share reorganization and how it would affect the upside/downside of the stock. I do think I have a fairly good idea of why you don't want to be invested in CCKH (or any other shell) if it does a reverse split, because you believe it can have an overwhelmingly negative impact on the potential of the play.

I think your views on "negative" reorganizations (reverse splits) in shells are pretty well documented by your postings on the subject (not just on this board, but various others). Which is why you generally gravitate more toward "positive" reorganizations (forward splits). There is nothing inherently wrong with that investment strategy, as I also like to play forward splits when an intriguing opportunity presents itself. But just like reverse split plays, sometimes the forward split plays work out well and sometimes they don't.

I just find it rather interesting that some of the shells you have mentioned to support your decision to sell your CCKH position have/had share structures and market caps significantly higher than CCKH. Personally, the fact that ASMH (40+M shares, $1.5M debt on the books) underwent a share reorganization doesn't make me want to sell my CCKH position, regardless of any potential reverse split.

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