Hey all - I don't do much with penny stocks anymore - however this one did catch my eye. I called Weston this morning and had quite a discussion with them. According to him, CHDN is a trader with a license to be a market maker. They represent no one - just trades specifically for its benefit. I am working on verifying that information. So, os, float, etc. are still the same. I did talk to him regarding the Euro investors - there is more to the story than really posted here - however this stock was not really to start trading until this end of this month. The Euro investors started the ball rolling by selling their shares. Are they out of shares? That I don't know. They are pulling a NOBO list to see the change in the shareholders names - also to get a short count. In actuality he would like to see the volume dry up - as it would make it harder for CHDN to cover. Bottom line is that he feels as long as CHDN is sitting out there the stock will not go anywhere anytime soon. He stated that once he leaves - feel free to call him or TA and get a share count and it will be the same.
Seemed to be a pretty up front fellow - moreso than those I have talked to in the past. Anyways - just relaying the information that I have received - take it as you wish and always do you own dd.
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