Replies to post #58796 on Crednology Holding Corp (fka COHO)

[Splash59]

Wow TCK what a strong DD...hope everyone gets it. Now about time Rusty gives us a strong update.

This is a note that was taken out in 2013 to cover a IMO shady deal done by the previous CEO when it was Cooper holdings to cover his butt on some money he owed someone. This below is what I think the note above is for:

The estimated fair values of the identifiable net assets of Cooper Holding Corp at March 30, 2013 are restated as follows: There were two notes issued by the Company prior to acquisition of Crednology, Inc. The two notes in the amounts of $12,000 and $33,835 have been reclassified to accounts payable with conversion features.

[webber2]

Makes sense. Maybe rusty was waiting for those to convert first before putting out news.so they wouldn't convert later when the stock was up and collapse it. I wonder when the maturity date was or if they had a time limit on when they had to sell all the shares.

[mdm92]

This makes some of the weird training we've seen the last couple years make a lot more sense. I couldn't figure out how it would sell below the bid sometimes. It also gives an explanation for why people would block the stock from going up, and why there would always be small sells into the bids. Glad to hear the last of it is gone.

COHO