***** READ THIS IMPORTANT ***** No reverse split they say after the cusip change. So far they havent lied on anything so I cant see why they would now? Said another news on Forex in the AM. There seems to be 2 forces at work there. 1 is the Forex which is clearly run by Richard Scacantan and their core Payday license and lending business by Garr WInters.
Said they may do 2 PRs a day starting next week 1 on Winters activities one on Scacatans. I get the sense there will be 3rd force in play once they button up Global and Jack Chang focuses on the E Wallet and ATM. So far IR confirmed 2 but is hinting at 3. I did call Nevada and they confirm it is $35,000 to do filing. They did 11 filings. Thats like $385,000 compared to $35,000 they paid! Traders this company just saved YOU and ME $350,000 and we repaythem by panicking and selling like mad? HATS OFF TO THE MANAGEMENT!!! Good work!
Now..... I also inquired about the 40% drop in value today and so forth. IR says "Dont sell at 40% discount in the market. we will buy all CHNW stock back at a 40% discount DIRECTLY!" "Sell it back to us please!"
I asked how IR said "We wont do electronic purchases, we did that and it gets us nowhere" the way Cash Now will buy is:
1) email the company that you want to sell at a 40% discount on the day cert is received or the day of your request and signed agreement. whichever offers the true 40% discount.
2)Call your stock in a certificate format from your broker.
3)Mail in your cert by certified mail att Garr Winters with a stock power and your bank wire info
4) they say they will wire the $$$ within 3 business days.Said they have backers that will fund the purchase 40% discount no questions asked.
I said OK I want to sell you my position and he said OK do what I told you and lets get it done. We are OK for a buy back up to about 1.5 million over the next 18 months. Again reminded me that they have backers and wanted to get the ball rolling immediately! Not that Im going to sell but he sounded sincere and wanted to get the ball rolling ASAP!
So if anyone wants to jump ship and cant unload their stock at the price they want heres a quick exit. Now I did some math here. We are at 001 today. That means they are prepared and ready to buy 75% of the current float! (1.5 over say 2 billion) That would LEAVE A FLOAT OF 500 million!!! the kicker is the company says that about 50% of that is in friendly hands meaning non bashers flippers scalpers etc...
Theres a reason why they authorized more stock and theres a reason (obviously they have backers) to buy back at a discount. They will make money both ways!
Im not making this up! Call the company or e mail them! They will make you jump hoops till they are certain you are a shareholder and then they will make the pitch to grab as much stock as they can at a deep discount!!
2 PRs a day traders! 2!!!!! Plus how transparant they are for a pink sheet company, plus plus plus!!
I have close to 150 million shares now and no private account so I cant respond to private messages, nor do I want to. Now I can see why they went with a huge float, these guys are going shopping!!For those of you that dont know what that means It means all the stock they issue will be restricted for almost 2 years for whatever they buy. Buy assets= revenue= higher PPS= soon they will hit that penny value the CEO wants to hit!
lastly at 001 and 11 billion float makes them an 11 million $$ company. There are services like networksolution that appraise domains. My sources say the 3 cashnow domains org net and com are close to $800,000. The trust vault www.trustvault.com can be built or reverse engeneered for about $500,000. The booking engine on cashnow.net is uncertain but sources say it is real time technology and theres nothing out there under 2 millon $$$ for real time technology. Traders so that means over 10 to 15% of this companys assets are on line and "tech".
I think I wore out my welcome mat with the IR. Hes asking if I or we can locate another publicly traded Forex company other then ICE thats like $140.00 a share. If we can find one he says watch where they are what their float is and what their p/s is. (I think he knows of one or two and is toying with us, and that they are either going to merge into that company or buy that company hence the new OS to do it with)
I wouldnt be surprised if the next 3 or 4 days they come out with this news and offer us all like a 50% bonus like 0.0015 or something like that) This is my assesment and my opinion only!
Im staying Long with CHNW!!!!
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