Replies to post #41394 on Capstone Companies Inc (CAPC)

[RG]

OK
Fact #1
This is GOOD in my books.
CHDT Corporation, a Florida corporation (OTCBB: CHDO), announced today that Chairman Howard Ullman has agreed to exchange 50 million shares of his CHDT Common Stock for 750,075 shares of CHDT Series B Convertible Preferred Stock issued by CHDT, which preferred is convertible on demand, which cannot be made until January 11, 2009 or after, for 45 million shares of CHDT Common Stock. The exchange will provide 50 million shares of Common Stock to CHDT without increasing the authorized shares and should be consummated in the next ten days

Fact #2
I don't think any Company guaranteess dates. They say it should be concluded and I can live with that.
CHDT is in the final stages of negotiating a conventional banking credit facility to finance STP® branded product production for pending orders and for inventory. Negotiations should be concluded this quarter

Fact #3
Company has prviously taken positions that they want money up front, actually a good way to do business if you can.
CHDT is also negotiating with its overseas suppliers in order to receive payment terms, as opposed to using conventional Letters of Credit, for filling STP® product orders and/or inventory, which arrangement should improve cash flow.
Gotta head out will give you more when I return.

[Uranium]

Shipping of products will not be delayed. Initial product manufacture, shipping, etc. will be paid for through 1)Today's Tender, 2)internal management "financing"(loans), and 3)external private financing(loans). We will get by fine until the lines of commercial credit are secured - and they will be.
U

[rvd]

Conventional Letters of Credit do Not require CHDO to pay $$$ before STP Products are Shipped.Use of Letters of Credit would not Hamper shipment of CHDO/STP products by China Manufacturers this Q as previously stated in News releases.*CHDT is also negotiating with its overseas suppliers in order to receive payment terms, as opposed to using conventional Letters of Credit, for filling STP(R) product orders and/or inventory, which arrangement should improve cash flow.