Some of you may be thinking why I'm only writing about CSHD these days so I'll give a few reasons for that:
1. If everything Rufus has said is true, this could be the play of the year for me and can get me huge gains on my small investment.
2. This stock is such a roller coaster ride and is a victim of so many attacks that its tough to lose focus. i.e. Doing DD on this stock takes up a lot of time
3. I've found two great places - HotStockMarket.com and Paltalk messenger for CSHD shareholders - to bounce ideas and DD with other people.
You may now ask - "So what's going on?"
Currently, the SEC is investigating if all statements made by CSHD and Rufus are correct or not, especially in regards to the ownership of bonds. A great place to start your DD is the First Page of CSHD thread on HotStockMarket.com (http://www.hotstockmarket.com/forums/showthread.php?t=43818). Here, you can find a link to Rufus's latest inverview on Paltalk that was even PR'ed by the company.
Some events that have taken place since I last posted:
* 6 Additional Shares for every 1 share has been promised to shareholders that held close of business October 16, 2006. According to the 10KSB/A, it would take 10 business days to get the share in brokerage accounts. From Rufus's recent interviews on SubPennyRadio, the recent activity by SEC may delay the additional shares process.
* Trading on CSHD is suspended as SEC claims that CSHD and Rufus don't own 100% of the bonds. Rufus says SEC has not done their DD. Rufus is happy about the Halt as he has been trying to get the SEC to halt the stock. Trading is expected to resume on November 7, 2006.
* I have paid $5 and checked gsccca.org website, searched for Conversion Solution filings in the Georgia Supreme Court under Real Estate Deeds and I'm happy with what I saw. I recommend that if you hold a position in CSHD, you should pay the $5 to see what's there as one should only trust his/her own DD.
Few of my Opinions:
* One concern for me is that SEC is a regulatory authority and even if everything CSHD has done is fine, they can still find something minor and do some damage. Its not a major concern, but its a little concern for me.
* If SEC validates the legitimacy of the bonds and puts a PR saying everything is legit, I think this stock will skyrocket without a 10Q.
>What's New:
* I think a CSHD shareholder committee is being formed
* Some shareholders have claimed on HotStockMarket.com that they're meeting with Rufus in Dallas today
Important Timelines:
Oct 30 - Original Date for Additional Shares (may be delayed due to SEC interjection)
Nov 7 - Trading for CSHD.OB expected to Resume and Judge expected to give a ruling (may happen before)
According to my CSHD Update II, my opinion was that the stock will be trading above $5 given the 8K/A financials.
The question I ask myself is --- why is is still below 5 and more importantly, why is it going down? My opinion is that the "Air shares" or floating shares are huge as indicated by company released PR. Also, as PR was released that TD Ameritrade shorted the stock and increased air shares, it makes my belief stronger that these same institutions are trying to cover their shorts and manipulating the stock downwards.
I heard Rufus Paul Harris and Ben Stanley on SubPennyRadio.com a few nights ago. Hotstockmarket.com's CSHD message board has people with good DD and I ask questions there if I'm looking for other people's opinion. Paltalk.com has a messenger client that you can install and then go to Finance | Investing | Spin Offs room to listen to subpennyradio live broadcast when CSHD is being talked about. Simon, the DJ at subpennyradio usually talks about CSHD at night these days. These are just some tools available that I want to point out that you can use to get other's opinions and please, do your own Due Diligence (DD).
As informed by CSHD, they have plans to go into NASDAQ. The Price Per Share (PPS) has maintained over $1.75 for almost a week today and I think CSHD should qualify to get into NASDAQ. Lets see, its for us to find out.
Patience my son/daughter, just keep telling yourself that.
I don't believe this stock will trade at $400 per share overnight or within the next few weeks given current conditions. But I do believe that it will be more than where it is today.
Again, patience my son/daughter.
Good luck.
Position: LONG
The writer was a LONG CSHD at the time of writing this article.
All this is my opinion. Please don't trade based on my opinion. Do your own DD.
I wrote about CSHD on September 28, 2006. Click here to view the article.
The stock was up 200% on Thursday from when we last recommended on Aug 24, 2006.
On Friday, CSHD closed at $2.45. I would like to give the readers a quick summary on what I believe went on and how I see this stock trading this coming week.
I think CSHD filed for 10K extension on Friday around 3:15 pm. With extension news, MMs thought they had full control of the situation and brought the stock down by shorting it. CSHD filed an 8K/A with audited financials after trading hours on Friday. According to the financials released and the assumption that there are 120M outstanding shares, 2x fair value of the stock according to me is approx. $13. I believe the 10K extension is filed as a safety measure and also to try to get people to cover their shorts at a higher price after the reset.
Also, PR was released that CSHD is in the process to get into Nasdaq.
If 10K comes out on Monday pre-market, I think CSHD will be trading above $10 on Monday.
Without the 10K on Monday, I think CSHD will be trading above $5.
All this my opinion only and please don't trade on my opinions.
Position: LONG
The writer of this article was a long CSHD at the time of writing this article.
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