CHAP DD by Thomas Allinder... everyone, take a look at this and see what you think. I already have a position but will be adding to it as I can.
CHAP...
O/S: 61M
Float 21M
Of the float, 16M is off the table and in the hands of a group of
investors through a Securities firm in CO. They are in process of
buying 2M more. That leaves 5M out and soon only 3M.
Why? Chartwell owns 50+% of SSMK... SSMK has a number of news
releases lined up for the next 3 to 6 weeks that will likely
move the stock higher. Addtionally, there are a number of contracts
on the shares of SSMK which if gone through with will push SSMK much
higher. Value of CHAP increases roughly 1 to 1.3M dollars per 10 cents of advance on SSMK.
Once the connection is made that CHAP owns half (OK, a little more than half) of SSMK, this should move the stock. I am told that an individual from American Express left AE to join SSMK to help in the business.
Why CHAP and not SSMK... CHAP is .08. SSMK is .40ish
CHAP: Chartwell is the majority owner of SportsStar Marketing, Inc.,
and owns National College Recruiting Association, Inc. and BlueChip
Illustrated magazine. SportsStar, through its NCRA and HELP
Divisions, assists high school students find scholarships, merit
awards, and other forms of financial aide for college.
See chartwellinternational.com
ncrasports.com
ssmk.com
CHAP also has some supposedly quality gypsum deposits that are worth
6-8M dollars. They have an interested buyer who is mapping the property now.
The CA property is still for sale... once the gypsum/property are sold, the cash will be used for more acquisitions in the ecommerce area.
Source of most of this info is IR with CHAP... Serena Riedel
717-786-7537.
Call the MMs on the stock too... they are listed on CHAP's page under
stock info. Centex Securities has been very helpful in providing info...
Do your own DD... not a rec to buy.
:-)
GB |
