Not sure if the thread had read this. You post so many messages and I had a problem accessing some.
Do you think $1 is possible?
stockhouse.com
From: Others
Subject: CHES
To: stockman@megahits.com
fr: Bill S
Acctual News releases:
Sym: [CHES]
Float: 40,000,000
Outstanding: 80,000,000
Fri.'s Close 0.12
These are some of the reasons I Like CHES...
Brief History:
Company was completely defunct... Trading low volumes very cheap... Then someone or group of people decided to use the one and only asset
CHES had... and that of course is the fact that it is publicly traded... So on the scene came Michael Oshea to reorganize this empty shell... In this
regard he has hired a law firm... and signed a letter of intent to acquire Pharma on Line... and signed a letter of intent to receive $10,000,000
investment from an Austrailian fund to use for acquisitions and reorganization... please see all PR... The two most important words in this
scenario are:
Reverse Merger...
For those of you unfamiliar with this term... it basically means that a privately held business is merged into a publicly traded entity... in this case
CHES is an empty shell which is adding (acquiring) functioning revenue generating businesses...
What does this do for the Private Business?
It gives the owners of the private business immediate liquidity in the market... and longer term new sources of capital etc... without having to go
through the hurdles involved in filing with the SEC etc...
What does this do for the shareholders?
As revenues are added it should create value in the market because we as investors now have a way to value it whether you use: PE, PS, Price
to Book Price to revenues etc...
How much could this impact share price?
My own calculations are based on conversations with Mr. Oshea... he told me that he is in negotiations to acquire 3 businesses with $80 million
in revenues...
If you use 1 times revenues based on 80 million shares outstanding this should equate to a $1.00 dollar share price... If you use a higher multiple
to sales... well you get the picture!
Things to look for:
Closing of the deals for Pharma on Line and the $10,000,000 funding are the most important at this point...
This investor is certain that those deals will go through... as per confidence expressed by Mr. Oshea
Other deals possible... I was told that CHES is trying to create a Pharmacutical distribution company with several components the most
important in my mind is the on line part... check the Pharma-on-Line site, I think you'll agree that its first rate... This is very timely at this point
with the reaction the market has given to Dr. Koop etc...
Has an excellent up chart pattern in a strong breakout. This topped with any forthcoming news could catapult this stock during the week as a
low valuation is being placed now and future prospects are not realized yet in the stocks price.
This stock can explode on just the prue fundamentals alone, being this is a clean shell with unlimited prospects and good buying volume.
The on-line Pharm. and 10MM make this a good speculation play long term at a low entry price.
By the way this company has no debt...
The above is a synopsis of my DD I suggest doing your own DD and draw your own conclusions...
Regards all,
The real Bill S.
Chester Holdings Ltd 6/30/99 -Chester Holdings, Ltd. Enters Into Funding Agreement
FLANDERS, N.J.--(BUSINESS WIRE)--June 30,1999--Chester Holdings, Ltd. (Electronic Bulletin Board symbol: CHES) today announced that it
has entered into a Letter of Intent with Growth Fund International Limited whereby Growth Fund International Limited would advance up to
$10,000,000 in funding to Chester for reorganization and acquisitions on certain terms which were not announced.
Growth Fund International Limited, head quartered in Brisbane, Australia, is engaged in the worldwide credit enhancement and financing
business and intends to provide the funding to Chester through an equity investment. While no price on the equity of the common stock has
been agreed to, the final pricing would be at a premium to the market price of Chester at the time of closing.
"Safe Harbor" Statement under the Private Securities Litigation Act of 1995; to the extent that this press release makes statements about the
future, such statements are forward looking and subject to a number of risks and uncertainties, including, but not limited to, the inability to
agree term and complete this funding. These risks could effect the ability of the Company to successfully reorganize and resume operations as
stated in any forward looking statements made by, or on behalf of the Company. There is no assurance that the Company will be able to achieve
any of its intended objectives.
For more information please FAX requests to 1-864-962-8638.
CONTACT: Chester Holdings, Ltd., Flanders
Michael F. O'Shea, President
201/433-4988
Chester Holdings Ltd 6/16/99 - Chester Holdings, Ltd. To Acquire PharmaOn-line.com, Inc.
FLANDERS, N.J.--(BUSINESS WIRE)--June 16, 1999--Chester Holdings, Ltd. (Electronic Bulletin Board symbol:CHES) today announced that it
signed a Letter of Intent to acquire all of the shares of PharmaOn-line.com, Inc. from the Gladstone Group, Inc. of Mt. Arlington, NJ. No details
of the proposed acquisition were available. PharmaOnline.com has developed a proprietary Internet infrastructure allowing pharmacies to order
and control inventory of generic drugs.
The Gladstone Group, which currently provides disease state management programs to chain and independent pharmacies throughout the
United States, will support Chester Holdings in marketing the system. This proposed acquisition is one of several currently under consideration
by Chester.
For more information please FAX requests to 1-864-962-8638.
CONTACT: Michael F. O'Shea, President
1-864/962-8906
Fax requests to 1-864/962-8417
Chester Holdings Ltd 6/3/99 - Chester Holdings, Ltd. Retains Firm To Aid In Restructuring
FLANDERS, NJ--(BUSINESS WIRE)--June 3,1999--Chester Holdings, Ltd. (Electronic Bulletin Board symbol: CHES) today announced that it
had retained the law firm of Frohling Hudak & McCarthy of Roseland, NJ to work with the management of the Company to implement a
reorganization plan as well as to aid in the review of potential acquisitions which may present themselves during the reorganization process.
Initially the Firm will work with the Company to prepare all necessary regulatory filings required for the Company to become fully reporting.
The Company has also begun the process of selecting an accounting firm to assist it in the preparation of its periodic SEC reports. Once all
required filings are completed Chester Holdings, Ltd. expects to be able to work with potential acquisition candidates on the restructuring of the
Company and capital raising projects.
For more information please contact Michael F. O'Shea, President at
1-864-962-8906 or FAX
requests to 1-864-962-8417
CONTACT: Chester Holdings, Ltd.
Michael F. O'Shea, President
864/962-8906
FAX - 864/962-8417
Chester Holdings Ltd 4/26/99 - Chester Holdings LTD., Announces Restructuring
FLANDERS, N.J.--(BUSINESS WIRE)--April, 26, 1999--Chester Holdings Ltd. (Electronic Bulletin Board symbol CHES), inactive since 1995
announced that it has begun the process of restructuring its business organization and expects to resume operations as a holding company in
the near future.
The Company's only operating subsidiary, Fidelity Medical, Inc., was sold to Medical Laser Technologies, Inc. [MLTI] in 1995 and the
management of the Company devoted their efforts to operating that business. In April of 1998 control of Fidelity Medical Inc. was transferred to
another group of investors and the Company's management decided to refocus their efforts and intends to resume the Company's operations by
the third quarter of 1999. As of this date the Company has no immediate prospects and is unable to assure stockholders that its efforts to
associate with an operating business will be successful.
CONTACT: Linda Pellegrino
Frohling, Hudak & McCarthy, P.C.
201/433-4988
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