CDNO: Just got this from Mic@PennyProfiles:
Subscribers,
We have taken a position at .045 in CDNO as we believe this stock will start to make a move soon with the upcoming events. Please read the dd below for more details. Present price .04/.045.
A couple of new developments that are not mentioned below. Taken from Pettycash's sources.
* CDNO will be trading under the new CUSIP number by 12/15/99
* An 8K should be coming possibly as soon as this week
* Market makers are in a 9 million short position
* Market makers are aware of the upcoming reverse merger and are trying to hammer the stock and have dropped the price on net accumulation days
* More groups will begin profiling CDNO within the next day or so
Read below for more details-the below info. is several days old
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Pettycash Stock Picks - hotyellow98.com
Why Are People Getting So Excited About CDNO?
A few have believed what many are now finding out: there is compelling,
virtually irrefutable, evidence that CDNO is in the final
stages of preparing itself to be merged into by a large financial services
company.
It is a private company in the venture capital, investment banking sector
of this industry.
This is a huge deal with potential revenues in the hundreds of millions of
dollars. How large? The private company's revenues
are expected to top $240 million in 1999. The financial service company
has net assets in excess of 200 million dollars.
Coupled with the access to the rumored $200 million dollar loan from a
large Canadian bank and CDNO's CEO Paul Bagley's, penchant for M&A, the
intrinsic value of the post reverse merger company should exceed .50 a
share.
Here's what we know....
ACCUMULATION - Massive net accumulation from March to Nov.26th -
75,733,884 shares. Among these, 23 million shares somehow connected to a
restricted shareholder. Link to the CDNO Accumulation page
hotyellow98.com
MM's SHORT - CDNO float is 68 million, leaving the market makers in a
serious short position of approx. 7.5 million shares. This puts tremendous
pressure on the MM's as with the change of the Cusip number, post R/M,
they will have to cover the short position. See above link for calculation
of MM naked short position.
INSIDERS POSITIONING - 144's filed almost immediately to announce intent
to sell. By the same investors who just bought 23 million shares,
positioning themselves for a significant increase in the share price
CURRENT FILINGS - Time, effort & expense to remain a reporting company. If
you’re going out of business, do you bother to file?
CEO ACQUIRING - CEO Bagley purchased a million shares as recently as
7/9/99. He owns 9.5 million shares at an average
price of .275 per share. When he negotiates the deal for the reverse
merger, we expect the terms to be favorable to him and
his buddies. Link to Bagley's Purchase
biz.yahoo.com . Link to Bagley's average
cost per share
ragingbull.com
CRONIES BUYING - Board member Thompson Rodgers resigns from board, then
buys 1 million shares on 8/3/99.
Link to Rodgers stock purchase
biz.yahoo.com
CLEAN SHELL - Through it's filing of the 8-k and 10Q. The company has for
all intents and purposes become a clean shell..
Link to the 10Q
edgar-online.com
ASSETS RELEASED - The company agrees to allow the creditors to liquidate
their assets. Ask yourself, in normal
circumstances wouldn't a CEO want to protect his assets and seek court
protection? Link to the 8-K
edgar-online.com
TAX GAIN - The Company has become a clean shell with tax losses with a
cash value of 9.5 million.
CANADIAN LISTING - CDNO has applied to be listed on the Canadian Dealer's
Network. A company going out of
business would never bother to file for such a listing.
BAGLEYS RECORD - Harvard MBA, Bagley has a history of making money. He
recently sold a company for 43 million in which he held 49%. Link to one
of Bagley's success stories.
ragingbull.com .
The above factors, coupled with Bagley's abilities for M & A, will create
a synergy of forces that lead me to conclude that the
new company will be patterned after the CMGI model, acquiring and
developing Internet and high-tech businesses. And other,
high-profit, enterprises.
So, what does this mean for the shareholders of CDNO? Well, in my opinion,
the stock will continue to see strong appreciation
in value as the word of the pending reverse merger spreads. However, the
greatest potential for increased share value, given the
new scenario, will be seen as the market comes to realize the full
potential of the post merger company.
Good trading,
Mic@PennyProfiles pennyprofiles.com
Send your potential prospects to: mic@pennyprofiles. We've had some excellent ones as of late and will surly notify if we intend to profile your stock pick.
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