We are lost if we ignore history . . .
Do you not agree?
My interest in any stock is typically long, therefore my arguments are based on DD for a LONG HOLD. I want to know what sort of company CNHH will be down the road a year. And for that insight I turn to the past. Perhaps the new blood will provide new horizons.
For the sake of argument of facts however, I continue:
YOU STATED: I agree the 100:1 was bad but it has nothing to do with what is happening now.
CORRECTION: 1 to 1000 REVERSE SPLIT LESS THAN 2 YEARS AGO.
This is pertinent as it reveals CNH Holdings treatment of the 1000 stockholders that suffered that great loss of value. It occurred the same month as their name change to CNH Holdings.
YOU STATED: Good reseach but out of date and no bearing what so ever on what is happening now.
We are talking about a company that needs to stay listed. Should their stock price NOT shoot up, they may not feel badly at all about calling the old reverse screw play again. History of CNHH establishes what we know of their corporate character. And that surely has a bearing on what the future may or may not hold. Would you not agree with that?
YOU STATED: The news stated they were out of business and dormant until the last 8 K which is an operating casino in Las Vegas.
I have no problem with being out of business for 8 years. But let's discuss this purchase of a bar. You call it a casino. EDGAR says "restaurant and bar" with "14 slot machines." Now you have been to Vegas, haven't you? Does "TUNE TOWN" sound like a casino to you or one of those sleazy joints downtown? I have seen more than 14 slot machines in convenient stores.
Looking back at my post, I re-read the Change of Registrant section which refers to this purchase of a bar and had to laugh. CNH HOLDINGS just this past December 7, bought Tune Town with its 14 slot machines for 2.5 million shares of CNHH, plus 100,000 dollars that is not yet paid. And no mention of revenues from Tune Town. Past nor present.
I am not wanting to burst anyones bubble here. But facts are facts, guys. Buying a Greek shipping company that we know little about does not make CNHH an overnight superstar in my opinion. Nor does it make it the sleeper of the month.
I know you have become EXTRA skeptical lately of fly-by-night companies getting rich off our naivety. Likewise, I read the ridiculous claims made by many, hyping various interests over the internet. Consequently, I won't buy another company blindly. The odds are stacked against me.
Let's face it. Companies Lie. Press Releases Lie. Brokers Lie. Investors Lie. Even SEC FILINGS lie. It's easy for us to get caught up in the HOPE of quick or easy money. But we must be honest with ourselves if we are to get to the end of the month/year on top.
You wrote recently [AVBC?] that you must see hard facts for yourself before you will believe anything anymore.
Gary, I agree with you wholeheartedly.
Rande Is
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~~NOTE: I am not recommending anyone buy or sell any stock at any time anywhere in the universe. I hold zero shares in CNHH at this time. |
