Good Morning Everyone,
Here is a sample of the messages that have been shared on my e-mail list. I f you would like to contribute to the list e-mail me at
terrythompson@hotmail.com
I never knew anything about this stock until about 5 days ago when I
started reading your posts, so excuse my ignorance, but when I mentioned this to a couple of guys in work, one of them said they heard that Marine Midland had, or was, taking it over. Is this true? Is this news to you or, is this something you had already known? or is it just false information?
Here's another e-mail.
I haven't been able to find any info on Pushbottoms for kids(u.s.), and
Stationary Plus (u.k.) which Ches owns (or owned) and operated.I haven't found any info on there subsidiary Retail Brand Development (u.k.) either. I have found out that Joseph Pignatiello was also charged with security fraud on 10/11/96 with Spaceplex Amusement Centers International Ltd. and America's Coffee shop. The NASD has fined,censured, and barred him from associating with its member firms. The last officers I know of are John Mazzuto (chairman),Michael O'Shea (president), and Philip G. Genile (corp. sec), I did
not find any filings against them. With the complaints against Pignatiello I seriously doubt there will be any press releases reguarding any reverse merger until it is a done deal. I find it kind of odd that I can't find any info that shows that Ches has filed for bankruptcy or closed its doors.
Does anyone have the name and number of the attorney that will represent Ches? Might be able to get a little info from them.
Here's the phone numbers for the market makers for CHES:
Hill, Thompson, Margrid, and Co.- 1-800-631-3083 (HILL)
Herzog, Heine, Gould, and Co.-1-800-221-3600 (HRZG)
Mayer and Schweitzerr, Inc.- 201-963-3311 (MASH)
NAIB Trading Corp - 1-800-952-6559 (NAIB)
Paragon Capital Corp - 1-800-345-0505 (PGON)
Sherwood Securities Corp - 1-800-435-1235 (SHWD)
I hope this helps. Before I post the last message I recieved, I just want to thank everyone for all of there DD, and I will continue to try to search all over the place for some infomation. Also, has anyone noticed that they have not touched the bid and have lowered the ask only .002, on predominately selling in the past few days. I'm sure we're getting rid of the weak hands, and should be on the plus side in the near future.
Anyway, here is the last post and please keep the comments coming, and let me know how everyone makes out, contacting the market makers.
Thanks and Good Luck
Hi everyone,
As Terry says the tightening of the spread is a good sign (from a technical
analysis standpoint). Another good sign is that the bid is staying solidly
at .012. The not-so-good signs (again, from a technical analysis
standpoint) is that the ask is dropping--the Market Makers with shares are
willing to sell them for less today than yesterday. BUT they will give you
the same amount of money today for your shares as they would yesterday.
Also, not-so-good is the low volume which was approximately 1% of the
volume on the highest day 7/21/98, and a bit over 10% of the average
volume, which indicates declining interest.
Here is a handy chart covering the past 30 days of CHES:
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
7/30/98 .015 .012 .015 .012 85,000
7/29/98 .015 .012 .015 .012 141,800
7/28/98 .017 .017 .017 .017 4,000
7/27/98 .017 .012 .017 .012 98,000
7/24/98 .017 .017 .018 .012 353,100
7/23/98 .016 .017 .017 .015 329,800
7/22/98 .017 .016 .019 .014 1,432,200
7/21/98 .016 .011 .030 .011 8,114,700
7/20/98 .012 .009 .012 .009 1,231,800
7/17/98 .009 .010 .010 .008 215,000
7/16/98 .009 .009 .010 .007 704,100
7/15/98 .009 .010 .010 .008 320,000
7/14/98 .010 .008 .010 .007 479,000
7/13/98 .008 .007 .008 .007 270,000
7/10/98 .007 .007 .007 .006 1,680,000
7/09/98 .006 .009 .009 .006 1,071,900
7/08/98 .006 .008 .010 .006 735,000
7/07/98 .007 .012 .016 .006 3,448,900
7/06/98 .012 .008 .020 .007 6,608,600
7/02/98 .007 .006 .007 .005 474,000
7/01/98 .005 .005 .006 .005 294,000
6/30/98 .005 .006 .009 .005 3,056,500
6/29/98 .006 .004 .006 .004 1,159,500
6/26/98 .003 .004 .004 .003 430,000
6/25/98 .004 .004 .004 .003 295,200
6/24/98 .004 .004 .004 .003 585,800
6/23/98 .003 .003 .003 .003 1,500
6/22/98 .003 .003 .003 .003 10,600
6/19/98 .004 .004 .004 .004 100
6/16/98 .003 .003 .003 .003 50,000
True Believers will see this as an opportunity to accumulate in
anticipation of good things to come. I look forward to the results of the
DD with the market makers.
Good Luck!!! |
