Whats the current PPS on this stock?
Share some opinions for me while I make some major decisions.
One of my customers is a Large Pay TV Channel.
Cable and Satellite.
They obviously have multiple dedicated servers through ChargerTek. They get what they pay for. Watching them grow, I decided to buy their stock.
I'm in now for about 1.3 Million Shares of their stock.
Recently, the President of the company, transferred all of his shares to someone else, making them the New Majority Sharehold, and New President of the Company.
Basically the President just bailed and ran. The new President is a Chinese Businessman. Either he's looking to break into American Business, or close shop and take this company to China.
I'm not worried about losing the customer so much, as they've never been more satisfied on a technical level.
But my 1.3 Million Shares may take a downward spiral and it would take months for me to sell that many.
What would you do?
Whats the current PPS on this stock?
Exactly my concern, it's down to .40 cents! It was practically "GIVEN" to this new CEO.
Or we see a Hostile Take Over.
What % do you own?Originally Posted by hottweelz
1.3 Million
9 Billion Float.
God, like .01%?
What did you pay for the stock?, how long you had it?, what was the PPS when you first bought the stock?.
Well 1.3 Million shares was a slow accrual... Probably averaged between 75 - 95 cents, I believe.
Always made out nice with Year End Earnings...
Which SE is it?, US or Asian market?
Nasdaq
I have three options the way I see it.
- Sell now, slowly and hope so far it's only $285,000 I'm out. Come 2007 I get a GORGEOUS Tax Refund.
- Hold out, expect the new CEO to turn things around and they become available on ALL cable companies wires across the US.
- Wait until the end of the year, see how much the EPS goes for the new year, and based on that news Sell or Hold immediately, while still getting that EPS income.
Weird, I just replied and it wound up in the middle of the thread! DB Error?
I posted:
I have three options the way I see it.
- Sell now, slowly and hope so far it's only $285,000 I'm out. Come 2007 I get a GORGEOUS Tax Refund.
- Hold out, expect the new CEO to turn things around and they become available on ALL cable companies wires across the US.
- Wait until the end of the year, see how much the EPS goes for the new year, and based on that news Sell or Hold immediately, while still getting that EPS income.
Every business has it's up and downs, just stay out of a depression.
How old and how big is the business?
new and small, still struggling to get on all the major cable networks... they've been on Satellite for awhile.
Well... you should know investing in stocks is a risk taker... so do exactly that. Take a risk, wait and try and get more for what you paid.
I would sell half my stocks right now and wait a little while
if that new ceo does good to the company start to re-invest in them
if that new ceo is crap and the companie goes under, then I'd lose 1/2 less money
-W
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