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Shelby Win Win..Who Bought the Stock??
It seems that at 80+, Shelby is still winning financial battles. The recent merger with the Ginsing Company had the stock start out at about $1.40 and today closed around the $6.25 range.
Evan......Did you buy any?? |
Steve,
I was under the impression-actually told- that it opened at $4.60 or so the first day.... Am I wrong, or are you right? TURK |
Trading Symbol: GSGF.OB, trading 'Over the Counter'
Opened at $4.00, currently $6.25 - Most recent bid $6.05 for 500 shares on 06/12 Link to their press release at; http://biz.yahoo.com/prnews/030603/latu022_3.html - Dan |
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I was repeating what was published by Autoweek. I didn't follow it myself. Maybe that's what the the day before the announcement price was.
I bet you know who owned it at the buck farty!! |
Kinda goofy thing is that it, (the new company), will be called "Carroll Shelby International", but that it's trading under the Ginseng Company symbol... who knows; maybe they will re-list it under a new symbol when all the paperwork is done.
Wish'em luck... there's some real nice trademarks owned there! - Dan |
Fuuny thing is that here is no mention of the change at the SAI website.
http://www.shelbyamerican.com/news.asp Regards, Keith:confused: |
Dan,
Ownership is the interesting question with anything Cobra. |
re: big run up
can you short sell bulletin board companies? :D
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We got a letter from Schwab this week that cites newly created SEC rule 15c2-11 that states that:
After the close of regular trading on August 31,2021, new opening orders will not be permitted for securities that trade on the OTC markets that have not met SEC financial disclosure requirements. Closing orders for these securities will be accepted, subject to market maker participation and availability of quotes. There are others sections but this one particularly called out CSBI in the letter. This means that you can't buy Shelby stock any more. You can sell it, provided you can find someone to buy it that somehow isn't affected by the buy restrictions... |
Let's face it, for those of you who held on to their Shelby stock, long term, have lost their investment. Closed on Friday at 0.0047 of a dollar, making it a sub "penny stock". I can see it being delisted at this time, as not even SAI wants to buy it back.
Bill S. |
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I hope Gary Patterson was smart enough to not take a lot of stock options in lieu of salary. |
I still own one and it is worth to me much ore then 0.0047$:)
http://www.clubcobra.com/forums/pict...ictureid=19800 |
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Yes, my shares have a pic of Carroll with his cars in the background?
I've never seen the shares posted in this thread. Purchased 427 shares (to match my CSX 427) in late 2000's. Spent $.15. a share so will loose it all. Unless of course people start to collect the stock certificates. It hangs on the garage wall with other posters. |
Tried to sell my 427 shares earlier this summer. Spent many hours trying to figure out what to do, bottom line no one would touch them due to miniscule value (not the Transfer Agent, SAI, Schwab). I believe I can write off my investment as a capital loss on my taxes without actually being able to sell the shares. Sadly (or thankfully) it won't be much of a write - off. Theoretically I will need to destroy the certificate, but it's the one with CS and four cars and looks good on the wall. Glad I didn't tie up my retirement in CSBI. :o
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I would be interested in buy one for my wall
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Ditto...
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Why not offer them for sale in the classifieds? I’m sure a few of us would buy some
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I assume they would be sold in minutes.
I would take one. :cool: |
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