Chess...on the stock market

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  • Chess...on the stock market

    An interesting report about a publicly-traded online chess site - Canadians are involved.

    http://emerginggrowth.com/is-chess-s...ng-sized-move/

    The start of this following link shows their projections from two years ago...before the 1-for-1000 reverse stock split of a few months ago. The end of the link is a discussion group on the stock.

    https://investorshub.advfn.com/Chess...rp-CHZP-30889/

  • #2
    Re: Chess...on the stock market

    Yeah I remember Starr touting this joke of a site years ago on chesstalk. This line says all you need to know:

    there are two employees each making $12,500/month or $150,000/year off of a website that brought in $263 in Gross sales during the quarter

    Reading both that article and the discussion thread makes it clear - you invest in this and you're hoping for flimflammery to somehow result in money to you. You aren't investing in anything with an actual business model.

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    • #3
      Re: Chess...on the stock market

      Are they actually making $150,000 per year or is that what the company owes them if it ever turns a profit?

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      • #4
        Re: Chess...on the stock market

        Originally posted by Vlad Drkulec View Post
        Are they actually making $150,000 per year or is that what the company owes them if it ever turns a profit?
        According to David Ottosen's post they have $263. in Gross Sales. IANAA (I am not an accountant) but I think that seriously limits the potential profit.

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        • #5
          Re: Chess...on the stock market

          They appear to have an asset of a listing on the OTC market. I'm not sure what that is worth. Accountants don't usually work for free. Any money made is likely from selling shares and it doesn't appear that any of the share sales resulted in capital for the firm. I have heard one or two people are annoyed at them.

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          • #6
            Re: Chess...on the stock market

            If you look at the 10-K report (a link is in the first link I posted in my original post) you can see a list of the original shareholders and how much their holdings are worth today. Most are worth $1 or $2.

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            • #7
              From chess....to pot. Now known as "Target Group"...ticker symbol CBDY. http://www.4-traders.com/news/CHESS-...cur--26868060/

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              • #8
                Originally posted by Hugh Brodie View Post
                From chess....to pot. Now known as "Target Group"...ticker symbol CBDY. http://www.4-traders.com/news/CHESS-...cur--26868060/
                Somehow I see pot as a better fit than chess for this group.

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