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LOL... with a sizeable dose of entertainment... i miss the lil fella
how deep? well, i couldn't get into dancing with the stars, i couldn't get into 'LOST', I couldn't get into text msging,,, so when i found rufus,,, i couldn't resist... best i have ever seen.
isn't rufus being sued...---- by the SEC?
i'm prayin, your prayin, were all f&$K#ng prayin
so is it safe to assume yet that CSHD doesn't really 'own' the bonds... (the 8 billion or so)? or is that still up in the air?
and please someone tell me if the company is still going to fund the dark side of the moon.
But MOST importantly... where oh where is my RunByLove CD???? with Zed K ?????????????????????????
where are all the stocklemon bashers, the dimension bashers, the our street bashers, the people getting mad at other's questions of the bonds? heck, where are the church people? AND WHERE THE HECK IS RUFUS? has anyone heard from him as of late? I would love to know.
oh my oh my oh my....
i just popped on to see the latest.. but this sums it up.
what can someone say.. but oh my oh my oh my. sounds to me like rufus owes someone a horse. but what do i know?
in my humble opinion, not bashing, not pumping, just my thoughts
um.. so where is the 15 dollars a share,,, the CEO promised everyone who was a shareholder would get it. if he promises that than he is certainly good for it?... and the 71 book value? where is that?
they never said they 'owned' the bonds... except for that small error of counting them as an asset... OMG... i'm beginning to think Barnum was right!
i called the NRCC, and asked if they would send me a list of the recipients... they said there were to many, and they weren't sure who actually received one.
there have been around 160k O/S all along... all anyone had to do was read the filings... remember the converts? And it has never been in dispute the bonds were real. It has also not been in dispute that the bond agreement called for the 'transfer' of the bonds... I think what led to confusion was a document that stated the 'ownership' of bonds.. that was probably a little oopsie.
all in my opinion... do you own DD... not bashing, not pumping.
i'm gonna miss the li'l fella
not sure how many shares are outstanding,,, but if you know, you can get a short ratio by going here...
http://www.otcbb.com/asp/OTCE_Short_Interest.asp
is subpenny live right now?
promised he could negotiate with 500,000,000 million puppy treats,,, he just realized how many he might like to eat.
Sir, please click the link, type in CSHD, and just read it here is the link...
http://www.otcbb.com/asp/OTCE_Short_Interest.asp
now click this link...
and taking into consideration the amount of convertible shares, come up with a number.
keeping in mind that shares that are part of a convertible are not considered 'long' shares that are being sold short, but are in fact considered short shares with which affirmative determination has been made, much like an option...
http://www.sec.gov/Archives/edgar/data/757563/000114420405040479/v031809_sb2.htm
please also keep in mind that it doesn't even cost five dollars.
(all my opinion, not trying to suggest anyone buy sell or hold) (and trying to help people understand) I may be wrong, quite possibly am,,, this is publicy available information) My interpretation of it means nothing, but please look. Thanks.
yeah... i remember one time...
I was out huntin with some friends in Balch Springs Texas... we see this old buck antelope,,, had to be 1 1/2 miles away, he was running like hell. My buddy says, 'ya can't hit that thing from here! as i raise my trusty daisy. I say nothin', and took aim... Well with one quick squeeze of the trigger, sure enough, that sombitch took the heart shot, and hit the ground with his nose, a cloud of dust, one last death rattle, and he was mine. I turned to my buddy and said, "oh yeah?.. now watch this"....
My dog Bear went and dragged him back by the tail and put him in the back of the truck for us. (after field dressing him)
LOL.. if i owned free stock, I would be happy too. (eom)
if its public you can print it anywhere, just site it and don't count it as your own work. thats silly... thats like me saying to 25000 strangers... " don't tell anyone i said this ROFL
the bonds are real...
(except for perhaps the 5 billion dollar one), they have in fact traded recently... i also think they stepped on themselves where they say in one of the filings, where they say they can buy the bonds in the open market at any time... i forget which one that is in, given some time i can find it... but why oh why my cindy, if they 'owned' the bonds would they ever need to buy them again?
my THOUGHTS.. not suggesting ANYONE buy or sell
the short position...
CONVERSION SOL HLDGS (CSHD) OTC Type: OTCBB
Short Interest for October 2006
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
2,156,393 (7.34) 3,066,813 1.00
http://www.otcbb.com/asp/OTCE_Short_Interest.asp
two million shares is not millions and millions... check the link for yourself... and don't even start with this about naked shorters... this report is Firm's short positions, naked or not.
my opinion, not trying to influence anyone either way, check links, do your own DD, do not rely on this for any investment decision
is this is what rufus was sold on?.... is this is why he thinks he owns the bonds?
maybe he really believes it? maybe this is all just one big mistake on his part? maybe someone conned him into it?
This is a PR from Euroclear… (link follows)
Euroclear Bank sets new record in triparty collateral management - 26/10/2006
Brussels, 26 October 2006 – Triparty collateral management at Euroclear Bank, the international central securities depository of the Euroclear group, has surpassed EUR 300 billion outstanding per day, a new milestone. Growth in this business is exceeding an annual rate of 36% compared with daily levels of EUR 220 billion one year ago.
Olivier Grimonpont, Director and head of Collateral Management and Securities Lending Product Management at Euroclear Bank, said: “Sophisticated collateral-eligibility criteria, recent and planned service improvements, and tariff reductions of more than 45% over the past three years are supporting our clients’ collateral-management needs in the most flexible, risk-averse and cost-competitive manner. Our continued close co-operation with clients, and in particular the Collateral User Group, is helping to ensure that future service developments will sustain our business growth. New collateral-management opportunities, such as Euroclear Bank’s soon-to-be released collateral re-use feature, is an excellent example.
“The interaction between the Collateral User Group and Euroclear Bank is open, frank and productive,” said Grigorios Markouizos, Chairman of the Collateral User Group and Managing Director, European Head of Fixed Income Finance at Citigroup Corporate and Investment Banking. “The dialogue has already resulted in tangible benefits for the market, and we look forward to more,” he continued.
In its capacity as a neutral third-party collateral administrator, in effect, Euroclear Bank in-sources the management of collateral on behalf of its clients to cover exposures arising from repo, securities lending, secured loan and derivatives transactions. Euroclear Bank’s triparty collateral management services optimise the relationship between collateral management and securities settlement by automating the selection and substitution of securities used as collateral throughout the life of each transaction. Encompassing a wide range of securities, the service is used by the world’s most active counterparties and is supported by a solid legal structure in Belgium.
Euroclear is the world’s largest provider of domestic and cross-border settlement and related services for bond, equity and fund transactions. Market owned and market governed, the Euroclear group includes Euroclear Bank, based in Brussels, as well as Euroclear Belgium, Euroclear France, Euroclear Nederland and CRESTCo, the central securities depositories of Belgium, France, the Netherlands, and the UK and Ireland, respectively. The total value of securities transactions settled by the Euroclear group is in excess of EUR 350 trillion per annum, while assets held for clients are valued at more than EUR 15 trillion. Euroclear Bank is rated AA+ by Standard & Poor's and Fitch Ratings.
http://www.euroclear.com/wps/portal/!ut/p/.cmd/cs/.ce/7_0_A/.s/7_0_LT/_s.7_0_A/7_0_LT
______________________________________________________________
here are the bonds listed in euroclear... i wish it said the issue size...
you might notice the creation date was feb 8 2001
the link is, http://www.euroclear.com/wps/portal/!ut/p/_s.7_0_A/7_0_E0/.cmd/ad/.ar/2233812/.ps/X/.c/6_0_77/.ce/7_....
The search found 1 record
This search was done using the following search criteria:
Isin equals DE0006106875
If you intend to print this screen please first set your printer to landscape Back to search
Name, rate and maturity date ISIN Common Code Rate Nominal currency First closing date Next coupon payment date Record date Market Instrument Creation date
VENEZUELA, REP OF 11.0000 05/03/08
DE0006106875
012481241
11
EUR
05 Mar 2001
05 Mar 2007
02 Mar 2007
F
BOND
08 Feb 2001
the rest of this is ONLY my personal opinions and views, which may very likely be completely wrong, misguided, misinformed, and ignorant about how international and national finance work.
I am only asking if this may the the case, I am not making a statement, only asking. if someone can show me that i'm wrong, i will humbly submit to correction
_________________________________________________
no wonder it was listed on the Berlin exchange.... this gets better and better....
i wonder if this zsolt dude is the mysterious trader?
Zsolt Szekely, Owner of Stargate Productions LTD, of Budapest Hungry (sic) has full and complete authority to handle all transactions with Citibank over the following .....Venezuelan Global Bonds ISIN: US922646AT10 Principal: 500 million USD Issuer: Banco Central de Venezuela Issued 31st of July 1998 and maturing 15th of August 2018 Coupon 13,625%
wonder who this Zsolt Szekely guy is?
He's also CEO of SEKO the other J/V listed on the website.
http://www.siliconinvestor.com/readmsg.aspx?msgid=22944547
and then this...
As CEO of Seko Management Inc. I am pleased to announce it is a pleasure to have added a joint venture under the umbrella of CVSU. I believe that working together with CVSU gives a lot of opportunities in the future," stated Zsolt Szekely, CEO.
and then this...
CVSU along with Seko Management Inc would like to announce the formation of a joint venture corporation called Seko Management Inc. "SMI" a (Florida Corporation). Seko Management Inc. holds an Exclusive Contract for 50% Profit Sharing for the Group "RUN BY LOVE" http://www.runbylove.com. The newly formed corporation has 100 million shares authorized and 60 million issued. The equity division of the corporation is 30 million shares to the Seko staff and 30 million shares to the current shareholders of CVSU.
http://www.americanventuremagazine.com/news.php?newsid=1024
so this is my point... If mike alexander has a connection with this mr Szekely dude... and mr Szekely simply registered the bond in euroclear, (which is probably not a problem to do), and then sold rufus on tri-party collateralization, in return for 30 million shares, then rufus might really think he has control of the bonds, he may even think he controls the entire issue. In other words, just because Mr Svekely has the authority to buy or sell bonds, it doesn't mean he is actually doing so. I have the authority to buy or sell stock, and if Joe SixPack tells me i can open an account at Citibank for him, there is no reason I can’t do exactly that.
And hey, for 30,000,000 shares of free trading stock, I would bet there are a lot of people who would tell anybody anything. Especially if they have offshore connections and can stash the money.
I think I now after several months I understand what is going on here.
I think there is a distinct possiblility that our hero Rufus may be the victim of a con himself.
also it makes a lot of sense that the share divi to cvsu shareholders would be 6 shares... look at this link...
http://www.sec.gov/Archives/edgar/data/757563/000114420405040479/v031809_sb2.htm
ok... so if you add it all up... it comes to 174,000,000 shares out...
what is 6 divided by 174,000,000?
well.. ALAS,,, it comes to 29,000,000 well thats pretty darn close to 30,000,000... i just wonder if it has anything to do with this statement... seems pretty convenient to me...
"The equity division of the corporation is 30 million shares to the Seko staff and 30 million shares to the current shareholders of CVSU."
http://www.americanventuremagazine.com/news.php?newsid=1024
(THESE ARE ONLY MY THOUGHTS, I AM NOT SAYING THIS IS WHAT HAS HAPPENED, I MAY BE COMPLETELY WRONG) I am only saying these things to the board because I believe there are people who come here, seeking to enjoy discourse, and doing DD. I am not suggesting anyone buy or sell this stock. Nor am I suggesting that anyone involved with this is a crook, a bad person, or generally disagreeable. I hope I have posted the appropriate links, and everything I have posted here, is completely public information that I have gleaned from the internet without spending as much as one US cent for any of it. Thank you.
keeping quiet while doing almost nightly internet radio broadcasts? marathon ones at that?
I am very curious how come people think that buy issuing 6 shares for every 1 share held, that the price of the stock would increase. isn't that just a forward split?
I don't know if rufus will show up at the hearing, but i'm going to be there. it should be quite interesting.
and when and where was this shareholder meeting? i didn't see a pr that he was going to have a meeting, nor did i recieve a proxy... i feel so left out.
you are a perfect example of a mislead investor. the company is going to say, its not their fault you didn't understand. I am sorry if you lose your money, i really am. and if you make money from your investment i think that is great.
if i buy a futures contract on 10,000 barrels of oil, yes, i 'control' it. but i don't actually 'own' it. and thats exactly what these folks are doing with these bonds. its spelled out right in the 8k, and the 10k.
and please reframe from telling me to go to some GSCAA site and paying 10 dollars to look at a real estate deed.. the only documents that matter are the ones filed with the securities and exchange comission. i can file docs with my estranged cohabitational other, and it doesn't mean anything.
ok, great... now we are getting somewhere,,, now exactly how does CSHD repay? where is the payment schedule? what do they owe? where are these contracts of governance? this is material information, right? i just find it hard to believe that it was just a Christmas gift.
and no, repaying the money with interest is the consideration, as well as the promise to hypothecate whatever i'm doing with that money to the bank.
if you give me 5,000,000 dollars i promise i will contribute 50% of it to the charity of your choice. and i'll be really nice to you and tell you how smart i am. and i promise i will go to church on wednesday... really.. hmm, can i list that as an asset too?
even in international finance there is consideration given for a transfer of assets. THAT is how it is done. its not some mystical magic smoke. besides that, someone (i don't care who they are, hell i don't care if its hugo chavez himself). and i am not convinced that seko management and the band runbylove ( www.runbylove.com ), or any of the other subsidiaries really warrant 500,000,000 million dollars. heck the august interest payment that the company for some weird reason refuses to take could fund all of these things.
one would think that a company who has a joint venture with seko management and that is worth a book value of 15, 40, 70, or whatever it happens to be at this point, could afford to actually get seko management to sell a runbylove t-shirt personally signed by zed k.
hey... i'm not dissn' rufus or anyone... but I must wonder who owns the bonds. rufus says CSHD does, but he also says that he agrees to buy the bonds... much like if i were to buy a call option from you for 400,000 dollars on 4000 shares of IBM... well yeah, if exercsize it then i will own it. and if IBM pays a a dividend, you will owe me that dividend. but until i excersize my option, i don't actually own the stock.
in my opinion saying that i 'own' that stock is pretty much untrue. but it sounds good.
if you bought them at 7, you could say you owned a bond issue with a par value of 100.
the value of anything is what someone will pay you for it.
this is very obvious.....
1) it doesn't matter who is the treasury manager of the banco de central venezuala. it could be my sister, or joe six pack,,, it doesn't matter.
2) CSHD never said they actually purchased the bonds, they just stated a transfer of ownership could happen.
On March 15, 2006, the Company acquired full ownership of Global Bonds issued through the Republic of Venezuela with an issuance date of July 31, 1998 and a maturity date of August 15, 2018. The principal amount of the bonds is $500,000,000 USD with a fixed interest rate of 13.625%, computed on a semi-annual basis. The applicable identification codes are as follows: Common Code - 008975540; CUSIP - 922646AT1; & ISIN Code - US922646AT10. The first interest payment is due on August 8, 2006, in which interest receivable and revenue have been properly accrued, to the holders of the bonds (the Company).
The applicable Declaration Statement (ownership documentation) specifies the transfer of full ownership to the Company from Banco Central De Venezuela, the issuer of the bonds, and insures that the bonds are free and clear of any deductions, charges or fees assessed by the Government of Venezuela. The Certificate of Ownership also identifies the Company as the sole owner, with an effective date of ownership as of March 15, 2006. The ownership documentation has been properly recorded with the State of Georgia securing and perfecting the bonds.
now i know that sounds a bit confusing, however it is contradictory. and taken from the publicly available 8k filing which anyone can read FOR FREE.
3. CSHD has just used the principle amount of the bonds to state their value, never have they used the current market price of the bonds. last i saw they traded at 101 5/8 I think... i do not know that for sure.
and all of that withstanding... when the government of venezuala makes an interest payment, they don't just send out a coupon. they send the money. I suppose you could keep your paycheck and never cash it, and call it an asset, but why? why? would you do that? a shareholder would want to book the dough. it doesn't make a check more valuable to just not cash it and think that you can.
these are my thoughts on this issue. it is not bashing, and its not pumping. the underlined part above was simply copied from the publicly available 8k which can be read in its entirety on free edgar.
if they are CSHD documents he sure could put that on his site,,, its not like the docs are the proprietary information of the state of Georgia. are they?
i can go to my county's website and see my home listed, and i am free to do whatever i want with that info. and it doesn't cost me 10 bucks.
besides all of that, why were the GSCAA documents not included with the 10k?
ok... i would love to see what is on the GSCCA site... why doesn't CSHD just put those docs on its website? It seems to me that if they did that it would make it much easier for everyone.
who does own the converts by the way? eom
relax dude... its going to be ok....
first of all according to he otcbb report only about 2.1 million shares of this supposed 60,000,000 share issue has been shorted... so quit worrying about the shorts.
second, yes the bonds are real.
the question is does CSHD really own them? thats all they are trying to determine.
thirdly they want to enjoin mr harris from making any misleading statements. well thats no problem at all.. the ceo just shuts up until this is all over.
so just relax.. its going to be ok.
here is a basher... can you believe this????
www.cshdsolution.com
tell me why? why would i look there? as far as i know the sec filings are the be all end all. at least that is the way it is supposed to be. i could put my ownership of the space shuttle on a website run by the british virgin islands, but that doesn't mean that its real.