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I'm tired.... but I have the list.
Talk in the morning.
HAVE
He wrote this: --and he's answering your question, hold on....
Wall Street Dude: i just sent you a copy of the bondholders.
Wall Street Dude: this is what it boils down to.
Wall Street Dude: between you and I
Wall Street Dude: these guys are saying they own some bonds.
Wall Street Dude: they say the description of the bonds, but they don't say how much of the bonds
Wall Street Dude: tell me... i beg of you tell me how many bonds they are putting up for hypothecation.
Wall Street Dude: if i knew that i could tell you much more... and even give you an opinion.
Wall Street Dude: but i can't, because they don't say.
Wall Street Dude: which is why you won't ever see any audited statements (regardless of what it says on the website, [which i noticed was taken down], )
Thehavenots: Question. Ask him this...if these are bearer bonds (which i have been led to believe they are...i could be wrong), how do we know who the true owners are? Couldn't anyone issue a pr claiming they own it (if they were crazy enough and have a total disregard for the law...as apparently some of this cast have proven already)
Wall Street Dude: they are not.
Thehavenots: explain?
Wall Street Dude: did you get my email?
Wall Street Dude: and THAT is exactly the genius of this whole deal.
Thehavenots: what was in it?
Wall Street Dude: a copy of the bondholders
Thehavenots: yah
Wall Street Dude: a pdf copy
Thehavenots: you sent it to me five times over the last two days
Thehavenots: are you high?
Wall Street Dude: dude, shut up,, you never confirmed you got it.
Thehavenots: I told you have it three times last night
Thehavenots: sorry
Thehavenots: I meant it in a good way
Wall Street Dude: did you get it tonight?
Thehavenots: Is it different?
Thehavenots: l will check
Wall Street Dude: no
Thehavenots: got it
Wall Street Dude: thats the proof right there.
Thehavenots: okay
Thehavenots: you tripped me out last night
Thehavenots: I'll tell you
Thehavenots: that's why I didn't buy back in today
Wall Street Dude: hey man,,, i'm not saying not to buy it or buy it, i promise.
Thehavenots: gotcha
okay
let's refute it then. but some of the stuff he said is rather peculiar???
Let's read it through, and look at the 8k again, and continue our DD.
HAVE
Okay
I didn't mention BBAN. He did. I just wanted an oppinion.
I still like Rufus and want to believe in him.
HAVE
This is what I got from him, sorry if it's not enough.
Thehavenots: Ask how the trust works in relation to the assets and if a DECLARATION OF IRREVOCABLE TRUST is common with a publicly traded company.
Wall Street Dude: hold on
Wall Street Dude: i see your query
Wall Street Dude: i need to read again
Wall Street Dude: ok... a 'declaration of irrevocable trust' is in fact common... it just like if you you were to give me a million dollars to invest how i saw fit. i in return give you something for that. in CVSU's case it is the stock.... (hold on, i will cite it)...
Thehavenots: finish the trust question
Thehavenots: that guy is nicer
Wall Street Dude: i'm working on it...hold on this is going to take a few minutes
Wall Street Dude: i know its in here.
Wall Street Dude: Except as provided below, upon the tender to and acceptance by Conversion Solutions, Inc. of this Agreement (or portion thereof) securing the Notes as to which the Survivor's Option has been exercised, Conversion Solutions, Inc. shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor's Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor's Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Conversion Solutions, Inc. shall not be obligated to repa
Wall Street Dude:
more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Conversion Solutions, Inc. Core Notes program as of the end of the most recent calendar year;
O
more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Conversion Solutions, Inc. Core Notes program as to which the Survivor's Option has been exercised on behalf of any single beneficial owner in any calendar year; or
O
more than 50% of the Deposit under this Agreement which secures the related Notes, as of the later of the end of the most recent calendar year.
Wall Street Dude: stock dude
Wall Street Dude: how is someone going to pay for the receipt of a 1/2 Billion dollar bond, when they only have to as said in the agreement pay for 250,000 dollars of it.
Wall Street Dude: i'll tell you, STOCK.
Wall Street Dude: ROFL
Wall Street Dude: but i'm not done yet.. hold on...
Wall Street Dude: the holder of any such Notes, after giving effect to such withholding or deduction, whether or not currently payable, will equal the amount that would have been received under this Agreement or any such Notes were no such deduction or withholding required, provided that Conversion Solutions, Inc. shall not be required to make any payment of any Additional Amount for or on account of (i) any tax, duty, levy, assessment or other governmental charge imposed which would not have been imposed but for the Agreement Holder or beneficial owner (as determined for U.S. federal income tax purposes) of this Agreement or the holder or beneficial owner of any such Notes ("Noteholder") (a) having any present or former connection with the United States, including, without limitation, being or having been
Thehavenots: are you done
Wall Street Dude: not really... but yeah... my eyes were two inches from the screen
Wall Street Dude: this is actually pretty easy
Wall Street Dude: short the bonds to the foundation, pledge the bonds to CVSU, CVSU borrows on them, and defaults, pay everyone a bunch of stock, and everyone is happy.
Wall Street Dude: same thing with BBAN
Wall Street Dude: its all about the paper, and flower lady who wants to sue us is paying for it.
Wall Street Dude: i wonder how much the lawyer is getting paid, he should be ashamed of himself.
I told you, the board wouldn't like that post. As soon as I saw the word.
Thehavenots: Ask how the trust works in relation to the assets and if a DECLARATION OF IRREVOCABLE TRUST is common with a publicly traded company.
Wall Street Dude: hold on
Wall Street Dude: i see your query
Wall Street Dude: i need to read again
Wall Street Dude: ok... a 'declaration of irrevocable trust' is in fact common... it just like if you you were to give me a million dollars to invest how i saw fit. i in return give you something for that. in CVSU's case it is the stock.... (hold on, i will cite it)...
Thehavenots: finish the trust question
Thehavenots: that guy is nicer
Wall Street Dude: i'm working on it...hold on this is going to take a few minutes
Wall Street Dude: i know its in here.
Wall Street Dude: Except as provided below, upon the tender to and acceptance by Conversion Solutions, Inc. of this Agreement (or portion thereof) securing the Notes as to which the Survivor's Option has been exercised, Conversion Solutions, Inc. shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor's Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor's Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Conversion Solutions, Inc. shall not be obligated to repa
Wall Street Dude:
more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Conversion Solutions, Inc. Core Notes program as of the end of the most recent calendar year;
O
more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Conversion Solutions, Inc. Core Notes program as to which the Survivor's Option has been exercised on behalf of any single beneficial owner in any calendar year; or
O
more than 50% of the Deposit under this Agreement which secures the related Notes, as of the later of the end of the most recent calendar year.
Wall Street Dude: stock dude
Wall Street Dude: how is someone going to pay for the receipt of a 1/2 Billion dollar bond, when they only have to as said in the agreement pay for 250,000 dollars of it.
Wall Street Dude: i'll tell you, STOCK.
Wall Street Dude: ROFL
Wall Street Dude: but i'm not done yet.. hold on...
Wall Street Dude: the holder of any such Notes, after giving effect to such withholding or deduction, whether or not currently payable, will equal the amount that would have been received under this Agreement or any such Notes were no such deduction or withholding required, provided that Conversion Solutions, Inc. shall not be required to make any payment of any Additional Amount for or on account of (i) any tax, duty, levy, assessment or other governmental charge imposed which would not have been imposed but for the Agreement Holder or beneficial owner (as determined for U.S. federal income tax purposes) of this Agreement or the holder or beneficial owner of any such Notes ("Noteholder") (a) having any present or former connection with the United States, including, without limitation, being or having been
Thehavenots: are you done
Wall Street Dude: not really... but yeah... my eyes were two inches from the screen
Wall Street Dude: this is actually pretty easy
Wall Street Dude: short the bonds to the foundation, pledge the bonds to CVSU, CVSU borrows on them, and defaults, pay everyone a bunch of stock, and everyone is happy.
Wall Street Dude: same thing with BBAN
Wall Street Dude: its all about the paper, and flower lady who wants to sue us is paying for it.
Wall Street Dude: i wonder how much the lawyer is getting paid, he should be ashamed of himself.
I should have sold at 1.60
your answer is coming....
this board isn't going to like it breezing it over......
no
but may buy tomorrow
I know Bud, there is a lot confusion about him. I know specifically why. It's misinformation.
I don't think Rufus wants to get a bad rep. Let's look for other alternatives as well.
HAVE
most people can't handle the truth
not to say this is.
It's time for some food.
I'll be back to dig up a positive oppinion.
HAVE
did you get the message?
it's coming
fair enough. the confidentially was a really big deal.
he may be wrong
I like Rufus
I guess so
Thehavenots: Think what you want havenots but this non disclosure of your star witness will not work in Court or with the SEC or Federal Prosecutors.
Thehavenots: It this a problem
Thehavenots: ????
Thehavenots: how should I answer?
Wall Street Dude: i'm not going to court, are you?
Thehavenots: she says if she loses her money because of my words
Thehavenots: she's taking us to court
Wall Street Dude: unless you pay me... tell her to go buy/sell or water her flowers, its just your words, you are not a financial advisor, and you suggest she seek one.
Wall Street Dude: promptly.
Thehavenots: unless I pay you?
Wall Street Dude: lol... no dumbass... i would never go to court as an expert witness unless i was paid to do so. handsomely i might add
Wall Street Dude: (i meant dumbass in a friendly way)
Thehavenots: she is talking about your non disclosure???
Thehavenots: she want to sue us
Wall Street Dude: and she can sue her flowers for not growing.
Wall Street Dude: i don't care.
Wall Street Dude: and i haven't promised her a damn thing
Thehavenots: okay
Wall Street Dude: all i have said is look and read carefully
Bud has absolutely nothing to do with this. I give you my word. He just said "make the call", I don't understand any of this.
He said something about selling out of the trust which doesn't need to be registerd, can't find it, but found this:
Thehavenots: they are sort of taking it seriously
Wall Street Dude: well they should... and don't get me wrong,, this thing could trade a 2.50 tomorrow... i'm not saying its going to zero... but it WILL go there.
Wall Street Dude: its just simply not real.
Wall Street Dude: they are trying to jam everyone up at DTC, and effect a short squeeze
Wall Street Dude: unfortunatly for them their exit strategy is to sell it all at 1.12
Wall Street Dude: so they take there 3 mil and run
Wall Street Dude: their i mean
Wall Street Dude: and ty for not giving up my name.
Wall Street Dude: and if they get away with it i will be surprised and amazed.
Wall Street Dude: but hey, they might.
Wall Street Dude: they are also (this is important) forgetting about how CNS works.
Wall Street Dude: CNS is 'continuous net settlement'
Wall Street Dude: if a market maker is naked short the stock, he stands to get bought in. HOWEVER, if the position changes at all,,, i.e. less short, more short... then there is a 3 day process all over again to buy him in.
Wall Street Dude: so in the words of my favorite boss 17 years ago... "UPDATE YOUR FAIL TO DELIVER BOY!" (in other words, just buy and sell 100 shares)
Wall Street Dude: and don't ever forget that market makers are just in it to make money just like the longs/shorts are... if a stock is going up, a market maker wants to be long...and visa versa.
Wall Street Dude: also a market maker is given word of an imminent buy in before it happens.
Wall Street Dude: in very rare cases a short squeeze can happen, but its even more rare that it happens with a company with 62 million shares out, (175 million if you read the filings, but i haven't looked into that), because there is an old addage at investment banking firms... "there is always a seller"
Wall Street Dude: and it seems in this case its the previous owners of Furia corp.
SEC review begins now, verified that this morning.
202-551-2000, call them tomorrow and see what they think, or if you can find out anything.
people that buy the pump won't read the fine print. yet the fine print is there, so CSHD, may pass the review. Just a thought if this guy is right.
HAVE
he's researching, be a few minutes, will post publicly.
Never bashed CSHD, only told you what I knew.
Actually I don't think he right.
I don't think Rufus is doing this for a few million dollars. It's just another oppinion. I do not know what to think.
I was told from a verifiable source, and wanted to warn certain people. I called them to verify the next day, and got better info. Sorry about the confusion.
I didn't want my money stuck in a halt.
I see what I can do.
Actually, gwags7, I don't necessary think this person is right in this situation. He has shared his experience, and believe me. This is a gift. He has put a lot on the line to share this. I know for a fact.
I may load the boat tomorrow, and hold for the weekend. I still believe in Rufus.
Do what you want.
I'm just getting started on the DD. We'll see how the next few days trade.
HAVE
this is not a bash, just an extra oppinion
not from an attorney, a banker
never been there
I am a US citizen.
I am independent trader, and I don't have much money. I have never shorted a stock in my life.
Wall Street Dude: there is a difference between garnering assets, (the entire difference between owning something and being able to hypothecate it, which is the crux of the situation here... look at [(his own company, which I was reviewing, name omitted)] book value, (we are not a public company)... even though we can hypothecate sometthing we don't claim it as ours)
Wall Street Dude: check out the focus reports from the NASD
Wall Street Dude: hell, check out me.
Wall Street Dude: its kind of like owning a parking lot.
Wall Street Dude: and CVSU is saying that since these cars are parked here, we own them.
Wall Street Dude: well when someone parks a million dollars in bonds at my firm, i will borrow on them, lend on them, work with them... but i can't add it to my book value, because i OWE the owners of that asset.
Wall Street Dude: its that pesky liabilities thing.
Wall Street Dude: give me a promissary note, and i can say i'm worth a million.
Thehavenots: I heard they can post as intangible assets under this type of deal
Wall Street Dude: sure they can...
Wall Street Dude: its like a bank, its a balance.
Wall Street Dude: but they have to make money.
Wall Street Dude: and my big problem with this whole deal, is EVEN IF the ENTIRE ISSUE OF BONDS was placed with them... (which i doubt),
Wall Street Dude: (and can prove otherwise)
Thehavenots: It says net amount of deposit is 450 Million Euro to HSBC bank in London, this banker guy is saying that was is said in the Annex of the 8-K is refering to the entire issue. That makes no sense, they are reporting on what they have not what the entire issue is.
Wall Street Dude: ok, if net net 450 Euros was placed with them... what about the other holders of the bonds?
Wall Street Dude: they are saying the description of the bond is the deposit.
Wall Street Dude: they are NOT saying what was actually deposited.
Wall Street Dude: yes, that is what the bond is.
Wall Street Dude: but what if only 1000 dollars worth of that issue was actually placed with them?
Wall Street Dude: AND EVEN IF THE ENTIRE issue was,,, how on earth are they going to make money with it?
Wall Street Dude: RUNBYLOVE?
Wall Street Dude: give me a break
Thehavenots: they are going to make money by taking GA public
Thehavenots: by doing all those future projects on their website
Thehavenots: that's what this type of funding is for
Wall Street Dude: um, dude.
Wall Street Dude: canals through texas?
Thehavenots: 1. National Education Facilities and Standardized Studies Reform Program, Head-start through University
Building an alternative nationwide education system, including structures, teachers and curriculum, where each child gets exactly the same first class education as the next child no matter which city he or she resides in at no cost to the child, parents or government division.
2. Research Program for Developing a Viable High-speed Commercial Ground Transport System to Replace the Antiquated System of Railroads
Development of a 500 mph electrically powered ground transport (Cobra Air Train) system to replace all commuter trains and to compete with less energy efficient and polluting commercial aircraft. Secondarily, development of a heavy lift transport to replace all cargo-carrying
Thehavenots: 3. Coastal Seas Electrical Energy Generation Program
Building and installing a series of nuclear powered electrical generation platforms, on the ocean floor, that will produce clean safe electrical energy for Southern California, the Gulf Coast and Eastern Seaboard of the United States; The goal is to supply 55 million homes with electrical energy and retire as many oil and coal fired electrical generation plants as possible and eliminate the troublesome brownouts that are experienced by both coasts.
4. Research and Development Program to Design and Build an Alternative Fuel Fleet Vehicle with Standardized Refueling System and Related Infrastructure
Development and building of vehicles usually purchased in quantity for a specific purpose that will utilize only alternative fuels such a
Wall Street Dude: 1) wasn't that a campaign promise?
Wall Street Dude: oh,,, my second favorite, undersea nuclear power plants.
Wall Street Dude: stop it.
Thehavenots: 5. Research and Development Program for designing “The New Navy’s” next Generation Ship Configuration and Propulsion System
Development of three minimal-crew, composite, bi-hulled, assault/screening vessel classifications for the New United States Navy; These ships will be equipped with a next generation underwater propulsion system which will allow the vessel to attain very high speeds on the water and meet today’s and tomorrow’s threats with minimal service people at risk.
6. Downtown Tempe, Arizona Business District Revitalization Program Utilizing Planned Recreation/Retail Commerce Zones
Building a state-of-the-art Iron Ride Park on city property to enhance the synergy and retail traffic flow to the Tempe Town Lake and River Walk Recreation/Retail Commerce Zones. Secondarily, buyo
Wall Street Dude: your killing me here.
Thehavenots: 7. Mississippi River Flood Water’s Diversion and Drought Remediation Program
Transporting potential floodwaters from the Mississippi River Flood Basin, via large canals, to lakes and reservoirs throughout the states of Texas, New Mexico and Arizona before the river rises to flood stage.
8. First Response Oil Spill and Coastline Reclamation and Oil Remediation Program
Build a flotilla of ships fitted with oil skimming equipment and capture tanks to reclaim oil spills at sea. Additionally, ocean-to-beach running hovercrafts fitted with solvent injected earth tumbling machines that will process shoreline sand/soil/rocks, reclaim the spilled oil and return the shoreline back to pre-spill condition.
Wall Street Dude: Additionally, ocean-to-beach running hovercrafts fitted with solvent injected earth tumbling machines that will process shoreline sand/soil/rocks, reclaim the spilled oil and return the shoreline back to pre-spill condition.
Thehavenots: 9. Research and Development Program for Building an Alternative Energy Fueled Commercial Commuter Aircraft
Development of a viable commercial aircraft that is powered by a non-polluting alternative fuel source.
10. Programs to Build and Operate a Radioactive Materials and Atomic Waste Reclamation and Disposal Facility
Build and operate, in a remote location, a radioactive materials and atomic waste reclamation/remediation and disposal facility
Thehavenots: no
Thehavenots: you are killing the dreams of everyone on this board
Thehavenots: including me
Thehavenots: this is hard ball
Wall Street Dude: hey, i read popular science too.
Thehavenots: these types of huge bond funding agreements are for stuff like this
Wall Street Dude: DUDE
Wall Street Dude: it ain't happening.
Wall Street Dude: Rufus is not going to be able to fund oil spill remediation projects by scooping up beaches with hovercraft.
Wall Street Dude: and if it WAS going to happen, do you really think any insider worth his salt would sell.
Wall Street Dude: through (omitted) no less?
Wall Street Dude: a trucking company with six semis turns into a flotilla of hovercraft and 500 MPH bullet trains?
Wall Street Dude: c'mon.
Wall Street Dude: a huge bond funding agreement is to build the (omitted) pipeline... (which my firm DID).
Wall Street Dude: and then that resulted in the Arbitrage (omitted)
Wall Street Dude: which resulted in 60 years of knowing municiple finance
Wall Street Dude: which results in things like the (omitted) Wall Street Dude: and other pipelines, shit like that.
Wall Street Dude: the (omitted) is one of the highest interchanges in the country.
Wall Street Dude: tobacco settlements
Wall Street Dude: schools
Wall Street Dude: hell we financed the (omitted) High School
Wall Street Dude: and that was for breakfast.
no lies buddy
this is Wall Street talking to you.
FACT
I get real chicks
no motive
just been working on this stock for two month
ain't going to quit now
let's beat this stock at it's own game,
just trying to find the game
no
investment banker
I don't know half the stuff this guy is posting,
you think I can fake this gimme a break,
he's spouting as we speak.
I've always been on my own. sometimes you like me
sometimes you don't. I am not here to fail.
$$$$$
don't care what you think
never did
I'm getting hungry actually
let me finish