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If I remember correctly... they wanted to call this on the stock market something else, possibly conversion solutions group corporation.. but the symbol csgc was already taken, so they had to change the name. I don't find anything sinister in the name... but you are right, the fact that there isn't one for the current name means that they haven't filed yet, or the what they've submitted hasn't been approved or hasn't gotten on the web yet (I guess a call to the office might clear it up).
Search for "Conversion" and you will see it..
However, it only seems to be a "Name Reservation". It was created on 8/2/06. If you click on the link, you get an error though.. Control Number is 0427808.
Okay.. sorry about biting your head off.
There could be several reasons as to why Ben doesn't care. I could speculate all day. Maybe the Rufus is setting up a short trap (set the PPS low unexpectedly after the 10k, and then use company buyback of the stock). I doubt this of course, but it could be the case.
Or maybe he's just being lazy and doesn't want to deal with the board.
Or maybe he naively beleives this company will succeed despite the shorters.
Or maybe you are right, he has short options on this stock right now.
All speculation, nobody knows but Ben..
you might be reading a little bit too much in this. Ben doesn't have to do anything to make a killing if he is going to short. If anything it would make more sense for him to do the opposite (an uptick), and then take short options before the 10k came out.
That Ribosky fellow? (or however you spell his name?)
well, at least it puts my heart to rest at least in one respect.. for a moment there I had thought that it was a hedge fund that was pumping... that would have worried me a little bit more than insiders.
Still there are some negative things about this stock.
But I have never seen such a concerted effert to try and short this stock as well...
It's like a war or something.
Ah, so the people filing the 144's are the ones pumping on this bb.. gotcha...
well, whoever created the document was sloppy to say the least... even if it is legit...
wrong zip code..
no lawyer making the statement..
color of document was wrong..
internet registratin of address was created Aug 26th, 2006
The statement in the document also just doesn't make sense. Why would he put a cease and distist order for non reportal of bond funds, when they are eventually going to come out in the 8k or 10k? Wouldn't it just make more sense to call him and threaten to pull funding?
And if there is a savior, he is probably going to hell for all the pained and suffering he's caused shareholders..., companies, etc..
Don't insult serf, he's put up some good DD here, and unlike Our Street, he is here to put out the truth. Some bashers just put out whatever (truth, falsehood, and innuendo).
how many times has this stock seen $1?
The company is listed as in compliance on that web page (not saying that compliance necessarily is something hard to get or means anything..)
So basically you're saying it is unprovable.. as to whether or not the letter is real or not... unless someone gets a hold of craig cason in person...
Read the post, it said "Cease and Desist".... I don't know what that means in legal terms...
It's a cease and disist order.. whatever that is... but Serf is going to verify it..
14 people marked you with only 92 messages? Maybe Serf is right... paid pumper ring..
Probably speculators thinking that the 10k might come after hours.. would be my guess.. if that is so, then they may sell in the morning if there is none...
Doubt it.. more rumermills...
Yep, only Serf has brought up legitimate things that I've seen so far...
You don't know how many times bashers have said the same thing over and over again as an excuse to be on a board to bash a stock. They are here to warn people, blah blah blah...
While that may be true in a very few cases.. I suspect that the majority of cases it's a strawman's excuse to be on the board because bashers can't really say why they are here (to manipulate the price of stock, because they were hurt by the stock, or they are paid to do so).
that being said, I don't like speculative pumping on boards either as that is manipulative..
tommorow we'll learn that Rufus is really santa claus in disguise... and those horses are actually reindeer...
Oh yeah, and the 10k is coming out December 26th..
Oh.. so I should just look at infinitistocks.com and then do DD and look at charts... hmm, okay.. gotcha..
If you noticed, the PPS doesn't seem to being affected a whole lot by bashers and pumpers.. my guess is that as I am speculating (he is a paid basher), he's not making a lot of money off of this board. Probably doing something else..
Okay, what stocks are you looking to buy next, if any? You have a bb page?
It also could mean he is trying attract speculators, not just penny investors..
Or maybe he's doing it as a courtesy. Or maybe he is trying to drive up PPS to justify the reset value.
But you are right, that is one way to interpret it.
CVSU will have competitors in its subsidiaries, or most of them I think.... it might not have competitors to its main function (maybe, maybe not.. depends on how you 'look' at it I guess - perhaps lending institutions could be considered one).
The biggest drawback I think is the payback interest rate (8%) and/or potential dilution.
I agree, if there is no proof I would take statements about rumors with a grain of salt, or ignore them alltogether..
I have no allusions.. even if PPS is set to 54 dollars, do we really think that 5 billion dollars worth of investment capital is going to come into a company that has a poor P/E ratio?
Admittedly, everybody is not going to sell their stock at once, so we don't need that much money coming in at once... but I'm pretty sure that there will be plenty of flippers.
Maybe 500 million seems more likely.. (and I'm saying maybe on this as this is pure speculation) which means a price support of maybe 4-5 dollars if almost everyone sold (and that is what I hope it to be)...
that should be plenty enough for me..
I only saw a small part of it, he was talking about strangely enough, going to the www.sec.org site to research a company before you buy it... looking at analyst reports, and of course listening to the transcripts that each company is required to give investors as a conference call. Then he was talking about diversification...
Gee whiz, I wish I had time to do all that.. maybe i should quit my job and just continue to lose money doing this.. ;)
mm walking it down to short cover? that's what I would do if I wanted to short cover....
or some investors lost confidence and wanted to take profits?
probably shorters covering or schwab trying to buy shares because they know the price might go higher.
The hedge funds might be liable for the cover if those that shorted the stock cannot.
The action today looks like covering, imo.
actually it says no more than 4.99% of the common stock at a time. So he could dilute the common stock by 4.99% or less at a time... And that only includes the stock of FHAL, who knows how many shares there are of CSHD after the mergers have taken place. Does this percentage change if more preferred shares were issued and now owned by the current owners of CSHD?
It is unlikely that he'll do it now though.. probably after the price resets would be my guess.
The wording also is a little ambigious imo, are the notes convertable after 3 years, or are they convertable now?
I never said that you "deliberately" ommitted stuff. I suspect that you did this by accident.
That is why I said later on that you were not perfect.
And yes, I read your later stuff - even though it was not what I was talking about..
Oh well, I'm running out of posts.. 5 posts left and I am kaput.. ;)
I'm 99% confident since you ommitted the first line which indicated the date of acquisition, and later someone followed up with a filing as to what happened after the one year was up. I'm not going to repost however, since it was already posted here.
And if you are wonder about the 1%, it is because I'm never 100% confident in anything. (You never know. documents could be forged, blah blah.. you may have had too much caffeine this mornig, etc etc)...
really, it looked like you cut and pasted (would have been faster that way if you didn't). Anyway, I remember what you posted even if you didn't. You posted much more than you did in the previous post - including a part of dilution of shares based on revenue. The "date of acquisition" of fronthaul by furia however was in August 2004, and the dilution could only occur within 12 months of the date of acquisition.
Then in later posts, you talked about Fhals revenue for the past year making it look like that this agreement might still be in effect when it wasn't.
Here is the post if you forgot:
http://www.investorshub.com/boards/read_msg.asp?message_id=12947185
As a result of the transaction, Fronthaul became a wholly-owned subsidiary of the Company. At the closing, an aggregate of 20,000,000 shares of the Company's common stock and 500,000 shares of the Company's preferred stock were authorized for issuance to the shareholder of Fronthaul. The common stock issued to the shareholder of Fronthaul represented 69.6 % of the 28,742,842 shares of the Company's common stock in total outstanding post closing shares. The preferred stock issued to the Fronthaul shareholder shall be convertible, at the option of the holder, into shares of the Company's common stock at the rate of 100 shares of common stock for each share of preferred stock, such right of conversion shall be based upon the following formula
(i) Upon the Company achieving revenues of $ 250,000 within twelve (12) months from the date of acquisition, aggregate of 25 % of the preferred stock may be converted;
(ii) Upon the Company achieving revenues of $ 500,000 within twelve (12) months from the date of acquisition, an aggregate of 50 % of the preferred stock may be converted; and
(iii) Upon the Company achieving revenues of $ 750,000 within twelve (12) months from the date of acquisition, an aggregate of 100 % of the preferred stock may be converted.
On the one-year anniversary from the date of acquisition (" Anniversary Date"), should the Company fail to achieve any or all of the revenue thresholds, the Company shall redeem the uncoverted preferred stock within 30 days from the Anniversary Date, then the shareholder, without regards to the revenue requirements set forth above, may, at any time thereafter, convert the preferred stock into common stock as hereinbefore set forth.
pump and dump? I've seen it before.. they run up a stock on a few shares.. get people to buy large chunks.. and then they sell off...
That was not the post you originally posted.. you only posted part of it. You also quoted the top part of the form which referred to the dilution of shares on August 2004 to August 2005.
well, since the message was deleted, I can't quote it anymore. But basically the first line said RAPE or something like that...
And stop misquoting me.. I never said that the toxic loan was eliminated. I just said that a post you put was taken out of context.
I never said that the toxic financing was out of the picture. I even posted some stuff that indicated that dilution could occur under certain circumstances (in 2008 I think)...
I just said that you took one part out of context (or it appeared to be out of context) to make a point that you were not perfect.
Yep, I think I read on one board that he was a Turkish national trying to free the Crimea region from the Ukraine, or something like that... or at least he said that.