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Yes sir! How many penny stock players always go around saying their stock is going to dollarland...and how few actually make it?
Today we crossed a new frontier to join a handful of stocks that went from below .10c to $1.50
In a week and half.
FHAL did this ON NO NEWS!
It doesn't suck, dude. It looked better earlier, but I know we're getting back there and beyond!
Bashers: Time to up the meds. Seriousy.
Like a bunch of friggin stalkers.
Am now putting all you guys on Ignore.
Don't you have a life? This is getting psychotic guys.
He's having his period. Mood swings can be a bitch.
but thanks, dude
Jealous much?
It must be damp...
You mean a CELEBRITY is giving us ADVICE?
wow
Sure..I'll send a photo to MMs..let them know WHO THEY ARE DEALING WITH.
You know it, boys. Nice getup for Halloween!
Either someone is very short...or as JJ said, if it closes above $1.13, it enters a new category.
If that happened, there would be many more buyers than there are shares, and this thing would start trading in a very eratic way.
MMs are determined to control a stock's rise, and prevent unruly trading...
Ergo.....trying to keep the stock from crossing that line before EOD
My PC/internet is screwy...keeps giving me double posts
It's a group psychosis. I swear it.
People have no life...they're so miserable, they look for opportunities to come around and try to shake other people's confidence or enthusiasm.
If I didn't like a stock, I wouldn't buy it. If I owned a stock I had doubt in, I'd sell it.
I wouldn't waste my days hanging around it's board, getting into pointless arguments with people who are obviously bullish.
Am I missing something here?
Not real bashers, just negative people who can't believe that something really good could happen to them.
It becomes a self-fulfilling prophecy. They approach opportunity with so many doubts and misgivings, that they miss the boat. I feel sorry for them.
I plan on buying some steel balls, or at least renting a few, as soon as I can.
GAIN: $89,438.89/ 288.08% (percentage gain)
Loser. Go away.
That's all FHAL, and that's only today moron
We don't seem to be a "end on the HOD" sort of stock.
We seem to be a morning runup, and then drift down sort of stock.
I should pay attention...that might give me the guts to try and flip for a few more shares.
Here are a few good posts from my collection, which I have been mailing off to my husband. Keep scrolling down. Hope they help!
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Posted by: faith4more
In reply to: None Date:7/14/2006 5:24:27 PM
Post #of 1404
Just spoke with Rufus Harris
The context of my conversation was about the paragraph in the 8K below. Now as a disclaimer I do not want to be accused of being a pumper or starting rumors. It is possible I did not fully understand his explanation. So I do not vouch for the accuracy of this data or my ability to interpret it. In other words this info may be wrong or misunderstood by me. What I am about to say will cause a reaction so take it as my interpretation even though I felt like he was being quite clear. I make no recomendation to buy or sell based on this info. Call him and make your own judgements about what he says.
Anyway about the paragraph below
Basically what "I understood" him to say it meant
Is if the stock does not close at $15 at time of merger each shareholder can opt to take shares 1 for 1 no reverse in new company or can opt to take $15 in cash less whatever the closing price is. I specifically asked who would make that decision and he said it up to the shareholder. I then told him I hold shares in FHAL not CVSU so would I be entitled to either the shares or the money at my discretion. He said yes.
Next question was how in the world could the company pay everyone $15 per shares. He said they have 3.5 billion dollars in either assets or contracts with $500 million in cash.
Now that being said I am confused. First this just seems to good to be true and second I do not fully understand section 2.6 below but I can't make the connection between what that says and what I was told. Third $500 million $$$$. I did not see that on any balance sheet.
I want this to be true but am confused. I wish the company would issue a PR and clarify this issue.
Others should call and see if they understand the same thing and report back.
2.6 AVERAGE CLOSING PRICE ADJUSTMENT.
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company shall deliver written notice to the Company no later than the second (2 nd ) Business Day preceding the Closing Date pursuant to which the Surviving Holdings Company shall elect, in its sole discretion, to: (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price; (b) set the Average Closing Price at $15.00 and pay the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ) an amount in cash equal to $15.00 minus the Actual Average Closing Price per share of Buyer's Stock to be received by such holders of Company Shares; or (c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ). In the event that the Buyer elects option (c) described above, the Company may terminate this Agreement by providing the Buyer written notice of termination no later than one (1) Business Day prior to the Closing Date.
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Posted by: faith4more
In reply to: JJSeabrook who wrote msg# 1405 Date:7/14/2006 7:03:22 PM
Post #of 1419
JJseabrook
Good post and I agree. I look forward to the report of your call. When I made the call I thought he must be thinking I am a CVSU holder. So I clarified I am a FHAL holder. I specifically asked him will FHAL shareholders have the option to choose shares or the $15 and he gave me a definite yes. Who knows maybe Rufus got his own wires crossed in the explanation. It is also possible I misunderstood that is why wrote that disclaimer in my first post. The way I read 2.6 in the 8K is the CVSU holders would get the $15.
Please get us some clarification.
If I am wrong or misunderstood everyone please forgive me. I felt it would be helpful to bring to the board so we could collevtively get clarification not to start a rumor.
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http://www.investorshub.com/boards/read_msg.asp?message_id=12067108
Posted by: Charlatan
In response to my post that :isn't it only CVSU shares that can be convertedd, not FHAL...?
http://www.investorshub.com/boards/read_msg.asp?message_id=12067108
Posted by: Charlatan
In reply to: digiwench who wrote msg# 1718 Date:7/17/2006 10:16:54 AM
Post #of 1723
8K states...
That basicaly, CVSU shares will be canceled. FHAL will issue new shares at a ratio of 1-1 as merger consideration to the CVSU shareholders. The shares issued to CVSU holders will be rule 144 restricted. So basically add up the shares of CVSU and FHAL to get the new O/S. The shares issued to CVSU will be restricted and ours will not be affected by the merger. It's simple realy. The float will remain 40 million for the new company
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Posted by: livingonpennies
In reply to: None Date:7/17/2006 12:43:13 PM
Post #of 1799
I spoke to Mr. Haris one more time and yes he said FHAL shareholders will receive the $15.00 a share. 1-678-255-7650
Will someone else please verify and ask questions about this merger. thanks
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Posted by: livingonpennies
In reply to: negger0 who wrote msg# 1804 Date:7/17/2006 12:56:14 PM
Post #of 1806
negger please call and ask these specific questions. We all need clarification at this point. I was just told the float was 16 million not more then 20 minutes ago. Something is not adding up here.
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Posted by: Charlatan
In reply to: livingonpennies who wrote msg# 1805 Date:7/17/2006 12:58:10 PM
Post #of 1816
Who told you the float was 16M ? It was 48.8M in June
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Posted by: Kramrer
In reply to: None Date:7/17/2006 3:27:29 PM
Post #of 1918
Look what someone posted on HSM
From cassity at allstocks (well respected person)
HOLY SHEEEEEEET! It is true. I just got off the phone. 10 to answer your questions. Merger is already complete. All they have to do is file a 10k audited finacials, and a S-4 for CVSU's shares. He put me on hold at the beginning of the phone call and when he came back, I said, "I'm sure you've already been asked this a hundred times today". He interupted and said, "What the $15". I said exactly. I said how is that possible, he said it was all in the 8-k and I mentioned there has been several interpretations of it. I asked if they would be PRing any of this info and he said he would towards the end of the 15 days of the 8-k filing. No definite dates, but I can hardly type because I'm so shocked. Anyways, that's it. Hope it helps, but I know ya'll goin be saying yeah-right. Oh well, call yourself.
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Posted by: 6digits
In reply to: None Date:7/17/2006 5:15:34 PM
Post #of 1966
I have just been talking to Rufus at CVSU and still trying to accept what he just told me also. The shares will be worth $15 cash in value at the end of the merger, no ifs,and, or buts about it. The guy agrees with me that I will be a millionaire at that time.
He said the merger will be complete in 11 days.
He has me on hold right now and I don't know if he is coming back. I hope he is talking to JJSeabrook.
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Posted by: 6digits
In reply to: None Date:7/17/2006 5:27:00 PM
Post #of 1964
JJSeabrook, I hope I didn't hold up your call, I was looking forward to your conversation with Rufus.
He said that the combined value of the merger is $15 and thats what the share holders are going to get. A lesser share value didn't even enter the equation. I said that this will be a windfall profit for the share holders and he was just agreeing with me. And if we want we can hold onto them for more "YA RIGHT", so anyway I don't know how to take it any other way except that i'll be more sure when I'm taking it to the bank.
He said those that aren't picking it up right now at the .2Xs are missing the boat. So my concliusion is that we or I should say I am in the best stock deal I might ever see.
I'm tempted to go buy more shares.
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Posted by: amazongold
In reply to: None Date:7/17/2006 5:36:36 PM
Post #of 1968
I spoke to Rufus earlier today and was told kinda the same stuff as the previous investor.He indicated they have almost bought out the entire float and there will be no problem buying out the remainer for the price noted in 8K.I asked if they were buying out the float why didnt the price increase and he stated because companies buy back at the bid.Float according to him about 5 million at the most.Good luck all.Hope this holds true.
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Posted by: faith4more
In reply to: JJSeabrook who wrote msg# 1956 Date:7/17/2006 5:49:09 PM
Post #of 1986
JJseabrook when I spoke with Rufus
He indicated each investor could choose the shares or take the $15. So if that scenario is true if it was at $1.50 you could take the $15. It seems the company is expecting this to be much higher and/or maybe they are buying shares like some have mentioned and the float will be so small if they did need to pay out the $15 it would be a much smaller amount than we think.
I have not found a stock this interesting in sometime. My favorite thing is if this is true the timeline is very short.
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Posted by: faith4more
In reply to: RonnieD who wrote msg# 1971 Date:7/17/2006 5:57:12 PM
Post #of 1990
RonnieD when I spoke to Rufus
I thought and he told me what the $15 meant. I thought he must think I am an CVSU shareholder. So I told him I am an FHAL shareholder. Then I specifically asked will I as a FHAL shareholder be able to take the $15. His answer was yes FHAL will be able to take the $15. So again I said something to the effect of not just CVSU holders get the $15. His answer was correct.
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From Hot Stock Markets:
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...I talked to rufus, finally got through, it was hard to type as fast as he was talking because of the corporate mumbo jumbo, i tried to copy the main phrases in there at the beginning and then got lost cuz i was asking him to go over a few things again.
the pps change will happen upon completion of the filing, f4 registration under the merger
affect of registration and resulting decision of merger are the share as of the date will either be purchased at 15/share from shareholders, pps will be reset at 15 or will (kinda got lost here, when i asked for him to repeat he said it says it right in the 8k, guys remember where that abc $15 thing was? someone post that please over)
reason why:
CVSU shares are at like $30 (I think he said) and the CVSU shareholders are very mad that they are even going as low as $15. one of the 3 options from the 8k are going to be taken into action. CVSU shares are not released into the market yet, and they have to wait until the FHAL changes to CVSU. there will be NO HOLD of trading (oh shit, i just reliazed i forgot to ask him about the record date ****) and the date as i have on the title is correct, the 28th. on the 28th, the FHAL shares will turn into CVSU shares, and thus dillute the previous FHAL shares with the CVSU shares a little bit.
i specifically asked him why they would change the pps so drastically and like he said, the cvsu shareholders were actually going down and pissed about the drop in pps (which is why they were trying to buy back the cvsu shares from shareholders i think, to have them come back into the cvsu market after the change so they dont destroy their shareholder base, but im guessing on why they tried to buy back didnt ask him). he also said that they are in the business to make money, and to do that they are going to have to start at a respectable PPS.
DO NOT, I REPEAT DO NOT buy based on what i am saying here. HE COULD BE, im NOT saying he is but COULD BE as you all said, a scammer and tricking us into buying in and then he leaves the country but that is very doubtful IMO.
I SUGGEST you call him, he is VERY intelligent he throwing my brain into a maze with financial terms and rules. PLEASE call him.
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Posted by: JJSeabrook
In reply to: None Date:7/17/2006 7:33:09 PM
Post #of 2035
JJ & RUFUS Q & A!
I'm copying this off the post on my board so where it shows [color=Green], that is the response to the question. ENJOY BABY!!! ENJOY!!!!
Some confusion on HSM..Is the $15 paid to FHAL...they seem to feel that FHAL is paying CVSU shareholders the $15.00....
SB-2 will be at $15. They wanted to value it at $34 but Rufus didn't want to do that because the SEC would have stalled it. Valued it lower to avoid SEC questions and delay. 11 days til done. 10K filed by end of this week, if goes as planned.
Option in 8K applies to the reorganized holdings company. Currenlty loading the float @ .20. He says the provision in the 8K DOES apply to FHAL shareholders as that provision is for the reorganized company and is NOT talking about the prior CVSU company.
Float now between 16-18 Mil. Large number of shorts.
Is there a limit on the number of shares that can be cashed in for $15? If so, what's the number.
NO
Is it necessary for any money to be paid to either side's shareholders at all for the deal to be completed?
NO
In other words, IF that $15 provision applies to current FHAL shareholders, which I don't think it does, and we "can" elect to accept $15 per share for our shares, when will we get the payment?
IT WILL BE VALUED AT $15 PER THEIR FILING.
What is the worst case scenario for FHAL shareholders?
Shares trading at $15. Down side is it gets shorted, but not a concern cause they're buying it as quick as it gets sold and plan to keep doing that.
What could change the scenario before 15 day period?
NOTHING, already filed with SEC. Can't undue the merger. It's filed with the Secretary of State in Delaware. It's a done deal. It's set in stone.
What are the prospects for the new CVSU conglomerate share value? Are they including the proposed value of the Amazon deal into the worth?
Amazon deal not as it seemed. Contacted ambassador of Brazil and it does hold huge future potential. Logs plus environmental credit...they, FHAL, will be originators and it has good long term potential. Current value not based on Amazon deal. Don't factor anything in that is not closed. Amazon deal not in the figures. Long term potential there but not a real major factor now in any way. FHAL was basically about to go broke. CVSU has never been on the OTC. This was a shortcut to get there. Could be on NASD in 45 days, but may take longer. Company grew MUCH faster than they ever thought it could during the time it took them to get all their SB2 filing together for all the JVs. It totally snowballed far faster than they could ever imagine.
THEY'VE BEEN WORKING ON SB2 FILING FOR 7 MONTHS SO FAR BECAUSE OF ALL THE SUBSIDIARIES.
JJ ask him if they are going on a bigger exchange..why at $15 (not saying that would be the case here) would the company be a bulletin board stock??
45 days is the estimate to go NASD, but no guarantee. Issue that could factor in is the 50,000 shares traded per day. Don't know if it will trade that many shares per day once we open at $15, or so, so that "might" be an issue.
If FHAL shareholders opt to keep their shares...are there any issues to be aware of?
Other company officers wanted to value the shares @ $34.00. The only issue he's aware of is that it could hit there and go above that.
Will FHAL trading be halted? If so, how long?
NO TRADING HALT, PERIOD. They are filing this in a way to avoid a trading halt. He didn't want to put up with the phone calls. LOL He said he's been called more by CVSU shareholders than FHAL shareholders. They want to know if their stock is only going to be worth .2X per share. LOL
What will occur during the trading halt?
JJ...can you ask if we get $15 a share..ask him if there is a split?
Do you expect that some of these sub-companies under CVSU will be spun off and the FHAL shareholders will get dividends of those spinoffs? Will those companies IPO? Will the dividends be restricted for a year?
Every company will be spun off within 1 1/2 years per contractual. $7.2 Bil government contract on American International Smart Structure. WOW Designed fiber optics systems used on space shuttle, etc. He never had the money to mfg. his patents. CVSU has backed them, formed new corporation, holding the patents, they got the funding, and it will be a huge, huge, deal. Biggest JV. Cities offering large municipal bonds and tax credits.
NO TRADING HALT!
Ask him about 3.5 billion in assets including 500 million in cash?
See if you can get some details
Will FHAL Shares be restricted in any way (just to clarify once and for all)
There will be NO restricted shares other than those of insiders, period.
JJ my first post here but here are some..maybe repeats
1) What is the specific closing date...not mentioned in the filing
2) 8K says either party can unwind the deal one day before close....did I read that right
3) Is their a quiet period for the insiders
4) How soon do they need to pay the 15. or difference after close. I didn't see a perforamnce date.
Thx, Rick
NO QUIET PERIOD! Just going through financials. They could be releasing PRs every day. They have an internet lottery that they're about to blast off! Georgia Ohio and California to begin with that will replace those state's state lotteries. Can buy on internet or through ATM machines. Even trying to see if they can sell stock through an ATM!
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From Hot Stock Market:
Today, 08:43 PM #842
Blooey
HSM Regular
Join Date: Apr 2006
Posts: 292 I was just teasing with my last post. Sorry.
I don't really remember everything from our conversation because I didn't think to record it or write it down. Stupid me! But the important thing is that I asked him outright about the merger. He said it is a done deal. FHAL no longer exists. It is COMPLETE. The only thing is they need the 15 days to get an audit before they can put out the 10K. (Honestly, I didn't understand that part very well. Still a lot about this stock stuff that's a bit over my head.) I asked him if there's any way this can be cancelled or anything. He stressed that no it can't be cancelled and it's a DONE deal. All systems go.
So, are we gonna get $15 a share? Yes, he said. I asked why would you do that, people are gonna dump this baby if that's true. He said, that's fine, let 'em, he'll buy up the float. He's BEEN buying up the float, he said.
May, I musta been annoying cuz i asked him about 8 times, "is the merger complete? the shares are seriously going to go to $15?" LOL. He said yes every time.
I forget what else we talked about. Those were the important points. LOL.
Oh, and certainly no reverse split.
Now, whether or not Rufus was bullshiting, or is sitting in his jet waiting for departure to Mexico, I don't know. But this is what he told me, straight out.
This is as much confirmation as one can get at the moment. The moment of truth will come on the 28th when we see what the shares really open up at.
I am beside myself with disbelief. Part of me just says he MUST be scamming me. There's no way I have a quarter mil in my pocket! And yet he he insists it's all true...
What to do??!!!!!!!!!!!!!!!
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Posted by: JJSeabrook
In reply to: None Date:7/17/2006 7:12:25 PM
Post #of 2030
Give me about 10 min. My damned cordless died on me as I was walking to pick up another phone so I didn't get ALL the questions answered, but $15 is a GO!!!!! I can't freakin believe this!
http://www.investorshub.com/boards/board.asp?board_id=4780
That's what I got: partial fills. What a pain in the neck.
Look at ARCA, big bid @1.12
A simple Analogy, Sandvet:
A reverse merger is like the invasion of the body snatchers.
A rich smartold guy pays off a broke young bum, just to get his body, because he has no criminal record, is healthy, and doesn't owe the IRS anything.
Any old contracts the bum had (our shares) will be honored, but the old shell is being revitalized by a rich man's assets.
Everybody who knew the bum well thinks it's the same old crap he used to spout...but those in the know, realize there's a Rolls Royce just outside the door, waiting to take him to a new home.
Many people don't know what a reverse merger is, so they think it's just another of FHAL's amazon river schemes getting pumped up as usual.
For the bum, .09 cents value was a stretch. But for the rich old guy - CVSU - $15 pps is actually low. Crazy low. Could be valued at $21, but below twenty doesn't raise any flags at the SEC, that require more proof of assets. I think with every multiple of 100M a company is worth, it makes the complications go up geometrically.
There are other precedents of people buying Reverse Merger takeover stocks, and going from .06cents to $20, or even $50. It's not what most people are used to on Penny boards, so they're looking at it the same old way.
But at the very least, as the news gets out, if the low float (48.8 in May) and ongoing buyback of FHAL shares is true, we should be seeing $3-$5 dollars without much volume, as we saw in today's action.
That's why I'm not flipping. It's happned to me twice since yesterday.
We'se in da BIG LEAGUE now. Kewl
I'm the one sneaking to buy more....
Husband is the conservative prudent banker who would buy a steady diet of bonds, mostly.
Could you call, then, and record it?
More like daytraders closing out their positions by 3:30, like they should
Now it wants a real job on the NASDAQ
After all, the kids need to go to college
You mean it's wild partying days with the under $1.00 crowd are firmly behind it?
Imagine by Friday. I'm going to take a picture of it, and keep it in my wallet.
Yeah...like someone else's account is right.
DANG!
I know, Aleem....thought about it. Probably should have at 1.50
Just that I know how long it took me to get filled, when I was topping off my shares the last two days.
Once, just to buy 5000 shares, it took over 10 minutes. And, I had priced my buy ABOVE the ask, knowing that things were moving fast.
I would hate to be out shares, and have the thing turn away from me.
Still....would be nice to pick up more!
I know...my Ameritrade account looks like someone fat fingered a trade. But it's all mine. Unfrigginbelievable.
I know how you feel. Get a blanket, tho. Get's cold on the ledge at night.
Daytraders, like the poor, will always be amongst us.
These guys are giving me a headache. You'd think they'd hold out for greater than a 10cent run.
I read that...but missed the PR part.
Nice!
Where's TallRob...check the ledge! Tell him it's safe to come back now!
Dude...where'd you hear this?
Nice link!
Short term CGs =.28%, best if you can hold
This is usually not even an option with pennies..but with this one, who knows?
Off to spread good cheer and happiness elsewhere
Like a flock of locusts...
Good thinking, and I agree. I dare to think I could hold this.
Capital gains for equities held over a year are about 15%, I think.
Didn't even think of dividends. Too cool.