researching
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OT: Yankees pitcher Cory Lidle feared dead in crash into high rise in NYC. Keep them in your thoughts. This reminds me of what happened to Thurman Munson years ago.
No, pr's are just pr.
The pic's were nice, though.
I really doubt it'll break $3. $2.80 close is my best guess.
Yes. They would have to file as a BDC under the 1940 act to be governed by those regulations. They haven't done that, so they're not a "BDC".
That would be highly suspect since BDC companies show only gains and losses from their investment holdings. They can also raise $5 million without disclosing. It was the scam du'jour a couple of years ago.
I doubt that. It looks like they're dumping quite a bit. I'd sit on the sidelines and watch this for now. I don't think it's over.
If you really don't think they're lying to you, then they engaged in a convertible. Either way, it's ugly and will take a while to shake out.
re: "Simon: If Market Makers control price of stock, how will the reset actually work if MMS control both the bid and the ask?
Rufus: In this particular merger, it is an aquisition. Fronthaul aquired CVSU b/c Fronthaul was public, CVSU was private. Fronthaul was at 8/10 per share when they signed the deal. Therefore, fronthaul had higher value share per share in merger than CVSU. Therefore, fronthaul aquired CVSU. One for 1. 111 million shares issued in agreement. Total, including fronthaul float, and the 49 million from Waatle/CVSU. In that process, when one company aquires another one, allowed to recalculate the book value and reset the price of your company through filings because the value of the two companies combined shows more value. Similar to IPO but not the same thing. Just revaluing the new entitity."
What is 8/10 per share?
tia
It'll run tomorrow, imo. I think it'll drift down to $2.6's before finishing in the $2.8's today. Narrow trading range.
2.79 x 2.80
Sure. The merger, like any other merger, has stipulations. None of those are violating any sec regs. But the merger document has several options. One of them would basically be to leave things status quo. But he can't "guarantee" that one of those options ($15) will be the one chosen and then chose the latter or alternative.
Even if he says that their intention was to chose one over the other but in retrospect they evaluated the circumstances and chose a different option, the fact that he guaranteed something publicly is a violation of securities laws. If I, as an investor, bought based on the guarantee and then it was changed, it's grounds for a civil lawsuit aside from sec enforcement.
Even in tort law, there's basis when someone offers a guarantee in exchange for monetary consideration.
I'll see if I can find a link. It's just a given. You can't guarantee anything. You definitely can't guarantee that you won't lose money. That's not possible. And you can't state for a fact that a stock will reach a certain price.
If you read through any 10Q's or 10K's for any company, you'll see the portions that talk about risk, guarantees and safe harbor.
Oops. 1934.
Securities Act of 1933
lol. #1 and #2 are major no-no's.
Yes, they're not considered a BDC regulated by the investment act of 1940.
re: "In that process, when one company aquires another one, allowed to recalculate the book value and reset the price of your company through filings because the value of the two companies combined shows more value. Similar to IPO but not the same thing. Just revaluing the new entitity."
All true, except that what he's referring to are tax valuations. Reverse mergers like this allow for stock swap without any tax liability.
That's been interpreted as being share price but he's leaving out that clarification.
That's the current hype. It won't last long though so play it accordingly.
With the volume and price drop, they most likely issued shares. I always get worried with new companies since those convertible guys can woo a company and destroy a company if you don't know what you're doing.
Thanks. Hopefully not.
Does anyone know if they're involved in a convertible debenture?
Have you figured out what ARCA or the ADP list is yet? I won't take offense at your comment since it seems you don't know much of anything.
I used to think tut was just a pumper. Now I think he's just a sucker.
Please do. I know for a fact that those awards are given out for contributions. There's no other criteria. Nice gimick, though. It's well documented so don't waste your time.
lol. #4 was a small contribution where you receive some lame reward in return.
That's true. It's hard to tell what happened.
Remember digiwench from way back? She's still in there. I've always wondered what she did since her posts where all clean.
I know. I'm trying to figure that one out. Multiple id's maybe? I don't see anything way out of line.
She'll probably never make it out. She'll give the mods hell and they'll make her sit there.
Purl Gurl jailed. eom
mm's are walking this up on nothing. I wonder if some big dumps are being set up.
On time to be late. That's a good one.
The first "interview" was intriguing. The second one made you really skeptical. The third made you rotf laughing. And the fourth is beyond description. Good grief.
True. If you look back when it ran to $4, the board was full of aliases that had never posted here before. Most have since gone. Those jumped in and out on the momentum.
I guess my point is that for every gain, there's a loss. So for everyone, like yourself, that bought in low it's a very nice gain. For those who bought in high, it's a loss.
I'm hoping for a good month. October's always treated me well in the market. Except for that one really bad year...
Good eye, though. I hadn't seen that article before.
Looks like it's a contest and he thinks CSHD will plunge.
I was sitting here thinking the same thing. It seems everyone bought at the lows, have free shares and are making lots of money. What about the one's caught up at $2+ or $3+. No one says they're losing money. And many of these players are used to penny and sub-penny stocks. This one is expensive compared to those. Averaging down gets expensive.
Want to bet that some of these cheerleaders are just hoping to minimize losses or break even?
Call it experience.
It's in the 8-K. All it really is is a reason to be able to dump shares, that's why those contract agreements are so far fetched. Expenses will be paid for with shares, shareholders footing the bill.
English courses would help also.
Thanks. My F350's gonna get traded in then.
Jokingly.