researching
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Sorry, but wrong. What future value? How can you determine earnings multiples to figure out growth rate when there are no earnings?
Yes, but the assets aren't real assets. They're on the books but you couldn't liquidate the company for book value, and not by any stretch, twice the book value. They "service" the assets, they don't "own" the assets.
Book value is meaningless. CSHD doesn't really own anything. They can come up with the figure by simply subtracting assets minus liabilities. They have no income or growth ratio so it's very simple.
Another way to look at book value is the price of a company (it's stock) if it were to be liquidated today. Harris is claiming 2x book value. First, you have to ask yourself, for what? Second, you have to ask yourself who would pay that? No one.
The two times book value is totally meaningless. You don't trade at multiples of book value (lol). You trade at multiples of P/E (price to earnings). There are no earnings, so what's the earning power or growth rate?
Harris is completely fos.
Two problems. The article came out Sunday morning, hours before Harris PR'd the award. And the award is just a gimmick to solicit contributions. It's not a real award.
lol. Yeah that one threw me for a loop. They don't want to pick a fight with the reporters from the post. New York news reporters can be brutal.
I know. But when they do show the ip, they've agreed to it in the user agreement for the site. It's all bs since you can easily get someone's address by imbedding an invisible gif in a post and then checking the log files. And yes, there's no real privacy, anywhere.
The IP address is bs. They wouldn't ask you for it. They would contact the site owner, since there are privacy issues involved. And even then, it would be by court order that Matt would have to turn over that information. They wouldn't just say, send me the ip's.
Investigations by the SEC
The SEC generally conducts investigations confidentially for two main reasons. First, we can conduct investigations more effectively if they are not announced publicly. For instance, important documents and evidence can be destroyed quickly if people hear of an investigation. Second, investigations are kept confidential to protect the reputations of companies and individuals if we find no wrongdoing or decide we cannot bring a successful action against them. As a result, the SEC will not typically confirm or deny the existence of an investigation unless, and until, it becomes a matter of public record.
http://www.sec.gov/answers/investg.htm
There's a link at the bottom. It was in Sundays paper, business section also.
New York Post article On CSHD:
The world of penny stocks rarely fails to astound.
While tall promises and diminutive delivery are hardly anything new, a Georgia company called Conversions Solutions Inc. may well take the prize in this arena.
Conversion Solutions, which claims to be in many businesses, including asset- finance, has a chief executive named Rufus Paul Harris who makes Over stock's Patrick Byrne seem soft-spoken by comparison.
Last week, Harris - who has prom ised that shares, trading at near a buck, could soon be worth $15 - was touting that the company had access to more than $500 million in capital from a se cretive Atlanta-based group called the Humanitarian & Scientific World Foundation, reports The Post's Roddy Boyd.
Why the investment? Because Conversion Solutions approached the group with a United Nations- backed plan by which "many lives will be saved," according to Ste phen Canaday, a trustee at the Humanitarian & Scientific World Foundation.
No more information could be divulged "due to matters of na tional security," Canaday said.
StockLemon, a research Web site run by a short-seller, quotes Harris as promising, "Our target range for three months' trading was in excess of $100 a share."
Also, he pledged "a billion dollars in profits over the next 10 years" - an astonishing claim given that Conversion Solutions lost $758,000 on $143,000 in revenue for the quarter ended in March, according to SEC filings.
Harris issued a press release Friday saying the company had signed a funding agreement with Humanitarian & Scientific World Foundation that provides it with access to a $579 million note guaranteed by Lehman Brothers.
Conversion Solutions' Harris and several other company executives did not respond to requests for comment.
http://www.nypost.com/business/murder_bros__back_business_tim_arango.htm
Harris, Rufus P Mr.
Conversion Solutions Inc./Owner
ADAIRSVILLE GA 30103
500 10/24/2005
NATIONAL REPUBLICAN CONGRESSIONAL COMMITTEE - REPUBLICAN
In that case, he's a jack-*ss because everyone's familiar with it. Falling for a telemarketing set up isn't too bright.
Actually you can get it for free if you push them. But they won't include you in the newspaper ad or invite you to washington for the bogus dinner since you're labeled a cheapskate and they won't get any money from you. lol
No, teacher of the year is regulated and it's a real award. Being scammed into donating money in return for a $3.25 piece of paper is just dumb.
They also have the for Physician of the Year and others. I think they even take Paypal now.
Maybe not bad people, but idiots, yes.
That generated $0 in revenue. If you own your home (an asset) but generated $0 in income, you're unemployed, regardless.
Think Publishers Clearinghouse. A little more "official".
What's funny is that they can't really tell you who nominated you or what the selection criteria is.
And then there's the fact that you're not even part of the district or even part of the party.
It's identical to those internet diploma mills. A nice worthless sheet of paper suitable for framing.
Yeah, it's lame. Like I've said before, Harris needs to just shut up.
I said google "Tom Reynolds" scam awards, etc. There's hundreds of links so you can read through them yourself. This one's the butt of many jokes and it's been around for years.
Forgot the link. There's hundreds of these on google
http://sqljunkies.com/WebLog/donkiely/archive/2006/06/01/21550.aspx
National Leadership Award!!!
It is with a great deal of humility yet pride that I announce that I have been selected to recieve the National Leadership Award from the National Republican Congressional Committee. I am deeply honored by this generous award, proud of all my hard work and the support of loving family and friends over the course of my life. I truly feel that this is the pinnacle of my life and career; nothing can top this.
And co-chairmanship of the prestigious Business Advisory Council? Please, I’m not worthy!
Um, huh? What’s that? In order to recieve this generous award I have to be generous to the Republican Party in turn?
Yes, indeed, this is a political fundraising scam (see here, here, and, ooo, this one is really good...) Oh, for Pete’s sake, do this Google Search to join in the fun. I REALLY love the bio pages where people include it as a real honor. Sheesh. The party has apparently doing this for five or six years.
Obviously they don’t even do the most basic research into who they are calling. If they knew even the smallest thing about me they would know that I would prefer to live in modern-day Bhagdad to supporting the Republican Party. Please, no offense if you’re Republican (or Iraqi). It just ain’t my party. Democrat isn’t either.
Anyway, for Google searching’s sake, here are the caller’s details:
* Eileen Phrase (sp?) called on “behalf of Congressman Tom Reynolds” (Bummer. Many of the Google searches were calls on behalf of Tom deLay. Now, being called on behalf of an actual indicted Congressperson would truly be an honor. Is anyone investigating Tom Reynolds?)
* About the National Leadership Award from the national Republican Congressional Committee
* Phone I was asked to call: 866–338–8289
Here is where I might have made some gut-level comment about scumbag Republicans, scumbag political fundraisers, yada yada yada. But the system in Washington is so very broken and pathetic. What good would it do? Sigh.
Please, don’t be taken in by this scam. It’s tantamount to clicking a link in spam, which encourages the scourge.
He's another idiot that fell for the telemarketing contribution scam. Read up on it. It's pretty humorous reading about all of the people that think it's an award, when in fact they were suckered.
They called me after 3 months in business (got my company name from the chamber of commerce) and wanted to award me "business man of the year". It was really, really funny.
Boo's go out to Harris on this one.
I don't need a fake award to contribute to my party. They've called me before, I laughed. Just google "Tom Reynolds" scam and you'll see how many people have posted about it.
lol. Anyone can receive that. It's been around for years. I can't believe he actually pr'd that junk.
The Canady Holdings address is a virtual office from the same company that CSHD has their virtual office with.
Check hq.com
It's pretty simple. Rules are rules. And I don't know what you posted about the schwab short lending permission junk.
Do you know what an S-4 is? How about the effective ruling by the SEC?
You can't halt an OTCBB stock. Rufus thought the OTCBB was like Nasdaq. He already started back-tracking on it.
All of the originals fled the scene early. Most of this was figured out a month or so ago. PM's were sent around that got people out before this tanked more, since it's really just a pos penny stock story.
Don't worry. Rufus has plenty of supply left.
I think you meant 7 letter, idiot.
You asked for thought. They called and asked if they can loan shares from your schwab cash account?
Why lie like that?
BA - Speculative. Bonds, which are judged to have speculative elements; their future cannot be considered as well-assured. Often the protection of interest and principal payments may be very moderate, and thereby not well safeguarded during both good and bad times over the future. Uncertainty of position characterizes bonds in this class.
B+ - Highly Speculative. Bonds, which lack characteristics of the desirable investment. Assurance of interest and principal payments or of maintenance of other terms of the contract over any long period of time may be small.
Yes, it's a junk rating.
There were only 2 CVSU shareholders, Harris and Stanley. Harris made it sound differently but that was bs, of course.
FHAL was publicly traded, meaning that their shares were registered. CVSU was private. Harris himself said that they would be filing a S-4 to register the shares of CVSU. There's nothing on file with the SEC. And in the case of an S-4 or other share registration, they (SEC) do review that and have to deem it effective. Most other filings are as inconsequential as filing an income tax return.
I think my post limit is about up. glty
Well, the SEC has to deem it effective. They didn't file the S-4. Looks like they "forgot" to tell people that they used piggyback registration rights instead.
I didn't answer you last night. The answer to the fill-in-the-blank question is stock selling. Free money.