researching
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lol. I flipped it and then held. But my gut said something isn't right so I'm just watching. I thought there'd be more movement but it's pretty flat now.
Not sure. He may be restructuring them both. They're both active right now. I would've expected conversion solutions holding to be terminated and the dba attached to conversion solutions, inc. But without seeing what's been filed, it's all guesses.
Not just a name change but a whole different corporate entity. The delaware sos shows both companies.
That's it Ozark. You got it. No office, just a couple of guys sitting in their living rooms on compaq home pc's from staples and a couple of cell phones running a billion dollar company. lol
Google the address and suite number. There's many companies listed. It's not shared space. It's a virtual office with rental space and conference rooms when needed. A lot of small companies that can't afford real office space go that route. But with the money these guys are talking, I doesn't sit well. I also don't like the fact that the r/m's done but there still nothing posted with the sec. Red flags for me, so I'm out unless something changes quickly. I'd rather chase it up for less gain than sit around for a loss on hopes.
I'm out. GLTYA. The office is a mail drop with dozens of companies listed. Start there and follow the bs trail. The guy's a real piece of work.
Nice movement! Holding up well on good vol.
I'll buy that. But you, Ronnie, Digiwench leaving suddenly doesn't go over very well.
Thanks JJ. You sure had the time to conduct interviews/phone calls and pump the board, though.
lol. How many other "the bulls" do you know? I'm bullish, not a short or bear. Otherwise, I'd be smokey.
I believe we're waiting for a 10K and then an amended 8K. The 8KA is supposed to include the audited financials that were previously filed.
My scottrade branch guy said the two co's are linked on his system but he's not sure why since there's nothing else listed.
He's going to check for any pending transfers and call me back. Will post as soon as I hear back from the guy.
Scottrade email alert (no #'s, just symbol)
FHAL DIV 7/28/2006 CVSU **
I'm trying to call them and see what it means and why is it posted as a "div"?
Scottrade just posted cvsu into my account. Just the symbol. Will call to get more info if possible.
OurStreet: I used to include your site as part of any DD I've done on companies. There are/were others (stockpatrol, etc) also. For the most part, the DD was right on the money. Financialwire and Circle group don't hold any weight with me because they're both scam artists. Financialwire is responsible for all the naked short bs that many companies have used to their advantage (e.g our stock is dropping because of naked shorts, not because we didn't generate revenue and our deals were all worthless and we issued a lot of death spiral shares).
With that said, I don't trust Paul as far as I can throw the guy. Do I really believe the stock is worth $15? No. But there's gain to be made in playing this. My Aetna stock tanked yesterday because the company back-tracked from statements made 3 months ago. It's not much different. It gained on statements, then lost on statements. Paul's no dummy. He's not going to turn around and say "I was just kidding, sorry folks". So whatever he's doing he's going to do. I'll make my decisions based on the 10K and SB2.
If I were you, I would be doing my research and composing my column. That, at least for me, would be more useful than reading these threads where people are accusing you and you're accusing the company. Lay it all out and I'll be the first one there reading. That, in conjunction with my other analysis, would be help in my decision making process.
Right now, these posts are about as useless to me as the "I'm buying a corvette and plasma tv with my gains" posts from a few days ago. I'd rather people get back to the technical analysis and level 2 posts to follow the daily patterns in this trading stock.
Regards,
Sam
Let's get the 10K and move this thing up!
That's right. It gives them the ability to sell when there's a run up in pps.
The haven't filed the 4's. 144's are paper. They were probably filed over 10 days ago and they're now showing online. No big deal.
It's on yahoo. Those are paper filings and don't show up for a while online.
re: "RECALL THE FHAL SHARES INTO CVSU CERTIFICATES, WHICH WILL TAKE 90-120 DAYS, AND THEN THE SHARE PRICE WILL BE $15!!!!"
Is that a quote from Rufus? tia
If it comes out today, I'll post it as soon as it hits. I have access to real-time filings and added both CIK's to the watch list.
I'm back in, still with a skeptical eye, but after flipping it it's a hold now to see how it plays out.
That's a canned answer. Seldom does an account contain fake shares so that would be their normal response. I highly doubt that whoever responded to your email knows what's up with this particular issue. The second half is what scottrade basically told me, unsolicited trade.
petermic: Sorry. Freebie user here for now. SB-2 was said to have been filed but the sec never accepted it. Usually, they reject them for accounting reasons and ask for clarification. When they don't have answers they accept, they reject it.
That would've been the cheapest way for them to get trading (especially since they went throught the expense of doing everything else) but now this r/m with $15 buy-out makes no sense whatsoever. There's no way to verify that it was rejected, or for what reason anyhow, but Rufus made a point of referencing the SB-2 for months and then it suddenly went away. Of course he's not going to say that 99.95% of their assets were considered bogus by the sec. lol
Give me stock in Georgia Aerospace Systems MFG, Inc. They're the only real viable company. It's just too bad that the J/V is worthless and done as a favor to help Harris for pr purposes. They're buddies. But that doesn't mean anything to the bottom line of CVSU or FHAL.
Why would it be "tax free"? tia
I have. Read up on why the sec threw out the sb-2 filing and they were forced to r/m with this shell instead.
lol. What? Check the SEC regs.
You can't halt a stock. You can't just set a price either.
They did get a shell (from William). But they couldn't get it public. This is the fallback plan. lol
They're not worth anything. The SB-2 was never accepted. They went through all that trouble just to wind up having to reverse merge into a shell instead.
It's all insults when you question anything. But heck, questioning a $.20 stock guaranteed to be $15 really shouldn't be doubted. The CEO said so. That's all that matters.
Yesm, who needs 15c211's and SB-2's when we have an ignorant jack-zz, such as yourself!
lmao. Saving whom? I made my cash. But by all means, buy more!
15c211 info for CVSU. Looks like the SB-2 might have been rejected by the sec and they're getting around it with the FHAL rm. It's starting to make sense, which isn't a good thing.
https://www.otcstockinfo.com/repository/658329/658329_FR8.pdf
Fairfield CT here too and waiting for the next pop..
I did ask my broker about selling shares. He laughed when I said they were fake but it's not too funny when you're trying to cover a margin call. Not that I thought I would get anywhere with the shares but was hoping that they would refund my money.
He said that if the shares are fraudulent and I tried to sell causing settlement to fail, that I would be responsible for a buy-in and a $45 service fee! But then he said it was a moot point because it's flagged as no-buy/no-sell on their system.
He did ask me why the SEC and FBI hadn't intervened since securities fraud is a federal matter. Any idea why not? I did tell him about the civil suit.
He also said that no replacements had been issued, no new cusip was showing up and the transfer agent was marked as unassigned.
The worst part was that my service agreement holds them harmless (I'm still reading through the pdf file). They acted as an agent on an unsolicted basis (his words). So now what? tia
Hello. I've asked Mr Megas several times via email and his response has always been that he has no legal nexus (his words) to holders of fake shares that were bought as stock in bcit when they in fact weren't. Is he saying that when bcit starts trading, most of the people that hold fake shares will still have them in their accounts and be untradeable? I can't see how there's no liability or fiduciary responsibility from the company at all. This should've never happened and the company is at fault too for not maintaining the transfer and resident agents. Isn't that a break in fiduciary duties? He won't answer the point blank questions, just the ambiguous ones.