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Volume looking powerful for first 15 minutes of trading. We have just gotten started. I bet we hit .40 if not higher today just based on way volume is running.
Mfridge it is essentially a reverse merge. Just because FHAL has assets does not mean it cannot be reverse merged into. CVSU is using FHAL to go public. It is great for FHAL shareholders.
Anyway the type does not really matter. What matters is how this goes down.
My last post for today. I guees since I am new only get 15 posts per day.
lenshawn private companies often have private shares that trade privatley. So it is conceivable CVSU has shareholders with shares valued at $30 based on the assets on thier balance sheet.
lensshawn that is the classic definiton of a reverse merge. It is not the only way it can be done. A company can potentially reverse merge into any public company. Sorry just don't feel like writing out a detailed explanation although I could.
lesnshawn does not have to a shell company in classic terms just a public company. In this case FHAL would basically be considered the shell.
Would take to many words to explain it.
lenshan essentially it is a reverse merge. It is not confsuing if you understand a reverse merge. Google "reverse merge "
caaaa-ching Nice JJ eom
Private companies can have shares. They don't trade on a market. But trade privatley.
haley when I spoke to him on the phone
He said there would be no reverse period.
On the interview he did say not at this time. But you are twisting it.
You are not telling the truth.
Rufus said no reverse split
The reason I called him is because I was worried they would use a reverse to get share price to $15. He said no would not happen.
He also said no reverse in the interview
lol thanks jj
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.
jjseabrook another question for the list
If FHAL shareholders can elect to take the $15 cash per share. How do we get it. Do we pull our certs send them in and are sent a a check for $15 per share? Do they do via the brokerages? Where we make the election and the brokerages do the transaction etc...?
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.
Float sure is tight at these prices compared to the last time we were here. Somebody is accumulationg alot of shares and holding imo. Timelines for info seem to so tight it is worth hanging around to see whats behind door #2 and #3.
Also at allstocks board others are apparently getting confirmation of the meaning of the $15 comments in section 2.6 of 8k from Rufus. Saying same thing he said to me.
Well Got me some more. I think there is much more than meets the eye here. It is worth to find out what is behind the curtain.
RonnieD Rufus said..
I asked the question where in the world would the company get the kind of funds needed to pay $15 to all shareholders. His answer was they have $500 million in cash. However, I see no financial documents that state such.
I am not saying it is true but that is exactly what I was told. No interpretation needed. He made that specific statement. The issue is not moot until others gets some clarification. To my investment this is the most important paragraph in the 8K. One because I don't fully understand it's ramifications negative or positive. The reason I called him on it was I was afraid they would attempt a reverse split to get the share price to $15. He assured me they would not and then gave me the explanation I shared in previous posts. Two because that statement could have huge affect on my investment.
There is a discrepancy between what is being said and what info is publically available. So I am going to reserve judgement until others have talked to Rufus.
I will now refrain from posting until others get some clarity on these issues.
Doniboy that is how I read 2.6 of the 8k
but that is not how it was explained to me over the phone. That is where we need clarity and hopefully JJseabrook can get it. I reserve having an opinion either way until we get a better explanation.
Ask him about 3.5 billion in assets including 500 million in cash?
See if you can get some details
Yes sir JJseabrook
I fully understand. Trust no one when it comes to information on message boards. Misunderstanding, miscommunication and alot of outright lies float around the penny world. When it comes to each persons $$$ better verify for yourself.
Have a good night.
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.
Guys also I suggest anyone with questions call Rufus .
I have lurked at IHUB never posted until this stock. Although I have posted at yahoo and RB for a long time. I am not trying to establish credibilty but others on another board questioned my integrity because I am a new poster here.
Do not trust me or anyone for that matter. Pick up the phone and call. I would love to hear what others were told and their interpretation. It is important for me to understand this as it is a big factor in determing how much more I will put in.
I have concerns but...
I want it to be true and if get some clarity would load the boat way beyond my current position.
The reason the price is down is lack of clarity.
We need it spelled out in a PR because the language of the 8K on this issue is not clear.
It is hard for me to believe. In fact just does not look possible with information we have. However, maybe we do not have all the info and there is much more to this than meets the eye.
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.
da_gun it comes down to this FHAL gets acess to capital and cvsu gets in on a giant project and instant OTC listing. Perfect marriage. Everyone wins.
.28 x .29 looks like we gapeom
You keep your fhal shares
Essentially CVSU is reverse merging its assets into FHAL. FHAL shareholders keep shares and CVSU shareholdes get 1 FHAL share for every CVSU share. Company is revalues with combines assets. this a huge win for FHAL shareholders.
Read the filing guys. it is clear and concise
ivxx it is in an 8k. It is real. Pr's can be ambigious. Sec filings must be accurate.
Perfect Storm
Read entire filing everything looks great. Share structure is tight even after merge. No reverse which is fantastic.
Fact they put this in an 8k is huge. This is an official sec filing. Can't play games and can't leave out any detail on the merge. That means it is what you see period.
This should easily go into the dollars and should have a nice sustained run to get there.
These kind of deals don't come around very often.