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CuttinRog, that's what I don't understand. It seems like they would be taking a huge risk with a potential price reset. Even if they "borrowed" the shares from their account holders, they would still have to give them back - but at a significantly higher price...
Colt, I appreciate your reply.. In saying that CSHD comes off the list today, does that mean that shorts must cover today?? Thanks, I'm new to short squeezes...
Is TODAY last day for shorts to cover???? If so, can anyone explain the effect of the "close-out" which if I am correct, would be initiated by Monday?? TIA & GL
http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm
"Question 5.5: When must the close-out be initiated?
Answer: Rule 203(b)(3) provides that participant of a registered clearing agency that has a net settlement failure in a threshold security for 13 consecutive settlement days must immediately take steps to close out the fail to deliver position. The close-out process must be initiated no later than the beginning of trading on the trading day following the 13th consecutive settlement day with a net short settlement obligation."
Thanks h2O...last post of the day..good night all!(eom)
h2O, where do you get your # from?? Can you post a link? TIA & GL
havenosense on ignore... geesh..I wish I had done that yesterday.. such a better board now!!!
Cowboy, it's only a matter of time... and time is on our side, my friend. Every second that goes by is one second closer to the big bang!!! Frankly, I think it's already too late for many shorts. They have their position, and we have ours - and no one is willing to budge! As I said before, everyone has placed their bets - it's time to turn'em over... Me thinks Rufus has the winning hand. lol Of course, all IMO...
Speaking of TZOO.....
See links in below post of 8/13...
Posted by: some_extra_dough
In reply to: None Date:8/13/2006 5:02:40 PM
Post #of 54525
CSHD: Another Travelzoo (TZOO) short squeeze??
http://www.investorshub.com/boards/read_msg.asp?message_id=12622781
claudio, I think you're exactly correct. Also, a lot of people, myself included, have already placed our bets so to speak and don't have any funds left to buy any more... If I did, I would be all over this at these prices!!! All IMO
Volume has almost come to a standstill this last hour or so....
Anyone with a guess as to why??? TIA & GL
MORE NEW BOND INFO....
http://www.apk.fi/files/List_of_issues.pdf#search=%22%20isin%20bond%20FI0001004558%22
Our new bond is the second from the top: FI0001004558
Bid higher than ask....???
Slow, steady climb all day long...with a few little dips of course..IMO
REG SHO LIST: DAY 12....
CSHD(NASDAQ Bulletin Board)
Start End NumDays
20060808 20060823 12 2.93%
http://www.regsholist.com/
Rule 203(b)(3) requires a participant of a registered clearing agency (e.g., generally clearing brokers) to close out any fail-to-deliver position in a threshold security (whether caused by a long or short sale) that has remained for 13 consecutive settlement days, namely by purchasing securities of like kind and quantity. In order to be deemed to have met such close-out requirements, the participant must not know or have reason to know that the counterparty from whom the participant purchases securities will not deliver the securities, i.e., a participant may not enter into an arrangement with a counterparty to evade the rule by simply transferring the fail in the CNS System -Rule 203(b)(3)(v).
Josh, that's my guess as well and what we saw with the last PR of a bond... GL
Semi, that's too funny... Don't forget....
havenotajob
havenotagirl
havenotaclue
This is a fun way to pass the time.... ROFL
GLTY
That, or he didn't hide his feelings when it came to certain bashers.....
Tomorrow, we will really start to see the effect of the short squeeze. Today's 8k with the new $1 BILLION bond and the 12th day on the SHO list will cause a panic among shorts... For some people, it has finally started to sink in that we are in the midst of something special... I'm definitely holding my shares for big bucks!!!!! IMO
Anyone think the current reset will go up based upon the new bond?? The Lehman Bros. bond of half the amount increased the reset by more than $10.
rygnn, you can't spoil our party!!!eom
Ladey, that's what I'm talking about!! Don't forget the 3B that may be added soon.. 5/29/06 PR....
IS THIS ANOTHER BOND???? GO CSHD!!!!! eom
Rich, I don't think we'll ever see the s/p go to 3 or 5. Maybe $30 or $50, but not 3 or 5... after the 10K and reset, we're on our way... IMO
schade, misinformation?? The law firm that maintains the site doesn't think so!! I would tend to believe them since they are the experts in securites law (and well... you are a basher on a message board). ROFL.....
blue, thanks for reposting with the magic language in bold.. I was simply reposting someone else's DD... I did contact the attorney (Ms. Anthony) yesterday by email who confirmed what is posted in their site. GLTY
Reverse mergers & setting share price as explained by law firm, Legal & Compliance, LLC, a multifaceted corporate and securities law firm:
http://www.legalandcompliance.com/reversemergers.html
"Reverse Mergers:
Tax Implications & Initial Share Price
Almost all Reverse Mergers take advantage of the tax free, stock-for-stock reorganization provision of the Internal Revenue code. Capital gains tax is paid when the individual shareholder sells the stock in the public stock market (usually after the minimum one year holding period for control persons). That is, the shareholders of the newly merged company do not recognize a capital gain until after they sell the stock, even though the stock may have a much greater value after the merger is complete. The timing of the stock sales can be determined by each individual investor to suit their investment or tax consequences.
Once a Reverse Merger is completed, a broker/dealer must decide to make a public market in the stock. The market makers, in conjunction with the company, can determine the initial price for the stock. Perceived value, track record and potential growth of the company usually have more to do with initial pricing than earnings multiples and current book values. Competent investor relations and supportive market makers as well as management's ability to relate the company's potential to investors are of key importance. Ultimately, the public market acceptance of the company will determine the market price for the stock."
Smoke, do you have a link for us?? TIA
Moving on up....eom
Any idea as to whether 8K is due today on the new bond?? TIA
It was my understanding in talking to ATrade, that if you have a cash account, your shares cannot be borrowed against - and no reason to request certs. or put in your name, etc. Anyone else receive a different answer?? TIA
Thanks analog.. for the very informative post.. I'm definitely holding my shares as I believe that CSHD is the real deal and the fireworks haven't even started. GLTY
Just spoke to John Walsh, Executive Vice President Administrations, CSHD
Cell Phone: 678-255-7653
FWIW:
Mr. Walsh seemed very nice but said that he really wasn't the person to call for an update since he was in administration. When I told him I was just calling for an update, he replied, "as far as I know, everything is tracking along just fine."
He suggested calling Mr. Harris or Mr. Stanley for more info.
(I had already left a voicemail message for both a few minutes earlier).
TallRob, I've had the same thought... I even told my wife I wanted to do that... If this stock comes through, I may just have to give it a try. It would be a great book!! In that event, I'd love to bounce some ideas off of you... coauthor?
jakuta, go back to the xkem board where you were a paid basher as well!!!
Your presence here only confirms my belief in Rufus and CSHD!!
OT: negger, btw, did you get out of IVFH.. I did, but lost a little in the process.. just checked in today and things were not looking good... I haven't been following it though, so maybe things will turn around.. GLTY
I agree negger and think that we will see something regarding the O/S, float, etc. If you recall, Rufus and the atty. mentioned that they were working on something during the last interview.. JMO
TallRob, I think you're exactly right to the tune of $3 Billion.... They even mentioned it in their PR of 5/29/06:
5/29/06 Conversion Solutions announces Funds Management Agreement with Emiro Holdings Corporation.
KENNESAW, Ga., May 29, 2006/ -- Conversion Solutions, Inc. (OTC: CVSU) announces that during the SB-2 filing process the following current events have taken place.
CVSU would like to announce the signing of a Joint Venture and Funds Management agreement with Emiro Holdings Corporation, a Canadian Corporation. This agreement brings the ability and use of credit derivatives such as a credit default swap or total return swap allowing the corporation to tender its assets for securitization.
Emiro Holdings Corporation will manage all European Funds for CVSU and facilitate the relationships that CVSU will need for large market debentures. The term of this Agreement shall be five (5) years, with mutually agreeable renewals up to another five (5) years.
Under the contract CVSU will receive $20,000,000 in initial capital.
“We have also received an offer for an additional 3 billion in Global and Euro Bonds from the Caracas Group and the Board is currently making the necessary arrangement for receipt and securitization.” stated CEO Rufus Paul Harris
Great post, bluediamonds!! Thanks for passing it on!!eom
thehavenots, why would you keep posting this???
It's the dumbest post I've ever read: I have probable cause to believe... but I don't know why.... SEC may halt.... don't know why.... it's been verified no 10K this week, but I won't say how.....I've sold my shares... I may buy back in..... sorry for the confusion.... I'm not a basher...... You're FOS!!!
IMO, you're worse than a basher - at least bashers have a clear agenda....