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I'm not sure you should be giving investment advice.
Not a share.
I was going to buy, but the more DD I did the more I was scared off of it.
Now I just watch in horror and fascination.
why in god's name would you want your certs? besides paying for them, it'll be more difficult to sell your stock once they aren't in street name.
abbytraderwin, where's the green?
If you have 1000 in your us account, you don't meet nyse margin minimums.
If you own 1000 GOOG, with no debit, your BP for marginable securities would be 373k. For non marginable securities, your BP would be 186,500. You would in effect be using GOOG's margin power to buy a penny. Happens all the time. Ask your broker.
But if a stsock is running up you have all the johnny-come-latelys plus the shorts who have to cover. Should be just as easy to run a price up as down.
plus, if you have marginable securities, you can use 1/2 the buy power they generate to buy non-marginables. Ask your broker.
nonsense----8k's are not audited or reviewed. until after the SEC opens an investigation.
The problem is you are assuming that he actually has these bonds.
Interesting conjecture.
Please explain why.
I'll ask myself "why does this alleged 'multi-billion dollar company' have a market cap of 67 million dollars?"
I'll also ask myself "why does someone think that if they actually do have billions under management that that goes to shareholders equity, when banks and other financial institutions have offsetting liabilities for such deposits?"
I think those are the best questions.
which multi-billion dollar company are they executives with? And if you say "Conversion Solutions Holdings Corp", I'll be forced to laugh my ass off.
OF course they are. And they are publicly traded. So the question is how the "Foundation" convinced all of the owners to donate them, so that the foundation could pay a usuriously high 50% for asset mgmt services.
What was the outcome of that 8k that claimed the entire bond issue of a sovereign nation was given to Conversion?
Out of curiousity, what did you expect him to say?
"this is a scam, get out now"? He works for the company. He's going to say that all systems are go.
Or better yet....
Find a real stock, with a real operating business that actually files its SEC reports and doesn't pay websites to send out spam on it. You might actually make some money.
"To feature your publicly traded company in our alerts, email us at info@otc-advisors.com"
Sounds fairly tough to get on their list.
You'd think they'd know the difference between "it's" and "its"....
I found this in Sunday's NY Post-here is the link, for you too lazy to find it yourselves
.http://www.nypost.com/business/murder_bros__back_business_tim_arango.htm
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.
or people are tired of empty promises with pie-in-the-sky?
I took a long look, and have multitudinous questions, which no one wants asked. Better to ignore the warning signs.
The market actually has looked at the filing and priced the stock accordingly.
I don't.
If he thinks I'm a basher, that his blinders are getting in the way of his rose-colored glasses.
Where did a brand new foundation, with no history, get several billion USD in bonds, which they then give to a company with no track record to manage? and why a 50%fee? even SAC doesn't charge that much....
or where they got their billions.
okay that explains 500 million in equity, although it doesn't explain where the first 500 million came from. Kind of like Genesis ("in the beginning God created 1/2 billion, and saw that it was good")
And the remaining 1.8 billion? Isn't that offset with 1.8 bilion in liabilities, as CSHD doesn't own it outright?
Sure, let's examine an S&L's balance sheet, shall we?
http://www.snl.com/irweblinkx/reports.aspx?keyreport=-1&iid=101432
See how they have over 8 billion in assets? See then how they have 7 1/2 billion in liabilities, because those assets belong to their depositors?
See then how their 8 billion in assets translates into only 514 million in equity?
Yet CSHD takes 2.3 billion in deposits and it goes straight to equity?
Yes I'm clueless because I can read a balance sheet and no one here can yet explain how these bonds go straight to shareholders' equity. Good luck in your investing!
WHo shouldn't?
Those who find fault in the 8k.
It just doesn't make any sense. I question how "assets under management" become "shareholders' equity", and no one can come up with a good answer.
What is good about flawed logic?
You do not wish to argue because your understanding is faulty.
Again, if you gave me management of your assets, would they be mine? of course not. Hence, these assets do not belong to Conversion if they are only managing it.
One also has to question whether the "Foundation" is operating under the "prudent man" rule if they are paying 50% for asset management.
Then in that case, they haven't got 2.3 billion in assets, have they?
They don't have any assets at all until they make a profit on managing these alleged assets. And why would anyone pay 50% for asset mgmt? Hell, hedge funds only charge 1 and 20.
What's called asset mgmt?
When you hire an asset manager, he doesn't get 50% of your assets.
If you are speaking about the balance sheet, when you hire an asset manager, he's not able to add you assets to his and claim his net worth has increased by the amount of your assets. All he can claim is that his "assets under management" has risen.
Please explain your seeming non sequitur a bit more.
Blue, ought not there to be liabilities to offset those assets? Or were they just given outright to Conversion?
Or perhaps the 'foundation' received several hundred million shares?
Josh,
Maybe people thought the same thing I did....what does the "foundation" recieve for giving up 50% interest in the bond?
Answer that question and we may have an answer as to the stock price movement today.
I'm looking at $814.50. This company is worth almost as much as Berkshire.
Billions in assets, with no corresponding liabilities? BRILLIANT!
I hope so for your sake, young man. I hope you don't have your IRA or your children's college funds in the stock. Because ain't nothing audited yet. And their is some funny language in that 8K.
what does the foundation get for giving up 50% of their interest in the bond?
what's your return? 200%?
Dude, that's the problem.
I've been to the website.
I've not been able to find any operating businesses.
It's why their last filing had "0" revenue.
Does anybody have a link to that 8k? I cannot find it on EDGAR.
What's in it for the foundation? They're just giving 50% of the bond away? For free?
A combined markeet share? In what market? we've yet to discover any actual operating companies, or have I missed something?
Please share your DD which leads you to this conclusion?
You have familiarity with resets of the kind Paul Harris claims he can do with the stock?
Or billions in assets being given to companies?