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Bohogirl, disagree completely
with your assessment of "our-streets" DD efforts and capabilities. The fact is, without the info in the upcoming filings, ANYONE can post questions about this reverse merger. For a minute, lets forget about timothy miles' dubious past. For months he has misled investors on this board. He states that he has 20 years experience as a broker and is a professional due diligence expert. Given this experience it may be that he has understood all along how one or more bonds can be assigned and then hypothecated in order to build a balance sheet. If he did not know this initially, he could have easily found out. But no, instead he chose to mislead people again and again and again. Lets be honest, the facts today are that Timothy Miles has YET to uncover a single fact that suggests that this reverse merger and pps reset will not go forward exactly as RPH has stated. If he had, the pps would be close to where it started. Miles claims that he has no investment in the stock, no one is paying him to be here etc etc. Its my sincerely held opinion that Miles needs professional help -
Our-Street, you have zero credibility
and the increasingly desperate tone of your posts says it all. We only want one thing from you: when and if you ever decide to return to the U.S., post your arrival time/date and location on this board so that all the investors who have lost money due to your nefarious activities can serve their complaints.
The Company is not spamming the stock
and its just as likely that investors can read the earlier posts and learn that this is probably going back to pennies soon - .003 was ridiculous anyway
Newsflash: Elvis sighted in Kennesaw GA
wearing a T-shirt that said "The South Will Rise Again"
Stop Harassing and Calling the SEC!!!!!
What the h___ is wrong with some of you? BlueSky, the board moderator, calls this "Will" and gets the true story, which he posts on this board. We now know that Kewlman lied. Why call this poor guy over and over?? For everyone's sake, STOP WITH THE "LETS CALL THE SEC" NONSENSE. THERE IS NOTHING BEING PROPOSED HERE THAT CONTRAVENES ANY SEC RULE!!!, despite what that mental midget "our-street" says -
Kewlman you should be banned now imo
You sold your shares, then proceeded to post that you had talked to "Will" at the SEC who told you CSHD was under investigation. You've lied to everyone, probably for the purpose of buying your shares back at a lower price. I would ban you in a nanosecond and I hope BlueSky does immediately. By the way, you're a moron for asking the SEC if the pps could be reset without a reverse merger. Thats not whats happening here -
post 50787 sums it up best imo eom
PennyStockTrader
thank you for a GREAT post on valuation. Do you have any experience with reverse mergers and if so, do you see any problem with a pps reset with the 10K?
timothy miles theme song:
Dirty Deeds Done Dirt Cheap" by AC/DC
Exactly, its BS like "our-street" eom
All this BS over the SEC is just that: BS
they have securitization or assignment deals that allow them to use the bonds as assets. They're gonna reset based on a multiple of new book value. And guess what: THERE'S ABSOLUTELY NOTHING WRONG WITH THAT!!!! Who is this moron, kewlman, who called the SEC to ask if the pps could be reset without a reverse merger?
Here is where that mental midget "our-street"
has (deliberately) misled everyone. The guy is a former broker, and probably knows how CSHD could enter into agreements to be assigned the bonds. BUT, rather than writing this, and contributing to an understanding of the issue, he chooses to ignore and/or falsify the whole bond issue. Stocklemon, likewise. If "our-street" really is ignorant of debt financing matters he should not be posting about the stock -
STB, if CSHD has got funding deals
in which they were assigned the bonds, for accounting/valuation/borrowing purposes the bonds are theirs. Now, no one yet knows what consideration CSHD gave to get use of the bonds, but I think there's little doubt that they plan to, and will be allowed to use a book value multiple for the reset.
You're not entirely correct, STB
I know I "signed off" of this board until the 10K, but just got in and saw your post. I noticed RPH' use of 2x book value myself, and wondered if he was dead wrong myself, as p/e multiples are normally used in stock valuation. BUT, there are other ways of valuing a company which include book value multiples. See the link below for a summary. Its my belief that CSHD is going to reset based upon a NEW book value multiple, which is in turn based upon the new balance sheet assets.
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/lectures/multintr.htm
Signing off until after the 10K $$$$ GLTA
I've spent enough time here to know whats going on and wish everyone well except "neom2006" and "our-street". No excuse for those boys -
Actually mine is 136
and I have the records to prove it. You just don't get it, do you? CSHD has agreements to fund and spin off 13-15 new companies. AISS is just one of them. CSHD is an asset holding/management company that is going to grow a bunch of companies and JVs from scratch. There is nothing more exciting than that. By the way, doing an IPO for each of these new companies would take forever and likely be impossible. CSHD is doing some really innovative funding here - we will not know the details until the 10K but its coming -
Whats the current board IQ - about 75?
CSHD has obtained lines of credit using its assigned bonds as collateral. The purpose of getting millions of $$ in credit is because they are funding AISS and about 14 other companies which will eventually be spun off to shareholders. Anyone not understand that now?
For all who don't recall neom2006
from late July when he was banned here is just one of his ridiculous posts:
Posted by: neom2006
In reply to: sceptor who wrote msg# 20008
Date:7/28/2006 12:09:09 PM
Post #of 48616
I hope you take it, I believe you will be lucky to get pennies out of the pony salesman. Good luck!!
Neom2006
your posts make no sense whatsoever and that is of course why no one responds to you. Plus the fact that everything you have predicted so far has been wrong. Sell your shares on Monday and do us all favor by never coming back until you grow up.
Neom2006 lets get the record straight todate
I don't like replying to you because of your 340+ bashing posts before you were banned. Many of these posts insisted that a 10K would never be filed. So far, everything that you said would not happen has happened. Given that fact, I don't know where you get off challenging someone like tallrob over and over over trivia. To the best of my knowledge right now, there is NO good DD which indicates anything other than the proper filings and pps reset. So, no one on this board knows what you are referring to when you talk about longs ignoring DD. No one is ignoring anything.
Thanksfor clarification, rick85284
not an attorney here but have to believe that CSHD would be liable to stockholders for any failure to file the 10K and reset pps as previously stated. Agree?
SarBox compliance
"private firms that may be the target of an acquisition or merger by a public firm will also fall under SarbOx scrutiny ensuring compliance of the final entity." Looks like CSHD is included.
"Officers and Directors:
CEOs and CFOs of public companies are required to personally certify the accuracy of various financial reports, with significant criminal penalties for false certifications (up to 10 years in prison for "knowing" violations; up to 20 years if "willful"). While the penalties sound significant, the government's difficulty in enforcing this provision will likely come in proving that a corporate officer's inaccurate certification was done at least "knowingly," as opposed to negligently or even recklessly.
In addition, if a public company makes a "required" accounting restatement due to "misconduct," that company's CEO and CFO can be forced to forfeit any bonuses or profits gained from selling company stock for a one-year period. But the lack of definitions for the terms "required" and "misconduct," other potential loopholes, and the SEC's power to grant exemptions could combine to dilute the strength of this provision.
The new law makes it somewhat easier for the government to prohibit officers and directors who have committed securities law violations from ever again serving in those positions. However, that potential sanction was at least theoretically available even before passage of Sarbanes-Oxley.
Disclosure Requirements:
A number of provisions add to or strengthen disclosure requirements placed on public companies. All material off-balance sheet transactions or special purpose entities must be disclosed in annual and quarterly financial reports. If a company uses pro forma numbers in its financial reports or press releases, it must also show what the financial results would be using generally accepted accounting principles.
Legal insider trading by company officers or directors must be reported much sooner, within two business days. Other material changes to a company's financial condition must be reported on a "rapid and current basis." Even the presence or absence of a company ethics code for its senior financial officers, or any waiver of that code, must be disclosed.
Criminal Penalties:
In theory, the crime and punishment section appears to be one of the law's tougher provisions. It creates new or broader federal crimes for obstruction of justice and securities fraud, with maximum prison time of 20 or 25 years, respectively. Sentences for many existing federal crimes were enhanced. Mail and wire fraud maximum penalties were quadrupled, from 5 to 20 years. The maximum sentence for some securities law violations was doubled from 10 to 20 years, and the maximum fine against a company for the same offense was increased from $2.5 million to $25 million.
Furthermore, the U.S. Sentencing Commission, which sets guidelines that federal judges must use in deciding a particular defendant's actual sentence, is instructed to consider revising its guidelines to ensure longer sentences for securities, pension, and accounting fraud, especially for officers and directors of public companies. The Sentencing Commission has already adopted a temporary plan to respond to Congress' directive, with many actual sentences likely to increase by at least 25 percent. However, the Justice Department has objected to the temporary guidelines, saying they do not adequately enhance the sentences in smaller-scale fraud cases. [9]
In practice, the strength of the criminal penalties portion of Sarbanes-Oxley will depend on the government's success in prosecuting specific individuals. The statute's harsher penalties, of course, cannot be used for any crimes that occurred before the new law was passed. If corporate officers considered to be the prime culprits in the scandals of the past year ultimately serve little or no prison time, the deterrence effect of the tough penalties may prove to be minimal."
Consider this about Timothy Miles
we now know that in all probability CSHD's three funding arrangements including assigning all rights for the bonds to CSHD, while the consideration for doing so will be disclosed in the 10K. Miles was formerly a broker and claims to have experience/expertise in financial due-diligence, although this has yet to be demonstrated here. There are only two scenarios here: (A)either Timothy Miles UNDERSTOOD how CSHD could have been assigned bond rights and DELIBERATELY DID NOT DISCLOSE IT HERE OR ON HIS WEBSITE IN THE PAST WEEKS or (B)Timothy Miles is clueless about debt financing and therefore IS NOT QUALIFIED TO DISCUSS THE FINANCIAL DETAILS OF THIS REVERSE MERGER. Anyone have any thoughts as to whether it is A or B?
What's so hard to understand about this deal?
CSHD arranges for several bondholders to assign their bonds to CSHD for some consideration (perhaps stock). CSHD can then use the bonds as balance sheet assets. CSHD then goes out and hypothecates (obtains lines of credit) using the bonds as collateral. This is innovative and quick funding!!! Because the book value of CSHD has dramatically risen with the 3 global funding deals, the new entity has a book value of $7 or $10 rather than $1 or so. Final question: if CSHD now has a book of $7 or $10, why is the current pps $1?. Answer: this is a rare instance of a tiny private company going public AND AT THE SAME TIME increasing its book value by 20 or 30 times. Doesn't happen very often and will be looked on with skepticism until the filings are seen and digested. Based on developments I have almost no doubt that the filings/pps reset will occur and we will see an opening pps of between $7 and $20.
Rufus and Ben have nearly got it done
and I think its great. I don't think there is any way the 10K and pps reset does not get done very soon. I also think this will be one for the history books. GLTA
Thanks for link, thehavenots eom
jannie
timothy miles is in slovenia but I agree with your thrust
rick85284
well, I think what they're doing is getting the bonds assigned to CSHD (debt assignment) in exchange for some consideration. Then, the bond hypothecation means they then use the bond as collateral to obtain loans.
Slayton, its gotta be a debt assignment
the bonds are of course debt instruments
Debt Assignment: A transfer of debt from a creditor to a third party.
Notes:
In a debt assignment, a creditor assigns the debt that is owed and all rights associated with it to a third party. This may occur at a personal or corporate level, and the debtor should remain unaffected unless new terms are agreed upon.
Slayton
we don't know what consideration CSHD has agreed to give each of the funding groups in exchange for use of the bond. No bond or debt specialist has emerged on this board to tell us how CSHD can carry the bond on their balance sheet as an asset when they do not own it or exactly how bond hypothecation works. I personally
suspect that some of the "our-street" and "stocklemon" criticism is there simply because the authors don't understand debt financing or asset-based financing well enough. Of course, that does not excuse defamation of CSHD or RPH.
rbtree
yeah you're right on about the personal assurances and RPH's message board rants about timothy miles. Very unusual for a CEO. I don't know if you happened to see RPH IHUB post to "our-street" this past Tuesday. It went along the lines of "another nail in your B.S. coffin, street". But most public company CEO's are salesmen, witness Dr.Z's television ads for Daimler-Chrysler cars as an example. But the funding (bond hypothecation) is really innovative and these days getting funded is half the battle in start-ups. Now if they only get quality managers to run the subs and the JV's they will be successful. Actually, the fact that RPH is so aggressive is a plus I think -
And an innovative funding method it is
sure beats getting venture capital or selling stock to accredited investors, both of which are very time-consuming. Vulture capitalists would want to run the company or own most of it, while selling stock to the public would take a year or more. This way, they deal only with one entity - the bondholder - and apparently are able to borrow (hypothecate) the bond fairly easily. I wonder how the loans are secured, any financial gurus out there?
Where is bones1420?
doghouse, jail, banned for life, purgatory or fate unknown?
WOW,CSHD confounds its doubters eom
OT:tomorrow last day for LBTN dividend eom
lindy1401
the safest answer is that no one really knows. RPH has not been heard from since Paltalk last week. "Chevyrider" posted today that he spoke with Ben Stanley today and was told everything is moving along OK as planned. Meanwhile, the bashers are in full stride and the pps closed at .59 because there has been no 10K and no news
Chevyrider
Ben Stanley told you today that all was ongoing with this deal?
Anyone got the CSHD paltalk room info? eom
bud750, whats the paltalk plan for 8PM?
traders corner live?
StreetInvestor101
yes, got your pm's but right now I'm on free service and cannot pm you back. Talk at you after the paltalk thing tonight