Anyone know the OS for this company? Are financials posted anywhere? I didn't find much on the EdgeTech website.

Has anyone tried their device? I'm interested in buying a product like that, but the reviews I've read for the PocketSurfer haven't been all that great.

No Known Reserves -- Don't Believe the Hype

Despite what other posters say, the company does not have any "proven" reserves. From the most recent 10Q:
"The Company is an exploration stage company and does not currently have any known reserves and cannot be expected to have reserves unless and until a feasibility study is completed for the Sierra Mojada concessions that shows proven and probable reserves."
and
"The Company’s plan of operation for the next 12 months is to continue work on the feasibility study to determine whether a mining operation may be profitably conducted on the Company's concessions."

If the feasibility turns out positive, then they will need to raise alot of money (and there will be alot of dilution):
"The Company estimates that completion of a feasibility study will cost an additional $3.3 million and the Company expects that it will take an additional 12 to 18 months to complete. Following the completion of a successful feasibility study, the Company would then proceed to the construction phase, which would entail construction of a mine and related infrastructure pursuant to a Mine Plan developed specifically for the Company's concessions, and construction of an Extraction and Reduction plant to extract metal from the ore that would be mi
ned. The Company estimates that construction of a Mine (based on the Mine Plan) and Extraction and Reduction plant would cost approximately $400 million and take approximately 2 to 3 years to complete after completion of the feasibility study, assuming sufficient funding is available. The Company intends to finance construction costs with a combination of equity and debt. In addition the Company may seek joint venture partners or other alternative financing sources as necessary to complete development of the project."

I think the fact that they did a private placement in March, 2006 at only $0.80/share is the best indicator of what the stock is worth, given the risks.

Its certainly true that no matter what happens the pumpers will keep saying its a buy. By telling lies about a stock, essentially what they are doing is stealing money from the naive.

Stupidest PR Ever

That PR is so stupid its hard to know where to begin. For one thing, Ameritrade does not allow shorting of BB stocks. And Ameritrade is to be commended for its restrictions on buying CSHD, since anyone with half a brain can see that eventually the SEC will get around to halting this stock.

Most amazing is how Rufus claims assets keep flowing into the company with no offsetting debt or shares issued. Apparently he knows alot of people who just give away money.

Does anyone on this board actually believe this stuff, or is everyone just a pumper?

great quote, lol. Rufus will be remembered for a long time, what a character

Rufus' original story:

(1) 10k
(2) Halt
(3) Symbol change, reopen
(4) Price "set" to $15

Instead what happened is:
(1) No 10K
(2) No halt
(3) Symbol change, reopen
(4) Price not "set" to $15, instead trades at $1.10

So are there still believers here????

Can someone give me a quote on CSHD?

My quotes show ~$1.10, but I know it must be wrong since Rufus promised $15!!!

IGAI was trading below a penny and gapped up above a penny, those sub-penny stocks have some pretty big moves. And it has a market cap of only $448k, FHAL has a market cap of over $120M, its an entirely different animal

so what is it in his report that is untrue?

If companies could set the price for their stock when they do a merger or symbol, companies would merge/change symbols every week.

Lol, right so you could care less what FHAL is worth, you just wanna pump it

Ticker changes happen all the time. What never happens is a stock skyrocketing up 1000% or more just because of a ticker change.

lol

Miles may have had a run in with the SEC in 2000, but during the time he ran Our Street he did excellent DD.

A scammy company suing him doesn't prove a thing.

Unfortunately, everyone criticizes Miles, but no one seems to be able to criticize his report on FHAL...

In an IPO, "setting" the price means millions of shares get bought outside the market at that price. That is not happening with FHAL. So comparing FHAL to an IPO is silly.
And even with an IPO, once it starts trading, the market determines the price.

It has been a good trader. When it unravels, Rufus and company will blame the bashers and shorts, trying to cover up to the end that it was all about insiders selling shares.

"OK mingus why does anyone care where we shareholders put our money? What are the reasons for the days spent here by people that do not have a dime invested in FHAL? Come on nobody spends this kind of time for nothing. I was born at night , but it was not last night..They come in shifts too.."
Some people are short, some people hate to see a crime being committed and money being stolen.

People on message boards often "talk their position" and you have to be smart enough pick out the facts and intelligent analysis from all the chaff. You need to carefully evaluate what the "bashers" are saying. The story behind this stock is ridiculous...

"wrong, IPOs are set all the time, This is handled in a similar manner."

Just one problem, it's not an IPO. And even on an IPO when you set the price, what does that mean? It means some shares get sold essentially in a private placement at a price set by the company and underwriter ahead of public trading. Then when trading starts, the market determines the price. The price it trades at on the market is never "set" by anyone.

Note that with an IPO, you have people willing to pay a certain price before the stock starts trading. Right now the price people are willing to pay for FHAL pre-symbol change is only a buck and or so.

right, its crazy to think the market would know about the merger and not price it into the stock.

Alot people on this board are just pumping and could care less about the fundamentals of the situation. It just that the story behind this stock is sooooo stupid...

Go look at the DD Our-Street has done in the past and see where those stocks trade now...

So can you point to anything untrue in the Our-Street report?

Stocklemon and Our-Street have done some great DD on this stock. People keep bashing them, but no one seems to be able to point out where anything they posted is untrue.

Read very carefully what these sites have posted about FHAL. Both sites have excellent track records.

Rufus cannot set the price to $15

"Correct me if I am wrong, but it was my understanding that the price change although associated with the merger was not done under the umbrella of the merger itself, but rather in the process of a reorganization, which does allow for a stock to be revalued. If this were the case then the stock could be reset based upon the book value of the reorganized company."

First of all, a stock never gets "reset", at least not by the company. The MARKET always determines the price of a stock. Rufus cannot "set" the price of the stock.

In the case of a merger, the stock of the merged companies ALWAYS reflect the post-merger value immediately upon the announcement of the merger. Think about a buy out, where say a company XYZ is trading at $10, and then there is an announcement that the company will be bought for $15/share. The stock doesn't trade at $10 until the day the takeover is final. The market anticipates the buy out and the stock immediately shoots up to a price close to $15. It may trade a little below $15 to reflect the risk that the buyout may get called off. If FHAL was really worth $15, it would be trading real close to that price right now, in anticipation of the completion of the merger.


"With this in mind, it has been my understanding so far that the reverse merger was entered into in an attempt to achieve a quick and painless OTCBB and eventually NASDAQ listing. "

The CVSU shareholders gave away over half of their company in doing the merger with FHAL. Which is crazy, unless CVSU isn't worth much. Companies can typically pay under $1M for a BB shell company.


"The company in this process is also, to my understanding, being reorganized resulting in the new stock price that we are all waiting to see."
The only way a reorg results in a higher stock price is if their is a reverse split. But in that case, while the stock price may go up, shareholders have their shares reduced and don't make any money off of the split.

It looks like it was a pumping frenzy in here over the weekend. Early on in this saga there seemed to be honest longs in here trying to get handle on the company. Now the remaining longs seem to be almost all pumpers who could care less about the fundamentals of the company.

Nice work on the bonds. Rufus did say that the bonds had been converted to cash, yet another major disconnect between the world according to Rufus and reality.

lol, amazing how a story like that doesn't matter to most people. At this point they are so dug in on this stock that nothing can change their minds. And even when the stock returns to $.10, they'll blame shorts, mm's, and bashers for bringing down their fine company and a fine man like Rufus.

otoh, how many people here really believe in this company, and how many are just pumpers telling lies?

Harris' South Carolina "Adventure":

http://our-street.com/fhal/grenelefe.htm

Not sure if this has been posted in here. In any case, so many posts people may have missed it.

Some people have made some pretty amazing profits, including yourself. Lets compare notes when this is all over, it'll be interesting to hear how you make out on your last chunk of shares.

They could do all that by buying a shell for several hundred thousand, they didn't need to give away most of their company.

http://www.venturea.com/shell.htm

Unless they thought getting a shell in return for most of the company was a good deal...

Nice post, you really add alot of value to the discussion

That doesn't make sense. Why would they give away most of the company and then spend millions of dollars buying it back?

As you know, what CVSU claims to have is really a collection of start ups. Most start ups don't make it. Rufus saying that 90-95% will be successful is yet another statement that makes me doubts his honesty. I looked quickly at GAS, its looks very small but somewhat real, I don't know about the rest of them. Most or all will never amount to anything.

With respect to my comment about CVSU giving away over half of the company, I am very serious in saying I use that to value the company. People just don't give away anything of value.

Congrats on your profit! I guess if you've taken most of your money off the table, its not too crazy to leave some out there. But I really don't think this company is worth much and don't trust its management, so if you hold long term I think your throwing your money away.

I've looked at this company alot and there are so many things that don't make sense. If the 10K shows $800M in assets, then I'll have doubts that the auditor did their job.

I recall a BB company (I'd have to look up the symbol)that showed huge assets in its filings, but it turned out to be a payout from a lawsuit that could never be collected, the person they needed to collect from had no assets and was in jail. Yet, the auditor let it show up on the balance sheet.

CVSU actions speak louder than their words. They gave away over half of the company to do the reverse merger. That makes absolutely no sense, unless the company isn't worth much.

At this point, there is an 8K describing CVSU, and that 8K claims CVSU has a book value of $800M. However, there is so much about this deal that doesn't make sense. Therefore, the market is pricing FHAL/CVSU combined as being worth ~$1.00.

I agree, I like having conversations and have distain for name callers

If this was an IPO at $15, then you would have investors willing to pay $15 a share for 10 or 20 or 50 million shares prior to the start of trading. YOU ARE NOT DOING THAT!

And even with an IPO, the opening trade can be at any price, the market determines the price. The price an IPO is "set" at applies only to shares sold in a transaction outside of the market.

"They are going to set the price at $15, but the first trade could be at $.20."

What the heck do you mean they "set" the price? What does that mean? They verbally tell investors the stock is worth $15?

"He merged, set the price of the new company at $15 and opened the stock under a different ticker. "
All has done is announce a merger, he hasn't done anything else.

"The CEO said that he will prove to the SEC and the rest of the world that the book value of this stock is worth that."
Companys will trade well below alleged book value if the market has doubts about the quality of the assets or the quality of the company. If the market really believed CVSU had $7.21 in book value, the stock would be trading alot higher than $1.00

I didn't say it opens at 0.01. I said the market ALWAYS determines the price, from the very first trade

Ummm, you can believe everything you read on a message board. You need to apply common sense and do you own DD. That post is ridiculous.

I'm very familiar with SEC regulations and there is no such thing. NO ONE evers sets the price, even in the case of an IPO, the market always determines the price. Please give us a link to this fictitious SEC regulation you site.

Why Rufus CANNOT Set the Price to $15
Everyone is in this stock because Rufus claims he will set the price of the stock to $15, yet no one really understands how this can happen and no one can name an example where this ever happened. Let's logically examine some of Rufus' claims:

(1) Claim #1 -- Rufus will set the price to $15 in a manner similar to an IPO:
Just one problem, it's not an IPO! And even on an IPO when you set the price, what does that mean? It means some shares get sold essentially in a private placement at a price set by the company ahead of public trading. Then when trading starts, the market determines the price. The price it trades at on the market is never "set" by anyone.

Note that with an IPO, you have people willing to pay a certain price before the stock starts trading. Right now the price people are willing to pay for FHAL pre-symbol change is only a buck and or so.

(2) Claim #2: The situation is similar to a company like USAir coming out of bankruptcy, where one day the stock is trading at, for example, $1.00, and the next day there is a symbol change and the stock trades at $20:
In those situations there is a huge reduction in the OS, similar to a reverse split (what actually happens is most of the company gets transferred from shareholders to debtholders). So if you owned 20 shares at $1.00, post-symbol change you would own 1 share at $20. You did not make $19/share, you broke even, your postion size remains $20.

(3) When the merger becomes effective, the price of the stock will shoot up to reflect the value of the newly merged company:
Think about a buy out, where say a company XYZ is trading at $10, and then there is an announcement that the company will be bought for $15/share. The stock doesn't trade at $10 until the day the takeover is final. The market anticipates the buy out and the stock immediately shoots up to a price close to $15. It may trade a little below $15 to reflect the risk that the buyout may get called off. If FHAL was really worth $15, it would be trading real close to the price right now, in anticipation of the completion of the merger.

If you stop to think through the situation, none of it makes sense. Rufus will not be able to "set" the price to $15, and I I believe he is breaking securities laws by telling investors that he can.

Please point out the lies...