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CXN is now ZTM, now a 1.16 down from around $5. That's a decline of ~75%.
HQNT is .02, down from over a dollar, a decline of over 98%.
SCOREBOARD
Our-Street 2
OTC TRASH 0
Just because you can't short at schwab doesn't mean that it can't be done. Also, Wall Street firms lend out their shares to other firms--for interest, of course.
Congrats on the big gain. I should be the one asking for advice.
I think TNEN will drop severely at some point, but I have no idea when that will be.
Just curious, what prompted you to buy shares in this company?
Some crosses now. Big volume. The handwriting is on the wall.
Semi,
This is the calculation all longs here have made, though probably not with as much thought or detail. However, you and everyone else are making a fatal mistake. You are assuming that the probabilities of each outcome are analogous to poker. They are not. In poker, each hand is independent. With stocks, prior results do matter. And what we do know of Rufus and Ben is not favorable. The key datapoint is BBAN. If they had an otherwise clean track record of success, or even no track record, that would be better than we do know about them. The same logic can be applied to these other factors:
1. The otc is lightly regulated and rife with stock promotion.
2. Reverse mergers rarely produce companies of any substance. Sometimes the stocks go up temporarily but the vast majority are failures for public shareholders. (Btw, the rumor that Microsoft was a reverse merger is not true)
3. The halt and reset seems like a great deal. Why isn't everyone doing it?
4. Public company CEO's do not usually interface with the public in chat rooms and message boards. Rufus' activity there is not a positive indicator for future stock performance.
5. Stocks that draw the attention of Stock Lemon and/or Our Street tend to dramatically underperform and often face regulatory action.
6. CSHD has a very large short position. All academic research on this subject indicates that in general, stocks with high short interest tend to underperform.
7. Rufus is claiming CSHD has book value of a billion dollars, not that they have access to a billion dollars, or a credit line of a billion dollars. He's saying that assets less liabilities--book value--is a billion dollars. That is a freakishly large sum of money. There is no logical explanation for how they could have created this much equity in less than a year.
I could go on and on but the conclusion is clear. Your probabilities have to take into account all of these factors. If you did, you would find that the probabilities of outcomes 2 and 3 and infinitesimal and are dwarfed by the probability of outcome 1. The expected value here is much much lower than the current stock price.
My, that's a clever retort. Didn't you learn anything besides the ad hominem in pumper school?
No, it doesn't. Just as Rufus' past with BBAN is also irrelevant.
Would you trust a company with Andrew Fastow as the CFO? Or Bernie Ebbers as the CEO? Would you trust a research report written by Jack Grubman?
If true, it might mean they don't want to sign off on something they know is untrue. The penalties for that these days can be pretty severe.
BTW, they can't stay on the otcbb, let alone move to the nasdaq or amex, without staying current in their filings. The 10k is not optional.
Try this link
http://www.sos.mo.gov/securities/orders/AP-06-16.asp
You think the bashers are spoofing the state government of Missouri website?
No, never. The company is selling stock plus warrants at a buck just coincidentally at the same time someone is paying for promotion by the likes of Fraser and sites like realpennies.com. I'm sure that's just to increase exposure among institutional investors. Yeah, right.
Another one drinks the coolaid. You might as well just send them a check.
How about record labels and coffee shops?
And $400+ million dollars? Why aren't they talking about this on CNBC? This is big news. rofl
Huh? The FHAL shell had a huge overhang of issuable shares. Are you trying to say that the company has a buyback program? Where's the 8k indicating that this is the case? Where is the money coming from to buy back the stock? (Remember, FHAL issued the notes cause they needed cash.) Lemme guess. The bonds that were given them by a charitable foundation. Oh yeah, that makes sense.
Look at the front of this board. Rufus is recorded as saying:
"what happens is, is we take the new book value of the new consolidated corporation. 111 million outstanding shares. We have 48, 62 on FHAL. The combined totals are 111. What happens is, we take the new book value of the new, consolidated corporation. 111 Million outstanding shares. We have 48, 62 on FHAL. The combined totals of 111 divided into your number and that gives you your book value, $7.21. You take your $7.21 value, and you either start trading at your book, or you can go 2 to 3 times. "
Since when is 48+62=97?
You want the truth? Read this from the last 10Q:
The Company entered into a Securities Purchase Agreement with four accredited investors on November 18, 2005 and amended on December 14, 2005 for the sale of (i) $2,500,000 in secured convertible notes, and (ii) warrants to purchase 5,000,000 shares of our common stock.
...
The notes bear interest at 8%, mature three years from the date of issuance, and are convertible into our common stock, at the investors' option, at 55% of the average of the three lowest intraday trading prices for the common stock on a principal market for the 20 trading days before but not including the conversion date.
When the stock was trading at .10, they could convert at .055. $2.5 million converting at .055/share is 45 MILLION potential new shares.
If the lowest three days were .20, the conversion price would be .11 resulting in 22.5 MILLION potential new shares.
How come Rufus never talks about that? How come these shares never seem to make it into his book-value-per-share calculations?
97 million shares outstanding now, eh? Where are all the shares coming from? Rufus said that shares outstanding for CVSU and FHAL were 48 million and 62 million, respectively. The CVSU shares haven't even been issued yet because that would take the total well over 100 million. So how is it that the shares outstanding has increased by 57%?!?
Blue,
Do you have any idea what book value per share is?
Selling stock does not increase it. (Unless the company is trading below book)
Borrowing does not increase it.
Selling an asset for cash (if it is sold for book value) does not increase it.
Using a valuable asset (like a $450 million bond) as collateral in order to borrow money does not increase it.
The pumpers here love to point out all the reverse mergers over the years that have made money. Can someone show me an example of a company where the CEO just snaps his fingers and *presto*, the company is worth $500 million more than the day before?
And when the stock starts to slump, he snaps again and *presto*, another half billion dollars falls from the sky.
This is a farce in my opinion.
Nothing to fear. All they can take is your money.
Oh, I get it. If you never sell, you never lose. Pretty clever. Tell that to the folks who have Enron certs.
Oh, so you had a nice profit and now you're throwing it and fresh money down the toilet? Just as smart.
Spoken like a true Rufusian. Speaking of Rufus, where the heck is he hiding? C'mon Rufus. How about another paltalk?
Dragon, are you averaging down? I bet Rufus thinks that's a good move.
Indeed, check out "litigation" at sec.gov. My point exactly.
Looks like you'll be needing one of those bagholder t-shirts.
seems our street has suceeded in his attempt to scare off
Wrong. The stock was doing fine despite the attacks of our street. It started to roll over days after the merger was complete, shares were converted yet there was still no halt/reset as Rufus had guaranteed.
huge suit will follow for losses and sec will definitely get involved.... but isn't that always the case?
Oh really? Show us the examples. There are lots of lawsuits out there against "bashers" but very few successful ones. And show me where the SEC has gotten involved. Compare that to number of people prosecuted for pump-and-dump operations. It is simply a fact that stock promotion vastly exceeds unjustified "basher" activity.
time will tell
Yes, it will.
CSHD is breaking down. Still no 10k, no halt, no reset, no s-4. We're headed back to .10, a 80%+ drop from here.
You were warned.
Rufus, time to put up or shut up. Where are the goods?
These paid mailers just seem to follow Mr. Pozzoni around.
Rufus, where's the halt? Where's the reset? Where's the S-4? Where's the 10k? Remember, you guaranteed $15/share to a widow no less. Time to put up or shut up.
It appears Mr. Pozzoni was involved with another otcbb oil and gas stock, FNGC. Similar deal. That one didn't work out so well.
Untrue. All the old FHAL shares should now be fully converted and trading without restriction.
BTW, reverse mergers happen all the time, usually without a hitch. Only a Rufus could screw something like this up.
Anyone see a halt and reset around here? How about a 10k? S-4? Time for another paltalk interview. How about it, Rufus?
Good news promoters and pumpers.
The fact that CSHD is still trading can only mean one thing: SEC Enforcement is dead. So pump and promote to your heart's content. There are no consequences.
I gotta say you people really have a nice community going here. I have a feeling that you guys will be meeting in paltalk like the CMKX folks long after this stock has joined CMKX in the otc netherworld.
Sure is nice of the Caracas Group to give CVSU the bonds. I gotta call them. I've got some subsidiaries (kids) that need funding.
Think again. Maybe they don't have any claim to the bond at all. Given that $500 million worth of equity appeared out of nowhere, don't you think it's at least a possibility?
If you borrow $500k and then buy a bonds worth $500k, does your net worth go up? Obviously not. So if what you're saying is true, how can they claim to have hundreds of millions in BOOK VALUE?
Good job, rookie.
Just one question.
AT one point they had $500m in cash (an asset).
Where did this cash come from? It wasn't there back in November. So how did they manage to come up with $500 million cash in just a few months? THAT is the question.
Hours turn into days. Days turn into weeks. Weeks turn into months...
By the time you people wake up, they'll be long gone.
Volume on ihub now exceeds that on the otcbb. Rufus, where's the halt? Where's the 10k? Where's the SB-2? Where's the beef?
In the paltalk interview, Rufus said they sold it. Proceeds are in cash now. Funny how when they buy a bond, it doesn't cost them anything, but when they sell it, they get paid. Neat trick.
Hey Rufus, three strikes yer out.
Posted by: skeptic0
In reply to: Rufus Paul Harris who wrote msg# 9298
Date:7/23/2006 5:55:00 PM
Post #of 35644
Hello Rufus and Thank You for your time and esp. doing the interview this past week.
Can we expect these by the end of the week?
1)SB-2
2)Approved Credit Facility
3)10K
Thank You,
Sceptic0
--------------
Posted by: Rufus Paul Harris
In reply to: skeptic0 who wrote msg# 9311
Date:7/23/2006 5:58:24 PM
Post #of 35644
But of Course.
Rufus Paul Harris
125 TownPark Dr.
Suite 300
Kennesaw, Georgia 30144
Harris@cvsu.us
Cell: 678-255-7650
Fax: 404-393-9824
CVSU.US
Whoa, you really stumped the bashers there. There's NEVER been a pump and dump on the OTCBB before. No, not with the SEC's stamp of approval. lol