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Did someone sell 300k shares after hours?
0.945 302,700 OBB 16:07:52
How about an answer to my question?
I chased the stock down this morning and sold at .86. You know what they say about hindsight! Anyhow, my concern was that, say the stock does open at $15 pps. What if there are no buyers at this price (there must be a buyer for every seller)? What then is to keep this stock from selling a couple of shares at this price, but afterwards the stock plummets? This way CVSU gets around the law and nobody gets busted!
The thing that I haven't been able to understand is why would people buy at $15 (or higher) pps when they could buy for $1 now?
I really do wish the longs the best but this was my concern.
The bad PR has already damaged this company such that no one is ever going to pay more than what I just sold it for (.85)! Now I will go lick my wounds.
Why would people line up to buy it for $15 or more when they could get it cheap now (but aren't buying!)? This just makes no sense.
Maybe it will open at $15 pps, sell one share, then the price will plummet. That way Rufus has gotten it done "legally." This is likely so I am out. Why would institutions be lining up to buy this at $15 pps when they could have gotten it in the $1 range? Makes no sense.
Links aren't working on this board apparently. I tried to post valid links earlier that didn't work
What the WOLVES are not revealing!
What they are not revealing is why they are spending all their precious time on this and other boards trying to save our souls! Not to mention all the websites they have erected to save us from the horrible companies. Altruism? I think not! Profiting off their short positions? Bingo!
Uh Oh! I am a Fl Gator..Please don't tell him.
The basic question remains! What "concrete things" have all these accusors come up with that proves there is something fraudulent going on here? All I am hearing is "hearsay" and that has never worked in a court of law. That is why I didn't panic and sell - and also think damage control is forthcoming..
Maybe he can't halt yet! I remember he said in MN1 interview that he was waiting for return notice on the filings before halting(??)
What is different? Can someone please point to some objective evidence that something fraudulent is taking place? While I agree that these websites have created a temporary panic which will short term damage the stock, is there any substance that someone can give that says the stock will not re-open as planned? Why would the officers risk jail time - and all the other higher ups involved risk their reputation? Just trying to understand..
It's EUROCLEAR and if you listen to the interview on MN1, he tells how to easily find the bond.
Learned my lesson yesterday and didn't panic sell today!
As I said before, I think that this company might be a front for something (political, corporate, who knows?) because I find the future projects listed on CVSU site outlandish and have many other questions. That being said, I still believe that it will re-open at $15 per share (which is why i got back in). There are too many SEC filings and people involved with reputations at stake for this thing to go no further. Even though I question Mr R's integrity long term, I think he will pull this thing off as I think he is too smart than to want to go to jail (not to mention the others involved)..
Clear day pattern trading going on here. In my opinion there will be no major price moves from here on out till revamp. I think all the news is out right now and most people have decided (one way or another) to be long or not. I don't think there is much flipping potential at this point - and I don't intend to try!
Look at left side of screen "special report." There are two parts.
http://www.mn1.com
From the interview, it was clear that Mr R. said (several times) that he was awaiting notice on his filings and this would happen by the 28th. Mr R. could be getting this email or fax right now and would halt trading. It will trade under the new symbol at no later than the 1st. Confusion arises because of questions regarding when the stock could be traded at new supposed $15 and he was adamant about the 1st. However, he mentioned that there were things at that point beyond his control as to execution (transfer agents, brokers, etc). However, he expected that part to go very smoothly. Did anyone else hear anything different?
1.33 resistance about gone..and is now support.
I got back in after selling out yesterday. Listened to the interview first time last night and got my questions answered. Still think company is some kind of front - but who cares if it's a money maker!
Slowly creeping to 1.32 resistance. Probably will run then.
Remember yesterday was a "head shake" high followed by a opening drop. Anything can happen..
Did not Ruffus say in the MN1 interview that some of the MMs had followed him over from prior company? I am sure they know each other.
I think the reason that it can't be googled yet is that it appears that it was just launched in June (whois records for domain). Also, if you put georgiaaerospace.com into achive.org, you will notice that the last appearance of this site was in 2004 - but under another company name in NY. So it seems this site was put up in anticipation (or because) of the merger. Not saying that this is bad, but just pointing this out as why it's not searchable yet.
I admit I chickened out and may regret it. However, I had no intention of getting back in. Now I am just a very curious bystander so what's wrong with that?
Maybe it's FHAL/CVSU that dropped the ball and not MN1
Ronnie either has sinister motives or Ronnie knows something. Me thinks the latter..
I am out at 1.34. Wasn't comfortable from the start. Felt this board was too harsh on people trying to make sense of this stock..
How (or why) does that happen?
I was in xkem and wondered the same thing. What a wild ride that was!
It's more complicated than that. Many people (like myself) were waiting to see if MM's could shake it down - and how far. I just got back in at 1.33 because I believe they have about run out of steam (and also most profit taking is done for now).
Also, there has been much good and bad hype and it's taken people awhile to sort out what is going on here. I fall into that group but started leaning more positive and decided to take a leap.
Morning tug of war between MMs and new investors. The MMs will try hard to keep the price low. However, I also think that there has probably been a ton of hype generated over the weekend about the possibilities of this "deal of the century". My prediction is that the new investors coming in first thing will win the tug of war and drive the price north, followed by some profit taking and dip south, and then a little re-surge EOD. However, "what the hell do I know?" It's fun to speculate though.
Here is an article that may explain the rationale for the reverse merger (vs going directly to nasdaq route). However, note the caution section:
http://invest-faq.com/articles/stock-reverse-merger.html
Because the MM's are selling shares for which there aren't any certs in the vault (so to speak). I think that this is an excellent video describing how this happens..
http://www.businessjive.com/nss/darkside.html
Always be sellers for shorty's to cover? Are you sure about this? I believe that it is conceivable for MMs to sell more shares than for which there are certs in the vault (so to speak). If the company has bought up all the float but there are say i.e, 1,000,000 shares short, and the company won't sell any shares....It's gonna be real interesting to say the least!!
Just trying to answer "the skeptic" in me. IMO, anyone who dosen't attempt to do this will never make a good investor - I have been badly burned on business deals in the past.
Also, the fact that there are all these big names does not necessarily mean something corrupt isn't going on. Just look at the corruption in the upper escheolons of our government and military! Sorry, but I wasn't born yesterday. That being said, I do hope this is legit as I am long (but I think it's a real gamble).
Georgiaaerospace.com domain records are also puzzling. Whois reveals domain database was last updated in June. However, when looking at the site in archive.org, their is a huge gap in site chronology with most recent in 2004. The company name was Multax and was in NY.
All I am saying here is that it looks like georgiaaerospace just put this recent website up before the deal with CVSU. Looks like alot of the people involved have had prior connections. I am not saying this is a bad thing, but just trying to understand etc. Am I missing something here?
Also, the future projects listed (below) on CVSU site sound outrageously ambitious and are things that even a national government could not achieve. Leaves me wondering if this company is not a "front" for something. Of course, I realize that our main objective is to make money. Right?
http://www.waatle.com/750108.html
Was reading CVSU future projects. Most of these just seem like "pie in the sky" thinking and are all so dissimilar. I am really trying hard to understand this company but finding so many things "baffling." This thing is either supper HUGE or supper SCAM and I can't decide which..
1. National Education Facilities and Standardized Studies Reform Program, Head-start through University
Building an alternative nationwide education system, including structures, teachers and curriculum, where each child gets exactly the same first class education as the next child no matter which city he or she resides in at no cost to the child, parents or government division.
2. Research Program for Developing a Viable High-speed Commercial Ground Transport System to Replace the Antiquated System of Railroads
Development of a 500 mph electrically powered ground transport (Cobra Air Train) system to replace all commuter trains and to compete with less energy efficient and polluting commercial aircraft. Secondarily, development of a heavy lift transport to replace all cargo-carrying railroad trains in the United States of America. Tertiarily, develop and implement a light cargo transportation system to replace most of the semi-truck traffic on the nation’s interstate highways.
3. Coastal Seas Electrical Energy Generation Program
Building and installing a series of nuclear powered electrical generation platforms, on the ocean floor, that will produce clean safe electrical energy for Southern California, the Gulf Coast and Eastern Seaboard of the United States; The goal is to supply 55 million homes with electrical energy and retire as many oil and coal fired electrical generation plants as possible and eliminate the troublesome brownouts that are experienced by both coasts.
4. Research and Development Program to Design and Build an Alternative Fuel Fleet Vehicle with Standardized Refueling System and Related Infrastructure
Development and building of vehicles usually purchased in quantity for a specific purpose that will utilize only alternative fuels such as; police cruisers, ambulances, interagency motor pool vehicles, fire trucks, etc. Development and implementation of a simple efficient refueling system for these, and possibly other, alternative fueled vehicles that will be available nationwide.
5. Research and Development Program for designing “The New Navy’s” next Generation Ship Configuration and Propulsion System
Development of three minimal-crew, composite, bi-hulled, assault/screening vessel classifications for the New United States Navy; These ships will be equipped with a next generation underwater propulsion system which will allow the vessel to attain very high speeds on the water and meet today’s and tomorrow’s threats with minimal service people at risk.
6. Downtown Tempe, Arizona Business District Revitalization Program Utilizing Planned Recreation/Retail Commerce Zones
Building a state-of-the-art Iron Ride Park on city property to enhance the synergy and retail traffic flow to the Tempe Town Lake and River Walk Recreation/Retail Commerce Zones. Secondarily, buyout and complete construction of Phases l, 2, 3 and 4 of the Lakeside Commercial Development as a cyclical to the three above mentioned Recreation/Retail Commerce Zones cumulating in longer customer visits and vacations to the area.
7. Mississippi River Flood Water’s Diversion and Drought Remediation Program
Transporting potential floodwaters from the Mississippi River Flood Basin, via large canals, to lakes and reservoirs throughout the states of Texas, New Mexico and Arizona before the river rises to flood stage.
8. First Response Oil Spill and Coastline Reclamation and Oil Remediation Program
Build a flotilla of ships fitted with oil skimming equipment and capture tanks to reclaim oil spills at sea. Additionally, ocean-to-beach running hovercrafts fitted with solvent injected earth tumbling machines that will process shoreline sand/soil/rocks, reclaim the spilled oil and return the shoreline back to pre-spill condition.
9. Research and Development Program for Building an Alternative Energy Fueled Commercial Commuter Aircraft
Development of a viable commercial aircraft that is powered by a non-polluting alternative fuel source.
10. Programs to Build and Operate a Radioactive Materials and Atomic Waste Reclamation and Disposal Facility
Build and operate, in a remote location, a radioactive materials and atomic waste reclamation/remediation and disposal facility
The SEC would nail them if it were a scam. That is what a lot of people are saying. HOWEVER, there are many shady ways to orchestrate business deals where people get ripped off and yet all the legal hoops have been cleared. Harris himself said last night that this was a new and unique kind of business venture. This sounds real convoluted to me and leaves all kind of room for legal squirming. Read the warning section on reverse mergers in this link..
http://invest-faq.com/articles/stock-reverse-merger.html