Thanks JJ for the FHAL/CVSU Post, This is very interesting!
Eagle1,
FHAL..JJ & RUFUS HARRIS Q & A!
I'm copying this off the post on my board so where it shows [color=Green], that is the response to the question. ENJOY BABY!!! ENJOY!!!!
Some confusion on HSM..Is the $15 paid to FHAL...they seem to feel that FHAL is paying CVSU shareholders the $15.00....
SB-2 will be at $15. They wanted to value it at $34 but Rufus didn't want to do that because the SEC would have stalled it. Valued it lower to avoid SEC questions and delay. 11 days til done. 10K filed by end of this week, if goes as planned.
Option in 8K applies to the reorganized holdings company. Currenlty loading the float @ .20. He says the provision in the 8K DOES apply to FHAL shareholders as that provision is for the reorganized company and is NOT talking about the prior CVSU company.
Float now between 16-18 Mil. Large number of shorts.
Is there a limit on the number of shares that can be cashed in for $15? If so, what's the number.
NO
Is it necessary for any money to be paid to either side's shareholders at all for the deal to be completed?
NO
In other words, IF that $15 provision applies to current FHAL shareholders, which I don't think it does, and we "can" elect to accept $15 per share for our shares, when will we get the payment?
IT WILL BE VALUED AT $15 PER THEIR FILING.
What is the worst case scenario for FHAL shareholders?
Shares trading at $15. Down side is it gets shorted, but not a concern cause they're buying it as quick as it gets sold and plan to keep doing that.
What could change the scenario before 15 day period?
NOTHING, already filed with SEC. Can't undue the merger. It's filed with the Secretary of State in Delaware. It's a done deal. It's set in stone.
What are the prospects for the new CVSU conglomerate share value? Are they including the proposed value of the Amazon deal into the worth?
Amazon deal not as it seemed. Contacted ambassador of Brazil and it does hold huge future potential. Logs plus environmental credit...they, FHAL, will be originators and it has good long term potential. Current value not based on Amazon deal. Don't factor anything in that is not closed. Amazon deal not in the figures. Long term potential there but not a real major factor now in any way. FHAL was basically about to go broke. CVSU has never been on the OTC. This was a shortcut to get there. Could be on NASD in 45 days, but may take longer. Company grew MUCH faster than they ever thought it could during the time it took them to get all their SB2 filing together for all the JVs. It totally snowballed far faster than they could ever imagine.
THEY'VE BEEN WORKING ON SB2 FILING FOR 7 MONTHS SO FAR BECAUSE OF ALL THE SUBSIDIARIES.
JJ ask him if they are going on a bigger exchange..why at $15 (not saying that would be the case here) would the company be a bulletin board stock??
45 days is the estimate to go NASD, but no guarantee. Issue that could factor in is the 50,000 shares traded per day. Don't know if it will trade that many shares per day once we open at $15, or so, so that "might" be an issue.
If FHAL shareholders opt to keep their shares...are there any issues to be aware of?
Other company officers wanted to value the shares @ $34.00. The only issue he's aware of is that it could hit there and go above that.
Will FHAL trading be halted? If so, how long?
NO TRADING HALT, PERIOD. They are filing this in a way to avoid a trading halt. He didn't want to put up with the phone calls. LOL He said he's been called more by CVSU shareholders than FHAL shareholders. They want to know if their stock is only going to be worth .2X per share. LOL
What will occur during the trading halt?
JJ...can you ask if we get $15 a share..ask him if there is a split?
Do you expect that some of these sub-companies under CVSU will be spun off and the FHAL shareholders will get dividends of those spinoffs? Will those companies IPO? Will the dividends be restricted for a year?
Every company will be spun off within 1 1/2 years per contractual. $7.2 Bil government contract on American International Smart Structure. WOW Designed fiber optics systems used on space shuttle, etc. He never had the money to mfg. his patents. CVSU has backed them, formed new corporation, holding the patents, they got the funding, and it will be a huge, huge, deal. Biggest JV. Cities offering large municipal bonds and tax credits.
NO TRADING HALT!
Ask him about 3.5 billion in assets including 500 million in cash?
See if you can get some details
Will FHAL Shares be restricted in any way (just to clarify once and for all)
There will be NO restricted shares other than those of insiders, period.
JJ my first post here but here are some..maybe repeats
1) What is the specific closing date...not mentioned in the filing
2) 8K says either party can unwind the deal one day before close....did I read that right
3) Is their a quiet period for the insiders
4) How soon do they need to pay the 15. or difference after close. I didn't see a perforamnce date.
Thx, Rick
NO QUIET PERIOD! Just going through financials. They could be releasing PRs every day. They have an internet lottery that they're about to blast off! Georgia Ohio and California to begin with that will replace those state's state lotteries. Can buy on internet or through ATM machines. Even trying to see if they can sell stock through an ATM!
