Friday, July 28, 2006 8:25:27 AM
So, since Tuesday we have been promised a 10K and 10Q 'any day this week'. Four insider Form 144's were released yesterday which were not promised. In fact, Mr. Harris publicly stated that no insiders or officers for FHAL or CVSU had sold or will be selling in the near future. If this were the case, we wouldn't have seen these filings yet.
The ONLY reason these filings would have come out in this timely manner is if the holders intended to sell FHAL stock. If the intention was to sell CVSU stock, and were not in a hurry, the filings would not have been filed under FHAL, but rather CVSU. I asked Mr. Harris to clarify this here last night but was completely ignored as he was too busy making threats to NEOM.
SOURCE: Form 144
ISSUER: FRONTHAUL GROUP INC
SYMBOL: FHAL
FILER: ASLINGER GREG
TITLE: Shareholder
BROKER: LPL CUSTODY DEPT
RESTRICTED SHARES TO SELL: 75,000 DATE REGISTERED: 7/25/2006
APPROXIMATE DATE OF SALE: 7/20/2006
The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.
Form 144 Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
SOURCE: Form 144
ISSUER: FRONTHAUL GROUP INC
SYMBOL: FHAL
FILER: DURCE MORRIS
TITLE: Shareholder
BROKER: LPL CUSTODY DEPT
RESTRICTED SHARES TO SELL: 45,000 DATE REGISTERED: 7/25/2006
APPROXIMATE DATE OF SALE: 7/20/2006
The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.
Form 144 Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
SOURCE: Form 144
ISSUER: FRONTHAUL GROUP INC
SYMBOL: FHAL
FILER: KIRK WILLIAM DAVID
TITLE: Shareholder
BROKER: EDWARD D JONES & CO
RESTRICTED SHARES TO SELL: 75,000 DATE REGISTERED: 7/25/2006
APPROXIMATE DATE OF SALE: 7/31/2006
The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.
Form 144 Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
SOURCE: Form 144
ISSUER: FRONTHAUL GROUP INC
SYMBOL: FHAL
FILER: MARTIN JOHN & RAIMEY
TITLE: Shareholder
BROKER: EDWARD D JONES & CO
RESTRICTED SHARES TO SELL: 75,000 DATE REGISTERED: 7/25/2006
APPROXIMATE DATE OF SALE: 7/31/2006
The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.
Form 144 Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
The fact these forms were filed tells me these holders are not expecting $15 a share and have most likely already sold their holdings.
Yesterday's security deletion of CVSU should rais another red flag.
Here's where I think many of you have been had. Companies are issued a ticker and CUSIP that to identify them. The extension, ie: .pk or .ob is not part of their identity, it identifies the market the company trades on.
When you enter an order to buy or sell a stock, you don't enter .nyse .amex .nasd .pk or .ob as part of the symbol, because it isn't part of the ticker. If a company changes venues, there is no need to change the ticker or the CUSIP as these identify the specific company and do not reflect the market it trades on.
Lets take a popular ticker as an example, NEOM which used to trade on NASDAQ but now trades on the BB market. There was no deletion, ticker change, halt, marger, CUSIP change or anything like that. In fact it was a very smooth transition from the NASD small cap market to the OTCBB market. People could trade their NEOM shares just as they did before, but at a different venue and of course without extended hours.
Now lets go back to today's deletion of CSVU....
SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
13:33 CVSU Conversion Solutions Inc Common Stock 07/28/2006 Inactive Security **
The symbol CVSU was deleted along with it's CUSIP number. There is no .pk or .ob after the symbol because it is just plain old CSVU, now, the stock symbol formerly known as CSVU.
There was no need to delete the symbol and CUSIP in order to change venues. Venue changes happen al the time granted the exchanges approve and all the filings are in place.
I can't verify who in fact deleted the symbol or requested that it be deleted, but I can assure you it was not needed so that CVSU could trade on the OB market.
To verify this, don't take my word, please call:
Market Data Integrity at (203)-375-9609 first thing in the morning and they will tell you what I learned.
http://www.otcbb.com/asp/dailylist_detail.asp?d=07/27/2006&mkt_ctg=NON-OTCBB
The phone number also appears at the bottom of the web page
The ONLY reason these filings would have come out in this timely manner is if the holders intended to sell FHAL stock. If the intention was to sell CVSU stock, and were not in a hurry, the filings would not have been filed under FHAL, but rather CVSU. I asked Mr. Harris to clarify this here last night but was completely ignored as he was too busy making threats to NEOM.
SOURCE: Form 144
ISSUER: FRONTHAUL GROUP INC
SYMBOL: FHAL
FILER: ASLINGER GREG
TITLE: Shareholder
BROKER: LPL CUSTODY DEPT
RESTRICTED SHARES TO SELL: 75,000 DATE REGISTERED: 7/25/2006
APPROXIMATE DATE OF SALE: 7/20/2006
The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.
Form 144 Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
SOURCE: Form 144
ISSUER: FRONTHAUL GROUP INC
SYMBOL: FHAL
FILER: DURCE MORRIS
TITLE: Shareholder
BROKER: LPL CUSTODY DEPT
RESTRICTED SHARES TO SELL: 45,000 DATE REGISTERED: 7/25/2006
APPROXIMATE DATE OF SALE: 7/20/2006
The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.
Form 144 Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
SOURCE: Form 144
ISSUER: FRONTHAUL GROUP INC
SYMBOL: FHAL
FILER: KIRK WILLIAM DAVID
TITLE: Shareholder
BROKER: EDWARD D JONES & CO
RESTRICTED SHARES TO SELL: 75,000 DATE REGISTERED: 7/25/2006
APPROXIMATE DATE OF SALE: 7/31/2006
The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.
Form 144 Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
SOURCE: Form 144
ISSUER: FRONTHAUL GROUP INC
SYMBOL: FHAL
FILER: MARTIN JOHN & RAIMEY
TITLE: Shareholder
BROKER: EDWARD D JONES & CO
RESTRICTED SHARES TO SELL: 75,000 DATE REGISTERED: 7/25/2006
APPROXIMATE DATE OF SALE: 7/31/2006
The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.
Form 144 Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
The fact these forms were filed tells me these holders are not expecting $15 a share and have most likely already sold their holdings.
Yesterday's security deletion of CVSU should rais another red flag.
Here's where I think many of you have been had. Companies are issued a ticker and CUSIP that to identify them. The extension, ie: .pk or .ob is not part of their identity, it identifies the market the company trades on.
When you enter an order to buy or sell a stock, you don't enter .nyse .amex .nasd .pk or .ob as part of the symbol, because it isn't part of the ticker. If a company changes venues, there is no need to change the ticker or the CUSIP as these identify the specific company and do not reflect the market it trades on.
Lets take a popular ticker as an example, NEOM which used to trade on NASDAQ but now trades on the BB market. There was no deletion, ticker change, halt, marger, CUSIP change or anything like that. In fact it was a very smooth transition from the NASD small cap market to the OTCBB market. People could trade their NEOM shares just as they did before, but at a different venue and of course without extended hours.
Now lets go back to today's deletion of CSVU....
SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
13:33 CVSU Conversion Solutions Inc Common Stock 07/28/2006 Inactive Security **
The symbol CVSU was deleted along with it's CUSIP number. There is no .pk or .ob after the symbol because it is just plain old CSVU, now, the stock symbol formerly known as CSVU.
There was no need to delete the symbol and CUSIP in order to change venues. Venue changes happen al the time granted the exchanges approve and all the filings are in place.
I can't verify who in fact deleted the symbol or requested that it be deleted, but I can assure you it was not needed so that CVSU could trade on the OB market.
To verify this, don't take my word, please call:
Market Data Integrity at (203)-375-9609 first thing in the morning and they will tell you what I learned.
http://www.otcbb.com/asp/dailylist_detail.asp?d=07/27/2006&mkt_ctg=NON-OTCBB
The phone number also appears at the bottom of the web page
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