Conversion Solutions Holdings (fka CSHD)

[bluediamonds]

FHAL: price well over $15 shortly after the merger...

FWIW

Posted by: semiguy99
In reply to: saywhat who wrote msg# 30600 Date:8/5/2006 3:51:50 PM
Post #of 30676

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Here's the part you have absolutely no clue about-the IPO process requires an enormous amount of time, money and the ability to attract investment banking firms. It can take 1-2 years to put that all together. Reverse mergers significantly reduce the time involved to make this happen.

I invested in a private placement in November, 2004 that was supposed to lead to an IPO. It's a solid company with a good business plan and growing revenues but now, almost two years after that investment, we are still waiting. The current estimate is Fall, 2006.

As for Rufus giving us shareholders money for nothing, that's a bunch of crap. My guess is that Rufus and friends bought enormous amounts of FHAL in the 10-20 cent range and of the 25,000,000 shares in the float there are only 2-3M actually owned by the public-if there are more shares they are from naked shorts.

Rufus and Ben fully expect to have a share price well over $15 shortly after the merger. Take the $34 value of CVSU before the merger, add in 20,000,000 shares with a $15 profit per share, and the insiders in this deal are no way being hurt.

The public, retail investors like me are just along for the ride here. Sort of like the penny ante investors in PAIV who bought 1 share just before the reverse split on Thursday that will be rounded to 100 shares; the company doesn't care about these guys and Rufus doesn't really care if some of us wind up making a great deal of money since he's in it for much more AND the naked shorts are going to get fried.

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