AI
Sunday, October 15, 2006 2:40:13 PM
1 of the best things for CSHD stock...
is for the 10K to come out on time and have the stock halted for a month or two by the SEC (to verify everything). While most people may not like that idea at first, give it a thought:
The 10K will show, to the SEC, that the merger of FHAL & CVSU/Waatle shares are complete and forming CSHC’s CSHD stock (we already know this is complete, however, by the PR on 9-13-06) and that the $800M (already filed to the SEC) are worth the approx. $7 in book value ($800M / 110M shares).
BUT...what is still coming is the big stuff in the 10Q (which all occurred after the end of their fiscal year, the 10K). We have seen through PR’s and & the info from gsscca.org that $9B is under contract, and Rufus mentioned that we have $15B in total.
Important to note: The 10K shows the end of last fiscal year (ending in June). It is due 90 days later (end of September) and then the 15 day extension (October 15th but bec. that is a Sunday it becomes Oct. 16th). The 10Q will show that extra $8B-$14B (not counting the already counted $800M) and it is due 45 days after the end of the 1Q (September), so middle of November (or up to 15 days later if there is an extension).
You see where I am going w/this?
So, imagine the stock gets halted for approx. 30 days (like TBV back in 2003). So when it really kicks back in it might officially start @ the $15 contractually agreed on price between FHAL & CVSU (jumping up from what we see currently as the PPS) but really be worth a heck of a lot more ($15B / 110M shares = $136 PPS...which, mind you, is only @ BOOK VALUE -- not a two to five time multiple).
Now do you guys see why the management of Conversion Solutions is indeed saying what they have said, that this could be better than Google, and how horrible this must be for the shorts? This could go from a single digit PPS stock to a triple digit monster.
All bets are off, of course, if the 10Q comes out w/the 10K though.
Back to lurking, and my weekend. GLTA.
is for the 10K to come out on time and have the stock halted for a month or two by the SEC (to verify everything). While most people may not like that idea at first, give it a thought:
The 10K will show, to the SEC, that the merger of FHAL & CVSU/Waatle shares are complete and forming CSHC’s CSHD stock (we already know this is complete, however, by the PR on 9-13-06) and that the $800M (already filed to the SEC) are worth the approx. $7 in book value ($800M / 110M shares).
BUT...what is still coming is the big stuff in the 10Q (which all occurred after the end of their fiscal year, the 10K). We have seen through PR’s and & the info from gsscca.org that $9B is under contract, and Rufus mentioned that we have $15B in total.
Important to note: The 10K shows the end of last fiscal year (ending in June). It is due 90 days later (end of September) and then the 15 day extension (October 15th but bec. that is a Sunday it becomes Oct. 16th). The 10Q will show that extra $8B-$14B (not counting the already counted $800M) and it is due 45 days after the end of the 1Q (September), so middle of November (or up to 15 days later if there is an extension).
You see where I am going w/this?
So, imagine the stock gets halted for approx. 30 days (like TBV back in 2003). So when it really kicks back in it might officially start @ the $15 contractually agreed on price between FHAL & CVSU (jumping up from what we see currently as the PPS) but really be worth a heck of a lot more ($15B / 110M shares = $136 PPS...which, mind you, is only @ BOOK VALUE -- not a two to five time multiple).
Now do you guys see why the management of Conversion Solutions is indeed saying what they have said, that this could be better than Google, and how horrible this must be for the shorts? This could go from a single digit PPS stock to a triple digit monster.
All bets are off, of course, if the 10Q comes out w/the 10K though.
Back to lurking, and my weekend. GLTA.
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