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Re: None

Sunday, 05/30/2010 11:43:21 PM

Sunday, May 30, 2010 11:43:21 PM

Post# of 169275
why did the SEC take so long? who cares its all documented very well!!!!!!

Subject: File No. S7-08-09
From: St. Matthew
Affiliation: Loyal InvestorApril 29, 2009
The best possible case study for ending Naked Short Selling comes from a company called Conversion Solutions Holding Company (CSHD). On July 12, 2006, CSHD put out the following in a PR:
KENNESAW, Ga., July 12 /PRNewswire-FirstCall/ -- Conversion Solutions, Inc. (OTC Pink Sheets: CVSU), would like to announce the signing of a Merger Agreement and Plan of Merger with The FrontHaul Group, Inc. (OTC Bulletin Board: FHAL) a Delaware Corporation.
Within the next few days, the entire (trading) float was bought up by unknown members of CSHD.
With no (real) shares left to trade, 450,000,000 shares have traded since that time. As you can imagine, this has caused massive amounts of FTDs. Those who sold the shares "naked" never intended to deliver the shares...even if they could have.
This all translates into a stock that has gone from $4.00 per share to .0001 per share in a very short amount of time. This also translates into untold amounts of money lost by innocent and loyal shareholders.
You have to ask yourself...where did all the money go?
Search www.YouTube.com for "CSHD Fail to Deliver" in order to see a visual of these FTD numbers.
(Attached File #1: s70809-360a.pdf)
(Attached File #2: s70809-360b.pdf)


http://www.sec.gov/comments/s7-08-09/s70809-360.htm

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