I receive the letter from the Georgia district attorneys office, the other day.
Hey long time .....no talk to for many. Its been so long .... 5 years.... the pin names for some are hard to remember. But, i do remember a great deal of you.
Just to name a few, ... xlr8rs, scion, janice shell, h20, Deano361, TEX, IrishLife2, Dallas66, mastaflash, Chase ...even Tallrob! Forgive me ...if I didn't mention you, just to many names.
If your able to recall...I'm Trout... One of the original ones on this message board as well as the Pal-talk forum. ---> Pal-talk was a online community chat, where people could speak into a microphone to everyone.
I had forgotten this site ....yet was able Google and it. I was surprise to still see that it existed and the all you still remain. Reading through the posts.... Many of your guys and gals have a very good memory for things....I have to admit I forgot lot, or just made wanted not remember. Ha!
Anyway ...little more about me... I was an original holder of FHAL ...what would later become CSHD. I had bought it one day just out of the blue, without any clue of what drama was to unfold weeks later. I stayed a shareholder throughout 2006 to 2008. I was their for the frenzy and then the bust! Ha..!
He Just Doesn't Know When to Shut Up
A recap of what I have read here ...that has transpired over the last few months.
- The case against Rufus, Ben, the attorney
- Rufus defining himself ...actually cross examining actual CSHD shareholder
- Rufus fleeing the case in the middle of trail.
- The conviction of Rufus on 9 of ten counts, as well as Ben and the attorney.
- Rufus getting arrested and brought back to GA for sentencing.
Amazing ... stuff!
I think all of us, can conclude why ....the Government decide this was a case worth prosecution. One Rufus P. Harris just doesn't know when to shut up! Rufus insulted many involve with this case and those who came across him would not forget his words. Any normal person would keep their month shut, hired a lawyer and quietly fade into the shadows, hope on hope that the DA would move onto other more high profile cases. But, of course "Rufus Paul Harris" doesn't know how to shut up. For those of reading this and where their in the early days of Pal-talk know this...Remember Simon and the all night Q&A with Rufus. Rufus would talk for hours. We all know that this man likes to talk. Its what ...(I'm sure drove the prosecution of this case).
The Early Days
In the early days, Wow .... for those who remember.. what high drama that we all shared. It was stuff that gave your goose bumps and made your insides turn. It was belief that we all where in a stock to would give us our wildest dreams. In the early days...I had high praise for Rufus, and the rest of his cronies.
And did exactly what he said... "Buy the Crap At of It!"-- One of his famous quotes.
Yet, still wanted confirmation (wanted to be able to show to family, friend, everyone...through the documents what he was saying was the truth) So, I did some research ... and started to find some trouble inconsistencies. I began traveling down some avenues that would lead me directly "the SEC," the very people who exits to protect shareholders. However, before I was able to find out the truth ...CSHD was Halted! So like most I in the end lost all that invested in to CSHD...which was a considerable amount.
The SEC
I read H20 comments a few days ago... and like him I still angrier and have questions.... WHERE DID THE MONEY GO? I am upset greatly at the SEC ....who pin a lot of i give blame for this whole debacle. AND of course Rufus! However, ...you see...i called the SEC and spoke to a Alan Black, several days before they halted the stock. I posed a question to her, I asked did "Rufus Paul Harris have ownership of the Venezuelan bonds?" I was given this answer by Miss Black, "I can not answer that."I pressed her as to why would she could not state this fact "Yes or No!" I explain to her if she had acknowledge that Rufus was not the owner of these bonds ...she need to alert the public. It was in best interest to tell everyone.
******At the time we talked....Miss Black, in fact, had knowledge of these bonds and the ownership of them. Miss Black know that the bonds where not the property of Rufus or anyone associate with CSHD. Miss Black and those at the SEC halted CSHD not out of shareholders concern .... but to protect large Institutional holders, Investment brokers and prevent those big players from getting into this stock! All GOOD THINGS! YEA! To help large investors and brokerage firms! .... O ... and the small investors...too. Ha! Yea right*******
The Great Escape
It bugs me...as insider information (of the bonds not being own by Rufus) was know for days by the SEC. If we all go back and look at the stock price and how it jump within days... from .30 to the final $2.90. Some days running .25 to .50 cents! It would benefit those who has knowledge... to run the stock up and then pump it down! Especially, those who know these and could escape at a high price. (I know me ---> Conspiracy theories, but it live you starching your head and saying out loud ...Hummmm! For those of us, left holding the bag it leaves you wondering! WHO KNOW WHAT AND WHEN DID THEY KNOW!
*Note*
David Perley and Mike Alexander along with Rufus made subsequently deals to investment firms for millions of shares price at .05-.10. These investor bought in at pennies, while some got "FREE" Shares.
*Example*
MM's --->stock brokerage firms.... Purchase the right to sell the shares, which allows the stock to trade. The firms put up the collateral the money for shares (which the intend to make back in profit).
In penny stocks, brokerage firms get to purchase shares at the dirt cheap ---like .01 or in some case lower. (Unlike IOP's Initial Offerings... where the price is high $8 and above). With a commodity .01 share ... the brokerage waits for someone to buy it at a higher price. On a buy... lets say at .05, its at this time they make a profit. Yet, once the individual who bought stock from the MM firm sell the stock ... Lets say at .10, the person makes a profit and goes back to the initial broker.
The THING HERE ...the Broker just accumulate and has little in the way of risk of their initial investment! They made money more than enough money on their up-front collateral payment to get into the stock! KNOW THEIR PLAYING WITH HOUSE MONEY!
*****Boring ..I know but important!****
*Subsequently*
With the rise of this stock brokers made money, all the way to $2.90.
After The Halt
After CSHD was Halted --- No one made anything! No Shareholder, No Brokerage firm, No investor! However, as soon as the stock reopen at 60 cents. ... Broker/Investment firms where able to resume trading and sell and buy ---> These firms ...continuing to make a profit all the way done to .0001. While those who bought high ..... had to sell at a lose to the brokers, investment firms, investors ...who were indeed Betting the stock SHORT!
In the case of CSHD .... Brokers such as Ameritrade, E Trade, Stoctrade as well as many other firms, where holding a great deal of CSHD stock. I REMEMBER! As many of you too remember Calling these brokerage firms and asking for the 5 to 1 shares and find-out ...that a large SHORT position was on CSHD! StockTrade for instance was telling its shareholder that it was no longer allowing anyone to buy the stock! You could only SELL IT!
Many of these firms where in this stock only to let it run up and short it on the way down!
However, when the Halt came they where in trouble just like the rest of us (unable to sell, buy or even gain access to their money). Yet, were allowed the chance to escape and sell shares which they obtain (in some cases free at .05 to .10) ----- AND MAKE A PROFIT.
**** I FOUND OUT THIS **** During my research year back... that Ameritrade and Etrade has direct lines to the SEC and if they need information to assist them....On decision such as if a stock was "Shady." The information was pass on to them...to protect them from major losses! Interesting...to say the lease!
What Should of Happen
The stock should of remain the Halt and should of never been let to trade. Everyone's money should of remain safe, until, a investigation took place. A calm to a court should of been made AND a show of proof about the bonds should of been rendered to the court. If the bonds where deemed not own by Rufus or anyone associate with CSHD, which we found out later they where! All shareholder should had the chance to petition the court for their total amount of investment to be return to them. A show of proof should of been lead by the prosecution to
***(Alan Black know this, when i called her)****
This could of been done! Every ones money within CSHD could of been safe and protected. Then....later disrupted equally by consulting with the Victims Amount list provide by the Brokerage firms ....and which we all can view on the prosecution website.
I'll repeat this ....We all would of receive back our initial investment amount, if this was done.
The SEC Halt Rule
I remember someone tell me ...that the SEC could only halt a stock for a 30 day period and then it had to reopen. Years later, I have come across stocks... that where halted and never reopen! The SEC ....has the ability to keep a stock frozen for as long as it dims necessary. If you do some research you can find stocks that that have been halted and never reopen for trading. Its funny ...how our government makes ups rules and then changes those rules when its convenient for them.
In this Case ...the SEC should of let "the Halt" stayed in place. We investors would of been in limbo, yet all the money within the stock would of been frozen ...and subsequently return to us all, later.
Closing Thoughts
I am not saying all the Brokers/Investment community made out like bandits. No ....clearly a few came late to the party and got entangle within the carnage. However, the large investors buyers at .05 and .10,...along with those given free shares made a killing.
It bothers me... to see how the SEC and Government acts to small shareholders! After witnessing the 2007 Stock Market collapse and the blatant and illegal manipulate by our government ---
CHANGING THE RULES OF THE GAME. For example ...to help those in big players in trouble: (below Things the SEC and Federal Reserve did)
- naked short ban
- Goldman Sacks to change its statues from an investment firm to a institutional bank.
- Bail out Wall street
- Creating a Money fund for companies to gain access to loans and cash.
Its sad to see that their fair playing field,provide by those in charge!
Now... I suppose
The Rule of Law HAS Given Way to The Law of the Jungle!
AI
