Okay everyone, We had some discussion a little earlier on the website www.gsccca.org that Rufus said go ahead and sign up and do some DD on this site. Lots and Lots of Stuff (Signed papers, legal speak, etc.) on CSHD.
Very much worth the 10 dollars per month to have full access! This is the Real deal.
BTW these are document you must pay to play and it seems as though we are not to discuss these in detail on this site (from what I gather)
"i just paid my $5 to the state of Georgia to look at the bonds and contracts for CSHD...all I can say is HOLY CRAP!...its all true.........and more..........No way am I going to copy what im viewing here. because it would be illegal.........but DAMN! if your shorting this stock.....your honestly XXXXXX ;WOW!........Rufus has NOT been Pr'ing everything this company has been doing............WOW!"
Posted by: rookiecrd1 In reply to: lesnshawn who wrote msg# 94519 Date:10/7/2006 3:06:49 PM Post #of 94548
It pretty much shows everything that has been going on behind the scenes.
-The multiple bond agreements. (I know atleast One bond is given to CSHD in exchange for 50% of future profit on any JV used with those funds). So this shows that CSHD does actually own the bond. It clearly states that they are now the owner of the bond.
-The AISS Georgia Aerospace CSHD JV agreement is there and proves that What Harris stated about them being in control, is CORRECT. Very interesting stuff about the JV is included.
-The Merger is official, and had been filed with the state of Georgia back in June/july.
I have no doubt in my mind that the 10k will be filed on time. There is no reason not to. Everything is already in the audited 8k as well as these filings with the state. They just need to put it together and add anythign else that has occured since.
Show them the 8-k's and the pr's, explain them so they understand them. Then show them the http://www.gsccca.org/ site (look under real estate/name search/conversion solutions). Explain to them that if anything filed with the court was false Rufus would be immediately open to charges of fraud.
That should help them to see the worth of cshd, and help you to again feel good about turning them onto this trade.
After you pay the $5 and get access, you want to search the Bartow County Deed Images (under Real Estate). Look in particular at Book 2106, starting from page 1. Or, just search Real Estate state-wide for "Conversion Solutions".
First, that 8K that they filed alleged a book value in the mid $7 range.. not $70 so let's try to keep our facts straight.. assuming you actually care about the facts.
Further, the 8K brings up more questions than it answeres and it represents a heap o' trouble for Mr. Benson, the auditor because he was either negligent or incredibly unethical in his work.
You do not value a note with a theoretical value of $300 million including accrued interest when the cost basis of that note is $40 million and particularly when the $40 million was in the form of a promissory note that has never been paid and long ago went into default.
Likewise you don't value a bond at half a billion without disclosing there are serious concerns regarding its true ownership and more importantly when the interest payment on the bond, that was due in August remains unpaid. You see, unpaid interest payments are huge red flags as they could possibly indicate either that Rufus is not, in fact the beneficial owner of the bond, assuming it was a legit bond.. or worse yet.. that this bond is one of those phony or contested bonds that really have no value.
Either way, you don't simply give them face value under those circumstances without even disclosing these facts in a far more direct and relevant way.
That's why I took it upon myself to share this with the SEC enforcement division and the PCAOB, the group who oversees all SEC accountants. PS.. I have checked my findings with highly respected and well placed people and they have agreed with my findings. You see, accounting practices are pretty black and white... with just a little bit of grey.
The bottom line is there are serious problems with the 8K and it demonstrates even more so, just how corrupt this deal is. Here is my initial comment on the 8K.