CONVERSION SOLUTIONS HLDG CORP (CSHD) 0.50 -1.48 (-74.75%) Headed for a strong close! Where are those "Pocket" market makers?
ok i know i said i wouldn't post till i get my ferrari, but i have some correcting to do so you guys don't think you are all professional successful people lol even though you can't admit when your wrong. ok neil look on the 10ksb/a pg 22 titled thresh hold price reset of their filings. Do the math included in the filing with x being 1.80 as that was the closing price of 0ct. 16th. It's not a split or dividend. The 6:1 is a result of the completion of the merger itself between cvsu and fhal. read the filings before you put out the wrong info. if you guys didn't know cvsu was a private company with assets valued at $30 a share. They wanted to reverse merge with fhal which is the shell company. Basically a shell company is bankrupt, and that's why cvsu is able to reverse merge with fhal to form cshd. for more examples of reverse mergers go to www.shellstockreview.com. Look at the massive gains those stocks went through.
Man believe it or not before dropping out of school I wanted to be a lawyer. Too much schooling, and too much competition to make a good living out of it though. I figured it's easier to make money working for yourself other than working for someone else. I thank the internet. Such a wonderful tool. love it!
It's actually much more creative than a plain ole stock split. It's a 6:1 stock dividend with a "price reset". A financial maneuver unheard of to this point; a credit to the genius of Rufus P. Harris AKA the next Warren Buffett. What RPH proposes is that CSHD will support the price of the stock (post-distribution) in the market at the $15 level. This is essentially an unlimited share buy-back; which would require a large cash asset base to execute. If CSHD actually has the assets claimed, it might be possible, but that assumption requires the concession of several points: - that some significant portion of the $800M to $5.5B in assets are really there, the biggest point of contention - that supporting the stock price is the best use of corporate assets when, if the assets are really there, it would be simpler to just run the business, re-invest the returns, and let the market realize the true book value over time - that the new CEO that replaced Rufus has the same plan in mind for CSHD (how many Warren Buffetts can CSHD pull out of its hat?) $0.55 on 1.5M shares is not a thin market; that's market price discovery at work.
How much praise was Spanky pilling on ol'Rufus again? Oh, that's right.... TONS!!!! How much was BS? Oh, that's right.... TONS!!!!!
Yay!!! Your finally getting it! Just to correct you it's not a devidend. It's a thresh hold price reset. If you want to call it that, i guess your justified to. It's rare that this has been done. Those cash asset base you are referring to are all filed at www.gsccca.org. Spend $5 to review those documents and you might find this company to your liking and you can make some $$$. You will be surprised what you will find in those documents. Every shareholder is insured up to $15 a share. Read up and you'll like. Also like I said the SEC's allegations were baseless, and they have not proven the company fraud or else why are we trading today? In fact they did not even contact the SEC oversite committe to verify the bonds and the info contained in the filings of the 10ks and 8ks. Do you forget that every filing put through the sec is reviewed by an oversite committee to verify them? The court hearing was supposed to be today, but the sec decided to drop the case against the company. The bonds are real. Euroclear made a deposition last week and if you notice on the pacer online document there was a sealed document. That document contained the personal information of the largest bond trader in the world. That person was responsible for giving cshd access to those european bonds. You will see the verdict tom on pacer. Like I said If the SEC had evidence of Fraud, wouldn't they put CSHD in receivership and force the judge to grant all aspects of their original action? The court was ready to hear it. Discovery is over. Their case with Rufus, who knows? House was cleaned, not leveled. CSHD has the bonds, people, and NSS forensics. We will form a class action lawsuit against the SEC for allowing the stock to trade before the judge made a verdict. To me that was planned so the shorts can cover at a lower price. I would like to defend Rufus. This guy is a genius. If you would like to hear how he sounds like and how intelligent and charismatic he is you can download his interviews at www.subpennyradio.com/interviews. Oh yea Mike Alexander(the new ceo) and Rufus remain close friends. I'm proud to be a CSHD shareholder. Believe it or not less than 100 people flew to Georgia for the supposed court hearing to support Rufus, but Rufus was informed last night that the company didn't have to show up since the SEC had no proof and dropped the case. Instead the shareholders were invited to Rufus' ranch for a barbeque. Mike Alexander was also there. How do I know? Lol I watched the whole barbeque on paltalk. Now let me ask you if this was a pump and dump or a scam why would the ceos remain so close to shareholders? damn i love this company.
OK, so what you're saying is that the price isn't going adjust for the split? You do realize that you're saying this company is going to suddenly declare itself worth 6X's more than it's worth now without actually increasing assets. Doesn't something sound wrong to you there? OK, let's put it into Ferrari terms. It's like someone having an Enzo and saying that it's now worth $6 mil instead of $1 mil because they say so despite what it's appraised at.
So what do you drive? Sorry, what car is titled in your name or do you still drive mom and dad's Camry around?
Guys, I just figured out how he does this. On yahoo finance, you can create an account. When you do this, you can choose any stock you want, and plug in the number of shares. So right now, I have 10 million shares of Apple. The problem with this alpine guy is that he does not realize this does not mean you actually have the money. See? Problem solved.
Actually it's because we take turns, you should see the waiting list of guys waiting for their turn in here. Doesn't that describe yourself?
I really need to pick this up already: http://www.costco.com/Browse/ProductSet.aspx?Prodid=11178551&search=popcorn&Sp=S&Mo=5&cm_re=1-_-Top_Left_Nav-_-Top_search&Nr=P_CatalogName:BC&Ns=P_Price|1||P_SignDesc1&N=0&whse=BC&Dx=mode+matchallpartial&Ntk=All&Dr=P_CatalogName:BC&Ne=4000000&D=popcorn&Ntt=popcorn&No=2&Ntx=mode+matchallpartial&Nty=1&topnav=&s=1
Im going to Dromo1 tonight at 830 I say we all meet Spanky there for the real Spanking. I bet He can talk better than He can drive. NO stock talk. Just drive..JJ