quote:Originally posted by GreenDay: I swear! Rufus just took my call on his cell phone that is listed on their website 678-255-7650.
I asked "I own FHAL today. Am I guaranteed $15 a share on the 7/28 or 8/1 merger date on all my shares that I hold today. He said "yes hon - you sure are" I said "that sounds way to good to be true, how can you do that?" He said the regualtions of reorganizations allow companies to stop the market and reset the price per share at reorganization."
So coming out of bankruptcy(re-organizing) by way of a reverse merger could allow them to adjust the trading price is what he is saying IMO, if I am reading it clearly.
posted
peaser maybe 10of13 is right about rufus trying to bring his worthless CVSU back into play again. his gain - our loss ! this has been a nice money maker the past few days but has gotten to risky right now imho. if they do a r/s it is worthless. time will tell !
-------------------- I'm from Missouri - Show Me!
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quote:Originally posted by glassman: PG it all comes down to the value of the assets they are holding...
why are you bringing RS to the table?
------------------------------------------------>submerged now, looking thru me periscope...Sumpin on the horizon, and steam and hell fire coming out it's spout...Me luckly, have an appointment...Diving deep! Good luck folks, this stock is nuts!
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A "reset of the price" can only be accomplished through a split, no other way.
Not quite. I know of two other ways this can be accomplished.
Filing for Chapter 11 Bankruptcy leaving all outstanding shares null and void. New shares are issued at a set par value, then the market determins actual trader perceived value.
Other method is to retire all shares, through a variety of mechanisms, then issue new shares as with my bankruptcy example.
A company CANNOT stop the market and set share price. That is simply impossible.
For these circumstances, this must be a reverse split, either outright or a reverse ratio of new merger shares for old pre-merger shares.
Say I own 300 shares of FHAL and the current market price is $1.00 so I have $300.00 in my account.
If they need the price to be $15.00 per share, then they do a reverse split and now I have 20 shares of FHAL at $15.00 and my account still has $300.00.
I do not gain anything. I do not lose anything. I do not get 300 shares worth $15.00 a piece.
But the CEO stated that there will be no reverse split.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
hi Purl i am new to this, can u explain this?? I posted in on the other board earlier and nobody could explain it.
Thanks in advance
Hi guys, this is my first ever post. I have owned shares in this since .15 last week. I am based in the UK and trade through TD WaterhouseUK. Today i recieved a corporate action sent to my account as follows:
Stock: FRONTHAUL GRP INC Action Type: Merger Description: Fronthaul Group Inc and Conversion Solutions Inc announced that they signed a definitive agreement pursuant to which Conversion Solutions Inc agreed to acquire Fronthaul Group for cash.
The transaction is structured as a merger. Under the terms of the merger, Fronthaul Group shareholders will receive USD7.21 in cash in exchange for each share held.
The effective date has not yet been announced.
?????????????????
Does this mean my shares will be worth this over night? It sounds like they will give me the money but are taking my shares?
Any thoghts on this? i only ever get these e-mails when i get a confirmed dividend.
-------------------- 'The rewards for those that persevere, far exceed the pain that must proceed the victory!'
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posted
CVSU is a private company (owned buy Rufas and Stanley) "They" want to be able to trade those stocks CVSU "claims" they are worth at least $15/share
CVSU buys FHAL (already done), They will merge Old CVSU share holders will get 1 share of "FHAL" shares for each CVSU they have (really RUFAS AND STANLEY will now have 2 shares of the "merged" company) All shares are now called "CVSU"... If on the close of day on the first trading day of the "new" ticker symbol..CVSU...does not close at or above the $15.00 mark...all CVSU holders(forget about the symbol of FHAL..it no longer excists)will recieve the difference in $...
Why does this sound "rediculas"? Stanley and Rufas..."own" CVSU...they are buying up shares of FHAL to bring the PPS up...(supply and demand) They will "own" so many shares of the new stock...I can't even imagine...even if they pay the difference to share holders...they will be able to retire...just as Rufas stated in his "chat" session..he can retire in 2-3 months...
My guess is...that on that second trading day of the new stock...they dump ALL those shares that they have bought up the past few weeks...talk about mega bucks!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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Fractional shares are generated during a split. You might end up with 1000.32 shares. The company will keep the .32 share you have.
Sometimes, if you end up with 1000.55 shares, an example, a company will round up and give you 1001 shares. This does not happen often.
Bottom line is share holder percentage interest is reduced, less equity, and the company equity is increased, less indebtedness to share holders.
A reverse split, however effected, almost always harms share holders and benefits a company.
Addtionally, very common for new authorized shares to be printed after a reverse split. This places the company in a majority share holder position and leaves share holders with less than minority interest. End result is a company does not have to call for a proxy vote by shareholders; company has sole voting power on issues.
This is how NDOL screwed share holders; a loophole in Florida law, in this case.
posted
Next time someone gets him on the phone, instead of asking "will my shares be worth $15.00?" Ask "will I have the same number of shares that I have right now, worth $15.00"
In the 8K, there was a provision for them to do a split, correct? If this is the case then the only thing we are relying on is the word of the man. (who, by the way, is weasling out of the interview tonight according to a post on IHUB)
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Conversion Solutions, Inc. Announces Important Additions to the Executive Team for AISS
Thursday , July 20, 2006 14:49 ET
KENNESAW, Ga., July 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Conversion Solutions, Inc. (OTC: CVSU), (OTC Bulletin Board: FHAL), a Delaware Corporation is proud to announce the addition to our Executive staff of Mr. Kuczynski and Mr. Eirich.
Mr. Kuczynski and Mr. Eirich will hold the CVSU Board of Director positions in the joint venture corporation American International Smart Structure (AISS).
"CVSU would like to welcome to the company structure Mr. Kuczynski and Mr. Eirich, we believe that their addition to our Executive staff will be a great start to the launch of AISS," stated COO Ben Stanley.
"I am very excited about my opportunity to become an employee of CVSU. It is an honor to be included with the existing distinguished members of CVSU and its strong management team. I look forward to my involvement in the AISS project as well as the other innovative programs of CVSU. I would be remiss if I did not extend an extraordinary thanks to Ms. Sabra Dabbs, Executive Vice President, for her efforts and support," stated Tom Kuczynski.
"It is with great excitement and enthusiasm that I join the team at Conversion Solutions. In particular, I look forward to making a substantial contribution to the success of the Smart Structures Project as well as to the other project under development at CVSU, and I extend my sincere appreciation to Ms. Sabra Dabbs, Executive Vice President for making this opportunity possible," stated Don Eirich.
Mr. Kuczynski and Mr. Eirich have a combined experience of over 40 years of service within the U.S. Government and as representatives of a wide range of international and U.S. companies within the Washington establishment. Their influence within Washington is based on their strong ties to the majority Republican Party which currently controls the White House and both houses of Congress. Their individual qualifications and accomplishments are listed below:
Thomas Kuczynski
For the past 25 years Mr. Kuczynski has been a principal lobbyist for a major U.S. natural gas company. During that time he developed very close relations with congressmen and senators, particularly from the Republican Party. His efforts in raising millions of dollars in campaign funds for these Republican officials have been greatly appreciated, and his influence among members of Congress is widely recognized within the Washington lobbying community. As a result of this funding support, Mr. Kuczynski has been able to achieve numerous victories within the Congress for his clients. He has particularly strong ties to the chairmen of the House Appropriation Committees. These powerful congressmen determine which programs will be funded in each year's budget.
Don Eirich
After serving 20 years in the U.S. Marine Corps, Col. Eirich was appointed by the Republican Reagan White House to serve as the Director of Southeast Asian Affairs in the Department of Defense. In that capacity, Eirich was recognized as an expert on Southeast Asia and was awarded the Secretary of Defense's Medal for Outstanding Public Service in recognition of his contribution to the successful transfer of power between the Marcos and Aquino Administrations in the Philippines. During this time he was responsible for maintaining the defense relationship with the Philippine Armed Forces against criticism within the Congress and became a trusted associate of the Honorable Caspar Weinberger, the former Secretary of Defense, the Honorable Richard Armitage, the former Deputy Secretary of State, and the Honorable James Kelly, the former Assistant Secretary of State for East Asia. Upon leaving the U.S. Government, Col. Eirich became an effective representative of companies wishing to do business in Washington. One of his notable clients was Indonesian Aircraft Industries (IPTN). While under contract with IPTN, Col Eirich obtained the agreement of the U.S. Department of Transportation to establish a procedure that would lead to the granting of an FAA airworthiness certificate for the CN-235. Col Eirich was also able to obtain the agreement of the U.S. Department of Defense to offer financing for a sale of the CN-235 to the Philippine Air force.
Colonel Eirich, a graduate of the U.S. Naval Academy, is currently a senior official with an NGO, the U.S.-Indonesia Society (USINDO). In that capacity, he handles defense affairs and relations with the Congress. Last year Colonel Eirich led a successful effort on the Hill that resulted in the restoration of defense relations between the US and Indonesia.
"A great addition to our staff, and I think that their resumes say it all," stated Rufus Paul Harris.
About Conversion Solutions, Inc
CVSU is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CVSU's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CVSU is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at www.cvsu.us.
Current Joint Venture Corporations American International Smart Structure Brittenum Brothers Entertainment, Inc. Rocky Road Records, Inc. Seko Management Inc. Consolidated Mastering, Inc.
Current wholly owned CVSU Subsidiaries Tserof Holdings Inc CVSU Coffee Shop Equine Solutions, Inc Stargate Productions, Inc.
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Purl - Would you be willing to call Rufus? since you know so much about the regulations. I'd call again but I don't know what questions to ask when he gives me the technical mumbo gumbo. I know you say you aren't in this, but since you take the time to post here and help us all out your phone call time would certainly be most appriciated.
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quote:Why does this sound "rediculas"? Stanley and Rufas..."own" CVSU...they are buying up shares of FHAL to bring the PPS up...(supply and demand) They will "own" so many shares of the new stock...I can't even imagine...even if they pay the difference to share holders...they will be able to retire...just as Rufas stated in his "chat" session..he can retire in 2-3 months...
My guess is...that on that second trading day of the new stock...they dump ALL those shares that they have bought up the past few weeks...talk about mega bucks!
That sounds a lot like someone posted on IHUB last night:
quote:In one common scam, penny-stock promoters may pump up shell stock values by touting a merger with a private company, then dump their own shares before the merged company's low value becomes obvious.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
"Purl - Would you be willing to call Rufus?"
Here is an alternative. You boys play this one for all it is worth, make as much money as you can on volatility.
Before this merger, get the F-word out. There is not a chance this company will give you free money.
You can call, you can talk, you can demand, but a company will only tell you what that company wants you to know, nothing more.
Have you carefully read how many loopholes there are in company statements? Lawyers have left this company with unlimited options and placed this company in a position of no liability regardless of what actions the company follows. Those news releases are legalese gibberish designed to fool the public into buying.
Play this one for profit but never lose thought share price could crash a dollar per share in less than five minutes.
quote:Originally posted by Dustoff 1: The product: Salvaged logs from rivers and tributaries of the Amazon..
Hardwoods that have great value... A mechanism for recovery and transport..
This alone is a very good high stakes venture, as ventures go...Don't have to have a rock in Science to understand the buisness..It is not High tech..
Looking for other companies doing or proposing same, which are already established and far less in contrariety may be wise..
I get a sense of sophistication of intent...Intent to sell stock...Raising funds by CVSU? The buying up of the float, by the company? The "Audit"? Filing with the SEC, is no expedition into Graffiti..There are penalties... Pumping machines in High gear accross the net.. We also have to take into consideration the gambling habits of many differant groups.. Hong Kong loves to gamble..As do far to many Americans...We have to admit to ourselves that this stock can be intoxicating when running..
A high with Victory! A low with defeat... The Human elements run high in this stock, making discipline difficult at best..
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