posted
hey tex... you havn't heard much about the log thing cuz they have to go a different route according to ben stanley. talked to him about it 2 days ago. something happened where it's going to take a little more time (i know, i don't have the details cuz i didn't really understand them that well) but he said they *will* be going through with it...
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN?
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quote:Originally posted by glassman: The Merger qualifies as a tax-free reorganization under Section 368 of the Internal Revenue Code of 1986, as amended, meaning that as the Reorganized Holdings Corporation begins to trade it has an option to adjust the market (trading price) to reflect the new Reorganized Holdings Corporations audited financials as it reflects on the per share book value.
this is what somebody came up with...
getting more interesting... more shade than a three hundred year oak but interesting as heck
Makes a little sense...but only if the market supports it.
-------------------- - "Pay it Forward"
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i got in and out a couple times.... we had no idea if it was for real at first, i caught it on microcap screener set for reverse merger and buyout news...
it seemed too good to be true and we had no idea how much of the estate was going into it...
the MM's get hit on these because they don't do DD on the co's they are trading... i didn't hold it for more than a few hours each time...
[ July 20, 2006, 20:20: Message edited by: glassman ]
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by glassman: i don't know...
i do know that he had to announce his intention to buy them in a filing because of the 5% rule...
Right..but how long does he have before he needs to file that? It seems that I have seen several that don't file it for several weeks...if not months..
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
here's why i couldn't find the symbol: Simultaneously with the closing on the Presley assets, Mr. Sillerman, through an affiliated entity, expects to acquire approximately 94 percent of the common equity of Sports Entertainment Enterprises, Inc. [OTC BB:SPEA.OB], an inactive publicly traded company, through which the business of CKX will be conducted. The transaction is subject to certain closing conditions and there can be no assurance that the transaction will be consummated or, if consummated that SPEA will necessarily be the investment vehicle. Following completion of the transaction, Mr. Sillerman plans to seek shareholder approval to change the name of SPEA to CKX, Inc. and also plans to make application to trade the public stock of SPEA on a national securities exchange, though any such listing would remain subject to the approval of the exchange. Additionally, Mr. Sillerman has agreed that, subject to certain minor conditions and exceptions, he and certain of his affiliates will conduct all of their active media and entertainment-related activities through CKX.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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Member Rated: posted July 20, 2006 09:23 PM -------------------------------------------------------------------------------- this guy who is moderating is an idiot. The current float is a hard question to answer and Rufus says that there should NOT be a Float out there. We have traded over 100 million in the last week and he believes that there is many shorters out there.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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Glass: When Wally first asked my opinion, I pointed out how easy it falls vs volume/trades req'd to climb--that's right there on the charts; not disagreeing, simply saying this is not "new"
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
quite the interesting case, this FHAL. seems to be catchy, this whole buyout/merger play lately: IDWD, NDOL, GFCI, FHAL, probably some others I'm missing.
i have no opinion or commentary on FHAL, know absolutely nothing about the company. if past history is any indicator though: it's generally a good idea to get in early and then get out early with these types of PR's and deals. are sure fun to watch though.
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quote:Originally posted by blue_in_MI: quite the interesting case, this FHAL. seems to be catchy, this whole buyout/merger play lately: IDWD, NDOL, GFCI, FHAL, probably some others I'm missing.
i have no opinion or commentary on FHAL, know absolutely nothing about the company. if past history is any indicator though: it's generally a good idea to get in early and then get out early with these types of PR's and deals. are sure fun to watch though.
OT: Blue, one that seemed to "get lost" to me was the SMKT dealie last summer; Texas Prototypes took over...as I recall, seemed like a "real company" with contracts, awards, etc...
do you happen to be familiar?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by Purl Gurl: "there is a way to legally re-set the opening price...."
How?
Without a split, bankruptcy, share retirement, cancel of shares, how?
Purl Gurl
that's what i've been saying... we are gonna have to wait and see the true answer for sure... it has something to with re-organisation of co that brings assets in the form of TAX-free(?)BONDS...
Venezuelan bonds ok? i guess.....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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On merger effective date, FHAL is trading at 2.00 per share. Many are claiming this company will pay a cash difference; 15.00 minus 2.00 - 13.00 cash per share. Actual amount is unimportant.
How will this company produce the money? FHAL is bankrupt, this merger company does not trade and appears to have zero revenues.
Where will this company come up with millions and millions in cash to pay share holders?
posted July 20, 2006 10:08 PM --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by 10of13: QUICK NOTES ON INTERVIEW
1- "They have bought up over 100k shares on the market and if there are shorts it will have to be covered before the merger is complete" "short squeeze"
They used a trust to by up the float. The float will be held in the treasury and if needed at a future time then they may release them. The company is fully funded and will not need any dilution to fund operations
2- They will set the pps at 15.00 on the first day of trading and if the market supports it then that is the price "we" get...
3- Picure it as an IPO and we have the shares up front. It is his job to make sure that the share price stays at the $15 or more. The have huge contracts sitting on the table. They have bonds from third world countries to add to the list. He feels that $15 is undervalued
4-No r/s but perhaps a forward split after the merger is complete (8K will not allow them to do a r/s or any change in share structure until after the merger.
5-Rufas owns 9m of CVSU and none of FHAL
6- 3.5 billion in assets and 500 million in bank
7- S-4 is filed and 50 million set aside for each "project"
8- "We" would hold shares of AISS that is currently valued at $60/share. The board would like to have a value of 100/share within 3 months
9- the online lottery will be available in Ohio, Georgia and California (maybe another) by end of the year.
10- Fryyguyy just got puked on...time out
You can hear this interview by going to the CVSU website.. --------------------------------------------------------------------------------
One last note...Rufas is 38 and I am going to marry him...
[ July 20, 2006, 22:21: Message edited by: 10of13 ]
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
Recently, us Old Timers have watched two bait and switch scams, NDOL and GFCI. We also watched a very successful scam, the GHLT rip off.
This one, however, is a bit more entertaining. At least there is a challenge to understanding this scam, unless this scam is so utterly stupid as to be below our usual thinking level.
posted
PG? i still have 1000 shares of Henry Fahmans paper...free of course, but i do remember that filings don't mean a whole lot more than PR.... but still more...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
"well well well, ya mean there are no Teak hulled Windjamers"
I am beginning to suspect the next pr news will announce Captain Kirk, Spock, Scotty, the rest of the crew will be beaming these logs up for transportation to a Vulcan sawmill.
posted
LOL...Purl...don't worry about it...I didn't listen to the interview..but took noted from what was posted by the posters that were...
I am enjoying this FHAL stuff...and trying to figure it out..it's a great learning "toy"...seems that maybe some of you old timers are learning with me...and to top it off..I have made nice $ at being a student...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
"PG? i still have 1000 shares of Henry Fahmans paper"
* SCREAMS *
Do not say that unmentionable name!
I suckered for that scam, lost two grand and my account is sh!t papered with worthless spin off dividend stocks. I see those each day I fire up my live feed, then cuss.
Pisser is, at one time I was up five grand, decided to hold, then the crash.
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