posted
I'm still holding my shares here. Didn't sell any today. This is interesting that two bash sites are now on this stock as we are approaching the symbol change.
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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quote:Originally posted by Purl Gurl: "i have no idea if the guy can re-adjust the price."
We _must_ learn how to do this. I have some loser stocks for which I want to readjust share prices.
Purl Gurl
I still believe that it is do-able...so simple that everyone is missing it...it's in the 8K and in the sec rules...it's posted in these threads...not going to bother posting again...
The only thing that I am now wondering about is with this lemon site and others...the price has fallin' and will not have a good chance to "gather" steam before the symbol change...which will now delay CVSU with the merger and "reorginization"...IMO...
We shall see what the future holds...GLTA!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
ahem? reset pricing. The purchase price of the common stock or the conversion price of a convertible security is set either (i) at closing or (ii) on a specified date after closing and is subject to adjustment (downward or upward) based on various criteria that can include fundamental performance (operational reset), a specified event (event-driven reset), or the stock price of the issuer at a given point in time after closing (threshold price reset).
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
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-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
You will find a lot of legalese gibberish through the SEC, forms S-3 and S-3/A if you care to ruin your eyes and nullify your thinking ability.
If a company could reset share prices, we would see this happen a million times a day, each day.
Reset Pricing refers to very specific circumstances almost always one of, splits, conversion, dividends and similar.
You boys are not using good logic. If so, you would quickly realize if a company could reset share prices at will, there would be no stock markets, none, nada, zippo, zilch.
quote:Originally posted by Purl Gurl: You will find a lot of legalese gibberish through the SEC, forms S-3 and S-3/A if you care to ruin your eyes and nullify your thinking ability.
If a company could reset share prices, we would see this happen a million times a day, each day.
Reset Pricing refers to very specific circumstances almost always one of, splits, conversion, dividends and similar.
You boys are not using good logic. If so, you would quickly realize if a company could reset share prices at will, there would be no stock markets, none, nada, zippo, zilch.
Purl Gurl
PG? this is a reverse merger...
there is a substantial addition of capital involved.. Dustoff doesn't like the 500,000,000$ Venezualan bond, but they still pay dividends... i understand his concerns.. i'm not stooopid..
something ain't right?
something aint right! but it is with the bashing and shorting going on...
not allowing this to re-open at 15$ appears to be the real goal...
if it does? you will be saying i told you so?
i don't play datchit... and you shouldn't either IMO...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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To increase share price to 15.00 per will require a reverse split although this might be labeled something else. Your shares will be reduced in numbers and share price increased to provide approximately the same equity value.
Reverse merger, reverse split, retirement, reorganization, call this what you will but the net effect is a reverse split.
I don't get this: "not allowing this to re-open at 15$ appears to be the real goal..."
If CEO is empowered to reset via that 386-whatever nontaxable reg, how can he be stopped? I mean, if that's what he/the company wants to do...what's stopping 'em?
The undersigned is aware that FHAL and the CVSU intend to treat the Merger as a tax-free reorganization under Section 368 of the Internal Revenue Code, as amended (the "Code" ), for federal income tax purposes. The undersigned agrees to treat the transaction in the same manner as FHAL and the Company for federal income tax purposes. The undersigned acknowledges that Section 1.368-1(b) of the U.S. federal income tax regulations requires "continuity of interest" in order for the Merger to be treated as a tax-free reorganization under Section 368 of the Code. Continuity of interest may not be preserved if stock of an acquired company is disposed of before an acquisition to the acquired or acquiring company or to persons related to either the acquired or acquiring companies for consideration other than stock of the acquiring company, if a shareholder of the acquired company received certain distributions from the acquired company with respect to his stock in connection with the acquisition, or if stock of the acquiring company issued in the Merger is disposed of in connection with the Merger to the acquiring company or to persons related to the acquiring company. Accordingly, the undersigned declares that in connection with the Merger (i) the undersigned has not and will not dispose of any of the stock of either the CVSU or FHAL to either the CVSU or FHAL (other than in exchange for the Merger Consideration), to a person related to the Company (within the meaning of Section 1.368-1(e)(1)(i)(sixth sentence) of the U.S. federal income tax regulations) or to a person related to FHAL (within the meaning of Section 1.368-1(e)(3) of such regulations), (ii) the undersigned has not and will not receive any dividend or other distribution with respect to the stock of the CVSU attributable directly or indirectly to funds provided by FHAL, and (iii) the undersigned will not dispose of any FHAL stock received in the Merger to FHAL or to a person related to FHAL within the meaning of Section 1.368-1(e)(3) of the U.S. federal income tax regulations.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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I don't get this: "not allowing this to re-open at 15$ appears to be the real goal..."
If CEO is empowered to reset via that 386-whatever nontaxable reg, how can he be stopped? I mean, if that's what he/the company wants to do...what's stopping 'em?
because it won't do any good...
he can re-open, but everybody will short it... worse than now...
i am beginning to see "seasoned traders" act poorly....
to behave in a very destructive manner...
maybe new growth is dead in America..if so? this is why...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
If you hold fifteen shares worth fifteen dollars, when Rufus is finished, you will have one share.
SEC provides rules and guidelines on this based on average traded share prices over a time period.
Market Capitilization will be calculated upon number of _authorized_ common shares and upon an average share price. The number of shares held by each will be reduced in number to an equal equity value, approximately.
"reverse split"
After this event, my opinion is share price will crash badly because the net combined worth of the two companies is zero; bankrupt.
posted
is there someplace where I can read a filing or case where someone used the term "reorganization" in reference to a reverse split? i'm not being confrontational or anything...i'd just like to actually see a valid example of that usage...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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quote:Originally posted by CRab: is there someplace where I can read a filing or case where someone used the term "reorganization" in referance to a reverse split? i'm not being confrontational or anything...i'd just like to actually see a valid example of that usage...
I'd like to see an example of a "368-play" -- ie, doesn't have to a *major* reset of price, but simply one that actually happened.
I'd love to get in on a deal like--as timing goes, I'm back on the job-site a lot nowadays, so can't play these intraday runs...
posted
i was paying attention...thats why i asked for an example...
i understand what you are saying, but if you are saying in this case that a reorganization creates in effect a reverse split i'm sure there are past examples of that...
thats all i was asking for...not a definition that equates to reorganization=reverse split
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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