I am not sure if shorts are the cause of the eratic dips as mentioned before, other possibilities could be everyday normal folks selling, or even possible dilution.
I was sold on the possible short aspects a few days ago; however, I am unsure of that at this time.
Best wishes to all.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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posted
Just got off the phone with Integrity Stock Transfer the T/A for FHAL. The Float is between 23 to 24M shares. So there has not been any dilution. I also asked about the process of exchange after change to CVSU. He stated that once everything is complete it should happen within 24 hours. the only delays would be from the DTC itself and has nothing to do with the company. Discount brokers seem to take a little longer to make the change.
Anyway that was the word I got.
If you'd like to call here's the number 1-702-317-7757.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
there's a statement made by Mr Harris in his interview that the Venezualan bond was converted to cash for 500 million$... if that is the case? i see a possible scenario where shorts are gonna be like ants under a magnifying glass in July...
did i mention i don't like shortsellers?
of course? this is rumour, but i have bought my ticket to the show and PATIENTLY await the outcome....
i have never seen so many rumors and outright lies on one stock before... the filings are what they are...
there is no way to know if the filings are lies, but if the filings are lies? then there is NOTHING you can count on the market anymore anyway....
-------------------- 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 it's always been there...i trust ya...the fact that the messege board on that site was created today is what has thrown me off...and the fact that it is (NQB) not (OTC:BB)
still waiting for some damn news anyhow...so until then it really is irrelevant i suppose...
[ July 28, 2006, 17:41: Message edited by: CRab ]
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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********** drops a nuclear warhead on FHAL, and they talk about telecommunications statutes rather than trying to refute **********'s points?
i really don't know anything about FHAL so i won't comment further. will surely be quite interesting to see how this plays out for rufus, though.
Posts: 1698 | Registered: Mar 2004
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posted
Yes..Blue...Lookin' forward to the outcome...
This is "most defintely to good to be true"...and so far fetched that I think it will actually happen... but..Rufas does have an out and I am waiting to see if he uses it...
-------------------- #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
I am not sure who has sold in the paste few days...but in the article from Wednesday's PR is this statement;
If anyone feels that they have been persuaded by the influence of www.our- street.com or www.**********.com not to invest into our company or to sell and would like to join a legal suit to recoup their losses, please send an email with your complete contact information to stopthefraud*cvsu.us .
posted
this point i was trying to make was that even though FHAL was on CVSU website, the pps was exactly as it closed on the market today without any adjustment or notice of any adjustment. the company's website should be accurate (maybe??)
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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quote:Originally posted by 66inxs: this point i was trying to make was that even though FHAL was on CVSU website, the pps was exactly as it closed on the market today without any adjustment or notice of any adjustment. the company's website should be accurate (maybe??)
Are you talking about the after hours trades? I don't know how those things link up..between a website and the Quotes...but I didn't find it "odd"
-------------------- #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
10, the merger must have gone through cuz FHAL is on the CVSU website. hopefully a good pr will come with the symbol change and this will skyrocket. the symbol change must not have happened yet however. i thought FHAL symbol stopped after trading today but i obviously dow't know.
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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The audited financials for FHAL is the hold up as far as I know...but as long as those "end up the way Rufas" thinks they will go..."It's a done deal"...I am not sure if they can make the filings on the weekend or not...but I am thinking(and hoping) by the end of day Monday those financials are ready, submitted and the S4 is submitted which would be announced Tuesday and I am thinking that there may be no trading of either stock on Wednesday, and Thursday morning...re-open and tradable as CVSU...the clock is ticking and I am looking forward to seeing the way this plays out...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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I hope everything works out for ya all, too risky for me due to past behavior.
Also from Stock lemon June 7th:
Finally, it should be noted that Stock lemon.com has never lost a lawsuit in a court of law. **********.com is going to require that public entities that invoke references to lawsuits against it must detail the facts of those cases - such as the CEO plaintiff who was indicted on 32 federal counts of wire and financial fraud and money laundering, the CEO who has served a federal sentence for financial fraud, and the CEO who was required to pay **********'s legal expenses.
[ July 29, 2006, 07:43: Message edited by: Peaser ]
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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posted
10, great link. what you said seems possible to me. it will be interesting to see how this plays out next week. if i find anything else out i will post it. GLTY !!!!!!
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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posted
it's nice to know there still a few OTHER people here that actually do their DUE dilligence instead of spreading rumors...
there's a statement made by Mr Harris in his interview that the Venezualan bond was converted to cash for 500 million$... if that is the case? i see a possible scenario where shorts are gonna be like ants under a magnifying glass in July...
did i mention i don't like shortsellers?
of course? this is rumour, but i have bought my ticket to the show and PATIENTLY await the outcome.... i have never seen so many rumors and outright lies on one stock before... the filings are what they are...
there is no way to know if the filings are lies, but if the filings are lies? then there is NOTHING you can count on the market anymore anyway....
Posts: 957 | Registered: Jun 2006
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posted
I listened to Rufus claim that he has converted the Venezualan bond into the cash on paltalk thursday morning. Cool! Huh!
Posts: 957 | Registered: Jun 2006
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Posted by: otcmoon In reply to: mastaflash who wrote msg# 21694 Date:7/29/2006 6:52:49 PM Post #of 21795
Shareholders of CVSU obviously bought shares right? Rufus said $34 is what the shareholders wanted to be valued at (pre-merger). Lets say they paid half that for them $17*48mil=816mil Thats where the money comes from. Pretty simple really.
At 9/30/05, they had assets and equity of less than $500K. Six months later, assets and equity and risen to over $800MM. Please note that the 8k financials refer to footnotes yet they are mysteriously missing; these statements are incomplete and do not constitute audited financials.
Without more information, it is impossible to know what occured. However, we can gather from the statements that CVSU somehow purchased $800MM worth of notes and bonds. The source of these funds was "Accumulated Comprehensive Other Income."
Here's a link which defines this line item: http://www.acsondhi.com/issues/comprehensiveincome.html Comprehensive income is defined as: the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.1
Thus, comprehensive income includes both net income and direct-to-equity adjustments such as: 1. Cumulative translation adjustments under SFAS 52 (AUFS, Chapter 15) 2. Minimum pension liability under SFAS 87 (AUFS, Chapter 12) 3. Unrealized gains and losses on available-for-sale securities under SFAS 115 (AUFS, Chapter 13)
So it would appear that the financial statements are trying to say that as of 3/31 CVSU had $800MM of unrealized capital gains. Remember, this was achieved over a six month period starting with less than a million dollars worth of assets. That puts even Hillary Clinton's cattle futures trading to shame. Miraculous and mysterious, isn't it. What IS clear is that there was NO CAPITAL CONTRIBUTION of hundreds of millions of dollars as you suggest.
Posts: 10729 | From: oregon | Registered: Feb 2005
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Harris said they bought up the WHOLE float awhile back...
IF they did that? and i do mean IF...
then there's a whole lotta short shares out on the street... like 10 million???
now? if they file the reorganisation papers and start trading at 15$ the shorts have no choice but to try to short more or buy back (cover).... buying back at 15$ is 150 million $
that would be pretty friggin nightmarish wouldn't it?
IMO??? that is why there is so much bashing going on...
i remember similar less volatile situations where the rumor mills were very active....
i also have seen scams run rumor mills that were very active like CMKX etc...
BUT? i have never seen anything like this....
ihub opend the thread on 5-28-06, by 6-28-06 they had 100 posts...
as of right now? 7-29-06 they have 21896 posts...
thats just feather pluckin insane... and so are most of the posts, pumpers and bashers...
this isn't really very complicated...it's a shell reverse merger... FHAL was BKRPT... the new comapny has assets that are supposedly audited... the audit is not filed...
if the comapny REALLY has the cash to buy shares on the market when it re-opens? shorty is going to be crying.....
i can't wait to see what happens...
the company is not an investment IMO.... but it sure is exciting to see this play out.. i have what i can afford to lose in it and no more ...
-------------------- 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
I believe that Rufus stated that they thought they had bought the whole float based on what the trust bought and other people they knew. According to the TA on Friday the float was 24M approx half of what was reported on FHAL's last filing. IF this is true than they were successful in buying up half the float.
Are there shorts? No way to know. Logic would say yes but this is pennystockland throw logic out the window.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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