quote:Originally posted by 10of13: Tax? It said ALL that? I must have got a different copy...LOL
Just teasing...
According to the PR the other day the NOBO was the only thing holding the 10K... and the Merger Completion was dependent on it too.
"The Official Merger date has been set for Wednesday, September 13, 2006 at the close of the trading day. At that time the corporation will receive the Non-Objecting Beneficial Owners (NOBO) from ADP Automatic Data Processing Inc. located at 51 Mercedes Way Edgewood, NY 11717 allowing the conclusion of the FHAL shareholder list for the completion of the Audited 10-K."
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
| IP: Logged |
quote:Originally posted by 10of13: OK..Tax...wasn't it you that said "we" needed a new thread? What the title going to be? Tex or Glass...can we just change the Title on this one?
quote:Originally posted by dollar13: I guess tomorrow we'll see this ?
BID at 41.93
ASK at 41.93
or not yet?
hey dollar... i'm not trying to pump this... but according to that pr the "book value" is 41.93... and rufus made it clear he wants to go 2 times that... so we now went from 15 to 25 to 54 and now to 83.86 this is also listed in the pr just so you don't take my word for it, "A market analyst concludes this stock may be conservatively valuated at 2x its book value"
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN? Posts: 600 | From: CO, WI, contracting in Iraq... | Registered: May 2006
| IP: Logged |
quote:Originally posted by 10of13: Tax? It said ALL that? I must have got a different copy...LOL
Just teasing...
According to the PR the other day the NOBO was the only thing holding the 10K... and the Merger Completion was dependent on it too.
"The Official Merger date has been set for Wednesday, September 13, 2006 at the close of the trading day. At that time the corporation will receive the Non-Objecting Beneficial Owners (NOBO) from ADP Automatic Data Processing Inc. located at 51 Mercedes Way Edgewood, NY 11717 allowing the conclusion of the FHAL shareholder list for the completion of the Audited 10-K."
and, yet, again Rufus follows through (crazy or not)
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
| IP: Logged |
And figures that I won't be around for the open...
10, even worse for me . . . I won't be around at all tomorrow - I can already anticipate the anxiety
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
| IP: Logged |
quote:Originally posted by Vin: totally off topic....
MT, what happened to your poor Pack last week?! Vin says...Da Bears!
Vin, to make things worse - I went to the game . . . thank God for alcohol. One redeeming factor is that I have the Bears' defense for my fantasy team Boy, talk about love-hate!
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
| IP: Logged |
posted
holy cow that was alot to catch up on, lol...
jeese...I get busy all of the sudden and something exciting actually happens...i always miss all the good stuff, lol...classes are kicking my ass...
sorry nothing really to add...
on a completly unrelated note...does anyone know if NASDAQ compliance officers are allowed to trade?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
| IP: Logged |
posted
well, i have to catch up, but PR just before midnite (in text form)
Conversion Solutions Announces the Completion of the Merger With the Fronthaul Group
KENNESAW, Ga., Sept. 13 /PRNewswire-FirstCall/ -- "As of 4:00 p.m. EST time today (September 13, 2006), the much anticipated merger between Conversion Solutions Holdings Corp. and the Fronthaul Group has been completed. We at Conversion Solutions Holdings Corp. are diligently working to complete and process, in the short term, any and all additional filings and submissions required as we move forward as a new vibrant company. We thank every one of our loyal share holders for their patience over the last sixty days as we have battled to overcome many obstacles, many of which are now being brought out into the light of day. Please rest assured that our staff has put its collective best foot forward in the past and shall continue to do so in the future, no matter what hurdles we may encounter," announced Rufus Paul Harris, Chief Executive Officer of Conversion Solutions Holdings Corp. (OTC Bulletin Board: CSHD), a Delaware Corporation. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward- looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
quote:Originally posted by betting babe: wait- wheres the latest PR? is it listed? the merger?
1st PR... Conversion Solutions Issues Statement on TD Ameritrade Wednesday September 13, 7:38 pm ET
KENNESAW, Ga., Sept. 13 /PRNewswire-FirstCall/ -- The following statement is being issued by Rufus Paul Harris, Chief Executive Officer of Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), a Delaware Corporation. ADVERTISEMENT
Depending on who you speak to, the events of the last thirty days could be the beginning of the end for a trading dynasty. The "Short" selling of Conversion Solutions Holdings Inc. (OTC Bulletin Board: CSHD - News) company stock by a once loved and respected trading house may have sealed that company's fate as it is now perceived to specialize in "Shorting" OTC Bulletin Board stocks.
Short selling of OTCBB stock is legal, and is used by some companies to create liquidity where there is none. Why would a stock be stagnating, you may ask? In some instances anticipation of an upcoming 10K or a price reset might cause a company's share holders to sit tight and hold for a time. Companies that participate in the practice of "Short" selling either: buy their positions out of the market or go bankrupt.
Conversion Solutions Holdings Inc. has filed 8K documentation, announcing nearly 2.6 billion dollars in assets and yet TD Ameritrade (and their subsidiaries) continue to sell shares they don't own, or have the ability to borrow. TD Ameritrade responds not by buying the stock out of the market, to cover their "Shorts," but by refusing their customers their legitimate right to buy more OTC Bulletin Board: CSHD stock. Some Conversion Solutions Holdings Inc. supporters have shared their thoughts and feelings on the forum http://www.**************.com, many of whom vow to press litigation against TD Ameritrade for not allowing them to purchase more CSHD stock. This stock has been on regulation SHO for 25 consecutive days and it has been confirmed that it has been "Shorted" by an objective "Third Party." To peruse this information please visit http://www.**********, they assert, "the 'Shorting' is over...16,000,000 shares with others estimating the 'Shorting' to be as high as 60,000,000."
Currently, the Company has 62,000,000 shares outstanding, and simple calculations would assess a current book value for this company, as of today, at approximately $41.93 per share. Then the sum, when multiplied by a minimum of 16,000,000 shares shorted, comes to minimum of $670,880,000. A market analyst concludes this stock may be conservatively valuated at 2x its book value ($1,341,760,000) or put another way, about 4 times greater than TD Ameritrade's last year's net profit.
Some of TD Ameritrade's clients are already requesting their stock certificates in fear that TD Ameritrade may go under. They are moving their shares to other trading houses that they believe to be less likely to short this stock.
As Conversion Solutions Holdings Inc. nears its 10K due date (September 30, 2006) its share holders should look positively on the actions of their Chairman and his Board and their corporate wide confidence should be reflected and rewarded by ever increasing share values. Having said that and looking back on the events of the last thirty days I can say with certainty that it should be an interesting, but profitable ride for any person who wants to get on board to make the trip by supporting their company for the long haul.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
2nd pr Conversion Solutions Announces the Completion of the Merger With the Fronthaul Group Wednesday September 13, 11:14 pm ET
KENNESAW, Ga., Sept. 13 /PRNewswire-FirstCall/ -- "As of 4:00 p.m. EST time today (September 13, 2006), the much anticipated merger between Conversion Solutions Holdings Corp. and the Fronthaul Group has been completed. We at Conversion Solutions Holdings Corp. are diligently working to complete and process, in the short term, any and all additional filings and submissions required as we move forward as a new vibrant company. We thank every one of our loyal share holders for their patience over the last sixty days as we have battled to overcome many obstacles, many of which are now being brought out into the light of day. Please rest assured that our staff has put its collective best foot forward in the past and shall continue to do so in the future, no matter what hurdles we may encounter," announced Rufus Paul Harris, Chief Executive Officer of Conversion Solutions Holdings Corp. (OTC Bulletin Board: CSHD - News), a Delaware Corporation. ADVERTISEMENT
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
yeah i was kinda thinkin not a bad thing to print out the account rite about now... kinda like i did when FHAL changed to CSHD.
Posts: 2651 | Registered: Apr 2004
| IP: Logged |
quote:Originally posted by betting babe: yeah i was kinda thinkin not a bad thing to print out the account rite about now... kinda like i did when FHAL changed to CSHD.
but printing out would make it legal for court case? hrrm.. well, i'll go ahead and print out.. but i hope TDAM is not stupid enough to do something that stupid.. =\ i mean, especially with Rufas calling them out like that.. but hopefully we'll see above 2 bux tomorrow!
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
| IP: Logged |
posted
This is crazy... I just wish the market was open for all of this... I might have been wheeled off on a stretcher from a heart attack at this point but it would have been worth it.
Chart... didn't you say a friend of yours sold 80K today. Hmmm wonder what he is thinking? Woopee!, or Awe Chit!
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
| IP: Logged |
posted
im looking it up. i dont know what SIPC is, but he said it is like FDIC and it says what they are liable for...
and that tomorrow i should call to speak to the reorg dept after 9am.
he was totally hostile. as was i!!!
and i am totally pizzzzzzzed.
edit: OMG? as if to feed the frenzy, for a customer service rep to even point me to the SIPC in response to the PR? that is scary! ...calling back, i didnt get his name.
Posts: 2651 | Registered: Apr 2004
| IP: Logged |
quote:Originally posted by TaxBack04: This is crazy... I just wish the market was open for all of this... I might have been wheeled off on a stretcher from a heart attack at this point but it would have been worth it.
Chart... didn't you say a friend of yours sold 80K today. Hmmm wonder what he is thinking? Woopee!, or Awe Chit!
Actually, it was dogs friend that sold shares today. I suspect he will be paying attention in the morning for an entry point.
Posts: 2308 | From: Michigan | Registered: Jun 2006
| IP: Logged |
quote:Originally posted by betting babe: im looking it up. i dont know what SIPC is, but he said it is like FDIC and it says what they are liable for...
and that tomorrow i should call to speak to the reorg dept after 9am.
he was totally hostile.
and i am totally pizzzzzzzed.
Theres nothin like a snotty customer service rep discussing your money like its dirt. They are going to get sooooo much bad press for this IMO.
Posts: 2308 | From: Michigan | Registered: Jun 2006
| IP: Logged |
posted
"SIPC is an important part of the overall system of investor protection in the United States. While a number of federal, self-regulatory and state securities agencies deal with cases of investment fraud, SIPC's focus is both different and narrow: Restoring funds to investors with assets in the hands of bankrupt and otherwise financially troubled brokerage firms. The Securities Investor Protection Corporation was not chartered by Congress to combat fraud. "