posted
StM. Well if TDA isn't reeling in the shares to cover their butts by Wed, then perhaps the grapevine told them they have till the 29th (friday), so then "MAYBE" that is why they are pushing it down hard now to confuse shareholders and shake more shares and start their buy up at a low PPS and not at over a dollar...
posted
Gonna have to agree Chart...looks like we will have plenty of time to "grab more" shares.... Was hoping that at least this would move up this week...but doesn't look that way...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
IP: Logged |
posted
Chartman...unless there just are not many shares out there right now. They can't buy whats not for sale...right?!?! That's what I am hearing. I am hearing that when people are selling shares, they are snapped up right away, but when people are buying (which I did yesterday on Scottrade), it takes a little while.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
quote:Originally posted by dog: There will come a point when their (MM's) agreement breaks down. Then it's every MM for himself......
That should come after the true short position is revealed. The shares cshd and others have bought to cover the float look like market shares presently. The nobo list will clarify it for everyone.
IP: Logged |
posted
Chart... I agree with one thing. That thoses are ""JUST THOUGHTS"" I don't think anyone knows when this 10-K will be out. I have not heard anything convicing yet other than we have a "Merger Completion Date" on Wednesday afterhours, and without a NT 10-K (extention request) the 10K is due by Sept. 30th.
Now since I mentioned the dreaded NT 10-K I will elaborate. I do not think they can file a NT 10-K based on "strategic" 10-K release goals, but they could based on delays caused by a recent Auditor change. Like I implied yesterday though, this would be a very stupid thing to do at this point based on share holder patientce todate and controversy surrounding this merger.
I have been very patient todate, but have watched several other good companies over the last month with actual filed financials make great forward progress in share price. I am sure I would keep some money invested here for a potential "astronomical" gain if I left for other investments of less risk. But alot of my own confidence in this company's ability to follow through would be lost. And I am talking "Long" term confidence. Especially if they can not hit the Sept 30th SEC deadline after grossly missing the projected PR'd date of August 1st. I know "grossly" is a strong word, and I know the alluded "Beyond our control" reasons for the missed dates, I am just saying in business if you make date estimates and hit them you are alot more valuable in my book. If you miss them then you set the next possible date and hit it. You do not screw around till everyone knows you are late and then ask for extention and rule changes based on your ineptitude.
With all that being said I have always been expecting the 10K on Rufas's time line not the MM's. And I have always been anticipating it "yesterday"... but today I honestly can say I am expecting it tomorrow (late day) so they can get on with this merger completion and the reset. I know Rufas must be "biting at the bit" (horse lingo) to get this thing done and start working on funding deals with his new funds, and horde of JV's.
posted
Given the 8-K and PR of last Friday, at the very least there should be a PR tomorrow announcing the status of the merger's completion and an update on events since Friday......
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
IP: Logged |
posted
I would guess we should have an eod run. If the merger is complete at the end of trading today..."maybe" it will be haulted at eod today. Then it will reopen at reset price of 10k sometime between tomorrow and the 30th. This is JUST me wondering - not a fact.
IP: Logged |
posted
Before someone says it I will say it... No, they do not need to have a 10-K for "Merger Completion" they need it to show book value and garner support for greater PPS value, something necessary for price reset. "Merger Completion" 10-K, SB-4, PR city... We have several significant events in our near future and few require the next to reach the whole.
quote:Originally posted by BuckyBarnes: Given the 8-K and PR of last Friday, at the very least there should be a PR tomorrow announcing the status of the merger's completion and an update on events since Friday......
I believe there should be some sort of announcement of the "Merger Completeion" If we are lucky, this PR will deliver glimps of a before and after picture of the company's whole value. Like "FrontHaul was this much in debt", now following name change and merger "Conversion Solutions Holdings Corp." is this big and debt free. A good PR on the merger completeion could spark a portion of the price correction we are all wanting.
quote:Originally posted by GreenDay: I would guess we should have an eod run. If the merger is complete at the end of trading today..."maybe" it will be haulted at eod today. Then it will reopen at reset price of 10k sometime between tomorrow and the 30th. This is JUST me wondering - not a fact.
I suppose that "Haulting" the trading as of EOD Wednesday is a possiblity...and then wait for the reset of the "new PPS"...when ever the 10K might be finished... Again...just thoughts...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
IP: Logged |
quote:Originally posted by Chartwalker: "But why in God's name would TDA NOT be covering more?"
That's the only thing that bugs me....
I mean to SHUT DOWN buying and say you can sell and we'll even sell them for you "free" -no commission?!!..
-what is going on?!
You know I wondered the other day why we haven't won the war on terrorism yet. Then I thought about it and realized that it just isn't that easy to picture their side of the fight, when you don't understand it. How can we all see the whole picture.
TDA may be hoping for a sell-off, they may even enjoy a run. Eventually someone is going to sell for a flip and realize they can't buy back in. TDA collects the shares and even at a high price of $2, at least it isn't $54. I have to believe that there is something on TDA's side that I just don't understand and won't because I am not in the buisness.
Who knows they may be as clueless as you and I and have no idea of the "Merger Completion Date"... I highly doubt this... they started this policy a few hours before the merger completion date PR. They knew something, I just don't know if they know Rufas's time line.
posted
Just my thoughts. If the 10k is as good as we're all hoping/expecting, then I would suspect that there would be some time of halted trading after the 10k to give people some time to take it all in. That might reduce some of the crazy selling that would go on with something like this. Giving people time to "absorb it all" sounds like it would smooth things over a "bit". Just my thoughts.
IP: Logged |
posted
Here's my guess...but I hope I'm wrong. All of this is my opinion and just a wild thought!
I think there won't be a 10k tomorrow and the bashers will come out saying the sky is falling because the 10k didn't come out when the merger was done. TDA might be waiting on this (or even looking to orchestrate something with this). We might even hear from our buddy and pal Tim Miles as well .
IP: Logged |
posted
Vin - kinda why I was thinking it would be a late day thing if it was to happen tomorrow. Usually 10-K's that contain less than wonderful news are held till afterhours. It could be confusing if they do that. Early in the day means people are trading up and down while they are trying to absorb it all. No, I think late day would give a bit of a panic buy and the greatest amount of flexibility if they wanted to halt for additional days to achieve a reset and PR highlights from the 10K.
posted
Then again the 10-K could be anytime from now till Sept 30th at Midnight EST. Unless they release that dreaded extention. I just want the "Merger Completion" announcement tomorrow. I hope Rufas keeps his "things will be moving quickly from this point" remarks close to heart and follows an annoucment with more action but who knows. The slow motion hasn't seemed to hurt them too bad just yet. I would say he has successfully shaken any volitile shareholders from the tree at this point. (With the exception of SherriT and Uncle Smelly of course they just keep comming back.)
posted
..wouldn't hurt to get a little deeper into the green so that when we take our "five minutes before closing" plunge, we can break even!
IP: Logged |
posted
Like already discussed, an extention would REALLY test the patience of everyone...probably too far. It's really amazing that for many people who didn't plan on being long on this, are still holding as strong as they are, especially in light of all the games that have been played. Personally, I think that extention = HUGE selloff.
IP: Logged |
posted
Would there be more to this than boredom? Doesn't Rufus need at least one MM to support the pps after a reset? Why would ARCA have this up right in the rumored reset range? Could ARCA be onboard with him? Conspiracy theorists enlighten me...
quote:Originally posted by 10of13:
quote:Originally posted by dog: ARCA with 350 block at $50.
He was at $55 last week...LOL
-------------------- One shot - One kill.
IP: Logged |
posted
If all of yall think an extension would trigger a huge selloff (and I too think it would)...then I predict that sour-street might just put a NT 10k for CSHD up on his site tomorrow that he somehow got a hold of. Probably wouldn't be too hard for him to forge one of those up and PR it.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
applies in many ways)
![[Smile]](smile.gif)
![[Frown]](frown.gif)
.
![[Big Grin]](biggrin.gif)
of course they just keep comming back.)
