Join Date: Aug 2006 Posts: 298 Quote: Originally Posted by mcdonae101 can someone post link to 8k, i thought i saved it
The link is in the post below:
CSHD BOOK VALUE & RESET PRICE $29.62 (by kingmack)
FWIW:
BTW, kingmac stated in the "Spin Offz Inc" paltalk room that he is a professional auditor, to the best of my recollection. He was having a great conversation with another professional auditor at the time. Fascinating stuff!
Posted by: kingmack In reply to: None Date:9/30/2006 12:29:42 PM Post #of 88686
This one Bond of 500mil that has been Audited will generate 68mil in Cash Flow alone for our Company CSHD. The 19mil in revs generated is just for 1 business quarter plus 2 weeks, 3/17/06 - 6/30/06. We generated .38 per share which if you take a P/E multiple of 20, that's $7.60 per share without book value.
Per my calculations the Company is worth right now as of June 30, 2006 $14.81 (7.21 + 7.60) per share. That's without a Multiple. This stock will reset in my professional opinion at 29.62 (14.81 x 2 multiple). I hope this helps all of you out. This is audited numbers not speculation. GLTA
Posted by: saywhat In reply to: stushy who wrote msg# 88599 Date:9/30/2006 12:07:56 PM Post #of 88688
a big company with under $2000 in the bank?? My 10 year old has more than that. remeber, dont catch a falling knife.
Posted by: kingmack In reply to: saywhat who wrote msg# 88604 Date:9/30/2006 12:21:12 PM Post #of 88688
Apparently you don't know how to read a Balance Sheet... The Company as of June 30, 2006 has in excess of 19mil in Receivable Interest from the Bonds. That's right under the Cash entry on the Balance Sheet take a look. By the way that number is Audited by an Independent Auditor by the name of Thomas Benson, see Exhibit 9.1 in the 8Ka. This Company is way undervalued.
Posted by: kingmack In reply to: None Date:9/30/2006 12:15:57 PM Post #of 88690
Audited book Value of $7.21 per share. See Exhibit 9.1 in 8Ka.
quote:Originally posted by luvforever: ok bud lol .........
Better yet go ask the guys in pal-talk also they know it but don't want to say nothing go ahead, most in there i talk to daily and they heard the same thing.. go ahead go ask Monday or tuesday the 10k will be out
Bud, no reason to argue, what will be will be. GLTY
Cassity Thank , I only tell what i know and after i got a call from a pal-talk guy. I made a call i got it confirmed by 2 sources Ben and someone else. GLTA
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Thomas Benson, C.P.A. Certified Public Accountant 4599 Mistywood Drive Okemos, MI 48864
Board of Directors Conversion Solutions Holdings Corp. A Development Stage Company 125 Townpark Drive, Suite 300 Kennesaw, GA 30144
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders of Conversion Solutions Holdings Corp.
We have audited the accompanying balance sheet of Conversion Solutions Holdings Corp. as of June 30, 2006 and the related statements of operations, and stockholders' equity (deficit) and cash flows, for the year ended June 30, 2006. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audit in accordance with the auditing standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of internal control over financial reporting. Our audits include consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosure in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Conversion Solutions Holdings Corp. as of June 30, 2006 and the results of its operations and its cash flows for the year ended June 30, 2006 in conformity with accounting principles generally accepted in the United States of America.
-S- Thomas Benson ____________________
THOMAS BENSON, C.P.A.
September 28, 2006
Okemos, MI 48864
.
CONVERSION SOLUTIONS HOLDINGS CORP. (A Development Stage Company) Balance Sheet As of June 30, 2006
ASSETS:
Current Assets:
Checking / Savings
$1,560
Interest Receivable
$19,869,792
Total Current Asset
$19,871,352
Other Assets:
UCC Security Notes ....
-------------------- This is the start of something big
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all my "professional trader" friends say 'look, i can study this stock for 3 minutes and know it's a scam' BUT i say 'yes, it's supposed to appear that way'
iow, what every seasoned penny trader/borker/MM has come to expect i think rufus is going to present... so the appearance is a scam.
but i dont think the underlying business is. i think that's rufus's ulterior motive. i think that is his trap.
which is why the greater the DD, the greater the confidence.
~BB
quote:Originally posted by JHenry: I think I've been cautiosly and optimistically positive the whole way. Wasn't exactly sure what everyone was getting so upset about yesterday (I thought OK - delay) - I think it had a lot to do with something bad almost always happens when we play these stocks and we were preparing ourselves to get really angry if this didn't pan out the way we were promised - to be let down like we usually always are.
But hey, I think we are going to have a big party soon. We'll that enough from me - Bring Out Those Dancing Girls(curtain opens)
quote:Originally posted by betting babe: RUFUS RUFUS hes our man! if he cant do it no one can!
posted
cassity - I do believe you. You've been long and strong here. I know that is what the TA has told people to.
Babe, That 3.46 transaction went through shortly after the bell yesterday. I think it was just a delayed transactions posted late from ealier in the day. I might be wrong. JMO
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posted
This is just a thought for people to chew on:
In the last interview on Paltalk, Rufus stated that there might not need to be a reset. I believe that he has carefully orchestrated this to work just the way it has. He KNEW there was a huge short position. He also KNEW that people would sell after the reset. He KNEW that the last day to file fell on a Friday, so he had until Monday. He created a trap for the shorts, by releasing the 10k extension. If we are to open Monday (possibly on the Nasdaq) at $15pps (hence no need for reset) and all the shorts need to cover, this will resolve the problem of the PPS dropping like a rock. Also, people SHOULD now see that this company is worth MUCH more than $15 per share. If people held and shorts cover the possibilities are ENDLESS. I won't speculate on how high it could go, but it may be more than we ever could have imagined. Things may not go JUST like this, but I believe that it will be very close. TUT had said you are either with or without. I believe that if you are not in this NOW, you will probably not get another chance on Monday, unless you choose to buy at $15 or above. Like I said this is my observation and opinion. GLTA
posted
I admit that my attitude went right in the dumper after the extension was filed, not because I no longer believed in the company, but because I knew what it would do to the price. I had a sell order in at $3.80 which I canceled and the drop to $2.45 ticked me off. Then the extension meant to me that it would hit under $1.00 based on attitudes of posters and experience with other promises not kept. After the 8K, I felt much better. My posts were emotional but honest.
Incidentally, thanks Glassman for your honest posts. I posted to ACTC on Ihub that I sold and was immediately flamed by longs and bashers alike. I guess they don't like honesty on Ihub.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
I don't think that we should put any faith in the after-hours numbers. It's MMs simply reporting former trades that didn't get reported in the heat of it all. Not that I think a gap up isn't possible, it certainly is, and I hope upon hope that it does. A pre-market pr explaining some things would help. Also, a nuclear bomb hitting the M-N-1 office would be nice.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
Just for clarification once again. There is no afterhours trading on OTCBB or Pinksheet stocks. What you see is usually trades that were not posted earlier in the day or a few trades that happened right at the bell. Premarket 10 to 15 minutes before the opening bell is when you will see orders that were placed after closing and before opening then the Market Makers adjusting the Bid and Ask accordingly. Right before the open on Monday is when we will see the effect of all the events that have occurred after the bell Friday. Please do not use the after market numbers to base any decisions on. They are NOT after hours trades.
The 8KA looks very good the only question will be how the investor/traders that are not currently in the stock react. Those of us who have spent the last 3 months spend hour upon hour DDing this are just finally getting to see what we expected. I still will say to use caution when it comes to investing/trading any stock. As Yogi Berra said: "It ain't over til it's over."
posted
Incidentally, thanks Glassman for your honest posts. I posted to ACTC on Ihub that I sold and was immediately flamed by longs and bashers alike.
i do not beleive in posting entry and exit prices...
at one time i did post them, but i really do not wish to influence people in the "heat of trading" it's too close to market manipulation for my taste...
first of all? i have made PLENTY of trading mistakes... and i'll make more... why should i risk affecting someone else?
as i have gained more and more experince reading L2's i began to realise that the MM's "bluff" on them too.. and each MM at each terminal is going to "play" his hand a little differently...
as a general rule? i pay attentio how NITE's MM is working his postings and try to follow how he/she is working that day...
i have tried to keep it in front of you guys from day one that Rufus is NOT playing by the rules here,
BUT?
i'm not convinced he has broken any serious/ly enough to ruin the play...
i truly want to see Rufus succeed cuz he seems to be the underdog.
BUT?
keeping the price at about a dollar for 7 weeks in the face of all the negatives? that's a sign of real strength...
there is money backing this play, and the fact is CSHD is claiming to be in the FINANCE business, right?
equating this to qbid and cmkx is just wrong...
those were diltuion plays..
even if all tose 144's were sold? that is still minor dilution...
and? a Form 144 does not garantee a sell..we usually just assume they are, but 2.5 million shares isn't that bad in 110 million OS...
especially since most of those people appear to have been retailpeople investing in a local company... we identifed some of them a their local high school reuinion.. not different from me or you calling your old buddies and saying hey, guess what....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by Doniboy: Hey Wally, how about giving me a shout out for posting that information two posts earlier? Something like "Don was right" ....LOL
Since I was typing the post as you were posting it, it was impossible to know that you or anyone else was finally reposting information regarding the Post market numbers.
But if it will make you feel better, HEY EVERYBODY DON WAS RIGHT, did I shout loud enough?
posted
I feel moderately better, but you could have expounded upon my suggestion by adding "Hey everybody, Don was right, and I heard that he has exceptional personal hygiene".....but I guess I'll take what I can get.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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quote:Originally posted by Doniboy: I feel moderately better, but you could have expounded upon my suggestion by adding "Hey everybody, Don was right, and I heard that he has exceptional personal hygiene".....but I guess I'll take what I can get.
Sorry, but My DD skills seem to lacking today. I was unable to come up with any source that verified your claim of exceptional personal hygiene. I will keep looking though and if able to find third party corroboration I will post it.
quote:Originally posted by Livinonklendathu: Wally - I had a little time for the Doni DD, no links on personal hygiene but I did find a recent picture:
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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quote:Originally posted by betting babe: I'm still fuzzy with the setup but my understanding is that Rufus & Ben's originating Trust behind Waatle Holdings was Songwi.
Which then merged with William Tay's corporation Conversion Solutions.
Scottrade has NOT placed CSHD on any restriction list as of today...
FWIW...
i bet they are hoping to get a few of the upset AMTRD customers....
i do believe that is what has motivated some of the sour grapes people
Glass: Have you seen the new Scottrade commercial where he says something like this at the end..."if your looking to leave your current brokerage company, come to Scottrade"? It started right after AMTD stopped allowing it's customers to buy shares of CSHD. I thought that was interesting since they were short approximately the same amount of shares as AMTD.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
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