quote:Originally posted by glassman: The last day to file for a ext. was friday and the deadline is monday for the 10K. They wanted to be safe.
this is true...
they were actually supposed to have it in on Thursday,according to the calendar posted by the SEC, but if the SEC started chitcanning every company that was a few hours late? we'd have a meltdown on Wall St...
The word bate means 'to moderate; restrain' or 'to lessen; diminish'. It is an aphetic shortening of abate--aphesis is the loss of an unstressed initial syllable, as in lone, from alone, or cute, from acute. So with bated breath means 'with the breath restrained or made gentle, as from excitement', and hence 'in a state of suspense'. Remember "to abate one's breath" and it'll make more sense.
Now thats good DD.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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quote:Originally posted by 10of13: I found this to be an interesting post from Ihub...not sure if the guy is for real but ...interesting...and might explain why we see so many of the 144 filings
Yea, the 144 thing is getting out of hand as well. I actually spoke with someone on the 144 list and blatently asked him if he filed because he was leary about this all coming together. He was NOT an insider, just a "seed money" contributor. He said he might sell a few next week depending on the pps but plans to hold most for $100+. So far he has ONLY sold shares he bought in the open market. Again this is only word of mouth here but i believed qhat he was telling me.
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posted
Form 144: Intention to Sell Restricted Securities Form 144s must be filed as notice of the proposed sale of restricted securities. Restricted securities are those that are acquired directly or indirectly from an issuer or an affiliate in a transaction (or chain of transactions) not involving a public offering.
Not all Form 144 filers are insiders. Any entity owning restricted stock must file a Form 144 prior to selling the restricted stock. Any insider who files a Form 144, must file a Form 4 if and when the sale is completed. To determine if a given filer is an insider, you may click on the insider name. If the individual is listed as a shareholder, he or she is not an insider.
An insider may file a Form 144 and not actually complete the sale. If the sale was completed, the insider should have filed a Form 4, indicating the transaction was completed.
The Form 144 must be filed prior to, or on the approximate date, of sale. Insiders are governed by SEC regulations when they file a Form 144. The following considerations should be kept in mind when you are searching Form 144s. These considerations apply to insiders only - see the above definition (not shareholders or restricted stock owners):
* The filing of Form 144 is not required in any case where the amount of stock to be sold during any three (3) month period does not exceed 500 shares and the aggregate sale value does not exceed $10,000. * If the seller does not sell all the stock covered by the form within 90 days after the filing, the filing process must be repeated before the commencement of further sales, except in cases where the passage of time has extended the seller's holding period.
A Form 144 appears as a "Planned Sale" on the Yahoo! insider pages. Form 144 filings only include estimates for the sale proceeds, since, by their nature, they don't entail an actual transaction. In the event that the Form 144 is acted upon, the filing is replaced with the actual transaction along with the realized proceeds from the sale.
An insider may file a Form 144 and not actually complete the sale. If the sale was completed, the insider should have filed a Form 4, indicating the transaction was completed.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
Come on folks...let's just ignore the issue and move on.
Everyone here knows that if your resort to anonymous ids when posting out of fear of your credibility you really had no credibility to begin with.
I did not engage in the Dr conversation and had not read it until this morning.
He was not treated unfairly. Once you are told something you brought up was heavily discussed in July you need to go back and read the discussion before trying to promulgate your point.
Saying things like you did not DD a stock before dropping 100K in it and then noting you can afford to lose 100K but suddenly are concerned for your play doesn't make a lot of sense.
I have repeatedly held out that this stock play could be a scam and could still fall apart. NEVER ONCE have I been ridiculed for that position here. Eyes open is a good position.
We still could get taken to the cleaners. But if each of us has remained loyal to the protect capital, protect profit mantra this becomes a less stressful play.
For those reasons people like repo, bud and the Dr. playing the interlopers on the thread are more annoying for the noise they create than what they do.
We could still lose on this play. We might have made more money cycling like repo. Trade based on your game and abilities and risk what you can afford.
BTW, none of you have any reason to trust me or anything I say. I can and will be wrong at some point. Mitigate your risk to accepted levels.
One last word to the Dr. Your PHD means you have credentials (if you prove you have it). It does not provide credibility. That, you have to earn. Sometimes you need to listen rather than having a one track mind needing to promulgate your point. Go back and read the extensive DD here at allstocks on the points you have brought up. Then come back and ask questions or address something you felt was not addressed. Obviously, your tactic to date is less than proper.
-------------------- - "Pay it Forward"
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Rufus stated about a week ago in the forum that most of the "insiders" havent been insiders for some time. they are leftovers. they got in reaaaal low. like fhal-shell low.
now given what i read below, if i was an insider holding from the "old seed-money days" i, too, would be filing my form 144. i cant believe if these insiders got in at .05 cents or so that they HAVEN'T sold! they must know that something bigger is coming...
don't YOU want to sell? well why shouldnt they?
as long as there are institutions/new investors to jump in to buy your shares then it's all fine.
and if the 10k supports the higher pps, that will happen.
~BB
quote:Originally posted by fhalyesss: Lets break this down for all those strugging to grasp the basic concepts:
The bonds are not real/owned by CSHD?
On March 15, 2006, the Company acquired full ownership of Global Bonds issued through the Republic of Venezuela with an issuance date of July 31, 1998 and a maturity date of August 15, 2018. The principal amount of the bonds is $500,000,000 USD with a fixed interest rate of 13.625%, computed on a semi-annual basis. The applicable identification codes are as follows: Common Code - 008975540; CUSIP - 922646AT1; & ISIN Code - US922646AT10. The first interest payment is due on August 8, 2006, in which interest receivable and revenue have been properly accrued, to the holders of the bonds (the Company).
The financials are not audited?
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
CSHD has not got any cashflow?
The Company is the holder of a UCC Security Note (valued in excess of three hundred million USD), which was obtained as part of the merger with Waatle Holdings Corp. on June 17, 2005. The UCC Security Note was properly assigned to Waatle Holdings Corp. (assignee) on April 15, 2004 to be effective on May 27, 2004 from another company (assignor) in exchange for agreed upon consideration. The UCC Security Note is free and clear of all liens and encumbrances and the company has clear and marketable title to the assets securing the note. The assignor is a corporation organized and existing under the laws of the State of Washington and in good standing under the laws of such State. The value of the UCC Security Note is double collateralized, first by a federal judgment issued and second, by real property holdings appraised in excess of sixty million USD. The real property has been properly recorded as required by UCC Security statutes perfecting the interest of the assets, in accordance with the laws of the appropriate jurisdiction. The value components of the notes are as follows: $172,299,000 in principal and $137,839,000 in interest computed at 10%. The security note has a Certificate of Standing properly filed and recorded providing verification that there are no liens or other encumbrances against the note, and it is fully owned by the Company.
Total audited assets up to 30th June 06 $811,478,487
Lets keep bumping this page up for the benefit of newbies and skeptics alike!
posted
i think the PR will say "hey gang, never mind that extension dated 2005, here's a nice spankin new 10k for your monday morning" ~BB
quote:Originally posted by St. Matthew:
quote:Originally posted by GreenDay: It seems that with each 8k in the past we got a PR. I wonder if we will get one to go with Friday's 8k or the extension?
Greenday: I thought about that also...but I think in this case, he does not want to play that card. He is playing poker and it's very late in the game. He does not want to show his plans, which I believe are to move to the Nasdaq on early next week. I'm sure he wants to make us feel better, but knows doing so might jeopordize his next move. JMHO.
posted
Hey Portman, you may have to re-post the portion of the AUDITED financials that says that we do in fact OWN the bond. Obviously, some (Neptune and company) have a hard time READING. Moderators, can we please keep the nonsense outta here. Thank you
quote:Originally posted by cassity: Hey Portman, you may have to re-post the portion of the AUDITED financials that says that we do in fact OWN the bond. Obviously, some (Neptune and company) have a hard time READING. Moderators, can we please keep the nonsense outta here. Thank you
They just choose to ignore the 8KA and that particular information. It's much easier than dealing with it.
posted
maybe they're being pessimistic, just like me.. even if the evidence (8K) points to an upward direction, I'm still worried as heck about the coming week, b/c this is a penny stock and we're still on the BB, and that MM's are all-powerful, and personally, I wouldn't mess with them.. I just hope this incident will be a historical turningpoint for the battle against these crooks.. Monday is suddenly so far away..
posted
G’D Afternoon board……been reading in catch-up mode for the last 10 pages and taking note of the various postings by a couple of posters that I have not seen on this board until the last couple of days, and I am compelled to note to this board’s contributors and readers my reaction in this way…
First, I’ll re-print my post from Friday morning (posted 2006-09-29 11:34) after reading several posts by some guy that liked to run around naked while postulating fairytales…..I said “Okay....Here is my take...if a person starts posting on this thread (who I have not seen post on these CSHD threads), I am going to deduce that this new poster has an agenda and is most likey a basher trying to work the bad guy's medicine. I opine to not give such a poster any credence, nor the time od day, and will ignore them. I do not want any of the bashers to get rewarded by engaging them in a posting exchange of messages.....I only want them to burn like I want the MM's and behind the scenes entities who have engaged in naked shorting to also burn..... If these bashing posters get too obnoxious (perhaps I should say toxic), let Glassman or another moderator get out the ban stick and go to it.....nuff said!”
Second, now I’m reading “stuff” from a couple of new posters that have just showed up this weekend.
Third, I read postings (which are reasonably written to thereby ask these new guys for additional data) from regulars on this thread that were not adequately answered.
Fourth, I PM’ed a regular contributor to this thread last week expressing (among several thoughts) my concern about what “shape” the bad guys (bashers, naked shorters, etc.) would take in the next several days to put pressure on CSHD. I am not going to name the contributor (unless he gives me permission) in courtesy to him, but I included in my PM to him some thoughts about Brokerages and MM possibly relying on insurance as a tool in their arsenal as they attack the stock to cover their air-shares.
Fifth, I am coming to the conclusion that a very subtle basher presence has shown up here on the CSHD Allstocks thread in an effort to deflect our energies and efforts away from doing DD and analysis on the information from the filings that are coming out as this play comes to a head (in this chapter of the formation and growth of CSHD); as well as to antagonize and attempt to create doubt and to spread innuendo that might shake lose long positions being held by believers in the potential rewards in this play. I’ll opine that this subtle bashing presence is one of the “shapes” that I referred to in my fourth point above. If I am close to being right, then it would seem to me this thread’s achievement in doing solid work in DD efforts has represented a threat to the bad guys and this subtle bashing may be one of the bad guy’s chosen tactics to sidetrack our energies.
As such, I only encourage the good folks that post on this thread and/or read the postings here, to continue doing your own DD to reach you own conclusions, and to continue to be healthy skeptics in your search for answers to questions that arise, and to validate the representations made by the management of CSHD, before you make any decision to place your capital into the market. ......Still antcipating the next PR and 10-K...
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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posted
I’ll opine that this subtle bashing presence is one of the “shapes” that I referred to in my fourth point above. If I am close to being right, then it would seem to me this thread’s achievement in doing solid work in DD efforts has represented a threat to the bad guys and this subtle bashing may be one of the bad guy’s chosen tactics to sidetrack our energies.
i take the bashers as a compliment to the allstocks community here...
i have re-read the weekneds posts acouple times, and the only real nasty stuff i could find was coming in on Friday aftenoon by some buffoon called naked shorting myth..
that poster's credibility was immediately suspect by the nature of their name.. the SHO list is real...
i don't know about other peoples PM's but i do know we have dismantled every peice of DD we could address here and posted our concerns honestly...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by lostone: maybe they're being pessimistic, just like me.. even if the evidence (8K) points to an upward direction, I'm still worried as heck about the coming week, b/c this is a penny stock and we're still on the BB, and that MM's are all-powerful, and personally, I wouldn't mess with them.. I just hope this incident will be a historical turningpoint for the battle against these crooks.. Monday is suddenly so far away..
I agree with using caution, but this is NOT a pinksheet stock. OTCBB and pinks are to different animals. Rufus has made some pretty outrageous claims over the past several months and NOT once has he let us down. (so far) People are so focused on the 10k that they have failed to notice the HUGE 8k/a in front of them. This information IMO is exactly what Rufus was going to use in the beginning, but had more huge deals fall into his lap. I trust Tut in the fact that he has said this is just the beginning. Think about what is to come. We might only be nibbling on the smallest portion of this deal. To those who continue to say that Rufus has never been successful at following through I laugh! How do you know he hasn't been waiting for the PERFECT time and opportunity to complete his plan. This week IMO is IT. There are very reputable individuals dealing with this company and for so many to risk their careers and reputations to make a quick buck of of pennystock players, my sense tells me "I don't think so". I can't wait for this week! GLTA and may we bless someone else with the blessings afforded to us.
holds a PhD in economics, knows where to find the form 144s but doesnt know anything about the bonds or the 8k?
bold enough to call Conversion and identify himself but too shy to make an aliased post on this board?
plunked down $100g on a stock but doesnt know what the assets are?
and the other guy: dude, you're hiding behind an aliased alias? LOL!!! better go thru a virtual IP as well, in case the boogey man jumps thru the computer to get ya!
get back to me when you have identities, DD or preferably both.
tho hey IMA? we dont actually have to post a person's real identity on the board eh?
posted
You can think of major stock exchanges such as the New York Stock Exchange (NYSE) and the Nasdaq as exclusive clubs. To get listed on a major exchange like the Nasdaq, a company must meet the minimum standards required by the exchange. On the Nasdaq, for example, a company must pay a $5,000 application fee before its stock can even be considered for listing, and it can expect to pay at least $100,000 in listing fees if successful. As for other requirements, companies must meet minimum standards such as minimum stockholder's equity and a minimum number of shareholders, among many other things. Turning again to the Nasdaq as an example, a company must have at least 1.1 million public shares outstanding worth a total of at least $8 million and a share price of at least $5 per share before it can be considered for listing on the exchange. There are numerous other rules that apply, but until a company reaches these minimum thresholds, it has no chance of being listed on the Nasdaq. Similar requirements exist for the NYSE and other reputable exchanges around the world.
If the company isn't at $5 how its it going to get listed?
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posted
Hi everyone. Just wondering...do you think 10k is likely to come out prior to open or during the day? I know nobody knows for sure, just trying to get a pulse of what everyone's thinking.
posted
I really haven't formed an opinion, although I think Monday is going to be a big day - in one direction or the other. My gut says up. The timeline Rufus gave us said another PR and the actual 10K before the reset. Now, he may not have intended the financials to come out like they did in an 8K, so all bets are off on that accord.
I do think, because of the way (timing) the extension was filed, and the 8K after close, it wouldn't surprise me to really see him go after the shorts with the 10K and a reset very quickly to follow. The shorts covering alone would have to make the price go higher, I would think, and that is what he wants.
If we knew exactly why the extension was filed, I would have a more definitive position on the subject....just hope it is a good week for all!
-------------------- Study before you buy, Sell before you think about it....
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quote:Originally posted by Doniboy: What did Ben have to say Bud?
What i told you on this board the 10K is done and will be out early this week, they played it safe with the ext. in case they didn't have it in the right form to file to the sec. But they where working all weekend to get it finshed by monday. The last day to file for a ext. was friday and the deadline is monday for the 10K. They wanted to be safe.
I really really hope you're right-hope that when they said on the phone that the 10k would be done by Monday, the meant the 10-k and not the 8-k we got friday. Speaking of the bond, the 10-k will be the surefire answer to that question.
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quote:Originally posted by cassity: Hey Portman, you may have to re-post the portion of the AUDITED financials that says that we do in fact OWN the bond. Obviously, some (Neptune and company) have a hard time READING. Moderators, can we please keep the nonsense outta here. Thank you
I didn't ignore the fact that it said the bond was purchased in 500 mill cash by the company-I acknowledged it. The only thing I question is where that money came from and where a majority of the interest money is going...
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quote:Originally posted by AC: You can think of major stock exchanges such as the New York Stock Exchange (NYSE) and the Nasdaq as exclusive clubs. To get listed on a major exchange like the Nasdaq, a company must meet the minimum standards required by the exchange. On the Nasdaq, for example, a company must pay a $5,000 application fee before its stock can even be considered for listing, and it can expect to pay at least $100,000 in listing fees if successful. As for other requirements, companies must meet minimum standards such as minimum stockholder's equity and a minimum number of shareholders, among many other things. Turning again to the Nasdaq as an example, a company must have at least 1.1 million public shares outstanding worth a total of at least $8 million and a share price of at least $5 per share before it can be considered for listing on the exchange. There are numerous other rules that apply, but until a company reaches these minimum thresholds, it has no chance of being listed on the Nasdaq. Similar requirements exist for the NYSE and other reputable exchanges around the world.
If the company isn't at $5 how its it going to get listed?
quote:Originally posted by Neptunetrader94: http://www.st o cklemon.com/files/THEBOND.pdf
it's that minus the spacing, I don't feel like looking it up by Cussip, but if anyone wants to, feel free. I'm off to the library for some studying...hopefully someone cracks down on this bond thing? Hope I'm wrong....maybe the doc will come back and give us his phD insight...who knows?
So, your DD has lead you to identify this gif as the unquestioned copy of "the bond". Interesting.
-------------------- - "Pay it Forward"
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