posted
My computer temporarily crashed and couldn't pick up more until it went back up to .96.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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quote: the shares have to be bought back by whoever shorted them... sooner or later...
It's the later... and how much later I am worried about. It is always a question of whether the investors can be as patient as the shorts.
Personally, I hate hearing "the check is in the mail." but yet I'll wait for it.
Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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quote:Originally posted by glassman: why would he be arrested? did i miss something?
securities fraud. He went to the dark side.
Maybe even slander. His ranting may have caused people to sell and affected the market. Gave out "insider" info. CSHD had to distance themselves from him... not the other way around like the Dr. says.
quote:Originally posted by dog: heya glass... a resilient bugger isn't she?
Throw chit at her and it becomes fertilizer.
Do you think Rufus is the real deal?
Rufus still faces more challenges...
i have said before that i don't like him posting online, and the paltalk stuff...
on the other hand? i don't like shortie either...
i suspect Rufus has the finacial backing he says he does, or the PPS would already be back to a nickel... i don't beleive the only people buying this up are us retail joes/janes... i have no evidence to support my suspicion tho..
i read thru the old FHAL stuff.... before Rufus came along...
there's cash behind them too....IMO? that's why Rufus kept them...
"real deal"? Rufus says his company is: About Conversion Solutions Holdings Corp
CSHD is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at www,cvsu,us.
it looks like they have stood up to an assault in this cash range so far...
as far as dealing with the NS? i have no clue how Rufus will force them off the short position...
SPECULATION? a cash dividend would be one way...
he could put about 10 million$ out to give each share about a dime... that would cost the shorts 7.5 MILLION$....
just a thought....
-------------------- 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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quote:Originally posted by glassman: NOTE: amaranth hedge fund lost 6 billion dollars this last month... on natural gas speculation...
glass, where did that info come from? -if I may ask...
Sep. 22, 2006 7:50 am A Familiar Story, Youthful Bent Included TOPICS Legal, Hedge Funds, Amaranth INDUSTRIES Energy/Utilities
A high-flying trader takes big risks and produces spectacular returns before imploding — and possibly taking the firm down with him.
It is not an unfamiliar story line in the markets, and it may be one that is playing out at Amaranth Advisors, the Connecticut hedge fund that said this week that it lost billions of dollars as a 32-year-old trader, Brian Hunter, made a bad bet on natural gas prices.
Yet the huge money that has poured into the commodities markets in recent years means that more such blowups may be coming, fund managers say. Nearly $60 billion has been invested in often volatile energy markets by hedge funds, the Energy Hedge Fund Center estimates.
the hedge people expect 30% returns... IMO? CSHD could be a tiny tug of war between a couple of them and neither would be sweating anything...
-------------------- 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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75 million to cover? and only 31 million available ...
I've heard this quite a few times now...isn't this logic false? I have been under the impression that there are 106million shares that have been sold...75million of which weren't supposed to be sold...now THOSE have to be bought back...and just to clarify there is NO difference between the two sets of shares...they all look the same on the outside...there just happens to be to many now...
am I missing a bigger idea here or do i have that right?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
This is the part that I don't get...IF all of us rushed to get our CERTS...the TA would run out of CERTS..Then what happens? I do not se how any of this is going to work out...unless the MM's are able to cover most of their FTD and Rufas "plan of working with the SEC" is to "give the shares to the MM's with the understanding that they now OWE Rufus...translation..leave me stock alone and let it rise...???
quote:Originally posted by CRab:
quote:Originally posted by glassman:
quote:Originally posted by Vin:
75 million to cover? and only 31 million available ...
I've heard this quite a few times now...isn't this logic false? I have been under the impression that there are 106million shares that have been sold...75million of which weren't supposed to be sold...now THOSE have to be bought back...and just to clarify there is NO difference between the two sets of shares...they all look the same on the outside...there just happens to be to many now...
am I missing a bigger idea here or do i have that right?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by glassman: i think you have it correct crab...
the shares are all equal to those of us that are long...
however? if you sell short? you can only cover by buying a share and RETIRING it....
you can't resell it or you just shorted again...
right, ok...that part I did understand...I was just making sure my understanding of what exactly needs to be "gotten rid of" was correct...
10 makes a point in the above post as well...if everyone did get certs it would be impossible for the entire short position to be covered, there just wouldn't be any shares to buy in that case...
but i think that would never happen...and all parties involved know that...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
Hey Vin...it almost seems that ETRADE is saying that you are short..so call BEN...which is what they told me when i spoke to them,,,AND...when i asked about getting my CERTS they transferred me and that man said that it would be 4-6 weeks to get those??? WTF? So that gives them time to "cover"? Choicetrade said it would be a week to 10 days for the CERTS... and no I didn't get my certs...I am thinking of getting half...not sure yet
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Then I am printing it out and hanging it on the wall.
If he nails all of these milestones, or even comes remotely close. I will be long in this stock till my eventual retirement. (Which if this thing hits could be Oct.1 ) I guess I should say I will be long till Rufas is no longer the CEO of CSHD.
GLTA TB
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
yeah if this shapes up to be all it can...i'm just not going to pay for short term gains...i'll wait it out...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
Although Rufus and no one has siad this....I am thinking that this was NS'd when it was FHAL...and that is why it it is sooo heavily shorted...AND? I think that Rufus KNEW this...IMO
quote:Originally posted by JohnnyRotten: If they took positions at .10 and it ran to 1.65 before shorting they are still in plus territory.
This thing could go up a lot before hurting them.
I think hedge funds can loose big but rarely see it happen or hear it publicized.
I too am interested if AMTD customers can buy.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by JohnnyRotten: If they took positions at .10 and it ran to 1.65 before shorting they are still in plus territory.
This thing could go up a lot before hurting them.
I think hedge funds can loose big but rarely see it happen or hear it publicized.
I too am interested if AMTD customers can buy.
AMTD may not be guilty of anything... somebody is guilty of somehting tho...
and we know the failure to deliver is because people have sold short without BORROWING the shares to deliver..
my research indicates that in a LEGAL short play?
the short-seller BORROWS the shares he/she wishes to sell short... a RECIEPT is placed in the account of the person the shares are borrowed from, and the borrower (short-seller) pays a credit card type credit fee which is split between the loaner and the broker...
when the short sale is made? the shares are DELIVERED to the buyer...
the loaner? they are the one that has the receipt for the shares ..
does this clarify what is concerning some of you?
-------------------- 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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quote:Originally posted by JohnnyRotten: If they took positions at .10 and it ran to 1.65 before shorting they are still in plus territory.
This thing could go up a lot before hurting them.
I think hedge funds can loose big but rarely see it happen or hear it publicized.
I too am interested if AMTD customers can buy.
AMTD may not be guilty of anything... somebody is guilty of somehting tho...
and we know the failure to deliver is because people have sold short without BORROWING the shares to deliver..
my research indicates that in a LEGAL short play?
the short-seller BORROWS the shares he/she wishes to sell short... a RECIEPT is placed in the account of the person the shares are borrowed from, and the borrower (short-seller) pays a credit card type credit fee which is split between the loaner and the broker...
when the short sale is made? the shares are DELIVERED to the buyer...
the loaner? they are the one that has the receipt for the shares ..
does this clarify what is concerning some of you?
glass..... "?" I don't think anyone "shorted" the stock, they simple sold what they did not have (naked short).
What you described above is how a person would short sell a regular stock or enter a "short position". -or did I miss something?...
posted
that is my understanding as well Chart, hence the 75million "extra" shares floating around...that wouldn't have happened if it was just placed into a short position...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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) I guess I should say I will be long till Rufas is no longer the CEO of CSHD.
