Originally Posted by ConCarne Posts 1 I'm pretty sure Rufus called this "Conversion Solution" because their main business model is "converting" illiquid assets (salvage rights, mineral rights, contracts, etc.) into liquid assets (cash). They are a "holding corp" for such structured agreements - Conversion Solutions Holding Corporation.
As shareholders each structured "conversion" will have web-accessable financials with a realtime view. To login into the platform you must have your shares in your name (to establishe you as a bonifide participant in the pool of "conversions"). It's a holding corp so all shareholders have equal rights to each "conversion".
Since the bond recently paid in September (what you see as $19m of income "recievables" on the audited financial because the bond pays annually) Conversion Solutions now has the powder available to start taking down deals. The detailed "conversion" inside each deal will vary deal to deal but the viable business all starts with the initial bond portfolio (seed capital), access to more capital (the bank pr), the web platform (real-time "conversion" reporting along with insistence to get shares in your name to establish a "login"), and now details of the actual "conversions" themselves.
Reverse merge the seed capital into a public security that had been previously established via NOBO records to be 3:1 Naked Shorted to "amplify" the "IPO" when people figure it out. Slow play information so it looks a bit seedy to draw out all the crooks. Heck, get them to short more if you're good enough to get them to overlook your main game.
This is nothing short of genius. Backing into the Naked Short shell is a better way to bring a holding corporation like this public because of this "amplification" it brings. If it doesn't immediately capitalize on the backs of the shorts (to double the seed put in) you simply buy out the shares with the seed itself. That's the insurance bet.
It's so smart I wanted you to see it for what I think it is. I'm stunned by how smart this is. Hats off. Checkmate.
posted
We are tanking...I can see $1.25-$1.50 by tomorrows day end if we get nothing new! This sucks, I havent even pulled out my initial investment yet, dreaming that this is for real. Let's hope it is.
-------------------- Disclaimer: Not accountable for anything I say
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posted
notice how low the volume is, I would look for an absolute bottom at 1.92, but a bottom resistance of 2.10, I have a limit order in for 1.93. Too low of volume for it to stay down
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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as i said, i had to opt IN to the nobo list. usually they automatically opt their clients OUT.
and ameritrade wouldnt even give me an option.
my understanding of this whole discount broker vs full svc broker is that with discount, stuff goes into theirname on behalf of yourname. for instance, look at how you send wire transfers to choicetrade. send to them, reference your account number. its 3rd party. at merrill i have a CMA account - an INDIVIDUAL acct- so it is actually under my name. and so they give me the nobo option.
im not sure you can push the discount broker to allow you to do so. i know i tried, and TDAm simply refused. by they're a bunch of borkers anyway
~BB
quote:Originally posted by Chartwalker:
quote:Originally posted by new2stocks: I just got off the phone with Scottrade. They told me in regards to Rule 14b-1 that they allow shareholder info to be released when requested by a company and that if I DIDN'T want my info to be released I would have to request it in writing.
So that link I posted..... That DOES mean that when The TA asks Scottrade WHO has shares that they WILL tell them right?!
That is what I think... "UNLESS" you marked that box saying you don't want that info shared....
right?
BB's form HAD to be checked I guess.... BB why can this rule not apply there as well? Or maybe it does and what you did FORCED your name there before the TA asks for it.... "?"
Any thoughts?..
Cause apparently we shouldn't have to worry about the TA agent getting our info as a shareholder according to that rule!
posted
RSI now 62.51. Either its gonna bounce off the 60 or if it fall through then I feel very confident it'll bounce off the 50. Aroon showing downtrend and AD showing near bottom.
posted
BB stocks usually tank on low volume. Look at FRPT. When it trade millions of shares, it goes up, obviously because it is riding good news. But even with all that good news out there, when there is low volume days, shorters come in and profit takers leave.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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posted
Looking at the chart, which I stated earlier today was very scary, I see $1.80, however if this fall creates a panic sell it could go to around a dollar where it held its best support.
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quote:Originally posted by 10of13: not even 800k shares "traded" and it is going down this quick? I wonder how much the website being down plays into this decline?
quote:Originally posted by Repoman75: BB stocks usually tank on low volume. Look at FRPT. When it trade millions of shares, it goes up, obviously because it is riding good news. But even with all that good news out there, when there is low volume days, shorters come in and profit takers leave.
quote:Originally posted by betting babe: i didnt ask a question.
i assume you are answering 10? ~BB
quote:Originally posted by 10of13: not even 800k shares "traded" and it is going down this quick? I wonder how much the website being down plays into this decline?
quote:Originally posted by Repoman75: BB stocks usually tank on low volume. Look at FRPT. When it trade millions of shares, it goes up, obviously because it is riding good news. But even with all that good news out there, when there is low volume days, shorters come in and profit takers leave.
i sent you a PM
-------------------- Disclaimer: Not accountable for anything I say
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posted
Ok, back to this cert thing. Lets say you own stock in Microsoft or some big time company and you plan on holding long (10 years or more), why do you get certs? Is it not safer to keep the shares with a borker who has insurance and what not?
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quote:Originally posted by milliam: Ok, back to this cert thing. Lets say you own stock in Microsoft or some big time company and you plan on holding long (10 years or more), why do you get certs? Is it not safer to keep the shares with a borker who has insurance and what not?
Absolutely no reason to keep certs. anymore unless you want to frame it on your wall as a symbol of your investment knowledge... other than that, keep it at the broker.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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posted
My opinon only! ... I wouldn't sell anything ... I would as Rufus suggested - buy the "#*%* out of it now ... looks like we are turning the corner ...
-------------------- ... make you're decisions only on you're own DD ...
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posted
the last few transactions have been above the ask...lol...what a joke...I'm going to clean the bathroom...for some reason all I can see is crap...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by cool AZ: My opinon only! ... I wouldn't sell anything ... I would as Rufus suggested - buy the "#*%* out of it now ... looks like we are turning the corner ...
We'll "turn the corner" IF it goes down again but not as far then moves back up
quote:Originally posted by 10of13: the last few transactions have been above the ask...lol...what a joke...I'm going to clean the bathroom...for some reason all I can see is crap...
posted
NOOOOOOOOO.... ahhhh, damn my bank of america... they are taking forever to wire it in my account... pffff, and i even hafta pay $15 for every wire... i know that doesn't go to speedy wires.... well... i think i missed todays opportunity:( GLA, watching...
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN?
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