Join Date: Aug 2006 Posts: 215 Quote: Originally Posted by shadone This certs thing is very confusing.,, I for one do not see how they can deny especially if they are in a cash account that the shares are your's, I would think any coverage would be the responsibility of the brokers and they would be the ones who are in trouble if there wasnt enough to go around....still what do I know....i guess it remains to be seen...I have at least 5 stories from scottrade already depending on who you talk to or with or where you call.....confusing
The certificates are yours and they do have to honour them, that is not the point for this. By everyone or as many as possible pulling their certificates it does create even a more powerful squeeze as the firms have to deliver the shares that are demanded. I am speaking from experience. It is a highly effective strategy to overcome the shorts when it is needed. Just think with all the float bought up and a demand for even more shares than they can find they will be buying no matter how high.
Another strategy is to create what I call a "Chinese Wall" of impenetrable bids that forces the shorts to continue to bid higher than the wall. It is amazing what you can learn over years of experience sleeping for a few thousand years with nothing else to do.
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posted
Quote: Originally Posted by Chasbo I am on the phone with Fidelity and they are going to hold the stocks for me at the TA in my name and not the street name. Thanks to all who helped me understand this. Recap: Per Rufus get all your stocks transferred to a certificate form and make sure your address is correct so the company can contact you. You will become a registered member of CSHD at this point. Fidelity will hold the stocks with the TA in your name so you can trade them whenever you want. This is an ideal situation in my opinion. Ask for the certificate department at Fidelity and they will get-er-done!!! All dividends and splits will be applied to your account by the broker. You can set up your account to purchase CSHD on any cash dividends applied to the account. Happy trading/holding. I hope I helped someone!
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posted
Before doing any transferring of certs, check to see if your brokerage guarantees your certs still after they are in your name.
As mentioned, theres already "names on the list" in excess of the total outstanding shares. So theres no saying your shares are in those first groups of legit shares even if you have certs. The # of shares registered has alreayd been exceeded.
If the bank holds them, they are responsible for them.
Consider this before moving to holding the certs yourself. Youre not protected by the bank, you are only protected by his word.
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quote:Originally posted by TimW: Before doing any transferring of certs, check to see if your brokerage guarantees your certs still after they are in your name.
As mentioned, theres already "names on the list" in excess of the total outstanding shares. So theres no saying your shares are in those first groups of legit shares even if you have certs. The # of shares registered has alreayd been exceeded.
If the bank holds them, they are responsible for them.
Consider this before moving to holding the certs yourself. Youre not protected by the bank, you are only protected by his word.
This is wrong. Follow it up with sources for your information. The certs once requested for you by the brokerage to the TA, are sent directly from the TA for the company to you the shareholder. The brokerage is not even involved at this point until you deposit the certs back into your account when you wish to trade them.
There in lies the safety of holding certs. If you are accepting certs from your brokerage for stocks you purchase through them then you are holding nothing but Monopoly money. A cert is from the TA not your brokerage, if they try an print them off for you and their name or logo is anywhere on them then you have a problem.
posted
I know of hundreds of people who were cleaning out grandma's house and stumbled accross GE Certs, or Coca-Cola certs... they take them to their brokerage after the estate settles. Grandma's brokerage isn't even involved or even around sometimes at this point. The certs are as good as the company whose name is on the cert not the brokerage that ordered the cert in the first place.
posted
exactly Tax...That is why I ordered my stock cert on Monday. I might be stuck if there is a panic selloff, but I am 100% secure if this thing goes as planned. BTW, nothing has changed, we still have audited fins with Billions still to come on the 10K. Rufus has come thru so far, so I'm giving him till the extension deadline until I reassess my position. Have a great weekend all...
-------------------- Success is having the time and money to enjoy all of life's wonders...
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well, as we gear up to the weekend of the 3rd month of this stock, im not impressed.
do i hope rufus let's something fly at his usual 4:50pm PR hour? ohhhhhh yes i do.
otherwise i will spend a great deal of time over the weekend considering why i need to listen to an unknown egyptian yell at me to make a very risky move like ordering paper certs for a position that i am currently moving out of a broker who has screwed me by limiting my trading.
and if rufus thinks that makes me an impatient day-trader, so be it.
i think skepticism makes a wise investor.
rufus said 6 months in that phone call and the world fell apart and he backpedaled. well here's to 3... and nooooooo verifiable progress that any "big boys" are listening to.
im uncomfortable with the way rufus has upended us lil guys, then laughed at our concern while supplying no verification.
quote:Originally posted by TimW: Before doing any transferring of certs, check to see if your brokerage guarantees your certs still after they are in your name.
As mentioned, theres already "names on the list" in excess of the total outstanding shares. So theres no saying your shares are in those first groups of legit shares even if you have certs. The # of shares registered has alreayd been exceeded.
If the bank holds them, they are responsible for them.
Consider this before moving to holding the certs yourself. Youre not protected by the bank, you are only protected by his word.
This is wrong. Follow it up with sources for your information. The certs once requested for you by the brokerage to the TA, are sent directly from the TA for the company to you the shareholder. The brokerage is not even involved at this point until you deposit the certs back into your account when you wish to trade them.
There in lies the safety of holding certs. If you are accepting certs from your brokerage for stocks you purchase through them then you are holding nothing but Monopoly money. A cert is from the TA not your brokerage, if they try an print them off for you and their name or logo is anywhere on them then you have a problem.
It is wrong that your bank is no longer responsible if they are not holding them? That was my point of the post. The bank has no responsibility, and now its just you and the company. Theyve washed their hands clean of the transaction at that time.. Who do you turn to then? Rufus? He himself stuttered when talking about what happens when it all needs to be cleared up.. If i remember right he said well if theres too many theres no way we can help everyone.
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quote:Originally posted by thedoctor: Repo....Admit it....you really are Tut aren't you
You found me out. Here's my secret message; make sure you have your Red Rider Secret Decoder Ring on:
falds;jdsT THIS djf;slkd IS werpiojvn A pqwoiejf SCAM
Thanx Repo I mean Tut! Our REAL secret decoder ring decoded your new message:
falds;jdsT THIS djf;slkd IS werpiojvn A pqwoiejf SCAM
SHAREHOLDERS this STOCK is NOT a FREAK'N scam
Repo - just promise us CSHD shareholders one thing when Rufus resets this thing - that you come back & tell us how GREAT we are for stickin' this thing through... is that a DEAL?
-------------------- ..just remember....Family is EVERYTHING!!
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posted
Did anyone notice on the website they have Equine Solutions? Looks like Rufas has quite a few horses he races. We may need to put some money on them as well
I am in this with a small amount. Sold most when it hit 1.57. Have been lurking .....
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Stay positive ... It will happen! I should have held longer. You guys have done great DD and I am sure it will pay off soon ! We just need Rufas to give us news!!!!
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I want to preface this with the fact that I am not endorsing or recommending any specific company or brokerage, only giving info on my conversation.
My broker is transferring my shares to ML. Date was suppose to be today... but Scottrade stated at EOD today that it will have to happen on Tuesday because the shares in my account are "unsettled". Which is odd because I've had them forever.
My broker went so far as to call the transfer agent himself and research CSHD as much as he could, because it's a special situation that he has not encountered before. Nice.
The TA explained the current situation with certain brokerage houses having shorted beyond the actual stock under their street name, and the scramble to cover. The TA had a meeting the beginning of this week to discuss the situation, as many people have requested certs.
The TA felt that having ML accountable for the shares was the best protection while maintaining liquidity. ML is the largest financial institution and that the transfer of shares thru the system guarantees my ownership thru ML street name, with all the insurance that ML has to offer. Choosing full disclosure ensures addition to the NOBO list. My broker is gonna hound dog this until it happens because according to what he knows of CSHD.. they are quite valuable and he wants them over at ML.
After discussion with him.. likely my account is unsettled because I flipped a small amount yesterday ... but never went below the number of shares I was arranging for transfer. Either that.. or they are stalling. I'll keep you posted.
Glad I'm moving my shares though. Don't trade for 3 days prior to transfer however. Just FYI.
posted
I would love to start some after hours banter with you all, just to see if one nonpositive comment would get me labeled as a basher... I've read very few posts today that contained any logic in them what so ever.
1. IMO Rufus will not be changing the way the NASDAQ runs. There are qulifications that must be metto be listed, if they are met, CSHD may get listed. If not, it won't. I have a hard time seeing NASDAQ making new rules to accomodate CSHD.
2. While the stock may end up being worth more then its current price, a hault/reset is not needed nor warranted to get it there. Stock prices can FLY up or down as you've seen.
3. If it is a scam or not invest where you see opportunities to make money, no need to argue over if its a scam or not. Share DD, confirm DD, and invest accordingly the way you see fit.
4. Just because a company holds assets on the books does not mean that the company is worth anything more or less. It has been stated that the company is an "asset holding company", they need to use those assets to make earnings... Then after expenses you need something called profits!!!
5. Fact: Only one thing changes stock price supply and demand. The most basic rule of economics. I don't care how much an accountant tells me a company is worth on paper. When it comes to the PPS it is all about supply and demand.
Understand, I'm not tryign to bash, I have enjoyed watching and investing this stock since the news in early July, and have been reading this board and following all of your comments since then also. Yes people can manipulate the stock price. BUT, it always comes back to good old number five above.
Food for thought, notice that this is information from my view of the world, and none of my points point in either direction as far as CSHD PPS, digest it well my friends.
-------------------- Stay long, bet short...
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li... Well said... I agree with 3 the most... 3. If it is a scam or not invest where you see opportunities to make money, no need to argue over if its a scam or not. Share DD, confirm DD, and invest accordingly the way you see fit.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
Dog, you will find this when trading all kinds of stocks even large caps...
Trade gets placed, order gets filled in open market, money hits your account there are about 5 levels of other crap happening in between there. I have Scotty for my day trading as well, and while this may be stalling on Scotty's part it is most likely not IMO. Ask your ML rep. to clarify how he would define "settled funds". Typically you won't have a problem trading on "unsettled funds" in a cash acount, but transfering holdings between intsitutions is never a seemless "one minute" process.
Also everyone remember ML, AGE, Scotty, Schwab... they all have account reps, and all the account reps think differently about everything, you can get two different stories from people sharing an office. And, by the way any financial advisor worth the shirt on their back will show you their own personal portfolio. ML is a large institution with many wheels and they don't all turn in the same direction. Don't take anything anyone says as an absolute (except of course what I said about S&D ).
-------------------- Stay long, bet short...
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quote:Originally posted by bigstocks: Pretty sure the market is open Mon.
Unless someone else has already posted this, here is the Nasdaq holiday schedule. This Monday is not included so it appears that the market will be open:
2006 Dates - Unless noted, the following dates are holidays that The NASDAQ Stock Market is closed. January 2 - New Year's Day January 16 - Martin Luther King Jr.'s Birthday February 20 - Presidents' Day April 14 - Good Friday May 29 - Memorial Day July 4 - Independence Day September 4 - Labor Day November 23 - Thanksgiving Day December 25 - Christmas Day
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posted
Li ~ I'll bite on that afterhours banter. If you truly believe number five exists on the OTCBB which you atributed a couple of your coments too. then you are more niave than most OTCBB traders. Supply and Demand only works if there is a limited supply. Naked Short Sales both state wide and over seas on the OTCBB is so rampant, and regulations in RegSHO are so lax, that each and every security that has an OTCBB listing and the right amount of visibility can instantly become a target for illegal Naked Shorting which is the conterfiting of shares, thus flooding Supply. You add that to the legal amount of shorting and you have ample supply to satisfy any demand created by decent news or positive technology.
You believe like me that the exchanges should be a true "Free" market exchange, but until the Reg SHO rules of enforcement are amended this will not exist, and this reigns even more true for the Other OTC exchange where pinksheets are traded.
You either have to learn to trade in an exchange with limited rules and regulations, or go back to the large exchanges where supply and demand have actual meaning.
I don't think you comments are that far off, just that you sound more a tuned to rules of the larger exchanges. No offense meant, hopefully none taken if my opinion of your history is completely wrong. I am interested in friendly exchange, and will not call you a basher until I believe that you are intentionally atempting to mis-lead, attacking without cause, or showing an obvious agenda.
quote:Originally posted by bigstocks: Pretty sure the market is open Mon.
Unless someone else has already posted this, here is the Nasdaq holiday schedule. This Monday is not included so it appears that the market will be open:
2006 Dates - Unless noted, the following dates are holidays that The NASDAQ Stock Market is closed. January 2 - New Year's Day January 16 - Martin Luther King Jr.'s Birthday February 20 - Presidents' Day April 14 - Good Friday May 29 - Memorial Day July 4 - Independence Day September 4 - Labor Day November 23 - Thanksgiving Day December 25 - Christmas Day
This is not the concern. The concern is that the SEC is closed so anyone wanting a 10-K on Monday will not get one. In this current situation, it could be really detirmental to the PPS.
quote:Originally posted by TaxBack04: Li ~ I'll bite on that afterhours banter. If you truly believe number five exists on the OTCBB which you atributed a couple of your coments too. then you are more niave than most OTCBB traders. Supply and Demand only works if there is a limited supply. Naked Short Sales both state wide and over seas on the OTCBB is so rampant, and regulations in RegSHO are so lax, that each and every security that has an OTCBB listing and the right amount of visibility can instantly become a target for illegal Naked Shorting which is the conterfiting of shares, thus flooding Supply. You add that to the legal amount of shorting and you have ample supply to satisfy any demand created by decent news or positive technology.
You believe like me that the exchanges should be a true "Free" market exchange, but until the Reg SHO rules of enforcement are amended this will not exist, and this reigns even more true for the Other OTC exchange where pinksheets are traded.
You either have to learn to trade in an exchange with limited rules and regulations, or go back to the large exchanges where supply and demand have actual meaning.
I don't think you comments are that far off, just that you sound more a tuned to rules of the larger exchanges. No offense meant, hopefully none taken if my opinion of your history is completely wrong. I am interested in friendly exchange, and will not call you a basher until I believe that you are intentionally atempting to mis-lead, attacking without cause, or showing an obvious agenda.
Good post. I agree. IMO, the only real bashers are the ones that use half truths and innuendo to accomplish their goals, whatever those goals maybe. Honest questions, even if not popular can be answered with good DD. This board has been excellent in it's DD, one only has to go back and read all the threads that preceded it.
posted
*sigh* i stand in the middle between the "dark side" and whatever other side there is.. and i'm worried... lost $50k profit already, of course i'm worried..
quote:Originally posted by bigstocks: Pretty sure the market is open Mon.
Unless someone else has already posted this, here is the Nasdaq holiday schedule. This Monday is not included so it appears that the market will be open:
2006 Dates - Unless noted, the following dates are holidays that The NASDAQ Stock Market is closed. January 2 - New Year's Day January 16 - Martin Luther King Jr.'s Birthday February 20 - Presidents' Day April 14 - Good Friday May 29 - Memorial Day July 4 - Independence Day September 4 - Labor Day November 23 - Thanksgiving Day December 25 - Christmas Day
This is not the concern. The concern is that the SEC is closed so anyone wanting a 10-K on Monday will not get one. In this current situation, it could be really detirmental to the PPS.
quote:Originally posted by luvforever: Do you know what you hold? If so why are you worried about the pps? Please... the reset will take care of it! I'm hoping
Luv I do "know" what I hold. and very proud of myself for finding this needle in the big haystack. Just would "like" to see the PPS start to reflect what I "know" I hold. $2 or a market cap of $200 million doesn't even scratch the surface. MM's walk this price so easily with the current low volume we are very lucky we are not looking at a closing price of $1 right now.
I am patient, and experienced, when it comes to measuring my risk. 0.08 would not hurt me if the PPS goes that low, but considering where this share price "should" be... I really do not want to see that distance show up again. Rufas as CEO has a responsibility to protect the current PPS even if he has "plans" on reseting it in the near future.
posted
Yes wally I agree but there's also a lot of wasted pages of no dd I do believe that is why some just ask as to skip over the off topic when we were all bored and jokin around...It just makes it easier...even if a page number was given it helps the newbies plus if they are serious it will help pps for now if they buy into ...just trying to understand why some get so upset and are rude saying read the pages,ugh like they are dumb or something what if it were you? Would that make you feel welcomed on a board as a newbie? Remember we all want money who cares who was in first at .04 or $4 we are here for the same reason if we are in it...money. Questions are not stupid and if folks don't want to help just say I am not helping you instead of looking like an arse. Remember to treat peeps like you want to be treated...It works 9 out of 10 times....
-------------------- Never lookback...
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posted
I agree tax but its the bs of this and that from the ceo and we just gotta wait it out nothing more we can do except keep looking for aanything bad if nothing bad then it must be good..LOL
-------------------- Never lookback...
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