posted
I was overwhelmed,what a fine story of a great man.eisenhower said "there are no extraordinary men just ordinary men doing extraordinary things.My hat is off to you.
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posted
ok, some are debating about going to nasdaq because of the $4-5 requirement (whatever the price has to be)... has anyone thought that they may be able to go straight there because of the 15 dollar reset? last i checked 15 is higher than 4-5... so shouldn't that squash that reasoning?
and as for the reset... like many from the began have stated, it can happen with the 368 rule (i think thats the rule... a little help if it isn't)
figured i'd throw that out there... just something to think about...
[ October 07, 2006, 15:09: Message edited by: P Rowds ]
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN?
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quote:Originally posted by a surfer: Yes 10 its all there.... It is worth the 10 bucks to see this info.
I have no questions this is going to happen.
I just rejoined the site as a full time member.
They have an option of a 4 hour join for 5 bucks but thats not enough time to digest the info.
YEah surfer you were on it before anyone else...Right on... the only thing you did wrong was get a 4 hour membership! HEHE! LOL! I'm gonna dive back in it! Ima
-------------------- learnin as I go.
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It is hereby discussed, voted upon agreed to and resolved that an escrow account trust fund will be set up for the approximate $66,000,000 million shres that may have been sold in the market, but may not exist. The resolution therefore sets forth $100,000,000 million dollars will be placed in escrow as a reserve to address these shares and will be replenished as the stockholders become known up to and does not exceed $250,000,000
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posted
you know the above statement is heavy duty.
Now I think that is a typo and means to say that they think there is an additional 66 mil. shares not $ sign which appears.
As per they are setting forth $100,00,000 not to exceed $250,000,000....
Thats a pretty penny to set aside for unaccounted shares..
BUT the math on 250/66 is only 3.79 per share if there is indeed 66 mil. short and everyone of those steps forward and is brought to CSHD's attn.
interesting.
Maybe Rufus will give all the MM's some compensation for all the shares they shorted.... LOL LOL LOLL---------------------------------------------------------------------------- ---- Don't think so
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posted
Tax, I just read your post, and yes your guess of my history in larger exchanges was correct .
I will never take offense to something someone says to me on a board, so no worries there.
I've only given it about five minutes of thought but, if naked shorts create air shares that increases supply in the market if I'm not mistaken. Following that unless there is enough demand to counter balance the increase in Supply artificial or not, PPS drops and Demand drops...no?
I see it may work differently in you example but the principle is still holding true. If demand was high enough for the stock shares would be traded and price would still increase, hence the run of two weeks ago, people demanded shares and paid more for them.
-------------------- Stay long, bet short...
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quote:Originally posted by a surfer: ryan was on it too...
Yeah you're right surf... Ryan was all over it also. BTW Mnvestor made a good point about being careful what we bring over here from there as it is a paid for service and it seems that we aren't to bring that all over here... My recomendation is for anyone who has $500 or more dollars in CSHD to just invest $10 to see the documents for themselves. JMHO Ima
-------------------- learnin as I go.
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quote:Originally posted by li: Also, to Tax or anyone else PLEASE help me with point number four as it as held me up with this company for a while now
I'll try again. The Asset's that they manage bring income in a few different froms. One being interest as shown in the Audited Financials, the other will be in deriving income from the funding of the Joint Ventures and Subs. The following is directly from the Audited financials and was generated from the original Bond and UCC Note for one quarter.
OPERATING ACTIVITIES
Net Income $18,530,865
Net Cash Provided by Operating Activities
$18,530,865
The first step is acquiring the Assets. Once this is accomplished the income follows. Like I stated in my previous post, a bit more clear here, First you acquire the chicken that lays the egg, then you can sell the eggs for a profit.
quote:Originally posted by a surfer: Board resolutions 9/19/06
It is hereby discussed, voted upon agreed to and resolved that an escrow account trust fund will be set up for the approximate $66,000,000 million shres that may have been sold in the market, but may not exist. The resolution therefore sets forth $100,000,000 million dollars will be placed in escrow as a reserve to address these shares and will be replenished as the stockholders become known up to and does not exceed $250,000,000
Can you explain exactly what this means?
-------------------- Disclaimer: Not accountable for anything I say
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posted
Stocktrader, they have put $100,000,000 away to "pay for shares" that are being traded in the open market, even though those shares may not exist, and if those funds get used up...they will add more up to $250M they have done this so if they ever decide to "buy back" the shares they would have the funds to do so. Rufus spoke of this in his last subpenny radio talk.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by 10of13: Stocktrader, they have put $100,000,000 away to "pay for shares" that are being traded in the open market, even though those shares may not exist, and if those funds get used up...they will add more up to $250M they have done this so if they ever decide to "buy back" the shares they would have the funds to do so. Rufus spoke of this in his last subpenny radio talk.
posted
ME thinks it may be time to put a move on the short cakes ... thinkin' about certs ... once we start running the squeeze, we may easily be able to see $50 to $100 pps soon ... one may get certs on say 80% to 90% of their shares and leave the remaining 10% to 20% to sell sometime after reset, as desired ...
This would give one the initial investment back plus profit ... it would add greater squeeze pressure on short covering ... it would also give one the advantage of holding real (free) shares!
I am personally tired of the shorts having their way! Collectively we can group together and maybe invite other boards to join the effort. We can spur on some major action for this CSHD!
What say we? ... the "collective" effort or wing it? Personally, I am going to do this and 'am advising those, I have introduced to this play, to strongly consider doing the same ... all I have talked to so far, are going forward with this scenario.
For me, it has always been about the big play and the big money ... how about you?
-------------------- ... make you're decisions only on you're own DD ...
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posted
Before I post this I want to qualify it with this: I am not saying this is the case but just food for thought.
With many pulling a majority if not all their Certs, could this just be a strategy that Rufus had along? The more Certs that are pulled the less the sell off will be after the reset. I know that the reset is possible because of the DD we hae done on this thread and that we found more than just the 386 rule that allows it. So, how would one go about saving a stock from a massive sell off, easy get people to request Certs. If 50% of the shares are in Physical Certs than the inmmediately tradable float is 15M(Approx) Much easier to help sustain it at that level. Yes it does help force the squeeze but as I and Glassman have commented on previously, the law to cover has no teeth in it. Would I choose to pay a $500,000 fine VS covering for 500,000,000 or more? I'd pay the fine. If you look at past history the fine is more likely to happen than a forced cover. Now if Rufus has a silver bullet that no one is aware of and uses it in combination with people pulling Certs which decreases the immediately tradable shares then maybe there is a chance that a cover will happen.
Now, if the cover happens it will more than likely happen over the course of a few days to maybe a few weeks. Remember that Market Makers are resourceful especially if they are bing helped by Brokers and the DTCC. The problem actually involves all three and not just one. Go back and read about the DTCC, Market Makers and Brokers and you will see that, if the short position is as reported, it could not be accomplished without all three being involved.
You may ask WHY?
That's easy because the DTC should be informing brokers of the FTD's and the Brokers should be taking action when shares we have purchased don't show up. Has anyone been informed that shares showing in their account were never cleared? I haven't heard of anyone posting this info. The closest would be Ameritrade not allowing new positions to be taken in CSHD. I know that Scottrade usually stops buying and sometimes selling certain issues when the FTD's mount up. How do I know this? Because they call them clearing restrictions. OK, so what is a clearing problem? Failure To Deliver(FTD). Let me post from my Scottrade account so you will see.
Clearing Restrictions
Scottrade has set restrictions on the following securities due to clearing restrictions:
posted
Wally I have mentioned the getting of CERTS as to not having such a sell off after the reset in earlier posts, as have you and other posters. I do think that "this reason" is one of the reasons that Rufus has for us getting CERTS and I also feel that it could very well be part of another plan in reducing the possibilities of the shorting of the stock..both legal and illegal What else Rufus may have planned with the CERTS I do not know... and for the record, I do not have CERTS
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by bigstocks: I guess its only natural to become impatient, but deals like this just dont happen overnight.JMHO
i am in the impatient category LOL, that is why i have been flipping , and monday i will be out completly if there is no VOLUME movement or if the PPS still sinking .
all this is MHO
i am trying to stay long but in the other hand "i will protect my capital"
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quote:Originally posted by 10of13: Wally I have mentioned the getting of CERTS as to not having such a sell off after the reset in earlier posts, as have you and other posters. I do think that "this reason" is one of the reasons that Rufus has for us getting CERTS and I also feel that it could very well be part of another plan in reducing the possibilities of the shorting of the stock..both legal and illegal What else Rufus may have planned with the CERTS I do not know... and for the record, I do not have CERTS
I understand what you are saying but something came to mind tonight in reading that they(Rufus/CSHD) is putting money aside to cover possible counterfeit shares. Why? They did not issue them they are not responsible for them. So why put money aside for a possible buyback of shares at prices up to $35 per share? Maybe just maybe that money is being put aside for those that have requested Certs and will not be able to participate in the shorts squeeze. This would be a way to counter any litigation since, afterall, people are doing this at the bequest of the CEO of CSHD. Like I said before, Just a thought.
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