quote:Originally posted by Jenna: OOOOOh Sherri- I gave you 5 stars the 1st time you spoke to me 'cause you are so sweet!! Let's make this "Give out stars to the ones you love Day"!
And here I thought it was because I told you to check this one out I was just messing around anyway....I am who I am stars or no stars...
And Cass and 10, we all know who is good...
-------------------- Study before you buy, Sell before you think about it....
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posted
I am not new to this stock, only to the board. Great work by all to this point.
IMO, some of you are too quick to dismiss that today may be the technical deadline for the 10K filing. Go back and read the extension - it buys them 15 days from the original prescribed due date... NOT from when the extension was filed... the original prescribed due date. I could be wrong and I do not claim to be an expert on SEC filings but I can easily see how the common rules could be interpretted to mean that today is the day we have all waited for. If there is a grace period of exception for this company I am not seeing it.
As for the conversation with company officials, I do not think that Mitch or Sabra ever told anyone that the 10K would be FILED on Monday, just that it would be OUT on Monday. They could still be telling the truth if it came out today, no? Think about what has actually been said (or reported to have been said).
I do not mention this to create alarm if it does not happen today. I simply do not want people to be left out in the cold waiting on a good buying opportunity thinking they have all afternoon to hold off.
Think about all of the benefits filing today would allow. Then think about all of those benefits that would be negated by waiting until Monday.
Do not be caught with your pants down.
Try not to let your distaste for bashers prevent you from properly considering everyone's opinion. I do not believe ccvle was trying to cause trouble and he was immediately labeled a basher. If I were him I would not have a very high opinion of Allstocks after that.
Best of luck to us all.
DISCLOSURE: I hold a long position in CSHD and intend to keep holdings in this company to a degree appropriate with revelations forthcoming in the 10K and 10Q.
posted
Thanks Humble and welcome aboard... And yes Sabra and others said it would be out Monday...not being specific...means it could be being filed right now...I am keeping the faith that they know what they are doing and holding...oh and buying more to! If this falls through...i guess I am a dumbaZZ...oh well I have been called worse things...
Again...welcome aboard...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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SECURITIES AND EXCHANGE COMMISSION (Release No. 34-53542; File No. SR-NASD-2006-029) March 23, 2006 Self-Regulatory Organizations; National Association of Securities Dealers, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Amendments to Rule 6530 to Clarify the Removal Process for Securities of OTCBB Issuers that Fail to Remain Current with OTCBB Reporting Requirements Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”)1 and Rule 19b-4 thereunder,2 notice is hereby given that on February 27, 2006, the National Association of Securities Dealers, Inc. (“NASD”) filed with the Securities and Exchange Commission (“Commission”) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by NASD. NASD has designated the proposed rule change as “constituting a stated policy, practice, or interpretation with respect to the meaning, administration, or enforcement of an existing rule” under Section 19(b)(3)(A)(i) of the Act3 and Rule 19b-4(f)(1) thereunder,4 which renders the proposal effective upon receipt of this filing by the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change NASD is proposing to amend NASD Rule 6530 to clarify the removal process for the securities of issuers quoted on the Over-the-Counter Bulletin Board (“OTCBB”) that fail to remain current with reporting their financial information to the Commission or other appropriate regulator. The text of the proposed rule change is available on NASD’s Web site 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b-4. 3 15 U.S.C. 78s(b)(3)(A)(i). 4 17 CFR 240.19b-4(f)(1). (http://www.nasd.com), at the principal office of NASD, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, NASD included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. NASD has prepared summaries, set forth in Sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose In January 1999, the Commission approved amendments to NASD Rules 6530 and 6540 that limit quotations on the OTCBB to securities of issuers that are current in their periodic filings with the Commission or other applicable regulator.5 In November 2005, the Commission approved amendments to NASD Rule 6530 that limit the eligibility for quotation on the OTCBB of the securities of issuers that are repeatedly late or otherwise delinquent in filing periodic reports.6 Specifically, NASD Rule 6530(e) provides that OTCBB issuers that fail to file a complete periodic report with the Commission or other respective regulator, even if they file within the grace period allowed by NASD Rule 6530, three times in a two-year period and those issuers that have been removed from the OTCBB for failure to file two times in a two-year 5 See Securities Exchange Act Release No. 40878 (January 4, 1999), 64 FR 1255 (January 8, 1999) (SR-NASD-98-51). 6 See Securities Exchange Act Release No. 52786 (November 16, 2005), 70 FR 70907 (November 23, 2005) (SR-NASD-2005-011). 2 period, are ineligible for quotation on the OTCBB by an NASD member.7 Following removal pursuant to NASD Rule 6530(e), the securities of an issuer would only become eligible for quotation on the OTCBB again if the issuer has timely filed complete required periodic reports for a one-year period. NASD is filing the proposed rule change to clarify the removal process and grace periods for securities of OTCBB issuers that fail to remain current in their reporting requirements. Specifically, when an issuer does not comply with the reporting requirements in NASD Rule 6530, either because a filing was not made8 or because a filing was incomplete,9 a fifth character “E” is appended to the trading symbol of that issuer’s security.10 Notice of the pending symbol 7 NASD Rule 6530(e) applies to filings for reporting periods ending on and after October 1, 2005. 8 When NASD does not receive notice that an issuer which files with a regulator other than the Commission has timely filed, the “E” modifier is appended to the trading symbol of the issuer’s security. If the issuer did in fact timely file with its respective regulator, the issuer would not be considered delinquent for purposes of NASD Rule 6530(e). 9 In order for a filing to be complete, it must, for example, contain all required certifications, attestations, and financial statements, including an auditor’s review pursuant to SAS–100 (for quarterly reports) or an unqualified auditor’s opinion (for annual reports). See Rule 13a–14 under the Act, 17 CFR 240.13a–14, and Rules 10–01(d) and 2–02(c) of Regulation S–X, 17 CFR 210.10–01(d) and 2–02(c). In addition, the auditor must be registered with the Public Company Accounting Oversight Board. See Section 102(a) of the Sarbanes-Oxley Act of 2002, 15 U.S.C. 7212(a). 10 A filing would not be considered delinquent if made within any applicable extension permitted by Rule 12b-25 under the Act, provided that the issuer files the applicable materials specified in Rule 12b-25. See 17 CFR 240.12b-25 (under Rule 12b-25, an issuer would need to file, among other things, a Form 12b-25 notice with the Commission no later than one business day after the due date for the applicable report). If the issuer does not file the required report by the expiration of the applicable Rule 12b-25 grace period, notice of a pending change to the issuer’s symbol will be publicly reported on the OTCBB Daily List and the “E” modifier will be appended to the trading symbol of that issuer’s securities. The applicable grace period under NASD Rule 6530 will be calculated from the date of publication on the OTCBB Daily List. 3 change to append the “E” modifier is publicly reported on the OTCBB Daily List.11 This identifier notifies investors and other market participants that the issuer is not current, or that the NASD staff does not have sufficient information to determine if the issuer is current, in its reporting obligations.12 NASD Rule 6530 generally permits the continued quoting of securities of delinquent issuers for a specified grace period. 13 Questions have been raised as to from what date the grace period, if applicable, commences. NASD is clarifying that the grace period, if applicable, is calculated from the date notification of the pending symbol change to append the “E” modifier is published on the OTCBB Daily List. If the issuer does not comply within any applicable grace period provided by NASD Rule 6530 and no request for review by a hearing panel has been received,14 then the securities of the issuer are removed from quotation on the OTCBB following 11 Notice of a pending symbol change is publicly reported on the OTCBB Daily List within seven business days of the due date of the report. The “E” modifier is then appended to the issuer’s security symbol within two business days thereafter. The OTCBB Daily List is available at http://www.otcbb.com. 12 A list of delinquent issuers is available on http://www.otcbb.com. 13 The grace period set forth in NASD Rule 6530 varies depending on the type of issuer. OTCBB issuers that file with the Commission are subject to a 30 calendar day grace period, whereas, OTCBB issuers that do not file with the Commission, but are required to file with other regulators (i.e., banks, savings associations, and insurance companies) are afforded a 60 calendar day grace period. Pursuant to NASD Rule 6530(e), however, the third time an OTCBB issuer is delinquent in the prior two-year period, that issuer’s securities will be removed from quotation on the OTCBB without the benefit of any grace period for the third delinquency, although seven calendar days will be provided to request a review of the staff determination by a hearing panel. See Securities Exchange Act Release No. 52786 (November 16, 2005), 70 FR 70907 (November 23, 2005) (SR-NASD-2005-011). 14 A party aggrieved by a determination relating to the OTCBB may request a review of such determination by a hearing panel pursuant to the NASD Rule 9700 Series. The hearing panel determines whether the securities of an issuer are eligible for continued quotation because the issuer has, in fact, filed a complete periodic report. The hearing panel does not have the discretion to allow the securities of delinquent companies to continue to trade on the OTCBB. A request for review by a hearing panel will stay the 4 a subsequent publication on the OTCBB Daily List of the removal. In this case, notice of removal will appear on the Daily List within one business day after the expiration of the grace period.15 Alternatively, if the delinquent issuer becomes current in its filings with the Commission or its respective regulator during any applicable grace period provided for in NASD Rule 6530, the “E” modifier will be removed from the trading symbol of that issuer’s security following subsequent publication thereof on the OTCBB Daily List.16 In this case, notice of the security’s removal until the panel makes its determination. An issuer that is not removed because it files a late report after requesting a hearing but before a decision by the hearing panel has been issued in the matter would not be considered to have failed to file for purposes of NASD Rule 6530(e)(2), however, that issuer would be considered to have filed late for purposes of NASD Rule 6530(e)(1). In a separate filing with the Commission, NASD is proposing to clarify the availability of this review process and to adopt fees for such review. See SR-NASD-2005-067 (available at http://www.nasd.com). See also Securities Exchange Act Release No. 52786 (November 16, 2005), 70 FR 70907 (November 23, 2005) (SR-NASD-2005-011). 15 After publication on the Daily List, the issuer’s securities will be removed from quotation on the following business day. Telephone conversation among Andrea Orr, Assistant General Counsel, NASD, Nancy Sanow, Assistant Director, Division of Market Regulation, Commission, Tim Fox, Special Counsel, Division of Market Regulation, Commission, and Richard Holley III, Special Counsel, Division of Market Regulation, Commission, on March 20, 2006. 16 A delinquent issuer may not prevent its security from being removed from the OTCBB by filing the required complete periodic report after the grace period expires but before notice of removal is published on the OTCBB Daily List and the security is removed from the system (e.g., if the issuer files the report on the 31st day following publication, where the grace period expired on the 30th day), and OTCBB market makers are not permitted to initiate quotations in delinquent issuers in such instances after the grace period has expired. After the expiration of any applicable grace period where the issuer has not filed the complete periodic report, NASD will continue to process the removal, and an NASD member would only be permitted to quote the issuer’s security to the extent permitted by NASD Rule 6530 and other applicable rules. Telephone conversation among Andrea Orr, Assistant General Counsel, NASD, Nancy Sanow, Assistant Director, Division of Market Regulation, Commission, Tim Fox, Special Counsel, Division of Market Regulation, Commission, and Richard Holley III, Special Counsel, Division of Market Regulation, Commission, on March 20, 2006. 5 symbol change will appear on the OTCBB Daily List within one business day after the filing of the complete periodic report.17 2. Statutory Basis NASD believes that the proposed rule change is consistent with the provisions of Section 15A(b)(6) of the Act, which requires, among other things, that NASD rules must be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and, in general, to protect investors and the public interest. NASD believes that the proposed rule change will clarify and provide greater transparency to the process for removing the securities of issuers from quotation on the OTCBB that fail to comply with the reporting requirements in NASD Rule 6530. B. Self-Regulatory Organization's Statement on Burden on Competition NASD does not believe that the proposed rule change will result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act, as amended. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received from Members, Participants, or Others Written comments were neither solicited nor received by NASD. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The proposed rule change has become effective pursuant to Section 19(b)(3)(A)(i) of the Act18 and Rule 19b-4(f)(1) thereunder,19 in that the proposed rule change constitutes a stated 17 See email from Andrea Orr, Assistant General Counsel, NASD to Tim Fox, Special Counsel, Division of Market Regulation, Commission, dated March 22, 2006. 18 15 U.S.C. 78s(b)(3)(A)(i). 19 17 CFR 240.19b-4(f)(1). 6 policy, practice, or interpretation with respect to the meaning, administration, or enforcement of an existing rule of NASD. At any time within 60 days of the filing of the proposed rule change, the Commission may summarily abrogate such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments: Use the Commission’s Internet comment form (http://www.sec.gov/rules/sro.shtml); or • Send an e-mail to rule-comments*sec.gov. Please include File Number SR-NASD-2006-029 on the subject line. • Paper Comments: Send paper comments in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. • All submissions should refer to File Number SR-NASD-2006-029. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the 7 8 proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for inspection and copying in the Commission’s Public Reference Room. Copies of the filing also will be available for inspection and copying at the principal office of NASD. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to the File Number SR-NASD-2006-029 and should be submitted on or before [insert date 21 days from publication in the Federal Register]. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.20 Nancy M. Morris Secretary
posted
I don't think we all labeled that guy as a basher. He didn't present DD... he came with his opinion "supported by 3 other people from other boards."
That is what is being questioned.
We try to confirm it ourselves here on Allstocks before it is labeled fact.
We haven't seen real bashers for weeks here. They do not survive.. and it is due to the discourse, not labeling them as bashers, that deters their presence here.
quote:Originally posted by RyanPBF: speaking of mm's today I think this is the most mm's we've had trading us I think there are like 48 mm's on us now.
I was thinking the same thing. There are so many and many new ones.
Actually, Rufus was incorrect - I will lay it out again - so that all can see for themselves that the due date is today. If it worries you or does not worry you that the CEO did not know this, that is for each shareholder to decide - especially since we are nearing the bell.
Period Ended 10-Q Filing Deadline 10-K Filing Deadline Tuesday, January 31, 2006 Friday, March 17, 2006 Monday, May 01, 2006 Tuesday, February 28, 2006 Friday, April 14, 2006 Tuesday, May 30, 2006 Friday, March 31, 2006 Monday, May 15, 2006 Thursday, June 29, 2006 Sunday, April 30, 2006 Wednesday, June 14, 2006 Monday, July 31, 2006 Wednesday, May 31, 2006 Monday, July 17, 2006 Tuesday, August 29, 2006 Friday, June 30, 2006 Monday, August 14, 2006 Thursday, September 28, 2006
As such, our original due date was September 28th, yet CSHD filed an extension.
Part II - B reads and I quote "The subject annual report, semi-annual report..... will be filed on or before the 15th calendar day following the prescribed due date"
CSHD prescribed due date was September 28 - see above. So the new due date for the 10K is 15 days from September 28 - which is today.
Does anyone care to disagree?
-------------------- Disclaimer: Not accountable for anything I say
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quote:Originally posted by RyanPBF: I agree dog. I didn't label him as a basher either.
I DID!!!!
Just kiddin'.. Never read a single post that called him that....Annnnd If He is tha damn sensetive......F um!!! ( kidding again)....NOT!!! HAAAAAA hahahahahah
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quote:Originally posted by 10of13: OK..guys...I placed an order at 2.05...and I just went to change the order and it was already filled...at 11:24? When did it drop that low?
Buy 10/13/06 10:55:03 AM EDT 11:24:59 AM EDT 1,050 CSHD Stock (US) CONVERSION SLTNS HLDGS CP 2.05000 $2.05 USD $2,157.50
Man - that was one lucky pick - I've got one drop on my scottrader showing it down from 2.25 to 2.05 then right back up to 2.24 at 11:24 - lucky grab.
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quote:Originally posted by stocktrader22: From HSM:
Actually, Rufus was incorrect - I will lay it out again - so that all can see for themselves that the due date is today. If it worries you or does not worry you that the CEO did not know this, that is for each shareholder to decide - especially since we are nearing the bell.
Period Ended 10-Q Filing Deadline 10-K Filing Deadline Tuesday, January 31, 2006 Friday, March 17, 2006 Monday, May 01, 2006 Tuesday, February 28, 2006 Friday, April 14, 2006 Tuesday, May 30, 2006 Friday, March 31, 2006 Monday, May 15, 2006 Thursday, June 29, 2006 Sunday, April 30, 2006 Wednesday, June 14, 2006 Monday, July 31, 2006 Wednesday, May 31, 2006 Monday, July 17, 2006 Tuesday, August 29, 2006 Friday, June 30, 2006 Monday, August 14, 2006 Thursday, September 28, 2006
As such, our original due date was September 28th, yet CSHD filed an extension.
Part II - B reads and I quote "The subject annual report, semi-annual report..... will be filed on or before the 15th calendar day following the prescribed due date"
CSHD prescribed due date was September 28 - see above. So the new due date for the 10K is 15 days from September 28 - which is today.
Does anyone care to disagree?
Sounds logical......
Bet we see it 5pm today. He gave shorty every chance to cover.
posted
When you brought this up? I think that it was my BUY...not a sell..I find that odd...because the pPS was at about 2.25/2.27 at the time... Oh well I guess I just got a bargin....
quote:Originally posted by a surfer:
quote:Originally posted by Vin: How big were those 2.05 sells?
1050 and 300
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by 10of13: OK..guys...I placed an order at 2.05...and I just went to change the order and it was already filled...at 11:24? When did it drop that low?
Buy 10/13/06 10:55:03 AM EDT 11:24:59 AM EDT 1,050 CSHD Stock (US) CONVERSION SLTNS HLDGS CP 2.05000 $2.05 USD $2,157.50
Yea 10 that was you!!! They showed as a sell on the L2. Good for you though!!
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posted
Good morning, I say, since i'm in California vacationing and it's only 10 am. I have been with this stock since the beginning of July. What a wild emotional ride it's been. Maybe a lot of it is reading ihub and all the negative stuff that comes up over there. You guys are doing a good job over here. At least most of you are pro CSHD, which would appear to be a profitable decision. Thats one thing the bashers can't claim is that they have or will make any money on this stock. Since it's such a scam and all. Ya right. They probably won't tell us if they do. It's good to be coming up to the next step in this companies growth plan. We have all been waiting for what seems like forever to me.
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