posted
rufus advice go golfing or bowling for two weeks come back and watch your acct. grow by 600% ...LOL
Posts: 6410 | Registered: Jul 2006
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posted
So, anyone care to speculate what the closing pps would have been yesterday if the 10k had said Oct 16th in it? How about speculation as to how one of THE MOST IMPORTANT parts of the document was incorrect? Chart do you really believe it was typo´d on purpose? I mean, it worked out great for us but put the screws to folks that may have been on the fence yesterday. It definately cleared the house of daytraders and caught shorters off guard....i suppose its possible it was intentional, but i dont think we will ever know. Maybe some legal issues there? Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by RyanPBF: Hey cat I think this is the difference from the previous 10-k
The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 16, 2006, the issuance date of the Reset shares is October 30, 2006 10 business days from the filing of this form 10-KSB.
The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 16, 2006 (X) minus Actual Closing Price
I believe on the original 10-k the date that was stated was October 30th for the calculations.
Yup, thats the ticket. That little typo did serious damage IMO
I'm not so sure it was a tyo Cat. I think it was kind of intentional.
quote:Originally posted by RyanPBF: Hey cat I think this is the difference from the previous 10-k
The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 16, 2006, the issuance date of the Reset shares is October 30, 2006 10 business days from the filing of this form 10-KSB.
The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 16, 2006 (X) minus Actual Closing Price
I believe on the original 10-k the date that was stated was October 30th for the calculations.
Yup, thats the ticket. That little typo did serious damage IMO
That is a big difference from this: I am thinking at this point anyone who sold yesterday now has a lawsuit against CSHD.
The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 30, 2006 10 business days from the filing of this form 10-KSB. The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 30, 2006 (x) minus Actual Closing Price on October 30, 2006) (15 / X - X).
Posts: 42 | Registered: Sep 2006
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quote:Originally posted by RyanPBF: Hey cat I think this is the difference from the previous 10-k
The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 16, 2006, the issuance date of the Reset shares is October 30, 2006 10 business days from the filing of this form 10-KSB.
The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 16, 2006 (X) minus Actual Closing Price
I believe on the original 10-k the date that was stated was October 30th for the calculations.
Yup, thats the ticket. That little typo did serious damage IMO
I'm not so sure it was a tyo Cat. I think it was kind of intentional.
Yea, maybe so. But we should just forget it and move on. Shhhh Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by RyanPBF: Hey cat I think this is the difference from the previous 10-k
The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 16, 2006, the issuance date of the Reset shares is October 30, 2006 10 business days from the filing of this form 10-KSB.
The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 16, 2006 (X) minus Actual Closing Price
I believe on the original 10-k the date that was stated was October 30th for the calculations.
Yup, thats the ticket. That little typo did serious damage IMO
That is a big difference from this: I am thinking at this point anyone who sold yesterday now has a lawsuit against CSHD.
The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 30, 2006 10 business days from the filing of this form 10-KSB. The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 30, 2006 (x) minus Actual Closing Price on October 30, 2006) (15 / X - X).
Doesn't seem like that case would hold much water.
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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posted
First off folks listen to the man and read the new 10k.. It says we get the 6 for 1. now if you sell your shares, which he said you can...your original shares the others won't go into your account until on or around oct 30th you will be causeing the dilution...he stated if you have a gripe you are an arse, along with something about being greedy. Make sure it is in writting about selling the original shares cause if you don't have the right info you could screw yourselves!Then you wouldnt be able to blame anyone but yourselves. Like he said if you flip and sell etc you the shareholders cause the low pps, so whoever does it it's their own fault and when divys come for jvs and you are out well that's another oops for messsing around. He said to take 2 weeks off from the stock and it will be here he says whooo wee don't screw yourselves again by being left out next time.
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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posted
Stock manipulation and Stock Fraud for beginners.
Besides this is America and you dont need a case to hold much water. If Rufus does pull this off I am betting some of the bigger players who sold after the 10k posting yesterday will sue.
After all if the company does have 15B or whatever it can afford to pay someone off.
quote:Originally posted by frank021474:
quote:Originally posted by Kelroz:
quote:Originally posted by Mr. CATIAEngineer:
quote:Originally posted by RyanPBF: Hey cat I think this is the difference from the previous 10-k
The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 16, 2006, the issuance date of the Reset shares is October 30, 2006 10 business days from the filing of this form 10-KSB.
The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 16, 2006 (X) minus Actual Closing Price
I believe on the original 10-k the date that was stated was October 30th for the calculations.
Yup, thats the ticket. That little typo did serious damage IMO
That is a big difference from this: I am thinking at this point anyone who sold yesterday now has a lawsuit against CSHD.
The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 30, 2006 10 business days from the filing of this form 10-KSB. The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 30, 2006 (x) minus Actual Closing Price on October 30, 2006) (15 / X - X).
Doesn't seem like that case would hold much water.
posted
Kelroz I do remember seeing a very large section in the filing explaining the risks of "trading penny stocks" Is that explanation usually in 10k's?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
Originally Posted by ConCarne from *** Let's look into the short trade a bit more...
Say someone was short 1000 shares at the end of trading yesterday. Because of the short elimination they must deliver 7000 shares by 10/30 to whoever sits on the long side of their short trade. 6000 to cover the 6:1 distribution and 1000 for the original short trade.
If held at a brokerage like TDA, the short position will be marked with a pending capital requirement equivalent to the estimated value of the distribution owned. In this case it'll be 7,000 * $11.78 at worst case - best case it'll be 7,000 * current price. A huge new capital requirement.
All retail and naked short accounts are now capital negative and will be required to recapitalize their account or be cleared. The broker holds the liability and will liquidate any risk to their business it capital requirements aren't met. It's called a margin call.
If the capital requirement is met, the short is required to deliver real shares at the distribution date. What is owed is 7,000 shares to the long side of the trade. A naked short will have to go to the market to acquire real shares for delivery. They are required to close the naked positon T-3 by buying the current float. The trading halt to clear the distribution mandates that the short side has to have shares in hand before the distribution hence the T-3 requirement here (brilliant!).
The short side has to acquire 7X the shorted shares by next Tuesday or be outted as the originating broker of a naked short position that by REG SHO had to be cleared months ago.
Consider the buy pressure coming into CSHD.
So, if you knew the big game was next Tuesday, why are you even considering scalping your primo box seats in front of the stadium today?
Know who is on the other side of your trade.
Anyone considering selling today does not understand how the short side of this trade is going to get cleared.
Those selling tomorrow will be "without".
Posts: 712 | From: Pungo USA | Registered: Mar 2006
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posted
Dont know. Just saying that date change in the 10k/A is a HUGE difference. I thought Rufus was already walking a tight rope with all his talk show and msg. board ramblings.
I DID sell half my shares yesterday and will be selling the other half today as there is no reason to hold them any longer.
I am sure I will be back in for a bounce play before 10/30 though.
quote:Originally posted by 10of13: Kelroz I do remember seeing a very large section in the filing explaining the risks of "trading penny stocks" Is that explanation usually in 10k's?
posted
oh I do believe him saying the greed part about those flippin cause he wants to make sure everyone has 7 digits in their accounts but if you got caught or were scared you didn't do your dd or didn't know what you were gonna have... I tell ya believe in this company...from day one no on has scared me! Congrads to all those who stood true! Hope the flippin was worth itand thanks for bringing down the pps so we got more shares!!!!! Love it all.
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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quote:Originally posted by 10of13: In reality...no...but Jo was looking for you last night...she is in need of borrowing some of your itmes that you offered yesterday.
quote:Originally posted by Repoman75: Soooooooooooooo.... we will hit $54 today?
Ohhhh Jo, my favorite protege... good thing she has a bulk of cash in FRPT. I'm sure I'll catch her today, when the rest of the cult rolls out of bed for breakfast.
Pancakes anyone?
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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"Everythings been a stargegic move for the shareholders"
"Getting several hundred million in interest!"
They have 15 Billion total that can be booked which is available right now. It's not an overnight deal. we have been working on this for a long time.
Rufus said Right- NOT DILUTION!!!
"The Big Show is always the plan" reffering to Nasdaq
"PPS should increase" "The shares you have right now have 6 more attatched if you dump your share you're dumping everything that goes with it"
RUFUS:
A share issuance due to a reorganization through a merger. These are not dividend shares or forward splits. It's been filed since the original 8K merger agreement.
These shares will NOT be restricted If you sold today your out of luck, if you bought today you get the 6, no settlment waiting or anything
"Go away for 2 weeks, play soccer, go fishin' do whatever, in 2 weeks your new shares will be there."
quote:Originally posted by Kelroz: Dont know. Just saying that date change in the 10k/A is a HUGE difference. I thought Rufus was already walking a tight rope with all his talk show and msg. board ramblings.
I DID sell half my shares yesterday and will be selling the other half today as there is no reason to hold them any longer.
I am sure I will be back in for a bounce play before 10/30 though.
quote:Originally posted by 10of13: Kelroz I do remember seeing a very large section in the filing explaining the risks of "trading penny stocks" Is that explanation usually in 10k's?
Every company has these types of disclaimers in Filings, even IBM. They are industry norm. Verbiage may differ, but normal.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by Kelroz: Dont know. Just saying that date change in the 10k/A is a HUGE difference. I thought Rufus was already walking a tight rope with all his talk show and msg. board ramblings.
I DID sell half my shares yesterday and will be selling the other half today as there is no reason to hold them any longer.
I am sure I will be back in for a bounce play before 10/30 though.
quote:Originally posted by 10of13: Kelroz I do remember seeing a very large section in the filing explaining the risks of "trading penny stocks" Is that explanation usually in 10k's?
Every company has these types of disclaimers in Filings, even IBM. They are industry norm. Verbiage may differ, but normal.
Kelroz-
I dont understand why you would sell the 2nd half of your holdings?
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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posted
No folks nolawsuits he he its the stocks you either sell or hold to get what it's worth! If you wanted money now (greed) you sold if you wanted more money(smart) you held! Just like if u thought it was going down u sold if scared and wanted to save some but if u know what this co is you held and trusted same as any other trade with any other stock.......He warned everyone did you heed to his words????? glta
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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quote:Originally posted by Kelroz: If Rufus does pull this off I am betting some of the bigger players who sold after the 10k posting yesterday will sue.
Why would they sue? Those who sold, sold on their own free will. They were never told to sell.
Posts: 712 | From: Pungo USA | Registered: Mar 2006
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posted
No reason to hold them. You DONT get anything for holding your shares today. You will still get your 6 for 1 extra shares for anything you held as of yesterdays close.
I *think* the price will go down between now and 10/30. So I will sell on the next spike and buy back for a nice bounce next week.
Remember though I am a trader and not a *real* long.
quote:Originally posted by frank021474:
quote:Originally posted by Repoman75:
quote:Originally posted by Kelroz: Dont know. Just saying that date change in the 10k/A is a HUGE difference. I thought Rufus was already walking a tight rope with all his talk show and msg. board ramblings.
I DID sell half my shares yesterday and will be selling the other half today as there is no reason to hold them any longer.
I am sure I will be back in for a bounce play before 10/30 though.
quote:Originally posted by 10of13: Kelroz I do remember seeing a very large section in the filing explaining the risks of "trading penny stocks" Is that explanation usually in 10k's?
Every company has these types of disclaimers in Filings, even IBM. They are industry norm. Verbiage may differ, but normal.
Kelroz-
I dont understand why you would sell the 2nd half of your holdings?
posted
Morning all. Gotta take the kiddies to school. See ya all before the bell. Ding, ding, ding, DONG!!!!!
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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posted
You guys are not seeing what I am saying about a lawsuit. Read the difference in the 10ks.
He CHANGED the DIVY DATE after trading hours. PPL sold thinking they could get back in by 10/30 and then he changed it to 10/16 locking those SAME people out. I have NEVER seen that done before.
Again this is America and you can sue for ANYTHING! Question is would it be worth it?
quote:Originally posted by luvforever: No folks nolawsuits he he its the stocks you either sell or hold to get what it's worth! If you wanted money now (greed) you sold if you wanted more money(smart) you held! Just like if u thought it was going down u sold if scared and wanted to save some but if u know what this co is you held and trusted same as any other trade with any other stock.......He warned everyone did you heed to his words????? glta
posted
kilikili Not sure that one can start a lawsuit for being impatient...LOL an dthat would be the only reason anyone sold yesterday...because they didn't want to wait...I don't see any lawsuits...
And Kelroz: Careful selling..not sure that you will get the actual 6 extra shares if you do that...and you may end up having to "pay for the difference" I don't know...I am just saying...Careful careful!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
Rufus quotes #2: [special thanks to Wally and Jenna!!]
"Evrything's starting from here I said after the 10K the ball starts rolling, now it's all down here from here."
The reset was posted in the filings from the original 8K to the 8KA. It's not a forward split per say, it's an issuance of shares due to a reset based on the reorganization merger.
That's what I've gleaned from RUFUS. He just mentioned PIPE resets. Not normal here on the OTCBB but normal on bigger stocks.
Q:Was it part of the plan all along?
A: This was all layed out... This way he doesn't need approval, knew he was going to do it this was from the beginning
"It's still $15 / share if you can't do the math I can't help you, it's so simple it's stupid!"
"We met the Qualifications for Nasdaq Tues of Last week!!!!!"
Said that CSHD has met the requirements for uplisting since last Tuesday- and to watch for news.
"Go read documents ver carefully.........JV's do not receive any funds until we file S3's"
Q: If the PPS is below $11 on the 30th will you reset to $11?
A: No, you've all recieved your shares... we're giving you the money.....it's for your benefit, it's for your liquidity, not ours"
Rufus said he still has some ACES up his sleeve!
Q: If the PPS stays at around $2 / share in January, then what?
A; "Impossible, these's a few more steps in the ladder, if it does that I'll be one surprised puppy.
Q: Why wait 'til the 30th?
A:Because I have to let Nasdaq know.
Q: Do they have to approve it?
A: What do they have to approve. I don't have to ask them. I just have to notify them. The only thing they regulate is the time frame - 1o days"
posted
Still the same deal...just a different date...You can't sue someone because you are impatient...
quote:Originally posted by Kelroz: You guys are not seeing what I am saying about a lawsuit. Read the difference in the 10ks.
He CHANGED the DIVY DATE after trading hours. PPL sold thinking they could get back in by 10/30 and then he changed it to 10/16 locking those SAME people out. I have NEVER seen that done before.
Again this is America and you can sue for ANYTHING! Question is would it be worth it?
quote:Originally posted by luvforever: No folks nolawsuits he he its the stocks you either sell or hold to get what it's worth! If you wanted money now (greed) you sold if you wanted more money(smart) you held! Just like if u thought it was going down u sold if scared and wanted to save some but if u know what this co is you held and trusted same as any other trade with any other stock.......He warned everyone did you heed to his words????? glta
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
God you dont understand. I am beginning to understand Repo's koolaid remarks today.
quote:Originally posted by 10of13: Still the same deal...just a different date...You can't sue someone because you are impatient...
quote:Originally posted by Kelroz: You guys are not seeing what I am saying about a lawsuit. Read the difference in the 10ks.
He CHANGED the DIVY DATE after trading hours. PPL sold thinking they could get back in by 10/30 and then he changed it to 10/16 locking those SAME people out. I have NEVER seen that done before.
Again this is America and you can sue for ANYTHING! Question is would it be worth it?
quote:Originally posted by luvforever: No folks nolawsuits he he its the stocks you either sell or hold to get what it's worth! If you wanted money now (greed) you sold if you wanted more money(smart) you held! Just like if u thought it was going down u sold if scared and wanted to save some but if u know what this co is you held and trusted same as any other trade with any other stock.......He warned everyone did you heed to his words????? glta
It's up to the shareholder...starve the beast....if you don't flip it hold it, name your price...if you starve the beast..he will go away.......if no one sold for 2 weeks there's no telling where the PPS can go!!!!
Rufus just said that everyone is getting confused because they are thinking of this as a dividend or Forward split and it is neither. It is part of a reorganization merger and the shares were given in consideration of the Price reset. Cash dividends are in the future of the company. It a share issuance not a dividend or split.
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