quote:He did miss one thing about the latest bond though, and that is that Rufus miss-stated its face value by a factor of about 8.
how mis-stated? what's your source/proof, etc?
Others researched that, not me. I did not keep the link to the research. If you investigate the bond, you'll find that it has a face value of $700 mm. Now tell me how Rufus can claim it is worth $5 bn??? Of course, like all the others, it is owned by multiple parties. Rufus can NOT claim the face value as his. [/QB][/QUOTE]
good lord, are we still back at this??? read the 10K and if u want research the individual bond urself.. there are several, i hope u do realize
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
| IP: Logged |
posted
burn out, sometimes when I get burn out I go fishing, you should try it, clears the mind and then you can concentrate on these things better...
Posts: 572 | From: usa | Registered: Aug 2006
| IP: Logged |
posted
Doc- as far as Ben goes- I feel like we are waiting for the tooth fairy to arrive. I don't think they can reach him because he's probably SLEEPING!!
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
| IP: Logged |
quote:He did miss one thing about the latest bond though, and that is that Rufus miss-stated its face value by a factor of about 8.
how mis-stated? what's your source/proof, etc?
Others researched that, not me. I did not keep the link to the research. If you investigate the bond, you'll find that it has a face value of $700 mm. Now tell me how Rufus can claim it is worth $5 bn??? Of course, like all the others, it is owned by multiple parties. Rufus can NOT claim the face value as his. [/QB][/QUOTE] -------------- sorry... lame azz post, man. Sure, the pumpers suck, too. I ain't here alla time. But that "I did not keep the link" chit ain't helping anybody...
quote:Originally posted by Jenna: Atthebank - it's ok. I thought if he believed me - he would leave....ssshhh.. maybe if we're very very quiet he'll go away.......
posted
Some of these people that come here to aggravate us have to know how it pis*es us off. They really are like bugs in the night. That is how I look at them. I feel like spaying them with Raid.
Posts: 557 | From: UpState New York | Registered: Sep 2006
| IP: Logged |
quote:Originally posted by driver4t3: burn out, sometimes when I get burn out I go fishing, you should try it, clears the mind and then you can concentrate on these things better...
FUNNY.....
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
| IP: Logged |
quote:Originally posted by driver4t3: burn out, sometimes when I get burn out I go fishing, you should try it, clears the mind and then you can concentrate on these things better...
posted
Unless I am completely wrong, the E will still be there tomorrow. I hope I am wrong. I am going to bed. Good night all.
Posts: 557 | From: UpState New York | Registered: Sep 2006
| IP: Logged |
posted
Doc- I'm going to bed - Simon read a message at 10:00 that within the next half hour Ben would be on HSM & I think everyone's been patient enough. He probably is in bed too!
See you all in the morning & like I say every night......may you have....
*************************************************
Champagne Wishes & Cavair Dreams
*************************************************
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
| IP: Logged |
quote:Originally posted by thedoctor: Some of these people that come here to aggravate us have to know how it pis*es us off. They really are like bugs in the night. That is how I look at them. I feel like spaying them with Raid.
it is irritating, but this is an open forum board as far as discussion is concerned, guess they have the right to be here, but allstocks has done a very good job keeping those people away, best thing is just work around thier posts and ignore the garbage, just trying to shake us.. CSHD LONG Posts: 572 | From: usa | Registered: Aug 2006
| IP: Logged |
posted
OH my Gosh - 10 - you are right!!!!!!! I just check HSM & they must have copied & pasted my posts!!!! The other night I was listening to Rufus & typing what he said for this message board....someone over there just posted to remember what Rufus said & what they posted was my EXACT post... I wonder if they claim it as their own? We always credit HSM when we pull something over.... I guess I shouldn't be shocked but it's weird when it's your own post...you know?
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
| IP: Logged |
quote:Originally posted by T e x: that being said?
would enjoy reading responses to the latest s t o c k w a t c h .com news/post.
I think Webb ruins his credibility when he refrences sloplemon & sourstreet.... and why does he call the shareholders the cult...if he's supposed to be objective by him calling the shareholder "the cult" he's trying to insult us right off the bat.
That's my response - it's toilet paper.
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
| IP: Logged |
posted
Sorry, I couldn't find data on that latest bond. Perhaps someone here can refute the claim which I can't seem to back up.
Meanwhile, here is a quote from another board. The subject is what must be done in order to change the A/S -
"To be specific, if they have voting control so the actual proxy solicitation is unnecessary and voting can be by written consent but it still is a shareholder vote. If they have sufficient control, they can state that it is not necessary to send proxies back but they still need to go through the motions. Here is a link to the last time the corporation (Furia) changed the number of authorized shares. You will note that this proxy states clearly that it is being mailed and that prior to mailing they had to have obtained sufficient written authorizations from the appropriate majority of shareholders. It further states that the change wont go into effect until 20 days after AFTER mailing of the DEF 14C. http://www.sec.gov/Archives/edgar/data/757563/000103883804000654/def14c.txt
Of course the DEF 14C must be preceeded by the PRE 14C by another 10 days so we are looking at a proces that will take a month from the time the PRE 14C is filed which will necessarily have to follow a board meeting which does not appear to have taken place yet.
Still, the essential thing is that Rufus and the board approved an action that is impossible based upon the current Articles of Incorporation and there is no way that these shares can be issued on October 30th.
Of course, it may be moot as it is now less than 30 days before this stock will be trading on the pink sheets unless Rufus can figure out how to get complaint and with the legal and accounting support he seems to have, that looks highly unlikely.
He has a CFO that is not signing the Sarbanes Oxley statement. He does not have a combined audit of the merged companies. He does not have a Form 10K that is remotely compliant and does not appear to have even been prepared by an attorney. He is obviously clueless as to the sum and substance of SEC regulations (as is the SEC it would seem) Seems to think he can do things his way instead of the proper way."
You guys wanna guess who authored that piece?
Posts: 36 | Registered: Oct 2006
| IP: Logged |
CSHD has not declared or paid any dividends on its Common Stock. CSHD has not yet formulated a future dividend policy in the event restrictions on its ability to pay dividends are created.
so its not a FS and its not a dividend....what is then? an under the table thing?
Posts: 3086 | From: miami | Registered: Nov 2005
| IP: Logged |
quote:Originally posted by trade04: Dividend Restrictions (from the 10k)
CSHD has not declared or paid any dividends on its Common Stock. CSHD has not yet formulated a future dividend policy in the event restrictions on its ability to pay dividends are created.
so its not a FS and its not a dividend....what is then? an under the table thing?
merger issuance...
Posts: 572 | From: usa | Registered: Aug 2006
| IP: Logged |
quote:Originally posted by rburnout: Sorry, I couldn't find data on that latest bond. Perhaps someone here can refute the claim which I can't seem to back up.
Meanwhile, here is a quote from another board. The subject is what must be done in order to change the A/S -
"To be specific, if they have voting control so the actual proxy solicitation is unnecessary and voting can be by written consent but it still is a shareholder vote. If they have sufficient control, they can state that it is not necessary to send proxies back but they still need to go through the motions. Here is a link to the last time the corporation (Furia) changed the number of authorized shares. You will note that this proxy states clearly that it is being mailed and that prior to mailing they had to have obtained sufficient written authorizations from the appropriate majority of shareholders. It further states that the change wont go into effect until 20 days after AFTER mailing of the DEF 14C. http://www.sec.gov/Archives/edgar/data/757563/000103883804000654/def14c.txt
Of course the DEF 14C must be preceeded by the PRE 14C by another 10 days so we are looking at a proces that will take a month from the time the PRE 14C is filed which will necessarily have to follow a board meeting which does not appear to have taken place yet.
Still, the essential thing is that Rufus and the board approved an action that is impossible based upon the current Articles of Incorporation and there is no way that these shares can be issued on October 30th.
Of course, it may be moot as it is now less than 30 days before this stock will be trading on the pink sheets unless Rufus can figure out how to get complaint and with the legal and accounting support he seems to have, that looks highly unlikely.
He has a CFO that is not signing the Sarbanes Oxley statement. He does not have a combined audit of the merged companies. He does not have a Form 10K that is remotely compliant and does not appear to have even been prepared by an attorney. He is obviously clueless as to the sum and substance of SEC regulations (as is the SEC it would seem) Seems to think he can do things his way instead of the proper way."
You guys wanna guess who authored that piece?
That seems like solid info unfortunately, can anyone refute it?
Posts: 6266 | Registered: Jun 2004
| IP: Logged |
posted
Tex, I think there were a few comments back in the thread...but not much to really bother trying to look up... I have no comment on it because there was nothng "new" stated in that article, it was more of a re-cap. kinda like half the posts in this thread...LOL
OK..just had to let the dogs out...so i checked this thread...and HSM..nothing was ever posted by Ben or Tut...going back to bed...night guys...
quote:Originally posted by T e x: that being said?
would enjoy reading responses to the latest s t o c k w a t c h .com news/post.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
Stocktrader22? Rburnt post? Is from another board and has info as to how the "old Furia" did things...I am not going to go and look because it's late...but I believe that CSHD has adopted new "rules, policies and what not"
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by 10of13: Stocktrader22? Rburnt post? Is from another board and has info as to how the "old Furia" did things...I am not going to go and look because it's late...but I believe that CSHD has adopted new "rules, policies and what not"
Ummm, those are SEC rules, 10of13......I don't think even the great Rufus can make up his own...though he sure seems to be trying with his "not a split and not a dividend" latest spin.......
Posts: 36 | Registered: Oct 2006
| IP: Logged |
quote:Originally posted by 10of13: Stocktrader22? Rburnt post? Is from another board and has info as to how the "old Furia" did things...I am not going to go and look because it's late...but I believe that CSHD has adopted new "rules, policies and what not"
Ummm, those are SEC rules, 10of13......I don't think even the great Rufus can make up his own...though he sure seems to be trying with his "not a split and not a dividend" latest spin.......
I wouldnt be surprised if there was loophole Rufus found for this which you bashers havent looked for.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
| IP: Logged |
posted
reset pricing. The purchase price of the common stock or the conversion price of a convertible security is set either (i) at closing or (ii) on a specified date after closing and is subject to adjustment (downward or upward) based on various criteria that can include fundamental performance (operational reset), a specified event (event-driven reset), or the stock price of the issuer at a given point in time after closing (threshold price reset).
posted
Personally im betting on the idea that Rufus an company didnt just spend years putting something together without knowing how to finish it. There is obviously something that is being missed burnout. If it turns out CSHD was wrong and they have or intended to violate an SEC rule then ill gladly admit i was incorrect "betting" on them.
My position has not changed and wont until i fully understand that there is no loophole available in this case.
Posts: 2308 | From: Michigan | Registered: Jun 2006
| IP: Logged |
Thomas Benson, C.P.A. Certified Public Accountant 4599 Mistywood Drive Okemos, MI 48864
We hereby consent to the use in Form 10-KSB of our report dated October 15, 2006 relating to the consolidated audited financial statements of Conversion Solutions Holdings Corp for its fiscal year ended June 30, 2006, which is incorporated by reference therein.
October 15, 2005
-S- Thomas Benson ____________________
THOMAS BENSON, C.P.A.
87
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Smile]](smile.gif)
