quote:Originally posted by GreenDay: Does St. Matt know tut?
I simply PM him...every now and then he responds. Sometimes we have PM conversations. I try to ask questions that I think he will answer. He does not answer simple questions...which is very intriguing to me. That's one of the reasons that I think there is something very real about Tut.
BTW...I had one of those conversations with him today and he told me that he would have something to say on Sunday.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
St. Matthew Posts: 885 | From: Dallas, Texas | Registered: Sep 2006
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Who knows. It only has to be reported by 10 days after the increase. It is a fact that they will have to increase the A/S to support an O/S of 630 million. The A/S is only 200 million as of now.
The voting can be done by the majority shareholders and doesnt have to include all of us. So it's just a show of hands and a filing. then they tell the transfer agent how to issue the shares, and they in turn tell the DTCC and the brokerage.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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quote:Originally posted by bigstocks: St Matt, I know the feeling. I trade at work and actually trade more than I work. So i cant post much either. Been trading longer than I care to say. Most ignore my posts but I dont mind, many times I cant respond because I get busy working or trading. JMHO
Hang in there man, and contribute what you can...we appreciate all DD and if it helps one person, it's worth it.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
St. Matthew Posts: 885 | From: Dallas, Texas | Registered: Sep 2006
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posted
10- I'm not worried or anything I just am trying to find out the rules on the share issuance....they're clear about dividends & splits but I was just trying to find something on share issuances.
quote:Originally posted by 10of13: Jenna? What are you looking for? What is the "worry-concern"?
quote:Originally posted by Jenna: I'm still digging...
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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posted
More interesting stuff from concarne on HSM
My best guess...
We find out why the Caracas Group has $5Bil in this biz and the significance of Venezula in general. We also find out why there's a clear 7:26 ownership transfer timestamp on the new bonds which is prior to the ammended filing of the 10K at 7:43. The 9/27 PR only spoke of these as being added to the "asset management portfolio" and not actual corporate ownership announced this week.
Federal racketeering charges made. We find out who hypoticated the shares. I think a few boards get enjoined along with a major broker. Somewhat similar to this but in reverse with different named parties:
Recapitalize and set the reset price at BV (~$11.78) set by 10/16 10K. 10/16 BO's get 7:1 shares in new entity.
Either the named racketeering parties settle shorts on the market, a negotiated price, or the SIPC cleans up the pieces and make investors whole to BV at the reset price - $11.78 post (7:1) recapitalization ($70 on current outstanding shares).
Resume trading on NASDAQ.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
Are you frekin' serious? I'll be curious to know if that was posted after my first post...I swear they read this - then try to post like they've discovered somethin' - right St. Matt?
quote:Originally posted by stocktrader22: jenna you were onto things:
Post from Phil at HSM:
Who knows. It only has to be reported by 10 days after the increase. It is a fact that they will have to increase the A/S to support an O/S of 630 million. The A/S is only 200 million as of now.
The voting can be done by the majority shareholders and doesnt have to include all of us. So it's just a show of hands and a filing. then they tell the transfer agent how to issue the shares, and they in turn tell the DTCC and the brokerage.
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by Jenna: Are you frekin' serious? I'll be curious to know if that was posted after my first post...I swear they read this - then try to post like they've discovered somethin' - right St. Matt?
quote:Originally posted by stocktrader22: jenna you were onto things:
Post from Phil at HSM:
Who knows. It only has to be reported by 10 days after the increase. It is a fact that they will have to increase the A/S to support an O/S of 630 million. The A/S is only 200 million as of now.
The voting can be done by the majority shareholders and doesnt have to include all of us. So it's just a show of hands and a filing. then they tell the transfer agent how to issue the shares, and they in turn tell the DTCC and the brokerage.
This is what I'm saying...LOL
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
St. Matthew Posts: 885 | From: Dallas, Texas | Registered: Sep 2006
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posted
Here's a sample of a Due Bill... I wish there was a way to find out if CSHD has filled these out....
IM-11630. Sample Due-Bill Forms (a) Due-Bill for Stock Dividend or Stock Distribution For value received, the undersigned hereby assigns, transfers and sets over to................the stock distribution of........( ) shares of..............stock of...............................to be issued on..............to the registered holder of.....................( ) shares of.................stock of..................represented by certificate number............., to which the undersigned is entitled as a stock dividend, and hereby irrevocably constitutes and appoints....................attorney to transfer the shares representing said stock dividend on the books of said corporation, with full power of substitution in the premises. Dated....................... ................................. (Official Signature) ____________________________
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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2.3 Merger consideration (c) In the event the Buyer changes the number of shares of the Buyer's Stock issued and outstanding prior to the Effective Time as a result of a stock split, stock dividend or other distribution payable in Buyer's Stock or securities convertible into Buyer's Stock or similar recapitalization with respect to such stock or effects a reclassification, combination or other change with respect to Buyer's Stock (each a "Stock Adjustment" ) and the record date therefore (in the case of a stock dividend) or the effective date thereof (in the case of a stock split or similar recapitalization, reclassification or combination for which a record date is not established) shall be prior to the Effective Time.
5.3 Buyers stock
a) The authorized capital stock of the Buyer consists of 200,000,000 shares of common stock, $.001 par value per share, of which 62,157,721 shares are issued and outstanding as of the date of this Agreement, and except for such shares, there are no shares of capital stock of the Buyer outstanding. There are options see Exhibit D (" FHAL Financials" ). In addition, there are 10,000,000 shares of capital stock reserved under the Fronthaul Group Inc. Compensation Plan for Outside Direct
-------------------- #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
(d) Shareholder Approval . Subject to Section 6.1(c) , the Company shall, at the earliest practicable date following the effective date of the Registration Statement covering the Buyer's Stock to be issued in the Merger, (i) promptly and duly call, give notice of, convene and hold a meeting of its shareholders for the purpose of voting to approve this Agreement and the transactions contemplated hereby, including the Merger, (ii) take all reasonable action to solicit and obtain such approval
(a) Reservation of Shares of the Buyer's Stock . The Buyer shall reserve for issuance a sufficient number of shares of the Buyer's Stock to cover the issuances of such stock required hereby and shall file such forms as may be required to notify Over the Counter NASDAQ Bulletin Board of Buyer's intent to list on the NASDAQ National Market System the additional shares of Surviving Holdings Company stock to be issued as part of the Merger Consideration
-------------------- #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
Doesn't this sentence here... The Surviving Holdings Company shall use its reasonable best efforts to obtain any regulatory approvals referred to in the first sentence of this Section 6.2(b)(i) prior to the Closing Date and the directors will be as follows
And the first sentence that they are tallking about is... (a) Reservation of Shares of the Buyer's Stock . The Buyer shall reserve for issuance a sufficient number of shares of the Buyer's Stock to cover the issuances of such stock required hereby and shall file such forms as may be required to notify Over the Counter NASDAQ Bulletin Board of Buyer's intent to list on the NASDAQ National Market System the additional shares of Surviving Holdings Company stock to be issued as part of the Merger Consideration.
What I "get" out of those statements is that as far as the merger goes they can do what they decide to do with the share structure...
"reasonable best efforts" NOBO list? And it was incorrect in the begining...but they did try...couldn't get the info they needed and then made the decision to increase shares?
-------------------- #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
Yes, all of the information that's available is either in the filings or has come straight from Rufus' mouth. All the other information is not out there or hasn't been said by Rufus yet.
Posts: 12 | From: New York City | Registered: Oct 2006
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posted
I don't know if I've created confusion about what I was digging for but- Bilgert said something about the share issuance not being registered- so I was looking for rules pertaining to share issuances on the Nasdaq site...what I thought I had stumbled on to was a rule stating that the company simply has to let them know within 10 days of the share issuance didn't matter if it was before or AFTER just within 10 days-
so I was implying that maybe Bilgert's point about it not being filed with Delaware maybe didn't matter- that's all...
Bilgert- To my knowledge, the dividend has not been registered with the State of Delaware- - and we still are trading at around $2. Don't rest on your laurels. Try and figure out why we don't have the dividend registered. Why is this still not reflecting 2x(price book), even though we have audited financials. And these are just 2 basic questions.
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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posted
This is a good line of thought, and I hope it continues. I just wanted to say a few words as I have a few concerns about our thread in recent days.
No offense to all of the socializing.... but I thought that the Allstocks CSHD thread was "the DD thread".
I get that we discuss other stuff on here and it's great for the morale, and we do much more of it when the action is slow. I've gotten to know a lot of you and it helps to know that others are concerned and stressed as well during this process.
However.... this was the DD thread. It's the thread I referred my accountant, lawyer, broker, Merril execs, father, and investment friends to for information and support on this stock.
It's a bit disappointing when all of these people return to me and say, "that is the place where you got such great info?" They could not follow it with all the pictures and chatting about non-CSHD related activities. It does not look professional or credible... when it was a very deep board in July and August. Look back and you will see the difference.
I guess that's what Wally was talking about.
We have been inadvertantly turning away some individuals who have a good amount of knowledge and resources that could benefit all of us without any additional cost.
My tax attorney is both an accountant and lawyer... one of the best in the country. He costs me some coin every time I talk with him. He checked out the site... and if he decided to post, you would have access to someone with knowledge that all could use.... but all he saw were dog pictures and thought I sent him to the wrong spot.
That is one example. I know of others who have had similar experiences.
I'm not trying to be a wet blanket on this party. Lord knows the dog likes to whoop it up. However, when we start talking about creating "a DD thread", I feel we have lost the purpose of this thread. Most of our extraneous discussion would be better suited for a chat room or Paltalk. We are turning away fresh blood who we need to support our stock and other professionals who may know more about law and finance than we do.
It's too difficult to weed thru 25 pages of fluff to get to the important happenings of the day. I have noticed that some of the valuable members of this thread are showing up less and less... not a trend that I want to continue because we are not out of the woods yet.
Allstocks was different from HSM and Ihub, but not as much anymore, and I feel we are affecting the legitimacy and usefulness of a once great thread.
There are other forums for chat and pictures, and I'd like to participate as well, but my fear of dragging down this thread has kept me from it. I just don't feel it's the right place.
Sorry if I ruffled a few feathers... and if the powers that be start a real "DD thread" I hope to see you there.
Wallymac was a great loss, as are the others who seldom post here anymore. This was a place for business and helped me feel comfortable with investing 6 figures because I could interface with some very professional and knowledgable traders. Most are gone now... and I hope to find them again for ongoing discussion on the events to come.
Please think about why you came to this thread in the first place. It was because it gave you a higher understanding of this process and helped you assess the risk vs. benefit in this stock, whether you were just watching or participating.
Now I can see why others view us as a cult... and not savvy investors. Some here should just exchange phone numbers and chat on their own time.
Please think about this. We are losing a valuable resource... even though the hearts in the right place, we need to use our heads. This is business.
posted
Simon & Rufus: (regarding the share issuance)
Q: Don't you have to get approval from Nasdaq?
A: Approval for what? No, All I have to do is notify them, within 10 days.
**** Rufus did not say 10 days PRIOR - he just said "within" 10 days - that's what I was looking for - some proof of a filing or something because of what bilgert said but it's not necessary (according to Nasdaq)- get it?
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by 10of13: Doesn't this sentence here... The Surviving Holdings Company shall use its reasonable best efforts to obtain any regulatory approvals referred to in the first sentence of this Section 6.2(b)(i) prior to the Closing Date and the directors will be as follows
And the first sentence that they are tallking about is... (a) Reservation of Shares of the Buyer's Stock . The Buyer shall reserve for issuance a sufficient number of shares of the Buyer's Stock to cover the issuances of such stock required hereby and shall file such forms as may be required to notify Over the Counter NASDAQ Bulletin Board of Buyer's intent to list on the NASDAQ National Market System the additional shares of Surviving Holdings Company stock to be issued as part of the Merger Consideration.
What I "get" out of those statements is that as far as the merger goes they can do what they decide to do with the share structure...
"reasonable best efforts" NOBO list? And it was incorrect in the begining...but they did try...couldn't get the info they needed and then made the decision to increase shares?
posted
Dog - I really respect you but C'mon - so we posted some pictures... it's over with - 10 - even created another thread for it & everyones been posting pictures there - but you guys keep going back to it today. Why? It was one of the best days on this thread because weren't letting the MM's ruin our day!!! Dog - now we're doing some serious DD'ing & the pictures are still being brought up -
People who have personalities & see the fun in things can not simply throw their personalities out the door... personaly I would enjoy doing DD with people with a little Flair & great personalities than doing DD with people who probably NEVER smile in their life.... Life is too short to worry about the one day of bonding we had.....that's very sad to me that it would bother people.........what is htis world coming to?
You know what the city I live in - we have been voted - the Friendliest City in the U.S. & if you'll notice there's a lot of people from my city on this thread - & you WILL notice they are the nicest on here & THEY CONTRIBUTE DD too.
I'm not surprised an Attorney & accountants take offense to people having a little fun - not surprised at all- tell them we are extremely sorry-
Dog - really I honestly respect you - just know it's done & over with & we did not mean any harm by it - sorry to offend you & the others - but let's get back to our DD!!
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by Jenna: Simon & Rufus: (regarding the share issuance)
Q: Don't you have to get approval from Nasdaq?
A: Approval for what? No, All I have to do is notify them, within 10 days.
**** Rufus did not say 10 days PRIOR - he just said "within" 10 days - that's what I was looking for - some proof of a filing or something because of what bilgert said but it's not necessary (according to Nasdaq)- get it?
posted
I don't know..but people have been concerned about "how can they just issue shares"...Looks to me that its covered in the filings...this is a merger and it is a little different then what most a used to...what bilgert meant? Don't know...
quote:Originally posted by Jenna:
quote:Originally posted by 10of13: Jenna...the SB at the end of the filing...is the notice...I guess I am still confused...
Then what was that Bilgert talking about filing the share issuance with Delaware?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by 10of13: I don't know..but people have been concerned about "how can they just issue shares"...Looks to me that its covered in the filings...this is a merger and it is a little different then what most a used to...what bilgert meant? Don't know...
quote:Originally posted by Jenna:
quote:Originally posted by 10of13: Jenna...the SB at the end of the filing...is the notice...I guess I am still confused...
Then what was that Bilgert talking about filing the share issuance with Delaware?
Yes Tex..."we have been scolded" because "we" had fun yesterday when the stock was falling..and now people are upset...and are "leaving the board"...as I said before...you can't make everyone happy...
Issue shares for the 6;1 merger reset
-------------------- #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
See that man confused me today!!! He got me all searchin' for rules & regs...
So 10 - the filing of the 10k with the explaination of the share issuance even though it went to the SEC is also considered to be "notifying" Nasdaq at the sametime? Rufus didn't have to file any form with Nasdaq about it?
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by 10of13: lol...this is a point of contention, now?
Yes Tex..."we have been scolded" because "we" had fun yesterday when the stock was falling..and now people are upset...and are "leaving the board"...as I said before...you can't make everyone happy...
Issue shares for the 6;1 merger reset
not the first time it's happened...
that's why the off-topics board was created...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by 10of13: I don't know..but people have been concerned about "how can they just issue shares"...Looks to me that its covered in the filings...this is a merger and it is a little different then what most a used to...what bilgert meant? Don't know...
quote:Originally posted by Jenna:
quote:Originally posted by 10of13: Jenna...the SB at the end of the filing...is the notice...I guess I am still confused...
Then what was that Bilgert talking about filing the share issuance with Delaware?
not following...
"issue shares" ?
She's talking about the "share issuance" (the nice present from Rufie)
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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posted
Yes glass...and I created the thread over there yesterday...so problem was taken care of...good lord...the board take a few hours of having fun and now it's all crap? Plain SILLY!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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my board has gone hay-wire!
