posted
Here is my useless thought for the day...Do I really think Rufus Paul Harriss could have made up the scam of the century? Ugh...No. Not this guy. Bashers keep saying "have you heard this guy" I think yeah and there is no way HE OF ALL PEOPLE just made all this stuff up! Don't get me wrong I think he is brilliant because he is dealing with real projects but I don't think (if this were a scam )ruf could have just sat down and thought this all up. Now did he dot all his i's and cross all his t's? I hope so. Well their it is...like I said useless but you guys have researched every possibility and non-possibility of this company and I have nothing left to do but dd my brains useless thoughts now!!!
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quote:Originally posted by CRab: haha...portman just got uber props from Rufus...for his astute bond coupon observation...
Seriously last post for the weekend...
Thanks for all of you who mentioned it. I did not expect to see those comments as I read today at lunch. I did give allstock's props as well.
I do know a bit about bonds but I am not an expert. I could tell in the PT rooms some did not understand why CSHD might not choose exercise the coupon and I was irritated OS and others where harping on the topic so much.
So, I chose to let RPH explain it as I understood it. It turns out I was right. Finance is about risk mitigation coupled with maximizing returns...
...and yes I was very jazzed at RPH's response and no I was not expecting it because I personally thought the concept was easily recognized...apparently not...lol.
-------------------- - "Pay it Forward"
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quote:Originally posted by dog: http://www.euroclear.com/wps/portal
Why do we still not understand this?
Bonds are assets held in a PORTFOLIO. There are multiple designations for the total assets under a specific bond code. Thus, ...
Thx dog, great post. It is how I see the bond situation. Before this all started, I barely knew what a bond was, now I know more than I ever thought possible.
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Bonds are assets held in a PORTFOLIO. There are multiple designations for the total assets under a specific bond code. Thus, particular groups may own a portion of the same bond. Bloomberg terminals will show the portion traded in the U.S. interest, like the portion "held" by Fidelity, but may not show the portion held by the originator or controlling interest of the Bond portfolio.
International bonds are mainly registered in the Euroclear system. This is a highly organized international financial platform that controls the transfer of assets and securities. It allows for "movement, "trading", and transfer. It is interactive and very powerful. It is how THE WORLD moves assets.
Bloomberg terminals are for viewing the trading interest, hence if the SEC or Fidelity access their Bloomberg terminal... they can view the portion of the portfolio designated for investment trading, mainly the U.S. market. This portion is "owned", in a sense like stock, but does not always show the total bond portfolio as held by the originator or international bank that "owns" the majority of the bond. These are shown in the Euroclear system.
The Euroclear system is highly secure. Not just anyone can access it or have a code to access it's database. An institution must meet stringent financial and security qualifications to be admitted to the Euroclear system. The asset portfolio in this system holds most of the worlds assets. TRILLIONS of dollars. An institution must have an asset base of at least 200 million dollars, and gain security clearance through an exhaustive set of channels (making sure you are not a terrorist, etc.).
The SEC is not a watchdog of the Euroclear sytem or the international markets. They do not have immediate clearance to just jump on a terminal and view data. They would have to go through the US Department of Treasury to ask for access. How do you think the US Government transfers large sums of money to other countries? The answer: from the Department of Treasury through the Euroclear system to another international bank. THIS IS HIGH FINANCE on an INTERNATIONAL level. Mr. Harris gave them the screenshots of the bonds that CSHD "holds" in the Euroclear system, and even the contacts at the Department of Treasury so that the SEC could confirm this.
THEY HAVE CHOSEN NOT TO PERSUE THIS. They are afraid of finding the truth.
As far as ownership of the bonds. Do you own CSHD or any other company? You own a portion of it. Whoever has the majority of the bond, HAS CONTROLLING INTEREST. So CSHD "owns" the bond.
This company provides funding via "asset backed securities". The assets are the controlling portions of the bond portfolio that via the contracts and Euroclear codes, CSHD is shown to have. They are able to draw cash from these controlling interest via the international banking community to fund business projects for profit. Hence, they are assets.
The SEC needs to go through the proper channels to see this... or they simply don't want to. Pray that the judge will force them to comply. I am e-mailing this explanation to the judge.
Proper due diligence... and COMPREHENSION is required. Knowledge is power. CSHD is in the right.
This is my opinion based on my comprehension of the facts. Please correct me if I am wrong... but do it with some intelligent discourse.
Good luck to all.
dog --------------------------------------------------------------------------------
and this DOG is why you deserve the ungodly amount of money you will be making on this when it plays out! btw your not the one taking over rufus's job when he retires are you? Just sayin' you could very well be a candidate. hmmm well there is something I can now go DD. lol j/k
quote:Originally posted by RyanPBF: they are also claiming rufus new the numbers for the nobo list were wrong about the 75million shorts before he released the pr.
But that was always known, more than a few shareholders complained and told rufus he would get us in trouble if he kept using the wrong numbers.
I'm interested in what he said about writing the audit letter when he couldn't get in touch with the CPA.
Apparently you are NOT aware that ADP is the system of record. Rufus can speculate that the NOBO list is wrong, do research on it, even have "proof" that its wrong. But, if he is going to report by way of PR he should ONLY report the system of record, which is what he did. Fraud? Yes, ADP and its report was fruadualent and they should be penalized for it. Rufus is only the messager of the system of record - don't kill the messager, kill the message!
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quote:Originally posted by RyanPBF: they are also claiming rufus new the numbers for the nobo list were wrong about the 75million shorts before he released the pr.
But that was always known, more than a few shareholders complained and told rufus he would get us in trouble if he kept using the wrong numbers.
I'm interested in what he said about writing the audit letter when he couldn't get in touch with the CPA.
Apparently you are NOT aware that ADP is the system of record. Rufus can speculate that the NOBO list is wrong, do research on it, even have "proof" that its wrong. But, if he is going to report by way of PR he should ONLY report the system of record, which is what he did. Fraud? Yes, ADP and its report was fruadualent and they should be penalized for it. Rufus is only the messager of the system of record - don't kill the messager, kill the message!
Rufus continued using that 75 million figure after he figured out it was wrong, that is what bothered people. The ADP report wasn't fraudualent, it was incorrect. Doesn't mean that because it was ADP's mistake rufus should have continued using the numbers he knew to be incorrect.
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quote:Originally posted by Doniboy: Portman, oh sage of CSHD bonds. Since you seem to know whats happening, do you believe that Rufus will clear the SEC allegations of misrepresentation as far as the bonds are concerned?
As I read and see questions I have to respond
Doni, there is no telling from our perspective if what he says is true unless you all get me 200M and a Euroclear account lol.
I have to lean on what I "believe" about RPH and what I can see. So, personally, I think all the bonds can be verified. If they cannot be verified or not as CSHD says they are Rufus' goose is cooked. There has been nothing I have picked up on that leads me to believe they are not in order. Remember this is what I think and it is a reason I chose to hold long after playing the flip on this stock a few times. Remember this was just a trade stock for me when I got into it.
I never like going to court and I do not like being suspended...but I chose to accept that risk.
-------------------- - "Pay it Forward"
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posted
iamchadl says: Rufus continued using that 75 million figure after he figured out it was wrong, that is what bothered people. The ADP report wasn't fraudualent, it was incorrect. Doesn't mean that because it was ADP's mistake rufus should have continued using the numbers he knew to be incorrect.
i saw the correct numbers posted fairly soon after the bad numbers...
there is no denying the existnce of the naked shorts here...
they exist.. the remaining question is how many there are...
and of coure, why they exist...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
You would think that the SEC would have gotten a hold of the Treasury Dept before they started all this Chit.......Then again......maybe they did??
posted
ryan does the D stand for deutschland ( Germany) and the instrument Stock have anything to do with trading on the german stock exchange? i don't have a password to access it. tia.
-------------------- I'm from Missouri - Show Me!
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quote:Originally posted by RyanPBF: they are also claiming rufus new the numbers for the nobo list were wrong about the 75million shorts before he released the pr.
But that was always known, more than a few shareholders complained and told rufus he would get us in trouble if he kept using the wrong numbers.
I'm interested in what he said about writing the audit letter when he couldn't get in touch with the CPA.
Apparently you are NOT aware that ADP is the system of record. Rufus can speculate that the NOBO list is wrong, do research on it, even have "proof" that its wrong. But, if he is going to report by way of PR he should ONLY report the system of record, which is what he did. Fraud? Yes, ADP and its report was fruadualent and they should be penalized for it. Rufus is only the messager of the system of record - don't kill the messager, kill the message!
Rufus continued using that 75 million figure after he figured out it was wrong, that is what bothered people. The ADP report wasn't fraudualent, it was incorrect. Doesn't mean that because it was ADP's mistake rufus should have continued using the numbers he knew to be incorrect.
This is the actual PR from September 20th:
KENNESAW, Ga., Sept. 20 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), a Delaware Corporation announces the following current events have taken place.
The corporation has received the Non-Objecting Beneficial Owner (NOBO) list from ADP Automatic Data Processing Inc. located at 51 Mercedes Way Edgewood, NY 11717.
"The NOBO list has disclosed 75,487,085 (Seventy Five Million Four Hundred Eighty Seven Thousand and Eighty Five) shares above the total free trading shares of 30,918,339 of CSHD. The shares are held by 15,184 (Fifteen Thousand One Hundred and Eighty Four) shareholders to include institutions. For anyone carrying shorts and those CVSU shareholders with questions please contact Ben Stanley at our corporate office number, 770-420-8270," stated CEO Rufus Paul Harris.
Ben Stanley, COO, stated, "Our actions have always been to insure the well being of our shareholders. For this reason we are going to work closely with the SEC and all institutional holders to quickly and fairly resolve this issue by September 29, 2006, the last day of certificate exchange."
Sabra Dabbs, EVP of Global Operations, states, "Now all of our attention can be focused on our Humanitarian and Global Business Development efforts."
-------------------------------
They are trying to put closure to the Fronthaul deal and had to operate on the "official" NOBO list to "official" put closure to this merger.
Ben Stanley states, "Our actions have always been to insure the well being of our shareholders. For this reason we are going to work closely with the SEC and all institutional holders to quickly and fairly resolve this issue by September 29, 2006, the last day of certificate exchange."
How can you possibly interrupt any of this to be an attempt to deceive or defraud shareholders? You claim that he or CSHD would get in trouble for using the wrong numbers. Well, OK where do the "right" numbers come from? Rufus? Hell no! They come from the system of record which is the ADP and they have every right and "obligation" to report what is on record.
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posted
that's a good guess 66 I just saw it and wanted to bring it to everyone's attention to see if there was anything that we could find out about it.
posted
Ihub You saw the letter from Rufus on CVSU? there's a reason that he posted that... I gave you the email address...The email address is pucblic knowledge..if you have questions that you would like to try and find answers for...email him...DO NOT take the words of anyone on any message board as fact...
Would Rufus or any individual admit forgery of a legal document on a LIVE radio show? Particularly during the time of an ongoing SEC investigation? Listen to the SPR loop...
quote:Originally posted by iamchadl:
quote:Originally posted by 10of13: If you have doubts or concerns...email the auditor...he's been very helpful with me...
Thomas Benson bensonth*michigan.gov
quote:Originally posted by iamchadl: Ok, did rufus really say last night that he wrote the audit letter on the 10k? I'm hearing this on HSM
What has he said to you? Someone on i-hub said they got no response from him a while ago.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
Glass... go to the link Ryan posted and then just click on search button that is right next to the reset button and it should pull it up.
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quote:Originally posted by maumee river rat: You would think that the SEC would have gotten a hold of the Treasury Dept before they started all this Chit.......Then again......maybe they did??
we'll find out soon enough..
maybe...
i have been reading netwide on the "public attitude" since July maumee...
IMO? it is possible the SEC had so many complaint filed that thye didn't even consider Rufus to be legit at all...
i COULD provide you links to people posting recomendatios that you should report Rufus to the SEC over and over again on the basis that sheer numbers would "bring the house down" on him... that may be what happened... but i won't because i feel that they are in bad taste, and have negative karmic value...
i dunno if Rufufu's bonds are legit yet ..... like you? i am waiting to see what the next act holds.. i thought this owuld be over by now, and instead? i am beginning to think we have at least two more "acts" in this drama...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by glassman: iamchadl says: Rufus continued using that 75 million figure after he figured out it was wrong, that is what bothered people. The ADP report wasn't fraudualent, it was incorrect. Doesn't mean that because it was ADP's mistake rufus should have continued using the numbers he knew to be incorrect.
i saw the correct numbers posted fairly soon after the bad numbers...
there is no denying the existnce of the naked shorts here...
they exist.. the remaining question is how many there are...
and of coure, why they exist...
Not many seem to know that NSS positions can be hidden from view in inter-broker agreements. Those FTDs are shown as cleared, when in fact they are not.
posted
OK I did my part... 2 senators and 4 Representatives in my state recieved my letter this morning in their inbox.
quote: October 27, 2006
Senator XXXXXXXXX XXX
Dear Honorable Senator XXXXXXXXX XXX: Sir, I hope this letter finds you well. I wanted to contact you regarding a letter I sent yesterday to Senator Charles Grassley of the great state of Iowa, who is currently leading a charge in Congress to probe the many possible corruption points in the SEC Enforcement Division. I wanted to copy and forward this letter to you so that you understood that voting members of your state are in this battle as well.
As recently as this week the SEC Enforcement Division halted trading on the publicly traded security Conversion Solutions Holdings Corp. (CSHD.OB) with little or no research into the validity of the company it’s assets, and the true honesty and integrity of the CEO running the organization. The SEC Enforcement Division I believe over stepped it’s authority in this particular situation, by trumpeting many falsified claims made by a criminal source Mr. Timothy Miles who has been involved indicted and is on the run for SEC violations. Certain members of the SEC Enforcement Division did not research the claims thoroughly, especially with regards to the true “ownership” of CSHD’s massive bond assets, and have now halted the stock trading stranding thousand of private investors with millions of funds invested.
Every informed investor in this company like myself is fully aware of the risks involved, but have also satisfied their thirst for proof by looking at the 600 pages of publicly filed documents showing in detail all of CSHD’s internal workings at the Georgia Courts web site. The SEC Enforcement Division in federal court this week stated that they had not seen the documents CEO Rufus P. Harris directed them too. Had not called a single number he provided them with, including at least one U.S. Ambassador, and had not contacted the U.S. Federal Reserve to validate the bond ownership.
The true clue to the crime is the timing in which the stock was halted by the SEC. CSHD has been screaming for months for the SEC to do something about the egregious illegal naked short selling of the security, he even screamed for investigation when trading of CSHD began on the Berlin Exchange a month ago with out any knowledge or authorization from the CEO or BOD of CSHD. The SEC did not question or investigate the bonds when the first $500 million dollar bond was announced and filed with via 8K with the SEC, they did not investigate when the second $5 Billion dollar bond was announced and filed via 8K with the SEC. They didn’t even investigate when the 10KSB was delayed anticipating audited financials of the reverse merger with FHAL. No the SEC did not even investigate when the finally halted the stock on Tuesday of this week, in an obvious effort to prevent the Company from “putting the nail in the coffin” so to speak and give every “known” share holder 6 shares for every one share they currently owned in a merger price reset. The key word being “known” because the illegal naked short selling of this security is so rampant and they are not “known” to the company. Only a few corrupt SEC Enforcement Division staff members who would stand to gain from the preservation of the Naked Short Selling of this security would have moved this quickly and this recklessly to end the company’s bright future before it even got off the ground in my opinion.
I implore you to look into this matter and contact Conversion Solutions Holdings Corp. CEO Rufus Paul Harris at Harris*cshd.us or at his office number 770-420-8270,. to get the story first hand, I also ask that you use your best effort and judgment to aid Senator Grassley in huge undertaking he has began by trying to drive the corruption out of our regulating body, and the U.S. free trading market once and for all. i am going to try and attach the letter I sent to Senator Grassley, and please feel free to contact me if you have further questions. As an informed investor of CSHD I have researched the entire situation, and as it appears I have gone much farther that the SEC has to validate my investment.
Dear Honorable Senator Charles Grassley: Sir, I hope this letter finds you well. I wanted to contact you regarding the article titled, “SEC Will Be Investigated in Probe Sought by Senate's Grassley” published on the Bloomberg website. I am an informed investor in a company named Conversion Solutions Holdings Corporation which just recently has been placed under “temporary suspension” by the SEC’s Enforcement Division headed by Division Branch Chief Micheal E. Mashburn. The reason I am writing you is that I personally suspect that actions currently being taken by a select few regarding this suspension are not in the best interest of the shareholders and may be another example of the SEC Enforcement Division over stepping it’s authority. Additionally, it may be a combined effort to aid multiple members of a RICO group who have been illegally naked short selling the corporation’s stock for months. The halt in trading occurred after the CFO of CSHD received validation that the company was in compliance with all of it’s SEC filings, and is in regards to “speculative” ownership of some rather large bond assets held by CSHD, even though every informed investor of CSHD knows that all information regarding the ownership of the bonds has been made available to the public via filed documents with the Georgia Courts. Hundreds of millions of dollars of investor money is at stake in this situation, and well established proof of ownership has never before been a filing requirement of the SEC before but seems to be enough to halt trading, put the outstanding reputation of a small fast growing company at stake, and damage the credibility of the company as a whole and the long term investors funds along with it. I implore you to contact CSHD CEO Rufus Paul Harris at Harris*cshd.us or at his office number 770-420-8270, and inquire into this really interesting and scary story so that you yourself can hear about it first hand and make comparisons with your current probe/audit of the SEC Enforcement Division. Sincerely, XXXXXXX XXXXXXXXXX Concerned CSHD Shareholder
Not many seem to know that NSS positions can be hidden from view in inter-broker agreements. Those FTDs are shown as cleared, when in fact they are not.
yes, they can until a certain "critcal mass" is reached...
which it appears that CSHD hit on July 26-27....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
TaxBack, not to be an a-hole, but there are a LOT of grammatical problems in that letter. If others are to use the same e-mail, someone should probably fix it up first.
quote:Originally posted by TaxBack04: OK I did my part... 2 senators and 4 Representatives in my state recieved my letter this morning in their inbox.
quote: October 27, 2006
Senator XXXXXXXXX XXX
Dear Honorable Senator XXXXXXXXX XXX: Sir, I hope this letter finds you well. I wanted to contact you regarding a letter I sent yesterday to Senator Charles Grassley of the great state of Iowa, who is currently leading a charge in Congress to probe the many possible corruption points in the SEC Enforcement Division. I wanted to copy and forward this letter to you so that you understood that voting members of your state are in this battle as well.
As recently as this week the SEC Enforcement Division halted trading on the publicly traded security Conversion Solutions Holdings Corp. (CSHD.OB) with little or no research into the validity of the company it’s assets, and the true honesty and integrity of the CEO running the organization. The SEC Enforcement Division I believe over stepped it’s authority in this particular situation, by trumpeting many falsified claims made by a criminal source Mr. Timothy Miles who has been involved indicted and is on the run for SEC violations. Certain members of the SEC Enforcement Division did not research the claims thoroughly, especially with regards to the true “ownership” of CSHD’s massive bond assets, and have now halted the stock trading stranding thousand of private investors with millions of funds invested.
Every informed investor in this company like myself is fully aware of the risks involved, but have also satisfied their thirst for proof by looking at the 600 pages of publicly filed documents showing in detail all of CSHD’s internal workings at the Georgia Courts web site. The SEC Enforcement Division in federal court this week stated that they had not seen the documents CEO Rufus P. Harris directed them too. Had not called a single number he provided them with, including at least one U.S. Ambassador, and had not contacted the U.S. Federal Reserve to validate the bond ownership.
The true clue to the crime is the timing in which the stock was halted by the SEC. CSHD has been screaming for months for the SEC to do something about the egregious illegal naked short selling of the security, he even screamed for investigation when trading of CSHD began on the Berlin Exchange a month ago with out any knowledge or authorization from the CEO or BOD of CSHD. The SEC did not question or investigate the bonds when the first $500 million dollar bond was announced and filed with via 8K with the SEC, they did not investigate when the second $5 Billion dollar bond was announced and filed via 8K with the SEC. They didn’t even investigate when the 10KSB was delayed anticipating audited financials of the reverse merger with FHAL. No the SEC did not even investigate when the finally halted the stock on Tuesday of this week, in an obvious effort to prevent the Company from “putting the nail in the coffin” so to speak and give every “known” share holder 6 shares for every one share they currently owned in a merger price reset. The key word being “known” because the illegal naked short selling of this security is so rampant and they are not “known” to the company. Only a few corrupt SEC Enforcement Division staff members who would stand to gain from the preservation of the Naked Short Selling of this security would have moved this quickly and this recklessly to end the company’s bright future before it even got off the ground in my opinion.
I implore you to look into this matter and contact Conversion Solutions Holdings Corp. CEO Rufus Paul Harris at Harris*cshd.us or at his office number 770-420-8270,. to get the story first hand, I also ask that you use your best effort and judgment to aid Senator Grassley in huge undertaking he has began by trying to drive the corruption out of our regulating body, and the U.S. free trading market once and for all. i am going to try and attach the letter I sent to Senator Grassley, and please feel free to contact me if you have further questions. As an informed investor of CSHD I have researched the entire situation, and as it appears I have gone much farther that the SEC has to validate my investment.
Dear Honorable Senator Charles Grassley: Sir, I hope this letter finds you well. I wanted to contact you regarding the article titled, “SEC Will Be Investigated in Probe Sought by Senate's Grassley” published on the Bloomberg website. I am an informed investor in a company named Conversion Solutions Holdings Corporation which just recently has been placed under “temporary suspension” by the SEC’s Enforcement Division headed by Division Branch Chief Micheal E. Mashburn. The reason I am writing you is that I personally suspect that actions currently being taken by a select few regarding this suspension are not in the best interest of the shareholders and may be another example of the SEC Enforcement Division over stepping it’s authority. Additionally, it may be a combined effort to aid multiple members of a RICO group who have been illegally naked short selling the corporation’s stock for months. The halt in trading occurred after the CFO of CSHD received validation that the company was in compliance with all of it’s SEC filings, and is in regards to “speculative” ownership of some rather large bond assets held by CSHD, even though every informed investor of CSHD knows that all information regarding the ownership of the bonds has been made available to the public via filed documents with the Georgia Courts. Hundreds of millions of dollars of investor money is at stake in this situation, and well established proof of ownership has never before been a filing requirement of the SEC before but seems to be enough to halt trading, put the outstanding reputation of a small fast growing company at stake, and damage the credibility of the company as a whole and the long term investors funds along with it. I implore you to contact CSHD CEO Rufus Paul Harris at Harris*cshd.us or at his office number 770-420-8270, and inquire into this really interesting and scary story so that you yourself can hear about it first hand and make comparisons with your current probe/audit of the SEC Enforcement Division. Sincerely, XXXXXXX XXXXXXXXXX Concerned CSHD Shareholder
posted
PCola ~ No offense taken I wrote it quickly, and it only passed spell check. I have work to get done today. By the way I didn't ask anyone to use it. Just getting my thoughts out and in their hands. If they want to clean up the grammer and typo's then they should divert more funds to education.
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