quote:Originally posted by PCola77: Using that logic, why not give a million free shares because it's easier to get to a penny than $9? Why issue any at all?
quote:Originally posted by penny_player:
quote:Originally posted by jm430: Penny_player, the math does not make sense. That is true. It's a non-issue, though.
Don't twist my words. I didn't say the price would adjust like in a forward split. Do you understand how market caps and outstanding shares work? There's a reason why the book value was originally $70+ and will be, after the split, $11+. What do you think it would have been had you gotten 7 shares extra? Yes, less than $9.
Again, non-issue...you own the same % of the company after the free shares as you did before.
Okay, so why should we get any shares at all then? Mathematically you are absolutely correct, it's all the same % of the pie, but psychologically it is easier for the stock to rise to $9 even with more shares than it will be to get to $11.78, just as it's going to be easier to get to $11 than it would've been to reach $70
My point exactly, why issue any at all? Certain people are complaining about those of us saying it should be 7 shares, saying what's the difference. Well, what's the difference if we don't get any. To me that point is moot. The argument is that we were supposed to reset to $15.00, and 6 shares doesn't do it, 7 does. They should amend the 10k to correct the formula, but I'm not going to push them to do it.
IP: Logged |
posted
the whole thing doesn't make any sense to me. Why not "reset the price" to $2million per share by issuing 2 million free shares. It just doesn't work that way. How does giving "free" shares make your 1 share worth $15?
IP: Logged |
quote:Originally posted by SLIMPICKENS: i am just wondering if that is why the SEC stepped in, just to postpone until the elections are over. just a thought.
humble i would like to hear your thoughts on this
Interesting theory, but it doesn't hold water for me. It wont be until January that there is an actual change of leadership anyway. I can't see this effort making any real difference to any particular electoral race, unless they were planning to make themselves look bad right before an election by perhaps, going back with their tail between their legs on the 3rd. As it is, No ruling could be expected before after the time of the election would have happened.
IP: Logged |
quote:Originally posted by PCola77: the whole thing doesn't make any sense to me. Why not "reset the price" to $2million per share by issuing 2 million free shares. It just doesn't work that way. How does giving "free" shares make your 1 share worth $15?
It resets the price, if the stock is at $5 and we get two more shares on the 30th and the stock opens up at $5/ share still, it's like the price is changed to $15.
IP: Logged |
posted
okay, so I guess until the market actually opens and the price declines, you will temporarily see effectively $15 per initial share. Guess it makes sense, but who in their right mind wouldn't sell some at that poin to take profits? the price wouldn't stay near that high, and would most likely adjust back to the equivalent of $2 per share, right?
quote:Originally posted by penny_player:
quote:Originally posted by PCola77: the whole thing doesn't make any sense to me. Why not "reset the price" to $2million per share by issuing 2 million free shares. It just doesn't work that way. How does giving "free" shares make your 1 share worth $15?
It resets the price, if the stock is at $5 and we get two more shares on the 30th and the stock opens up at $5/ share still, it's like the price is changed to $15.
quote:Originally posted by PCola77: okay, so I guess until the market actually opens and the price declines, you will temporarily see effectively $15 per initial share. Guess it makes sense, but who in their right mind wouldn't sell some at that poin to take profits? the price wouldn't stay near that high, and would most likely adjust back to the equivalent of $2 per share, right?
quote:Originally posted by penny_player:
quote:Originally posted by PCola77: the whole thing doesn't make any sense to me. Why not "reset the price" to $2million per share by issuing 2 million free shares. It just doesn't work that way. How does giving "free" shares make your 1 share worth $15?
It resets the price, if the stock is at $5 and we get two more shares on the 30th and the stock opens up at $5/ share still, it's like the price is changed to $15.
That's the big question. Rufus has said that institutional buyers will come in at that point to counteract the profit taking, and that they will release some news to support the pps.
IP: Logged |
posted
spooky i meant to say maybe they were stalling because it will uncover corruption. which in turn will make the current office holders look bad so they wanted to deal with it after the elections. not sure if that makes any sense but appreciate the input
quote:Originally posted by PCola77: okay, so I guess until the market actually opens and the price declines, you will temporarily see effectively $15 per initial share. Guess it makes sense, but who in their right mind wouldn't sell some at that poin to take profits? the price wouldn't stay near that high, and would most likely adjust back to the equivalent of $2 per share, right?
quote:Originally posted by penny_player:
quote:Originally posted by PCola77: the whole thing doesn't make any sense to me. Why not "reset the price" to $2million per share by issuing 2 million free shares. It just doesn't work that way. How does giving "free" shares make your 1 share worth $15?
It resets the price, if the stock is at $5 and we get two more shares on the 30th and the stock opens up at $5/ share still, it's like the price is changed to $15.
Ah, but you are forgettng that there are an awfull lot of shorted shares out there, and every one of them will need to be added to by 6 more. Some serious money will be changing hands once those shorts start covering.
IP: Logged |
quote:Originally posted by SLIMPICKENS: spooky i meant to say maybe they were stalling because it will uncover corruption. which in turn will make the current office holders look bad so they wanted to deal with it after the elections. not sure if that makes any sense but appreciate the input
I don't see the incentive to have someone step in, when they could have just sat back and waited. Why bring the issue to light?
IP: Logged |
maybe the SEC was told by higher sources to file, and that is why they did't have a chance to do any dd. and now it is all postponed until later after the elections. just a political move knowing they couldn't win but could at least delay.
posted
Okay thanks. Still seems like something is off, but heopfully we'll get to see it all play out at some point!
quote:Originally posted by penny_player:
quote:Originally posted by PCola77: okay, so I guess until the market actually opens and the price declines, you will temporarily see effectively $15 per initial share. Guess it makes sense, but who in their right mind wouldn't sell some at that poin to take profits? the price wouldn't stay near that high, and would most likely adjust back to the equivalent of $2 per share, right?
quote:Originally posted by penny_player:
quote:Originally posted by PCola77: the whole thing doesn't make any sense to me. Why not "reset the price" to $2million per share by issuing 2 million free shares. It just doesn't work that way. How does giving "free" shares make your 1 share worth $15?
It resets the price, if the stock is at $5 and we get two more shares on the 30th and the stock opens up at $5/ share still, it's like the price is changed to $15.
That's the big question. Rufus has said that institutional buyers will come in at that point to counteract the profit taking, and that they will release some news to support the pps.
quote:Originally posted by SLIMPICKENS: spooky i meant to say maybe they were stalling because it will uncover corruption. which in turn will make the current office holders look bad so they wanted to deal with it after the elections. not sure if that makes any sense but appreciate the input
I don't see the incentive to have someone step in, when they could have just sat back and waited. Why bring the issue to light?
afraid it was going to come to light anyway and just before the elections. s
posted
I said I wasn't going to argue with anyone about this any more. And I am sticking to my word. The points that I know: (You do the research and see if you come up with anything different.)
- Forward and Reverse splits adjust the price equivalent to the ratio of shares exchanged. This threshold price reset does not.
- People short in this security will be placed in an instant call situation unless they have funds to cover 6 additional shares and the coresponding insurance for each.
- Shares are being delivered to shareholders only. Individuals who are more likely to hold long and sell precentages rather than sell the whole. Many flippers and day traders jumped last second with the date confusion.
- None of this has an ounce of meaning while we are under suspension by the SEC. I wish him swift justice.
Everyone that listened very closely to the interview last night should have come away with a very good feeling that everything should turn out very well in our favour. Listening to the interview you can tell that everything has to be as Rufus stated and he was very confident that the outcome should be in all our favours at least by 7th if not sooner.
IP: Logged |
Everyone that listened very closely to the interview last night should have come away with a very good feeling that everything should turn out very well in our favour. Listening to the interview you can tell that everything has to be as Rufus stated and he was very confident that the outcome should be in all our favours at least by 7th if not sooner.
Tut posted that on HSM and someone quoted him on cshd.net.
IP: Logged |
Join Date: Aug 2006 Posts: 363 Quote: Originally Posted by rwalden dgambar, great letter.. but now you got me to thinking that maybe we should bombard president bush with emails expressing our lack of faith in mr. cox.
Your emails or letter to President Bush should say that you have faith that Cox will undo the injustice that is being done to Conversion Solutions and its shareholders and ask that he will intervene and call Cox on behalf of the American people who have faith that the President will see that the right thing is done.
IP: Logged |
posted
wowwwwww im hearing spr part about the SEC and there no-access to euroclear....very interesting
ok so this sounds to me that the sec had no access to the euroclear system, rufus turns to the judge and says "and this is the SEC" (lol) so the ball is in rufus's court no?
IP: Logged |
posted
Another one from ROCHESTER - wow this is unreal!!!!
quote:Originally posted by highhopes: Hi, new to all this but proud shareowner. I too really liked the way Dog went through the details of the Eurobonds. Would someone else be able to walk through the other big issue that I heard last night... The ownership of the subsidiaries?
-------------------- ..just remember....Family is EVERYTHING!!
IP: Logged |
posted
What with that new message board? Is it something done by Rufus and Co. or just something someone banned off a board created?
Was there any talk today of setting up the shareholder committe that Rufus mentioned last night? If so, can anyone recap or direct me to the page. I don't wanna sell my shares at $15 each at the moment, but I would definetly wanted to see that committe get set up in case this thing does go one past the 7th. I got some bill and Christmas money wrapped up that I'll need to get at here shortly if possible.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
