posted
Im sure the SEC has received oodles of phone calls and emails regarding CSHD so honestly i feel this was bound to happen. Im surprised we made it as long as we have.
Im not trying to make light of a potentially horrible situation but there is one thing for sure, EVERYONES questions will now be answered due to this investigation. No more guesses, questions or concerns. All will be brought to light now.
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posted
Prety sure that during this time frame the Company can not PR anything...so sit tight...we will find out if the bonds are real or if we fell for one huge scam...and Jenna? now we know why Sabra was a little off yesterday...
quote:Originally posted by milliam: I'm sure their phone is ringing off the hook. This has to be cause for an announcement from the company!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
Same on my Scotty...that sure sounds a lot better than an SEC investigation. I hope ST's explanation is 100% accurate, then I can sleep at night.
quote:Originally posted by plni: Not available for sale due to a reorg or a tender offer.I pasted this off of scottrade its at the bottom of posistions block.
quote:Originally posted by luvforever: Well it can't be bad if the sec says we will resume trading ~LOL
tru, all we can hope for is that this was orchestrated with the sec by rufus because of shorts, etc. then we can open up HIGH and burn shorts? screw the 6 for 1, lets just get the price UP UP UP
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posted
I've not been one to demand info from a company...usually just allow them to disperse what is needed on thier time line...but...
Just had a brainstorm...
What if this occured so that the entire history of who has bought and sold, broker and shareholder alike? I mean...if Rufie and Co. wanted that info out there and definitive...who better than the SEC to have WANTING that info?
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Join Date: Aug 2006 Posts: 336 Shareholders I just talked with Ben and from the conversation he told me everything went very well with the SEC. I asked him about the NASDAQ, like some of you have thought might happen tomorrow for CSHD. All he could say, and you have to understand why he could not be specific, is that it has been "their plan all along". I also asked him if there would be some news of any kind over the next couple of days and he said it will be "sooner than that" and what would be coming out would "more than make up for everything" and that it would be very good for all shareholders.
My understanding from the conversation and Ben's complete confidence and excitement in the way he told me this is that you are about to see what you have all waited for. From the conversation it seemed he was talking about everything happening very quickly now. Can that mean tomorrow, or well before the 30th? It sounds closer than we realize. Therefore to that I can only say you could see it at any moment now so your waiting will be rewarded. With this we should see even bigger things to come with this company.
I know you are all holding tight and have been very patient but I firmly believe we are now there.
النصر لك
ya KHabar befloos, bukrah yeb'a bebalash الصمت احيانا ضروري. بعض الانبياء المزيفين عندما اتكلم كثيرا وان لم يتكلم. كل شيء سيكون علي كشف لكم وسيكون النصر لكم.
posted
CRAB...i don't think that they can PR ANYTHING!
quote:Originally posted by CRab: I've not been one to demand info from a company...usually just allow them to disperse what is needed on thier time line...but...
They NEED to announce something to thier shareholders...whether shareholder,flipper,shorter...everyone NEEDS some kind of specific company info at this point...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by T e x: "We're all under stress...."
lol...no, beg to differ...
and...
will concede this...I thought today would be the day for at least a NASD halt, if *not* an SEC supension...
Congrats, Tex, on your perceptivity. You were but 24 hours off.
Well, folks, can't say you weren't warned. any thinking person would know that something was very very smelly in Georgia...Now, CSHD has two weeks to prove that all is well, or they will reopen for trading on the pinks. That's what happens with 95% of OTCBB trade halts. A few later manage to clear themselves later and resume BB trading. Most just fade into oblivion.
Good luck to all, but my guess is, Rufus' goose is cooked.
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quote:Originally posted by CRab: I've not been one to demand info from a company...usually just allow them to disperse what is needed on thier time line...but...
They NEED to announce something to thier shareholders...whether shareholder,flipper,shorter...everyone NEEDS some kind of specific company info at this point...
while I want information from the company ASAP like everyone else - it's nice to know that the price of the stock won't change while we're waiting
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posted
You guys might wanna just step away from CSHD for a few days. Price aint gonna change till 11/06 and most of what you are going to hear is just mindless bashing over and over.
There is alot of good ppl holding this stock, so I hope RUFUS comes through for you all and proves to the SEC that CSHD is legit.
posted
What if this occured so that the entire history of who has bought and sold, broker and shareholder alike could be obtained? I mean...if Rufie and Co. wanted that info definitively...who better than the SEC to have WANTING that info?
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quote:Originally posted by Kelroz: You guys might wanna just step away from CSHD for a few days. Price aint gonna change till 11/06 and most of what you are going to hear is just mindless bashing over and over.
There is alot of good ppl holding this stock, so I hope RUFUS comes through for you all and proves to the SEC that CSHD is legit.
Good Luck All
i cant imagine it taking that long, thats horrible the 6th?>! GADAMN. anyone ever been in a halt like this? how long did it take...id hope we are back to trading tomorrow...
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If in its opinion the public interest and the protection of investors so require, the Commission is authorized by order--
summarily to suspend trading in any security (other than an exempted security) for a period not exceeding 10 business days, and
summarily to suspend all trading on any national securities exchange or otherwise, in securities other than exempted securities, for a period not exceeding 90 calendar days.
The action described in subparagraph (B) shall not take effect unless the Commission notifies the President of its decision and the President notifies the Commission that the President does not disapprove of such decision. If the actions described in subparagraph (A) or (B) involve a security futures product, the Commission shall consult with and consider the views of the Commodity Futures Trading Commission.
posted
That's the best info I've seen yet. I'm closing down any CSHD related board on any forum I visit and don't plan to get interested in what's going on until the 6th. All other commentary is pure speculation and won't serve anyone any useful information. Take a nap, hug your other stocks, and just let it go. Ruffie and the company will not be putting out any PR's during this blackout period, at least that's my opinion, so see you all in two weeks. Stay strong
quote:Originally posted by Kelroz: You guys might wanna just step away from CSHD for a few days. Price aint gonna change till 11/06 and most of what you are going to hear is just mindless bashing over and over.
There is alot of good ppl holding this stock, so I hope RUFUS comes through for you all and proves to the SEC that CSHD is legit.
Good Luck All
-------------------- I may be wrong, but I don't think so....
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posted
I have a question since we are waiting...I called scotty for my certs two or three weeks ago and today my account shows the amount I called for gone. Does this mean they are in the mail heading my way? Also does anyone know if they will send my additional shares to my address or do I need to ask Scottrade?
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What is Rule 15c2-11? SEC Rule 15c2-11 was designed to allow non-reporting public company's securities to be quoted on the National Association of Securities Dealers' ("NASD") Over-the-Counter Bulletin Board ("OTCBB") by filing some simple disclosures.
Now, companies seeking to obtain a quote on the NASD OTCBB must be required to file reports with the Securities and Exchange Commission ("SEC"). Under Section 15 of the Securities Exchange Act of 1934 (the "Act"), as amended, a company who has filed a registered offering with the SEC, such as an SB-1 or SB-2 registration statement is required to file reports for one year. A company which files a Form 10 or Form 10SB (for small business issuers) becomes a reporting company under Section 12g of the Act and must file reports. To be eligible for a quotation of its securities, the company's market maker must file a Form 211 with the NASD, the company must have sufficient free trading stock in its public float to allow Rule 15c2-11.
The stated and un-stated listing requirements for the NASD OTC-BB are as follows:
fully reporting with the U.S. Securities and Exchange Commission, minimum of 40 stockholders of record holding at least 100 shares each (note: this number is informal and has been moving up), must have a market maker submit 15c2-11 (Form 211) application to NASD and agree to act as market maker for securities of company. If you need assistance in having a Form 211 filed with the NASD so that your company can trade on the OTCBB, we can help prepare that paperwork and introduce you to a market maker. Contact us for more information.
posted
Attention: FWIW, I just got off the phone with Ben. He said this has to do with the SEC re-setting their market cap. He said this is a good thing and it will not take until the 6th of November to get this done. He hinted that there would be a PR to explain. I got the impression it (the PR) would be when it's done.
I am going to try to reach Sabra, but the CSHD recording keeps coming on.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
quote:Originally posted by St. Matthew: Attention: FWIW, I just got off the phone with Ben. He said this has to do with the SEC re-setting their market cap. He said this is a good thing and it will not take until the 6th of November to get this done. He hinted that there would be a PR to explain. I got the impression it (the PR) would be when it's done.
I am going to try to reach Sabra, but the CSHD recording keeps coming on.
Alright Big Guy!! Nice score!
I really feel something like this had to happen, this is just TOO too much.
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