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.
resetting the market cap? that would have to mean a price adjustment no? Id hope we are trading again tomorrow (im just following rufus's old word "we will halt trading and start the following day under a reset price
Posts: 3086 | From: miami | Registered: Nov 2005
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I for one am excited about this because if everything is well you will see the top blow off of this. People are holding back because they are afraid this is a scam. Well now we will see who is right and who is wrong. Will it be Rufus or burnout - I think Rufus will be on top - Go back to the info mentioned yesterday. Why would Bershire mention the number 7 billion out of all the numbers that could have been used? Berkshire doesn't deal in frauds ain't that right burnie. Just call the next days SNOW DAYS set back by the fire and relax. Tick Tock - It's coming and hopefully you bought some of this one. When trading restarts everything will bust lose!!! GO RUFUS!!!
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.
Ya know that actually makes some sense. Im sure that when CSHD proposed the new market cap the SEC is going to need solid proof of how this market cap has been increased. I find it odd that they just had a meeting with the SEC and now this has happened....odd in a good sense.
Or maybe im just too heavy on the koolaide today. Im not going to sweat it until i see documentation from the SEC stating there is something wrong.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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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.
I'm thinking that the SEC wouldn't have used an emergency halt to re-set someone's market cap. I kind of doubt what Ben's said here. I hope he's right, but it sounds like smoke to me.
Thanks for calling St. Matt....good luck to us all.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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Do you think that Ben is telling the truth St. Matt?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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Did he mention why they decided to provide the bond validity within thier statement? While i don't quite understand what is going on...right along with everyone else...
If what Ben said is true...why question the bonds as and the Deutsch bank as well?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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I don't like the reasons the sec gave for the halt. Matt if Ben's telling the truth I'm not sure why they listed everything they did in the statement regarding the halt.
quote:Originally posted by Chartwalker: well if it all pans out it will be fantastic!
--is this somekind of "play" maybe?...
Thought Ben said they were just meeting with the SEC????
Hmmmm...
Time for some phone calls ~
It is called a SCAM. Rufus flushed all of you away. I got out when it hit 4 dollars and stayed out. Why do you people think he is your buddy? You broke a rule and fell in love with the damn company. SEC will find the PR's to be bogus and that will be it.
Posts: 395 | From: algonquin,il,usa | Registered: Sep 2004
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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.
I think we'll be fine ~ I really do!
That is an out and out lie by Ben..or you. The quote of what he supposedly said yesterday also shows that he was wrong very wrong, or lying then as well. Mark my words, this stock will never trade on the BB again..
Posts: 36 | Registered: Oct 2006
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quote:Originally posted by Chartwalker: well if it all pans out it will be fantastic!
--is this somekind of "play" maybe?...
Thought Ben said they were just meeting with the SEC????
Hmmmm...
Time for some phone calls ~
It is called a SCAM. Rufus flushed all of you away. I got out when it hit 4 dollars and stayed out. Why do you people think he is your buddy? You broke a rule and fell in love with the damn company. SEC will find the PR's to be bogus and that will be it.
you are ASSuming siht already, no1 knows anything yet. bashers should hold off their bare buns BBQ lol
Posts: 3086 | From: miami | Registered: Nov 2005
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I'm leaning towards Ben blowing smoke. It doesn't add up.
Milliam- I agree.
I really can't imagine the company telling the truth if it all is a scam. I mean the reason for the suspension is listed clear as day.
I'd love to eat my own words here, I'm invested here too, but have always been on the fence with this stock.
Posts: 83 | From: NJ | Registered: Oct 2006
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quote: Will trading automatically resume after ten days?
It depends on the market where the stock trades. Different rules apply in different markets.
For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.
In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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the sec specifically mentioned the bonds in their halt statement. maybe it just took them a few days to really look at the financials. maybe rufus knew he was screwed when he filed the amended 10k on the 19th. i sure hope this works out in our favor cuz i have a lot of this stock too.
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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quote:Originally posted by milliam: Here's a faq about the sec trading suspensions. Also of note...this is not a trading halt...which I think is a good thing. http://www.sec.gov/answers/tradingsuspension.htm
Nevermind on the suspension being better than a halt. The halt would have been much better and probably would have been for a good reason .
Posts: 1028 | From: Georgia | Registered: Jul 2005
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Yes Tylee, you bought at what...2 cents and sold it at its highest. You are the greatest...and also full of it. Do you know how many times ive heard that nonsense? haha
We will all know in 10 days what the fate of CSHD is. Tylee nor anyone else knows whats going on, as that would be insider info and i dont think anyone here qualifies for that.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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Attention: FWIW...I just got off the phone with Mitch and he sounded frustrated and was totally caught off guard by the halt this morning. He had not talked to anyone yet, and was on the SEC website trying to locate the letter from the SEC. He assumed they would put something out once they figured out what was going on. That's all I could get from him.
BTW...he did tell me that he met with the Venezuela group and knows everything is ok with the $500 million bond. They own that bond outright. He believes the same is true with the $5 billion bond.
-------------------- "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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quote:Originally posted by Mr. CATIAEngineer: Yes Tylee, you bought at what...2 cents and sold it at its highest. You are the greatest...and also full of it. Do you know how many times ive heard that nonsense? haha
We will all know in 10 days what the fate of CSHD is. Tylee nor anyone else knows whats going on, as that would be insider info and i dont think anyone here qualifies for that.
yeah, go tell that to the dirt bags on ihub....they are already bringing out the party streamers..and the invitations havent even been mailed...
Posts: 3086 | From: miami | Registered: Nov 2005
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Just my take but the reasons they stated for the suspension do not correspond to Ben's statement. I would think if what Ben said was true this would be a halt not a suspension.
What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended? No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.
So we may never know if this is for real or a scam...at least not until the end.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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quote:Originally posted by St. Matthew: Attention: FWIW...I just got off the phone with Mitch and he sounded frustrated and was totally caught off guard by the halt this morning. He had not talked to anyone yet, and was on the SEC website trying to locate the letter from the SEC. He assumed they would put something out once they figured out what was going on. That's all I could get from him.
Another great call St. Matt. Thanks!
I think this just goes to show that Ben was blowing smoke. You would figure if one of them knew about it, they all would.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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rburnout why don't you put your credibility on the line - If this is a scam I'll quit posting on here. If it's not a scam you leave the board for good.
Before you answer that think about this. Why would a CEO gamble on prison time if he wasn't telling the truth about his company? If he was lying he just saw what happened to others who committed fraud. I don't think he is dumb enough to do that.
So with that said Answer my question. I am willing to trust the word of Rufus over any skeptic in here. You don't mention Deutsche Bank knowing that you will get pulled out on the carpet unless you know what is going on. Those guys don't play games. Burnie I bet you don't make the bet because your scared of the truth and not being apart of this!!! I'll see ya at the bank burnie!!! If not I'll quit posting on here for good - will you?
IF the SEC really believes that these Bonds are false? The trading may not start back up...and since they did this? they are leaning to it being a scam...sorry guys...It's only my "feeling" and nothing more...I hope that I am wrong...and perhaps we shall see...
I'm out for the day...GLTA!
quote:Originally posted by St. Matthew: Attention: FWIW...I just got off the phone with Mitch and he sounded frustrated and was totally caught off guard by the halt this morning. He had not talked to anyone yet, and was on the SEC website trying to locate the letter from the SEC. He assumed they would put something out once they figured out what was going on. That's all I could get from him.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Originally Posted by TheGreaterGood Hello everyone. I want to keep this simple.
"Everything is in the sec and gsccca filings. Again those docs are all you need in a court of law to prove the validity of the company and what is owed to you."
That is all you need! Pay attention to the filings. That is it! Do not speculate unless new information is given to you by the company or in the filings. I would highly recommend for everyone to listen to Rufus and take that 2 weeks vacation and catch up on other areas of life. I GUARANTEE that cshd will be in a better position that is right now and it will be trading differently. Too much time is spent on this stock, and sometimes it is unhealthy and creates more stress/worries. I feel that many of you deserve the reward for being long on this stock. Let me clarify this: If you sell your shares that was bought on or before 10/16, those 6 additional shares will still be credited to you whether you keep or sell your shares now. It's in the filings! The company will honor those 6 additional shares to you period! It's in the books as of 10/16/06. If you want to sell your shares so you can pay a 2 week vacation before the bomb is dropped then do so. The downside to that is you will be helping some of the shorts cover, however, it will not affect the validity or the bv of the company. I hope I can ease some of your worries, by letting you know that the filings are your best guess for the company, because they are valid. Do not speculate any further or the shorts will use it against you. I hope the best for all of you. Patience is key....
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