quote:Originally posted by RyanPBF: 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.
Just so you people know this...I do not take what Ben says as gospel. Sometimes, I think he is just trying to get you off the phone. He does not have very good phone etiquette. Anyone that has spoken with him can verify this.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
quote:Originally posted by T e x: will concede this...I thought today would be the day for at least a NASD halt, if *not* an SEC supension...
what made you think this to begin with?
well, I thought it was a geek play to begin with...then you add the "divvy-not divvy" & the latest filings... it's finally simply too much. But, as mentioned, my guess was they'd use the weekend to decide then suspend Monday. Perhaps yesterday was about helping broker/dealers...i dunno, haven't read the filing, yet. Was looking for it when I saw your reply...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by shomethamoney: 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?
shome, Even though the scale with which Rufus has defrauded investors is expansive, it could still take years before he is proven guilty. There will likely be civil charges(or worse, as with PTMU, where the owner faces prison)) brought against him and/or the company. And trials drag out interminably long.
But, to answer your challenge, yes, if Rufus the Doofus comes out squeaky clean, absolved of all blame, I'll tuck me tail betwixt me legs and scamper on outta here. But not before admitting my lame perceptivity, and congratulating you all on your wealth.
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posted
someone should tell ben to look in this thread if he can't find the letter about the sec halt. no more smoke and mirrors, we will find out for sure this time when the sec finishes. its too bad purl gurl wasn't here to post about this situation.
-------------------- I'm from Missouri - Show Me!
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Join Date: Oct 2004 Location: Maryland Posts: 11,009 Quote: Originally Posted by mad9989 This is not a halt it is supended by the SEC BIG difference!!!
are they trading? if not then its halted and suspended and its not because they are going to the Nas either....and BTW...I am here due to another complaint.
Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 54645 / October 24, 2006 The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of Conversion Solutions Holdings Corp. ("Conversion"), of Kennesaw, Georgia at 9:30 a.m. EDT on October 24, 2006, and terminating at 11:59 p.m. EST on November 6, 2006. Conversion’s stock trades in the over-the-counter market under the symbol “CSHD”.
The Commission temporarily suspended trading in the securities of Conversion because of questions that have been raised about the accuracy and adequacy of press releases and public filings with the Commission concerning, among other things, the company’s purported ownership and control of two bond issuances, in the face amounts of €5 billion and $500 million, issued by the Republic of Venezuela, and the company’s purportedcontractual relationship with Deutsche Bank. The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760.
If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Conversion’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. If any broker, dealer or other person has any information which may relate to this matter, the Atlanta District Office of the Securities and Exchange Commission should be telephoned at (404) 842-7675. __________________ Quest Solver
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quote:Originally posted by RyanPBF: 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.
Just so you people know this...I do not take what Ben says as gospel. Sometimes, I think he is just trying to get you off the phone. He does not have very good phone etiquette. Anyone that has spoken with him can verify this.
Well.... In order to adjust/prove the marketcap, they would have to investigate the bonds right?....
posted
WOW!! just turned on my computer and saw the suspension!! don`t look good! I sincerly hope this works out for you guys ( investors/longs ) in ten days give or take you will know! no matter what happens I wish you all the best! GLTA!!!
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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.
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.
This is why I am scratching my head to the point of baldness. If they just met with the SEC and it went well (as per Tut, per Ben) then why pull this stunt just after the meeting?
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
quote:Originally posted by madmoney: WOW!! just turned on my computer and saw the suspension!! don`t look good! I sincerly hope this works out for you guys ( investors/longs ) in ten days give or take you will know! no matter what happens I wish you all the best! GLTA!!!
Thanks bud!!! We all appreciate it and we hope you don't lose your dough either. But good luck trading.....
-------------------- I buy fast and sell faster!
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quote:Originally posted by RyanPBF: 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.
Just so you people know this...I do not take what Ben says as gospel. Sometimes, I think he is just trying to get you off the phone. He does not have very good phone etiquette. Anyone that has spoken with him can verify this.
Well.... In order to adjust/prove the marketcap, they would have to investigate the bonds right?....
Yes, they would have to verify the new bonds (not audited in the 10-k) if they are wanting to move to the Nasdaq prior to the 10-Q coming out. Correct me if I'm wrong.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
posted
I'm glad you guys are keeping a positive view of this. Right now it just doesn't look good. Does anyone know if a company came out better than they were before an sec investigation.
quote:Originally posted by RyanPBF: I'm glad you guys are keeping a positive view of this. Right now it just doesn't look good. Does anyone know if a company came out better than they were before an sec investigation.
Yea well, when the 10k extension was filed....panic ensued. When the "E" arrived....panic ensued. This, of course, does not take into account all of the other craziness that took place in the past 4 months or so. Anyway, panic takes too much effort...im just not up to it.
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quote:Originally posted by RyanPBF: I'm glad you guys are keeping a positive view of this. Right now it just doesn't look good. Does anyone know if a company came out better than they were before an sec investigation.
unfortunately no pink sheets i can recall have come out on top or even been quoted again after a suspension though some have traded on grey sheets. after the suspension is lifted it will be up to MM`s to decide wether to quote this or not, if they decide not to it`s over! GLTA!!
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I going with your logic here CATIA...its just not worth the effort...
Either we all lost everything, which is a considerable amount to some...or all is going to be well...we just have to think about what we know...and what we have assumed...and come to some sort of peace with it all...no reason to blow up/stress out/go crazy...nothing me or any of you can do to change this situation...
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Mr Cat Im with ya. Theyve come out of every panic situation before. This is what we been wating for, maybe not the halt we wanted. Now its show time. JMHO
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posted
Ok could the 10q have been sent out and the sec suspended to check out the bonds that were to be in the 10q? Then if alls good we see the 10q cause it is done already per rufas then we go to nas mo
-------------------- Never lookback...
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