posted
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.
this is also the last statement of the letter sent out by the SEC today.
Therefore, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the above-listed company is suspended for the period from 9:30 a.m. EDT, October 24, 2006, through 11:59 p.m. EST, on November 6, 2006.
It doesn't say anything about being suspended up to 11.06.06 it says it will be.
quote:Originally posted by st0ckwatch.com: Indeed, at least two Internet publications with reputations for sniffing out stinky stocks, 0ur-Street.com and St0cklemon.com, have written scathing reports about Conversion Solutions and have contacted the U.S. Securities and Exchange Commission (SEC) regarding the OTC-BB promotion.
posted
Well all I have to say is one way or another , this should make some waves on Wall Street . I sure hope there's a pot of gold at the end of this rainbow .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
Shouldn't this be just a matter of showing the paperwork and documentation -- if there is actual documentation?
"Questions have arisen regarding the accuracy and completeness of information contained in Conversion’s press releases and public filings with the Commission concerning, among other things, (1) the company’s purported ownership and control of two bond issuances, in the face amount of €5 billion and $500 million, issued by the Republic of Venezuela, and (2) the company’s purported contractual relationship with Deutsche Bank."
Posts: 106 | Registered: Oct 2006
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posted
The philosophy of "prepare for the worst, plan for the best and take what comes" seems to be in play here. We all have shares and we are hoping for the best here, but how about some DD on what recourses as stockholders we have against the company and its officers. Class action suits, personal lawsuits (which would be the best), etc.
Now, not to say that is what I am wishing for or hoping for, but just planning by gathering up all the documented written and oral presentations made by the officers (i.e. Harris' guarantee on *** that the stock will be $15) and getting opinions from any attorney contacts we may have. I stand to lose a little in money, but a lot in a few dreams just like most of you. Is there anything wrong in putting our heads together in this endeavor?
Posts: 106 | Registered: Oct 2006
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posted
Attention: I have to go into a meeting for about an hour, but I wanted to let you all know that I just had a great 40 minute phone conversation with Sabra. Everything is fine and we will come out better for this. I will update you as soon as I can. We Will Win!!!
-------------------- "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 MoneyMoneyMoney: ahh, for you POS's that come in here daunting your negative style I'd love to have a 1 on 1 boxing match with you.
Folks have their money on the line and you act like you do. Bad things will come to you, lol. Karma...
I will go play other stocks now while waiting on CSHD but I need not to be seeing these fools bash a HALTED stock.
If we get lucky then we get lucky and if we don't then we don't but this is why we all protect our CAPITAL!
Money....Well said....People here have a lot of money on the line and some here appear to be happy that some thing bad might be happening. I don't think this should be tollerated. Classless.
Posts: 557 | From: UpState New York | Registered: Sep 2006
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quote:Originally posted by St. Matthew: Attention: I have to go into a meeting for about an hour, but I wanted to let you all know that I just had a great 40 minute phone conversation with Sabra. Everything is fine and we will come out better for this. I will update you as soon as I can. We Will Win!!!
40 minutes!!!! Apparently, she really does just like talking to guys - sorry, Jenna Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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quote:Originally posted by St. Matthew: Attention: I have to go into a meeting for about an hour, but I wanted to let you all know that I just had a great 40 minute phone conversation with Sabra. Everything is fine and we will come out better for this. I will update you as soon as I can. We Will Win!!!
You get "Balls of the day" post! ha ha ~~
Thx, can't wait to hear about it!
I'm checking with my briker online at Optionsxpress, I'll cut and paste when done...
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!!
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!!!
Now, that is a classy statement. No "I told you so's" Thanks
Posts: 557 | From: UpState New York | Registered: Sep 2006
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posted
Good Lord...does EVERYONE in this play have to speak in riddles?
One last theory... What if the SEC is really simply trying to help out the big companies that are in deep doodoo with this stock...like Ameritrade, Knight etc... Every attempt at bashing this stock has been made...this is the last chance...period...why could it not be that the SEC suspends trading saying of all things there are questions about the bonds...what better complete way to shake investors confidence? one last attempt...for these Companies that are in the bad place with this stock to cover their behinds? suspend trading...Cause EXTREME doubt in the investors mind and then open up trading to simply watch the PPS FALL...HUGE like no other time? Shorts cover...FTD's Cover...All is covered...???
OK that was my last theory..AND? Suspentions are NOT good...most end up delisted, shut down...time will tell if this is true or false...GLTA!
quote:Originally posted by luvforever: #191 RufusPaulHarris HSM Newbie
Join Date: Jul 2006 Location: Georgia Posts: 62 Now we see who is left standing, take names and divide the spoils. __________________ GODSPEED Rufus Paul Harris Chief Executive Officer Conversion Solutions Holdings Corp Harris*cshd.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
CESV just got off suspension http://www.sec.gov/litigation/suspensions/2006/34-54503a-o.pdf lost only a little, still in play --------- came off suspension on the 9th, it is now the 24th my L2 screen shows no MM`s issuing quotes on it! how is it still in play?
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
did anyone notice that sabra said she would have to call rufus and ben? why aren't they in the office after something like this? i don't see why peeps are happy about this, any trader knows what a big risk the pennies are. maybe a mass road trip to atlanta is in order......
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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posted
Originally Posted by RufusPaulHarris Now we see who is left standing, take names and divide the spoils.
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.
No market maker (dealer) can trade with out refilling form 15c2-11. No more direct trading around DTCC.
All is great.
Posts: 559 | From: MN | Registered: Apr 2006
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"Shareholders I just talked with Ben and he told me that all of this will be resolved. The SEC already has all the information that they need. He also said this is "helpful to them". He also said the SEC has not changed the market cap of the company and that should tell you something also. I will get back with more information but from what I am hearing this will all be helpful to them."Posts: 712 | From: Pungo USA | Registered: Mar 2006
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posted
Honestly? I am really taken back if this was Rufus's big "short elimination"... Could he havereally planned an SEC suspension?
quote: Today, 11:49 AM #455 RufusPaulHarris HSM Newbie
Join Date: Jul 2006 Location: Georgia Posts: 63 Now we see who is left standing, take names and divide the spoils.
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.
No market maker (dealer) can trade with out refilling form 15c2-11. No more direct trading around DTCC.
All is great. __________________ GODSPEED Rufus Paul Harris Chief Executive Officer Conversion Solutions Holdings Corp Harris*cshd.us
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
Posted by: schadenfreude In reply to: rookiecrd1 who wrote msg# 109734 Date:10/24/2006 11:32:32 AM Post #of 109886
Rookie, I talked to Deutsche Bank after that pr and they had the SEC contact me. I warned everyone on this board to do some digging but sadly no one listened. There is no contract. CSHD's press release was false and misleading; that is why Deutsche was mentioned in the halt letter. I'm surprised that they highlighted this issue since it is rather minor compared to Rufus' other transgressions.
Believe whatever you want. This stock is toast. We can only hope that Rufus, Ben and their merry band of thieves receive the justice they deserve.
"The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life." --Theodore Roosevelt
Posts: 36 | Registered: Oct 2006
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posted
I like the positive feedback from the Tut posting and the Rufus posting - but I'm still confused why Ben, Mitch, and Sabra made the comments they made earlier - particularly the comments suggesting they did not know this was going to happen - yet, somehow this is really good. To quote another poster - like sands through the hour glass . . .
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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posted
You aren't going to get a straight anwser from the company, I'll tell you that much. You can call as much as you want, and they'll feed you what they think you want to hear, more so if they are lying.
Sit back and wait, it's out of everyones control.
Posts: 83 | From: NJ | Registered: Oct 2006
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Theory 1:) Why would Ben and Rufus set this all up and go through the trouble over the past 5 months just to go to jail? Is their any benefit to this, their is many sick people out there, and it could be that they just wanted to scam thousands of individuals out of thousands of dollars... Nothing adds up.. I believe the SEC was just flooded and flooded with emails, calls, etc. concerning this stock and the fact that it is potentially going to change the lives of many investors forever and got fed up. They are now asking for CSHD to actually show them on paper the statement that states they really do own these bonds, they in fact have rights to all of them. It's not the SEC's way of saying prove it or lose it.
Theory 2:) The whole time Rufus and Ben were shorting the heck out of the stock and making a ton of money on these huge dips. They are now That much richer, and are on there way out of the USA, or better yet... maybe they were never in the USA to begin with.. Who knows... I am a shareholder and hold a lot of shares and im just stating my possible theories. Case and point a suspension is never good... a Halt would have been 10000 times ove again better.
Posts: 127 | Registered: Oct 2006
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posted
Once again our-burnout... no links, no phone number, no contact name at the bank, no substance, no credibility...
quote:Originally posted by rburnout: Posted by: schadenfreude In reply to: rookiecrd1 who wrote msg# 109734 Date:10/24/2006 11:32:32 AM Post #of 109886
Rookie, I talked to Deutsche Bank after that pr and they had the SEC contact me. I warned everyone on this board to do some digging but sadly no one listened. There is no contract. CSHD's press release was false and misleading; that is why Deutsche was mentioned in the halt letter. I'm surprised that they highlighted this issue since it is rather minor compared to Rufus' other transgressions.
Believe whatever you want. This stock is toast. We can only hope that Rufus, Ben and their merry band of thieves receive the justice they deserve.
"The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life." --Theodore Roosevelt
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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