posted
when rufus first pr'd the deutsche bank thing. I wrote an email to them and they wrote me back with they couldn't help me with my inquiry. I believe that was the jist of the email.
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
Posted at H S M Originally Posted by bondforever Its a very interesting point that ConCarne had posted about the relationship of CSHD with 'Deutsche Bank' as mentioned by the SEC and 'Deutche Bank' as mentioned in the PR by CSHD...
Very easy to think both are the same, BUT THEY ARE NOT
So that takes care of one out of two issues in question by the SEC
Two entirely different companies. I bet "Deutsche Bank" doesn't have a relationship because none was ever claimed. __________________
Concarne: "They did not PR a relationship with "Deutsche Bank" per the SEC document - the PR is clearly related to "Deutche Bank", a different entity. Check fer yerself"
Posts: 559 | From: MN | Registered: Apr 2006
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posted
mn that seems pretty thin to me. when I look up deutche bank up in google everything seems to point to deutsche bank. I can't find a website for deutche bank. The two names seem almost interchangable.
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
Posted at H S M Originally Posted by bondforever Its a very interesting point that ConCarne had posted about the relationship of CSHD with 'Deutsche Bank' as mentioned by the SEC and 'Deutche Bank' as mentioned in the PR by CSHD...
Very easy to think both are the same, BUT THEY ARE NOT
So that takes care of one out of two issues in question by the SEC
Two entirely different companies. I bet "Deutsche Bank" doesn't have a relationship because none was ever claimed. __________________
Concarne: "They did not PR a relationship with "Deutsche Bank" per the SEC document - the PR is clearly related to "Deutche Bank", a different entity. Check fer yerself"
Too funny....google Deutche Bank and tell us what comes up......
Being as we all know Rufus can't spell worth beans, this was probably just another of his myraid gaffs.....
go back and read the "rebuttal" to shaden's post, and realize how lame it is...not shaden's post, that is.
Ok, well maybe it is a different bank. Whatever, the issue is rather insignificant compared to the bonds anyhow, which are most certainly not claimable as fully owned by CSHD...
Posts: 36 | Registered: Oct 2006
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Ok, well maybe it is a different bank. Whatever, the issue is rather insignificant compared to the bonds anyhow, which are most certainly not claimable as fully owned by 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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Ok, well maybe it is a different bank. Whatever, the issue is rather insignificant compared to the bonds anyhow, which are most certainly not claimable as fully owned by CSHD...
Just like most bashers, when proven wrong they turn to something else...where is your link suggesting they do not own them...go check the GA govt documents..
Posts: 559 | From: MN | Registered: Apr 2006
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posted
For him to post that...and direct us to the point? Gotta wonder??? this is actually going to get much more fascinating....
quote:Originally posted by TaxBack04: 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
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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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.
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
So it looks like Rufus is trying to say this is going to hurt the shorts. I'm guessing he feels like the short MM's won't be able to deal with the 15c2-11. He seems to be saying that they were trading around the DTCC and not through them. Either this is good, or Rufus is just really good at BSing. I can't believe that Rufus wanted the suspension, but who knows.
Like sand through the hourglass....
Posts: 1028 | From: Georgia | Registered: Jul 2005
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Sure, the morning I volunteered to hel at my kids school and all h*ll breaks lose. i haven't had the time to catch up on all of the pages but I guess I'm either rich or out quite a few $. Still hanging in there...
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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posted
10 you're famous...you're worthy of quoting on crap-hub. You'd think if they're going to say you're passing out koolaide by the case they would at least give you credit for the post.
-------------------- One shot - One kill. Posts: 216 | Registered: Jul 2006
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posted
Yeah Tax I was looking at it more carefully I noticed that too. There's no question this sucks right now. We have really no info. A trading suspension is not good. After the suspension the SEC will say nothing even if they find everything to be on the up and up. Then we have to have mm's that will trade us. I'm not sure how that'll work. I don't know exactly what rufus was saying in the earlier post that cat copied over here.
posted
Either way, if they SEC finds nothing and we start trading again, I see the pps falling really hard unless Rufus PR's something. I'm sure the short MM's will take this opportunity to real bring the price down and cause the mother of all panic sales. Since the SEC won't say good or bad, I don't see anything to hold us up unless Rufus has some majic PR.
posted
Which post? the one about the Sec helping the shorts? AND? if it was posted on ihub? don't believe it! Never mind...just saw it..and to think that I did have some repect for that man...too bad...of all the stupid posts that I have made? and he chooses that one...? Since he reads here? Guess stocks are more important than anyone having a good opinion of you...have fun with the whale...
quote:Originally posted by Sandusky: 10 you're famous...you're worthy of quoting on crap-hub. You'd think if they're going to say you're passing out koolaide by the case they would at least give you credit for the post.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Meeting over yet? Whats up with that 40min chat you and Sabra had? Why on earth did she stay on the phone for 40 minutes?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
milliam the thing is after the supension is lifted. We don't automatically go back to trading like we would if we were on one of the big boards. The mm's have to decide to trade us again.
posted
Someone said that their Broker told them CSHD is "delisted" - none of the reasons for that are good except the very last sentence- I hope to the heavens above that the last sentence is the reason.........
Can a company be "delisted" or removed from the OTCBB? OTCBB issuers that become delinquent in their required regulatory filings will have their securities removed from the OTC Bulletin Board. Further, all OTCBB issues must maintain at least one registered Market Maker to remain on the OTCBB. When the last Market Maker in a security withdraws from the stock, the issue is removed from the OTCBB after 4 days pursuant to Rule 15c2-11. An issuer cannot voluntarily withdraw from the OTCBB; only a market maker can voluntarily withdraw its quote from the OTCBB. If an OTCBB security becomes listed on NASDAQ or an exchange, it will no longer be eligible and will be removed from the OTCBB.
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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Jenna - Rufus & co. have PR'd that they are in talks with a MM for NASDAQ...so I think that the last sentence will become reality. Posts: 2554 | Registered: Nov 2005
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Ok, well maybe it is a different bank. Whatever, the issue is rather insignificant compared to the bonds anyhow, which are most certainly not claimable as fully owned by CSHD...
Just like most bashers, when proven wrong they turn to something else...where is your link suggesting they do not own them...go check the GA govt documents..
Meaningless. I've not believed a single thing Rufus has put out, period. Amazed it took the SEC this long to formally announce an investigation. It will be a long time before this is finally resolved, but it won't be in CSHD's favor, IMO.
Posts: 36 | Registered: Oct 2006
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quote:Originally posted by Jenna: Someone said that their Broker told them CSHD is "delisted" - none of the reasons for that are good except the very last sentence- I hope to the heavens above that the last sentence is the reason.........
Can a company be "delisted" or removed from the OTCBB? OTCBB issuers that become delinquent in their required regulatory filings will have their securities removed from the OTC Bulletin Board. Further, all OTCBB issues must maintain at least one registered Market Maker to remain on the OTCBB. When the last Market Maker in a security withdraws from the stock, the issue is removed from the OTCBB after 4 days pursuant to Rule 15c2-11. An issuer cannot voluntarily withdraw from the OTCBB; only a market maker can voluntarily withdraw its quote from the OTCBB. If an OTCBB security becomes listed on NASDAQ or an exchange, it will no longer be eligible and will be removed from the OTCBB.
Jenna, aren't you too old to be drinking koolaide?
Wake up, lady, you have been had.
Posts: 36 | Registered: Oct 2006
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quote:Originally posted by Jenna: Someone said that their Broker told them CSHD is "delisted" - none of the reasons for that are good except the very last sentence- I hope to the heavens above that the last sentence is the reason.........
Can a company be "delisted" or removed from the OTCBB? OTCBB issuers that become delinquent in their required regulatory filings will have their securities removed from the OTC Bulletin Board. Further, all OTCBB issues must maintain at least one registered Market Maker to remain on the OTCBB. When the last Market Maker in a security withdraws from the stock, the issue is removed from the OTCBB after 4 days pursuant to Rule 15c2-11. An issuer cannot voluntarily withdraw from the OTCBB; only a market maker can voluntarily withdraw its quote from the OTCBB. If an OTCBB security becomes listed on NASDAQ or an exchange, it will no longer be eligible and will be removed from the OTCBB.
Jenna, aren't you too old to be drinking koolaide?
Wake up, lady, you have been had.
rburnout ...... What kind of a disease are you ? Do you go to hospitals and smile when people are ill ? Why not just sit on the side and be happy that we are concerned about our investment? Act like a humane being and not like a "punk". Grow up.
Posts: 557 | From: UpState New York | Registered: Sep 2006
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quote:Originally posted by cbbush: Jenna -- not told by broker -- I actually saw the computer screen. CSHD was "delisted."
I talked to BofA and asked them about any news on CSHD and the only thing they showed was the stock being halted by a request of the SEC . I asked them if it was delisted and they said there was nothing indicating this .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
OK here is a bit of speculation but I am just backing up and looking at the big picture and asking myself if I was Rufas why would I still be sooo confident.
Confidence comes from understanding of the situation your are in and having a true "belief" of your ability to control said situation.
I think anyone holding certs will be real happy when and if this thing pulls out of the suspension. The discount brokers (who may or may not be short) may refuse to trade this stock following suspension, but Rufus has mentioned Merril Lynch a few times so researching their MM's may be useful and keeping an eye on them a necessity.
I noticed this morning my account in Etrade finally showed the cert deduction, and I heard someone else mention this this morning also.
In any case if they come out of this suspension getting MMs to sign back up will be Rufus's primary goal and anyone holding certs will be able to deposit them with Merril or anyone else without restrictions. If I was Rufas I would live up to my promise and send out the 6X additional certs on time, this way the market begins to become liquid again while other MMs begin to file and get on board again.
The general idea is that we come out of this unscathed and the naked short position will be gone. It could be a very good thing from that regards. This is all just my opinon but the 6:1 ratio and certs could be the liquidity that was needed to resucitate this security following a suspension.
As far as Rufus wanting or knowing about a pending suspension. Do you not think he could have purposly caused it by convieniently not adding the contracts and ownership documents to the 10KSB. Kind of like flipping off a teacher just to get "in-school" suspension. Not a real smart decision unless you do it to prevent a "a$$ kick'n" after third period.
Sounds like a risky move to say the least but a real possibility if they know they have ownership, and just wanted to shake the nakeds once and for all.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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