posted
OMG are you comparing this stock with Hitler. That is the funniest thing I have heard all day.
quote:Originally posted by Morty: Jenna -- I see that you are a wound specialist. Do you have help for the thousands that are licking theirs now? Ignore people and they will go away. I wonder where that would have gotten us with Hitler?
quote:Originally posted by plni: Originally posted by 10of13: Glass...or anyone? IF this stock is truly shorted...AND it doesn't return to trading? does that mean the peeps that did the legal short are off the hook? They do not have to repay the "shares"? OR? does that mean that they have to keep paying margin calls for there is no way for them to cover? How would that work? That my well be what this is all about,The shorts are in up to azzes and the sec is protecting the big money. It would not be good for the market if some of the big boys end up owing millions because of their greed.
This is my fear. I do believe Rufus and believe he thinks he knows what he is doing. However, I also believe our system is so corrupt I worry about it going the way the mm's and sec want it to go no matter what Rufus can provide them.
IP: Logged |
posted
I don't think Morty meant anything - he has some good questions & concerns - his posts are just popping up in between some other people's posts that are offensive to people with money in this...Morty U OK with ME....
-------------------- ..just remember....Family is EVERYTHING!!
IP: Logged |
quote:Originally posted by plni: Originally posted by 10of13: Glass...or anyone? IF this stock is truly shorted...AND it doesn't return to trading? does that mean the peeps that did the legal short are off the hook? They do not have to repay the "shares"? OR? does that mean that they have to keep paying margin calls for there is no way for them to cover? How would that work? That my well be what this is all about,The shorts are in up to azzes and the sec is protecting the big money. It would not be good for the market if some of the big boys end up owing millions because of their greed.
This is my fear. I do believe Rufus and believe he thinks he knows what he is doing. However, I also believe our system is so corrupt I worry about it going the way the mm's and sec want it to go no matter what Rufus can provide them.
At least it's clear that he doesn't plan on going down quietly or without a fight. Or he's insane.
-------------------- One shot - One kill.
IP: Logged |
posted
I, for one, am hoping for a quick knockout one way or the other. I don't wanna watch anymore rounds of small jabs and attempting to wear each other down...
-------------------- Study before you buy, Sell before you think about it....
IP: Logged |
quote:Originally posted by SherriT: I, for one, am hoping for a quick knockout one way or the other. I don't wanna watch anymore rounds of small jabs and attempting to wear each other down...
I really don't see that happening here . I think if there was a clear and present answer available , the SEC would have either moved quicker or not at all . I bet this drags out for a year or longer . Just my .02 .
-------------------- ----- Game Over -----
IP: Logged |
posted
I know I am pissing people off. Most especially people who still hold this stock, because unfortunately, after all this time, the truth is now finally dawning on them. Fear not, I will discontinue posting on this board, at least until the investigation is over. I will be reading though.
I'll leave you with this:
Give me bad ratings, do what you will. But blame your own financial losses on your own decisions.
IP: Logged |
quote:Originally posted by SherriT: I, for one, am hoping for a quick knockout one way or the other. I don't wanna watch anymore rounds of small jabs and attempting to wear each other down...
I really don't see that happening here . I think if there was a clear and present answer available , the SEC would have either moved quicker or not at all . I bet this drags out for a year or longer . Just my .02 .
Maybe I should clarify. IF Rufus does have the proof of ownership and presented it to the SEC via the hearing this morning, I do believe one way or another we will see trading resume by the end of the ten days. I think the shareholders will get the benefit of the doubt from the judge.
If the ownership is still questionable, I would consider my investment lost until a class action is settled many years from now.
-------------------- Study before you buy, Sell before you think about it....
IP: Logged |
quote:Originally posted by Jenna: If we ignore people then they will go away..........
I think it's more of what I said before:
Ignore things you don't want to hear and watch your money go away.
Be careful Neptune...this ain't over yet. Don't start with the "I told ya so crap until the fat lady sings".
It just so happens that Rufus, Sabra, and Ben are outside the courtroom right now waiting for a ruling from the judge. I think we will get something today because he would have sent them home by now if it was going to take longer.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
1) Rufus stated in the interview that he has proof of everything and can produce anything.
Fact
2) Many BIG institutions are in this stock - Do you honestly think that they would risk the type of money that they have if they didn't believe in what the company has
Fact
3) SEC is just the SEC they do not decide what happens to RUFUS only a judge can - you can't just say we're going to do this without full proof evidence - which I do not believe they have. I think that RUFUS blew the top off with the NOBO list and then called the SEC boy an idiot.
I think that the SEC just wants to bully and drag it out trying to bring the stock down and worry investors.
quote:Originally posted by Morty: Glass, you got it all wrong. I own a 1,000 shares at $2.95, so I am not a short. I sold all my first shares (2000) at almost $4 when I had .88 in them. Then, like a d u m b a s s, I bought 1,000 more believing the hype from the company. The agenda I have is that I am mad as hell and I am not going to believe DD done on company-issued data w/o the proper back-up. What the man, and I use that loosely, said was one thing, but when he put the pen to it then he better have back-up. As a stockholder for whatever reason I chose to be a stockholder, I have that right to the back-up documentation.
Who gives a crap if he won the battle of words with Saul (why ITF are we calling these people by their first names like family. That's as stupid as saying "we" when talking about our favorite sports teams)? It's the battle on paper and in the courts that count.
Yes, I'll wait. Yes, I'll hold the shares until I can (if ever) trade them. But, no I won't keep my mouth shut. I will give you my opinions based on my DD of facts not fiction. So stick the supension up your you know what!!!
LOL... settle down... i have serious issues with Rufus posting boards and talking on net radio...
posted
This guy is Our Street. Thats Why he keeps posting his link. Your full of it Neptune and you are trying to rub it in shareholders faces. What kind of person does that. If a kid gets killed in a football game do you go tell his parents that he got what he deserved? Do you go to the funeral and tell the crying people that the kid should have quit the dangerous game? Jeez, thanks but no thanks for your little Our Street propaganda.
quote:Originally posted by Neptunetrader94: I know I am pissing people off. Most especially people who still hold this stock, because unfortunately, after all this time, the truth is now finally dawning on them. Fear not, I will discontinue posting on this board, at least until the investigation is over. I will be reading though.
I'll leave you with this:
Give me bad ratings, do what you will. But blame your own financial losses on your own decisions.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
IP: Logged |
posted
Stock Symbol: CSHD $ Conversion Sol Hldgs Shares Short 2,156,393 Days to Cover (Short Ratio) 0.7 Short % of Float % Shares Short - Prior 2,327,148 Short % Increase / Decrease -7.34 % Squeeze Ranking™ % from 52-Wk HIGH ( 4.00 ) % % from 52-Wk LOW ( 0.04 ) % % from 200-Day MA ( 0.70 ) % % from 50-Day MA ( 1.62 ) % Price % Change (52-Wk) 2387.50 % Trading Volume - Today 2,700 Trading Volume - Average 3,066,813 Trading Volume Vs. Avg. 0.09 % Total Shares - Float Total Shares - Outstanding 48,898,637 % Held by Insiders % % Held by Institutions % Market Cap 92,907,409 EPS 0.38 PE Ratio 4.90 Sector: Financial Industry: Credit Services SI Record Date 2006-Oct
Information Provided Without Warranty
IP: Logged |
quote:Originally posted by Jenna: If we ignore people then they will go away..........
I think it's more of what I said before:
Ignore things you don't want to hear and watch your money go away.
Nep~ your funny.
How about don't listen to people on a stock board... cause most people have an agenda.
or maybe.
Stick together longs and talk about the current events of the security your own, because shorty and da flippa's want to cause panic, confusion, and volitility.
Which begs the question of why all the negative posts? If manipulation is impossible because the stock is halted what is the motivation? Must be to find out about the current news which is a serious deviation from the non-DD fly by the seat of the pants role they are used to playing by. I mean what is there to know about an "good entry point" when the stock is stalled?
posted
News: By Carol S. Remond Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The Securities and Exchange Commission has filed a complaint against Conversion Solutions Holdings Corp. (CSHD) and chief executive Rufus Harris.
The SEC said in a complaint filed Tuesday in the U.S. District Court for the Northern District of Georgia, Atlanta Division, that the company made false and misleading statements in press releases and financial reports filed with the commission.
The SEC temporarily halted trading in Conversion Solutions stock because of questions about the accuracy of the company's press releases on Tuesday. Trading is scheduled to resume on Nov. 7.
The commission said in its complaint that Harris knew that statements made by Conversion Solutions were "false, misleading or recklessly disregarded the danger that they were."
Among false claims made by the Over-The-Counter company was the claim that it owns or controls the entirety of two separate Venezuelan bond issues with face values of EUR5 billion and $500 million, the SEC said in the complaint.
Conversion Solutions stock skyrocketed to a high of $4 a share on Sept. 28 with a trading volume of more than 14 million shares. The company had announced its acquisition of the euro-denominated Venezuelan bond in a press release on Sept. 27. On Sept. 28, the company said in another release that it planned to list on the Nasdaq stock exchange.
The SEC said in its complaint that 8K filings and an annual report filed by Conversion Solutions in September and October "fraudulently overstated Conversion's assets."
According to the complaint, Conversion Solutions doesn't own or manage as an asset the entire euro-denominated bond issuance identified in its press release and 8K filing. In fact, the company wrongly stated the amount of Venezuelan euro-denominated bond outstanding as EUR5 billion when there is only EUR700 million outstanding.
Conversion Solutions also misled investors about its ownership of $500 million in Venezuelan bonds, according to the SEC.
Conversion Solutions and Harris "directly and indirectly employed devices, schemes or artifices to defraud; made untrue statements of material facts or omitted to state material facts necessary in order to make the statements made," the SEC said in its complaint.
The SEC asked the court to issue restraining orders enjoining Conversion Solutions and Harris from violating securities laws. The SEC also asked the court to order them to disgorge ill-gotten gains.
Harris wasn't immediately available for comment.
Conversion Solutions stock rose from mere cents in early July to a high of $4 on Sept. 28. The stock closed at $1.87 a share on Oct. 20 before being halted by the SEC.
-By Carol S. Remond, Dow Jones Newswires; 201-938-2074; carol.remond*dowjones.com
News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Please consult other sources of information and consider your individual financial position and goals before making an investment decision. Ameritrade, Division of Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. 2002 Ameritrade IP Company, Inc. All rights reserved. Used with permission.
IP: Logged |
posted
This is a tough board to follow these days. I've been sitting back following it when I can, and researching what I can, but I've never seen people come out of the woodwork like they have this week. I don't mind people suddenly appearing and voicing their opinions, positive or negative, but they are getting so degrading. Their comments are as if we're unintelligent, uninformed and unable to make decisions for ourselves. They act as if they are the savior who has come to save us all. There's nothing wrong with a healthy discussion, debating both sides...but this "you people are stupid" attitude that gets tossed around here is just a waste of time for everyone.
I think we all expect people like this to appear, especially during controversy. Who knows, they may ultimately turn out to be right, but don't come in here and trash everyone who has put some effort into making informed decisions on this stock. We REALLY need to start ignoring people who can't talk with respect. Responding to them just gives them more reason to post their crap and welcome others to do the same, knowing that they'll get a response. Like I siad, I'm more than welcome to listen to both sides, but don't come in here talking crap.
Gotta run people. Just wanted to take a second and throw in my two cents worth. Have a good one.
IP: Logged |
quote:Originally posted by TaxBack04: Calm down... everyone claiming to have a law degree... please raise your hand. Now slap yourself in the mouth.
Fact is proof of ownership is just that. I own it. Bloomberg is showing people who are investing either for or against the performance of that bond. bloomberg will not show you the ownership of that bond and by the limited power invested in me I deem David an "Idiot" and quite possibly a freelancing crook waving Federal credentials.
Really read the document, the guy is a self proclaimed trained expert in using Bloomberg? Then why does he not know that a Venezuelan Bond is not individually or partnership owned by a single entity? Heck it would atleast be more believable if he was claiming ownership of the bond to be the Republic of Venezela or Hugo Chavez.
His opinion that the bond would not be trading? Oh yeah that is how things work. Boy I bet a non-trading bond would have a stellar performance and credit record. What is your return? 0% Excellent! This guy does not know his bonds and he is the one halting our security so that Rufus can explain it to him.
I'm sure you know more about this than I...I hope what you're saying is correct. If it is, then, as Rufus said, the SEC guys are idiots! Add this to the story of the SEC guy not knowing what the "E" was and it seems real sad.
How can they even begin to do their job if they don't know this stuff?
IP: Logged |
posted
Neptune meet me at Taco Bell and I will get you a Spicy Crunch Wrap Combo. It will be the last good meal you get once you are out on the streets begging because you don't have any support for your ignorant statments and you don't have a clue like some others about this stock. Who knows maybe we can get you an application for Taco Bell and you can run the cash register - oops forgot you have no money sense!! Cya at Taco Bell buddy!!!!
posted
Sam - "CSHD! ARE YOU ON THE TRAIN? DING! DING! DING!"
Yep, and the doors are locked from the outside! I see a bridge coming up....can't tell if its up or down??? Guess we will find out soon enough, but the suspense is killing me!!!
IP: Logged |
I am here. Rufus, Ben and Sabra are outside the courtroom having presented all their proof positive and are just waiting for the ruling. You have to understand that they chose the federal court because this will show publicly and the SEC will have no choice but to act against the short interests. I talked with Mitch Sepaniak and he said after the ruling we should see a press release.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
posted
Be careful Neptune...this ain't over yet. Don't start with the "I told ya so crap until the fat lady sings".
It just so happens that Rufus, Sabra, and Ben are outside the courtroom right now waiting for a ruling from the judge. I think we will get something today because he would have sent them home by now if it was going to take longer.
St. Matt how do you know this?? Keep us posted
IP: Logged |
posted
Quick question/comment...I looked over the exhibits on the case and most of them are copies of the PR's, but the copy is on the actual date of the PR. They actually show the date and where the stock is at (charts and quotes). Is this something you can go and get via a cached page, is this something they can get by contacting Quotemedia, or is this that actual daily chart because they've been keeping up with CSHD that closely?
IP: Logged |
posted
According to the complaint, Conversion Solutions doesn't own or manage as an asset the entire euro-denominated bond issuance identified in its press release and 8K filing. In fact, the company wrongly stated the amount of Venezuelan euro-denominated bond outstanding as EUR5 billion when there is only EUR700 million outstanding.
Conversion Solutions also misled investors about its ownership of $500 million in Venezuelan bonds, according to the SEC. --------- if this is true dark days are comming! for the sake of longs and current holders i hope it is NOT!! time will tell, GLTA!!!
IP: Logged |
quote:Originally posted by St. Matthew: Today, 02:52 PM #5339 tutankhamen HSM Regular
Join Date: Aug 2006 Posts: 346
I am here. Rufus, Ben and Sabra are outside the courtroom having presented all their proof positive and are just waiting for the ruling. You have to understand that they chose the federal court because this will show publicly and the SEC will have no choice but to act against the short interests. I talked with Mitch Sepaniak and he said after the ruling we should see a press release.
quote:Originally posted by St. Matthew: Today, 02:52 PM #5339 tutankhamen HSM Regular
Join Date: Aug 2006 Posts: 346
I am here. Rufus, Ben and Sabra are outside the courtroom having presented all their proof positive and are just waiting for the ruling. You have to understand that they chose the federal court because this will show publicly and the SEC will have no choice but to act against the short interests. I talked with Mitch Sepaniak and he said after the ruling we should see a press release.
is it true the ruling will be made today and a pr today as well?
IP: Logged |
posted
I just got a disturbing call from my father. He had CSHD stock with TDA. Opened an account with Choice trade and tried to transfer the stock. He just checked his account and the shares are gone, his balance is -$11K. He has sent an email to TDA and is awaiting a reply.
quote:Originally posted by a surfer: Be careful Neptune...this ain't over yet. Don't start with the "I told ya so crap until the fat lady sings".
It just so happens that Rufus, Sabra, and Ben are outside the courtroom right now waiting for a ruling from the judge. I think we will get something today because he would have sent them home by now if it was going to take longer.
St. Matt how do you know this?? Keep us posted
Because Sabra likes him (kidding - that was just an offhand comment since he has talked to her several times over the last few months). Tut's post just said it, and he has a knack of being in the right place at the right time. Fingers and toes crossed gang?!?!?!?! (Not crossing legs because I like my hubby - LOL!)
-------------------- Study before you buy, Sell before you think about it....
IP: Logged |
posted
Thank god someone is there, lol...I've been waiting all morning to hear that someone was actually there to hear and see what was going on...
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Cool]](cool.gif)
![[Smile]](smile.gif)
