posted
I agree con... the SEC seems to be getting the whole picture. Bonds are real. Bonds are owned by CSHD. And soon Bonds are totally owned by CSHD.
I saw the "Certificate of Ownership" there isn't even on percentage figure on that document besides the coupon of 13.625%.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
no i said if they ever found out there complaint was false they would make a statement saying that
Posts: 82 | Registered: Oct 2006
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posted
"The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company."
So, when the stock was suspended for 10 days, tanked 75%, and traded on the grey sheets we "will not know if the SEC is continuing its investigation". WTF?
That's like me walking into a meeting with 25 people, **** my pants, saying "they'll never know its me."
Right, we just don't know there is an investigation going on do we?
quote:Originally posted by frank021474: Good point!
tchamblee67 HSM Regular
Join Date: Sep 2006 Location: Dallas, Texas Posts: 308 So Hicks said that they were continuing with the investigation?
It looks like someone might be going against what is listed here:
posted
Thats nice of Hicks and Black to return calls to everyone and their brother.
I still can't believe that the SEC ATTY's are returning calls to any shareholder that leaves them a message.
Its not like they call the shareholder back and say "No comment" but they go ahead and discuss the case- the strategy and even forward documents indicating "Feel free to share them with other shareholders, its public knowledge"
I thought maybe it was a once time occurence yesterday that was brought up but people on HSM are posting the conversations etc.. from todays call-backs (since they weren't in all day or at least not answering the phones).
Good looking out SEC
K enough venting- almost time for happy hour
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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posted
Another good post- someone posted here earlier regarding the short position getting covered for pennies on the dollars (maybe quarters) during this gray time. If this is the case the short play is still around the corner.
Croireavenir HSM Addict
Join Date: Mar 2006 Location: Springfield, Virginia Posts: 1,024 Just finished catching up...
The NS positions by the MM's CANNOT be convered in the grey's
They MUST file their 15c2-11 forms before they can quote a stock, and cover.
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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quote:Originally posted by tanks aka chevyrider: they also said they are sticking with there original complaint
Of course they are... heck they haven't even run across on lawyer yet to defend against it, and in reality their case is so weak. All they have to proove is recklessness on Rufus's part which is like prooving an asthma patient to be a heavy breather.
Even if they say well CSHD doesn't own ALL of the bonds. (Just a very large majority of them that equal the amounts claimed.) They still win against Rufus's lack of clearity, but no Federal Judge is going to close the company down for that. It is a face value win if anything.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
Taxback, The SEC didn't charge Rufus with "Recklessness". They charged fraud. There is a specific legal definition that they have to meet to prove it.
-------------------- Stay strong! Stay long! Posts: 69 | From: Portland, OR | Registered: Oct 2006
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quote:Originally posted by frank021474: ...So Hicks said that they were continuing with the investigation? It looks like someone might be going against what is listed here: "The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company." I am not sure if this is illegal but it is a definitely a contradiction.
From what Bill told me, they were going ahead with a lawsuit. Is that considered an enforcement? I dunno.
quote:Originally posted by frank021474: Another good post- someone posted here earlier regarding the short position getting covered for pennies on the dollars (maybe quarters) during this gray time. If this is the case the short play is still around the corner.
quote:Originally posted by frank021474: ...So Hicks said that they were continuing with the investigation? It looks like someone might be going against what is listed here: "The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company." I am not sure if this is illegal but it is a definitely a contradiction.
From what Bill told me, they were going ahead with a lawsuit. Is that considered an enforcement?
I'd say that yes , they are planning on going after Rufus and the company and feel they have enough to go foward with it or they feel CSHD doesn't have enough to defend them self . Either way , if either is true , CSHD is sunk . Its pretty much down to CSHD proving they have what they say they have . If they can't , its GAME OVER .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
the only reason i feel this was done this way is to show that we have the lines of credit and that will show an even stronger statement to the judge along with the financials updated by an outside auditor to verify the bonds further without a shadow of a doubt.
Posts: 82 | Registered: Oct 2006
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quote:Originally posted by 10of13: Crab...he said "if" not saying they won't..just pointing out that if they found it out that they would PR it...AND? i too am suprised that the SEC would PR it..
quote:Originally posted by CRab: Bill Hicks really stated that they found out the ownership of the bonds and that they would press that?
"i too am suprised that the SEC would PR it.."
The SEC PR'd something about this? lol, dying for that link--you got it?
quote:Originally posted by tanks aka chevyrider: the only reason i feel this was done this way is to show that we have the lines of credit and that will show an even stronger statement to the judge along with the financials updated by an outside auditor to verify the bonds further without a shadow of a doubt.
Rufus said to me.. "the lawyer that we chose is also an auditing attorney... do you think we did that by accident?"
Remember last night when we were playing connect the dots and we thought maybe we tracked a CEOTA persons name to a company called Tensor?
This guy below is our CFO, whatcha think?
Randy Moseley –CFO Mr. Moseley became the Chief Financial Officer and Executive Vice President of Fronthaul on December 12, 2005. Mr. Moseley is also currently Executive Vice President and Chief Financial Officer of Urban Television Network Corporation, which position he has held since 2001 when he co-founded the network. Prior to 2001, Mr. Moseley served as Executive Vice President and Chief Financial Officer of Tensor Information Systems, Inc., a custom software development company based in Fort Worth, Texas from November 1999 - June 2001. Prior to joining Tensor, Mr. Moseley served as Executive Vice President and Chief Financial Officer for American Independent Network, Inc. (“AIN”), a network for independent Broadcast television stations and cable operators. AIN merged with Hispanic Television Network, Inc. in November 1999 and its name changed to Hispanic Television Network, Inc. Previously, Mr. Moseley held positions with Jerry Lancaster & Associates Inc. and Ernst & Young. Mr. Moseley received a bachelor's degree in business administration from Southern Methodist University and is a certified public accountant. Mr. Moseley has affiliations with the Texas Society of CPAs and the American Institute of CPAs.
posted
The legal term is scienter -- which may be shown by "severe recklessness." You both are correct. The SEC states:
"Scienter is clearly present here. The repeated and outlandish nature of the misleading statements by Conversion and Harris shows recklessness, if not outright knowledge of the falsity of their claims."
Posts: 276 | Registered: Nov 2006
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posted
SEC did not sign the consents. The company and Harris signed the consents waiving their rights to the hearing w/o admitting anything but grants the SEC all the emergency relief it was seeking.
Posts: 276 | Registered: Nov 2006
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posted
Cat...you are going to complete that dot-to-dot picture aren't you!? Can't wait to see it!
trade04? a couple of pages back there is a copy of what Rufus signed...for court.. I still haven't seen what the company signed...ANYONE have that? the company didn't have to go to court...because the investigation is on going...and the article submitted to the court from Rufus and Company says they agree to continue with the investigation...(basic) But no...this isn't over...
-------------------- #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
10 is correct, but as I said earlier the ball is in the company's hand now. The company makes the next move to file for dismissal and show cause or file answers to the SEC charges. Court is now is session all rise lol.
Posts: 276 | Registered: Nov 2006
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quote:Originally posted by wv1973: SEC did not sign the consents. The company and Harris signed the consents waiving their rights to the hearing w/o admitting anything but grants the SEC all the emergency relief it was seeking.
No it didnt. go back and look at the charges and relief asked for. all they got was the injunction, they didnt get the rest of the stuff asked for.
Posts: 440 | Registered: Jul 2006
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quote:Originally posted by frank021474: Thats nice of Hicks and Black to return calls to everyone and their brother.
I still can't believe that the SEC ATTY's are returning calls to any shareholder that leaves them a message.
Its not like they call the shareholder back and say "No comment" but they go ahead and discuss the case- the strategy and even forward documents indicating "Feel free to share them with other shareholders, its public knowledge"
I thought maybe it was a once time occurence yesterday that was brought up but people on HSM are posting the conversations etc.. from todays call-backs (since they weren't in all day or at least not answering the phones).
Good looking out SEC
K enough venting- almost time for happy hour
this is completely baffling to me.
They are not only going against their own rules of not disclosing whether there is a continued investigation after the suspension, but they are calling people and talking about what the game plan is? Are they trying to scare people into selling there shares?
Posts: 440 | Registered: Jul 2006
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quote:Originally posted by jmoe20: Portman, i'm an application developer at Aetna Insurance. I'm no english teacher. Went to school at UCONN. I'm sure I have better education that Rufus and Mike combined.
No matter. These guys are sharp. Ross Perot sure doesn't convince me he's smart, but he knows a lot about business. LOL
Everybody just relax.... it will unfold as it should.
Dog, just go back to your $4 an hour day job and 25 cent lemonade stand you call a "business". No one cares what you have to say.
Dog - SMACK him SMACK him HARD!!!!
Nah... got a thick skin... I'll just make Cat buy the Dog a few beers for that one.
posted
The TRO basically asked that the company and Harris stop making false or misleading statements and not destroy any documents or other evidence. There were only four or five points in the TRO that was being asked for at this time, but what Harris signed had several other items added. I have all these documents at work, so I won't be able to quote chapter and verse exactly until tomorrow.
Posts: 276 | Registered: Nov 2006
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posted
You can quote them all you want now...here they are, and just to clarify...it doesn't say "stop" making false claims...it says "not" to make any false claims etc.
quote:Originally posted by TaxBack04: As some of you know and were nice enough to tell me. Purl Girl called me a “Pump and Dump Criminal” last night. Now I don’t know if I want to take offense to this, or be proud that she feels the need to attack me from a distance and the things I am posting have caught such Regal attention... HA HA!!
Here is her post on another board: http://www.silicon investor.com/readmsg.aspx?msgid=22992547 (remove the space)
For some reason she/he believes that “Eddy Reyes Torres” the Segundo Vicepresidente of the Banco Central de Venezeula is some vigilante guerilla who is of horrible character and is a perp. in this “so called” bond scheme. Now I will admit the link I posted last night that was penned in 2006 and had a 1997 document attached which referenced Mr. Torres. After looking at it again the attachment is old. I only grabbed it because it was the one of hundreds of BCV documents on the net that referenced him and had a 2006 date on it.
But what I don’t understand is why Purl Girl can’t DD the guy herself/himself and see the hundreds of document out there. So I figured she/he wanted some sort of time line. Now I will also admit that the restructuring of BCV documents in 2001 made it difficult to find information on “Eddy” but it is still out there and he is still a Vicepresidente of BCV so once again I state that “Purl Girl is full of it!” and sorry madame/sir I am no pump and dump criminal, and so far you are the only one showing your true colors and lack of ability to get the facts straight. Here is you F’n timeline:
Restructrue and started going by Eduardo Torres...still working for: Banco Central de Venezuela Vicepresidencia de Estudios Oficina de Investigaciones Economicas (Central bank of Venezuela Vice-presidency of Studies Office of Economic Investigations) 2002 to 2003 is a mixture of documents most under Eduardo.
Oh yeah... hey Purl Girl quit pretending... Like when you said you have not checked out the other signature on the $500 million bond Certificate of ownership. Why don’t you just admit that you don’t know where to start because you can’t read the name from the scan! Here you go... let me help you get started.
By the way I guess that was round 3 and I hope this time you heed your trainers advice and “stay down” while he/she throws in the towel for you. LOL PG you are next to worthless.
Mr. Reyes has dealt with other bonds to the United States Government. If he were a fraud... that would damage his rep with the U.S. and he would lose billions of dollars of business for the bank. Rufus was quite sure that Mr. Reyes did not want to do that. Remember which congressional member was said to have introduced Mr. Harris to the Reps. of the Bank? The US does a lot of business with this Venezuelan bank... and I don't care if it's funding guerrillas or not. Not my politics and there is enough DD to do. IMO
quote:Originally posted by frank021474: Thats nice of Hicks and Black to return calls to everyone and their brother.
I still can't believe that the SEC ATTY's are returning calls to any shareholder that leaves them a message.
Its not like they call the shareholder back and say "No comment" but they go ahead and discuss the case- the strategy and even forward documents indicating "Feel free to share them with other shareholders, its public knowledge"
I thought maybe it was a once time occurence yesterday that was brought up but people on HSM are posting the conversations etc.. from todays call-backs (since they weren't in all day or at least not answering the phones).
Good looking out SEC
K enough venting- almost time for happy hour
this is completely baffling to me.
They are not only going against their own rules of not disclosing whether there is a continued investigation after the suspension, but they are calling people and talking about what the game plan is? Are they trying to scare people into selling there shares?
Not only calling people back but sending emails out to shareholders with attachments of docs and telling them to please feel free to share the info? this just doesn't seem right!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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last night. Now I don’t know if I want to take offense to this, or be proud that she feels the need to attack me from a distance and the things I am posting have caught such Regal attention... HA HA!! 
