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Sounds very interesting Doc. Very very interesting. If we did come to a settlment with the SEC this could be almost over. However, what are the chances of getting back on the OTCBB rather than the pinks? DO you guys think we could open up where we were before?
quote:Originally posted by thedoctor: Without even the slightest doubt in my mind folks, this has to be very positive. I have thought about this and discussed this with a few people not involved in this stock...but very strong players on Wall Street. This has to be part of an agreement with the SEC. It has all the designs of a settlement to be announced very soon. The company is making changes on the web site, things being removed from the site......evrything points to it. The reason for no PR or any type of announcement is because of some type of time frame in the agreement. I would be willing to wager lots of money that there is an agreement between parties. It is so obvious that it has happened. I may be way off here, but several others that would be able to give "educated" opinions feel strongly the same as I do. I would look at this very positively.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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quote:Originally posted by voyager1951: I think doc could be correct. The sec said get rid of him and we'll talk. Makes sense. But all the financials have to what they were previously stated or we may be in trouble.
Of course they have to be correct, but I feel that they are correct. One more thing that I also feel strongly about. Its been stated here that the 6 for 1 is gone. NO IT ISN'T. The 10K stated that the corp chose that elective and stockholders have every right to expect that to happen. We are moving to much better position now in a lot of investor's eyes.
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Ya know im sure everyone is happy that the SEC stuff has been removed from our website and that the SEC MIGHT be satisfied with just taking on Rufus and leaving CSHD on get on with their business but im ticked. Fine, we may settle out of court and who will really know in the end who settled and who "won"? Personally, I WANT TO KNOW!
I hope this isnt just swept under the rug because Rufus and the SEC has my attention now and i wont be distracted!
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I just called the main office number. First time it was busy, second time I spoke with what sounded like a receptionist. I told her I was a stockholder in the company and that I would like to speak to someone who could comment on the current situation if possible. She told me that she could forward me to someone's voice mail but that no-one was physically in the office right now who could answer my questions.
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Current Events KENNESAW, Ga., Nov. 2 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation announces the following current events have taken place.
On November 1, 2006 Conversion Solutions Holdings Corp Board of Directors has voted and agreed to remove Mr. Rufus Paul Harris as Chief Executive Officer due to pending litigation to protect the company and shareholders at this time. Conversion Solutions will announce succeeding Chief Executive Officer at a later date.
About Conversion Solutions Holdings Corp
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quote:Originally posted by TexasMoney: From TUT on HSM:
Today, 02:12 PM #9132 tutankhamen HSM Regular
Join Date: Aug 2006 Posts: 385 Check the wires.
And apparently everyone is because i cant get the site to function at all. Of course my company has crap for network servers so who knows.
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LAKE DALLAS, TX, Nov 02, 2006 (MARKET WIRE via COMTEX) -- Conversion Solutions Holdings Corp. (CSHD), a Delaware Corporation, announces the following current events have taken place.
SPECIAL MEETING OF MAJORITY SHAREHOLDERS OF THE FRONTHAUL GROUP, INC./CONVERSION SOLUTIONS HOLDINGS, CORP.
Pursuant to the provisions of Delaware Business Corporation Act, as amended, the undersigned directors, being a majority of the shareholders of The Fronthaul Group, Inc./Conversion Solutions Holdings, Corp., a Delaware corporation (the "Company"), acting by written consent, hereby adopt the following corporation shareholder resolutions and hereby consent to the taking of the actions set forth therein.
WHEREAS, shareholders owning a 51+% majority of the 159,000,000 outstanding shares of the Company as evidenced by the signatures to these shareholder minutes have determined it is in the best interest of the Company for a new set of directors be appointed to take control of the Company in lieu of the present board and managements violating certain provisions of the Merger Agreement including, but not exclusive of, Sections 2, 4 and 6, which have caused the Company to be subjected to investigations by the Securities and Exchange Commission for filing erroneous financial statements, publishing questionable press releases, the NASD's halting of trading in the Company's shares, and not filing proper documents and amendments with the Delaware Secretary of State.
WHEREAS, Michael A. Alexander has offered to return to the Company as its Chairman of Board and Chief Executive Officer to oversee the restructuring and operations of the Company.
WHEREAS, Randy Moseley has offered to return to the Company as its Chief Financial Officer to assist Mr. Alexander's in the restructuring and manage the financial aspects of the Company.
RESOLVED, that Michael A. Alexander be appointed as the Company's sole director in replacement of Rufus Harris and Darryl Horton, the current directors of record with the Delaware Secretary of State and any other directors that might have been appointed and not reported to the Delaware Secretary of State.
RESOLVED FURTHER, that Michael A. Alexander be appointed as the Company's Chief Executive Officer and President the Company.
RESOLVED FURTHER, that Randy Moseley become the Company's Chief Financial Officer upon the resignation or termination of Darryl Horton.
RESOLVED FURTHER, Michael Alexander and other management personnel appointed by Mr. Alexander as sole director be authorize to establish corporate bank relations and accounts for the Company.
RESOLVED FURTHER, that Michael Alexander be authorized to establish the corporate offices for the Company in a location that he deems appropriate and accumulate and secure all the Company's financial records at the selected location.
RESOLVED FURTHER, that the Company file an amended Annual 10-KSB and the September 30, 2006 Quarterly 10-QSB with the Securities and Exchange Commission as soon as possible.
RESOLVED FURTHER, that the Company terminate all existing employment agreements and authorizes the new board of directors to negotiate employment agreements with new management as deemed necessary.
RESOLVED FURTHER, that Michael Alexander, as sole director, be authorized to cancel shares of common stock issued to the replaced board of directors and management as he deems equitable.
The execution of this Consent, which may be accomplished in counterparts, shall constitute a written waiver of any notice required by the Nevada Business Corporation Act or this corporation's Articles of Incorporation and Bylaws.
Dated: November 2, 2006.
"Based on current events, the major shareholders have approached me and asked me to return to the company as the Chairman of the Board and Chief Executive Officer. I have chosen to resume this role as my shareholders best interest, have always been foremost in my mind. I personally feel this is the right move at this time. I ask every shareholder only read and except information which will come from me in this time of transition. We do not intend to change the business model or management at this time. I will be diligent in updating the shareholders during this process. I spoke directly with Rufus Paul Harris prior to the majority shareholder meeting and have his 100% support. I regret his hasty departure from the company, as I feel every person is innocent until proven guilty. I look forward to working with the SEC, Ben Stanley, and Sabra Dabbs in moving this company in the right direction and resolving current issues. Any questions please feel free to contact the company at (940) 321-1074," says Michael Alexander Chairman/CEO Conversion Solutions Holdings Corp.
LAKE DALLAS, TX -- (MARKET WIRE) -- 11/02/06 -- Conversion Solutions Holdings Corp. (OTCBB: CSHD), a Delaware Corporation, announces the following current events have taken place.
SPECIAL MEETING OF MAJORITY SHAREHOLDERS OF THE FRONTHAUL GROUP, INC./CONVERSION SOLUTIONS HOLDINGS, CORP.
Pursuant to the provisions of Delaware Business Corporation Act, as amended, the undersigned directors, being a majority of the shareholders of The Fronthaul Group, Inc./Conversion Solutions Holdings, Corp., a Delaware corporation (the "Company"), acting by written consent, hereby adopt the following corporation shareholder resolutions and hereby consent to the taking of the actions set forth therein.
WHEREAS, shareholders owning a 51+% majority of the 159,000,000 outstanding shares of the Company as evidenced by the signatures to these shareholder minutes have determined it is in the best interest of the Company for a new set of directors be appointed to take control of the Company in lieu of the present board and managements violating certain provisions of the Merger Agreement including, but not exclusive of, Sections 2, 4 and 6, which have caused the Company to be subjected to investigations by the Securities and Exchange Commission for filing erroneous financial statements, publishing questionable press releases, the NASD's halting of trading in the Company's shares, and not filing proper documents and amendments with the Delaware Secretary of State.
WHEREAS, Michael A. Alexander has offered to return to the Company as its Chairman of Board and Chief Executive Officer to oversee the restructuring and operations of the Company.
WHEREAS, Randy Moseley has offered to return to the Company as its Chief Financial Officer to assist Mr. Alexander's in the restructuring and manage the financial aspects of the Company.
RESOLVED, that Michael A. Alexander be appointed as the Company's sole director in replacement of Rufus Harris and Darryl Horton, the current directors of record with the Delaware Secretary of State and any other directors that might have been appointed and not reported to the Delaware Secretary of State.
RESOLVED FURTHER, that Michael A. Alexander be appointed as the Company's Chief Executive Officer and President the Company.
RESOLVED FURTHER, that Randy Moseley become the Company's Chief Financial Officer upon the resignation or termination of Darryl Horton.
RESOLVED FURTHER, Michael Alexander and other management personnel appointed by Mr. Alexander as sole director be authorize to establish corporate bank relations and accounts for the Company.
RESOLVED FURTHER, that Michael Alexander be authorized to establish the corporate offices for the Company in a location that he deems appropriate and accumulate and secure all the Company's financial records at the selected location.
RESOLVED FURTHER, that the Company file an amended Annual 10-KSB and the September 30, 2006 Quarterly 10-QSB with the Securities and Exchange Commission as soon as possible.
RESOLVED FURTHER, that the Company terminate all existing employment agreements and authorizes the new board of directors to negotiate employment agreements with new management as deemed necessary.
RESOLVED FURTHER, that Michael Alexander, as sole director, be authorized to cancel shares of common stock issued to the replaced board of directors and management as he deems equitable.
The execution of this Consent, which may be accomplished in counterparts, shall constitute a written waiver of any notice required by the Nevada Business Corporation Act or this corporation's Articles of Incorporation and Bylaws.
Dated: November 2, 2006.
"Based on current events, the major shareholders have approached me and asked me to return to the company as the Chairman of the Board and Chief Executive Officer. I have chosen to resume this role as my shareholders best interest, have always been foremost in my mind. I personally feel this is the right move at this time. I ask every shareholder only read and except information which will come from me in this time of transition. We do not intend to change the business model or management at this time. I will be diligent in updating the shareholders during this process. I spoke directly with Rufus Paul Harris prior to the majority shareholder meeting and have his 100% support. I regret his hasty departure from the company, as I feel every person is innocent until proven guilty. I look forward to working with the SEC, Ben Stanley, and Sabra Dabbs in moving this company in the right direction and resolving current issues. Any questions please feel free to contact the company at (940) 321-1074," says Michael Alexander Chairman/CEO Conversion Solutions Holdings Corp.
-------------------------------------------------------------------------------- Contact: Michael Alexander (940) 321-1074
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thedoctor ~ I don't know why everyone passed over my Perspective post this morning. But I in anycase I think you are hitting the nail on the head.
posted
Jeez!!!! I thought we came full circle with the Amazon deal...now this. What will Mike do about Ecowood now?
Is there anyway we can find out who the 51% of the shareholders are? I know Mike has a ton, but not 51%. Did Tut vote? I hope our shareholder committee didn't have anything to do with this!
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Thanks Tax....I already like the fact that Mike stated "He looks forward to working with the SEC in moving the Company in the right direction".
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Doni, I thought the same, but after re-reading, it just basically says that they are under investigation for those things...I think.
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quote:Originally posted by milliam: Doni, I thought the same, but after re-reading, it just basically says that they are under investigation for those things...I think.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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"RESOLVED FURTHER, that the Company file an amended Annual 10-KSB and the September 30, 2006 Quarterly 10-QSB with the Securities and Exchange Commission as soon as possible. "
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Just tried to call the number mentioned (940) 321-1074 and heard "Thank you for calling JMS Construction, please leave a message and we will return your call... Huh
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1) Ecowood - who manages that in Mike's place and/or do they MERGE?
2) Amended filings - they didn't say they were guilty of everything, but I didn't like
"for a new set of directors be appointed to take control of the Company in lieu of the present board and managements violating certain provisions of the Merger Agreement including, but not exclusive of, Sections 2, 4 and 6, which have caused the Company to be subjected to investigations by the Securities and Exchange Commission for filing erroneous financial statements, publishing questionable press releases, the NASD's halting of trading in the Company's shares, and not filing proper documents and amendments with the Delaware Secretary of State."
It doesn't say we are guilty, it says it caused the investigation - but it DOES admit we violated certain provisions in the merger agreement, namely sections 2, 4, and 6 - haven't dug into that just yet (attempting to work too)
3) This makes me the most nervous:
"RESOLVED FURTHER, that the Company file an amended Annual 10-KSB and the September 30, 2006 Quarterly 10-QSB with the Securities and Exchange Commission as soon as possible."
-------------------- Study before you buy, Sell before you think about it....
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