quote:Originally posted by minkybodl: Usually getting a new "Good" CEO is a good thing right?
Does anyone have any background information on CSHD's new CEO Mike Alexander they can post or provide links to.
Cant provide links but he was on the Police force in some small city in Texas, I THINK maybe even Chief or something along those lines. Im working on confirmation from an old contact. Its going to take some time digging up stuff from mid June.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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everyone, when did rufus come out with the statement that the "cobra will strike" or something like that?
-------------------- ------------------------------------ Make the Time! Ett3 ------------------------------------ Posts: 37 | From: California | Registered: Oct 2006
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Portman ~ Fronthaul was a company quickly on it's way to being a shell. In the hole by some odd 400 thousand dollars. CSHD reported itself as a company with $19M in profit, and $7.2B soon to be (maybe) 11.2B in assets. Shouldn't the shareholders be a bit concerned that Mike's possibly forced (take over) of the leadership may bring back any bad habits he employed with FHAL and that next year or the year after we may be looking at the company in the hole again?
Or do I just ignore that FHAL was not a total success for Mike, other than it allowed him to spring board into the drivers seat of CSHD, a company where I assumed Rufus and Ben had the international contacts.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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I think the things that were said in the PR about the investigations were "suggested" by the SEC as part of a settlement, sort of like an amendment to the old PR's....
I also think that if this whole time this was all done for the shareholders they CAN'T renig on the 6:1...they would lose credibility & they would lose a lot of shareholders, after all the 6:1 was voted on by the board so it wasn't just Rufus' doing....UNLESS the SEC doesn't want those shares to be given out BEFORE the shorts can cover...
Perhaps, the SEC wants CSHD to open up & dip quite a bit so it's easier for the shorts to cover - then CSHD will get it's move to NASDAQ & then the 6:1...
I know it sounds crazy but I think there probably trying to find a way to save face for all involved....It may be crazy but then again at times I am crazy!!!
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by TaxBack04: Portman ~ Fronthaul was a company quickly on it's way to being a shell. In the hole by some odd 400 thousand dollars. CSHD reported itself as a company with $19M in profit, and $7.2B soon to be (maybe) 11.2B in assets. Shouldn't the shareholders be a bit concerned that Mike's possibly forced (take over) of the leadership may bring back any bad habits he employed with FHAL and that next year or the year after we may be looking at the company in the hole again?
Or do I just ignore that FHAL was not a total success for Mike, other than it allowed him to spring board into the drivers seat of CSHD, a company where I assumed Rufus and Ben had the international contacts.
Sure but stick to your "possible" forced take over because personally i dont believe thats what happened at all. Also remember that it appears Ben is still in.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by TaxBack04: Portman ~ Fronthaul was a company quickly on it's way to being a shell. In the hole by some odd 400 thousand dollars. CSHD reported itself as a company with $19M in profit, and $7.2B soon to be (maybe) 11.2B in assets. Shouldn't the shareholders be a bit concerned that Mike's possibly forced (take over) of the leadership may bring back any bad habits he employed with FHAL and that next year or the year after we may be looking at the company in the hole again?
Or do I just ignore that FHAL was not a total success for Mike, other than it allowed him to spring board into the drivers seat of CSHD, a company where I assumed Rufus and Ben had the international contacts.
In all honesty, I am not very pleased with the choice of CEO. I would have felt better if this were deemed a temporary situation (although that may have done more to erode confidence). Yes, he knows a lot about the company obviously, which is helpful in getting off to a running start, but...
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Ok, so Mike Alexander, CEO of Fronthaul, spends his companies money to buy back shares instead of paying off debts...thus pretty much bankrupting the company. Rufus Harris swoops in and reverse merges his company, Coversion Solutions with Fronthaul (since it is basically a BK company). Rufus brings is billions of assets, but gets investigated by the SEC. Mike then takes (back) over of the new (old?) company by a shareholder vote and now has Conversion's added assets.
So Mike now has his company back (the one he basically bankrupt) and now has billions in assests. Don't forget this was a tax free merger.
I just don't know what to say. Good luck to us all!
Posts: 1028 | From: Georgia | Registered: Jul 2005
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Rufus going to Texas and saying: ~S: Do you think you will move the company from keneshaw to Dallas? R: I have no doubt about that. It's Gods Country.
Mike Alexander is the new CEO and Majority shareholder.... before all this crap anyways....
Those are just 2 things that make this all seem like some underlying plan. Too coincidental otherwise.
-------------------- ------------------------------------ Make the Time! Ett3 ------------------------------------ Posts: 37 | From: California | Registered: Oct 2006
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...had to regroup before finishing the thought...
Rufus supposedly was very politically connected and that was going to help us fight the shorts and move up, etc. Now, Rufus is gone (and I do agree that was likely a needed move for the company) - does that leave us back in the world of "just another company"? Assets speak volumes, but someone has to be looking for the words to leap off the pages.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Come on people, this was Mikes company to begin with. He worked out the whole reverse merger with Furia, he worked out the deal with the logs in the Amazon...i THINK he just had some money problems. Personally i think thats because he hoped that the stock price would climb nicely and money would not be an issue when the time came. If any of you were around at that time it went from .08 to .10 then back down. Then from .08 to .13 and back down. It was being shorted IMO and was killing his company. Rufus became aware of the situation and chose FHAL as the "right company at the right time" to pull off his war on shorters.
This is how i understand it and honestly i think its reasonable. Dont start knocking Mike Alexander yet, hes half the reason i bought into this to begin with. Give it a day or two and i think things will become more clear
Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by SherriT: ...had to regroup before finishing the thought...
Rufus supposedly was very politically connected and that was going to help us fight the shorts and move up, etc. Now, Rufus is gone (and I do agree that was likely a needed move for the company) - does that leave us back in the world of "just another company"? Assets speak volumes, but someone has to be looking for the words to leap off the pages.
I believe the the words you seek are yet to be spoken or written...Time Will Tell...
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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quote:Originally posted by Jenna: Is there anyone out there that thinks possibly that Rufus may be running things "behind the scenes"?
Naw, i think Rufus wanted his time in Federal court and now has it. He did his job for CSHD and CSHD did its job for him. IMHO
Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by Mr. CATIAEngineer: Come on people, this was Mikes company to begin with. He worked out the whole reverse merger with Furia, he worked out the deal with the logs in the Amazon...i THINK he just had some money problems. Personally i think thats because he hoped that the stock price would climb nicely and money would not be an issue when the time came. If any of you were around at that time it went from .08 to .10 then back down. Then from .08 to .13 and back down. It was being shorted IMO and was killing his company. Rufus became aware of the situation and chose FHAL as the "right company at the right time" to pull off his war on shorters.
This is how i understand it and honestly i think its reasonable. Dont start knocking Mike Alexander yet, hes half the reason i bought into this to begin with. Give it a day or two and i think things will become more clear
I really do not mean to knock Mike. I am just concerned that a person who has been in this for a while is back at the helm. Nothing more. Even if this were trading this second, I wouldn't sell one single share.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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My theory is that Rufus is now on his own to bring out the NSS problem. With this move he won't be bringing CSHD down with his efforts.
Maybe, just maybe (pure speculation...like fiction novel stuff here!)...Rufus was brought in to be involved so that he would have the information, history, and such to now become the NSS fighter. Maybe he was only playing a part in this so that he could go on after the NSS problems with a Congressional hearing or bigger.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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quote:Originally posted by SherriT: ...had to regroup before finishing the thought...
Rufus supposedly was very politically connected and that was going to help us fight the shorts and move up, etc. Now, Rufus is gone (and I do agree that was likely a needed move for the company) - does that leave us back in the world of "just another company"? Assets speak volumes, but someone has to be looking for the words to leap off the pages.
I believe the the words you seek are yet to be spoken or written...Time Will Tell...
You are starting to talk like Tut I'm here waiting like everyone else LOL
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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personally, i don't think this is good. if mike doesn't rehire the officers - their employment contracts were cancelled by today's resolution - and moved the offices to lake dallas, who is going to be there to defend the company on tuesday - just a few angry shareholders? are they fleeing before the sec strikes on tuesday? if they were innocent they would stand tall and face the sec eyeball to eyeball. jmo.
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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quote:Originally posted by milliam: My theory is that Rufus is now on his own to bring out the NSS problem. With this move he won't be bringing CSHD down with his efforts.
Maybe, just maybe (pure speculation...like fiction novel stuff here!)...Rufus was brought in to be involved so that he would have the information, history, and such to now become the NSS fighter. Maybe he was only playing a part in this so that he could go on after the NSS problems with a Congressional hearing or bigger.
Thats my take on things
Posts: 2308 | From: Michigan | Registered: Jun 2006
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This board chose to downplay Harris, Stanley and Walsh and being charged with fraud among other things in nevada and welcomed them to this company. If, in a matter of a few short months Harris put all the ducks in a row to make this stock soar and everything was legit, then Alexander just puts that into play and the stock is golden for now. Alexander might tank the company down the road because he's inept, but for now this is the only thing to hope for.
It sort of boils down to Harris committing fraud again or not.
Posts: 77 | Registered: Oct 2006
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quote:Originally posted by Spooky: OK, you guys ready for a stretch?
quote:Originally posted by voyager1951: JMS Construction is a company owned by Alexander. I just spoke with a nice lady there that said -- Mr. Alexander will be available to answer questions on Monday. Have a great weekend. As Carly Simon sang -- Anticipation
quote:Originally posted by Doniboy: National Concrete Chipping (940) 321-1074 521 E Hundley Dr, Lake Dallas, TX 75065
quote:In 1958 Harris graduated from the University of Georgia and returned home to work in his family's concrete business.
HMMMMM
Joe Frank Harris was born in Georgia and retired to his hometown after a long political career. I have looked long and hard for a connection between Joe Frank and this play and have found none other than ideology.
... In My humble Opinion
Posts: 150 | From: None | Registered: Jul 2006
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quote:Originally posted by Spooky: OK, you guys ready for a stretch?
quote:Originally posted by voyager1951: JMS Construction is a company owned by Alexander. I just spoke with a nice lady there that said -- Mr. Alexander will be available to answer questions on Monday. Have a great weekend. As Carly Simon sang -- Anticipation
quote:Originally posted by Doniboy: National Concrete Chipping (940) 321-1074 521 E Hundley Dr, Lake Dallas, TX 75065
quote:In 1958 Harris graduated from the University of Georgia and returned home to work in his family's concrete business.
HMMMMM
Joe Frank Harris was born in Georgia and retired to his hometown after a long political career. I have looked long and hard for a connection between Joe Frank and this play and have found none other than ideology.
... In My humble Opinion
I haven't found a connection either, other than the last name, and the state of Georgia. It does seem like there should or could be some distant relationship however.... How many people have that many coincidences and win a Republican award in the same state that the guy was Governor of? If there was no relation, why wouldn't Rufus simply state there was no relation when questioned on SPR?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by voyager1951: This board chose to downplay Harris, Stanley and Walsh and being charged with fraud among other things in nevada and welcomed them to this company. If, in a matter of a few short months Harris put all the ducks in a row to make this stock soar and everything was legit, then Alexander just puts that into play and the stock is golden for now. Alexander might tank the company down the road because he's inept, but for now this is the only thing to hope for.
It sort of boils down to Harris committing fraud again or not.
I agree with you for once voyager... now I do not know how other are going to react to Mike Alexander, it seems to me the share price of the company was very poor the last time he was in charge.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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Quite some time ago...BB, Glass, Wally and several others may remember how the DD that was done indicated that this whole thing...connections and all were set up quite some time ago...the loan that FHAL had taken that was now wiped clean with the merger...many, many things have indicated that there was a "grand scheme" and putting Mike back in the role of CEO may very well have been part of it all along...(Rufus also gave some indication of this)...the timing may have changed but just seems that alot of what has played out was all in the "grand scheme"...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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There have been so much speculation, grand schemes, plans, plots bantered about that it stands to reason one would hit. even a blind squirrel finds an acorn once in a while
Posts: 77 | Registered: Oct 2006
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SherriT...and others the deal with the governor and the "relation"...1 is republican, 1 is democrat...Perhaps uncle or cousins or something but not closely related...IMO... Crab and I had played with that thought a week or so ago...and Rufus didn't claim it but he also didn't deny it...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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in 5 days the suspension should be lifted, trading will likely not resume for some time if at all. this may just go the way of SSTY, thier suspension was lifted months ago still not trading but they appear to have moved the bulk of their assets to another company that is trading TPDI?/TPID? - true product ID, that jumped over a thousand percent on the asset transfer but that was a while ago I have not looked at it recently. there is alot of positive spin being put on everything that is happening here some of it makes sense some not so mutch! the waiting continues the outcome can not yet be known, all we can do is hope for the best and prepare for the worst. just my opinion! (and you know what they are like!) GLTA!! hope we come out smelling like a rose!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by TaxBack04: It's official! I am not happy. If status changes (Which I hope it does quickly.) I will let you know.
oops... I meant
Tax...we likely have about 10% of the picture right now...hopefully you will get the information you need.
I know Port. I am trying to remember that... I bought in after Rufus stepped in so I do not know much about Mike. What I do know is Rufus stated that FHAL as it shareholders knew it was gone following the merger. Log deal gone, trucking thing gone... they were no longer priority of the new company. I am trying to rationalize with out all the info. Information I need. What is wrong with the "price reset", and am I going to get my free shares? Are the bond contracts good with this move? Do we have to start over with the merger? and how bad is it going to be if we do? I want market correction to the $70 book value, not retraction to $0.08 because Mike's in charge. It is still all about the bonds.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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Tax, I dont believe they ever said the log deal was "done". They said it wasnt what they originally expected. When i spoke with Rufus, just after the merger announcement, he said that the log deal was ONE of the reasons he chose FHAL for this venture.
Remember as well an interview where Ben started to say something about a deal that Mike had landed and Rufus hushed him. New CEO, same company. I dont feel we are targetted for .08 just because Mike is back, unless EVERYTHING that Rufus has been pushing is totally false. If thats the case then where does that put Sabra because if i remember correctly she brought Rufus and Mike together.
Im done speculating right now. Im working on digging up some old contacts from the FHAL days.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by a surfer: Mike alexander will be CEO for one month or less..
Mark my words.
This is a temporary solution IMO
I agree. I foresee much sooner than a month, though. Mike's roll is only to get the paperwork in order and the power seats in the company filled with people already online.
... In My humble Opinion
Posts: 150 | From: None | Registered: Jul 2006
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