quote:Originally posted by stocktrader2006: I thought they said the dang 10Q was ready weeks ago? Good grief!!!!!!!!!
And they said the same thing about the 10K and it was filed late and resulted in an E being added to the stock . Expect the worst with this company and if they come through great , if not atleast you are not disappointed .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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Rufus said we need to get rid of the penny stock mentality. I wonder if the rest of the company is up to speed on that yet.
Does someone know if most penny stocks that file, file there 10 Q at the last minute. To me it all always seems like last minute stuff.?
Posts: 957 | Registered: Jun 2006
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quote:Originally posted by fhalyesss: Good post from HSM:
Most webs sites only have the original issue amount: 500 million. The principal amount was increased to 753 million three years ago.
Here's the story of these bonds according to an SEC filing for the government of Venezuela and I quote: U.S.$500 million in aggregate principal amount of these notes was issued initially for cash in August 1998. In connection with the BANDES Exchange, 2003 the Republic issued an additional U.S.$252.8 million in aggregate principal amount of these notes, which form a single series with the U.S.$500 of these notes issued in 1998."
To verify this for yourself: 1. go to www.secinfo.com 2. Enter in the search box the Accession Number: 950133-4-398 3. To quickly find page 116, search in your browser for 252.8
You will see this footnote refers to the 13 5/8 bonds of Aug 2018 the bonds in question
Yes fhalyess ~ that doc on SEC info is a good reference as to the validity of the bond. I also like this one. A pulbic Offering Circular for another bond, which mentions our bond on both page 143 and 150. I have been using this on as my main source for about a week now.
posted
Everytime a document filing is due out comes:
thesource: Bottom line is who knows why companies do what they do. The 10q could of been changed after the recent events with the SEC. Perhaps they cashed in on some bonds and wanted to reflect that somehow in the 10q? Who knows- not us.
The 10q that was "ready" before the SEC came into play was probably overhauled.
You and I both do not run these companies so for us to answer as to what the best path is would be like me sitting on the operating room table telling the doc where I think he should cut.
Last but not least- lets WAIT till its late before we start calling people liars and falling apart.
Some people say lets not trade with emotions but at the drop of a dime we act like CSHD told us our kids and dogs are ugly.
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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They wanted to be a public reporting company, now they'll have to comform to it one way or the other. Posts: 957 | Registered: Jun 2006
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Oouch! I just tripped over something big. I just found the name and address of the embassador who can verify the bonds. Plots gets thicker, and the SEC IMO seemingly frivalous lawsuit gets deeper.
I know you guys won't believe me so I will post the link since it is a public source... but I will stress that you do not want to hammer this guy. I would think he is getting enough noteriaty. I am just satisfied that I found his name. Someone just send his name to Alana and say hey depo this guy. HA HA!!
Venezuela has filed a registration statement relating to the Debt Securities with the U.S. Securities and Exchange Commission, or SEC. This prospectus is part of that registration statement. Additional information concerning the Bolivarian Republic of Venezuela and the Debt Securities can be found in the registration statement, as well as any post-effective amendment thereto, including their respective exhibits. You may read and copy the registration statement and any post-effective amendment at the SEC’s Public Reference Room at 450 Fifth Street, N.W., Room 1024, Washington, D.C. 20549. You may also request copies of these documents, upon payment of a duplicating fee, by writing to the Public Reference Section of the SEC. Please call the SEC at 1-800-SEC-0330 for further information on the operation of the SEC’s Public Reference Rooms. The aforementioned registration statement is, and the Republic’s future filings with the SEC will be, available through the SEC’s Internet site at http://www.sec.gov.Posts: 276 | Registered: Nov 2006
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posted
haha...and looky, looky...they can issue up to $4.8billion according to the prospectus...imagine that...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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You would think... but then again I expected them to know what the "E" meant on the end of the security. According to Rufus on SPR they did not have a clue the day CSHD recieved the "E".
They are the SEC... IMO this is very sad.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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I don't feel much security having the SEC watching out for me. There protection has costed me $80k share value just in 2 weeks. Way too expensive and unreliable. Posts: 957 | Registered: Jun 2006
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I agree the SEC has done a terrible job with this case so far . IMO , this thing should have been suspended until a ruling was in place . The share holders are not being protected at all in this current situation .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by thesource: I agree the SEC has done a terrible job with this case so far as well . IMO , this thing should have been suspended until a ruling was in place . The share holders are not being protected at all in this current situation .
That would have been nice, except there is no rule they could use to keep it suspended, especially at the request of CSHD. What REALLY should have happened is the SEC got their facts straight before ever suspending and filing suit...
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Let's alert Mr T to the folly of the SEC. Go on the air and bust into their office and have him start lecturing them on doing a better job, before they cause harm to innocent shareholders. He can throw all the stuff off their desk onto the floor while he's talking.
Posts: 957 | Registered: Jun 2006
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quote:Originally posted by thesource: I agree the SEC has done a terrible job with this case so far as well . IMO , this thing should have been suspended until a ruling was in place . The share holders are not being protected at all in this current situation .
That would have been nice, except there is no rule they could use to keep it suspended, especially at the request of CSHD. What REALLY should have happened is the SEC got their facts straight before ever suspending and filing suit...
I agree and also think that some new laws should be enacted for situations like this that would allow a longer suspension to take place or some alternative action to prevent a large up swing or down swing during an investigation .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by thesource: I agree the SEC has done a terrible job with this case so far as well . IMO , this thing should have been suspended until a ruling was in place . The share holders are not being protected at all in this current situation .
That would have been nice, except there is no rule they could use to keep it suspended, especially at the request of CSHD. What REALLY should have happened is the SEC got their facts straight before ever suspending and filing suit...
I agree and also think that some new laws should be enacted for situations like this that would allow a longer suspension to take place or some alternative action to prevent a large up swing or down swing during an investigation .
Hopefully all of these letters we have been sending to elected officials will help with that...
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Good morning board! Nice threads! I was in Tucson all weekend, sick Monday and feelin' great today ... giving some strong consideration to picking up some more shares tomorrow if all looks good.
IMO, the play is far worth more than .37 pps as it shows now. As tax has said (IHO), a buy now and a subsequent return to 2.00 pps will give about 5+ times the money. The risk, as I see it, is minimal, but still present ... that's what makes these plays a blast ... go with a little risk on strong fundamentals ... hug those bonds! The biggest risk now is probably the 10k and 10Q ... I hardly think they will screw that up! JMO
To those who get so uptight about TUT, don't take things so personally! It's only opinion from someone who is apparently somewhat behind the scenes, seems well versed in stock trading "theory", seems to know some of the key players, and is part of a group who has apparentlty heavily dd'd CSHD ... why would we want to hear from him? (insert sarcasm)
IMO, I would much rather hear from TUT than some of these bashers who know little about CSHD dd and who aren't in any way in the "know". One thing we have to remember about TUT is that his primary message target is HSM ... enough said.
I would think it is foolish to turn away any info from our eyes ... even with the bashers, we can see what usually baseless words they bring and usually with alot of whine but, we get to see what they bring.
Repo is probably our resident basher of choice however, he is far from having done exhaustive dd on this stock (even by his own admission) and is, in my eyes, someone to look to for humor ... as to my experience with him on other stocks was FGFC, where he was basically orchestrating a float control which didn't work out significantly as FGFC sits at 0.005 today. Good try ... I made out well by exiting in the 20 some cent range ... hope Repo made out well too.
I and many others I have come to know would not wish poor results on anyone! To me, someone posting without knowledge of the dd, equates to humor. My 2 cents for now ... GLTA.
-------------------- ... make you're decisions only on you're own DD ... Posts: 348 | From: Arizona | Registered: Jul 2006
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Ya cool, it would be good for the filings to be on time, seems like the least they can do. There should'nt be any reason for understaffing or whatever to get the job done IMO and it would support Rufus lecture on not having a penny stock mentality that he refers to.
Posts: 957 | Registered: Jun 2006
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Off the subject of CSHD, I have a question. A few weeks ago, someone of the board posted the ticker for another stock. The poster was somewhat a basher and was told to get lost and promote his/her pump & dump someplace else. I have also seen other posters mention other stocks and nobody goes after that poster, so I am assuming it was because the other was a basher of sorts.
To my point, I did some research of the firm that poster mentioned and it looks pretty good, but I didn't want to violate and board rules on rementioning it. Any direction?
Posts: 276 | Registered: Nov 2006
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