posted
IMO, the SEC would be better off investigating the "source" of their information on CSHD...I am sure ol T. Miles has given them a handful of BS material to go along with his constant complaining. This investigation IMO was brought to the attention of the SEC by the real crooks
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posted
I'm a bit behind here, so I appologize for bringing up old stuff...
As for the lawyer. Mike hired a lawyer to deal with the SEC. From what I understand, the lawyer didn't quite understand and thought he was hired only for the audit. I do believe they got this cleared up when the judge conference called with Mike, his lawyer, and the SEC attorneys.
On SPR, Rufus said he didn't think they had a lawyer at this time. Maybe the lawyer was only Mike's, who knows. Anyway, Rufus's comment was that getting an attorney was the first step. He was also looking for a "tiger" for an attorney. At the BBQ, I think someone asked him about representing himself and he said something to the fact that he wouldn't try that.
Now, on to the SEC. Alana does seem like a very pleasant person. She was very nice to me when we spoke briefly. There's no doubt in my mind that the SEC attorneys feel they have a case and that CSHD is a fraud. Lets remember though what Bill Hicks, the lead attorney, said...and I quote "we're going to find something"...as in we haven't found anything yet...hello!
I'm like most here in that I wish Rufus would go after this to prove its legit...not sit back and wait for the SEC to prove they are right or wrong. I think (hope) that is what is going to happen now.
Take care all...I'm off to my B-day dinner. My mother-in-law is making me my favorite...homemade chicken parmesan...she's Italian so you know its good .
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posted
That was beautiful...almost brought a tear to my eye...whoops, there it is. Well done Tax.
quote:Originally posted by TaxBack04: wv1973 ~ I think they could pile $7.2 Billion on her desk after hypotication, and she would still be singing the same tune.
Attourney's do not like to admit they are "barking up the wrong tree", especially when it could cost them their job.
I can see her now reading this board... with her eyes closed, fingers in her ears, yelling "NA! NA! NA! NA! NA! NA! NA! NA! NA! NA!"...
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
posted
yeah I fell for it... So that would mean that he(the source) is a Liar? Time to ignore...for all to ignore... move along lil doggie...move along...
quote:Originally posted by CRab: there isn't any news out 10, just ignore it...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
Dude...happy B-Day! Nice post. I agree...let's not wait like we did with the 10-K while saying "It's in the best interest of the shareholders". Like Rufus said..."It's time to go!"
quote:Originally posted by milliam: I'm a bit behind here, so I appologize for bringing up old stuff...
As for the lawyer. Mike hired a lawyer to deal with the SEC. From what I understand, the lawyer didn't quite understand and thought he was hired only for the audit. I do believe they got this cleared up when the judge conference called with Mike, his lawyer, and the SEC attorneys.
On SPR, Rufus said he didn't think they had a lawyer at this time. Maybe the lawyer was only Mike's, who knows. Anyway, Rufus's comment was that getting an attorney was the first step. He was also looking for a "tiger" for an attorney. At the BBQ, I think someone asked him about representing himself and he said something to the fact that he wouldn't try that.
Now, on to the SEC. Alana does seem like a very pleasant person. She was very nice to me when we spoke briefly. There's no doubt in my mind that the SEC attorneys feel they have a case and that CSHD is a fraud. Lets remember though what Bill Hicks, the lead attorney, said...and I quote "we're going to find something"...as in we haven't found anything yet...hello!
I'm like most here in that I wish Rufus would go after this to prove its legit...not sit back and wait for the SEC to prove they are right or wrong. I think (hope) that is what is going to happen now.
Take care all...I'm off to my B-day dinner. My mother-in-law is making me my favorite...homemade chicken parmesan...she's Italian so you know its good .
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
posted
Yep, originally from WV. In fact I bleed blue and gold. Getting ready to grab something to eat, a couple of brews, relax and watch the Backyard Brawl in a few hours.
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quote:Originally posted by wv1973: Yep, originally from WV. In fact I bleed blue and gold. Getting ready to grab something to eat, a couple of brews, relax and watch the Backyard Brawl in a few hours.
When one graduates from West Virgina, they don't give them a diploma they give them a map to Cleveland.
-------------------- If you repeat a lie often enough it is perceived as truth
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posted
Who are you...better yet, why are you? You serve no purpose here and if I know this group like I think I do, you are just giving us further resolve. What you are messing with, sir, is a group of pretty smart cookies who happen to be badgers when pushed into a corner. You will not win with this group...ever.
quote:Originally posted by thesource: Here it is fresh off the wire :
quote:Originally posted by St. Matthew: That was beautiful...almost brought a tear to my eye...whoops, there it is. Well done Tax.
quote:Originally posted by TaxBack04: wv1973 ~ I think they could pile $7.2 Billion on her desk after hypotication, and she would still be singing the same tune.
Attourney's do not like to admit they are "barking up the wrong tree", especially when it could cost them their job.
I can see her now reading this board... with her eyes closed, fingers in her ears, yelling "NA! NA! NA! NA! NA! NA! NA! NA! NA! NA!"...
Actually they would pile 20% of that number since that is the initial hypothecation level mentioned...but that might come with some nice documents indicating the specific valuation of the assets used to secure the loan.
You also do not want to hypothecate more than you need. You do not want to waste the interest expense on that sum until you have a viable candidate for the funds.
If you read some of the JV contracts you will note that CSHD is very good at crafting them. CSHD will be out little if any monies while funding the initial JV's as they are slated to cover most if not all the interest expense as part of the JV's operating overhead.
This is a very SOUND business plan if you DD what they are doing in the contracts. One of the better I have read in a long time. If the JV went out and got a traditional loan they would have that liability anyway. Hence, you see CSHD operating as a typical Financial Institution.
Then again I have always said this play is about getting to the JV stage. That is the trick at this point and it is appearing to be a struggle.
There is nothing magical about what I just said...it is very very old DD.
Oh, and I didn't even go into liability risk mitigation....when they get this off the ground you will see beauty in business.
-------------------- - "Pay it Forward"
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posted
Ah yes, Cleveland. The Mistake on the Lake. Just funnin too. lol. I have an old friend that owns a big pr and ad agency in cleveland. Some mighty fine restaurants in Little Italy as well.
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posted
Well said Port. Rufus talked about this a bit the other night. You can't simply hypothecate the bonds to show proof that they exist.
You have to follow the business plan and do it when it is a win / win for both the J/V and CSHD. Once we start funding the J/V's, CSHD will be a Financial Institution...and a big one at that.
quote:Originally posted by portman: Actually they would pile 20% of that number since that is the initial hypothecation level mentioned...but that might come with some nice documents indicating the specific valuation of the assets used to secure the loan.
You also do not want to hypothecate more than you need. You do not want to waste the interest expense on that sum until you have a viable candidate for the funds.
If you read some of the JV contracts you will note that CSHD is very good at crafting them. CSHD will be out little if any monies while funding the initial JV's as they are slated to cover most if not all the interest expense as part of the JV's operating overhead.
This is a very SOUND business plan if you DD what they are doing in the contracts. One of the better I have read in a long time. If the JV went out and got a traditional loan they would have that liability anyway. Hence, you see CSHD operating as a typical Financial Institution.
Then again I have always said this play is about getting to the JV stage. That is the trick at this point and it is appearing to be a struggle.
There is nothing magical about what I just said...it is very very old DD.
Oh, and I didn't even go into liability risk mitigation....when they get this off the ground you will see beauty in business.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
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