posted
Jenna, I'm not great with legal jargon myself, but here's my take on the above (anyone, please feel free to correct me if I'm off-base):
The first link details the requirements that need to be met before a request for default can be entered-means they had to prove all the points mentioned (i.e. they served Rufus, Rufus failed to show up to court, failed to defend himself, etc.)
The second link is just a legal definition of what it means to default.
The third is a motion Rufus can file to counter the SEC's motion, should the judge initially find for the SEC. Means he better give the judge a darn good dog-and-pony show from here on out and a whopper of a story why he failed to comply with the court process thus far.
The last link means we can approach the SEC directly, legally, with our concerns about their actions. An official statement probably carries way more weight with them than a complaint in their Customer Service mailbox...
Posts: 31 | Registered: Mar 2006
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Rufus said a priority was to draw down on one of the bonds in three to five days. Would that make today the 3rd day meaning this could be done today and if so when and how will we find out if this has been done?
Posts: 42 | From: Louisiana | Registered: Oct 2006
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Where are you getting any idea that this is what is happenning to CSHD now? Did I miss some news?
Stating the laws is fine but some of us just can't ready every post and when we (I) run across something like your post my initial reation is WTF happenned.
Has something (a fact) been posted about a legal proceeding directly relating to the information you are posting or are you just posting it as a reference list of possible what ifs?
I don't mean to offend you but I'm just wondering?
Posts: 2498 | Registered: Mar 2006
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Archive from last night is on about the rule 55. The conversation sounds good in Rufus's favor. On subpenny. JJ versus beaches
Posts: 957 | Registered: Jun 2006
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To be perfectly honest Lauralai posted all I could have said just now. I can tell you that (b) in the third paragraph is what I THINK we're waiting for. I mean, the truth is we DO NOT know what kind of contact has been made between the SEC, Rufus, CSHD, and the Judge. WE DO NOT KNOW THAT. The SEC can file all the petitions and filings their teeny, tiny little hearts desire. In the same breath, CSHD can as well.
No matter what they file and introduce, we just have to wait and see what the JUDGE/COURT says. Everything else is just adding to OUR confusion, and no one here can assume just because we don't have a grasp on exactly what is going on, all parties actually involved in the suit don't.
quote:Originally posted by Jenna: Crab - Can you explain that document that Lauralai posted? Thanx....
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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Are we all still going to Las Vegas? I will need as much lead time as possible as I’ll be riding my bicycle from Dallas, TX – can’t afford the flight now. Oh, and does anyone know if it’s legal to sleep outside on the street? That’s right; I can’t afford the hotel room either. It should be loads of fun, but a little awkward celebrating the SEC’s victory.
Posts: 386 | From: Plano, TX | Registered: Oct 2006
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quote:Originally posted by TexasMoney: Are we all still going to Las Vegas? I will need as much lead time as possible as I’ll be riding my bicycle from Dallas, TX – can’t afford the flight now. Oh, and does anyone know if it’s legal to sleep outside on the street? That’s right; I can’t afford the hotel room either. It should be loads of fun, but a little awkward celebrating the SEC’s victory.
You can live off the land in Vegas I hear-
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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This is getting sooo old already. How long is CSHD going to play the idiot defense, were so imcompetent your honor that we didnt hire a lawyer or get an extention, etc, etc. It just makes me think sometimes, how in the hell can someone have access to billions in bonds but cant file any document in a timely matter or lay any of the infrastructure (staff) to make this a successfull company.
Sometimes I just feel like I'm being dooped and all these little things that the company "forgets" to file is all a diversion to keep our minds off the 6:1 or OTCB or Nasdaq. Well there doing of fine job of it because I havent heard any mention of Nasdaq in quite a while.
Posts: 47 | Registered: Oct 2006
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quote:Originally posted by Stockstar69: Lauralai...
Where are you getting any idea that this is what is happenning to CSHD now? Did I miss some news?
Stating the laws is fine but some of us just can't ready every post and when we (I) run across something like your post my initial reation is WTF happenned.
Has something (a fact) been posted about a legal proceeding directly relating to the information you are posting or are you just posting it as a reference list of possible what ifs?
I don't mean to offend you but I'm just wondering?
No worries Stockstar. Didn't mean to get you spun up...
If you go back just a couple pages to page 45, there is a post containing the SEC's application of an entry of default against Rufus/CSHD. My post was simply listing what the requirements were for entering the default application, the definition of default, and what Rufus might be able to do in response to such a motion. The last link was just an FYI in case we (or any other stock) gets suspended, there's something we can do about it to be heard.
Posts: 31 | Registered: Mar 2006
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Talk is they filed the rule 55 with the clerk instead of the judge thus keeping the judge out of the loop. Cute little trick.
Posts: 957 | Registered: Jun 2006
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quote:Originally posted by TexasMoney: Are we all still going to Las Vegas? I will need as much lead time as possible as I’ll be riding my bicycle from Dallas, TX – can’t afford the flight now. Oh, and does anyone know if it’s legal to sleep outside on the street? That’s right; I can’t afford the hotel room either. It should be loads of fun, but a little awkward celebrating the SEC’s victory.
That's better than riding a bike from Upstate New York!!! I'm only an hour and a half away from Niagara Falls!!! THAT'S FAR FROM VEGAS...I'm going to lose 40 pounds riding my bike there....maybe someone that flipped a few times and made a lot of money can get a room in there name & we can all pile in , maybe if we all pitch in - it should only be about $5 dollars a night - then we can cash in cans that we find for money to gamble with!!! Sounds like a plan....
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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It’s all part of the strategy. We purposely wanted to look like incompetent idiots and pulled it off to perfection. I can’t believe the SEC was so gullible to fall for it. We have them trapped in our web of stupidity and there will be no escape.
quote:Originally posted by etouqe123: This is getting sooo old already. How long is CSHD going to play the idiot defense, were so imcompetent your honor that we didnt hire a lawyer or get an extention, etc, etc. It just makes me think sometimes, how in the hell can someone have access to billions in bonds but cant file any document in a timely matter or lay any of the infrastructure (staff) to make this a successfull company.
Sometimes I just feel like I'm being dooped and all these little things that the company "forgets" to file is all a diversion to keep our minds off the 6:1 or OTCB or Nasdaq. Well there doing of fine job of it because I havent heard any mention of Nasdaq in quite a while.
Posts: 386 | From: Plano, TX | Registered: Oct 2006
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SO if everything is all good then why are we still trading with pps X .25c? For those of you still buying, you are CRAZY!!! I'll hold and hope my grand will miracously show back up.
Don't tell me nothing has changed cause the PPS sure the hell has......
Back to class I go.....
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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CRab, in the last thread I went over the procedures when MA and RPH signed the waivers. They had 14 or 15 days to either file a motion for dismissal and explain why or file the company's evidence to defend itself. It apparently has done neither since the default was filed.
The judge almost has no recourse but to rule in favor of the SEC if the company won't stop dicking around and stand up and defend itself.
Posts: 276 | Registered: Nov 2006
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quote:Originally posted by MoneyMoneyMoney: SO if everything is all good then why are we still trading with pps X .25c? For those of you still buying, you are CRAZY!!! I'll hold and hope my grand will miracously show back up.
Don't tell me nothing has changed cause the PPS sure the hell has......
Back to class I go.....
PROTECT YOUR CAPITAL and take a little profit to keep you in the game.
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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quote:Originally posted by 3403: While riding one of his steeds yesterday morning Rufus was thrown. He obtained a head injury which has put him into a temporary coma. His Doctors believe there are no permanant injuries and he will recover in a few weeks. The horse suffered a broken leg unfortunatly and was shot.
His mother is at his bedside room #214 Baptist Hospital Kenasaw, Georgia.
3403 could you please address where you got that information?
Posts: 228 | From: Denver | Registered: Oct 2006
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HAHAHAHAA 3403- you fuqer! You had me for a second but then I was thinking- his mom was kicking arse and taking names on HSM I thought this morning and last night!
TexasMoney! That chit was funny
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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How can you be in a "temporary" coma - those were the words - I've never heard of that - how do they know it's temporary they can only speculate...plus you can't talk to people on the phone in the evening if you are in a coma in the morning.....
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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3403 where did you hear that. If it's not true cool the bull, sell and go build houses or something.
Posts: 957 | Registered: Jun 2006
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3403 -- you aren't wrapped too tight lol. in fact lmao. Hey everybody it's a take off from an earlier posting comparing our story with soap operas. Stayed for the next episode where rufus finds out his wife may be his sister.
Posts: 276 | Registered: Nov 2006
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quote:Originally posted by wv1973: 3403 -- you aren't wrapped too tight lol. in fact lmao. Hey everybody it's a take off from an earlier posting comparing our story with soap operas. Stayed for the next episode where rufus finds out
his wife may be his sister.
Well, he is in Georgia? Posts: 2498 | Registered: Mar 2006
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3403- I believe in Karma - I'd hold tight today...becareful- One time one of my friends didn't go to work because she said her kids were sick (she was fibbing)& then that day they started throwing up all over the place.....Be careful.... God Bless!
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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Ya i'm not a doctor, but I agree with Jenna that they don't predict with any accuracy how long someone will be in a coma. You guys should be listening to subpenny theres a fed court attorney talking on there now.
Posts: 957 | Registered: Jun 2006
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