quote:Originally posted by driver4t4: source the bonds are real, there is no doubt it in my mind about that, but the company needs to be run like a company, we can still be salvaged.
You are right , the bonds are real but so far CSHD has not been able to convince the SEC or the Judge in this case that they do infact own them . As of right now , those are the two most important issues needing to be addressed . All of these secret meetings , speaking in riddles , cobras eating shorty and people drinking kool aid will not get this company out of the tail spin it has put itself into . I'm sorry but real companies are not run like this .
To me , the two biggest signs at this point that we are screwed is (1)Sabra and Co. were either shown the door or jumped off the ship when given the chance and (2)Failure to address the court and filings against CSHD with an attorney (even a crappy one at this point would do).
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by driver4t4: source the bonds are real, there is no doubt it in my mind about that, but the company needs to be run like a company, we can still be salvaged.
That means get an established financial person and put him/her in the CEO position.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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quote:Originally posted by driver4t4: heres the change... Mike Alexander says that, “I have spent the last couple weeks reviewing the records of Conversion Solutions Holdings Corp (CSHD) and have come to the conclusion that for the Company’s assets to be monetized, the Conversion Solutions management group located in Georgia has the background and relationships in the bond market, with particular bond assets claimed as assets by the Company, to implement the Company’s business plan. I, and all of the shareholders, with the group in Georgia the best of luck in the development of the Company and the shareholders’ value. Mr. Harris has agreed to assume his previous management and board position and will be making announcements in the near future. He can be reached at (678) 758-3010.’
part 1) On November 14, 2006, Mr. Michael Alexander as Sole Director of the Company determined after spending the last couple of weeks reviewing the financial records of the Company accumulated by the previous management group that it is in the best interest of the Company’s shareholders that the future of the Company will best be served by the previous management group located in Georgia as they have the financial background and relationships with issuers of the bond assets they brought to the Company. Mr. Alexander is under the opinion that they have the best opportunity to monetize the assets and if so monetized, implement the Company’s business plan. In conjunction with this decision, Mr. Alexander has reappointed Mr. Rufus Harris as the Sole Director and Chief Executive Officer of the Company.
bump
Posts: 572 | From: usa | Registered: Aug 2006
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quote:Originally posted by driver4t4: source the bonds are real, there is no doubt it in my mind about that, but the company needs to be run like a company, we can still be salvaged.
That means get an established financial person and put him/her in the CEO position.
bingo
Posts: 572 | From: usa | Registered: Aug 2006
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quote:Originally posted by driver4t4: source the bonds are real, there is no doubt it in my mind about that, but the company needs to be run like a company, we can still be salvaged.
That means get an established financial person and put him/her in the CEO position.
Yeah but so far no one has offered . I would think that a billion dollar Co. with huge connections would have people lining up for the chance to be a part of this . Thats not been the case so far , has it ?
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by driver4t4: source the bonds are real, there is no doubt it in my mind about that, but the company needs to be run like a company, we can still be salvaged.
That means get an established financial person and put him/her in the CEO position.
Yeah but so far no one has offered . I would think that a billion dollar Co. with huge connections would have people lining up for the chance to be a part of this . Thats not been the case so far , has it ?
we are not sure of that, rufus say's there are company's lined up to merge with, that is what IMO i feel we need to do, merge into a company that is not being audited by the sec, a good clean company, rufus would save his shares and ours by doing that, he wants to retire anyway, lets not fight the sec or worry about shorty anymore and build this company's value.
Posts: 572 | From: usa | Registered: Aug 2006
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quote:Originally posted by driver4t4: source the bonds are real, there is no doubt it in my mind about that, but the company needs to be run like a company, we can still be salvaged.
You are right , the bonds are real but so far CSHD has not been able to convince the SEC or the Judge in this case that they do infact own them . As of right now , those are the two most important issues needing to be addressed . All of these secret meetings , speaking in riddles , cobras eating shorty and people drinking kool aid will not get this company out of the tail spin it has put itself into . I'm sorry but real companies are not run like this .
To me , the two biggest signs at this point that we are screwed is (1)Sabra and Co. were either shown the door or jumped off the ship when given the chance and (2)Failure to address the court and filings against CSHD with an attorney (even a crappy one at this point would do).
On last thing before I go to bed - don't be so sure the judge doesn't know the owners and validity of the bonds....HE JUST MAY....the only thing we need to worry about is Rufus getting the company an attorney to fight the default & getting an MM to get us out of the sewer...I'm PRETTY SURE the judge can read & is not an idiot...also don't forget about the sealed evidence...
CSHD needs:
- a lawyer &
-an MM
& also
- to be lead by a CEO that can get 'er done
SEE we all agree - we just say things differently...
Night All - Night Source - Kiss those beautiful baby boys....
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by driver4t4: source the bonds are real, there is no doubt it in my mind about that, but the company needs to be run like a company, we can still be salvaged.
That means get an established financial person and put him/her in the CEO position.
Yeah but so far no one has offered . I would think that a billion dollar Co. with huge connections would have people lining up for the chance to be a part of this . Thats not been the case so far , has it ?
it's because people who have money invested are going on blindly. I lost about $8k on this (havent sold, but don't expect this company to recover), and the fact of the matter is this just isnt the company people thought it was.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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quote:Originally posted by frank021474: wow 3403- I must have missed who called you out for what.
just saying if you own something as we all do proving it is easy. Why can't Rufus...
Fortunately for the penny world I think RPH has some serious things he is trying to prove (Manipuation and NSS). The downside of that for us is that we are inadvertently along for the ride.
I am not saying this is all 100% according to his master plan but I think with the NSS battle on the mind they are using a different strategy than anyone else just trying to clear the name and move on.
This week should be interesting- with the Court and 10Q!
Someone mentioned merger- Netbank works for me. Its in Georgia (contacts already??) and its already a big board stock.
of course that is pure speculation on my part- so take it as my 2 cents into the evening banter.
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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quote:Originally posted by 3403: Not really the issue anymore.....been there....
that is the ONLY issue.........
They Have NOTHING...They are looking for something...anything.....It's best for Rufus to stay quiet ...get lawyers...& let them stop this crap.....THEY HAVE NOTHING!!!!!!!!!
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by frank021474: wow 3403- I must have missed who called you out for what.
just saying if you own something as we all do proving it is easy. Why can't Rufus...
Not really the issue anymore.....been there....
gosh, I must have missed a *HUGE* step...
why isn't the ownership an issue?
A guy on HSM posted some of the documents from the georgia court website the other night thats been there all along, and then had to delete it, but if you check out those documents you will see it real. One letter for the $500 million dollar bond from Venezuela was sent by the central bank stating that they are giving Rufus a $500 million bond and explicity said that CSHD has "full ownership". I believe the bonds to be real, I blame Rufus for calling people out and bringing this to the ground
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
If thats the case with other companies lined up to merge , why would Dufus drag this out and risk having the Co. dissolved by the courts and possible criminal/civil charges against himself ? I cannot imagine that a single clean company would want any part of this circus right now . I've yet to see Dufus even associated with any clean companies up to this point . His partner in crime Ben S. along with the other guy from BBAN have been surrounded by nothing but fraud and bull$hit Incs setup to appear like they are something big (I.E. Enhancement Holdings , Waatle , Stanley Trust) . The names sound good but what don't really mean a damn thing if you actually look at what they have done . Even Mike A ran FHAL into the ground and was accused of toxic funding !!! It was no mistake or random chance that FHAL and Dufus crossed paths . Birds of a feather flock together .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
I think the company can still come out of this, but it will take all the things jenna posted, and rufus needs to stop with these private meetings, it's illegal, insider info, if we get a wrong report on the minutes, and they sell their shares monday morning, we are left selling at sub penny..LOL
Posts: 572 | From: usa | Registered: Aug 2006
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posted
My stocks present value in my mind is based on its prorata share of the bonds owned. It's future value is based on what the monies created by those bonds do for the future value of the JV's. I don't care WHO is CEO as long as they are able to follow the so called game plan we were sold. Don't care about Rufus one bit. He's got his shares for his reward, he doesn't need our admiration, or concern.
-------------------- If you repeat a lie often enough it is perceived as truth Posts: 478 | From: Florida | Registered: Oct 2006
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quote:Originally posted by frank021474: wow 3403- I must have missed who called you out for what.
just saying if you own something as we all do proving it is easy. Why can't Rufus...
Not really the issue anymore.....been there....
gosh, I must have missed a *HUGE* step...
why isn't the ownership an issue?
A guy on HSM posted some of the documents from the georgia court website the other night thats been there all along, and then had to delete it, but if you check out those documents you will see it real. One letter for the $500 million dollar bond from Venezuela was sent by the central bank stating that they are giving Rufus a $500 million bond and explicity said that CSHD has "full ownership". I believe the bonds to be real, I blame Rufus for calling people out and bringing this to the ground
So has anyone actually *called" the Official Whomever with the State of Georgia and asked them, "What does it prove to have such-n-such documents posted there?" ie, does that prove "ownership" or does that prove the documents were filed?
quote:Originally posted by 3403: My stocks present value in my mind is based on its prorata share of the bonds owned. It's future value is based on what the monies created by those bonds do for the future value of the JV's. I don't care WHO is CEO as long as they are able to follow the so called game plan we were sold. Don't care about Rufus one bit. He's got his shares for his reward, he doesn't need our admiration, or concern.
If this company losses it CEO at this point in the game , whats left of the company ? Its like having a state of the art war ship with no captain or crew . Its really not worth a crap at that point is it ?
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by frank021474: wow 3403- I must have missed who called you out for what.
just saying if you own something as we all do proving it is easy. Why can't Rufus...
Not really the issue anymore.....been there....
gosh, I must have missed a *HUGE* step...
why isn't the ownership an issue?
on the bonds filed with the court it states that cshd has full ownership, the issue in my eyes are that the sec is watching cshd really close and right now having a meeting with 10 members as a publicly traded company is inside information, he would have been better off writing up a Q and A and putting it on the website or pr'ing it..
Posts: 572 | From: usa | Registered: Aug 2006
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quote:Originally posted by frank021474: wow 3403- I must have missed who called you out for what.
just saying if you own something as we all do proving it is easy. Why can't Rufus...
Not really the issue anymore.....been there....
gosh, I must have missed a *HUGE* step...
why isn't the ownership an issue?
IMO. ownership is the only issue. If the company owns the bonds, the SEC action is mute. The company will proceed with their plan.
However, IMO, the sticking issue is that Rufus put out Pr's that claimed complete ownership, whereas anyone who has read the past 8k's would realized that CSHD owes half the money hypothacated plus half the investments of the other 50%. CSHD may indeed have the bonds and the ability to hypothacate them but can't claim the entire sum as assests. I think this is the actual hang up. read the global funding agreements. It's still sweet for both CSHD and whoever turns the bonds over but technically it's not as stated.
How will this play out? I don't know, my crystal ball and it's back up were both shattered.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by 3403: My stocks present value in my mind is based on its prorata share of the bonds owned. It's future value is based on what the monies created by those bonds do for the future value of the JV's. I don't care WHO is CEO as long as they are able to follow the so called game plan we were sold. Don't care about Rufus one bit. He's got his shares for his reward, he doesn't need our admiration, or concern.
If this company losses it CEO at this point in the game , whats left of the company ? Its like having a state of the art war ship with no captain or crew . Its really not worth a crap at that point is it ?
often the sum of its parts are worth more then the whole... happens all the time
-------------------- If you repeat a lie often enough it is perceived as truth Posts: 478 | From: Florida | Registered: Oct 2006
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quote:Originally posted by frank021474: wow 3403- I must have missed who called you out for what.
just saying if you own something as we all do proving it is easy. Why can't Rufus...
Not really the issue anymore.....been there....
gosh, I must have missed a *HUGE* step...
why isn't the ownership an issue?
A guy on HSM posted some of the documents from the georgia court website the other night thats been there all along, and then had to delete it, but if you check out those documents you will see it real. One letter for the $500 million dollar bond from Venezuela was sent by the central bank stating that they are giving Rufus a $500 million bond and explicity said that CSHD has "full ownership". I believe the bonds to be real, I blame Rufus for calling people out and bringing this to the ground
So has anyone actually *called" the Official Whomever with the State of Georgia and asked them, "What does it prove to have such-n-such documents posted there?" ie, does that prove "ownership" or does that prove the documents were filed?
It wouldn't even matter if you called . All they did was file paper work that Dufus requested filed with them . It doesn't prove a damn thing to them or anyone else for that matter . Infact , the paper work was suppose to be filed in Delaware not Georgia anyways .
I could go down to the court house here in San Antonio and file anything I want . It doesn't make it true .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by 3403: If the bonds are real, and Rufus was the spark that keeps the fire burning I'd say save him. His spark in my estimation is not even flickering.
if ownership of the bonds are real (error)
-------------------- If you repeat a lie often enough it is perceived as truth Posts: 478 | From: Florida | Registered: Oct 2006
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quote:Originally posted by frank021474: wow 3403- I must have missed who called you out for what.
just saying if you own something as we all do proving it is easy. Why can't Rufus...
Not really the issue anymore.....been there....
gosh, I must have missed a *HUGE* step...
why isn't the ownership an issue?
A guy on HSM posted some of the documents from the georgia court website the other night thats been there all along, and then had to delete it, but if you check out those documents you will see it real. One letter for the $500 million dollar bond from Venezuela was sent by the central bank stating that they are giving Rufus a $500 million bond and explicity said that CSHD has "full ownership". I believe the bonds to be real, I blame Rufus for calling people out and bringing this to the ground
So has anyone actually *called" the Official Whomever with the State of Georgia and asked them, "What does it prove to have such-n-such documents posted there?" ie, does that prove "ownership" or does that prove the documents were filed?
IMO, it doesn't mean squat. Only that they are public record. I'm pretty sure that the State of Georgia doesn't verify everything that is recorded. If they did, we would not be in this predicament.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
none the less, we are trading at .22 cents a share....uhmmmm something is not right..
Posts: 572 | From: usa | Registered: Aug 2006
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quote:Originally posted by frank021474: wow 3403- I must have missed who called you out for what.
just saying if you own something as we all do proving it is easy. Why can't Rufus...
Not really the issue anymore.....been there....
gosh, I must have missed a *HUGE* step...
why isn't the ownership an issue?
A guy on HSM posted some of the documents from the georgia court website the other night thats been there all along, and then had to delete it, but if you check out those documents you will see it real. One letter for the $500 million dollar bond from Venezuela was sent by the central bank stating that they are giving Rufus a $500 million bond and explicity said that CSHD has "full ownership". I believe the bonds to be real, I blame Rufus for calling people out and bringing this to the ground
So has anyone actually *called" the Official Whomever with the State of Georgia and asked them, "What does it prove to have such-n-such documents posted there?" ie, does that prove "ownership" or does that prove the documents were filed?
It wouldn't even matter if you called . All they did was file paper work that Dufus requested filed with them . It doesn't prove a damn thing to them or anyone else for that matter . Infact , the paper work was suppose to be filed in Delaware not Georgia anyways .
I could go down to the court house here in San Antonio and file anything I want . It doesn't make it true .
Well the only way its fake is if Rufus made up the letter himself .
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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