posted
The Threshold Price Reset for the 6 additional shares will be honored according to the original merger agreement. - does this mean the price has to get back to 2.00 a share for the reset to happen?
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
from the looks of the L-2's I would venture to say we have a lot of real buying going on here.
Posts: 6410 | Registered: Jul 2006
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posted
Well, if you do no DD and look ONLY for the negative that is what you will see.
The world is not perfect. Nor are people.
Should we understand a shareholder who has this particular stance and opinion at this time after all that has happened. Most certainly we should.
Like I said before...
Stop, Look and Listen.
As far a law firms go...You will not see names unless the firm permits it. I have no idea on the status other than what the PR says. But I am happy that in a few days the new management team is accomplishing more than the previous did in months.
Personally, I am waiting to see delivery on expectations. If I see a positive pattern I will continue to be positive.
It is obvious some people did not see a positive pattern previously and took action. Let's hope it was in time.
quote:Originally posted by wv1973: I know there are many who are looking for a glimmer of hope in recent events, but that hope has to be tempered with reality.
Reality 1: Rufus, to Mike, to Rufus, to John is not a good scenario no matter how you spin it.
Reality 2: John Arlitt has been fined for misrepresentation in the past. Also, not a good scenario no matter how you spin it. Remember the past of Rufus.
Reality 3: I could be wrong but the PR below starts out wrong. CSHD is not OTCBB. Some may think this is minor, but it is a mistake nevertheless and is not a good sign that the current management is concerned about details and noting John Arlitt's background in IR, he must not have been very good to let this slip by IMO.
Reality 4: More words but no facts -- in other words -- name the lawyer and/or law firms that the company has retained. Shareholders have a right to know that. We also have a right to know the compensation being paid to the CEO, etc.
Reality 5: Integrity Stock Transfer is a fancy name but in reality see the website below. They are either just created or they don't want anyone to do dd on them. Full website coming soon??? IMO there must be 100s of other firms with substantial backgground in handling these matters, so selecting this firm may be misleading us again.
------------------------------------------------
LAKE DALLAS, TX, Nov 28, 2006 (MARKET WIRE via COMTEX) -- Conversion Solutions Holdings Corp. (OTCBB: CSHD), a Delaware Corporation, announces the following current events have taken place:
The Threshold Price Reset for the 6 additional shares will be honored according to the original merger agreement.
Integrity Stock Transfer is the Transfer Agent for the company.
Currently we have retained a corporate and litigation attorney and are also finalizing negotiations with an SEC law firm.
"Due to the recent events that have transpired, we feel it is in the best interest of the shareholders to move forward as expeditiously as possible. My concern has always been and always will be for the shareholders in this company. It is our goal to build a successful and fully operational corporation maintaining the current business plan. The plan of the company is to fully cooperate with the SEC to conclude the matters at hand in a timely manner. We will continue to update shareholders as events unfold," stated John L. Arlitt, Chairman and CEO, Conversion Solutions Holdings Corp.
------------------------------------------------- Our Full Web Site Is Coming Soon ! Integrity Stock Transfer Services Include: Full Service Stock Transfer Processing Secure Shareholder Record Keeping DTC Fast Agent (DWAC) Dividend / Partial Share Payment Forward / Reverse Stock Split Processing Lost Securities Tracking and Reporting Comprehensive Reporting Options (optional - see below) Proxy Management and Mail Services SEC Regulatory Compliance E&O and Mail Bond Insurance on Every Transaction
Contact Us Telephone: (702) 317-7757 Toll Free: (877) 317-7757 Fax: (702) 796-5650 E-mail: stock*integritynevada.net Mail: 2920 N. Green Valley Parkway Building 5 - Suite 527 Henderson, NV 89014
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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posted
1: The following indicates I'm correct. CSHD is not OTCBB, it is other OTC.
Other OTC Or otherwise known as the "Grey Market" is the trading of a security that is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Other OTC trades are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since Other OTC securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
2: If you delve into this issue further you will see what a minor infraction this is. Its no Enron! -- What a bunch of crap. Wrong is wrong. Misrepresentation is misrepresentation. We should be cautious as to what comes from the mouth or Arlitt w/o solid proof.
3: DO NOT UNDER ANY CIRCUMSTANCES NAME THE FIRM. This is a publically traded company and the shareholders have a right ot know who the company is contracted to do business with like Integrity Stock Transfer. Didn't seem to matter to name them -- did it?
4: Why would I call Integrity? Would they tell me something bad?? Probably not, and IMO all ties to the past should be replaced with positive changes.
Posts: 276 | Registered: Nov 2006
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quote:Originally posted by a surfer: Maybe its just me but I don't like the word SPIN...
1. Yes changing CEO's like underwear is not great but I still feel we are now headed in the right direction.
a surfer ~ Funny I used the word "spinners" last night and it seems to be the word of the day. I don't like it either, but honestly it is the word for the actions in this online forum. Get some news, interpret it, and then convince everyone it is inline with your current line of thought. It is probably why so many scream "Facts Only" on these threads, but do not realize even facts can be spun till they barely resemble the truth anymore.
Your 1. comment reminded me of a recent Robin Williams quote in one of his recent movies. To paraphrase.
"Leaders should be changed often like diapers... and usually it is for the same reason."
Spin away spinners... just becareful you may start believing your own spin. Speculation is so hard to stray from.
Fact is John L. Arlitt recieved a $5K dollar fine for "misrepresentation" by the Canadian exchange.
One spinner sees a "slap on the wrist" for something so small as a typo or mangled quote.
The other spinner sees a "web of lies, coruption and criminal activity" that spans decades, and begs the question of why this "guy" is not in solitary in a Federal Prison.
I guess it is time for Ockham's razor again.
"All things being equal, the simplest solution tends to be the best one."
GLTA
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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quote:Originally posted by madmoney: The Threshold Price Reset for the 6 additional shares will be honored according to the original merger agreement. - does this mean the price has to get back to 2.00 a share for the reset to happen?
No... just has to get to at least $2 for all of us to be happy that this crazy stuff is finally behind us.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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quote:Originally posted by wv1973: I know there are many who are looking for a glimmer of hope in recent events, but that hope has to be tempered with reality.
Reality 1: Rufus, to Mike, to Rufus, to John is not a good scenario no matter how you spin it.
Reality 2: John Arlitt has been fined for misrepresentation in the past. Also, not a good scenario no matter how you spin it. Remember the past of Rufus.
Reality 3: I could be wrong but the PR below starts out wrong. CSHD is not OTCBB. Some may think this is minor, but it is a mistake nevertheless and is not a good sign that the current management is concerned about details and noting John Arlitt's background in IR, he must not have been very good to let this slip by IMO.
Reality 4: More words but no facts -- in other words -- name the lawyer and/or law firms that the company has retained. Shareholders have a right to know that. We also have a right to know the compensation being paid to the CEO, etc.
Reality 5: Integrity Stock Transfer is a fancy name but in reality see the website below. They are either just created or they don't want anyone to do dd on them. Full website coming soon??? IMO there must be 100s of other firms with substantial backgground in handling these matters, so selecting this firm may be misleading us again.
------------------------------------------------
LAKE DALLAS, TX, Nov 28, 2006 (MARKET WIRE via COMTEX) -- Conversion Solutions Holdings Corp. (OTCBB: CSHD), a Delaware Corporation, announces the following current events have taken place:
The Threshold Price Reset for the 6 additional shares will be honored according to the original merger agreement.
Integrity Stock Transfer is the Transfer Agent for the company.
Currently we have retained a corporate and litigation attorney and are also finalizing negotiations with an SEC law firm.
"Due to the recent events that have transpired, we feel it is in the best interest of the shareholders to move forward as expeditiously as possible. My concern has always been and always will be for the shareholders in this company. It is our goal to build a successful and fully operational corporation maintaining the current business plan. The plan of the company is to fully cooperate with the SEC to conclude the matters at hand in a timely manner. We will continue to update shareholders as events unfold," stated John L. Arlitt, Chairman and CEO, Conversion Solutions Holdings Corp.
------------------------------------------------- Our Full Web Site Is Coming Soon ! Integrity Stock Transfer Services Include: Full Service Stock Transfer Processing Secure Shareholder Record Keeping DTC Fast Agent (DWAC) Dividend / Partial Share Payment Forward / Reverse Stock Split Processing Lost Securities Tracking and Reporting Comprehensive Reporting Options (optional - see below) Proxy Management and Mail Services SEC Regulatory Compliance E&O and Mail Bond Insurance on Every Transaction
Contact Us Telephone: (702) 317-7757 Toll Free: (877) 317-7757 Fax: (702) 796-5650 E-mail: stock*integritynevada.net Mail: 2920 N. Green Valley Parkway Building 5 - Suite 527 Henderson, NV 89014
u have a good handle on things
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
I do agree with your statement regarding the law firm. The company has yet to provide the Court, as ordered by the Federal Judge, the name of the law firm representing CSHD. This is or should be a matter of public record.
quote:Originally posted by wv1973: 1: The following indicates I'm correct. CSHD is not OTCBB, it is other OTC.
Other OTC Or otherwise known as the "Grey Market" is the trading of a security that is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Other OTC trades are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since Other OTC securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
2: If you delve into this issue further you will see what a minor infraction this is. Its no Enron! -- What a bunch of crap. Wrong is wrong. Misrepresentation is misrepresentation. We should be cautious as to what comes from the mouth or Arlitt w/o solid proof.
3: DO NOT UNDER ANY CIRCUMSTANCES NAME THE FIRM. This is a publically traded company and the shareholders have a right ot know who the company is contracted to do business with like Integrity Stock Transfer. Didn't seem to matter to name them -- did it?
4: Why would I call Integrity? Would they tell me something bad?? Probably not, and IMO all ties to the past should be replaced with positive changes.
Posts: 386 | From: Plano, TX | Registered: Oct 2006
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posted
I do agree that they should name the Law Firm or Law Firms involved... Personally, I think the long list of people that would choose to call and harrass a law firm deserve what they get.
Name them and direct all investor questions to them. It will quickly put an end to alot of the BS game playing and spin going on here.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
i thought that when an attorney agreed to represent the company he has to register an appearance before the court which would appear on pacer. but i agree the law firm doesn't need 5000 calls!! counsel is a matter of public record.
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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posted
Well, At least we are going in the right direction, for once, let's be happy about that....Unfortunately, there are some people that will never be happy no matter what happens....
I, for one, am please with the progress.....
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by Jenna: Well, At least we are going in the right direction, for once, let's be happy about that....Unfortunately, there are some people that will never be happy no matter what happens....
I, for one, am please with the progress.....
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by a surfer: I strongly believe that this issue will be resolved with the SEC and when that time comes our efforts will be judged not by silence but with great fanfare.
The regulators have had a clear chance to demolish our company and they didn’t and probably couldn’t.
Close to the matter being resolved, this has simply been a case of the regulators kicking the can down the road.
To this point no one has offered a checkmate or any kind of explanation that proves us wrong.
You would think that our serious allegations would spark a response of some type.
Meanwhile, I take comfort in the fact that the long-term condition in CSHD never looked better.
posted
Someone expressed $49,140.00 worth of confidence on the buy side of the transaction for 273000 shares at 10:48 this morning.....that's rough 39% of todays volume so far
0.19 2390 OTO 11:05:11 0.20 500 OTO 10:59:36 0.20 1000 OTO 10:59:31 0.20 10000 OTO 10:59:13 0.20 23660 OTO 10:59:06 0.20 1000 OTO 10:59:06 0.19 1000 OTO 10:53:53 0.19 180 OTO 10:49:56 0.19 500 OTO 10:49:18 0.19 2500 OTO 10:49:18 0.18 273000 OTO 10:48:26 0.18 0 OTO 10:45:30 0.19 50000 OTO 10:43:26 0.19 5500 OTO 10:41:00
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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posted
Here is what tells me there is way more going on than we know at the moment.
Who after all this decides on Wed Nov 29th to sell after everything else? Who decides to sell yesterday for a total of over 2,000,000 shares? This is still not making a whole lot of since. If we had already crapped the bed, nobody would be touching this like most penny plays. Volume would be gone. Yet here we are with some days exceeding 1,000,000 shares trading hands on the grays w/ little to no info. Somebody that does know is still trading this.
IT’S NOT FLIPPERS
Posts: 140 | From: CT | Registered: Aug 2006
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quote:Originally posted by BuckyBarnes: Someone expressed $49,140.00 worth of confidence on the buy side of the transaction for 273000 shares at 10:48 this morning.....that's rough 39% of todays volume so far
0.19 2390 OTO 11:05:11 0.20 500 OTO 10:59:36 0.20 1000 OTO 10:59:31 0.20 10000 OTO 10:59:13 0.20 23660 OTO 10:59:06 0.20 1000 OTO 10:59:06 0.19 1000 OTO 10:53:53 0.19 180 OTO 10:49:56 0.19 500 OTO 10:49:18 0.19 2500 OTO 10:49:18 0.18 273000 OTO 10:48:26 0.18 0 OTO 10:45:30 0.19 50000 OTO 10:43:26 0.19 5500 OTO 10:41:00
those shares were traded on a down tick at .18, witch would NORMALY indicate a possible sell, no way to KNOW for shure, could be a broker trade to cover orders filled or a sell or a buy. anything is possible.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Jenna ~ We did not fall to 0.15 someone decided to sell at 0.15. It is the Greys, and there is no bid and no ask. If someone wants to sell for a penny they can no one is going to stop them, and someone is sure as hell will be there to buy the shares off the person selling them.
I look at the L2 maybe once a day. They mean nothing without a MM, other than a sign of how many people are out there willing to trade this stock with or without a regulator keeping it somewhat fair.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
Changes are effecting to the CVSU website on the Executives tab..........Romeo V. is no longer listed..........below is what show now. . . . "Current Directors and Officers
John L. Arlitt, Chairman and CEO
(We are currently updating our information, please be patient.)
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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posted
I know Tax - It could go from .02 to 2.00 in the matter of a second- but we haven't seen .15 in a few days I think so someone got in at a nice price - I'm jealous....
quote:Originally posted by TaxBack04: Jenna ~ We did not fall to 0.15 someone decided to sell at 0.15. It is the Greys, and there is no bid and no ask. If someone wants to sell for a penny they can no one is going to stop them, and someone is sure as hell will be there to buy the shares off the person selling them.
I look at the L2 maybe once a day. They mean nothing without a MM, other than a sign of how many people are out there willing to trade this stock with or without a regulator keeping it somewhat fair.
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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posted
I love how I pose a simple question, with a simple answer (Yes or No), and it gets spun like this. Meanwhile, I'm the one accused of "spinning." The only interest I have in this stock is as a bystander. If people want to dump their money in here, that's there own problem.
quote:Originally posted by TaxBack04:
quote:Originally posted by Kevin Bailey: If this new CEO is Tut, how can that be good? Weren't a lot of you pissed off at him for posting vague platitudes to the message boards?
I am out for the night but since I have written soo much this evening. I will answer you Kevin. I will even pretend that I am answering your question for your benefit. Even though you are just trying to do your normal "spin" by posing questions your really do not care for the answers to since you plan on trying to post in a negative light no matter what the response.
You used the word "pissed" which is a very strong word conveying feelings like disappointment, or frustration. True, Tut gave us little if any answers in some of his vague posts and responses, but only a poster who shows little or no regard for others who are financially tied to a security "piss US off".
Tut may have added to certain longs frustration at times, but I do think all are happy with a shareholder who has been so dedicated to the longs perspective taking initiative and skills based on prior experience to rectify the current situation. A similar example was Dogman's initiative to start the shareholder comittee. He made an effort and there is something to be said about that. Was it done completely right? I don't think I would agree to that, but it is an effort and that is "something".
Some very offensive and alterior motive driven groups/individuals are involved in this stock, and to hear a rumor that Tut wants to be CEO, and to see John take control is a positive move. What happens next only time will tell.
There you go. I think I have answered why many longs find this to be a "good thing". You should start looking for your "spin" now. Finding your "negative" to counter our positive. Maybe you could go dig up some old news... play the "I'm here to save you" card... Or maybe you can try the "old" divide and conquer tactic when trying to shake the weak hands who are in this stock.
You should know by now though that many if not all weak hands are gone at this point. You may get a few of the newbies but then again you are going to have to verbally take the price way down for that because they just bought in and for a great deal less PPS than several of us long time longs.
I love the natural volitility you "spinners" bring to this stock it takes alot of the pressure off my own conscience when I have a bash there screaming loudly about all the negatives. I have to research the claims and my doubts spawned, I have to reason the negative interpretations against logic and luck. It makes me a better trader, and in these situations where complexity out guns simplicity it brings me confidence in my postition.
Don't take it as flattery, on the contrary... a good trader never listens to a stock board poster good or bad. A good trader checks the information for themselves, protects their capital when possible, and when risks out number reward they NEVER place more money on the table than what they are comfortable in losing.
Enjoy your night.
Tut is honoring the 6:1, CSHD is working on forming their defense, and CSHD has a New CEO that is not afraid to use a disclaimer. I should be sleeping really well tonight even tho the price is down some 90% from pre litigation. Hope the same goes for you. GLTA
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
posted
I hope all and their kiddies feel well soon. T/A just told me they don't have any word on the 6:1 business yet. Only old news that they received a while back.
Posts: 957 | Registered: Jun 2006
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