quote:Originally posted by Kevin Bailey: Hopefully some of you were able to find a better exit point today. Contrary to what you all might believe, I actually DO hope I'm wrong about this stock. I never like to see people lose money. I've just seen nothing here to convince me that this stock is anything more than a typical penny.
Hey Kevin;
Then don't respond.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
posted
is Randy Moseley CFO? appears he will only take the job IF he can get D and O insurance witch is ---------- Directors and officers are quickly joining the ranks of the professional and business owner as targets for liability suits. By taking on the highly visible position of director or officer, you assume great personal risk. You could be held liable for any number of things from abuse of authority and libel to slander and financial mismanagement brought against you by shareholders, creditors, customers or employees -- to name a few.
Considering the ever increasing amounts that juries award in today's courtrooms, a liability suit could conceivably wipe out your life savings and drive you into personal bankruptcy, not to mention wreak havoc in your company. By covering the litigation costs and damages in the event you are sued, director's and officer's (D&O) insurance may save you and your company from a financial disaster. RUFUS was CEO he resigned, new management team came on board then QUIT ( could`nt get D and O? ) RUFUS comes back sets up bogus committee and they fire him (now it`s all our fault if this goes south WE fired him! ) new CEO comes on board ( big deal!) we may or may not have a CFO?, rufus says share holders will get thier money from the law suit! ( did he realy say that!? ) WOW what a great stock!! we are GOLDEN!! LOL!!!
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I am not a lawyer and I have to admit legal speak makes my head spin, but it sounds to me like it WAS legit.
There is no mention of the SHC here...its says "the affirmative vote of shareholders holding of record in the aggregate at least a majority of the outstanding shares of the corporation at a special meeting of the shareholders".
Does that not mean that a group of shareholders (not all shareholders) can pull together their 51% shares and vote him out?
Any lawyers in the house?
shareholders
quote:Originally posted by TaxBack04: bump... (What no comments?)
Someone go ask John if he read Section 8 of the By-Laws listed in the most recent 10KSBA
Section 8. RESIGNATIONAND REMOVAL: Any director may resign at any time by giving notice to another Board member, the President or the Secretary of the corporation. Unless otherwise specified in such written notice, such resignation shall take effect upon receipt thereof by the Board or by such officer and the acceptance of such resignation shall not be necessary to make it effective. Any director may be removed with or without cause at any time by the affirmative vote of shareholders holding of record in the aggregate at least a majority of the outstanding shares of the corporation at a special meeting of the shareholders called for that purpose, and may be removed for cause by action of the Board.
John is NOT legal at this point.
Do we know with certainty who owns a majority of the OS? And by own I mean really owns - certs? Wouldn't it be interesting if everyone, including me, really had no influence on CSHD because we all own air. I have always thought that you would only attempt something like this if you were bulletproof and had one and only one way to ensure your survival - control the majority. Rufus is no mad man and we are not on the inside. More to come, IMO.
If you want to use common sense ask yourself what you, as a savvy, connected and sane person would have done over the course of the last 2.5 years to set yourself up for success. Would you have left yourself open to the most obvious means to get ushered to the door in the form of an ad-hoc shareholder action? Not me.
Using the PPS as a guage is pointless right now. Feel free to sell if that is your marker.
yes, I like this board very much, it's people are great. Nice to see things from different views.
I too only want what's best cause it's my money too ~
I think, as does the market it seems, (HOD .33) that Johns our boy. I too like Wally could care less WHO is CEO, just do your job or I'll take my money elsewhere ~
I stated we should be in the .30's today, I hope Rufus doesn't effect our PPS anymore...
quote:Originally posted by portman: "unanimous" If you are getting that from the PR...you are out of context.
Remember two important things...
Majority Shareholders NOT the Committee voted to remove Rufus.
The Committee ONLY recommended to the Majority Shareholders unanimously.
Personally I think the SC should never have been mentioned.
No I was not talking about that "unanimous". Unlike many who had been confused by who really "ousted" Rufas I was not. I was talking about the one in your CONSENT IN LIEU OF MEETINGS clause. And the "unanimous" that was stated in the Delaware law that apeals to the By-Laws. Matter of fact if there really have been 600 Million shares traded, and the float was bought by trust, then I think the true outstanding remains in question, and in the end will come back to bite a few that may think they have controlling interest, but in reality may not.
Quit debating with me... I am still not selling my shares. I just have this feeling that if John doesn't get to work the shares I have and the 6 new ones I may get will be worth nada anyway.
posted
What I mean is that I am not worth debating when you have as much on your plate as you do now.
I am not going anywhere, and i have not been happy with this stock and events before. This is no different. I am just trying to get to the conclusion and I even know it will come in it's own time.
Dig into that new job, and "Get'R Done". Chairmen of the SHC should not be posting one boards either IMO.
quote:Originally posted by portman: For the record I was and partially still am a Rufus fan.
But I fear far less for those who have mortgaged homes and are behind in bills far less under John than Rufus.
I would tend to take this stance too....FWIW, a lot of the reason we got to $4 was market perception, and the market is following John a little now. JMHO
-------------------- Study before you buy, Sell before you think about it....
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That is a very good post...very valid points. I totally see what you are saying now...sorry, I'm working on very little sleep. Who knows who holds real shares unless they have their certs. I don't have mine. I just might have to request them soon. Did the people who voted to oust him have their certs? I would certainly hope so.
quote:Originally posted by TaxBack04:
quote:Originally posted by portman: "unanimous" If you are getting that from the PR...you are out of context.
Remember two important things...
Majority Shareholders NOT the Committee voted to remove Rufus.
The Committee ONLY recommended to the Majority Shareholders unanimously.
Personally I think the SC should never have been mentioned.
No I was not talking about that "unanimous". Unlike many who had been confused by who really "ousted" Rufas I was not. I was talking about the one in your CONSENT IN LIEU OF MEETINGS clause. And the "unanimous" that was stated in the Delaware law that apeals to the By-Laws. Matter of fact if there really have been 600 Million shares traded, and the float was bought by trust, then I think the true outstanding remains in question, and in the end will come back to bite a few that may think they have controlling interest, but in reality may not.
Quit debating with me... I am still not selling my shares. I just have this feeling that if John doesn't get to work the shares I have and the 6 new ones I may get will be worth nada anyway.
This whole situation smells...
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
posted
Could someone explain how the company gets money when shares are purchased? - I think my father explained it pretty well but looking for anything further- he said when the company offers shares intially that's when they get their money after that when the sales are from one person to another it doesn't go to the company it goes to the person who sold the shares....
Anybody else care to add anything....
-------------------- ..just remember....Family is EVERYTHING!!
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quote:Originally posted by Jenna: Could someone explain how the company gets money when shares are purchased? - I think my father explained it pretty well but looking for anything further- he said when the company offers shares intially that's when they get their money after that when the sales are from one person to another it doesn't go to the company it goes to the person who sold the shares....
Anybody else care to add anything....
this is correct, company receives money from shares in the INITIAL offering, after that traders take profit/losses when trading. the company can take loans and issue shares for services ( cash value of same ) they can also issue options for cash to cover operating exspenses or issue shares for cash in private placements, lots of ways to trade shares for cash or sevices.
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Join Date: Oct 2006 Posts: 672 Quote: Originally Posted by GaOnMyMind This is what I was wondering...where are those CVSU shareholders, before the merger from the private company...
We are all here but we have not received our shares our any comunication from the company. I wish I was on SPR last night so I could have asked Rufus where our shares are? I know the S-4 has to be filed but where is the money that we all invested???? Did Rufus spend it on beer?
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posted
Portman, please tell me if I am way off or not on this THEORY. From the beginning Rufus has stated a financial institution bought up the majority of the float. What if that institution is John's company. They are a finacial inst. If that were the case, then he could be a MAJORITY shareholder. Please let me know what you think.
quote:Originally posted by cassity: Portman, please tell me if I am way off or not on this THEORY. From the beginning Rufus has stated a financial institution bought up the majority of the float. What if that institution is John's company. They are a finacial inst. If that were the case, then he could be a MAJORITY shareholder. Please let me know what you think.
That thought ran through my mind too....
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quote:Originally posted by cassity: Portman, please tell me if I am way off or not on this THEORY. From the beginning Rufus has stated a financial institution bought up the majority of the float. What if that institution is John's company. They are a finacial inst. If that were the case, then he could be a MAJORITY shareholder. Please let me know what you think.
posted
OK I keep going over these By-Laws and besides clause Portman pasted there isn't anything to support the action taken as I know of it. I hope that CONSENT IN LIEU OF MEETINGS clause stands up.
This exerpt from Section 4 has me worried too.
"Business transacted at all special meetings shall be confined to the objects stated in the call and matters germane thereto, unless all stockholders entitled to vote are present and consent.
Written notice of a special meeting of stockholders stating the time and place and object thereof, shall be given to each stockholder entitled to vote thereat at least ten days before such meeting! Unless a greater period of notice is required by statute in a particular case."
I am sure "All" were not present, and I know the subject "Kick Rufas to the curb" was not made public ten days prior. Heck we still do not know what went on at the meeting.
quote:Originally posted by dlab: This is interesting from HSM
Today, 10:43 AM #4359 cshdlong HSM Enthusiast
Join Date: Oct 2006 Posts: 672 Quote: Originally Posted by GaOnMyMind This is what I was wondering...where are those CVSU shareholders, before the merger from the private company...
We are all here but we have not received our shares our any comunication from the company. I wish I was on SPR last night so I could have asked Rufus where our shares are? I know the S-4 has to be filed but where is the money that we all invested???? Did Rufus spend it on beer?
how do u have shares of a private company if they arent public? just trying to learn here..
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quote:Originally posted by dlab: This is interesting from HSM
Today, 10:43 AM #4359 cshdlong HSM Enthusiast
Join Date: Oct 2006 Posts: 672 Quote: Originally Posted by GaOnMyMind This is what I was wondering...where are those CVSU shareholders, before the merger from the private company...
We are all here but we have not received our shares our any comunication from the company. I wish I was on SPR last night so I could have asked Rufus where our shares are? I know the S-4 has to be filed but where is the money that we all invested???? Did Rufus spend it on beer?
how do u have shares of a private company if they arent public? just trying to learn here..
Possible - particularly if they once were a public company and decide to take it private. Shares and all that pertains to still applies - it is just VERY hard to buy or sell when private, emphasis being on the sell IMHO.
-------------------- Study before you buy, Sell before you think about it....
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quote:Originally posted by cassity: Portman, please tell me if I am way off or not on this THEORY. From the beginning Rufus has stated a financial institution bought up the majority of the float. What if that institution is John's company. They are a finacial inst. If that were the case, then he could be a MAJORITY shareholder. Please let me know what you think.
That thought ran through my mind too....
I do not remember the word instituion being used, only that there was a trust involved. I am thinking more along the lines of a trust representing a family.
Besides, most institutions would have charters preventing the purchase of such a volatile and low-priced stock.
Additionally, in looking at the numbers next to John's name in his previous dealings, he does not look like a big enough fish to pull this off.
quote:Originally posted by cassity: Portman, please tell me if I am way off or not on this THEORY. From the beginning Rufus has stated a financial institution bought up the majority of the float. What if that institution is John's company. They are a finacial inst. If that were the case, then he could be a MAJORITY shareholder. Please let me know what you think.
That thought ran through my mind too....
I do not remember the word instituion being used, only that there was a trust involved. I am thinking more along the lines of a trust representing a family.
Besides, most institutions would have charters preventing the purchase of such a volatile and low-priced stock.
Additionally, in looking at the numbers next to John's name in his previous dealings, he does not look like a big enough fish to pull this off.
... In My humble Opinion
I can't remember, but I believe he said a financial institution. I definitly could be mistaken though.
quote:Originally posted by dlab: This is interesting from HSM
Today, 10:43 AM #4359 cshdlong HSM Enthusiast
Join Date: Oct 2006 Posts: 672 Quote: Originally Posted by GaOnMyMind This is what I was wondering...where are those CVSU shareholders, before the merger from the private company...
We are all here but we have not received our shares our any comunication from the company. I wish I was on SPR last night so I could have asked Rufus where our shares are? I know the S-4 has to be filed but where is the money that we all invested???? Did Rufus spend it on beer?
how do u have shares of a private company if they arent public? just trying to learn here..
posted
Well kind of off-topic but have perused this information on a site I use for liens, bankrupties called privateeye.com
All names have residence at 10 Ingram St. Taylorsville, GA 30178 386-9241
HARRIS,PAUL RUFUS BD. 9-1-1968 age 38 HARRIS,RUFUS BD. 11-30-1967 age 39 HARRIS, ANISSA BD. 9-1-1941 age 65 HARRIS, MCKENSEY age unknown
Can someone offer other information on hand for me.(e.g. wife's name- brother's names, daughter's name- mother's name etc) with what is known in his bio.)
This is within the last year upload.
I did not go to BBQ or Dallas meeting but I am sure there are contacts on here or HSM that can offer other bio information. I cannot confirm 100% of data offered but only what the site presents to me for Rufus Paul Harris B. 11-30-1967. Again the datafeed may be incorrect but wanted others in the know to acknowledge or verify.
Me thinks 2 Rufus's in the same address 9 months apart seems strange. At least it will take others off the Friday PM cat scratching.
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