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» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » CSHD appoints a new CEO... (Page 57)

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Author Topic: CSHD appoints a new CEO...
humble
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quote:
Originally posted by glassman:
What if they are the float that has been bought up?

and? it was prior to July 27th... [Wink]

unfortunately? it may not matter any more... Rufus had to defend himself and the Co against the SEC...
i don't see any eveidence that he has...

if he has? he's being awful quiet about it...

He is being VERY quiet. Bold and brash got him prosecuted, betrayed by officers and maybe others, and eventually ousted. He always alluded to something happening in a series of unexpected and cascading events - and then, like a child with a toy, could not keep it to himself. If RPH has a place in the future of this stock, I hope to never hear him on SPR or see him post on HSM again. Maybe he learned the hard lesson about keeping your cards close to the vest.

For the record I do think Rufus has a place in the future of this company, either by cooperation or by force; call it a gut feeling that the avenue will not be cooperation. If he has the leverage I think he might, we are not done with this drama. And that might mean more delays, stress and heartache for the shareholders.

I hope those in the power struggle keep their eyes on the prize and don't destroy the company's potential along the way.

... In My humble Opinion

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BuckyBarnes
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St. Matthew,
Your copy of the JV page of the website is what I saw this morning when I launched the CSHD website (www.cvsu.us). However, this afternoon I have not been able to access the website.....my browser returns the error message of "The page cannot be displayed"---- also when I launch "www.cvsu.us", the address of www.waatle.com is automatically being subsituting for www.cvsu.us by the infinite wisom of the internet processors out there.

However, I have been able to accces the other website for Conversion Solutions at "www.songwi.com" all day, and although I have not throughly looked at each page and paragraph, I believe that as of this point in time, this songwi site has not been altered. FWIW and GLTA [Smile]
quote:
Originally posted by St. Matthew:
Here is what I get...

The following content is under review by the Board of Directors

Financial Maintenance

We are very selective of our business models and are only selecting models that are capable of financially sustaining large national infrastructure programs such as Education Reform, National Transportation Infrastructure and Electrification Reform.


Current Joint Venture Corporations

American International Smart Structures

Brittenum Brothers Entertainment, Inc.

Rocky Road Records, Inc.

Seko Management Inc.


Current Subsidiaries

Tserof Holdings Inc

CVSU Coffee Shop

Equine Solutions Inc.

Stargate Productions, Inc.


Merger Subsidiaries

Live Mortgage Free

Federal Chamber of Commerce

Center State Beverage

Point Click and Dream

InfinityOne Inc.

Amruss Group, LLC

LoanShoppers.com



quote:
Originally posted by Igor R:
quote:
Originally posted by 6digits:
Does the CVSU website come up for anybody? Thers talk that the JV page is blank, but I can't get the website to look.

Doesn't work for me either. Tried cvsu.us and waatle.com and neither work.



--------------------
"No nation was ever ruined by trade." Benjamin Franklin

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glassman
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Humble, i agree with much of your post...

Rufus was behaving very immaturely, especially when confronted by former BBAN people and sourstreet.... i am glad that he never publicly posted here...

it would also seem that RPH is important to the future of the Co. if he is the only one who understands how the Euroclear system works, that seems to be the central part of his case/defense ...

as far as being quiet? he needs to be proving to the SEC why they shouldn't get their judgement...

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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Mr. CATIAEngineer
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Sometimes i see quotes and i think, why didnt I think of that?

"What do i look like? your search engine?" - Glassman

I cant quit chuckling because I can totally understand how it likely came about....classic

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glassman
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here's an even better one i bring back every so often Mr. CATIAEngineer

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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Mr. CATIAEngineer
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Hey Bucky. I got curious about your posts regarding the website and started poking around with waatle and songwi.


I was reading this stuff below and i was wondering, what does it mean "entered into an acquisition contract of an OTC traded public shell through its originating Trust, Songwi Trust,with Conversion Solutions". Does that mean that Songwi owned Waatle financially? So who owns songwi.com?

http://sev.prnewswire.com/banking-financial-services/20050512/CLW07211052005-1.h tml

KENNESAW, Ga., May 11 /PRNewswire/ -- Waatle Holdings Corp. ("WHSC") a diversified holdings corporation organized in Arizona on June 14, 2004 announces that the company has entered into an acquisition contract of an OTC traded public shell through its originating Trust, Songwi Trust, with Conversion Solutions

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Mr. CATIAEngineer
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Anyway, in response to my own post i also have this. Rufus and Ben co-founded Songwi trust AND waatle corporation so im guessing it wasnt difficult getting the BOD vote on the aquisition. So what were songwi and waatle before conversion solutions? What was conversion solutions before them?

Rufus Harris - Chairman & Chief Executive Officer & President Mr. Harris is the Founder and originator of Waatle Holdings Corp, Arizona Corporation and Conversion Solutions, Inc a Delaware Corporation. The co-founder of Songwi Trust. His experiences range from high-end corporate financing to bond origination. Mr. Harris has facilitated and originated projects, corporate and bond financing for more than 10 years.

Ben Stanley - Director & Chief Operating Officer Mr. Stanley is the Founder and co-originator of Waatle Holdings Corp and CVSU and the co-founder of Songwi Trust. His experiences range from high-end corporate financing to bond origination. Mr. Stanley has facilitated and originated projects, corporate and bond financing for more than 15 years.

http://biz.yahoo.com/e/060712/fhal.ob8-k_a.html

Sorry diggy, am i rambling again? [Smile]

Another question.......

What is the difference between co-founder and co-originator? My search engine Glassman.com? heh

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cassity
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quote:
Originally posted by Mr. CATIAEngineer:
Hey Bucky. I got curious about your posts regarding the website and started poking around with waatle and songwi.


I was reading this stuff below and i was wondering, what does it mean "entered into an acquisition contract of an OTC traded public shell through its originating Trust, Songwi Trust,with Conversion Solutions". Does that mean that Songwi owned Waatle financially? So who owns songwi.com?

http://sev.prnewswire.com/banking-financial-services/20050512/CLW07211052005-1.h tml

KENNESAW, Ga., May 11 /PRNewswire/ -- Waatle Holdings Corp. ("WHSC") a diversified holdings corporation organized in Arizona on June 14, 2004 announces that the company has entered into an acquisition contract of an OTC traded public shell through its originating Trust, Songwi Trust, with Conversion Solutions

Read pg 6 of this link. Kind of interesting. I'm sure it's old news.

https://www.otcstockinfo.com/repository/658329/658329_FR8.pdf

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Mr. CATIAEngineer
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Cassity

That William Tay guy again. 22+ million shares. Thats a lot of shares for what appears to be "seed money" of some sort.

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frank021474
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Tay was one of the originators in CVSU- the majority shareholder that resigned when RPH took over (I think....I need to dig and verify- shooting from the hip on that one).

--------------------
Got CSHD? Its fun

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Mr. CATIAEngineer
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Page 9-10 is interesting too. I wonder if this is the ranch. "lease purchase", is that like a land contract....rent to own?

1. Investments in real estate or interests in real estate.
The corporation entered into a lease purchase contract on
October 13, 2005 of a facility called the Derby with Berrey
- 10 -
properties, Inc. for a value of $200,000 USD. A deposit of
$25,000 USD was applied.

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cassity
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quote:
Originally posted by frank021474:
Tay was one of the originators in CVSU- the majority shareholder that resigned when RPH took over (I think....I need to dig and verify- shooting from the hip on that one).

People keep asking how Rufus received billions in bonds, but I personally don't think he did. I think that Tay is the heavy hitter. He was well connected if I remember previous DD. I think we need focus on this company PRIOR to Rufus. JMO
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frank021474
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Tay: he was one of the original tut guesses back in Sept.

http://www.flip-side.biz/eEAC06prs.htm

William Tay, Senior Consultant in the Chief Architect Office, NCS Singapore Pte Ltd

William Tay is a Senior Consultant with the Chief Architect Office in NCS Pte Ltd, a premier Asia Pacific Systems Integrator based in Singapore. His interests include all things distributed. He has done a fair amount of work in the implementation of XML Services. He has done research, development and implementation work in applying Web Services in environments of Service-Orientation. He is a recognized Web Service / WS-* Digerati of Microsoft and travels to international locations on invitation by Microsoft Corp to deliver Web Services-related architecture presentations to its top enterprise customers and subsidiaries.
He spent a lot of his time drilling down into some of the core WS-Security specifications and participated in the security feedback channels of OASIS via Microsoft Corp. Besides being a Microsoft Most Valuable Professional (MVP) for Solutions Architect, he is also one of the very few Microsoft Regional Directors in the world whose ideas, thoughts and feedback are frequently sought after by Microsoft Corp. Besides writing for leading Software Architectural magazines on-line and in-print, he speaks frequently in many academic and leading industry technology circuits and events.

--------------------
Got CSHD? Its fun

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Mr. CATIAEngineer
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Yea, i think i was the originator of the William Tay Tut guess. Im still trying to confirm if the Tay from Songwi is the same Tay in your link Frank. He seems to be a brainy fella with some serious creds but i cant confirm any serious cashflow from him.
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thecon00
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Stinks this has some merit imho!!!!!!

Good call on the price 2.00-2.40 for that timeframe also 2.00 * 100M shares would indeed be a sum of $200M to not only open a new euroclear account but enough to start funding subs. if this was going to be the initial co. 'play money'. Do you remember someone questioning why Rufus never used some of the $19,000,000 in interest off the bonds? Maybe he already used it as part of buying up the float!!! All along realizing this was going to be the startup $ to get the ball rolling for the subs. and drawing off of the other bonds (which if i remember correctly, he has not claimed full ownership of as with the first Caracas Group $500M bond). Although hard to prove, the SEC clearly could financial cripple a start up co. this way and save (if they have ties to) their major interest players/brokers on Wall Street for which they appear to be looking the other way for.

OTHER COMMENTS PLEASE!!! I THINK THIS MAKES A LOT OF SENSE AND THAT STINKS IS ON TO SOMETHING. WE MAY NEED TO GIVE RPH A BREAK. IT MAY BE OUT OF HIS CONTROL.


jmoestinks
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posted December 05, 2006 17:11
--------------------------------------------------------------------------------
I'm not a stock guy, i'm into real estate but here is my pathetic shot at addind some DD to this thread instead of making fun of my boys Kevy and Jmoe. You DD guys might think its absurd or you mightmake something out of, all a shot in the dark so here you go.

Rufie said figure out why the shares of CSHD are in the Euroclear account and you will find all your answers. Here are some thoughts.

Back in the FHAL/CVSU/ and early CSHD days Rufie said they were buying up all the float. No idea how much that was but it was probably alot. Now the date on the Euroclear for submitting those shares was Oct 9th about a week before that Oct 16th deadline for the 6:1 announcement. He said that the shares would be submitted early Nov. Now if the bonds were real and the company had to prove 200 million in assests to pull money from the bonds then they could use the shares as assests. If you look at the stock price in and around the 9th it was about $2-2.40 i think. If the amount of shares submitted to Euroclear was 100 million or so (which is where my scenario might not work because I don't know if they had that many) then they could prove the 200 million in assests and be free to pull from those bonds to subsidize all the JVs rufie was bragging about. Now the SEC comes in right before the share exchange for 6:1 and shuts it down. This tanks the stock on the greys, leaves rufie and the gang with no shares and no way to pull them from Euroclear because now they can't prove the 200 million. The SEC says prove it but they can't because they don't have the assests now. This saves all the naked shorts courtesy of the SEC and leaves rufie with nothing. He can't hypothecate because he doesn't have the assests to pull from the bonds which is what we all want to see. But since the share price plunged the assests aren't woth anything close to 200 million. The SEC can now say fraud, perfect timing from them. If the SEC doesn't step in Rufie has the 200 million, can prove ownership by drawing from them, price goes up, 6:1 gets fulfilled, shorts are definitely screwed. Don't know if I have a leg to stand on here with this info but some of you DD aholics might make something out of this. Just a shot in the dark.

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thecon00
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CAT,

not to burst your bubble but i think BB found Tay a very long time ago. end of June, early July.

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Mr. CATIAEngineer
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Thecon00, i know. I still have her DD and some of my own personal DD from Tay some time ago. Bucky brought up Songwi and Cassity posted an 8k so i started getting interested in him again.

If the Tay in the link above is the same Tay, he is an interesting guy to say the least. Check out this **** and some of the things this guy thinks about. He seems bored with our current technology heh.

http://www.softwaremaker.net/b l o g/

remove the spaces

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Mr. CATIAEngineer
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I think the post by jmoestinks could hold some truth as well but its difficult to wrap my mind around all of it. I found this too which appears to show just how costly it is to "work with" Euroclear. $400k for admin fees?

http://www.secinfo.com/d17yWq.v24.htm

The Fitch Bonds Ratings as of May 2006 gives the bonds a BB- rating. The bonds have been registered with the National Securities Commission in Caracas, Venezuela, as well as loaded and registered in the Euroclear Band Securities database, accessible electronically with proper identification codes.

The company entered into a Global Trust Funding Agreement (the agreement), #252455770-03142006, executed on March 17, 2006 as a result of the acquisition of the bonds. The agreement includes a required payment of administrative fees of $400,000 which as of June 30, 2006 had not been paid and therefore, has been recorded as a liability on the balance sheet.

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frank021474
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PM Jenna

--------------------
Got CSHD? Its fun

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10of13
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quote:
Originally posted by thecon00:
Stinks this has some merit imho!!!!!!

Good call on the price 2.00-2.40 for that timeframe also 2.00 * 100M shares would indeed be a sum of $200M to not only open a new euroclear account but enough to start funding subs. if this was going to be the initial co. 'play money'. Do you remember someone questioning why Rufus never used some of the $19,000,000 in interest off the bonds? Maybe he already used it as part of buying up the float!!! All along realizing this was going to be the startup $ to get the ball rolling for the subs. and drawing off of the other bonds (which if i remember correctly, he has not claimed full ownership of as with the first Caracas Group $500M bond). Although hard to prove, the SEC clearly could financial cripple a start up co. this way and save (if they have ties to) their major interest players/brokers on Wall Street for which they appear to be looking the other way for.

OTHER COMMENTS PLEASE!!! I THINK THIS MAKES A LOT OF SENSE AND THAT STINKS IS ON TO SOMETHING. WE MAY NEED TO GIVE RPH A BREAK. IT MAY BE OUT OF HIS CONTROL.


jmoestinks
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posted December 05, 2006 17:11
--------------------------------------------------------------------------------
I'm not a stock guy, i'm into real estate but here is my pathetic shot at addind some DD to this thread instead of making fun of my boys Kevy and Jmoe. You DD guys might think its absurd or you mightmake something out of, all a shot in the dark so here you go.

Rufie said figure out why the shares of CSHD are in the Euroclear account and you will find all your answers. Here are some thoughts.

Back in the FHAL/CVSU/ and early CSHD days Rufie said they were buying up all the float. No idea how much that was but it was probably alot. Now the date on the Euroclear for submitting those shares was Oct 9th about a week before that Oct 16th deadline for the 6:1 announcement. He said that the shares would be submitted early Nov. Now if the bonds were real and the company had to prove 200 million in assests to pull money from the bonds then they could use the shares as assests. If you look at the stock price in and around the 9th it was about $2-2.40 i think. If the amount of shares submitted to Euroclear was 100 million or so (which is where my scenario might not work because I don't know if they had that many) then they could prove the 200 million in assests and be free to pull from those bonds to subsidize all the JVs rufie was bragging about. Now the SEC comes in right before the share exchange for 6:1 and shuts it down. This tanks the stock on the greys, leaves rufie and the gang with no shares and no way to pull them from Euroclear because now they can't prove the 200 million. The SEC says prove it but they can't because they don't have the assests now. This saves all the naked shorts courtesy of the SEC and leaves rufie with nothing. He can't hypothecate because he doesn't have the assests to pull from the bonds which is what we all want to see. But since the share price plunged the assests aren't woth anything close to 200 million. The SEC can now say fraud, perfect timing from them. If the SEC doesn't step in Rufie has the 200 million, can prove ownership by drawing from them, price goes up, 6:1 gets fulfilled, shorts are definitely screwed. Don't know if I have a leg to stand on here with this info but some of you DD aholics might make something out of this. Just a shot in the dark.

[Eek!] [Eek!]
Holy cow... [Eek!]

--------------------
#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!

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Mr. CATIAEngineer
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How does this ring your bell? Does this sound anything like Fronthauls business plan?

http://www.portnet.com/02news/e25112002.htm

PIL’s General Manager (Corporate Development), Mr William Tay, aptly summarised the benefits. "EZShip® has automated the process of nominating our incoming containers to the best possible connecting vessels. Of the services using EZShip®, about 75% of the containers were auto-nominated by the system, thereby reducing dwell time and satisfying our customers' need for fast and reliable connections. It has also allowed our staff more time to focus on handling the exceptional shipments and providing a personalised service to our customers," he said

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Mr. CATIAEngineer
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Ok, so thats weird. Anyone watching Standoff on Fox? One of the characters on the show this week is William Tay.....or am i hearing things? [Smile]

edit - nevermind. the character is william tate heh

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Mr. CATIAEngineer
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Ok, so if the EZship stuff doesnt ring your bell read this.

http://sec.edgar-online.com/2004/12/09/0001038838-04-001133/Section7.asp

Fronthaul was incorporated on June 9, 2004. Fronthaul is an Internet-based,
business-to-business information exchange, which provides a centralized database
of freight load information accessible by any enabled wireless device or through
the Internet. Its objective is to integrate the existing freight industry
players with wireless and Internet technologies, creating a dynamic, real time
communication exchange for the transportation industry.

http://www.portnet.com/03products/ezship.htm

-----------------

Ok, im done for now. Gonna go watch TV. IMO Bucky has a good question about Songwi and Tay was a big investor in Songwi. Oh yea, and if you DD Tay you will find that he is a wireless fanatic. GPS, WiFi...etc

Bye for now [Smile]

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user095263
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i originally DD'd Tay in July because he was the incorporator of conversion solutions...
then reDD'd him in Sept cuz he was suspected of being Tut. [Wink]


repost:

betting babe

posted 29 September, 2006 22:44

VOORHEES ACQUISITION CORP. - Mr. William Tay is our sole director, controlling stockholder and
president.


http://www.sec.gov/Archives/edgar/data/1293323/0001293323-05-000002.txt

CONFORMED SUBMISSION TYPE: 10KSB

DATE AS OF CHANGE: 20050118

VOORHEES ACQUISITION CORP
CENTRAL INDEX KEY: 0001293323
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]


Voorhees Acquisition Corp. (the "Company") was incorporated under the laws of
the State of Delaware on May 6, 2004. We were formed as a blank check company
for the purpose of seeking to complete a merger or business acquisition
transaction. ...

We will attempt to locate and negotiate with a business entity for the merger
of a target business into the Company. In certain instances, a target business
may wish to become a subsidiary of the Company or may wish to contribute assets
to the Company rather than merge. No assurances can be given that we will be
successful in locating or negotiating with any target business.

Management believes that there are perceived benefits to being a reporting
company with a class of publicly-traded securities. These are commonly thought
to include (1) the ability to use registered securities to make acquisition of
assets or businesses; (2) increased visibility in the financial community; (3)
the facilitation of borrowing from financial institutions; (4) improved trading
efficiency; (5) stockholder liquidity; (6) greater ease in subsequently raising
capital; (7) compensation of key employees through stock options; (8) enhanced
corporate image; and (9) a presence in the United States capital market.

A business entity, if any, which may be interested in a business combination
with us may include (1) a company for which a primary purpose of becoming
public is the use of its securities for the acquisition of assets or
businesses; (2) a company which is unable to find an underwriter of its
securities or is unable to find an underwriter of securities on terms
acceptable to it; (3) a company which wishes to become public with less
dilution of its common stock than would occur normally upon an underwriting;
(4) a company which believes that it will be able to obtain investment capital
on more favorable terms after it has become public; (5) a foreign company which
may wish to gain an initial entry into the United States securities market; (6)
a special situation company, such as a company seeking a public market to
satisfy redemption requirements under a qualified Employee Stock Option Plan;
or (7) a company seeking one or more of the other perceived benefits of
becoming a public company....


It is anticipated that any securities issued in any such reorganization would
be issued in reliance upon exemption from registration under applicable federal
and state securities laws. In some circumstances however, as a negotiated
element of its transaction, we may agree to register all or a part of such
securities immediately after the transaction is consummated or at specified
times thereafter. If such registration occurs, of which there can be no
assurance, it will be undertaken by the surviving entity after we have entered
into an agreement for a business combination or have consummated a business
combination and we are no longer considered a blank check company. The issuance
of additional securities and their potential sale into any trading market which
may develop in our securities may depress the market value of our securities in
the future if such a market develops, of which there is no assurance.

While the terms of a business transaction to which we may be a party cannot be
predicted, it is expected that the parties to the business transaction will
desire to avoid the creation of a taxable event and thereby structure the
acquisition in a tax-free reorganization under Sections 351 or 368 of the
Internal Revenue Code of 1986,
as amended.


Originally posted by betting babe:

william tay writes in his b log (seems to be the same guy?)


Random Acts of Kindness ? Are we missing the point?

This article may seem to speak of well-intentions at first. But once you sit down and think about it, it is a distortion. The word "Random" plays a stronger role here and the term "Kindness" is just an end-effect of the Flash mob syndrome.

Acts of kindness should be generated at the people who need it at a particular time and place.
While I agree that all parties involved, including the conduits, benefit from the overall act, I believe that the act should be dished out by a party voluntarily via a conduit (or not) to another party in need to be the recipient of that act.
The Pay-it-Forward movement can only reach a high maximization point when people give away what they dont need to the ones in need.
It doesnt matter whether it is random or intended. I can give it away to an intended charity or the next poor person I see on the street...


**************************


FIRST: The name of the corporation shall be Conversion Solutions, Inc.

SECOND: Its registered office is to be located at 25 Grey stone Manor, in the city of Lewes; County of Sussex, Delaware, 19958-9776.The registered agent is Harvard Business Services, Inc. whose address is the same as above.


THIRD: The nature of business and purpose of the organization is to engage in any lawful act or activity for which corporations may be organized under the Delaware General Corporation Laws.

FOURTII: The total number of shares of stock which the Corporation is authorized to issue is 120,000.000 shares, consisting of 100,000,000 shares of Common Stock having a par value of $.000] per share and 20,000.000 shares of Preferred Stock having a par value of $.0001 per share and to be issued in such series and to have such rights, preferences, and designation as determined by the Board of Directors of the Corporation.


FIFTH: name and address of each person who is to serve as a member of the initial board of directors is: William Tay, P.O. Box 42198, Philadelphia, Pennsylvania 19101.


SIXTH: The name and address of the incorporator is as follows: William Tay, P.O. Box 42]98, Philadelphia, Pennsylvania19]01.


SEVENTH: The Board of Directors shall have the power to amend or repeal the by-laws.

EIGHTH: stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (Hi) purnu.a."1t to Section 174 of the Delaware General Corporation Law or (iv) for any transaction from which the director derived an improper personal benefit. No amendment to or repeal of this Article Eighth shall apply to or have any effect on the liability or alleged liability of any director of the Corporation for or with respect to any acts or omissions of such director occurring prior to such amendment.

~BB [Smile]

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Mr. CATIAEngineer
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Yea, thats the stuff BB. Way to be organized...and on the ball. [Smile]

Reading that this time through i get a different feeling. I guess now that things have transpired over time....interesting. That Vorhees Aquisition Corp stuff is deep.

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frank021474
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LOL Simone! Dialing RPH and asked him how the weather was in Tahiti or Jamaica! On his voicemail...

What a tool [Razz]

--------------------
Got CSHD? Its fun

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Mr. CATIAEngineer
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Oh jeeeez that area you bolded!! Tay was advertising for someone like Rufus to come along! Rufus saw the invite and took him up on it!!

Their search criteria scream Fronthaul and Conversion solutions IMO

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user095263
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doot dee doooo

just added more to my post mrCat.

who knows, who knows... *sigh*

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Mr. CATIAEngineer
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Your Tay blew my Tay out of the water.....

hmmph...

Didnt we play this game before?

Anyway, William Tay was out shoppin for a company "project" and the Rufus / Ben show popped in it looks like. So, whats Tays agenda then. Readddddy...go!

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Mr. CATIAEngineer
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Did you see this part?

"Our management, which in all likelihood will not be experienced in matters
relating to the business of a target business, will rely upon its own efforts
in accomplishing our business purposes."

Are you kidding me? LOL

Rufus said the other night he was never "allowed" access to release filings himself. Tay holds that key maybe? Is Arlitt working with Tay? Did Tay hand that key to Arlitt?

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thecon00
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WHAT A NIGHT!

so long a time to go w nada and now we may just be putting this thing together.GREAT PROGRESS BOARD [Smile]

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a surfer
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quote:
Originally posted by Mr. CATIAEngineer:
Did you see this part?

"Our management, which in all likelihood will not be experienced in matters
relating to the business of a target business, will rely upon its own efforts
in accomplishing our business purposes."

Are you kidding me? LOL

Rufus said the other night he was never "allowed" access to release filings himself. Tay holds that key maybe? Is Arlitt working with Tay? Did Tay hand that key to Arlitt?

This could be a link that has made this transition possible.
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66inxs
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jmoestinks: "Back in the FHAL/CVSU/ and early CSHD days Rufie said they were buying up all the float. No idea how much that was but it was probably alot. Now the date on the Euroclear for submitting those shares was Oct 9th about a week before that Oct 16th deadline for the 6:1 announcement. He said that the shares would be submitted early Nov. Now if the bonds were real and the company had to prove 200 million in assests to pull money from the bonds then they could use the shares as assests. If you look at the stock price in and around the 9th it was about $2-2.40 i think. If the amount of shares submitted to Euroclear was 100 million or so (which is where my scenario might not work because I don't know if they had that many) then they could prove the 200 million in assests and be free to pull from those bonds to subsidize all the JVs rufie was bragging about. Now the SEC comes in right before the share exchange for 6:1 and shuts it down. This tanks the stock on the greys, leaves rufie and the gang with no shares and no way to pull them from Euroclear because now they can't prove the 200 million. The SEC says prove it but they can't because they don't have the assests now. This saves all the naked shorts courtesy of the SEC and leaves rufie with nothing. He can't hypothecate because he doesn't have the assests to pull from the bonds which is what we all want to see. But since the share price plunged the assests aren't woth anything close to 200 million. The SEC can now say fraud, perfect timing from them. If the SEC doesn't step in Rufie has the 200 million, can prove ownership by drawing from them, price goes up, 6:1 gets fulfilled, shorts are definitely screwed. Don't know if I have a leg to stand on here with this info but some of you DD aholics might make something out of this. Just a shot in the dark."

this agrees with what i've though for a long time. rufus gambled that the stock price would rise rapidly and stay up long enooough for him to cash out around 200m. they didn't and the sec stepped in as you said with perfect timing. no money now can't follow through, game over imho.

--------------------
I'm from Missouri - Show Me!

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thecon00
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BY THE WAY, if we are even close to being right and big money has been behind this all along....

we got nuthin to worry about in the long run imho [Smile]

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a surfer
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someone PM'ed jmoe's post to Simon....
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