posted
i agree with that CRab, but the financials seem to show representations of management rather than fact, like the accrual of 19 million dollars a/r. to me, this is probably invalid. if the sec says so that is grounds to go after the cpa's. a material misrepresentation of a known fact that was relied on and caused injury. jmho.
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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quote:Originally posted by Bo Gusman: Has anyone done a search on John Arlitt in google using groop search there is some interesting things there in newsgroups like misc.invest.canada Check it out
Can you cut & paste it here? Thanks...
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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William Tay appears to be responsible for "organizational startup" of Conversion Solutions
- There are apparently 2 William Tay's, one from Singapore and the other the US
- Singapore Tay is a software developer with Microsoft Corp weighing in heavy on his resume. Doesnt look like our Tay however
- US Tay had a "blank check" company called Voorhees. That company seemed to be searching out a private company interested in a reverse shell merger with a public company
- William Tay buys 22,890,000 shares.....from Rufus? It says Tay is the CEO but he is buying shares from Rufus? I dont follow that
"On April 22, 2005 Mr. William Tay, President & CEO and the Majority shareholder entered into a Stock purchase agreement with Rufus Paul Harris, CEO of Waatle Holdings Corp for the purchase of his 22,890.000 shares, the agreement had an original closing date of May 4, 2005. Thru a contract extension the closing date was moved to June 7, 2005. On June 7, 2005 all closure documents were finalized."
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
So what have we figured out? Conversion needs 200 million in assets which it does'nt have just to use a bond? And the Tay guy started this whole pile of $hit for a business?
Posts: 957 | Registered: Jun 2006
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quote:Originally posted by Mr. CATIAEngineer: So, let me try to recap from last night.
William Tay appears to be responsible for "organizational startup" of Conversion Solutions
- There are apparently 2 William Tay's, one from Singapore and the other the US
- Singapore Tay is a software developer with Microsoft Corp weighing in heavy on his resume. Doesnt look like our Tay however
- US Tay had a "blank check" company called Voorhees. That company seemed to be searching out a private company interested in a reverse shell merger with a public company
- William Tay buys 22,890,000 shares.....from Rufus? It says Tay is the CEO but he is buying shares from Rufus? I dont follow that
"On April 22, 2005 Mr. William Tay, President & CEO and the Majority shareholder entered into a Stock purchase agreement with Rufus Paul Harris, CEO of Waatle Holdings Corp for the purchase of his 22,890.000 shares, the agreement had an original closing date of May 4, 2005. Thru a contract extension the closing date was moved to June 7, 2005. On June 7, 2005 all closure documents were finalized."
It reads to me that Rufus was buying Tay's shares
Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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quote:Originally posted by 6digits: So what have we figured out? Conversion needs 200 million in assets which it does'nt have just to use a bond? And the Tay guy started this whole pile of $hit for a business?
It looks like Tay is a "deal maker" of sorts. He knew about the tax free "reorganization" loophole under section 368 of the IRS code of 1986 and seems to have targetted companies to use this option.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
New2, i think you are right. So, does this mean that Tay setup the merger and then sold the Conversion Solutions shell to Rufus? This would mean that Tay moved on in April and potentially has no position whatsoever in the company today.
If this is the case, Tay is a dead end trail (again). Maybe go back a step further, when waatle was founded.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
Mr.Catia, the point i'm trying to solidify right now is that we need the 200 mil to have a bond. Does anybody have a link to that requirement?
Posts: 957 | Registered: Jun 2006
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posted
I don't think you "need" 200 mil to have a bond - I think you have to have 200 mil in assets to open a Euroclear account at all....board, am I wrong?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Ahh, the jmoe stuff? I heard that was sent to Simon on SPR last night. Anyone hear that discussion?
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
I believe you are correct. That is one of 4 requirements. All 4 have to be met.
quote:Originally posted by SherriT: I don't think you "need" 200 mil to have a bond - I think you have to have 200 mil in assets to open a Euroclear account at all....board, am I wrong?
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
St. Matthew Posts: 885 | From: Dallas, Texas | Registered: Sep 2006
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quote:Originally posted by St. Matthew: I believe you are correct. That is one of 4 requirements. All 4 have to be met.
quote:Originally posted by SherriT: I don't think you "need" 200 mil to have a bond - I think you have to have 200 mil in assets to open a Euroclear account at all....board, am I wrong?
I am being naive again, but I still have issue with the fact that we were able to open a Euroclear account, so we obviously have SOMETHING good, if nothing more than 200 mil...why is this so _____ difficult to prove to the SEC?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
So since CSHD has a euroclear account the requirements were met at the time it was established? What i'm trying to figure out here is if we have a chance in hell that this business plan can work. Rufus goes back and forth and no one else is talking about much.
Posts: 957 | Registered: Jun 2006
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posted
St Matt, Duwayne looks to be the guy behind InfinityOne. The other 2 are a mystery so far.......
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
Waatle was incorporated in Arizona as a "diversified holdings" company on June 17, 2004, with Paul D. Potter of Gilbert, Ariz., in the role of statutory agent and Mr. Harris of Adairsville, Ga., as the chief executive officer.
Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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"Most of these fictitious obligations, on their face, refer to the Ministry of Finance of the United States and the Washington Bank of America. There never was a Ministry of Finance of the United States and to the best of our knowledge, the Washington Bank of America is non-existent. When confronted with this information, fraud artists still fall back on the "CIA did it and didn't tell anyone" routine. The visual appearance of a registered or bearer Treasury security is considerably different from so-called United States Dollar Bonds. "
I dont know if it means anything but its all i can find on Brian. Gotta get some work done.....
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
I dont know if anyone has read this. Its a very detailed breakdown of CSHD events. I post this not knowing where the guy got his facts so take it for what its worth. Its not a positive look into things so if you arent interested in Anti-cshd material do not read it.
posted
New2 found this yesterday...I absorbed what I could, but look who it is written by...
New2 is great at digging this stuff up...thanks New2
quote:Originally posted by Mr. CATIAEngineer: I dont know if anyone has read this. Its a very detailed breakdown of CSHD events. I post this not knowing where the guy got his facts so take it for what its worth. Its not a positive look into things so if you arent interested in Anti-cshd material do not read it.
quote:Originally posted by St. Matthew: New2 found this yesterday...I absorbed what I could, but look who it is written by...
New2 is great at digging this stuff up...thanks New2
quote:Originally posted by Mr. CATIAEngineer: I dont know if anyone has read this. Its a very detailed breakdown of CSHD events. I post this not knowing where the guy got his facts so take it for what its worth. Its not a positive look into things so if you arent interested in Anti-cshd material do not read it.
posted
Mr. CATIA......I believe in giving credit where credit is due..... As such, my recognition is that it was you, T.B., Cassity, B.B., and Surfer that asked were asking the questions last evening about songwi and waatle and Mr. Tay, etc......(apologies if I left out anyone as I just went through the last three pages pretty quickly to get caught up)....All I did was to post an observation about the websites, which appears to have provided you the spark to begin some good thought and your probing queries..... It was y'all that started DDing and posting your findings and reasoning that resulted in some good questioning being performed...Your efforts last evening is why I like the Allstocks threads on CSHD and the resulting good DD is what I expect to be able to review when I log on to this site....GOOD JOB folks. ........
quote:Originally posted by Mr. CATIAEngineer: Ok, so if the EZship stuff doesnt ring your bell read this.....(portion of text edited out for sake of brevity).... 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
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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