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Author Topic: CSHD appoints a new CEO...
Jenna
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quote:
Originally posted by got2hvfaith:
quote:
Originally posted by Jenna:
Hey- anyone know which hotels are good to stay at in Vegas?

The Luxor and New York are nice. If you go on hotels.com and pull up Vegas they give you the prices and location to the strip. [Smile]
Thanks- thinking about going in Feb.....

--------------------
..just remember....Family is EVERYTHING!!

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T e x
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quote:
Originally posted by frank021474:
Tex:

This is what we were discussing (from SherriT letter to congressman) the other night.

During the "hearing" held on oct 25th I believe the TRO could have included ceasing the operations of the company during this time if CSHD would not have submitted adequate evidence on this date.

That is not to say they are vindicated- just that they must have showed the court SOMETHING in order to keep the doors open and RPH not to be forced into stepping down. When I say shut the doors- it doesn't mean close the company down, I am merely talking about freezing the company while its determined if its 100% fraud or not.


[PASTE]
On October 25, 2006, the court held a hearing on the Commission's motion for emergency relief. Conversion Solutions's officers Rufus Harris, Sabra Dabbs, and Benjamin Stanley attended the hearing, and were allowed by the judge to speak on behalf of Conversion SOlutions and submit several items of documentary evidence to the court. Following the hearing, Judge Clarence Cooper granted the Commissions's motion for a temporary restraining order and other equitable relief. The next day, on October 26, 2006, the Court issued a written order memorializing that decision.

On November 7, 2006, the Court issued preliminary injunctions as to both Mr. Harris and Conversion Solutions. In granting the preliminary injunctions, the Court noted that Mr. Harris had consented to the issuance of the injunction and that Conversion Solutions, through its tehn-CEO, Michael Alexander, had indicated that it did not oppose the issuance of the injunction.
[END PASTE]

nope...

court was not asked to freeze anything or seize anything. The "something" you're hoping for simply doesn't exist. That's just not the way things work...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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St. Matthew
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Updated from the cvsu.us - JV's and Subs page.

JV, Subsidiaries and Potential Subsidiaries

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 .

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

From the Songwi.com - Conversion Solutions - Future Projects page

1. National Education Facilities and Standardized Studies Reform Program, Head-start through University

Building an alternative nationwide education system, including structures, teachers and curriculum, where each child gets exactly the same first class education as the next child no matter which city he or she resides in at no cost to the child, parents or government division.

2. Research Program for Developing a Viable High-speed Commercial Ground Transport System to Replace the Antiquated System of Railroads

Development of a 500 mph electrically powered ground transport ( Cobra Air Train ) system to replace all commuter trains and to compete with less energy efficient and polluting commercial aircraft. Secondarily, development of a heavy lift transport to replace all cargo-carrying railroad trains in the United States of America. Tertiarily, develop and implement a light cargo transportation system to replace most of the semi-truck traffic on the nation’s interstate highways.

3. Coastal Seas Electrical Energy Generation Program

Building and installing a series of nuclear powered electrical generation platforms, on the ocean floor, that will produce clean safe electrical energy for Southern California, the Gulf Coast and Eastern Seaboard of the United States; The goal is to supply 55 million homes with electrical energy and retire as many oil and coal fired electrical generation plants as possible and eliminate the troublesome brownouts that are experienced by both coasts.

4. Research and Development Program to Design and Build an Alternative Fuel Fleet Vehicle with Standardized Refueling System and Related Infrastructure

Development and building of vehicles usually purchased in quantity for a specific purpose that will utilize only alternative fuels such as; police cruisers, ambulances, interagency motor pool vehicles, fire trucks, etc. Development and implementation of a simple efficient refueling system for these, and possibly other, alternative fueled vehicles that will be available nationwide.

5. Research and Development Program for designing “The New Navy’s” next Generation Ship Configuration and Propulsion System

Development of three minimal-crew, composite, bi-hulled, assault/screening vessel classifications for the New United States Navy; These ships will be equipped with a next generation underwater propulsion system which will allow the vessel to attain very high speeds on the water and meet today’s and tomorrow’s threats with minimal service people at risk.

6. Downtown Tempe, Arizona Business District Revitalization Program Utilizing Planned Recreation/Retail Commerce Zones

Building a state-of-the-art Iron Ride Park on city property to enhance the synergy and retail traffic flow to the Tempe Town Lake and River Walk Recreation/Retail Commerce Zones. Secondarily, buyout and complete construction of Phases l, 2, 3 and 4 of the Lakeside Commercial Development as a cyclical to the three above mentioned Recreation/Retail Commerce Zones cumulating in longer customer visits and vacations to the area.

7. Mississippi River Flood Water’s Diversion and Drought Remediation Program

Transporting potential floodwaters from the Mississippi River Flood Basin, via large canals, to lakes and reservoirs throughout the states of Texas, New Mexico and Arizona before the river rises to flood stage.

8. First Response Oil Spill and Coastline Reclamation and Oil Remediation Program

Build a flotilla of ships fitted with oil skimming equipment and capture tanks to reclaim oil spills at sea. Additionally, ocean-to-beach running hovercrafts fitted with solvent injected earth tumbling machines that will process shoreline sand/soil/rocks, reclaim the spilled oil and return the shoreline back to pre-spill condition.

9. Research and Development Program for Building an Alternative Energy Fueled Commercial Commuter Aircraft

Development of a viable commercial aircraft that is powered by a non-polluting alternative fuel source.

10. Programs to Build and Operate a Radioactive Materials and Atomic Waste Reclamation and Disposal Facility

Build and operate, in a remote location, a radioactive materials and atomic waste reclamation/remediation and disposal facility.

Coincidence...I think not!

If you have not seen this website...I suggest you check it out...it's very impressive....and it's got CSHD written all over it!

--------------------
"If you go the Extra Mile there will be no Traffic Jams".

St. Matthew

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TaxBack04
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OT: Jenna ~ stayed at New York a few years ago. Rooms were pretty nice, a bit small but more than what I needed. I was there three days, and the sheets were never turned back once. Cleaned up at the Craps tables. (Boy that sounds wierd reading back over that!) Like the fact that the tram connects New York to several other casinos. I did take time out to ride the roller coaster on the roof. (Wish I hadn't. j/k They compted me the ticket. Anyone with a death wish should get their body weight up to about 240lbs. and ride that coaster. If you don't fall off the roof, you at least die of a good heart attack.)

Above all enjoy your trip and treat your money there just like you would a penny stock here, and you will be fine. [Smile]

TB

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66inxs
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st. matthew, what is the point of posting that?

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

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66inxs
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jenna try the luxor pyramid. just a tramride to excalibur cross the street to nyny and the tram is right there at mgm grand for the rest of the strip. luxor is a class act imho.

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

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St. Matthew
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The statement of "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." is new...is it not?!? Doesn’t matter…not really my point.

The Subs and JV's (currently) listed on the cvsu.us website have nothing in common with that (mission) statement. The Subs and JV's (currently) listed on the cvsu.us website are not what they are looking to fund...It's the Future Projects on the Songwi.cim website that they are looking to fund. This is why people who seemed to be in the know-boat hinted that this was much bigger than we realize.

It has been rumored (I even theorized, but have not said anything at the risk of sounding like I was drinking too much kool-aide) that Rufus put those there to fool the shorts, but I had nothing substantial to go on. You have to admit that the JV's and Subs listed on the cvsu.us website never had you turning cartwheels. We were all saying and / or thinking..."what's the big deal about these companies?" Hell…we could not find info on half of them.

Take a look at the songwi.com website. It’s basically the Conversion Solutions website…only 10 times better. Very professionally done. Why was it hiding under the songwi.com name?


quote:
Originally posted by 66inxs:
st. matthew, what is the point of posting that?


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66inxs
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it is probably hiding under the songwi.com because rufus still has control over it and it doesn't have anything to do with cshd. it is a nice dream and a nice presentation but the reality so far has proven to be very different. all show and no go !! you have been around this stock a long time. where do you honestly think it is going to end up?

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

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Mr. CATIAEngineer
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quote:
Originally posted by SherriT:
quote:
Originally posted by Mr. CATIAEngineer:
quote:
Originally posted by SherriT:
LOL Jenna - we are now sharing brainwaves!

Theres not enough to go between ya! [Big Grin]
Low blow Cat! I can hold my own...didn't get a degree in C.S. and Statistics on my looks [Big Grin]
I concede [Big Grin]
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66inxs
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no pumping or bs either st matthew. if i was your brother what you advise me to do with this stock? hold, buy more, or sell out?

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

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Mr. CATIAEngineer
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quote:
Originally posted by 66inxs:
it is probably hiding under the songwi.com because rufus still has control over it and it doesn't have anything to do with cshd. it is a nice dream and a nice presentation but the reality so far has proven to be very different. all show and no go !! you have been around this stock a long time. where do you honestly think it is going to end up?

Well....the moon....of course LOL
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a surfer
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quote:
Originally posted by 66inxs:
no pumping or bs either st matthew. if i was your brother what you advise me to do with this stock? hold, buy more, or sell out?

If you were already in I would say hold.

In a few days I might say buy more....

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frank021474
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quote:
Originally posted by Jenna:
Hey- anyone know which hotels are good to stay at in Vegas?

I always stay at NY NY- good times and a good fun piano bar downstairs!

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

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frank021474
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quote:
Originally posted by T e x:
quote:
Originally posted by frank021474:
Tex:

This is what we were discussing (from SherriT letter to congressman) the other night.

During the "hearing" held on oct 25th I believe the TRO could have included ceasing the operations of the company during this time if CSHD would not have submitted adequate evidence on this date.

That is not to say they are vindicated- just that they must have showed the court SOMETHING in order to keep the doors open and RPH not to be forced into stepping down. When I say shut the doors- it doesn't mean close the company down, I am merely talking about freezing the company while its determined if its 100% fraud or not.


[PASTE]
On October 25, 2006, the court held a hearing on the Commission's motion for emergency relief. Conversion Solutions's officers Rufus Harris, Sabra Dabbs, and Benjamin Stanley attended the hearing, and were allowed by the judge to speak on behalf of Conversion SOlutions and submit several items of documentary evidence to the court. Following the hearing, Judge Clarence Cooper granted the Commissions's motion for a temporary restraining order and other equitable relief. The next day, on October 26, 2006, the Court issued a written order memorializing that decision.

On November 7, 2006, the Court issued preliminary injunctions as to both Mr. Harris and Conversion Solutions. In granting the preliminary injunctions, the Court noted that Mr. Harris had consented to the issuance of the injunction and that Conversion Solutions, through its tehn-CEO, Michael Alexander, had indicated that it did not oppose the issuance of the injunction.
[END PASTE]

nope...

court was not asked to freeze anything or seize anything. The "something" you're hoping for simply doesn't exist. That's just not the way things work...

Ok so no matter how blatent a fraud is that the SEC stumbles upon you are suggesting that nobody (court or SEC) can do anything to immediately protect the investors.

Good to know I suppose [Wink]

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

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66inxs
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you have a good point surfer. after the big drop, it is probably right just to hold and tack the cert to the bulletin board for a while. i think it is too risky to flip right right now - not enough movement and it may be revoked but that is supposition. no one knows right now. jmho. a few more days should tell the whole story.

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

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humble
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quote:
Originally posted by a surfer:
quote:
Originally posted by 66inxs:
no pumping or bs either st matthew. if i was your brother what you advise me to do with this stock? hold, buy more, or sell out?

If you were already in I would say hold.

In a few days I might say buy more....

For me personally, this is an attractive stock and price based on the upside potential and probability of success as I see it.

Investing is and always will be about risk versus reward. Based on what we can touch and feel right now, odds seem to be that CVSU will revive itself and take a shot at putting their business plan into action. When that will happen and to what degree is another subject altogether.

True, there is an SEC investigation and management shakeup. However, there is also the Euroclear account and by all indications there are assets there that CVSU can access and leverage. In fact, the information regarding the establishment of a Euroclear account is more conclusive and verifiable than anything coming from the SEC investigation. That information points to a legitimacy in CVSU that somehow has gained it access to some pretty big assets.

So this might be a nice place for a prudent amount of your pennyland money based on your particular circumstances and if you believe the weight of the Euroclear DD is stronger than the probability that the SEC will literally drive this company into non-existence. That is your decision.

And by the way, CVSU is not the only entity being investigated. The Congressional interviews of the SEC folks related to the John Mack case ended with some pretty harsh criticism of the SEC's enforcement division and the promise from one Senator that "we are not through with this yet."

... In My humble Opinion

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66inxs
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humble you are dead on about the fact that investing is and always will be about risk versus reward. and that can be a very personal thing. last night's discussion proved how effective posting dd could be in helping people keep up with what is going on. let's see what happens because i read on hsm that the attorney wasn't hired to deal with the sec but with rufus. the sec has the upper hand and how they play it will prove the future of the stock. if it starts moving again on solid ground, i will be right it there with you making money with this stock. like catia and surfer said.. in a few days!!!

posting meaningless pumps won't help anybody right now imho. let's keep focused on the facts and not diversions.

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

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T e x
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quote:
Originally posted by frank021474:
quote:
Originally posted by T e x:
quote:
Originally posted by frank021474:
Tex:

This is what we were discussing (from SherriT letter to congressman) the other night.

During the "hearing" held on oct 25th I believe the TRO could have included ceasing the operations of the company during this time if CSHD would not have submitted adequate evidence on this date.

That is not to say they are vindicated- just that they must have showed the court SOMETHING in order to keep the doors open and RPH not to be forced into stepping down. When I say shut the doors- it doesn't mean close the company down, I am merely talking about freezing the company while its determined if its 100% fraud or not.


[PASTE]
On October 25, 2006, the court held a hearing on the Commission's motion for emergency relief. Conversion Solutions's officers Rufus Harris, Sabra Dabbs, and Benjamin Stanley attended the hearing, and were allowed by the judge to speak on behalf of Conversion SOlutions and submit several items of documentary evidence to the court. Following the hearing, Judge Clarence Cooper granted the Commissions's motion for a temporary restraining order and other equitable relief. The next day, on October 26, 2006, the Court issued a written order memorializing that decision.

On November 7, 2006, the Court issued preliminary injunctions as to both Mr. Harris and Conversion Solutions. In granting the preliminary injunctions, the Court noted that Mr. Harris had consented to the issuance of the injunction and that Conversion Solutions, through its tehn-CEO, Michael Alexander, had indicated that it did not oppose the issuance of the injunction.
[END PASTE]

nope...

court was not asked to freeze anything or seize anything. The "something" you're hoping for simply doesn't exist. That's just not the way things work...

Ok so no matter how blatent a fraud is that the SEC stumbles upon you are suggesting that nobody (court or SEC) can do anything to immediately protect the investors.

Good to know I suppose [Wink]

lol, suspension, greys, TROs, injunctions...you call that nothing? [Razz]

Perhaps you'd prefer the "old days," when SEC would issue serial suspensions...for months or even years? No hearings, no court, no nothing except another suspension tacked on once the preceding suspension ended? Talk about leaving shareholders in the dark... [Eek!]

And, ya, emergency seizures can occur: remember, I provided a link to one the other day? China Energy, as I recall...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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cassity
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quote:
Originally posted by humble:
quote:
Originally posted by a surfer:
quote:
Originally posted by 66inxs:
no pumping or bs either st matthew. if i was your brother what you advise me to do with this stock? hold, buy more, or sell out?

If you were already in I would say hold.

In a few days I might say buy more....

For me personally, this is an attractive stock and price based on the upside potential and probability of success as I see it.

Investing is and always will be about risk versus reward. Based on what we can touch and feel right now, odds seem to be that CVSU will revive itself and take a shot at putting their business plan into action. When that will happen and to what degree is another subject altogether.

True, there is an SEC investigation and management shakeup. However, there is also the Euroclear account and by all indications there are assets there that CVSU can access and leverage. In fact, the information regarding the establishment of a Euroclear account is more conclusive and verifiable than anything coming from the SEC investigation. That information points to a legitimacy in CVSU that somehow has gained it access to some pretty big assets.

So this might be a nice place for a prudent amount of your pennyland money based on your particular circumstances and if you believe the weight of the Euroclear DD is stronger than the probability that the SEC will literally drive this company into non-existence. That is your decision.

And by the way, CVSU is not the only entity being investigated. The Congressional interviews of the SEC folks related to the John Mack case ended with some pretty harsh criticism of the SEC's enforcement division and the promise from one Senator that "we are not through with this yet."

... In My humble Opinion

Nice post Humble! [Smile]

--------------------
www.air1.com

www.klove.com

-Cassity

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T e x
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Humble posts:

"However, there is also the Euroclear account and by all indications there are assets there that CVSU can access and leverage."

"all indications"? Please explain. Seems the "Euroclear angle" always traces to the twice-ousted, former CEO. . .

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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6digits
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66 the attorney may have been hired for Rufus and not for the SEC, because they are our friends. J/K


quote:
Originally posted by 66inxs:
humble you are dead on about the fact that investing is and always will be about risk versus reward. and that can be a very personal thing. last night's discussion proved how effective posting dd could be in helping people keep up with what is going on. let's see what happens because i read on hsm that the attorney wasn't hired to deal with the sec but with rufus. the sec has the upper hand and how they play it will prove the future of the stock. if it starts moving again on solid ground, i will be right it there with you making money with this stock. like catia and surfer said.. in a few days!!!

posting meaningless pumps won't help anybody right now imho. let's keep focused on the facts and not diversions.


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66inxs
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i think the lawyer may have been hired because rufus did not turn over the files and computers when they came for them. look on hsm and see what they come up with because they are discussing this right now. fireopal posted that about the lawyer. said she called the law firm.

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

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thecon00
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a surfer
someone PM'ed jmoe's post to Simon....

what were the results or opinions on this?????


--------------------------------------------------------------------------------
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.


a surfer
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posted December 05, 2006 21:14
--------------------------------------------------------------------------------
someone PM'ed jmoe's post to Simon....

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MoneyMoneyMoney
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Wow, ya'll are considering buying MORE?????? Crazy, crazy. For all you newbies I'm considering selling and DON'T recommend buying this crap. Theres far better than this stock!!! Lie's upon lie's. Where's my free 6:1 shares??? Where's the $15 pps??? Where's my $1000 invested (price dropped like crazy without even giving us a chance to sellout but someone did)??? Where's the bonds to bring the pps back up???

LIES LIES LIES

Stay away as NO one knows whats going on behind the scenes!!!

Was supposed to be a month ago, then 2 wks later, then next Mon, then the next Mon, and now 2wks from now and then next Mon, then 2 months from now, oh wait, maybe next year, LOL, whatever...

--------------------
I buy fast and sell faster!

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66inxs
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good post imho moneyx3. lets shoot it straight for the newbies. i'll cosign your post big time.

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trade04
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we're going ...going back-back to ...dollars, dollars
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66inxs
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really, trade04? show me!

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I'm from Missouri - Show Me!

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SherriT
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quote:
Originally posted by T e x:
Humble posts:

"However, there is also the Euroclear account and by all indications there are assets there that CVSU can access and leverage."

"all indications"? Please explain. Seems the "Euroclear angle" always traces to the twice-ousted, former CEO. . .

Well, the only thing I can say about this is maybe Rufus is the one with the codes, but Conversion Solutions is the name on the account, not Rufus Paul Harris. That means at least 200 mil of SOMETHING...better than a lot of pennys.

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Study before you buy, Sell before you think about it....

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SherriT
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quote:
Originally posted by Mr. CATIAEngineer:
quote:
Originally posted by SherriT:
quote:
Originally posted by Mr. CATIAEngineer:
quote:
Originally posted by SherriT:
LOL Jenna - we are now sharing brainwaves!

Theres not enough to go between ya! [Big Grin]
Low blow Cat! I can hold my own...didn't get a degree in C.S. and Statistics on my looks [Big Grin]
I concede [Big Grin]
It WAS funny though [Wink]

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Study before you buy, Sell before you think about it....

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10of13
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Does he sound a little pissed? yeah...just a little...BUT...
he has been in and he lost some of his profits...not his capital...he played it the best he could... [Wink]
He is 100% right...NO newbie should even think of entering this...
6 months from now IF by some miracle it is trading on a normal exchange? Think about it but NOT NOW!

quote:
Originally posted by MoneyMoneyMoney:
Wow, ya'll are considering buying MORE?????? Crazy, crazy. For all you newbies I'm considering selling and DON'T recommend buying this crap. Theres far better than this stock!!! Lie's upon lie's. Where's my free 6:1 shares??? Where's the $15 pps??? Where's my $1000 invested (price dropped like crazy without even giving us a chance to sellout but someone did)??? Where's the bonds to bring the pps back up???

LIES LIES LIES

Stay away as NO one knows whats going on behind the scenes!!!

Was supposed to be a month ago, then 2 wks later, then next Mon, then the next Mon, and now 2wks from now and then next Mon, then 2 months from now, oh wait, maybe next year, LOL, whatever...



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

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T e x
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quote:
Originally posted by thecon00:
a surfer
someone PM'ed jmoe's post to Simon....

what were the results or opinions on this?????


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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.


a surfer
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posted December 05, 2006 21:14
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someone PM'ed jmoe's post to Simon....

in this scenario, the "biz plan" is to acquire assets based on a future, higher pps...driven higher by claiming ownership of said assets...before owning them?

Am I reading that right?

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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10of13
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Tex? the way that I understand it..."it" is very costly to "draw down" on the bonds..and you need to have the assets/$ before hand...YOU can't say...give me a million and keep 200k for the transaction fee...type thing.

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MoneyMoneyMoney
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Yep, just a lil 10! But thanks to you I learned alot about flipping on the IGAI stock in which we still flip at times [Wink] .

As far as the "theories", I LMAO while rolling on the floor...

DD all ya'll want but it won't help the pps grow a 1000%.

Enough is enough and IMO it won't recover. Good luck with this one all.

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I buy fast and sell faster!

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T e x
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quote:
Originally posted by 10of13:
Tex? the way that I understand it..."it" is very costly to "draw down" on the bonds..and you need to have the assets/$ before hand...YOU can't say...give me a million and keep 200k for the transaction fee...type thing.

but to have your plan dependent on a certain, higher pps? Would you buy XYZ based on such a PR?

"XYZ announces huge return for shareholders, as long as enough shareholders buy stock and hold, so we can leverage the higher share price."

Back to the case at hand...did any PRs/company info ever mention "costly to draw down" as a possible impediment? I thought everything was always, "we've got this, we've got that, no problem, it's a slam dunk."

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Jenna
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quote:
Originally posted by MoneyMoneyMoney:
Yep, just a lil 10! But thanks to you I learned alot about flipping on the IGAI stock in which we still flip at times [Wink] .

As far as the "theories", I LMAO while rolling on the floor...

DD all ya'll want but it won't help the pps grow a 1000%.

Enough is enough and IMO it won't recover. Good luck with this one all.

You are absolutely right except I think we are holding out for one teeny tiny bit of hope...which is getting an MM.....(I said teeny tiny).....

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