I understand that Euroclear does do settlement of securities but what settlement is neccessary if the securities are traded in the US and settled by the DTC.
Don't get me wrong. They are a lot of problems with this stock. I'm just stating that more is to be determined and seen. As far as we know, CSHD has agreed to and signed a document stating they will not break any SEC rules and are now working to resolve the matter with the SEC. Other than that everything is still in a very gray area, pun intended.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by frank021474: For anyone who knows bonds-
If RPH is listed in the contracts as being the "Trust Manager" how does that affect the assets with or without him in the picture?
Is that transferable? Revocable?
I really don't know how it affects the bonds since I'm far from an expert on bonds. I stated before that I believed some legal action would be neccessary in order for John Arlitt to gain control of CSHD's assests. The more I think about the attorney's that were hired the more I am inclined to believe that they were hired for this reason and not to represent the company in court of with the SEC. Of course this is just my opinion.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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I understand that Euroclear does do settlement of securities but what settlement is neccessary if the securities are traded in the US and settled by the DTC.
Don't get me wrong. They are a lot of problems with this stock. I'm just stating that more is to be determined and seen. As far as we know, CSHD has agreed to and signed a document stating they will not break any SEC rules and are now working to resolve the matter with the SEC. Other than that everything is still in a very gray area, pun intended.
GLTA Wally
I'm still boning up on Euroclear, Wally--my main point is I don't believe the company was ever granted any sort of member/participant status that would require $200m/strict scrutiny, etc... Those members/participants are heavy hitters, again, analagous to the DTCC nexus...
I understand there seems to be some sort of bonds listed in their system, but I haven't seen anything I'd call credible that verifies RPH's claims.
I even wonder which company's bylaws are in effect: Filings are still under "Furia," right?
posted
What does it actually take to change the filings from Furia to Conversion Solutions? Would the SEC have any say so? Since so much else has been discussed at length, I'd like to go off on this tangent if for nothing more than to increase education of how it works.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by wallymac: What does it actually take to change the filings from Furia to Conversion Solutions? Would the SEC have any say so? Since so much else has been discussed at length, I'd like to go off on this tangent if for nothing more than to increase education of how it works.
GLTA Wally
As I recall, SEC involvement--in a *typical* rm--is pretty limited...hence the allure. That is, the normal reviews and initial stock registration are bypassed because the "shell" company has already completed that process. Once the rm is done, there's a time period for filing a new 8-K, with all pertinent details. Registered shares already trading simply keep trading...but any newly issued shares go through the registration process (SB1 or 2, I think...).
Now, in this case, I suspect *all* filings would have to be brought up to date, and *then* the S-4 would follow.
That's my "nutshell," off-the-cuff recollection...
wouldn't surprise me too much if the merger is called off, or at least postponed: Didn't the company release a filing under Alexander, in which he checkmarked the line about "no material difference in finances" during the past fiscal year? That sure rings a bell...if so, wouldn't that indicate "status ante," ie, FHAL simply had a name/ticker change?
quote:Originally posted by bethbeth1: Glassman thank you for the responce.
I am very aware that in life we don't have do-overs. What I fail to understand is as follows. Why is it so many people here failed to listen to the warnings of so many other media outlets of CSHD. They were deemed as bashers, but turned out to be correct at the end.
I've seen many messages posted, by memebers here saying saying "Why should we listen to you when you havent provided DD" Turns out that some of the KEY DD was false which was told to the CSHD cult times after times before the SEC halted trading.
Please provide the links that prove KEY DD, was false. Last I looked their had not been a determination of fraud by the court of the SEC. The SEC is alleging fraud, I'm not saying that ultimately it could prove true but as they say the jury is still out.
Secondly the stock is still trading albeit on the gray sheets but enforcement, if they had been able to prove their allegations would have already put the company in receivership.
If CSHD has no assests, how were they able to open a Euroclear account that requires $200 million in assests. There is a lot more here than any of us know. Would I recommend anyone to buy at this point? He77 no. There is still too much unknown and the ability to sell a position is not liquid.
If I had known that the SEC was going to step in and delist it would I have done anything different? Yes, I would have sold and waited for the dust to settle to reenter. Unfortunately very few are privy to SEC actions before they are taken.
The "CULT" as you call it are many people who believed that they had found a a stock that could change their lives. They had a dream and followed it. Some may have been more adamant than other's in defending their dream but that does not make them ignorant or clueless. There are many here on this thread that for quite sometime have stated that they had made money on this play and held shares to see what the final outcome would be.
Following this stock has been very educational in many respects. Through the DD done on this board we have learned quite a bit about the Euroclear system and the bond market. There is still much to be learned about both. We have also found that a group of individuals willing to share DD can accomplish much without verbal warfare. Go back to the old threads and you will find threads of discussion and DD where there were no personal attacks. It was all about the stock. That's what I enjoyed the most and hope that the same effort can be recreated in other stocks in the future.
I, for one will await the final outcome. The one where a court of law makes a determination of fact or the SEC shuts down the company or that the company shows proof that what they have claimed is real and that it can go forward.
As for Basher's, whether media or poster's, if they truly had the interest of the investor's in mind they would present the facts in a non confrontational manner. It's very diffcult to convince anyone they are wrong when you start out calling them ignorant dummies, stereotyping and grouping them as the "CULT" and protraying them as blind mindless drones. Could there have been another agenda? I will leave that up to the individual to decide. There are 2 sides to every story and usually the truth lies somewhere in between since bias always plays into it. I believe the truth here will also lie somewhere in between the claims of the company and the claims of the media and SEC.
GLTA Wally
Wally thank you for your responce. You mentioned learning alot about the Bond market, but was it worth losing taking profit as high as 4.00 a share? How many pennnystocks have done the same exact thing that CSHD has done? Why is it that people fail to understand that ALL companies who get listed in this exchange only do so to raise capital.
Paul Rufus harris was a to this day is a fraud. Everyone believed in a perfect stranger and they paid for it with there account value. Wally I have done some research on you and it seem this isn't you first "failed dream" Weren't you in the CMKX scam also? Or was it QBID? Maybe it was both.
Stocks like these prove that Daytrading is the Best way to get rich in this market. If CSHD was a company which had everything they said they had, then why did they wait the last second to do everything? Why is it Rufus mentioned on Subpennyradio that CSHD shareholders will receieve a NOBO list daily?
He is a man who knows how to take advantage of the Cults emotions and honestly the SEC took advantage of his. He believe he could out smart the SEC, but all he did was make himself a target on the Cults hitlist. Rufus mentioned that they owned those bonds, but when the SEC investigated it turned out they didn't. Well not as much as they said they did.
So wally there is no responce needed to my post. Just rest assure that Rufus is somewhere spending his CSHD diluted shares as you try to find the next best thing. Very said to see but wally you have no luck with stocks at all. Weren't you in WFTV also?
Posts: 18 | Registered: Nov 2006
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quote:Originally posted by bethbeth1: Glassman thank you for the responce.
I am very aware that in life we don't have do-overs. What I fail to understand is as follows. Why is it so many people here failed to listen to the warnings of so many other media outlets of CSHD. They were deemed as bashers, but turned out to be correct at the end.
I've seen many messages posted, by memebers here saying saying "Why should we listen to you when you havent provided DD" Turns out that some of the KEY DD was false which was told to the CSHD cult times after times before the SEC halted trading.
Please provide the links that prove KEY DD, was false. Last I looked their had not been a determination of fraud by the court of the SEC. The SEC is alleging fraud, I'm not saying that ultimately it could prove true but as they say the jury is still out.
Secondly the stock is still trading albeit on the gray sheets but enforcement, if they had been able to prove their allegations would have already put the company in receivership.
If CSHD has no assests, how were they able to open a Euroclear account that requires $200 million in assests. There is a lot more here than any of us know. Would I recommend anyone to buy at this point? He77 no. There is still too much unknown and the ability to sell a position is not liquid.
If I had known that the SEC was going to step in and delist it would I have done anything different? Yes, I would have sold and waited for the dust to settle to reenter. Unfortunately very few are privy to SEC actions before they are taken.
The "CULT" as you call it are many people who believed that they had found a a stock that could change their lives. They had a dream and followed it. Some may have been more adamant than other's in defending their dream but that does not make them ignorant or clueless. There are many here on this thread that for quite sometime have stated that they had made money on this play and held shares to see what the final outcome would be.
Following this stock has been very educational in many respects. Through the DD done on this board we have learned quite a bit about the Euroclear system and the bond market. There is still much to be learned about both. We have also found that a group of individuals willing to share DD can accomplish much without verbal warfare. Go back to the old threads and you will find threads of discussion and DD where there were no personal attacks. It was all about the stock. That's what I enjoyed the most and hope that the same effort can be recreated in other stocks in the future.
I, for one will await the final outcome. The one where a court of law makes a determination of fact or the SEC shuts down the company or that the company shows proof that what they have claimed is real and that it can go forward.
As for Basher's, whether media or poster's, if they truly had the interest of the investor's in mind they would present the facts in a non confrontational manner. It's very diffcult to convince anyone they are wrong when you start out calling them ignorant dummies, stereotyping and grouping them as the "CULT" and protraying them as blind mindless drones. Could there have been another agenda? I will leave that up to the individual to decide. There are 2 sides to every story and usually the truth lies somewhere in between since bias always plays into it. I believe the truth here will also lie somewhere in between the claims of the company and the claims of the media and SEC.
GLTA Wally
Wally thank you for your responce. You mentioned learning alot about the Bond market, but was it worth losing taking profit as high as 4.00 a share? How many pennnystocks have done the same exact thing that CSHD has done? Why is it that people fail to understand that ALL companies who get listed in this exchange only do so to raise capital.
Paul Rufus harris was a to this day is a fraud. Everyone believed in a perfect stranger and they paid for it with there account value. Wally I have done some research on you and it seem this isn't you first "failed dream" Weren't you in the CMKX scam also? Or was it QBID? Maybe it was both.
Stocks like these prove that Daytrading is the Best way to get rich in this market. If CSHD was a company which had everything they said they had, then why did they wait the last second to do everything? Why is it Rufus mentioned on Subpennyradio that CSHD shareholders will receieve a NOBO list daily?
He is a man who knows how to take advantage of the Cults emotions and honestly the SEC took advantage of his. He believe he could out smart the SEC, but all he did was make himself a target on the Cults hitlist. Rufus mentioned that they owned those bonds, but when the SEC investigated it turned out they didn't. Well not as much as they said they did.
So wally there is no responce needed to my post. Just rest assure that Rufus is somewhere spending his CSHD diluted shares as you try to find the next best thing. Very said to see but wally you have no luck with stocks at all. Weren't you in WFTV also?
Your research leaves a lot to be desired. I was never in either CMKX or QBID. This is the one thing that gets me, people who profess to know so much but don't have the skills to do basic DD. The other thing you would have found if you did the research is that the majority of individuals on this board have always stated to pull profits out and keep shares from profits for the long run.
As to Rufus being a fraud, once again show me where the conviction is? The allegations are there but to this date not one thing has been proven in a court of law. At some point in time we will know but until then it is all conjecture. I'm not saying he is or isn't a fraud because I have no way of knowing this without seeing all the evidence. I will say that he left a lot to be desired as a CEO. Lost his focus and became more worried about the bashing and shorts than the business plan.
Please before you make statements, like you did about me, make sure you have your facts straight. Good luck to you.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by glassman: why does this particular stock seem to attract such rude people?
I really don't know. but one thing is for sure they seems to do DD like Timothy Miles does. Innuendo, false facts and personal insults. that's OK because I believe that the last post just confirmed a suspicion I had as to Beth's identity. It's not surprising.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Wally! shame on you... sneaking in here with a Jan 2006 b-date and playing *both* QBID & CMKX...
quite the feat, that...
LOL. TEX. By the By. It's just another of Alex's reincarnations having at me for sniffing him out all the time. Want proof, just look at the warrant play BethBeth1 is touting.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
I was wondering how Wally could have possibly been in on the whole CMKM fiasco, when that was like 3 years ago, in my first time on these boards. I do have to say, there was a similar defensive/attacking feel to those discussions as well, at least for those who were ... ummm ... less than bullish about the stock. But that one was a TOTAL flat-liner (0.0001), whereas this one hasn't reached that point yet.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
quote:Originally posted by glassman: there was a similar defensive/attacking feel to those discussions as well, at least for those who were ... ummm ...
that play had alot more arguing..... and way more rudeness...
you should read the things WWJD-thru-me- called me... and she claimed to be a big Church going person...
I think I must have left before that point. I guess with that stock, it just seemed so patently OBVIOUS what was going on that those who had been duped had a kind of "bunker mentality" about them. With this stock, it hasn't reached that point yet. However, if this thing ever goes sub-penny--and I think it will--look out! I think you'll see some of the same things, based on how people who speak less-than-positively about this stock are treated now.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
quote:Originally posted by glassman: he got something deleted...
KB? what i keep telling you is the truth... i am on the side that says "be polite"...
you have not always been polite to people IMO. and i've said so when thought so...
If you look back through the threads, I think you'll find that I only attack a PERSON if they attack me first. The discussions where some feel I am being "personal" are when someone takes an attack I make on a STOCK as an attack on a PERSON. The same thing happened with CMKM on a larger scale. Rick took it personally, and I began to feel like he was INTENTIONALLY scamming people, so at that point, I began taking it personally as well. In this stock, I've tried to keep my criticisms stock-related, unless someone attacks me first.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
quote:Originally posted by glassman: if you mean was i long on CMK???? i never took a postition on it...
it was clearly a pumpandump with unlimited dilution... they sold about a billion shares every day at .0001 for over a year...
I think that someone tried to figure out the OS numbers on CMKM, and they stopped counting at something like 75 billion or some such number.
it ended up more like 750 billion...
250 billion of which may have been counterfeit entirely...
NASD Charges NevWest Securities Corporation and Principals with Violating Anti-Money Laundering Rules
Firm Failed to File Suspicious Activity Reports Despite Suspicious Sales Of Hundreds of Billions of Shares of Sub-Penny Stock by Customer
Washington, D.C. — NASD announced today that it has charged NevWest Securities Corporation of Las Vegas and two of its top officers - President Sergey Rumyantsev and Vice President Antony M. Santos - with violating NASD's Anti-Money Laundering Rule.
NASD's complaint charges that between January 2003 and May 2005, NevWest, through Rumyanstev and Santos, failed to adequately perform due diligence, file SARs or cease trading in multiple accounts controlled by one of NevWest's customers in connection with more than 500 sale transactions. The transactions involved a sub-penny stock issued by CMKM Diamonds, Inc. (CMKM) that traded in the Pink Sheets until the S
believe it or not KB? some others of us here are VERY familiar with what is really going on in the penny market.. that's why we get annoyed at times.... whether it is stock related or not? you do say things to people that clearly imply you think they are stupid...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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