posted
My opinion is that if it became blatantly obvious that the company wouldn’t protect its shareholders then the Federal Judge would step in and permit the SEC to do so by way of receivership. I firmly believe we are on the threshold of SEC receivership and last night’s press release only validates my opinion.
quote:Originally posted by milliam: I just had a thought...Alana says that the first thing that has to happen is for CSHD to get an attorney. I wonder if the court could not do anything against CSHD because we didn't have an attorney. I wonder if Rufus was buying time by not getting one.
quote:Originally posted by TexasMoney: My opinion is that if it became blatantly obvious that the company wouldn’t protect its shareholders then the Federal Judge would step in and permit the SEC to do so by way of receivership. I firmly believe we are on the threshold of SEC receivership and last night’s press release only validates my opinion.
quote:Originally posted by milliam: I just had a thought...Alana says that the first thing that has to happen is for CSHD to get an attorney. I wonder if the court could not do anything against CSHD because we didn't have an attorney. I wonder if Rufus was buying time by not getting one.
Just thinking...I'll stop now .
I disagree Texas.
If the bonds are ours and they are hypothecated I highly disagree.
It will come down to $$$$$. If its there we are golden.
quote:Originally posted by TaxBack04: I don't like your predictions TexasMoney... I can't remember if it was you or Tex that brought up the suspension the day before it happened...
When is the sky falling Chiken Little? I gotta go home and do Henny Penny so I die with a smile on my face. HA HA!!
quote:Originally posted by milliam: She said the first step was for CSHD to get a lawyer and that we have yet to do so.
Milliam ~ Did you ask her when the SEC expects to "proclaim victory" and prove the bonds are not real based on any evidence they have discovered from ALL their indepth depositions?
Or maybe they have decided they can't prove the bonds are fake but are just hoping that this Default strategy plays out.
Tic toc... goes the clock and time is money. Next time you talk to her. Tell her to get to work. I want true justice, right or wrong this thing should be cut and dried.
quote:Originally posted by TexasMoney: My opinion is that if it became blatantly obvious that the company wouldn’t protect its shareholders then the Federal Judge would step in and permit the SEC to do so by way of receivership. I firmly believe we are on the threshold of SEC receivership and last night’s press release only validates my opinion.
quote:Originally posted by milliam: I just had a thought...Alana says that the first thing that has to happen is for CSHD to get an attorney. I wonder if the court could not do anything against CSHD because we didn't have an attorney. I wonder if Rufus was buying time by not getting one.
Just thinking...I'll stop now .
I disagree Texas.
If the bonds are ours and they are hypothecated I highly disagree.
It will come down to $$$$$. If its there we are golden.
If not then hello SEC.
I use the word “threshold” purposely. We obviously haven’t crossed it but I firmly believe our toes are on it. If RPH continued down the path of absentia I don’t see what other alternative the Court would have.
If the company refused to defend its shareholders I believe the Judge would be obligated to do so.
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posted
"IF" the bonds were ours this would have been setteled LONG ago, therefore i beleive we DO NOT own the bonds ( or we hold a MUTCH smaller stake in them than we were told }
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And this one where the crook died, and they imediately go after his wife/beneficiary. Honestly after watching this SEC Litigation page for a month, I am convinced that this would be an awesome reality show. Like a global version of COPS. http://www.sec.gov/litigation/litreleases/2006/lr19925.htm
quote:Originally posted by madmoney: "IF" the bonds were ours this would have been setteled LONG ago, therefore i beleive we DO NOT own the bonds ( or we hold a MUTCH smaller stake in them than we were told }
There is no "IF" in the "ownership", just in the "percentage of ownership" based on the contracts and how they read. The certificates of ownership however do not specify any percentages.
But you are right this should be settled by now, "IF" it just wasn't for those darn egos, and careers at stake I am sure it would be. The SEC does not give up, and it does not lose. At least not "officially".
posted
Actually, it’s just the opposite. The fact we are still around tells you that the SEC has not proven fraud. The SEC may continue with its fraud claim since there isn’t sufficient proof, in their mind, to substantiate the bond ownership claim. But, since this is a civil matter the burden of proof rests with the defense and therein lies the root of our problem. WE CANNOT OR WILL NOT DEFEND OURSELVES!
quote:Originally posted by madmoney: "IF" the bonds were ours this would have been setteled LONG ago, therefore i beleive we DO NOT own the bonds ( or we hold a MUTCH smaller stake in them than we were told }
quote:Originally posted by TexasMoney: Actually, it’s just the opposite. The fact we are still around tells you that the SEC has not proven fraud. The SEC may continue with its fraud claim since there isn’t sufficient proof, in their mind, to substantiate the bond ownership claim. But, since this is a civil matter the burden of proof rests with the defense and therein lies the root of our problem. WE CANNOT OR WILL NOT DEFEND OURSELVES!
quote:Originally posted by madmoney: "IF" the bonds were ours this would have been setteled LONG ago, therefore i beleive we DO NOT own the bonds ( or we hold a MUTCH smaller stake in them than we were told }
a recent call to the SEC found they were in the process of preparing a lawsuit for (fraud?)? we dont know what the SEC has found. trading on grey sheets, MM`s cant or will not quote it, for all intents and purposes the company is shut down. they have no buisness as of yet and are not likely to earn any while the SEC investigation continues. the extent of bond ownership remains a questionmark. this will remain on grey sheets until the SEC completes their investigation and MM`s sign off on the legitimacy of the companies financials or the court orders the liquidation of assets ( if any exist!)
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quote:Originally posted by TaxBack04: I don't like your predictions TexasMoney... I can't remember if it was you or Tex that brought up the suspension the day before it happened...
When is the sky falling Chiken Little? I gotta go home and do Henny Penny so I die with a smile on my face. HA HA!!
quote:Originally posted by CapitalGains: Thank you 10of13. I don't have much to use really. I told my Dad I was considering trying to make money with stocks because I won my class competition for 1st place and he about had a heart attack. He likes Harley Davidson, Disney, AEP, Home Depot and other big stocks like that. They are too much money for me. But he did make like 7 dollars a share when AEP got a new CEO.
Read the NEWBIE section before dime one enters the market...ALL OF IT!
-------------------- - "Pay it Forward"
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quote:Originally posted by CapitalGains: Thank you 10of13. I don't have much to use really. I told my Dad I was considering trying to make money with stocks because I won my class competition for 1st place and he about had a heart attack. He likes Harley Davidson, Disney, AEP, Home Depot and other big stocks like that. They are too much money for me. But he did make like 7 dollars a share when AEP got a new CEO.
Read the NEWBIE section before dime one enters the market...ALL OF IT!
posted
LAKE DALLAS, TX, Nov 28, 2006 (MARKET WIRE via COMTEX) -- Conversion Solutions Holdings Corp. (OTCBB: CSHD), a Delaware Corporation, announces the following current events have taken place:
The Threshold Price Reset for the 6 additional shares will be honored according to the original merger agreement.
Integrity Stock Transfer is the Transfer Agent for the company.
Currently we have retained a corporate and litigation attorney and are also finalizing negotiations with an SEC law firm.
"Due to the recent events that have transpired, we feel it is in the best interest of the shareholders to move forward as expeditiously as possible. My concern has always been and always will be for the shareholders in this company. It is our goal to build a successful and fully operational corporation maintaining the current business plan. The plan of the company is to fully cooperate with the SEC to conclude the matters at hand in a timely manner. We will continue to update shareholders as events unfold," stated John L. Arlitt, Chairman and CEO, Conversion Solutions Holdings Corp.
Dated: November 28, 2006.
About Conversion Solutions Holdings Corp.
CSHD is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at http://www.cvsu.us/.
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations and are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
-------------------- 'The rewards for those that persevere, far exceed the pain that must proceed the victory!'
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posted
Ha Ha... Let's get rollin again! I'm dreaming of a GREEN Christmas Just like the ones other people than me have had. May your days be marry, and Bright And May all you're Christmases be GREEN Happy Holidays! Ima
-------------------- learnin as I go.
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posted
Encouraging PR! I like it. Hopefully it's a boost of confidence for all shareholders. If things like this actually start to happen it will move us up to make our new shares actually worth more than 20 cents each.
posted
Conversion Solutions Reports Status of Current Events Conversion Solutions Holdings Corp. (OTCBB: CSHD), a Delaware Corporation, announces the following current events have taken place:
The Threshold Price Reset for the 6 additional shares will be honored according to the original merger agreement.
Integrity Stock Transfer is the Transfer Agent for the company.
Currently we have retained a corporate and litigation attorney and are also finalizing negotiations with an SEC law firm.
"Due to the recent events that have transpired, we feel it is in the best interest of the shareholders to move forward as expeditiously as possible. My concern has always been and always will be for the shareholders in this company. It is our goal to build a successful and fully operational corporation maintaining the current business plan. The plan of the company is to fully cooperate with the SEC to conclude the matters at hand in a timely manner. We will continue to update shareholders as events unfold," stated John L. Arlitt, Chairman and CEO, Conversion Solutions Holdings Corp.
Dated: November 28, 2006.
About Conversion Solutions Holdings Corp.
CSHD is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at http://www.cvsu.us/.
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations and are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
posted
I asked this question on other board earlier and kinda got a hostile answer.
I am just wondering why TUT kept his identity so mysterious all this time. I thought he was gonna end up being a govt offical, sec guy, or MM. He's just some CEO. Why all the crypic stuff?
Anyway it doesn't matter now and the new PR already makes me feel better that he is going to move us forward.
I like this part "the plan of the company is to fully cooperate with the SEC to conclude the matters at hand in a timely manner" THIS is what Rufus never said or did that hurt the worst, IMO.
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So if someone wanted to buy some shares tomorrow... can it be done by any broker online at this point? I have Scottrade and eTrade. I haven't tried a buy or sell lately. I understand that Scotty is requiring a phone trade only at like $40 bucks or something.
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quote:Originally posted by GreenDay: So if someone wanted to buy some shares tomorrow... can it be done by any broker online at this point? I have Scottrade and eTrade. I haven't tried a buy or sell lately. I understand that Scotty is requiring a phone trade only at like $40 bucks or something.
Last I heard etrade online works for CSHD.
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quote:Originally posted by fhalyesss: Currently we have retained a corporate and litigation attorney and are also finalizing negotiations with an SEC law firm.
posted
So does this mean that the price should drop 1/7 when they give us the shares? I hope that everyone will be thinking about that, and not multiply the current value of the stock in thier accounts and expect to have that much. Hopefully we will be able to bring our price back up to at least .30 after the shares are given to us.
-------------------- Muad'Dib knew that every experience carries its lesson.
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quote:Originally posted by fhalyesss: Currently we have retained a corporate and litigation attorney and are also finalizing negotiations with an SEC law firm.
quote:Originally posted by fhalyesss: Currently we have retained a corporate and litigation attorney and are also finalizing negotiations with an SEC law firm.
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