posted
- Rufus says that he does not need to answer anything...he gave the SEC what they asked for...
- Rufus claims that the time frames are not his...the shareholders will get to vote on things...but the timing is not up to him...he has handed the paperwork off to the correct people and it is up to them to "do their job"..
-Deal with it or leave the stock...period...
-he has not allowed the attorney to move forward...none of our business as to if there is a lawyer?
Done listening.here guys..have fun..nothing coming of this show tonight... See yah!!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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I agree with Rufus on the fact that there is nothing to answer on the default . Every single suit I've been involved with has never needed an answer to a default judgement . Its a default meaning everything asked was granted . I think the things that CSHD needs to address is their fraudulant filings and to provide what ever it is the SEC was granted by the default .
The problem is that its a damned if you , damned if you don't situtation . If Rufus admits to the fraud , he screwed but CSHD might have a chance to trade again . If he does not admit to the fraud , CSHD is screwed and will continue where it is at .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by Jenna: Source, how is your suit going? Have you heard anything?
I have not filed yet , all of the paper work is done though . My reasons for not filing yet are kind of complicated but I do not feel like the timing is exactly right yet . Once a few more cards are revealed , I will make my decision to go foward or back off .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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bah i was replying to a post that apparently has been deleted......ignore this Posts: 2308 | From: Michigan | Registered: Jun 2006
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I'll pass on the class action , there's no real money it after the lawyers take their fee . I'm gonna go solo on this one if I decide to go on it at all .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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Ok, i was actually responding to your other posts thesource. I keep hearing about class actions but no one ever says what the charges would be. Im very curious because i want to know what we can do that the SEC (with ALL of our documents) can not do
Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by 10of13: LOL..How about a class action against the SEC?
On what grounds ? They halted a scam company and you lost money from it ? Stand in line with the others that were in the 35 co's from the other day .
Those 35 the other day were halted for completely different reasons. And to answer your question, yes because they "shut down" our company and many people lost money...and so far have proven NOTHING!
Posts: 2308 | From: Michigan | Registered: Jun 2006
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thesource? My frustration is not that the SEC halted the trading of the stock...but that they "allow" it to retrade and "find" nothing? to me? that seems screwed up...If the SEC halts...they should halt for GOOD or if nothing has been found then let it go back to where it was with a public statement stating that nothing "wrong" was found...they left the stock in "limbo"...how is that "protecting the shareholders"?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Heh Simon is kickin his butt over the $15 a share now. Its good to see Simon pushing a bit, sometimes he just sits there and accepts the free advertising for his show
Posts: 2308 | From: Michigan | Registered: Jun 2006
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10 I applaud Simon for it, i wish he would do it more. Im tired of 2 hour interviews with 10 minutes of facts.
I still believe Rufus has a point...someplace, but "The Riddler" has gotten old even for me
Posts: 2308 | From: Michigan | Registered: Jun 2006
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Guys , its not the SEC fault this is haulted . I know you are pissed and have every right to be . Some of you lost a very large amount of money in it . I lost $7500.00 in it myself .
The person at fault here is and always has been Rufus . Its not the NSS'ers or the SEC or even the bashers . If the assets were real and Rufus had them setup so only he could pull the trigger on them then where's the problem ? <b>If the SEC comes knocking at the door , show them the proof with your lawyer present </b>. If thats not enough then deal with it as it is dealt . Don't be a dumb azz with no attorney on hand and tell them to take you to court . Thats what they do every day for a living and obviously didn't have a problem doing it to CSHD .
This problem is the bonds are not owned by CSHD or Rufus Harris . This was an elaborate scam to take advantage of greedy traders , gullible investors and any one else that happened to get in the trap when it closed . In the end , anyone left in the trap when it closed is SOL . I just think he thought the trap would stay open alot longer than it did and the PPS would infact reach $15.00 or more on MOMO . Mike A. on the other hand was taking his money on the run up .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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Rufus said that the "PR blitz" that was meant to happen would have been how much money was allocated to each JV. FWIW
Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by 10of13: thesource? My frustration is not that the SEC halted the trading of the stock...but that they "allow" it to retrade and "find" nothing? to me? that seems screwed up...If the SEC halts...they should halt for GOOD or if nothing has been found then let it go back to where it was with a public statement stating that nothing "wrong" was found...they left the stock in "limbo"...how is that "protecting the shareholders"?
I agree with you . The SEC should be able to slam the doors shut and go after those responsible for the scam . I was told by a person with the Texas Security Enforcement commision that our only hope as a group is for CSHD's assets to be put into receivership . Once this is done , the person in charge of the receivership would distribute the assets accordingly if there are enough to go around .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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thesourse? I disagree with you on some of your "points"...the SEC did nothing for the shareholders...didn't even proove if it was a scam...the SEC didn't do their job period...IMHO
the post above this? "go after the peeps that "did" the scam"?
the point is the SEC can't find if there was a pump and dump or a scam...hense the problem...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by 10of13: thesourse? I disagree with you on some of your "points"...the SEC did nothing for the shareholders...didn't even proove if it was a scam...the SEC didn't do their job period...IMHO
They do not have to prove anything , its up to CSHD to back up their claims . IMO , I think this is just the tip of the iceberg for this company . I've heard rumors of a grand jury indictment coming together . Those are only done in FELONY cases . I have a feeling the FBI is going to clean house with Rufus's azz . The share holders won't get anything out of it but I don't think there's anything to get out it anyways . This company is broke .........
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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Most of the investigations take time with the government . Hell my wife got a speeding ticket last October and we are still waiting to go to court on it . Thats a local JP issue .....
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by thesource: Most of the investigations take time with the government . Hell my wife got a speeding ticket last October and we are still waiting to go to court on it . Thats a local JP issue .....
yup...and that's a simple traffic ticket. This thing, on the other hand, has more facets than a fancy-cut diamond...
quote:Originally posted by 10of13: thesourse? I disagree with you on some of your "points"...the SEC did nothing for the shareholders...didn't even proove if it was a scam...the SEC didn't do their job period...IMHO
the post above this? "go after the peeps that "did" the scam"?
the point is the SEC can't find if there was a pump and dump or a scam...hense the problem...
10. You are exactly right. The SEC is the one that has drooped the ball. They are the agency responsible for suspending trading. They are the ones that are claiming Fraud and that it was a Pump and Dump. Yet they are the people that have failed to find the Dump. Is it because they went in with a preconceived notion of who was guilty and since they haven't found it where they thought they would, have thrown their collective hands up in the air and stopped looking?
They have had ample time to prove their case and put CSHD in receivership. Why haven't they? Looking at it logically, it would seem that the SEC is dependant upon the company they charge with helping them prove their case. Since Rufus and CSHD have not answered the SEC does nothing and the stock continues to trade. PR's are issued and they do nothing.
I may not like the position Rufus is stating, that the SEC is the entity claiming fraud so let them use their resources to find it and take action against it. I mean why should the company and the shareholders foot the bill for them?
We have heard of the FBI being involved in investiagting this yet have heard nothing of any charges being filed. Once again WHY?
I too am tired of the Rufus crumbs that are thrown out there and think that he and the company have a responsibility to US shareholders. That being said, Way back when this suspension first happened after doing my research, I found that it would take between 6 months to a year before there would be resolution. We are still within that time frame.
Hopefully things are moving forward, however, I won't believe anything unless in the form of a court ruling or Letter from the SEC.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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hey guys hows it hanging? i got a nice little pick im confident will do well this month WITM..read the prs =)
Posts: 3086 | From: miami | Registered: Nov 2005
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fancy-cut diamond and CSHD in the same sentence? what's the world comin' to?
OK, I shoulda said, "more angles than geometry class." Lol, like that better?
For real, I get where you and Wally are coming from re the SEC...but it helps to frame it in historical perspective. In the "old days," the SEC could -- and did -- put companies in "virtual lockdown" via an endless series of 10-day suspensions, issued one after another, with little or no further info re: those subsequent suspensions. It took court action, in the 1970s (I believe), to restrict them to their current model in which subsequent suspensions require new reasons/info/etc...
Here, it is the company and RPH in particular who have elected to say nothing--formally, legally--and thereby let the defaults keep trading restricted to greys... How is the SEC at fault for that?
As far as "protecting investors," unfortunately that doesn't, in general, mean those who have already gotten into something, but instead those many more who might get caught up in a "snowball" of accelerated trading frenzy...in other words, a geometrically larger number of bagholders...
Shoot, I can think of some that I wish woulda had nearly the same chance to run (or even half) before getting whacked...and if there was a way to ensure the bagholders would be crooked MMs--wow! great, lol. Of course, that's not gonna happen: as we know, it tends to be the less sophisticated and more gullible who dive in at the end, when the deep end of the pool suddenly turns into the shallow end...
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