posted
I stopped listening to SPR...Rufus made comment about the daytraders "manipulating stocks" and how he says daytraders are wrong... I almost always daytrade or swing trade...holding these damn pennies is stupid...BUT because of Rufus and his mouth and the "don't sell" BS that he was talking..I held...AFTER protecting my capital AND taking some profits(thank God)...
BUT my point was that it is the very thing that happened with CSHD that stop people from "investing" in these pennies...fear of the scam or of the SEC halt or the pump and dump..all of it...and yet Rufus has the nerve to "put some blame" on the daytraders? Saying that Daytraders are wrong? Rufus? BITE ME! You sir are a Jack AZZ! Seems he is trying to blame everyone for things that he may have been able to control... I still say the SEC too is to blame for the loss that I have...the SEC, Rufus and my own stupidity for "listening" to a man I don't know tell me not to sell...to hold! I knew better...I should have sold it all and NOT bought back in...BUT it is the learning/lesson that I am paying for...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
Humble- if you are there....how do you feel about getting your certs now?
...I hear even the Rufus fans are fed up now....
....sorry all, I guess we all should have sold back in September when it was climbing everyday....oh that's right we were to scared to sell...afraid we would miss out on that "reset"...very, very, sad....
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
| IP: Logged |
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?
Io 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
Wally and 10, I agree with you. Why did the sec. jump on this so quick? AND didn't Rufus try to get this halted so it wouldn't be on the grey's? and he was denied?
As you stated, we need confirmation from the court or sec.
Right or wrong, I do blame a lot of this mess on the sec.
Posts: 360 | Registered: Aug 2006
| IP: Logged |
quote:Originally posted by 10of13: I stopped listening to SPR...Rufus made comment about the daytraders "manipulating stocks" and how he says daytraders are wrong... I almost always daytrade or swing trade...holding these damn pennies is stupid...BUT because of Rufus and his mouth and the "don't sell" BS that he was talking..I held...AFTER protecting my capital AND taking some profits(thank God)...
BUT my point was that it is the very thing that happened with CSHD that stop people from "investing" in these pennies...fear of the scam or of the SEC halt or the pump and dump..all of it...and yet Rufus has the nerve to "put some blame" on the daytraders? Saying that Daytraders are wrong? Rufus? BITE ME! You sir are a Jack AZZ! Seems he is trying to blame everyone for things that he may have been able to control... I still say the SEC too is to blame for the loss that I have...the SEC, Rufus and my own stupidity for "listening" to a man I don't know tell me not to sell...to hold! I knew better...I should have sold it all and NOT bought back in...BUT it is the learning/lesson that I am paying for...
Please take a "chill pill ha-ha", have a drink or go outside and walk around your house 3 times. I don't want you having a stroke over this. Posts: 360 | Registered: Aug 2006
| IP: Logged |
quote:Originally posted by Mr. CATIAEngineer: Is that Griff guy over at HSM the one that is leading the latest rumor mill? He "appears" to have found something but doesnt want to share what he found or where? He has my attention but i really dont want to create an HSM account just to inquire further.
I guess we might know soon enough.......soon heh, what a word
Cat, Griff post on HSM and Rufus's board. He acts likes he is in on everything.
Now I do not know this person and they could know what they are talking about, but I have read far too much of "know-boat" bs, to listen to anyone!
Posts: 360 | Registered: Aug 2006
| IP: Logged |
quote:Originally posted by Jenna: Humble- if you are there....how do you feel about getting your certs now?
...I hear even the Rufus fans are fed up now....
....sorry all, I guess we all should have sold back in September when it was climbing everyday....oh that's right we were to scared to sell...afraid we would miss out on that "reset"...very, very, sad....
I see more people fed up with the timeline not being lined up with their "Make millions" lottery ticket not paying off as quick as initially anticipated.
Its not that some feel wronged at the DD they did before buying....its more just angry because they wanted to get the $$ faster.
Some are just tired of waiting.
-fw Ps Hi everyone I am not one of the above mentioned.
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
| IP: Logged |
posted
This is extremely interesting. Whether or not it has anything to do with CSHD or not is debatable. It is definately worth the 30 minutes to watch it.
quote:Originally posted by Jenna: Humble- if you are there....how do you feel about getting your certs now?
...I hear even the Rufus fans are fed up now....
....sorry all, I guess we all should have sold back in September when it was climbing everyday....oh that's right we were to scared to sell...afraid we would miss out on that "reset"...very, very, sad....
I see more people fed up with the timeline not being lined up with their "Make millions" lottery ticket not paying off as quick as initially anticipated.
Its not that some feel wronged at the DD they did before buying....its more just angry because they wanted to get the $$ faster.
Some are just tired of waiting.
-fw Ps Hi everyone I am not one of the above mentioned.
I'm not sure it's just tired of waiting but a lack of honesty and communication. At least that is the theme I'm getting from reading several different boards.
When the CEO makes claims that an event is going to happen within a certain time period and continually Fails To Deliver, it has the same effect on share holder confidence that NSS has on stocks. They both plummett. Everyone who has had control of this stock, Rufus, Mike and John have up until now Failed To Deliver. Mike took the company and handed it back to Rufus, John through his mouthpiece James Gee, spoke of a trip to Germany that would net funding to go forward and a profitable Joint Venture only to come back state health concerns and drop it back in Rufus's lap. Rufus continues to insert his foot in his mouth by creating self-imposed deadlines and the Pacer watch and flipflopping on the Attorney question that only creates Fear Uncetainty and Doubt.
What event has transpired since the SEC stepped in and Suspended the company that could be construed as good news? Nothing I can think of. In fact if it wasn't for the rumor mill the light at the end of the tunnel would be no where in sight.
No the shareholders cannot be blamed for being discourged especailly when you throw in the SEC and FBI not showing any progress. Which does make me think of something. The SEC policy is not to respond to any question during an ongoing investigation. Since Alana Black has seen fit to answer many questions posted by many individuals on message boards I would have to assume that there is no longer an ongoing investigation. Why is she talking if the investigation is ongoing.
Lastly, Why does anybody believe that the Naked Shorts have to be covered? According to RegSho, once a stock reaches the threshold new naked short positions cannot legally be taken. All positions prior to the stock becomming a Threshold Security don't have to be covered. There are stocks that have been on the RegSho list for over 400 days, more than a year. the deck is stacked against a win Vs NSS, just ask Patrick Bryne of Overstock he has been fighting it since 2005.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
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?
Io 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
Wally and 10, I agree with you. Why did the sec. jump on this so quick? AND didn't Rufus try to get this halted so it wouldn't be on the grey's? and he was denied?
As you stated, we need confirmation from the court or sec.
Right or wrong, I do blame a lot of this mess on the sec.
Quick? Lol...the GVRP suspension was quick, BCIT was fairly quick--this one had a pretty good run, actually...not in terms in CMKX, perhaps, but still weeks and weeks of the some of the wildest goings-on imagineable... The SEC's confirmation is self-evident: it listed some questions/concerns, and rather than "put up" the company/CEO chose not to respond.
And, yup, the CEO at the time made some noise about it all being "part of the plan," but it takes extravagance even beyond his to imagine a company's inviting an SEC suspension for any good reason. Might make for a good Grisham-style novel--but the trouble in real life is profound...for a company that really wants to trade elsewhere than greys.
Remember, at bottom line, this was a toxic-finance deal...in that light, suspension may well have been part of the plan... After all, Alexander is still pursuing a "tax-free merger," and Harris is still spouting off on SPR...
I'm not as familiar with the companies you mention. Where they filed against in court alledging fraud and Pump and Dump?
Where I'm comming from with this is the fact that they went to Federal Court. I'm just saying that usually when charges are filed the ducks are somewhat in a row.
I do agree with you and have stated so in the past, that it was assine to want the company suspended.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
I'm not as familiar with the companies you mention. Where they filed against in court alledging fraud and Pump and Dump?
Where I'm comming from with this is the fact that they went to Federal Court. I'm just saying that usually when charges are filed the ducks are somewhat in a row.
I do agree with you and have stated so in the past, that it was assine to want the company suspended.
GLTA Wally
Wally, I don't recall the wording in the suspensions, but both involved fake shares of some stripe or another... GLUV/GVRP/MAMG apparently was shooting for the then gold medal of PnDs (1:6.5m r/s, leaving 11 shares; followed by a 3m:1 F/S), but *maybe* got derailed by the broker who eventually settled with the SEC; BCIT apparently got hijacked (Pino was involved) and the hijacker(s) entered bogus stock into the market, along with PnD-type announcements. The only court case I'm aware of was state court (Oklahoma), and since then the company *seems* to have satisfied requirements to trade again, including an MM's filing the necessary 211 paperwork...but for whatever reason is still idle...big mystery why still idle.
So, ya...back to your point: Yes, apparently the Feds need to feel very secure about their ducks.
For example--and particularly galling to me personally:
1-a) a bunch of us warned not only the company and the TA but ALSO the SEC and NASD in time to suspend GLUV/GVRP before billions of shares erroneously traded
1-b) NASD/NASDAQ *insisted* the splits had been handled properly ...
2) ... yet apparently helped broker the "resolution" of yet ANOTHER split, a 1:3m R/S--which was effected without any a priori dailylist posting...AND NO PRICE ADJUSTMENT
3) In BCIT's case, the company warned reg authorities a good month (as I recall) before any action was taken that someone had misrepresented the company and entered bogus shares into the market. What ensued looked to many traders like a short squeeze (similar to the PAIV deal), but a really good run got "cut short" when brokerages suddenly restricted trading. The suspension followed within a day or two...after it was TOO LATE for many traders to either buy OR sell--in other words, brokerages effected their own "halt," which, so far, continues...
By way of contrast, although both cases illustrate egregious flaunting of regs and damage to the trading public, neither involved the degree of outlandish, numerous, repeated, chronic claims and obfuscation that characterize this play. In that light, it *is* surprising it ran as long it did/does...
re: "planned suspnsion" ... ya--as far as I can tell, RPH is one of those guys who, no matter what happens, takes the position it was always part of the plan.
posted
Stock Momma? I'm not going to have a stroke over this silly stock...I was venting last night...lOL..That stops the strokes...
Rufus really served no "purpose" on that show last night...He says that the "needed" paper work is where it should be and the time frame is not up to him...but up to the others involved..what ever that riddle means...
I'm here until the "real fat lady sings"..who ever that is...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
On March 2, while reporting on CNBC Cramer stated that “When you are a bear you try and knock the stock down, you pick up the phone and make calls and say blah blah blah, Star is going out of business, and blah blah blah, Mack is filing for bankruptcy. It is very easy to spread those rumors. Is it illegal? When your firm is on the line you tend to do questionable things.” The caption to this report was Cramer sees Bear Raid.
posted
I didn't think we have to sue the TA for the 6:1. That sounds like the company's responsibility anyway to me. Horse$hit Harris is the one who said we would receive it. Recently he said we would vote on it in some proxy that was suppose to show up in Feb. To me he always looks like he wants to pass the buck to someone else to cover the fact that he didn't plan this company as well as he bragged that he did.IMO.
Posts: 957 | Registered: Jun 2006
| IP: Logged |
posted
10, IMO he came on last night to bash Mike Alexanders new merger "Letter of Intent". Now, although im quite comfortable with his decision to do so the following hour and a half was a TOTAL WASTE OF TIME! Rufus should publicly apologize for giving people the impression that he actually had something of value to discuss last night.
Id like to mention (although most know) ive been a Rufus supporter all along because ive always believed he had some cards left to be played. Well, im done playing his card game and its time he either shows his cards or FOLDS HIS HAND!
After sleeping on it ive come up with a question. How difficult is it for us shareholders to find out who the "true" majority shareholders are? How can we as shareholders but MUCH more pressure on getting FACTS?!
Rufus was asked last night if we had a lawyer and he responded "none'ya bizznis". Rufus my friend you sir are an idiot! We are a public company now and he is still in the private company state of mind. I guess the hostile takeover wasnt a good enough wake up call. He was asked about the proxy....declined comment.
He says the paperwork is in the proper hands. Ok folks...DOCUMENT! If thats true then the date should be on the paperwork when it finally becomes public knowledge correct?
I wont listen to another Rufus / SPR interview. I still have not and will not sign on to his POS message board. We either have a business plan with assets or we dont....and so far he hasnt convinced me of either.
Posts: 2308 | From: Michigan | Registered: Jun 2006
| IP: Logged |
posted
I agree Mr.CAT, I've had enough of the shoveling of SH!T that Rufus continues to sling. Thanks to everyone who posted last nights SPR interview. I have come to the sad conclusion that my stock cert is only worth a hard $20K lesson (not to mention the $5K of CSHD still sitting in my brokerage account). I plan on framing my CSHD stock cert and putting it on my wall next to my degrees and awards. It cost me just as much as my degrees and I learned a hard, but valuable lesson from it. GLTA, wake me up if we ever get out of this mess:)
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
| IP: Logged |
quote:Originally posted by Mr. CATIAEngineer: [excerpted]
After sleeping on it ive come up with a question. How difficult is it for us shareholders to find out who the "true" majority shareholders are? How can we as shareholders but MUCH more pressure on getting FACTS?!
from the bylaws:
quote:ARTICLE VII
- CORPORATE RECORDS
Section 1 Any stockholder of record, in person or by attorney or other agent, shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose the corporation's stock ledger, a list of its stockholders, and its other books and records, and to make copies or extracts there from. A proper purpose shall mean a purpose reasonably related to such person's interest as a stockholder. In every instance where an attorney or other agent shall be the person who seeks the right to inspection, a power of attorney or such other writing, which authorizes the attorney or other agent to so act on behalf of the stockholder, shall accompany the demand under oath. The demand under oath shall be directed to the corporation at its registered office in this state or at its principal place of business.
Taking advantage of that provision would be a good thing, for many people, I believe...
posted
Tex, that is actually pretty interesting. I wonder if anyone here or elsewhere has the time/energy/funds to take a shot at something like that.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Ya...longshot, though. When emotions are high, lottsa folks claim the wherewithal...
Best bet would be for a group of interested folk to pool funds and send somebody with a modicum of savvy...just copy *everything* ... then the group could could each consult whomever, once the copies are in hand. Wouldn't have to cost much, that way...although I'd budget for the legalities to force the company to comply with its bylaws...
posted
Didn’t you hear? The big celebration party moved from Vegas. Everyone is on the mother ship at ludicrous speed heading to Uranus. It was going to be the moon, but CSHD colonized it and now it is overpopulated.
quote:Originally posted by Stockstar69: Where is everyone...Let me guess, The stock jumped to $15.00 per share and they all had heart attacks.
Wait, that means I'm a Milliona.....ahhh, ohh
||^|^_____________________________________
Posts: 386 | From: Plano, TX | Registered: Oct 2006
| IP: Logged |
quote:Originally posted by TexasMoney: Didn’t you hear? The big celebration party moved from Vegas. Everyone is on the mother ship at ludicrous speed heading to Uranus. It was going to be the moon, but CSHD colonized it and now it is overpopulated.
quote:Originally posted by Stockstar69: Where is everyone...Let me guess, The stock jumped to $15.00 per share and they all had heart attacks.
Wait, that means I'm a Milliona.....ahhh, ohh
||^|^_____________________________________
Glad we all have such a great sense of humor! WE NEED IT!
I wonder if the CSHD ship is powered by the methane from all the BS which gets shoveled around here? Posts: 2498 | Registered: Mar 2006
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Smile]](smile.gif)
I am not one of the above mentioned.![[Eek!]](eek.gif)
![[Big Grin]](biggrin.gif)
![[Razz]](tongue.gif)
