quote:Originally posted by bilgert: Don;t know if this has been mentioned before, but the documentnotes a 20 year relationship with RPH, so it lends more credit to the 'cahoots' theory... Ah well. WIsh I could be more optimstic- but I'm not.
Back to watching the 'Live Earth' special. Alicia Keys looks fabulous, FWIW.
I believe the relationship was with The CFO at the time. Darryl Horton. Not that it really matters.
Reading this critically can give 2 different stories since we are talking about Rufus here.
First. Benson just signed off and was a party to the deception. Heck he made enough to not only quit his night job but his day job too.
Second, Rufus didn't provide the Board that made the judgment with the information they requested just as he didn't provide it to the SEC. Because of the fact that no information to cooberate the claims that were requested by the convening authority, they had no recourse but to determine that a fraud had been committed.
This will play right into the hands of Rufus and the "loyal" longs. It's all part of the master plan and part of the MASSIVE conspiracy against poor, poor Paul.
Folks, in the immortal voice of Dandy Don Meridith, Turn out the lights, The party's over............
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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Tex? I have know clue if they can "levy/inflict/cause fines"...just seems something other than not being able to be an associate should come into play...
BTW...was it Horton or Mosley that was "friends" with Benson...not RPH...both seem to have vanished...
Wally? Lights have been getting dim for a long time...they just won't "turn off"...some how i think this will keep them on and continue the conspiracy...unfortunately...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Oh...The way I read it, I thought you knew something about the board. lol, "something more"...you want them to give him a pop with a ball peen hammer?
Seriously? I hope some intense forensic accounting is going on...
As far as the lights go, I suspect threads will exist two years from now a la CMKX, QBID etc...
posted
So? if the filing from Benson becomes null and void...would that mean that the "case" from the SEC would need to be dropped? If the filings don't count...they would "re-do" the filings...and then the SEC could withdraw the case?
Just typing out loud the possible spins peeps will put on this...
It's also interesting that Benson had never done an audit of this type before...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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To further the conspiracy along, the five members of the PCAOB are appointed by the SEC
Section 101 of the Sarbanes-Oxley Act of 2002 describes the establishment, duties, and powers of the Public Company Accounting Oversight Board.
Under the Act, the Securities and Exchange Commission appoints the Board's members after consultation with the Chairman of the Board of Governors of the Federal Reserve System and the Secretary of the Treasury. The SEC named the first Board members on October 25, 2002. On May 21, 2003, the SEC named William J. McDonough as Chairman of the PCAOB, and he served in that capacity until November 30, 2005. On June 19, 2006, the SEC named Mark W. Olson as Chairman.
The Act requires that two of the five Board members be or have been certified public accountants. The Act also requires that all members of the Board serve on a full-time basis. The salaries of the Board Chairman and members equal those of the Chair and members of the Financial Accounting Standards Board.
Posts: 12 | From: socal | Registered: May 2006
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quote:Originally posted by 10of13: So? if the filing from Benson becomes null and void...would that mean that the "case" from the SEC would need to be dropped? If the filings don't count...they would "re-do" the filings...and then the SEC could withdraw the case?
Just typing out loud the possible spins peeps will put on this...
It's also interesting that Benson had never done an audit of this type before...
filing can't be granted a "do-over." Company needs to correct it, for sure. In order to ever to file 15c2-11, all the filings will need to be perfected. Won't have a bearing on SEC case--if anything it bolsters their complaint.
Seems as though the "firm" was created to specifically to effect the audit. Remember, CFO and he were "pals" for 20 years...
Who knows the motivation? Perhaps he became convinced that doing public-company audits would be a lucrative sideline, in addition to the state job...perhaps he was promised some take of "a rake."
Ultimately the company management is responsible for the audited financial statement so even if Benson loses his license, Rufus or whoever was the CEO at the time of the filing would be held responsible...
And wasn't there a fluff way back when the a/f's were filed about them NOT being signed?
Posts: 2498 | Registered: Mar 2006
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Here's some of what I suppose was posted by RPH about the Benson deal. RPH's attitude is pretty sad IMO!
averageJoe: Rufus are you the only one with the Euroclear codes? If so, how could Benson verify them? Had Benson been given the codes, he probably would've given them to the SEC. Just trying to figure some things out.
RPH: The Euroclear codes are and were available for the public even today
RPH: CSHD was his first audit of a public issuer, looks to be his last audit of public issuer, at least he keep his license
RPH: Ohhhh Mannnnnnn, It is all over, the sky is falling, run for the hills, hide behind something
Darn, and I thought things were going good, I mean we are trading at .003 Now what do we do? I guess we need to close the cshd web site and ********s down now!!
daddo: Is that ALL you have to say about the Benson sanction?
Good God man....YOU signed off on the $800 million balance sheet that Benson [supposedly] audited in the 10-k's as being legit figures.
Seems the figures/assets 'might' NOT BE legit based on the information in the Benson sanction document !
This is really beginning to pysssssssss me off......
"EXHIBIT 32.1
CERTIFICATION PURSUANT TO 18 U.S.C. §1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the annual report on Form 10-KSB of Conversion Solutions Holdings Corp (the "Company") for the fiscal year ended June 30, 2006, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), the undersigned Chief Executive Officer and principal financial and accounting officer of the Company hereby certifies, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2. The information contained in the Report fairly presents, in all material respects the financial condition and results of operations of the Company.
Dated: October 15, 2006
By: /s/ Rufus Paul Harris Rufus Paul Harris Chief Executive Officer
RPH: Yeap, that is all I have to say about that daddo
Hey watch out daddo is getting pissed!! Now we have trouble!!
Posts: 1028 | From: Georgia | Registered: Jul 2005
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Millam, I agree....RPHs attitude sucked in his responses to the Benson questions. IMO the questions are going to become more and more difficult as the days go by so he better get used to it. Maybe it just bothers him that dedicated long term followers are now asking legitimate questions? I really dont know what he expects anymore.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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Ultimately even if Benson screwed up it's RPH arse on the line. It's not like Benson takes the fall alone.
Posts: 2498 | Registered: Mar 2006
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Bad ass , some of you guys might own enough shares to cover the cost of getting out . I swear its too bad that one of those horses didn't kick Dufus in his head . That guys is a real piece of work ......
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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Sorry Tim...I didn't get that reference. I tried to figure it out a little, but my brain is drained from trying to figure out CSHD .
Posts: 1028 | From: Georgia | Registered: Jul 2005
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Anyone remember how I got a call asking to "restructure" my investment account?
Today I got a letter..
"This letter is to advise you that Banc of America Investment Services, Inc. has decided to terminate our business relationship."
No explanation, had plenty of cash securities, nothing on margin.
Their way of getting free cshd shares since they have no $ to sell.
Fishy.
Have to august 3rd to terminate positions. Theyll probably be surprised when I call them to say sure terminate everything at market value and send me cert's for CSHD! ROFL
Posts: 869 | From: Az | Registered: Sep 2006
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Tim...I would think you could just transfer all of your securities to another brokerage. I can't see how they can make you sell anything, but I wouldn't doubt they have some small print in your agreement. BTW, Choicetrade has treated me pretty good so far.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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quote:Originally posted by thesource: I think I got the same deal from BofA and I don't hold any CSHD any more . I think it has to do with trading penny stocks .
the cancellation of the "grandfather clause" is probably why they want penny players gone...
-------------------- 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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