quote:Originally posted by Ironman64: Please keep in mind, I am not saying that the class action target was Harris. And yes, MrCat, I know about your conversation with him.
The purpose of your suit was to be to get things rolling with a legal action. To request trading records, etc....
Does your response change any now?
No, my response doesnt change at all. I made no attempt whatsoever to make a move on CSHD in a legal sense.
"The purpose of your suit"
You still write as if I have / had a suit planned or in progress. My interest in seeing the trading records pulled is no different than anyone elses but there was never a discussion of a lawsuit other than the phone conversation with Mr Harris where the question actually came up "Who would the suit be against if there were to be one?".
If you really know about the discussion I had with Mr Harris im surprised you arent already aware of these facts. On that same note, I might ask Mr Harris why you know about my conversation with him and chose to discuss it on the board. You say you protect your sources but spilled your guts against the Boss himself.
Posts: 2307 | From: Michigan | Registered: Jun 2006
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posted
Ironman, can you answer the simple question of "Will people who have seen their investments in this go from $20,000 to worthless ever see their initial cash outlay again". I don't think many people here are concerned with who gets what punishment as much as they are interested if they will ever see those $$$ again.
Posts: 5502 | From: Southeastern PA | Registered: Jan 2006
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"You say you protect your sources but spilled your guts against the Boss himself."
What is Rufus the boss of anyway? He was supposed to be working for the shareholders, we the shareholders do not work for him!!!!
Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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quote:Originally posted by new2stocks: "You say you protect your sources but spilled your guts against the Boss himself."
What is Rufus the boss of anyway? He was supposed to be working for the shareholders, we the shareholders do not work for him!!!!
You know what I mean....the point is Ironman "knows of" a private call between Mr Harris and myself. Im curious how.
Posts: 2307 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by new2stocks: "You say you protect your sources but spilled your guts against the Boss himself."
What is Rufus the boss of anyway? He was supposed to be working for the shareholders, we the shareholders do not work for him!!!!
You know what I mean....the point is Ironman "knows of" a private call between Mr Harris and myself. Im curious how.
Yep that would be interesting to know. I would also like to know why he feels it necessary to hide who he is. At this point, everyone knows who everyone is.....why this big secret I'm in the know boat stuff again? Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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Wow so many old faces from CSHD. I remember all you guys from last year. Hope it all works out for you all and this battle with Rufus. You all deserve to get some kinda money out of this. I don't post much or trade much anymore but still hold the good advice Chartwalker gave me last year when this thing was flying high. Good luck guys
-------------------- Best Regards and Good Trading Posts: 238 | From: Florida City, FL | Registered: Jul 2006
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quote:Originally posted by PCola77: Ironman, can you answer the simple question of "Will people who have seen their investments in this go from $20,000 to worthless ever see their initial cash outlay again". I don't think many people here are concerned with who gets what punishment as much as they are interested if they will ever see those $$$ again.
I whole-heartedly believe that we will see our money (and then some) as well as CSHD becoming fully reporting again.
Things aren't as they seem....with CSHD and with certain individuals.
Posts: 98 | From: Nowhereville, USA | Registered: May 2008
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posted
The topic of "class action lawsuit" will not be brought up again by me.
I have been asked by several good shareholder friends to pull back on that discussion for now, and I will oblige.
Posts: 98 | From: Nowhereville, USA | Registered: May 2008
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quote:Originally posted by PCola77: Ironman, can you answer the simple question of "Will people who have seen their investments in this go from $20,000 to worthless ever see their initial cash outlay again". I don't think many people here are concerned with who gets what punishment as much as they are interested if they will ever see those $$$ again.
I whole-heartedly believe that we will see our money (and then some) as well as CSHD becoming fully reporting again.
Things aren't as they seem....with CSHD and with certain individuals.
If this trades again for over 1 buck I will sell all and give the money to a family in need.
Who knows how much this lesson saved me in the long haul.
Posts: 5989 | Registered: Jul 2006
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quote:Originally posted by PCola77: Ironman, can you answer the simple question of "Will people who have seen their investments in this go from $20,000 to worthless ever see their initial cash outlay again". I don't think many people here are concerned with who gets what punishment as much as they are interested if they will ever see those $$$ again.
I whole-heartedly believe that we will see our money (and then some) as well as CSHD becoming fully reporting again.
Things aren't as they seem....with CSHD and with certain individuals.
If this trades again for over 1 buck I will sell all and give the money to a family in need.
Who knows how much this lesson saved me in the long haul.
yup, that's the "silver lining" on these kinds of plays...
At the risk of boring long-time readers who have heard this before, that's why I follow the GVRPs and CSHDs of the world: I hit GVRP about a month or two into trading, and -- boy, howdy -- did I ever get a ride on the roller-coaster learning curve.
Still say the best thing I ever did as a newbie was not my early "wins" but the "foolish decision" to plop down 50 or 100 bucks on GVRP. That way, I was "invested" enough to have a possible return of somewhere between $15k and $30k.
With that much possible return (which a few Ameritraders realized), man-o-man, I was GLUED to the screen for days!
Perhaps needless to say, I got a quick lesson in DD, the parameters of PRs vs the SEC's powers, and the recognition that you can--even as an adult--talk yourself into going along with hype.
posted
Thank you for the honest answer. Would you be willing to further break it out to say whether you believe even those who have since sold will get their money, or just those still holding? And what about people like myself, who bought some on the greys near the current price, would I also be able to sell in the $1+ range, or are you saying this would be more like a disgorgement from those who made money to those who lost??
quote:Originally posted by Ironman64:
quote:Originally posted by PCola77: Ironman, can you answer the simple question of "Will people who have seen their investments in this go from $20,000 to worthless ever see their initial cash outlay again". I don't think many people here are concerned with who gets what punishment as much as they are interested if they will ever see those $$$ again.
I whole-heartedly believe that we will see our money (and then some) as well as CSHD becoming fully reporting again.
Things aren't as they seem....with CSHD and with certain individuals.
Posts: 5502 | From: Southeastern PA | Registered: Jan 2006
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In short, I believe all shareholders, whether holding pre-10/16 or grey shares will benefit when this ride is over.
Now the tricky part....I am not sure what happens to those that have sold pre-10/16 shares. As I recall from discussions with Harris, a shareholder of record at the close on October 16, 2006 is subject to the 6:1 TPR, thus in its purest form even those that have sold after pre-10/16 after 10/16/06 should still have shares at some point in the future. Those shares will hold value as any other share.
Now, one other item. I have never asked this question of anyone that would "know", but I personally feel that a grey share or a pre-10/16 can not be of a separate class, meaning they can't be priced differently. The only difference being the obvious 6:1 award due to a pre-10/16 owner.
Posts: 98 | From: Nowhereville, USA | Registered: May 2008
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posted
Finally, you and I agree about something. Was curious if you would claim that they would/could be treated differently as I seem to remember Rufus saying in the past.
quote:Originally posted by Ironman64: but I personally feel that a grey share or a pre-10/16 can not be of a separate class, meaning they can't be priced differently.
Posts: 5502 | From: Southeastern PA | Registered: Jan 2006
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In short, I believe all shareholders, whether holding pre-10/16 or grey shares will benefit when this ride is over.
Now the tricky part....I am not sure what happens to those that have sold pre-10/16 shares. As I recall from discussions with Harris, a shareholder of record at the close on October 16, 2006 is subject to the 6:1 TPR, thus in its purest form even those that have sold after pre-10/16 after 10/16/06 should still have shares at some point in the future. Those shares will hold value as any other share.
Now, one other item. I have never asked this question of anyone that would "know", but I personally feel that a grey share or a pre-10/16 can not be of a separate class, meaning they can't be priced differently. The only difference being the obvious 6:1 award due to a pre-10/16 owner.
Really, now that's interesting. How would one entail to award shares based on pre 10/16 vs post 10/16? It would be a nightmare and the fact that an Ex date was never determined to award those shares would also present a legal nightmare. But since we are suspending disbelieve here please tells us the logistics of how this could ever be accomplished.
Posts: 3095 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by PCola77: Finally, you and I agree about something. Was curious if you would claim that they would/could be treated differently as I seem to remember Rufus saying in the past.
quote:Originally posted by Ironman64: but I personally feel that a grey share or a pre-10/
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