quote:Originally posted by PCola77: You're missing the point. Whether you, Stockstar69, held the stock from $3 down to worthless, or you held it from $3 to $2 and the person you sold it to held it from $2 to worthless, the same amount of money would be lost. You care about your losses, the SEC does not care about you individually. I'm curious what you think would be an acceptable course of action by the SEC? Did you want them to keep from halting long enough for YOU to sell, so that someone else lost all their money? If that's your opinion, then you don't really care that the SEC stepped in, you just care that you didn't have a chair when the music stopped. If you have an idea for how this could have been handled better, I'm curious what it is.
quote:Originally posted by Stockstar69: Scam or not WE did not witness the rapid decline in stock price until the stock was halted by the SEC. I say again, thank you, SEC for protecting us! If the stock gradually declined like it would have our losses would have been SUBSTANTIALLY less as we would have gotten out on the way down.
not to mention that the suspension was hardly a surprise...
quote:Originally posted by PCola77: You're missing the point. Whether you, Stockstar69, held the stock from $3 down to worthless, or you held it from $3 to $2 and the person you sold it to held it from $2 to worthless, the same amount of money would be lost. You care about your losses, the SEC does not care about you individually. I'm curious what you think would be an acceptable course of action by the SEC? Did you want them to keep from halting long enough for YOU to sell, so that someone else lost all their money? If that's your opinion, then you don't really care that the SEC stepped in, you just care that you didn't have a chair when the music stopped. If you have an idea for how this could have been handled better, I'm curious what it is.
quote:Originally posted by Stockstar69: Scam or not WE did not witness the rapid decline in stock price until the stock was halted by the SEC. I say again, thank you, SEC for protecting us! If the stock gradually declined like it would have our losses would have been SUBSTANTIALLY less as we would have gotten out on the way down.
Points well taken. I wasn't really implying that my losses should be dumped on somebody else but the chair scenario is perfect. I was trying to say that most scams run their corse without SEC investigation and intervention and the stock price would have slowly declined from the high instead of in our case where it was halted, then seems to crash and now has no real market maker and trades on the grays. We are now sub penny, so they might as well just halt the stock altogether.
Posts: 2498 | Registered: Mar 2006
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quote:Originally posted by Stockstar69: Funny all those post yesterday, ahh the master plan is unveiled...
Conversion Solutions the only public company to be working in collabboration with the US Government and 40 other countries on the CERN Supercollider.
CSHD with it's 500 Billion in bonds has enought financing (more than the GNP of some of the countries working on the project) to provide much needed cash to the project.
It is reported that Rufus Harris felt confident that the activation of the collider would no doubt cause numerous stable (and unstable) black holes into other dimensions. The stable black holes could then be harnesses and used much like in the Sci-Fi Channel hit TV show "STARGATE" in which interdimensional and interstellar travel could be acheived.
In a short interview with Mr. Harris at a local Atlanta, Georgia sanitarium, he mumbled incoherently. Oddly enough, it was also at that time, approximately 8:00am central time, that the CERN Supercolider was activated in Europe and also oddly enough, at that time three Hooters Girls arrived bearing chicken wings and beer. Mr. Harris seemed to snap out of what ever drug induced state he was in and with barbeque sauce on his face yelled "to infinity and beyond"! Amazingly enough. a black hole appeared and both Mr. Harris and the three Hooters girls stepped into it and vanished.
"I'm amazed, truly amazed, he was right all along" said one CSHD shareholder in a motorized wheelchair and using the help of a computer to speak. "I'm one of the worlds smartest minds when it comes to particle physics but I didn't think it would work". The mystery genius asked that his identity not be revealed. We will call him Steven H. for the purpose of this article. Steven H. is headed back to Europe in an attempt to locate Mr. Harris (and the three Hooters girls).
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We rich yet? I could use it about now.. My main stocks have taken a hell of a beating lately. Big companies I thought were safe bets and down 50% in just 2 weeks. GRRRR.
Posts: 869 | From: Az | Registered: Sep 2006
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quote:Originally posted by TimW: We rich yet? I could use it about now.. My main stocks have taken a hell of a beating lately. Big companies I thought were safe bets and down 50% in just 2 weeks. GRRRR.
There's nothing more important facing the U.S. than market reform...literally.
Not an overhaul: An "overhaul" restores something to its original condition.
We need a full-blown re-forming of the market, from regulation all the way to individual traders.
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wow all this news about the SEC banning naked short selling, didnt the SEC tell us earlier in this adventure that naked short selling didnt exist, now they say it does, interesting, and merrill lynch going under, wasnt this part of rufus big plan from the get go, funny that all this is taking place, kinda makes rufus look not so crazy after all, lol what an adventure~
-------------------- a little at a time turns a penny to a dime! Posts: 303 | From: lake charles | Registered: May 2006
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quote:Originally posted by Tmoney: wow all this news about the SEC banning naked short selling, didnt the SEC tell us earlier in this adventure that naked short selling didnt exist, now they say it does, interesting, and merrill lynch going under, wasnt this part of rufus big plan from the get go, funny that all this is taking place, kinda makes rufus look not so crazy after all, lol what an adventure~
No, he's still crazy. CSHD didn't go under because of NSS. CSHD went under because Rufus never had what he stated he had. He kept saying it was all part of his plan. If he really had a plan and any foresight whatsoever, he would have put some money away to defend himself and the company. Of course, why put money away to defend yourself if there is no defense.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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500 some odd million of our money was supposevely in Lehman Brothers.
Lehman brothers was shorted to death and ran bankrupt, Trades are currently also under SEC investigation for fraud.
This is sad that to this day this makes sense.. for that long ago, 2 years ago, this Rufus guy to know what would happen. And one company that he chose to assocaite with on his 10K then goes bankrupt mostly due to short selling.
HMMMMMMMMMM What a coincidence !
Posts: 869 | From: Az | Registered: Sep 2006
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09/22/2008 Appellee's Mot. to Dism. for Lack of Appellate Juris.: (moot-see 10/10/08 Order) (Atty: William K. Shirey, II) Securities and Exchange Commission No 10/10/2008 DIS-4 (Letter to district court enclosing court order) issued. To:James N. Hatten; c:Harris, Rufus; c:William K. Shirey, II No 10/10/2008 Appeal is DISMISSED for lack of jurisdiction. (GBT/RLA/FMH) See file folder for complete text. No 10/10/2008 CASE CLOSED
Posts: 6 | From: Texas | Registered: May 2008
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quote:Originally posted by IrishLife2: THE FAT LADY HAS FINALLY SUNG!
FROM PACER:
09/22/2008 Appellee's Mot. to Dism. for Lack of Appellate Juris.: (moot-see 10/10/08 Order) (Atty: William K. Shirey, II) Securities and Exchange Commission No 10/10/2008 DIS-4 (Letter to district court enclosing court order) issued. To:James N. Hatten; c:Harris, Rufus; c:William K. Shirey, II No 10/10/2008 Appeal is DISMISSED for lack of jurisdiction. (GBT/RLA/FMH) See file folder for complete text. No 10/10/2008 CASE CLOSED
WAS IT OVER WHEN THE GERMANS BOMBED PEARL HARBOR????????????
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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Rufus got what he asked for. Stock halted, delisted and his day in court. And on his board, you even mention bonds, certs, etc, you got banned. If the FBI proves, without a shadow of a doubt that this whole thing was fraudulent, then I hope he gets the max penalty. Lost so much money on this scam because I (among others) believed his crap he was dishing.
Posts: 2 | From: Austin | Registered: Nov 2009
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"Lying to get investors to buy is fraud- turning it into a march against the crooked stock market is decent but if you start with a crime to uncover a crime it doesn't change the investors you screwed while you dup'd into the original effort."
As my pappy always said, "Two wrongs don’t make it right."
I didn't invest in a "Get the NSS" scheme. That was all brought to the table after the bonds were proven to be fake.
Posts: 2 | From: Austin | Registered: Nov 2009
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Harris et al finally went to criminal trial in Atlanta (flown in, one-way by the Marshal's service), and even got Alexander hauled into court THEN the dumbass took a powder, got convicted in absentia and picked up days later--in Utah...hiding in a damn broom closet. Sentencing prolly in September. What a goof: