posted
i hope the confusion gives me the opportunity to buy more...i think rufus is not alone anymore with buying up the float lol
Posts: 1065 | From: switzerland | Registered: Mar 2005
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quote:Originally posted by 10of13: CRAB...i am bothered by that wording also...it's in this statement from the pr...
The share conversion upon the 10KSB filing (Audited Financial) will be a 1 for 1 ration. Each shareholder of CVSU will receive one share of FHAL
I hold FHAL...I get nothin'?
That is what I'm reading as well. The question now is, are we paying for the owners(managers) to make all this cash? This wording has me kinda freaked out now...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
it can always be messed up,but only if they hijack rufus tomorrow imo lol otherwise this will go through the roof
Posts: 1065 | From: switzerland | Registered: Mar 2005
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quote:Originally posted by Jmoove: "Each shareholder of CVSU will receive one share of FHAL. Upon the S-4 registration of the CVSU shares received through the merger agreement, the company will have 3 options at hand."
The statement above breaks down to this; CVSU current shareholders(CVSU old) will get FHAL shares, then upon the filing of the S-4 which registers the new shares and effects the symbol change. Then All FHAL shareholders (CVSU old shareholders included) become shareholders of the new symbol CVSU which then will be traded at $15. The option for the $15 applies to the new symbol CVSU which includes us as FHAL shareholders.
If the option only applied to current CVSU shareholders then the "options" 1-3 would be in effect now for them. Since the option take place after the S-4 which registers the 111 million shares now in the o/s, current FHAL shareholders are included as participants in the options.
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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quote:Originally posted by Jmoove: "Each shareholder of CVSU will receive one share of FHAL. Upon the S-4 registration of the CVSU shares received through the merger agreement, the company will have 3 options at hand."
The statement above breaks down to this; CVSU current shareholders(CVSU old) will get FHAL shares, then upon the filing of the S-4 which registers the new shares and effects the symbol change. Then All FHAL shareholders (CVSU old shareholders included) become shareholders of the new symbol CVSU which then will be traded at $15. The option for the $15 applies to the new symbol CVSU which includes us as FHAL shareholders.
How does that include us as FHAL holders?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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quote:Originally posted by Jmoove: "Each shareholder of CVSU will receive one share of FHAL. Upon the S-4 registration of the CVSU shares received through the merger agreement, the company will have 3 options at hand."
The statement above breaks down to this; CVSU current shareholders(CVSU old) will get FHAL shares, then upon the filing of the S-4 which registers the new shares and effects the symbol change. Then All FHAL shareholders (CVSU old shareholders included) become shareholders of the new symbol CVSU which then will be traded at $15. The option for the $15 applies to the new symbol CVSU which includes us as FHAL shareholders.
How does that include us as FHAL holders?
refer to post above your last post
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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Some say you can't trade after hours on OTCBB. But I know for a fact that you can using certain MM/ECN's. I read somewhere on ARCA's site that you can trade OTCBB after hours upto about 20 or 30 minutes after close.
Well, look at this...
goto www.otcbb.com and lookup FHAL and then look at the Depth/LII.
It looks like someone bought up 200,000 shares after the PR was released. At first I though (like many) that it was just a trade from the trading day... but check out the LEVEL 2, it's ASK at 1.46 already!! I think someone bought up everything from the closing price all the way up to 1.46 (200,000) exactly!
This is going through the roof tomorrow!!!!
Could someone please post this post of mine on IHUB cuz Matt has me in Jail for saying "Fuk'in" sheesh
TIA
Posts: 54 | From: Canada | Registered: May 2006
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posted
The part I am unsure about is HOW can they set the price at $15? I don't think they are guaranteeing it to be $15, but they are using this pre-dtermined price as a basis on which to gauge what to do for the CVSU shareholders. If the avg closing price post merger is less than $15, an option is to pay them the difference per share of $15 minus the closing price on that day.
Am I right here? Jmoove?
Can someone call him to confirm this?
Posts: 159 | Registered: Jul 2006
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posted
When I called a few days ago and spoke to Ben Stanley, he mentioned that there will be a symbol change to CVSU. He also mentioned that it will be halted for the symbol change. I asked how long and he said it would not take too long for it to go into effect.
Anyone know how long they typically halt trading for a symbol change?
quote:Originally posted by Livinonklendathu: I read that to be only old CVSU shareholders get it.
"The share conversion upon the 10KSB filing (Audited Financial) will be a 1 for 1 ration. Each shareholder of CVSU will receive one share of FHAL.
Upon the S-4 registration of the CVSU shares received through the merger , the company will have 3 options at hand."
he key to the PR is that CVSU shareholders turn into FHAL shareholders who all turn into CVSU (new symbol) shareholders. The CVSU shares referred to in the S-4 registration are the "new symbol" CVSU shares. That means that we are eligible for the options.
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
it is cvsu share holders. but then they become fhal holders and fhal holders become cvsu holders.... jmoove hit it on the head. this is going to burst IMO however... this will not just open at $15 but i don't think it has too. this thing is going high high high... IMO of course...
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN? Posts: 600 | From: CO, WI, contracting in Iraq... | Registered: May 2006
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posted
I have tried both STanley and Rufus...phones are off and message box full...
Jmove...i hope like hell you are right..but the way that I am seeing it is...that
all the FHAL will be given to the current CSVU shareholders...once the merger happens..FHAL and the share holders will no longer be...surviving the "merger" is CSVU...and those share holders will get 1-1 of Our shares...
WE have nothin'...that's what I see right now...
-------------------- #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 Jmoove: "Each shareholder of CVSU will receive one share of FHAL. Upon the S-4 registration of the CVSU shares received through the merger agreement, the company will have 3 options at hand."
The statement above breaks down to this; CVSU current shareholders(CVSU old) will get FHAL shares, then upon the filing of the S-4 which registers the new shares and effects the symbol change. Then All FHAL shareholders (CVSU old shareholders included) become shareholders of the new symbol CVSU which then will be traded at $15. The option for the $15 applies to the new symbol CVSU which includes us as FHAL shareholders.
Jmoove, Thanks for clearing this up. This is how I understand it, also.
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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posted
Jmoove...I bloody well hope you are right. I am going to be rich. But I read it a couple of times and I felt it is only the current CVSU shareholders. This is not to bash as I hold shares in FHAL from 0.15 and hope to make good money on it.
-------------------- JMHO. Do your DD. GLTA. Posts: 392 | Registered: Dec 2005
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quote:Originally posted by 10of13: I have tried both STanley and Rufus...phones are off and message box full...
Jmove...i hope like hell you are right..but the way that I am seeing it is...that
all the FHAL will be given to the current CSVU shareholders...once the merger happens..FHAL and the share holders will no longer be...surviving the "merger" is CSVU...and those share holders will get 1-1 of Our shares...
WE have nothin'...that's what I see right now...
Current FHAL = ~68 mill shares Current CVSU = ~43 mill shares 1 for 1 exchange = FHAL 111 mill shares S-4 then changes FHAL into CVSU (new) CVSU 111 mill shares are then give the options. Thats the way I see it
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
Good luck to all in this stock. The way I read it as a practicing lawyer is a merger which means that shareholders in both companies survive the merger. If the shareholders of FHAL were to be eliminated after the merger it would mean that it was a buyout of our shares and not a merger. My opinion.
Posts: 17 | Registered: Aug 2005
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posted
we need to hear it from the Man first, someone get Rufus on the line lol
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
The way I understand is, the shares of current shareholders of CVSU (private shareholders) is worth $15. FHAL is worth $1.40. on the 28th, FHAL might be worth $3.5 or say $7. the private shareholders would receive one FHAL share + $7 differential. This way, current CVSU shareholders do not lose anything. crrent FHAL shareholders become shareholders of a larger company, CVSU. this is what is my understanding of the entire scenario. from what I understand, nobody is going to take my $1.46 share on the 28th, and give me differential between $15 and my shares value on the 28th. am I very happy with that, heck yes. my shares bought at 0.14 have come a long way. IMO we are atleast reaching $7 and thats a 1500% increase of my investment
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
What about the halting when the symbol changes to CVSU? Anyone know how long this typically takes? Ben said there would definitely be a halt, but did not say how long..
Anyone with experience in a stock that changed symbols and halted trading temporarily?
Posts: 159 | Registered: Jul 2006
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quote: Jmove...i hope like hell you are right..but the way that I am seeing it is...that
all the FHAL will be given to the current CSVU shareholders...once the merger happens..FHAL and the share holders will no longer be...surviving the "merger" is CSVU...and those share holders will get 1-1 of Our shares...
WE have nothin'...that's what I see right now...
So what are you thinking here? Are you thinking that they've bought up all the FHAL shares that they need to give to the CSVU shareholders and that the rest that are in the hands of FHAL shareholders will just drop off the face of the earth because they are not needed?
I'm going to do some research and see if there is some percentage of stocks that needs to be owned before then new company can take over the shell company. I was assuming all along here that they had to buy all the shares.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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quote:Originally posted by eddevee: Good luck to all in this stock. The way I read it as a practicing lawyer is a merger which means that shareholders in both companies survive the merger. If the shareholders of FHAL were to be eliminated after the merger it would mean that it was a buyout of our shares and not a merger. My opinion.
Hey edde, fellow attorney here :-)
(though none of my opinions on this website constitute legal advice)
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
don't we have a financial expert here who specializes in mergers lol i am going nuts of reading all this...i want cash and a new ferrari lol
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
will current FHAL shareholders get 1 for 1 shares of the new CVSU? This would give us potentially 15X current share price? sounds too good
Or will we get one NEW CVSA for X amount of the old FHAL in order to equal $15? ex.) 15 shares FHAL x $1= 1 share of the new CVS($15 value)
Posts: 354 | From: Novi, MI | Registered: Apr 2006
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posted
Jmoove...thanks for the calculations of the 111 mill shares. Assume the share price is say at 8 the company would have to pay out 7 (15-8) * 111 million. Thats 777 million dollars as pay-out to shareholders !!! They have bonds and assets of 800+ million. But paying out 777 million or roundabouts doesn't make sense to me. Am I missing something or am I being too critical at myself. Again I am not bashing but wanting a clarification. I hold shares from .15.
-------------------- JMHO. Do your DD. GLTA. Posts: 392 | Registered: Dec 2005
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