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Anyone remember how we first heard of FHAL? I cannot remember who brought this stock to light but I certainly appreciate the one who did!!
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quote:Originally posted by ruthie: Anyone remember how we first heard of FHAL? I cannot remember who brought this stock to light but I certainly appreciate the one who did!!
Yea i remember. In early-ish June they announced the LOI for the Amazon deal and it went up some ridiculous amount in one day. Ive been sitting on those shares since then waiting for them to go get some friggin logs!
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another opinion from another board. he responds to fhal critisisms. negative question followed by honest sounding answer.
Posted by: Kapone In reply to: None Date:7/19/2006 8:41:39 PM Post #of 4383
Something I had posted on HSM earlier, I'll repost here. It may answer some of your questions.
This was the question. From Market Millionaires... lots of questions here guys, everyone is taking this as a given. Remember NDOL?
CVSU holders are the only ones getting the $15. FHAL is just becoming a shell from what i can tell and the value will be set by the market. The people in FHAL are getting a company that i know nothing about and can't comment on. The A/S and O/S are the key to setting the market value when this merges. I'm not sure what will happen here and will be watching the chart to get in and out as appropriate as a day trader only. I will not hold this stock. I am not in now and haven't been since this merger was announced.
Lemme see if I can address some of these.
CVSU holders are the only ones getting the $15. - Maybe, maybe not. As far as we know, everybody is going to get it. - Based on the 8K as well as conversations with Rufus, - and most importantly, this is a PUBLIC company, it can't just pay "some" share holders and not others. shares are shares. Whatever regulations apply to the "future" CVSU shareholders, whether they are former CVSU shareholders or former FHAL shareholders, they apply equally. The SEC would be after their butt in a second if they tried to do anything to the contrary.
FHAL is just becoming a shell from what i can tell and the value will be set by the market. - FHAL is not "becoming" a shell. It IS a shell (colloquially speaking) right NOW, however, with a 1.5B LOI from CEOTA. That LOI is not CVSU's, it's FHAL's. You think FHAL is just gonna walk away from it?? And don't forget the Credits (that can be traded as a commodity AND are probably worth more than the damned logs themselves) BECAUSE of the Amazon contract. Those are FHAL's too, not CVSU's.
The people in FHAL are getting a company that i know nothing about and can't comment on. - So?? What's the point that the poster is trying to make?? The information about CVSU is public and you can easily find it with a few hours of DD.
The A/S and O/S are the key to setting the market value when this merges. - Yes, it is. And according to several sources (and I'll have to go back dig through the DD to find out the exact numbers), the A/S or the O/S are in line with two companies merging. No additional dilution.
I'm not sure what will happen here and will be watching the chart to get in and out as appropriate as a day trader only. I will not hold this stock. I am not in now and haven't been since this merger was announced. - That's their personal choice. Just like mine. Whether they day trade this to blithereen or hold means jack to anyone else. Trading is completely a personal choice.
I hope those are succint answers. As far as a R/S split is concerned, apart from the fact that Rufus has said PUBLICLY during the interview as well as during private phone conversation, that it's not gonn happen, either now, or in the near future, there is a MORE inportant reason for it not to happen.
CVSU is hell bent on getting to the NASDAQ. I had posted lots of reasons why. Check some of my earlier posts. The OTC BB is just a stop over for them. With the POST merger float around 103 million, if I'm not wrong, they would be shooting themselves in the foot, if they do a R/S, because if they are planning on moving to the NASDAQ, they need to be able to trade AT LEAST 50K on average EVERYDAY. A 1-10 R/S will leave the float at 10 million, which is REALLY small, and may not trade 50K every day. I'm sure they don't wanna risk that. I'm not saying a R/S is completely out of the question, however, it's highly unlikely, it'll happen before the merger, or immediately after the merger.
"and most importantly, this is a PUBLIC company, it can't just pay "some" share holders and not others. shares are shares."
that's just silly. CVSU shareholders want something in return for their shares. According to "the company's" argument, CVSU shares are worth $15--hence the promise to them to get one share of FHAL, plus the difference.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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So what is everyone think this is going to do tomorrow, could we see 2$ or more this week. I am in, got in late, wish i was one of you guys that pick it up around .20 but i am happy for now. Cant wait till tomorrow.
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quote:Originally posted by jordanm: Tex...my DD led me to Broadband Wireless (BBAN or BBANE). Read about Paul Harris there in threads in the other forums. Very interesting !!!!
is that the lawsuit?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Interesting point from I h u b from BBAN owner: Posted by: Dimension In reply to: petermic who wrote msg# 35 Date:7/19/2006 10:27:46 PM Post #of 37
it's a long story...suffice to say, BBAN shareholder's are probably regretting they got rid of Harris and company.
that said, i think all of them are pumpers...but i will give Harris and his crew credits, they can move share price.
Harris was removed by a shareholder vote after he recalled the shares of all non-performing officers and fired them all, which, in hindsight, was the right thing to do. Problem is, he ticked some scam artists (the former B.O.D of BBAN) off by doing this. The old B.O.D that were fired by Harris was able to rally the shareholder base with the help of a fella by the name of Holbrook. They ooh'd and awed shareholders with all kind of promises...and shareholders bought into it gleefully, voting Harris and company out at an emergency shareholder's meeting.
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Tex...Yes and the termination of Paul and Ben. Also look up a 100 million Insurance bond which led to this termination. Also look up pinksheets for the filings and check out the 2004 8K. I googled and found a lot of interesting history of Paul and Ben. But the Bond is genuine. It is listed on the Frankfurt exchange and has a maturity of 2018, although its rarely traded (interestingly traded on 7/18/06). I cannot find any information on the Caracas group or on Ismet. One more area you may want to check history on is Waatle. This was the company that merged into CVSU.
-------------------- JMHO. Do your DD. GLTA.
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mninvestor...the last paragraph of your post from ihub is below : I don't care for any of them, BBAN or Harris & Co. but Harris & Co are better at a pump, if that is what your goal is. Whether CVSU/FHAL is a pump or not...i can't say for sure, but i suspect it is the same as your XKEM. You can go with the flow and see what happens, but you ought to be ready to be the first off as well i suppose. What i am amazed about is that Harris has committed to the $15/share price publically on several ocassions now...knowing him, i actually think he may try to pull this off simply to rub it in to those BBAN officer and shareholder's face.
all my opinion only
-------------------- JMHO. Do your DD. GLTA.
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Geeze folks reading all the crazy stories makes one want to run and hide behind a big ol boulder and peek out to see what happens!!!! At ihub it's just a lil more scarier..lol makes ya want to dig a hole and put a mirror thru the dirt to peek out and see if it'll be safe..lol Take it all with a grain of salt( it heals wounds)haha Anyways everyone it's your own call don't depend on anyone but ur own dd.. glta
-------------------- Never lookback...
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If FHAL is going to pay the difference between the PPS and $15.00 to CVSU shareholders, is the reason they were buying the float so that the laws of supply and demand will be in effect and the PPS will continue to go up? That way they don't have to pay as much to the CVSU folks?
Or was it just so they have the shares to issue to CVSU holders?
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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quote:Originally posted by Jo4321: If FHAL is going to pay the difference between the PPS and $15.00 to CVSU shareholders, is the reason they were buying the float so that the laws of supply and demand will be in effect and the PPS will continue to go up? That way they don't have to pay as much to the CVSU folks?
Or was it just so they have the shares to issue to CVSU holders?
Jo
*apparently* (from link re original 15c-211 via Livinon on other thread + my "hunch") the majority (only?) CVSU shareholders are Harris & Ben. Looks like they think they've found a way to guarantee themselves a price for CVSU shares, which are valued at $15/share, based on iffy bonds. Naturally, they'd love to get a guarantee....
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Anyone that might call Harris or Stanley...ask them how long they have been "buying" up the shares? lookin' back at the 8K's and the date on the signatures...this has been started back in June...so I am curious...how long they've been at it...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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Tex? i never found anything about who all holds CVSU ... they list several co's in their sheet... and i'm no position to properly analyse their assets.... i just don't know... i think you are getting ahead of the game here with some of your claims like (only)....
shell purchases/ revers mergers are always almost impossible to fully analyse... yes there are red flags, but no way am i saying the PPS won't go much higher....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by glassman: Tex? i never found anything about who all holds CVSU ... they list several co's in their sheet... and i'm no position to properly analyse their assets.... i just don't know... i think you are getting ahead of the game here with some of your claims like (only)....
shell purchases/ revers mergers are always almost impossible to fully analyse... yes there are red flags, but no way am i saying the PPS won't go much higher....
I have *not* run the SoS stuff, the name search stuff, the addresses, any of that....agreed
was not surprised by the court case, will concede...
lol--my claims?
All I'm basically saying is the neither the filings nor the PR support a mad rush to conclusion of "guaranteed" $15 pps "buyout."
Sure it can run higher... *I" never said that, either.
As posted elsewhere, you're one of those who taught *me*---> know "why* you're playing it....
[ July 20, 2006, 00:06: Message edited by: T e x ]
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by jordanm: glassman/Tex...Checkout this out on pinksheets Report Type Period End Date Release Date 15c2-11 $Information Statement 11/03/2005 Nov 3 2005 ET
As of that date, there were 23 million shares and 2 shareholders - Rufus and Ben.
There were only 7 employees.
This is the only information I found on the share structure.
good stuff, Jordan
thanks
got a link? lol, I'm tired...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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It's a warzone over on Ihub, lol. I'll pick up 5 - 10K shares in the morning, ride em until the 28th and see what happens. What the hell, right ?
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Hey Jordanm, Where did it say about the filing structure you mentioned? Is there something wrong with my eyes? Or are you making things up?
Conversion Solutions updates 15c2-11 broker information sheet.
KENNESAW, Ga., Aug 31, 2005 / Conversion Solutions, Inc. (OTC: CVSU) announces today that the corporation has updated the broker information sheet and is currently preparing to file the Form 10 with the SEC.
"The current process of preparing to file the first reporting documents to the SEC is the most important process that a public company can go thru, everything has to be perfect to ensure success. I would like to thank each and every officer and shareholder for their hard work and perseverance over the last few months and I am looking forward to our shared profits together." stated Rufus Paul Harris, CEO, CVSU.
About Conversion Solutions, Inc
CVSU is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CVSU's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CVSU and WHSC are headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at www.cvsu.us or e-mail us at Harris*cvsu.us.
Subsidiaries
Calleo Gourmet Coffee, Live Mortgage Free, Federal Chamber of Commerce, Bonnaema Brewing Co. and Tserof Holdings Inc.
SOURCE Conversion Solutions, Inc.
CONTACT: Rufus Paul Harris, CEO of Conversion Solutions, Inc., +1-770-420-8270 or +1678-255-7650 Email; Harris*cvsu.us
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quote:Originally posted by Jo4321: But if this is going to gap in the AM, buying now would be a good idea. Who knows when the PR is going to come out. Maybe in the pre-opening hours?
Jo
Exactly,
I bet a lot of people wish they bought at the EOD yesterday, instead of after the gap this morning.
We warned the sellers Jo, LoL
-------------------- Insanity: doing the same thing over and over again and expecting different results
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quote:Originally posted by fryyguyy: STOP the talk about the PR. IF it comes out tomorrow then so be it. Don't want ppl getting mad cause the PR doesn't show tomorrow.
I don't think anyone is mad now, LoL
-------------------- Insanity: doing the same thing over and over again and expecting different results
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Note : The information posted above is of Nov 2005. Share structure may have changed after that. I have tried to get information of it, but have not been able to find any additional information.
-------------------- JMHO. Do your DD. GLTA.
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So there are more or less basically three scenarios, right?
Scenario 1 Everything is all that the FHAL shareholders hoped for. As promised by Rufus and Ben thru all the conversations people had with them: The stock will be worth $15 per share after the merger with no R/S.
Scenario 2 FHAL pays the final difference between CVSU's $15 share value and whatever FHAL's worth when merger day arrives. (This would mean that they will buyback as many shares possible to put to work the supply demand theory, since R/S will cause a huge drop in pps)
Scenario 3 FHAL and CVSU are both scams, and it's all momentum play from now on until D-day. (But if there are more news for moving to Nasdaq, details on Amazon contract, etc continues to come, today's good looking chart, and the huge after-hour block buy, it may actually still move further ahead)
posted
Ihub is being terrorized by some idiot who is short on this stock and upset that it keeps going up. It's funny actually. I'm sure he will eventually find his way here. Just ignore him.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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