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I had meetings all day Cass, but I still have just as many shares as yesterday. All the shorts are coming out in force to bash over on Ihub. Especially now since we only made 4.72%...lol. If I had a stock to make that much every day I would retire.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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why didn't they just explain that in the first place instead of "it will"... they really should release that in a PR tomorrow or tonight... my eyes would be glowing green;)
hows camping doni... or how was it?
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN?
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quote:Originally posted by Doniboy: Here is what Rufus told me about the price adjustment:
The Merger qualifies as a tax-free reorganization under Section 368 of the Internal Revenue Code of 1986, as amended, meaning that as the Reorganized Holdings Corporation begins to trade it has an option to adjust the market (trading price) to reflect the new Reorganized Holdings Corporations audited financials as it reflects on the per share book value.
great....thanks
opens a whole new line of inquiry...
don't know much about these things, but it does seem to limited to specific entities:
quote:Section 1.351-1(c)(1) states that a transfer to an investment company will occur when (i) the transfer results in diversification of the transferors' interests and (ii) the transferee is a Regulated Investment Company (RIC), Real Estate Investment Trust (REIT), or a corporation more than 80 percent of the value of whose assets (excluding cash and non-convertible debt obligations) are readily marketable stocks or securities. Section 1.351- 1(c)(5) provides that a transfer ordinarily results in the diversification of the transferors' interests if two or more persons transfer nonidentical assets to a corporation in the exchange.
have no idea whether their bonds would qualify as "readily marketable," but would like surely like to understand the mechanism of adjusting "market (trading price)."
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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rufus says yes they are readily marketable... they're even loaded into.................... couldn't understand him. he's in a hurry trying to get into the interview site. he's having a problem with it haha. hopefully he gets in. he said he was about to call them to figure it out
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN?
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P Rowds, camping sucked. I was on my laptop, on a crappy WIFI connection that shut off every ten minutes next to several screaming children when I saw the stock jet into the .60's for the first time. I immediately hopped in the car and told the wife to meet me at home (she had her car too). She wasn't mad because I made her some dough
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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quote:Originally posted by P Rowds: haha... na cass, i'm tryin to get on his speed dial;) gimmie all the latest info... haha, i dunno why no one else tries to talk to the guy.
haha, doni... how long you camp for? bet it was hot as hell too.... nothing worse than listening to screaming children and sweating your ace off:)
Hey Rowd, i only needed to call once...ya know so I would get that warm fuzzy feeling. Now i dont have to cuz youre so nice, and apparently persistent.
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quote:Originally posted by yayplaya: its 16:05:52 1.49 2,000 shares... last night someone buys way above ask and again tonight...whats up with that?
This is my idea why those late high trades went through the past two days.
If you read the form 8k and under the definitions part look at the average closing price,"...20 trading day period ending 3 business days prior to the closing date as reported in the Wall Street Journal."
This will be the price everyone is asking about,if it's under $15 they have 3 options.Hopefully they won't choose option A, to keep it at that price.
I couldn't find the symbol and closing price in either the printed or online versions of the WSJ.
Just a thought,correct me if I'm wrong. GLTA
-------------------- "I WOULD HAVE MADE A GOOD POPE." RICHARD M. NIXON
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I had a funny thought, tell me if this sounds at all familiar to you all.
I feel like i have a lotto ticket in my hand, i already matched 5 numbers and the announcer says "And we will tell you that 6th number NEXT WEEK!"
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quote:Originally posted by milliam: Questions regarding the float and all...
If Rufus says they've bought up what they think the float is and they don't know where these shares are coming from, then what will happen when they change the symbol over. I mean, if there are tons of shorts out there, will the shorts just carry this over or is there going to be a huge squeeze there?
I'm hoping that when they change the symbol over and raise the price to $15, they will PR that there's some tiny amount of O/S and float. This and some great audited financials. Then, maybe it will stay at or above the $15. If not, I'm afraid of the amount of sales at $15 that will be entered.
Or simply, someone is not telling the truth? If the float was "bought up by Rufus" do you think the pps should be higher that just over a buck?
And now, they won't release float numbers?
From iHub regarding the float:
RonnieD -- "keep in mind.. there could be only 5 million left in the float, but as long as buys and sells remain roughly equal it will not explode.. but when the buying over selling ratio goes heavily positive, the scramble for the remaining shares will easily drive this 3+.. that's why this stock is on the precipice of nose-bleed level appreciation."
In my opinion, most of the selling we saw today was MM shorting. A few MMs were definitely doing a lot of selling today, in particular VIEW, and it looked like someone through ARCA perhaps. They did their best to stall every run, and succeeded. NITE getting stuck at $1.50, and then disappearing, on the open didn't help either. I believe they have begun to cover, however, and we should see it run up tomorrow if everything from the interview sounds good. Happy Trading!
good theory voodoo... very possible but i confirmed with rufus numberous times that the ticker symbol won't change till the 28-1... he said the hold period would probably only last a day...
ummmmmm..... oh, does anyone have a username for traders corner? my damn log in didn't send me an activation key to my e-mail so i don't think i'm gonna be able to listen to this interview. if the option is available someone should clarify so all can here that there won't be a split and they should release a PR explaining how they can open at that price. I really don't want to call again tonight:D
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN?
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quote:Originally posted by Doniboy: Here is what Rufus told me about the price adjustment:
The Merger qualifies as a tax-free reorganization under Section 368 of the Internal Revenue Code of 1986, as amended, meaning that as the Reorganized Holdings Corporation begins to trade it has an option to adjust the market (trading price) to reflect the new Reorganized Holdings Corporations audited financials as it reflects on the per share book value.
great....thanks
opens a whole new line of inquiry...
don't know much about these things, but it does seem to limited to specific entities:
quote:Section 1.351-1(c)(1) states that a transfer to an investment company will occur when (i) the transfer results in diversification of the transferors' interests and (ii) the transferee is a Regulated Investment Company (RIC), Real Estate Investment Trust (REIT), or a corporation more than 80 percent of the value of whose assets (excluding cash and non-convertible debt obligations) are readily marketable stocks or securities. Section 1.351- 1(c)(5) provides that a transfer ordinarily results in the diversification of the transferors' interests if two or more persons transfer nonidentical assets to a corporation in the exchange.
have no idea whether their bonds would qualify as "readily marketable," but would like surely like to understand the mechanism of adjusting "market (trading price)."
So Tex..."he" can "regulate" the price...because "CVSU" has purchased FHAL and FHAL is going through a "name" change to CSVU and it is "being reorginized" so this quote from above applies: "...or a corporation more than 80 percent of the value of whose assets (excluding cash and non-convertible debt obligations) are readily marketable stocks or securities."
Does anyone else get the same?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by P Rowds: haha, not a problem catia:D
good theory voodoo... very possible but i confirmed with rufus numberous times that the ticker symbol won't change till the 28-1... he said the hold period would probably only last a day...
ummmmmm..... oh, does anyone have a username for traders corner? my damn log in didn't send me an activation key to my e-mail so i don't think i'm gonna be able to listen to this interview. if the option is available someone should clarify so all can here that there won't be a split and they should release a PR explaining how they can open at that price. I really don't want to call again tonight:D
My point is that we must be in the "20 day period" although the closing date has not been disclosed yet,or I'm missing it.
I was looking for the FHAL symbol in the WSJ.
-------------------- "I WOULD HAVE MADE A GOOD POPE." RICHARD M. NIXON
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I am in the chat room for the interview. Looks like there will be room for 400 people. In the first room you can see and hear what is happeing and in the second room you will only be able to hear the interview.
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written by the guy setting up the interview:
For all you guys wanting to join in the Traders Corner CEO interview of Rufus Harris tonight, the room's name is Traders Corner Live and the second room is Traders Corner Live 2. You can find it buy going to Paltalk .com, Business / Finance then go to Investments. It will be listed there. You will have to download the Paltalk program if you do not have it.
Traders Corner Live 2 will only be a piped room. You will only be able to hear the interview. Any text typed in there I will not be able to see so Head for Traders Corner Live first. If it's full you will have to sign in Traders Corner Live 2.
NO PASSWORD is required but it is limited to only 200 so get there early. The room will open at 7:30 P.M. CST.
-------------------- "Great Day for Up!"....Dr. Seuss
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P Rowds and myself are in there right now. The room is filling up fast. I think there is like 103 already. Will report as much as possible while he is talking.
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