posted
First off, I have no idea whether this will turn out positive or negative. I just want to make sure people get the right information. I was listening last night and Mr. Harris(Rufus) said in no uncertain terms that option "A" was out it would not happen. It needed no further discussion. He was honest in talking about option "B" saying if every shareholder opted for it it would bankrupt the company and that the first thing they(the board) needs to do is secure the health of the company. He also stated that Option "C" was 95% ssure of happening and went into quite a bit of detail why. If you want ot hear more it will be posted on the CVSU.US website.
Also for those saying he will be rich once this deal goes through. You may be right but he won't be able to sell his shares. They will be restricted as he is an insider. He will have to wait and file the proper forms before he can sell. His ability to sell will be down the road somewhere. He has much more to gain by this succeeding and maintaining that success than for it to open at $15 and then nose dive.
The true key will be the 10K. It's those numbers that will decide whether the price will be supported or not. Whoever is uncomfortable should sell take their profits and get out, that is their right and nobody should say a word about it.
all I care about is that people have the right information upon which to base their decisions. So far I haven't decided whether to sell or see it through. Next week will help me make that decision if the PPS continues to rise, at somepoint I will secure enough profit and ride the balance into the merger and take my chances. That's my decision for now. Everything is subject to change.
Do solid DD. Take no one's word for anything. Check on it yourself. What I read on these boards just allows me to do further DD. It's a launching point.
quote:Originally posted by betting babe: i sold 20,000+ shares and im out with a nice tidy profit, just for the record.
too many things making me uncomfortable about this - maybe theres a gain to be had, but we'll see about that more come monday.
when rufus started throwing in the illnesses he had yesterday, i had a flashback. not a lotta ceos discuss their private ailments in pubic... and then theres the 8-K option A, and those businesses that no one else wants that lead to more shares in more companies...
well, glta!!!
~BB
So let me get this straight, Mr. Harris talked about his illness and because of that you sold your shares? LOL Oh well, if that's your investment strategy, who am I to disagree? LOL
Atomic... IMHO...You'd be a wiser trader if you learned from the decisions Betting Babe makes...Your choice who you listen to...In my experience BB has always done her DD and has been around long enough to make profitable trading decisions...A very good contact to have in pennyland...IMO and a lot of other folks who've been around...Good luck
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posted
Wow, what a week. I got on vacation and we have like 25 pages, I come back and we almost have 125 pages. 2 of my 3 sell points we hit, so good week for me. We will see if my 3rd sale point is realized one day.
Doniboy, did you ride it out? I don't wanna read 100 pages. Last I remember you were pretty much in the red, having a bad trade week. Best thing I did was put the sale points in and go away.
GLTA!
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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posted
In case anyone missed it the difference in the wording of the PR and the 8K that BB was referring to:
2.6 of the 8K:
(a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price
July 19 PR:
1.) If the Market Closing Price on the Completion date exceeds $15.00 (Fifteen) USD the Surviving Holdings Corporation may option to maintain that days Market Closing Price.
From 1.1 of the 8K:
"Actual Average Closing Price" means, with respect to the Buyer's Stock, the average of the daily closing sales price thereof on the Over the Counter NASDAQ Bulletin Board National Market System during the twenty (20) trading day period ending three (3) Business Days prior to the Closing Date, as reported in The Wall Street Journal.
-------------------- ......in Psychiatry circles it's known as a "warning sign"
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so, please tell me am i wrong? go to the recording part 1 at time 6:20
here's 2.6 - A (as written) (http://www.sec.gov/Archives/edgar/data/757563/000129707706000046/fhaul8-kmerger signed.htm)
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company ...shall elect, in its sole discretion, to: (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price;
he says it applies only if the pps is MORE THAN $15. then he says LESS THAN. he says read the first line.
I copied this from the form 8-K. check out (a) and the last sentence. It seems like a and c could be a problem.
In (a) From 1.1 of the 8K: "Actual Average Closing Price" means, with respect to the Buyer's Stock, the average of the daily closing sales price thereof on the Over the Counter NASDAQ Bulletin Board National Market System during the twenty (20) trading day period ending three (3) Business Days prior to the Closing Date, as reported in The Wall Street Journal.
This could be a real low price.
In (c) according to the last sentence the deal could be scrapped and then the pps will go back where it started.
2.6 AVERAGE CLOSING PRICE ADJUSTMENT.
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company shall deliver written notice to the Company no later than the second (2 nd ) Business Day preceding the Closing Date pursuant to which the Surviving Holdings Company shall elect, in its sole discretion, to: (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price; (b) set the Average Closing Price at $15.00 and pay the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ) an amount in cash equal to $15.00 minus the Actual Average Closing Price per share of Buyer's Stock to be received by such holders of Company Shares; or (c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ). In the event that the Buyer elects option (c) described above, the Company may terminate this Agreement by providing the Buyer written notice of termination no later than one (1) Business Day prior to the Closing Date.
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posted
Sandor yes that is correct. If (c) is chosen they can nix it:
In the event that the Buyer elects option (c) described above, the Company may terminate this Agreement by providing the Buyer written notice of termination no later than one (1) Business Day prior to the Closing Date.
-------------------- ......in Psychiatry circles it's known as a "warning sign"
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posted
If a) is picked then our $1 PPS will turn into around $.20 pps at opening. If b) is picked then there is no money in company and it will fold. If c) is picked we might open at $15 OR they might cancell the deal if this whole arrangement was BS anyway. MY STOMACH HURTS!
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Here's the thing that most seem to be missing..and if it has been pointed out, I apologize in advance...in the 8k..there is NO TIME frame to cancel the merger...and since Rufas now already "owns" FHAL he can now legal do what ever he wishes...look in the 8K..it is there...just keep in mind that Rufas IS THE OWNER of FHAL as of sometime in June...
On the flip side...CVSU is not traded..."He" wants to get CVSU traded on the open market...FHAL is traded on the market...it's a way to get it done...food for thought and IMO...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by betting babe: so, please tell me am i wrong? go to the recording part 1 at time 6:20
here's 2.6 - A (as written) (http://www.sec.gov/Archives/edgar/data/757563/000129707706000046/fhaul8-kmerger signed.htm)
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company ...shall elect, in its sole discretion, to: (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price;
he says it applies only if the pps is MORE THAN $15. then he says LESS THAN. he says read the first line.
he makes my head spin. i trust my eyes.
opinions please?
~BB
not quite following this specific post, BB...but I *think* we're on the same page re contradictions...
The filings I've read, coupled with the PRs, leave much, much wiggle room...
have been out much of the day, so I may easily have missed something.
My long-term interest has become the "loophole" whereby CEO/company can "adjust" the pps...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Yes, i listen to him last night live and i am going back over it to make sure i have not missed anything. Still have shares in this, have not sold one yet.
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sandor...yes..he can cancel the deal...BUT I don't see a benefit to him to do that...the only thing I could see..is if the PPS isn't where he might want it to be at the time of close on the 28th...I see no other benefit to him canceling...
I am in this...and I find it very interesting...looking forward to the outcome...but all be careful...and don't panic sell! Not the way that this may have been shorted...GLTA!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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10of13 where can I find that "and since Rufas now already "owns" FHAL he can now legal do what ever he wishes...look in the 8K..it is there...just keep in mind that Rufas IS THE OWNER of FHAL as of sometime in June.."
If this is true doesn't he still have to follow choice a, b and c?
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quote:Originally posted by sandor butosi: If a) is picked then our $1 PPS will turn into around $.20 pps at opening. If b) is picked then there is no money in company and it will fold. If c) is picked we might open at $15 OR they might cancell the deal if this whole arrangement was BS anyway. MY STOMACH HURTS!
I thought they couldn't cancel it anymore, even if they wanted to, since the merger is complete at the SEC, that's what I've heard at least. Or am I talking out of my a**? lol
PS is it weekend again? DAMN IT!!!!!! i want my stocks!!!! *cries*
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TEX you have been around the block. Can you comment on any saftey issues here?
IH is going crazy. If a positive answer can come out of allstocks it would be nice if someone could share the good news to quiet them down.
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posted
Rufus just said that they CANNOT cancel the deal any longer. It is a done deal, 100% done, THE DEAL IS DONE, no canceling, deal done...Listen to the interview.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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FHAL is being "reorginized"..."Bancrupt"...CVSU is being consumed by FHAL(according to this...that is "how" Rufas can stop trading on the closing date of the 28th (or what ever date) and re-open the next day at a "PPS" that "he" sees fit($15)..Livinon..this may be the loop hole that you are looking for...
If all listen to the interveiw...you may understand...TEX...have you heard it?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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Doniboy you said "Rufus just said that they CANNOT cancel the deal any longer. It is a done deal, 100% done, THE DEAL IS DONE, no canceling, deal done...Listen to the interview."
But the 8K says in black and white:
(c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ). In the event that the Buyer elects option (c) described above, the Company may terminate this Agreement by providing the Buyer written notice of termination no later than one (1) Business Day prior to the Closing Date.
The opporunity to choose option c) has not presented yet and the last sentence above gives an out clause if option c) is choosen. Is there wording somewhere in the 8k that negates this option?
Sorry to be a pain but if these questions are answered then these Q&A's should be spread to all boards to support this stock.
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