posted
At this time...until all papers are filed with the SEC..."he" can back out...now the SEC could have them and we are unaware of that...and yes RUFAS claims that it is done...I would simply like the SEC filings to be presented to the public...and then "I" will consider it a done deal! let's hope they show up on Monday...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
If the board chooses option a) and the price is $.20 then what happens to the share holders in CVSU who think they have a $30 pps stock? Are they in trouble? Why would they agree to this option in the 8K if the would loose so much money unless the value of their company is no better?
posted
He said that once the majority share holder (Alexander) voted yay for the merger, it was completed. Its closed, they just added a 15 day period to get their ducks in a row and to let others get in on the deal.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
I spent some time transcripting one of the questions and response in regards to what to expect for the share price. The text for Rufus's response is verbatim (or darn close).
Rufus comments, part 3, starting at time 10:08
Question by Danbar8 (paraphrased): I bought in at $1. How do you think the shares will look next Friday?
Rufus: I’ll answer the question is this way. If I was in your shoes and I knew what I knew right now. I would buy every damn share I could get my hands on. I would – physically. If I could resign and buy, I would buy. People are concerned about it maintaining the $15/share. I don’t see how you’re concerned about it. Are you concerned that you’re going to sell? If you’re asking the question? If you’re asking that question because you’re going to sell you evidently think everyone else is going to sell. Alright, let there be 40 million – 50 million shares going at $15 . . . the major institutions are going to pick it up and institutionalize it. I don’t think there is going to be too many shares left at the $15 range to be honest with you. I think it will be picked up by the institutions very shortly . . . once it gets up over this buck fifty and everybody quits playing this stock and trying to cut their profits on a . . . between the dollar ten and a dollar twenty five . . . what I don’t . . . evidently a lot of people out there think this is a scam and they’re playin’ this game with this stock. What they need to do is just sit on the stock and let it go and quit trying to flip it, quit trying to make a 10 cents, sit back and make $10!
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quote:Originally posted by sandor butosi: 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.
Me? For tough DD, I would spend the entire weekend going over SoS filings (Sec. of State) in pertinent states, re each n every entity they claim... haven't seen any SoS reports, yet
Personally, at the moment, I'm interested mainly in the "tax thingee" whereby company/CEO can "reset" the trading price...
lottsa plays could promulgate if that "loophole" is real
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by sandor butosi: If the board chooses option a) and the price is $.20 then what happens to the share holders in CVSU who think they have a $30 pps stock? Are they in trouble? Why would they agree to this option in the 8K if the would loose so much money unless the value of their company is no better?
ANY ONE, HELP!
Sandor...take a deep breath...slowly let it out..LOL...it's the weekend...you can't do anything or change anything at this time...relax...
You are right..Rufas and the others have alot at stake..and I do not think that they would choose option A...that choice (IMO) is in case the PPS was already at a high number...all of this wording in the 8K is for one purpose...and one purpose only...to protect his a$$-ets...if his grand plan fell through...he is going to do what is best for HIM and CVSU...we are taking a chance on this..and there is NO guarantee...Once they file the SEC forms...and this "merger" is "set" in stone...then you can probably take the higher price to the bank! That should be done in this coming week! (I am thinking Tuesday or Wednesday)
Breath in...slowly breath out...LOL
GLTA!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
Can someone point out to me where Rufus owns the company if the merger is cancelled? I sure didn't read that and it would make no sense. If a merger is not completed FHAL would stay as it is now. No additional value added from the addition of CVSU assets.
Now, how does any of the mangement of either company benfit if the either the merger doesn't go through or Options "A" is taken? Management of both companies(At this time) are insiders and cannot "legally" sell their shares. The only way they gain is if the PPS increases and stays up.
I don't care what contract there is there will always be loopholes. Think of endorsement deals that Athletes get, there are always clauses written into them. It's called protection.
The other thing that bothers me somewhat is that people actually expect a guarantee. I know of NO company that gives a guarantee. We buy stocks based on potential. Heck even if you buy Google or Apple it is based on guidance of futures earnings. Some companies meet or exceed earnings expectations others do not. There is no guarantee as to how a company will perform in the future. It just does not happen. Let us at least be real about that.
I do believe this stock will merger and open at $15 dollars under the symbol CVSU.OB. It doesn't mean that anyone of us will be able to sell for $15 or more. What concerns me more than anything else is, how long will it take my broker to allow me to trade under the new symbol. If it takes days or weeks, that could be a problem. If it's hours or a day. I doubt that the price will go from $15 to .20 in one day. It could but I would think it would take at minimum a few days. Heck I was just looking into EAGM which reversed merged into ONCO a few weeks back. After they did a R/S of 1/1000 the price was $10. it took a bit for it to fall to .10 but the difference was a R/S and a company taking over that to this day has yet to put out it's first PR.
Caution is always neccessary when trading any stock not just pennies. Rufus is on record via the interview last night and the MP3 saying this is a done deal and cannot be cancelled. If he cancels it he stands to face years of litigation and spend tons of money defending himself. If you belive that is what will happen sell before the merger. If I felt that was the case I'd make sure I would not be holding the stock through the merger.
As I said before, I have no crystal ball that tells me how this will work out. I have yet to meet that extremely rare person who fortells the future and is never wrong. Please if anyone has met that person or does meet that person PM me immediately I want to talk to them. We are all speculating here just like we do everytime we buy a stock and trade it. There is no right and no wrong. I've seen a few scams and lost on a few, IMO this isn't one. I could be wrong wouldn't be the first time but it just seems to me that Rufus and company have much more to gain by this going through than for it not to. Heck if I were running a scam, I'd push this through sell as much stock as I could after I stabilized the price above $15 and then get lost. I'd be facing the same charges so why not go for the gusto.
No matter what I wish everyone the very best of luck. Buy, Sell or Hold but make it your own decision after looking into things for yourself. Don't believe or anyone else. It's your money make your own decisions and please don't blame anyone after this is over because you stayed in or got out. If you do, you need to quit trading. Or just hand your money over to the individual who influenced you and walk away hoping that someday they will send you a check for your investment and any gains you may have made. I know it sounds harsh but it's the truth. I have learned much from some on this site but will never just follow them without spending whatever time it takes to make me comfortable with my decision.
quote:Originally posted by sandor butosi: If the board chooses option a) and the price is $.20 then what happens to the share holders in CVSU who think they have a $30 pps stock? Are they in trouble? Why would they agree to this option in the 8K if the would loose so much money unless the value of their company is no better?
ANY ONE, HELP!
Sandor...take a deep breath...slowly let it out..LOL...it's the weekend...you can't do anything or change anything at this time...relax...
You are right..Rufas and the others have alot at stake..and I do not think that they would choose option A...that choice (IMO) is in case the PPS was already at a high number...all of this wording in the 8K is for one purpose...and one purpose only...to protect his a$$-ets...if his grand plan fell through...he is going to do what is best for HIM and CVSU...we are taking a chance on this..and there is NO guarantee...Once they file the SEC forms...and this "merger" is "set" in stone...then you can probably take the higher price to the bank! That should be done in this coming week! (I am thinking Tuesday or Wednesday)
Breath in...slowly breath out...LOL
GLTA!
If you had posted that a few minutes earlier I could have saved myself sometime and my fingers which don't work as well as they used to. I also don't think it's a good idea for me to post after unwinding with a few beers and a couple shots. Looking at my post now, I can get long winded. Sorry.
quote:Originally posted by wallymac: 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.
GLTA Wally
I wanted to repost this to drive a point home. Your a WISE CEO of a company and you want to make a lot of money. So you decide to merge with another company. The company you own(CVSU) is NOT trade publicly but you own 7 million RESTRICTED shares, so you merge with a bankrupt publicly trading company(FHAL). You spend tons of money, filing paperwork with the SEC, put out press releases talking about people joining your company from major corporations(AISS) that you are in aquisitions with. Go in public and explain the way you plan to increase the PPS to $15(interview last night) just so that you can screw your share holders at the last minute so the PPS falls to vertually nothing and no one ever wants to buy again, so you can hold RESTRICTED shares of a worthless company for years to come. Now does that make sense to anyone. I believe Rufus wants to make money(SO DO ALL OF US), so by screwing all of us, just how much money to you think he'll make. He said last night that he cannot own ANY FHAL shares right now(8k). So until CVSU completes the merger, creates a profitable business/stock, explain to me the benifit of not following through with his plans? If he was the owner of the company already with, NONE restricted shares, I would have sold a long time ago. SELL OR BUY, I don't care, but please give me a GOOD reason why. Until Rufus gives me a good reason or doesn't follow through on something, then I'll give him the benifit of the doubt. This of course is just my humble opinion. -Cassity
posted
wally asks; Can someone point out to me where Rufus owns the company if the merger is cancelled?
look back in the filing for FHAL...you will notice that they are filed with Rufas's name in July but signed around June 8th...he already owns FHAL...but that does not mean that he will still "merge" the 2 companies...although i "believe" it will happen...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by 10of13: wally asks; Can someone point out to me where Rufus owns the company if the merger is cancelled?
look back in the filing for FHAL...you will notice that they are filed with Rufas's name in July but signed around June 8th...he already owns FHAL...but that does not mean that he will still "merge" the 2 companies...although i "believe" it will happen...
Help me out here. A merger agreement was signed not the sale of the company. In fact the scenario here is actually that FHAL is the buyer. Yes for paperwork purposes but It's still a reverse merger I have yet to see that Rufus or anyone else has paid one penny to obtain FHAL. It looked to me like the Management of FHAL was being rewarde with additional shares in FHAL. Please correct me if I'm wrong.
posted
Thankyou cassity!!!! I feel better. Your logic makes sense.
Doniboy states: "He said that once the majority share holder (Alexander) voted yay for the merger, it was completed. Its closed, they just added a 15 day period to get their ducks in a row and to let others get in on the deal."
There is nothing in writing supporting RUFUS's statement. Please tell me I am wrong. cassity gives a logical reason behind RUFUS's intent that makes the most sense from a factual as well as a psychological standpoint.
My question still is:
Option a, b or c still needs to be excercised. Getting alexander on board was done before they released the 8K. This deal can still be cancelled under option c). RUFUS makes it sound like a done deal but the 8K black and white say differently. Please find in writing where I am wrong. I want to be wrong! I would love $15 pps!
Please, can some on give a legal reason why RUFUS or his board could not cancell this deal. Cassity gives a very logical explanation and that is worth one xanax or beer. This answer will help us all. Also does any one have info on CVSU's true value? If they are solid they won't go for choice a).
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quote:I think it will be picked up by the institutions very shortly . . . once it gets up over this buck fifty and everybody quits playing this stock and trying to cut their profits on a . . . between the dollar ten and a dollar twenty five . . . what I don’t . . . evidently a lot of people out there think this is a scam and they’re playin’ this game with this stock. What they need to do is just sit on the stock and let it go and quit trying to flip it, quit trying to make a 10 cents, sit back and make $10!
Those of you who weren't able to listen in yesterday, it was kind of funny hearing exasperation in his voice. Right after that, someone asked (paraphrasing here) "Why would someone sell, if they knew this stock had the potential to go up to $15.00 or $30.00? And he said something like, "Heck, I don't know. To pay their electric bill?". LOL
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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quote:Originally posted by sandor butosi: Thankyou cassity!!!! I feel better. Your logic makes sense.
Doniboy states: "He said that once the majority share holder (Alexander) voted yay for the merger, it was completed. Its closed, they just added a 15 day period to get their ducks in a row and to let others get in on the deal."
There is nothing in writing supporting RUFUS's statement. Please tell me I am wrong. cassity gives a logical reason behind RUFUS's intent that makes the most sense from a factual as well as a psychological standpoint.
My question still is:
Option a, b or c still needs to be excercised. Getting alexander on board was done before they released the 8K. This deal can still be cancelled under option c). RUFUS makes it sound like a done deal but the 8K black and white say differently. Please find in writing where I am wrong. I want to be wrong! I would love $15 pps!
Please, can some on give a legal reason why RUFUS or his board could not cancell this deal. Cassity gives a very logical explanation and that is worth one xanax or beer. This answer will help us all. Also does any one have info on CVSU's true value? If they are solid they won't go for choice a).
I'll take a shot. How about RUFUS went on record last night and it was taped. He stated it was a done deal and there was no backing out. That was a direct address to shareholders and he acknowledged he was addressinf shareholders and potential shareholders. As CEO he does have cetain responsibilities and one of them is his public statement.
If he backed out at this point, IMO, not only would he be liable civily but criminally for fraud. Just my take.. Take it with not only a grain of salt but a whole shaker.
posted
I wonder if we could get this thread moved over to the "hot stocks" board and then the other thread locked, so that we are only posting to one thread. I'm getting dizzy checking two threads. And it would probably be better to have all the info in one place.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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quote:Originally posted by Jo4321: Transcribed by MT Mr. Harris said:
quote:I think it will be picked up by the institutions very shortly . . . once it gets up over this buck fifty and everybody quits playing this stock and trying to cut their profits on a . . . between the dollar ten and a dollar twenty five . . . what I don’t . . . evidently a lot of people out there think this is a scam and they’re playin’ this game with this stock. What they need to do is just sit on the stock and let it go and quit trying to flip it, quit trying to make a 10 cents, sit back and make $10!
Those of you who weren't able to listen in yesterday, it was kind of funny hearing exasperation in his voice. Right after that, someone asked (paraphrasing here) "Why would someone sell, if they knew this stock had the potential to go up to $15.00 or $30.00? And he said something like, "Heck, I don't know. To pay their electric bill?". LOL
Jo
That was good but to me the best line was something like; You've been playing pennies too long. Stop treating this like a penny stock.
I actually found him to be very forthright in his answers even at times when he could have used an out to not answer.
posted
wallymac, then that leaves choice a) as the only remaining danger. Is there any reason anyone can think of why RUFUS would not choose choose a)?
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posted
Yes, I answered it. He has anywhere from 7-9 Million shares of CVSU. If he chooses option "A" the price as of today would be 1.14. Now he has the choice that those 7-9 Million shares could either be 1.14 monday, if it was halted today, or $15 dollars.
posted
I think today was a good show that people are holding their share. What this stock needs now is NEW money, and Rufus made it very clear to leave that up to him. Damn if I only knew what Rufus does.(I think it'll be SWEEEET) GOODNIGHT
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.
The price will be more like $.20. If the true value of CVSU is under $.20 then he would be ahead under choice a). Can any one comment on the true value of CVSU. If it truly is high then copy the answer to your post. Every one please copy page 122 starting with betting babe and ending on page 124 and post and spread these answers around the world and this will support a fast rise in pps. Keep posting it for the next 2 weeks and we will all be in good shape!
quote:Originally posted by cassity: I think today was a good show that people are holding their share. What this stock needs now is NEW money, and Rufus made it very clear to leave that up to him. Damn if I only knew what Rufus does.(I think it'll be SWEEEET) GOODNIGHT
Pumper
-------------------- ......in Psychiatry circles it's known as a "warning sign"
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quote:Originally posted by cassity: I think today was a good show that people are holding their share. What this stock needs now is NEW money, and Rufus made it very clear to leave that up to him. Damn if I only knew what Rufus does.(I think it'll be SWEEEET) GOODNIGHT
quote:Originally posted by sandor butosi: wallymac
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.
The price will be more like $.20. If the true value of CVSU is under $.20 then he would be ahead under choice a). Can any one comment on the true value of CVSU. If it truly is high then copy the answer to your post. Every one please copy page 122 starting with betting babe and ending on page 124 and post and spread these answers around the world and this will support a fast rise in pps. Keep posting it for the next 2 weeks and we will all be in good shape!
Spread this word and new money shall arrive!
Thank you all!!!!
All opinions have the same validity at this point but logically what makes more sense. As I said the problem may or may not be what it's sold for after the halt. Everybody make up your own mind.
posted
It will be option C because Rufus said so, no different than a PR. It will open at $15 because Rufus said so, same as an issued PR. I can't tell you to believe him, but I have chosen to at this moment. Your skepticism is certainly understandable, and Cassity certainly is a logical dude, however, if you are looking for an absolute written guarantee, you will not find it. I wish we could
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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quote:Originally posted by Doniboy: It will be option C because Rufus said so, no different than a PR. It will open at $15 because Rufus said so, same as an issued PR. I can't tell you to believe him, but I have chosen to at this moment. Your skepticism is certainly understandable, and Cassity certainly is a logical dude, however, if you are looking for an absolute written guarantee, you will not find it. I wish we could
Though I beleive that it will be the case. In all fairness, he did not say 100% for sure that it would be the case.. He said 95% sure which leaves him 5% wiggle room.
Just trying to be fair to any newbies reading this thread. This is not a sure thing. There are some loopholes and other events that may occur.
DO NOT, I REPEAT NOT SELL THE FARM OR MORTGAGE THE HOUSE TO PUT YOUR MONEY INTO THIS.
It is very speculative and has as much risk as reward. I will only risk what I can afford to lose.
posted
geez.. haven't read the thread since close and seeing all these issues.. why are they being raised now? and not last nite? was there some new development that i missed?
posted
Anyone wanna buy a farm? Just kidding. Someone on Ihub said that they spoke to Scottrade who told then that they may not be able to trade shares online for a week after the symbol change. Any truth to this?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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quote:Originally posted by Doniboy: Anyone wanna buy a farm? Just kidding. Someone on Ihub said that they spoke to Scottrade who told then that they may not be able to trade shares online for a week after the symbol change. Any truth to this?
It's possible. I trade with Scottrade and I know that they are not the quickest kids on the block especially when it comes to penny stocks. Not their priority. I may have to change brokers. This is a concern I have had. How ever much anyone believes in the company CVSU, how would you feel if you were not able to trade for a week.
I'll give you a scenario that is possible but may never happen. The stock goes to $50, Scott won't let you trade, so you have to hold. 2 daye later the PPS is dropping, it's at $12.00. But you still can't trade. A week later, when you can finally trade the PPS is at $1.00 and falling now you can trade but you are last in line so it blows by your sell at .75 and you end up selling at .25,
I'm not saying that it will be the case but it is possible. Like I said I deal with Scott and maybe it's time we put some pressure on them to get on the ball so that we can have a fair chance to sell our shares. I cannot do it by myself.
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