A lot of people here said that the merger allows them to reopen trading "sort of like an IPO." Sorry, but that sort of statement shows pure ignorance. An IPO is nothing like a merger. Rufus can no more set the stock price after trading reopens than Santa Claus can bring snow to Miami in July. That isn't the way the market works. (And no, Rufus and CVSU are not going to pay anyone 15 dollars for each share of FHAL they own at week's end either.)
You obviously are the one that is showing "pure ignorance" read the filing read the "Sec rules"
CVSU is being "consumed" by FHAL, FHAL is "bancrupt"...givin that fact according to the "sec rules"...they can stop the trading and set the price with their new assets (CVSU)
So you may want to stay away from Miami next July...There may be snow!
Have a great night and DD before you post...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
10: "CVSU is being "consumed" by FHAL, FHAL is "bancrupt"...givin that fact according to the "sec rules"...they can stop the trading and set the price with their new assets (CVSU)"
what you describe is a more or less typical r/m...
how does this relate to the regs that allow "adjusting" the pps?
posted
Everyone needs to relax... What will be will be ! I'm holding a measly 5K shares from the 1.30's. Personally I think if Rufus is scamming everyone he may not go to jail - but he will be spending the rest of his days in court which isn't much fun....
For me, it was worth the 7K, I may lose some of this but really I'm not too concerned.
The share price will open at $15, however if the TA has not gotten the CVSU shares to your broker you won't be able to trade it. Apparently from my DD they are using a Canadian TA who are typically unreliable....This may cause some problems.
Anyway just some thoughts from your old Uncle Smelly.
"I won't shower nor shave until I have 500 K's"
Posts: 630 | Registered: Jun 2006
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quote:Originally posted by T e x: 10: "CVSU is being "consumed" by FHAL, FHAL is "bancrupt"...givin that fact according to the "sec rules"...they can stop the trading and set the price with their new assets (CVSU)"
what you describe is a more or less typical r/m...
how does this relate to the regs that allow "adjusting" the pps?
posted
yes Tex...a "r/m" of sorts and it's in the language of the 8k that allows them to do this...
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.
posted
Tex...I know that you are trying to get me to post clearly with facts.and back up why i say...but I am to tired right now...the info is in these threads...and in the 8K...
everyone do you DD...
Night night!!!
-------------------- #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 Uncle Smelly: Everyone needs to relax... What will be will be ! I'm holding a measly 5K shares from the 1.30's. Personally I think if Rufus is scamming everyone he may not go to jail - but he will be spending the rest of his days in court which isn't much fun....
For me, it was worth the 7K, I may lose some of this but really I'm not too concerned.
The share price will open at $15, however if the TA has not gotten the CVSU shares to your broker you won't be able to trade it. Apparently from my DD they are using a Canadian TA who are typically unreliable....This may cause some problems.
Anyway just some thoughts from your old Uncle Smelly.
"I won't shower nor shave until I have 500 K's"
Why do you continue to state they are using a Canadian TA?
It has been confirmed that they are using Integrity Stock Transfer from Las Vegas Nevada. My prior response stated the address phone number and email.
Please everyone confirm this for your self. If you don't want to look for my previous post just Google Integrity Stock Transfer and Voila it right there.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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KENNESAW, Ga., /PRNewswire-FirstCall/ -- Conversion Solutions, Inc. (OTC Pink Sheets: CVSU) announces that during the SB-2 filing process the following current events have taken place.
CVSU would like to announce the signing of a Global Funding agreement with Ismet Paez of The Caracas Group. The funding agreement brings 500 Million United States Dollar denominated Global, Bonds on the Republic of Venezuela with a 13.625% annual coupon, to CVSU's financials. The bond has been loaded in the Euroclear system with the following codes:
ISIN Number: US922646AT10
Common Code: 008975540
CUSIP: 922646AT1
BB Registration: A-989/08/01 to A-989/08/19
The bond also trades under symbol (VEZD) on the Deutsche Borse Frankfort market.
"We have been working diligently toward Hypothecation of the Bonds for liquidly. We have received written pre-approval for a credit line on the bonds and are in the final phases of execution. This process is very important to the launch of CVSU's business model for the funding of the projects and Asset Backed Security (ABS) origination," stated Ben F. Stanley, COO.
"The Board of directors has decided to complete the Credit facility prior to filing the SB-2; we feel that the addition of this asset is beneficial to the shareholders value," stated Rufus Paul Harris, CEO.
CVSU along with Seko Management Inc would like to announce the formation of a joint venture corporation called Seko Management Inc. "SMI" a (Florida Corporation). Seko Management Inc. holds an Exclusive Contract for 50% Profit Sharing for the Group "RUN BY LOVE" http://www.runbylove.com. The newly formed corporation has 100 million shares authorized and 60 million issued. The equity division of the corporation is 30 million shares to the Seko staff and 30 million shares to the current shareholders of CVSU.
"As CEO of Seko Management Inc. I am pleased to announce it is a pleasure to have added a joint venture under the umbrella of CVSU. I believe that working together with CVSU gives a lot of opportunities in the future," stated Zsolt Szekely, CEO.
"RUN BY LOVE feels that it is an honor that CVSU and Seko Management believe, that the band can achieve big success not only in the USA, but worldwide as well. We believe that working together with CVSU and Seko Management gives us a chance to become known and also loved. This is our big chance to bring something new and unique in today's music history," stated Zed K., artist, producer and writer for the group RUN BY LOVE.
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.
quote:Originally posted by T e x: 10: "CVSU is being "consumed" by FHAL, FHAL is "bancrupt"...givin that fact according to the "sec rules"...they can stop the trading and set the price with their new assets (CVSU)"
what you describe is a more or less typical r/m...
how does this relate to the regs that allow "adjusting" the pps?
I know Rufus keeps mentioning that it is like a bankruptcy. So how did KALUQ stop trading on the pinks one day for what about a dollar maybe less and then the next day begin trading as KALU at $44.
I think this is the same thing. Kaiser Aluminum was in reorganization. When they came out they were able to reset their price. The only difference there was that everyone who owned KALUQ lost everything to the creditors. No creditors here since CVSU is assuming the debt of FHAL.
That's how I think it is done.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by 10of13: Tex...I know that you are trying to get me to post clearly with facts.and back up why i say...but I am to tired right now...the info is in these threads...and in the 8K...
everyone do you DD...
Night night!!!
10, you have been able to follow much more closely; if there's something I'm misfiring on, I would appreciate knowing....
posted
Found this Tex, let me know what you think:
Establishing The Initial Stock Price - Once a reverse merger is completed, a broker/dealer must decide to make a public market in the stock. The market makers, in conjunction with the company, determine the initial price for the stock. Perceived value, the "sex appeal," track record and potential growth of the company usually have more to do with initial pricing than earnings multiples and current book values. Competent investor relations and supportive market makers as well as management’s ability to relate the company’s potential to investors are of key importance.Ultimately, the public market acceptance of the company will determine the market price for the stock.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
Someone is going to get hurt big time here ! Either us longs or people who sold out today. This has definately been THE penny of '06 !
Posts: 630 | Registered: Jun 2006
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posted
Wallymac, I'm just stating what the guy from Schwab told me today. Now of course he might be some underpaid broker/advisor who doesn't know his head from his arse. But he seemed pretty certain.
Maybe he was wrong ! I hope so.
Posts: 630 | Registered: Jun 2006
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posted
This is my first post ... I'm looking forward to contributing ...
I would like to suggest we pull together our thoughts to not only achieve $15 but to move beyond. The new stock will move based on fundamentals of CVSU for sure. I think we have alot to learn about CVSU and it's assets - maybe we could gather information to show how the $15 pps (and beyond) will be supported.
Coinciding with that, could it be that Fhal is so shorted that there will not be enough shares available to cover all the "shorts"? Rufus has bought up the Float except for a small amount. He believes (according to the M N 1 dialog)that he knows current CVSU shareholders who own as much themselves! He believes there may be some 20 million shares plus currently in the float. This means the short plays are huge!
Who is going to supply the shares to cover? There is only one source I know of ... if you were Rufus, how much would you sell them for? What could the proceeds be used for? Hey, how about using the money to help support the $15 pps by buying back some shares as it transitions at closing?
All we have to do for operation "short squeeze" is to hold our shares and, for those who can, "buy the krap out of it!" The "shorts" will be forced into buying what they can ... some will sell but not enough as it seems.
I called M N 1 for post interview comments and found out that this may very well be discussed tomorrow on M N 1 on the b u y i n s . n e t discussion. If you have'nt heard this yet, it is all about short plays, squeezes, triggers, etc. M N 1 said they may talk specifically about FHAL. You can check m n 1 . c o m for the schedule.
-------------------- ... make you're decisions only on you're own DD ... Posts: 348 | From: Arizona | Registered: Jul 2006
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posted
if the stock is going to trade at $15, why in the world would anybody sell their shares anything short of $15?
the stock could go to .0001 and it doesnt matter
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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quote:Originally posted by cool AZ: This is my first post ... I'm looking forward to contributing ...
I would like to suggest we pull together our thoughts to not only achieve $15 but to move beyond. The new stock will move based on fundamentals of CVSU for sure. I think we have alot to learn about CVSU and it's assets - maybe we could gather information to show how the $15 pps (and beyond) will be supported.
Coinciding with that, could it be that Fhal is so shorted that there will not be enough shares available to cover all the "shorts"? Rufus has bought up the Float except for a small amount. He believes (according to the M N 1 dialog)that he knows current CVSU shareholders who own as much themselves! He believes there may be some 20 million shares plus currently in the float. This means the short plays are huge!
Who is going to supply the shares to cover? There is only one source I know of ... if you were Rufus, how much would you sell them for? What could the proceeds be used for? Hey, how about using the money to help support the $15 pps by buying back some shares as it transitions at closing?
All we have to do for operation "short squeeze" is to hold our shares and, for those who can, "buy the krap out of it!" The "shorts" will be forced into buying what they can ... some will sell but not enough as it seems.
I called M N 1 for post interview comments and found out that this may very well be discussed tomorrow on M N 1 on the b u y i n s . n e t discussion. If you have'nt heard this yet, it is all about short plays, squeezes, triggers, etc. M N 1 said they may talk specifically about FHAL. You can check m n 1 . c o m for the schedule.
CoolAZ,
Welcome to this board !
Posts: 749 | Registered: Aug 2005
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posted
My take is that we are fine, in fact I'll be buying some more today, funds just cleared
We still have a deal signed, everything is a go from what I see and hear.
With something this big you have to expect the rumor mill to be hot, I have to see this through, I agree this IS the penny of 2006 (second will be wwen
I heard there was a lady who was talking to Rufus and said that she borrowed against her home and that she was a single parent, she was all freaked out and Rufus told her that if the stock didn't open at $15 a share that HE would buy them back from her...
Did anyone else hear that? If I got out of this now and didn't see it through and find out that I could have sold this for ANYWHERE around $15, or $10 or even $5 I would hate myself! lol ~
posted
Post on Scottrade's Alerts and News page this morning at "7/26/2006 7:17:10 AM ET." . . The Street Alert LLC: Alert Wall Street, NYC, Jul 25, 2006 (M2 PRESSWIRE via COMTEX) -- The Street Alert) (www.TheStreetAlert.com) has its eyes on the following stocks. (OTCBB: UBDE), (OTCBB: TSSP), (OTC: PAIM), (OTCBB: FHAL), (OTCBB: XSNX), (OTCBB:NEXH). . . (OTCBB: FHAL) The FrontHaul Group is a publicly held Delaware corporation with branch offices in Rockwall, TX. The FrontHaul Group expects to grow their business specifically in the areas of 3rd party logistics, which includes but is not limited too Transportation Brokerage and Motor Carrier services CURRENT WEEKS (partial week) TRADING ACTIIVITY (7/24/06 - 7/24/06) 11,455,076 shares with a High of 1.64 and a Low of 1.22. PREVIOUS WEEKS TRADING ACTIVITY (7/17/06 - 7/21/06) 55,961,282 shares with a High of 1.57 and a Low of .16."
Probably old news from difference in date of post and Street's release date.
Anyway, GLTA today!
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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posted
Arrghhhhh!! It's still dark out west and haven't got enough sleep. But I'm buying a crap load today. I can't stop supporting this stock. Common folks put the buying pressure on. See you at opening bell.
-------------------- Now We Movin On Up!! Posts: 211 | From: Los Angelos | Registered: Oct 2004
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quote:Originally posted by portman: Palmetto trees gently swaying in the breeze. The surf calm as glass working on high tide and the laptop out at the tiki bar.
I'm all ready if it tanks more or if it runs.
Order an umbrella drink for me!
Posts: 132 | From: SC | Registered: Apr 2006
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posted
WWEN is already shaping up to be the next FHAL. They have $17.50 for a book value. 1.7b in revs. 97 million outstanding. The similarities are astounding. GOOD LUCK GUYS.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
That part about his last name is kinda funny. If you look for the podcasts in M N 1 it lits 2 from Fronthaul from CEO Rufus Harrison!! I want to call those idiots, i just might!
quote:Originally posted by betting babe: wally, i think you are very correct in the 'acted as if' part of your statement.
"im sorry sir, what is your last name?" (he said to rufus harris) give me a break. that was downright insulting, and i doubt they dont know who is coming on their own show.
dont you think they would be very aware of who cancelled their earlier appearance and screwed with the day's schedule???
that dumping was so orchestrated my finger never even came close to the trigger.
~BB
Acted as if they didn't know anything about the merger and then after Rufus and Ben left acted like they knew the whole story. GLTA Wally
quote:Originally posted by invester: WWEN is already shaping up to be the next FHAL. They have $17.50 for a book value. 1.7b in revs. 97 million outstanding. The similarities are astounding. GOOD LUCK GUYS.
The PR will be out tomorrow.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
Good Morning. This is the very first individual stock I have EVER purchased...so far it is better than poker, fantasy leagues, races, or jumping out of airplanes! I can't wait to see what happens. I may have found my next vice:)
-------------------- One shot - One kill. Posts: 216 | Registered: Jul 2006
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posted
Whats really Happening here. Rufus vs the shorts.
Found this on the Web:
Establishing The Initial Stock Price - Once a reverse merger is completed, a broker/dealer must decide to make a public market in the stock. The market makers, in conjunction with the company, determine the initial price for the stock. Perceived value, the "sex appeal," track record and potential growth of the company usually have more to do with initial pricing than earnings multiples and current book values. Competent investor relations and supportive market makers as well as management’s ability to relate the company’s potential to investors are of key importance.Ultimately, the public market acceptance of the company will determine the market price for the stock.
Basically it means that the Reason Rufus has been posting and doing interviews is that he is trying to convince the Market that his stock is worth $15 or more. The shorts are here, and very persistant, not because they want to make a few bucks on small drops, but because reverse mergers can be a huge score for them. If they scare us into thinking that this thing will tank, they cause us to panic sell right after it goes to $15. Then they short it and ride the wave from $15 down to $1.00, they end up with teh big score that we are trying to get. This is also the reason that Rufus wanted us to get certs. With certs out, less people can short (except for naked shorts) and also we will have to hold longer. It is also the reason that Rufus keeps saying that the current price does not matter. Because it doesn't....yet.
This works out to Rufus vs.the shorters, and our money is the prize. If the shorters win, we lose our money and Rufus has a cheap company. If Rufus wins, we all win and the shorts die.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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