quote:Originally posted by SherriT: (Wearing dunce hat...) Help the newbie translate please...I'm holding...a small amount compared to most, but holding....
Form 144:
This form must be filed as notice of the proposed sale of restricted securities or securities held by an affiliate of the issuer in reliance on Rule 144 when the amount to be sold during any three month period exceeds 500 shares or units or has an aggregate sales price in excess of $10,000.
-------------------- ......in Psychiatry circles it's known as a "warning sign" Posts: 1736 | From: Saint Louis | Registered: Jul 2005
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posted
actually three were on the twentieth and one on the 24th...
it doesn't necessarily mean they are sold...
why are the filing date from days ago but they were only posted last night?
nevermind...i bet those were the submission dates and last night they were accepted...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
Ahhh, maybe they are just getting ready then. Getting ready to BANK by the sounds of it. 270000 shares among the 4? heh
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
I just don't see AG Edwards being the father figure and protecting their investors....you don't see brokerage houses running to the rescue of people who lose money day in and day out...if they thought it was a scam, they would have restricted to sells only sooner....wouldn't you think?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
so is this the beginning of the squeeze...AG Edwards then the rest fall?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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This is pretty much in fates hands for me too. There is no way i can sell the shares, im simply incapable LOL. I just hope we only have a few more days, or AT LEAST get good news in the morning.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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why would the SEC accept filings and continue with paperwork from a company that was a suspected scam?
surely if a brokerage house reported it the SEC would start an investigation?
...and they havent
the cvsu symbol change today is all in line with the IRS code section 368 we've been discussing...
merger then sub merger, ie cvsu.pk to fhal.ob to cvsu.ob
well theres no chance i can watch/trade/be online tomorrow, so it's all in fate's hands for me.
~BB
Babe, typically (not always, of course) when brokerages (finally) start realizing a given issue has problems, they will start restricting buys, sells--or both. That's a strong clue to SEC suspension may be pending. "We" can't tell when SEC has begun investigation, or necessarily even when it's ended.
why would the SEC accept filings and continue with paperwork from a company that was a suspected scam?
surely if a brokerage house reported it the SEC would start an investigation?
...and they havent
the cvsu symbol change today is all in line with the IRS code section 368 we've been discussing...
merger then sub merger, ie cvsu.pk to fhal.ob to cvsu.ob
well theres no chance i can watch/trade/be online tomorrow, so it's all in fate's hands for me.
~BB
Babe, typically (not always, of course) when brokerages (finally) start realizing a given issue has problems, they will start restricting buys, sells--or both. That's a strong clue to SEC suspension may be pending. "We" can't tell when SEC has begun investigation, or necessarily even when it's ended.
You break my heart a lot Tex. You like to just get right to the point. Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
I'll call Etrade in the morning and prod the question around a bit. Maybe some of them are lagging behind? An SEC investigation would just be the icing on the fhal cake.
Im gonna just believe that they are shorted....that sounds better. Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
Interesting. This has been a heck of a stock to cut my teeth on. Im thankful for the experience but im not sure its a hobby i could handle for long. Maybe like skydiving or bull fighting instead, something a little safer ya know?
Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by CatiaEngineer: Interesting. This has been a heck of a stock to cut my teeth on. Im thankful for the experience but im not sure its a hobby i could handle for long. Maybe like skydiving or bull fighting instead, something a little safer ya know?
posted
Glad to see I added a little info for thought on my first time out...good follow ups guys...and someone even called the office in Ann Arbor... excellent.
I'm gonna go with the SHORT explanation. Look..
AG Edwards is saying..... We are only selling FHAL if you bought it thru us, which, they thru subsidiary could purchase to cover shorts. We will also let people we don't do business with sell their shares....
Hmmmm selling okay, buying no good on a stock that likely won't drop any less than it is now...
No other brokerage that we know of is restricting buys?
My quick take--just me, only mine --is "Edward" *sounds* more like the houses who screwed up on JPHC/PAIV, instead of those who started shutting down GVAP, BCIT etc before a suspension.
HOWEVER, is something to pay attention to...if you (anybody) has a network of friends with brokers other than yours? Good time to revisit your "buddy list." A good service could be provided by those with large positions, large amounts free shares: try "test sells" and "test buys" periodically throughout the day...
quote:Originally posted by CRab: hey guys did anyone else see the 144's filed last night around 10:30ish? forms to sell restricted FHAL shares...totally 270k shares...
for:
John & Raimey Martin William David Kirk Morris Durce Greg Aslinger
sorry for the interuption...just saw them on my E*Trade news box...
I've googled myself (sounds more fun than it is.) I'm just a little nobody hometown teacher and i get at least 4 different web hits on me. I google these guys and nothing! At least nothing on the first three. on the fourth guy I got a hit but it might not even be the same person might just be same name. I was just wondering who would have restristed shares.... http://www.uniflight.com/aboutuniflight.htmlPosts: 551 | From: FL | Registered: Apr 2006
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posted
Position was long and holding (for those of you with dirty minds, I'm female)
My position after the scary day today is more like wait and see with my finger on the button...
Posts: 551 | From: FL | Registered: Apr 2006
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posted
I'm trying to understand this situation and RM's in general and came across this...maybe old news to most, but adds credibility for me.
Here are some high-profile and successful RTOs (reverse take-over):
Armand Hammer, world renowned oil magnate and industrialist, is generally credited with having invented the "Reverse Merger". In the 1950s, Hammer invested in a shell company into which he merged multi decade winner Occidental Petroleum. In 1970 Ted Turner completed a reverse merger with Rice Broadcasting, which went on to become Turner Broadcasting. In 1996, Muriel Siebert, renown as the first woman member of the New York Stock Exchange, took her brokerage firm public by reverse merging with J. Michaels, a defunct Brooklyn Furniture company. One of the Dot Com fallen Angels, Rare Medium (RRRR), merged with a lackluster refrigeration company and changed the entire business. This was a $2 stock in 1998 which found its way over $90 in 2000. Acclaim Entertainment (AKLM) merged into non operating Tele-Communications Inc in 1994.
My quick take--just me, only mine --is "Edward" *sounds* more like the houses who screwed up on JPHC/PAIV, instead of those who started shutting down GVAP, BCIT etc before a suspension.
HOWEVER, is something to pay attention to...if you (anybody) has a network of friends with brokers other than yours? Good time to revisit your "buddy list." A good service could be provided by those with large positions, large amounts free shares: try "test sells" and "test buys" periodically throughout the day...
Oh--and post the results, lol
I REALLY HOPE you are right! Maybe I am very nieve, but I can't see a house as reputable as Edwards screwing up and not playing safer. Does that happen often?
Posts: 551 | From: FL | Registered: Apr 2006
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quote:Originally posted by Sandusky: I'm trying to understand this situation and RM's in general and came across this...maybe old news to most, but adds credibility for me.
Here are some high-profile and successful RTOs (reverse take-over):
Armand Hammer, world renowned oil magnate and industrialist, is generally credited with having invented the "Reverse Merger". In the 1950s, Hammer invested in a shell company into which he merged multi decade winner Occidental Petroleum. In 1970 Ted Turner completed a reverse merger with Rice Broadcasting, which went on to become Turner Broadcasting. In 1996, Muriel Siebert, renown as the first woman member of the New York Stock Exchange, took her brokerage firm public by reverse merging with J. Michaels, a defunct Brooklyn Furniture company. One of the Dot Com fallen Angels, Rare Medium (RRRR), merged with a lackluster refrigeration company and changed the entire business. This was a $2 stock in 1998 which found its way over $90 in 2000. Acclaim Entertainment (AKLM) merged into non operating Tele-Communications Inc in 1994.
posted
Here is a post from IHUB. Yes that is Rufus Paul Harris the CEO. I think if he was worried about the SEC, that he would be spending much time on IHUB. (not sure why I spend time on IHUB for that matter, there are some serious jacka$$e$ over there.) My friends this is my opinion,buy, sell, hold, do it on your own DD. I hope for great things for those of us who stay. -Cassity
Posted by: Rufus Paul Harris In reply to: mingus79 who wrote msg# 18396 Date:7/27/2006 8:27:42 PM Post #of 18578
mingus79;
You Sir I was going to give the benefit of a doubt, until you posted a lie. (There is no such thing. NO ONE ever sets the price,).
All IPO’s are set and agreed to prior.
Man oh Man, I am sorry for the posters who have to read this kind of BS, all day.
I told you they would only get worst.
GODSPEED, shareholders and hold tight to your shares.
Rufus Paul Harris Chairman & CEO Conversion Solutions, Inc. (OTC BB: FHAL) 125 TownPark Dr. Suite 300 Kennesaw, Georgia 30144 Office: 770-420-8270 Cell: 678-255-7650
posted
isnt that against some sort of law to be puttin out info on a message board if you are a CEO?
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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interesting statement: The Merger was consummated so that the Issuer will have on a consolidated basis an operating entity, and CCS will have the opportunities available to public companies.
kinda like this here transaction yes?
~BB
quote:Originally posted by betting babe: didnt anyone do homework with me on reorganization within the meaning of Section 368 of the Internal Revenue Code of 1986??! heah.
im wondering if Rufus actually is really smart, and is just exploiting a loophole. a lot of articles say that 386 needs to be closed. maybe he's just taking advantage of its being there?
Kind of like accountants like to find legitimate loopholes to show their prowess.
~BB
quote:Originally posted by betting babe: im reading:
because they seem pertinent but im still seeing if the actually are.. thought id share.
kinda like homework.
~BB
[edited: add link]
quote:Originally posted by T e x:
quote:Originally posted by Sandusky: I'm trying to understand this situation and RM's in general and came across this...maybe old news to most, but adds credibility for me.
Here are some high-profile and successful RTOs (reverse take-over):
Armand Hammer, world renowned oil magnate and industrialist, is generally credited with having invented the "Reverse Merger". In the 1950s, Hammer invested in a shell company into which he merged multi decade winner Occidental Petroleum. In 1970 Ted Turner completed a reverse merger with Rice Broadcasting, which went on to become Turner Broadcasting. In 1996, Muriel Siebert, renown as the first woman member of the New York Stock Exchange, took her brokerage firm public by reverse merging with J. Michaels, a defunct Brooklyn Furniture company. One of the Dot Com fallen Angels, Rare Medium (RRRR), merged with a lackluster refrigeration company and changed the entire business. This was a $2 stock in 1998 which found its way over $90 in 2000. Acclaim Entertainment (AKLM) merged into non operating Tele-Communications Inc in 1994.
quote:Originally posted by betting babe: i truly do not believe the ceo is posting on ihub.
credentials? its a bunch of hubub over there.
I read IHUB but never post, this has been verfied by the moderator. Take it for what it's worth. Nothing in that post is insider information. Just standing up for himself and his company.
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(sounds more fun than it is.) I'm just a little nobody hometown teacher and i get at least 4 different web hits on me. I google these guys and nothing! At least nothing on the first three. on the fourth guy I got a hit but it might not even be the same person might just be same name. I was just wondering who would have restristed shares....![[Razz]](tongue.gif)
