posted
It's often the subtle things that give rise to doubt where it should only give rise to possibly more research. All solid dd so far points to a excellent result. Look into things more .. yes, let relatively unknown people upset the cart with conjecture .. No!
-------------------- ... make you're decisions only on you're own DD ... Posts: 348 | From: Arizona | Registered: Jul 2006
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posted
My conection went down earlier...just got everything back up and running...in regards to Cat's post from Ihub and the "PIPE" thing? Have you guys seen the volume of this? pretty "little" for something that is supposably being diluted...and perhaps Rufas was aware of this...and that is one of the reasons he decided to buy up a large portion of the float...and since "rufas" is the "owner" and CEO...he "can't" sell the stock...if he owned any of it..and he has to file certain paperwork..right? anyone that "owns" more than 5% of company stock have to file with the SEC...
Sorry..the IHUB post IMO is someone speculating..and I don't agree with his speculation...
-------------------- #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
remember the first delay last week, rufus said they had a problem with fronthaul shares. He said we need to straighten out who gets shares and who don't. I think some or most of these delays were unexpected and if I have to wait for them to get it right thats better than having a problem later. After all the DD we all did on this stock it just amazing that some people still think this might be a scam.
-------------------- watch out for shorty Posts: 8 | From: Mpls. MN | Registered: Jul 2006
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quote:Originally posted by portman: MTP are you asking what a PIPE is or if they exist for FHAL?
Portman, Sorry, I had stepped out. Since you asked, I will say that I am not familiar with PIPEs which doesn't help me when trying to understand the theory put forth in the post from iHub and whether it makes sense or not. I was wondering if someone with glassman's or tex's experience could elaborate on PIPE's and whether the theory presented is worth belaboring. I've read some of the posts here but I can't decipher how much experience is backing up some of the responses. Just looking for a good answer.
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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posted
If any of this were true, would not have someone else been able to corroberate or prove it? At least with the info available to us . . . so far no real facts to diverge from initial plan.... hold.
posted
Look.. I'm more speculative about the promise of 15$ shares, not whether this is eventually going down. What's up in the air is the price at which I feel comfortable selling at above the .99 I spent on this stock. No smoking gun that I have seen to kill the merger, only mystery is the actual finances, a.k.a. the 10K. I wish the bashers would quit at least until they get a chance to bash the 10K. Next thing you know these guys will be releasing the list of the men on the grassy knoll.
quote:Originally posted by dog: Look.. I'm more speculative about the promise of 15$ shares, not whether this is eventually going down. What's up in the air is the price at which I feel comfortable selling at above the .99 I spent on this stock. No smoking gun that I have seen to kill the merger, only mystery is the actual finances, a.k.a. the 10K. I wish the bashers would quit at least until they get a chance to bash the 10K. Next thing you know these guys will be releasing the list of the men on the grassy knoll.
quote:Originally posted by portman: MTP are you asking what a PIPE is or if they exist for FHAL?
Portman, Sorry, I had stepped out. Since you asked, I will say that I am not familiar with PIPEs which doesn't help me when trying to understand the theory put forth in the post from iHub and whether it makes sense or not. I was wondering if someone with glassman's or tex's experience could elaborate on PIPE's and whether the theory presented is worth belaboring. I've read some of the posts here but I can't decipher how much experience is backing up some of the responses. Just looking for a good answer.
sorry, have missed a lot; not up to date on the i-hub/PIPE angle. However, i would assume Mr. Harris to have more than passing familiarity with PIPEs. Here's one link for some background:
posted
Uhh.damn. Nice Tex. So if anyone was really planning to exploit PIPES in Fronthaul, would it not benefit them to allow shorters to drive the price down? So in effect by holding the price above a dollar would not benefit the PIPES benefactors. Rufus has repeatedly urged the shareholders to retain the stock and spoke threateningly to anyone attempting to cast doubt or panic to FHAL. So he's either a great actor, or for real (at least with the scenario presented in the question at hand.)
The Furia Organization, Inc. 2233 Ridge Road, Suite 102 Rockwell, Texas 75087 Telephone: (972) 722-9999 Facsimile: (972) 722-9998
March 23, 2006
United States Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549
Re:
The Furia Organization, Inc. (the “Company”) Withdrawal of Registration Statement on Form SB-2 (SEC File No. 333-130532)
Ladies and Gentlemen:
In accordance with Rule 477 of the Securities Act of 1933, as amended (the “Act”), this letter shall serve as our application to withdraw the aforementioned Registration Statement. The Registration Statement was filed pursuant to a Registration Rights Agreement between the Company and the selling shareholders listed in the Registration Statement (the “Selling Shareholders”). The Company intends on redeeming the convertible notes, issued to the Selling Shareholders and therefore, there is no need to register the shares underlying the convertible notes. The Company further advises the Commission that no shares of common stock sought to be registered pursuant to the Registration Statement have been sold or offered.
The Company may undertake a subsequent private offering in reliance of Rule 155(c) of the Act.
If you need anything further, please feel free to contact the undersigned.
The Callable Secured Convertible Note agreement prohibits the Company, without prior written consent, from redeeming, repurchasing or otherwise acquiring any shares of its capital stock. As of December 31, 2005, the Company had opened a brokerage account in which it had reacquired 1,962,000 shares of its common stock for a total consideration of $376,019. During the quarter ended March 31, 2006, the Company acquired 818,405 shares for a total consideration of $243,554.43 and transferred 1,650,000 shares valued at $413,500 for consulting services. At March 31, 2006 the balance of its common stock owned by the Company was 1,130,405 shares valued at $306,222.
The breach of this loan covenant triggers the default provisions of the loan agreement which make the loan immediately due plus a default penalty equal to 30% of the then outstanding loan plus any accrued and unpaid interest on the loan.
Due to this breach of the loan agreement, the loans are reclassified as current and a default penalty of $528,288 was accrued.
these guys APPEAR to me to have cleaned the shell up a lot...
however? i am NOT an auditor...
there are almost always some "stray shares" around...
the shell was already pretty tighly held... over 60% by Alexander.... you don't find very many that tightly held...
that's why they chose this co IMO...
the deal could still fall thru tho.... anything can happen till its closed....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
this is from the Filing Date: 4/13/2006 Form Type: DEF 14C
Filing Date: 4/13/2006 Form Type: DEF 14C Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percent of Class (1) Michael D. Alexander, Chief Executive Officer (1)2233 Ridge Road, Suite 102 Rockwell, Texas 75087 75,154,780 78.1% Randy Moseley, Chief Financial Officer (2)
2233 Ridge Road, Suite 102 Rockwell, Texas 75087Beijing, China 101101 300,000 .04% All Officers and directors as a group (two persons) 75,454,780 78.1%
Includes 50,000,000 shares of common stock that Mr. Alexander has the right to acquire underthe terms of the purchase agreement between Furia and Fronthaul, Inc.
(2) These shares vest in annual increments of 100,000 beginning December 12, 2006.
the 50 million doesn't start distributing till December 12, 2006? that still hasn't gotten here yet....
i really can't say when was the last time i've seen a publicly traded co with 78% of the shares held this tightly....
the float needed to be worked over... that's what Rufus has been doing IMO...
but hey? i've seen counterfeit shares being sold on the market, so what do i know about the share you have?
yes TEX, that is an interesting default isn't it...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by T e x: the picture I get? somebody has been wearing her/his thinking cap, for quite some time...
LOL..OK no riddles... pretend I am in 4th grade...please explain teacher? I think I get the "picture"...I'm just wondering if I need to put on some glasses...
-------------------- #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 10of13: Glass..help me out here..this is appearing to be good? Alexander already had "bought" these shares back? Is that what I am understanding?
10...
i can't be positive...
i have been fascinated with this from day one...
porabably lost a couple friends over it..
this looks like the kind of shell RMers would want.. the deal has short written all over it IMO... the transfer agent has got to be correct..
the float is what the transfer agent says it is...
there are warrants that can't be exersized... i have never been able to figure out wht happened to them....
the stock was never withdrawn to fund the warrants... some people are mad somewhere:
In connection with the Securities Purchase Agreement dated November 18, 2005, we granted the investors registration rights. Pursuant to the registration rights agreement, if we did not file the registration statement by December 18, 2005, or if we did not have the registration statement declared effective on or before March 16, 2006, we are obligated to pay liquidated damages in the amount of 2.0% per month of the face amount of the issued and outstanding secured convertible notes, which equals $35,000, until the registration statement is declared effective. At our option, these liquidated damages can be paid in cash or restricted shares of our common ...blah blah
get the drift here? loans made never paid off? several of them...
now? i've seen this before....
it's done frequently to tranfer assets between shells to avoid taxes... you loan people money ? they default? you don't seek restitution cuz you didn't "want" the money anyway...are we on the same page yet?
there may be no problems at all because someone had a big advantage in LOSING this money... i just don't have access to all the data i need to make a fully informed opinion.... AND?
As of the date hereof, the investors have not demanded payment of the liquidated damages and we have not determined if we will make such liquidated damages payments in cash, stock or a combination of both.
they never did....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by T e x: the picture I get? somebody has been wearing her/his thinking cap, for quite some time...
LOL..OK no riddles... pretend I am in 4th grade...please explain teacher? I think I get the "picture"...I'm just wondering if I need to put on some glasses...
lol, no riddles...am "thinking" in print...
have never been able to dig into this to the level I would like...
The question that pops up for me? Do we know about Alexander's "buying power," ie, company coffers, his personal juice, etc... I was under the impression his crowd was strapped to this more or less bankrupt "shell." SO: Where'd the dough come from for the buybacks through that trading account?
posted
Glass...none of us can ever be postitve... and I know that you've been given and "unjustified" hard time for taking an opinion that was different than others...but friends should "agree to disagree"...
Thanks for the opinion...it's what I was "seeing"...but sometimes you need others to say...yeah..that's what I read...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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