posted
I am with tylee, back off, and lets get back to business. leave RM alone, this thread is one that can be very frustrating, RM made a mistake and I am sure we all have at one time or another. be happy
-------------------- today we learn~tomorrow we prosper
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posted
OK people, I want $15 a share, but it won't happen, here is the 8K broken down:
FRONTHAUL GROUP INC., a Delaware corporation (the "Buyer"); Conversion Solutions, Inc., a Delaware corporation and a holding company (the "Company").
FHAL IS THE BUYER CVSU IS THE COMPANY
The Buyer and the Company desire to effect a merger pursuant to which the Company will merge into the Buyer, with the Buyer being the surviving corporation FHAL IS THE SURVIVING COMPANY
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;
PAY THE HOLDERS OF COMPANY SHARES MEANS PAY CVSU SHAREHOLDERS
RECEIVING SHARES OF BUYERS STOCK AS MERGER CONSIDERATION MEANS THAT CVSU SHAREHOLDERS ARE BEING PAID IN FHAL STOCK AS CONSIDERATION FOR THE MERGER AND CAN TRADE IT IN FOR $15 IF FHAL lets them
In other words. At the time of the merger FHAL (the surviving holdings company) has a choice. They can give current CVSU shareholders a 1:1 share of the new FHAL stocks and keep the price where it is at, they can pay them $15 per share instead, or they can set the opening price of FHAL's new symbol at $15 and give them shares.
We, the buyers, are just keeping our shares. The only way we benefit from this paragraph is if the opening price is set at $15 (and we can sell before it crashes)
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
well, 100 mil shares outstanding of the new company stock at 15 per share is only 1.5 bil. rufus has his job cut out for him to get this price up to 15 per share by the end of next week or he pays 15 per share to 23 mil cvsu shares. as far as it crashing, this at the time of merger is not a penny stock company anymore, there will be plenty of money and buyers to keep the price up. this is still in premerger status. at least until sat. the 22nd.
-------------------- today we learn~tomorrow we prosper
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posted
apparently CVSU own "Stargate Productions, Inc." does anyone know what this is??? Is it the T.V. show???, because I'm finding that much else of what they own is crap! CVSU coffee shop? Is that there coffe machine at the office??? Equine solutions amounts to five horses they have for sale for about $15,000 a piece...
What CVSU seems to me to be is an Insurance scam... they by a "company" that has a certian "value" get it insured at that value (or more), and when the "company" collapses, they get the insurance money... I haven't any real proof of this. But, the "companies" they have joint venture with -and everyone they deal with IS a joint venture- isn't worth much... I'm scared!!!
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posted
also, can anybody find or direct me to a chart of CVSU? I have found at the OTCBB website I am not "allowed" to view the daily chart, nor are there any charts available for viewing prior to yesterday... NO charts... how does a public company not have any stock charts to view??? Anyone???
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posted
They have not traded, thats why there is no chart. They have basically been operating as a private company. You can view the chart at Ya hoo, but there is zero activity. As for the insurance scam stuff you're talking about, I would be careful making accusations of that nature without any proof. Especially when you make no sense at all. If the company's holdings are not giant moneymakers, well that only goes toward explaining why they are a pink sheet company, it does not mean it is a scam. For your information, I have worked in the insurance industry for years and you cannot insure "Business failure". Nobody gets any money if a company "Collapses". The only way to collect insurance is if there is a loss from a peril (fire, wind, flood), not for bankruptcy. Also, if a company had several suspicious losses in companies that they owned, their insurance would cost an absolute fortune and they would be investgated by the Insurance comapnies themselves. That is a ridiculous accusation. I am sorry if this sounds like I am attacking you, but really, you can't just publish a paragraph on the web accusing people of Insurance Fraud when you clearly have no idea what you are talking about. Its called Libel (which, incidentally you can buy insurance for)
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
the letter of intent news between ceota and fhal has been removed from the ceota website. guess they are being super hush...hush. they did replace it with news on C02. dont know what it means but does mention world bank, but I dont have time to read it right now.
-------------------- today we learn~tomorrow we prosper
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27/06 Conversion Solutions announces 500 million USD Investment
KENNESAW, Ga., Thursday, April 27, 2006/ -- Conversion Solutions, Inc. (OTC: 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.
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.
-------------------- today we learn~tomorrow we prosper
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posted
the next pr we will see will be by the 23rd, then we should be slammed. pr's will happen on the day of actual merger. within 15 days from the 8th of july. cvsu can not release or wont until the merger. they have until the last day to opt out of the merger. think they are playing by the book. glad to see that.
-------------------- today we learn~tomorrow we prosper
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posted
also in the 8-k, unless I am just reading right over the top, they are not showing any revenues from operations. on there website they have/own some pretty neat companies. the aiss, looks like a very, very good venture.
-------------------- today we learn~tomorrow we prosper
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quote:Originally posted by 4bidon: I have seen all this, thanks.
I do not care if you have seen it or not.....
I was asking for opinionS on the stock and this info in one. Thanks.
Don't worry, I already sold all my shares and profited but was considering getting back in.
kind of a harsh opening statement that contradicts itself. you dont care if I have seen it or not ?? but you are after opinions ?? do you care if any one seen it, or not?? anyway, with that aside, the gap has been filled and will go up or sideways, not expecting one ounce of news until merger is complete, should be by the 23rd. it might move up on news anticipation. when merger is complete, expect several pr's, they will try to move this to 15 bucks. lol there is a lot of info they have kept from us until day of merger.... good luck
-------------------- today we learn~tomorrow we prosper
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quote:Originally posted by 4bidon: I have seen all this, thanks.
I do not care if you have seen it or not.....
I was asking for opinionS on the stock and this info in one. Thanks.
Don't worry, I already sold all my shares and profited but was considering getting back in.
kind of a harsh opening statement that contradicts itself. you dont care if I have seen it or not ?? but you are after opinions ?? do you care if any one seen it, or not?? anyway, with that aside, the gap has been filled and will go up or sideways, not expecting one ounce of news until merger is complete, should be by the 23rd. it might move up on news anticipation. when merger is complete, expect several pr's, they will try to move this to 15 bucks. lol there is a lot of info they have kept from us until day of merger.... good luck
Let me explain myself. I meant I do not care if YOU have seen it or not, sorry that was harsh of me. I am asking of the opinions of ones that can be trusted and have been around for awhile, like some of my buds or others I know.
I like cold hard FACTS and was curious of how this looks to others. I know how it looks to me.
-------------------- I buy fast and sell faster!
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posted
THere is still a gap from .135 to .14 that hasn't filled yet. I don't know if it will fill or not came close on Friday then bounced back up to close at .164.
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