quote:Originally posted by betting babe: spoke to a guy in TDAmeritrade's reorganization department.
he says TDAm wont list CSHD shares yet to protect us, the holders of the shares, from accidentally shorting the stock. or as he explained to me "if you sell some of your shares now, and someone buys them, but we dont actually get the shares from the company, then you will owe the shares to the person who bought them from you"
he went on to say this was a big 'chat board stock" and that the shares that are trading right now do not really exist - that i'd be surprised what goes on. that these trades are all "invisible shares"
the status: he says that TDAm is awaiting a "security transfer to us... the transfer agent sends shares to the DTC who swings the position to us. currently the DTC shows an anticipated swing date of AUGUST 14TH."
so, integrity hasnt transferred anything yet? i asked him.
he seemed surprised that i busted out the transfer agent's name and he said no, nothing has been moved yet. but when it does, it should hit all brokerages at the same time.
posted
My thing is, if these are trades with invisible shares, what's going to happen when Integrity goes to transfer shares and there's not enough to go around? I know...a short squeeze, but who actually squeezes and is this the last straw for the shorts or do they have ways around this?
I know, my usual short fear stuff, but I just can't understand how all of this will go down.
BTW, thanks BB for the info...I'm with TDA as well.
posted
what happens if/when there are not enough real shares to cover? say the certs pulled by rufus and friends causes a squeeze but how does this eventually resolve if they are short to the point of not being able to cover at all? I am lost and confused but what else is new...thanks to anyone who understands this
posted
Am I understanding this correctly? The documented FHAL shares are guaranteed by certificates, until the transfer is complete... CSHD does not have certs?
posted
that is what i thought the ceo said also, so as of now there is really no shares for either comp. on the market. So what happins to these million or so shares that have been sold and bought in the past few days. And if there is 16 million shares shorted and they open at 15$ will all the shorted shares have to be covered right away. So...someone said on this thread or somewhere else that if only 6 million of those shares were covered that after the 15$ open you could expect the price to go up 6 to 7x, well if all 16 million shares had to be covered, which i dont see how they could'nt, what price could we be looking at per shares??
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quote:Originally posted by dog: Am I understanding this correctly? The documented FHAL shares are guaranteed by certificates, until the transfer is complete... CSHD does not have certs?
Thats how it sounds to me. Is it normal for symbol changes to work this way? This seems messy with potential of getting VERY messy. Im not saying that CVSU is handling it poorly, the system itself seems strange.
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quote:Originally posted by leanlow06: that is what i thought the ceo said also, so as of now there is really no shares for either comp. on the market. So what happins to these million or so shares that have been sold and bought in the past few days. And if there is 16 million shares shorted and they open at 15$ will all the shorted shares have to be covered right away. So...someone said on this thread or somewhere else that if only 6 million of those shares were covered that after the 15$ open you could expect the price to go up 6 to 7x, well if all 16 million shares had to be covered, which i dont see how they could'nt, what price could we be looking at per shares??
Yea, are the shorters actually going to keep the pps up for us? If so, does anyone think this could have been part of the plan from the beginning? This is interesting stuff.
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posted
Glad I have FHAL shares and the docs to back the purchases with a large company (Scottrade) that has the ability and no choice in the matter from a legal standpoint to honor my shares....
Small trading firms can go bankrupt from this and you could be SOL.
quote:Originally posted by leanlow06: that is what i thought the ceo said also, so as of now there is really no shares for either comp. on the market. So what happins to these million or so shares that have been sold and bought in the past few days. And if there is 16 million shares shorted and they open at 15$ will all the shorted shares have to be covered right away. So...someone said on this thread or somewhere else that if only 6 million of those shares were covered that after the 15$ open you could expect the price to go up 6 to 7x, well if all 16 million shares had to be covered, which i dont see how they could'nt, what price could we be looking at per shares??
Yea, are the shorters actually going to keep the pps up for us? If so, does anyone think this could have been part of the plan from the beginning? This is interesting stuff.
It's nice to see that after a month of stating the obvious that some of our brightest students are just now catching up. LOL
they have been given 90-120 days to cover by cshd. If however cshd truly has investment money lined up to support the pps, the MM's will have to compete with them and the free market, and the price could spiral right on out of here.
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quote:Originally posted by dog: Am I understanding this correctly? The documented FHAL shares are guaranteed by certificates, until the transfer is complete... CSHD does not have certs?
yes, dog, that is how i understand it. i'm not touching this thing until certs are received.
i cant help but think this could be part of a master plan... which may have caused all that giggling last nite.
the TDAm guy did use the phrase "invisible shares" to describe the trading of CSHD thus far.
posted
Small trading firms can go bankrupt from this and you could be SOL
.no.... shortsellers could go down...
this is still a precarious situation here..
who did the shortselling?
did stock publish their article to convince foolish retailers to short more? thereby allowing the older shorts to cover by buying shorts? (changing who had the short position?)
i believe so....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
BB... remember how he kept thanking the "original" shareholders in their confidence with holding the stock... With my old shares I feel like I have real "original" shares now!
Don't walk under any tall buildings of finance... it could soon be raining idiots.
posted
I would think that some of the shares that have been traded are "real"...if they were original FHAL shares that would have been "phoned" in to do the trade...the first day or 2...
I have purchased some of the "new" shares...and have FHAL...guess I am going to see what it's like to be on both sides of the fence at the same time...LOL
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by leanlow06: that is what i thought the ceo said also, so as of now there is really no shares for either comp. on the market. So what happins to these million or so shares that have been sold and bought in the past few days. And if there is 16 million shares shorted and they open at 15$ will all the shorted shares have to be covered right away. So...someone said on this thread or somewhere else that if only 6 million of those shares were covered that after the 15$ open you could expect the price to go up 6 to 7x, well if all 16 million shares had to be covered, which i dont see how they could'nt, what price could we be looking at per shares??
Yea, are the shorters actually going to keep the pps up for us? If so, does anyone think this could have been part of the plan from the beginning? This is interesting stuff.
It's nice to see that after a month of stating the obvious that some of our brightest students are just now catching up. LOL
they have been given 90-120 days to cover by cshd. If however cshd truly has investment money lined up to support the pps, the MM's will have to compete with them and the free market, and the price could spiral right on out of here.
This comes off a bit cocky, sarcastic and arrogant but its Friday and im not about to start my weekend off on the wrong foot. Remember there is a lot of "inexperience" in here k?
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posted
Well let's see. Share were trading since monday's change to the new symbol. Almost 10M. Say that they represent both buys and sells so 5M shares are out there that don't exist. Funny isn't how the volume crashed after the info came out. Planned, I wonder.
posted
thans Babe. I have TDA also if there are the official number of shorts was something like 6.2 million I think Rufus said. He also stated that the actual shares shorted was something like 3x the official number so that puts us at 18.6million shares. If Rufus has the institutions in place to support the price and a couple of blockbuster pr's on top of this . I don't think anybody could put a price per share on this.
posted
If you BOUGHT CSHD shares over the last few days you essentially are fine, you have basically turned a short position into a long position - they are your shares and someone will have to cover for them! However if you SELL any FHAL/CSHD after the symbol change you could potentially be screwed ! Until the 10K comes out and the price is reset.
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posted
Glass... I agree, but what if your trading company tries to back out of shares without certs? Is that possible? You could sue them . . that's what I meant by bankrupt.
If these are "invisible shares" .. why the hell is this symbol even on the marketand trading?
Just when you think you know the rules... you realize you're playing the wrong game.
posted
Yea, thats my thought dog. I would have thought there would be some major law forcing the stock to halt until details were worked out. Maybe the lawmakers dont like shorters and this is their way to stick it to them?
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posted
My broker, you may have heard of them, Charles Schwab told me that selling before the certs are in could result in a short position. Buying is fine, but if you sell the CSHD shares you bought, again you may create a short position if they aren't real. Flippers of this right now are going to be in a real pickle !
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I know I was late today and missed all of the blonde jokes and a couple of marriage ones. You guys and girls have to check this out this is might be my all time favorite blonde joke.
quote:Originally posted by glassman: Small trading firms can go bankrupt from this and you could be SOL
.no.... shortsellers could go down...
this is still a precarious situation here..
who did the shortselling?
did stock publish their article to convince foolish retailers to short more? thereby allowing the older shorts to cover by buying shorts? (changing who had the short position?)
posted
EXACTLY... Smelly, hence the low volume and stability.
The previous poster was right: If they were trying to screw us... would that not be pumping this? Rufus and friends changed the CUSIP and symbol. I surmise that they fully plan on merging, 10K, and wait for the smoke to clear, then count the mountain of assets that the gained by climbing the backs of the short sellers!
quote:Originally posted by glassman: this is why i have been here for so long...
have read almost every single post...
i hold shares in a brokerage account that has big guns...
the DTC is not perfect...
they (MM's and CEDE and co) make mistakes and i think they made a big one here early on...
i have no idea which way this will go, but there is a lot of comon sense in allowing extra time for the shorts to cover...
This will give them time to sell the island, the houses, the cars and boats, the children, and everything else of value to cover this. Not that I'm gleeful of their demise, but they knew the risks.. so screw em. I won't be shorting stocks with my monies.
Problem? What if the bulk of shorters are in offshore accounts (like Osama and the airlines before 9-11)... how do they collect? And if they don't.. are we the ones that suffer?
posted
Its my understanding that the bulk of shorters ARE offshore. Im down with the demise of shorters as well but that little bit of info leaves questions eh?
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but what else is new...thanks to anyone who understands this
publish their article to convince foolish retailers to short more? thereby allowing the older shorts to cover by buying shorts? (changing who had the short position?)![[Smile]](smile.gif)
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