posted
I e-mailed Tony and Michael asking for clarification, I will post their answers when I get them.
Posts: 801 | Registered: Nov 2005
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Conversion Solutions Issues Statement on TD Ameritrade KENNESAW, Ga., Sept. 13 /PRNewswire-FirstCall/ -- The following statement is being issued by Rufus Paul Harris, Chief Executive Officer of Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation.Depending on who you speak to, the events of the last thirty days could be the beginning of the end for a trading dynasty. The "Short" selling of Conversion Solutions Holdings Inc. (OTC Bulletin Board: CSHD) company stock by a once loved and respected trading house may have sealed that company's fate as it is now perceived to specialize in "Shorting" OTC Bulletin Board stocks.
Short selling of OTCBB stock is legal, and is used by some companies to create liquidity where there is none. Why would a stock be stagnating, you may ask? In some instances anticipation of an upcoming 10K or a price reset might cause a company's share holders to sit tight and hold for a time. Companies that participate in the practice of "Short" selling either: buy their positions out of the market or go bankrupt.
Conversion Solutions Holdings Inc. has filed 8K documentation, announcing nearly 2.6 billion dollars in assets and yet TD Ameritrade (and their subsidiaries) continue to sell shares they don't own, or have the ability to borrow. TD Ameritrade responds not by buying the stock out of the market, to cover their "Shorts," but by refusing their customers their legitimate right to buy more OTC Bulletin Board: CSHD stock. Some Conversion Solutions Holdings Inc. supporters have shared their thoughts and feelings on the forum http://www.**************.com, many of whom vow to press litigation against TD Ameritrade for not allowing them to purchase more CSHD stock. This stock has been on regulation SHO for 25 consecutive days and it has been confirmed that it has been "Shorted" by an objective "Third Party." To peruse this information please visit http://www.**********, they assert, "the 'Shorting' is over...16,000,000 shares with others estimating the 'Shorting' to be as high as 60,000,000." Currently, the Company has 62,000,000 shares outstanding, and simple calculations would assess a current book value for this company, as of today, at approximately $41.93 per share. Then the sum, when multiplied by a minimum of 16,000,000 shares shorted, comes to minimum of $670,880,000. A market analyst concludes this stock may be conservatively valuated at 2x its book value ($1,341,760,000) or put another way, about 4 times greater than TD Ameritrade's last year's net profit. Some of TD Ameritrade's clients are already requesting their stock certificates in fear that TD Ameritrade may go under. They are moving their shares to other trading houses that they believe to be less likely to short this stock. As Conversion Solutions Holdings Inc. nears its 10K due date (September 30, 2006) its share holders should look positively on the actions of their Chairman and his Board and their corporate wide confidence should be reflected and rewarded by ever increasing share values. Having said that and looking back on the events of the last thirty days I can say with certainty that it should be an interesting, but profitable ride for any person who wants to get on board to make the trip by supporting their company for the long haul. For additional information concerning "Short Selling," please read "Darkside of the Looking Glass." by Dr. Patrick Byrne http://www.businessjive.com/nss/darkside.htmlPosts: 23 | From: Tx | Registered: Jan 2006
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posted
I still get the feeling that is why Etrade makes you do a broker assist to trade DDSI. They won't announce when they will allow online trading again, and all they keep saying is they have restricted it 'to protect their account holders' - which is BS.
Anybody else get a different answer out of them?
Posts: 960 | Registered: Sep 2005
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posted
DDSI is acting funny, kind of like the brand new girlfriend. Not sure if she's about to break up or if the panties are coming off soon...
Posts: 602 | Registered: Aug 2005
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by Soylent Green: Nice fat finger at .0011
I wondered what happened. My accout was up and I saw more money in DDSI. Then it went back down. LOL
Posts: 482 | From: NJ | Registered: Apr 2006
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posted
dont worry nothing is gonna happen here i wish but i beleive she is dead. for now anyways they have a long ways to go maybe next year we may see a tick up or may 2 ticks
-------------------- Derek S Posts: 2270 | From: andalusia, IL, USA | Registered: May 2004
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posted
Unless they reverse split it 1:1000 and play the usual MM games. Keep the reverse split shares restricted for the bag holders and let the new symbol trade for a while and make profits and the allow the bag holders to trade the new reverse split shares at a loss. Like AWBV -> AWYB and PAIV -> PAVC etc
Posts: 1134 | Registered: Apr 2003
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posted
I hope not too, I have 14m at 0.0001. But sometimes reality is harsh and fantasy world always seems sweet.... Current Reality seems that it is not moving beyond 0.0001 BID for the last 6/8 months...
Posts: 1134 | Registered: Apr 2003
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posted
It will be a long time before this moves - if ever. I have 8 million from .0001 - .0003, I set sells at .0025, .0075, and .015. I'll check back in a decade, see what happened, lol. Shupin is a terrible 'CEO' in my opinion and obviously does not give a rats arse about the shareholders.
Personally I think eventually DDSI will be sold off or merge with another company. Maybe Rufus Harris can buy and use it as a shell like FHAL ,lol.
GLTA here, your odds are better playing the lottery in North Korea than making money here... Oh that's right they don't have a lottery.
Posts: 630 | Registered: Jun 2006
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always a good sign, if you can stomach their nonsense.
If you don't like a company and/or stock, don't invest in it, but please don't waste our time here on this board. You're not welcome. It's as simple as that.
Posts: 960 | Registered: Sep 2005
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posted
Bashers and Pumpers should be discouraged at an equal level. I have 14m at 0.0001 and frustrated.
Posts: 1134 | Registered: Apr 2003
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posted
no, there are MM's with anticipation buying at 1, and bashing trying to get people to sell what they bought at 2 for 1 so they can accumulate more cheap shares.
All of the real investors on this board know that you haven't been able to get any of this stock at 1 even with a broker assist trade for months now. Right now it would appear the bashers are trying to get people who buy at 2 to sell at one for a loss to get the cheap shares. What this is in anticipation of I don't know. I do know accumulation when I see it though.
Posts: 960 | Registered: Sep 2005
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posted
Got it. I have only seen ask of 0.0002 and bid 0f 0.0001 for months together. WOnder when it reach 0.0002 * 0.0003
Posts: 1134 | Registered: Apr 2003
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posted
LOL, I think we're all in the same boat at this point. holding and waiting....waiting and holding. they have to let their stranglehold go at some point.
Posts: 960 | Registered: Sep 2005
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posted
My gut says I'll be screwed through an RS eventually.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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According to 'trusted sources' pigs are going to be authorized to fly next week.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
there are only a few trades at 9mln, and even those, with the time stamps appear to be larger than 9mln in whole orders.
I don't think it's fair to say they are all sells at 1 either, since MM's aren't letting anyone but themselves buy at 1. I would vote on them swapping shares amongst themselves.
Posts: 960 | Registered: Sep 2005
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