quote:Originally posted by TaxBack04: 1.49 Billion US dollars in SEC black and white... If it isn't true the author of said documents is headed for a black and white Federal issued prison uniform.
So if thats the case, disregarding what rufus/prs have said, what would be the general consensus on what the pps should be? Taking into account the 1.49 billion in assets alone, and then maybe a number including the JVs/subcompanies.
IP: Logged |
quote:Originally posted by cassity: Correct me if I'm wrong, this 8k is a SEC filed document, so the SEC has looked at it and it has been given their stamp of approval right? So, is the SEC that stupid not to pick up on this "supposed" scandal. Without these documents I could see the "red flags", but what's the SEC good for if this isn't the case? Maybe I should ask wallstreet dude, he seems to know more than them. JMO :)
I don't think the SEC really looks these over but it IS a filing...not a PR
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
IP: Logged |
quote:Originally posted by TaxBack04: 1.49 Billion US dollars in SEC black and white... If it isn't true the author of said documents is headed for a black and white Federal issued prison uniform.
So if thats the case, disregarding what rufus/prs have said, what would be the general consensus on what the pps should be? Taking into account the 1.49 billion in assets alone, and then maybe a number including the JVs/subcompanies.
It sure is not 0.88 on the 97.5 Million outstanding confirmed by the TA last week.
quote:Originally posted by cassity: Correct me if I'm wrong, this 8k is a SEC filed document, so the SEC has looked at it and it has been given their stamp of approval right? So, is the SEC that stupid not to pick up on this "supposed" scandal. Without these documents I could see the "red flags", but what's the SEC good for if this isn't the case? Maybe I should ask wallstreet dude, he seems to know more than them. JMO
I don't think the SEC really looks these over but it IS a filing...not a PR
I was saying the same thing but you said it better.
quote:Originally posted by TaxBack04: 1.49 Billion US dollars in SEC black and white... If it isn't true the author of said documents is headed for a black and white Federal issued prison uniform.
So if thats the case, disregarding what rufus/prs have said, what would be the general consensus on what the pps should be? Taking into account the 1.49 billion in assets alone, and then maybe a number including the JVs/subcompanies.
I thought it was 2.6 Billion... I'd gues target open of $30
Posted by: 53chevy In reply to: HititUP who wrote msg# 53507 Date:8/23/2006 6:43:31 PM Post #of 53880
I believe you are correct in your analysis. RPH has committed to 2x book value:
UCC Funds $300M Caracas Group Bond $500M Lehman Bros Bond (A+) $579M ($450M Euro * $1.287 USD exchange) Finland Bond (AAA) $964M ($749M Euro * $1.287 USD)
TOTAL $2343M Authorized Shares ~111M Outstanding Shares ~97M Estimate Float ~26M Book Value Assets/share $21.11 2X Reset price $42.22
Plus whatever else is in the 10K....... this should even make the former CVSU holders happy. Looks like they will get the $34 they wanted......and can you imagine the implications of the short squeeze?
posted
Funny stuff that was just posted on HSM : just for fun
The study determined the following IQs of each president as accurate to within five percentage points:
147 Franklin D. Roosevelt (D) 132 Harry Truman (D) 122 Dwight D. Eisenhower (R) 174 John F. Kennedy (D) 126 Lyndon B. Johnson (D) 155 Richard M. Nixon (R) 121 Gerald Ford (R) 175 James E. Carter (D) 105 Ronald Reagan (R) 098 George HW Bush (R) 182 William J. Clinton (D) 091 George W. Bush (R)
The six Republican presidents of the past 50 years had an average IQ of 115.5, with President Nixon having the highest IQ, at 155.
President G. W. Bush was rated the lowest of all the Republicans with an IQ of 91. The six Democrat presidents had IQs with an average of 156, with President Clinton having the highest IQ, at 182.
posted
Those numbers are good. I think we were just addressing what is current documented in todays 8K, and what a correction tomorrow should entail.
It is comparing apples and oranges, but my company in their last 10Q filed about a 1B in assets, and half the outstanding shares. If this was even caomparable. The average price of EEFT is $30.00. So twice the shares should bring the price down 50% which is about $15.00.
Throw in the 10K and all Rufas has promised and I think the $42 is very possible if not a bit lite. In anycase this is not an $0.88 stock or even a $1 anymore. Not in my eyes at least.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
IP: Logged |
Tring to explain it to my girl here, but she's not getting it... something about me not explaining it very clearly. Any help would be appreciated cuz I'm going to bed.
quote:Originally posted by T e x: lol, tell her truth--you don't know
Nah, I get the holdings company to the subs, etc., but the more I think about it, the more odd Furia seems? I don't know.... maybe it's the grand marnier talking.
quote:Originally posted by T e x: lol, tell her truth--you don't know
Nah, I get the holdings company to the subs, etc., but the more I think about it, the more odd Furia seems? I don't know.... maybe it's the grand marnier talking.
One last thing and then I am going to bed.
The SEC issues a SIC number to public companies. CSHD now has Fronthaul's old SIC number which was Furia's original SIC number. Look up CSHD on Edgar it brings up Conversion Solutions Holdings Corp
Conversion Solutions Holdings Corp Updates Shareholders and Files 8K on Current Events Thursday August 24, 12:03 am ET
KENNESAW, Ga., Aug. 23 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), a Delaware Corporation announces that during the 10-K filing process the following current events have taken place. CSHD would like to announce the additional Deposit from the Humanitarian & Scientific World Foundation, LTD a Georgia LTD Foundation.
The Annex to the Global Funding Agreement brings a 749 Million Euro denominated Bond on the Republic of Finland with a 6% coupon to CSHD's Asset Back Management facility. (The Bond holds an S&P, Fitch, and Composite AAA rating).
The bond is loaded in the systems with the following codes:
Republic of Finland 6% AAA
Common Code: 008120510
ISIN: FI0001004558
Copy and paste the following link into a browser to see 8K file: http://sec.gov/cgi-bin/browse- edgar?company=furia&CIK=&filenum=&state=&sic=&owner=include&action=getcompany
About Conversion Solutions Holdings Corp
CSHD is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at http://www.cvsu.us.
quote:Originally posted by RyanPBF: I know someone else said this and so did I the other day. I wouldn't trust anything that bud750 and thehavenots post at Ihub. Last Friday I believe thehavenots posted that the 10k would be out this past friday. He didn't say he felt or in his opinion. He stated that it was a fact. Then the next thing he's posting about is the SEC was coming. And I guess they were in the form of an 8k
thought you might get a laugh out of this, posted on IHUB couple of days ago... supposedly same email for both BUD750's... lol
Tring to explain it to my girl here, but she's not getting it... something about me not explaining it very clearly. Any help would be appreciated cuz I'm going to bed.
Peace
OK Furia mergered with Fronthaul which then became FHAL. CVSU Reverse merged into FHAL and then became CVSU but couldn't use that symbol so they became CSHC which couldn't be used so they became CSHD which isn't recognized by the SEC because the SB4 hasn't been filed yet so they still show the filings as FURIA. Now CVSU which became CSHC and then CSHD did a JV with Georgia Aerospace which is called AISS. Hope that clears it up for you. LOL
posted
Here is a link to a Google search for hypothecating bonds.
In trying to understand what is actually happening here I read through a few. IMO, the bonds have been placed with Conversion Solutions so that they can get the funding neccessary to launch the JV's and Subs. The bonds become assets which secure the financing. Some people have asked why would anyone do that? I think the 8K tells us. The companies placing them are not relinquishing their rights to the bonds and they are getting a percentage of the funds being borrowed. CSHD's business is to fund companies they borrow against the bonds to accomplish this. It's a win win situation. CSHD gets the funds they need and the organizations that place the bonds not only make the interest on the bonds that they originally obtained them for but get a percentage of the funds that are borrowed. I not sure if I'm making sense right now but hopefully it will lead someone with a clearer mind than mine to pick it up from here.
quote:Originally posted by TaxBack04: .... Throw in the 10K and all Rufas has promised and I think the $42 is very possible if not a bit lite. In anycase this is not an $0.88 stock or even a $1 anymore. Not in my eyes at least.
thats a correct assessment but inculdes only the first half of what we know of at this point.
You need to add in the $3.5 Billion dollars Rufus stated he had under contract out of the $15 Billion dollars lined up to invest in the corp.
We havent even begun the short squeeze yet. 16 - 48 million shares (rumour control actually places it higher), that will be covered. This stock will be a sight to behold.
IP: Logged |
posted
Goodmorning I hope everyone has their flight gear ready. I haven't even ventured over to Ihub yet to see how their taking apart this 8k. I am sure they are working at it.
quote:Originally posted by TaxBack04: .... Throw in the 10K and all Rufas has promised and I think the $42 is very possible if not a bit lite. In anycase this is not an $0.88 stock or even a $1 anymore. Not in my eyes at least.
thats a correct assessment but inculdes only the first half of what we know of at this point.
You need to add in the $3.5 Billion dollars Rufus stated he had under contract out of the $15 Billion dollars lined up to invest in the corp.
We havent even begun the short squeeze yet. 16 - 48 million shares (rumour control actually places it higher), that will be covered. This stock will be a sight to behold.
Oh I think you are right just hard to talk about when right now it is so undervalued. GLTU! GLTA! Today should be the second begining to "The Great Corection!" Ha!
posted
Whats up people. Today is gonna be one of the best days ever. For once we can say screw U MMs. Time to squeeze the hell outta them. Between CSHD and ACTC today on stem cell. So many people are gonna make a lot of cash.
Smile people the sky's shining green today!!!!!!!!!!!
-------------------- Rule 1: Always Protect Your Capital Rule 2: Earn slow, Don't lose fast
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Cool]](cool.gif)
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)
