FHAL

[PennyMaker]

wow.

[PennyMaker]

作者: yun

从心底佩服老大，人品和炒股的技能都是顶尖的。

看ike的贴子有段时间了，这位老哥的人品真的是不错。

[PennyMaker]

作者: ike

老兄过奖了，这里还有很多大侠都很好。

注意这个股由于基本面全变了，MM这几天拉得太急，可能有个急跌洗盘的动作
，我的策略是先埋7，8个买单(如挂0。6)，就等MM来个急跌，再借机给MM一个熊抱。

提前挂单有用吗？因为otc的交易不是以时间的优先成交的。

[PennyMaker]

on watch:

cyos.ob
gspg.ob

[PennyMaker]

作者: wild horse

闲来无事也会来坛子看看，发现绝大多数是干日倒。恕我直言，这是事倍功半的交易方式，难有大作为。其实时间恰恰是利润的朋友，而非频率。

时间恰恰是利润的朋友的前提是长线成长股，而otc市场大部分不是长期持有的。

[PennyMaker]

ike,赌一下从现在起2个月后，otc有那些股票可能翻上几番的？

[PennyMaker]

Conversion Solutions temporarily suspended by the SEC

2006-10-24 19:23 ET - Street Wire

by Lee M. Webb

Conversion Solutions Holdings Corp., a penniless OTC Bulletin Board promotion headed by semi-literate chief executive officer Rufus Paul Harris, has drawn a 10-day trading suspension from the U.S. Securities and Exchange Commission (SEC).

Among other things, the U.S. regulator has questions about the company's purported ownership of approximately $6.78-billion worth of bonds issued by the Republic of Venezuela. (All amounts are in U.S. dollars.)

According to the SEC, questions have also arisen about Conversion's purported contractual relationship with Deutsche Bank, which was announced in a Sept. 27 news release.

"The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company," the SEC notes in its Oct. 24 order.

While Canadian regulators can suspend trading in a security indefinitely, SEC trading suspensions automatically expire after 10 days. The SEC's Oct. 24 order of trading suspension against Conversion will expire at midnight on Nov. 6.

The bonds

As previously reported by Stockwatch, Conversion is the recent offspring of a union between a virtually penniless grey sheet outfit with a similar name, Conversion Solutions Inc. (CVSU), and The FrontHaul Group Inc., a cash-strapped OTC-BB company.

The merger, announced in July, was reportedly consummated on Sept. 13.

Notwithstanding its pauperish roots and virtually cashless condition, Conversion claimed to have an asset portfolio of approximately $7.3-billion and an estimated book value of $70.71 per share as of Oct. 16.

The bulk of Conversion's purported $7.3-billion asset portfolio reportedly consists of bonds.

Indeed, even before the merger with financially challenged FrontHaul, Georgia-headquartered Conversion's grey sheet precursor, CVSU, was touting its rather surprising bond assets.

In an April 27 news release, CVSU reported that as a result of "a Global Funding agreement with Ismet Paez of The Caracas Group," it had added a $500-million Republic of Venezuela bond to its portfolio.

Neither Ismet Paez nor The Caracas Group are household names, even among seasoned investors. Indeed, they are remarkably obscure.

The promotion ramped up after the announcement of the proposed merger with FrontHaul and penniless Conversion's ballyhooed bond portfolio purportedly grew by leaps and bounds.

On Aug. 18, Conversion announced that under another touted global funding agreement, this one with an outfit called the Humanitarian & Scientific World Foundation Ltd., it had acquired a euro-denominated Lehman Brothers Holdings PLC bond with a converted value of approximately $579-million.

"With the addition of this Asset to the corporation, we are now looking at a new justifiable reorganization release price of $25.63, up $10.63 from the original estimated $15.00 per share ($12.81 Book X 2)," Mr. Harris proclaimed in the Aug. 18 news release.

Investors, particularly members of Conversion's gullible cult-like Internet following, were still marvelling at that reported acquisition when the company added to its purported stash of bonds just five days later.

On Aug. 23, Conversion announced that, in another deal with the Humanitarian & Scientific World Foundation, it had acquired a euro-denominated bond on the Republic of Finland with a converted value of approximately $939-million.

It was more than a month before Conversion wowed investors with another purported bond acquisition, but what an acquisition it was.

On Sept. 27, Mr. Harris's cash-strapped OTC-BB promotion reported that it had acquired another Republic of Venezuela bond, this one purportedly a euro-denominated bond with a fantastic converted value of approximately $6.28-billion.

Oddly, when Conversion issued its fluffy Oct. 16 announcement touting $7.3-billlion in assets and a book value of $70.71 per share, the company made no mention of the purported euro-denominated Venezuelan bond. Instead, Conversion touted a $5-billion contract expansion with the obscure Caracas Group.

In any event, the SEC may well have a number of questions "regarding the accuracy and completeness of information contained in Conversion's press releases and public filings" beyond those relating to the two Venezuelan bonds specifically mentioned in the regulator's Oct. 24 trading suspension order.

The banking platform

In its Oct. 24 suspension order, the U.S. regulator also specifically mentioned Conversion's purported contractual relationship with Deutsche Bank, rendered as "Deutche Bank" in a company news release.

In a separate Sept. 27 news release following the same-day announcement of the purported acquisition of the $6.28-billion Venezuelan bond, Conversion claimed to have contracts with a number of banks relating to some vague "banking platform" for its "Global, Sovereign and Institutional Investors."

"The corporation has obtained contracts from the following banks Deutche (sic) Bank, ABN Amro Bank, Dresdner Bank and Kommerce Bank," the company sloppily reported. "The mentioned banks will be the foundation for our project funding platform."

It is far from clear just what Conversion means by a "banking platform" or, for that matter, a "project funding platform," but that seems to have been lost on the company's semi-literate leader.

"This announcement is the first of explanations on CSHD's operations, which will help most investors to understand our business model and activities," Mr. Harris declared in the Sept. 27 news release, which explained nothing at all.

In any case, perhaps the SEC will obtain an explanation about the vaunted "banking platform" or "project funding platform" during the course of asking Conversion to satisfy concerns about the company's purported relationship with Deutsche Bank.

The cult

The reaction to the SEC's 10-day suspension of Conversion has been somewhat mixed among the company's cult-like Internet following, including cheerleading members of the critically characterized "tree-house club" who congregate on a chat site called HotStockMarket.com.

While concern over the suspension has been expressed by some of the company's followers, other devoted fans suggest that nasty short sellers are responsible for Conversion's current woes.

Among other things, some claim that the suspension is the result of collusion between the SEC and short sellers.

In a different flight of fancy, some particularly gullible members of the company's cult-like following claim that the trading suspension is a masterful stroke of genius orchestrated by Mr. Harris as part of his plan to trap short sellers and propel Conversion's share price to astronomical levels.

Carrying the fantasy even further, some naive cheerleaders suggest that the SEC will give its stamp of approval to Conversion and, following the suspension, the company will open for trading on the Nasdaq Stock Market where it will rocket to $100 per share or more.

The reality, of course, will be quite different.

Indeed, if Conversion follows the normal course of suspended OTC-BB companies, it will be booted down to the pink sheets and change hands only in unsolicited trades. In other words, the company will be headed back to its grey market beginning.

The critics

While Conversion's cult-like followers fantasize, some of the company's critics wonder why it took the SEC so long to take any action.

Among other things, some Internet critics claim that they raised questions about the promotion and the company's ballyhooed bond acquisitions from the outset and forwarded their concerns to the SEC.

Critics also point to deficiencies in Mr. Harris's creative cut-and-paste annual report that was belatedly filed on Oct. 16, claiming that the SEC should have stepped in then, at the very latest.

Indeed, according to some critics, the laughable OTC-BB promotion should have been suspended long ago and the suspension followed up with an administrative proceeding against the company.

It remains to be seen whether the SEC does initiate an administrative proceeding against the company.

The Georgia documents

Meanwhile, some of Conversion's devoted followers continue to insist that the company does indeed have billions of dollars worth of bonds. The proof and answers to many concerns, they claim, can be found in court documents filed in Georgia.

In fact, Conversion has filed hundreds of pages of documents in a small Georgia state court in Cartersville in Bartow county, though it is far from clear that those documents will allay the SEC's concerns.

In any event, court staff in Cartersville are certainly familiar with the Conversion filings.

Among other things, court clerk Gary Bell apparently found it somewhat peculiar that Conversion insisted that the documents, which include lengthy merger and joint venture agreements as well as global funding agreements, be filed in the real estate index.

Mr. Bell also recalls that he had to chase the company to make good on the filing fee.

Stockwatch will review Conversion's Georgia court documents and provide some further background on the OTC-BB promotion's precursors in future articles.

Conversion last traded on Oct. 23 when approximately 674,000 shares changed hands and the stock closed at $1.99.

Stockwatch will continue to follow developments.

Comments regarding this article may be sent to lwebb@stockwatch.com.

(More information regarding Conversion Solutions Holdings Corp. is available in Stockwatch articles published on Oct. 13, 16, 18 and 20, 2006.)

Reader Comments - Comments are open and unmoderated, although libelous remarks may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.

look at that TERX.

Posted by white rock pump @ 2006-10-24 16:53

Damn those people who posted here who were previously associated with the Casavante scams.

You have tainted us with that brush. Damn your eyes, we'll never trade again.

Posted by Sabra Dabbra Doo @ 2006-10-24 18:18

WHAT DID I TELL YOU GUYS? *EVERY* stock that Lee exposes is either suspended by the SEC, delisted, or trading for next to nothing. And you didn't believe me. *shakes head*

Posted by goLEEgo @ 2006-10-24 18:27

"Investors, particularly members of Conversion's gullible cult-like Internet following"

Hard to believe there are more suckers left in the ocean after the CMKX fiasco, but I guess there are.

Posted by goLEEgo @ 2006-10-24 18:30

Blah, blah, blah, blah . . .

Posted by golden1101 @ 2006-10-24 20:17

I just want to know the truth!!!

Posted by steve S. @ 2006-10-24 22:08