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Strategies & Market Trends : Conversion Solutions Holdings Corp. - A Scam? -- Ignore unavailable to you. Want to Upgrade?

To: anniebonny who wrote (626)	8/28/2006 7:39:39 AM
From: SI Bob	Read Replies (1) \| Respond to of 4624

He did mention something about not wanting shareholders who were in it for the profit. (or something to that effect).. I've groaned a number of times at penny-stock CEO's referring to their "faithful" shareholders, but the comment about not wanting shareholders with a profit motive does stand out as one of the most ridiculously funny comments I've ever seen a CEO make. Well, his most recent post (as of this writing) sure does run a close second. I know there is a way to spin a reverse split to make it sound likes its a deal! In my experience, an RS (which I believe is likely but is really unnecessary unless he wants to stubbornly not be wrong about a $54 price) flushes out most of the cheerleaders. Most can only be duped for so long and an RS is a serious wake-up call. What's usually left is a far more vicious breed of promoter. When RMIL was halted many years ago, most of the "faithful" bailed (from posting -- they couldn't bail from the stock), but the main ringleaders actually posted that the halt was the best thing that could've happened because the mess with the huge naked short position (which didn't exist, of course) would get cleared up. Couldn't he just blame it on the effects of the convertible death spiral and he had no choice? I can't believe what I've read there this morning. A particularly nasty tout shrugging off the death spiral debs as a non-issue, citing, among other things, a limitation of less than 5% stock ownership. Ummmmmm, if you're shorting into a sure thing, and cover a little at a time with shares you can buy at about half price every month, I don't think there's much chance you're going to end up with 5% of the OS. Seems too easy and lucrative a line of work. Short all you can and the worst-case scenario is you'll make 45% profit on the position when you cover it. Likely a lot more. Not bad for a month's work, and makes the initial investment pretty darned safe. Too bad I'm not more evil. I'd be rich.