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January 25, 2007 – Comments (4)

Look what the operators of Conversion Solutions Holdings are spinning as their latest scheme:

http://biz.yahoo.com/iw/070124/0207176.html

Why this farce is allowed to trade, I have no idea. The SEC should have shut the entire operation down, instead of letting it go on to lure in a new batch of suckers.

4 Comments – Post Your Own

#1) On January 25, 2007 at 4:19 PM, Steve819 (97.69) wrote:

..."which can detect and identify any unusual surface manipulations over large and strategic areas which can be targets for terrorist activities."

What the heck is that? I'm thinking solar run cameras that use Pegasus blimps to spot Russians czars doing stupid things. Then maybe they might be able to get a deal going over there.

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#2) On January 25, 2007 at 5:58 PM, TMFBent (99.82) wrote:

Ahh, but Steve, you're conflating Pegasus with conversion solutions with Globetel. Easy mistake to make. A primer:

Conversion solutions: unsupported claims for billions in Venezuelan bonds. SEC brought the hammer down. Illiterate-sounding CEO Rufus Paul Harris replaced by some other stock promoter.

Pegasus: Huckster Jasper "I'm on TV" Knabb, with promises of great networking products but growth coming from acquisition of a portion of a low-margin business from a related party.

GlobeTel: Wimax blimps, scale model can't even fly, let alone do any of the tough tasks its purported to do. When that didn't work, a Russian WiMax deal which fell through. Then it was back to blimps

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#3) On January 25, 2007 at 6:32 PM, Steve819 (97.69) wrote:

I know, but I thought it was a funny mental pic. :)

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#4) On January 26, 2007 at 7:41 AM, TMFBent (99.82) wrote:

I figured that mighta been an on-purpose conflation... But I figured I better straighten it out for those who aren't as used to sniffing the dumpster as we are.

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