Stocklemon Updates Conversion Solutions/ Fronthaul Group (OTC: CSHD)
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NEW SYMBOL - SAME SCAM SAME FRAUD.
Stocklemon is amazed at the naiveté of many investors as they blindly buy a stock based on the word of a CEO who has consistently lied to shareholders and to the investment community in what Stocklemon believes to be the most flagrant abuse of the markets we have seen to date. Please read the Stocklemon archives for the first two reports on Fronthaul.
Today, good ole CEO Rufus Harris changed the symbol of Fronthaul Solutions to CSHD but when we pull the skin off this lemon, we see that they company is nothing more than a figment of his vivid imagination — like one of those bad movies where you find out at the end the movie has been nothing more than someone’s dream. When the dust settles, many investors who thought they have found a get rich quick scheme are left broken hearted – finding out too late that Rufus’s dream has become their nightmare.
Stocklemon will take this opportunity to clarify what this company is that can be documented.
First and foremost is the bond asset. To this date we still have not seen anything from the company that would show any form of ownership of $500 million in bonds, or the source of any funds to buy such a portfolio of bonds. Or — as Rufus now tells us — $500 mil in cash. THIS IS A LIE. Stocklemon has proven that the bond issue, as identified in a company press release by CUSIP number, has not been “cashed in” and more importantly does not belong to Rufus or Conversion Solutions. THIS ALONE MIGHT BE GOOD FOR 18 MONTHS IN CLUB FED, RUFUS.
STOCKLEMON CHALLENGES RUFUS TO PROVE OWNERSHIP OF BONDS OR CASH. IF RUFUS CAN PROVE OWNERSHIP WE WILL MAKE A PUBLIC APOLOGY. STOCKLEMON IS CONFIDENT THAT RUFUS WILL BE QUIET ON THIS ISSUE.
Rufus also claims that his subsidiaries just need to be funded to be operational and profitable. Stocklemon cannot find any proof of any one of these subsidiaries actually existing as a functioning business. In the few that we can check, this is what we found:
Current Subsidiaries
Tserof Holdings Inc. - Could not find anything on this one. No website,
phone number so maybe this is a startup? If anybody has anything on
this one, I’d like to know.
CVSU Coffee Shop - I cannot find anything on this one. No website,
phone number so maybe this is a startup? If anybody has anything on
this one, I’d like to know.
Equine Solutions Inc. - This is nothing but a side business for Rufus where he personally buys and sells horses.
Stargate Productions, Inc. - I cannot find anything on this one. There are several Stargate Productions, LLC but I cannot find anything on Stargate Productions, Inc. No website, phone number so maybe this is a startup? If anybody has anything on this one, I’d like to know.
Merger Subsidiaries
Live Mortgage Free - I cannot find anything on this one. No website, phone number so maybe this is a startup? If anybody has anything on this one, I’d like to know.
Federal Chamber of Commerce - Spoke with the CEO of the Federal Chamber of Commerce. Mr. Katz was quite sure that he has not even spoken to Rufus in over a year. Rufus made some promises but never delivered on stock or cash.
Center State Beverage - Through a very painful process found this one.
Their website is currently down. The CEO, Mr. Bonneman stated today that funding from CVSU didn’t come through to meet their timelines and they basically had to move on.
LotteryFever.com - I cannot find anything on this one other than what was posted on the waatle website. Company seems to be nothing more than a business plan.
InfinityOne Inc. - I cannot find anything on this one. No website, phone number so maybe this is a startup? If anybody has anything on this one, I’d like to know.
Amruss Group, LLC - I cannot find anything on this one. No website, phone number.
LoanShoppers.com - Although the website exists, when we called the phone number on the contact page it was disconnected.
NOT ONE BUSINESS PRESENTED BY RUFUS SEEMS OPERATIONAL.
In his own words
http://www.mn1.com/members/modules.php?name=Downloads&d_op=getit&lid=165
http://www.mn1.com/members/modules.php?name=Downloads&d_op=getit&lid=166
These audio clips are the most recent statements of Rufus Harris about his company. They are full of the most unimaginable violations of every manner of securities law. Among the most outrageous is appx 1/3rd of the way through the second part. Rufus has been perpetuating the myth that he can halt his stock, wave a magic wand and reopen it at $15 dollars per share. This seems to be what has attracted most of his “investors”. He “guarantees” this will happen to callers, right on the tape.
But that’s not all! He also claims that if “the market” doesn’t support his valuation, he is prepared to go into the market and buy back the stock for “10 dollars, 15 dollars, even 30 dollars a share”…..with the proceeds of his non-existent cash from his non-existent bond, “audited” (he claims) by an auditor he is unwilling to identify.
Rufus, next time you speak to shareholders do not just give off some mumbo jumbo that does not makes sense. Don’t forget, while you are daydreaming about money and business other people are at the beginning of their financial nightmare.
Rufus, SHOW PROOF OF THE MONEY OR GO TO JAIL.