posted                   

quote:

---

Originally posted by Mr. CATIAEngineer:
Ok, again im not bond specialist but im trying to learn

Its my understanding that the people owning those bonds are investing in CSHD. CSHD is responsible for paying those people an interest rate in return for being able to hypothecate the bonds for funding their upcoming business ventures. Eventually, CSHD would be responsible for paying off the bond...at time of maturity.

Now, if this is how it works (correct me if im wrong) then there are some organizations out there willing to invest very large amounts of money in what CSHD has planned.

So, for all of the people saying that bond is just debt, you are partially correct. But, that debt is because someone is investing in them. When you decide someday to sell your shares then SOMEONE has to buy them. You offered up some money to borrow them and make some gains off of them and then collect later. Isnt this the same thing? The bond owners offered up some capital to make some extra coin for themselves and someday will collect.

This is how i thought bonds worked.

---

Posts: 6410 | Registered: Jul 2006  |  IP: Logged | 

posted                   

quote:

---

Originally posted by glassman:
that is my understanding too Cat...

i don't see why so many have a problem withit..

the bonds are financial CAPITAL..this is a financial capital company as stated in the SEC filings..

i've seen many, many, many companies that operate by sharing profits from financing...

---

Posts: 6410 | Registered: Jul 2006  |  IP: Logged | 

posted                   

quote:

---

Originally posted by TaxBack04:
I don't know Doni with audited fins this becomes a bit of a different play. A sell off could happen but only because the MM's are most likely still very short.

This play is still in an abnormal state thanks to all the shorts that did not believe the financials would ever be audited.

---

Posts: 4190 | From: Rhode Island | Registered: Mar 2006  |  IP: Logged | 

posted                   

quote:

---

Originally posted by dollar13:
just a question "who is the basher at the moment?"

---

Posts: 4190 | From: Rhode Island | Registered: Mar 2006  |  IP: Logged | 

posted                   

quote:

---

Originally posted by fhalyesss:
Lets break this down for all those strugging to grasp the basic concepts:

The bonds are not real/owned by CSHD?

On March 15, 2006, the Company acquired full ownership of Global Bonds issued through the Republic of Venezuela with an issuance date of July 31, 1998 and a maturity date of August 15, 2018. The principal amount of the bonds is $500,000,000 USD with a fixed interest rate of 13.625%, computed on a semi-annual basis. The applicable identification codes are as follows: Common Code - 008975540; CUSIP - 922646AT1; & ISIN Code - US922646AT10. The first interest payment is due on August 8, 2006, in which interest receivable and revenue have been properly accrued, to the holders of the bonds (the Company).


The financials are not audited?

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Board of Directors and Stockholders of Conversion Solutions Holdings Corp.

We have audited the accompanying balance sheet of Conversion Solutions Holdings Corp. as of June 30, 2006 and the related statements of operations, and stockholders' equity (deficit) and cash flows, for the year ended June 30, 2006. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audit in accordance with the auditing standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of internal control over financial reporting. Our audits include consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosure in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Conversion Solutions Holdings Corp. as of June 30, 2006 and the results of its operations and its cash flows for the year ended June 30, 2006 in conformity with accounting principles generally accepted in the United States of America. -S- Thomas Benson

CSHD has not got any cashflow?

The Company is the holder of a UCC Security Note (valued in excess of three hundred million USD), which was obtained as part of the merger with Waatle Holdings Corp. on June 17, 2005. The UCC Security Note was properly assigned to Waatle Holdings Corp. (assignee) on April 15, 2004 to be effective on May 27, 2004 from another company (assignor) in exchange for agreed upon consideration. The UCC Security Note is free and clear of all liens and encumbrances and the company has clear and marketable title to the assets securing the note. The assignor is a corporation organized and existing under the laws of the State of Washington and in good standing under the laws of such State. The value of the UCC Security Note is double collateralized, first by a federal judgment issued and second, by real property holdings appraised in excess of sixty million USD. The real property has been properly recorded as required by UCC Security statutes perfecting the interest of the assets, in accordance with the laws of the appropriate jurisdiction. The value components of the notes are as follows: $172,299,000 in principal and $137,839,000 in interest computed at 10%. The security note has a Certificate of Standing properly filed and recorded providing verification that there are no liens or other encumbrances against the note, and it is fully owned by the Company.

Total audited assets up to 30th June 06
$811,478,487

Lets keep bumping this page up for the benefit of newbies and skeptics alike!

---

--------------------
The "BIG PICTURE" http://www.businessjive.com/nss/darkside.html

Posts: 5449 | From: USA | Registered: Feb 2006  |  IP: Logged | 

posted                   

quote:

---

Originally posted by betting babe:
moss is like rufus will be tomorrow morning! yay rah rah!

anyone watching the redskins snipe the game knows what i mean

~BB

---

Posts: 91 | Registered: Aug 2006  |  IP: Logged | 

posted                   

quote:

---

Originally posted by betting babe:
moss is like rufus will be tomorrow morning! yay rah rah!

anyone watching the redskins snipe the game knows what i mean

~BB

---

Posts: 766 | From: Washington, DC | Registered: Sep 2006  |  IP: Logged | 

posted                   

quote:

---

Originally posted by dog:
Hello everyone... stayed away for a few days....was kinda difficult. Needed my CSHD fix.. but had a great weekend. I take it we haven't heard another word from our company.

If so... likely we won't see the 10K toworrow if we start trading. I expect mad swings up and down with a slow rise to our justifiable PPS... unless the bashers have corrupted iHubians and cause a panic selloff.
I'm sure some set a definitive sell date if CSHD filed an extension.

---

no panic selloff i dont think ,but yes lot of flippers


10k or not

Posts: 4112 | Registered: Jun 2006  |  IP: Logged |