quote:Originally posted by RichBy26: has anyone gotten to the assets??? does it show the billions we were expecting? I'm looking just haven't gotten that far yet..
The Company's plan of operations for the remainder of 2006 is to raise capital against its asset base and develop its’ role in the niche market for securities offerings using asset based funding techniques. This entails the development of the CSHD business model. CSHD INTENDS TO LIST ITS STOCK ON THE NASD. To this end, CSHD is in discussion with various market makers to engage in a firm underwriting using a syndicated market distribution approach.
-------------------- "Great Day for Up!"....Dr. Seuss
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quote:Originally posted by RichBy26: has anyone gotten to the assets??? does it show the billions we were expecting? I'm looking just haven't gotten that far yet..
posted
remember Rufus said there was nothing in the 10-k that we didn't already know about. I'm just extatic that they filed it. Now the audited financials in this one are supposed to have more weight than the financials from the 8-k? according to some bashers.
FHAL and the Company intend to file an S-4 registration statement/prospectus in connection with the proposed Merger for the registration of the Company shares pursuant to the Merger agreement. Completion of the Merger is subject to customary closing conditions, including, among other things, (i) absence of any order or injunction prohibiting the consummation of the Merger; (ii) the accuracy of the representations and warranties of the each party; and (iii) compliance of each party with its covenants.
The Merger Agreement contains certain termination rights for both the Company and FHAL.
This description of the Merger Agreement is qualified in its entirety by the terms and conditions of the Merger Agreement.
GLOBAL FUNDING AGREEMENT #252455779-08122006-LBH
On August 18, 2006, subsequent to our audit period and not audited or reviewed as part of these financial statements, Conversion Solutions Holdings Corp. entered into a Global Funding Agreement #252455779-08122006-LBH with the Humanitarian & Scientific World Foundation, LTD., a Georgia LTD Foundation.
The funding agreement brings a Four-Hundred and Fifty Million Euro ($579,149,833 USD converted) denominated Note on Lehman Brothers Holdings PLC with a 6 1/8% coupon to the Company's Assets. The MTN holds an S&P, Fitch, and Composite A+ rating with a Moody's A1 rating.
CONVERSION SOLUTIONS HOLDINGS CORP. (A DEVELOPMENT STAGE COMPANY) NOTES TO THE FINANCIAL STATEMENTS
Effective August 22, 2006, Conversion Solutions Holdings Corp. and the Humanitarian & Scientific World Foundation, LTD., a Georgia LTD Foundation increased the Deposit under Global Funding Agreement #252455779-08122006-LBH, with the addition of the following bonds; Republic of Finland $749,000,000 Million Euro with a 6% coupon.
Because these transactions (Global Funding Agreements) occurred subsequent to the audit period, they were not reviewed or audited but merely referenced to and disclosed in these footnotes.
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posted
The reason the PPS is staying or dropping is because of the complete Basher attack all over the Internet. Ihub has seriously about 25 bashers taking complete control of the board. All the same idiots who said that there would never be a 10K.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
I meant raise the price....also, do they just give us more shares to equal what would be $15 worth if its not at that price already then?
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posted
Sell out if you are not comfortable with this... Makes no matter to me at this point. The lower it is the more shares I get. they reverse it to lower the share count and I can still have promised amount.
I will be concerned with the price after the 30th now. I just did the calculation at a dollar a share and my account is looking pretty sweet.
posted
So does that mean the shares i bought 2 weeks ago, i won't be compensated? That doesn't seem accurate... The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 30, 2006 10 business days from the filing of this form 10-KSB. The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 30, 2006 (x) minus Actual Closing Price on October 30, 2006) (15 / X - X).
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posted
very strange - the "gifting" of shares to increase your portfolio to an equivalent "$15 per share" should be driving up demand - after all, who wouldn't want to buy shares for $2 knowing that on Oct. 30th, you'd have more shares given to you to raise your overall value by 7.5 times (based on $2 PPS). My guess is that the information has not been digested, yet.
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posted
I think that this is 900 Million Rufus said that he could use to buy shares with. He is going to buy them to give to us if the price is not $15 bucks.
-------------------- Penny Stocks? Might as well be online Gambling....and I think I am addicted.
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quote:Originally posted by jmoe20: So does that mean the shares i bought 2 weeks ago, i won't be compensated? That doesn't seem accurate... The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 30, 2006 10 business days from the filing of this form 10-KSB. The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 30, 2006 (x) minus Actual Closing Price on October 30, 2006) (15 / X - X).
Well joe, I think you bought before the 30th of October didn't you?
posted
If you own shares on Oct. 30th, I think it means you get the $$, which is my distaste with it - it doesn't reward the longs, it just gives the doubters another 15 days to buy....
-------------------- Study before you buy, Sell before you think about it....
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