quote:Originally posted by 10of13: You are such a sweetie to be so concerned...
Thanks guys/gals...Wally...I can't listen to the SPR...if there is anything "major" would you post it here? thanks!
quote:Originally posted by tyleemary:
quote:Originally posted by 10of13: I had an emergency and had to leave just moments after the filing...what the heck happened? Anyone? Yeah, yeah i know...I'll start reading...
Do you know how ?
No problem. Nothing earth shattering at this point. Longs calling in and saying it's a great thing. Someone calling in thanking TUT. Simon has ask about the dilution. No real answers there. No Rufus, Sabra, Ben or Mike so far. I'll try to keep you updated.
posted
Wally ~ I understand what you are saying but I have witnessed dilution and this is not it. You can't sink the price on an undervalued stock by adding this many shares in this method.
Frankly I hope that everyone that wants sells out and goes running from this stock. I hope they do it quickly! Let's see less shareholders, remainder are primarily longs, and a lower price.
So Rufus has to give out more shares to fewer people including myself, who will be less likely to sell this stock at low share prices.
Sorry if there are shareholders out there that were looking for a quick payday at the expense of the longer term holders but I am in favor of getting more shares of a stock that has a 10Q full of recent multi-billion dollar bonds comming down the pipe.
Bottom line - Rufus has done what he promised...just maybe not as expected but it works out the same!
You basically ARE getting $15/share!!!
Doc & Tax are explaining things........
I don't know why everyone's so glum.
Rufus has a plan & we just can't see the whole picture. We only have a few pieces of the puzzle so we can't see the whole thing.
We we're waiting for the 10K, it came! ...And it's awesome!!!
Next we will be waiting for the 10Q which will be even better!!!
How can this be bad we will have possibly 5x as many shares with an upcoming 10Q containing HUGE assests & bonds in it, and a move to Nasdaq (not sure which order) but this is spectacular!!
Take a breath- we are in something that is tremendous!!!!
-------------------- ..just remember....Family is EVERYTHING!!
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posted
rburnout, you are obviously a basher. you hide your star rating because you are only here for one reason. your first post on allstocks is an obvious attemt to scare people. And about the bond, you need to do your own DD, then you would not look like a complete idiot for relying on others DD... GLTY
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
Ok Tax I'm not understanding how the pps will stay the same after they pay the dividend or split. I've been involved in splits before and the pps always reflected the new share count.
posted
rburnout- I would love to see the DD you've done to find that info about the bonds.....any links would be appreciated.. Thanks! I'll be curious to see if you return.......
-------------------- ..just remember....Family is EVERYTHING!!
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quote:Originally posted by RyanPBF: Ok Tax I'm not understanding how the pps will stay the same after they pay the dividend or split. I've been involved in splits before and the pps always reflected the new share count.
That's my point exactly. ****************************************
As far as RBurnout. Just ignore him. He is not bring anything of value to the table.
posted
A company with a 10KSB showing $800 $illion in assets, has a market cap of $52.2 Million at the end of the day? Hmmmm...
I couldn't feel more comfortable in my position. MMs are going to have to watch this climb on good news. And I am going to get MORE shares the day before Halloween just for holding in there.
posted
No, he said he talked with him at 5:30 central, he's just talking about it now.... he's been talking with Simon for a while but just brought up the conversation with Ben just now... sorry if I wasn't clear.
-------------------- ..just remember....Family is EVERYTHING!!
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posted
Wally/Ryan, I know how splits work. I believe we will get PRs to raise our pps before the 30th and if they do not accomplish the 15pps we will move to the NASD where they will release the 10Q showing the billions in assets. Once we reach the NASD we will see our true pps value. JMHO
-------------------- Success is having the time and money to enjoy all of life's wonders...
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KENNESAW, Ga., Oct. 16 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation announces the following current events have taken place.
CVSU would like to announce that today we file our 10-KSB and a 10-KSB/A Annual Report.
The Filing highlights the company's strong growth and the large market expansion of its Asset Backed Portfolio. It also notes that the company will reveal the Assets that have been contracted since June 30, 2006, in the upcoming statements of financial results.
Net Income for the fiscal year ending of June 30, 2006 was $18,530,865.
Total Assets for the fiscal year end was $830,009,352. Total Shareholder equity for the fiscal year end was $789,508,292.
Total issued Shares as of year end was 62,489,721, given the corporation a calculated book value of $12.63 as of June 30, 2006.
With the addition of the Lehman Brothers Holdings PLC Bonds of $450,000,000 Euro ($564,092,494.32 USD as of October 16, 2006 at 7:26 pm), the Republic of Finland Sovereign Bonds of $749,000,000 Euro ($939,000,348.90 USD as of October 16, 2006 at 7:26 pm) and the Contract expansion with the Caracas Group of $5,000,000,000 USD the corporation currently has an asset portfolio of $7,292,601,135.22.
The total current issued share of the corporation after the merger as of today, October 16, 2006 close of business is 103,135,657 giving the corporation a current estimated book value of $70.71.
A typographic error in the 10-KSB under Item 5 Current Event-Driven Threshold Price Reset should have read as follows;
Current Event-Driven Threshold Price Reset
As a result of the Merger agreement between FrontHaul Group and CSHD [incorporated herein by this reference to 8-K/A Current report, item 2.01 Acc-no: 0001297077-06-000068 (34 Act)] Item 2.6 Average Closing Price Adjustment which reads a follows;
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company shall deliver written notice to the Company no later than the second (2nd) Business Day preceding the Closing Date pursuant to which the Surviving Holdings Company shall elect, in its sole discretion, to: (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price; (b) set the Average Closing Price at $15.00 and pay the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4) an amount in cash equal to $15.00 minus the Actual Average Closing Price per share of Buyer's Stock to be received by such holders of Company Shares; or (c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4).
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 16, 2006, the issuance date of the Reset shares is 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 16, 2006 (X) minus Actual Closing Price on October 16, 2006) (15 / X - X).
A 10-KSB/A was filed and accepted at 6:50PM and will show up on the Edgar System first thing tomorrow morning.
"The Threshold Price Reset means that for every share you owned as of the close of business today you will receive 6 additional share (no fractions will be issued and will be rounded down to the nearest whole) of CSHD on or around October 30, 2006. This transaction will take the total issued share number to 618,813,942 giving the corporation an estimated book value of $11.78," stated Rufus Paul Harris, Chief Executive Officer.
About Conversion Solutions Holdings Corp
CSHD is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at www.cvsu.us.
SOURCE Conversion Solutions Holdings Corp
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
Conversion Solutions Holdings Files 10-KSB, Annual Report KENNESAW, Ga., Oct. 16 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation announces the following current events have taken place.
CVSU would like to announce that today we file our 10-KSB and a 10-KSB/A Annual Report.
The Filing highlights the company's strong growth and the large market expansion of its Asset Backed Portfolio. It also notes that the company will reveal the Assets that have been contracted since June 30, 2006, in the upcoming statements of financial results.
Net Income for the fiscal year ending of June 30, 2006 was $18,530,865.
Total Assets for the fiscal year end was $830,009,352. Total Shareholder equity for the fiscal year end was $789,508,292.
Total issued Shares as of year end was 62,489,721, given the corporation a calculated book value of $12.63 as of June 30, 2006.
With the addition of the Lehman Brothers Holdings PLC Bonds of $450,000,000 Euro ($564,092,494.32 USD as of October 16, 2006 at 7:26 pm), the Republic of Finland Sovereign Bonds of $749,000,000 Euro ($939,000,348.90 USD as of October 16, 2006 at 7:26 pm) and the Contract expansion with the Caracas Group of $5,000,000,000 USD the corporation currently has an asset portfolio of $7,292,601,135.22.
The total current issued share of the corporation after the merger as of today, October 16, 2006 close of business is 103,135,657 giving the corporation a current estimated book value of $70.71.
A typographic error in the 10-KSB under Item 5 Current Event-Driven Threshold Price Reset should have read as follows;
Current Event-Driven Threshold Price Reset
As a result of the Merger agreement between FrontHaul Group and CSHD [incorporated herein by this reference to 8-K/A Current report, item 2.01 Acc-no: 0001297077-06-000068 (34 Act)] Item 2.6 Average Closing Price Adjustment which reads a follows;
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company shall deliver written notice to the Company no later than the second (2nd) Business Day preceding the Closing Date pursuant to which the Surviving Holdings Company shall elect, in its sole discretion, to: (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price; (b) set the Average Closing Price at $15.00 and pay the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4) an amount in cash equal to $15.00 minus the Actual Average Closing Price per share of Buyer's Stock to be received by such holders of Company Shares; or (c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4).
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 16, 2006, the issuance date of the Reset shares is 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 16, 2006 (X) minus Actual Closing Price on October 16, 2006) (15 / X - X).
A 10-KSB/A was filed and accepted at 6:50PM and will show up on the Edgar System first thing tomorrow morning.
'The Threshold Price Reset means that for every share you owned as of the close of business today you will receive 6 additional share (no fractions will be issued and will be rounded down to the nearest whole) of CSHD on or around October 30, 2006. This transaction will take the total issued share number to 618,813,942 giving the corporation an estimated book value of $11.78,' stated Rufus Paul Harris, Chief Executive Officer.
About Conversion Solutions Holdings Corp
CSHD is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at www.cvsu.us.
quote:Originally posted by RichBy26: Wally/Ryan, I know how splits work. I believe we will get PRs to raise our pps before the 30th and if they do not accomplish the 15pps we will move to the NASD where they will release the 10Q showing the billions in assets. Once we reach the NASD we will see our true pps value. JMHO
I think we all like your line of thinking!!!!!
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HERE IS THE CLARIFICATION!!! NEEDED TO BE A SHAREHOLDER TODAY!!!!
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 16, 2006, the issuance date of the Reset shares is 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 16, 2006 (X) minus Actual Closing Price on October 16, 2006) (15 / X - X).
A 10-KSB/A was filed and accepted at 6:50PM and will show up on the Edgar System first thing tomorrow morning.
'The Threshold Price Reset means that for every share you owned as of the close of business today you will receive 6 additional share (no fractions will be issued and will be rounded down to the nearest whole) of CSHD on or around October 30, 2006. This transaction will take the total issued share number to 618,813,942 giving the corporation an estimated book value of $11.78,' stated Rufus Paul Harris, Chief Executive Officer.
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posted
Sheesh the freakin formula explanation is still jacked...both variables (X - X) are value of EOD today (Oct 16). Thank goodness it explains further.
-------------------- One shot - One kill.
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posted
I am so mad at myself right now....I sold some shares today...and the 10K came out...I saw the way the market reacted...I did a quick scan...and an emergency came up...so I left...WIthoutOUT BUYING back in...I though that I had until the 30th....I am kicking my but!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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