posted
SherriT, I know. It will come with something paying off for a change again. I'm very pi$$ed off at this company right now and would like to hear more about what's going on. Where are the psychos and hit men when you need them.
quote:Originally posted by SherriT:
quote:Originally posted by 6digits: Ya SherriT, you would think between 3 CEOs at least 5 billion in bonds and countless JVs lined up there would be something to announce about something..the ball should have been rolling on this months ago. Ben Stanley could have slowed it down, especially if he had to talk. Just getting a word out of his mouth sounded like a monumental task.
6, you GOTTA get a better outlook!
I was referring to the trading in general - looks like low volume in most places (at least the 20ish I am watching)
posted
While looking for Ecowood info I found an old PR which I thought I'd throw out here in case anyone wanted it for a reference point to run and research. Besides the Euroclear 5B bond I had forgotten about the other bond from Finland.
Conversion Solutions Holdings Files 10-KSB, Annual Report Monday October 16, 8:43 pm ET
KENNESAW, Ga., Oct. 16 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), 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 shares (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.Posts: 2498 | Registered: Mar 2006
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posted
Morning folks. I figured I'd share some wisdom from the immortal words of Homer Simpson:
"Now we play the waiting game...........EHH,the waiting game sucks lets play Hungry Hungry Hippos"
Anyone up for some Hungry Hungry Hippos?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
Any one want to put a branding iron to Harris a$$ and see if we can get him to do something beneficial for something. A stroke should be the least of his problems.
Posts: 957 | Registered: Jun 2006
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quote:Originally posted by 6digits: Any one want to put a branding iron to Harris a$$ and see if we can get him to do something beneficial for something. A stroke should be the least of his problems.
What the hell is this all about? A stroke? Not very nice post. Save your anger until you know for sure who to be angry at.IMO
Posts: 360 | Registered: Aug 2006
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posted
Thats enough lecturing for one day. Use your energy to get one of these big wheels to give some useful info to the shareholders. Harris only wanted to drag me through the court system for ever to satisfy his own good. It was'nt intended to be a nice post.
Want nice tell me what the CSHD inner circle is doing.
quote:Originally posted by Ocqueoc:
quote:Originally posted by 6digits: Any one want to put a branding iron to Harris a$$ and see if we can get him to do something beneficial for something. A stroke should be the least of his problems.
What the hell is this all about? A stroke? Not very nice post. Save your anger until you know for sure who to be angry at.IMO
quote:Originally posted by 6digits: Thats enough lecturing for one day. Use your energy to get one of these big wheels to give some useful info to the shareholders. Harris only wanted to drag me through the court system for ever to satisfy his own good. It was'nt intended to be a nice post.
Want nice tell me what the CSHD inner circle is doing.
quote:Originally posted by Ocqueoc:
quote:Originally posted by 6digits: Any one want to put a branding iron to Harris a$$ and see if we can get him to do something beneficial for something. A stroke should be the least of his problems.
What the hell is this all about? A stroke? Not very nice post. Save your anger until you know for sure who to be angry at.IMO
Lecture must have done some good, Noticed in your 1st post, mad at "RPH", 2cd post " big wheels". How about you use your energy and let us know what you find out.
Posts: 360 | Registered: Aug 2006
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posted
Hello to all board members! I'm sorry my first posts of the day were negitive. Sometimes things hit a last nerve and that was mine.Rest of the day, I'll be good!
Posts: 360 | Registered: Aug 2006
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posted
I have suspected this from the time that MA first tried to take over the co. At this point I feel we have two things working to our advantage. MA and now JA are both heavily invested in this (with several others). They don’t want to throw their investment away. The way I see it only leaves four scenarios moving forward:
1. They knew the co. had real assets and will use these to continue the CSHD business plan.
2. they knew the co. had real assets but are "locked out" of rph's business plan (worthless or otherwise) and once the assets are in their control they will use them to advance this stock in their other business models (ie-echowood for MA, the songwi subs. or whatever JA still has up his sleeve).
3. the assets are far less than anyone had thought/non-existent, and MA and JA still can’t let this fall into sub penny land and will do what every they can with what they have to make a new business model work from this point forward. (Note: although this could be a very real scenario and we would in effect be at square one again, there is no reason to think these men can't succeed or at least get us trading at reasonable levels again).
4. We have no assets and MA and JA's other business plans in no way help us here. Everyone moves on. I think if after looking into the co. Which obviously MA and JA have more info than we do, if this was going to happen then why would both want control of the co. They obviously are going to at least make an attempt with one of the above scenarios IMHO.
BuckyBarnes Member posted December 11, 2006 01:27 ________________________________________ Just checing to see if there were any new developments this weekend. Saw this interesting post on HSM from ealier tonight. Does this David Perley's name ring any bells? And did any of this thread's DD'ers find anything like this about CSHD's majority stockholders? ++++++++++++++++++++++++++++++++++++++
"RUMIN8OR HSM Newbie Join Date: Oct 2006 Posts: 84 Quote: Originally Posted by ernie d CSHD doesn't have a JV investment in Ecowood (log hauler) * this point.
It is my understanding that Mike Alexander and Dave Perley (Ecowood) control 61% of Conversion. It is my further understanding that Ecowood is looking for a firm such as Conversion to manage the assets. It is my speculation that as soon as Conversion gets it's skirts clean, Conversion has as good a chance at landing that management contract as anyone, and maybe even better because of the intertwined ownership. I really can't see MA and DP letting their 61% of Conversion getting left behind.
That's my opinion and I'm sticking to it. I have orders in with two brokerage firms and am hoping they both get filled first thing tomorrow morning. "
Posts: 140 | From: CT | Registered: Aug 2006
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posted
CSHD is slowing fading from the message boards, we used to be #1 here and IHub. Now we're not even on the map over there, HSM is slowing way down and here we've dropped to #5 or 6.
A shame, I remember 2 months ago when we were always at the top, $2 a share and heading to great things.
A lot of the shareholders still have not bailed and many like myself are just patiently waiting.
Although we all would like daily or weekly PR's sometimes no news is good news. At least we aren't hearing anything negative from the company or the SEC, right. ??
I look everyday for news. No bad news is GREAT.
Posts: 2498 | Registered: Mar 2006
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quote:Originally posted by Uncle Smelly: CSHD is slowing fading from the message boards, we used to be #1 here and IHub. Now we're not even on the map over there, HSM is slowing way down and here we've dropped to #5 or 6.
A shame, I remember 2 months ago when we were always at the top, $2 a share and heading to great things.
Such is life!
Good. Soon this blackmark on this board will be gone. GONE WITH THE WIND.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
well my day is officially fd up. took a huge financial loss on the way home ont he expressway. 90 in a 60, no proof on insurance (i have) 5% tint violation, and a bullsh!t careless driving violation...
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
Did any body ever make sense of what that kook Rufus was trying to do? Like he said himself he spent a long time setting this up and then it seems like he was just dropping it like it's nothing.
Posts: 957 | Registered: Jun 2006
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quote:Originally posted by trade04: well my day is officially fd up. took a huge financial loss on the way home ont he expressway. 90 in a 60, no proof on insurance (i have) 5% tint violation, and a bullsh!t careless driving violation...
At least they didn't find the weed in your trunk. Or that would mean, HELLO BUBBA.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
trade, what were you thinking. Maybe about cshd. It sounds like you would have been better off throwing a fit at allstocks. GL
quote:Originally posted by trade04: well my day is officially fd up. took a huge financial loss on the way home ont he expressway. 90 in a 60, no proof on insurance (i have) 5% tint violation, and a bullsh!t careless driving violation...
posted
Some thing is starting to stink prematurely.
quote:Originally posted by Repoman75:
quote:Originally posted by Uncle Smelly: CSHD is slowing fading from the message boards, we used to be #1 here and IHub. Now we're not even on the map over there, HSM is slowing way down and here we've dropped to #5 or 6.
A shame, I remember 2 months ago when we were always at the top, $2 a share and heading to great things.
Such is life!
Good. Soon this blackmark on this board will be gone. GONE WITH THE WIND.
quote:Originally posted by Stockstar69: Don't lose hope!
The SEC still has not proven anything.
A lot of the shareholders still have not bailed and many like myself are just patiently waiting.
Although we all would like daily or weekly PR's sometimes no news is good news. At least we aren't hearing anything negative from the company or the SEC, right. ??
I look everyday for news. No bad news is GREAT.
the SEC does not have to prove anything! the COMPANY has to prove they have what they claimed!! aparrently they cannot or this would have been over weeks ago!. and we all no the SEC does not comment on the outcome of it`s investigations unless criminal charges are filed. ( witch may happen yet ) but this was all part of the plan right? to prove to the world we are legit right? if the plan was to get the price down to a penny they are going about it the right way! LOL!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
You should have offered her something to get out of it..
How about some shares of CSHD....
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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quote:Originally posted by stocktrader22: At least I'm man enough to realize the chances of ever seeing the 6:1 or a share price equivalent to $2-$3 is probably .1%
suck it up guys...rufus played us well
well optimistically...its not over yet till we hear tha verdict
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
When I talked to the SEC people at the Kremlin I came away with the idea that it does'nt have to be the end of Conversion even if the bond issue is not accurate to their pleasing. I asked Alana Black what happens if the amount of ownership of the bond is false as far as CSHD staying in business and she said it's up to them if they want to continue in business or not. Like they are'nt going to put them out of biz. I'm not a lawyer or savvy in a lot of business situations, but that sounds rosy compared to some scenarios that have been run by me. What does everybody think of that?
Posts: 957 | Registered: Jun 2006
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posted
I dunno - I'll be willing to admit I have been played in a few more weeks, but I kinda think the new powers that be are really working on something, and that we aren't gonna see the first hint of it until after the holidays. JMHO. If I had as much here as MA and JA and friends, I WOULD be finding a way to get things rolling again.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by 6digits: When I talked to the SEC people at the Kremlin I came away with the idea that it does'nt have to be the end of Conversion even if the bond issue is not accurate to their pleasing. I askes Alana Black what happens if the amount of ownership of the bond is false aas far as CSHD staying in business and she said it's up to them if they want to continue in business or not. Like they are'nt going to put them out of biz. I'm not a lawyer or savvy in a lot of business situations, but that sounds rosy compared to some scenarios that have been run by me. What does everybody think of that?
they may stay in buisness but unless they issue complete audited financials with CORRECT numbers they will NEVER get off the greys!!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Ya I just talked to Alana Black again. What the sec is seeking is the disgorgement and a fine both of which are yet to be determined. Also no proof has been satisfied yet as to the ownership of any of the bonds and it sounds like they want proof of all of them. Thats what POs me from the stand point of the company that it has to be so difficult to prove the bonds.. Maybe it takes a court order for the SEC to look in the right place. I don't know. I hope it works out. Alana repeated to me that it will be up to the company whether or not they wish to proceed with business as usual or not. When all is said and done.
Posts: 957 | Registered: Jun 2006
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quote:Originally posted by 6digits: Ya I just talked to Alana Black again. What the sec is seeking is the disgorgement and a fine both of which are yet to be determined. Also no proof has been satisfied yet as to the ownership of any of the bonds and it sounds like they want proof of all of them. Thats what POs me from the stand point of the company that it has to be so difficult to prove the bonds.. Maybe it takes a court order for the SEC to look in the right place. I don't know. I hope it works out. Alana repeated to me that it will be up to the company whether or not they wish to proceed with business as usual or not. When all is said and done.
How hard can it be to prove that bonds exist?? Am I missing something here? Either they exist, or they don't. Not looking for bigfoot. What a joke!
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
Ya unless seems to be the case. Just a part of them would work for me. I don't need any false claims. They would'nt pay off so well.
quote:Originally posted by madmoney:
quote:Originally posted by 6digits: When I talked to the SEC people at the Kremlin I came away with the idea that it does'nt have to be the end of Conversion even if the bond issue is not accurate to their pleasing. I askes Alana Black what happens if the amount of ownership of the bond is false aas far as CSHD staying in business and she said it's up to them if they want to continue in business or not. Like they are'nt going to put them out of biz. I'm not a lawyer or savvy in a lot of business situations, but that sounds rosy compared to some scenarios that have been run by me. What does everybody think of that?
they may stay in buisness but unless they issue complete audited financials with CORRECT numbers they will NEVER get off the greys!!!
quote:Originally posted by 6digits: Ya I just talked to Alana Black again. What the sec is seeking is the disgorgement and a fine both of which are yet to be determined. Also no proof has been satisfied yet as to the ownership of any of the bonds and it sounds like they want proof of all of them. Thats what POs me from the stand point of the company that it has to be so difficult to prove the bonds.. Maybe it takes a court order for the SEC to look in the right place. I don't know. I hope it works out. Alana repeated to me that it will be up to the company whether or not they wish to proceed with business as usual or not. When all is said and done.
if they are seeking disgorgement then they must beleive RPH and or the company traded stock into the run up. this gets worse every day!! sub penny is comming soon!!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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