KENNESAW, Ga., Aug 18, 2006 /PRNewswire-FirstCall via COMTEX/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation announces that during the 10-K filing process the following current events have taken place. CSHD would like to announce the signing of a Global Funding Agreement with the Humanitarian & Scientific World Foundation, LTD a Georgia LTD Foundation. The Foundation's Co-Operators are Adnan Sakli FD# 8216 and 8217, Craig M. Cason and Steven Canady.
The funding agreement brings a 450 Million Euro ($579,149,833 USD converted) denominated Note on Lehman Brothers Holdings PLC with a 6 1/8% coupon to CSHD's Asset Back Management facility. (The MTN holds an S&P, Fitch, and Composite A+ rating with a Moody's A1 rating).
The bond is loaded in the systems with the following codes:
Lehman Brothers Holdings PLC 6 1/8 A+
Common Code: 010924251
ISIN: XS0109242510
BB Number: EC2377199 "With the addition of this Asset to the corporation, we are now looking at a new justifiable reorganization release price of $25.63, up $10.63 from the original estimated $15.00 per share ($12.81 Book X 2). The exact number will be disclosed in the SEC filings," stated Rufus Paul Harris, CEO.
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 http://www.cvsu.us.
SOURCE Conversion Solutions Holdings Corp
CONTACT: Rufus Paul Harris Conversion Solutions Holdings Corp, Harris*cvsu.us, +1-770-420-8270
posted
To late for indepth DD but here is a link to the website of the Lehman... http://www.lehman.com/ Come on Green Gapper!!! (24 freakin dolla gapper)!!!
-------------------- learnin as I go. Posts: 582 | From: Iowa, Michigan, North Carolina, Israel | Registered: Jul 2006
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posted
Btw, for what it's worth Quezda and Knapp, Jerry registered shares with CSHD... It popped up on my market news for CSHD on my Etrade Pro platform. Night
-------------------- learnin as I go. Posts: 582 | From: Iowa, Michigan, North Carolina, Israel | Registered: Jul 2006
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posted
Honestly I don't know what to believe from Rufus anymore, could be complete BS. All I know is that hype brought the stock to $1.65 and this is more hype news for me. I'll ride this hype for whatever extra .60 cents its worth.
I'm in!!!!
-------------------- Rule 1: Always Protect Your Capital Rule 2: Earn slow, Don't lose fast Posts: 457 | From: Miami, Florida | Registered: May 2006
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posted
Now things are really getting interesting. I'd love to see the look on the faces of those who are shorting NOW!
Posts: 2498 | Registered: Mar 2006
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quote:Originally posted by stocktrader22: WOW Rufus gives us specific details on the bond....
then goes on to say the reorganization price will now be $25
This is ridicolous, and unheard of!
Please please let this happen
I'm only 20, and would love 35k in my pocket.
Well he said "justifiable" price reset, said the actual price will be disclosed in the SEC filing...
Remember... Rufus said that $15 was a steal in his opinion, AND that he had juicy deals on the table that would help support his $15 a share claim. I see this as supporting the $15 share price and not so much as a new IPO price.
Rufus is making sure his stock stays at $15 people!!! -or goes HIGHER.
posted
wow, would be nice if this is immediately followed by that 10K .. don't really know what to think anymore.. but i do need that cash quickly.. wish they'd hurry up more or draft us what they got thus far.. i wouldn't mind
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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posted
I think we are going to be hearing it from some people, about the names on that PR. I think mainly Adnan Sakli will be the one scrutinized the most.
posted
looks like a gapper this morning. trades posted already. this should run this am but how far and how long? probably another good flipper today !
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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posted
this thing is like a blind date tell them what they want to hear and take what you want.BS LOL
Posts: 1510 | Registered: May 2006
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Im kinda hoping that this is why the 10k was delayed. NOWWWWWW can we release it? Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
Rufus has stated all along that there will be PR's released that will help support the PPS once the reset occurs, I smell the 10k, just can't see it...
Posts: 559 | From: MN | Registered: Apr 2006
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posted
I'm showing 3 trades already this morning. 5000 for .71 2500 for .76 2500 for .80
Things are looking good. I can't believe we got so low yesterday. I was going to sell some at .50 (not mine, but my buddy who is on vacation and left me his plan for his account).
Make that 4 trades another 5000 for .80
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
personally i believe there have been too much misinformation with this stock and i will not hold this any longer than i have to to flip it. if it pans out for you guys, please give me a ride in your new ferrari. gas and lunch are on me !! good luck trading today !
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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posted
Im trying to get a few shares today to "play with". Im always too afraid to flip my original purchased shares but "new" shares are like play money. However, looking at how things are ramping up i would have to chase! Fill my order before takeoff!!
Posts: 2308 | From: Michigan | Registered: Jun 2006
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