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Conversion Solutions Holdings Corp Updates Shareholders
Friday August 18, 1:14 am ET
KENNESAW, Ga., Aug. 18 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), 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.
what is the quality on a BB bond for sovereign debt?
does he have a wife and kids?
If it's a scam, when and how is Rufus planning on leaving the country?
Ben's mailbox is full, I just called him, no answer, you are just making up stories
no scam, but Mr. Harris not getting back to the princess is out of character
that's not Ben's number, that's Rufus's, what's Ben's number please?
The moderators are pretty bullish on this stock in fact. They think her comments are not relevant to the DD of this company....
There is some suspicious behavior mentioned, but it is inconclusive in terms of this reverse merger.
10k! 10k! 10k! 10k! 10k! .........
cheap shares!!! yummie! I can't wait until the morning
geeeze, rub it in, why don't you
merger is not done DTC has to finish
first people are calling this rebel banker guy a juvenile because he made a typo, and now people think he's Rufus. what a strange board....
are investment bankers the only people who are not allowed to make typo's? I have seen Mr. Harris make a few. But, I guess beware of anyone who signed up out of no where and butts in like that.
good point, what do think is this guy's deal???
the liason is for someone to compile and update Rufus with investor concerns in an organized manner, and to schedule meetings, or relate ideas, so that Rufus is not overwhelmed or annoyed. I am well aware of REG FD, and it's applications.
did you see this? the story gets weirder everyday
http://www.investorshub.com/boards/read_msg.asp?message_id=12687478
I don't think tradeability is the issue, I think Rufus wants all the shares counted and certified, so that he can merge with CVSU shares. CVSU stockholder still need to stranfer over in the closing of the deal.. I think it will take a few more days.
on no volume. to scare you and create a sell-off. probably some new big buyers hanging around now that the cat is out of the bag. I wouldn't be surprised if someone else will try to buy out the remaining float, maybe an institutional investor with MM connections..... just a thought.
what about deliver of the real certs. I wouldn't worry, price will be back at a dollar tomorrow. What's few days?
MM tricks that's all
I think the SEC has had the filings... and they will be released when the DTC finishes sorting out the stock.... my guess would be in the next few days....
He needs to fullfill his words soon..... delay has been from the DTC and other old FHAL things to iron out.....
it's legally not complete, and that's the only type of complete that matters.... pps... etc.....
It will go back to a dollar with or without a PR
merger is not complete, what are you talking about? merger is complete when SEC documents are publicly filed and CVSU shareholder's get their CSHD stock... don't forget....
sometimes they say longer than it will be. Schwab told me it would be two weeks yesterday and I got the stock today. My guess is that not only will stock be back up at a dollar within 20 minutes of trading tomorrow morning, without a PR, but that most or all the shares should be delivered tomorrow, and we should have a PR tomorrow or thursday, the SEC filings will come out and the deal will be done within a few days like I'm saying. I'm just using logic here, but mark this post, maybe thehavenots' logic will become reality...... this seems like the most realistic future, wouldn't you agree?
this is why I think the deal will be done in the next few days... I think they finish counting the shares and that's it... the SEC filings have to come out.....
on that note, I think this deal will be closed in the next few days.... it's just a feeling.....
September 7, is the last day for the 10k according to the Merger agreement
Is Mr. Harris still watching?
nice end of the day plunge on no volume, well we've seen that before...
onward and upwards.....
so what date does that give us?
you mean in the merger document?
market doesn't know how to read this...... doesn't mean it isn't real...... when solid facts are revealed, these prices will no longer be available.....
yes, I understand, it seems like a lot of shares were released today but still may take longer for the official count....
we waited longer than RPH's original plan, for the proof in this pudding, it would be nice to see him put his foot down now and deliver....