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Why is anyone buying this dog. How can it continue to trade with the last SEC filing over 1 year old? I hope people are not betting on Rufus, after his track record.
May 4 was the last company filing. The turn around group tried to get control of board with a proxy action in May. I assume it failed. I haven't seen a public word from the company since May 4. I am afraid they all ran away.
Is there anything left at STG? I have read that there is no one home and that the lender is selling all of the assets. Also that the Hong Kong lender has taken the overseas subs. Have you heard anything? Is there any chance? What about a bankruptcy - I read that the creditors filed but the company is opposing.
Anything new why so much volume. I haven't been around to see the CSHD story for a while. I see the price is under a penny. Is there anything new with the story - or is the company in the same stage - no business? Is there any reason to buy some shares now. I would appreciate any comments.
What insight do you have? I have been following for some time and would like to invest - especially at the current price of $0.03 - but I don't want to throw money away. What are your thoughts as to why this is even worth $.03 per share. From my research they have no CEO - last one resigned - they have not made their filings. I would like some reason to invest. What have heard that prompted your post.
Is that the confederate money Rufus found burried under the barn?
How low can she go - looks like the market forces are working to properly value CSHD - although based on no business plans no money and alot of litigation this is not even a good shell. I still don't undersatnd why the volume remians above 0.
What's Up - Why so much volume? I just relooked at CSHD after several weeks of being away - seems that the new guy has bailed and the old gang is back - is that correct? I wonder whu the volume is so high - could this be the shorts covering? Is there anything new about a business plan? Is there any reason to invest in CSHD?
I see the price is up is there anything new that would warrant an investors to buy? I would hate to miss another run up in this puppy. I didn't see any new filings except for the recent Form 4 which shows Mike Alexander with over 75,000,000 shares - after his warrant exercise at $.03/share - he is still in the money. Has there been any other new or filings?
Help me understand why anyone would pay $.08 for a company with no net worth and per their own release (1/12/07)no business plan. CSHD has had a consistent trading volume that many microcap listed companies would be thrilled with. Is this the shorts still covering? I would love to invest - but it still seems over priced at $.08 - it seems you would be buying into a public shell with alot of bad history. I would appreciate some insight.
Does the Jan 12 CSHD release confirm failure? They talk about previous management's failure and neglect; and then say their first priority is to pursue funding. Does this confirm that the bonds were all a sham - if not wouldn't they just clean up the bonds.
Conversion Solutions Holdings Corp. Updates Shareholders on Current Events
The proposed move of Conversion Solutions Holdings Corp. (OTCBB: CSHD) office to Lake Dallas has been postponed until further notice. The contact for the company is John Arlitt. Email questions to john.arlitt@cshcorp.us. "The company will continue to move forward and ask for the patience of the shareholders. We are working diligently towards building a profitable company and are assessing various options to moving forward and create shareholder value. Our first priority after having reviewed and assessed the company status from previous management's failure and neglect of their duties is to pursue various funding options to resolve all regulatory issues outstanding and bring the company into compliance with all filing requirements. We understand the need for an update to the shareholders but at this time we can only report that we are moving as expeditiously as possible and will release results as they are achieved," stated John Arlitt.
Dated: January 10, 2006.
Anything New in CSHD that would warrant an investment? I continue to follow but have seen nothing that sheds light on the prospects for CSHD. Has anyone heard about any new public filings or the canceled stockholders meeting. Seems like CSHD has retraced to be at a lower level that the old FHAL.
So are you saying that it is not worth the current $6M market cap and best approsach is to ride it down to a shell value and then watch for a new promoter to take the shell? It will have a wide distribution of stockholders.I wish I had bought at $.2 and sold when he was ov er $2 - perhaps next time.
CSHD Short Position Decreased 82.2%- see Knobias Article Below. At this point with the stock at $.10 - $.13 is there any compelling reason to invest or are we just back at the old point FHAL was at before the new gang got involved. I would appreciate any factual info. Also, I noticed that there has been no new releases from the company - What happened to the stockholders meeting scheduled for Dec 17 that they canceled.
Market News
CSHD
CSHD: Short Interest DN 82.2% to 315.5K in Dec 2006
THURSDAY , DECEMBER 28, 2006 06:00 AM
According to new short interest data from OTCBB.com, short interest for Conversion Solutions Holdings Corp. (OTC: CSHD) DECREASED 82.2% to 315,480 shares for the month ended mid-December, 2006.
SYMBOL NOVEMBER DECEMBER CHANGE %CHANGE DAYS/COVER
CSHD 1,769,408 315,480 -1,453,928 -82.17% 1
Based on CSHD's 20-day average daily share volume of 437,447, it would require approximately 1 day(s) of buying to cover this short interest.
More shares of worthless stock - who cares. The main question is still does CSHD have ownership of the bonds and are the financials as stated in the 10K accurate? If they are accurate then CSHD has alot of net worth and the stock will at some point reflect this. However, if the Bonds are not owned by CSHD then the company has no net worth, no earnings and no assets - therefore it is curretnly overvalued.Perhaps the new CEO can quickly investifgate this and report to the public. I still can not undersatnd why it is so hard to demonstrate ownership of an asset.
Who has the hot potato. I have never seen a company go thru so many quick and complete management changes. The majority shareholders oust Rufus and replace him with Alexander. Alexander jumps ship in less than 2 weeks and gives the hot potato back to Rufus. Then after a so called stockholders committee is established, Rufus if dumped a second time and some new guy from Canada comes in. Does any one have a clue? Could anyone from the stockholders committee give any insight?
SEC did its job - they are protecting the public from being scammed - they cann't help those who already bought. The SEC cann't seize or shut down the company - they can only stop the illegal sale of stock. I have been looking at this opportunity for some time and could never get over the due diligence issues. I still come back to this site to see if there is anything new that could make CSHD a good investment. The main issue is whether the bonds are real - if they are this whole circus should never have happened. Rufus had pleanty of time to show proof of ownership to the SEC - after all how hard should it be to show proof of ownership - I would think it is a no brainer - simply send the documents. Looks like we have the old Front Haul shell smelled up by CSHD - How low can she go.
Can Rufus disclose information to only existing stockholders? I didn't think so. If a stockholder has inside information - info not available to the general public - they they couldn't sell until that info was publicly disclosed. The new website for the shareholder committee says the info will only be given to shareholders that register
Is this the time to buy?? Is there any chnace that CSHD really owns the bonds and has over a $700,000,000 net worth? If so then this stock is a screaming buy. But the still unanswered question is DOES CSHD OWN THE BONDS? I cann't understand why Rufus would let this whole circus happen if he has the documentation and CSHD does own the bonds - you would hope that if they did own the bonds it would be easy to show. Looks like he will be informing his loyal stockholders - I wonder what reason he has for a Stockholders committee - getting ready to file a Chapter 11.
Question of the day - will CSHD retrace to the same price range as FHAL before the CSHD merger? That was in the range of $.11
So you believe the press releases. Do you think they are more accurate than the public filings. Why did they take the unusal action of publicly dumping Rufus and have Alexander coming in to save the day - only to have Alexander RUN AWAY 2 weeks later. What would you expect them to say - ALEXANDER RESIGNS BECAUSE THE SH-T IS TOO DEEP AND SMELLY.
If that is true and Alexander really owns 51% of the CSHD, then why would he quit as CEO and not try to protect his investment. Did he find things that hopeless?
Hot Potato - interesting how Alexander left his new CEO post - like a rat leaving a sinking ship. More interesting since a majority of the stockholders took special action to have him replace Rufus. It must be worse than even Mike expected (if that is possible) - how long was he in as replacement CEO - less than 2 weeks. So I guess Rufus is back at the helm, but has he accepted? This more interesing than a soap.
FORM NT 10-Q Now Filed - Amazing how Alexander could complete such a complicated filing.
NT 10-Q 1 cshdnt10q.htm CSHD FORM 12B-25 09-30-2006
U.S. Securities and Exchange Commission
Washington, D.C. 20549
Form 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 0-13910
--------------------------------------------------------------------------------
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ X ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: September 30, 2006
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: N/A
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: N/A
_____________________________________________________________________________________________________
Part I - Registrant Information
_____________________________________________________________________________________________________
Full Name of Registrant: Conversion Solutions Holdings Corporation
Former Name if Applicable: N/A
Address of Principal Executive Office (Street and Number)
507 Main Street, Suite A, Lake Dallas, Texas 75065
____________________________________________________________________________________________________
Part II - Rules 12b-25(b) and (c)
____________________________________________________________________________________________________
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate).
(a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
--------------------------------------------------------------------------------
_______________________________________________________________________________________
Part III - Narrative
_______________________________________________________________________________________
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB, 20-F, 11-K, 10-Q and N-SAR, or the transition report or portion thereof could not be filed within the prescribed period.
The registrant has experienced delays in receiving certain financial information and was unable without unreasonable effort and expense to prepare its accounting records and schedules in sufficient time to allow its accountants to complete its review of the registrant for its three month period ended September 30, 2006, before the required filing date for its Form 10-QSB.
______________________________________________________________________________________
Part IV - Other Information
______________________________________________________________________________________
(1) Name and telephone number of person to contact in regard to this notification:
Michael D. Alexander 940.321.1075
(2) Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
[ ] Yes [X] No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
EXPLANATION:
N/A
Conversion Solutions Holdings Corporation
(Name of registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Form NT
Date: November 14, 2006
By: /s/Michael A. Alexander
Michael A. Alexander, CEO
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
__________________________________________________________________________________________
Interesting, you believe that CSHD has the proof that they own the Bond(s) and that they decided not to share this with the SEC until the SEC brought them to court and then gave the SEC the evidence; after which the SEC is trying to save face. You believe this is a trap that Rufus and gang planned to trap the SEC. I guess anything is possible, but doesn't this seem rather far fetched. If Rufus has the proof (and in fact CSHD owns the bonds) why didn't he just give it to the SEC and this entire circus would have ben avoided. That would have been the easiest approach as Rufus would have just given them copies of what he had.
I like all of the others looking at this board am looking for a good investment. Luckily, I didn't invest in CSHD earlier at over $3 to see it drop. The reason was that I could not get comfortable with the public info. I am still looking to see if the picture improves.
I can not buy the story that this whole situation is a trap designed by Rufus to get the SEC at the expense of CSHD's shareholders. What possible reason would Rufus have for not giving the SEC the information on the Bonds in response to the SEC's private request?
Proof can often be found from what was written by the Company and what wasn't written. None of us should be seeking the same level of proof that a jury would want for a criminal conviction of fraud, but the proof that a reasonable investor would seek to determine if he should make an investment. I think that any reasonable person would find that the Company's 10K filings are not what one would expect from a company with such a purported large net worth. Also, the SEC has simply asked for documentation to support CSHD's 10K filings - that they owned the Bonds. This should be very straight forward - they produce the evidence of their ownership - and they have had over a mnonth to complete this. Any reasonable investor would draw the conclusion that CSHD doesn't have such documentation and therefore PROBABLY doesn't own the bonds. Also, it is interesting that the controlling stockholders replaced Rufus - that would seem to indicate that they also have no confidence in his public representations. If the information in the 10K was accurate, CSHD would have no problem in obtaining additional cash so that they had adequate lawyers and accountants to have averted this situation.
Due Diligence is usually best started by reading the company's public filings. It is interesting (per the 10K) that CSHD has a huge net worth but a going concern statement was included by the accountant. It is also interesting that the first 10K filing didn't include the accountant's opinion letter. The final opinion letter doesn't include the going concern statement which statement is only in the footnotes - this is very unusual. These items in themselves should give the reader a stong whiff that something is wrong.
This followed by CSHD's inability, over a period of a month, to give the SEC evidence that they owned the bonds is the icing on the cake. - THIS IS A TOTAL FRAUD AND THEREFORE YOU CAN NOT RELY ON ANY INFORMATION FROM THE FRAUDSTERS.
Perhaps you might believe the following - everything that CSHD said is true, and Rufus is happy to see the stock tank so he can buy back the shares on the cheap.
What I cann't understand is how anyone can pay $.50/share on the gray sheets for a security that the SEC has brought action against.
Valuation Reset - With the replacement of Rufus and the other BODs with Mike Alexander, we have a clear message from the controlling stockholders who took this drastic action that none of what Rufus said and represented was true. Therefore, we are back to the same place before the merger - which was a company with little cash left that was still losing money and was so unsure of its future it jumped at the chance to do a deal with Rufus. The valuation should be no more than the +-$.10 it was before the merger and should probably be less as the company now has to deal with an SEC action and is no longer of the BB, but on the gray sheets. WHY WOULD ANYONE PAY $.60 OR MORE PER SHARE? ARE THESE REAL TRADES OR A FURTHER FRAUD BY THE PUMPERS? ARE THEY SELLING TO THEMSELVES TO TRY AND CREATE A MARKET THAT IS NOT REAL. ANYONE WHO WOULD PAY $.60/SHARE FOR THIS COMPANY BASED ON EXISTING INFORMATION NEEDS TO HAVE HIS/HER THOUGHT PROCESS REVIEWED.THIS IS NOT AVERAGING DOWN, BUT PUTTING GOOD MONEY AFTER BAD.
WHAT IS GOIG ON - Is Mike Alexnader coming back in to take the lead? Are we back to the old Furia (Front Haul) business plan? I was away from CSHD for several days and was coming back to see if it would start to trade again and if so at what price it would be a BUY. I would appreciate any input from this Board.
REVISITING THIS SITE IS INTERESTING. AT THIS POINT I DO NOT SEE HOW ANYONE CAN FIND FAULT WITH OUR STREET - THEY HIT IT ON THE HEAD AND THEIR SITE KEPT ME FROM INVESTING AND PROBABLY LOSING MONEY ON CSHD. I AM SURPRISED AT THE LACK OF INFORMATION FROM RUFUS - HE ISSUED ALOT OF INFORMATIONAL RELEASES BEFORE THE SEC CLOSED HIM DOWN. I ALSO CAN NOT UNDERSATND WHY HE DIDN'T SUPPLY THE INFO TO THE SEC - SEEMS LIKE A NO BRAINER - UNLESS THIS IS A COMPLETE FRAUD. BIG QUESTION REMAINS - WILL CSHD REOPEN AND IF SO IS THERE ANY REASON TO INVEST?
SEC Wins Round 1. This should be easy for them, becuase there probably aren't any documents.Rufus will probably take out some old confederate money his grand daddy had saved in a soup can and tender that to the Judge as proof of the Bonds. Or Perhaps he will use his computer/printer to make his own set of Bonds. Perhaps he will even form a new country and issue Bonds on their behalf. I am sure that the stockholders of CSHD have no worry - RUFUS to the rescue.
Suspense - its finally great that none of the BS said here can impact the price of the stock - since trading was suspended. By Nov 6 either (A)the SEC will admit that they totally screwed up (probably unlikely)and the shares will resume trading on the BB or (B) The TRO will be granted and the stock will not trade on any accesssible exchange. Now is the chance for any true believer in CSHD to try an arrange to buy shares at a deep discount. Shares can still exchange hands thru private transactions. Why don't I see any posts from the followers of Rufus offering to buy shares?
SEC is protecting new investors - they cann't help the existing shareholders.
Hey - all you pumpers - where is the press release updating all shareholders that Rufus has issued in the past? Why hasn't he spoken giving his divine guidance, advising how everything is still golden and reaffirming the reset point? You guys all sound like a bunch of fools. I am glad that I followed my rule - if the info doesn't pass Due Diligence then don't invest - and didn't waste my money on CSHD after all Vegas is much more fun with a better chance of winning.
As to the TRO - Temporary restraining order - this doesn't mean that Rufus is guilty or innocent - it simply means that the SEC would have shown a clear and convincing argurment that they are likely to prevail and that a TRO should be issued. If CSHD really owned these bonds, then Rufus would have been in court and presented evidence - he would have shown it to the SEC when they asked and avoided all of this harm to the stockholders of CSHD - but that would have shortened his time to work in conjuction with the pumpers (fraudsters) to onload shares and make a fortune - have no doubt that he is working with the sellers and infact may be indirectly shorting himself.
Experience - I have gained that by watching this Board. Due Diligence should be a basic element of any investment. I saw CSHD as an interesting opportunity but could not get any REAL information. Every time I asked on this board the SO CALLED supporters called me a basher.TALK ABOUT A WOLF IN SHEEP'S CLOTHING - I would not be surprised if the so called supports were really the shorts - they needed somebody to buy the stock.A simple reading of the original 10K was a laugh - no accountant's letter. Then with the amendment - insert the accountant's letter with no going concern statement even though there is a going concern statement in the foot notes.With all of the so called assets and income why is there a going concern statement - per the 10K CSHD is more solvent that most companies. It wouldn't take a rocket scientist at the SEC to quickly read these and be overcome with SMELL. To all of you CSHD holders - get a class action suit going quickly and try and freeze all of the promoiters assets - otherwise - easy come easy go.
CSHD Posts $284K loss for 3/31/06 quarter. Below is the unaudited P&L of CSHD that was part of the 8K merger filing with Furia. How can a company with almost $1 BILLION in assets have no income?
CONVERSION SOLUTIONS, INC.
(A Development Stage Company)
Statement of Operations
January 1, 2006 through March 31, 2006
Ordinary Income:
Income (loss) $0
Other Income $ 0
Total Income $ 0
Expenses:
Automobile $ 4,486
Bank Service Charges $ 1,413
Building Repairs $ 8,479
Communications $ 1,534
Contributions $ 445
Payroll Expenses $ 177,883
Postage & Delivery $ 549
Professional Fees:
Legal Fees $ 5,000
Total Professional fees
Rent $ 18,500
Telephone $ 8,975
Travel & Entertainment $ 19,576
Other Expenses $ 21,409
Contractual $ 14,238
Supplies $ 1,296
Total Expenses $ 284,019
Net Income (loss) ($ 284,019)
Loss per common Share $ 0.01)
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This is scammers heaven. I have tried to get SEC filed DD on CSHD, and all I can find is under Furia - Front Haul. But I have had fun reading alot of fiction on this board. It is easy to reset a stock's price. Do a reverse split. With all of the shares outstanding in CSHD you could do a 20 to 1 reverse split and still have over 5 million shares outstanding, and immediately after the reverse split the stock price would increase by a multiple of 20 - Most reverse splits are by troubled companies trying to game their share price - a reverse split is not a positive move.BTW - has anyone seen how many shares are outstanding - post merger between FHAL and CSHD?
What I cann't understand is the lack of SEC filed financial info this long after the merger for a company that is supposed to have alomst $1 Billion is assets. You would think they would already had financial info prepared by their independent account and have filed it weeks ago. In fact I am surprised that something more wasn't filed with the 8K disclosing the merger. From what I have seen CSHD has never filed anything with the SEC, except a Reg D. BTW - you can get a symbol change with a simple application - no filing info is requred.Getting a symbol change indicates nothing except that the oldname was tarnished and that is usually not a good sign.
You guys can continue playing with yourselves - I hope only the scammers get burned.
Petermic - thanks - first good lead that I have gotten from this board. You are right - there is alot of posts here - most are hot air - not much meat.
Fhal or Die Trying - sorry I didn't respond sooner. I am not a Basher, but a potential buyer. I wish I bought at $.20 and was able to sell above $1 - but such is life. As my name implies - I like to buy based on SOME research. I was very surprised to find, that I couldn't find any SEC filings that are helpful. The reason I came to this board was to get some help. In fact, one answer showed me that the FY is June and a 10Q is not due 8/15 but that the next required filing is Sept 30 with a 10K. That said, is there any publicly filed (SEC) info that deals with the New Company - obviosuly none of us has an interest in the old Front Haul which was losing money and just about broke ( See the 10Q for March 31 filed under Furia).
SO CAN ANYONE HELP ME AND POINT ME TO PUBLICLY FILED INFOMATION? If there isn't any, then based on my practice I will wait - I enjoy Vegas more than buying without any info.
I thought that Conversion Solutions traded on the pink sheets before the merger. Also, there is a public company with an SEC file (you can review thru EDGAR)named Conversion Solutions. This Company filed a Reg D in 2005, and no other filings. Are they the same companies?