Conversion Solutions Holdings (fka CSHD)

[Penny Stock Trader]

Worst Case Scenario BV = $1.09 / Share

Assumptions:
(1) Only CVSU shareholders can cash out at $15.00 / share
(2) All CVSU shareholders cash out
(3) All CVSU shares canceled when cashed out

Known Data:

Current Book Value
CVSU - $803,149,146
FHAL - (1,826,667)
Combined - $801,322,479

Current OS
CVSU - 48,898,637
FHAL - 62,157,721
Combined - 111,056,358

Calculations:
48,898,637 CVSU shares @ $15.00 = $733,479,555
Remaining Book Value: $801,322,479 - $733,479,555 = $67,842,924
Only FHAL shares remain: $67,842,924 / 62,157,721 = $1.09*

* This relates only to book value and does not consider the value of future income.

Someone please double-check my numbers to verify accuracy.