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Re: RonnieD post# 1973

Monday, 07/17/2006 7:34:19 PM

Monday, July 17, 2006 7:34:19 PM

Post# of 169275
RonnieD: I read it as "The Buyer" being CVSU and "The Company" being FHAL. But, to be honest, I'm totally confused.

Per the PR: "The surviving entity will be Conversion Solutions, Inc.; FHAL day to day operation will cease immediately, and the company will operate as CVSU to include the Director and Officers as follows;"
http://biz.yahoo.com/prnews/060712/clw050.html?.v=57

Per the 8K: "The Merger Agreement contemplates that, subject to the terms and conditions of the Merger Agreement, Conversion Solutions, Inc. will be merged with and into FHAL, with FHAL continuing after the merger as the surviving corporation (the "Merger")."
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4270200&doc=1&total=&back=2&...

Is it just me or do others see a conflict there. One says FHAL will be gone and CVSU will survive and other says 180 from that in that in that FHAL will continue on.

That, coupled with the resignation of FHAL's accountants because FHAL directors put out the latest 10Q w/o letting them finish auditing it seem kinda strange.

Anybody here care to straighten me out?

This is hard to follow to say the least, or is it just me?

Thanx,
lns





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