Conversion Solutions Holdings (fka CSHD)

[lesnshawn]

Out-Street: You are correct there, the SEC doesn't grant the OTC:BB symbols, the NASD does. BUT, I do think though that since the NEWLY MERGED company IS NOT FHAL anymore but rather a whole new entity, CSHD, with an entirely new set of financial numbers tied to it, that the SEC would require an Form 10 which reflects those new financial numbers.

It is of my opinion that the Form 10 which was supplied to the SEC is where Yahoo! Finance got the new numbers on CSHD over this past weekend.

http://finance.yahoo.com/q/is?s=cshd.ob

The only thing missing from that Form 10, IMO, was the last quarter of numbers. That will be shown on the full, AUDITED, 10K.

But, if my eye's don't deceive me, I DO BELIEVE that the REQUIRED FORM 10 that is necessary to be FILED w/ the SEC for the NASD to APPROVE and thereafter GRANT a REQUESTED OTC:BB symbol (drum roll please...) IS AN AUDITED FORM!

Read "ITEM 13" of FORM 10:

http://www.sec.gov/about/forms/form10.pdf

Then read the "Definition of Terms Used in "Regulation S-X" (17 CRF Part 210). Pay particular close attention to the following definitions: (a) Accountants Report (all parts 1-3) and (d) Audit (or examination)

http://www.sec.gov/about/forms/regs-x.pdf

For further info on this, here is the link to the "Regulation S-K" form, which is mentioned in "Item 13" of FORM 10: http://www.sec.gov/about/forms/regs-k.pdf

THEREFORE, I MUST CONCLUDE, based on my quick scan analysis (which I request others to verify if/when they have time - I'm at work) that you are incorrect in your assumption of grant of an OTC:BB symbol, by your previous statement(s): "However, the NASD would..(have granted RPH a symbol based upon his word on anything) the process is simply an application.. nothing more. I know companies that have simply changed their name and symbol because they wanted to. No problem."

Quite the contrary...it is more than just a mere "application" but rather the OFFICIAL REGISTRATION STATEMENT of a company seeking an OTC:BB listing and symbol which INCLUDES AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA!

You sure do have a lot of, "if's, and's, but's" in your statements, always leading to the "impending doom", don't you, Out-Street?

Again, time will tell. So far, it all looks on track. IMO, the FINANCIALS HAVE BEEN AUDITED and a formal 10K will shortly commence!

Prove me wrong, please. I'm waiting and will own up to any error in my judgement here base on my "quick scan" analysis.

Are you patient, Out-Street? I am.

lns

"What are the initial financial requirements for listing on the OTCBB?
There are no initial asset or income requirements for listing on the OTCBB. However, the issuer must have up-to-date financial statements that are audited by a certified public accountant. Additionally, the company must have a shareholder base and provide financial disclosure requirements to the NASD and SEC (See below).

How does a company become listed for stock price quotation on the OTCBB?
The OTCBB currently provides access to more than 6,500 securities and has approximately 400 participating market makers. The company must make application for listing on the OTCBB through a registered NASD market maker. This application is made on a disclosure document commonly referred to as a Form 211. The NASD reviews for accuracy the Form 211; and, once it is approved, the company securities are cleared for quotation on the OTCBB. We at GoPublicToday.com help companies become listed on the OTCBB. We are a corporate consulting firm specializing in micro cap companies. We provide these services to companies at a fee substantially lower than most law firms.

It is important to note that as of January 4, 1999, the U.S. Securities and Exchange Commission ("SEC") approved the "OTCBB Eligibility Rule". This rule now requires all securities not yet quoted on the OTCBB to report their current financial information to the SEC or other appropriate regulatory authority in order to meet the eligibility requirements for listing on the OTCBB. To meet these new eligibility requirements, most domestic corporations simply have to file what is known as a Form 10 with the SEC pursuant to the Securities Exchange Act of 1934, as amended. Once the SEC has approved the Form 10, the company is considered to be a "Fully Reporting" company. The Form 10 is a basic financial disclosure document which is disseminated to the public. Additionally, those companies already listed on the OTCBB that are not "Fully SEC Reporting" have been given a phase in period with which to comply with the new SEC reporting requirements or they will be delisted. The new eligibility requirements were designed to make the OTCBB a stronger and cleaner securities listing service for micro-cap issuers."

http://www.gopublictoday.com/services/services-otcbb2.php