Conversion Solutions Holdings (fka CSHD)

[Vitamin DD]

Carnahan's Office Orders Canady Holdings, Inc. to Stop Ponzi Scheme

Jefferson City, Missouri -- Secretary of State Robin Carnahan's Commissioner of Securities Matt Kitzi recently ordered Canady Holdings, Inc. and its agents to stop fraudulently selling unregistered, nonexempt securities in Missouri.

After an investigation, the Securities Division concluded that, in 2005 through its Kansas City and Chicago agents, Canady Holdings convinced two Missouri residents to invest over $18,000. The agents allegedly promised the investors that Canady Holdings - A GEORGIA BASED BUSINESS - would use the money to trade foreign currencies. Canady Holdings' agents also allegedly promised the Missouri residents that they would receive a 1000% return in 30 days.

However, the Order asserts that instead of sending the investors their full profits, the Canady Holdings' agents convinced the investors to reinvest the profits, which were significantly less than promised, for another 30 days.

At the time of the Commissioner's Order and over one year after the re-investment, the Division states that neither Canady Holdings nor the agents had returned to the investors the full amount of their original or reinvested principal, or the promised returns.

Canady Holdings and its agents, Jacqueline Boykin of Chicago, Illinois; Julie M. Teng of Kansas City, Missouri; and Laurence Young of Grandview, Missouri, are all charged in the Order with selling unregistered securities and unlawfully operating as agents in Missouri.

Canady Holdings, Boykin and Teng are also charged with securities fraud rising from a failure to state necessary facts. In addition, Canady Holdings and Young are charged with securities fraud stemming from a course of business that operated a fraud or deceit upon an investor.

The alleged activities of Canady Holdings and its agents indicate characteristics of a Ponzi scheme, an investment scam included in Carnahan's list of Top 10 Threats to Investors for 2006, which involves "robbing one person to pay another." In these schemes, initial investors are paid off with money taken from new investors. As long as a steady flow of new investors keeps coming in, there will be money to pay off the old investors. However, when new investors stop coming in, the scheme collapses, investors lose their money and the fraudsters walk away rich.

"Anytime investors are promised unrealistic, high returns, they should be wary," said Carnahan. "I encourage investors to protect themselves from these types of scams by contacting the Securities Division to get as much information as possible before they invest their hard-earned money."

For more information regarding investments and fraud protection, or for information regarding a company or representative, visit the Secretary of State's web site at www.sos.mo.gov/securities or call the toll-free investor hotline at 1-800-721-7996.

http://www.sos.mo.gov/securities/news.asp?nID=534
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"Teng knew Steven O. Canady (“Canady”) as Canady Holdings’ “trader.” Canady is the president and chief executive officer of Canady Holdings. (Canady has a last known business address of 1170 Peachtree Street N.E., Suite 1200, Atlanta, Georgia 30309.)"

(Point # 37-b from this link):

http://www.sos.mo.gov/securities/orders/AP-06-16.asp
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Also note in today's PR, again none of the terms of the alleged financing are known. That makes two financing 'deals' that none of the costs, obligations or terms are known.

As I had posted earlier this month and reminded you of this morning, my fear was that no clear answers will be given, rather only greater outlandish and unfounded promises. He's making me look like a guru and came through with flying colors today by doubling the book value of CSHD in his own mind and put it in a PR.

So now the price is going to be reset at $25????
The market really believes you Mr. Harris.
Last Bid/Ask - .99/1.005

Mr. Harris I think you are shooting too low in these PR's. It is clear what you have already done and what you're planning to do. Here's your next move: State your next financing deal comes from an agreement with the World Bank in a deal worth 5 Billion Dollars, then make the claim again that this will reset your book value to $275 per share.

Following that, by mid October you should take out a full page ad announcing your intentions to change history as the first company to be added as the 31st stock to the DOW.

Congratulations on the over 10+ million shares you issued between the time of your interview in mid-July and 8-8-06. The calls I have made to the TA this week have gone unanswered or messages unreturned. Good job there too. Most of all, thanks for not answering any of the questions that were part of my earlier posts which were all fact base. That is a great trait to have in the small market.

Greatly looking forward to the PR's of the future Mr. Harris. I'm sure they will be even more 'impressive'.

Vitamin DD