Conversion Solutions Holdings (fka CSHD)

[thehavenots]

hahahahha


BTW: is the NY Post article considered bashing? Are we going to get a late night brandy PR from the big H?

The world of penny stocks rarely fails to astound.

While tall promises and diminutive delivery are hardly anything new, a Georgia company called Conversions Solutions Inc. may well take the prize in this arena.

Conversion Solutions, which claims to be in many businesses, including asset- finance, has a chief executive named Rufus Paul Harris who makes Over stock's Patrick Byrne seem soft-spoken by comparison.

Last week, Harris - who has prom ised that shares, trading at near a buck, could soon be worth $15 - was touting that the company had access to more than $500 million in capital from a se cretive Atlanta-based group called the Humanitarian & Scientific World Foundation, reports The Post's Roddy Boyd.

Why the investment? Because Conversion Solutions approached the group with a United Nations- backed plan by which "many lives will be saved," according to Ste phen Canaday, a trustee at the Humanitarian & Scientific World Foundation.

No more information could be divulged "due to matters of na tional security," Canaday said.

StockLemon, a research Web site run by a short-seller, quotes Harris as promising, "Our target range for three months' trading was in excess of $100 a share."

Also, he pledged "a billion dollars in profits over the next 10 years" - an astonishing claim given that Conversion Solutions lost $758,000 on $143,000 in revenue for the quarter ended in March, according to SEC filings.

Harris issued a press release Friday saying the company had signed a funding agreement with Humanitarian & Scientific World Foundation that provides it with access to a $579 million note guaranteed by Lehman Brothers.

Conversion Solutions' Harris and several other company executives did not respond to requests for comment.