TallRob, I think you're exactly right to the tune of $3 Billion.... They even mentioned it in their PR of 5/29/06:
5/29/06 Conversion Solutions announces Funds Management Agreement with Emiro Holdings Corporation.
KENNESAW, Ga., May 29, 2006/ -- Conversion Solutions, Inc. (OTC: CVSU) announces that during the SB-2 filing process the following current events have taken place.
CVSU would like to announce the signing of a Joint Venture and Funds Management agreement with Emiro Holdings Corporation, a Canadian Corporation. This agreement brings the ability and use of credit derivatives such as a credit default swap or total return swap allowing the corporation to tender its assets for securitization.
Emiro Holdings Corporation will manage all European Funds for CVSU and facilitate the relationships that CVSU will need for large market debentures. The term of this Agreement shall be five (5) years, with mutually agreeable renewals up to another five (5) years.
Under the contract CVSU will receive $20,000,000 in initial capital.
“We have also received an offer for an additional 3 billion in Global and Euro Bonds from the Caracas Group and the Board is currently making the necessary arrangement for receipt and securitization.” stated CEO Rufus Paul Harris
