Conversion Solutions Holdings (fka CSHD)

[schadenfreude]

Are you saying Rufus is a liar? He has repeatedly and unambiguously stated that these bonds flow straight through to stockholders equity--that is, a $580 million bond adds $580 million of book value. This is the whole premise for the reset. If what you're saying is true (and I don't believe it is), the company's book value per share is nowhere close to $7, $12, $25 or whatever the fantasy number of the day is.

You say CSHD will be receiving $125 million annually from the bonds. What exactly are they giving up in return? Please be specific.

I will not go away. If you choose to ignore me, that's your business until the truth about this company is reflected in the stock price.

Note to irockupet:

Shade, duh. So you think that a Holdings Corporation, holding $0 in assets is as valuable as a Holdings Corporation with $1.5bn?

That depends. A corporation with $1.5 billion in assets and $3 billion in debt may very well be worth less than a company with $0 assets.