Conversion Solutions Holdings (fka CSHD)

[thehavenots]

Thehavenots: Ask how the trust works in relation to the assets and if a DECLARATION OF IRREVOCABLE TRUST is common with a publicly traded company.

Wall Street Dude: hold on
Wall Street Dude: i see your query
Wall Street Dude: i need to read again
Wall Street Dude: ok... a 'declaration of irrevocable trust' is in fact common... it just like if you you were to give me a million dollars to invest how i saw fit. i in return give you something for that. in CVSU's case it is the stock.... (hold on, i will cite it)...

Thehavenots: finish the trust question
Thehavenots: that guy is nicer
Wall Street Dude: i'm working on it...hold on this is going to take a few minutes
Wall Street Dude: i know its in here.
Wall Street Dude: Except as provided below, upon the tender to and acceptance by Conversion Solutions, Inc. of this Agreement (or portion thereof) securing the Notes as to which the Survivor's Option has been exercised, Conversion Solutions, Inc. shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor's Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor's Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Conversion Solutions, Inc. shall not be obligated to repa
Wall Street Dude:
more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Conversion Solutions, Inc. Core Notes program as of the end of the most recent calendar year;


O
more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Conversion Solutions, Inc. Core Notes program as to which the Survivor's Option has been exercised on behalf of any single beneficial owner in any calendar year; or


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more than 50% of the Deposit under this Agreement which secures the related Notes, as of the later of the end of the most recent calendar year.


Wall Street Dude: stock dude
Wall Street Dude: how is someone going to pay for the receipt of a 1/2 Billion dollar bond, when they only have to as said in the agreement pay for 250,000 dollars of it.
Wall Street Dude: i'll tell you, STOCK.
Wall Street Dude: ROFL
Wall Street Dude: but i'm not done yet.. hold on...
Wall Street Dude: the holder of any such Notes, after giving effect to such withholding or deduction, whether or not currently payable, will equal the amount that would have been received under this Agreement or any such Notes were no such deduction or withholding required, provided that Conversion Solutions, Inc. shall not be required to make any payment of any Additional Amount for or on account of (i) any tax, duty, levy, assessment or other governmental charge imposed which would not have been imposed but for the Agreement Holder or beneficial owner (as determined for U.S. federal income tax purposes) of this Agreement or the holder or beneficial owner of any such Notes ("Noteholder") (a) having any present or former connection with the United States, including, without limitation, being or having been
Thehavenots: are you done
Wall Street Dude: not really... but yeah... my eyes were two inches from the screen
Wall Street Dude: this is actually pretty easy
Wall Street Dude: short the bonds to the foundation, pledge the bonds to CVSU, CVSU borrows on them, and defaults, pay everyone a bunch of stock, and everyone is happy.
Wall Street Dude: same thing with BBAN
Wall Street Dude: its all about the paper, and flower lady who wants to sue us is paying for it.
Wall Street Dude: i wonder how much the lawyer is getting paid, he should be ashamed of himself.