Conversion Solutions Holdings (fka CSHD)

[bluediamonds]

Dean: Here is that PR. But as we all know much more have been added since as the other PRs below note.

FWIW:

CHSD PR: $579,149,833 USD MORE FOR $12.81 BOOK VALUE & a new justifiable reorganization release price of $25.63

(COMTEX) B: Conversion Solutions Holdings Corp Updates Shareholders ( PR N
wswire )
B: Conversion Solutions Holdings Corp Updates Shareholders ( PR Newswire )

KENNESAW, Ga., Aug 18, 2006 /PRNewswire-FirstCall via COMTEX/ --
Conversion Solutions
Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation announces
that during the 10-K filing process the following current events have taken
place.

CSHD would like to announce the signing of a Global Funding Agreement with
the Humanitarian & Scientific World Foundation, LTD a Georgia LTD Foundation.
The Foundation's Co-Operators are Adnan Sakli FD# 8216 and 8217, Craig M.
Cason and Steven Canady.

The funding agreement brings a 450 Million Euro ($579,149,833 USD
converted) denominated Note on Lehman Brothers Holdings PLC with a 6 1/8%
coupon to CSHD's Asset Back Management facility. (The MTN holds an S&P, Fitch,
and Composite A+ rating with a Moody's A1 rating).

The bond is loaded in the systems with the following codes:

Lehman Brothers Holdings PLC 6 1/8 A+

Common Code: 010924251

ISIN: XS0109242510

BB Number: EC2377199

"With the addition of this Asset to the corporation, we are now looking at
a new justifiable reorganization release price of $25.63, up $10.63 from the
original estimated $15.00 per share ($12.81 Book X 2). The exact number will
be disclosed in the SEC filings," stated Rufus Paul Harris, CEO.

About Conversion Solutions Holdings Corp

CSHD is a diversified holdings corporation, which was formed to originate,
fund and source funding for asset-based transactions in the private market.
CSHD's main service will be to acquire, fund and provide insurance to target
companies in the currently underserved $15,000,000 to $100,000,000 asset
finance market. Our funding will enable our businesses to compete more
effectively, improve operations and increase value. CSHD is headquartered in
Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us
at http://www.cvsu.us.

SOURCE Conversion Solutions Holdings Corp
Rufus Paul Harris Conversion Solutions Holdings Corp, [e-mail],
[phone]
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
*** end of story ***

FWIW:

CSHD - NEW 8K - $2.6 BILLION IN ASSETS!
http://www.hotstockmarket.com/forums/showthread.php?t=41487&highlight=cshd

FWIW:

Today, 03:22 PM #1
rwscott01
HSM Addict

Join Date: Nov 2005
Location: Wyoming, MI
Posts: 1,045
CSHD - 8K - $2.6 BILLION IN ASSETS!

--------------------------------------------------------------------------------

LINK TO THE MASSIVE 8K
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4351172


LINK TO PREVIOUS THREAD:
http://www.hotstockmarket.com/forums...ad.php?t=41426

OTHER PR'S

RUFUS' AWARD
http://biz.yahoo.com/prnews/060820/nysu008.html?.v=71

UPDATES:

http://biz.yahoo.com/prnews/060818/nyf016.html?.v=66

http://biz.yahoo.com/prnews/060808/cltu063.html?.v=51


QUICK RUNDOWN

.3B UCC Note
.5B Venz Bond
.576 Lehman Bond
.959 Finland Bond
----------------------------
2.3B CSHD Assets......!!!!!!!!!!!!!!!!!!!

http://www.hotstockmarket.com/forums/showthread.php?t=41487&highlight=cshd

----------------------------

CSHD 8-K: NEW BOND AT $962M (approximately)

FWIW:

FROM the NEW CSHD 8-K at http://snipurl.com/vd46 or http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4351172

Today, 05:10 PM #2456
Snivvle
HSM Addict

Join Date: Mar 2006
Location: Market Makers Desk
Posts: 2,295

Effective August 22, 2006, Conversion Solutions Holdings Corp. and the Humanitarian & Scientific World Foundation, LTD., a Georgia LTD Foundation increased the Deposit under Global Funding Agreement # 252455779-08122006-LBH with the addition of the following Bonds;

Republic of Finland

$749,000,000 Million Euro

THAT IS OVER 1 BILLION U.S. WOO HOO!!!

http://www.hotstockmarket.com/forums/showthread.php?t=41426&page=246

Actually, at the rate listed today at http://www.oanda.com the new bond "only" adds about 962,127,950 US Dollar (USD):

Wednesday, August 23, 2006
749,000,000 US Dollar = 583,083,570 Euro

749,000,000 Euro (EUR) = 962,127,950 US Dollar (USD)

Interbank rate +/- %

This means:
You buy 749,000,000 US Dollar : 583,083,570 Euro
You sell 749,000,000 US Dollar : 583,015,490 Euro
You buy 749,000,000 Euro : 962,127,950 US Dollar
You sell 749,000,000 Euro : 962,240,300 US Dollar

-----------------

Posted by: T1215
In reply to: 6digits who wrote msg# 53476 Date: 8/23/2006 6:03:42 PM
Post #

6digits: The Finnland AAA RATED was an addition to the announcement of Fridays PR'ed bond ACCORDING TO THE PUBLIC FILING WITH THE SEC 8K.

TRADE WELL&&&&&&&&&&&&&&MORE PATIENCE~T

http://www.investorshub.com/boards/replies.asp?msg=12869741

Posted by: some_extra_dough
In reply to: None Date:8/23/2006 6:13:41 PM
Post #of 53536

Anyone think the current reset will go up based upon the new bond?? The Lehman Bros. bond of half the amount increased the reset by more than $10.

http://www.investorshub.com/boards/read_msg.asp?message_id=12869976

PALTALK SCROLL 8/23 (FWIW):

(4:51 PM) therealtruth1: we still need to see the 10K to see the Book Value validated

(4:57 PM) therealtruth1: I'll give you another take on this. 2.4B is about 240M in annual interest-they are giving 50% of the interest to the owners, that leaves $120M, or revenue of about $1.25 per share. That alone justifies a price above $12.50 and maybe much higher

(4:57 PM) therealtruth1: plus, they can hypothecate the bonds at low interest rates and loan it out, if they want at higher rates. That was one of the original plans for the company

(4:54 PM) therealtruth1: we have no reason not to trust the book value stated by Rufus, his credibility went up 10000% today with the S8 (8-K?)

If all the info in the new 8-K turns out to be true (and is verified in the promised 10-K), here is one posters look at how things may work out (FWIW):

Posted by: 53chevy
In reply to: HititUP who wrote msg# 53507 Date:8/23/2006 6:43:31 PM
Post #of 53883

I believe you are correct in your analysis. RPH has committed to 2x book value:

UCC Funds $300M
Caracas Group Bond $500M
Lehman Bros Bond (A+) $579M ($450M Euro @ $1.287 USD exchange)
Finland Bond (AAA) $964M ($749M Euro @ $1.287 USD)

TOTAL $2343M
Authorized Shares ~111M
Outstanding Shares ~97M
Estimate Float ~26M
Book Value Assets/share $21.11
2X Reset price $42.22

Plus whatever else is in the 10K....... this should even make the former CVSU holders happy. Looks like they will get the $34 they wanted......and can you imagine the implications of the short squeeze?

I am...

Holding Long and Strong

http://www.investorshub.com/boards/read_msg.asp?message_id=12870474

Posted by: some_extra_dough
In reply to: None Date:8/24/2006 10:27:25 AM
Post #of 54319

Link to NEW BOND info: http://www.fitchratings.com/corporate/ratings/issuer_content.cfm?issr_id=80442194