Conversion Solutions Holdings (fka CSHD)

[bleah]

really, it looked like you cut and pasted (would have been faster that way if you didn't). Anyway, I remember what you posted even if you didn't. You posted much more than you did in the previous post - including a part of dilution of shares based on revenue. The "date of acquisition" of fronthaul by furia however was in August 2004, and the dilution could only occur within 12 months of the date of acquisition.
Then in later posts, you talked about Fhals revenue for the past year making it look like that this agreement might still be in effect when it wasn't.

Here is the post if you forgot:

http://www.investorshub.com/boards/read_msg.asp?message_id=12947185

As a result of the transaction, Fronthaul became a wholly-owned subsidiary of the Company. At the closing, an aggregate of 20,000,000 shares of the Company's common stock and 500,000 shares of the Company's preferred stock were authorized for issuance to the shareholder of Fronthaul. The common stock issued to the shareholder of Fronthaul represented 69.6 % of the 28,742,842 shares of the Company's common stock in total outstanding post closing shares. The preferred stock issued to the Fronthaul shareholder shall be convertible, at the option of the holder, into shares of the Company's common stock at the rate of 100 shares of common stock for each share of preferred stock, such right of conversion shall be based upon the following formula

(i) Upon the Company achieving revenues of $ 250,000 within twelve (12) months from the date of acquisition, aggregate of 25 % of the preferred stock may be converted;

(ii) Upon the Company achieving revenues of $ 500,000 within twelve (12) months from the date of acquisition, an aggregate of 50 % of the preferred stock may be converted; and

(iii) Upon the Company achieving revenues of $ 750,000 within twelve (12) months from the date of acquisition, an aggregate of 100 % of the preferred stock may be converted.

On the one-year anniversary from the date of acquisition (" Anniversary Date"), should the Company fail to achieve any or all of the revenue thresholds, the Company shall redeem the uncoverted preferred stock within 30 days from the Anniversary Date, then the shareholder, without regards to the revenue requirements set forth above, may, at any time thereafter, convert the preferred stock into common stock as hereinbefore set forth.