Conversion Solutions Holdings (fka CSHD)

[SammyTheBull]

Interesting. Comparing 8-K's for the 2 periods show that there was a receivable for $33 million on 3/30. On 6/30, the receivable's decreased by $19 million (an interest payment came in).

Then, subtract the expenses from the $19 million. Gives you $18 million and change. Subtract out $18 million paid to the real bond holder and that leaves about $280k.

Multiply $280k by 35% (income tax) = $101k

So it looks like they only managed $280k in net income for 6 months.

Or else, where did the $18 million go and why are they only reserving $101k for income taxes!!