Conversion Solutions Holdings (fka CSHD)

[Our-Street]

Your DD is totally flawed bluediamonds.

First, that 8K that they filed alleged a book value in the mid $7 range.. not $70 so let's try to keep our facts straight.. assuming you actually care about the facts.

Further, the 8K brings up more questions than it answeres and it represents a heap o' trouble for Mr. Benson, the auditor because he was either negligent or incredibly unethical in his work.

You do not value a note with a theoretical value of $300 million including accrued interest when the cost basis of that note is $40 million and particularly when the $40 million was in the form of a promissory note that has never been paid and long ago went into default.

Likewise you don't value a bond at half a billion without disclosing there are serious concerns regarding its true ownership and more importantly when the interest payment on the bond, that was due in August remains unpaid. You see, unpaid interest payments are huge red flags as they could possibly indicate either that Rufus is not, in fact the beneficial owner of the bond, assuming it was a legit bond.. or worse yet.. that this bond is one of those phony or contested bonds that really have no value.

Either way, you don't simply give them face value under those circumstances without even disclosing these facts in a far more direct and relevant way.

That's why I took it upon myself to share this with the SEC enforcement division and the PCAOB, the group who oversees all SEC accountants. PS.. I have checked my findings with highly respected and well placed people and they have agreed with my findings. You see, accounting practices are pretty black and white... with just a little bit of grey.

The bottom line is there are serious problems with the 8K and it demonstrates even more so, just how corrupt this deal is. Here is my initial comment on the 8K.

http://www.investorshub.com/boards/read_msg.asp?message_id=13734337

It's getting ugly around here and I don't see it getting any prettier anytime soon.