Conversion Solutions Holdings (fka CSHD)

[DownWithPumpers]

> In order to get a permanent TRO they will need to validate RPH claims on the bonds. Which means they will go to the source to see if he has the bonds in an account at Euro clear?

No that's totally false. He claims to have 100% free and clear ownership of the bonds, not be getting the coupons (hint: that's the only reason someone buys bonds to get the coupon), which implies he doesn't own them or only has them on some (reverse repo) agreement, and that he got them for future claim on non-existent businesses.

As Rufus mentioned last night, if you have a billion dollar bond, that's AAA rated you can borrow a billion dollars against it (to pay for it). But nobody but him in the world, thinks that's an asset without a liability that can be used to pump up a stock.

In other words, ownership without collecting interest isn't real ownership.

Listen to all his talk about letters of credit, that's proof positive that the rest of his story is false. If you have free and clear ownership of billions of dollars of bonds, you should be a money loaner, not a money borrower.