Where in a PR did he say he owned the bonds? The filings tell a different story. Here is just one PR:
August 18, 2006 - 1:14 AM EDT
Conversion Solutions Holdings Corp Updates Shareholders
KENNESAW, Ga., Aug. 18 /PRNewswire-FirstCall/ -- 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+
Where does it say they owned them? I never got that.
BCIT? Preventing it from unfreez-... what? In your dreams canteen boy. - clarity Oct 22, 2008
