Replies to post #18 on Conversion Solutions Holdings (fka CSHD)

[ajman]

OS 67,374,721 as per TA

From 10QSB
Mr. Mike Alexander is employed pursuant to a five-year employment agreement that commenced on August 28, 2004. The agreement provides for a base annual a salary of $150,000 per year and a bonus of 20% to 50% per year as determined by the Board of Directors based upon the performance of Furia, and the use of a vehicle. The agreement also provides that the number of shares of Common Stock of Furia shall never be less than sixty percent (60%) of the total issued and outstanding Common Stock at any time. The agreement also provides for his indemnification against any and all claims and demands, including court costs and reasonable attorneys' fees that may arise out of his services to Furia.

Which means IMO
62,192,033 x 60% equals 40,424,832 shares by contract that Mike Alexander owns and since he is an officer of the company they are restricted.

The 2,780,405 shares repurchased by the Company from December 2005 to March 31, 2006 were purchased in open-market transactions.

Which means these 2,780,405 shares are also not in the float.

There are another few hundred thousand shares issued that are restricted that I am not counting in this.

FLOAT EQUALS
67,374,721 authorized
-40,424,832 Mike Alexander
- 2,780,405 Company Repurchased

24,169,484 Total Float

Thats how it all works out for me, let me know if you figure it any different, but I think its close.