Replies to post #9397 on Conversion Solutions Holdings (fka CSHD)

[flota]

check this out even furia had problems with the auditors...lol

violating the loan covenants, never a good idea.


26-May-2006

Changes in Registrant's Certfying Accountant


Item 4.01 Change in Registrant's Certifying Accountant

On May 18, 2006 Murrell, Hall, McIntosh & Co., PLLP, the auditors, of The Fronthaul Group, Inc. (the "Registrant") resigned as the Registrant's independent auditors. Murrell, Hall, McIntosh & Co., PLLP did not seek the Registrant's consent to its resignation. Therefore, Murrell, Hall, McIntosh & Co., PLLP's decision to resign was not recommended or approved by the Registrant's Board of Directors.

From October 24, 2005 through May 18, 2006, there were no disagreements between the Registrant and Murrell, Hall, McIntosh & Co., PLLP, on any matters of accounting principals or practices, financial statement disclosure or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of the former accountant would cause it to make reference to the subject matter of the disagreement(s) in connection with its reports.

The former accountant reasons for resigning were the 10-QSB for the quarter ending March 31, 2006 was filed prior to their completion of their review and that the Company's purchase of its common stock violated certain loan covenants and were not properly disclosed to the public.

The Board of Directors has not yet approved the appointment of new auditors.

http://biz.yahoo.com/e/060526/fhal.ob8-k.html


This is my favorite part from the meger agreement

THIS MERGER AGREEMENT (this "Agreement"), dated as of the 8th day of July, 2006, is by and among:
FRONTHAUL GROUP INC., a Delaware corporation (the "Buyer"); and
Conversion Solutions, Inc., a Delaware corporation and a holding company (the "Company").