Replies to post #12775 on Conversion Solutions Holdings (fka CSHD)

[faith4more]

JJ should we expect much from the 10k?

I may be wrong but I thought the 10k was an FHAL 10k as opposed to a CVSU. If it just last quarters FHAL stuff may not contain much. I ask the question because if some people have an expectations of the 10k containing big assets and it just contains FHAL to finish out reporting old company business some may panic. Of course if that is the case it would be unwise to panic. Either way 10K filing will be positive because opens up way for SB2 filing which is what we really want to get done to get that price reset.

Anyway question is do you expect CVSU assets to be in this 10K?

[Nivrama32514]

Will someone be able to record the radio talk show so that it can be heard by other people later?
Also can someone point me in the direction as to where to locate the IRS Section 368 tax reorganization information? I want to send it to a broker I know because he is unaware of this.
Thanx

[bluediamonds]

CSVU BALANCE SHEET as filed in FHAL 8-K, July 11, 2006 (merger)

Exhibit 9.1

CONVERSION SOLUTIONS, INC.
(A Development Stage Company)
Balance Sheet
As of March 31 2006

ASSETS:

Current Assets

Cash & Cash Equivalents
$ 9,146

Interest Recivable
$ 33,125,000
$

Total Current
$ 33,134,146


Other Assets

Stables
$ 277,000

UCC Security Notes
$ 310,138,000


Total Other Assets
$ 310,415,000

Long-Term Assets

Long-term Investment in Bonds
$ 500,000,000

(see footnote)

TOTAL ASSETS
$ 843,549,146



LIABILITIES & EQUITY:


Liabilities:


Note Payable
$ 4,400,000

Long-term Note
$ 36,000,000


Equity:

Capital Stock
$ 2,329

(Common stock. .0001 par value 23,290,000 authorized, issued and outstanding)



Net Income (loss)

($ 284,019)

(1) Accumulated Other Comprehensive Income
$ 803,430,836


Total stockholders equity
$ 803,149,146




TOTAL LIABILITIES & EQUITY
$ 843,549,146