Replies to post #65604 on Conversion Solutions Holdings (fka CSHD)

[rookiecrd1]

This alone proves that the CD order posted by Ourstreet is false.

Not only that but if you are going to issues over $1 billion in bonds I would think the foundation would have done a huge amount of DD on CSHD and Harris, meaning they would not have went back on their deal just 10 days later.

[Vitamin DD]

Then you are going to have to show links and how the words 'Irrevocable Trust' are being used, because from the SEC site which has the 8-K and the copy of the acutal agreement....the word 'Agreement' is used in place of where you typed 'Irrevocable Trust'. The PR of your CEO states the word 'AGREEMENT'. The link I provided you was from the entire 8-K SEC-Edgar filing itself.

Bottom line: CSHD and HWSF have and Agreement. They did not enter into an irrevocable trust.

What follows are from the actual 'AGREEMENT' itself. There is no mention of this being an irrevocabal trust. That makes no sense. This is an agreement between two parties. One of those parties (CSHD) has already jeopardized the terms of the agreement.

Only I have brought DD to the boards showing you how fragile this agreement is, referencing the ACTUAL AGREEMENT ITSELF.

Here are other portions of the actual 'AGREEMENT'. Further, if the words "IRREVOCAL TRUST" are used in any PR of CSHD and yet those terms are not found in the filings, then the CEO would only be placing himself under very serious scrutiny. I would be very interested in seeing any link stating this was an irrevocable trust.
___________________________________________________________________________

"Funding Agreement Number: 252455770-08122006-LBH

GLOBAL FUNDING AGREEMENT

Conversion Solutions, Inc.

In consideration of the payment made by, or at the direction of,

Humanitarian & Scientific World Foundation, LTD"
___________________________________________________________________________

This Agreement is delivered in and subject to the laws of the International Chamber of Commerce UCP 500 (Uniform Customs and Practices for Documentary Credits).

This Agreement is issued and accepted subject to all the terms set out in it.

This Agreement is executed by Conversion Solutions, Inc. at its Corporate Center to take effect as of the 12 day of August, 2006 which is referred to as the Effective Date, subject to the receipt by Conversion Solutions, Inc. or its designee of the Net Deposit (as set forth in Section 1).

____________________________________________________________________________

GLOBAL FUNDING AGREEMENT NO. {252455779-08122006-LBH}

RESTRICTIONS REGARDING THE TRANSFER OR SALE OF THIS FUNDING AGREEMENT OR ANY INTEREST HEREIN ARE SET FORTH HEREIN

This Agreement is issued in connection with a Trust (specified in the Exhibit A) and the purchase of Secured Notes (the "Notes") which are described in section 2 A and which are to be purchased by the Trust pursuant to this agreement. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Notes.

Where used in this Agreement, the term "Notes" shall mean the Notes secured by this Agreement as the same exist on the Effective Date, without giving effect to any amendments or modifications to said Notes effected or made after any such Effective Date unless such amendments or modifications to said Notes have been consented to in writing by Conversion Solutions, Inc..
_________________________________________________________________________________

This as all of the above are directly from the 'AGREEMENT' filing:

3. ENTIRE AGREEMENT

This Agreement and the Annex attached hereto constitute the entire Agreement.

4. REPRESENTATIONS

(a) Each party hereto represents and warrants to the other that as of the date hereof:

(i) It has the power to enter into this Agreement and to consummate the transactions contemplated hereby;

(ii) this Agreement has been duly authorized, executed and delivered, this Agreement constitutes a legal, valid and binding obligation of each party hereto, and this Agreement is enforceable in accordance with the terms hereof, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights, and subject as to enforceability to general principles of equity, regardless of whether enforcement is sought in a proceeding in equity or at law; and

(iii) the execution and delivery of this Agreement and the performance of obligations hereunder do not and will constitute or result in a default, breach or violation of the terms or provisions of its certificate, articles or charter of incorporation, declaration of trust, by-laws or any agreement, instrument, mortgage, judgment, injunction or order applicable to it or any of its property.

_______________________________________________________________________________________

This post could go for pages. The contract between CSHD and HWSF is an agreement. It states it ad nauseam. I have shown you the terms WHICH WILL AUTOMATICALLY CANCEL THE AGREEMENT in previous posts. It is not irrevocable.

The C&D Order is proof of exactly what I have been posting. The AGREEMENT is fragile and has VERY tough terms for CSHD to realistically maintain. Using the money from their dilution may be the only way to do so. That is something I am sure officers of CSHD are not going to want to do for long.

Vitamin DD