Replies to post #83193 on Conversion Solutions Holdings (fka CSHD)

[moe perkins]

That amazed me to hear an IT director is getting #350K sounds like a good fish fry in my book! Count me in please!

[berge]

the interest, plus whatever they promised on top of the interest for adding an additional layer of risk....what are they going to try and loan it out for, 30%???

[bluediamonds]

neom: They get interest on the bonds, not the other way around, this has been gone over many times.

Rufus even corrected VitaminDD on this very point, when he (Rufus) was posting on this board.

Have you figured out what 11% is on $5B EURO yet?

They should have more than enough money just based on the last bond.

IMO

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A quick CSHD book value calculation from HSM, FWIW:

Originally Posted by Flipperbw
Alright, let's calculate book value:

579,149,833.00 Lehman bond
6,341,092,356.35 new bond
.3B UCC Note
.5B Venz Bond
.959 Finland Bond

TOTAL: 8,679,242,189.35

divided by 120,000,000 o/s

EQUALS = $72.3270

now, this is BOOK

It assumes that all of the bonds are 100% assets.
It takes NO jv's into consideration.
It assumes the o/s is still 120mil.
It does not say what the price will be, since most do 2x - 8x....but let's say 2x as the lowest end:

$72.3270 x 2 = $144.6540

http://www.hotstockmarket.com/forums/showthread.php?t=42538&page=1102

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CSHD 8-K: RUFUS ADDS 5 Billion Euro denominated Global, Bonds http://www.sec.gov/Archives/edgar/data/757563/000129707706000065/cshd8k_092506.htm

8-K 1 cshd8k_092506.htm DEF AGREE 08/26/06
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

September 25, 2006
---------------------------------
Date of Report
(Date of Earliest Event Reported)

Conversion Solutions Holdings Corp.
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)

125 Town Park Drive Suite 300 Kennesaw, GA 30144
---------------------------------------------------------------------------------------------------
(Address of principal executive offices)

[phone]
--------------------------------------------------------------------------
(Registrant's telephone number, including area code)

N/A
------------------------------------------------------------------------------
(Former name and former address, if changed since last report)

Delaware
000-13910
43-2109079

---------------
------------
-------------------

(State or other jurisdiction of
(Commission
(I.R.S. Employer

incorporation)
File Number)
Identification No.)




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Item 1.01 Entry into a Material Definitive Agreement

The Board of Directors has approved a contract extension with the Caracas Group and accepted into its Asset Management Portfolio an additional 5 Billion Euro denominated Global, Bonds on the Republic of Venezuela with an 11% annual coupon.

The bond has been loaded in the Euroclear system with the following codes:

ISIN:
DE0006106875


Common Code:
012481241



Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

10.1 Press Release September 25, 2006

Date:
September 25, 2006
Conversion Solutions Holdings Corp.



a Delaware corporation





By: /s/ Rufus Paul Harris




Rufus Paul Harris, Chief Executive Officer






--------------------------------------------------------------------------------


Exhibit 10.1

Conversion Solutions announces 5 billion Euro addition to Asset Management Portfolio

KENNESAW, Ga., September 25, 2006 -- Conversion Solutions Holdings Corp (OTC BB: CSHD), a Delaware Corporation announces the following current events have taken place.

CVSU would like to announce an additional 5 Billion Euro denominated Global, Bonds on the Republic of Venezuela with a 11% annual coupon; has been added to the companies Asset Management Portfolio. The bond has been loaded in the Euroclear system with the following codes:

ISIN:
DE0006106875


Common Code:
012481241


About Conversion Solutions Holdings Corp

CSHD is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at (www,cvsu,us).

Contact:
Conversion Solutions Holdings Corp

770-420-8270

Ben Stanley - Ext. 2383

Rufus Harris - Ext.2384

Sabra Dabbs - Ext.2385

Mitch Sepaniak - Ext.-2382




http://www.sec.gov/Archives/edgar/data/757563/000129707706000065/cshd8k_092506.htm

[rookiecrd1]

How the Bonds figure into the equation

They don't pay the interest on the bonds, they get paid the interest. They hold the bonds, they didn't sell the bonds.

Now this is where it gets interesting. We don't know what the exact arrangements are. I believe that the cacasus group gave them the bond. Now, I also think that CSHD and the Cacasus group will split the interest. On this bond $550 million split 2 ways) Then CSHD will use the bond as leverage to borrow cash and fund their various projects. Looking at the future projects on the Songwi site theere are some major major projects at hand.