Replies to post #83200 on Conversion Solutions Holdings (fka CSHD)

[mag57]

blue 550 MIL EUROS!

[neom2006]

Come on...that is BS!!
If I go to the bank and borrow $1 million dollars, do they pay me interest to keep THEIR money? No, I pay them to keep THEIR money.
You are trying to tell me that someone is going to give him another $6.5 BILLION and they are paying him to take it???
Where does this logic come from???

[lifegear]

so a bank is one of their subsidiaries?

[aimgator]

Blue,,

Seriously... interest of 11% all going to CVSU.. no way... they are not even the owners of that Bond. Maybe...maybe.. they get a fraction... but i hardly believe that.... if anything they made some deal to use the BOND to open a credit line and thats IT.


Why would the original owner of the bond... give all the interest to another company..and let them declare it as an asset.

If the 10k does get filed... maybe we get an insight as to how they arranged to use this bond.

[Vitamin DD]

blued...let's be civil ok.

Harris's answer to me was this:

"The interest is not owed by us, but paid to us by the bonds issuing Bank."

Now stay with me here, if you are paid interest that means you have given up something to get this interest.

There have been two questions that I have had from day one about the bond deals.

1) How much ownership interest (dollar amount) of each bond does CSHD have?

2) What does CSHD give up to obtain this ownership interest?

I think we can both agree those are fair questions.
Now for the first question, of the bond agreement CSDH has (or maybe no longer has) with HWSF, I do not see in those agreements that HWSF or CSHD has ownership interest of the bond itself. The orginator of the bond is controlling faction. Individuals or entities buy into bonds, providing the orginator money, and getting interest in return. No where have I seen that HWSF or Paez control the entire amounts of these bonds, and I certainly haven't seen where CSHD controls them or their total value.

Further, the obligations of the deal fall squarely on CSHD in these deals. At least to these eyes, it reads that if and or when CSHD purchases notes (it seems like this is the activity required to trigger part of the terms of the agreement) then they become obligated to HWSF for the profits from the notes along with other financial obligations to HWSF.

Those were the two simple questions I was hoping were answered very early on. However, regardless whether the amount was $1.00 or 10 Billion dollars, these are incumbered assets to the hilt. Without revenue producing companies, the only money coming into the company is funds from dilution, which was 11 million shares between 7-20-06 and 8-8-06.

The failure to answer these basic questions only led to even more bizzarre comments, PR's and actions from a CEO who is digging the hole for his own grave. Like countless other CEO's before him in the small market, he is determined not to stop. It's amazing to watch, and passes down time when the day allows.

Vitamin DD