Hey les I know this post is a few months old, but was wondering if you still felt the same way??? Are you related to Eliot? or just the same last name?
Posted by: lesnshawn
In reply to: None Date:8/25/2006 11:28:39 AM
Post #of 55568
Thought on bond issue: Everyone questions how CSHD got these countries and Lehman Bros to sign to these bonds. After all, what does CSHD have that would afford them to gain an annual income % from the bonds and to add them to their asset backing?
The badgers around here would have one believe that if RPH&Company can do it, well, then anybody should be able to do it. Afterall, they repeatedly tell us how RPH is a dunce and retarted and can't put two sentences together. Hmmm, sound familiar? (think - Democrats and Bush - funny as sh*t how he continually runs circles around them, keeping them to chase their own tail all the time, and catching it. OUCH! loL!) And, therefore, since everybody else isn't doing it, well, it must be fraudulent and hence, a scam, and we're all being taken for fools that will be left holding a bag full of worthless paper.
But, let's assume that the bonds are for real...afterall, we're talking Lehman Bro's here and major countries like Finland and Venezuela, so why should we not think they're for real. The PR's and 8K were anything but vague.
Now, assuming that, again, what could be the security for the bonds?
Admittedly, not being the finance major and very green when it comes to understanding bonds, I do know this much...to have any value at all, they need to have the risk factor behind them be minimal. In this country, it's often the taxpayer. Afterall, we're the backbone of this country...sh*t, we ARE this country and everyone knows, when it comes to productivity...we're hard to beat. Next month in my district, we're voting on a bond issue to FUND upgrades necessary for our local schools. Well, it's us, the taxpayers that are backing those bonds because it's US that will ultimately pay the bill for those bonds (through taxes). In the meantime, our district gets the money allocated on the bond UP FRONT to pay for the work that needs to be done, the bond is a traded security for a set # of years before payment is due on it and interest is paid to the holder of the bond (in this case, the county (I guess?)).
Now, in the case of CVSU, they're the holder of the bond and they get the money allocated on the bond UP FRONT to pay for the work that needs to be done (FUNDING OF THEIR JV'S, SUBS and FUTURE PROJECTS!). They also get the annual interest for the bond as revenue (6-13% so far, I believe, depending on the bond and terms set). But, again, WHAT IS THE BACKING SECURITY FOR THE BOND!? HOW WILL THEY BE ABLE TO PAY FOR THESE IN THE FUTURE WHEN THAT TIME COMES?
Hmmmm...could it be US!? The U.S. taxpayer!!!???
Meez tinks so, through the U.S. Federal Gov't and contracts that are already signed and in the works with them. :)
Conversion Solutions Holdings Company is just that...a holding company. They MANAGE the assets and their allocation. They operate in the PRIVATE SECTOR outside the beurocratic snares of the Federal Gov't. Therefore, this could be a way that the Feds see to get done what they want w/ new ventures in a quicker, more streamlined and WELL MANGAGED way. Afterall, having the manangement of THEIR projects in the hands of a PUBLICLY TRADED COMPANY that must answer to a BOD and who's SOLE RESPONSABILITY is that of fiduciary nature (TO INCREASE SHAREHOLDER VALUE (read - GENERATE REVENUE AND INCOME!)), they (The Feds) may see this as a WIN situation for them. AND, by going this route, they get the work done and know the companies doing the work have the money behind then because of the BONDS and THEIR BACKING of them. The taxpayers in a sense are just paying what we always pay for - gov't needs and projects.
It's up to CSHD to manage the projects. If they manage the projects well, they get more money from the feds in terms of contracts, their JV's become profitable and are spun off then as their OWN PUBLICLY TRADED COMPANIES. It's a WIN for CSHD directors AND SHARHOLDERS alike! Make it a WIN/WIN/WIN situation...Feds/CSHD Directors/CSHD shareholders. As RPH stated, WHEN those JV's spin-off into their own publicly traded companies, it will be the CSHD shareholders who will AUTOMATICALLY received dividend in those companies in the form of SPIN-OFF COMPANY STOCK! In 5 years we could essentially have 10x's the shares we have now but in 10 different companies! All for just holding tight...just as RPH told us. :)
Now it's even more clear why we see the high level of MILITARY personell associated w/ AISS. They (the FEDS) OBVIOUSLY would like to have THEIR OWN TRUSTED personell running the show. After all, it's THEIR MONEY and THEIR CONTRACTS for THEIR PROJECTS, IMO. :)
Just sharing my own thoughts.
RPH&Company are paving new ground here, hence all the questions and unbelief.
PATIENTLY waiting for the 10K,
lns
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