Replies to post #136997 on Conversion Solutions Holdings (fka CSHD)

[serfdom]

"also this is not a dividend or forward split it is addition..."

You do realize that is the precise definition of a stock dividend, right?

[Investorman]

Book value has nothing to do with the PPS. PPS is determined solely by the market. Some investors may take book value into account when deciding what they will pay for a stock and others will not. Adding bonds that the company doesn't own or control isn't likely to have any effect at all.

There is no such thing as a "price reset" by the company. It is a message board myth. The only "price reset" that can occur is if a stock split (either forward or reverse) takes place and then it is not done by the company. In that case the price is adjusted to account for the split and even then it is only effective until the first trade takes place.

[Howzie]

Laughing. "addition shares based on a reorganization"...

what's the reorg? point out ONE reorg that happened without the price adjusting?

[lithe lassie]

So, chas, where exactly was the daily list and NASD announcement of that 6 for one?

[Our-Street]

You're forgetting a couple of teeny tiny details here Chas56789. Now you are correct that book value does have a lot to do with the PPS but have you forgotten that CSHD does not have any real assets to speak of? Have you forgotten that CSHD really doesn't have any interest in those bonds and that that note has been demonstrated to be worthless? That's one of the things this SEC thing was about and, as I am sure you remember, Rufus didn't even show up to defend himself. That is about the biggest admission that the SEC's claim was right as you can get.

Now one other teeny tiny detail you and Tut seem to be overlooking. That's the fact that CSHD does not have enough authorized shares to make this 6 for one distribution a reality without following the proper protocol. This includes mailing a formal notification to all the shareholders. Between ADP and NOBO and OBO and the transfer agent, printing and mailing costs for several thousand notification statements in the proper format will run into a considerable sum of money, money, I might remind you CSHD does not have. I suppose Tut will kick that in personally though.. right? Anyway, that is going to take at least a month or so if they get started today on the process. I know.. I've actually done these proxy statements before.

So, before you get too excited about this, please don't overlook these two important details.

The good news is, I think with a book value of $0, you can safely expect CSHD to trade for between 2 and 3 times that figure as has previously been discussed.

[The Real Deal]

What's missing from your point is that I don't believe the company had the assets it claimed much less any new assets.