View Full Version : CSHD - Conversion Solutions Holdings Corp
jotay21
07-12-2006, 07:41 PM
Just look in the news. Get in and hold on. This one is all over the boards. got in this morning at .163.
Josh
BBbucks
07-12-2006, 08:53 PM
Just look in the news. Get in and hold on. This one is all over the boards. got in this morning at .163.
Josh
http://news.moneycentral.msn.com/ticker/article.asp?Feed=PR&Date=20060712&ID=5861885&Symbol=US:FHAL
This looks like really good news! Question: If they are being taken over immediately- does this mean today was your lucky day- but those that get in tomorrow are too late? :confused:
jotay21
07-12-2006, 09:04 PM
I honestly don't believe so. I think that this stock will run up tomorrow as well. I think that if you want to get in, you need to do it early. Be prepared for a small dip followed by a large run. Read all of the news. After the aquisition, there shares are basically worth over $7. Not saying that it will get there over night, but it will get there by the end of the year barring any major hiccups.
Josh
BBbucks
07-12-2006, 09:14 PM
I honestly don't believe so. I think that this stock will run up tomorrow as well. I think that if you want to get in, you need to do it early. Be prepared for a small dip followed by a large run. Read all of the news. After the aquisition, there shares are basically worth over $7. Not saying that it will get there over night, but it will get there by the end of the year barring any major hiccups.
Josh
Thanks. I'll check it out. :wave:
CramptonMotorsports
07-18-2006, 07:46 PM
holy carp!
Count Dinar
07-18-2006, 09:07 PM
holy carp!
I second that holy carp.... we just saw a 38cent bump in the stock. Is this the begining of the upswing? Seems like a good start.....
J-boy
07-18-2006, 11:35 PM
Really good find!
Wonder how high it will go?
CramptonMotorsports
07-19-2006, 08:25 AM
we'll see if it gets near the $15 mark.
up %148 yesterday
Count Dinar
07-19-2006, 09:46 AM
Hopefully not too high today.... because I'm waiting on my wire transfer into scottrade so I can buy it up low.
BBbucks
07-19-2006, 09:48 AM
I really thought about getting in on this when it was at .16 - but when I went to research more about the company, it wasn't clear to me what they DO. One article said they were a trucking company and another said they were a software company. I decided to pass, since I kind of like to know what exactly I'm investing in. I've noticed it's really taken off since this merger news came out- so I'm keeping an eye on it nonetheless. IMO, I'll either be kicking myself or glad i decided to NOT jump on this one soon.
Count Dinar
07-19-2006, 09:54 AM
You know I was thinking the same thing when I was doing research
BBbucks
07-19-2006, 10:00 AM
You know I was thinking the same thing when I was doing research
Well- I hope it works out for you- it's at $1.03 right now. Had I thrown in a few hundred bucks last week- that would have been a tidy profit for the week. Good Luck!
Count Dinar
07-19-2006, 10:08 AM
Well- I hope it works out for you- it's at $1.03 right now. Had I thrown in a few hundred bucks last week- that would have been a tidy profit for the week. Good Luck!
I know.....well we'll see after today. If it peters out around 1.50 I will contemplate not getting in but the way it's been advancing today I could easily see it past 2 bucks.... it's at 1.19 right now and climbing.
CramptonMotorsports
07-19-2006, 10:26 AM
up 125%
this is just crazy. I wanted to get in at .17 but didn't have any funds available, ugh...
I really hate that I can't trade unrestricted without 25k in my account.
Count Dinar
07-19-2006, 12:17 PM
Well it's actually starting to come back down now. It peaked I believe around 1.55 just like i thought and started to peter out it's back around .87 right now.
Anyone else have anyother goods ones on tap that they were looking at?
I was particularly looking at FLIP, but haven't researched it a lot yet.
granny
07-19-2006, 04:22 PM
The surviving entity will be Conversion Solutions, Inc.; FHAL day-to-day operation will cease immediately, and the company will operate as CVSU to include the Director and Officers as follows;
Surviving Board of Directors :Listed at the link below.
http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:FHAL&Feed=PR&Date=20060712&ID=5861885
I found this today. ?
CramptonMotorsports
07-19-2006, 06:46 PM
huge buy after hours
1.46 200000 OBB 16:14:39
close was 1.06
Talk about a huge gap tomorrow morning. I really need to get my hands on 25g's.
J-boy
07-20-2006, 04:32 AM
Yeah, I think this is really a good one.
CramptonMotorsports
07-20-2006, 05:58 PM
only up 4.72% today. with a high of 1.57 and a fat finger low of .90, riding around 1.25, then shake shake shake and profit taking at the eod, with an after hours trade of 1.49 going through!
jotay21
07-20-2006, 09:36 PM
I don't think that was an AH trade. I just think the MM's didn't post it until late. I do think that we are in for a hell of a morning gap tomorrow morning. Much like today. We will see if it can hang there. Hope this works out for all.
J-boy
07-20-2006, 10:40 PM
Guy says the company owns all the float.
So what happens if they halt trading and call for certs?
Hoping this might be my ticket home!
:happy64: :happy64:
:shhh:
Don't tell (the company) :lmao:
jotay21
07-20-2006, 10:45 PM
Basically all of the MM's that are shorting the stock will be caught with their hands in a cookie jar. It won't be a good thing and likely that a lot of people will be in a very bad way. Not me though. I am still digesting the SEC-4, and I am not 100% comfortable with the wording, but I should be through it tomorrow.
CramptonMotorsports
07-21-2006, 12:08 AM
unless you read some of the posts going around that this is a scam and that rufus is going to bk fhal...
I'm gonna ride the minor shares I have, take profit, hope for a dip then just ride some free shares.
No bashing, I'll trade anything if it makes me money.
jotay21
07-24-2006, 11:56 PM
If any of you guys think that this is a pump and dump, get out. We did make 40% today though. Plus, P&D's don't climb for 6 straight days. I hope some of you guys got in for this ride.
J-boy
07-25-2006, 12:11 AM
Wish I had seen this the first day you posted!
I got in at 1.25
CramptonMotorsports
07-25-2006, 08:16 AM
I got in and I'm holding for now.
CramptonMotorsports
07-25-2006, 07:15 PM
still holding... only because I couldn't sell fast enough after that mn1 debacle!
I had my sell set, but they dropped the price so fast on so little vol. that I couldn't fill anything, so I'm holding. Really bummed because I knew that there would be selling on news, good or bad, stupid I know but it's still penny's holding this stock. I would buy in, just lower.
Hopefully tomorrow my funds will clear and I can buy back in after a huge gap down, or a gap up and a retrace.
Lots to digest from crappy interviews and with the money being thrown around in FHAL right now, the bashers are working overtime.
I'm only playing a few hundred $'s worth, and this is a huge gamble, but I burn more one night in vegas, so ehh...
Lets see what CVSU can do.
jotay21
07-26-2006, 08:48 PM
Since I started this post, I felt it fair that I am out of this stock except for about 2000 free shares that I decided to keep just in case. I have made a nice little amount on it. I may go and buy 80millioin dinar and see where that gets me:lmao: . Anyway, if you are only in for a couple hundred, hold long and see what happens. it is going to get real interesting with the FHAL/CVSU financial filings coming either tomorrow or Friday. I agree that this thing is getting the hell shorted out of it. The only reason a stock would get this bashed on Ihub is because there are a lot of people that are EXTREMELY short and are scrambling to do everything they can to knock it down to pre-merger announcement. Good luck all who got in this ride and I hope you can pull enough to ride for free.
CramptonMotorsports
08-04-2006, 02:49 PM
ENNESAW, Ga., Aug. 4 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: FHAL), a Delaware Corporation updates shareholders.
We had a few extended delays that were caused by confusion over the merger; generally the trading entity name and symbol survive in this type of reorganization. The delays involved the reorganized entity name and CUSIP number; all problems have been solved and the New CUSIP is as follows:
ISSUER: CONVERSION SOLUTIONS HOLDINGS CORP
CUSIP NUMBER: 21254V 10 0
ISIN NUMBER: US21254V1008
ISSUE DESCRIPTION: COM
The required documentation was submitted to NASDAQ for the new Symbol and merger requirements. We should have our new symbol as early as Monday, August 7, 2006.
'I would like to thank each and every sustaining shareholder for their support. All business should move in an expeditious manner from this point forward,' stated Rufus Paul Harris.
About Conversion Solutions Holdings Corp
CSHC is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHC'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. CSHC is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at http://www.cvsu.us.
SOURCE Conversion Solutions Holdings Corp
Source: PR Newswire (August 4, 2006 - 2:59 PM EDT)
News by QuoteMedia
www.quotemedia.com
jotay21
08-04-2006, 04:46 PM
So, Crampton, you long and for how much? I am faithfully holding 21K shares of this and hoping for some really good news on Monday. We might have to wait until Tuesday, but I see it coming soon enough.
CramptonMotorsports
08-04-2006, 04:58 PM
I have a measily hundred shares, no funds were available. a hundred shares, sounds ridiculous, but it's better than none.
I'm in long enough to see where this is going, and hopefully make a decent profit.
I was also going to add shares this week, but it was just wacky with silence from the company with so much up in the air, name changes, symbol and cusip issues, but hopefully we're back on track.
CramptonMotorsports
08-09-2006, 08:29 AM
New Symbol CSHD
not sure where the 10k is or whats going on.
CramptonMotorsports
08-15-2006, 09:48 AM
now showing CSHD in scottrade... lets see $15...
LoveDemDinars
08-15-2006, 10:59 AM
Hi guys, The new symbol showed this morning because the payout was yesterday evening. I have only 187 shares left, sold 58000 when Fhal was at $1.59. I think CHSD will bounce a bit and then inch up.
Soooooooooo I am goin to re-embark when I see movement. at $.96 now
Good luck.
CramptonMotorsports
08-18-2006, 08:21 AM
Conversion Solutions Holdings Corp Updates Shareholders
August 18, 2006 01:15:11 (ET)
KENNESAW, Ga., Aug 18, 2006 /PRNewswire-FirstCall via COMTEX/ -- Conversion Solutions Holdings Corp (CSHD, Trade), a Delaware Corporation announces that during the 10-K filing process the following current events have taken place.
CSHD would like to announce the signing of a Global Funding Agreement with the Humanitarian & Scientific World Foundation, LTD a Georgia LTD Foundation. The Foundation's Co-Operators are Adnan Sakli FD# 8216 and 8217, Craig M. Cason and Steven Canady.
The funding agreement brings a 450 Million Euro ($579,149,833 USD converted) denominated Note on Lehman Brothers Holdings PLC with a 6 1/8% coupon to CSHD's Asset Back Management facility. (The MTN holds an S&P, Fitch, and Composite A+ rating with a Moody's A1 rating).
The bond is loaded in the systems with the following codes:
Lehman Brothers Holdings PLC 6 1/8 A+
Common Code: 010924251
ISIN: XS0109242510
BB Number: EC2377199
"With the addition of this Asset to the corporation, we are now looking at a new justifiable reorganization release price of $25.63, up $10.63 from the original estimated $15.00 per share ($12.81 Book X 2). The exact number will be disclosed in the SEC filings," stated Rufus Paul Harris, CEO.
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 http://www.cvsu.us.
SOURCE Conversion Solutions Holdings Corp
Rufus Paul Harris Conversion Solutions Holdings Corp, Harris*cvsu.us, +1-770-420-8270
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
CramptonMotorsports
08-24-2006, 08:23 AM
KENNESAW, Ga., Aug. 23 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation announces that during the 10-K filing process the following current events have taken place.
CSHD would like to announce the additional Deposit from the Humanitarian & Scientific World Foundation, LTD a Georgia LTD Foundation.
The Annex to the Global Funding Agreement brings a 749 Million Euro denominated Bond on the Republic of Finland with a 6% coupon to CSHD's Asset Back Management facility. (The Bond holds an S&P, Fitch, and Composite AAA rating).
The bond is loaded in the systems with the following codes:
Republic of Finland 6% AAA
Common Code: 008120510
ISIN: FI0001004558
Copy and paste the following link into a browser to see 8K file:
http://sec.gov/cgi-bin/browse- edgar?company=furia&CIK=&filenum=&state=&sic=&owner=include&action=getcompany
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 http://www.cvsu.us.
© 2006 PRNewswire
ProjectoR
08-29-2006, 12:31 AM
Hi all im new to the forum, i have been looking at CSHD (now symbol) for a few months now i got in at about a doller, we all have been waiting for the bid 10k PR release and the price reset, wich could reset to the doller(s) range.
this week especially wednesday will be hot trading with ups and downs. (my prediction) there is rumor of big news for september and up until teh end of year.
However i caution people not to hold on too long without checking it daily,
all rides come to an end and this one had had many rides already.
I guess we will see tomorrow morning. see you then.
CramptonMotorsports
09-01-2006, 02:30 PM
I hope someone here is holding from .12 or so
the poo is getting thick on the big message boards and wow one completely bogus filing thats supposed to be LEGAL is a COLOR .pdf.
EVERYONE that has ever taken ANY law classes knows that legal documents must be in blue or black ink., preferablly black ink.
And these BOGUS reports by OUR STREET have continued to be false are getting absolutely no shares from longs or none at all, but it may justify the MM's swapping shares as sells to cover their naked shorts.
come on, the CSHD CEO just received the GA person of the year from the GA GOP. the Republican national party is NOT going to back a penny stock scamster.
ugh. I really wish the gov. actually did something to MM's that make money off this BS
CramptonMotorsports
09-08-2006, 05:19 PM
KENNESAW, Ga., Sept. 8 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation announces the following current events have taken place.
On September 8, 2006, the Company executed an engagement letter with Thomas Benson, Certified Public Accountant of 4599 Mistywood Drive Okemos MI 48664 to audit the consolidated financial statements of the Company for its fiscal year ending June 30, 2006, and the related statements of income, stockholders' equity, and cash flows for the year then ending. The Board of Directors approved the appointment of Thomas Benson, effective September 8, 2006.
There are no disagreements between the Registrant and the prior appointed C.P.A. David S. Hall, P.C., located at 100 Crescent Court, suite 700, Dallas, Texas 75201, on any matters of accounting principals or practices, financial statement disclosure or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of the former accountant would cause it to make reference to the subject matter of the disagreement(s) in connection with its reports.
The Official Merger date has been set for Wednesday, September 13, 2006 at the close of the trading day. At that time the corporation will receive the Non-Objecting Beneficial Owners (NOBO) from ADP Automatic Data Processing Inc. located at 51 Mercedes Way Edgewood, NY 11717 allowing the conclusion of the FHAL shareholder list for the completion of the Audited 10-K.
Note to Waatle Holdings Corp Convertible Note Holders; shareholders, Conversion Solutions, Inc Convertible Note Holders; shareholders and all Subsidiary shareholders; we will be providing documentation for your conversion to Conversion Solutions Holdings Corp on our Web site CVSU.US (http://www.cvsu.us) within the next week.
"The coordination with the various agencies and organization for the merger closure has been an extended process, which I take full responsibility for. My original time frames were very aggressive, my thought process was to increase the pressure on the various agencies and organizations and push this merger through as soon as possible to prevent the organizes market operations from maneuvering your shares out of your possession. I hope that I was successful. Things will now start to move at a fast pace for all involved, so Thank You for hanging in there and for being a Conversion Solutions Holdings Corp shareholder," stated CEO Rufus Paul Harris.
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 CVSU.US (http://www.cvsu.us).
© 2006 PRNewswire
axismundi
09-11-2006, 10:09 AM
Hi guys, The new symbol showed this morning because the payout was yesterday evening. I have only 187 shares left, sold 58000 when Fhal was at $1.59. I think CHSD will bounce a bit and then inch up.
Soooooooooo I am goin to re-embark when I see movement. at $.96 now
Good luck.
Thats... you just... it... thats... 4.611 times my yearly salary that you just sold for... *sobs*
CramptonMotorsports
09-11-2006, 11:54 AM
can we get a title change to the new symbol?
It's now CSHD - Conversion Solutions Holdings Corp.
CramptonMotorsports
09-14-2006, 11:31 AM
Conversion Solutions Issues Statement on TD Ameritrade
Wednesday September 13, 7:38 pm ET
KENNESAW, Ga., Sept. 13 /PRNewswire-FirstCall/ -- The following statement is being issued by Rufus Paul Harris, Chief Executive Officer of Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), a Delaware Corporation.
Depending on who you speak to, the events of the last thirty days could be the beginning of the end for a trading dynasty. The "Short" selling of Conversion Solutions Holdings Inc. (OTC Bulletin Board: CSHD - News) company stock by a once loved and respected trading house may have sealed that company's fate as it is now perceived to specialize in "Shorting" OTC Bulletin Board stocks.
Short selling of OTCBB stock is legal, and is used by some companies to create liquidity where there is none. Why would a stock be stagnating, you may ask? In some instances anticipation of an upcoming 10K or a price reset might cause a company's share holders to sit tight and hold for a time. Companies that participate in the practice of "Short" selling either: buy their positions out of the market or go bankrupt.
Conversion Solutions Holdings Inc. has filed 8K documentation, announcing nearly 2.6 billion dollars in assets and yet TD Ameritrade (and their subsidiaries) continue to sell shares they don't own, or have the ability to borrow. TD Ameritrade responds not by buying the stock out of the market, to cover their "Shorts," but by refusing their customers their legitimate right to buy more OTC Bulletin Board: CSHD stock. Some Conversion Solutions Holdings Inc. supporters have shared their thoughts and feelings on the forum Penny Stocks, Free Stock Picks - Free Message Boards (http://www.hotstockmarket.com), many of whom vow to press litigation against TD Ameritrade for not allowing them to purchase more CSHD stock. This stock has been on regulation SHO for 25 consecutive days and it has been confirmed that it has been "Shorted" by an objective "Third Party." To peruse this information please visit BUYINS.NET (http://www.buyins.net), they assert, "the 'Shorting' is over...16,000,000 shares with others estimating the 'Shorting' to be as high as 60,000,000."
Currently, the Company has 62,000,000 shares outstanding, and simple calculations would assess a current book value for this company, as of today, at approximately $41.93 per share. Then the sum, when multiplied by a minimum of 16,000,000 shares shorted, comes to minimum of $670,880,000. A market analyst concludes this stock may be conservatively valuated at 2x its book value ($1,341,760,000) or put another way, about 4 times greater than TD Ameritrade's last year's net profit.
Some of TD Ameritrade's clients are already requesting their stock certificates in fear that TD Ameritrade may go under. They are moving their shares to other trading houses that they believe to be less likely to short this stock.
As Conversion Solutions Holdings Inc. nears its 10K due date (September 30, 2006) its share holders should look positively on the actions of their Chairman and his Board and their corporate wide confidence should be reflected and rewarded by ever increasing share values. Having said that and looking back on the events of the last thirty days I can say with certainty that it should be an interesting, but profitable ride for any person who wants to get on board to make the trip by supporting their company for the long haul.
For additional information concerning "Short Selling," please read "Darkside of the Looking Glass." by Dr. Patrick Byrne Darkside of the Looking Glass (full) (http://www.businessjive.com/nss/darkside.html)
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained herein which are not historical are forward- looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Source: Conversion Solutions Holdings Corp
Count Dinar
09-14-2006, 11:51 AM
That is some crazy shiznat! I hope people do file suit against Ameritrade, its bull that they are able to control the market that much. I can't believe the projected view of how much the stock should be worth.... $41 and change?!?! That's amazing.
CramptonMotorsports
09-14-2006, 11:58 AM
$54 is the # being thrown around the most.
yeah illegal shorting is going to be exposed by FHAL/CVSU/CSHD, the CEO has had that in his agenda since the start.
LoveDemDinars
09-14-2006, 03:56 PM
I beleive the new target is in the $43 dollar range. I could be wrong though because I have been over at SLJB drooling. Good luck to us all!!!!
BRYAN
09-15-2006, 05:41 AM
Trade closed @ $1.01
Looks like it should be apart of my portfolio
Just imagine how much $1,000.00 worth of shares purchased today would be IF it traded @ it's projected price
CramptonMotorsports
09-21-2006, 08:55 AM
KENNESAW, Ga., Sept. 20 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation announces the following current events have taken place.
The corporation has received the Non-Objecting Beneficial Owner (NOBO) list from ADP Automatic Data Processing Inc. located at 51 Mercedes Way Edgewood, NY 11717.
"The NOBO list has disclosed 75,487,085 (Seventy Five Million Four Hundred Eighty Seven Thousand and Eighty Five) shares above the total free trading shares of 30,918,339 of CSHD. The shares are held by 15,184 (Fifteen Thousand One Hundred and Eighty Four) shareholders to include institutions. For anyone carrying shorts and those CVSU shareholders with questions please contact Ben Stanley at our corporate office number, 770-420-8270," stated CEO Rufus Paul Harris.
Ben Stanley, COO, stated, "Our actions have always been to insure the well being of our shareholders. For this reason we are going to work closely with the SEC and all institutional holders to quickly and fairly resolve this issue by September 29, 2006, the last day of certificate exchange."
Sabra Dabbs, EVP of Global Operations, states, "Now all of our attention can be focused on our Humanitarian and Global Business Development efforts."
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 CVSU.US (http://www.cvsu.us).
© 2006 PRNewswire
CramptonMotorsports
09-21-2006, 08:56 AM
so are they saying there are 45 million naked shorts out there?
CramptonMotorsports
09-21-2006, 01:25 PM
I've got a small chunk of money in this, so it's not worth it for me to pump it for any reason.
But the CEO did receive the Republican of the year from the GA GOP. I'd like to think that the Republican party would not endorse a penny scam CEO.
Also StockLemon/OurStreet has been charged with lawsuits, and has been in the past as well from other instances like this.
The CEO has confronted all problems and even had an open invitation to all that wanted to attend to a BBQ at one of his stables in GA, there's a recap and pics on HSM, so he is a real person and is at least showing that he's doing things to make this happen.
time will tell soon enough, sept. 30 is the deadline for the 10k i believe.
CramptonMotorsports
09-22-2006, 08:29 AM
Around and round we go, when it resets nobody knows!
KENNESAW, Ga., Sept. 21 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD), a Delaware Corporation, announces the following current events have taken place.
CSHC would like to announce that during an Emergency Board meeting called for the Joint Venture Corporation of American International Smart Structure, it was voted and resolved to remove Dr. Thomas Mensah as President and CEO of AISS and to offer a share swap transaction to all Georgia Aerospace shareholders.
Notice: To all Georgia Aerospace shareholders, please contact Mitchell Sepaniak at 770-420-8270 Extension 2382 to arrange a share swap transaction for CSHC.
"This is a regretful situation but necessary. AISS is a JV corporation of CSHC and will continue to be so. We will escrow the funds for the project and proceed forward after the appointment of a new Board of Directors and Officers," stated Rufus Paul Harris, CEO.
CSHC would also like to announce the addition of Sabra Dabbs and Mitchell Sepaniak to our team of professionals.
Ms. Sabra Dabbs has been added to the Board of Directors as Corporation Secretary and Executive Vice President of Global Investments of Conversion Solutions Holding Corp. Ms. Dabbs is active in global asset management, investments, finance, business development and development of corporate infrastructure. Her experience includes more than twenty years in management; nine years of finance, mergers, and acquisitions; and five years in international business development and negotiations at the highest levels. She has first hand experience in emerging markets in the Far East, Latin America, and the Eastern Europe. Ms. Dabbs' business career has included ownership of several companies within the United States and internationally, covering a spectrum of interests within Corporate Management, Financial Advisory, Project Funding and Information Technology.
Mr. Mitchell Sepaniak has over 25 years of experience at the Executive management level with WebMD, ADP, National Data Corporation, Ciba, and Bausch & Lomb. Most recently, he was the CEO of Weida Corporation.
"Mitchell brings to CSHC experience in creating strategies and managing multi-national companies, a rich leadership background in blue chip, mid-size and start up firms. His success in building companies, products, and brands, through organic and business development means will greatly enhance our success with each investment project," stated Sabra Dabbs, EVP.
"Ms. Dabbs and Mr. Sepaniak are a wonderful addition to our team. Their abilities to resolve issues in an expedient manner is nothing short of amazing," stated Rufus Paul Harris.
About Conversion Solutions Holdings Corp
CSHC is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHC'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. CSHC is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at CVSU.US (http://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
© 2006 PRNewswire
CramptonMotorsports
09-26-2006, 05:52 PM
another 8k filed today adding another bond in the amount of 5 billion euro's!!
wowzers
CramptonMotorsports
09-27-2006, 01:09 PM
2 pr's today, about the bond, and 4 major banks involvled with CSHD
breaking out, HOD now at 1.38!
CramptonMotorsports
09-27-2006, 01:10 PM
Conversion Solutions Announces 5 Billion Euro Addition to Asset Management Portfolio
Wednesday September 27, 9:12 am ET
KENNESAW, Ga., Sept. 27 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), 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 CVSU.US (http://www.cvsu.us).
SIC Number: 6719
Industry: Conglomerates
Transfer Agent: Integrity Stock Transfer
CIK: 757563
Source: Conversion Solutions Holdings Corp
CramptonMotorsports
09-27-2006, 01:12 PM
Conversion Solutions Announce the Completion of the Banking Platform for Our Global, Sovereign and Institutional Investors
Wednesday September 27, 10:12 am ET
KENNESAW, Ga., Sept. 27 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), a Delaware Corporation updated shareholders.
The corporation has obtained contracts from the following banks Deutche Bank, ABN Amro Bank, Dresdner Bank and Kommerce Bank. The mentioned banks will be the foundation for our project funding platform.
"This announcement is the first of explanations on CSHD's operations, which will help most investors to understand our business model and activities," stated Rufus Paul Harris CEO.
The corporation also announces the filing of a civil action in The Superior Court of Bartow County State of Georgia against Dr. Thomas Mensah and Georgia Aerospace (Civil Action Number 06-CV-2648). The Corporation will update the shareholders on the action as information is processed and assimilated.
Documentation on Conversion Solutions Holdings Corp can be located at GSCCCA.org - Georgia Superior Court Clerks' Cooperative Authority (http://www.gsccca.org) to include the Georgia Aerospace Joint Venture agreement along with all Global Funding agreements with investors.
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 CVSU.US (http://www.cvsu.us).
SIC Number: 6719
Industry: Conglomerates
Transfer Agent: Integrity Stock Transfer
CIK: 757563
Source: Conversion Solutions Holdings Corp
CramptonMotorsports
09-27-2006, 01:22 PM
1.50
forget da moooon
lets go to mars!
CramptonMotorsports
09-27-2006, 02:40 PM
1.70 new 52wk high!
CramptonMotorsports
09-27-2006, 03:04 PM
1.80 HOD the $2 was a fat finger
1.75 close
very nice, now lets get the 10k and really move.
CramptonMotorsports
09-28-2006, 08:43 AM
$2.05!!!
word
CramptonMotorsports
09-28-2006, 08:50 AM
can i get a $2.15?
CramptonMotorsports
09-28-2006, 10:46 AM
ok fine $2.25
CramptonMotorsports
09-28-2006, 11:13 AM
or ... $2.80 anyone?
CramptonMotorsports
09-28-2006, 11:23 AM
$3.10 incredible
i hope some of you put $100 into this back around $1
psychojerm
09-28-2006, 11:59 AM
I've got a small (and I mean small) position in this from 1.02. short squeeze plays are all over the place.
loving my AWYB from .084 as well....
CramptonMotorsports
09-28-2006, 05:38 PM
wow I'm glad I had to repo some cars today, i would have tried to flip and probably would have lost my trying to buy back in.
mn1 needs to be investigated, can't believe anyone actually listens to them anymore.
CramptonMotorsports
09-29-2006, 08:50 AM
$3.75 !!!!
CramptonMotorsports
09-29-2006, 04:50 PM
that took everything NOT to sell or flip today. hearing scotty wasn't allowing buys helped.
10k etension filed, 8k filed with re audited FHAL financials, assets of FHAL at $830,000,000 giving us a book value of $7. Now we just need that 10k with CSHD's financials, placing book value at????
really glad I didn't sell.
CHAZOWEN
09-30-2006, 11:14 AM
that took everything NOT to sell or flip today. hearing scotty wasn't allowing buys helped.
10k etension filed, 8k filed with re audited FHAL financials, assets of FHAL at $830,000,000 giving us a book value of $7. Now we just need that 10k with CSHD's financials, placing book value at????
really glad I didn't sell.
Do you still think it is worth getting involved with on Monday morning or will the boat have been missed?
JohnM.
09-30-2006, 04:56 PM
Do you still think it is worth getting involved with on Monday morning or will the boat have been missed?
You would be joining late in the game! However, this is expecting to go higher and stock profits are based more on % gains at different entry/exit points; than the amount of shares owned. I am waiting to sell my few CSHD freebies and move into a better position with SLJB.
If you are wanting "ground-floor" and are willing to maybe wait for a rise, look at PHBT, they have patented product which will help insure them a good piece of their market!:wave:
CHAZOWEN
09-30-2006, 10:20 PM
You would be joining late in the game! However, this is expecting to go higher and stock profits are based more on % gains at different entry/exit points; than the amount of shares owned. I am waiting to sell my few CSHD freebies and move into a better position with SLJB.
If you are wanting "ground-floor" and are willing to maybe wait for a rise, look at PHBT, they have patented product which will help insure them a good piece of their market!:wave:
Thank you John.I am over here in England but am more and more interested in American stocks.
Cheers.
Chazowen.
CramptonMotorsports
10-03-2006, 08:29 AM
congressional committee's watching this
10k out when they receive something from the SEC... possible TRUE owner list
"going to ELIMINTATE shorts, not just squeeze"
this is one hell of a movie in the making.
CramptonMotorsports
10-03-2006, 09:20 AM
oh yeah, subpennyradio.com is replaying the interview on loop from last night.
in case ya missed it.
CramptonMotorsports
10-03-2006, 11:29 AM
contract between Conversion Solutions and GA/AISS has been posted.
and they drop it, buys way above ask, still drop it.
someone's gonna be out alot of money when this is all said and done.
hopefully not me.
CramptonMotorsports
10-03-2006, 03:59 PM
those who did DD on the beginning of all of this prepare to have your minds BLOWN!!!
Conversion Solutions is going to fund the Amazon deal, with guess who as CEO of duh duh daahhhhh!!!!!!!!
Press Release Source: Ecowood, LTD.
Ecowood, LTD. announces change in management and stock structure.
Monday October 03, 10:12 am ET
Lake Dallas, TX. --(PR NEWSWIRE)—Oct 03, 2006—Ecowood, LTD. a lake Dallas based company announces the addition of Michael Alexander as the Chief Executive Officer, President and Chairman of the Board. Mr. Alexander has also become the majority shareholder of Ecowood, LTD.
“I look forward to the challenges during this rapid growth process and any the future may hold for this company” says Michael Alexander.
Mr. Alexander has purchased the majority interest in the company and will leave most management in their current positions. This purchase includes Ecowoods non-profit sister company Rainforest Preservation Foundation known in Brazil as Fundamazon Fundacao De Preservacao Da Floresta Amazonica, which actually holds the license with the Brazilian Government.
“This purchase comes with unbelievable assets including but not limited to hundreds of thousands hectares of standing rain forest timber to manage, a major titanium deposit, clear title to all the logs at the bottom of the Amazon River and it’s tributaries, and carbon credits. We will utilize all resources at our disposal to begin the monumental task of rebuilding and replanting the lost Amazon Rain Forest.” Says Alexander
Mr. Alexander has received independent values on the logs from an outside source, which put current market value approx. $ 75,000,000,000.00 USD. The carbon credits current value are approx. $ 4,000,000,000,000.00 USD. The current value of the titanium is yet to be determined do to the unknown sizes of the deposit.
“We have begun negotiating with Conversion Solutions Holdings Corp (OTCBB: CSHD) for the management of our assets to make the most of this opportunity. We would be especially interested in hearing from environmentally friendly organizations and/or advocates including but not limited to Bill Gates (MSFT), former President Bill Clinton and Vice President Al Gore and Leonardo Di Caprio to name a few. These individuals and their organizations have like minded goals with our management for the environment.” Says Alexander
About Ecowood, LTD:
Ecowood, LTD. is a privately held Lake Dallas based for-profit company with the only known license to remove logs from the Amazon River system. In addition to this license, Ecowood, and its affiliated organizations have title to Amazon Rain Forest standing timber, a Titanium deposit and Carbon Credits.
This release should not be construed as a solicitation for funds in any manner.
Contact:
Ecowood, LTD.
507 Main Street Suite A
Lake Dallas, TX 75065
(940) 321-1075
info*fundamazon.com
Source: Ecowood, LTD.
CramptonMotorsports
10-03-2006, 06:45 PM
Here's the official PR. that one was from another msg board, not sure how they got the dates wrong, the one I pulled from yahoo finance is correct.
Ecowood, LTD. Announces Change in Management and Stock Structure
Tuesday October 3, 4:50 pm ET
LAKE DALLAS, Texas, Oct. 3 /PRNewswire-FirstCall/ -- Ecowood, LTD., a Lake Dallas-based company via Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), announces the addition of Michael Alexander as the Chief Executive Officer, President and Chairman of the Board. Mr. Alexander has also become the majority shareholder of Ecowood, LTD.
"I look forward to the challenges during this rapid growth process," says Michael Alexander.
Mr. Alexander has purchased the majority interest in the company and will leave most management in their current positions. This purchase includes Ecowoods' non-profit sister company, Rainforest Preservation Foundation, known in Brazil as Fundamazon Fundacao De Preservacao Da Floresta Amazonica, which actually holds the license with the Brazilian Government.
"This purchase comes with unbelievable assets, to include, standing rainforest timber management, a major titanium deposit, clear title to all the logs at the bottom of the Amazon River and its tributaries, with carbon credits. We will utilize all resources at our disposal to begin the monumental task of rebuilding and replanting the lost Amazon Rain Forest," says Alexander.
Mr. Alexander has received independent values on the logs from an outside source, which put current market value approx. $75 billion USD. The carbon credits current value are approx. $4 trillion USD. The current value of the titanium is yet to be determined do to the unknown sizes of the deposit.
"We have begun negotiating with Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News) for the management of our assets to make the most of this opportunity. We would also like to hear from anyone else interested in joint ventures or partnerships. We would be especially interested in hearing from environmentally friendly organizations and/or advocates including but not limited to Bill Gates (MSFT), former President Bill Clinton and Vice President Al Gore and Leonardo Di Caprio to name a few. These individuals and their organizations have like minded goals with our management for the environment," says Alexander.
About Ecowood, LTD.
Ecowood, LTD. is a privately held Lake Dallas-based for-profit company with the only known license to remove logs from the Amazon River system. In addition to this license, Ecowood, and its affiliated organizations have title to Amazon Rain Forest standing timber, a Titanium deposit and Carbon Credits.
This release should not be construed as a solicitation for funds in any manner.
Source: Ecowood, LTD.
CramptonMotorsports
10-10-2006, 11:11 AM
nice turnaround today, clock is ticking on the 10k
i told my dad to buy 100 shares... he goes and buys 1000... parents
CramptonMotorsports
10-16-2006, 12:33 PM
today is do or die
CramptonMotorsports
10-16-2006, 02:18 PM
10k out!!!!
Price Reset at $15 PPS on 10/30!!!!!!
CramptonMotorsports
10-16-2006, 02:42 PM
hrmmm... there is some confusion about the $15pps going on by the bashers right now, obviously they had to find something to pick apart, even though they've been claiming we wouldn't even get the 10k.
Need some more time to read and re read this, but it looks like they will bump shareholders share value to equal $15/share. And would be free trading, not restricted, so it's not a divy or split, but common shares from the company, but the bashers are screaming dilution, which isn't the case.
waiting for PR's and the 10q should be out shortly, hopefully this will be over $15 by the 30th.
Also from the 10k
The Company's plan of operations for the remainder of 2006 is to raise capital against its asset base and develop its’ role in the niche market for securities offerings using asset based funding techniques. This entails the development of the CSHD business model. CSHD intends to list its stock on the NASD. To this end, CSHD is in discussion with various market makers to engage in a firm underwriting using a syndicated market distribution approach. Moreover, CSHD intends to set up a captive insurance operation through its’ insurance liaison with Lloyds affiliations, who are members of the CSHD team. CSHD intends to write policies to cover its loans, when applicable and secure the proper re-insurance for underwritten loans through the London reinsurance markets and other applicable markets. CSHD has made arrangements to secure primary
insurance against loan loss through the London insurance market and others and has several reinsures available for the underwriting of such insurance through its captive. CSHD is setting up to operate an ABS management company in manage its portfolio. CSHD intends to operate its business and apply for a company rating from Fitch rating service. As CSHD’s public target will have been a corporate entity for more than five (5) years with more than 3 years of operating history, it will qualify for submission to Fitch Rating Service for a company rating. Such a rating will be beneficial in Europe and the US.
BRING ON THE NAZ!!!!
CramptonMotorsports
10-16-2006, 09:16 PM
BOOOOOOOOM!
Conversion Solutions Holdings Files 10-KSB, Annual Report
Monday October 16, 8:43 pm ET
KENNESAW, Ga., Oct. 16 /PRNewswire-FirstCall/ -- Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), a Delaware Corporation announces the following current events have taken place.
CVSU would like to announce that today we file our 10-KSB and a 10-KSB/A Annual Report.
The Filing highlights the company's strong growth and the large market expansion of its Asset Backed Portfolio. It also notes that the company will reveal the Assets that have been contracted since June 30, 2006, in the upcoming statements of financial results.
Net Income for the fiscal year ending of June 30, 2006 was $18,530,865.
Total Assets for the fiscal year end was $830,009,352. Total Shareholder equity for the fiscal year end was $789,508,292.
Total issued Shares as of year end was 62,489,721, given the corporation a calculated book value of $12.63 as of June 30, 2006.
With the addition of the Lehman Brothers Holdings PLC Bonds of $450,000,000 Euro ($564,092,494.32 USD as of October 16, 2006 at 7:26 pm), the Republic of Finland Sovereign Bonds of $749,000,000 Euro ($939,000,348.90 USD as of October 16, 2006 at 7:26 pm) and the Contract expansion with the Caracas Group of $5,000,000,000 USD the corporation currently has an asset portfolio of $7,292,601,135.22.
The total current issued share of the corporation after the merger as of today, October 16, 2006 close of business is 103,135,657 giving the corporation a current estimated book value of $70.71.
A typographic error in the 10-KSB under Item 5 Current Event-Driven Threshold Price Reset should have read as follows;
Current Event-Driven Threshold Price Reset
As a result of the Merger agreement between FrontHaul Group and CSHD [incorporated herein by this reference to 8-K/A Current report, item 2.01 Acc-no: 0001297077-06-000068 (34 Act)] Item 2.6 Average Closing Price Adjustment which reads a follows;
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company shall deliver written notice to the Company no later than the second (2nd) Business Day preceding the Closing Date pursuant to which the Surviving Holdings Company shall elect, in its sole discretion, to: (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price; (b) set the Average Closing Price at $15.00 and pay the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4) an amount in cash equal to $15.00 minus the Actual Average Closing Price per share of Buyer's Stock to be received by such holders of Company Shares; or (c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4).
The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 16, 2006, the issuance date of the Reset shares is October 30, 2006 10 business days from the filing of this form 10-KSB.
The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 16, 2006 (X) minus Actual Closing Price on October 16, 2006) (15 / X - X).
A 10-KSB/A was filed and accepted at 6:50PM and will show up on the Edgar System first thing tomorrow morning.
"The Threshold Price Reset means that for every share you owned as of the close of business today you will receive 6 additional share (no fractions will be issued and will be rounded down to the nearest whole) of CSHD on or around October 30, 2006. This transaction will take the total issued share number to 618,813,942 giving the corporation an estimated book value of $11.78," stated Rufus Paul Harris, Chief Executive Officer.
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.
Source: Conversion Solutions Holdings Corp
CramptonMotorsports
10-16-2006, 10:29 PM
hehe, yeah the volume will be at Zero for the next 2 weeks.
Did you not see the book value? $70, after the 6x $12!
I wonder what else is waiting for us in the very near future. One fowl swoop, terminate the shorts.
CramptonMotorsports
10-16-2006, 11:00 PM
CEO stated that the 6:1 is for shareholders that have shares as of EOD 10/16. They are a share reorginaztion distribution, not a F/S or Divy, and will be unrestricted.
But you will not receive the 6:1 if you sell the shares you have now.
Here's a quote from the now infamous "tut"... this is one wacky play, but it's a good one!
النصر لك
Listen carefully shareholders. Now you know why I said to hold tight. Now I will say it again. Hold tight because this will squeeze the shorts because they will have to deliver all FTD's so that the share dividends can be put into your accounts. Now they have no choice if everyone holds tight you could see the biggest squeeze in history. No flipping, no daytrading right now. You have no idea this is just only the beginning of things you have no idea about yet.
The cobra has struck with a furious vengenace. The shorts will never get out of this.
You are either with or without today.
You who have stood strong, yours is the victory cup to drink of.
Those who stand before me will live. Those who stand with their backs to me will surely perish.
ya KHabar befloos, bukrah yeb'a bebalash
الصمت احيانا ضروري. بعض الانبياء المزيفين عندما اتكلم كثيرا وان لم يتكلم. كل شيء سيكون علي كشف لكم وسيكون النصر لكم.
BaharainDinar
10-17-2006, 01:33 PM
17-Oct-2006
Annual Report
Item 7
Management's Discussion and Analysis of Financial Condition and Results of Operation
The Following information is provided as required by Item 303 of Regulation S-K (§ 229.303 of this chapter).
The following discussion of CSHD's financial condition and results of operations should be read in connection with CSHD's consolidated financial statements and notes thereto appearing elsewhere in this annual report. This discussion contains statements reflecting the opinions of management as well as forward-looking statements regarding the market and CSHD that involve risks and uncertainties. These statements relate to
expectations and concern matters that are historical facts. Words such as "believes", "expects", "anticipates" and similar expressions used throughout this document indicate that forward-looking statements are being made.
Although management of CSHD believes that the expectations and opinions reflected in its forward-looking statements are reasonable, these statements are not guarantees of future performance. They are subject to risks, uncertainties and other factors that could cause actual performance to differ materially from projected results. Additional risk factors are disclosed elsewhere in this annual report. The Audited Financials notes to the financials of CSHD is incorporated herein by this reference to 8-K/A [html][text] 500 KB [Amend] Current report, item 2.01 Acc-no: 0001297077-06-000068 (34 Act).
:confused: HUM
CramptonMotorsports
10-17-2006, 07:49 PM
they're just watching they're behinds, i believe all filings have something of that nature in them.
BaharainDinar
10-18-2006, 11:06 PM
What happen they change there symbol to CSHDE?
What do that mean? :confused:
CramptonMotorsports
10-20-2006, 08:25 AM
someone messed up with the due date of their filing, I thought they were on time, they think they were on time, but they're carrying the E until monday it looks like, but the PPS has maintained very nicely considering the E
the E means they were delinquent filing with the SEC.
BaharainDinar
10-25-2006, 11:01 PM
NEW YORK (Dow Jones)--The Securities and Exchange Commission has filed a complaint against Conversion Solutions Holdings Corp. (CSHD) and chief executive Rufus Harris.
The SEC said in a complaint filed Tuesday in the U.S. District Court for the Northern District of Georgia, Atlanta Division, that the company made false and misleading statements in press releases and financial reports filed with the commission.
The SEC temporarily halted trading in Conversion Solutions stock because of questions about the accuracy of the company's press releases on Tuesday. Trading is scheduled to resume on Nov. 7.
The commission said in its complaint that Harris knew that statements made by Conversion Solutions were "false, misleading or recklessly disregarded the danger that they were."
Among false claims made by the Over-The-Counter company was the claim that it owns or controls the entirety of two separate Venezuelan bond issues with face values of EUR5 billion and $500 million, the SEC said in the complaint.
Conversion Solutions stock skyrocketed to a high of $4 a share on Sept. 28 with a trading volume of more than 14 million shares. The company had announced its acquisition of the euro-denominated Venezuelan bond in a press release on Sept. 27. On Sept. 28, the company said in another release that it planned to list on the Nasdaq stock exchange.
The SEC said in its complaint that 8K filings and an annual report filed by Conversion Solutions in September and October "fraudulently overstated Conversion's assets."
According to the complaint, Conversion Solutions doesn't own or manage as an asset the entire euro-denominated bond issuance identified in its press release and 8K filing. In fact, the company wrongly stated the amount of Venezuelan euro-denominated bond outstanding as EUR5 billion when there is only EUR700 million outstanding.
Conversion Solutions also misled investors about its ownership of $500 million in Venezuelan bonds, according to the SEC.
Conversion Solutions and Harris "directly and indirectly employed devices, schemes or artifices to defraud; made untrue statements of material facts or omitted to state material facts necessary in order to make the statements made," the SEC said in its complaint.
The SEC asked the court to issue restraining orders enjoining Conversion Solutions and Harris from violating securities laws. The SEC also asked the court to order them to disgorge ill-gotten gains.
Harris wasn't immediately available for comment.
Conversion Solutions stock rose from mere cents in early July to a high of $4 on Sept. 28. The stock closed at $1.87 a share on Oct. 20 before being halted by the SEC.
CramptonMotorsports
10-26-2006, 01:34 AM
well, we're all in the dark on whats actually going on, unless someone can get into the courtroom or get some transcripts.
but hey, i've got my shares, and well... we'll see what happens, I'm making so much damn money right now working on racecars I don't care about any possible losses in cshd.
... talk to me in a couple months if I run out of money.
... whats up with that dinar stuff? we are getting ready to redo a bathroom, no better place to glue it on the walls.
high risk investments kick BUTT!! 5...4...3...2...1... edit & PM our mods rule! seriously ya do.
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