Conversion Solutions Holdings Corp.- FORM 8-K November 2, 2006
Item 5.01 - Change in Control of Registrant
On November 1, 2006 a special emergency meeting of the Company’s shareholders that represent 51+% of the eligible voting shares of the Company was held and determined that it is in the best interest of the Company’s shareholders that new directors be appointed to take control of the Company in lieu of the present board and management’s violation of certain provisions of the Merger Agreement including, but not limited to, Sections 2, Section 4, and Section 6 of the subject merger agreement. Specifically, the new Officers and Directors have caused the Company to be subjected to investigations by the Securities and Exchange Commission for filing erroneous financial statements thereby causing a halt in the trading of the Company Stock. They have published misleading and questionable press releases and other communications to shareholders and the general public and they have failed to file proper documents and amendments with the Delaware Secretary of State relative to the Company’s Articles of Incorporation..
sec.gov
Conversion Solutions Holdings Corp Updates Shareholders
Tuesday November 14, 10:41 PM EST
Current Events
Conversion Solutions Holdings Corp (CSHD), a Delaware Corporation, announces the following current events have taken place.
As of 8:38 p.m. on November 14, 2006, Mike Alexander has resigned as director and Chief Executive Officer and Randy Moseley has resigned as Chief Financial Officer of Conversion Solutions Holdings Corp (CSHD).
Mike Alexander says that, "I have spent the last couple weeks reviewing the records of Conversion Solutions Holdings Corp (CSHD) and have come to the conclusion that for the Company's assets to be monetized, the Conversion Solutions management group located in Georgia has the background and relationships in the bond market, with the particular bond assets claimed as assets by the Company, to implement the company's business plan. I, and all of the shareholders, wish the group in Georgia the best of luck in the development of the Company and the shareholders' value. Mr. Harris has agreed to assume his previous management and board position and will be making announcements in the near future. He can be reached at (678) 758-3010."
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 Info:
Rufus Paul Harris
Email Contact
(678) 758-3010 |
