quote:Originally posted by djg7: It looks like the SEC has tunnel vision concerning this matter and will not go outside the paramters of the U.S. The question is will the SEC choose to ignore the international financial institutions and look like a fool?
I vote for the "FOOL" thing myself.....
Just seems to me that some big money is pullin out every dirty trick to put a wrench in the gearbox on this thing..... That includes involving a few SEC Bigwigs that are IN MY opinion ,,,,, on the payrole.... One thing for sure.... Before this is done, we will have a Fall Guy, and the real culprets will never be found... ME THINKS>>
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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quote:Originally posted by 66inxs: hang in there with us taxback ! keep your imput coming in. it aien't over till it's over !!!
You are right it is not over but I am not fighting with bashers anymore on wether this is a scam or not. I will monitor Pacer and hope for the best.
One of the best and honest comments I heard last night was, "I may go to jail on the 7th, but I know one thing for sure. It will not be because of the bonds."
I am long in this and I will be here till the very end at this point. I am not going to fight with neysayers, or realists anymore. I know this is, and was a risk from the very beginning, I know everything sounds strange and "too good to be true." I ninty nine times out of a hundred follow good disipline and have a fixed trading plan I do not deviate from, but this time it is different. This time I have heard a CEO answer hundreds of questions in multiple broadcasts, and do so with complete honesty. I have never been in that position on a security before. If he was lying, then he is an enigma, and freak of nature. Because no one, and I mean no one can keep the B.S. up that long, and not falter, not studder, and answer in even tones and no backtracking.
I would bet my last dollar on his telling the truth, at least to the point that he honestly believes it is the truth. (This is different than saying I would invest my last dollar in his company. Don't read things into that statement.)
The man is open, has explained his case to me more than once, and I am now and even if he is convicted of some rule breaking, a true believer in everything he has said.
The DD does not lie, the CEO does not lie, and unfortunately that only leaves the ney-sayers, bashers, shorts, brokers, NASD and SEC... Sounds stupid, I know, but I have to say I don't believe them at this point.
Caracus group with all it's foriegn dignataries flying in on Friday for Deposition! Ha! One of them can't get a Visa, but will be here if the DOJ can get him one. HA HA!! SEC has them fired up, they are ready to get over here and defend this deal! HA HA HA!!!
Mark my words... the SEC Enforcement Division has a fight comming, and we the shareholders are going to get paid regardless of what happens on the 7th. Write your Congress man or woman, i know I will be.
TB
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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It was intresting how Rufus laughed at the question by Portman on not cashing in the bonds interest receivable. He knows that in turn will create more interest on the bonds. My understanding is that in turn this will increase further credit lines with the institutions holding the bonds, and also help bring in more funding for JVs and SUBS
-------------------- 'The rewards for those that persevere, far exceed the pain that must proceed the victory!' Posts: 399 | From: leeds, england | Registered: Jul 2006
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"Caracus group with all it's foriegn dignataries flying in on Friday for Deposition! Ha! One of them can't get a Visa, but will be here if the DOJ can get him one. HA HA!! SEC has them fired up, they are ready to get over here and defend this deal! HA HA HA!!!"
is one of many reasons why I'd like to be there on the 7th. Flying into Atlanta is cheap - so, I'm contemplating it - my wife may think I'm crazy - but . . .
Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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quote:Originally posted by Jenna: Hey Dog- thanks for explaining the bonds in detail...no wonder Rufus gets frustrated, people are talking about something they no nothing about...I'm glad you are emailing that to the judge....make sure you mention that its not fair for the SEC to just dismiss it as a scam without even doing any due diligience..Thanx again dog..
As far as Tax goes, I don't think he's leaving because he gives up, quite the opposite, he's satisfied with this company & has no doubt that it's everything it claims to be....he just knows that there's nothing we can do about it until Nov. 7th, quite frankly Tax made me feel better with that post, if he's confident in this company that makes me feel more confident because Tax ain't no dummy!! Sorry, if I was speaking for you Tax, (especially if I was wrong.)
You had it "right on" Jenna. Except the dummy part. I maybe one. It is a hard thing to decide until after you do something stupid.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
Hey MT, i am thinking of flying in from the UK to my old home town too!
-------------------- 'The rewards for those that persevere, far exceed the pain that must proceed the victory!' Posts: 399 | From: leeds, england | Registered: Jul 2006
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posted
I know we have talked about writing letters and things of that nature before, but I think before we do anything else regarding this stock, we should all stop and write letters to each senator, and our local congressmen. There are more than enough shareholders that we should make a difference if we all do it...
For that matter, we should copy it to Grassley (or whatever his name was) from Iowa that was leading the charge on the other investigation.
WRITE THOSE LETTERS FOLKS! If we want a form letter, I will volunteer to write one to send - I've been told my writing is good, so don't fear the spelling of the girl from Alabama
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Hi, new to all this but proud shareowner. I too really liked the way Dog went through the details of the Eurobonds. Would someone else be able to walk through the other big issue that I heard last night... The ownership of the subsidiaries?
Posts: 75 | From: Rochester | Registered: Oct 2006
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posted
SherriT...here's the court date and time info:
IT IS HEREBY ORDERED that defendants show cause, if any there be, before Judge Cooper of this Court, at 9:30a.m. on the 7th day of November, 2006, in Courtroom 1701 of the United States Courthouse, Richard B . Russell Federal Building, 75 Spring St ., S.W., Atlanta, GA 30303-3361
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
OK so how do you know Jenna...mom, sister, cousin, other?
quote:Originally posted by highhopes: Hi, new to all this but proud shareowner. I too really liked the way Dog went through the details of the Eurobonds. Would someone else be able to walk through the other big issue that I heard last night... The ownership of the subsidiaries?
-------------------- One shot - One kill. Posts: 216 | Registered: Jul 2006
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posted
Tax, I'm with you 100%. I know you and I were one of the few who requested a stock cert, did you ever get it??? I recieved mine about 2 weeks ago...
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
I'm with Tax on this one. I had a similar discussion with my wife this morning about this play. I had already decided that I was sticking with this one till the end, be it positive or negative. I paid my admission fee and I'm staying for the curtain call. Why? Read what TAX said, cause I can't say it any better.
-------------------- Life isn't about what you get out of it, it's about what you put into it. Posts: 24 | From: Fort Smith, AR | Registered: Oct 2006
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quote:Originally posted by RichBy26: Tax, I'm with you 100%. I know you and I were one of the few who requested a stock cert, did you ever get it??? I recieved mine about 2 weeks ago...
The number I requested were removed from my brokerage on the day of the "E"... but no I have not recieved them by mail yet. May make a call to the TA if I don't see them soon.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
It took a while for me to get mine, but I would make that call anyway just to see whats going on. And if you do call the TA see if when CSHD issues our new shares will those with certs recieve them via our brokerage accounts or will they send us another stock cert??? I got two differnt answers when I called...
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
Ok, did rufus really say last night that he wrote the audit letter on the 10k? I'm hearing this on HSM
Posts: 28 | Registered: Oct 2006
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posted
Frank - thanks for showing me this- he is NUTS!!! Crystal Balls??????????
"But that unmasking doesn't appear to have deterred Miles, a former broker and self-professed failed public company executive, who also operates websites devoted to art auctioning and a mysterious otherworld crystal his site says has revealed to religious leaders around the world "the meaning of life.""
WELL, MILES HAS CRYSTAL ONES & RUFUS HAS BRASS ONES !!!!!!!!!!!
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by fhalyesss: Hey MT, i am thinking of flying in from the UK to my old home town too!
wow! that would be impressive. I just checked my schedule and I'll be in Arizona for training on the 6th so once I know the time of the court I'll see if I can adjust my return flight to arrive in time to Atlanta. We'll see how that works out - but considering the fact that I plan on this whole CSHD thing working out - I have to ask myself - why wouldn't I want to be there? I could tell my grandchildren how I was at the court hearing that changed history and launched the greatest company ever! Yah, I like to dream big! Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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quote:Originally posted by RyanPBF: they are also claiming rufus new the numbers for the nobo list were wrong about the 75million shorts before he released the pr.
But that was always known, more than a few shareholders complained and told rufus he would get us in trouble if he kept using the wrong numbers.
I'm interested in what he said about writing the audit letter when he couldn't get in touch with the CPA.
Posts: 28 | Registered: Oct 2006
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posted
hey, where is Chart? . . . probably a rough nite on the sauce - man, those Wisconsin people! Posts: 603 | From: Plymouth, MN | Registered: Jun 2004
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quote:Originally posted by 66inxs: even if he did write that audit letter he would be a fool to admit it publically!!!!!!!
The folks on HSM confirmed it.
I'm going to be hated for this, and everyone will certainly disagree, but Rufus is finished. Not necessarily CSHD, but I don't see any way Rufus comes out of this clean.
Admitting to forgery? Admitting to PRing the false ADP figures? He practically crucified himself last night.
Posts: 28 | Registered: Oct 2006
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quote:Originally posted by dog: http://www.euroclear.com/wps/portal
Why do we still not understand this?
Bonds are assets held in a PORTFOLIO. There are multiple designations for the total assets under a specific bond code. Thus, particular groups may own a portion of the same bond. Bloomberg terminals will show the portion traded in the U.S. interest, like the portion "held" by Fidelity, but may not show the portion held by the originator or controlling interest of the Bond portfolio.
International bonds are mainly registered in the Euroclear system. This is a highly organized international financial platform that controls the transfer of assets and securities. It allows for "movement, "trading", and transfer. It is interactive and very powerful. It is how THE WORLD moves assets.
Bloomberg terminals are for viewing the trading interest, hence if the SEC or Fidelity access their Bloomberg terminal... they can view the portion of the portfolio designated for investment trading, mainly the U.S. market. This portion is "owned", in a sense like stock, but does not always show the total bond portfolio as held by the originator or international bank that "owns" the majority of the bond. These are shown in the Euroclear system.
The Euroclear system is highly secure. Not just anyone can access it or have a code to access it's database. An institution must meet stringent financial and security qualifications to be admitted to the Euroclear system. The asset portfolio in this system holds most of the worlds assets. TRILLIONS of dollars. An institution must have an asset base of at least 200 million dollars, and gain security clearance through an exhaustive set of channels (making sure you are not a terrorist, etc.).
The SEC is not a watchdog of the Euroclear sytem or the international markets. They do not have immediate clearance to just jump on a terminal and view data. They would have to go through the US Department of Treasury to ask for access. How do you think the US Government transfers large sums of money to other countries? The answer: from the Department of Treasury through the Euroclear system to another international bank. THIS IS HIGH FINANCE on an INTERNATIONAL level. Mr. Harris gave them the screenshots of the bonds that CSHD "holds" in the Euroclear system, and even the contacts at the Department of Treasury so that the SEC could confirm this.
THEY HAVE CHOSEN NOT TO PERSUE THIS. They are afraid of finding the truth.
As far as ownership of the bonds. Do you own CSHD or any other company? You own a portion of it. Whoever has the majority of the bond, HAS CONTROLLING INTEREST. So CSHD "owns" the bond.
This company provides funding via "asset backed securities". The assets are the controlling portions of the bond portfolio that via the contracts and Euroclear codes, CSHD is shown to have. They are able to draw cash from these controlling interest via the international banking community to fund business projects for profit. Hence, they are assets.
The SEC needs to go through the proper channels to see this... or they simply don't want to. Pray that the judge will force them to comply. I am e-mailing this explanation to the judge.
Proper due diligence... and COMPREHENSION is required. Knowledge is power. CSHD is in the right.
This is my opinion based on my comprehension of the facts. Please correct me if I am wrong... but do it with some intelligent discourse.
Good luck to all.
dog
I had to break my silence....
You DOG...get the big brain of the day award. Your duct tape is on it's way.
BTW, I forgot to mention that the duct tape use is two fold. It is particularly applicable to when you attempt to talk to bashers or those with inordinately small brains. Wrap your head in duct tape so when your head explodes at least you have all the pieces.
No I did not originate that. I think the radio host Glenn Beck did.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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