posted
Yep..he did? My question should have been...Why file it before his investigation was complete? Why not wait until after the meeting with Stanley?
quote:Originally posted by voyager1951: Because Mashburn filed declaration on Oct. 6. Can't predict the 11th.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
Exhibit Q and a handful of other documents are on Pacer. the Digital Island links that Rufus is referncing are not complete. Exhibit Q I believe is the Declaration from the Vice President of MFR who describes how he manages 38% of the bond with the CUSIP listed in Rufus's PR.
Rufus stated last night that a large $500 million portion of that bond is not visible by Bloomburg because it is not public or traded publicly. The Vice President's declaration is not a lie, just was asked the wrong question by an incompetent investigator.
He should not have been talking to a proclaimed bond owner, until after he talked to Bloomburg management and found out if that was the correct bond issue or the complete bond issue.
Honestly this is the weakest case I have ever witnessed and I watch Boston Legal!
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posted
Unfortunately, this is like a grand jury. For the most part, only prosecution evidence is brought before the judge. If the SEC can show just one iota of mispropiety, then the judge will issue the TRO, suspend and ask the defendant to submit documents to refute the appearance of any wrong doing. Not knowing what is going on behind the scenes, the judge must act in this manner to protect all concerned. It would be like letting a suspected pedafile walk the streets until all the facts are in.
To bad we can't be like Mark Foley and start this story from the back of the page -- er I mean book.
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posted
I said it was weak the other day also..I am just confused/concerned as to why most of this is not complete...why submit the declaration before an investigation has been completed? Is there another declaration from this individual on Pacer? Did they ever meet with Stanley on the 11th or any other day? Did they view the docs that Stanley said they could look at but he would not fax them?
And I agree if you watch Boston Legal then one would know all the ins and outs!..
quote:Originally posted by TaxBack04: Exhibit Q and a handful of other documents are on Pacer. the Digital Island links that Rufus is referncing are not complete. Exhibit Q I believe is the Declaration from the Vice President of MFR who describes how he manages 38% of the bond with the CUSIP listed in Rufus's PR.
Rufus stated last night that a large $500 million portion of that bond is not visible by Bloomburg because it is not public or traded publicly. The Vice President's declaration is not a lie, just was asked the wrong question by an incompetent investigator.
He should not have been talking to a proclaimed bond owner, until after he talked to Bloomburg management and found out if that was the correct bond issue or the complete bond issue.
Honestly this is the weakest case I have ever witnessed and I watch Boston Legal!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
Remember, the initial evidence from the SEC before the judge only has to be circumstantial in nature to cause what has occured. The SEC doesn't have to disclose all of its evidence at this time. In the order the SEC can take additional depositions and request all kinds of documents before the hearing and the company must respond within three days.
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quote:Originally posted by Doniboy: I just watched the King of Queens episode where they bought a stock. It was hilarious. They bought at $6, rode it to $12, then back down to $4 where they panicked and sold. It then ran to $16 so they bought it back. It then ran down to $2.00. They decided it couldn't go lower so they borrowed against their credit cards. The CEO then went to jail and the stock dumped..LOL.
posted
Let me introduce myself. You can call me vger (for --all you trekkie fans -- the original and not TNG). I am a quadraplegic who sits all day on a computer and I travel to chatrooms -- hence voyager. I have purchased this stock and if I could bite my nails, I would. I rarely sign-up for chat, but since I felt this was a good group, I registered. I hope you don't mind.
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posted
Posted at H S M, some are taking this to the next level and is appreciated...
Originally Posted by HititUP: I JUST TALKED FOR AN HOUR WITH THE FBI.
TOLD THEM EVERYTHING AND GAVE THEM EVERY SINGLE LINK THERE EXSISTS.
THEY ARE VERY INTERESTED IN THE SEC HANDLING THIS CASE AND OURSTREETS INVOLVMENT AFTER I SHOWED THEM HIS HISTORY AND THE COMMENTS HE MADE LAST NIGHT.
GAVE THEM ALL THE NAMES, NUMBERS, LINKS, EXTENSIONS AND PEOPLE AND DOCUMENTS THEY NEED TO CONTACT. OHH MAN IM PUMPED. IT'S GONNA BE GOOD.
Originally Posted by HititUP It was mostly me talking but he did ask me to spell out each name and email or link I provided so judging by his pause I know he was wrighting it down.
The majority of the time I was talking as slowly and as clearly as I could because there is just so much going on between the bonds, filings, actions, dates, people involved that I didn't want to make them confused by some guy talking about a stock in Federal Court.
I made it a clear on every point.
I told them what the SEC is doing is fraud.
Man, I just told them everything basically as clearly as I could.
He thanked me, took my number, address and that's about it.
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. They own a portion via coupon. Bank holds the bond and is the "owner" of the capital. It was originated via broker by Caracas Group (a.k.a. the guys with the oil money).
In finance, coupons are "attached" to bonds, either physically (as with old bonds) or electronically. Each coupon represents a predetermined payment promised to the bond-holder in return for his or her loan of money to the bond-issuer. The bond-holder is typically not the original lender, but receives this payment for effectively lending the money. The coupon rate (the amount promised per dollar of the face value of the bond) helps determine the interest rate or yield on 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. I am compiling a list of links... media and politics for the first page... please PM me with any of them. I'll set it up so that you can cut and paste into your e-mail send... one click and WHAM... 100 plus letters to all contacts. Start composing your personal letter now. The more we can get to the contacts by Monday morning, the better.
posted
If it helps I sent my letters around the 20-21st of September...soo look for that time frame on the threads...
quote:Originally posted by a surfer: Glasssman, Do you remember the time frame of when we made the previous list of who to send our concerns on the naked shorts.
BB made a list. I can't seem to find the thread.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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Hitting all these emails with the same subject line will show strength in numbers. I've included both gov’t officials and orgs, and also primary newspapers.
Here is a "default" letter you can use if you don't want to write your own:
To whom it may concern,
Please direct your attention to the current status of Conversion Solutions Holdings Corp. (CSHD), which is under investigation by the SEC. I and many others believe CSHD and its CEO Rufus Paul Harris are the victim of egregious ethical and legal violations perpetrated by various groups involved in the stock market. This includes the SEC itself and individuals currently involved in the investigation.
Please provide sufficient oversight of this matter to ensure that the investigation of Mr. Harris and his company is conducted in a proper and unbiased manner, accountable only to ethical standards and to the rule of law and not to the interests of outside entities.
Johnny Isakson http://isakson.senate.gov/contact.cfm CONTACT INFORMATION D.C OFFICE 120 Russell Senate Office Building Washington, DC 20510 (202) 224-3643 Fax: (202) 228-0724
GEORGIA OFFICE One Overton Park 3625 Cumberland Boulevard Suite 970 Atlanta, GA 30339 (770) 661-0999 Fax: (770) 661-0768
posted
So I know we are trying to get the word out, and I see this list above (forgive me, I just signed on briefly) - but are there certain ones that are more important than others? I sent an e-mail to my rep., and a formal letter to each of my state senators....just wondering who can do the most good in the shortest amount of time?
Also, we may want to include the date and time of the hearing - that way they realize it is time-sensitive...IMHO
-------------------- Study before you buy, Sell before you think about it....
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quote: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.
accepting this at face value, how long would it take for "Joe" at SEC to phone "Bill" at Treasury?
Joe: Hey, man, long time no see...kids OK?
Bill: Oh, yeah, 'cept that creep is still hanging 'round my oldest girl...
Joe: Man, that sux... these goofy kids, huh?
Say, I need access to that Euroclear thingee--some geek play the boss sic'ed me on...
Bill: OK, what's your e-mail again?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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