posted
IMO...most all the info gets through to this board..and get's posted and DD'd at a much faster pace than the other boards...there are tons of them out there.. BUT allstocks seems to be the most accurate... not loaded with heavy pumpers (being in a stock is not pumping..."yelling" buy buy with no reason is pumping) and very few "bashers"..(those that simply post nonsence...with out facts) we take the info..good or bad and DD to come to, a hopefully educated and informed conclusion.
good luck to you!
quote:Originally posted by Ett3Forever: Yeah I H U B was petrifying. Those individuals we ridiculous. No valuable info was tossed around there (at least that i could see).
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
OK, I just read that complaint and now I am worried again. Sounds to me like they think that they have proof. Even if its a simple disagreement about some ASPECT of the bonds, the SEC could still say that Rufus was misleading and halt this forever.
Man this is nervewracking
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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quote:Originally posted by Ett3Forever: Not a pain at all. Interestingly enough, i found it interesting that most of the information that i followed and the conclusions i personally came too about what was happening was identical to whats being said here. I will do whatever possible to contribute as activaly as possible to the current discussions, along with other DD outside the conversations that occur here.
WELCOME TO ALLSTOCKS
Posts: 4112 | Registered: Jun 2006
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quote:Originally posted by Doniboy: OK, I just read that complaint and now I am worried again. Sounds to me like they think that they have proof. Even if its a simple disagreement about some ASPECT of the bonds, the SEC could still say that Rufus was misleading and halt this forever.
Man this is nervewracking
PROOF of ownership was the question...
Rufus gave them what they wanted, now they check it...
"What's to worry about?" Really... We see them, none of his people seem "shady"
-I'm not worried at all...
But I hear you, it looks all offical ~ But remember RUFUS WANTED this according to last night.
quote:Originally posted by Doniboy: OK, I just read that complaint and now I am worried again. Sounds to me like they think that they have proof. Even if its a simple disagreement about some ASPECT of the bonds, the SEC could still say that Rufus was misleading and halt this forever.
Man this is nervewracking
The question I have is this Legit or not??
Posts: 6410 | Registered: Jul 2006
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posted
Doniboy -- you have a right to be worried. I just printed and read all of the material and documentation. Only a fool would attempt to fight this w/o an attorney. A person who represents himself has a fool for a client. Now, I think the stockholders need a definite verification of today's court appearance, not hearsay, to see if he is a man of his word.
Posts: 106 | Registered: Oct 2006
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posted
Bull...wish I understood the bonds and how they worked...BUT Rufus has been saying that "no one" can get the info that is required...for "ownership"...he claims to be taking needed info to the SEC that will disproove what this man is claiming...but again...I don't understand how it works...maybe they purchase in a different name? Don't even know where to begin to look into it...hopin' that what ever info Rufus gave the court this am will become public..and then we can DD more..
quote:Originally posted by BULListic: Well, I'm long into Rufus and the plan, but this is the part that is disturbing, assuming you buy into that the guy knows what he's talking about.
posted
Sorry, I was at lunch for about an hour, but I have sent the document to anyone that requested it. Only had problems with two, and those I responded to via PM...
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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I just read most of this as well and have limited back ground with legal filings . I can tell you this , Rufus did not request this . The SEC has been investigating this for a while and feels like they have a case now to go foward with . At this point , its a civil matter but could escilate into a criminal matter if Rufus cannot back up his claims .
And I agree , only a fool would show up to face this thing with a lawyer thats specialized in this type of case .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
I don't think that Rufus ever claimed to request it..he said he hoped they would...AND? he wanted to present the info to the judge...not before...wanted it hand delivered...
quote:Originally posted by thesource: I just read most of this as well and have limited back ground with legal filings . I can tell you this , Rufus did not request this . The SEC has been investigating this for a while and feels like they have a case now to go foward with . At this point , its a civil matter but could escilate into a criminal matter if Rufus cannot back up his claims .
And I agree , only a fool would show up to face this thing with a lawyer thats specialized in this type of case .
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
He is the one that requested all this be brought to court...all they(SEC) asked for(according to Rufus' interview last night) was a letter stating that he would not break any SEC regs...
He requested they go to court so everything would be formal and transparent...so we the shareholders could see everything...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
This morning was not the full on hearing. It was a formal releasing of info from one party to the next. Just a formality
Posts: 6410 | Registered: Jul 2006
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posted
10, that's the biggest unknown, the BONDS are the most mysterious of a long list of unknowns. I'm an Accountant by day and all by pea brain can tell me is if other people own a portion of something, that means that someone else (Ruffie & Co.) don't own ALL of them...and if Conversion can't be found as even a bit owner on them, then even worse. That said, I still have my "Rufus for President" shirt on and am either going to be semi-wealthy or totally busted...not that we have much of an option at this moment.
quote:Originally posted by 10of13: Bull...wish I understood the bonds and how they worked...BUT Rufus has been saying that "no one" can get the info that is required...for "ownership"...he claims to be taking needed info to the SEC that will disproove what this man is claiming...but again...I don't understand how it works...maybe they purchase in a different name? Don't even know where to begin to look into it...hopin' that what ever info Rufus gave the court this am will become public..and then we can DD more..
quote:Originally posted by BULListic: Well, I'm long into Rufus and the plan, but this is the part that is disturbing, assuming you buy into that the guy knows what he's talking about.
quote:Originally posted by CRab: He is the one that requested all this be brought to court...all they(SEC) asked for(according to Rufus' interview last night) was a letter stating that he would not break any SEC regs...
He requested they go to court so everything would be formal and transparent...so we the shareholders could see everything...
Yeah thats what I read as well but think its bull$hit . These are serious charges brought up in Federal court . I believe this would have happened with or without Rufus's request for it to go to court .
I'm long in this but must admit , this looks very , very bad right now . I cannot see what the SEC would have to gain by filing this in a Federal court if they did not think it had merit .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
I've also read over these documents and I'm not feeling quite as good either. Call me a fair weather shareholder, but there are some huge allegations in these. I was first under the impression that the SEC was just looking into this, but from these documents, they are accusing Rufus of some blatant fraud. I guess they still have to prove it, but it seems more like Rufus has to prove it isn't true.
One other thing...I can't believe the SEC guy used Bloomberg to do all of his research. You would think the SEC would have better ways to find their info.
I sure hope Rufus still has those aces up his sleeves. It seems like the SEC is ready to dance!
Posts: 1028 | From: Georgia | Registered: Jul 2005
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quote:Originally posted by Doniboy: OK, I just read that complaint and now I am worried again. Sounds to me like they think that they have proof. Even if its a simple disagreement about some ASPECT of the bonds, the SEC could still say that Rufus was misleading and halt this forever.
Man this is nervewracking
The question I have is this Legit or not??
looks legit, its dated the 23rd, so i guess today is when rufus defended cshd. the part that bothers me is that it says "it wasnt a 5 billion bond it was actually a 700 mill bond" wha wha whatttt?
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
I would guess everyone has had a chance to look at the complaint that I forwarded to, or that new2 originally sent the doc to....
I am still cautiously optimistic because I agree that Rufus would have been fleeing the country if he were intentionally committing fraud. The company itself is still behaving like David against Goliath, and that too is good.
BUT, that complaint bothered me. The SEC made lots of charges, and actually requested that Rufus not be allowed to act as an officer of a publicly traded company anymore. IMHO, the SEC does not step up to the plate and request an action like that unless they have proof something is gonna go their way. Just look at the suspension list alone....they don't do it every day.
I'm still long, and if it started trading 5 minutes from now, I still wouldn't sell...the concern is there though.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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