To clarify...I don't think he's a bad guy from what I've read...I'm just messing around...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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This is my pic of the day! RU! Watch me storm the field after RU whoops on Louisville! I'll be the one pulling a Joe Namath on Suzy Kolber saying "Will you kiss me... I'm Rufus Harris"
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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Repo, I am gonna have a field day with you tomorrow after Louisville kicks tail tonight....Rutgers is good, but they are not gonna pull that off.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by SherriT: Repo, I am gonna have a field day with you tomorrow after Louisville kicks tail tonight....Rutgers is good, but they are not gonna pull that off.
I will be heavily hung over, so you'll probably have to wait until Monday.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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Originally Posted by analogdog REPOST... for JJ and his belief in the Fidelity affidavits.... hot tip genius... they don't own the portion that CSHD owns.
HSM Regular
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Join Date: Sep 2006 Posts: 291
Again for those who missed it. Maybe you'll learn something, or can teach me something in return.
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 original use of the word hypothecation was for a pledge of property as collateral for a debt without transfer of possession to the party making the loan. The opposite arrangement is common with modern mortgages - the bank retains legal ownership of the property until the debt is paid off, unless they assign it to another institution like CSHD. When CSHD pulls cash from the world bank financial institution backed with the asset (bond) - it has been HYPOTHECATED.
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
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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Here is some DD... -from PM... [feel free to take credit]
Is this our "Bulldog lawyer" to be?... QUINN? The one who took on Big Tobbacco and won?...
Lawsuits DTCC
The suits target illegal, naked short trading. In answering lawsuits, DTCC defends its short trading practices and denies liability for damages sought which may exceed $4 trillion dollars damage to small companies and investors nationwide. Plaintiffs attorneys allege they have discovered in excess of 1,200 hedge fund and offshore accounts funneled through over 150 broker-dealers and market makers in a joint conspiracy to fleece small and medium listed companies. The plaintiffs' trial team is lead by John O'Quinn of Houston, Texas, the nation's preeminent expert in personal injury law, who previously set the national benchmark for plaintiff recoveries in breast implant cases, tobacco industry cases, and environmental hazards. O'Quinn now purses DTCC.
quote:Originally posted by trade04: u guys are so happy it scares me....
Yeah, I have to admit...I don't know why but I got my MOJO back when it comes to CSHD....I, for some reason, think somethings gonna pop...I have to admit I was real down...but I'm flying on Kool-Aid right now & keep it comin'!!!!
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by trade04: u guys are so happy it scares me....
Why not? I have only so many days on earth, might as well be happy no matter what the world throws at me....
its one thing to be happy and another to be in denial...
valid point, but in denial over what? my guess would be you are speaking of CSHD, but no matter which way this goes, I am alive, well, and very blessed. I wouldn't mind adding rich to that synopsis, but until the fat lady sings, I'm not counting it out just yet....
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Agreed SherriT, the towel isn't thrown in yet, get comfortable with where you are at, -cause if you aren't you're going to turn into a whinner, and nobody like a whinner...
posted
I think we have all had our moments of break down over this stock....I say if you're not comfy with it, then sell. Otherwise, just sit back and go with it and don't complain. Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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posted
Full docket text for document 6: CONSENT to entry of Order imposing Preliminary Injunction and Other Relief by Rufus Paul Harris. (received in docketing 11/9/06) (vs)
Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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Join Date: Mar 2006 Posts: 8,469 CONSENT OF DEFENDANT RUFUS PAUL HARRIS 1 . Defendant Rufus Paul Harris ("Defendant" or "Harris") acknowledges service of a summons and the complaint in this action, enters a general appearance, and admits the Court's jurisdiction over Defendant and over the subject matter of this action. 2. Without admitting or denying the allegations of the complaint (except as to personal and subject matter jurisdiction, which Defendant admits), Defendant hereby consents to the entry of the Order Imposing Preliminary Injunction and Other Relief (the "{hdee"'), incorporated by reference herein, which, among other things: 2 (a) restrains and enjoins Defendant from violating Section i 0(b ) of the Securities Exchange Act of 1934 [15 U.S.C . § 78j(b)] and Rule I Ob-5 thereunder, (h) restrains and enjoins Defendant from violating Exchange Act Rule I3a-14 [17 C.F.R § 240.13a-14], (c) restrains and enjoins Defendant from aiding and abetting violations of Section 13(a) of the Exchange Act [15 J .S.C . § 78m(a)] and Rules 12b-20, I3a-1 and 13a-11 promulgated thereunder [ 1? C.F.R. §§ 24Q. lOb-S, 240.12b-20, 244.1 3a-1 and 240.13a-I 11; and (b) orders Defendant to preserve documents and provides for expedited discovery. 3. Defendant waives the entry of findings of fact and conclusions of law pursuant to Rule 52 of the Federal Rules of Civil Procedure . 4. Defendant enters into this Consent voluntarily and represent that no threats, offers, promises, or inducements of any kind have been made by the Commission or any member, officer, employee, agent, or representative of the Commission to induce Defendant to enter into this Consent . 5. Defendant agrees that this Consent shall be incorporated into the Order with the same force and effect as if fully set forth therein. 6. Defendant will not oppose the enforcement of the Order on the ground, if any exists, that it fails to comply with Rule. 65(d) of the Federal Rules of Civil Procedure, and hereby waive any objection based thereon . 7. Defendant waives serv ice of the order and agrees that entry of the Order by the Court and filing with the Clerk of the Court will constitute notice to Defendant of its terms and conditions. Defendant further agrees to provide counsel for the Commission, within thirty days after the Order is filed with the Clerk of the Court, with an affidavit or declaration stating that Defendant has received and read a copy of the Order. 8. Defendant agrees that the Commission may present the Order to the Court for signature and entrywithout further notice. 9. Defendant agrees that this Court shall retain jurisdiction over this matter for the purpose of enforcing the terms of the Order and imposing further relief. ~ Dated: Monday, November ( 6, 20(? ~ 03tKs Rufus ul Harris On AI/, D 6 _, 2006, Rufus Paul Harris, a person known to me, personally appeared before me and acknowledged executing the foregoing consent.
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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trade04 - I believe you still holding right? Honestly, this is what I did- just ask yourself-
"Why am I still holding- What is making me hold still?" The answers is somewhere in your head & when you can answer that you will start to feel comfortable again....
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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