posted
ok if Rufus has access to the euroclear accounts why doesn't he just log onto them in front of the SEC whether it be in the courtroom or in front of an officer of the court. Then they wouldn't need euroclear they would be in cshd's account with hopefully showing ownership of the bonds. That would be the end of the story
posted
My opinion? Either there is a "problem" with Rufus showing the SEC anything through Euroclear or Rufus just enjoys this game and plans to wait until the 7th to take care of this. When i say "problem" it could mean various things....being politically correct. Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by RyanPBF: ok if Rufus has access to the euroclear accounts why doesn't he just log onto them in front of the SEC whether it be in the courtroom or in front of an officer of the court. Then they wouldn't need euroclear they would be in cshd's account with hopefully showing ownership of the bonds. That would be the end of the story
Rufus said just that, he said once the codes are loaded they SHOW who's they are... He said the CODES do not prove ownership, it's more like a password to SEE the account, OPEN it, -from what I understand from Rufus on SPR.
That's why I said the SEC KNOWS already if he has them or not IMO...
posted
Well I have been around the world looking for leads into the information I want. I think I now am familiar with nearly 4 new languages. What I can say is Euroclear is huge. I found links to it from Swiss Bond houses to the St. Louis Fed. Reserve.
I can also say that I found the source of the information I want but I can't decipher it exactly. The date on the Certificate of Ownership of the $500 Million bond is dated March 15 2006.
Now if this is the case then it should be visible on the Banco Central De Venezuela books... or is it.
I mean $500 Million USDS is equal to 1.073 Trillian Bolivars. And it was assigned in the middle of the last month of the quarter. Sooo... I would think it would be at least visible on the BVC Monthly General Balance Sheet.
quote:Originally posted by RyanPBF: ok if Rufus has access to the euroclear accounts why doesn't he just log onto them in front of the SEC whether it be in the courtroom or in front of an officer of the court. Then they wouldn't need euroclear they would be in cshd's account with hopefully showing ownership of the bonds. That would be the end of the story
That would be too easy . I've never understood why he didn't just flop his cards before this all took place to begin with . If you have a winning hand and the game is over , show your cards and collect your money . Its on to the next hand (in this case getting listed on a higher market and forcing the short positions to be covered). The saying "You don't have to make a federal case of it" should be applied to this stock .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by RyanPBF: ok if Rufus has access to the euroclear accounts why doesn't he just log onto them in front of the SEC whether it be in the courtroom or in front of an officer of the court. Then they wouldn't need euroclear they would be in cshd's account with hopefully showing ownership of the bonds. That would be the end of the story
You can't trust technology so blindly. Even after he did that the SEC would have to validate that the system he log into was truly Euroclear. Its an easy tempting question but the answers are more complex.
Posts: 386 | From: Plano, TX | Registered: Oct 2006
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quote:Originally posted by TaxBack04: Well I have been around the world looking for leads into the information I want. I think I now am familiar with nearly 4 new languages. What I can say is Euroclear is huge. I found links to it from Swiss Bond houses to the St. Louis Fed. Reserve.
I can also say that I found the source of the information I want but I can't decipher it exactly. The date on the Certificate of Ownership of the $500 Million bond is dated March 15 2006.
Now if this is the case then it should be visible on the Banco Central De Venezuela books... or is it.
I mean $500 Million USDS is equal to 1.073 Trillian Bolivars. And it was assigned in the middle of the last month of the quarter. Sooo... I would think it would be at least visible on the BVC Monthly General Balance Sheet.
posted
I'm wondering if Euroclear has ever been subpoened for deposition before in a case involving a client? ... and if yes, if they actually appeared? Seems to me they are just saying No!
-------------------- ... make you're decisions only on you're own DD ... Posts: 348 | From: Arizona | Registered: Jul 2006
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posted
I checked out that site last week Tax. No mention of CSHD or any bond that matched up. There is an interesting news article on the site, saying to watch out for bonds signed off by certain people. Basially saying that their were false bond ownership statements floating about. I crapped my self until i compared the certifates with the ones on the Georgia court site. FWIW the certs of ownership on that site are in the correct format and signed by the right people, so look like the real deal.
-------------------- '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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quote:Originally posted by RyanPBF: ok if Rufus has access to the euroclear accounts why doesn't he just log onto them in front of the SEC whether it be in the courtroom or in front of an officer of the court. Then they wouldn't need euroclear they would be in cshd's account with hopefully showing ownership of the bonds. That would be the end of the story
That would be too easy . I've never understood why he didn't just flop his cards before this all took place to begin with . If you have a winning hand and the game is over , show your cards and collect your money . Its on to the next hand (in this case getting listed on a higher market and forcing the short positions to be covered). The saying "You don't have to make a federal case of it" should be applied to this stock .
Using that analogy i suppose it could be that Rufus isnt satisfied with the current bets on the table and is hoping to up the bet some. That is, of course, if he has everything he needs right now to end the case. Everything has been sort of a mystery since this all started. That, I suppose, leads people to believe its a scam. I dont believe its a scam so another possiblity is that he might be building a case against the SEC during this 1 week window and in the process he wants us to form a shareholder committee. Why? Well, probably because he feels that the shareholders are potentially in a position to sue to pants off of some people involved...possibly exposing their shorts, so to speak.
Its gonna give you all a bleeding ulcer if you try to calculate Rufus' next move. Since im not an SEC lawyer or an officer in the company im just gonna focus my attention on what happens after the case is finished. I want to know who is going to pay for this mess and how they will pay when payment is due. As a shareholder thats what is important to me right now.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
Someone is going to bleed from this either Rufus or the SEC. Let's hope the SEC. I think both sides are holding their cards until the 7th and there is nothing we can do about it. Hope this goes well for all of us.
Gotta go to my mom's wake. Take care all.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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posted
07/06/2004: BCV TO THE NATIONAL AND THE INTERNATIONAL FINANCIAL COMMUNITY
BANCO CENTRAL DE VENEZUELA WOULD LIKE TO WARN THE NATIONAL AND THE INTERNATIONAL FINANCIAL COMMUNITY ABOUT THE FALSIFICATION OF CERTIFICATES OF OWNERSHIP OF BRADY BONDS, SUPPOSEDLY SIGNED BY MR. EGIDIO COELHO, THE MANAGER OF THE TREASURY DEPARTMENT OF THIS INSTITUTE, AS SHOWN IN THE ANNEXED FORMAT.
BANCO CENTRAL DE VENEZUELA WOULD ALSO LIKE TO CLARIFY THAT THE ONLY BRADY BONDS IT ISSUES ARE THE SO-CALLED NEW MONEY BONDS SERIES “B” AND THAT ALL THE OTHER BRADY BONDS ISSUED IN RELATION TO THE VENEZUELAN DEBT HAVE BEEN ISSUED BY THE REPUBLIC.
BCV THEREFORE RECOMMENDS THAT APPROPRIATE VERIFICATIONS BE MADE WITH THE RESPECTIVE ISSUING ENTITY OR ENTITIES, OR THEIR AUTHORIZED AGENTS, AS APPLICABLE, PRIOR TO CARRYING OUT ANY TRANSACTION INVOLVING THESE INSTRUMENTS.
CARACAS, 2 JULY 2004.
View False Certificate
A copy of what false certs look like can be seen here: http://www. bcv.org.ve/Upload/Comunicados/bradyfalso.jpg
-------------------- '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
FWIW.....tut-eister has posted once more....just passing on the information... . . . Today, 02:50 PM #6308 tutankhamen HSM Regular
Join Date: Aug 2006 Posts: 376 It was up to the SEC to get a deposition from Euroclear that the bonds are not real and they would not give a deposition to that. Conversion has shown the bonds are real but the SEC has not been able to prove the bonds are not real and that is good news. That should explain the post from yesterday and goes to show the validity of the bonds in question.
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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posted
Why do I feel like the SEC & their lawyers are reading this today - laughing and saying: Hey, thanks for all the DD on the bonds...you shareholders saved us alot of time.
Posts: 2554 | Registered: Nov 2005
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quote:Originally posted by RyanPBF: ok if Rufus has access to the euroclear accounts why doesn't he just log onto them in front of the SEC whether it be in the courtroom or in front of an officer of the court. Then they wouldn't need euroclear they would be in cshd's account with hopefully showing ownership of the bonds. That would be the end of the story
That would be too easy . I've never understood why he didn't just flop his cards before this all took place to begin with . If you have a winning hand and the game is over , show your cards and collect your money . Its on to the next hand (in this case getting listed on a higher market and forcing the short positions to be covered). The saying "You don't have to make a federal case of it" should be applied to this stock .
Rufus has hinted on several occassions that there are more players involved and more at stake here than just CSHD. So far his actions and words smack of two descriptors: escalation and exposure. He must want a "federal case" made of this. He must know he has a winner. As stated many times...it's that or he's on a suicide mission and wants to go down hard.
-------------------- One shot - One kill. Posts: 216 | Registered: Jul 2006
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posted
djg7.........My empathy and condolences.......
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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posted
? I'm sorry for your loss... Hang in there!
quote:Originally posted by djg7: Someone is going to bleed from this either Rufus or the SEC. Let's hope the SEC. I think both sides are holding their cards until the 7th and there is nothing we can do about it. Hope this goes well for all of us.
Gotta go to my mom's wake. Take care all.
-------------------- #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
djg7 ............ I am so sorry for your loss. My prayers are with you and your family.
Posts: 557 | From: UpState New York | Registered: Sep 2006
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quote:Originally posted by Mr. CATIAEngineer: Using that analogy i suppose it could be that Rufus isnt satisfied with the current bets on the table and is hoping to up the bet some. That is, of course, if he has everything he needs right now to end the case. Everything has been sort of a mystery since this all started. That, I suppose, leads people to believe its a scam. I dont believe its a scam so another possiblity is that he might be building a case against the SEC during this 1 week window and in the process he wants us to form a shareholder committee. Why? Well, probably because he feels that the shareholders are potentially in a position to sue to pants off of some people involved...possibly exposing their shorts, so to speak.
Its gonna give you all a bleeding ulcer if you try to calculate Rufus' next move. Since im not an SEC lawyer or an officer in the company im just gonna focus my attention on what happens after the case is finished. I want to know who is going to pay for this mess and how they will pay when payment is due. As a shareholder thats what is important to me right now.
Well I for one think thats giving Rufus way too much credit . I'm not saying he's stupid but doubt that he's a financial genius .
(1)He obviously didn't have a specialized SEC lawyer on tap but instead a criminal lawyer who was out of town anyways . (2)He didn't comply with the SEC to begin with but led on that everything was swell even up to the first court hearing . (3)He promised the 6 for 1 deal but now has to work out the details with his lawyer (who I thought was a criminal lawyer) . (4)He claims to have these bonds (lot , stock and barrel) but cannot provide any other proof other than the files in the Ga. court (which could very well be fakes). (5)Euroclear nor the Ven. gov. nor any other firm that Rufus has name dropped has stepped up to defend this company (which would be in the best interest of any investor related to this company).
Now I have a general question and anyone on the board can reply : If a man with such desire and raw talent of managing finances like Rufus is for real , where is his track record ? I would think he should have alot of successfull notches on his belt to show for . I have found ZERO ........ plenty of negatives but no positives previous of this companies start up . Someone please , show me his track record . He's 38 so there should be something out there that I've over looked .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by djg7: Someone is going to bleed from this either Rufus or the SEC. Let's hope the SEC. I think both sides are holding their cards until the 7th and there is nothing we can do about it. Hope this goes well for all of us.
Gotta go to my mom's wake. Take care all.
You take care also djg.....May you & your family find strength & peace.
Posts: 2554 | Registered: Nov 2005
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Let's not start this again. Let us just wait & see what happens next week, then we all can debate with more intelligence.
Posts: 2554 | Registered: Nov 2005
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posted
To answer your question "thesource" I dont believe that Rufus has a track record managing finances nor does he intend to in the future. He has stated multiple times that once this "deal" is organized he plans to retire. He is only putting this together....and yes i believe some of it is revenge for some things that happened to him in the past. No, i dont believe that Rufus is an asset management genius...although i guess i really dont know for sure.
They planned to start announcing names of people that will be filling positions in the company once all of this nonsense is taken care of. At that time i think you will find the answer to your question.
Valid question(s) though. I think if there had been a solid track record for the man I feel that we wouldnt been hung up in Federal Court right now. In fact, i dont think we would be dealing with him today because that would mean he already succeeded and has retired and moved on to raising race horses. IMO
Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by djg7: Someone is going to bleed from this either Rufus or the SEC. Let's hope the SEC. I think both sides are holding their cards until the 7th and there is nothing we can do about it. Hope this goes well for all of us.
Gotta go to my mom's wake. Take care all.
Sorry to hear about your Mom - you have my prayers and sympathy...
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
There isn't enough information in those financials...it's way to basic to be able to pick something like this out. This appears to be a consolidated balance sheet for quarterly meetings or something. Without having the notes you can't really tell what exactly the numbers are made up of, and how they classify these bonds.
We would need the Y/E audited financials because then there would be hundreds of pages of notes more than likely outlining what each individual line item is made up of.
quote:Originally posted by RyanPBF:
quote:Originally posted by TaxBack04:
Tax I was just trying to look through their balance sheet and nothing stuck out at me. This might be a job for crab isn't he an auditor?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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I called euroclear's USA branch based on the screen that we seen. Market d=domestic. I then asked the question why would a company register there common stock with Euroclear and he stated they register the common stock because it gives clients through out the world the ability to by our common stock who have Euroclear accounts. This gives us a global market inside Euroclear.
Posts: 82 | Registered: Oct 2006
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posted
Wow I'm starting to really "see" things again... I think ha ~~
-and what Tut said made the most sense to me about the whole Euro no show. Makes perfect sense now that Rufus would gloat over that with a "he he"
I didn't know that it was the SEC that wanted them there, I thought Rufus called them, that's why I couldn't see where it was a positive, but now I think I get it...
Join Date: Aug 2006 Posts: 377 Quote: Originally Posted by Chasbo Tut, I am no Lawyer- but doesn't the burden of proof fall on CSHD in the suit?
From my understanding they have already shown they are real and the burden is on the other side to prove otherwise. From a legal standpoint it is up to the plaintiff to prove their allegations. The defendants have shown the validity of the bonds and the plaintiffs have not been able to prove they are false.
Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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