posted
NOT GAME OVER! if rufus is a pawn then new ceo get money to get the ball rolling again
66inxs Member
Member Rated: posted December 05, 2006 21:12 -------------------------------------------------------------------------------- jmoestinks: "Back in the FHAL/CVSU/ and early CSHD days Rufie said they were buying up all the float. No idea how much that was but it was probably alot. Now the date on the Euroclear for submitting those shares was Oct 9th about a week before that Oct 16th deadline for the 6:1 announcement. He said that the shares would be submitted early Nov. Now if the bonds were real and the company had to prove 200 million in assests to pull money from the bonds then they could use the shares as assests. If you look at the stock price in and around the 9th it was about $2-2.40 i think. If the amount of shares submitted to Euroclear was 100 million or so (which is where my scenario might not work because I don't know if they had that many) then they could prove the 200 million in assests and be free to pull from those bonds to subsidize all the JVs rufie was bragging about. Now the SEC comes in right before the share exchange for 6:1 and shuts it down. This tanks the stock on the greys, leaves rufie and the gang with no shares and no way to pull them from Euroclear because now they can't prove the 200 million. The SEC says prove it but they can't because they don't have the assests now. This saves all the naked shorts courtesy of the SEC and leaves rufie with nothing. He can't hypothecate because he doesn't have the assests to pull from the bonds which is what we all want to see. But since the share price plunged the assests aren't woth anything close to 200 million. The SEC can now say fraud, perfect timing from them. If the SEC doesn't step in Rufie has the 200 million, can prove ownership by drawing from them, price goes up, 6:1 gets fulfilled, shorts are definitely screwed. Don't know if I have a leg to stand on here with this info but some of you DD aholics might make something out of this. Just a shot in the dark."
this agrees with what i've though for a long time. rufus gambled that the stock price would rise rapidly and stay up long enooough for him to cash out around 200m. they didn't and the sec stepped in as you said with perfect timing. no money now can't follow through, game over imho.
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quote:Originally posted by betting babe: doot dee doooo
just added more to my post mrCat.
who knows, who knows... *sigh*
Hi,BB.It's great to see ya on the board.This epic just keeps getting longer and longer. lol The question is how will it end? Nobody knows yet ,but it's been one heck of a ride.Hope your doing well.
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posted
What if Tay and John have know eachother for along time. This would be a good reason for Tut/John's confidence in the company. After watching Rufus screw up a for sure deal long enough, John decides to show them how it's done. I strongly believe that Tay is the key to this entire business plan. I think that Rufus and Ben showed up and Rufus was able to convince Tay that he new his stuff about bonds (which I believe he does). I may be way off, but this is JMO
posted
Roughly 4 months after Tay resigned from Voorhees, Songwi Trust and Waatle Corporation came out of thin air....with Tay being the majority shareholder.
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quote:Originally posted by cassity: What if Tay and John have know eachother for along time. This would be a good reason for Tut/John's confidence in the company. After watching Rufus screw up a for sure deal long enough, John decides to show them how it's done. I strongly believe that Tay is the key to this entire business plan. I think that Rufus and Ben showed up and Rufus was able to convince Tay that he new his stuff about bonds (which I believe he does). I may be way off, but this is JMO
I can follow that. Its even possible to think that Arlitt had DD'd Voorhees himself but contacted Tay a day late...Rufus beat him to it. So, maybe hes been watching this play out and saw his entry point and Tay heard him out.
posted
i believe it was in the first or second conference call. he said "we took a class on this" but i dont have it bookmarked, so im not 100% positive. ~BB
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posted
I remember Tay because it was the fist time I remember where I specifically heard Rufas lie.
He said on SPR to one of Simon's callers that he(Rufas) didn't really know Mr. Tay and that it was strictly a cash deal when they bought Conversion from William. I had found this document out there and was looking for the SEC or other colaborating document to prove the lie.
quote: On April 22, 2005 Mr. William Tay, President & CEO and the Majority shareholder entered into a Stock purchase agreement with Rufus Paul Harris, CEO of Waatle Holdings Corp for the purchase of his 22,890.000 shares, the agreement had an original closing date of May 4, 2005. Thru a contract extension the closing date was moved to June 7, 2005. On June 7, 2005 all closure documents were finalized. A shareholders meeting was called on June 7, 2005 and Mr. Rufus Paul Harris was appointed as Chairman and CEO of the corporation and Mr.William Tay resigned.
quote:Originally posted by TaxBack04: Yeah BB I got a ton of things collected about Tay from our discussions back in July. I have gone back to him a number of times.
He is a player even though Rufas has said a number of times that he doesn't really know him, and he was paid in cash for CSHD.
It may not be Tay himself, but his contacts that Rufus wanted/needed. Those people may be who John knows as well.
posted
Ok sooooo since we are gettin jiggy wit' it ill throw this scenario out......
Tay has money and was interested in doing "something" with it so he opened a "blank check" company and advertised by filing a 10q. Rufus saw it and took him up on the deal...agreeing to be Tays puppet. Tay then funds Songwi Trust and Waatle...both of which Rufus and Ben get credit for co-founding. Tay then has them merge Songwi and Waatle into Conversion solutions leaving a real trail of 2 false companies merging into a new company Conversion solutions. During that time Tay resigns of any officer duties but stays on as a majority shareholder and instructs Rufus to find that perfect shell company to finish whatever "project" it is he is working on. They DD for some time and find Fronthaul going bankrupt but with contracts and heavily shorted and for whatever reason thats the perfect shell. Now what....
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quote:Originally posted by TaxBack04: I remember Tay because it was the fist time I remember where I specifically heard Rufas lie.
He said on SPR to one of Simon's callers that he(Rufas) didn't really know Mr. Tay and that it was strictly a cash deal when they bought Conversion from William. I had found this document out there and was looking for the SEC or other colaborating document to prove the lie.
quote: On April 22, 2005 Mr. William Tay, President & CEO and the Majority shareholder entered into a Stock purchase agreement with Rufus Paul Harris, CEO of Waatle Holdings Corp for the purchase of his 22,890.000 shares, the agreement had an original closing date of May 4, 2005. Thru a contract extension the closing date was moved to June 7, 2005. On June 7, 2005 all closure documents were finalized. A shareholders meeting was called on June 7, 2005 and Mr. Rufus Paul Harris was appointed as Chairman and CEO of the corporation and Mr.William Tay resigned.
quote:Originally posted by glassman: Humble, i agree with much of your post...
Rufus was behaving very immaturely, especially when confronted by former BBAN people and sourstreet.... i am glad that he never publicly posted here...
it would also seem that RPH is important to the future of the Co. if he is the only one who understands how the Euroclear system works, that seems to be the central part of his case/defense ...
as far as being quiet? he needs to be proving to the SEC why they shouldn't get their judgement...
lol, are you seriously saying that SEC doesn't understand Euroclear?
ya...agreed: he needs to be proving
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
Oops my last post was wrong. That was pre-Tay
On April 6, 2004, the Board of Directors issued 148,000 shares of common stock for $148 in services to the founding shareholder of the Company to fund organizational start-up costs.
http://sec.edgar-online.com/2005/04/15/0001289813-05-000006/Section6.asp On February 23, 2005, the Board of Directors approved the issuance of 11,500,000 shares of common stock to retain the services of William Tay as CEO and President of the Company and were deemed fully paid and non-assessable on that date.
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posted
Ocqueoc ~ other than the document I posted I havent found anything to cooberate so lie is awful strong. But...
He said on SPR that it was an "ALL cash deal" when they purchased CVSU. the document says this.
"On February 11, 2005, the Board of Directors issued 22,890,000 shares of common stock for $2,289 in services to the founding shareholder of the Company (William Tay) to fund organizational start-up costs. On March 5, 2005, the Board of Directors issued 400,000 shares of common stock for $20,000 in services to a consultant(Warrior Capital, LLC), in exchange for services rendered."
This was not an "ALL cash deal". I waved it off at the time as trying to keep the William Tay questions to a minimum.
(a) Effective on February 1, 2006, Industrial & Family Holding Ltd., a Marshall Islands' corporation, acquired 11,648,000 restricted common shares of Crescendo Acquisition Corp. (the "Company") from William Tay in a private purchase transaction. Effective on that same day, W.I.P. World International Project SA. Luxembourg acquired the same 11,648,000 shares from Industrial & Family Holding Ltd. in a private purchase transaction. W.I.P. World International Project SA. Luxembourg became the "control person" of the Registrant as that term is defined in the Securities Act of 1933, as amended. Simultaneously with this transaction, the Board of Directors of Crescendo Acquisition Corp. nominated Giorgio Endrizzi to the Board of Directors and all former officers and directors, namely William Tay, resigned. Giorgio Endrizzi was then named President, Secretary and Treasurer of Crescendo Acquisition Corp.
posted
OK, heres a good one. Could anyone imagine Rufus pumping some "World International Project" - World and International being and interesting and unnecessary combination heh. Anyway, as funny as it is...the company supposedly exists AND Tay sold them some shares.
http://www.secinfo.com/d17BYq.vd.htm "On February 1, 2006 (the "Closing Date"), pursuant to the terms of a Share Purchase Agreement dated November 24, 2005, Industrial & Family Holdings Ltd., a Marshall Islands corporation ("IFH"), purchased 11,648,000 shares of Crescendo Acquisition Corp., a Delaware corporation (the "Company" or "Registrant"), common stock from William Tay, the sole shareholder, officer and director of the Company. Immediately afterwards, IFH transferred these same shares to W.I.P. World International Project SA. Luxenbourg of 16 Avenue de La Porte Neuve, BP 6661-2016 Luxembourg."
quote:Originally posted by Mr. CATIAEngineer: Hey Doc, i look at it like this. If Rufus was a simple (or complex) conman then Arlitt and the SHC would have nothing to work with right? Did Rufus make some mistakes in regards to the SEC investigation and possibly countless other activities? Maybe so, its hard to say being on the outside looking in. But, if we start calling Rufus a conman then i feel we may be denying the foundation our company is built on, and thats verrrry bad IMO.
I feel your frustration and i hope....reeeeeallly hope that Rufus is not a conman but a guy thats not cut out to be a CEO and got in WAY over his head with the SEC. Its possible, I suppose, that Rufus Paul Harris himself may have grabbed the wrong tiger by the tail.
As the days go by it seems that im just gonna have to get comfy with the idea of Tut running the show with our SHC supporting him in his role.
quote:Originally posted by betting babe: rufus said that he learned about the rule 386 in a class... didnt he? ~BB
Babe, I could be wrong but Rufus has stated over and over that he has learned everything via the internet. I believe he also stated that he learned of this rule via the internet. I could be wrong but that is the best of my recollection. ************************************************** The above was a direct answer to Babe. Below is in reference to board discussion.
Well it's Deja Vu all over again. William Tay.
Unless Rufus was being foxy at the time, he stated that had had very little contact with William or than the Conversion Solutions acquisition which was owned by William Tay.
I'll have to go back but if I remember correctly William Tay didn't have anything to do with Songwi or Wattle, those were Rufus and Ben's babies.
posted
You guys and gals are all an amazing group of incredible detectives. Just when I was calling it quits ..... you come up with some great information. I am very glad to be associated with all of you. You're all incredibly talented at finding things.
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quote:Originally posted by betting babe: rufus said that he learned about the rule 386 in a class... didnt he? ~BB
Babe, I could be wrong but Rufus has stated over and over that he has learned everything via the internet. I believe he also stated that he learned of this rule via the internet. I could be wrong but that is the best of my recollection. ************************************************** The above was a direct answer to Babe. Below is in reference to board discussion.
Well it's Deja Vu all over again. William Tay.
Unless Rufus was being foxy at the time, he stated that had had very little contact with William or than the Conversion Solutions acquisition which was owned by William Tay.
I'll have to go back but if I remember correctly William Tay didn't have anything to do with Songwi or Wattle, those were Rufus and Ben's babies.
Please correct me if I'm wrong.
GLTA Wally
Wally, they may have been Rufus and Bens babies but Tay was the majority shareholder
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quote:Originally posted by Chart walker: Wow, for once more might be going on "ON" the board...
Good chats tonights ~
Catia, mailbox is full FYI...
Hey Chart! I thought your computor was still broke or did I just miss any recent postings in the afterwork hours? Either way, nice to see ya
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quote:Originally posted by Mr. CATIAEngineer: Ok sooooo since we are gettin jiggy wit' it ill throw this scenario out......
Tay has money and was interested in doing "something" with it so he opened a "blank check" company and advertised by filing a 10q. Rufus saw it and took him up on the deal...agreeing to be Tays puppet. Tay then funds Songwi Trust and Waatle...both of which Rufus and Ben get credit for co-founding. Tay then has them merge Songwi and Waatle into Conversion solutions leaving a real trail of 2 false companies merging into a new company Conversion solutions. During that time Tay resigns of any officer duties but stays on as a majority shareholder and instructs Rufus to find that perfect shell company to finish whatever "project" it is he is working on. They DD for some time and find Fronthaul going bankrupt but with contracts and heavily shorted and for whatever reason thats the perfect shell. Now what....
Fronthaul came into the picture because of Sabra. Sabra and Mike go way back according to what was stated on SPR the night they all were on. Once again if I remember correctly, Mike was looking for funding for the Amazon deal and Sabra put him in touch with Rufus. Instead of funding the Amazon deal they decided to do the reverse merger. I'm going by memory here. Even though I've been told I have a pretty good memory, it is not infallible so if anyone else was listening and heard this pleas chime in.
posted
Wally ~ you are correct in your recollections. I do however think he was being "foxy at the time". "Puppet Masters" like a little shrowd of darkness so that the puppet remains in focus. LOL
In any case I doubt Rufas was going to allow William Tay discussions to get real big. I have looked and have not found any other ties from Tay to anyone bigger. But having involvement in so many otehr companies I would think that he has a whole cast of sponsers.
posted
I find it very strange that all of these websites were hard to access today. I expected changes, yet there were not any. Go figure.
quote:Originally posted by Mr. CATIAEngineer: Hey Bucky. I got curious about your posts regarding the website and started poking around with waatle and songwi.
I was reading this stuff below and i was wondering, what does it mean "entered into an acquisition contract of an OTC traded public shell through its originating Trust, Songwi Trust,with Conversion Solutions". Does that mean that Songwi owned Waatle financially? So who owns songwi.com?
KENNESAW, Ga., May 11 /PRNewswire/ -- Waatle Holdings Corp. ("WHSC") a diversified holdings corporation organized in Arizona on June 14, 2004 announces that the company has entered into an acquisition contract of an OTC traded public shell through its originating Trust, Songwi Trust, with Conversion Solutions
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
posted
Ahhh finnnnnnnally something Tay was involved in thats trading!! At some time along the line he was a director, vice president and secretary of Legend International Holdings, Inc (LGDI). Their line of business? Diamond mining!
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