New Horizons Holdings (fka NHHI)

[tfant53]

NHHI Webinar #59 9/29/16

SK began with it's hard to believe 59 webinars, next month will be 5 years, trying to build something out of the ashes named CMKM Diamonds Inc. There were 26 onboard and doesn't know if it's being piped into another paltalk room.

He opens with prayer for shareholders quite sick, researchers doing a great job, attorneys, collection firm working hard, our Country and all shareholders, Blessings.

He thanked everyone for being there. Crazy time political season, regardless of whom you are voting for, it's insane what's going on. All we can do is get out and vote and pray.

Litigation update. Important tonight is, criminal trial scheduled into 2nd week in November and doesn't know if that's even a firm date. JE still under medical evaluation to determine fitness for trial. John might be listening, SK doesn't know what to say to him, see what the evaluation brings. Last month spoke about the Turino plea bargain. He gets updates from a couple people informing him. There are still a couple of defendants that don't want jail time. Edwards could still cut a deal, it's up the air and out of our hands,

He says it's hard to believe JE would be declared incompetent with what Steve knows about. JE is not a nice person and only cares about reaping rewards. Shareholders have their opinions but Steve has seen from the inside how corrupt and dirty they are. Not looking out for you when you invested your money.

As researches are able to dig through discovery is still in progress and the company is working on many things with collection firm and attorneys. Requires his input, where to go, what to spend. We've had delays. Had deed in hand, cloud on title, needs to be cleaned up. Hoping attorney well connected to clerks may speed it up. On the verge of recovering several properties, buyer on one, auction on another was delayed from Sept 27th to November 2nd because (not our general counsel) an attorney made a small error on a document and to correct and resubmit. We have buyers for that, someone's going to get a good deal and CMKM will get a good deal. Number of properties NHHI going ahead on. Collection firm can only afford to go with so many. When they get paid, they can take on more. Can't talk about what they are, doesn't know who is listening, he will when he can. He thinks one day a book should be written and a movie deal. Still going ahead and can now say it's a winning deal, for sure. (meaning the assets coming in to NHHI)

Someone sent SK an NSS article where someone invested $100,000 in a penny stock. Going from .25 cents per share, shooting up to worth $1.3 million. Brokerages, market makers shenanigans drove it into the dirt and valueless. Emotional roller coaster, some deal like CMKM. Knight NS'd stock, large numbers of market makers, ex-clearing, Knight became he thought KCG and UBS manipulated OTC pennies, huge amount of money, bigger margins than big board stocks. Like they were working together, Knight short, UBS long. Fined for millions but were a drop in the bucket. The guy spent years trying to figure it out, cellar boxing. Sent letters to SEC, fell on deaf ears. Steve skimmed through read, one thing he didn't know. When they reverse merge or split, it gets the share value up and when the cusip changes, Knight shorted carries on balance sheet liability unbought shares. a billion and a half, reverse split, cusip change, then can't buy. Sits in uncovered state, fined $10 - $12 million a drop in the bucket. That stock's no longer on market. SK does not want to reverse split now and won't reverse split any way regarding the cussip, doesn't know if this was done to us or not, no telling. Short never disappears unless reverse merger or split. Could be insane when trading. Huge volume in pennies. A debt is issued, debt instruments convertible debt. SK thinks if JE goes to trail we'll hear a lot about convertible debt being thrown around. They converted the convertible debt into shares Urban gave them. SK hopes he isn't giving Edwards a defense

Idea of trading will be crazy. days ahead trading stock. NHHI will have a nice profit, good set of books, ownership of oil and gas. We will be able to trade.

CMKM had nothing, Urban had no claims in our name, no revenue, no product, cut deals exchanged shares, CEO's made money, did PR's, raised a pile of money, great promoter. Go do IPO, some will jump on anything - most fold and never have profitable revenue. They make money like Urban and Edwards, next they delist, miracle we're still here.

NHE moving along, stake in good shape, once sell oil. Putting in tank, next few days sell free equity stake. Looking good, just a little slower than thought. NHHI plan still the same, collect funds from recovered assets and sell, from judgments we obtained. Sustain, continue to grow.

Spilot: Why was the Wells Fargo settlement not mention on 2015 tax returns...you said you would

Steve: Let's get this straight, WF was shown on the tax return but stipulated settlement be sealed. Look at the trouble Wells Fargo is in on the internet. It stays sealed and is on tax return, all revenue is there, not going to violate terms of settlement.

and then ...

Spilot wrote: it smells

Steve became greatly offended and insulted. He wanted Spilot to call him, call him tonight or arrange to meet with him. Look at the return, if he doesn't understand the WF settlement is on there, call his own accountant. SK saying everything has been 100% honorable and explained again, after a multitude of times in webinars, putting his own money in when there was only $1 in the bank.

SK said, like an id*** he repeated to shareholders what attorneys, Bill Shepherd and Frizzell told him, in 6 months $30 or $40 million WF settlement. Steve didn't understand it at the time or know that the SOL was a big problem. WF defense of in pari delicto. When 2 corrupt entities are doing wrong, Wells and Edwards, helping each other, they abetted Edwards, the plaintiff has no case. No damage model at all, CMKM had nothing with Urban at the helm. SK said CMKM was lucky to get one red cent. He didn't understand that at the time. Steve said only he and God understand what he's been through trying to keep it open for benefit of shareholders. SK said he was sorry for venting but sometimes you have to just tell it like it is.

That's the jest of it. SK asked if there were any more questions? He's done it honestly, the foundation is laid, he'll see it through. There were no further questions, he said God Bless, see you next month and goodnight.


Read more: http://tfant53.proboards.com/thread/11228/webinar-59-29-nhe-nhhi#ixzz4LkxuyGnx