Our Conure at 26 mos., "whats up", okay, thank you! :)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What about Obama calling that policeman stupid who arrested a black professor?. He should have left it to the local authorities, and made no comment at all as oppose to involving himself with that issue.
http://www.freedomworks.org/about/about-freedomworks
What Others Are Saying About FreedomWorks
"Folks, you've got to get to know this organization ... They have been doing a great job all over the country educating people."
-President George W. Bush
EDUCATING PEOPLE?...........
Republicans are not alone for who they in fact support, we have seen it over decades. Republicans are the biggest supporters of Wall Street, & the extreme rich. We have all witnessed the result of their past admininstrations, and in many many respects the democrats fair no better. Most are in it for themselves, and when things get heated up they will throw the rest of our countrymen a bone here and there with the hope of restoring some resolve...........every last one of them need to be recalled. Democrats amd Republicans alike.
Its been an issue for months that has come up the news. Its a fed govt funded organization, has been for a long time. Why would this be surprising?. Obama during his campaign spoke to this organization and stated that he wanted them to help with his agenda. I'm paraphrasing it, but this was the gist of it.
This should be no more surprising than paying out billions to Goldman Sachs, or $175b to Aig, or earmarking $11m to Microsoft for their bridge construction, or anything else we have seen in part $850b of bailout used for. This is just the beginning of it, it will be more like trillions over time, and it goes to help those who does and has raked in hundreds of millions in annual comp pkgs.
In the interim our infrastructure is crumbling, and the govts biggest concern is how to take care of banks, investment banks, hedgefunds & Wallstreet. For any to believe that govt is looking out for the American peoples best interest, and this country is mind bending?.
Yep!.........just a million!, but there are more ways to Sunday to rake in a whole lot more.
Agree!..........and its very revealing for what groups he is dependent on, and what he supports.........This is as bad an affiliation as any we've heard during his campaign. He doesn't want to look as if he's connected, but I think most people would agree he is. Acorn needs to be dismantled, and one way of doing it is to cut off "any" govt funding.
I was just being facetious, all ya need to know is stay away from them, seniors are more than enough to deal with. I've given thought to how things could possibly look if there were no public traded companies, or why we even need a market for that matter for trading?, our economy might be in a much better state, healthier, and maybe just maybe most of our mfg jobs just might still be here. The avg american could possibly save more if it weren't for getting taxed again and again on money that been taxed once.
To answer your question though.......
A 504 filing has to go thru the SEC, but there is literally no oversight, its what Ceo's or "so called Ceo's" download and file over the internet, and use it to raise money for a publicly registered trading symbol for the OTC market, and with it is suppose to be a business, or company, more often than not there is nothing but a model, these are called Pinksheet companies that trade in the Over The Counter Market. A better name would be Cheatsheet, and some call them Stinksheets, or stinky pinkies...........because the stats show that 99.99999999 or rather 100% are operated by cons who are looking to get rich off investors money, and many many do. Its a racket for the unsavory. All Crooks.
First they need 2 things working for them, accreditors, and the retail investors. Accreditors won't bite if there are no public interest, the money has to be coming in through the retailer or there's no marketcap, and no movenment on its price due to lack of volume..........every trendy thing brewing in the market is what they use for their business profile, for example, if its oil, gas, silver, water, everything and anything depending on whatever is happening in the market that promises returns,,,,even snake oil if it works.
Hud is something that should be forever eliminated. Its a disgrace what the govt did to FHA which was meant to help soldiers who have returned from war, widows, the elderly, and those of disabilities................it was an honorable thing for govt to do.................,
The govt destroyed this thru their devisivness in creating Hud, like you say from special interest groups, and the govt was happy to comply. We are all witnesses to what it created throughout every large city in the country..........and its viewed as a right, something the govt owes them, and what comes out of it is the destruction of those communities and any surrounding the low income housing districts. Since the people have no real investment in those properties, and rent is practically free, why should they care for any upkeep. The govt cannot enforce the rules that surround the renters, and lack any security on those properties, and the result is lawlessness.............just how much the govt would save and could utilize for infrastructure would be enormous.
The other thing that this illustrates is the complacency of govt...........the warnings were written on the wall. It takes alot to bring down a building, a building of that size. It looked as if those towers disintegrated. It looks so unreal to see those events on film today. Our govt extended a long leash for immigration. Like the SEC, like the Dept of immigration, have been inactive agencies. 2 of the most important regulating agencies in the country, the Congress and former presidents may have well cut off their heads, way understaffed, and lack the authority to curtail the inflow. I bet there are more restricitions today on the number of Irish coming in annually than those of the middle-east, and Mexico. Open Borders, Open Ports for any country would spell disaster.
You'll need to be quicker than the MM. To many stocks rheddle to mess around with this one, Berman is just looking to get your money, this is all this guy is about, this is how he makes a living. He's a con, and doesn't matter what he is involved with every facet will be to benefit him. He has been consistent with filing 504's and doing r/s's, this is his record, he uses these avenues and this symbol as his own personal piggy bank..............then he wallows in it. This bum doesn't deserve the time of day, but he does deserve time.
No, but I have plenty of time, as the saying goes. The way it works is to go public on the pinksheets, a good shyster atty can help but we don't really need one, we finance a backdoor merger by acquiring a symbol, and use their atty, having drawn up a business model, or we could do this later, the time frame doesn't matter, just an idea will do. Having done this we file a 504 and start selling certs. We'll need a few middlemen who will say they're worth a million plus to buy them at huge discounts to the market, we get a good pitch going to those interesting in investing, and we are on the road to riches............we can always work on some invention, whether it works or sells is irrelevant, our goal is to rake in money, and for as long as we can.
He's right, he was born in Hawaii. No one disputes this anymore,,,,,,,,,,but his connections to Acorn cannot be disputed,,,,,,,,,,,that organization is suppose to receive, not millions, but $8.5b from that stimulus package.....this is something that should blow off the roof of Congress by the Amercan people..........Insanity knows no bounds.
You got some ideas? :)
Sorry for being so long winded. 911 surfacing with all the pictures, and video's stirs us up. Where is Bin Laden??????
Did you ever see the movie Burning Inferno?. Makes one wonder if this is where they got the idea?.........The fellows who hit that California bank several years ago who had AK47's and armor piercing bullets, and dressed in body armor saw that movie Heat with Al Pacino, and Robert Deniro, got their ideas from it...........
Strange!, after watching that movie, I made comment that it was so real, it wouldn't surprise me to hear of something happening like it for real. They made it look as if it could really be pulled off with the right plans, and equipment. Who would have ever thought several weeks later it would be for real?.
Look at the problems such tall structures present to people in them, and the firemen, who can't access elevators, and getting water up there. Sprinker systems are false sense of security in such tall buildings. Who knows how so many buildings will react during an earthquake, or something of that magnitude?, I wouldn't want to be in one.
Remember Dick Armey?........He was one of the architects who came up with "The Contract With America". When he and others like Gingrich stood on the stairs of the Capital Bldg, or in front of, they held up this contract written on a white sheet of cardboard if I remember?..........what they failed to show was what was written on its back in fine print. On one side it read, "Contract With America" the House Version, the flip side read "Contract Against America" the Senate Version. Armey is a thug. I remember listening to one of his floor speeches when the topic was the raising of the minimum wage during the Clinton Admin.
Going back to 1969 the min wage was $2.35/$2.65 a hour if not mistaken, the min wage was used as a measure that was to help keep real wages in place, at the time of his radical argument against it I believe it was $3.75 maybe $4.25?..........He was enraged, he stated, "he would fight any increase with the last of his breath!". Even if we look at it today over a 40 year period it amounts to about a dime a year.............
http://blog.reidreport.com/index.php?s=dick+armey
When all this was being voted against, the Congress voted themsleves in a huge annual raise when americans slept, and who opposed any increase. Armey was more than happy to get his.
In 1967 the cost of a modest home could be purchased between $20k to $30k depending on its lot and size. I new car could be purchased for $3500/$4000 depending?, some much less. Then lets give a look at corporations and the upper echelons pay pkgs, severance pkgs, retirement pkgs, stocks/stock options, and some who receive this and a company salary+bonuses. How these have insanely escalated annually.
The only way this is achieved is thru them existing as a public entity. Companies like Msft, Orcl, Chesapeake Energy, Exxon Mobil, etc, etc, Conglomerates. My question is why should any remain public corporations?. Its obvious that they can make it without any public support, and if this would have been the case for AIG having grown so big, "to big to fail", they would have never, ever taken on the gambling risk they chose to do......"and now the taxpayers are really on the hook". $170b or more to Aig, and $81b for GM and Chrysler, amounts to a quarter trillion, and counting. Corporations that reach a certain mktcap should have to return to the pvt sector, maybe this would have made them think again before moving abroad, unless they were totally willing to get on one of their exchanges, and deal with foreign govts, like they did in the past with Russia.
My wifes shoes "Nike", made in Vietnam, her jeans were made in Taiwan, and her top from China.............and when I called Msft, the person I was speaking with was in India.
If 911 was America coming together, after the World Trade Center collapsed, and all those who died, like the Firemen who had no relationship with all the businesses who were connected with Wall Street and whose firms were housed there, some had several floors for computer space used for trading, and traded all day long, and some of the owners of these entity chose citizenship abroad so not have to pay US income taxes, nor would their families be subject to inheritance tax for whatever they might leave?.........the bottom line was to skirt around the US tax laws, and utilize all the laws that would help them to benefit from operating in the US, and who chose the World Trade Center, and raked in millions, and hundreds of millions for themselves from these very operations. What we have now witnessed from the collapse of the market, and the economy, the rich got even richer, and the govt made it possible for many to get even richer yet.........America coming together?, short lived. Our govt and corporatism took this country into Iraq then back to Wall Street..........
It would seem these are the reasons we find ourselves in all these predicaments, because corruption is its foundation. The American people for the most part are kept in check, and this keeps the majority under their control, and today the govt knows more about us than we probably know about ourselves in some respects.
Our govt works to force the ideaolgies of capitalism down the throats of every country, and govt in the world?, when they don't want it, and we give a look at our history, whether its the Great Depression, or the wars we've been invovled in, and many in the name of corporatism, or the S&L scandals, or our realty market, or Black Monday, or so called "market corrections" that throw thousands, and millions out of work having lost all their investment money, or the Bernie Madoff's in the US, now its every bank, every investment bank, insurance companies, etc etc, and this last round created on the heels of 911, and forcing war on a country that had not provoked the US that our govt made settlement with after Desert Storm...........is it any wonder that many don't want to be a part of this insanity?.............Look at what occurred during the Afghan/Russia conflict, if we would have kept our nose out of it the chances of Bin Laden getting killed during that war may have been very real.
When we reflect back on the candidates who chose to run during this last election, all but a few were really unfamiliar faces, but most were the very same people who had been in the service of lobbyist, and some for many many years.
Former Senator Daschle is a good example, and other than he not having paid his taxes from money he was paid as a Lobbyist, would have become the next Secretary of Health and Human Services. Former Senator Ron Cox, and now former Chairman of the SEC is another example. Neither ran for president, but both worked both sides of the fence, their pants legs were only caught on one side, the side that represented the people who they were supposedly elected to serve.
$375m have been paid for lobbyist/lobbying-from corporations affiliated with the health care industry for what they want legislated in the National Health Care Bill............Congress working for one and all ya know?...........For lack of a better word they're nothing more than prostitutes who are in the service of lobbyist/corporations, in particular those that are publicly traded. All of them want a piece of the pie, and maybe a roll in the Hay like the Assemblyman in California who spoke of his extra curricular activities in a hot mic at the State Capital.
Elected officials who serve their first term in Congress were elected by the people of their home State to be their voice in Washington, or so its believed?, and supposedly entered politics for this reason, if it pans out most want to remain in politics, moreover in DC, but no longer for this reason, it doesn't take long for the voice of the people to fall on deaf ears once the lobbyist begins to line their pockets, and their coffers in the hopes of keeping them in office. Not that they care so much for what the lobbyist are seeking, its what they are able to do them for them, and as we have witnessed it becomes all about them........not what they can do for America, or the American people, but just how rich they can become, and how many homes and cars they can possess over time. They become just like the ones they become in service of, their office doors are open to the highest bidder.
50 richest congressman:
http://www.opensecrets.org/pfds/overview.php?type=W&cycle=2005&filter=C#avg
Slow to open.
Must be time to throw some money in huh?. Good Luck!
Its manipulation or at the very least an effort.
I would say this was unbelievable considering RA was forced to step down by the SEC, then jailed for non disgorgement, and now this............but its a never ending story with these OTC companies, the seniors are questionable, but here they are almost never answerable, but it looks like they will be here at the very least. Good Luck.
The MM saw it work in the past, and with a little help from his friends?.........there is no such thing as value in this stock, and the only value the company has/ its mining claims, or its symbol, and what it could be sold for to reimburse shareholder losses. Remember Berman does not have one red, not one of his own money. The only time he puts into this comes by way of pr's, and printing shares, and money wires from his broker account to his beater account, there is no company account, he made himself a millionaire off using and lying to retailers, even moreso the general public. His butt is in Texas, been in Texas, and remains in Texas. There are no operations, never has been, nor ever will be. He knows nothing about mining, and even if he did any money he could ever hope for would not be utilized to do any.
All and I mean All!, Berman has done is to file time and time again 504's, now he's selling unregistered certs, on top of him attempting to dupe the DOE for money for his next trendy strategic move.........Its whatever's popular at the time in an attempt to draw in retail investors so his hired MM can feed off them. Water, Uranium operating on 2 fronts or rather 2 symbols and 2 504's at the same time, then it was oil and a possible merger with Trsi, with he being made a Board member, and for their symbol, and the hope was he could help with their 504 at the time, since Berman had ripped off investors here on that move, they were considering uranium until investors in Russell began to smell something. Trsi decided to make him a non Board member since some of its accreditors were not reaching their goal with enough of interested retailers, he would hurt them further.
Then its algae, and now he's back to reviewing the uranium claims, and in reality what he is reviewing is a comeon in the hope of getting to retailers money, in 3.5 years selling certs is his profession, not one thing, not one of his operational strategic plans have moved foward, and he sent out enough PR's that would lead a person to believe this was the case time and time again, till he gets the money.
Any attempts to pr anything that would be indicative of this is he fanning the smoke, the fire went out of this from his lies at the end of May 2007..........he undercuts the certs value to such a degree that no retailer can win, and it doesn't matter how many of these certs he has to sell to get there. 10b the last round accompanied another r/s. In May of 2007 the a/s count was an astronomical 2b and the O/S was approx the same with supposed stock restrictions, after he paying himself a salary of $350k. He sold those with his next 504. Now the a/s count is what 15b. Combine Msft, Orcl, and Aig and the count would not be as high. Not only is all this irreconcilable, his salary, the 504's, salaries, and an a/s that would give a share to 2.5x the people on this planet, it ludicrous, none of these pinks should ever have an a/s of 100k, and the max allowance for any o/s should be 50k, and without question 504's should never be allowed to comp anyone inside these companies who are directly associated, like him. There should be 1 to 2 year gap between the filings, and the limit to these filings should be 2 to 3 in its lifetime, the 3rd should be determined on what the first 2 accomplished.
Before a symbol can be owned, first things first. Proof of a private enterprise, proof of its success, proof of having a business account with an established bank for the company, proof of he or she being pro-active in the growth of the company. "But if this were the reality they would not come to the pinks", they would list on a senior exchange.
That's a pretty good read on whats going on in the economy, and just how bad it really is, and the unemployment numbers are staggering........Anyone looking for employment today needs to submit their resumes to China, S.Korea, India, Vietnam, and other destinations..........I know its a little inconvenient, but just think of the benefits of all the security it brings. Soon we will be a country of restaurants, fast food, and prisons that are a part of our GDP. "All Aboard!"
Does this come as a surprise to anyone?. First it was Bernie, and the scam of the century.
What should this be entitled?.
The is just the beginning of stories like this. If an individual wanted to file for bankruptcy today would have a tougher time of it than any public corporation, they receive the kind of protectionism, and debt forgiveness the average working class could only hope for. Biden made sure of it!.
But if a person borrows money for a student loan......."the govt will keep track of the individual to the ends of the earth". Those at the top of these bailouts were the only ones that benefitted, them and those who received kickbacks. The argument was and still is, where can they go to get such valuable people to replace them?, who can do it better than them?, just look at the govt money they were able to pull in from their decisions.
Taxpayers face heavy losses on auto bailout
Taxpayers likely to face significant losses on $81 billion auto bailout, watchdog report says
By Christopher S. Rugaber, AP Economics Writer
On Wednesday September 9, 2009, 1:16 am EDT
Buzz up! 24 Print
WASHINGTON (AP) -- Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a report to be released Wednesday.
The Congressional Oversight Panel did not provide an estimate of the projected loss in its latest monthly report on the $700 billion Troubled Asset Relief Program. But it said most of the $23 billion initially provided to General Motors Corp. and Chrysler LLC late last year is unlikely to be repaid.
"I think they drove a very hard bargain," said Elizabeth Warren, the panel's chairwoman and a law professor at Harvard University, referring to the Obama administration's Treasury Department. "But it may not be enough."
The prospect of recovering the government's assistance to GM and Chrysler is heavily dependent on shares of the two companies rising to unprecedented levels, the report said. The government owns 10 percent of Chrysler and 61 percent of GM. The two companies are currently private but are expected to issue stock, in GM's case by next year.
The shares "will have to appreciate sharply" for taxpayers to get their money back, the report said.
For example, GM's market value would have to reach $67.6 billion, the report said, a "highly optimistic" estimate and more than the $57.2 billion GM was worth at the height of its share value in April 2008. And in the case of Chrysler, about $5.4 billion of the $14.3 billion provided to the company is "highly unlikely" to ever be repaid, the panel said.
Treasury Department officials have acknowledged that most of the $23 billion provided by the Bush administration is likely to be lost. But Meg Reilly, a department spokeswoman, said there is a "reasonably high probability of the return of most or all of the government funding" that was provided to assist GM and Chrysler with their restructurings.
Administration officials have previously said they want to maximize taxpayers' return on the investment but want to dispose of the government's ownership interests as soon as practicable.
"We are not trying to be Warren Buffett here. We are not trying to squeeze every last dollar out," Steve Rattner, who led the administration's auto task force, said before his departure in July. "We do want to do well for the taxpayers but the most important thing is to get the government out of the car business."
Greg Martin, a spokesman for the new GM, said the company is "confident that we will repay our nation's support because we are a company with less debt, a stronger balance sheet, a winning product portfolio and the right size to match today's market realities."
The Congressional Oversight Panel was created as part of the Troubled Asset Relief Program, or TARP. It is designed to provide an additional layer of oversight, beyond the Special Inspector General for the TARP and regular audits by the Government Accountability Office.
The panel's report recommends that the Treasury Department consider placing its auto company holdings into an independent trust, to avoid any "conflicts of interest."
The report also recommends the department perform a legal analysis of its decision to provide TARP funds to GM and Chrysler, their financing arms and many auto parts suppliers. Some critics say the law creating TARP didn't allow for such funding.
The panel's members include Rep. Jeb Hensarling, a Texas Republican, who dissented from the report. Hensarling said the auto companies should never have received funding and criticized the government for picking "winners and losers."
Other agencies have also projected large losses on the loans and investments provided to the industry. The Congressional Budget Office estimated in June that taxpayers would lose about $40 billion of the first $55 billion in aid.
Associated Press Writer Ken Thomas contributed to this report.
Buzz up! 24
Cheney is apparently in the midst of writing his memoirs referencing the failures of the administration was due to Bush not listening more to him.
The most opportune time they had to discuss what Cheney wanted to do was during his last hunting trip, but Bush decided to stay at the White House in his room, and read the quadrants of Nostradamus instead.
I thought it was well understood that Cheney was running the office, and making policy that was dictated to him by old man Bush, he not be being president was only a formality.
Where is the country headed?, I guess if the past is any indication for what the future holds we are in for alot more than a bumpy ride. It might be more like riding shotgun with an Ice road Trucker in Alaska during a whiteout.
But, if we listen to all their optimistic rhetoric they will try to describe it to be more like a day at the amusement park with free popcorn for everyone, oh yes!, and Koolaid of every flavor.
I'll try this again from post 502, and 499. Only a portion of it posted. GS, and the Carlyle Group who are apparently bedfellows, and whose stockholders consisted of the Bin Laden family, and maybe still do?, oh yes!, Bush sr., was also in attendance in NY at a stockholders meeting just prior or during the occurrence of 911, they had just purchased the company that manufactured the Abrams Tank.
If they can't generate revenue from the orperations, what all will become of the $1.15b? from this IPO?, guess its about time to start spinning the next generation if IPO's. GS has one plan and one plan alone, how to sell this stock, and play the options, to rake in as much as they can, and still hold a position at a cost per share that is so low that they are assured to never lose a nickel, even if fall well below its strike price they will be way ahead of the game.
I guess pocket change when we consider that GS received a $11b dollar payout from taxpayers that was owed to them by AIG to cover their bets from CDS insurance. Another $10b or so Paulson force them to take..........what punishment!.........Don't know if the Carlyle Group received money but it wouldn't be surprising to learn they had. GS was the largest of all Hedgefunds, who says the govt won't back their derivatives, or their trading acitivities?
http://finance.yahoo.com/news/Cobalt-International-files-apf-906203149.html?x=0&sec=topStories&pos=main&asset=&ccode=
Cobalt International files for IPO
Oil exploration company Cobalt International files for IPO
On Saturday September 5, 2009, 3:40 pm EDT
Buzz up! 25 Print
Companies:Energy, Inc.International Energy Inc.
NEW YORK (AP) -- Oil exploration company Cobalt International Energy Inc. said it plans to raise up to $1.15 billion with an initial public offering on the New York Stock Exchange.
The filing was made Friday with the U.S. Securities and Exchange Commission. Cobalt plans to apply to list its common stock under a "CIE" ticker.
Money raised from the IPO will be used for drilling and exploration through 2011, as well as for general corporate purposes, the company said in its filing. The 4-year-old company said it doesn't expect to generate any revenue from production before 2012.
Cobalt, based in Houston, explores reservoirs in the deep-water basins in the Gulf of Mexico and West Africa. Investors in the company include Goldman Sachs, The Carlyle Group and First Reserve Corp. CEO Joseph Bryant is a former president and CEO of Unocal Corp. He also worked at BP and Amoco.
The number of IPOs so far this year has been paltry compared to the hundreds of companies that went public just a few years ago. "But the pace has picked up recently with the stock market's recovery".
The question is why does the SEC today allow such a market for these type acitivities?, I could better understand a senior losing its status and the need stay listed during bankruptcy proceedings, "somewhat?", but for the use of backdoor mergers to come public like these BB's, and pinksheets, and others, is issuing a license to steal.
The most popular are S-8's for the BB's, 504's for the pinks, and the sell of unregistered securities...........
This is the blueprint that Madoff used with a few modifications, afterall who knew the Nasdaq better than he?. Its enough to deal with senior companies if a person chooses to invest with them, as we have seen, the over the counter market was used for back alley dealings that that had, and still has literally no oversight, but regulators, and hedgies, and the investment banks knew all to well where this alley was at, and what building, and its backdoor, guess all they needed was a password. These card games were always going on, and what was at stake was the US and global markets. If they won it would be the public at large who lost, depending on what side of the table they were playing?, some played both, both winning sides, heads they win, tails the American public would lose. The Bookies would hold the markers till the house of cards tumbled, then everyone would make money, so it was a night out, and for many a place to hang their hats. Kinda like a Speakeasy that insured fun with very little to no risk to the players, everyone would eventually get rewarded, members, and non members alike. Then the unmarked delivery trucks would
arrived from the Treasury to unload the billions it borrowed or had printed to cover all bets.
No doubt similar activities are stilling occurring.
This is truly the never-ending story. This is typical of how the pinks operate. The saying that one bad apple doesn't small the whole bunch has a different meaning for pinksheets. One good apple doesn't sweeten the entire barrel, even the single ones core is bad. There are probably 20,000 companies in the over the counter market, all are crooks. All have business models, but it has nothing to do with running any business that we are familiar with. Its a blueprint for how they plan to give the business to retailers without any product, and if they do have a product(s) they can illustrate they had someone make, or on the market already, or they can use the computer to portray a virtual product(s), and a warehouse filled to capacity with shipment orders.:)))
Sep 03, 2009 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) -- USXP | Quote | Chart | News | PowerRating -- On Sept. 1, 2009, the Commission filed a civil complaint against three individuals and three entities alleging that between February 2004 and June 2007, they engaged in an unregistered distribution and sale of over 21 billion shares of Universal Express Inc. (USXP). The defendants raised approximately $34 million from their sales to public investors without filing registration statements. The defendants are Doyle Scott Elliott, Scott Elliott Inc., Robert Weidenbaum, CLX Associates, Inc., Michael Xirinachs and Emerald Asset Advisors LLC. Four of the defendants entered into private agreements to obtain shares of Universal Express at a substantial discount to the current market price. Weidenbaum and CLX agreed to receive shares purportedly for consulting services. However, each of the defendants immediately sold the shares they obtained directly from Universal Express without filing a registration statement and paid roughly half the proceeds back to the company. The defendants are charged with violating the securities registration provisions of Sections 5(a) and (c) of the Securities Act. The Commission seeks permanent injunctions, disgorgement, third-tier civil penalties, and penny stock bars. The Commission previously sued Universal Express, Inc. for violating the securities registration provisions. For further information see SEC v. Universal Express, Inc. et al., 04 Civ-02322 (GEL), (LR-18636 Mar. 24, 2004). [SEC v. Doyle Scott Elliott, Scott Elliott, Inc., Michael Xirinachs, Emerald Asset Advisors LLC, Robert Weidenbaum, and CLX & Associates, Inc., Civil Action No. 09-Civ-07594 (S.D.N.Y.)] (LR-21197
Agree!! Here we go again..........
and back for more.
Something happened with post 499?
IPO spin-city. It won't be long before the venture capitalist who involve themselves in publicly traded companies will start coming out of the woodwork, the hedges, like the termites they are, parasites, have bored enough holes, and eaten enough wood that the frame of the house is shaky, but it will allow those who were boroughed in deep to surface now.........what will it be this time around?, technology, oil, uraninum, realty, nah! they've done this already. How about just raising $1.15 billion from the public, that should pay for a few nights out on the town. The Host will be Goldman Sachs, and the Carlyle Group who courted the Bin Ladens, and old man Bush, along with a few friends to a stock holders meeting just prior to 911 in NY. The Bin Landens plane was the only plane allowed to get airborne other than military planes or Airforce One on that day. We can see that they are a closely knit family. The Carlyle Group also made a tiny sum of money at the outbreak of the War in Iraq.
This just may be the first round, more than not a 2nd offering is usually in the works.
Cobalt International files for IPO
Oil exploration company Cobalt International files for IPO
On Saturday September 5, 2009, 3:40 pm EDT
Companies:Energy, Inc.International Energy Inc.
NEW YORK (AP) -- Oil exploration company Cobalt International Energy Inc. said it plans to raise up to $1.15 billion with an initial public offering on the New York Stock Exchange.
The filing was made Friday with the U.S. Securities and Exchange Commission. Cobalt plans to apply to list its common stock under a "CIE" ticker.
Money raised from the IPO will be used for drilling and exploration through 2011, as well as for general corporate purposes, the company said in its filing. The 4-year-old company said it doesn't expect to generate any revenue from production before 2012.
Cobalt, based in Houston, explores reservoirs in the deep-water basins in the Gulf of Mexico and West Africa. Investors in the company include Goldman Sachs, The Carlyle Group and First Reserve Corp. CEO Joseph Bryant is a former president and CEO of Unocal Corp. He also worked at BP and Amoco.
The number of IPOs so far this year has been paltry compared to the hundreds of companies that went public just a few years ago. But the pace has picked up recently with the stock market's recovery.
Agree!!
Here we go again..........and back for more.
IPO spin-city. It won't be long before the venture capitalist who involve themselves in publicly traded companies will start coming out of the woodwork, the hedges, like the termites they are, parasites, have bored enough holes, and eaten enough wood that the frame of the house is shaky, but it will allow those who were boroughed in deep to surface now.........what will it be this time around?, technology, oil, uraninum, realty, nah! they've done this already. How about just raising $1.15 billion from the public, that should pay for a few nights out on the town. The Host will be Goldman Sachs, and the Carlyle Group who courted the Bin Ladens, and old man Bush, along with a few friends to a stock holders meeting just prior to 911 in NY. The Bin Landens plane was the only plane allowed to get airborne other than military planes or Airforce One on that day. We can see that they are a closely knit family. The Carlyle Group also made a tiny sum of money at the outbreak of the War in Iraq.
This just may be the first round, more than not a 2nd offering is usually in the works.
Cobalt International files for IPO
Oil exploration company Cobalt International files for IPO
On Saturday September 5, 2009, 3:40 pm EDT
Companies:Energy, Inc.International Energy Inc.
NEW YORK (AP) -- Oil exploration company Cobalt International Energy Inc. said it plans to raise up to $1.15 billion with an initial public offering on the New York Stock Exchange.
The filing was made Friday with the U.S. Securities and Exchange Commission. Cobalt plans to apply to list its common stock under a "CIE" ticker.
Money raised from the IPO will be used for drilling and exploration through 2011, as well as for general corporate purposes, the company said in its filing. The 4-year-old company said it doesn't expect to generate any revenue from production before 2012.
Cobalt, based in Houston, explores reservoirs in the deep-water basins in the Gulf of Mexico and West Africa. Investors in the company include Goldman Sachs, The Carlyle Group and First Reserve Corp. CEO Joseph Bryant is a former president and CEO of Unocal Corp. He also worked at BP and Amoco.
The number of IPOs so far this year has been paltry compared to the hundreds of companies that went public just a few years ago. But the pace has picked up recently with the stock market's recovery.
I hear that!!
Give a look at AIG, they had the biggest voice of all. Without hardly batting an eye the govt handed them $175b, and more coming down the pike.
Every State has insurance commissioners, where were these guys when all this was going on?. They turned a blind eye to the fraud that was occurring. Not only will the taxpayer being paying for all this twice over, but their hope may very be that they are looking to raise premiums in the future not lower them...........all the insurance companies would have to be in agreement with whatever they do?, but would any of this come as any surprise?.......when premiums are so high, and if they get more an more elevated many drop or have to drop their insurance coverage.........and many may have never used it, or never needed to, or very little, and the one day they might they don't have it. Insurance companies are devilish..........they discriminate because they can, and they can drop anyone because they can.
just give thought to how whole life insurance policies are written, or term, and over the years as a person gets older the policies either erode in value, or the premiums increase, and the insurance companies bank on people cancelling having paid on these policies for years, decades.
Just how big a voice they have, if they have any-kind of role in all of this, and on what side of the fence they stride, and in whose camp they might be in for everyone's individual State may be something to look at?. Where they stand on these issues, and what they've accomplished for consumers if anything?.
If they are in position to make sure the insurance companies are in compliance and following the laws, and Federal guidelines where were they when all this business was going on?.
James Traficant...........another moron. He must have bought that wig from Specter's designer. If I'm spelling his name right?....the one who murdered that young woman in his "castle", the record producer.........He's in prison camp now........I said before, I think anyone would be hard pressed to find even one elected official whose pockets weren't filled with dirt........corruption is so infused in Washington like molten lava over earth, that has just about runs its course, and its structure is not good. Power attached to money grabbers is self serving, and all we have to do is take a walk thru the last 45 years and look at where they've taken us...........so we can destroy mankind what?, 50x over, thats our great accomplishment, or the way we communicate, or orbital flying so we can learn more on how to spy, or transfer huge sums of money around the world?
This country is in trouble, all due to all these wonderful people who can only get money by 2 means to do it: Taxes, and borrowing, which the taxpayers pay, and we've all witnessed just recently how they shelled out trillions of taxpayers money to the biggest richest crooks in and outside our country...........
The US today, not only is there out of control violence from criminals and gang activity, but its very moral decay, and our leaders set fine examples don't they?. Our crumbling infrastructure has reached its 11th hour, and this is from coast to coast, some states worse than others. Instead of listening and following Eisenhowers lead, and advice, following up on its maintenance, some areas look like 3rd world countries, and worse, instead they chose wars, conquest for resources, and control, that didn't pan out as planned,spending this country into bankruptcy, just look at California.
Nothing like this can go on indefinetly without consequences. The price tag is so huge, and growing by seconds. Instead of keeping and building this country up and its people, its schools, and its communities to keep them safe, and securing our borders and securing our ports, its been involved with all the wrong things for to many years. 911 should have been a wake up call to govt, and the money changers, but instead we have been witness not only to one of the greatest implosions in history to the market, economy, and to taxpayers.
How closely tied the govt and its officials are to this corporate world, the the hedgefunds on and off shore, and their willingness to hand them money out hand over fist, in particular to Goldman Sachs, Aig, to the fraudsters, and embezzlers, and what their free markets, no hands barred brought about. All we have to do is follow their footprints for the last 40+ years, and what its led to many many times.
This time around was something very similar to the S&L scandals, but on a much much larger scale. I remember our govt telling us all that they were gonna put things in place to see this would never happen again. Yeah!!!!
The rating agencies who are suppose to be the most trusted sources for rating bonds, fair no better, just another link in the chain of corruption. Everyone appears to have a price, even the presidents, and all the presidents men.
All we have to do is turn on the news to learn of something crazier than the day before, and just like we all believed with all our safeguards and military protection, and with all the agents we have in our Intelligence Agencies that a 911 wasn't even possible, and it came from abroad.
We were also under the impression that what we witnessed just over the last 2 years weren't possible. Anyone or company, or bank involved in such corruption would without doubt be headed to prison. If Skilling wasn't the poster boy, or Kozloski, or Edwards, who now, Madoff?. The rest gets brushed under the rug, and we hear time and again the recession is over. It was just a word for all those that got bailed out or our elected officials.
They would like for nothing more than it to all go away, issuing rebates, cash for clunkers should be indicative that car prices are beyond what most can really afford. National Health Care when they can't even take care of the Vets.
Instead of the police serving as crime preventers, we have an explosion of not only crime but murder, and every unspeakable trespass imaginable.
Our streets aren't safe anymore and this should be the first indication that the police aren't capable of doing this job alone.............just what the answers are, and how to curtail it now is anyones guess?.......its been like a cancer, without treatment, and left unchecked it will surely grow, and they can't play both sides of the street, like many of our elected official do, or combat it the way we have in some of the military operations that failed with unspeakable consequences.
Pat Buchanan's Skeleton Closet
http://www.realchange.org/buchanan.htm
I find it impossible to defend Pat Buchanan against the charge that what he did and said during the period under examination amounted to anti-Semitism, whatever it was that drove him to say and do it:
Pat Buchanan is a moron!. Lets hope nobody takes this guy seriously?., or his sister. I once thought his sister was him dressed up in drag.
I remember when he was making a run for President, or whatever he was doing?,:)) giving a speech in some auditorium, to a crowd, and during his speech or question and answer session, or whatever he was doing?,:)), protesters came onto the stage from backstage, and from under the stage with signs that read, "Pat Buchanan Is Anti-Semitic!".
As this was being shown the commentator stated that all these people that popped up with signs were his supporters!.:)))
There's nothing wrong with hope Peg, and being an optimist, and most important happy and content. I realize I rant "alot", about things that I have no control over, and I try to make an effort for my voice to be heard to the elected officials in my State, even the Mayors office at times. Even to those outside my State, and in Washington, and I have yet to hear my name, and proposals come up on either floor.:)
Perhaps to my own detriment I can't help but acknowledge what I believe to understand about the facade our govt embraces, and then portrays themselves to the American people that they are always working in our best interest. If I were to believe this I would have to say that my half empty glass, once full from what I believed to be served up, and dranked half of what it was not, it was Kool-aid, with something in it.
If we go back almost a year now, and all the changes all those people were gonna bring to Washington, like McCain stated, "when they get to Washington they were gonna shake things up", by sending some real messages to all those who have made such a mess of things, it wasn't gonna be business as usual...........where had he been throughout his career, on some remote island?, and Obama was another who was gonna bring about change, and if he became president would not only do so much of the same, he promised the American people who he claimed elected him are those he would serve.
One of the big things he saw he would have to challenge is Wall Street, Corporatism, and out of control comp pkgs, and the legal corruption that took this economy and the markets down. Lobbyist were to stay clear of at least the White House, because he was ready for them, and the next we hear Daschle was invited to the White House......kind of back sliding on his words.........not only is Daschle a lobbyist but so is his wife. How can a President trust a hypocrite, and a person who used his elected office to benefit himself?.
"Nothing has changed for how Washington does business". Last I looked its business as usual.
The only thing that changed was an end to Reagan/Bush era, that this nation has suffered under for to many years. Their legacy will be felt for years into the future. Not only is there a time for change, but a time has arrived for those elected to serve this country with honesty, integrity, and decency...........the same they expect from our men and women in uniform.........not to much has happened so far, if nothing changes nothing changes. Washington has a way of changing those with the best of intentions, kinda like the ole saying, "he'll come around!", its either this or their sale pitches all of them use to get elected, and when they're campaigning they are serving up all the Kool-aid to get the crowds intoxicated..........spiked yes, but with no punch, just an early morning hangover.
Its the best in comparison to most countries in the world, it was the best before the European conquest, and we only have to look at its past to understand how we've got to this place, and it sure wasn't for any health born agenda. Then give a look at what we have it to compare to, and if we remember at one time it was England. This being neither here or there, your right, we can only control what we do, and we to will make mistakes throughout our lives, and make bad choices, and when we can hope to minimize these, we always will, we're all imperfect,,,,,,,,,wellll?, except me!:)))......but when we stop, we will have then become God.
When it comes to cars, and driving, its a necessary evil for most, but the one thing that I saw in Germany, were its trains, anywhere you need to go, there's a train to get there.
Kinda like NY, if we all lived, and worked there it would be way more cost effective to taxi about than owning a vehicle, there's something like 13,000+ cabs there, getting a cab is as simple as a flag. But when our only form of transportation was the horse, or horse and buggy, or wagon, or stagecoach, not only was it more romantic, but adventuresome, and grasses were plentiful, ya don't get more greener than this, when ya needed more speed ya just give him or her an apple to give a boost to their acceleration and open up more horsepower.:)
For smoking, I used to love to smell my neighbors pipe with his special blend of pipe tobacco, the thought of telling him to give it up would be like asking him to change his character. He was up in the years as his wife, and she loved to bake, when you entered their home the aroma's were intoxicating,......your tummy would begin to gnaw a little.
The insurance companies are the racketeers, pharmaceuticals, and the entire industry needs to balance with what Americans can really afford, like the car industry, and the cost for auto repairs. The reasons why the big wigs of public corporations need to put their lives into their businesses as opposed to following whats happening on Cnbc, if there are any real Americans left, who really love this country, and its people, as opposed to serving the greenback, and how many they plan to collect thru taking advantage of every legal loop hole that was created by Congress.
You can't earn $35k a year, and buy a home of $300k, but the lenders were more than happy to do it, even if a person was unemployed............same goes for the hospitals, insurance, and doctors, and medicine.........if we are in a hospital we may pay $25+ for just one aspirin.........its better to take our own with us..........this is how crazy it is. A 2 week stay could cost $100k depending, maybe more?. There's nothing wrong with a doctor making an exceptional salary for what he or she does, or the hospital making a profit, but if its way beyond affordability who goes?.........for me those are all the places I want to stay away from as much as possible?.
This was occurring on the heals of 911......and still occurring today........we don't have to look far to realize that most of our products are manufactured in Korea, China, or Japan, and other Asian, and Indonesian countries........we have empty containers that are unloaded on the West Coast stacked so high that the material could build skyscrapers, but what its being used for as opposed to shipping our products?......what ever these may be today, other than the sell of military hardware, are homes built to last, that will never rust or corrode. GATT, and all those elected officials who got on board of all this, signed onto an agreement all 22,000 pages that none read for the World Trade Organization...........first it was Nafta, what next?.
http://answers.yahoo.com/question/index?qid=20070122121847AAjxOyM