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.
I'm ready. LOL!
I'd expect several hundred reposts of articles about reforming the mental health system before we'd see such a thing. LOL!
Frankly, I'd rather see a proper annual report with a Sarbanes-Oxley declaration from the new directors.
Who is going to press charges against him? Mataras and Safadi had an opportunity to press a Federal case for the "theft" of the computer gear from Telynx, but settled for its return. Why haven't any of his purported victims stepped forward with charges? Are the waters all too muddy here?
End of an era...
Hollen was deservedly fried:
http://www.investorshub.com/boards/read_msg.asp?message_id=2983456
If it's genuine, and we have no way to know if it is, it's quite unprofessional. Whether or not it's false and misleading remains to be seen. I'm waiting to see if Mataras will sign a Sarbanes-Oxley declaration.
So what are your claims on Telynx, g!? Without disclosure of the contracts you referenced, you're just another message board clown.
What's the story, g!? You hate Hartley, but you post his prose without attribution.
The actual proposed rule is better anyway.
http://www.sec.gov/rules/proposed/33-8407.htm
LOL! People in Vegas don't bother with pennies because there are no more penny slot machines.
You'll like this one...
There are a few old penny slots in one of the tourist-trap saloons in Virginia City. I hit a jackpot one afternoon--100 copperclad coins poured into the tray. The bartender wouldn't exchange 'em for folding money, and wouldn't even take 'em in payment for a cold one.
The drugs'll kill you, g! Just say no.
What attorney will take your case? You couldn't afford to defend yourself against the SEC's complaint. You're all bluff and bluster...entertaining, but impotent. The truth is out there, but it's quite apparent that it's not going to come from you.
Oh, Mataras sold at least 110 pennies to you for a buck each, that is unless you forged his signature.
A question, if I may...
Do you know why Kenny (Aerial) and you are occasionally switched around in accounts of your Scientology daze?
http://groups.google.com/groups?q=%22gabe%20acs%22%20%22kenny%20acs%22%20long&num=100&hl=en&...
Is it just the tendency to associate the name 'Kenny' with a man. Funny to see 'Gabe Acs Long' in print.
So now you're older and less naive, but just as whacked.
Bank of China?
Philippine Gold?
Penny shortages?
Lawsuits against the Fed?
Class action against 'bashers'?
If your press releases are not parody, then you're likely certifiable.
Penny King Launches Major Acquisition and Alliance Drives
BUDAPEST, Hungary--(BUSINESS WIRE)--Jan. 1, 1999--G! Alex Gabor,
president and CEO of Penny King Productions Inc., a Budapest-based global
entertainment company, announced it has made offers to acquire interests
in global banking and entertainment companies in
an effort to expand its 25,000 plus shareholder base.
The company recently announced it has made a written offer to chairman of
Microsoft, Bill Gates, to acquire 10% of
Microsoft Corp. [Nasdaq:MSFT - news] for the sum of $400 billion. Last
week the company offered $100 for every dollar
for the Bear Stock of Julius Baer & Co. of Switzerland, a private
international bank with $70B in assets. Further, the company
has expressed an interest in acquiring all of Universal Studios of
Hollywood, Calif.
Penny King Productions Inc. is an entertainment, media and financial
services holding company whose affiliates include
Excalibur Funding Group. PKPI is traded internationally with one trillion
of its shares (20%) owned by its founder and chief
executive, G! Alex Gabor. The Free and Clear Foundations of Earth,
International own an additional two trillion shares. The
stock has been trading at $1 per share for the past 12 months.
The company has been involved in the production of a film in which a man
who appears homeless buys up pennies for a
nickel each from the poor and downtrodden while driving the value of the
U.S. dollar through the roof. Release of the film is
set for Dec. 31, 1999 in theatres and on the Internet.
http://groups.google.com/groups?q=%22penny+king+productions%22&hl=en&lr=&ie=UTF-8&oe...
This old piece is a great example of why one should not post under the influence of powerful psychotropic drugs...
Penny King Calls Homeless Rally in D.C. in front of Fed Res Building (english)
by thepennyking
Email: thepennyking (at) yahoo.com (unverified!)
Address: 201 Professional Drive phone: 301-455-3192 Current rating: 0
24 zá? 2000
copy of article from old system
24/7 vigil in front of fed res bank in building with one chant, "Show us the money".
Found under http://www.iexchange.com "thepennyking"
He is "The Penny King". He began investing in penny stocks 20 years ago. He triggers mergers/acquisitions, tender offers, plays the global currency exchanges, starts friendly takeovers, and consolidations. He donates 100% of what he and his group of investment advisors generate in the stock, bond, options, deriviatives and currency markets to the Free and Clear Foundations of Earth, International. The Foundations in turn perform two functions with the money. First and foremost, they buy pennies from homeless people for a nickel each. They buy nickels from poor people who earn less than $12,000 per year for a quarter each. They buy quarters from middle class folks for a dollar each. And they buy Liberty Dollars from wealthy people for a Benjie, that's a Ben Franklin $100.00 bill. (All this cumalitive activity over the past eight years has caused some interesting things to happen in the foreign currency markets, including 130 central banks recently attempting to prop up the Euro). The mission of the Free and Clear Foundations, a supersized version of Habitat for Humanity, is to clear the earth of all Debt within the next decade. Secondly, they loan up to 80% of the purchase price for a single family owner occupied home for principal only, meaning Zero Interest MortgagesTM, or Principal Only MortgagesTM. (ZIMs or POMs). The Foundations, through their advisors and brokerage networks, make a market in the mortgage backed paper to foreign investors who are seeking a hedge against the surging dollar. The Foundations offer any company acquired by "thepennyking" these programs as an employee benefit. The Foundations are the largest stockholder of Penny King Productions, Inc., and the Free and Clear Bancorporation. Penny King Productions also has a large stake in the Bancorporation, whose only current subsidiary is "The Bank of Pen". The Foundations, through their affiliations around the world, have established the Free and Clear Fund, a private offshore fund, which pools funds from investors in 200 countries outside the United States, to be utilized as an M&A Fund. Donations to the Foundations are also used on an interim basis in this fund, currently around $11 billion. In 1993 his personal assets were around $2 billion. Today, his assets would be in excess of $29 billion, however, his fortune is managed from offshore locations and trusts, all of it donated to the Free and Clear Foundations of Earth and managed by him, its' Senior Trustee. He was a banker in the mortgage industry in Seattle for ten years. He has worked for dozens of industries including publishing and film in Los Angeles. He is an accomplished author of several books under different "pen" names and is an expert "punster". He enjoys making people wealthy, if they are willing to donate half of what he has showed them how to earn, to the Free and Clear Foundations. There are 66 organizations globally. If he likes the company he doesn't want to just own a couple of shares, he wants to own all of them, and utilize the company's stock as a currency to fulfill his mission in life, to rid the planet of debt. He likes to create wealth for the greatest possible number of good people. He can be in and out of a stock within seconds so this site does not reflect real time positions or trades. For up to date data you can go to www.investorshub.com and under "Stock Clubs" "Long Term" and click on "The Penny King's Free and Clear Fund" He asks that you give away half, just like "The Greatest Salesman on Earth", a book by Og Mandino, a book he highly recommends you read in order to understand his investment philosophy. As the Senior Trustee of the Free and Clear Foundations of Earth, International, he is responsible for managing a portfolio in excess of $35 billion. He has owned off-shore banks, many Canadian and US companies, knows real estate inside and out, and is Magyar, (Hungarian) like George Soros, one of his favorite mentors. (the only living person on the planet in history so far to have made $1 billion in one day by shorting currencies. His other favorite mentor is Nikola Tesla, the Croatian inventor of alternating current patents sold to Westinghouse in 1893 for $1 million. Currently, he is working on over 1000 merger deals simultaneously, some of them penny stocks, some of them large multinational deals like Deutche Telekom, Telecom Italia, France Telekom, British Telecom et al. He favors a consolidation in the REIT, Banking, Financial Services, Computer, Technology, Entertainment, Publishing, Health Care and Telecom industries. He has been talking to numerous telecoms about a new technology called ThoughtWareTM, which allows humans to communicate with computers and phones etc without a mouse, keyboard, keypad or VRT, just a thought! If you don't believe that such a technology already exists and is being improved upon and rapidly advanced take a short visit to www.ibva.com. He generally values a company at ten times book value, which is usually his tender offer price, unless he sees some hidden extra value in a company. If the company is trading under book, he tends to jump on it. If it is way over book, like Amazon and Yahoo, he is short for short periods (one to three days). He tends to buy in Europe and sell in the United States, and is short the Yen, Euro, and 200 other currencies at different times throughout the day or night. His profits from these currency transactions provides the means to buy more pennies, nickels and quarters from the public through the Foundations. He forcasts that a single global currency (the World Dollar) will eventually evolve, replacing even the U.S. Dollar, which will be the last one to go, and a Free and Clear (debt free) planet will be the end result. He agrees with Michael Miliken, the former junk bond King, that the coming rapid technological changes shall be as miracles and wonders to all of us. He recently recommended shorting 5 trillion yen to the Foundations. A few days later, Japan's Central Bank raised its rates for the first time in 10 years. His letters to certain U.S. financial institutions preceeded the current consolidation in the financial services sector. Some of his letters to various boards and investor relations people, and proposals, are published here for all to see. Companies that have obtained copies of the prospectus for merger and consolidation are noted in the body of the postings or at investorshub.com. Currently he is working to consolidate over 1000 different companies into one, and merge 84 major global financial institutions into the Free and Clear Bancorporation, the only bank to recieve a license for Zero Interest MortgagesTM from the Foundations. He is an advisor to many foreign governments on how to get out of debt, increase productivity, and build a Free and Clear Society. Your reading of his reports contributes and assists in that cause. To gain further insight into his investment philosophies, he recommends you read George Clason's book, "The Richest Man in Babylon", written just before the last depression, or all the books written by George Soros. His favorite quote is, "God Blesses You a Trillion Times Per Second". A full copy of his Red Herring prospectus will soon be made public on the Internet, as soon as the portfolio is firmed up. The postings herein are not offered as investment advice and is solely published by the Free and Clear Foundations as free information. He is currently, through the Foundations and other foreign organizations, negotiating to buy all of the outstanding debts of the United States Government and restructure them so they can be paid off within 48 months, thus increasing the value of the dollar even further. 40% of the national debt is owned by foreigners. In response to the recent intervention on the Euro by the various elements who oppose a Free and Clear Earth, he has begun to market a special commemorative gold backed penny at eBay.com. Item #443695033. The Foundations plan to export about 600 billion U.S. pennies to the Chinese over the next 24 months. That's only 600 pennies per person or $6.00 for 1 billion people. "Save your pennies", is his best advice
http://prague.indymedia.org/newswire/display/9941/index.php
jurisper- There are, as usual, more questions than answers. It seems as if Acs is back in Reno, and also as usual he seems to be using...the old tried and true strategy: "If you can't convince 'em, confuse 'em."
Of course he was doing 'undercover' surveillance at the tranny club in Vegas and now would seek a reward. Right, and pigs fly. LOL! What will the penniless king do next?
I'd love to hear from Samaroo, Reid and Miller to get their stories, but I expect they're rather embarassed by now.
Is thepennyqueen ACSually thepennyking in drag?
I assume that you (meaning Acs) introduced them. I seem to recall some old Penny King blather about films--Penny King Productions? Did Safadi believe you were a 'billionaire'?
That the current Board of Directors are all apparently former associates of Acs diminishes their credibility.
Are you claiming that you've caused a penny shortage in Vegas, or are you talking about your pocket? Sorry g!, but you deserve no sympathy. You can fool people only for so long before your lies come back to haunt you.
g! Give credit where it's (ahem) due. You ripped that directly from jurisper's post on RB:
http://ragingbull.lycos.com/mboard/boards.cgi?board=TLXX&read=120293
I guess you're fresh out of pride or shame.
Bonnie- I expect that anything he posts will be BS...
...but it should at the very least be entertaining.
Numbers 5 and 6 beg the question of whether the software is worth anything; its current specification and status.
I don't mean convertible preferreds...
...that you claim to have. Do you own any common shares? Your testimony in the ongoing case v. SEC indicates you have none.
In Re GABOR,ALEX S, et al
***THIS DATA IS FOR INFORMATIONAL PURPOSES ONLY***
UNITED STATES BANKRUPTCY COURT
WESTERN DISTRICT OF WASHINGTON - SEATTLE
In Re GABOR,ALEX S, et al
PETITIONER: GABOR,ALEX S
369-64-XXXX
9805 NE 116TH #115
KIRKLAND, WA 98034
AERIAL,TIGER
548-62-XXXX
15127 NE 24TH #242
REDMOND, WA 98052
aka ACS,GABRIEL A
aka GABRIEL,ALEXANDER
aka ACA,G A
dba BARTER TRADE NETWORK
dba ADVANCE CAPITAL
dba EXCALIBUR PRODUCTIONS INC
dba ACS VENTURE CORPORATION USA LTD
dba J R ASSOCIATES
dba EXCALIBUR CAPITAL
dba EXCALIBUR MANAGEMENT
dba FIRST REPUBLIC BANK LTD
dba MERLIN ENTERTAINMENT
dba AMETEX INC
dba SOURCE MORTGAGE INC
dba HIGH YIELD INVESTMENTS
dba THE GABRIEL A ACS TRUST
dba THE HUNGARY FUNDS
dba WA COALITION FOR ALTN TAX SYSTEM
aka ACS,KENNY L
aka O DI SAFEYETTE,GABRIEL
aka ALEXENDER,GABRIEL
aka ACS,G A
aka AES,G
dba ASIA CAPITAL SUPPLY CO LTD
dba EXCALIBUR PRESS
dba ADVANCE CAPITAL SERVICES CORP
dba ASSOCIATED CLEANING SERVICES
dba EXCALIBUR PROPERTIES
dba EXCALIBUR HOTEL COMPANY
dba FIRST REPUBLIC PARTNERS LTD
dba MERCURY MARKETING
dba MIRRAMAR TALENT MANAGEMENT
dba D I PRODUCTIONS
dba WES COAST MORTGAGE CORP
dba HIGH YIELD MORTG AND INVESTMENTS
dba THE ACS ESTATE MANGMNT TRUST 001
dba BUDA TRADING CO LTD
aka ACS,KENNY
ASSETS: $ 1,950,864
LIABILITIES: $ 761,079
NUMBER: 9307661
FILED: 09/24/1993
TYPE: CHAPTER 7 FILING (NEW/REOPEN)
STATUS: Dismissed
DISCHARGE/DISMISS DATE: 11/23/1993
ASSETS AVAILABLE FOR DISTRIBUTION: NO
OREGON CIVIL CASE INDEX
Plaintiff: ACS GABRIEL A, PETITIONER
915 E PINE ST 101
SEATTLE, WA 98122
DOB: 4/24/56
AKA/DBA: GABOR ALEX
Defendant: SARGENT SANDRA L, RESPONDENT
200 SW GREENRIDGE DR #602
LAKE OSWEGO, OR 97035
DOB: 1/28/70
Filing Date: 2/22/1995
Case Number: DR9502301
Court: CLACKAMAS COUNTY CIRCUIT COURT
Judge: MENDOZA ELLEN
Filing Type: DOMESTIC RELATIONS
Case Type: DOMESTIC RELATIONS ABUSE PRVNTN
Status: INACTIVE
County: CLACKAMAS
State: OREGON
Those who took such tripe 'seriously' are the typically gullible fools who populate the message boards of scammish penny stocks--the same cretins who believe that their investments have failed because of a vast international conspiracy of height-challenged nudists.
Has it ever been a good stock?
The personal business with your wife is the stuff of soap operas, g!, but you mentioned a few items in your rant that are of interest as relating to TLXX.
Specifically, can you please elaborate upon the following:
"the black books and that government payroll money you took in DC"
" the Greeks, the Isrealies and the Lebanese are all so interested in TLXX and have their hands caught in the cookie jar honey! Tell them what the software really can do honey, particularly with telecom surveillence operations. Tell them about Egypt Telecom and the Hewlett Packard contract that was tortuously interfered with"
"contracts with Beth Ochoa, Paul Mataras, and Talieh Safadi related to TLXX or did they forget to include those in their 8K filing?"
" contracts with Beth Ochoa, Paul Mataras, and Talieh Safadi related to TLXX or did they forget to include those in their 8K filing?"
By Greeks and Lebanese, you are apparently referencing Mataras and Safadi. By 'Isrealies' [sic] you're referring to the Grins (Laurus)? What CAN the software 'really do'?
How many shares of TLXX common do you (or FCFA) presently hold?
Accurate in terms of what has been filed with the SEC, mmayr. That's at least better than we've seen in a long time. Don't get me wrong here--I don't trust Mataras much either, and I expect that there are more than a few acts yet to be seen in this play.
What is emerging as quite obvious is that as many of us suspected all along, the Penny King's purported 'billionaire' status is a sad joke, and the press releases issued under the Free and Clear Press Corps are apparently fiction--entertaining, but if they are not parody then they could easily be construed as fraudulent.
Considering the paltry volume recently, there's a defacto halt anyway.
From an investor's vantage, it seems quite clear that Mataras has a more legitimate position than you. I don't see you submitting any proper filings with the Commission.
I'll feel better about the whole affair when I see a Sarbanes-Oxley declaration signed by the new officers of the corporation in a periodic report. Until then, it's still just non-reporting pink-sheet trash and 'caveat emptor' applies bigtime.
So why haven't you come forward with this information before? You are without a doubt quite imaginative...or is 'delusional' more appropriate? The problem, g!, is that you've told so many whoppers that nobody believes you any more.
Well mmayr, it would seem to me that since Mataras has made the first filing with the SEC in a very long time, and claims in that filing to have struck a deal with the former management, that one can take this as a very strong indicator of who has control of the corporation presently. Issuing false press releases are one thing, but false SEC filings are quite another.
Here is the text of the "Domestic Violence Report"...
...from the Las Vegas Metropolitan Police Department, dated 4/16/04 Event# 040416-3265. The victim is listed as Sandra Gabor, and the suspect is listed as Gabor Acs.
Victim and Suspect have been married for 10 years and have two children in common. Victim came to LV to retrieve their vehicle which was filled with computers and parts. She found their vehicle parked in front of the L.V. Lounge. Using her key she opened the front door not realizing the suspect was in the backseat with a girl/male friend. The suspect stated he got out of the backseat and grabbed the victim from the drivers seat dragging her from the vehicle causing her to fall to the ground. Victim said he also hit her four times, with his fist, in the face. When suspect was told he was to be arrested he fell to the ground as if having a seizure. Medical was called and he was transported to the hospital.
The report indicates that Acs was arrested. It's my understanding that the 'computers and parts' referenced were the property of Telynx.
What now, g!? If you really want help, PM with details.
Frankly, I don't see why you can't just contact her yourself.
LOL! Be assured, mmayr, you'll be one of the last to know. One of the reasons the tale has not been told in detail, is that there are conflicting descriptions from the same source. Those of us who do care about accuracy are awaiting confirmation from an official source. This is certainly one of those cases where the truth is far stranger than fiction.
mmayr- Why do you think it's over? From my vantage, it's just beginning to get interesting. What do you mean by 'major meltdown'?
Advanced Capital Services Corporation
625 Rabbit Ridge Court, Reno, Nevada 89511
(775)-852-4452 or Fax (775)-201-1242
Gabor Sandor Acs, President
International Venture Capital
MBS CDO CMBS PIPES
Alternative Investments
Email: AdvancedCapitalServices@thepennyking.com
Draft Agency Agreement
January 8th, 2004
Name: ____________________
Company: _________________
Address: _________________
Telephone: ________________
Fax: ______________
Cellphone: __________________
Email: _____________________
Re: Representation of Advanced Capital Services Corporation
A Delaware Private Venture Capital Company
Dear _____ ________:
This Agreement shall memorialize the terms and conditions by and between _____________, an individual agent to be duly authorized by the Corporation, and a resident of ____________________, whose address is ________________________________________ ("Agent"); and Advanced Capital Services Corporation, a Delaware Private Venture Capital Company ("Corporation") with respect to the Corporations purchase of Agent?s time and talent with reference to representations with certain companies in which the Corporation has or is in the process of acquiring an interest in. ("Company").
1. Compensation:
a. Agent shall receive $500 per hour up to 2 hours for attendance at Board meetings, maximum of 4 per year per Company, for either regular or special meetings. For other meetings, if necessary, compensation will be in stock options, warrants or deferred compensation directly negotiated with each Company. Corporation shall pay the first $1,000 of compensation under the agreement. If the meetings last longer than 2 hours, the Company shall pay any additional compensation in an agreement to be negotiated between the Corporation, the Company and Agent.
Payment to be made 30 days in advance of any regular scheduled Board meeting. Full Directors Liability insurance coverage to be provided by the Company. Agent shall be guaranteed at least $1,000 per board meeting and shall be paid 30 days in advance of the scheduled Board meeting.
b. Agent shall receive a 1% referral/finders/negotiators fee for the first Company brought to Corporations attention that is publicly or privately traded, that may be of interest for consolidation, convergence, acquisition, merger or joint venture projects being worked on by Corporation. The 1% fee shall be based on the total number of shares acquired by Corporation in any transaction, whether directed, assigned or introduced by Corporation or Agent. Agent may be asked to contact various publicly traded or privately held companies that may be of interest to Corporation during the term of the proposed agreement. This compensation may be increased at each successive transaction in which the Agent participated according to the published policies for compensation issued by the Corporation from time to time.
c. Agent shall receive 5% of total additional capital raised directly by him, or for direct referrals to capital sources that actually invest in each business plan of consolidation, mini-tender offer, partnership, merger, acquisition, joint venture or special financing partnership placed with Corporation, or any other affiliates and subsidiaries to be formed in the future during the term of this contract. Agent may be asked to contact specific sources of funds introduced by Corporation to make presentations, or close a sale, and the fee for assistance in making said presentations and closing said sales shall remain 5% of the amount funded payable in cash at the closing of said funding.
d. Agent shall receive 1% of the total value of any real estate acquired, or real estate financing procured by any joint venture, publicly traded company in which Corporation has acquired an interest, or the Corporation itself, on behalf of such entities in cash at the closing of any such transaction as a direct result of agents efforts.
2. Scope of Work to be performed:
Agent shall represent Corporation on the Board of Directors up to a maximum of five (5) Companies in the fields of education, entertainment, technology and/or financial services in which it has acquired an interest that is greater than 5% owned or controlled by Corporation. Each assignment will begin upon confirmation of Agents election to the Board of each company. Agent will be responsible for filing a briefing report to Corporation following each Board meeting and reporting to Corporation agent?s findings and recommendations on each and every issue brought before the Board at such meetings.
Agent will not bind the Company or the Corporation to any agreements or contracts without prior written approval of Corporation or Company and shall not act in any manner so as to effect, or cause to effect a change of control of any Company without the approval of the Corporation. Agent will act as an independent agent, not an employee of either Corporation or Company being represented and will be responsible for all taxes, expenses or other costs of providing time and service under the agreement.
3. Treatment of Liabilities and Directors Insurance:
Agent shall have no liabilities arising after each appointment under any contracts or obligations specifically assumed in writing by Corporation. Agent will not assume any liabilities of any Company of any nature, whether known or unknown, absolute or contingent. Full Directors Liability insurance coverage to be provided by each Company.
4. Term of Agreement and Agency:
The term of this agreement shall be for 5 years, but Directorship on any Board of any Company shall range between one (1) and three (3) years depending on each Company by-laws and established policies. In the event of your request to resign from a particular Board in which you represent Corporation's interests, you will notify Corporation at least 30 days in advance with the reasons for the request to resign. Corporation shall have an option to extend the term of the Directorship for 60 days from the date of notice to find a replacement, or waive extension clause of the agreement at it sole discretion. This agreement shall be renewed for an additional five years at Agents option.
Agent will have the right to decline an assignment to represent it on the Board of any particular Company in which Corporation intends to acquire or has acquired an interest in under the terms of this Agreement within 10 days after the filing of any 13D or 13G by Corporation making public disclosure of Corporations interest in any particular public Company and/or the date of notification of a request to Agent by Corporation to serve Corporation for that particular Company, whichever occurs later. In the case of any Central European company being acquired by Corporation; commencement of service shall begin on the date of closing of any transaction initiated by Agent or Corporation.
Corporation shall retain the rights to a termination of this Agency Agreement for any just cause which includes false reports, failure to report, failure to report a material event, failure to attend any Board meeting without prior advance written notice after acceptance of an assignment, accepting a bribe, malfeasance, money laundering, failure to act in a fiduciary capacity in the best interests of stockholders, illegal insider trading, disclosure of confidential information, disclosing information to the press or media, or making any destructive critical negative statement about Corporation or Company being represented, publicly or privately.
5. Use of Information:
All information provided to Agent which is proprietary to Corporation or Company and not generally available in the industry (the ?Information?) will be used solely for the purpose of evaluating the business plans, strategies, and methods used by Corporation, and Agent and/or its Representatives will keep all Information confidential, except that Agent may disclose Information to its Representatives who need to know Information for the purpose of evaluating the proposed representation or any particular transaction. If any transaction contemplated by Corporation is not consummated, Agent will promptly cause all copies of any Information in its possession (including without limitation all copies of the Information in the possession of any such Representatives and/or prospective lenders, investors, strategic partners or joint venturer) to be returned to the Corporation or immediately destroyed.
6. Exclusive Dealing and Non-Circumvention:
From the date of this Agreement and throughout the period of this Agency Agreement, Agent shall not, directly or indirectly, through any other person or entity or otherwise, solicit or entertain offers from, negotiate with or in any manner encourage, discuss, accept or consider any proposal of any other person or entity, including the Company, relating to the purchase of Stock by the Corporation, representation of other stockholders on the Board, or any other dealings which may jeopardize the Corporations interests in the Company. Further Agent shall not influence, endorse, or cause to be executed any prior agreements or authorizations for a reverse split of any Company common stock, or enter into any merger or acquisition discussions with any other person or entity, without the prior written consent of Corporation. Agent agrees not to circumvent Corporation on any matters dealing with financial institutions, investors, sources of funds, strategies, methods of operation, trade secrets, or other material knowledge used by Corporation in its business dealings.
Agent is hereby granted a non-exclusive Agency to represent the interests of the Corporation as it relates to expansion of its business and investments in the United States of America.
7. Disclosure:
Except as and to the extent required by law or as otherwise specifically provided for herein, without the prior written consent of Agent and Corporation, no party to this Agreement shall, and each shall direct its Representatives not to, directly or indirectly, make any public comment, statement or communication with respect to, or otherwise disclose or permit the disclosure of the existence of discussions regarding any possible transactions between the parties or any of the terms, conditions or other aspects of the transaction proposed in this Agreement , or disclose any information whatsoever regarding negotiations between Corporation and any Target Company,
8. Costs:
Each party shall be responsible for and bear all of its own costs and expenses (including any intermediary's, investment banker's, broker's or finder's fees) incurred in connection with this Agreement of Agency, including without limitation, expenses of its Representatives incurred at any time in connection with pursuing or consummating the proposed Agreement.
9. Termination:
This Agreement may be terminated (a) by written agreement of Corporation and Agent or (b) upon written notice by Corporation as per paragraph 4 above. Upon termination of this Agreement, the parties shall have no further obligations hereunder, except as stated in Sections 5, 6 and 7, which shall survive any such termination.
10. Nature of this Agreement:
This Agreement is for the purpose of setting forth the present understanding of the parties with respect to the transactions contemplated, authorized, executed and delivered by and among all parties hereto and all conditions herein have been set forth.
11. Assignment:
Corporation shall have the right to assign its rights under this Agreement to any affiliate or subsidiary of Corporation without the consent of Agent. No such assignment shall release Agent or Corporation from its obligations hereunder.
12. Closing:
This Agreement is considered "Closed" as evidenced by the signatures of the authorized parties to this Agreement herein below and executed in duplicate.
13. Commitment to Corporation:
The Corporation intends to donate half of all its acquired Stock to the Free and Clear Foundations of America, Inc., essentially making the Foundation a part owner in any Company in which Corporation has an acquired interest. Agent shall be solely committed to Corporation and will not represent Foundations or other non-profit agencies of Foundations in any matters relating to Foundations ownership of Shares in any Company.
Both the Agent and Free and Clear Foundations of America shall be committed to supporting a strong Company relationship, strategic interests, products, services and working jointly with Corporation and Company to implement certain confidential international business plans which will result in mutual profitability to all parties concerned.
The undersigned duly hereby execute the mutual agreements set forth herein and on this ___ day of __________ 2003.
Very truly yours,
Gabor Sandor Acs
REVIEWED AND AGREED TO:
______________________________
/s/ ________________________
By: _____________________________
Authorized Agent
Date: January ____, 2004
REVIEWED AND AGREED TO:
Advanced Capital Services Corporation, a Delaware Private Venture Capital Company
By: /s/Gabor Sandor Acs
Gabor Sandor Acs, President
Date: January 8th, 2004
Hey g! I've been trying to find a copy of your book, Confessions of a Sex Crazed Money Man--you know, the one with your picture on the back cover. I'll swap a copy of Clason's Richest Man in Babylon in pristine condition for one, and I'll even throw in a big jar of pennies.
LOL!
Of course I "got that right". We have your number, gaby baby, and you are not going get away with posing as the hero in this story.
That doesn't mean that Mataras, Safadi and Ochoa are competent to run a public company. As you point out, they've apparently already withheld some essential information and have been caught misrepresenting some of the details. They were stupid enough to be conned by you, which doesn't look very good on their resumes. Did they sign that ridiculous agency agreement you sent to me? What about the rest of the now-former TLXX board members--Miller, Samaroo, Reid, etc.? Seems they bailed rather quickly. I expect they'll all sing to save their hides.
g! I heard that you were arrested for prostitution, theft and that you beat Sandra Leigh--your ex-wife and former TLXX secretary--mercilessly. Were the kids there too? I didn't hear that part. Are you out on bail or did you intimidate Sandra into not filing charges?
I wrote to Matt and asked that the outdated board info be cleared.
Now that should be interesting indeed. It seems, since he's posting here, that he's either been bailed out or charges weren't pressed.
Hey g! Don't you want to tell us the tale? Can't be any more outrageous than some of your earlier exploits. I hope we don't have to wait for the sequel to your 'Confessions of a Sex-Crazed Money Man'.
Cassandra- Welcome aboard!
Controlling shares may mean preferred shares with super-voting rights, that are convertible but not converted yet to common. Therefore the float may be much larger percentage of the o/s. It would be very nice to see some clarification here, but I don't believe the new corporate counsel has any securities experience in her six years since law school.
The intent, mmayr, was to defraud you and everyone else. Awaiting confirmation of rumours, but it looks like the Penny King's reign is over.
Quite an amazing story developing...
Hilarious! I heard Acs got served with 21 NEW charges. This is getting to be very entertaining.