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SLMan
That's pretty interestin. I have a friend who deals with NIR. In a conversation this weekend he told me NIR is actually a 750m - ! billion dollar fund. They advirtize themselves as a 7 billon dollar fund. Their investors might be just a little interested in that spread. There's plenty more but that's a liile food for thought today.
SLMan. Me a moderator?
Naw not good. I don't have enough info on Cyberlux ta do justice to the company or the shareholders. Tell ya I might do though if I get a little jiggy. I may have some buds start a hedge fund board. I still see dudes postin that don't really understand how the game works. Both from the position as a crooked fund or crooked CEO. Any board I'm involved in startin will likely be on a seek and destroy mission.
Good for Cyberlux
I can think of a couple dozen possibilities outside of military apps. Renewable energy. Nice goin Cyberlux. I'll be watchin this.
blue chips
Credibility is also imperative on this rag. So far it aint happenin.
t bone.
Read the Merrill Lynch NORMA connection and you'll see another stream. It's gone now. NIR would never short. However third parties will with the proper inside info. That did happen, trust me. A big shake up started at NIR in 2008. People are gone that i know were dirty. I've also been told by trusted people that certain others that have been asked about on Ihub are no longer gettin a listenin ear at NIR. The broker and pinky scam dudes. Talk is cheap. We'll see what the next few months brings. I'm no defender of NIR. A little dd on your part will find that out real quick. I'm waitin ta see if they're of the smart group.
Look at the company bi-laws
See what protection they have. Do they have D&O insurance? If ya can show personal gain at expense of shareholders with the use of fraudulent PRs ya have a good start. I suspect you'll find the officers protected in some way. If ya can find a shareholder that's a crippled American Indian women get her on your side.
SLMan. It's survival time.
I see a huge opportunity for a smart fund manager. Man Group needs ta show investors they are opposed to the crap. They had better or they're friggin dead. I'd love ta be a small fund with a model that works with a 1%/10% fee and just a couple a smart dudes. About 1 billion under management is where I'd like ta be. Find solid companies and real PR. I know those that are movin in that direction now. Pay investors at the expense of your own salary. Put the shortfall on the books. At least within reason. That mentality will friggin kick some ass in the next couple a years in hedgie world. Do it right and ya won't be a 1 billion dollar fund for long. There's lotsa people with lotsa money that don't want ta be concerned about their return. Just confident it will happen.
I depends on what you're after.
If it's a pink company and ya have real violations ya could have FINRA and the SEC do a lotta your work. If ya go at it with a good lawyer and there's nothin ta get he'll just want the bucks. What's your best case? Ya now own a dirty shell? Is there real business? Who else is involved and can be named. The pink sheet cons have their exit strategy. They play the game until the gig is up and bank on the fact that no one cares enough ta go after em. They don't like ta spend money, they like ta take it. You could just end up with a default judgement. Search around these boards for litigation that is goin on now. Talk to the lawyer and the plaintiff if possible. I'll tell ya this mullet. If you're lookin at PHMB and tryin ta get real info on that board you're wastin your time. Look at the deleted post count. Many are mine. They don't want ya lookin at certain people. Ever heard of keepin your enimies close so ya can watch em? They go one better. If they ask a question that is gettin too close ta home they delete it.
Mullet
In most cases it's tough. Simply about the money. Jurisdiction aint a big deal. While they settle the jusisdiction question the meter is runnin. So again it's a dollar thing. Some of my best friends are lawyers. Ya notice that lawyers are not sworn in. That would ruin the whole system. Pick one like you're at the horse races. In a media attention grabbin case it's a different ball game. These dudes love ta see their name in print. Gives em the feelin that they're more than a paper producer. They can plant someone at the next party who'll bring up that they saw their name in print. That's a huge friggin deal to em. Bottom line ta those lookin for a lawyer. Create news. Create news and when you're done with that create news. They'll call you. Then talk pro bono. Everyone needs ta advertize. When ya get in gear do not let them think for ya. Huge friggin mistake.
woog
That sht has gone on for a long time. When the rating dudes couldn't even go along with the pump and dump the cards fell at light speed. Let's call it Ground Zero for Streep and Fred. The Weekend at Bernies could also be called another Ground Zero. I posted about those that needed ta get smart or fall. I'm actually hearin that there more be itelligent life in Bedrock. I've also heard that about Mars too. We'll see. I'm at idle, waitin.
doesdd
I didn't come here ta make friends. I said everyone here has an agenda. If you agree with the facts I post I think you're smart and dumb when ya don't. I've been smack in the middle of things that make me a little sour. People and events that make this sht look like a little leauge ballgame. Ignor me. I've got nothin against you. I do things in a far different way than you're use ta but I'm here for a reason. I didn't just drop in ta make your life miserable. I said in another post that"ya don't send the Red Cross to the front lines. Ya send me and my jolly little group of friends. The sht stops or life gets a bit hectic. So send me happy thoughts if ya like. I enjoy mail but I'm gonna do what needs ta be done. That's what's sad.
SLMan
No I haven't contacted Brown. I'm waitin ta see how things go in the near future. He may or may not be the type of person I'd contact. I know very little about him. Only claims made through his attorney. I've seen their debt load and some interestin claims. I've asked some questions about those claims and have heard little. I'd love to be the attorney askin both him and Ribotsky deposition questions. Right now I'd say they both have many reasons to talk business.
2009 FBI report portions
I can add several additional fraud indicators but this gives you an idea where this industry is headed. There’s more from the SEC if you look and both agencies will ramp this up after Bush is out. I’d venture ta say every hedge fund has their fears regarding 2009. Some much more than others. Complaints will drive the investigations. This post is about the industry itself not just NIR. There will be a line of those investigated. It’s gonna be a matter of where ya stand in that line.
The current investment climate, which lacks regulatory scrutiny, may tempt unscrupulous hedge fund managers to commit fraud. Hedge funds themselves are not illegal; they are simply the vehicle that facilitates fraudulent activity by managers. The FBI has investigated a variety of frauds that involve hedge funds. In the Daedalus Capital Partners case, for example, a classic advanced fee scheme was perpetrated by the hedge fund manager; investors received false financial statements claiming large profits, when in fact the money was being siphoned off and used to finance the manager's lavish lifestyle. In the Global Time Capital Growth Fund case, on the other hand, the hedge fund manager was convicted of trading on material non-public information regarding an impending bank merger--a classic example of insider trading. Finally, in the Bayou Management LLC case, the hedge fund principals created a legitimate hedge fund, suffered losses in trading and later issued false financials to their investors to hide those trading loses.
Civil regulatory agencies like the Securities and Exchange Commission and the Commodity Futures Trading Commission have identified several indicators of fraud in hedge funds:
**Lack of trading independence: hedge fund managers trading through affiliated broker\dealers
**Investor complaints: investors being unable to redeem their investments in a timely fashion
*Audit issues: lack of audits by reputable independent accounting firms
*Litigation: hedge funds being sued civilly by investors alleging fraud
**Unusually strong performance claims: hedge fund performance claims are better than market average over a long period of time (they can't always win, but if they do, possible indicator of insider information or false reporting)
*Illiquid investments: investing in a commodity which is not easy to value (incentive to overvalue investment to earn a larger commission)
**Valuation issues: use of related parties to value illiquid investments or use of a non-independent fund administrator
*Personal trading: hedge fund managers trading in their own accounts
****Aggressive Bear Shorting: hedge funds take a short position in a stock (bet it will go down) and orchestrate efforts to disseminate unfounded or materially false negative information about the stock, eroding the price and allowing the perpetrators to profit on the short position
They were worryin long ago stoxx
The Merrill Lynch NORMA scam was a big blow. When that fell apart at the seams it started cards fallin that was a huge investor relations problem. That sub prime mortgage program started the economic freefall. It was a big part of the pump and dumb economy I've mentioned. Smoke and mirrors at the highest level. "A" rated stuff went to a junk rating over night and down the house came. Big bucks for NIR went out the window that day. It caused some poor decisions to be made in order to stay above water. The whole Lynch thing was a "spread the risk" deal that was a lot bigger than NIR. I believe they got caught up in that one. A sure money deal based on bullsht. Rating bullsht. You can imagin what the investor group was buzzin about. It was long before Madoff who stuck it to everyone with his scam. Between NORMA and Madoff NIR was in a scramble tryin ta pull it together. In the OTC world about 90% of the companies and people ya deal with are total con jobs. A hedge fund needs a hedge. In that world ya draw the Paul Taylors and others I won't mention yet. The "I can bring ya a deal kinda guys" In the mean time the lawsuits are comin down and plenty more are about to. Investors are askin for redemptions and the cash flow aint so positive as the NORMA days. The deals start soundin better cause if ya don't take care of investors, life is about ta change. At this point more big mistakes are made. I may go inta more detail someday. Things start gettin ugly. Panic at the top. NIR needed ta get rid of some bad apples and they did. Then came Madoff. So what do we have now? We have NIR scramblin for survival. No real fundin has taken place for some time. You can bet your ass that employees are gettin real restless. Investors even more so. Companies that got affected by some poor decisions are not a happy group. NIR does not have the legal budget ta fight the potential fights. I've told the Cyberlux people they should be talkin sense. Settlement talks. If NIR doesn't want ta talk sense then move on with it cause they will soon. if they don't see the writin on the wall it's gonna be ugly. This is the short story. I've got plenty more. One CEO I talk to said he should write a book on his experience with NIR and mainly the whole OTC experience. It would be a good one. I look at the whole picture and just want ta barf. I'm for the investors. I don't care if it's shareholders or NIR investors. These people put up real money and get fked by the whole pump and dump economy and the conmen it produces. A lot a people besides NIR need to get smart. Listen to what ya teach your own kids about right and wrong. I'll bet it doesn't apply when ya get to the office and deal with the dirt ya allow ta exist. That's when guys like me arrive. We know where the tipping point is and how ta pile on weights. You can read the posts of the remoras that suck along tryin ta misdirect ya all. They know the score and it aint good. So they post here and think it will help. At least 50% of existin hedge funds are friggin history. That's a given. We'll see who figures out how the investor, lender, company, shareholders relationship needs ta work in the next few months. Those relationship will continue to exist and in some cases be very profitable for all involved. With traditional lenders gone for emergin companies I'm interest ta see who identifies the niche.
Ya might fool some with that crp flyersfan
You're right on one point "Time will show" Ya follow all NIR funded companies but mainly the ones you had a hand in gettin funded. Better use one of the other identities dude. This one aint gonna fly. They're on to ya.
mullet
I'll bet you that the sun comes up tomorrow. Bout the same odds as your bet.
Hey stoxx
How up ta speed are ya on the Netco players past? I was readin some a the stuff on that board and had a few questions. At what point did Taylor attach himself ta Maydak and Banks? What consulting services were they providin? A report on prison life? How about the Madison Stock Transfer, Taylor, Schectman connection? Where did the two Costa Ricans come from and why did Araya get jiggy? Did the fool actually think Taylor pushed him out there as CEO for $2500 an month ta write policy? Some may think this is off topic but it aint.
They have reason ta worry stoxx
They have reason ta monitor what is said here. I get a real kick outta their crude tactics. Look at doesdd with his "us" mistake. Who's us? He was talkin about his beef. Then it became us. Our beef. Dudes an idiot and probably really does think he'll have an effect. It looks like you also have contact with those that would love a public exposusure here. You and I have never talked in private that I know of and I never tell anoyone who all I'm in contact with. I can tell you there's more of us that are workin outside a public forum. I'd still like ta hear ddd post what his reason for postin is. This is an NIR board. I've never heard em say a thing about them. He does seem ta have a real problem with those who do post about the subject matter and the many that are affected.
Of course they are mullet
Look back ta my first couple a posts. I said they'd come. I'm talkin to them. Maybe they have the balls ta test me? Don't bet on it. They can't win that one. What they do is get posters ta point fingers in all different directions until the casual reader can't figure out who's who or what is real. It's all smoke and mirrors. They want me gone. Ta think a dude like Doesdd is gonna help is pretty funny. I simply shows how friggin dumb they are. If things get ugly it won't be on a chat board and it won't be in court. It will be in print and it will start numerous investigations. The SEC needs fall guys real bad right now. They won't dare turn a blind eye to a group of scam artists that has been brought public. Writers are standin in line for this one. Word has already come down ta me that the ones I talk about are askin those that know me how ta shut me up. Sure they read this sht. Every friggin word of it. They had better believe what I post. It would be a mistake not to. I said I was at idle right now waitin ta see what shakes out. I get PM's here but can't answer them. Outside of this site I get many emails. If I get to that tippin point I'll make public a private email where anyone can write me. I'll post how those that don't know how can set up an untraseable email address for their own protection. Those that want ta talk to an investigative reporter just let me know. Don't worry it will get picked up by all that count. Then we all can chat about how things get done. Some of ya might wonder if there's a story here or not. Trust me, there's a good one and it will help every honest company tryin ta do business on the OTC. The others I don't care about.
A long story ddd
Massive potential. The usual group of OTC clowns that get involved with these company have all been removed. Some real smart and good people are now in control. If ya have specific questions let me know. The company needs fundin and the past group was fully obligated to NIR. So the new BOD has ta deal with that. They are more than capable. I'm told they are deep into talks with NIR as well as other joint venture oppoutunities that look real positive. Read their websites. Lots of info and a real cool product called the Xboard. If emergin technology is your bag pay close attention to ecmh. The guys are there ta do real business and believe in bein shareholder responsible. Aint that a strange concept? No bigger upside potential with any company I've seen. Alternative fuels is kinda big these days. Read it all and get back to me with what you see. Yes, I'm more that very interested in what happens at emch.
ddd
Come on now. No one will ever have the full story. There's a 150 companies and 150 stories. Nothin I've posted is conjecture and I do have additional information. I said I was at idle and I meant it. I said all hell could break loose and I meant that too. My goal here is not to destroy NIR at any cost. I said I was for the companies. What's good for them I will do. I'm going ta throw things out and see what responses come back and from whom. Ya notice that several posters just want things ta stay as is. They can't stop the suspicion but they can keep the dogs barkin up the wrong tree. There are issues and deeds that no one has mentioned on any rag. They aren't just smokin gun activities. If all hell breaks loose you'll see what I mean. If it doesn't ya won't. I'm one who is not sharing everything. For good reasons. Sorry but that's the way it is right now. Cyberlux is not going to try their case on Ihub. Neither are the others. The Netco gang is just a tangled weg of con men. Their whole game is smoke and mirrors. I've posted plenty of info for those that want to do real dd. Connect those dots I posted on. There's a ugly story here and many paths. There's also many that want you goin down the wrong one. That's plenty for now.