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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.
O ya Mullet
woog and stoxx should have more on that Netco crap. I've only looked at it twice but the smell got so bad I haven't been back. I'll tell ya this. I've been asked ta have a little private pow wow but haven't got the contact info yet. Dude probably thinks I'd post the private info. He's wrong. I have more private talks tha this public stuff and no one knows who any of those people are.
Hey Mullet
3-4 posters for NIR and I don't know about Netco. Netco is so fked up I don't even care. however I am interested in some of the players and what I see as possible bankruptcy fraud. None of the Netco posters really seem ta want any part of our discussions. Too close ta home. They seem real busy tryin ta mix the facts up so bad that the bankruptcy court will simply pay the creditor claims. It doesn't take a genius ta figure out that exit strategy from a pure p&d game. I'd be connectin the dots with Taylor, Maydack, Madison Stock Transfer, Schlictman and the two Costa Ricans if I was real interested. I'd bet a couple are the same dude. You can be sure they all post in that cluster job and read what's goin down here. Google that group and you'll find 25 lawsuits against them and them against about anyone they can think of. That's their game. I'm not sure who's dirty and who's not. Let's see who wanders over here.
I will SLMan
Some don't consider it good at all. You'll get the straight facts from me and that doesn't set well with many. I hope you Cyberlux people get your thing movin in the right direction. Looks like ya had a good week. Ya probably understand my view on the transparent posters well. Ya never know SLMan. I might have one a my friends get in touch with the Cyberlux brass for a little chat someday.
A lot more stoxx
We're still in Chapter 1. I could post a bunch more but I'm for the companies. I'd also like to believe that NIR is smarter. That proper regs will come and be enforced. I also have a firm grip on reality. I've been part of the game for too long not to. I'm for a fair market. I'm trying to consider the effect on all involved even though I have my agenda. I don't know Corey Ribotsky. If we met I might even like the dude. I do know what has been allowed to happen. some his doings and some of others. If he continues to plan with the Taylor types he's gonna be toast. He has this new dude Tanney in the fold as well as others. Lots of changes in 08. The company that holds my interest also had some real aholes in house. They all got cleaned out and it didn't happen in a day. As I write this sht I'm 50/50 on NIR. I'd have a hell of a lot more respect for em if their posters just stood up and said why they back NIR. Instead the backdoor spin and think they're not transparent. They are. In any case stoxx I'm at idle like I said. Yes there's more, a lot more. Full throttle is not played on Ihub. We're just talkin right now.
Hey did you dudes see
where they are reportin that Madoff has now stopped answerin questions. Gee really? Does anyone here think Madoff was told he'd better shut the hell up? He's now hampering the investigation. Classic. Timing is everythin. Time ta shut up Bernie so you can go to the place with tennis courts instead of a dark hole and dudes that yell all night. Trust us Bernie. It's the best thing for your family and for you.
Look at the NIR PRs you'll see aeveral new folks.
I talk with those that deal with these guys. Dworkin is gone and so is the house lawyer. I'm hearin that the new replacements are much better ta deal with and actually have a friggin clue what the honest companies are tryin to accomplish. That's comin ta me from others that I trust. I hope they do get the picture. I look for and defend the real companies. There are plenty that aren't. I'm waitin ta see what the Netco posters have ta say about their fun and games. NIR poster means those who have several identities and post various places with spin for NIR. Do your own dd ddd. Ya really don't know if I have the facts or not. Confirm it yourself. When the posters see an NIR funded company take an upturn they are there plantin doubt. It goes from there to out right lies. These guys are several people removed from NIR. You should start ta see less of that crap soon. They will fade to another slant not just go away. Why? Because I think there are smarter people at NIR these days. We'll see soon.
ddd
There's a lot more interestin stuff that may or may not get public. You seem ta like what I post. For every you there are 10 others who hate it. Here's a fact for ya. Every poster on this site has an ulterior motive, includin me. As I posted, I'm at idle right now. I could turn around and go away or charge down the runway at full throttle. The people that count ta me know where I emanated from. A long time ago. They wonder where I've been and what I do now. They've guessed but have been way off. I just might start postin ta individuals of interest. That could get very interestin for many readers. I've given some hinks on the tippin point. They need ta pay attention.
Here's my best advise
Don't believe a word posted by flaflyersfan. I know him well. He's one of the NIR posters. I'll be postin as needed. Nice ta see Cyberlux up. They'll do fine if they stay smart. From what I'm gettin from friends there are a lot smarter dudes at NIR these days. I'd be makin the effort ta find common ground. If Cyberlux can come up with a good settlement offer they'll get NIRs ear. I'd put a settlement draft on the table. NIR will likely be NIR and say no until they figure out if Cyberlux is ready ta go the distance. At that point it will get friendly. I'm on idle right now. Waitin ta see what comes down in the next few months. People seem ta really want me ta shut up and go away. If they get too pushy I'm gonna get pissed and all hell is gonna break loose. A hell that will be the last thing they want ta see. There's snipers in the hills. Just waitin for the word. This rag will get real famous real fast. 50% of the posters here are tryin ta spin some nonsense. Remember that and they do have energy.
Netco is another friggin joke that NIR got cozy with.
Everyone wants ta know about Paul Taylor and who he's scammin with these days. My guess would be whoever he can. Someone on the inside needs ta step up with the real Netco info. Paul Taylor's the dude at the top but he pushes others out on the firing line like his type does. Ya can bet I know that type well. The Costa Rica dude Rodrigo Araya was the CEO and Taylor canned him with some untimate authority and put Marco Chavarria in his place. That's easy ta find. Araya says Taylor paid Chavarria 50 bucks and pushed him out front as CEO ta sign converions. If ya look at some a the docs ya see that the suspicion is that Chaverria is really Keith Maydak a dude who spent a lotta time in federal prison pumpin out various lawsuits. Seems Chaverria, another Costa Rica citizen refuses ta show up in the U.S. courts where all these dudes are fightin in bankruptcy court. So possibly Taylor is usin Maydak the felon who is the ulter ego Chavarria who signs shares over ta Taylor. Nice. Another felon Fred Banks is also in the mix as a creditor in the bankruptcy. Now this is the kinda group anyone would trust runnin a public company. I'm not sure where NIR fits yet. I do see that Rodrigo Calderon Araya (RCA) now has a suit in Nevada against a company that has a smear campaign goin against him. The recent news is that Araya has to keep changing his claim because the company has changed it's name over six times and goes AWOL whenever court dates and attorney fees are comin up. I'm not gonna tie NIR ta this happy little clan just yet. They're in the case but I don't know if they're a victum or a perp. Any of you dudes who have additional info, bring it on. Those that PM me need ta know I only respond off Ihub so send any secure email address ya want and if I'm interested I'll respond.
Thanks for the PM b c
I've seen the info before. I've been on my own track but have always found that stuff interestin. I like RCA ta step up and wipe the glass a little so ya all can see through it. A couple a posts from him could help a lot. I find it funny that woogster gets all bunched up when either Paul Talyors name comes up or RCA posts. That says a lot. He seems ta want ta talk ta me in private which is fine with me. All he has ta do is PM his contact info and I'll see if he talks sense. I'll post again with some Netco points I find interestin.
Are ya talkin to yourself Mullet?
Or did you get a PM on your question. I've also posted about Paul Taylor and any associates he may have in this game. No answer yet. Every one of these dudes are located in the Boca Raton area. stoxx mentioned a tangled web and he's right on the money. Is the connection your askin about also part of that crowd?
OT. A general heads up.
For those of you who care and others that have asked about my philosphy I have the following suggestion. Watch the case of a dude named Ali al-Marri. That case is going ta force Obama to take a stand on civil liberties. al-Marri is no good guy for sure. Not even close but he's bein used for a bigger objective that will effect you all. The Supreme Court and the new pres will be decidin on this in Feb. If ya have any brains at all, pay attention.
Does he wear a white hat?