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No earthquakes coming, just a steady flow of abundance coming your way....remeber when it was a nickel?
Penny King Holdings Corporation, a Delaware Investment Holding Company.
I would venture to guess that QTEK will break out above .25 later this afternoon.
http://www.otcbb.com/asp/quotes.asp?Quotes=QTEK
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Looks like QTEK is moving again nicely today...
http://www.otcbb.com/asp/quotes.asp?Quotes=QTEK
Penny King Holdings Corporation, a Delaware Investment Holding Company.
All right all you feller Christians, do what Jesus would do, and from now on, every time you see a homeless person, go up to them, ask them for a penny, and if they give you one, tell them the next time you see them you will buy all their pennies for a dollar each. And if they don't have one but still they reach for their pocket to look for one, tell them the same thing. And then next time you do see them follow through on your promise because rest assured they will have a pocket full of them waiting for you. And the word will spread and some day your actions will throw the money changers out of the temple of earth. And you will be remembered not for your money but what you did with it. And if they don't have a penny to give you, and they don't reach for a penny to give you, then you can tell them to save all their pennies from there on out because there is a massive penny shortage being developed, and you know a guy who is buying pennies through a non profit Foundation for a dollar each who goes by the name of "The Penny King"...... and some day he might walk up to you out of the blue and ask you for a penny and if you willingly and unbegrudgingly give him one, he WILL buy all the pennies in your pocket for a dollar each! As above so below. As below so above. Let the all seeing eye at the top of the dollar bill look upon the foundations that support its clearness with the clarity of the all knowing and so be it in your heart as it is in Mine!
Penny King Holdings Corporation, a Delaware Investment Holding Company.
And he would probably be crucified for buying pennies for a dollar from homeless people and turning the global financial pyramid upside down....al a carte Argentina... Hello Euro...the Earth is my Temple I shall not want. it leadeth me into dark caverns and boiling infernos at its core...it is overrun with ignorance...while the eternal Kingdom of a Heavy Pen lies within each infinite mind that does not know itself...yeah though I walk through valley of the shadow of crucifixion...while mortals start wars over the infinite abundance of the universe...I shall fear no ignorance...for ours is the glory...forever and ever... Sorry, just had to add my two cents to your wonderful post....
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Stop speculating and start investing...EM
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Think it will do it again next week?
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Sorry about that, I got carried away and forgot the definition of it...won't happen again....
Penny King Holdings Corporation, a Delaware Investment Holding Company.
We are shorting C because they have not responded to this proposal and we figure they will be losing billions by not doing so:
A Solution for ENRON
PRELIMINARY PROPOSAL
TERM SHEET
FOR THE PURCHASE OF NOTES PAYABLE
OF
ENRON CORPORATION
1400 Smith St.
Houston, TX 77002-7369
Telephone (713) 853-6161
Fax (713) 853-3129
http://www.enron.com
http://www.bankrupt.com/enron.txt
To: Bank of New York
Attn: Beata Hryniewicka
5 Penn Plaza, 13th Floor
New York, NY 10001
Phone: (212) 896-7140
Dear Ms. Hryniewicka:
Please consider this preliminary proposal on behalf of the Free and Clear Bancorporation, in organization, to purchase all of the outstanding principal and interest balances owed by ENRON CORPORATION to the below named unsecured creditors held by the three lead underwriters and trustees of the debt instruments as follows:
Chase Manhattan Bank Institutional Trust Svcs. 600 Travis Street Houston, TX 77002 Phone: (713) 216-6877 Fax: (713) 577-5200 Note $1,907,698,000.00 Citibank, N.A. Bank Loan 1,750,000,000.00 Citibank, N.A. Bank Loan 1,250,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 500,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 325,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 250,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 250,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 250,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 222,500,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 200,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 200,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 150,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 100,000,000.00
Total Debt Evidenced by Syndicated Notes: $7,300,000,000
Total Estimated Accrued Interest on Notes: 700,000,000
Purchase Price for All Notes Offered: $8,000,000,000
Method of Payment:
16,000,000 Non-Voting Class B Shares of The Free and Clear Bancorporation (FCB) with par value of $500 per share to be authorized.
Commitment Fee:
1% of the total purchase price of the debt or $80,000,000, whichever is less, payable to Penny King Holdings Corporation, a Delaware Private Investment Holding Company, (PKHC) acting as exclusive agent and financial advisor to The Free and Clear Bancorporation.
Plan of Operation:
If acceptable, Bank of New York shall act as Trustee and Clearing Agent on behalf of the Free and Clear Bancorporation in connection with this private offering to the syndicate of Banks and Institutional Holders in Due Course of the above unsecured debts of Enron Corporation.
PKHC shall enter into an exclusive consulting agreement with Bank of New York and The Free and Clear Bancorporation as joint participants in the offering memorandum to be presented first to the above named unsecured creditors as listed above through their Trustees or Agents.
The commitment fee shall be prorated amongst all holders in due course. All unsecured creditors must accept the Class B Non-Voting Shares of FCB unanimously as method of payment for the outstanding principal and interest on a $500 per share pro-rata basis.
Upon acceptance of a firm and binding Letter of Intent and a Letter of Irrevocable Commitment between all the unsecured creditors and FCB, participants shall deposit funds for the committment fee to Bank of New York as Escrow Agent on behalf of PKHC and FCB. Funds will be drawn from this account to cover legal expenses, mailings, filiing fees with the Supervisory Authority, requisite paid in capital, travel, phone and all expenses related to the execution of the terms of the Letters of Intent and Irrevocable Commitment.
The Letter of Intent and a Letter of Irrevocable Commitment shall incorporate by reference the drafting of a Definitive Debt Purchase Agreement under the proposed terms. Upon reaching a Definitive Agreement, FCB will obtain all necessary approvals of the Supervisory Authority to finalize the foundation, organization and launching of operations for the FCB.
PKHC shall be the initial sole voting stockholder of FCB and own 100% of the outstanding Class A Common Shares Par Value $500 per share. PKHC is the holder in due course of 500 billion bearer shares of PKPI non-voting common shares freely trading between $8.88 and $8.00 per share. PKHC, upon consummation of the proposed Letter of Intent and Letter of Irrevocable Commitment, and the Definitive Agreement shall exchange 1 billion PKPI bearer shares with FCB for the debt purchased by FCB under the Definitive Agreement. PKHC will then enter into a Definitive Agreement to convert the $8 billion debt of Enron into a controlling equity interest in Enron Corporation at a price and value to be determined by the Bankruptcy Court Trustee, and PKHC.
FCB will further enter into a repurchase agreement, prorated over 8.3 years, to buy back all of the 16,000,000 Non-Voting Class B FCB Shares in tranches of 160,000 shares per month for cash @ $500.00 per share as part of the Definitive Agreement.
This proposal was sent out two days after Enron filed bankrupcty. The offer remains on the table.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Thanks Willy, I see that ICC represents them on their PR, ICC also represents MAXD and ZROS and Mark is, well, one of the best PR men I have ever met face to face! Why they are buying a trucking company tho stumps me? Just like ZROS is buying a PEO, which I knew Mark was getting into a rollup play on that line, so we might see more action on ZROS in 2002.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
No Dude, you come to me and I will make sure everyone wins...
Penny King Holdings Corporation, a Delaware Investment Holding Company.
No, but one big investor could make all the difference for all the rest...if ye have the faith of but a mustard seed, ye shall move mountains out of thine way....
Penny King Holdings Corporation, a Delaware Investment Holding Company.
How true....get me a block of 10% and we will do just that!
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Our current hot list for 2002:
EKNO Pending News 2 weeks
QTEK Pending News 2 weeks
WWMO Pending News 30 days
FILM
DSTG Pending News 60 days
STTN Pending News 120 days
RASC PINK SHEETS to OTC BB
FCSH Pending News 90 days
NATC PINK SHEETS TO OTC BB Pending News 90 days
WDPT Pending News 90 days.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Thanks! See ya on the Boards in 2002!
Penny King Holdings Corporation, a Delaware Investment Holding Company.
That was such a joke, the gall of some people. Oh well, have a great Christmas, Happy Hannukah, and a Free and Clear New Year! You have done an incredible job this year! Keep up the good work. There are a lot of savvy investors on this board and it beats Raging BS by a thousand miles in terms of quality people here. I for one appreciate the fact that there are so many good links to research about companies that you might not find anywhere else, or which could take you hours to track down, and mostly because of the filtering you have done. My hats off to you, Sir.
Grateful servant King of the Homeless
Our current hot list for 2002:
EKNO Pending News 2 weeks
QTEK Pending News 2 weeks
WWMO Pending News 30 days
FILM
DSTG Pending News 60 days
STTN Pending News 120 days
RASC PINK SHEETS to OTC BB
FCSH Pending News 90 days
NATC PINK SHEETS TO OTC BB Pending News 90 days
WDPT Pending News 90 days.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Merry Christmas to All and have a Free and Clear New Year!
Our current hot list for 2002:
EKNO Pending News 2 weeks
QTEK Pending News 2 weeks
WWMO Pending News 30 days
FILM
DSTG Pending News 60 days
STTN Pending News 120 days
RASC PINK SHEETS to OTC BB
FCSH Pending News 90 days
NATC PINK SHEETS TO OTC BB Pending News 90 days
WDPT Pending News 90 days.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Merry Christmas, Happy Hannukah, and have a Free and Clear New Year!
Our current hot list for 2002:
EKNO Pending News 2 weeks
QTEK Pending News 2 weeks
WWMO Pending News 30 days
FILM
DSTG Pending News 60 days
STTN Pending News 120 days
RASC PINK SHEETS to OTC BB
FCSH Pending News 90 days
NATC PINK SHEETS TO OTC BB Pending News 90 days
WDPT Pending News 90 days.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Well put xxrayeyes....
Our current hot list for 2002:
EKNO Pending News 2 weeks
QTEK Pending News 2 weeks
WWMO Pending News 30 days
FILM
DSTG Pending News 60 days
STTN Pending News 120 days
RASC PINK SHEETS to OTC BB
FCSH Pending News 90 days
NATC PINK SHEETS TO OTC BB Pending News 90 days
WDPT Pending News 90 days.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Bruceki, hows the beer pub doing? No news from that guy building that house up in the mountains eh? Here's our latest hot list for 2002. If you want to retire and pay off all those debts and quit your day job send me PM.
QTEK (Check out the latest 13G filings)
EKNO
WWMO
RASC PINK SHEETS
FILM
FCSH
STTN
NATC PINK SHEETS
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Our best picks for 2002
QTEK
EKNO
WWMO
RASC PINK SHEETS
FILM
FCSH
STTN
NATC PINK SHEETS
Coming to you Live from the Kingdom of Pen! :)
Do your own DD. There is no substitute for knowledge except wisdom!
g!
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Here is PKH Top Strong Buys for 2002:
QTEK
EKNO
WWMO
RASC PINK SHEETS
FILM
FCSH
STTN
NATC PINK SHEETS
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Top Strong Buys in 2002.
QTEK
EKNO
WWMO
RASC PINK SHEETS
FILM
FCSH
STTN
NATC PINK SHEETS
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Bill Gates, Microsoft’s chairman and chief software architect, predicts that companies will look even more closely at the benefits of digital technology during a recession
In the wake of the dotcom meltdown and terrorist attacks, and among 2002’s economic miseries, all the excitement about the personal computer and Internet revolution of the 1990s can seem like a distant memory. While the enthusiasm over the digital revolution has been overshadowed by recent events, its significance has not. The phenomenon that made digital technology an essential part of the workplace, home and classroom is not subject to fashion. The digital future is more important than ever.
Like every technology revolution, this one will come in waves. The first, which spanned the 1990s, transformed how we communicate and get information. Almost overnight, the pc and the Internet enabled businesses and people to exchange e-mail, ideas and data instantaneously. The next wave will have a far broader impact. As the pc is joined by a growing range of intelligent devices, all connected by faster, cheaper and more reliable network connections, we’ll see a vast transformation of products and services into digital form, from books to movies to business billing systems. The first ten years of the 21st century will be the digital decade.
We’ve already seen how atoms have been transformed into bits in many different media: that is to say huge chunks of the world’s output have dematerialised from the physical to the virtual. But this decade is when we’ll start to think of this digital metamorphosis—and the productivity gains that will accompany it—in a whole new way. Take music. It has been in digital form since analog long-playing records gave way to compact discs in the early 1980s, but until recently you still needed some kind of disc to carry the musical data. Now, though, music is freeing itself completely from its physical form. As bits, it can be accessed wherever you want it, from any intelligent device that can decode the bitstream.
We will see this phenomenon replicated in products as diverse as software, photographs, video and books. Software has been sold online since the earliest days of the public Internet, but only recently has bandwidth been capable of carrying the enormous number of bits required for sophisticated business, personal, educational or entertainment programs. In the years ahead, as more people have access to cost-effective high-speed lines, the Internet will become the primary way in which software is distributed, updated, maintained and even managed. Software that once came in shrink-wrapped boxes and was updated infrequently—if at all—will be transformed into dynamic, living code that can update and repair itself over the network.
Take another, domestic, example. Millions of people are now using digital cameras to capture their families’ lives, and using digital photo frames to share memories with family and friends around the block or around the world. The ability to store and share high-quality digital video as easily is just around the corner. And while e-books have yet to take off, I’m confident that they will within the decade. New text-display software and new kinds of devices, such as tablet-sized pcs, will make onscreen reading, annotating and searching easier and more enjoyable than ever.
The long-term consequences of this digital revolution will be far-reaching and overwhelmingly positive for many industries, fundamentally transforming the economics of the marketplace. In part, this will occur simply through a decline in costs. Digital goods are cheaper than their material counterparts. And you only have to make them once. Inventory costs will also fall, a result of improved efficiency, and of being able to create a “virtual” distribution network. E-publishing, for example, offers an incredibly efficient business model, with almost no manufacturing, packaging or distribution costs.
Along with virtual distribution will come an increasing trend towards online billing and payments. According to Jupiter Research, a consultancy, American companies alone spend a combined $18 billion a year preparing and delivering paper bills. Jupiter estimates that online bill payment could eliminate 80% of this expense.
Digital bespoke
The digital revolution will create an entirely new concept of self-service and an unprecedented degree of customer control. Do you want to buy a product, or rent it and receive automatic updates? Do you want the bits now, at a premium, or streamed to your pc overnight, at a discount? The variations are endless, as are the opportunities.
These advances will be equally welcome to both large and small businesses alike. The Internet has already greatly enhanced the ability of small businesses to sell their products globally. The next wave of the digital revolution, powered by technologies such as XML (eXtensible Markup Language), will enable those small firms to tap resources from around the world, combining their expertise with those of others to customise their products and services for customers. In a digital world, product or service development increasingly becomes collaborative. And the factors of production themselves become fluid, because it is the processing technology, rather than the goods themselves, that is being reproduced.
There are some potential pitfalls as the digital revolution advances. As it becomes easier to make perfect counterfeit copies of an increasing number of products, the issue of how intellectual property rights are protected will be of growing concern—especially in those countries where enforcement remains inadequate.
Clearly, some industries have struggled to make the jump to a digital world, but far more are reaping the benefits of this transition. Investing in tomorrow’s technology today is more critical than ever to future competitiveness.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Bill Gates, Microsoft’s chairman and chief software architect, predicts that companies will look even more closely at the benefits of digital technology during a recession
In the wake of the dotcom meltdown and terrorist attacks, and among 2002’s economic miseries, all the excitement about the personal computer and Internet revolution of the 1990s can seem like a distant memory. While the enthusiasm over the digital revolution has been overshadowed by recent events, its significance has not. The phenomenon that made digital technology an essential part of the workplace, home and classroom is not subject to fashion. The digital future is more important than ever.
Like every technology revolution, this one will come in waves. The first, which spanned the 1990s, transformed how we communicate and get information. Almost overnight, the pc and the Internet enabled businesses and people to exchange e-mail, ideas and data instantaneously. The next wave will have a far broader impact. As the pc is joined by a growing range of intelligent devices, all connected by faster, cheaper and more reliable network connections, we’ll see a vast transformation of products and services into digital form, from books to movies to business billing systems. The first ten years of the 21st century will be the digital decade.
We’ve already seen how atoms have been transformed into bits in many different media: that is to say huge chunks of the world’s output have dematerialised from the physical to the virtual. But this decade is when we’ll start to think of this digital metamorphosis—and the productivity gains that will accompany it—in a whole new way. Take music. It has been in digital form since analog long-playing records gave way to compact discs in the early 1980s, but until recently you still needed some kind of disc to carry the musical data. Now, though, music is freeing itself completely from its physical form. As bits, it can be accessed wherever you want it, from any intelligent device that can decode the bitstream.
We will see this phenomenon replicated in products as diverse as software, photographs, video and books. Software has been sold online since the earliest days of the public Internet, but only recently has bandwidth been capable of carrying the enormous number of bits required for sophisticated business, personal, educational or entertainment programs. In the years ahead, as more people have access to cost-effective high-speed lines, the Internet will become the primary way in which software is distributed, updated, maintained and even managed. Software that once came in shrink-wrapped boxes and was updated infrequently—if at all—will be transformed into dynamic, living code that can update and repair itself over the network.
Take another, domestic, example. Millions of people are now using digital cameras to capture their families’ lives, and using digital photo frames to share memories with family and friends around the block or around the world. The ability to store and share high-quality digital video as easily is just around the corner. And while e-books have yet to take off, I’m confident that they will within the decade. New text-display software and new kinds of devices, such as tablet-sized pcs, will make onscreen reading, annotating and searching easier and more enjoyable than ever.
The long-term consequences of this digital revolution will be far-reaching and overwhelmingly positive for many industries, fundamentally transforming the economics of the marketplace. In part, this will occur simply through a decline in costs. Digital goods are cheaper than their material counterparts. And you only have to make them once. Inventory costs will also fall, a result of improved efficiency, and of being able to create a “virtual” distribution network. E-publishing, for example, offers an incredibly efficient business model, with almost no manufacturing, packaging or distribution costs.
Along with virtual distribution will come an increasing trend towards online billing and payments. According to Jupiter Research, a consultancy, American companies alone spend a combined $18 billion a year preparing and delivering paper bills. Jupiter estimates that online bill payment could eliminate 80% of this expense.
Digital bespoke
The digital revolution will create an entirely new concept of self-service and an unprecedented degree of customer control. Do you want to buy a product, or rent it and receive automatic updates? Do you want the bits now, at a premium, or streamed to your pc overnight, at a discount? The variations are endless, as are the opportunities.
These advances will be equally welcome to both large and small businesses alike. The Internet has already greatly enhanced the ability of small businesses to sell their products globally. The next wave of the digital revolution, powered by technologies such as XML (eXtensible Markup Language), will enable those small firms to tap resources from around the world, combining their expertise with those of others to customise their products and services for customers. In a digital world, product or service development increasingly becomes collaborative. And the factors of production themselves become fluid, because it is the processing technology, rather than the goods themselves, that is being reproduced.
There are some potential pitfalls as the digital revolution advances. As it becomes easier to make perfect counterfeit copies of an increasing number of products, the issue of how intellectual property rights are protected will be of growing concern—especially in those countries where enforcement remains inadequate.
Clearly, some industries have struggled to make the jump to a digital world, but far more are reaping the benefits of this transition. Investing in tomorrow’s technology today is more critical than ever to future competitiveness.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
A Solution for ENRON
PRELIMINARY PROPOSAL
TERM SHEET
FOR THE PURCHASE OF NOTES PAYABLE
OF
ENRON CORPORATION
1400 Smith St.
Houston, TX 77002-7369
Telephone (713) 853-6161
Fax (713) 853-3129
http://www.enron.com
http://www.bankrupt.com/enron.txt
To: Bank of New York
Attn: Beata Hryniewicka
5 Penn Plaza, 13th Floor
New York, NY 10001
Phone: (212) 896-7140
Dear Ms. Hryniewicka:
Please consider this preliminary proposal on behalf of the Free and Clear Bancorporation, in organization, to purchase all of the outstanding principal and interest balances owed by ENRON CORPORATION to the below named unsecured creditors held by the three lead underwriters and trustees of the debt instruments as follows:
Chase Manhattan Bank Institutional Trust Svcs. 600 Travis Street Houston, TX 77002 Phone: (713) 216-6877 Fax: (713) 577-5200 Note $1,907,698,000.00 Citibank, N.A. Bank Loan 1,750,000,000.00 Citibank, N.A. Bank Loan 1,250,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 500,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 325,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 250,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 250,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 250,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 222,500,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 200,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 200,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 150,000,000.00 Bank of New York Attn: Beata Hryniewicka 5 Penn Plaza, 13th Floor New York, NY 10001 Phone: (212) 896-7140 Note 100,000,000.00
Total Debt Evidenced by Syndicated Notes: $7,300,000,000
Total Estimated Accrued Interest on Notes: 700,000,000
Purchase Price for All Notes Offered: $8,000,000,000
Method of Payment:
16,000,000 Non-Voting Class B Shares of The Free and Clear Bancorporation (FCB) with par value of $500 per share to be authorized.
Commitment Fee:
1% of the total purchase price of the debt or $80,000,000, whichever is less, payable to Penny King Holdings Corporation, a Delaware Private Investment Holding Company, (PKHC) acting as exclusive agent and financial advisor to The Free and Clear Bancorporation.
Plan of Operation:
If acceptable, Bank of New York shall act as Trustee and Clearing Agent on behalf of the Free and Clear Bancorporation in connection with this private offering to the syndicate of Banks and Institutional Holders in Due Course of the above unsecured debts of Enron Corporation.
PKHC shall enter into an exclusive consulting agreement with Bank of New York and The Free and Clear Bancorporation as joint participants in the offering memorandum to be presented first to the above named unsecured creditors as listed above through their Trustees or Agents.
The commitment fee shall be prorated amongst all holders in due course. All unsecured creditors must accept the Class B Non-Voting Shares of FCB unanimously as method of payment for the outstanding principal and interest on a $500 per share pro-rata basis.
Upon acceptance of a firm and binding Letter of Intent and a Letter of Irrevocable Commitment between all the unsecured creditors and FCB, participants shall deposit funds for the committment fee to Bank of New York as Escrow Agent on behalf of PKHC and FCB. Funds will be drawn from this account to cover legal expenses, mailings, filiing fees with the Supervisory Authority, requisite paid in capital, travel, phone and all expenses related to the execution of the terms of the Letters of Intent and Irrevocable Commitment.
The Letter of Intent and a Letter of Irrevocable Commitment shall incorporate by reference the drafting of a Definitive Debt Purchase Agreement under the proposed terms. Upon reaching a Definitive Agreement, FCB will obtain all necessary approvals of the Supervisory Authority to finalize the foundation, organization and launching of operations for the FCB.
PKHC shall be the initial sole voting stockholder of FCB and own 100% of the outstanding Class A Common Shares Par Value $500 per share. PKHC is the holder in due course of 500 billion bearer shares of PKPI non-voting common shares freely trading between $8.88 and $8.00 per share. PKHC, upon consummation of the proposed Letter of Intent and Letter of Irrevocable Commitment, and the Definitive Agreement shall exchange 1 billion PKPI bearer shares with FCB for the debt purchased by FCB under the Definitive Agreement. PKHC will then enter into a Definitive Agreement to convert the $8 billion debt of Enron into a controlling equity interest in Enron Corporation at a price and value to be determined by the Bankruptcy Court Trustee, and PKHC.
FCB will further enter into a repurchase agreement, prorated over 8.3 years, to buy back all of the 16,000,000 Non-Voting Class B FCB Shares in tranches of 160,000 shares per month for cash @ $500.00 per share as part of the Definitive Agreement.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Penny King Holdings Corporation is engaged in acquiring large blocks of free trading (unrestricted) shares in publicly traded companies and further providing them with financing, business opportunities, acquisitions of private companies, and global exposure via the internet.
Our strategy involves executing an LOI with large block holders, then proceeding to a contract, clearing the closing through our attorney(s), and filing the necessary regulatory papers.
We work with Pink Sheet, OTC BB and NASDAQ listed companies seeking between $500K and $50 million in additional expansion capital. We match private companies seeking initial, second or third stage financing with companies in our portfolio that may be in the same industry and make introductions for joint ventures, strategic alliances, partnerships, and/or reverse mergers.
We have recently acquired 108,333 shares of DSTG which will assist us in developing joint strategies. PKH has committed to provide $650,000 in services to www.dstage.com.
We have recently acquired 2.3 million shares of QTEK. We plan to assist www.quintek.com in making a series of acquisitions and providing them with $8,000,000 in additional equity capital over the next 36 months.
We are continuing the process of providing over $200 million in capital to over 50 different publicly and privately owned companies in the United States, Canada and Hungary.
Penny King Holdings Corporation is a private Delaware Investment Holding Company owned and controlled by Hungarian born financier Gabor Sandor Acs who has 21 years experience in the finance, real estate, venture capital, and world financial markets.
If you know a public company that is seeking capital send them our way and we will create a win win for all stockholders, not just the convertible debenture holders.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
You should post this same one at RB on SYTE. That will stir up the hornets nest again.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Wonder what they could get for that 5% stake in Microshield. Or why they don't buyout Microshield? Or why they don't vend Microshield into something else. Oh well, take a look at this fat little firm:
http://www.freeedgar.com/search/ViewFilings.asp?CIK=1083663&Directory=1104659&Year=01&SE...
Any chance you could get me a stake in it? It seems that breakfast was hours ago and its time for dinner. There will be a feast for all at the Kings Table.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Its heading the other way, should break .20 within 10 days.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
50K a day will keep it steady. EM
Penny King Holdings Corporation, a Delaware Investment Holding Company.
It's running up but try not to buy too much too fast or you will spoil the fun.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Maybe EGRP should buyout Nextcard:
http://dailynews.yahoo.com/h/nm/20011031/wr/financial_nextcard_earns_dc_1.html
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&gui...
Looks like EKNO is running again today.
http://www.otcbb.com/asp/quotes.asp?Quotes=EKNO
http://ragingbull.lycos.com/mboard/boards.cgi?board=EKNO&startfrom=11
http://biz.yahoo.com/n/e/ekno.ob.html
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Maybe EGRP should buyout Nextcard:
http://dailynews.yahoo.com/h/nm/20011031/wr/financial_nextcard_earns_dc_1.html
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&gui...
Looks like EKNO is running again today.
http://www.otcbb.com/asp/quotes.asp?Quotes=EKNO
http://ragingbull.lycos.com/mboard/boards.cgi?board=EKNO&startfrom=11
http://biz.yahoo.com/n/e/ekno.ob.html
Long time no hear from you. You have been busy on RB and Ihub I see. Hope you caught the run on QTEK. Watch WWMP too. Still have some DLGI I can't get rid of, any hints?
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Now shorting SURE. Looks like EKNO is running again today.
http://www.otcbb.com/asp/quotes.asp?Quotes=EKNO
http://ragingbull.lycos.com/mboard/boards.cgi?board=EKNO&startfrom=11
http://biz.yahoo.com/n/e/ekno.ob.html
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Looks like EKNO is running again today.
http://www.otcbb.com/asp/quotes.asp?Quotes=EKNO
http://ragingbull.lycos.com/mboard/boards.cgi?board=EKNO&startfrom=11
http://biz.yahoo.com/n/e/ekno.ob.html
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Looks like EKNO is running again today.
http://www.otcbb.com/asp/quotes.asp?Quotes=EKNO
http://ragingbull.lycos.com/mboard/boards.cgi?board=EKNO&startfrom=11
http://biz.yahoo.com/n/e/ekno.ob.html
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Looks like EKNO is running again today.
http://www.otcbb.com/asp/quotes.asp?Quotes=EKNO
http://ragingbull.lycos.com/mboard/boards.cgi?board=EKNO&startfrom=11
Penny King Holdings Corporation, a Delaware Investment Holding Company.
Welcome back Smudge. LVLT, XOXO, NXTL, RCNC all on my radar up to 3x book. Wouldn't it be great if all four of them merged into one?
See this?:
http://biz.yahoo.com/rf/011023/n23227629_2.html
http://dailynews.yahoo.com/h/nm/20011022/tc/telecoms_rcn_buyback_dc_1.html
http://biz.yahoo.com/prnews/011022/phm022_1.html
Seems like debts are becoming worth less and less...wonder what is causing all that? Even the US government announced they were no longer going to issue 30 year bonds. Wonder what caused that?
Save your pennies. If you are still wondering why send a query to thepennyshortage@sendfree.com.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
It will if I get involved, but it didn't today.
http://ragingbull.lycos.com/mboard/reply.cgi?board=PPDD&reply=36
Penny King Holdings Corporation, a Delaware Investment Holding Company.