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I am afraid it is a broken system.
The 14th Amendment, was obviously written for corporations, for their being a quasi-person, Since probably less than a dozen slave related cases have ever used that amendment, all the other 10's of thousands have been corporate related.
These cases have endowed the Corporations with all the benefits of a person, but few of the personal(corporate) responsibility hazards.
If a corporation is responsibal for deaths, (Dow, Monsanto) they are not removed from society as a real person would be. They are not inhibited by law in their quest for a profit.
I have seen corporations who are supposedly enabling companies to access capital, when in fact, all they do is destroy them after hyping them. They then move on to another company, and so on, ad infintium, lil corporations of spin/hype.
I have seen corporations of real companies (naked) shorted to death, and decades later, the shares are still out there, the companies destroyed.
I had always thought, you can't(Illegal sell something you do not own, but the BS story, "to create a market" allows this to be done.
Well if there is no market, then there is none. So selling what you do not own to give the impression there is one, is a BS story and theft, that is all it is, nothing more, nothing less.
I don't think a plea agreement is sufficient...
Any LLC or Corporation, should suffer the same fate a real life person should. The Company should be terminated, and the officers divested of all their assets, which should be returned to the common share holder, and the responsible party tried in a criminal court.
There should be no other remedy than the remedy of law, no BS administrative rules allowed...
I do not condone theft, I just said I could see why he might have went astray... My preference, if guilty, would be a suitable time in the Stocks in the town square, About a month I think. In addition to all the assets of those involved siezed and liquidated to make whole those who sustained damage.
I do find it amazing, that the current manipulation of gold and silver is not mentioned or has the market been halted or any other manner of concern been expressed by the powers that be. This may be because it is the powers that be are responsible, and none of you seem to be the least fazed by this exsposure of an ongoing theft.
He hasn't been convicted yet.
So I am not to worried about it.
I am worried that a bigger scam is onging and no one is doing/saying sh!t about it...
This is setting a precedent, violating international/national law...
What if the fed or the 14 banks in partner with the FED decide to short Grains, or oil, or manipulate whatever. do you think the miners that are now underwater are going to just flip a switch and start producing again? What about if the farmers get hit? or the oil? or whatever...
What if a foriegn gov't decides they want to play these games... After all the FED started it...
What about the Billions/Millions of dollars they stole, how many stops were triggered??? What is it with this "Manipulating the markets"?
You want to have any money tied up in something, not knowing if when you kick back on friday, that Monday all your stops are triggered and it is just some manipulation sanctioned by the gov't???
He managed to get a million $ grant with what he owned or controlled...
I know he tried for years to get Berlin going, and special real estate interests even went so far as tp put someone in the mayors office on the ticket of no power plant...
One competing firm even went so far as to sue the power company for giving him a contract to buy the power out Berlin...
I do know the amount of cr@p that came out of trying to get Berlin started was more than I ever saw anywhere... And if any of what he is charged with is true, I would be somewhat suprised...
The truth of the matter is I would not blame him a hell of a lot for throwing in the towel after what went on, and it was after years of trying before he issued the billions of shares... So it does not seem to have been a plan to start with.
It may have turned out that way, but I do not think he went into with that plan, If he did do anything the SEC says he did. Of course they have about as much veracity as the IRS or our Executive branch.., which is ZIPPO.
How many records has the gold/silver shorts set now, oh yes, this might happen again, in 5,000 years... But I do not see one word being said by anyone about that lil issue...
If he never owned anything, why did he get the Grant?
You read it your way and I will read it mine...
I remember when he came out with all the billions of shares, and that was several years after he started the company. That was also after years of fighting to get something done. I think it extremely odd, that Ellicotvllie would stab him with inuendo instead of comming out with whatever it is/was the PI thoght it he had... It would have saved a lot of people a lot of trouble if they had something. There is something not right about that.
I also remember the frivolous suits brought, which if LLEG had nothing, then why bother...
Of course, there was the Congressman on his board...
I dunno, I am just sorry about the whole line of BS that seemed to follow around some guy that had a good idea, and tried to do something with it...
Well I never did like the Idea he was a Hillary supporter, I guess that should have been a heads up.
I am really just having a hard time with this...
who knows what all really went on here. But the charges seem pretty specific.
It all seems pretty silly to me, why wouldn't they want an alternate engergy plant in NY??? Why wouldn't they want one in Berlin???
My god, is this what we have come to?
They won't let anyone do anything, so we just turn them into liars and theives... Who knows?
All I can say, I have saw anyone who wanted to do something, that was probably was a GOOD Idea, have to go so much Cr@p, trying to do it...
I guess it sour any man.
I am sorry I was a witness to this whole episode of spite, greed, supidity, and absolute utter nonsense.
The whole thing was a bizarre venture into a waste land of frutility and despair.
If they have another grissly that would explain the lack of oversize material, but it would make one wonder if they were doing that screening dry. They would have to I guess.
I would love to see their concentrate, running 3 jigs and a table, I can't help think they are taking rare earths or something besides gold.
Yes, the discharge is a mystery, good thing there is no oversize, or they would be in trouble immediately.. I do not understand why everything is spaced out like it is and why are they using 3 jigs. I do not see where the water eventually ends up, but they must have a settling pond somewhere.
It is not the Expedition, there is no water manifold under the screening plant to operate the jigs located there on the Expedition.
The capacity of the expediton is 7 to 10 yards an hour which is considerably less than what the claim their plant is, 25 yds an hour.
The do have jigs in their system, which make one wonder why they did not get an Expedition.
I will say this, linking their system to a table indicates they are serious about getting gold. Normaly you can expect over 2/3's of your gold from a placer to be fine mesh gold. Less than a 1/3 will be course gold.
If they are getting good results, it would indicate this is well traveled gold as it will be flat and respond to the table well. It would also indicate there is probably a higher than usual amount of finer mesh gold. None of this indicates HOW MUCH GOLD we are talking about.
Nothing like a lil stream of gold comming off your table to put a smile on your face. :^)
You might be right http://otcshortreport.com/BONZ does not have the SHO Alerts if present.
There appears to be no SHO Data available here: http://www.otcmarkets.com/stock/BONZ/short-sales
Which apparently is not the same with this: http://otcshortreport.com/TAGG
http://www.otcmarkets.com/stock/TAGG/short-sales
Could you explain the difference, and why and what a SHO alert means?
This stock sold over 2 billion shares yesterday, but has no listing in the Pink sheets http://www.otcqx.com/qx/market/securitySearch?search=icoa
yet is shows up here as being short sold to the tune of over 200,000,000
http://otcshortreport.com/ICOA
Another day, another bunch of Naked shorts...
http://otcshortreport.com/BIAD
Somebody needs to cover some short sales...
http://otcshortreport.com/BONZ
Someone needs to cover about 40,000,000 short sales...
http://otcshortreport.com/ELAY
Where's my link for the billion shares out there?
here's mine says they got 300,000,000 if you look back through their filings to 2010...
http://elayaway.com/company/ir/
They did a 3 for 1 in 2010 and that is the last 8-A which authorised 300,000,000 shares.
http://precisionir.api.edgar-online.com/EFX_dll/EdgarPro.dll?FetchFilingHTML1?SessionID=2YEIFjmeTZZs0eS&ID=8662630
List of filings:
http://elayaway.com/company/ir/
well my broker says 190,000,000 shares the Pink sheets say 100,000,000.
so if you have a link for your numbers show it, or shut up :).
Interesting, 100,000,000 authorised shares and 96,559,514 traded so far today.
http://www.otcmarkets.com/stock/ELAY/company-info
That's wierd, my lvl 2 says they have 2 bids for $0.035, yet they let some sales go through at $0.0337 and $0.034, a 100K of shares.
Yeah, nothing, now ain't that special? Probably PMS somewhere. lol
A momentum move on a security and they stop it.
Trouble is, will this be a red flag for the the SEC???
Well I don't have to risk my money on any bureaucrat BS, and I can't reccomend anyone else do so.
Me too
..British Columbia Trade Halt Order Issued By BCSC
http://finance.yahoo.com/news/british-columbia-trade-halt-order-090000182.html
I don't think that is entirely true, Bart might not have revealed everything he could have, or maybe things changed.
I know that Edwards dragging things out could have influenced the out come. Things that others did, certainly did not lead to a normal time frame for the eventual closure of the project, nor did all attempts at bllocking the project lend any footing for Bart to negotiate a better deal.
You cannot say Bart misled investors.
What his real intent was, might have been as stated, but having to fight tooth and nail to finally get a closure, might have left him where we ended.
Getting the necessary approvals to do the project was and is a considerable endeavor in itself, but to have to constantly fight NIMBY's and other interests, I am suprised that it was completed.
My god, even a Mayor ran on the opposition ticked, just as one ran on the supportive platform, and both won, and influenced the stalling and the final completion of the project.
Like I said, all the controversy and stalling probably determined what happened in the end, I know none of it gave Bart any leaverage to do as he wanted to do surely.
Your right it doesn't.
Neither did getting LLEG Berlin project completed, because even the power purchasing entitiy was sued over the LLEG contract.
I have never seen so much controversy and just plain BS frivolous over what essentially was/is a small project.
If anyone invested and lost 50K in LLEG, they should sue all of those who did their damndest to screw up the project, because in the end, it was not only Mike who got screwed, but the investors as well.
I have seeen dogs do less fighting over a bone than what has happened here.
Well I haven't read any of it, so I guess I wasn't lied to, even if what you say is the truth, and Like I said, if Mike has or did lie, he certainly wasn't the 1st, and he won't be the last.
But he did do what he said he would do, and that is get the plant in Berin underway, and I can see nothing but good in that.
All the Banks and all the Big Corporations can legally lie to everyone all the time, and they do, and are doing it right now. How many of the business rentals, that have long since departed, are still being carried on the books???
It is the failure to let these companies fail, as the others they have refused to let fail that has us where we are.
I don't recall him lying, and if he did, he wasn't the 1st liar.
I do recall, every other Ahole in Berlin was lying about this or that, and filed lawsuits and intervened in every step of LLEG's attempts to start their plant there.
Well he got it started somehow, someway, even if he had to sell out in the end.
If it had just been a matter of raising the money and building the plant it would have been done years ago, but no. There were the NIMBY's and and competative interests that screamed and hollered and raised hell every step of the way, and not only that, they did it with any and everyone remotely involved in the project, including posting here and elsewhere, lies and inuendos by the score.
People just do not understand anymore, you either take your living out of your enviroment, or you take it from someone else. There are no alternatives.
In spite of all that, the people of berlin, will not sit in the dark and be hungry for a lack of a job.
Perhaps you can find something in the following to help.
New Dodd-Frank Law:
http://www.dodd-frank-act.us/
Proposed rules to bring Banks and such into compliance with the Law:
http://www.federalreserve.gov/aboutthefed/boardmeetings/risk-based_leverage_capital_requirements_FR_final_draft_20120607.pdf
Search for Gold.
If Basil III goes through, all the Banks, credit unions and savings and loans will find Gold an attractive asset.
Gold is ideal as it bears no credit risk, and has no counter-party risk, only theft risk (due to desirability) :^)
The following June Post touches lightly on the "proposed" future Rule making. As you can see, this is a lot further down the road now, with comment periond ending the 1st of sept. and the implimentation to start on Jan. 1st, 2013.
http://www.gold-eagle.com/editorials_12/willie062712.html
Newbedford was/is supposed to be paying it's way.
However, Mike is an Ex-banker, and they way the Bankers have sailed away with all the Stimulus money, I would not be suprised to see something like a miracle appear.
With 900 Trillion cirling the sky's oover our heads in the Derivities markets, and Soveriegn Bankruptcies izzubg through through the floor boards.
Investments in real asset of renewable energy have look pretty bright next the Abyss we are all teetering on.
:D
LMAO, I wonder if this whole SEC thing is based on the FACT that Mike talked about taking LLEG to the OTC.
It is all good, Mike is still working on LLEG and despite the set backs I feel we are better positioned than ever to move forward.
I am sure, if he thought otherwise he would have let this go a long time ago.
I believe Mike would have advised us he had given up, if he had.
I just read that in his nature.
Lot's of investors are critial, but the truth be known, Mike has done an incrediable amount of work for them, and sometimes, things are beyond a man grasp, and no fault can be laid.
I think if Mike thought this will not work out he would have ended it. I am therefore quite positive.
Well maybe it was the OTC, but I made you look, LMAO. Anyway, how many damn sub-pennies do you going to the OTC, like NONE maybe
So there, Mike is going to make it. He always said he had made a mistake listing here and he was going to rectify it.
This is what I see. I see LLEG list on the NASDAQ. Just as Mike said it would be months ago.
As near as I can tell, the missing information was the report by the Auditors, go figger. He said he was getting the Audit and he did, for one purpose, uplisting to the NASDAQ.
The Company intends to file a new Registration Statement on Form 10 that will include the Company’s audited 2011 financial statements, together with the report by the Company’s auditors, promptly after the audit is completed. Such audited financial statements are required under the Securities Exchange Act for the Company to file its new Registration Statement on Form 10. The Company has engaged the auditors of its 2010 financial statements to perform this audit.
No it doesn't and it looks like good news, Really good news is comming.
WTF is up?
That's a rhetorical Question, right. LOL
Well you know what I think, I think this fiing and Audit was a part of the package Mike got when he bought that CA. Plant. LMAO
The Guy Was a CPA for the big boys right?
GOOOOOOOOOoooo Mike
I was wondering this morning. I was Remembering GBRC was another stock that got hit with LLEG, and I know there was an issue of counterfiet stock issued out of the UK on it's parent company MSRM, which GBRC bought. GBRC was supposed to issue so many shares in exchange for the MSRM shares anyone held, but apparently someone was selling counterfiet MSRM shares, and the exchange has never happened.
I wonder if any of the other stocks that got hit along with LLEG and GBRC/MSRM had similar problems?
Well you know, with 3 BILLION SHORES APPROVED it would be leaving a lot of money on table to NOT do what ever needs to be done, to see that share price increase in value. If course there is always all the people who bought in from the Berlin area that would be a constant reminder to do so, there was reportedly 3,000 individual shareholders last February.
I dunno squat, but the guy took LLEG paper, and as a CPA and an auditor. he ought to know what it is worth, he got a look at the books, did you?
Hey, I'll admit, we are in a whole new level of darkness here, but evidently, those who can see, are going forward, and valuing LLEG paper to do so.