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The bond wasn't sent to Ing, it was sent HSBC and they destroyed it. I assume that they were instructed bto destroy the bond by ING. How foolish can they be?
Sid can't give news until his deal is completed. With this much money involved it is going to take some time. Sid thinks he is getting close to a deal.
I will let you all know how it turns out and what happened when it is over. Sid will be back this weekend and I will know more about what is going on.
To Neidenbach and Mihalyo.
Things are still cooking but will know more in about a week. Sid is back and still optimistic.It looks like he may have a buyer for all of the bonds.
I won't know what the offer is until Sid returns next weekend. I will be happy to let you all know.
Hi all;
We may know more by the end of next week. Sid is on the move and he may have a deal in place by the time he returns next weekend. I don't know what the offer was but he got one. He left this morning. I talked to him yesterday. I won't know anything more unless there is a public announcement.
I assure that I have not been put up to this by Sid. I just found this site by accident when I was looking up info on PFNO. It is just entertainment for me. I am not trying to mislead anyone. Sid told me that he never reads this message board. I'm not surprised as many people on here only want to trash Sid. many posters on here are civil with their comments. Others, such as yourself are rude and obnoxious.
Also Sid's bonds were not obtained from criminals. They were purchased form the ownner of the bonds. Remember ING got money for these bonds when they were issued 10 years ago. The person who issued the bonds and I assume got paid for them was an ING employee. When Sid met with ING, he was no longer employed there. Ing said that their employee fraudantly issued them. It seems that they must have insurance to cover this.
I am definitely not Sid. I am an investor in pfno. I am a friend of Sid. I am just trying to help people on this board understand what is going on. I won't know anything ahead of it's published time because that could lead to an insider trading charge. I have been aware of these bonds for three years and bought my shares about a year ago. I am hoping like many of you to make some money on these shares. Sid's stock has always gone up for short periods of time and then right back down. I am hoping that sid gets lucky with these bonds and we can make some money. Though BC residents will have to find a way to cash our shares. I don't understand the cease trade order for just BC residents when it trades feely everywhere else. Especially because Sid's company has non-reporting status in the U.S.
If the bonds are fake, then why wouldn't ING take the one little step to prove they are fake. All they had to do was let the analyst compare the bonds he inspected with ING's bonds. ING has refused to do this even though they have been requested numerous times. They will have to answer in court as Sid has found an ingenious way ( in my opinion ) to get them into court.
I'm only going by what Sid told me. He is aware of the photo. That picture doesn't represent the bonds that he has. I have seen some of the bonds in person. I'm not an expert so i can tell if they are real. Sid doesn't know for sure if they are real but he suspects that they are because of ING's reaction and the analysts report to him. We are all hoping that ING will make an offer to go away.It is worth a shot. There is no fraud going on here.
The bonds were owned by South Americans who tried unsuccesfully to cash them. Some ended up in jail, but when the case went to trial, ING didn't show up and they were released. This happened a few times. ING never showed up for any of them and they were all released. Sid became involved later
The bonds are payable to the bearer on June 16th, 2010. If they refuse to pay what other course do you have than take them to court?
The picture in question was sent by someone in South America. I assure it wasn'r Sid's idea to send out pictures.
Sid had a meeting with an Ing representative in Europe. He said that the bonds weere issued fraudantly by an ING employee who was no longer employed by the company. I said in my earlier post that that the analyst hadn't any success getting a response to his requests for 5 months. Ing won't respond to Sid either. They will have to when he takes them to court.
The bonds were analyzed by a US expert. He said they appear to be legitimate. He contacted ING to compare them with their bonds but they have refused to answer him for 5 weeks. Why wouldn't they welcome him so they can prove that the bonds aren't real? Sid will get his answer in court.
It is impossible to tell if it will be good or bad news. I won't find out until after it happens.June 17th will tell us for sure.
Just talked to Sid today. I don't expect any news until June.
The story sounds incredulous but Janice's story is true. Sid has a long history but he always come up smelling like a rose. With sid's good lifetime luck I'm betting that he is going to get some money for these bonds. I would love to be the guy who writes his lifetime story. It would become a bestseller. I hope you guys get to know the whole story sometime. I amazed about how much of the real story is known by different posters. Many comments made about Sid are not true. His deal is in the lawyers hands. It will be interesting to see how it all plays out.
I can assure you i am not part of any scam. I am an investor that knows what I said is true.
There is so much misinformation on this website. The bonds are real. They were issued fraudantly by ING. They bonds have been forensically verified in Europe and in the US. ING probably won't pay but their insurance should cover as they were issued by a company employee.Most likely there will be settlement outside of court.