will put Jerry Woods in jail, **Liers are thieves
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As I read Fred , he thinks you should not be compensated for time.....
But FC should be !
although in their mission statement they claim ......
"they only do good and offer up a REMUNERATION program."...
.... Should we assume that FAIRNESS IS A PART OF FC CLAIM ???
You and Frankie are fighting to keep FC shares of which ....the cost is all most nothing, ....If I was Frankie I would use FC shares!
But as a UWB shareholder I would prefer CASH,.... but if FC stock comes,
they need to turn the clock back to the beginning of the crime to arrive at a price for FC stock
and give UWB shareholders a break after screwing over us for eight years.
.
Didn't want say this on
the board but we can go after the BK for fraud
a year after the BK is closed and the BK can be reopened
Financial media is buzzing this week that a Federal District Court Judge for the Southern District of New York, Jesse Furman, has ruled that the City of Providence, Rhode Island, the Plumbers and Pipefitters National Pension Fund, along with other plaintiffs, can move forward with their class action lawsuit against seven stock exchanges, including the New York Stock Exchange and Nasdaq, for allegations that they effectively rigged the market against the small investor.
That sounds like a great David versus Goliath court case is moving right along toward a triumph for justice – until one looks at the gritty details of the case.
Its been 7/8 or 9 years now,
what another two to three years with the truth coming out?
WE would rather pay than be cheated and then sue for what we are entitled!
This whole thing has been a cover up in a secret BK court from day one for no reason but to cheat the bank , the workers, and the shareholders all UNDER COLOR OF LAW.
Gutless GUY is more the blame than any one, along with the FDIC and FC.
Who do you think is going to cover the loss?????.
.
I see we need an independent counsel to open the whole BK up to get the straight story.
"BS" ... The attorney went back to the IRS and got the value of the loss approved for $587mm moved to $600MM, so why are you trying to pull this scam now? .... This just goes to show you how trust worthy you are!
Dream a little Willie
"great quote for our approach. We used the indicators of efficacy which were taking place, on whatever scale, and used data analytics and precision medicine to enrich further phases."
I have often though the same thing, that the approach is so new that the FDA would come up with some NEW HOPES to jump through and drag this out another year.
I don't think we have seen the sale of the year yet, some will be happy others will be disappointed.
You know the put sulfates in wine to kill bacteria so it will stay fresh and will then kill the consumer.
************
NOW CAN I HAVE YOUR ATTENTION
What about the rest of FC shares 1,111,764
less the 300,000 that the court has?
OR DO WE WAIT TO THE LAST SECOND!
we could add 3 or 4 month to the pay out
the Attorneys are like the Army "HURRY UP AND WAIT".*******
.
The Judge wanted it closed two years ago and now you are saying "Here comes the Judge".
DOW to open down 300 pt this AM.
Today is a new day and the DOW to open down 300 pt
https://otcbb.swingtradebot.com/equities/DKGR:OTC
this is what they say.
https://otcbb.swingtradebot.com/equities/ONCI:OTC
Dow going down 300pt this AM.
Looks like its going to be 300pt down on the DOW this AM!
Most of them will be a round until we hit ten penny's [0.10 cents]or higher.
My big question is , do I want to tie my money up for the next two to three years without a return?
I am still climbing the hill and on the down side of life.
It may take the company 8 to 10 years to be in production.
Shoot the whole thing!
For starters
$155+ 34=189 div by FC $170= 1,111,765 FC shares.
send a bill to FC for 1,111,765 Shares.
FC share price of $170 X number of FC shares due is 911,764 = $155mm
BUT
at today's price $426 X the shares due 911,764 = $388411464 div
by 29.4 = $13.21 per share of UWB stock. BUY YOUR OWN SHARES!
1 for 99 is just playing games to short you!
.
Worst case using stock, for Pricing FC stock
timing would be from the first year FC used the NOL at the latest to reduce there Taxes and using the stock price of that Tax year.
fred
"that's a very VALID point.........I think the IRS would agree.....................but it only locks in the price at that point in time." ......
******** What don't you understand ?*****&*
LGL
1. Yes that Locks in the FC price.
2. FC will need to come up with more stock or money to pay off UWB.
3. 1 for 99 is out, FC share price of $170 is in.
4. NOL .315% X $600mm=189mm less $34mm=$155mm for UWB shareholders.
5.If the price of FC stock was $170 Div into $155mm= 911,764 Shares of FC stock plus a few more $34mm to pay off other claimants. Then we need cash from the ITR and MONIES from FDIC that they collected on our behalf.
6. $155mm div by 29.4 UWB SHARES = $5.27per share PLUS ITR and other $250mm+ in bank RECOVERIES!
.
Worst case using stock for
Pricing FC stock
timing would be from the first year FC used the NOL at the latest to reduce there Taxes and using the stock price of that Tax year.
How ever I still think, because the price should be from the first day FC decided to in gauge in the criminal take over of UWB, Under Color of Law!
Stock pricing looks to be $170.00
.
BOY did we change our tune, how does the melody go, $16.50 or better.
If the FDIC has been told to drop every thing it is a good time to go
after all of the money on deposit that belong to the Bank including
UBS and Libor monies and all monies collected on behalf of UWB
Take a big look at the WM%R [ Williams % R ] it will tell a lot as to where AVXL is going !
What is the meaning of "new bank toys" ?
WHAT IS THE NEXT MOVE?
I believe that management will Retire a lot of the phony shares that has continue to bog this stock down that was used by Dore to control shareholders!
all of this is water under the bridge,...........
No water under the bridge as long as the BK case is still open......
They.the FDIC ,GUY and TRUSTEE and others wants shareholders to see a dry hole, so the assets / moneys can be re-appropriated.
An accounting of assets need to take place under the watch of a shareholder committee.
.
The value of the Bank losses was $587 mm to $600 mm last,
So $600 Million loss times .315 = $189 mm less $53 mm = $136 mm
$136 mm Div by 29.4 mm UWB shares = $4.6258 .....
we only owe $34 instead of owing $53 mm to creditors,
So $189 mm less $34mm = $155 mm Div by 29.4 mm = $5.27 per UWB share.
PLUS ITR
*******************************
SOLD OUT for $82mm, on day one.................via harvey sender's POR/11...................I know, BS got $60mm or 30% of the $200mm................ WHAT is 30% of $117mm = $35 mm
....AND NEITHER OUR PEEPS NOR THE FASCIST FDIC EXPECTED TO RECEIVE OVER $235MM TO DATE ON THE BANK'S RECOVERIES........and LIBOR will easily be another $25mm and probably closer to $50mm..............REAL MONEY......
Nothing Jives ******************
That is a little over .64 cents [$0.6462]
What if you add .6462 cents to $4.6258 = $5.272 per share PLUS the ITR.
The value of the Bank losses was $587 mm to $600 mm last,
So $600 Million loss times .315 = $189 mm less $53 mm = $136 mm
$136 mm Div by 29.4 mm UWB shares = $4.6258 .....WHAT AM I MISSING?????
IT"S ALL COMING OUT, You can count on another 5 to 15 years in the courts.
Another former client of First NBC Bank has been charged with conspiracy to commit fraud in the wake of the New Orleans-based bank's $1 billion collapse two years ago.
Federal prosecutors announced Friday that they had charged Kenneth Charity, a developer and client of the bank for more than a decade, with conspiracy to commit bank fraud.
Charity is the third person to be charged in the case, in which the bank, founded by high-profile New Orleans financier Ashton Ryan, was seized by regulators in 2017, leaving the Federal Deposit Insurance Corp. on the hook for $1 billion. It was the biggest U.S. bank failure since the financial crisis of 2008-10.
The charges brought Friday allege that Charity used front companies and conspired with "Bank President A" — which, it is clear from previous charges filed in the case, is Ryan — to submit false documents to obtain loans that totaled $18 million by the time the bank collapsed in April 2017.
Charity was charged in a bill of information rather than a grand jury indictment, usually a sign that a defendant has agreed to plead guilty and cooperate with prosecutors.
First NBC Bank's former top lawyer set to plead guilty to bank fraud charge in May
First NBC Bank's former top lawyer set to plead guilty to bank fraud charge in May
Gregory St. Angelo, who served as First NBC's general counsel, was charged in March in a similar bill of information. St. Angelo was both a bank employee and a major customer: Prosecutors accuse him of committing fraud to obtain more than $50 million in loans.
He has filed documents indicating he will plead guilty at the end of May.
The U.S. Attorney's Office is accusing Charity of a host of scams to falsify his financial condition, obtain loans for a property development that never happened, and use the proceeds to fund a lavish lifestyle.
The charges say Charity, with Ryan's knowledge, falsely claimed assets in excess of $350,000 from his father's trust. He is also accused of falsely claiming that companies he controlled were owed millions of dollars from a government program, whereas the supposed assets were, in truth, only possible grant proceeds.
First Assistant U.S. Attorney Michael Simpson said Charity also claimed rent receipts over a three-year period that were never collected, and that Ryan was aware of this.
The documents say Ryan also helped Charity to continue to file false financial reports in order to receive new loans to pay off old loans, despite knowing that Charity was insolvent.
Ryan "was well aware that Charity was unable to repay his loans, yet (Ryan) continued to falsely represent in bank records that Charity and his entities were profitable," the charges read.
The bill of information also details alleged frauds used to obtain about $1.5 million in funds that were supposed to be spent renovating a beignet shop at 620 Decatur St., in the French Quarter. In fact, they were used to cover bad loans and Charity's personal expenses, the document alleges.
Another scam the government says Charity, Ryan and unnamed "others" at the bank cooked up involved the purchase of the Lake Terrace Shopping Center, at Robert E. Lee Boulevard and Paris Avenue in Gentilly. Though they don't say how much money was involved, prosecutors allege the loan to purchase the shopping center and subsequent loans supposedly to be used to renovate it all ended up in an account controlled by Charity, who used the proceeds to renovate his swimming pool and pay lawyers' fees.
"When Charity sold the shopping center in February 2016, it was in such a state of disrepair that the City of New Orleans included as a condition of the sale that the new owner demolish the property within 60 days of the purchase," the charges say.
Ironically, First NBC Bank was to have been one of two anchor tenants in a new development at the site, but the bank collapsed before it could get underway. The site was eventually turned into an Ochsner drive-through medical facility.
A 2013 story in the Lens spotlighted Charity's failure to bring back the mall and noted he owed the city more than $100,000 in back taxes. The story also said he won a $250,000 grant from the city to help spur the mall's redevelopment. Charity received all but $25,000 of that amount, according to the Lens.
Last year, prosecutors charged another major First NBC customer, Jeffrey Dunlap, a Slidell-based contractor, who pleaded guilty last October. Dunlap confessed that he filed bogus loan paperwork, allegedly with Ryan's help, to secure a line of credit from First NBC of more than $22 million.
Dunlap, who had a series of separate private business dealings with Ryan, was due to be sentenced last month, but his hearing was pushed back to July 31.
Slidell contractor with ties to First NBC Bank founder Ashton Ryan pleads guilty
Slidell contractor with ties to First NBC Bank founder Ashton Ryan pleads guilty
Ryan is expected to face charges, as is one other First NBC official, former Chief Credit Officer Bill Burnell. Burnell has been referred to in charging documents as "Bank Officer B."
Edward Castaing, attorney for Ryan, said his client maintains his innocence.
Brian Capitelli, one of Burnell's attorneys, also said his client is innocent of any wrongdoing, adding that Burnell is not accused of having profited from any of the alleged scams.
Editor's note: This story was changed May 18 to correct the location of the Lake Terrace Shopping Cente
Ad was well made, it was Warren Buffet's Co.
AD played over the week end!
I agree with Newt, more made up bullshit by manipulators to get a bigger piece of the pie! Soon you won't buy a cup of coffee with what is left.