MORE SERIOUS CONTRADICTIONS HEARD ON TAPE
On July 20, 2006, Rufus confirmed the company had limited cash with the following question and response on his trader's corner interview.
Question - What about the balance sheet? The only sheet we have seen shows no assets no revenues.
HARRIS: "That is correct. Until probably one month before launching we were not going to liquidate anything into cash and start hiring the managers and at the same time, release at the very beginning all of our companies projects funded with cash."
BUT on July 27th, The following conversation took place between Rufus Harris and one of the hosts.
Host: How much cash do you have on hand?
HARRIS: Currently?
Host: Yes.
Harris: In the bank?
Host: Or in your pocket, wherever you put it? In the mattress... where ever you hid it.. how much?
Harris: "CVSU currently has a $500 million bank account in European bank[s] and on that ... I don't know.. less than a million in the US right now for payroll."
Did CVSU suddenly get a cash infusion and did they not announce or disclose it or... was this made up on the spur of the moment?
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