I CAN'T TAKE IT ANYMORE... thousands of posts, and i'm not sure any one of you know what you are talking about.
This is what is going on here. This is very simple.
I am not long or short this stock, and i'm not going to buy or sell it.
These guys are trying to one thing and one thing only. Effect a short squeeze. THAT is all they care about. Ok, fine then you may say, so what? Well the reason they are trying to do this is to make money off a ponzi scheme. And if it works, you may say, so what?. if you say that you are putting yourself into the same mentality they are in. But aside from that, take a look at it seriously.
1) Hypothecation of a bond (or any asset) means The pledging of securities or other assets as collateral to secure a loan, such as a debit balance in a margin account.
--- so probably most of you have hypothecated your homes which simply means you have a mortgage. You can't just go to the bank and get a check when you mortgage your neighbor's house. You have to prove to the bank that you are in fact the owner of the house, i.e. title insurance, mortgage insurance, title search, etc. In other words you have to buy the house before you can hypothecate it in order to get the credit, and in MOST cases it has to be paid for. RIGHT???? SERIOUSLY that is the way it is.
2) NOBODY, but NOBODY goes from having 9,000 dollars in the bank to suddenly having a 1/2 BILLION dollar government bond. It just doesn't happen. I can't get anyone to give me 50 bucks, so do you really think someone is just going to GIVE these guys a 1/2 BILLION dollars?????? I don't care if your the darn Pope. NOBODY just gives ANYONE a 1/2 BILLION dollars. That is 500,000,000 dollars. Folks, the last time that happened is when they bought the continent from the indians for some beads. If ANYTHING, if someone did give them a 1/2 billion dollar bond to hold onto, (like if someone depostited it with them for safe keeping, do you REALLY think they are just going to sit back and let them cash it out with some promise of future payback??? do ya? if you think that I would like to deposit with you the Brooklyn Bridge, and you can hypothecate it all you want.
3) UCC Security Notes. That doesn't mean anything. UCC means, Uniform Commercial Code. Set of laws regulating commercial transactions, especially ones involving the sale of goods and secured transactions. It also means a promissary note. That means the same thing if i were to get all of you here to promise to give me 5000 dollars each sometime in the unspecified future, I could say that I was in the possession of a 380,000,000 dollar asset that i can just go to my local bank with and pledge as collateral, and walk away with a big fat check. NOW SERIOUSLY? DO YOU REALLY THINK THAT MIGHT BE THE CASE????? I hearby promise each and every person who reads this the GOLDEN GATE BRIDGE. Its real, email me and i will send you a picture.
4) Joint Ventures.... My favorite is RUNBYLOVE... if ANYONE can tell me where i can buy a CD, i will personally send you 100 dollars. I really want one.
5) Future Projects.... My favorite one is Mississippi flood remediation enabled by building a canal through texas so as to take the excess water to Arizona. First of all thats gonna take one hell of a digger. Second of all... *sigh* well seriously people... do ya really think that could happen? do ya?
6) I say we just call a spade a spade here. If ya all want to buy stock from one another, and try to enrich each other in the process, well fine. I don't have any problem with that. have at it. heck it might even work. but at least call it for what it is, because it's certainly not investing in a progressive company with real assets and a plan.
7) whoever heard of a CEO laughing at his shareholders and being evasive? I have heard many CEO conference calls, ON A REAL TELEPHONE SYSTEM i might add, and not one of them ever acted like this guy did.
8) my only interest in this is because of my increduality. And i hate to see people just get ripped.
I'm not bashing, i'm not pumping, I just can't take what i'm seeing here without saying something.
Thanks.
