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Wednesday, August 23, 2006 8:59:28 PM
Okay IHUB, I know you are going to call me a basher, but I went to a very experienced NY Banker, to have him look over the company, it's PR's, and expecially this latest 8k. I want to present his ideas, and have a critical discussion with you concerning them, and see if we can refute his claims.
Okay???
Here is the latest transcript:
Concerning the 8k Global Funding Agreement
Wall Street Dude: yep... scam.
Wall Street Dude: all you have to do is read it.
Thehavenots: I read it
Thehavenots: you should update the IHUB board
Thehavenots: with your experience
Wall Street Dude: i have to admit, it took me aback
Thehavenots: you are valuable there
Thehavenots: how so?
Wall Street Dude: because it looks legit on the surface.
Wall Street Dude: and it's quite complicated
Thehavenots: SEC filings usually do
Wall Street Dude: but its a ruse.
Thehavenots: what's the evidence?
Wall Street Dude: let me prove it to you.... this will take a minute.
Wall Street Dude: The funding agreement brings a 450 Million Euro ($579,149,833 USD converted)
denominated Note on Lehman Brothers Holdings PLC with a 6 1/8% coupon to CSHD's
Asset Back Management facility. (The MTN holds an S&P, Fitch, and Composite A+
rating with a Moody's A1 rating).
Wall Street Dude: ok...well and good right?
Thehavenots: so?
Wall Street Dude: ok, now watch...
Wall Street Dude: The funding agreement brings A 450 Million Euro ($579,149,833 USD converted)
denominated Note on Lehman Brothers Holdings PLC with a 6 1/8% coupon to CSHD's
Asset Back Management facility. (The MTN holds an S&P, Fitch, and Composite A+
rating with a Moody's A1 rating).
Wall Street Dude: its just the description of the issue.
Wall Street Dude: which is sliced up into par value lots of 1000 euros.
Wall Street Dude: alas, i further....
Wall Street Dude: (pls hold)
Wall Street Dude: 2A. PURCHASE OF NOTES BY CONVERSION SOLUTIONS, INC.
Conversion Solutions, Inc. may purchase some or all of the Notes in the open market or otherwise at any time, and from time to time.
Wall Street Dude: nowhere in the 8k do they say how many bonds the humanitarian and scientific foundation is putting up.
Wall Street Dude: its like saying i own Microsoft, and i'm depositing it with you. what if i only have 100 shares?
Wall Street Dude: you can go out and say i am depositing Microsoft with you.
Wall Street Dude: and from whatever you make on it, you will give me 50%, plus your treasury stock which i will happily go sell at 1.25 a share.
Wall Street Dude: see?
Thehavenots: a ponzy scam?
Wall Street Dude: not really, just misleading for the purpose of getting people to think its really worth that much. The issue is in fact worth that much, but they aren't getting all of it... the objective is to make the stock go up from people buying it and not reading the fine print, while their buddies feed it out into the market.
Wall Street Dude: actually quite clever.
Wall Street Dude: if i were doing it, i would have done it with smaller numbers though.
Wall Street Dude: or else people like me are going to take notice.
Wall Street Dude: and if they say this makes their book value, 20, 30, or whatever, that is just a lie.
Wall Street Dude: read it... no where does it say how many bonds the Humanitarian foundation is putting up.
Thehavenots: can I post this dialogue on the board?
Wall Street Dude: maybe i missed it... it only says they will share 50/50 on what profits they get from being able to hypothecate the bonds.
Wall Street Dude: you know your going to be called a 'basher', right?
Thehavenots: fuck um
Wall Street Dude: did you post it?
Wall Street Dude: i'm actually kind of excited to see what they say
Wall Street Dude: nothing than it seems the Finland deal is the same thing, and the original UCC security notes are the same thing, and the venezualan bonds are the same thing, and that no company gets something for nothing.
Wall Street Dude: BTW... UCC security notes are nothing more than a promissary note... if i tell you i owe you a million dollars that doesn't mean you can claim it as a realized asset. but thats neither here nor there.
Wall Street Dude: they are going to be mad at you.
Thehavenots: what about an unrealized asset?
Thehavenots: that's how they claim these things
Wall Street Dude: they claim it as book value.. that conotes realization of that asset. unfortunatly saying i own Microsoft does not make me worth one billion dollars.
Wall Street Dude: and just because the venezualan bonds pay 13 5/8% doesn't mean they are getting paid 33 million a year.
Wall Street Dude: if they had the entire issue they would...
Thehavenots: how do you know they don't have the whol issue
Wall Street Dude: because of this...
Thehavenots: didn't you read the 8k merger agreement
Thehavenots: there was an unaudited balance sheet
Thehavenots: delineating the whole issue on the first bonds
Wall Street Dude: yes... agreed.
Wall Street Dude: however there was never any definitive proof they owned the entire issue.
Wall Street Dude: in fact, i can prove otherwise.
Thehavenots: but it's a misleading SEC violation
Thehavenots: I spoke with them about this
Wall Street Dude: duh
Thehavenots: the penalties are real
Thehavenots: what's their exit strategy?
Wall Street Dude: a guy once told me, if you are going to do something wrong, make sure its for 16 million, not 160,000
Wall Street Dude: i think they will leave the country IMHO
Okay???
Here is the latest transcript:
Concerning the 8k Global Funding Agreement
Wall Street Dude: yep... scam.
Wall Street Dude: all you have to do is read it.
Thehavenots: I read it
Thehavenots: you should update the IHUB board
Thehavenots: with your experience
Wall Street Dude: i have to admit, it took me aback
Thehavenots: you are valuable there
Thehavenots: how so?
Wall Street Dude: because it looks legit on the surface.
Wall Street Dude: and it's quite complicated
Thehavenots: SEC filings usually do
Wall Street Dude: but its a ruse.
Thehavenots: what's the evidence?
Wall Street Dude: let me prove it to you.... this will take a minute.
Wall Street Dude: The funding agreement brings a 450 Million Euro ($579,149,833 USD converted)
denominated Note on Lehman Brothers Holdings PLC with a 6 1/8% coupon to CSHD's
Asset Back Management facility. (The MTN holds an S&P, Fitch, and Composite A+
rating with a Moody's A1 rating).
Wall Street Dude: ok...well and good right?
Thehavenots: so?
Wall Street Dude: ok, now watch...
Wall Street Dude: The funding agreement brings A 450 Million Euro ($579,149,833 USD converted)
denominated Note on Lehman Brothers Holdings PLC with a 6 1/8% coupon to CSHD's
Asset Back Management facility. (The MTN holds an S&P, Fitch, and Composite A+
rating with a Moody's A1 rating).
Wall Street Dude: its just the description of the issue.
Wall Street Dude: which is sliced up into par value lots of 1000 euros.
Wall Street Dude: alas, i further....
Wall Street Dude: (pls hold)
Wall Street Dude: 2A. PURCHASE OF NOTES BY CONVERSION SOLUTIONS, INC.
Conversion Solutions, Inc. may purchase some or all of the Notes in the open market or otherwise at any time, and from time to time.
Wall Street Dude: nowhere in the 8k do they say how many bonds the humanitarian and scientific foundation is putting up.
Wall Street Dude: its like saying i own Microsoft, and i'm depositing it with you. what if i only have 100 shares?
Wall Street Dude: you can go out and say i am depositing Microsoft with you.
Wall Street Dude: and from whatever you make on it, you will give me 50%, plus your treasury stock which i will happily go sell at 1.25 a share.
Wall Street Dude: see?
Thehavenots: a ponzy scam?
Wall Street Dude: not really, just misleading for the purpose of getting people to think its really worth that much. The issue is in fact worth that much, but they aren't getting all of it... the objective is to make the stock go up from people buying it and not reading the fine print, while their buddies feed it out into the market.
Wall Street Dude: actually quite clever.
Wall Street Dude: if i were doing it, i would have done it with smaller numbers though.
Wall Street Dude: or else people like me are going to take notice.
Wall Street Dude: and if they say this makes their book value, 20, 30, or whatever, that is just a lie.
Wall Street Dude: read it... no where does it say how many bonds the Humanitarian foundation is putting up.
Thehavenots: can I post this dialogue on the board?
Wall Street Dude: maybe i missed it... it only says they will share 50/50 on what profits they get from being able to hypothecate the bonds.
Wall Street Dude: you know your going to be called a 'basher', right?
Thehavenots: fuck um
Wall Street Dude: did you post it?
Wall Street Dude: i'm actually kind of excited to see what they say
Wall Street Dude: nothing than it seems the Finland deal is the same thing, and the original UCC security notes are the same thing, and the venezualan bonds are the same thing, and that no company gets something for nothing.
Wall Street Dude: BTW... UCC security notes are nothing more than a promissary note... if i tell you i owe you a million dollars that doesn't mean you can claim it as a realized asset. but thats neither here nor there.
Wall Street Dude: they are going to be mad at you.
Thehavenots: what about an unrealized asset?
Thehavenots: that's how they claim these things
Wall Street Dude: they claim it as book value.. that conotes realization of that asset. unfortunatly saying i own Microsoft does not make me worth one billion dollars.
Wall Street Dude: and just because the venezualan bonds pay 13 5/8% doesn't mean they are getting paid 33 million a year.
Wall Street Dude: if they had the entire issue they would...
Thehavenots: how do you know they don't have the whol issue
Wall Street Dude: because of this...
Thehavenots: didn't you read the 8k merger agreement
Thehavenots: there was an unaudited balance sheet
Thehavenots: delineating the whole issue on the first bonds
Wall Street Dude: yes... agreed.
Wall Street Dude: however there was never any definitive proof they owned the entire issue.
Wall Street Dude: in fact, i can prove otherwise.
Thehavenots: but it's a misleading SEC violation
Thehavenots: I spoke with them about this
Wall Street Dude: duh
Thehavenots: the penalties are real
Thehavenots: what's their exit strategy?
Wall Street Dude: a guy once told me, if you are going to do something wrong, make sure its for 16 million, not 160,000
Wall Street Dude: i think they will leave the country IMHO
Odysseus crossed the river of Styx. He asked Achilles if it was worth trading his life to have his 'name' live forever. Achilles replies: "I would rather be the slave of a slave on earth, then to live here in Hades..." --Homer's The Illiad
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