Wall Street Dude: there is a difference between garnering assets, (the entire difference between owning something and being able to hypothecate it, which is the crux of the situation here... look at [(his own company, which I was reviewing, name omitted)] book value, (we are not a public company)... even though we can hypothecate sometthing we don't claim it as ours)
Wall Street Dude: check out the focus reports from the NASD
Wall Street Dude: hell, check out me.
Wall Street Dude: its kind of like owning a parking lot.
Wall Street Dude: and CVSU is saying that since these cars are parked here, we own them.
Wall Street Dude: well when someone parks a million dollars in bonds at my firm, i will borrow on them, lend on them, work with them... but i can't add it to my book value, because i OWE the owners of that asset.
Wall Street Dude: its that pesky liabilities thing.
Wall Street Dude: give me a promissary note, and i can say i'm worth a million.
Thehavenots: I heard they can post as intangible assets under this type of deal
Wall Street Dude: sure they can...
Wall Street Dude: its like a bank, its a balance.
Wall Street Dude: but they have to make money.
Wall Street Dude: and my big problem with this whole deal, is EVEN IF the ENTIRE ISSUE OF BONDS was placed with them... (which i doubt),
Wall Street Dude: (and can prove otherwise)
Thehavenots: It says net amount of deposit is 450 Million Euro to HSBC bank in London, this banker guy is saying that was is said in the Annex of the 8-K is refering to the entire issue. That makes no sense, they are reporting on what they have not what the entire issue is.
Wall Street Dude: ok, if net net 450 Euros was placed with them... what about the other holders of the bonds?
Wall Street Dude: they are saying the description of the bond is the deposit.
Wall Street Dude: they are NOT saying what was actually deposited.
Wall Street Dude: yes, that is what the bond is.
Wall Street Dude: but what if only 1000 dollars worth of that issue was actually placed with them?
Wall Street Dude: AND EVEN IF THE ENTIRE issue was,,, how on earth are they going to make money with it?
Wall Street Dude: RUNBYLOVE?
Wall Street Dude: give me a break
Thehavenots: they are going to make money by taking GA public
Thehavenots: by doing all those future projects on their website
Thehavenots: that's what this type of funding is for
Wall Street Dude: um, dude.
Wall Street Dude: canals through texas?
Thehavenots: 1. National Education Facilities and Standardized Studies Reform Program, Head-start through University
Building an alternative nationwide education system, including structures, teachers and curriculum, where each child gets exactly the same first class education as the next child no matter which city he or she resides in at no cost to the child, parents or government division.
2. Research Program for Developing a Viable High-speed Commercial Ground Transport System to Replace the Antiquated System of Railroads
Development of a 500 mph electrically powered ground transport (Cobra Air Train) system to replace all commuter trains and to compete with less energy efficient and polluting commercial aircraft. Secondarily, development of a heavy lift transport to replace all cargo-carrying
Thehavenots: 3. Coastal Seas Electrical Energy Generation Program
Building and installing a series of nuclear powered electrical generation platforms, on the ocean floor, that will produce clean safe electrical energy for Southern California, the Gulf Coast and Eastern Seaboard of the United States; The goal is to supply 55 million homes with electrical energy and retire as many oil and coal fired electrical generation plants as possible and eliminate the troublesome brownouts that are experienced by both coasts.
4. Research and Development Program to Design and Build an Alternative Fuel Fleet Vehicle with Standardized Refueling System and Related Infrastructure
Development and building of vehicles usually purchased in quantity for a specific purpose that will utilize only alternative fuels such a
Wall Street Dude: 1) wasn't that a campaign promise?
Wall Street Dude: oh,,, my second favorite, undersea nuclear power plants.
Wall Street Dude: stop it.
Thehavenots: 5. Research and Development Program for designing “The New Navy’s” next Generation Ship Configuration and Propulsion System
Development of three minimal-crew, composite, bi-hulled, assault/screening vessel classifications for the New United States Navy; These ships will be equipped with a next generation underwater propulsion system which will allow the vessel to attain very high speeds on the water and meet today’s and tomorrow’s threats with minimal service people at risk.
6. Downtown Tempe, Arizona Business District Revitalization Program Utilizing Planned Recreation/Retail Commerce Zones
Building a state-of-the-art Iron Ride Park on city property to enhance the synergy and retail traffic flow to the Tempe Town Lake and River Walk Recreation/Retail Commerce Zones. Secondarily, buyo
Wall Street Dude: your killing me here.
Thehavenots: 7. Mississippi River Flood Water’s Diversion and Drought Remediation Program
Transporting potential floodwaters from the Mississippi River Flood Basin, via large canals, to lakes and reservoirs throughout the states of Texas, New Mexico and Arizona before the river rises to flood stage.
8. First Response Oil Spill and Coastline Reclamation and Oil Remediation Program
Build a flotilla of ships fitted with oil skimming equipment and capture tanks to reclaim oil spills at sea. Additionally, ocean-to-beach running hovercrafts fitted with solvent injected earth tumbling machines that will process shoreline sand/soil/rocks, reclaim the spilled oil and return the shoreline back to pre-spill condition.
Wall Street Dude: Additionally, ocean-to-beach running hovercrafts fitted with solvent injected earth tumbling machines that will process shoreline sand/soil/rocks, reclaim the spilled oil and return the shoreline back to pre-spill condition.
Thehavenots: 9. Research and Development Program for Building an Alternative Energy Fueled Commercial Commuter Aircraft
Development of a viable commercial aircraft that is powered by a non-polluting alternative fuel source.
10. Programs to Build and Operate a Radioactive Materials and Atomic Waste Reclamation and Disposal Facility
Build and operate, in a remote location, a radioactive materials and atomic waste reclamation/remediation and disposal facility
Thehavenots: no
Thehavenots: you are killing the dreams of everyone on this board
Thehavenots: including me
Thehavenots: this is hard ball
Wall Street Dude: hey, i read popular science too.
Thehavenots: these types of huge bond funding agreements are for stuff like this
Wall Street Dude: DUDE
Wall Street Dude: it ain't happening.
Wall Street Dude: Rufus is not going to be able to fund oil spill remediation projects by scooping up beaches with hovercraft.
Wall Street Dude: and if it WAS going to happen, do you really think any insider worth his salt would sell.
Wall Street Dude: through (omitted) no less?
Wall Street Dude: a trucking company with six semis turns into a flotilla of hovercraft and 500 MPH bullet trains?
Wall Street Dude: c'mon.
Wall Street Dude: a huge bond funding agreement is to build the (omitted) pipeline... (which my firm DID).
Wall Street Dude: and then that resulted in the Arbitrage (omitted)
Wall Street Dude: which resulted in 60 years of knowing municiple finance
Wall Street Dude: which results in things like the (omitted) Wall Street Dude: and other pipelines, shit like that.
Wall Street Dude: the (omitted) is one of the highest interchanges in the country.
Wall Street Dude: tobacco settlements
Wall Street Dude: schools
Wall Street Dude: hell we financed the (omitted) High School
Wall Street Dude: and that was for breakfast.
