Well, jannie, I reckon I'm just a good cognitive reasoner.....To wit, had Rufus and the bond deal been legit, there would have been a far different ending to the case. But these allegations were never challenged, were they?:
"On April 4, 2004, the board of directors of Broadband Wireless International Corporation (OTCBB-BBAN) (hereinafter the “company”) passed a resolution to cancel the agreement entered into on December 29, 2002, by and between Enhancement Holdings, LLC, Stanley Holdings Business Trust (referred to herein as EHLLC) and Entertainment Direct, TV, Inc./Broadband Wireless International Corporation. Such cancellation is based on the fact that pursuant to the terms of the agreement EHLLC was to place on the books of the company a 100 Million USD Insurance Guarantee Bond. The bond was to be used to facilitate a $57 million credit line for the company. Under the agreement, the company agreed to render three (3) seats on its board to EHLLC. The three members appointed to BBAN’s board pursuant to the agreement were Paul Harris, Benjamin Stanley and John Walsh. Harris and Stanley are directors of EHLLC and Harris is the CEO of EHLCC.
EHLLC failed to perform its obligations under the agreement. Furthermore, the company has been provided with evidence that the bond is underwritten by insolvent companies and has been assigned to other parties, one of whom recently received a multi-million dollar judgment against EHLLC and its officers/directors in an action alleging fraud and other improprieties. Additionally, the company has reason to believe that EHLLC and its officers/directors have committed other infractions which are under investigation by the company’s counsel and others. The company intends to pursue all appropriate legal remedies against EHLLC, Paul Harris, Benjamin Stanley and John Walsh on behalf of itself and its shareholders. >>
So, you Kool-aid drinkers go right ahead in your beliefs that Rufus is capable of turning water into wine, and a near penniless company into one worth billions at a couple strikes of a pen. Meanwhile I will feel justified in believing that it is all one big con.
