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Re: mastaflash post# 159228

Tuesday, 09/23/2008 8:53:32 PM

Tuesday, September 23, 2008 8:53:32 PM

Post# of 169274
When I believed the b.s., I posted several times that I thought the devices were "given" to Rufus to use as collateral to fund JV's and that Rufus didn't actually own the assets. I thought he could put them on the balance sheet as an asset but wondered where the liability was for the other side.

Of course, I didn't know at the time that Rufus failed on his part of the agreement to use those financial instruments like pay the fee for use.

He created smoke and mirrors. That's it. If he didn't, you'd be able to show that he owns the devices today. At the very least, you'd be able to show where that 18 million in revenue from said devices ended up. It simply never happend.

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