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Re: ohbull2000 post# 133170

Monday, 12/06/2010 10:55:52 AM

Monday, December 06, 2010 10:55:52 AM

Post# of 159752

That news brief I re-posted from Aug. is in direct correlation to what you posted about longterm, isn't it?



No, it is not.

The crackdown is on bogus assets being claimed by scammy companies. Like the non-existent diamond mine Urban Casavant tried to use. The non-existent seafood factory Jeff Turino tried to use. The bogus refinery some wanker tried to claim even though Interoil was the only refining company with a license to refine in PNG.

The big one the SEC is targeting will be bogus promissory notes used to feign bogus debts to be paid in shares. If someone claims 800,000 in legal debts, there will have to be real billing receipts to back it up.

Consider what you posted the anti-Madoff rule. The SEC is going to crackdown on companies who lie about their assets, their revenues, and lie about operations which do not exist.

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