A Closet

[fung_derf]

Houser Posting Admissions in Deposition

Apparently jarta has access to the deposition.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34103332

jarta
Wednesday, December 10, 2008 7:13:14 PM
Re: None
Post # 1682 of 4447

My post to wn (whiteknightpn - actually Houser or upthirty) from 10 months ago on RB concerning the discovery filed in the BMCS litigation then pending in the federal court:

"By: jarta
02 Dec 2007, 11:57 AM EST
Msg. 17140 of 20429
Jump to msg. #
wn, ... The deposition reveals quite a bit about you. It should be required reading for any potential investor in this company.

In your deposition taken October 23, 2006, you admit that you have posted here (RB) under the name whiteknigntpn? You admit you have posted here under rdassociates? And, you admit you have posted as truthdetector? In fact, you admit that you have posted for 15 years on various message boards under many, many aliases.

In that same deposition, you admit you drafted or altered portions of Ed Thompson's special appearance and mailed it from Southlake to the Dallas court after he signed it? (And, by the way was Allen Treffry the California attorney who drafted the original document for Thompson? You had a convenient memory lapse about who it was.)

Why distort the share structure on the BMCS web site. From the deposition it is clear that for each share that goes into the float, the company issues shares to you (or a proxy for shares is issued to you) that entitles you to maintain perpetual control of the corporation. Only the float is listed on the web site. (Back in 2006, 110M was in the float and posted, but the issued was about 250M.)

Even Jacobs and Crane have shares with no voting rights. They have given you a proxy for their shares. I'm not saying what you are doing is illegal. That depends on the number and assets requirements for SEC reporting. I'll let the SEC decide. It's just very misleading to those investors who feel that BMCS is a company in which they might have some say by being shareholders.

I had posted before that the company was boxed before you got started. I appear to be wrong. They didn't box it. You did.

The difference between you and the company really blurs once you assure that you will always have control over 50% of the shares. And, since you can always vote a R/S by your 50% vote, you can squeeze out all of the other shareholders and start all over again issuing shares - all the time being careful to make sure you have 50% of the voting rights.

The other thing you haven't told the shareholders or potential shareholders is that the company (actually you) is awarding you (yourself?) a substantial salary that was deferred to the sum of about $800K in 2006. Thus, the company is crippled by this liability to you. (You were, however, diligent in getting those commissions on the sales of the 3 lasers that had been sold back then.)

You might claim that you are just holding off the company against "bad guys" who are out to destroy it. That may be so. But, while holding off the "bad guys", you are sure surreptitiously lining your own pockets.

Total honesty is the best policy. To me, because you do not tell the whole truth, you do not appear to be honest. Misleading people is not honest. There are no "good guys" involved with this stock.

BMCS is not about selling lasers or SHBAN. If it was, it would be a company with a future. But it's merely about stock manipulation by groups of scamsters. As I said, a pox on both your houses. ... eom"