Replies to post #2715 on ZNext Mining Corporation, Inc (ZNXT)

[whalebait]

This is going to be good!

[ced70]

Nice pot odds are we sure that we are talking about the same Pearl?

[janice shell]

Ahhhhhhh, Dr Fred the Billionaire Podiatrist:

Melchizedek also pops up in stock swindles from time to time, as in the case of Countryland Wellness Resorts Inc., run by a career fraudster named Fred Cruz. In its filings with the SEC, Countryland, claimed to have a supply of gold valued at about $25M, which turned out to be "dirt stored in a warehouse" according to the SEC. Countryland also claimed to have hundreds of millions of dollars worth of "Indonesian bank guarantees," which the SEC said didn't even exist. Then there were its billion-dollar mining reserves. The SEC's statement on Countryland said the value of these couldn't be determined without "extensive work," but Countryland claimed to have sold its "mining interests" to the accomodating Dominion of Melchizedek for $2.7 billion.

You can read the whole story here:

http://www.siliconinvestor.com/readmsg.aspx?msgid=10397304

That's the first post. It's a very short board, but a very, very funny one.

The SEC's final opinon was.....dryly humorous:

http://www.siliconinvestor.com/readmsg.aspx?msgid=15199773

[janice shell]

The Truth: Melchizedek provides no proof for this claim, and it is fantastic and bizarre considering that there are no (real) Melchizedek banks. Again, the Washington Post: The Washington Post, "The Ruse that Roared", 5 November 1995:

"Its president, a woman who goes by the names Mz. Pearlasia and Elvira G. Gamboa, was successfully sued by the California State Banking Department to prevent her from representing herself as a banker there.

* * *

"Melchizedek says its several hundred banks hold a 'net asset value' of $25 billion, yet President Pearlasia remains in arrears to the state of California, having failed to pay a court-imposed sanction of $1,431.90 for her 'bad-faith actions' related to the lawsuit.

http://www.quatloos.com/groups/melchiz.htm