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Fhal or Die trying

10/27/06 10:03 AM

#115766 RE: DownWithPumpers #115750

That is just not true that is not what RPH said. He said he had a LOC to tap into if he needed. There was no mention of a bond.

The other misleading statement you made is claims he own 100% free and clear ownership of the bonds. Pretty please show me in the fillings or PRs where that claim is made. It is just not there. It says the have/own but it doesn't say anything that they own the bonds free and clear. Now if you read the bond agreement you will see how the ownership works. But I guess you come from the same school as Our Street. Did you know he doesn't know anything about bonds? With the exception these are fake.

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gdb81

10/27/06 10:05 AM

#115767 RE: DownWithPumpers #115750

Rufus has changed his story on the bonds a few times. According to the 10k balance sheet they are owned no strings attached, save for a 40 million note against the UCC note. According to the 10k wording the 500 million bond has a liability: 40% of the profits (ie the interest), on the radio he quoted 50% two days ago.

There's no way he gets out of the bond issue free and clear, ha. Forget the deutche bank contract which is pretty much an open and shut charge.

As Rufus mentioned last night, if you have a billion dollar bond, that's AAA rated you can borrow a billion dollars against it (to pay for it). But nobody but him in the world, thinks that's an asset without a liability that can be used to pump up a stock.

Listen to all his talk about letters of credit, that's proof positive that the rest of his story is false. If you have free and clear ownership of billions of dollars of bonds, you should be a money loaner, not a money borrower.
dead on 100% correct
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vozmil

10/27/06 10:11 AM

#115772 RE: DownWithPumpers #115750

Do u understand, "Bond Hypothecation"? Once u do than you will understand that RPH has been saying this right from the beginning. Hypothecation means to secure money against the bonds. Every body want to sound as an expert although have no clue about what is going on. That is why RPH is rightly upset with these type of sodo experts including the one in Slovinia who said last night he does not know much about bonds.