Replies to post #12190 on Netco Investments, Inc (fka NCVT)

[mAjOr dAmAgE]

A regulator may take an interest in the case -- the United States Trustee's office. At a minimum, an independent trustee if the bankruptcy goes forward.

Everytime I start talking to someone, I look at their post history. I forget sometimes that the free memberships can't do that.

I probably don't have the documents you are looking for. My associates are involved post-alleged fraud blitz.

But Rodrigo Araya has some documents and I understand he's willing to turn them over to anyone who wants them. He's out for blood.

If you need me to put you in touch with him, it's no problem. Oh, he's on this board, I'm sure he'll see this message.

[rca]

You need documents?

I've already been giving documents to any shareholder that needs them.

I've supplied four affidavits to shareholder/creditors.

Here's one of them:

UNITED STATES BANKRUPTCY COURT
WESTERN DISTRICT OF TEXAS

In re: Case: 07-10940

PRIVADA INC. Chapter 7
f/k/a NETCO INVESTMENTS, INC.,

Debtor.

DECLARATION OF RODRIGO C. ARAYA

I, Rodrigo C. Araya, declare and state under the penalty for perjury under the laws of the United States of America that the following is true (28 USC §1746):

1. I have knowledge of the matters set forth in this declaration as I was Chief Financial Officer of the debtor from March 2005 until May 2005. In May 2005, I became the President and sole director of the debtor. I believe that the documents claiming to relieve me of my duties were forged.

2. My investigation determined that any person relying on press releases issued by the debtor to invest in its common stock would be a bona fide creditor of the company due to undeniable fraud.

3. Specifically, starting in late 2004, false and misleading press releases were issued to defraud the public. The press releases included a November 2004 release that claimed the debtor became a VOIP wholesaler for South and Central America; a December 2004 release that it secured $20MM in equity financing; a December 2004 release that it acquired Crobuset Software and Communications; a December 2004 release that it acquired Netco Ltd. of Columbia, a large internet company, when it control persons merely formed a new Belize corporation Netco Investments; a December 2004 release that it implemented IPxes Service when it had no technological capability to do so; a December 2004 release that it initiated a NASDAQ listing when it did not qualify to do so; a December 2004 release that the debtor won a $9MM contract when no bona fide contract existed; a December 2004 release that it won a $22MM purchase contract from Introtech Industria (Brazil) Ltd., when it had no ability to provide service; a December 2004 release that it won an $8MM congract from Odebrecht Com. & Agro Biofloresta, when it had no technological capability to offer services; a January 2005 release estimating company performance when no bona fide customers or equipment or services existed; a February 2005 release that the company signed a $5MM technology transfer license when no funds were exchanged and no services were technologically possible; a May 2005 release claiming that the debtor opened a Columbia office; a June 2005 release misrepresenting the nature of its acquisition of Global Interactive; a June 2005 release claiming that all of the assets were released to IPXES Inc., but concealing that no services were ever offered and that no assets or bona fide customers existed.

4. The shareholders that would be bona fide creditors are those who invested money based on the press releases and material representations and/or held their shares based on the press releases and material representations during the time periods involved.

5. There is no dispute about the fraud that occurred or the liability of the company to those who relied on the material representations.

Dated this 6th day of June, 2007.


_________________________________
Rodrigo C. Araya