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SRA International,Mantas Inc.,CIA and Bellador Group ? |
Current rating: 0 |
by Tony Ryals
Email: endoscam (nospam) lycos.com (verified) |
21 Dec 2005
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Should the CIA be allowed to both invest in U.S. SECURITIES AND 'ANTI-MONEY LAUNDERING' TECHNOLOGY OR A COMPANY INVOLVED IN 'AML'THAT COULD BE USED BOTH TO DETECT UNUSUAL ACTIVITIES IN STOCKS BUT ALSO TO COVER IT UP ? |
Does CIA have a stake in Mantas ?
Should the CIA be allowed to both invest in U.S. SECURITIES AND 'ANTI-MONEY LAUNDERING' TECHNOLOGY OR A COMPANY INVOLVED IN 'AML'THAT COULD BE USED BOTH TO DETECT UNUSUAL ACTIVITIES IN STOCKS BUT ALSO TO COVER IT UP ?
Below is from my indymedia article,'Mantas Inc,Herndon, Va, Pro-Money Laundering Arm of International Bankers,Brokers' as well as link to SRA International explaining its links to both the CIA as well as Mantas Inc.'anti-money laundering ' experts who should have detected both the illegal pump and dump of Endovasc as well as all those other U.S.penny stock transactions from its client Charles Schwab's LOM account but didn't.Is there a conflict of interest here and is Mantas Inc. and the CIA 's interest really in protecting American investors and preventing money laundering or not ?
Mantas Inc,Herndon, Va, Pro-Money Laundering Arm of International Bankers,Brokers...
by Tony Ryals Monday December 19, 2005 at 01:22 PM
endoscam (at) lycos.com
Mantas Inc. whose expertise is supposedly anti-money laundering has allowed untold millions or perhaps billions of laundered dollars go unchecked by criminals or even possibly terrorists through our banking , brokerage and market maker systems... promotion of Endovasc penny stock by Agora Inc. of Baltimore followed by massive dumping of 'up to 30 million shares' from a Charles Schwab account is proof but still not even the tip of the 'share-money laundering' iceberg they are apparently paid to ignore. Charles Schwab sold the corrupt market maker business to CSFB not long after that and many other illegal pump and dump schemes in partnership with LOM of Bermuda.Mantas Inc.was rewarded for not doing its supposed job of guarding against money laundering and illegal pump and dump activities by being contracted by CSFB to oversee 'ati-money laundering' activities of CSFB who bought Charles Schwab's market maker business.It should come as no surprise unfortunately that the CIA's In-Q-Tel has been an investor in SRA International, Inc (NYSE:SRX), and that its other parent company Safeguard Scientifics, Inc. (NYSE:SFE) actually shows every indication of having been an illegal pump and dump itself having been promoted even by Agora Inc. inthe past to near $100 per share a few years back to having become a penny stock today .
Mantas Inc,Herndon, Va, Pro-Money Laundering Arm of International Bankers,Brokers,Market Makers..
http://www.ntimc.org/newswire.php?story_id=3500
SRA,Mantas,and CIA
by Tony Ryals Wednesday December 21, 2005 at 10:22 AM
endoscam (at) lycos.com
Below are quotes from SRA INTERNATIONAL (SRX)the founder of Mantas LLC explaining both its relation to CIA as well as Mantas LLC which was indeed transfer officially to Safeguard Scientifics or SRE sometime later with SRA International maintaining an ongoing interest in the supposed 'anti-money laundering' corporation.The approriate Google cache link that color highlights SRA International,CIA,and Mantas is below the quotes.:
''Through a partnership with In-Q-Tel, a Central Intelligence Agency(CIA) funded venture capital
firm, we employ 'NetOwl' text mining mining technology to support user functions including information retieval for a daily briefing of world events....''
''On Decenber 15,2000 the company formed a wholly owned subsidiary, Mantas LLC,with the expectation that the Company would soon transfer its Mantas its service offering consisting of contracts,people,and intellectual property to Mantas and a thrird party investor would purchase an equity interest in Manas LLC for cash.....''
http://64.233.187.104/search?q=cache:fvdzE_ppQJcJ:http://www.sra.com/uploadedFiles/sra_2002ar.pdf+mantas+inc+sra+international+cia&hl=en
Now this from an anonymous poster 'Welshing' on offshorebusiness.com message board explains that SRA International was coincidentally promoted by an offshore boiler room operation Bellador Group,(Kuala Lumpur,Dubai, etc.),whose main business is selling
U.S.penny stocks such as Endovasc of Montgomery, Texas who defrauded me with a Stanford patent,etc. and a fraudulent claim of being 'naked shorted' to cover up the unregistered and unaudited shares they dump around the qworld while the SEC coincidentally, looks the other way.
One wonders if there is not perhaps a Bellador Group,CIA connection.:
Re: Bellador Group
By By: welshing on 11/19/2004 4:39:08 PM
L&G write:
“Bellador's directors, not the company itself, have invested in some companies funded by its clients”.
This seems indeed to be the case, according to the info below, plucked from SEC filings where they figure. The company (Bellador) does not need to invest in the companies funded by its clients in order to function in the way it does (i.e. stock placement, as opposed to stock purchase). Commission only on stock sold following the cold-calling campaign. You can see below how they can offer "clients" a discount on the bid price.
The 3 companies, American Soil, Biophan and China Wireless appear to be the only ones associated with Bellador through SEC filings. Others may have been pre-IPO or via a third party.
The promotion by Bellador of Endovasc in 2002 obviously followed a SEC-free route in terms of how Bellador earned its commission. L&G state in the message they posted to KYC and copied here that “Anyone (who doubts this) can call Endovasc and speak with CFO Dwight Cantrell or Vice President for Business Development, Rob Johnson, about their high regard for Bellador and its directors”. So, assuming that is the case, both Cantrell and Johnson sound pleased with the level of service offered by Bellador.
The Bellador web site lists the following as previous recommendations:
InforMax Inc., Possis Medical, Allied Healthcare International Inc., SureBeam Corporation, Rite Aid Corporation, Hybridon Inc., CITA BioMedical, SRA International Inc., Biophan Technologies Inc.
While American Soil may be too recent for inclusion, 2 notable absentees are Endovasc and China Wireless.
Also remarkable (and amusing) is how Peter Taylor, Director of Bellador, seems to be trying to throw us off the scent (in his KYC board messages) by writing in a style that would be more typical of someone who left school age 12.
Excerpts from
Bellador deal with American Soil:
American Soil Technologies Inc · 10QSB · For 6/30/4 · EX-10.2
STOCK PLACEMENT AGREEMENT
DATED JULY 16, 2004
FOR
AMERICAN SOIL TECHNOLOGIES, INC.'S
COMMON STOCK
STOCK PLACEMENT AGREEMENT
STOCK PLACEMENT AGREEMENT (the "Agreement"), dated as of July ___, 2004 between
AMERICAN SOIL TECHNOLOGIES, INC., a Nevada corporation having offices at 12224
Montague Street, Pacoima, California 91331 (the "Company"), and Bellador
Advisory Services (Labuan) Ltd. a Malaysian business company licensed as a fund
manager in Labuan, the registered address of which is Level 6, Wisma Oceanic,
Jalan OKK Awang Besar, 87007 W P Labuan, East Malaysia, Malaysia, the investment
advisor of its clients (sometimes referred to as "Bellador") who shall be
purchasers of the securities. Company and Bellador shall sometimes be
collectively referred to as the "Parties."
RECITALS:
WHEREAS, Bellador has examined the business and financial records of
Company and has relied upon the information and representations provided by the
Company herein, and
WHEREAS, Bellador has decided to recommend the Company to Bellador's
clients as an investment, and
WHEREAS, the Parties intend for this Agreement to set forth their
understanding of the terms and conditions of both phases of funding and
acknowledge that Bellador will be raising funds for the Company from clients
outside of the United States, and
WHEREAS, Bellador agrees that it will only recommend investment in the
Company to Bellador's clients outside the United States only to those clients
that are not "U.S. Persons" as defined in SECTION 1.4(F) and after providing all
such clients with information about the Company that has been approved by the
Company and the attorneys for the Company.
IT IS, THEREFORE, HEREBY AGREED BETWEEN THE PARTIES AS FOLLOWS:
ARTICLE I.
PURCHASE, SALE AND TERMS OF SHARES
1.1. THE SHARES. The Company agrees to issue and sell to Bellador's clients
(sometimes referred to collectively as "Purchasers" and individually as
"Purchaser") in an offshore transaction negotiated outside the United States and
to be consummated outside the United States. In consideration of and in express
reliance upon the representations, warranties, covenants, terms and conditions
of this Agreement, Bellador agrees to recommend that its clients evaluate the
opportunity to purchase from the Company shares (the "Shares") of the Company's
Common Stock. Shares will be sold by the Company to Bellador's clients for the
previous trading day's closing bid price of the Company's shares of Common Stock
as quoted on the OTC Bulletin Board (the "OTCBB") immediately preceding the date
on which the Purchaser makes a firm commitment to purchase such Shares, which
shall be confirmed in writing by Bellador to Purchaser, and the Company shall
receive the previous trading day's last bid for its shares from time to time,
and, after all expenses of the transaction, including legal, due diligence,
accounting, marketing and consulting fees, the Company shall net no less than
50% of the closing bid price. If the Company becomes listed on another United
States stock exchange or public trading market on which the shares of the
Company trade, the price shall be fixed in an amount equal to the previous
trading day's last trade during hours that the market was open and not based
upon after-hours trading.
1.2. SUBSCRIPTION FOR SHARES; CLOSING. Bellador shall deliver to the
Company a subscription agreement ("Subscription Agreement") completed in full
and signed by each potential Purchaser of Shares. After the Company accepts
subscriptions, the closing of the purchases of the Shares will take place in
Phoenix, Arizona, using the services of Arizona Escrow & Financial Corporation
("Escrow Agent"), a licensed Arizona escrow company. At each closing, the
Purchaser will cause immediately available funds to be delivered to the Escrow
Agent and Company shall deliver the share certificate(s) and/or other securities
that may be purchased to the Escrow Agent according to the terms of the Escrow
Agreement (a copy of which is attached hereto as EXHIBIT A). If the Company has
not had the opportunity to fully review the Subscription Agreement or any other
Transaction Documents related to any such purchase before the Closing with
Escrow Agent, the Company shall notify Bellador that such closing remains
"subject to" the Company's review of any documents that have not yet been
delivered to and examined by the Company, in which case Bellador will hold the
certificate(s) for such Shares pending the Company's review of such documents.
Once the Company has completed its review, it will promptly notify Bellador that
it either (a) accepts such subscription, in which case Bellador shall promptly
release such certificate(s) to the Purchaser; or (b) rejects such subscription,
in which case (i) the Company shall promptly refund the purchase price for such
Shares to the Purchaser, and (ii) Bellador, or Escrow Agent, as the case may be,
shall promptly return the certificate(s) for such Shares to the Company.
1.3 COVENANT OF BEST EFFORTS. Subject to the rights of each party to
terminate this Agreement as provided in SECTION 1.5 below, Bellador agrees to
use its best efforts to arrange for up to $3,500,000 (U.S.) of net funding to
Company on or before May 31, 2005, until the funds have been delivered to
Company or one of the Parties has terminated this Agreement.
(a) ACCESS TO INFORMATION. Bellador, in making its recommendation to
prospective Purchasers regarding the decision to purchase the Shares, has relied
and will rely upon independent investigations made by it and/or its
representatives that were based upon information, documents and representations
by the Company. Reports based upon such information have been and will be
prepared by Bellador and submitted to the Company and its legal counsel for
approval. Bellador will not submit reports or other information on the Company
to its clients regarding potential purchases of the Company's Shares without
obtaining prior approval of the materials by the Company. Each Purchaser and/or
its representatives during the course of this transaction, and prior to the
purchase of any Shares, will have had the opportunity to ask questions of and
receive answers from the management of the Company concerning the terms and
conditions of the offering of the Shares and to receive any additional
information, documents, records and books relative to its business, assets,
financial condition, results of operations and liabilities (contingent or
otherwise) of the Company.
(b) SOPHISTICATION AND KNOWLEDGE. Each Purchaser and/or its
representatives will have such knowledge and experience in financial and
business matters that such Purchaser can represent himself/herself/itself and
will be capable of evaluating the merits and risks of the purchase of the
Shares. Each Purchaser will be instructed not to rely on the Company with
respect to the tax and other economic considerations of an investment in the
Shares, and each Purchaser will be instructed to rely on the advice of, or to
consult with, only the Purchaser's own advisor(s). The Purchasers shall be
required to represent that he/she/it has not been organized for the purpose of
acquiring the Shares in a signed Subscription Agreement.
(c) ACKNOWLEDGEMENT OF RISK. Each Purchaser will acknowledge in
his/her/its Subscription Agreement that the purchase of the Shares involves a
high degree of risk and further acknowledge that he/she/it can bear the economic
risk of the purchase of the Shares, including the total loss of its investment.
Each Purchaser will acknowledge in his/her/its Subscription Agreement that
he/she/it has no present need for liquidity in connection with its purchase of
the Shares.
(d) NO PUBLIC SOLICITATION. Each Purchaser will acknowledge in
his/her/its Subscription Agreement that he/she/it is not subscribing for the
Shares as a result of or subsequent to any advertisement, article, notice or
other communication published in any newspaper, magazine or similar media or
broadcast over television or radio, or presented at any seminar or meeting, or
any solicitation of a subscription by a person not previously known to the
Purchaser in connection with investments in securities generally. Bellador has
not engaged and will not engage in any "Directed Selling Efforts in the U.S." as
defined in Regulation S promulgated by the SEC under U.S. securities laws.
(e) AUTHORITY. Bellador has full right and power to enter into and
perform pursuant to this Agreement. This Agreement constitutes Bellador's valid
and legally binding obligation, enforceable in accordance with its terms.
Bellador is authorized, licensed and otherwise duly qualified to give investment
advice to its clients under the laws of Labuan. Bellador agrees to comply with
the laws of any jurisdiction in which it contacts clients regarding this
opportunity.
(f) REGULATION S EXEMPTION. Bellador understands and will require each
Purchaser to acknowledge in writing that the Shares are being offered and sold
to it in reliance on an exemption from the registration requirements of United
States federal and state securities laws under Regulation S promulgated under
the Securities Act of 1933 (the "Securities Act") and that the Company is
relying upon the truth and accuracy of the representations, warranties,
agreements, acknowledgments and understandings of such Purchaser set forth in
his/her/its Subscription Agreement in order to determine the applicability of
such exemptions and the suitability of the Purchaser to acquire the Shares. In
regard to Shares sold pursuant to the Regulation S exemption, Bellador
represents, warrants and agrees that:
(i) No Purchaser will be a U.S. Person (as defined below) or an
affiliate (as defined in Rule 501(b) under the Securities Act) of the Company. A
U.S. Person means any one of the following:
(A) Any natural person residing in the United States of America;
(B) Any partnership or corporation organized or incorporated
under the laws of the United States of America;
(C) Any estate of which any executor or administrator is a U.S.
person;
(D) Any trust of which any trustee is a U.S. person;
(E) Any agency or branch of a foreign entity located in the
United States of America;
(F) Any non-discretionary account or similar account (other than
an estate or trust) held by a dealer or other fiduciary for the
benefit or account of a U.S. person;
(G) Any discretionary account or similar account (other than an
estate or trust) held by a dealer or other fiduciary organized,
incorporated or (if an individual) resident in the United States of
America; and
(H) Any partnership or corporation if:
(1) Organized or incorporated under the laws of an foreign
jurisdiction; and
(2) Formed by a U.S. person principally for the purpose of
investing in securities not registered under the Securities Act,
unless it is organized or incorporated, and owned, by accredited
investors (as defined in Rule 501(a) under the Securities Act)
who are not natural persons, estates or trusts.
(ii) At the time of the origination of contact concerning this
Agreement and the date of the execution and delivery of this Agreement, Bellador
was outside of the United States and has agreed to limit its communications
about the Shares to clients who are non-U. S. Persons.
(iii) Each Purchaser will be required to agree in writing that
he/she/it shall not, during the period commencing on the date of issuance of the
Shares and ending on the first anniversary of such date, or such shorter period
as may be permitted by Regulation S or other applicable securities law,
including any registration of the Shares, below (the "Restricted Period"),
offer, sell, pledge or otherwise transfer the shares in the United States, or to
a U.S. Person for the account or benefit of a U.S. Person, or otherwise in a
manner that is not in compliance with Regulation S.
(iv) Each Purchaser will be required to agree in writing that he/she/it
shall, after expiration of the Restricted Period, offer, sell, pledge or
otherwise transfer the Shares only pursuant to registration under the Securities
Act or an available exemption therefrom and in accordance with all applicable
state and foreign securities laws.
(v) Each Purchaser shall be required to represent in writing that
he/she/it has not in any jurisdiction engaged in, and prior to the expiration of
the Restricted Period will not engage in, any short selling of or any hedging
transaction with respect to any of the shares of Company's common stock,
including without limitation, any put, call or other option transaction, option
writing or equity swap.
(vi) Each Purchaser shall be required to represent in writing that
neither he/she/it nor any person acting on his/her/its behalf has engaged, nor
will engage, in any directed selling efforts to U.S. Persons with respect to the
Shares and the Purchaser and any person acting on its behalf has and will comply
with the "offering restrictions" requirements of Regulation S under the
Securities Act.
vii) The transactions contemplated by this Agreement have not been
pre-arranged with a buyer located in the United States or with a U.S. Person,
and are not part of a plan or scheme to evade the registration requirements of
the Securities Act.
(viii) Neither Bellador nor any person acting on its behalf has
undertaken or carried out any activity for the purpose of, or that could
reasonably be expected to have the effect of, conditioning the market in the
United States, its territories or possessions, for any of the Shares. Bellador
agrees not to cause any advertisement of the Shares to be published in any
newspaper or periodical or posted in any public place and not to issue any
circular relating to the Shares in the U.S. or its territories and only in
compliance with any local applicable securities laws.
(ix) Each certificate representing the Shares shall be endorsed with
the following legends:
(a) THESE SECURITIES ARE NOT REGISTERED WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT, IN
RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER REGULATION S
PROMULGATED UNDER THE SECURITIES ACT. TRANSFER IS PROHIBITED EXCEPT IN
ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO
REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM REGISTRATION; AND HEDGING TRANSACTIONS INVOLVING THESE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE
SECURITIES ACT.
(b) Any other legend required to be placed thereon by applicable
federal or state securities laws.
3.5 APPROVAL OF PURCHASERS' LEGAL COUNSEL FOR RESTRICTED SECURITIES OPINION
LETTERS. Company acknowledges that each Purchaser may use the services of Logan
& Geotas, PLC, of Phoenix, Arizona, as legal counsel to determine whether, after
the required holding period, each proposed sale of the shares purchased under
this Agreement pursuant to Regulation S may be sold in compliance with Rule 144
and, if so, to issue an appropriate opinion letter. The Company agrees the
opinion letter forms attached hereto as EXHIBIT B are approved as the forms to
be used by Logan & Geotas for such purposes.
3.7 ALLOCATION OF PROCEEDS FROM SALES OF THE SHARES. The Company and
Bellador agree as follows with respect to the Company's allocation of proceeds
from sales of the Shares:
(a) Marketing and sales: $720,000;
(b) General and administrative: $1,300,000,
(c) Inventory and development: $1,000,000;
(d) The Company shall set aside up to a maximum of $480,000, from
proceeds of sales of the Shares in order to fund the retention of an investor
relations firm and a public relations firm and to otherwise conduct investor
relations activity pursuant to SECTION 3.3. The Company shall provide a monthly,
written report of its investor relations and public relations efforts and
expenses to Bellador.
… IN WITNESS WHEREOF, the parties hereto have caused this Stock Placement
Agreement to be executed as of the date first above written. .
AMERICAN SOIL TECHNOLOGIES, INC.
/s/ Carl Ranno
-------------------------
By: Carl Ranno
Its: President
BELLADOR ADVISORY SERVICES (LABUAN) LTD.
/s/ James Kirby
-------------------------
By: James Kirby
Its: Director
Bellador and Biophan:
Exhibit 10.11
BioPhan Technologies Inc.
Financial Accommodations Agreement
Bellador (Labuan) Ltd Date: July 1, 2002
Gentlemen:
The undersigned as a duly authorized officer's or agent's of Bellador
(Labuan) Ltd., a company incorporated in Malaysia hereby states and agrees
on behalf of BELLADOR (LABUAN) LTD., as follows:
BELLADOR (LABUAN) LTD., understands that BioPhan Technologies Inc., a
corporation organized under the laws of the State of Nevada, U.S.A. (the
"Company"), is making available, pursuant to the exemption from
registration provided under Regulation S promulgated by the United States
Securities and Exchange Commission (the "SEC") under the Securities Act of
1933, as amended (the "1933 Act"), up to 1,000,000 restricted shares of its
$.005 par value Common Stock (the "Restricted Shares"). At the Company's
election, it may increase the number of Restricted Shares to 3,000,000.
In acknowledgement of the foregoing and upon the representations appearing
hereinafter, BELLADOR (LABUAN) LTD., hereby agrees to offer the Restricted
Shares (the "Shares") to their clients (the "Clients"), at such times and
in such numbers of the Shares as shall be determined by BELLADOR (LABUAN)
LTD., and with reference to clauses 4 (c) and 4 (d) herein, at a price per
Share equal to the reported closing trading price; (i.e. Bid Price) of the
Company's shares on the most recent day, prior to the date of the sale of
Shares, upon which the Company's shares traded on the OTC Bulletin Board.
BELLADOR (LABUAN) LTD., Each Client purchasing Shares shall deliver a
subscription agreement along with the purchase price for the Shares,
together with a transaction fee of 0.75% or a minimum of $75.00 in US
dollars to the Company. The Company agrees to issue to BELLADOR (LABUAN)
LTD., restricted common shares valued on the same basis in the equivalent
amount of 10 (ten) percent of the value of any Shares so placed by BELLADOR
(LABUAN) LTD; the Company will remit to BELLADOR (LABUAN) LTD. additional
compensation for the services provided a cash amount equal to 35% of the
amount BELLADOR (LABUAN) LTD's clients paid for the shares, plus the
relevant transaction fee less any related bank clearance fees. Funds due to
BELLADOR (LABUAN) LTD., will be remitted by the Company to BELLADOR
(LABUAN) LTD. or its nominees, on a weekly basis. Upon acceptance by the
Company, BELLADOR (LABUAN) LTD will hereby confirm its intent to
encourage Clients to become a shareholder of the Company. In order to
induce the Company to accept its offer, BELLADOR (LABUAN) LTD., advises as
follows:
1 Receipt of Information ; BELLADOR (LABUAN) LTD., acknowledges that it
has received and has carefully reviewed the Company's annual report on Form
10-K for the fiscal year ended February 28, 2002 and the report on Form 10-
Q for the quarters ended May 31, August 31 and November 30, 2001 (the
"Reports").
2 Availability of Information; BELLADOR (LABUAN) LTD., hereby
acknowledges that the Company has made available to it the opportunity to
ask questions of, and receive answers from, the Chief Executive Officer of
the Company, and any other person or entity acting on behalf of the Company
as requested by BELLADOR (LABUAN) LTD., concerning the terms and conditions
of the offering and the materials and information contained in the Reports,
and to obtain any additional information requested by BELLADOR (LABUAN)
LTD., to the extent the Company possesses such information or can acquire
it without unreasonable effort or expense, as it may deem necessary to
verify the accuracy of the information provided by the Company or any such
person or entity.
3 Representations, Warranties and Covenants; BELLADOR (LABUAN) LTD.,
represents and warrants to the Company (and understands and acknowledges
that the Company is relying on the accuracy and completeness of such
representations and warranties in connection with the availability of an
exemption for the offer and sale of the Shares from the registration
requirements of the U.S. securities laws) that:
a) BELLADOR (LABUAN) LTD., understands and agrees that the Shares
have not been registered under the 1933 Act, or the securities
laws of any other jurisdiction and will be deemed "restricted
securities" as defined in Rule 144 under 1933 Act.
b) BELLADOR (LABUAN) LTD., understands and agrees that, if this
Finance Agreement is accepted and the Shares are sold to BELLADOR
(LABUAN) LTD., Clients, such sales will be pursuant to the
exemption from the 1933 Act's registration requirement provided in
Regulation S, and that BELLADOR (LABUAN) LTD., is prohibited from
selling or otherwise disposing of the Shares except in accordance
with Regulation S which imposes, among other things, the resale
restrictions specified in Rule 144 promulgated under the 1933 Act,
or pursuant to another available exemption from registration, and
the shares will continue to be deemed restricted securities
notwithstanding that they were acquired in a transaction pursuant
to Regulation S.
c) BELLADOR (LABUAN) LTD., understands and agrees that hedging
transactions involving the Shares may not be conducted unless in
compliance with the 1933 Act.
d) BELLADOR (LABUAN) LTD., understands and agrees that the Company
may lodge stop transfer instructions with its transfer agent in
order to restrict the transfer of the Shares in accordance with
the foregoing representations, and that the certificates
representing the Shares will contain a legend restricting transfer
as prescribed by Section 903(b)(3) of Regulation S.
e) BELLADOR (LABUAN) LTD., understands and agrees that Clients are
not "U.S. Persons" as that term is defined in Regulation S and
that no offer or sale shall be made to any US resident or citizen
or Canadian resident or citizen.
f) BELLADOR (LABUAN) LTD., understands and agrees that Clients will
always reside and be located outside the U.S. at the time of both
the offer and sale of the Shares and that there will be no
directed selling efforts in the US or Canada.
g) BELLADOR (LABUAN) LTD., understands and agrees that Clients are
not purchasing the Shares as a part of any plan or scheme to evade
the registration requirements of the 1933 Act. BELLADOR (LABUAN)
LTD. and that Clients are buying for investment and not for resale
in the United States, except in accordance with Rule 144 or any
other exemption from registration.
h) BELLADOR (LABUAN) LTD., understands and agrees that Clients have
an interest only in part with respect to this Finance Agreement
Clients are not acquiring the Shares, or any part of them, for the
account or benefit of a U.S. person or US or Canadian resident or
citizen, and that No buyer at the time of the order or sale shall
be in the US and BELLADOR (LABUAN) LTD., must in good faith so
believe.
i) In the event BELLADOR (LABUAN) LTD., distributes any portion of
the Shares subscribed for hereby to any distributor, dealer or
other person receiving any selling concession, fee or other
remuneration, prior to the expiration of a one-year distribution
compliance period, BELLADOR (LABUAN) LTD., agrees that it will
send a written confirmation or other notice to such purchaser
stating that such purchaser is subject to the same restrictions on
offers and sales that apply to a distribution under Regulation S
and that the Shares acquired are subject to Rule 144 resale
restrictions.
j) BELLADOR (LABUAN) LTD., understands and agrees that it shall have
sole responsibility for determining whether securities laws
registration or other procedures of any non-United States
jurisdiction or jurisdictions will be applicable to the
transactions contemplated herein, and shall take all steps
necessary to ensure compliance with any such applicable securities
laws and regulations and BELLADOR (LABUAN) LTD., shall have sole
responsibility for making any disclosures required by any non
United States jurisdiction.
k) BELLADOR (LABUAN) LTD., agrees that it will not make any
representation to its Clients about BioPhan Technologies Inc.,
without authorization from BioPhan Technologies Inc., BELLADOR
(LABUAN) LTD., agrees that it will indemnify and hold BioPhan
Technologies Inc., harmless in the event of any breach or
violation of any securities laws in any jurisdiction and all
activities undertaken pursuant to this agreement are at the sole
risk of BELLADOR (LABUAN) LTD.
l) Neither BELLADOR (LABUAN) LTD., nor any affiliates of BELLADOR
(LABUAN) LTD., nor any person acting on its behalf, has engaged in
any (i) general solicitation or general advertising within the
meaning of Rule 502(c) under the 1933 Act or (ii) directed selling
efforts within the meaning of Rule 903 under Regulation S and
BELLADOR (LABUAN) LTD. has complied and will comply with the
offering restrictions of such Rule 903.
4 Offering Procedure; BELLADOR (LABUAN) LTD., understands agrees that
this Financial Agreement is subject to each of the following terms and
conditions:
a) The Company may reject this Financial Agreement for any reason,
and this Financial Accommodations Agreement shall become binding
upon the Company only when accepted, in writing, by the Company.
b) If the Financial Agreement is rejected, all funds submitted hereby
will be returned to BELLADOR (LABUAN) LTD., Clients without
interest thereon or deduction there from.
c) This Financial Agreement will have an initial term of three months
(the "Initial Term") but will automatically renew for successive
one month periods unless terminated pursuant to paragraph 4(e).
d) Each order shall be accompanied by a subscription agreement in
form and substance satisfactory to BioPhan Technologies Inc.,, and
its acceptance shall be at the sole discretion of BioPhan
Technologies Inc.
e) After the Initial Term, this Financial Agreement may be terminated
by either party with thirty (30) days notice to the other party.
5 Payment; As payment for the subscription made hereby, BELLADOR (LABUAN)
LTD., Clients will tender to the Company, or its escrow agent as designate
by the Company, payment in U.S. Dollars, made to the order of BioPhan
Technologies Inc., or in such other form as may be acceptable to the
Company. Payment shall not be deemed completed until the money is
transferred to BioPhan's designated bank account.
6 Rule 144 Restriction Statement; Upon acceptance by BioPhan Technologies
Inc., of a fully completed subscription agreement, BioPhan Technologies
Inc., will undertake to issue a "Statement" "In Letter Format attached to
the Share Certificate" that will advise BELLADOR (LABUAN) LTD., Clients
that the shares purchased will become freely tradable after the elapse of
the fifteen month hold restriction period in compliance with Rule 144.
7 Share Certificates; BioPhan Technologies Inc., will provide share
certificates issued through a registered Stock Transfer Agent to BELLADOR
(LABUAN) LTD., Clients and to BELLADOR (LABUAN) LTD., within two weeks of
funds being received by the Company.
Very truly yours,
BioPhan Technologies Inc.
/s/Michael L. Weiner
___________________________
Michael L. Weiner
President and CEO
Accepted and Agreed to:
Bellador (Labuan) Ltd.
/s/Peter Taylor /s/James Kirby
___________________________ ___________________________
Peter Taylor James Kirby
Director Director
Bellador and China Wireless
REGULATION S STOCK PURCHASE AGREEMENT, dated as of October 22, 2003 between
CHINA WIRELESS COMMUNICATIONS, INC., a Nevada corporation having offices at 1746
Cole Boulevard, Suite 225, Golden, CO 80401-3210 (the "Company"), and Bellador
Advisory Services (Labuan) Ltd. a Malaysian international business company
licensed as a fund manager in Labuan, the registered address of which is 6th
Floor, West Block, Wisma Selangor Dredging, Jalan Ampang, 50450 Kuala Lumpor,
Malaysia the investment advisor of its clients (sometimes referred to as
"Purchasers' Advisor") who shall be purchasers of the securities.
ARTICLE I.
PURCHASE, SALE AND TERMS OF SHARES
1.1. THE SHARES. The Company agrees to issue and sell to the
clients of Purchasers' Advisor in an offshore transaction negotiated outside the
U.S. and to be consummated and closed outside the U.S. and, in consideration of
and in express reliance upon the representations, warranties, covenants, terms
and conditions of this Agreement, the Purchasers' Advisor agrees to recommend
that its clients evaluate the opportunity to purchase from the Company shares
(the "Shares") of the Company's Common Stock. The Company shall be paid 50% of
the bid price of the Company's shares of Common Stock as quoted on the OTC
Bulletin Board (the "OTCBB") (or on such other United States stock exchange or
public trading market on which the shares of the Company trade if, at the time
of purchase, they are not trading on the OTCBB) immediately preceding the date
(the "Call Date") the purchase order (the "Purchase Notice") is received by the
Company (the "Purchase Price"). Subject to the rights of each party to terminate
this agreement as provided in Section 1.5 below, Purchasers' Advisor agrees to
make a good faith effort to provide $3,500,000 of net funding to Company on or
before the end of July 2004 according to the following schedule: Purchaser shall
make a good faith effort to provide (1) $250,000 of net proceeds to Company by
the end of November 2003; (2) $400,000 of net proceeds to Company by December
31, 2004 and (3) $350,000 or more of net proceeds every 30 days to Company
beginning January 15, 2004, until the funds that Purchasers' Advisor has agreed
to raise have been delivered to Company. |
This work is in the public domain |
Comments
|
The Root of the Problem |
by FYI
(No verified email address) |
Current rating: 0
21 Dec 2005
|
Who said capitalism is supposed to be fair?
Expecting anything other than corruption out of the CIA is pretty delusional to begin with.
The government is the creature of monopoly capital. Nothing here is very shocking or unexpected in light of that, so why waste your time wringing your hands over it It doesn't matter who does what, when the system itself is inherently corrupt?
Maybe if you had more realistic expectations, you would realize you should put a lot less effort into reforming the system and lot more into overthrowing it. |
|
PLEASE JOIN ME IN MANTAS INC GOOGLE WATCH |
by Tony Ryals
endoscam (nospam) lycos.com (verified) |
Current rating: 0
22 Dec 2005
|
PLEASE JOIN ME IN MANTAS INC GOOGLE WATCH
I have posted an article with the title below on most all U.S. INDYMEDIAS in the last couple of days.Only a half hour ago a google of that title brought up about 8 pages.Now even if I add 'indymedia' to the word search I get 0 hits. I can hardly believe it myself and they may return to google search.
However it must be remembered SRA International, the parent company of Mantas Inc., is a CIA and
In-Q-Tel 'INVESTMENT'.Our freedom to speak out should not be at their convenience.If you search on this indymedia under my last name 'ryals' you should encounter the article with the title below.
I just want you all to know.It is Mantas and or SRA International that is covering up my complaint about their cover up of money laundering through penny shares on Google somehow..Please do occasional google word search of title below to see if the article returns to google search.:
' Mantas Inc,Herndon, Va, Pro-Money Laundering Arm of international bankers, brokers,market makers indymedia'
http://austin.indymedia.org/newswire/display/22533/index.php
I have posted an article with the title below on most all U.S. INDYMEDIAS in the last couple of days.Only a half hour ago a google of that title brought up about 8 pages.Now even if I add 'indymedia' to the word search I get 0 hits. I can hardly believe it myself and they may return to google search.
However it must be remembered SRA International, the parent company of Mantas Inc., is a CIA and
In-Q-Tel 'INVESTMENT'.Our freedom to speak out should not be at their convenience.If you search on this indymedia under my last name 'ryals' you should encounter the article with the title below.
I just want you all to know.It is Mantas and or SRA International that is covering up my complaint about their cover up of money laundering through penny shares on Google somehow..Please do occasional google word search of title below to see if the article returns to google search.:
' Mantas Inc,Herndon, Va, Pro-Money Laundering Arm of international bankers, brokers,market makers indymedia'
http://austin.indymedia.org/newswire/display/22533/index.php |
|
John Edwards:Utah's Senile Senator Bennett and his favorite penny stock fraud constituent |
by Tony Ryals
endoscam (nospam) lycos.com (verified) |
Current rating: 0
26 Dec 2005
|
Utah's Senile Senator Bob Bennett and his favorite penny stock fraud constituent,again..
While some might claim I am being cynical in refering to Utah Senator Bob Bennett as senile, I maintain I am being optimistic.If he does not know by now that his favorite constituent and the anonymous 'Bob O'Brien' have made a complete fool of him to promote penny stock scams and illegal pump and dump activities and perhaps money laundering activities he may as well be senile as the results are the same.Today's article and post is in response to his favorite constituent , Patrick Byrne's, post on The Motely Fool message board yesterday December 24,2005 that I quoted from above.
I include that post or posts here in its entirety to educate or wake up the voters of Utah and make them aware of what appears to me as a victim of it,of a massive penny stock fraud fraudulently blamed on and covered up wth the fraudulent claim of 'naked shorting'.As it turns out and as I have discovered it
appears to be a far right wing Beltway fraud,certainly
begun by the far right wing James Dale Davidson of 'Clinton killed Vince Foster' fame and founder of both the National Taxpayers Union and the Baltimore
Agora Inc.with its international and internet tentacles that may even have touted stocks for the CIA's In-Q-Tel.
In an honest or non-corrupt country this would have never have happened and although due to Securities Exchange Commission's laxness or corruption the fraudulent 'naked short' claim has aided international
crime using U.S.penny stocks for illegal 'pump and dump' activities and probably money laundering that defrauds Americans in the end when those penny stock shares are in the end dumped back in the U.S.market on naive investors,(such as myself),NO OTHER COUNTRY'S SECURITIES EXCHANGE COMMISSION,TO MY KNOWLEDGE HAS ALLOWED A FRAUDULENT NAKED SHORTING CLAIM TO BE MADE TO DEFRAUD THEIR CITIZENS - ONLY IN AMERICA !!
Yes even the Bellador Group of Kuala Lumpur and its Arizona attorney Ron Logan has fraudulently claimed the penny stock Endovasc that they have promoted and dumped possibly even in Dubai was really 'naked shorted' to cover their tracks.But they made the claim to defraud Americans on the U.S.market , not in Dubai and not in Kuala Lumpur, where those exchanges would not tolerate such fraud against their own people.Only the U.S. Securities Exchange Commission would so cynically allow such fraud on their own people and markets !!
Shortly after the appearance of a $100,000 + ad - letter was placed in the Washington Post on February 8 by a group called ' NCANS ' or ' National Coalition Against Naked Short Selling' addressed to W.Bush, et.al. warning of the dangers of 'naked shorting' to SS investments in markets,Senator Bob Bennett of Utah told outgoing SEC Chairman William Donaldson that he must begin a campaign against 'naked short selling' and that a scammy penny stock called Global Links was a victim of 'naked shorting'.At the hearing Senator Bob Bennett waved a copy of a known scam penny stock promoting internet publication called 'FinancialWire' ,(which has been promoting the fraudulent claim along with David Patch and his http://www.investigatethesec.com to cover up illegal penny stock pump and dump scams for several years), to back up his absurd claim.Before that James Dale Davidson of Agora Inc. along Canadian securities fraudsters ran NAANSS or 'National Association Against Naked Short Selling' out of a Blaine, Washington office where their pump and dump Genemax penny stock fraud operation was located.
Global Links scammy management ,already known even in the penny stock underworld for their sleezy 'pump and dump' ways and worthless shares
and company, then used Senator Bennett's false claim as a promotion to dump even more shares on suckers or defrauded investors gullible enough to believe Utah's Senator Bob Bennett.
I think it was no coincidence that Senator Bennett did not refer to that letter in the Washington Post ,paid in great part by his favorite constituent,' I'm not gay and don't do coke' ,Wakkky Patty Byrne,because if it were
given additional attention it would not only be brought to public awareness that 'ncans.net' was not even in the U.S. at the time the 'Washington Post ' ad-letter was printed,but instead used an address in the British Virgen Islands,famous not only for scam penny stock operations but also for money laundering !!
And the same anonymous 'Bob O'Brien' had previously given the Cheetah Club of Las Vegas,(the only lap dance club to ever be investigated under the Patriot Act and whose San Diego branch was convicted of bribing San Diego city council members), as an address in the past for his nfi-info.net website that was and is used for illegally pumping or promoting shares of NFI or Nova Star Financial and fraudulently claiming it too is a victim of 'naked short selling' !!
And it would seem that if Patrick Byrne's anonymous partner using the pseudonym 'Bob O'Brien' was not also well connected in the Beltway ,and guiding the scammy and gullible billionaire's son behind the scenes, that it is likely an FBI or CIA,or DOJ etc., investigation would have occured as quickly the anonymous post 911 letter-ad to Bush,et.al. appeared in the Washington Post from some shady group using the British VIRGEN ISLANDS TO SEND A MESSAGE TO THE PRESIDENT.
Equally strange ,with all the excitement and controversy that ensued after the letter appeared ,was why the 'Washington Post' itself took the $100,000 + for the ad-letter and never even seemed to notice or care about the controversy it generated,(even after the subtle and not so subtle death threats were made by the 'ncans mafia' on Yahoo! and their own journalistic responsibility to investigate who the anonymous ' Bob O'Brien' was who,along with the billionaire's son Patrick Byrne, placed the ad-letter in their paper in the first place !!
So below is Patrick Byrne in his own words,the largest funder of http://www.ncans.net to my knowledge,(although he at first lyed about funding coming from 'mom and pop' investors),and the anonymous penny stock tout 'Bob O'Brien'.Below that are additional links to my writing on various indymedias about this ongoing fraud and penny stock terrorism that the SECso far chooses to do nothing about and Georgetown University, where a number of SEC officials teach in their abundant spare time,seems to encourage.
Tony Ryals
.......................................................................................
Overstock.com's CEO Patrick Byrne from The Motely Fool message board December 24,2005 :
Patrick's open letter to the SEC
----
Sirs and Madams,
I am sorry I called the SEC a "lapdog" on Bloomberg yesterday. That was unkind of me.
If you check your files, you will see that whoever was the regulator who approved our S-1 (it was a woman) received a dozen roses from me after our successful Dutch auction IPO. That is because I sat around in a closing dinner with a bunch of high-priced lawyers and bankers, and realized that the real hero was some anonymous lawyer toiling away for about 1/5 of what the lowest paid guy in the room was making. I wanted to thank her, and do something to disrupt the normal antagonism that exists between business and the SEC, to show you folks that here is one businessman who understands the value you bring to society, and deeply appreciates it.
You know, most businesspeople dread the SEC. For them, getting a letter from the SEC is like getting one from the IRS: you know no good will come of it. My attitude, however, is completely different. As I have said in various interviewers, I was raised on the idea that there are three sacred things: the Church, the Constitution, and shareholders. You guys are like priests to me, or professors: your role in society is sacred. And from all I hear, the new guy at the top, Cox, is a good man (I have that on the authority of people whom I trust: however, they are all fellow libertarians, and I feel this may not be the time for a libertarian regulator). And from what I can figure out from the outside the folks in the trenches come in to work and want to do their jobs.
But something has happened in the middle and upper reaches in DC. No one on the outside understands it, but we do see it the SEC as captured. And neither you nor I want that.
I have three ways of calculating the failures to deliver in our stock(the following numbers are beyond the 7+ million legitimate shorts reported in OSTK).
1) The first and most obvious way to me tells me that we have 10 to 15 million counterfeit shares in our stock trading.
2) The second way to calculate it tells me there are 30 to 35 million counterfeit shares.
3) The third and not very credible source of information I have on the subject tells me there are 3.8 million counterfeit shares.
I have duties to shareholders. Do I have a duty to people who think they are shareholders but who have only counterfeit shares? Is it even the case that some people are real shareholders and some people are not? (Well, I suppose the people who hold paper are real shareholders, right? But is it the case of those who don't, that some are real and some are putative? Or is it the case that all of these non-cert-holding shareholders are equally part-legit and part-putative shareholders?)
It is kind of hard to be a CEO trying to do the right thing, but facing questions like that.
Now I know you folks have said, "This naked shorting thing isn't a problem." But you also say on your website FAQ's
(http://sec.gov/spotlight/keyregshoissues.htm ) that you had to grandfather all the failures to deliver that existed on January 3, 2005 because: "The grandfathering provisions of Regulation SHO were adopted because the Commission was concerned about creating volatility where there were large pre-existing open positions."
As far as what that means for Overstock, I think it means, "If we the SEC had not grandfathered the fails, then OSTK might have gone up."
Well, OK, I'll drop the grandfathering thing. Just tell us how many fails-to-deliver there are, then. To that your website says, "The fails statistics of individual firms and customers is proprietary information and may reflect firms' trading strategies. The release of this information could be used to engage in unlawful upward manipulation of the price of the securities in order to 'squeeze' the firms improperly."
Do you realize that you are saying of the people who are breaking the law, that if you simply told the world how much the law had been broken you would be revealing the strategies of.... the people who are breaking the law? And that letting the world know the truth might result in those people who had been breaking the law... losing money?
Do you understand the consequences of this for our economy? Take Overstock. Let me assume that OSTK is at least as bad as the median of your cases that made you say, "... the Commission was concerned about creating volatility where there were large pre-existing open positions." Since we have been on the Reg SHO Threshold list for 11 months, I think that is a safe bet.
Suppose you made the people who had failed-to-deliver, well, deliver. If I am right and there are 10 million FTD's, or even 4 million, then it is likely that in the process of covering our stock might experience some of the "volatility" to which you refer. Let us say that means.... it goes up. Let us say it went up to, for example, $75 (about where it was, I think, when the clock started ticking on the Reg SHO Threshold list). Then it is likely that the company might sell a million shares, put the money in the bank, and continue in our quest to catch Amazon North America in a couple-few years. To do that, we'd start by doubling the size of our warehouses, hire another 1,000 - 2,000 people in Utah and Indiana, buy more inventory, employ more people making the inventory, employ (at a distance) more UPS truck drivers to deliver it, and so on and so forth. Sounds good, right? Good for America? Multiply that somewhere between a few dozen and a couple of hundred times to imagine the effect forcing all firms' FTD's to settle might have on America (and many of the other companies would use the capital to fund research for drugs, or write software, or something more useful to the world even than selling toasters).
And no response from you guys.
I am doing it because I think this is having an extraordinarily pernicious effect on American entrepreneurship. I have been willing to subject myself to a ridiculous amount of public ridicule ("He's just mad his stock went down!" "Stick to your business Byrne!") in order to fight this issue.
Other than the fact that in recent weeks the SEC is taking steps to smear the name of my Utah lawyer and friend who gave you 14 years of service, I have no evidence that anyone at the SEC notices that I have been somewhat public on this issue.
The world says I am crazy. OK, SEC, most respectfully, tell them how crazy I am. Tell them how crazy I am by telling them how many FTD's there are in OSTK, every day back to the time this began sometime in 2003. My hunch is you won't do it. Because you fear "volatility."
So who is crazy?
Most respectfully, when you did folks start thinking you were in the business of deciding the price for which stock should sell? Refereeing the bulls and bears, but deciding it is OK for bears to print millions of counterfeit shares?
If you have noticed my public crusade, you may wonder, like many others, just how crazy I am, for it is widely thought that the SEC is a thin-skinned and vindictive organization, and publicly attacking the SEC is generally thought to be business suicide. Let me explain it this way: I have a good friend, Gary Kennedy (one of the original board members of OSTK), who just fought a five year fight $30 million fight with the SEC rather than sign a piece of paper that would have implied to the world he was guilty. Gary told me at the start that on principle he would never, ever concede by signing that paper, because he knew he was not guilty. A couple weeks ago, the SEC dropped the whole case and walked away. Gary spent $30 million and five years standing his ground. Some think that crazy. So let me put it this way: I'm so fanatic, Gary Kennedy thinks I'm crazy.
So let's settle the trades, or just tell the world how big the FTD's are, and we'll find out who was crazy.
I know there are smart people there who have probably guessed my strategy. I have been criticizing you and, admittedly, flouting some CEO-conventions (though not, I believe, any laws) hoping you would respond as is your custom. And then we could end up in court, and I would be able to get to the truth through discovery. I seem unable to get you to respond and, alas, I am not willing actually to break the law in order to get you to come after me.
However, the guys I am fighting are now bragging around Wall Street that they are prodding you into an investigation of Overstock. That is, of course, their modus operandus, (I wonder, do you know how short sellers often brag about having the SEC under their thumb, and their ability to spur you guys to do investigations of companies when they need it?) Incidentally, they also are bragging around Wall Street that they are going to get the DOJ to come after me. That was the source off my comment on Bloomberg about someone finding heroin or a body in my trunk (Mark Cuban now flatters himself, I hear, by pretending that I implied he is somehow involved: Cuban is a wannabee hedgie, and the hedgies he wannabees with are krill many steps removed from the mobsters who are, I think, the deepest stratum of this game). I said that simply so that if someone does find a body or a bag of heroin in my car, or some variant thereon, I will have been on record that it was going to happen.
Anyway, as you will see in my next post, I am tossing in the towel on this message board thing. It is not going where I hoped it might. But anytime you folks want to talk to me, or have suspicions about anything I have done, feel free to call collect. I am an open book, and would be most happy to let you examine anything you wish.
Please feel free to bring OSTK fails information when you come, too. Let's show the world who's crazy.
Until then, I do remain,
Most respectfully, and appreciative of the work you do,
Patrick M. Byrne
CEO, Overstock.com
Patrick's last message on TMF
----
"There is iron in your words of war. And there is iron in your words of peace. It shall be.... peace."
- The only bad, corny line in The Outlaw Josey Wales
(Do you Fools know this movie? Clint Eastwood made it before his talent was recognized. Orson Wells said of this movie something like, "If it had not been made by Clint Eastwood, it would have been recognized as the greatest movie in American history.)
Dear Fools ET, Retieff, UR, and all the rest of Fooldom,,
Many are asking me why I have taken the time to get in these debates on this board with some Fools who have an obvious agenda (and guys like Jeff) who want only to ensnare me in meaningless arguments. To them I say: you all have a point. In fact, I have been thinking for a month or two about hanging up my Fool credentials. Not in any protest, but just because I sense this experiment is a failure. At least, it has run its course. I'll get to that in a moment.
First, I have wondered for a long time whether I should debate these guys or just ignore them. The problem with debating them is that it becomes like that old saw about not wrestling in the mud with a pig: "You get muddy and the pig enjoys it" (note I am not alluding to O'Brien's twist on it, which was something like "Byrne should wrestle in the mud with Carol Remond and a pig: first he'll beat the vicious filthy swine... and next he'll beat the pig!")
The problem with ignoring them is that they can convince the gullible that this is a sign of the rightness of their cause.
I thought I was threading the needle by letting them go on just long enough, before occasionally answering them. Evidently I have failed, and these conversations have turned away from what I had originally intended, which was a collective colloquium where different folks would take the lead on different subjects, and matters of business could be discussed and developed. Instead, while some have been informative for me and I have even garnered some good ideas to take back to the executive council, often these threads have degenerated into bear-baiting and, alas, bear-bait-taking.
I have learned that there is generally no graceful way for the bear to respond when the hounds come. Either he fights (which observers think violent) or he gets shredded.
I do not say that to be disrespectful to those with whom I have debated. I believe that most of them have been reasonable, well-intentioned folks, and I hardly think I am beyond criticism (Lord knows). It feels like the debate on global warming: one side keeps saying, "Where's the proof?" to the point that the other side is convinced that their's is simply an agenda to muddle things (leaving the first side convinced the others are wooly-minded). Having been on both sides of that particular debate over the last 15 years or so, I recognize the sentiments.
There is also, of course, the Reg FD issue which arises every time a discussion gets meaningful here. I have in fact received complaints from people who do not want to buy Fool memberships but feel aggrieved that they have to wait for folks to repost my stuff on Yahoo.
Beyond all that, there was one other good reason for me to post here. I know people say all kinds of things about me, some dumb and some not so dumb, and I wanted to respond. I did not want to go to Yahoo to do it (that really is getting down into the muck), and certainly not Jeff's blog (which would be less like wrestling a pig in a mudpatch than it would be wrestling a turd in its own cesspool). So it has been nice to have a place to respond, knowing my posts would get replicated elsewhere.
That said, I take your points, Fools. If the argument is, "You should be running your business and not wrestling with these guys!" the same logic says I should not be here at all.
You know, it is not as though when I set out on this jihad I did not know what was going to happen. I knew that I was in for a tremendous amount of vilification. Fully expected. I could pretend that I agonized about it, but I really didn't. I have never really cared too much what people think of me.
That said, I know it would be easier to lay off, if only because it would shut up a lot of folks. It would make my life a lot easier with some around me, as well. Believe me, the last thing I need is more people telling me to lay off. I even consider it once in a while. In fact, some days I would love to!
Here is the problem:
* I am working with a former director of North American Securities Administrators Association (every state has a mini-SEC with its own boss: this is their association). He tells me he has watched small companies be destroyed for 20 years by this system I am fighting.
* I know a former SEC guy who says that he quit because he could no longer take watching hedge funds destroy small companies while the SEC stood by (he confirms the SEC institutional mind-set is heavily slanted in favor of the hedgies).
* One of my lawyer-friends is now gets a string of calls from small companies saying, "We are being destroyed by exactly the same thing Byrne is talking about. We see the same patterns. We are almost out of capital. What can we do? Can you help us?" He has to tell them there is nothing he can do. Maybe nothing they can do. He says it is like watching someone drown every day of the week.
* I get similar "Help us Obi-won Kenobi, you are our only hope!" messages all the time. Recently I spoke to a group of companies who are near-IPO stage. Folks came up and told me afterwards that their own lawyers, in places like San Diego, Houston, Chicago etc., are advising them against going public because of the risk of coming under a naked short attack and losing control of their destiny. (If this problem is now widely understood to the point that lawyers in the hinterland are advising their clients about it, how come Washington is standing by? How come New York financial journalists are all standing around pretending this is some crazy theory of Whacky Patrick?)
* I have friends, as folks here know, far, far up the Wall Street food chain (I am not referring to that Midwestern fellow I know, who is out of bounds in all discussions). I sent a message to one recently, saying in effect, "Hey, I'm sorry if I am embarrassing you with this fight. I did not mean it to get like this." The word I got back was, "Don't apologize. I have been watching these a******s do this for thirty years. It is about time someone stood up to them. I should have known it would be you, Byrne."
Does that give you guys a better sense of why I am standing my ground? Maybe I am crzy, but my worldview is that there are a lot of companies being destroyed by a trick of Wall Street. I didn't ride into town spoiling for a fight and in fact I know this fight is not my own. I'd love nothing more than to ride on. But there are a lot of folks counting on someone to do something. But the constable has been sitting on his ass and the most that comes out of him (when he pays attention at all) are some apologetics for the ruffians. So, I will get out of town as soon as I get a chance, as was my plan, but not until I see the sheriff show up, or some marshalls, or something.
Incidentally, since the new mantra of the shorts has become, "Byrne should resign" (what does it say that the shorts want me to resign? Are they getting desparate for ways out of this cul-de-sac?), and now that what I am about to tell you is not going to happen (and hence, is not material), I will mention something. Since July my hope has been to resign and take a different job at the end of January. It is a job I would far prefer, actually. It is one of the reasons I raised the stakes in August when I did: I did not want to leave the company with these leeches on it, so I figured I'd burn them off before I went. I thought we'd be through by now. Alas, I did not correctly calculate the lethargy of the SEC. Since this is still a pitched battle, and because we had some operational issues that blew up on me these last five months that will take some time to resolve, I am afraid I am afraid you guys are stuck with me. Sorry, miscreants.
I will close with some parting stories and points that some might find useful in evaluating whether I have taken the right approach.
First, I will mention that I ahve felt that I faced a bit of a double standard here. You know, obviously (or I hope it is obvious) I don't think that the title "CEO" makes me a bigshot. In fact, I avoid using that title because it sounds too big-shot to me (I only use it in legal documents when I must, or in places like, well, the open letter to the SEC I just posted). But when I try to engage detractors, and use what seems to me only a mild level of jocularity and humor, even at a lighter level than they themselves employ, they react as though I am being a big-shot-CEO-bully. They direct it at me, but when even a mild version of it is returned, they cry foul.
It reminds me of how when I was a kid, and became a wrestler. I moved around schools a lot (11th grade was the first time I repeated a school since 4th grade). I'd go into new schools, and the local toughs would bully me, as kids do. I'd ignore it for as long as I could, until long past the time when even my new friends were saying I was a wimp. And then one day when I had had had enough I would start whipping people (by the way, fathers, get your kids to wrestle: wrestlers can take anybody). And what happened more often than not is that the same people who had been telling me I was a wimp started complaining that I was too aggressive.
Hmans are wired with a circuit I am missing. It is the one that says, when a predator threatens you, raise your hackles and hiss until they go away. I lack that. I prefer Kung Fu'sKwai Chang Kane approach: be pacifist, pacifist, pacifist, until the blackguards are way way way over the line, and then go thermonuclear on them.
Two of the most important books in my life were from Ken Kesey: One Flew Over the Cuckoo's Nest and his real masterpiece, Sometimes a Great Notion. Both concern men fighting social pressure, the first, pressure from authority, the second, pressure from those around him. I do not know if the theme of a man refusing to knuckle under made such a deep impression on me, or if I was already wired a bit oddly and so it just resonated more strongly with me than other things I read. But I really took it to heart, and they reinforced my typical adolescent desire to eschew conformity.
Most adolescents express this by all getting the same rebellious haircut, but mine took a different turn. By the time I got to college, I promised myself I would never step into a church, a party, or a fraternity while I was at college: the principle was that I wanted to avoid any room where all people were thinking the same thing. It is not as though I disliked people: in fact, I learned the names of a few of the guys on the football team, and they were fine guys. But I never had a beer with anyone, never stepped into a fraternity, nor a church, never had tea with anyone, nor went to a party (with the exception of one sorority party I went to, because the girl who asked me seemed shy). It would surprise me if more than 5 people from my class at Dartmouth even knew who I was. No slight on anyone there (nor on church-going, about which I changed my stance after college): it was just a phase in my life where I got comfortable with how I was wired.
Six years ago, while the dot-com boom was still on, I starting meeting reporters. Sometimes they would bring to lunch financials of Internet companies they wished to discuss. I would show them how to calculate a quick ratio and a current ratio, and show them how to predict when a firm would run out of cash. There in the winter of 2000, their reaction was, "Come on, if it were that easy, why can't everyone see it!" I would tell them, "Look, I promise this is all going to end in tears. These firms will be broke in 2-4 quarters." I do not remember any of them believing me at first. I learned then how comformist reporters are by temperament. Not bad people, but they just don't think for themselves. There is too much fear of being wrong about something.
So OK, the same folks think I am a loon now. A bunch of Ivy-League-frat-boy-turned-Wharton-MBA-turned-Wall-Street-a******* now say I am an idiot or a bad guy, and a bunch of financial reporters believe them. Am I supposed to care? When I was 18 I had the intestinal fortitude to dismiss what that crowd thought.
All that said, I agree that this little hobby of mine is not serving anyone in its present incarnation. I have other plans.
I really, really wish to thank all who have engaged with me here. Even opponents, to the extent they have been sincere ones. I got a chance to check my thinking against reality, to hear what others thought. I even picked up a few new ideas for the business.
In return, I have tried to engage you as I would with the money managers I meet on the road. You know, Reg FD has done something, but still it is the case that the big shots have an advantage over you retail investors. One-on-one meetings, and even investor conferences, are conducted with a tone of, "Now that the public cannot hear, what can you tell us about this and that?" Wildly inappropriate questions are asked when they have to know my answering would violate Reg FD. The sense I get is that it is the custom for CEO's to respond in those settings, and people treat me as a bit unsporting not to do so. In this board, which I have treated as "the public" (though admittedly it is not quite that), I have tried to reverse things, and be open and forthcoming with you folks, and then expect it all to be reposted later on Yahoo so, for once, the professional money managers would find out about thigns after you, the public (I did it on weekends and after hours, however, so as to eliminate any trading advantage). I am not sure I have succeeded, or if I strayed to close to the line even by considering this "the public," or if I went astray by following too many people into too many rabbit-holes. And to the extent that this has turned from a discussion of business into less-than-civil mono-issue shooting gallery, I regret the role my own participation played in the change. But I still do hope I gave a good flavor of the decisions I struggle with in my professional life.
Well, for whatever the reasons, my sense of things is that it is time to resign my Fool credentials. You can always write me at patrick (at) overstock.com.
Good trades to all Fools,
Patrick
PS There has been one additional modest reason I have been coming on these boards. I feel that the Fool has been as good an antidote to the conformist and duplicitous thinking of the Wall Street elite as this society is likely to see. I hoped that by coming here I could, in my own meager way, serve as a kind of draw to the Fool. I do hope I have sold some ice cream here for Mann and the Brothers G.
PPS Here is another tidbit on that movie: Forrest Carter, the Native American who wrote the book, which was named Gone to Texas, also wrote a book called, The Education of Little Tree. It is an autobiographical work that concerns the world as viewed through the eyes of a young Cherokee. Apparently the PC crowd is big on it, and it is used in schools a lot.
It turns out, however, that Carter's real name was not "Forrest" but "Asa", he was not Cherokee but White, and in fact, was an abject racist. He was a member of the Ku Klux Klan of the Confederacy. He wrote speeches for George Wallace at the height of his reactionary "segregation now, segregation tomorrow, and segregation
forever!" period (in fact, those famous words may have been written by Carter for all I know). I recall reading somewhere that Carter abandoned Wallace when he "went soft" (which is, incidentally, quite an amazing story, and in my view illustrates the way African-American culture retains a capacity for redemption and forgiveness that has been lost in White culture), and then went on to write Gone to Texas (which, while a great work, displays his pro-Confederate sympathies,)and The Education of Little Tree, which is seeped in racist condescension.
Somehow, the crowd missed that
.......................................................................................
Copy of letter that appeared in Wahington Post to W.Bush et.al. February 8,2005 :
http://news.com.com/5208-1024-0.html?forumID=1&threadID=8049&messageID=71882&start=-1
Senator Bennett :Is Patrick Byrne's NCANS a Fraud ?
http://utah.indymedia.org/news/2005/10/11883_comment.php
Senator Bennett,penny stock scam,Cheetah Club
http://sandiego.indymedia.org/en/2005/07/110190.shtml
Utah Senator Bennett's favorite constituent, Patrick Byrne buys Yahoo for cyberfraud
http://okimc.org/newswire.php?story_id=1303
Yahoo protects stock mafia's death threats
http://www.phillyimc.org/es/2005/10/16848.shtml
Is Lycos RagingBull, Waltham,Ma. profiting from penny stock scams,money laundering ?
http://chapelhill.indymedia.org/news/2005/11/17075.php
The Byrnes,John Edwards,Attorney O'Quinn,Swift Boat Vets,Money Laundering
http://chapelhill.indymedia.org/news/2005/10/16530.php
Did Utah SEC's Brent Baker cover up for National Taxpayers Union Founder ?
http://www.utah.indymedia.org/news/2005/10/11937.php
Arizona attorney Ron Logan,Endovasc,and Bellador Group boiler room of Dubai
http://arizona.indymedia.org/news/2005/11/32913.php
Houston attorneys John O'Quinn,Wes Christian aid massive penny stock fraud
http://okimc.org/newswire.php?story_id=1289
James J. Angel,Georgetown University,lap dancers and cyber fraud mafia
http://tampabay.indymedia.org/bin/site/templates/default.asp?area_2=imc/open%20newswire/2005/Nov/17639.173828125.dat
Charles Schwab and Share-Money Laundering
http://sfbay.indymedia.org/news/2005/06/1747107.php
Charles Schwab,SRA International,Mantas Inc.,CIA and Bellador Group
http://www.stlimc.org/newswire/display/1026/index.php
Mantas Inc,Herndon, Va, Pro-Money Laundering Arm of International Bankers,Brokers...
http://chapelhill.indymedia.org/news/2005/12/17571.php
Endovasc,Texas,Charles Schwab,SRA International,Mantas Inc.,CIA and Bellador Group
http://www.ntimc.org/newswire.php?story_id=3507
Agora Inc.,Stanford University, C.Heeschen, J.Cooke, penny stock money laundering
http://austin.indymedia.org/newswire/display/22518/index.php |
|
Charles Schwab:Does NSA Serve SRA International's 'Cookies' ? |
by Tony Ryals
endoscam (nospam) lycos.com (verified) |
Current rating: 0
29 Dec 2005
|
Charles Schwab:Does NSA Serve SRA International's 'Cookies' ?
For those who have been following: I have posted two articles-stories-complaints on the indymedias recently about my experiences with the supposed anti-money laundering corporation, or 'AML' ,Mantas Inc., recently, whose links you will find at the bottom of this post.They, like their founders SRA International, are conveniently located in the Beltway to be near their clients at Big Brother Inc., no doubt. Immediately below is a promotion from the SRA International website itself bragging about 'picking' the probably criminal and certainly corrupt brain of an NSA 'bigwig'. SRA International and Mantas Inc.brag about detecting the 'bad guys' through use of 'behavior' software.
And yet who is watching their behaviors ? Rumor is that Barry Landrew, CEO of SRA International that has obtained monopolistic contracts with various government agencies,(including our fraud watchers at the GAO!!),probably due to the fact of the CIA's In-Q-Tel investments in SRA International,is himself addicted to gambling like that Republican pillar of 'virtues', Bill Bennett.(Do google search ,'sra international Barry Landew gambling')
What I suggest and hope is that as many people as possible contact their congress people and demand an investigation not only of NSA's spying on the public but of their software people SRA International and also into their 'spinoff', Mantas Inc,.who,as I have explained previously in various indymedia articles,allowed the illegal 'pump and dump' .of Texas' fraudulent biotech company, Endovasc, to be orchestrated and covered up through a Charles Schwab account.(see link Charles Schwab Share-Money laundering below.)
Also demand that that the SEC or Securities Exchange Commission investigate SRA International's and Mantas Inc.'s possible connection to or involvement with Bellador Group, http://www.belladorgroup.com , of Kuala Lumpur and Dubai, and why it recommended both Endovasc and SRA International stock shares to its suspect clients.
The fact that Bellador Inc. has been allowed to pump and dump SRI International shares and many UNAUDITED AND UNREGISTERED U.S. penny stock shares,both onshore,and offshore in terrorist suspect money laundering regions,is proof certain CIA , Mantas Inc. and SRI International employees and mangement are aiding and abetting the terrorists they warn us about.
The fact that shares of SRA International are dumped even more easily on the international market because Bellador and SRA Inernational management and CIA can claim they have guaranteed income from our on government is scandalous beyond all belief.SRA International shares may have been used for money laundering in terrorist suspect money laundering centers as well.So we can only conclude that the GAO who has given tens of millions of dollars to these people not only has rewarded them for spying on us but has inadvertently been used as a prop in the promotion of shares that Mr.Landrew,the CIA's In-Q-Tel and Bellador Group Inc. of Kuala lumper have used to con others to buy shares as they dump and pocket the cash !!!
The rumor that SRA International's Barry Landrew may be addicted to gambling and have accumulated debts to pressure him to manipulate and dump his own shares for cash cannot be dismissed lightly.He could even be tempted to allow SRA International's spying apparatus to be used by the criminal 'private' sector if this is true.
Note that while even Hong Kong and Kuala Lumpur
securities commissions have warned their citizens about Bellador Group's fraudulent boiler room activities our Securities Exchange Commission continues to do nothing.In fact the U.S. Securities Exchange Commission does much worse than nothing,they provide the unaudited penny stock shares that are the backbone of Bellador Group's illegal boiler room activities that defraud American and other stock investrors and are laundering money for someone(s).Maybe some SEC employees should resign or be investigated as well.(Do a google search of 'bellador group'.)
http://www.bizjournals.com/washington/stories/2002/10/07/daily36.html
SRA picks brain of ex-NSA bigwig
Jeff Clabaugh
Staff Reporter
Fairfax-based SRA International, an IT contractor whose customers include national security agencies, has a former National Security Administration bigwig on board to help advise it.
Recent Company News
» NSA
» SRA International
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Michael Jacobs, a 38-year veteran of the NSA who most recently served as its director of information assurance, will join SRA International as senior adviser for cyber and national security.
Among his assignments will be working with intelligence and law enforcement organizations to sell solutions for improving secure information sharing. SRA International says Jacobs' local government experience will also be handy in dealing with local and state government clients.
Jacobs also served as mayor of College Park from 1997 to 2001.
SRA International went public this spring, raising $90 million in its initial public offering. Its stock (NYSE: SRX) has gained more than 46 percent since its May IPO, trading at around $26.50 per share.
Endovasc,Texas,SRA International,Mantas Inc.,CIA and Bellador Group
http://okimc.org/newswire.php?story_id=1363
Mantas Inc,Herndon, Va, Pro-Money Laundering Arm of international bankers, brokers,market makers...
http://hm.indymedia.org/newswire/display/11432/index.php
Charles Schwab and Share-Money Laundering
http://sfbay.indymedia.org/news/2005/06/1747107.php
Agora Inc.meets George Tenet in New Orleans,touts penny stock for CIA
http://chapelhill.indymedia.org/news/2005/10/16883.php
NSA Caught With The Cookies
http://yro.slashdot.org/yro/05/12/29/1457234.shtml?tid=158&tid=219
NSA's Lamest Spy Tool: Cookies
http://www.wired.com/news/wireservice/0,69943-0.html?tw=wn_tophead_4
MANTAS BEHAVIOR DETECTION PLATFORM
http://www.mantas.com/Products/RegulatoryCompliance/MantasPlatform.html |
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