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Post by imSINGLEruRICH on Jun 12, 2017 16:35:14 GMT -5
bingo123 DIAMOND JEDI WARLORD 7 hours ago portrush and supercim like this The question is, what is SK waiting for exactly?
By his own admission, he admits that they basically have no cash, and without cash the "company" will shut down.
By his own admission, the recovery of assets and the ability to sell them for cash if recovered hasn't happened.
Therefore, the only way his company can continue is if it receives an influx of cash.
Sooooo, where does he expect that cash to come from? Or does he expect it at all?
The only avenue left legally is the Edwards legal resolution. So, is he expecting that to provide him the cash somehow? If not, then it seems his new company is destined to shut down, no?
I do not know SK personally, so he might be a wonderful and smart man. However, I haven't been able to quite understand his whole outlook on things from the day he arrived. Some things just don't quite add up to me. As always I feel I am not being told the whole story. As Golden posted earlier, odd that now after all these years, SK is talking about shutting it down, when in my mind any smart man would have known this would be the outcome from the day he took over, so why get involved at all? And it is happening at the same time as Edwards MIGHT be winding down finally? Hmmmmm.
portrush Administrator 5 hours ago via mobile TazGhost, flyingj, and 4 more like this Post by portrush on 5 hours ago
Okay Bingo, I've got time to kill in the airport so let's play with this thought.
Just suppose there really is something for shareholders by way of some restitution. Regardless of amount.
Just suppose that those on the dark side of the force don't want shareholders to receive it--or, perhaps more likely, the Gov wants restitution to go only to those who actually deserve it. Those truly harmed. Those legitimately holding shares purchased pre-revocation.
Just suppose that as a matter of defense the lone wolf standing has the argument that he should not have to stand trial, should not have to be required to pay any judgement nor lose assets to a company that no longer exists.
Just suppose there are unknown cronies of his hoping for the same thing.
Just suppose the trial's completion really does have something to do with closure.
Just suppose SK has kept the lights on in this otherwise shell company for the sole purpose of keeping it alive so innocent shareholders actually end up receiving whatever, whenever.
Just suppose in the interim he said let's try to make a go of this based on the things he was told regarding money due to the company from clawbacks and judgements. The attorneys told him money was there and due. "The attorneys" including if not primarily Frizzell...whose been in it since day one of the task force when he crossed from representing the shareholders to representing the company.
Just suppose there are other extenuating circumstances that we wait on. The longer it takes the less wrong those suppositions appear to be, or perhaps better stated--the less impossible?
Just suppose this really is a small part of something bigger. I don't know...like manipulating the markets and laundering money through the pink sheets. It would be more complex that laundering through Vegas. And who did the Gov ask to help them clean up that mess?
Just suppose we get nothing. It was a scam from day one and there is nothing there for anybody. 12 years since revocation, extended trial date after trial date for seemingly inane reasons. And a company which has paid taxes on minuscule revenue mostly eroded by attorney fees and deferred compensation accrual for its one-man-band leader trying to make something of essentially nothing. And now the Gov wants to segregate shareholders into harmed/unharmed. Really?
I've made all this up. It's just simple musings of a guy waiting for his jet.
Or is it?
pr
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Post by John Winston Lennon O'Boogie on Jun 12, 2017 16:52:44 GMT -5
bingo123 DIAMOND JEDI WARLORD 7 hours ago portrush and supercim like this The question is, what is SK waiting for exactly? By his own admission, he admits that they basically have no cash, and without cash the "company" will shut down. By his own admission, the recovery of assets and the ability to sell them for cash if recovered hasn't happened. Therefore, the only way his company can continue is if it receives an influx of cash. Sooooo, where does he expect that cash to come from? Or does he expect it at all? The only avenue left legally is the Edwards legal resolution. So, is he expecting that to provide him the cash somehow? If not, then it seems his new company is destined to shut down, no? I do not know SK personally, so he might be a wonderful and smart man. However, I haven't been able to quite understand his whole outlook on things from the day he arrived. Some things just don't quite add up to me. As always I feel I am not being told the whole story. As Golden posted earlier, odd that now after all these years, SK is talking about shutting it down, when in my mind any smart man would have known this would be the outcome from the day he took over, so why get involved at all? And it is happening at the same time as Edwards MIGHT be winding down finally? Hmmmmm. portrush Administrator 5 hours ago via mobile TazGhost, flyingj, and 4 more like this Post by portrush on 5 hours agoOkay Bingo, I've got time to kill in the airport so let's play with this thought. Just suppose there really is something for shareholders by way of some restitution. Regardless of amount. Just suppose that those on the dark side of the force don't want shareholders to receive it--or, perhaps more likely, the Gov wants restitution to go only to those who actually deserve it. Those truly harmed. Those legitimately holding shares purchased pre-revocation. Just suppose that as a matter of defense the lone wolf standing has the argument that he should not have to stand trial, should not have to be required to pay any judgement nor lose assets to a company that no longer exists. Just suppose there are unknown cronies of his hoping for the same thing. Just suppose the trial's completion really does have something to do with closure. Just suppose SK has kept the lights on in this otherwise shell company for the sole purpose of keeping it alive so innocent shareholders actually end up receiving whatever, whenever. Just suppose in the interim he said let's try to make a go of this based on the things he was told regarding money due to the company from clawbacks and judgements. The attorneys told him money was there and due. "The attorneys" including if not primarily Frizzell...whose been in it since day one of the task force when he crossed from representing the shareholders to representing the company. Just suppose there are other extenuating circumstances that we wait on. The longer it takes the less wrong those suppositions appear to be, or perhaps better stated--the less impossible? Just suppose this really is a small part of something bigger. I don't know...like manipulating the markets and laundering money through the pink sheets. It would be more complex that laundering through Vegas. And who did the Gov ask to help them clean up that mess? Just suppose we get nothing. It was a scam from day one and there is nothing there for anybody. 12 years since revocation, extended trial date after trial date for seemingly inane reasons. And a company which has paid taxes on minuscule revenue mostly eroded by attorney fees and deferred compensation accrual for its one-man-band leader trying to make something of essentially nothing. And now the Gov wants to segregate shareholders into harmed/unharmed. Really? I've made all this up. It's just simple musings of a guy waiting for his jet. Or is it?pr Sometimes I wonder about you PR.. And I bet sometimes you wonder about yourself...
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Now What?
Jun 12, 2017 18:27:58 GMT -5
via mobile
Post by portrush on Jun 12, 2017 18:27:58 GMT -5
Sometimes I wonder about you PR.. And I bet sometimes you wonder about yourself... LOL! Gee thanks JW! Actually imbedded in all that hot air is a handful of the theory that has been bandied about the boards from years. My point (for the discerning) was that SK's efforts are more obviously about the betterment of shareholders--regardless of the outcome--vs all the rest we've trudged through all these years. If I've learned anything all these years reading the opinions on the boards it's that most have their minds made up. Correctly, incorrectly or whatever. No one is changing them--just ask. But the discussion can still be rewarding and enlightening. Sometimes it takes some self-deprecation to lighten the dour moods. pr
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Post by John Winston Lennon O'Boogie on Jun 12, 2017 18:33:15 GMT -5
Sometimes I wonder about you PR.. And I bet sometimes you wonder about yourself... LOL! Gee thanks JW! Actually imbedded in all that hot air is a handful of the theory that has been bandied about the boards from years. My point (for the discerning) was that SK's efforts are more obviously about the betterment of shareholders--regardless of the outcome--vs all the rest we've trudged through all these years. If I've learned anything all these years reading the opinions on the boards it's that most have their minds made up. Correctly, incorrectly or whatever. No one is changing them--just ask. But the discussion can still be rewarding and enlightening. pr I'm one of them, where is the money..?
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Post by portrush on Jun 12, 2017 18:37:02 GMT -5
Haha. Get in line!
pr
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Post by thunkerdrone on Jun 14, 2017 21:43:18 GMT -5
What about Gates? We have yet to receive anything official or verified from Gates.
All we can for hope for is some sort of dream scenario, where the trust or restitution or whatever it was which was alluded to for so long has maybe taken another form, and morphed into its true intended form, and Gates hinges on Edwards, which hinges on who knows what? Gates? Gates needs something from Edwards,but Edwards needs something , some sort of go-ahead, some event-based outcome related to ...heaven knows.
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Post by portrush on Jun 15, 2017 6:55:06 GMT -5
Regardless of what one thinks Gates has discovered, if anything or nothing, it does appear he was "asked" to not issue a report about it until the trial has been concluded. Who "asks" that? Regardless, perhaps such findings hold potential to impede or expose and therefore risks impact on the trial. That in and of itself is intriguing...especially given the duration of wait and the continual delay. My understanding is the November trial date will again be extended, yet conclusion will occur in 2018.
We'll see, of course. Yet even a conclusion yet this year would likely push sentencing into next year. I hate the delays. Unfair. Disrespectful. Discouraging. Reality.
pr
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Post by ohiogirl on Jun 15, 2017 7:00:05 GMT -5
Well then, perhaps we should all become home brewers and home wine makers while we are waiting, so when this is all over we have something to show for our wait and can hopefully celebrate with it!
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Post by portrush on Jun 15, 2017 8:11:42 GMT -5
Haha! Good suggestion but I think the whine has been brewing long enough!
pr 😄
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Post by John Winston Lennon O'Boogie on Jun 15, 2017 9:28:16 GMT -5
From the beginning, it's for the shareholders.. Whatever that is,,,,,, they just can't give it to everyone..
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Post by imSINGLEruRICH on Jun 15, 2017 14:30:27 GMT -5
Well then, perhaps we should all become home brewers and home wine makers while we are waiting, so when this is all over we have something to show for our wait and can hopefully celebrate with it! Had we started our home brewing & maybe SELLING it..... at the beginning of this saga..... We probably would have all been Millionaires by now !! Not selling would make us really really tipsy celebrators, at the end !! lol lol
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Post by ohiogirl on Jun 15, 2017 15:04:59 GMT -5
We have the time to practice our craft, maybe we'd get so good that Sam Adams would buy one of our recipes! I know someone who won a contest entering his beer in a Sam Adams contest and he won!
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Post by 3bid on Jun 15, 2017 16:35:05 GMT -5
Fine wine is where it's at. Just ask Gabby. He's a pro who knows everything about that market.
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Post by ohiogirl on Jun 16, 2017 14:05:26 GMT -5
Speaking of Gabby, where the heck is he hiding? I know he's very well versed with wine as I've asked his opinion on certain wines before...
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Post by imSINGLEruRICH on Jun 26, 2017 17:03:09 GMT -5
twinnster DIAMOND JEDI 20 hours ago pistos, flyingj, and 3 more like this Post by twinnster on 20 hours agoObviously, Harv and Al H can only tell us so much. We'll be paid when it's the right time. Sure are a lot of folks that have gone quiet, phone calls have stopped...not a lot of posts on boards either...so hopefully we are VERY close!
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