"In-the-knows" have painted themselves into a corner (2nd Thread)
This is a discussion on "In-the-knows" have painted themselves into a corner (2nd Thread) within the Solid Investment (SI) forum, part of the Money Frauds and Scams category; Seriously,is budi living in some alternate reality? This latest "update" is surely the most ridiculous, unbelievable nonsense, budi has ever ...
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#21 |
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Seriously,is budi living in some alternate reality? This latest "update" is surely the most ridiculous, unbelievable nonsense, budi has ever posted. Even the die hards will find that bullsh*t hard to swallow.Don't waste your time looking in the Sunday Times new years richest men list.There won't be any mention of budi's 100,000 imaginary millionaires.LOL.
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#22 |
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#23 |
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Psycotic delusion. He actually believes his own BS. There
is no financial incentive to continue these 'updates', and saving his pride is a rediculous notion at this point - so why continue? So sad that others are caught up in the endless story and burning away years of thier life waiting on this hoax to pay out. |
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#24 | |
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Just before the website shut down it was showing 102,000+ members. A month before, at their forum, we were informed that at least 25% of current accounts were duplicates, mistakes or double accounts. Later we were told that there were ONLY around 47,000 Valid accounts that were properly funded and correct!!! Near the same time we were told that there were less than 1,000 "offline" investors that had "big" Money; BUT the amount of Money "Small" investors put in(average of 2k investments)exceeded the offline investment amount!!! Which makes sense, if you do the math, the "Big" investors would not have invested 'huge' amounts as we were lead to believe!!! Logic should tell anyone that it would be impossible to have 2x the amount of investors as posted on the website that last day(July 7th,06). 200,000 investors as budi suggested,recently, is impossible!!! Unless Another 100,000+ people joined in the last 3.5 years; which might be the case, since there have been many reports of SI phantom websites!!! You guys do what you want, but it is my sincere Hope at some point you release all this SI Nonsense and trust in yourself to bring in the 'real' money!!!!!!!
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#25 |
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If John Doel has a shred of decency in him he will come clean about the circumstances which has compelled him to continue with this charade thereby misleading the remaining few members and not wrench them into yet another year of disappointments.
The same applies with Jerry Burling. He plays an equal role as an accomplice having made false statements about a court order which DOES NOT exist whilst confirming payments which HAVE NEVER been processed thereby exasperating this farce. |
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The trading in “debt instruments” is a multi TRILLION dollar industry worldwide. The bank secured investment programs of top world banks (Money Center Banks) are authorized to issue blocks of debt instruments like Bank Purchase Orders (BPOs), Promissory Bank Notes or Mid-Term Notes (MTNs), Zero Coupon Bonds (Zeros), Documentary Letters of Credit (DLCs), Stand By Letters of Credit (SLCs), or Bank Debenture Instruments (BDls) under International Chamber of Commerce guidelines (ICC - 500 & 600). The prices of these instruments are quoted as a percentage of the face amount of the instrument, with the initial market price being established when first issued. Thereafter, as they are resold to other banks, they are sold at escalating higher prices, thus realizing a profit on each transaction, which can take as little as one day to complete. As these debt instruments are bought and sold within the banking community, the trading cycles generally move from the higher level banks to lower level (smaller) banks. Often they move through as many as seven or eight trading cycles, until they eventually are sold to an already contracted retail customer or "exit buyer" such as a pension fund, trust fund, foundation, insurance company, security dealer, etc. that is seeking a conservative, reasonable yield investment that is suitable for 8 figure amounts. By the time the bank debentures ultimately reach the "retail" or secondary market level, they are of course selling at substantially higher prices than when originally issued. For example, while the original issuing bank might sell a "MTN" at 80% of its face value, by the time it finally reaches the "retail/exit" buyer it can sell for 91% to 93% of its face value. Since these transactions are intended for large financial institutions, they are denominated in face amounts commonly ranging from US $10 million. These are phenomenal arrangements but they are even eclipsed in situations where the most skilled and connected program manager is able to obtain Medium Term Notes at an 80% discount and sell directly to the retail/exit buyer yielding an 11% -13% profit on any particular business day. This is the environment from which SI sprang and operated for several years. As has been accurately reported the payout funds are escrowed and not affected by the financial meltdown that began last year, although the way that the payout schedule is being structured with IMF oversight, deciding how much should be released at any particular time. |
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#29 | ||
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LOL. Sorry, you'll have to do better than that. ALL of what is written above is pure, unadulterated BULLSHlT. It's copied from psuedo-authorities promoting and attempting to sell a variety of sketchy investment schemes on the basis of such "secret" scenarios, all of which are just plain false as has been demonstrated many times. Example Craig's List investment scam ad using the same BS (and we all know what a trusted source for financial information it is. LOL!): Quote:
The fact is that such deals as they are claimed in the post above are not real. To the extent that they do exist the terms and returns are not even close to that described and they are not at all secret other than maybe to novice investors who don't know any better. As anyone who actually has any real investment experience knows, the parties, terms (none of which even approach that described), and other details are widely reported on a daily basis in a variety of media dedicated to reporting such deals. There is an entire industry devoted to supporting, analyzing, rating, underwriting, insuring, and promoting these types of deals. "Parent companies" ALWAYS are disclosed for what should be the obvious reasons that they are the actual parties to such deals and bear responsibility and liability and are the party upon which credit and other elements of rating and pricing such deals relies. ALL are subject to basic disclosures, regiatrations, and required reporting as are any other investments. NONE even remotely approach the returns commonly suggested by scams using them as the basis for their "secret" investment programs." ALL banks and even private hedge funds report their results, and NONE reflect anything even remotely resembling that described. The only people who claim otherwise are conspiracy nuts and scammers. Which should help to qualify the post above and similar claims made by Budi and others with respect to SI. |
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