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sigh!!!
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Patrick said:
>So far, I think I understand these two facts:
>
>1. The scammers owned lots of G&SR shares.
>2. The G&SR company maintains the e-gold website.
>
>Sorry, but I don't understand how this reflects badly on either G&SR or
>e-gold. ....
>Here are my questions:
>
>1. Is e-gold a solid company that I can still trust?
>2. If no, then why? How does this indictment reflect badly on e-gold?
>
>Regards, Patrick
Patrick, GS&R + e-gold are intimately entwined - I think e-gold is
OWNED BY GS&R. GSR, egold, omnipay, all the same thing.
However, I agree with Patrick --- does it matter if the major
investor in GSR/egold/Omni was some bizarre scamster?
I mean in a legal sense does it matter -- is there any downside for e-gold?
Is it illegal to have a crappy criminal and/or bizarro investor?
(I don't know - does anyone know?)
>1. Is e-gold a solid company that I can still trust?
In my opinion, certainly yes!
I can't think of one example ever of e-gold doing anything improper?
Reversing one spend?
Fundamentally, I trust JIM RAY AND JAY WHERLEY!
But here's a difficult problem:
How does the SEC get its 74 million bucks back?
Obviously, the "government never loses," you can take that as a given
fact...right?
Simple, utterly undeniable fact: everyone else will lose, and the
government will get their 74 million bucks.
So how does the SEC get "their" 74 million?
Here's one way: They jump on G&SR. Hit them with the evidence of the
various infractions the SEC makes up.
The SEC already have their existing shareholding of 3 or 4 percent,
and take a "settlement" from Doug & Barry of their shares.
(You know -- it's one of those great government deals ... the ones
you can't refuse.)
SEC now the major shareholder, and Doug and Barry lose control of
their own company, or are kicked off the board or whatever. SEC
installs their own management.
G&SR makes some sort of ownership claim on e-gold. Can Doug and
Barry fight it? Sure! It's easy to fight the government and win
("lol")
G&SR does an IPO. Planetgold's inside info is that the last share
sale of G&SR was $100 or so, so it's just the usual wall st B.S.
numbers game to make enough shares at the float to get back the cash
from the public...voila, the SEC gets their 74 million, and everyone
(except the government) gets hurt!!
Consider, this bizarre Zidar guy (who the hell is he anyway?)
somewhere amongst the Nigerian scams and Porsche racing teams, Zidar
ACTUALLY PUT a few dollars where it had made a huge return!
Bottom line,
(A) Douglas Jackson builds the central pillar of tomorrow's economy
(B) In the early days he took an investment from a shady character
(what's wrong with that anyway? nothing in my book - but, whatever)
(C) The Feds Takes It All
Oh well.
JP
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