Post by sparklegirl25 on Aug 15, 2010 13:53:52 GMT -6
Al posted this on Millionaires board this morning
millionaires.proboards.com/index.cgi?board=main&action=display&thread=33452
Hodges and Associates INTERIM UPDATE
« Thread Started Today at 11:21am 8/15/10 »
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We have, as you are now more than aware, confronted a serious headwind to obtaining Economic Receipt. Although I have previously stated that I would not provide an “update” until we had confirmation of economic receipt or, I became convinced that payment to CMKX shareholders would not be forthcoming in a timely manner, it is now apparent that several matters need to be addressed:
• I am an attorney and have been retained by seven brave and exceptional shareholders that represent a cross section of the proposed class; as such, I act at all times as their counsel.
• At this instant in time, I literally represent only the seven named plaintiffs; as a result, I am constrained in the types and extent of information which I can provide to putative members of the class. As we’ve said before, the status of the litigation can at all times be monitored on PACER.
• As a point of fact, the recent Court hearing was utilized in part as a means of conveying to the Judge and to the defendants, some of the additional information which can [if necessary] be added to our complaint to comply with The Federal Rules of Civil Procedure. We have not been thrown out of Court; the Judge, on his own, granted additional time for us to file an amended Complaint.
• If necessary [which I still believe not] we will file an amended complaint specifying in more detail exactly how the individual Commissioners caused harm of Constitutional dimension to the CMKX shareholders. This litigation will be aggressively pursued until such time as all shareholders have been paid.
I remain convinced that we will prevail. The belief of some that yelling and screaming, loudly and publicly enough, can somehow “force” release of the CMKX moneys, is erroneous and misplaced; it will not. Why won’t it help, you ask; it can’t help when the core problem is the White House. I believe that the SEC is anxious for this to be over; however, it is not the SEC that holding things up, IMO. I do believe that media exposure is beneficial in the sense that it keeps the pressure on the entire financial community.
Inquiring minds want to know: what is our status; what has been going on; what is holding up economic receipt; when will our money be released; and how much money is there? As before, I will address each of these questions, to the extent I am able, separately:
1. How Much Money – As I have said before, we have persuasive evidence to all of the facts alleged as such in the complaint; accordingly, there is a total of 3.87 Trillion Dollars.
2. When is Release – The CMKX distribution funds will be released within a very short time after there is confirmation of Economic Receipt. What does that mean? It means that currently in process is a massive shift of wealth within the US and the world community; that includes: pay-out of all the domestic settlements; institution of the US dollar re-funding project; pay-out of world settlements; and, distribution of funds to many other programs. This involves a total of more than $ 42 Trillion. Economic Receipt occurs when all trustees have access to all of the funds they are responsible for.
3. Our Status – As I advised in April, we are literally on the thresh-hold. This means that the “work” remaining to be finished will not consume more hours than can be accomplished within one day. We have been at this point now for more than three months [!].
4. The Delay – Although I could write a book about what’s been going on behind the scenes [and may one day] to cause this additional delay, I’ll try to give you the condensed version:
First - Please be aware and understand that there is an economic war raging in the background; this war is between those who have controlled this planet for the last hundred and fifty years, and we who think that it must stop.
Second - The naked corruption that is endemic in D.C. is more than most can comprehend; it is clear that these miscreants have no regard for the US Constitution, Federal Laws and Regulations, nor even any sense of simple morality. They are convinced that they are above any constraint that might apply to lesser mortals, and that no enforcement activity will ever successfully address them. I hasten to add that such opinions are not universal; having said that, it is more widespread than not. I can add that some large number of bankers and others have now been arrested and/or indicted; this, in combination with substantial repatriation of “stolen” moneys, is having a significant impact on the balance of power shifting in our favor.
Third - These miscreants are, in effect, fighting for their lives – at least that part of their lives that establishes an environment in which they can continue to lie, cheat, steal, and mortgage your progeny’s lives, all for their personal gain. Accordingly, they will fight until the doors are all closed by a power that they cannot subvert. That fight continues as I prepare this interim update.
Fourth - The good news is, we are winning the battle. The circle within which these bad apples can operate draws inexorably smaller with each attempt to bribe, suborn and otherwise corrupt the system, and the people within it.
Fifth – By what date will we have Economic Receipt, you ask. We will have it when this initial battle phase comes to a successful conclusion. I still believe that will be in the near future; the most recent schedule, based on communication I received, was that it should have been finished by August 13; somehow at the very last moment, the bank was not available [?] to conclude the necessary transfers. This newest problem, I’m told, is being dealt with this weekend.
I want to extend my heartfelt thanks to those of you who continue to demonstrate support and encouragement for our efforts. We remain very optimistic for the long term. Rest assured that the fight will continue until we succeed. We will prevail.
Al Hodges
millionaires.proboards.com/index.cgi?board=main&action=display&thread=33452
Hodges and Associates INTERIM UPDATE
« Thread Started Today at 11:21am 8/15/10 »
--------------------------------------------------------------------------------
We have, as you are now more than aware, confronted a serious headwind to obtaining Economic Receipt. Although I have previously stated that I would not provide an “update” until we had confirmation of economic receipt or, I became convinced that payment to CMKX shareholders would not be forthcoming in a timely manner, it is now apparent that several matters need to be addressed:
• I am an attorney and have been retained by seven brave and exceptional shareholders that represent a cross section of the proposed class; as such, I act at all times as their counsel.
• At this instant in time, I literally represent only the seven named plaintiffs; as a result, I am constrained in the types and extent of information which I can provide to putative members of the class. As we’ve said before, the status of the litigation can at all times be monitored on PACER.
• As a point of fact, the recent Court hearing was utilized in part as a means of conveying to the Judge and to the defendants, some of the additional information which can [if necessary] be added to our complaint to comply with The Federal Rules of Civil Procedure. We have not been thrown out of Court; the Judge, on his own, granted additional time for us to file an amended Complaint.
• If necessary [which I still believe not] we will file an amended complaint specifying in more detail exactly how the individual Commissioners caused harm of Constitutional dimension to the CMKX shareholders. This litigation will be aggressively pursued until such time as all shareholders have been paid.
I remain convinced that we will prevail. The belief of some that yelling and screaming, loudly and publicly enough, can somehow “force” release of the CMKX moneys, is erroneous and misplaced; it will not. Why won’t it help, you ask; it can’t help when the core problem is the White House. I believe that the SEC is anxious for this to be over; however, it is not the SEC that holding things up, IMO. I do believe that media exposure is beneficial in the sense that it keeps the pressure on the entire financial community.
Inquiring minds want to know: what is our status; what has been going on; what is holding up economic receipt; when will our money be released; and how much money is there? As before, I will address each of these questions, to the extent I am able, separately:
1. How Much Money – As I have said before, we have persuasive evidence to all of the facts alleged as such in the complaint; accordingly, there is a total of 3.87 Trillion Dollars.
2. When is Release – The CMKX distribution funds will be released within a very short time after there is confirmation of Economic Receipt. What does that mean? It means that currently in process is a massive shift of wealth within the US and the world community; that includes: pay-out of all the domestic settlements; institution of the US dollar re-funding project; pay-out of world settlements; and, distribution of funds to many other programs. This involves a total of more than $ 42 Trillion. Economic Receipt occurs when all trustees have access to all of the funds they are responsible for.
3. Our Status – As I advised in April, we are literally on the thresh-hold. This means that the “work” remaining to be finished will not consume more hours than can be accomplished within one day. We have been at this point now for more than three months [!].
4. The Delay – Although I could write a book about what’s been going on behind the scenes [and may one day] to cause this additional delay, I’ll try to give you the condensed version:
First - Please be aware and understand that there is an economic war raging in the background; this war is between those who have controlled this planet for the last hundred and fifty years, and we who think that it must stop.
Second - The naked corruption that is endemic in D.C. is more than most can comprehend; it is clear that these miscreants have no regard for the US Constitution, Federal Laws and Regulations, nor even any sense of simple morality. They are convinced that they are above any constraint that might apply to lesser mortals, and that no enforcement activity will ever successfully address them. I hasten to add that such opinions are not universal; having said that, it is more widespread than not. I can add that some large number of bankers and others have now been arrested and/or indicted; this, in combination with substantial repatriation of “stolen” moneys, is having a significant impact on the balance of power shifting in our favor.
Third - These miscreants are, in effect, fighting for their lives – at least that part of their lives that establishes an environment in which they can continue to lie, cheat, steal, and mortgage your progeny’s lives, all for their personal gain. Accordingly, they will fight until the doors are all closed by a power that they cannot subvert. That fight continues as I prepare this interim update.
Fourth - The good news is, we are winning the battle. The circle within which these bad apples can operate draws inexorably smaller with each attempt to bribe, suborn and otherwise corrupt the system, and the people within it.
Fifth – By what date will we have Economic Receipt, you ask. We will have it when this initial battle phase comes to a successful conclusion. I still believe that will be in the near future; the most recent schedule, based on communication I received, was that it should have been finished by August 13; somehow at the very last moment, the bank was not available [?] to conclude the necessary transfers. This newest problem, I’m told, is being dealt with this weekend.
I want to extend my heartfelt thanks to those of you who continue to demonstrate support and encouragement for our efforts. We remain very optimistic for the long term. Rest assured that the fight will continue until we succeed. We will prevail.
Al Hodges
