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Tuesday, July 26, 2016

WSOMN UPDATE, 26 JULY

AdminBill:  UPDATE

I HAVE BEEN ON THE PHONE AND RECEIVING TEXT MESSAGES WITH TOP ADVISORS THIS MORNING REVIEWING OUR PAST AND PRESENT STATUS AS WELL AS DISCUSSING WHAT WE SEE HAPPENNG IN THE FUTURE.

THERE HAS BEEN MUCH TALK ABOUT REDEMPTION OF SKR'S AND MAKING THEM "LIQUID". THE TERM "LIQUID" REFERS TO THE ORIGINAL AGREED UPON RATE OF EXCHANGE BEING CONCLUDED WITH ACTUAL USUABLE CASH IN ACCOUNTS.

IT IS MY OPINION THAT HIS HAS HAPPENED FOR OWNERS OF CONVERTIBLE BONDS BUT IT DOES NOT INCLUDE THE HISTORICAL BONDS SUCH AS THE SUPER PACELLI'S AND SOME OF THE OLDER BONDS.

THE ACTUAL NUMBER OF TRANSACTION THAT HAVE TAKEN PLACE IS NOT RELAVENT. THE FACT THAT THEY HAVE OCCURED IS.


AdminBill:  THERE HAVE BEEN SO MANY UPS AND DOWNS THAT IT IS HARD TO KEEP UP WITH IT ALL SOMETIMES.

FOR THE PAST WEEK I HAVE NOT BEEN ABLE TO CONNECT WITH ONE OF MY BEST CONTACTS WHO OWNS A VARIETY OF BONDS AND CASH. I MISTOOK THIS TO MEAN THAT THIS PERSON WAS LIQUID AND COULD NOT LONGER COMMUNICATE DUE TO AN ADDITIONAL NDA. I WAS WRONG.

THUS THE INFORMATION I WAS PRESENTING TO YOU WAS SKEWED BY MY MISINTERPRETATION. MY SINCERE APOLOGIES. THAT BEING SAID THE MOMENTUM HAS PICKED BACK UP AND THERE ARE CONTINUING REPORTS OF ACTIVITY AT VARIOUS LOCATIONS IN THE USA.

MY CONTACTS ALL REMAIN VERY POSITIVE BUT CONTINUE TO BE GUN SHY. WE REMAIN QUESTIONING WHO IS CALLING THE SHOTS AND WHY THIS CANNOT BE COMPLETED NOW. IF THIS IS AN EVENT DRIVEN PROCESS RATHER THAN BASED UPON A TIMELINE THEN WHAT EVENT MUST HAPPEN TO LIGHT THE FUSE?

I AM TOLD THAT THE TIMING REMAINS GOOD FOR THIS WEEK. LET'S HOPE THE END IS NO LONGER IN FRONT OF US. LET'S PRAY IT IS HERE, NOW.

Splash:  How does a company lose 69 million customers? Just ask Citigroup Inc. "Citigroup, HSBC Jettison Customers as Era of Global Empires Ends"
http://www.bloomberg.com/graphics/2016-global-banks/

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