Global online depository

Newbie Joined: 16 Feb 2007 Posts: 44

Yes, I posted prior to reading Emily's report.......too tired on this end---up for 24 hours now, trying to beat a report deadline......arrrg!

Newbie Joined: 24 Feb 2007 Posts: 28

Did everyone in Global get the March 23 announcement? I don't want to take up space posting it if everyone has it already...

Newbie Joined: 09 Oct 2006 Posts: 35

a real bummer...the high hopes i had of actually seeing one of my 7 withdrawal requests satisfied were swept with the notice. this one is costly.

Newbie Joined: 16 Feb 2007 Posts: 44

Yes, 'under investigation' by the SEC does not bode well.

Does anyone know if the principles at Global are maintaining that their efforts to be a publicly traded company have generated this investigation?

I was struck by the proclamation in the notice that this was not to be construed as a 'cease and desist' order. A bit defensive, perhaps, as Global's principles have first hand experience with this principle.

Next, we may well see a notice that Global's funding methodology has been ruled not in compliance with Federal regulations.

Well, one day at a time......worrying about it will not make it any better. Concentrate on your programs which make you money. Be positive, be successful.

Apprentice Joined: 16 Oct 2006 Posts: 128 Location: NEVADA

I have loans with Global due to mayure this July and I haven't heard any announcement concerning Global except their declaration that they were now fully funded and would no longer be offering loans. I have seen bits and pieces concerning an investigation by the SEC. But, what is known that is concrete? Is Global in real danger of going down? Does anyone know anything more than rumor or heresay?

Newbie Joined: 24 Feb 2007 Posts: 28

gpmkc wrote:

I have loans with Global due to mayure this July and I haven't heard any announcement concerning Global except their declaration that they were now fully funded and would no longer be offering loans. I have seen bits and pieces concerning an investigation by the SEC. But, what is known that is concrete? Is Global in real danger of going down? Does anyone know anything more than rumor or heresay?

The transcripts posted a few posts above this are not rumor or heresay, but transcripts from conference calls.

You can sign up for their email announcements here:

http://globalonlinedirectmail.com/cgi-bin/dada/mail.cgi/list/globalannounce

That's where the Mar 23 update came from. I can pm it to you if you want it, so as to not take up space here.

Posted: Sun Mar 25, 2007 8:46 am

uncle sam wrote:

Yes, 'under investigation' by the SEC does not bode well.
Does anyone know if the principles at Global are maintaining that their efforts to be a publicly traded company have generated this investigation?
I was struck by the proclamation in the notice that this was not to be construed as a 'cease and desist' order. A bit defensive, perhaps, as Global's principles have first hand experience with this principle.
Next, we may well see a notice that Global's funding methodology has been ruled not in compliance with Federal regulations.
Well, one day at a time......worrying about it will not make it any better. Concentrate on your programs which make you money. Be positive, be successful.

The mention of the "C&D" was due to the fact that the Judge was earlier issued a Cease and Desist order for another venture.

You can be quite sure that the method of securing funding did not meet SEC regulations, since a complete discloser was not issued to interested parties.

Levaz

Posted: Fri Mar 30, 2007 9:32 pm

This is now on a HOLD and WATCH pattern. Any news on the SEC investigation would be welcome.

Levaz

Newbie Joined: 24 Feb 2007 Posts: 28

A note from my upline followed by a transcript of the March 27 conf. call:

I also want to note that I did email Global asking about the SEC intervention and basically we have that attorney who unsuccessfully sued us last year to thank for the attention we are now getting from the SEC.

Also, I asked about the prior two SEC audits and he explained that those were audits done FOR the SEC, not BY the SEC. A distinction I hadn't understood before. Nonetheless, they are very confident this will go well as they had set up the loan program to comply to all laws from the get go and so now we just need to pass the white glove test. Smile

Here is the summary of the call:

Hello Global Friends

Tonite Russ was a little more orderly in his conference call.

He covered:
1) Answering questions that have been emailed in reflecting concerns (he says: "you only need to be scared if there is something to hide" ... Global's books are wide open)

2) State of the company - why they are IN Union and what is happening. (Russ and AJ were both at H.O. - AJ left on Sat)

3)summary

There have been unfortunate rumors that the SEC investigation is just a RUSE. It IS INFORMAL and there is NO case # and it is real. The request by the SEC to stop the loans/withdrawals until the investigation is over ... that's what is being investigated to make sure it is legit way of fund-raising. THE BACKBONE of this company is SALES and that is continuing daily.

The SEC wants to make sure that Global was not selling a security nor that it is a Ponzi ...

Russ estimated that Global haS inventory valued at about $80mil RETAIL (20% of that is wholesale value).

Global now has Real Estate with 19 different buildings, trucks ... etc.

The support people are very committed - setting up better systems and still following up with audits on any withdrawals from Nov/Dec/Jan.

They also must comply with the requests from the SEC people.

Questions:
WHY STOP WITHDRAWALS?

to prove that the withdrawal are not coming from the incoming 'loans' ... rather from sales

WITHDRAWAL REQUESTS - WHY CANT THAT MONEY STILL GET INTEREST?

That money is taken out of the pool ... it is in limbo until it is paid ... that is done by the computer instantly ..

EBAY STORE - WHY ALL THE NEGATIVE COMMENTS?

- In Ga offices were relocating and the site was put o vacation. People were made aware of that but the ordered anyway and then complained when there were delays in delivery's...

WHY WAS THE LAGRANDE STORE CLOSED?

There never was one. There was one in Pendleton at a leased gas station (which closed) - the store moved to DownTown and is kicking butt!!

THE HOLD ON THE WITHDRAWALS HAS PUT ME INTO A DIFFICULT POSITION SO PLEASE GIVE ME MY PRINCIPLE RIGHT NOW ... this is just not possible at this time.

Russ says there are about 60 employees now and he says some of the FINEST/MOST DEDICATED people he has ever met. They are accepting the burden/exceptional/fast growth - preparing to expedite withdrawals when open again. They are all very happy, good spirits - appreciate our good faith.

Russ's challenges:
1)communicate updates, status of tickets ... systems
2) must provide SEC info - lots of manual requirements

Sales are still real good.

BUSINESS In A BOX - now have 1600 ready to go ... just the software isn't quite ready to do the processing.

By the end of next week, the first 50 will be processed.

Overview coming soon on 'site'.

This is a means of empowering the home business/entrepreneur.
IMAGINE: 10-12,000 x $1000/week = $BILLION company

http://mybizboxnow.com

HAVE COURAGE TO LIVE UP TO YOUR COMMITTMENT (TRUST/FAITH) AS IS THE COMPANY LIVING UP TO THEIR COMMITTMENT (BUILDING SERVICE/SYSTEMS) ON OUR BEHALF.

That's it for now folks .. join us on Thurs.

Calls will be held on Tuesday and Thursday nights at 9pm Eastern time (6pm Pacific, 7pm Mountain, 8pm Central). The audio conference dial-in number is 1-620-294-3000. Enter 2603 # when prompted by the operator.
***************
Levaz, you gave me the go-ahead to post the other conf. calls above, if you want me to take it to PM instead of posting here, please let me know.
Thanks-

Posted: Sat Mar 31, 2007 6:00 am

Emily,

Many thanks for the update. Please do post the minutes of the conference calls, it is very pertinent to the program and its current situation.

Thanks again

Levaz

Posted: Sat Mar 31, 2007 2:54 pm

Most members must have got this message since it was mass mailed, but just in case, here it is.

Quote:

Dear Global Online Lender:

**** Important Request - Please Read! ****

We are asking for your support, prompt attention, and URGENT compliance to the following specific request. Please read this message carefully and take action as soon as possible, yet no later than the end of business on April 3, 2007.

In the interest of the most accurate information we can provide to the SEC and our CPA's, please log into your account and find a new link on the left-hand side of the page. It will read "Verifiable Payments".

The purpose of the new link is to assist us in establishing an accurate audit of the total amount of original principal that Global has borrowed.

When you see it, click the new link. Instructions are provided on the new page. Please follow them as accurately and with as much detail as possible.

IMPORTANT !!!!!!! Please NOTE !!

The figure(s) submitted must be verifiable by receipt(s) such as:
Canceled Checks, Bank Wire Confirmation number(s), Money Order stubs,
etc.

We are in need of "Original" loan principal amount(s) only. Please do not add referral commission, rollovers, consolidations, or bonuses of any kind.

Thank you in advance for your kind assistance in this very urgent matter.

Administrative Team
Global Online Direct, Inc.

P.S.
if you manage multiple accounts using the same email address, you will receive only one email notice for all of them, rather than multiple notices being sent to the same email address.

The worst-case-scenario: They may be obligated to refund ONLY the invested capital and this is one way of clarifying how much was pure capital.

Levaz

Apprentice Joined: 16 Oct 2006 Posts: 128 Location: NEVADA

levaz wrote:

Most members must have got this message since it was mass mailed, but just in case, here it is.

Quote:

Dear Global Online Lender:

**** Important Request - Please Read! ****

We are asking for your support, prompt attention, and URGENT compliance to the following specific request. Please read this message carefully and take action as soon as possible, yet no later than the end of business on April 3, 2007.

In the interest of the most accurate information we can provide to the SEC and our CPA's, please log into your account and find a new link on the left-hand side of the page. It will read "Verifiable Payments".

The purpose of the new link is to assist us in establishing an accurate audit of the total amount of original principal that Global has borrowed.

When you see it, click the new link. Instructions are provided on the new page. Please follow them as accurately and with as much detail as possible.

IMPORTANT !!!!!!! Please NOTE !!

The figure(s) submitted must be verifiable by receipt(s) such as:
Canceled Checks, Bank Wire Confirmation number(s), Money Order stubs,
etc.

We are in need of "Original" loan principal amount(s) only. Please do not add referral commission, rollovers, consolidations, or bonuses of any kind.

Thank you in advance for your kind assistance in this very urgent matter.

Administrative Team
Global Online Direct, Inc.

P.S.
if you manage multiple accounts using the same email address, you will receive only one email notice for all of them, rather than multiple notices being sent to the same email address.

The worst-case-scenario: They may be obligated to refund ONLY the invested capital and this is one way of clarifying how much was pure capital.

Levaz

How likely is it that this would result in Global returning only the principal? I am thinking this is more about the government wanting to be able to verify the depositers. Make sure they are real people, check for possible money laundering or even wrong people (terrorists, et. al.). Because they are seeking to get contact info for all who loaned money to Global. I am assuming Global will still have the right to pay in full all those who loaned money once this informal investigation is over. Wouldn't it hurt Global's image/reputation to renege on interest payments? My loans to Global are due to mature in July and I am content to allow all my interest to mature till then. I am just hoping matters will be settled by then, not dragged out for many months, or years. I remain cautiously optimistic.

Newbie Joined: 24 Feb 2007 Posts: 28

I agree Gpmkc, I don't think it 's about refunds, just getting their ducks in a row for the gov. Levaz did say 'worst case scenario' though, so I suppose that is still true-as a worst case (well, it could be worse than that, but I don't think it will be) and I do think they can probably prove what needs to be proven-at least one of the people involved knows something about the law.

Posted: Tue Apr 03, 2007 9:23 pm

Fortunately, the US govt. is interested only their own selfish interests, which does make it a problem for their citizens. They do not bother (care) about foreign citizens and their rights to fairness.

Back to the topic, we don't really know the inside story. We get snippets (aka marketing scripts) for the teleconferences. Everything should be taken with a pinch of salt (and any other applicable cliches!!)

Hope for the best, expect the worst, that way you are not disappointed.

Levaz

Newbie Joined: 16 Feb 2007 Posts: 44

You are correct, Levaz, in your assessment of the US government, particularily the minions representing the Patriot Act as law which protects its citizens. Orwell, indeed. Homeland Security has recently launched a massive police dog training program designed to protect citizens from the hordes of invading terrorists......it's name? Pups For Peace. Really.

I loved my trips to Canada as a kid. May I move there, please?

Posted: Wed Apr 04, 2007 1:58 am

uncle sam wrote:

You are correct, Levaz, in your assessment of the US government, particularily the minions representing the Patriot Act as law which protects its citizens. Orwell, indeed. Homeland Security has recently launched a massive police dog training program designed to protect citizens from the hordes of invading terrorists......it's name? Pups For Peace. Really.

I loved my trips to Canada as a kid. May I move there, please?

I don't really mind when any government tries to protect their own - What gets me is the very fact that all these laws just make it impossible for people like you and I to breathe - the #@$@#$ criminals still do what ever they please because they have the resources to circumvent all these precautions!! That really ticks me off.

I worked in Saudi Arabia for a couple of years, and they supposedly have very strict rules and regulations about booze and drugs. Believe me, I saw more drugs and booze there than I did in the street of Brooklyn Heights, NY. The Chief of the CID had one of the best bars I have seen in my life - this in a country where it is punishable by DEATH to have so much booze, and I have seen many private collection.

My point, and it was said very well in a movie, "The tighter you clench your fist, the more little grains of sand will escape your grasp!!"

You are always welcomed to Canada - just as we have welcomed many a US citizen in the past and given them protection from their own government!!

Levaz

Apprentice Joined: 16 Oct 2006 Posts: 128 Location: NEVADA

levaz wrote:

uncle sam wrote:

You are correct, Levaz, in your assessment of the US government, particularily the minions representing the Patriot Act as law which protects its citizens. Orwell, indeed. Homeland Security has recently launched a massive police dog training program designed to protect citizens from the hordes of invading terrorists......it's name? Pups For Peace. Really.

I loved my trips to Canada as a kid. May I move there, please?

I don't really mind when any government tries to protect their own - What gets me is the very fact that all these laws just make it impossible for people like you and I to breathe - the #@$@#$ criminals still do what ever they please because they have the resources to circumvent all these precautions!! That really ticks me off.

Hey! I was about to emigrate to Canada in 1972 when they cancelled the draft! But, with global warming, Canada may become the new Mediterranean. My success on the internet has enabled me to become semi-retired, so I can now go anywhere i want.

I worked in Saudi Arabia for a couple of years, and they supposedly have very strict rules and regulations about booze and drugs. Believe me, I saw more drugs and booze there than I did in the street of Brooklyn Heights, NY. The Chief of the CID had one of the best bars I have seen in my life - this in a country where it is punishable by DEATH to have so much booze, and I have seen many private collection.

My point, and it was said very well in a movie, "The tighter you clench your fist, the more little grains of sand will escape your grasp!!"

You are always welcomed to Canada - just as we have welcomed many a US citizen in the past and given them protection from their own government!!

Levaz

Newbie Joined: 16 Feb 2007 Posts: 44

Thank you, Levaz. Many years ago, your country gave safe haven to my brother as he escaped the horrors of Vietnam.

Plenty of professional folks I know here in the US have a great deal of respect and admiration for Canada's resolve to behave in a civilized manner. We only wish you would be more vocal toward Mr. Bush and his blatant imperialistic policies.

To better days......

Posted: Wed Apr 04, 2007 2:23 pm

uncle sam wrote:

Thank you, Levaz. Many years ago, your country gave safe haven to my brother as he escaped the horrors of Vietnam.

Plenty of professional folks I know here in the US have a great deal of respect and admiration for Canada's resolve to behave in a civilized manner. We only wish you would be more vocal toward Mr. Bush and his blatant imperialistic policies.

To better days......

With our new Conservative Right wing government, the chances of that are slim to none!! We have now officially taken over from Tony Blair as Mr. Bush's lap dog!! Sad

Sadly, economics seems to rule over morals these days. Harper and his cronies have escalated military spending - now we can get our troops some boots and then some guns!! The big Canadian joke - our UnArmed forces!! Smile

Levaz

Newbie Joined: 24 Feb 2007 Posts: 28

April 3 conference call, just as it was sent to me:

This is a synopsis of the April 3 conference call. Conference calls
are held on Tues and Thursdays every week:
Russ DeVan and A.J. Burzuk will be hosting conference calls to answer questions about Global. Calls will be held on Tuesday and Thursday nights at 9pm Eastern time (6pm Pacific, 7pm Mountain, 8pm Central). The audio conference dial-in number is 1-620-294-3000. Enter 2603 # when prompted by the operator.

You should have received an email directly from Global asking you to go into your account and click on a special link to verify your original loan to them. This is being done to help the SEC and the CPA do a proper accounting of original loans.

Please log into your account ASAP and click on the link you will see in RED and follow the instructions. Thank you!

The Call:

The call this evening was organized as follows:
1) update to Sec - relief, positive
2) general questions
3) voluntary audit - extended - 61% HAVE PARTICIPATED
4) procedures to communicate
5) sales
6) Open to questions.

1)SEC investigation:
Bry & Buck went to Washington DC to prepare for hearing on Thursday (hearing was cancelled because of all the 'open' dialogue) ... this was GREAT news!!!! - GOOD open working relationship with SEC to be in
full compliance
- NOT ADVESERIAL - 'good dialogue with SEC'
- Russ has spent 2 incredible weeks - will go home for Easter weekend - is excited to come back after weekend.

2) Common Questions:
- HOW LONG ... until the SEC is satisfied (don't know)
- WHEN will withdrawals resume .... not untils SEC says so.
- Will LOAN program continue ... that is contingent on what the SEC says
a)TOP Priority - no one will lose money Global is "not FIGHTING", not resisting, yes there are attorneys ... this is not coming out of 'our'
money.
b) GROWING/prospering = SALES/PROFITS to us.

3) Voluntary AUDIT
- just enter the information that you can & be prepared to get the actual reference number (if you don't already) so it is available when NECESSARY!!
- you do still have a bit of time to get the verification info.

IF YOU HAVE NOT YET ENTERED THE VERIFICATION INFO, PLEASE STILL DO THAT ASAP!!!!!!!!!!!!!!!!!

4) Procedures for communication:
- start any phone message with YOUR NAME & phone # & then a SHORT message with the pertinent info.
1ST CHOICE IS EMAIL!!!

5) SALES:
AJ had not been to H.O. since Sept - He said the progress was wonderful - the warehouses are well prepared.

Hello to any doubters ... while AJ was at HO, he tookmany photos of the whole operation

-stuff about the BIAB
- stuff about the TV studios - home shopping club, EBAY
- sorting procedures of the inventory
- the PENDLETON set-up
The GLOBAL GAZETTE is coming!!!

BIAB (Business in a Box) is part of the soluntion but you do not HAVE to participate ... it is your CHOICE!! Global is going to offer lots of profit centers - ways to profit !!

At LaGrande - TV studio - home shopping, IPTV (International Products), informercials, demos for beta programs, Global has magnificant sources of suppliers & LOW prices to us & public!!

IF YOU CHOOSE;
BIAB has 4 options:
1)Sign up to be a referring member & a wholesale consumer
2)Independant Sales Consultant (Consignee) - just want to have your own business
3)Both of the above
4)Conusmer only at great wholesale prices.

VISION: Wthin 1.5 years there should be 10-12,000 BIAB at $1000/wk = $1BILLION in sales.

What's this have to do with me (the loan-er) ... SALES pay out the interest to LOANS ... folks.

At this time Russ is very happy, relieved, tired, proud, - through a very important 'right of passage'

Russ is very appreciate of you all in this very trying time. THANKS.

See you on Thurs....

Newbie Joined: 16 Feb 2007 Posts: 44

Thanks, Emily, for the update.

Well, I am trying to be cautiously optimistic regarding the outcome of the SEC investigation, but some things still bother me about Global's business practices.

If they truly wanted to promote the BIOB opportunity, there would be a link on the main site and a professional splash page detailing the program. (perhaps I missed the entire marketing campaign?)

I mentioned this in another Forum-----the check sent to me from Global was in a $4.55 priority envelope-----when you consider the ordinary expenses associated with paper check processing, the decision to use an expensive payment delivery system is simply poor business judgement.

Any financial officer would put an immediete halt to such excessive expenses.

Alright then, good luck to us all.

Newbie Joined: 24 Feb 2007 Posts: 28

April 10 conference call and a members opinion that was included in my email notice:

"April 10 Russ's call - the outline:

1) SEC update - press release - meetings all afternoon with the SEC people & Buck & Bry
2) Communication
3) BIAB

1) SEC
- voluntary consent agreement is in place
- civil complaint has been released for selling 'securities' (1990 ruling - anytime 2 or more people pool money for business and profit, you have a 'security' ...therefore, loans are un-registered securities)

Apr 9 there was a press release about the above.

The SEC is contacting members at random - if they contact YOU, just answer the questions truthfully!! - please don't use this as a complaint cushion - you could hurt us all!!

a) SEC is allowing NO distributions of any $$$$ for the time being until the actual principal loan figure is established (so I hope you have filled in the voluntary audit (your original loan) that Global has requested ... if not, please follow the link (in your back office) and do this ASAP)

b) Global is proving inventory & the business plan to SEC (capability to repay all loans)

**CO-OPERATION IS VERY HIGH!!!**

2) Communication
Russ & AJ are still getting random calls for updates - please come to the weekly conference calls - all is being told that can be told!!

Russ: "I believe everything is going to be fine"

3) BIAB - 1700 are ready to go ... soon to launch.

AJ's article is coming very soon.

$$$$$ can be made as a sales associate; referrer fees

In the USA there are 30,000 fundamental Baptist churches that are anxiously waiting to get started for FUND-RAISING .... heads up !!!

Ron Reddick - "why should you be excited"
- small businesses in small towns ... already have store fronts ... can now compete with 'Walmart' - enhance garage sales

****** referral fees for ANYONE - 5%
-stores can advertise 50-70% off

http://mybizboxnow.com

That's all for now ....

---------------------------------------------------

FOLLOWING IS FROM A GLOBAL MEMBER THAT WISHES TO REMAIN ANNONOMOUS ... (ie: does not want notoriety)

Email from a Global Member

I said I would keep you up to date as to anything that comes my way.

What I am going to share here is pretty much just my opinion and my take on the happenings between

The SEC and Global.

I talked to Glen, the programmer for Global, today for an hour, and he is as frustrated as everyone over the Harassment that is taking place with a group of people at Global ( Buck and Bry and Glen and all the remainder of the Global Team) who are 100% COOPERATIVE and COMPLIANT with all
the requests.

I went online today to the US Securities Commission Website and printed off the Civil Action filing of the SEC. Here is my take ( My OPINION and MY VIEW ONLY):

#1. The Civil suit is filed in the NORTHERN DISTRICT OF GEORGIA (Because a few people in that jurisdiction have invested in Global). MY question is WHY is there ONE SUIT and filed in ONE NORTHERN DISTRICT when Global has been doing business in over 100 countries, and THOUSANDS of DISTRICTS in the US.

#2. I went through ALL 17 PAGES of the Action PLUS 2 others and THERE IS NOT ONE THING IN THE 19 PAGES that is not TOTALLY APPARENT to EVERY PERSON that has ever become INVOLVED in GLOBAL. They state that TWO SECTIONS of the SECURITIES were VIOLATED in the NORTHERN DISTRICT OF GEORGIA- those both having to do with "SELLING SECURITIES" that were NOT REGISTERED with the SECURITIES COMMISSION. Myself and NO ONE that I know of that invested with GLOBAL were EVER UNDER THE ASSUMPTION or PRETENSE that they were 'BUYING SECURITIES". WE all knew it was a 'HIGH RISK' LOAN offered to Global.

#3. Out to the 19 pages , 16 of them are SIMPLY COPIES OF GLOBAL'S WEBSITE and what they do and what they offer. ???????

Everyone ALREADY KNOWS THAT.

#4. After talking to Glen and following as closely as possible to the goings on in this dispute , I CONTINUE to be 100% CONVINCED that Buck and Bry and the entire GLobal team are 100% ABOVE BOARD, HONEST and TOTALLY WELL MEANING in Making Global a ONE BILLION DOLLAR COMPANY.

When Buck was in Calgary on his tour in the fall he said the ONLY thing that could HARM GLOBAL is a CATASTOPHE like 9/11 OR UNCALLED FOR AND UNNECESSARY GOVERNMENT INTERFERENCE. What is the ACCOUNTABILITY for these PEOPLE when Global is found to be above board in all of their business practices????? NONE

#5. Glen said that GLOBAL has an AWESOME LEGAL TEAM that Know that Buck and Bry and the Global Business is on the UP and UP and they will do everything in their power to bring this to a quick and positive conclusion.

I believe in BUCK and BRY and their team - HAVE DONE SO FROM THE START - and will do what I can to help the SOLUTION. More PROBLEMS is not what is needed at the present time.

That is my take , MY OPINION only.

Go to LAGRANDE YOURSELF ( perhaps 8000 people showing up and supporting Global would do the trick) and get on the calls on TUESDAY and THURSDAY EVENINGS.

Cheers and Best Wishes"

Newbie Joined: 16 Feb 2007 Posts: 44

Thanks again, Emily, for taking the lead and providing up to date info on Global. Luckily, I have managed to free up some time and will be able to attend the conference call tonight.

The anonymous poster gives us some interesting insight into the situation, but in the end, it best shows how US regulatory agencies continue to operate in an arbitrary and capricious fashion.

Let's hope there is some wiggle room for Global----a good legal team CAN make a difference here.

Good luck to us all.

Newbie Joined: 24 Feb 2007 Posts: 28

April 19, 2007, from conference call as I understand it:

From my sponsor:

Hello Global Friends,

The report from the 'monitors' is now filed with the Judge ... it is now up to the Judge.

Russ asks for our support, and courage to stay calm... remember this is an amicable investigation and a voluntary informal investigation.

The QUESTION is ... Was Global selling unregistered securities?

GOOD note to remember ... the hearing last week was cancelled cause it wasn't needed.

All that the SEC has done is filed a complaint. (It all has to do with the case in 1990 that went to the federal supreme court (loans were collected for a farm business) ... this created a regulation out of one case only... THAT alone is a point of contention. ... BUT Global did not fight (that could have cost millions) Instead they signed a Consent Order (NO ADMISSION OF GUILT - just an OOOPPPS .. OK now what do we do?)

The 'monitors' (a team of accountants) were hired by GLOBAL to create a report by this past Monday - they got an extension whilst the GLOBAL people worked around the clock for 72 hours to get all their info to the 'monitors' on time only to have it delayed for 2 days...

Russ's sense is that we will come thru this with these priorities:
1) members lose NO money!!
2)profits continue but the $$$$$ depends on what the judge decides.

If the judge decides that all principal has to be paid back immediately, our profits will be cut dramatically!!!

*****WATCH the site for updates ... take a look at the pictures ... (I KNOW these to be real as I saw the warehouses ... just not as much stock in Oct/06)

BIAB is ready to go after the judges decision.

Again, Russ is asking for the genorisity of spirit/patience, he is telling all the truth. (He offered his house to anyone that can prove he is dishonest/lying).

"We will do everything to secure principle , continue profits and be here for years to come."

Newbie Joined: 24 Feb 2007 Posts: 28

Received April 24, 2007:

Hello Global Friends;

A quick update from Russ - he is feeling very good about our current position.

- 'monitors' requested the stop of distribution of product
- this was challenged by Global legal team
- entire report from the monitors was contested

*** Thurs meeting with the Judge, Global, 'monitors' The judge needs to make a decision - hopefully this week.

Good news - The SEC is very powerful. They usually 'shoot first and then ask questions later' ... ie:
they could have shut us down by now if they intended to do so.

Russ again stated the UNUSUAL HUGE integrity this company has ....COMMITTED TO MEMBERS TO NOT LOSE MONEY but RATHER GET BACK TO BUSINESS AND MAKE EVERYONE LOTS OF MONEY!!!

CANADIANS please note that the Canadian SEC is doing their own bit of investigation ... they are phoning some LENDERS and asking about your INVESTMENTS and how you feel as an INVESTOR.

Please remember you have NEVER been an INVESTOR ... rather a LENDER to an unsecured loan with a promise to receive interest.

SHOULD YOU RECEIVE A CALL, IT WOULD BE TO YOUR BENEFIT TO USE THE CORRECT VERBAGE.

Russ believes that the hold on shipping of product has been lifted and BIAB should rock soon!!! We should have more confirmation by Thursday

SEND good energy to the judge!!
******************************

If you'd like me to stop posting these, please let me know-