Banned.......Replies to the A@P thread. Message Board

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Strategies & Market Trends : Banned.......Replies to the A@P thread.

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To: Louie_al-Arouri who wrote (475)	12/11/2004 12:20:15 PM
From: Jeffrey S. Mitchell	Read Replies (2) of 5425

THERE ARE TWO TRANSACTIONS IN QUESTION. ONE is POST 9/11, ONE WAS PRE-9/11. The amount in the Children's Trust was $300k. The TOTAL of BOTH TRANSACTIONS, pre AND post 9/11 is $6 MILLION. Do the math. Since you like the ABC approach, let's do that. A. Elgindy had trust accounts for his kids at Charles Schwab and Salomon Smith Barney. We know the order to liquidate them was given just prior to 9/11 but carried out post 9/11 (which, I agree, should be referred to as "post 9/11"). B. Cleveland stated he was told $6M was liquidated from those same two accounts "shortly before Sept. 11". C. Even if we believe Cleveland that it was $6M (and not $300K), it attaches the $6M to the child trust fund liquidation, not any other transaction (which you refer to as "pre 9/11") D. Ergo, whether you believe Cleveland or not, for your math to work re the $6M wire, you'll have to come up with another $6M. As the only mention of such a figure has been disproven, good luck finding another. - Jeff P.S. The powers that be have now given you the opportunity to post five times a day and not three. You're welcome.

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