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Non-Tech : LVEN:NASDAQ--Las Vegas Entertainment Inc.

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To: John J. O`Reilly who wrote (181)8/24/2000 9:21:18 PM
From: Janice Shell  Read Replies (2) of 228
 
Many thanks!

lol, I just LOVE Dr Fred:

Despite the split with LVEN, Cruz's company, Countryland Wellness Resorts Inc. of Las Vegasa, has continued with its unusual financing activities. In May, Countryland said in an SEC filing that it had sold mining interests in Plumas County, Calif., for $2.7 billion in treasury bills and certificates of deposit.

The T-bills and CDs weren't backed by U.S. dollars, but by the "Dominion of Melchizedek," a self-identified "ecclasistical (sic) sovereignty" that claims sovereignity over several small islands in the Pacific Ocean and portions of Antarctica. The sale, Countryland's filing stated, would allow the dominion to issue Internet-based and printed currency backed by gold.

Countryland now lists its assets at $2.7 billion, as it claims "Dominion dollars" are exchangeable one-for-one into U.S. dollars. However, it said repayment of the T-bills would be dependent on the successful development of the Plumas County mines.


Did you know that his friend and business partner Fernando Juan, an ambassador for the DOM, was briefly slated to become CEO of CHCL? It, ah, didn't work out...

The world of penny stocks is amazingly small.
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