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To: Zardoz who wrote (68147)	4/23/2001 6:38:49 PM
From: goldsheet	Read Replies (1) \| Respond to of 116764

> Leasing is not an increase in supply, just a movement forward in time Made a similar point the other day. Maybe gold was going to head down to the $250 level based on long-term supply/demand characteristics and leasing/forward sales may have just hastened the process (time shift) Forward sales appear to have stopped (based on 2000 GFMS data), so I guess the next step is to see if everything already leased can be handled (closed, delivered, restructured) in an orderly manner, or if we will get market disruptions (short squeezes, Chapter 11s, etc.. )

To: Zardoz who wrote (68147)	4/25/2001 8:24:05 PM
From: long-gone	Respond to of 116764

OT Tuesday April 24, 11:20 am Eastern Time TheStandard.com Do Bail Bondsmen Take Cisco Options? By Jen Muehlbauer Take a moment and picture a well-heeled Cisco executive sharing a prison cell with Eminem. It's not gonna happen, but former Cisco VP Robert Gordon is just as busted as the gun-toting rapper. He is accused of embezzling more than $10 million from the increasingly harried networking company. When Cisco put Gordon in charge of "business development," that's probably not what they had in mind. According to the FBI, the fraud involved fancy stock transfers, an offshore account in the Bahamas, a fictional venture capital firm and the blissful ignorance of two Cisco partners. (See the San Jose Mercury News for the fullest account.) Upshot: fraud in interstate commerce, and that gets you a $250,000 fine and up to five years in the clink. Gordon made his first court appearance on Monday, said the Merc, and was released after posting a $5 million cash bond and his $1.6 million house as collateral. Cisco, meanwhile, is enthusiastically cooperating with the probe and gave Gordon the boot earlier this month, unsatisfied with his justification for the funny stock transfers. Gordon, in an egregious example of buzzword abuse, told a Cisco security manager that the money shuffles were merely evidence of "thinking outside the box." While Gordon wondered whether he'll do time in a box, Cisco chief executive John Chambers volunteered for a rather hefty pay cut. He'll take $1 in salary this year, a symbolic gimmick that has served Apple's Steve Jobs well in the past. The Globe and Mail's Mathew Ingram, writing from the home country of Cisco's Canadian competitor Nortel, suggested that Nortel's CEO follow Chambers' lead. Some see $1 salary stunts "as a totally bogus public-relations inspired move - especially when many of the CEOs who make these kinds of offers don't mention that they plan to hang on tight to all those options they were granted at ridiculously low prices," said Ingram. But, added Ingram, shareholders love it. Shareholders, remember them? Speaking of low-priced options, don't expect the amazing $1 Chambers to start returning Coke cans for the nickel deposit. "He has another $779 million worth of exercisable share options in Cisco and a further $346 million in options that have yet to mature," noted the Times of London. That's enough to bail several wayward colleagues out of the slammer. biz.yahoo.com

To: Zardoz who wrote (68147)	8/6/2001 2:00:43 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

bet there is some supply here Princely prices in world's biggest garage sale By Cahal Milmo 03 August 2001 For Sale: Trove of 10,000 items ranging from priceless jewels to unused fire engines and hardwood toilet seats. Current owner forced to sell due to family dispute over £500,000-a-day spending habit. A huge stock of luxury fixtures and fittings built up by playboy par excellence Prince Jefri Bulkiah of Brunei is to be auctioned next week after being catalogued by a firm of British valuers. They are the assets of the prince's company Amedeo Development, which collapsed three years ago with debts of £4bn. The world's most exclusive garage sale, worth an estimated £2bn, was forced by a falling out between Prince Jefri and his brother, the Sultan of Brunei, until recently the richest man in the world. An international lawsuit was launched last year by the Sultan against his brother for allegedly embezzling up to £2bn from the oil-rich state's coffers and squandering around £28bn. The Brunei Investment Agency, which administers the Sultan's assets, has seen its reserves fall from as much as £65bn in recent years to a value of around £25bn. But an embarrassing showdown was averted by an out-of-court settlement under which Prince Jefri agreed to give back most of his assets, including the vast stash built up by Amedeo Development. Housed in 21 separate warehouses across Brunei, the trove consists of furnishings and baubles destined for a chain of luxury hotels and royal palaces. It includes flight and race car simulators, including one for a Comanche helicopter, a couple of recording studios and 100 Italian chandeliers worth £35,000 each. A spokesman for Smith Hodgkinson, the London-based auctioneers called in to value the haul, said: "It has taken six weeks of constant work just to finalise a list of what is in the warehouses. The auction catalogue lists lots from the tasteless, 400 black and gold Victoriana lamp-posts, to the excessive, 200 refrigerators and 16,000 tonnes of Italian marble and granite. As well as two Mercedes Benz fire tenders (mint condition), there are several hundred Louis XIV-style gilt chairs, cabinets and mirrors, and a fleet of forklift trucks. The auction takes place in Brunei over six days from August 11. Prince Jefri, who is estimated to have spent £500,000 a day for the last ten years, famously named one of his yachts Tits with two tenders, Nipple I and Nipple II. news.independent.co.uk