Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (22969)	10/25/1998 8:33:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>Who in the hell would buy this Junk? Widows and orphans. I heard that Morgan Stanley has a boiler-room in Jersey that was set up with the sole purpose of foisting this paper in fifty-dollar lots on unsuspecting innocents during the dinner hour, under the ruse that the buyers were actually contributing to the Save the Children. Imagine.

To: H James Morris who wrote (22969)	10/26/1998 8:44:00 AM
From: Glenn D. Rudolph	Respond to of 164684

It was suggested that this Junk might have been kept inside Morgan Stanley!! The more I follow this 'Thing' I feel I'm on an Incest investigation. Kleiner,Perkins registered to unload millions of $$$ on the naive investor!. The Wal-Mart, Cio who allegedly stole WM's proprietary software and is already registered to sell $3.3 mil of the 'Things' stock!! If Bezos won't let anyone of his employees talk to the press. I wonder if he'll speak to the SEC?? By the time that happens this Billionaire.con man will be on the Cayman Islands and Wal-Mart, SEC, Junk bond holders or stockholders can't touch him there. James, I have been bothered for some time about this junk bond offering done by Morgan Stanley. The initial offering was all done as an off shore offering and did not need to be registered with the SEC nor was the IRS privey to look at the offering. I cannot think of a good reason for the initial offering to be of shore except for one. That is money laundering. This is speculation and although may sound bizzare I believe it is possible. Let's say Amazon needs cash which is not disputed. The preferred method was not a secondary to cause dilution. Bezos and Morgan Stanley discuss a junk bond offering. Morgan Stanley puts feelers out to see if there would be buys for these bonds. They find their wealthy clients were not interested it buying a bond with such high risk. Therefore, a standard offering in the US would have failed. The next approach was to find an incentive to have the bonds purchased. What about the drug "lords" and others with lots of cash but they cannot place this cash in US banks and brokerage houses in an amount above $10,000.00 without filing a form with the IRS. These people with a ton of cash that needs laundered were more than willing to take a risk of buying a bond that may decrease in value. The bonds are offered off shore and many are bought with large amounts of cash. Two months later Morgan Stanley, as promised to the "off shore people" register the bonds with the SEC. The bonds may now be traded in the US. These people bring their bonds to their brokerage houses, etc. and sell them at a discount and the proceeds end up in their brokerage accounts or their bank accounts. We have now smoothly laundered billions of dollars into bank accounts that my be freely spent here. I am not stating that Morgan Stanley with their "squeaky clean reputation" as stated by William, would do this. It is a way to raise cash for a good friend Amazon with bonds that would never legitimatley sell in the US. I would be interested in hearing an explanation by anyone about why these bonds were sold off shore and registered here in two months. Secondly, who else would have bought these bonds? Glenn