WHERE TO BEGIN......I AM SO GLAD I STUMBLED ACROSS THIS SITE. I AM NOT AN INVESTOR OF ANY OF THE COMPANIES MENTIONED HERE (THANK GOODNESS) BUT, I HAVE SEVERAL FRIENDS WHO ARE. OF EVERYTHING I'VE READ, THERE IS SELDOM ANYTHING WRITTEN ABOUT ENGENUITY, VALUE CAPITAL, RAYHAR, AND MIWI. AS I UNDERSTAND IT, ST. GEORGE ENGENUITY IS SET UP LIKE THIS.....VALUE CAPITAL (KURT VANDERSLICE, MARTY WILKINSON) AND RAYHAR (MIKE ISOM) RAISED MILLIONS OF DOLLARS FROM ACCREDITED AND NON ACCREDITED INVESTORS. AN INTERESTING FACT IS THAT ALL THREE OF MY FRIENDS WERE SIGNED UP AS ACCREDITED INVESTORS. AN ACCREDITED INVESTOR HAS A NET WORTH OF $1,000,000 OR A PERSON WITH AN ANNUAL INCOME FOR THE TWO MOST RECENT YEARS OF $200,000. WELL, NONE OF THEM MEET THAT CRITERIA. IN FACT, IF THEY PUT ALL THEIR RESOURCES TOGETHER THEY STILL WOULD NOT MEET THE CRITERIA. SO VALUE CAPITAL AND RAYHAR GIVE THEIR MONEY TO MIWI (MIKE ISOM....AGAIN). MIWI THEN LOANED THE MONEY TO GUESS WHO........? FOUNDERS CAPITAL (RICK KOERBER). THIS DOESN'T LOOK LIKE A PYRAMID SCHEME WHEN DRAWN OUT ON A PAPER DOES IT? FROM REPORTS, FOUNDERS CAPITAL STOPPED PAYING MIWI SOMETIME IN JULY OF 2007. THIS IS WHAT'S INTERESTING. FOUNDERS CAPITAL APPARENTLY OFFERED TO PAY MIWI BACK ITS INVESTMENT SOMETIME IN 2007 OR CONVERT ITS INVESTMENT INTO EQUITY IN FOUNDERS CAPITAL. GUESS WHAT...THEY CONVERTED IT TO EQUITY. SO LETS POINT OUT SOME THINGS HERE. ENGENUITY, WHICH IS (VALUE CAPITAL, RAYHAR, MIWI) IS A FINANCIAL ADVISOR. OK, WHAT FINANCIAL ADVISOR IN THEIR RIGHT MIND WOULD BUY INTO A COMPANY (FOUNDERS CAPITAL) THAT COULDN'T PAY INTEREST PAYMENTS ANYMORE. ESPECIALLY WHEN THEY WERE OFFERED TO BE PAID BACK THE FULL INVESTMENT? THAT'S ONE OF THE HUNDREDS OF QUESTIONS INVESTORS WOULD LIKE TO KNOW BUT, THERE IS NO COMMUNICATION FROM ENGENUITY TO THEIR INVESTORS ON TOUCHY SUBJECTS LIKE THIS. THE COMMUNICATION LETTERS THAT I HAVE READ BASICALLY SAY, WE CANT PAY AT THIS TIME, SORRY. WHY IS ENGENUITY SO QUIET WHEN ASKED WHEN FOUNDERS CAPITAL IS GOING TO PAY THEM BACK? PROBABLY BECAUSE THEY DON'T WANT YOU TO KNOW THAT THEY USED YOUR INVESTMENT DOLLARS TO BUY A BIG CHUNK OF FOUNDERS CAPITAL. THE THREE FRIENDS OF MINE WERE TOLD THEY WERE INVESTING IN HOMES, NOT BUYING FOUNDERS CAPITAL. THEY WERE TOLD THAT SOMEWHERE OUT THERE, THERE WAS A HOME BACKING UP THE INVESTMENT THEY MADE WITH AT LEAST 20% EQUITY IN IT. THE OWNERS OF THESE COMPANIES STILL HAVE THE FANCY CARS, TOYS, AND THEIR HOMES WHILE THE INVESTORS LOSE EVERYTHING. I WILL SAY IT LIKE I SAID TO MY THREE BUDDIES. IF YOU INVESTED WITH THESE COMPANIES YOUR MONEY IS GONE. YOU MAY SEE TOKEN PAYMENTS FROM ENGENUITY TRYING TO MAKE GOOD EITHER ON THEIR OWN OR FORCED BY THE LAW BUT, IT IS HIGHLY UNLIKELY YOU WILL SEE THE TOTALITY OF YOUR INVESTMENT AGAIN FROM THIS HOUSE OF CARDS.
W.T. CRAIG
ST GEORGE UTAH
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