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FRANK STRONACH: WHY DID THE MAGNA CHIEF RING THE SOLICITOR SELLING MY FLAT AND OFFER HIM A JOB AS JUSTICE MINISTER?
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*Frank Stronach, CEO of Magna, rings solicitor handling the proceeds of the sale of my flat and offers him job as justice minister and chauffeur-driven car *Phone call happens almost immediately after I sign the contract *Bizarre call comes to light after I return to sign a second document: Schwechat solicitor tells me openly about it *Stronach has strong links to Oleg Deripaska and Nat Rothschild *Is Stronach trying to influence my solicitor. For what purpose? Are there plans afoot to defraud me of the proceeds of the sale of my flat?
Some might think I would be flattered to know that Frank Stronach, Magna CEO, and friend of Oleg Deripaska and Nat Rothschild, think so highly of the solicitor handling the sale of my flat in Vienna that he rings him in person a couple of days after I sign the contract, and offers the solicitor a job as a justice minister with a chauffeur-driven car.
Funnily, it made feel rather queasy. It is a queasiness mixed with pleasure, though, because Stronach’s very unusual phone call to a small town solicitor based in Schwechat outside Vienna could be construed as an attempt to put out feelers to see if he could bribe or blackmail the solicitor to defraud me of the proceeds of the sale of my flat.
Back to the beginning of this unlikely tale, which offers yet more insights into how Globalists and their shadowy network operate and why I have had so many problems in Austria since I filed charges against Baxter in 2009 for contaminating 72 kilos of seasonal flu vaccine with the deadly bird flu virus in their biosecurity level 3 lab in Orth an der Donau and since I warned people the pandemic vaccine recommended by Austrian Health Minister Alois Stöger was damaging.
On Friday, 27th of July, I signed a contract with a solicitor for the sale of my flat. The solicitor based in Schwechat, a small town outside Vienna, was chosen not by me but by the buyer of my flat.
On Tuesday, 31 st of July, I had to go back to the solicitor’s to sign another document – only to find to my amazement that Frank Stronach, the Globalist CEO of Magna and associate of Oleg Deripaska and Nat Rothschild, had rung in person and offered the very same solicitor a job as a justice minister and a new chauffeur driven car!
The solicitor in question, a widely respected and competent man, told me openly about the call. That gave me opportunity to explain to him something about Stronach’s links to Oleg Deripaska , close associate of Nat Rothschild. I was able to give some useful background in what proved to be a very interesting chat, and one Stronach probably never imagined would take place. Poor man!
Deripaska, a major stake holder in Stronach’s Magna, is a well known friend of Nat Rothschild, even sharing trips to Russia with him. http://www.telegraph.co.uk/news/poli...-business.html
In August 2008, Deripaska and Rothschild were joined by the ilustrious George Osborne, Peter Mandelson and Rupert Murdoch during their holiday in Corfu. http://whoknowswho.channel4.com/stor...sian_oligarchs
Deripaska bought a 1.1 billion euro share of Stronach’s Magna empire in 2007. http://www.profil.at/articles/0719/5...konzern-russen
Former Magna executive Siegfried Wolf now works for Deripaska. Stronach has proposed Wolf as the new chancellor. http://www.wirtschaftsblatt.at/home/...37983/index.do
Is it a coincidence that Frank Stronach rings a solicitor in such an out of the way place as Schwechat so soon after I sign a contract with him to handle the sale of my flat?
Is it a coincidence that Stronach offers this solicitor a job as a justice minister and a chauffeur-driven car?
I allege it is not a coincidence that Stronach chose to approach this one solicitor out of the thousands and thousands of solicitors in Austria. I allege it is not a coincidence he did it just after I have signed a contract allowing the solicitor control of the funds of my flat. I allege it is another brazen attempt by Stronach and the Globalists like Nat Rothschild to exercise undue influence on the solicitor in order to persuade him to sabotage the money I set to get from the sale of the flat.
The motive is clear: Globalists have every reason want to stop all my funds including the funds from the sale of my flat because my blog exposes the many crimes of the global elite such as the pandemic vaccine poison and the fractional reserve banking scam. I have not only exposed the pandemic vaccine and fractional reserve crimes – I have had to do it at almost all at my own expense, though virtue has its own reward.
I allege Stronach rang on the orders of Nat Rothschild the solicitor to test the waters see if he would be open to his advances, bribes and promises power and money, and eventually to whether he would be willing to use his authority to defraud me of the proceeds of the sale of my flat.
Given all the evidence, I certainly I don’t believe Stronach was seriously looking for a Justice Minister for his new puppet party. Stronach himself says he will only finance a political party so long it fulfils his – or rather Rothschild’s — policies. Stronach’s BZÖ has been involved in every type of corruption, including the Hypo Alpe Adria fractional reserve scam at the expense of the tax payer.
The solicitor seems to be a competent and widely respected man, and would certainly act a vote catcher. But what chances does Stronach’s new puppet party have of winning significant votes in the next election and putting up the Justice Minister barring massive voter fraud? Why look for one so early in the middle of the summer holidays? And why in Schwechat of all places?
Stronach never reckoned with the solicitor telling me about the call when I had to go back to sign a second document at the solicitor’s office on Wednesday.
But then Stronach and his clique have constantly got it wrong.
It was Stronach, after all, who funded the miserable failure of the Occupy Austria movement according to Stronach’s puppet Professor Franz Hörmann own statement when I met him and others in the Cafe Blau Stern in Vienna in August 2011. As I predicted on my blog, Hörmann took over leadership of a movement for sound, public money only to discredit it by his “sudden” extreme ring wing views. Hörmann is a puppet of the Global elite who control the Vienna state prosecutors and that is why Hormann was not convicted for Holocaust denial, after all, in spite of the overwhelming evidence he did just that.
Stronach is man who has his finger in every pie in Austria.
The question is: How many other people does Frank Stronach ring behind my back?
Did he ring Lukas Kenner, the government paid researcher, who tried to psychiatrise me twice in 2010 without having met me?
Did he ring Bandion-Ortner or Judge Michaela Lauer to impose a court guardianship in 2010 on the basis of a lie?
It is time for the Austrian police to investigate. I have a right to be protected from this criminal ring which has forced me to leave Austria because the country has become so dangerous to me .
Fortunately, there are some in Austria who seem to be drawing the right lessons.
Police applying for top jobs in the new police reform will no longer be automatically excluded if someone files an anonymous charges against them – a favourite tactic of the Globalists. Chew on that Stronach and co. You can hear the jail doors clanging, can’t you? http://www.kleinezeitung.at/steierma...e-besten.story
The OVP is pushing a genuine democratic reform giving the people a greater voice in politics. Hopefully, they will vote to tax Stronach and the rest of the super elite at a rate of 99.9% in a referendum! Take the money they use to corrupt politics and people from them! http://www.oevp.at/mikl-leitner/index.aspx?pageid=60901
The abuse of the court guardianship process have been recognized and calls are growing for a reform. http://diepresse.com/home/politik/in...-um-Sachwalter http://www.noen.at/news/chronik/Ein-...;art151,403423
I hope someone reads this and draws the conclusion it is time to investigate the activities of Frank Stronach.
Heres an oldy but a goodyFrank Stronach may have thought that he'd avoid too much press comment by putting out a press release on his latest chimerical reorganization plan the day before Thanksgiving, but, unfortunately for him, the media and the markets were still wide awake.
The plan, in the unlikely event it's actually completed, would leave Stronach firmly in control of the race track company Magna Entertainment, and would take another Stronach entity, MI Developments, and its unhappy minority shareholders, out of the business of sinking ever more money into Frank's flawed vision. But it's a long way from putting out a press release to realizing the plan in practice.
Even though the press release only appeared online at 11:26 this morning, it's already been well reported by, among other,Ray Paulick, the New York Times,the Thoroughbred Times and the Toronto Globe and Mail. Generally, the story has been presented as a way for the minority shareholders in MI Developments, who have been mightily aggrieved as that company continued to throw good money after bad in Magna Entertainment, to get out and limit their exposure to the race track business. The stock market reacted very positively, with Magna Entertainment shares up over 40% for the day and MI Developments gaining almost 20% as well.
But in fact, when one starts to look more closely at the plan that Magna announced, it becomes clear that the chances of the reorganization plan's actually happening are virtually nil. Let's look at the plan in a little more detail and see why that's true.
Step 1 of the plan is for MI Developments to lend even more money to Magna Entertainment, on top of the $310 million or so that it's already lent. The plan calls for a new $50 million loan for working capital, plus up to $75 million additional to pursue a slots license for Laurel Park in Maryland and build an interim casino if the license is approved. So MI Developments would be on the hook for over $400 million in total.
And there's no assurance that, in fact, Laurel will get the slots license. Maryland politics is nothing if not Byzantine, and Stronach may not have the right connections. According to the plan disclosed today, the $75 million for Laurel slots would be guaranteed by Maryland Jockey Club assets (Laurel and Pimlico) and would be repayable immediately if the license is denied, but where would the cash come from at that point?
Magna also convinced the Bank of Montreal to extend the due date on its $40 million loan to the end of March, 2009, in exchange for a $1.75 million fee. If one adds up all the fees that Magna Entertainment has paid for multiple extensions of this loan, one might well conclude that it would have been cheaper to get the money from the nearest loan shark. At the same time, MI Developments has extended the due dates on its various loans to Magna Entertainment, totaling some $300 million-plus, to the same end of March deadline, in exchange for yet more fees. And, to conclude Phase 1 of the plan, Magna Entertainment made a cosmetic proposal to use "commercially reasonable efforts" to sell some of its reace track properties.
So, all of Phase 1 is actually about pumping more MI Developments money into Magna Entertainment. Good for Frank, perhaps not so good for other shareholders.
Phase 2 of the plan is where things start to get problematic. For this phase, approval by MI Developments shareholders is required, but, since Stronach controls MI developments, that's virtually assured.
In Phase 2, MI Developments, which is basically a real estate company, promises to buy Magna Entertainment's non-race track land in Aventura and Ocala, Florida and Dixon, California, plus the land underlying the Gulfstream Park hotel-shopping-condo development, at fair market value. Wonder who's going to determine what that value is in a free-falling real estate market? The Magna press release values the land at $100-120 million and says the proceeds will be used to retire the Bank of Montreal debt, but who knows? In addition, MI Developments would extend the due dates on its outstanding loans to Magna Entertainment to December, 2009 and would allow Magna Entertainment to pay off the loans not with cash but with -- surprise! -- Magna Entertainment stock. Just what the dissident shareholders in MI Developments most wanted for Christmas. In exchange for agreeing to the loan extension and the ability to pay off the loans with possibly worthless stock, MI developments would get a promise from Magna Entertainment that it wouldn't ask for any more money from MI Developments unless the new loan was approved by the minority shareholders in MI Developments. Such a deal!
In Phase 3 of the plan, we get to the wholly imaginary. That phase would begin when Magna Entertainment pays off some $295 million in convertible subordinated debt. Where the money to make those payments, due in 2009 and 2010, would come from is completely unclear, but only if those payments are made would Magna Entertainment pay off its debt to MI Developments (presumbly in stock rather than cash), issue new shares to Stronach and spin off Magna Entertainmnt shares now held by MI Developments to the MI Developments shareholders, who would presumably dump them as fast as possible. At that point, in some parallel universe, MI Developments would be out of the race track business, and Magna Entertainment would be directly controlled by Stronach.
Tech entrepreneur and would-be race track owner Halsey Minor has already criticized the proposed deal as "preposterous," pointing out that Magna entertainment can't possibly pay off the subordinated debt. At that point the whole deal falls apart and MI Developments is left with an even bigger, and unrepayable debt due from Magna Entertainment.
Minor had previously offered to buy up the MI Developments loans to Magna Entertainment, presumably with the intention of foreclosing on the race tracks. MI Developments ignored his offer, and today MI Developments CEO Dennis Mills failed to show up for a scheduled meeting with Minor in Baltimore. Bad move. As a review of Minor's career shows, when angered he becomes very tenacious.
Much more to come, I'm sure, but it's late, and I've already found more than enough reasons to conclude that the latest Stronach deal is just more smoke and mirrors, postponing the inevitable.
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