AllSportsMarket Compliant Accountholder Settlement Legal Process – Initiating January 1, 2011 and Ending March 31, 2011
December 16, 2010 in public
Begin date: Saturday January 1, 2011 12:01 A.M. U.S. Eastern Time
End date: Thursday March 31, 2011 11:59 P.M. U.S. Eastern Time
Compliant former AllSportsMarket (ASM) trading account holders will be offered two (2) options for the final legal settlement of open balances:
- Exchange of common stock in Crystal World Holdings, Inc. (Washington, D.C.) for trader cash and sports derivative contract open balances. This excludes ASMA1 which was previously conveyed. My personal CWH common stock will be used and exchanged at a rate of $2.00 per share. This assumes the scheduled 40 to 1 split has already taken place (prior to issuing these shares) and a minimum listing price of $2.00 per common share. Sports derivatives will be valued at last tick at market shutdown. These common shares will be drawn from my personal holdings and a legal document will be executed to convey the transfer. A full release of liability and agreement to full settlement will be required by each ASM trader accepting the offer.
- A debt instrument will be executed describing the total sum of cash and sports derivatives (at last market tick) payable on the books of Crystal World Holdings, Inc. owing the total original balance plus interest at a rate of 6% per annum from market suspension until fully paid. A full release of liability and agreement to full settlement will be required by each trader accepting the offer.
No combination or other settlement mechanisms will be offered, entertained or agreed to. Any open accounts remaining from Friday April 1, 2011 12:01 A.M. U.S. Eastern Time forward will no longer be recognized by Crystal World Holdings, Inc. or any of its parents, successors, principals or affiliates. Both of these options assumes that CWH becomes an operating entity. In the case of option #2, it assumes that CWH has operating cash flows sufficient to service client debts. If CWH fails to succeed in bringing the SRI to market thereby reaching operating status, both of these settlement mechanisms will have no cash value.
Interested parties should join this social network (if not already a member) and contact me directly for instructions. Account information will be verified against our records and fulfillment instructions will be provided to valid holders. Time is of the essence.
Published this 16th day of December 2010.
By Chris P. Rabalais
President & C.E.O.
Crystal World Holdings, Inc.
1701 Pennsylvania Avenue N.W. Suite 300
Washington, DC 20006
NOTE: This is neither an offer of sale of securities nor an indication of a public stock offering of any kind.
Click this link to listen to the April 3, 2011 conference call detailing the settlement results.
Related Posts
AllSportsMarket to The New Sports Economy - The Road to Regulation
European Patent Office - First Action - April 25, 2012
The Government of the Hong Kong Special Administrative Region - Patent Application 12100987.1
AllSportsMarket and The New Sports Economy - U.S. Patent Application #61/937,534 Filed February 8, 2014
AllSportsMarket and The New Sports Economy - Core Principles and Claims- BOOK REVIEW: Trading Bases by Joe Peta (Sports as an Asset Class)
Chris Rabalais said on March 31, 2011
Deadline.
Gregory Adas said on March 31, 2011
Hey Chris, I will be going with option #1…thanks.
Greg
Chris Rabalais said on March 31, 2011
Confirmed, Greg. Thank you.
edwin buenbrazo said on March 31, 2011
HI Chris,
I Would like to know my balance please.
thanks,
edwin
Chris Rabalais said on March 31, 2011
Hi Edwin. Your balance is $477.63. Separately you have an intact investment of 210,601 ASMA1.
Jon Singer said on March 31, 2011
Chris,
I will take option #1…thanks
Chris Rabalais said on March 31, 2011
Confirmed, Jon.
Gregory Adas said on March 31, 2011
Hi Chris, waiting for your response to the above post before i decide, but was wondering if i had and ASMA1 along with my balance. Thanks
Gregory Adas said on March 31, 2011
‘any ASMA1′…
Chris Rabalais said on March 31, 2011
Your balance is $1,293.59 and you have zero ASMA1.
Jon Singer said on March 31, 2011
If I take option #1 how long until the shares are released and we are able to sell our shares? If I take option #2, do I have to wait for a lump sum payment or is a it a monthly distribution of the debt? And when would either of these options come into effect? Chris, I understand you are busy and I appreciate you answering procrastinators such as myself.
Chris Rabalais said on March 31, 2011
#1 = No selling of the shares before a public market exists for the stock.
#2 = Installments
No estimates of timelines on either. As soon as possible if not sooner. If it would have been up to me, we would have been trading in early 2009.. but the world economy imploded and set us back a bit…
If we don’t make it to market, all of this will be worthless.
.. I’m not going to let that happen..
Pamela Lockwood said on March 31, 2011
I would like to choose Option #2.
Chris Rabalais said on March 31, 2011
Pamela, I’ve recorded your balance of $418.90 as debt (#2). Thank you.
Jon Singer said on March 31, 2011
Hey Chris,
Looking to see what my balance is right now. If you could please let me know. Thank you.
Chris Rabalais said on March 31, 2011
Jon, your balance is $32,028.70. Please advise me of your decision (#1 or #2) before the deadline tonight.
Jason Tufeld said on March 31, 2011
I would like to know my balance and select option number 2.
Chris Rabalais said on March 31, 2011
Jason, your balance of $133.88 is recorded as debt (#2). Thank you.
Tytus Parsons said on March 31, 2011
Chris,
Please confirm my balance and put me down for option #2.
Chris Rabalais said on March 31, 2011
$530.11 recorded as debt (#2). Thank you, Tytus.
Gary said on March 30, 2011
Chris,
It’s been awhile since I’ve traded. How do I determine my balance and what do I due to elect option 1. Thanks, Gary
Chris Rabalais said on March 31, 2011
Gary, you have no balance.
Josip Sitin said on March 30, 2011
Hi Chris can I have my acc balance please?
I am going to take Option 1 (one) thanks,
Josip
Josip Sitin said on March 30, 2011
And ASMA1 pls…
Chris Rabalais said on March 30, 2011
Your balance of $7.57 has been recorded as equity (#1). Separately you have an intact investment of 4,805 ASMA1.
James Craig said on March 30, 2011
Hey chris can I have my account balance and I will go for option 1 Thank you Jim
Chris Rabalais said on March 30, 2011
James, I’ve recorded your balance of $1,249.62 as equity (#1). Thank you.
Chris Rabalais said on March 30, 2011
Separately you have an intact balance of 112,365 ASMA1.
Gregory Adas said on March 30, 2011
Hi, my name is Gregory Adas and would like to know my account balance please and will settle on an option later today.
Chris Rabalais said on March 30, 2011
Gregory, your balance is $1,293.59
Frank V Balderrama said on March 30, 2011
Chris, may I please have my account balance? Also, I opt for option Number 1. Thanks!
Chris Rabalais said on March 30, 2011
Frank, your balance of $38.19 is recorded as equity (#1). Separately you have an intact investment of 20,090 ASMA1. Thank you.
Chih-Hsiung Chiu said on March 29, 2011
Hi, chris, sir, may I ask that if you can just simply explain that what is going on now since I have received your iphone ASM blueprint?
Thank you
Chris Rabalais said on March 29, 2011
We are working up the programming specifications to build it along with a version to run on Android.
Chris Rabalais said on March 29, 2011
Do you have any thoughts on the design or operation?
James Smith said on March 29, 2011
Hi Chris. I have no idea how to contact you directly so I am doing this. I was a member at asm though not an active one. I did have some holdings (Dallas Mavs, KC Chiefs and Gonzaga Bulldogs if I remember correctly) but had not traded in awhile. I cannot remember my account info and could not find anywhere that I may have written it down. I am pretty sure I traded under bing7464 or some derivative thereof (possibly rg7464). You may contact me at this emali address: [email protected]
Thanks and have a great day!
James
PS IF I had a balance I will take option 1
Chris Rabalais said on March 29, 2011
Hi James. You have a balance of $13.23 and I’ve recorded it as equity (#1). Thank you.
Greg Aishford said on March 28, 2011
Hey Chris,
Can you confirm my balance?
Also I will take option 2.
Thanks
Chris Rabalais said on March 29, 2011
Confirmed $3,698.91 as debt (#2). Thank you, Greg.
Alexandre Gonçalves said on March 28, 2011
Hello,
Can i have my account info please?
I will take option number 2
Thanks
Chris Rabalais said on March 28, 2011
Alexandre, your balance of $16,821.31 is recorded as debt (#2). Thank you.
George Cristea said on March 28, 2011
Hi Chris,
I`ll take option number 2.
Thanks.
Chris Rabalais said on March 28, 2011
George, your balance of $998.08 is recorded as debt (#2). Thank you.
Douglas Lockwood said on March 27, 2011
Chris I have sent you a message. But also could you give me my account info? thanks.
Chris Rabalais said on March 27, 2011
Your balance is $37,996.05. Separately you have an intact investment of 118,570 ASMA1.
Robert Lucas Ball said on March 27, 2011
Chris Please put me in for option #2
Thanks
Lucas Ball
Chris Rabalais said on March 27, 2011
Confirmed $877.16 as debt.
Pat Allen said on March 27, 2011
Hi Chris
Can you let me know my balance and ASMA1?
Thanks
Pat Allen
Chris Rabalais said on March 27, 2011
Pat, your balance is $1,799.04 and you have an intact investment of 65,468 ASMA1.
Pat Allen said on March 27, 2011
Hi Chris
Im gonna go with option #2
Thanks
Pat Allen
Chris Rabalais said on March 27, 2011
Confirmed $1,799.04 as debt, Pat. Thank you.
Robert Lucas Ball said on March 27, 2011
Hi Chris can you confirm my balance and ASMA1 please?
Thanks Lucas Ball
Chris Rabalais said on March 27, 2011
Lucas, your balance is $877.16 and you have an intact investment of 25,253 ASMA1.
Micah Ellars said on March 25, 2011
Thanks for the info Chris,
I guess I will take option #2. Is there any thing else I ned to do to official finalize this before the deadline of March31st? Thanks,
Micah
Kim Anderson said on March 24, 2011
Chris - What is my account balance? Thanks, Kim
Chris Rabalais said on March 25, 2011
Kim, you have no balance.
Larry Kezar said on March 24, 2011
Hey Chris,
I guess I’ll take #2. Also what date did ASM close? I took a screenshot of my account on 1/26/2009 & the ASMA1 seems fine but the value of the shares seems not right unless the market went down big time & I just never followed it.
Thanks,
Chris Rabalais said on March 24, 2011
This market report is the governing document. I’ve noted your choice of debt for the balance of $3,506.22. Thank you.
Larry Kezar said on March 24, 2011
Hey Chris,
Info on my account also.
Thanks
Chris Rabalais said on March 24, 2011
Larry, your balance is $3,506.22 and you have an intact investment of 72,225 ASMA1.
Micah Ellars said on March 24, 2011
Hi Chris, Can i please have my account balance.
Chris Rabalais said on March 24, 2011
Micah, your balance is $9,260.63 and you have an intact investment of 20,250 ASMA1.
Stephanie Lange said on March 24, 2011
Hi Chris, Can I please get my account balance. I am going to take option 1. Thank you Stephanie
Chris Rabalais said on March 24, 2011
Stephanie, your balance of $5.00 has been recorded as equity (#1).
Donna Campbell said on March 24, 2011
Hi Chris May I have my acct. balance please?
I am going to take Option 1 (one) thanks,
Donna
Chris Rabalais said on March 24, 2011
Donna, your balance of $177.52 is recorded as equity. Separately you have an intact investment of 8,275 ASMA1.