(This is the cover letter supplied to valid AllSportsMarket/SportsRiskIndex stakeholders. The documents referenced and additional materials will be provided to anyone following the instructions detailed in the November 2009 update on this page.)
The purpose of this narrative and explanatory material is to provide a detailed comprehensive understanding of the nearly 7 years of history behind this venture. It is my desire and intent to paint a complete and accurate picture and leave no major questions open and unanswered. I will stick to elements that are backed by evidence and can be validated with additional material. If I am offering an opinion or personal view, I will clearly state this.
With my personal experience as an Internet day-trader in the late 1990s and after some developmental work assisting a company that wrote sports betting software in the early 2000s, I had a brainstorm. Why was there no trading market for sports-based financial instruments? With the unbelievable appetite and soaring market for online “sports books”, why was there no regulated alternative to trade sports like stocks? In late 2001, I began sketching some notes and making drawings of what such a system would look like and how it would operate. During the years 2002-2003 with the programming help of Ace Underhill, a prototype of the trading environment was built and testing began. We hired a hosting provider in Vancouver, B.C. and uploaded the first version. At the time, I was living with my Costa Rican wife in Costa Rica. So, it made sense to establish our operations there. We formed Soluciones Globales Optimas, S.A. (SGO) as the operating entity. A translated copy of the original incorporation documents is included in the documents folder and is titled: SGOCorpDocs. I sought and received legal permanent resident status. I’ve included a copy of my “cedula” in the documents folder. For approximately 1 year we beta tested the platform and prepared to go live. On August 9, 2004, the market was started. The initial reception was overwhelming. We dealt with a whole host of technical, operational and procedural issues in those opening months. Since the market ran 24 hours per day/7 days per week, it was a non-stop around-the-clock job to keep everything in order. Since nothing like this had ever been attempted, we were heading down a new path and nobody knew what the next day would hold. For me, there was one very clear statement: We proved the concept. From the very start, I was very public about our overall intentions and declared it in our mission statement. We would build a regulated and legitimate platform for trading sports-focused financial instruments. In my view, the AllSportsMarket platform represented a proof of concept and demonstration tool from which to evolve into the final product. The “guiding light” was my internal dedication and public disclosure of this intended path and final destination at every point along the way. The years 2005 and 2006 were consumed by the constant tweaking of the configuration and trying to maintain the general order of the marketplace. We established a compliance department (the STCC) and developed fraud-checking routines in the market operating software to detect suspicious activity, multiple accounts, manipulation and irregular trading patterns. To maintain banking compliance with international anti-terrorism and money laundering laws, we started requiring our clients to submit identity and tax information. There was a significant faction of the membership that were holding multiple accounts, “gaming the system” and in major breach of the operating Terms of Service. These accounts were frozen. I began intensely studying the legal landscape looking for jurisdictional certainty for the market we built. To the best efforts of our investigations, we could not find laws prohibiting or permitting our operation. To me, this was an unacceptable status and would never allow us to reach our full potential. I made a public plea on the trader notice board to be proactively contacted by anyone familiar with our platform who had high-level connections to any Government Regulatory body (U.S. or otherwise). The purpose was to find a way to conform our model to existing laws or potentially seek the modification or creation of new laws under which to operate with legal certainty. I felt sure that a global “sports stock market” had great value for the sports industry, would generate tax revenue and serve the public interest in a very positive way. Not long after making that initial public plea for help, we became engaged with Woods Rogers and Woods Roger Strategic Solutions (lobbying arm) of Richmond Virginia. In the folder “Woods.Rogers”, you will find both engagement letters, the work blueprint and a memo on exempt boards of trade. During our discussions with Woods Rogers, they advised us that we should bring in an expert from another firm in Washington, D.C. This was our first introduction to Paul Architzel of the blue-chip firm Alston and Bird. He was described to us as THE expert in our field and a “gatekeeper” to the CFTC decision makers in Washington. It was not long before we realized that our purposes would be better served by a direct relationship with Paul and Alston+Bird in Washington. So, we moved this ahead and engaged directly.
Paul suggested that we hire Sharon Brown-Hruska, the former Bush appointed chair of the CFTC, as our lead economist and sports contract designer. Both engagement letters are contained in the folder: “A+B.NERA.Engagement”. The redacted portions were due to these letters being used during a critical development phase. The redacted names are: Sharon Brown-Hruska, Paul Architzel and United States Futures Exchange. The initial scope of the work involved studying the existing ASM platform to find a path to evolve the system and the instruments traded into the U.S. Regulatory space under existing law. Due to an event trigger on match win/loss, it was decided that we should develop a completely parallel platform and a new instrument alongside the running ASM market.
Alper Ozgit, an early ASM enthusiast, CWH investor and SRI co-inventor, focused a portion of his doctoral thesis on the original ASM design. I’ve included a copy in the documents folder titled: “Performance Based Sports Derivatives”. We also produced a short video summary and it is uploaded here: http://www.youtube.com/watch?v=0d7E_TH6UfI. In early 2006, we received some major media coverage from the floor of the NYSE. A short clip is posted here: http://www.youtube.com/watch?v=RYIjgFOa9y8
With the understanding that we would be developing a parallel business to operate the U.S. market, Crystal World Holdings, Inc. (CWH) and Crystal World Markets, LLC (CWM) were formed under the direction of Paul Architzel at Alston+Bird. CWH would be the holding company for all intellectual property and the master entity. CWM would be a wholly owned subsidiary dedicated to the U.S. market development and operations. Both 2007 company formation documents are included in the folder along with our IRS tax number assignment notice. SGO (Costa Rica) would stand separately and continue to be the operating entity for the existing ASM platform. SGO would license any necessary intellectual property from CWH. Rainforest Internet Providers, S.A. (RF) would hold equivalent stakes in both SGO and CWH thereby vesting its own shareholders equally in the original ASM (SGO) and the developing U.S. operations (CWH). This arrangement fulfilled on the promise to vest stakeholders in the present business and future regulated market enterprises simultaneously.
As time progressed through 2006 into 2007, it became apparent that we should focus our resources on CWH/CWM. Due to the continuing legal uncertainty of the existing ASM platform, we were advised by Paul Architzel at Alston and Bird to block U.S. clients. A copy of the legal opinion is provided in the documents folder titled: ASM.Model.Analysis. We agreed and made the necessary changes to prohibit the opening of accounts by U.S. persons. Prior to this, our U.S. client base represented about 75% of accounts. We were told that continuing to operate without legal certainty could jeopardize our efforts with CWH/CWM as well as create exposure. It was clear to me that the regulated U.S. market represented our future so the decision was clear. We would pull the plug on all marketing and advertising, restrict the U.S. clients and focus all our attention on CWH/CWM. We would continue to maintain the ASM platform and its legacy clients until a decision could be made on its future direction. We considered a number of configurations for operational bases in Europe and Asia focusing on markets other than the United States. In summary, the ASM market was put in a holding pattern and we pressed forward with great intensity on the U.S. market built on CWH/CWM.
Interestingly, there is a California-based company that serves the U.S. market and has raised several million dollars to expand. Having spent a considerable sum on legal counsel and economics talent inside the beltway who were specifically responsible for the authoring and administration of financial regulation over the futures markets, I am at a loss on how they continue to operate in the United States. If you are interested, the site is OneSeason.com. They took many elements from our model and actually tried to steal one of our marks. We were successful in having them discontinue use. A copy of our communication via Counsel is included in the documents folder titled: “OneSeason Cease and Desist”.
We decided to develop 2 families of products. One would be a binary contract on the selection of hosting sites for major sporting events such as the Olympics, World Cup and Super Bowl games. The flagship product would be an index contract that tracked the value of sports teams in terms of their financial health.
Prior to starting the full development cycle, Paul Architzel advised that we should make a presentation directly to the CFTC to brief them on our product development ideas. The purpose was to find out if we would be wasting our time because of the subject matter: “sports”. A copy of that presentation is included in the folder titled: CFTC Presentation 09.25.07. The outcome was very positive. We were informed by the CFTC Division of Market Oversight staff that sports is a business like any other irrespective of the fact that playing games is part of their operations. We were provided some design guidelines and development moved into high gear.
It was finally determined that redesigning ASM to carry these new instruments was financially and logistically impossible. It was also determined that building a new exchange and broker network was well beyond our capabilities overall. This opened the discussion of joining with a partner. At the time, Paul Architzel was also counsel to the startup futures exchange, United States Futures Exchange, based in Chicago. He arranged an introduction and detailed discussions and negotiations began shortly afterward.
In the Winter of 2007 and Spring of 2008, Paul was involved in discussions within the CFTC. As a former top director of the CFTC for 20 years, Paul was still very close to the agency staff. He informed us that the CFTC would take up the subject matter our contracts were built around in the Summer of 2008. He advised that we respond to the CFTC request for public comment when it was published. On July 7, 2008 our comment authored by Paul and signed by me appeared in the Federal Register:
http://www.cftc.gov/stellent/groups/public/@lrfederalregister/documents/frcomment/08-004c023.pdf
At this point, everything begins to move really quickly. In July 2008, we receive the fully executed copy of a 3-year license agreement to carry our sports-focused financial products to the world pending final CFTC approval. We are now focused on the implementation processes and working our way down a market startup checklist. On a parallel track, we are discussing ideas on how to handle the existing ASM clients and where we should relocate to continue operation. The HostCitySelect and HostCountrySelect binary contracts are complete and we are making final data arrangements with Nielsen Media for a sample historical T.V. ratings data set to complete the flagship SportsRiskIndex (SRI) product. I’ve included scans of the fully executed USFE contract including the FedEx envelope in a sub-folder: “USFE Contract”. I’ve also included a copy of the Nielsen invoice for the historical data needed to complete the SRI formulation titled: Nielsen Invoice Dated 11.21.2008. At this point, all the elements were coming together to startup operations in Q1 2009.
The big task at hand becomes the completion of the SRI formulation and filing for patent. The HCS binary contracts are complete but we will hold them for patent filing at a later time. I’ve included the HCS submission documents to the CFTC in the sub-folder: HCS.Contract. The completed SRI combined with our license agreement with United States Futures Exchange operating under CWH/CWM would complete our development cycle and bring our nearly 7 year journey to a successful conclusion. Ideally we would end up with two separate running enterprises both owned by a common set of stockholders. The existing “ASM” would be migrated to a (most likely) European jurisdiction and CWH/CWM would startup operations as the first U.S.-based regulated trading market for sports-focused financial products: “A Sports Stock Market”.
Then, the completely unexpected happens. The entire world economy begins to rapidly collapse. While continuing to complete the SRI formulation, finalize CFTC submission documents and prepare the SRI patent filing, I begin to notice that attempts to move the startup process ahead with USFE become increasingly difficult. The SRI submission to the CFTC is prepared. A copy is included in the SRI.Contract sub-folder along with real-world trading examples (titled: SRI.MLB.Trading). After many drafts and revisions, the SRI provisional patent is filed on December 22, 2008. 9 days later, USFE is unexpectedly terminated (http://www.usfe.com/) thereby voiding our contract and turning our business completely upside down. The immediate result is the total loss of financing. With this major piece of the business model bankrupt and horrid financial conditions around the globe, the risk profile becomes too high to continue financing by our principal funding partner. I must seek a new exchange to replace our now defunct agreement with USFE in order to have any chance of restoring our financing. Paul Architzel authored a CFTC status report document in an effort to assist securing new funding and a new exchange contract by detailing how close we were to completion when USFE failed. I’ve included a copy of the March 2009 report in the document folder. It is titled: “CFTC Status 03.04.09”.
The loss of financing for CWH resulted in the inability to continue supporting SGO. Over the past 10 months or so and continuing to this moment, I’ve been working through the liquidation of SGO and potential ASM account settlement procedures. I maintain a public log here: http://gsfe.blogspot.com/. I am standing in the Acting President/CEO role of CWH/CWM pending a final decision from serious investment discussions underway. I’ve included a spreadsheet that outlines the present stockholders of CWH along with a major remittances and payables detail. The document is titled: Crystal World Holdings - Cap Table + Payables + Remittances and is located in the root directory of the documents folder. There have been no Federal or Government of the District of Columbia tax returns filed yet as 2008 was the first full tax year for CWH. Included in the root directory of the document folder are copies of the three filed extension documents:
1. 2010.FP129A.Extension.Mailed.07.20.2009 (D.C.)
2. DC Form D20 Extension to 9.15.2009 (D.C.)
3. CWH Form 7004 2008 1120 Extension to 9.15.2009 (IRS)
To continue the support of the ASM platform and provide funding for the expensive process of developing CWH and CWM, we were granted a credit line as a lien against the CWH preferred stock. I’ve included a copy of the executed agreement titled: “CreditLine.1 and CreditLine.2”. The disbursements recorded until August 4, 2009 are outlined in the spreadsheet: “CWHLoanDisbursementSheet08.04.09”.
Following the December 2008 unexpected failure of United States Futures Exchange, we have been busily redrafting our business plans. I’ve included a copy of the most recent versions: CWH Exec Summary - Final - June 2009 and CWH Overview May 2008 in the documents folder.
We are presently in serious negotiations with a private investment group from Toronto who has expressed interest in purchasing a controlling interest in CWH. As part of the due diligence process, we’ve supplied them with many of the same documents you now hold.
For my part in developing this project, I have worked almost entirely without pay for nearly 7 years. The vast majority of my income resulted from royalty payments on personal intellectual property I own completely unrelated to (and pre-dating) this project. I’ve included my 2005 1040 filed return and IRS transcripts for 2006, 2007 and 2008 along with a statement of payments from the remitter to back my claims (see: Christopher.Rabalais.Personal.Returns.2005-8) At the present time, I continue to work without benefit of pay to reassemble the business after the major setback in December 2008. On top of this, I am carrying in excess of $35,000 of personal debt from company direct expenses. This says nothing of approximately $100,000 I personally invested over the course of 6+ years. I am making these points to be abundantly clear of my motives and disposition as it relates to this enterprise. There was never any possibility of profit for me unless we succeeded in our goals and I accept that.
I hope that this information has been helpful and I’ll be happy to address any aspect of it as part of our August 29, 2009 Internet Teleconference.
Sincerely,
Chris P. Rabalais
Acting President/C.E.O.
Crystal World Holdings, Inc.
Crystal World Markets, LLC
Saturday, February 20, 2010
Saturday, January 30, 2010
SportsRiskIndex® January 2010 Update
On January 11, 2010, we received the following confirmation letters
from Counsel in Washington, D.C.:
RE: U.S. Patent Application No. 12/644,970 filed December 22, 2009
"In accordance with your instructions, we filed the
above-referenced application with the U.S. Patent and Trademark
Office on December 22, 2009. This application claims the benefit of
U.S. provisional application no. 61/139,809, which was filed on
December 22, 2008. We have received confirmation that the
application has been assigned Application No. 12/644,970."
RE: New International (PCT) Application
Filed: December 22, 2009
Corresponding to U.S. Application No. 61/139,809
"We have received confirmation that the application has been
assigned International Application No. PCT/US2009/069276"
In the next few weeks, all necessary legal documents signed by the
five principal inventors of the SportsRiskIndex® (Systems and
Methods for Risk Management of Sports-Associated Businesses) will
be forwarded through counsel in Washington, D.C. to the United
States Patent and Trademark Office and associated U.S. and
International entities responsible for prosecution. That will
complete this sequence.
The next expected action will be the publication of our
applications. This is expected to take place during the Summer of
2010. At this point, the SportsRiskIndex® will be publicly
disclosed and searchable online. Legal and binding settlement of
valid AllSportsMarket® accounts via vesting in the invention will
take place after this publication.
We continue to receive and field investment leads as they come in.
As the overall world economic climate improves across 2010 and
after publication of our U.S. Patent and International PCT
applications, we expect our prospects to secure completion
financing to improve substantially. The internal core team is fully
dedicated to seeing this development through to full implementation
on the global financial markets thereby birthing an entirely new
industry and securing a handsome hard-earned return to our
stakeholders.
Submitted this 30th day of January, 2010.
Chris P. Rabalais
Acting President/C.E.O.
Crystal World Holdings, Inc.
Crystal World Markets, L.L.C.
1701 Pennsylvania Avenue N.W. Suite 300
Washington, DC 20006
202.248.5412
202.580.6559 Fax
from Counsel in Washington, D.C.:
RE: U.S. Patent Application No. 12/644,970 filed December 22, 2009
"In accordance with your instructions, we filed the
above-referenced application with the U.S. Patent and Trademark
Office on December 22, 2009. This application claims the benefit of
U.S. provisional application no. 61/139,809, which was filed on
December 22, 2008. We have received confirmation that the
application has been assigned Application No. 12/644,970."
RE: New International (PCT) Application
Filed: December 22, 2009
Corresponding to U.S. Application No. 61/139,809
"We have received confirmation that the application has been
assigned International Application No. PCT/US2009/069276"
In the next few weeks, all necessary legal documents signed by the
five principal inventors of the SportsRiskIndex® (Systems and
Methods for Risk Management of Sports-Associated Businesses) will
be forwarded through counsel in Washington, D.C. to the United
States Patent and Trademark Office and associated U.S. and
International entities responsible for prosecution. That will
complete this sequence.
The next expected action will be the publication of our
applications. This is expected to take place during the Summer of
2010. At this point, the SportsRiskIndex® will be publicly
disclosed and searchable online. Legal and binding settlement of
valid AllSportsMarket® accounts via vesting in the invention will
take place after this publication.
We continue to receive and field investment leads as they come in.
As the overall world economic climate improves across 2010 and
after publication of our U.S. Patent and International PCT
applications, we expect our prospects to secure completion
financing to improve substantially. The internal core team is fully
dedicated to seeing this development through to full implementation
on the global financial markets thereby birthing an entirely new
industry and securing a handsome hard-earned return to our
stakeholders.
Submitted this 30th day of January, 2010.
Chris P. Rabalais
Acting President/C.E.O.
Crystal World Holdings, Inc.
Crystal World Markets, L.L.C.
1701 Pennsylvania Avenue N.W. Suite 300
Washington, DC 20006
202.248.5412
202.580.6559 Fax
Wednesday, December 30, 2009
December 2009 Update
On December 22, 2009 legal counsel in Washington, D.C. successfully filed and confirmed the utility patent documentation for the SportsRiskIndex® (Systems and Methods for Risk Management of Sports-Associated Businesses). This application referenced the original provisional application 61/139,809 filed on December 22, 2008 and, with successful prosecution, will extend intellectual property protection for an additional 19 years. The SportsRiskIndex® will now continue under Patent Pending status while awaiting release for prosecution from the U.S. Patent and Trademark Office backlog queue that currently extends several years.
On December 22, 2009, we also successfully completed the initial international filing for the SportsRiskIndex® with the World Intellectual Property Organization (http://www.wipo.int).
“The World Intellectual Property Organization (WIPO) is a specialized agency of the United Nations. It is dedicated to developing a balanced and accessible international intellectual property (IP) system, which rewards creativity, stimulates innovation and contributes to economic development while safeguarding the public interest.WIPO was established by the WIPO Convention in 1967 with a mandate from its Member States to promote the protection of IP throughout the world through cooperation among states and in collaboration with other international organizations. Its headquarters are in Geneva, Switzerland. The Director General is Francis Gurry.” (text directly from WIPO website)
Our initial filing designated all 184 Member States (http://www.wipo.int/members/en/). In 18-30 months, we will revisit which national entry filings will be pursued. This process with WIPO initiated the necessary legal protocols and processes required to establish international protection beyond the bounds of all protections offered by the U.S. Patent and Trademark Office in Washington, D.C.
We continue to receive and fulfill requests for the teleconference archives and supporting documentation. If you are a valid AllSportsMarket® accountholder (or interested party) or know someone who may be unaware of this important disclosure, please forward this message. It is important to close this legal process in order to determine the valid account pool and final settlement mechanisms (as described in the documents) in order to vest our stakeholders in the resulting SportsRiskIndex® (patent pending) product family and future business enterprises. The prior emailed instructions have been provided here:
"On Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T., the ASM Trader Internet teleconference was held as scheduled. It lasted approximately 2 hours. An extensive documentation package was provided to each participant ahead of the call requesting submission of written questions to be answered live. During the call, the floor was open for live discussion, questions and follow-up. The conference concluded leaving no open issues.
We will provide links to the document disclosure packages and a live archive of the event itself to anyone who supplies the completed GSFE disclosure documentation and executes a non-disclosure agreement. This information is for your permanent personal records. Here are the links:
http://unhub.com/iJ6A - CWH Non-disclosure Agreement
http://www.sportstradingsecrets.com/GSFE.pdf - AllSportsMarket GSFE Form
Please print, complete, initial, sign, scan and return both documents to:ASMClients@GMAIL.com applying your name and "ASM Trader Disclosure Package" in the email subject line. The instructions for accessing and downloading the packages and conference archive will be provided by reply email. There will be no exceptions for missing information or failing to follow this format. The purpose here is to provide a comprehensive understanding of the development timelines, progress, pitfalls and path toward final settlement of all valid ASM accounts."
If you have previously provided the (ASM) GSFE and (CWH) NDA forms and received copies of the archive, you are eligible to obtain a copy of the December 22, 2009 final patent and PCT filings described above. Simply send an email to:ASMClients@GMAIL.com applying your name and "Final SRI Filings" in the email subject line. The instructions for retrieving the documents will be sent by return email. Confidentiality extends to these important documents under your existing executed non-disclosure agreement.
On December 22, 2009, we also successfully completed the initial international filing for the SportsRiskIndex® with the World Intellectual Property Organization (http://www.wipo.int).
“The World Intellectual Property Organization (WIPO) is a specialized agency of the United Nations. It is dedicated to developing a balanced and accessible international intellectual property (IP) system, which rewards creativity, stimulates innovation and contributes to economic development while safeguarding the public interest.WIPO was established by the WIPO Convention in 1967 with a mandate from its Member States to promote the protection of IP throughout the world through cooperation among states and in collaboration with other international organizations. Its headquarters are in Geneva, Switzerland. The Director General is Francis Gurry.” (text directly from WIPO website)
Our initial filing designated all 184 Member States (http://www.wipo.int/members/en/). In 18-30 months, we will revisit which national entry filings will be pursued. This process with WIPO initiated the necessary legal protocols and processes required to establish international protection beyond the bounds of all protections offered by the U.S. Patent and Trademark Office in Washington, D.C.
We continue to receive and fulfill requests for the teleconference archives and supporting documentation. If you are a valid AllSportsMarket® accountholder (or interested party) or know someone who may be unaware of this important disclosure, please forward this message. It is important to close this legal process in order to determine the valid account pool and final settlement mechanisms (as described in the documents) in order to vest our stakeholders in the resulting SportsRiskIndex® (patent pending) product family and future business enterprises. The prior emailed instructions have been provided here:
"On Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T., the ASM Trader Internet teleconference was held as scheduled. It lasted approximately 2 hours. An extensive documentation package was provided to each participant ahead of the call requesting submission of written questions to be answered live. During the call, the floor was open for live discussion, questions and follow-up. The conference concluded leaving no open issues.
We will provide links to the document disclosure packages and a live archive of the event itself to anyone who supplies the completed GSFE disclosure documentation and executes a non-disclosure agreement. This information is for your permanent personal records. Here are the links:
http://unhub.com/iJ6A - CWH Non-disclosure Agreement
http://www.sportstradingsecrets.com/GSFE.pdf - AllSportsMarket GSFE Form
Please print, complete, initial, sign, scan and return both documents to:ASMClients@GMAIL.com applying your name and "ASM Trader Disclosure Package" in the email subject line. The instructions for accessing and downloading the packages and conference archive will be provided by reply email. There will be no exceptions for missing information or failing to follow this format. The purpose here is to provide a comprehensive understanding of the development timelines, progress, pitfalls and path toward final settlement of all valid ASM accounts."
If you have previously provided the (ASM) GSFE and (CWH) NDA forms and received copies of the archive, you are eligible to obtain a copy of the December 22, 2009 final patent and PCT filings described above. Simply send an email to:ASMClients@GMAIL.com applying your name and "Final SRI Filings" in the email subject line. The instructions for retrieving the documents will be sent by return email. Confidentiality extends to these important documents under your existing executed non-disclosure agreement.
Sunday, November 29, 2009
November 2009 Update
On November 16, 2009, legal counsel was retained in Washington, D.C. for the purpose of filing the non-provisional patent documentation for the SportsRiskIndex® (apparatus, method and computer program product for calculating a sports-based financial index). This application will reference the original provisional application 61/139,809 filed on December 22, 2008 and, with successful prosecution, extend protection for an additional 19 years. With this successful filing, the SportsRiskIndex® will continue under Patent Pending status while awaiting release from the backlog queue that currently extends several years.
Prior to the December 22, 2008 expiration of the provisional application, we will also make the initial filing with the World Intellectual Property Organization (http://www.wipo.int).
“The World Intellectual Property Organization (WIPO) is a specialized agency of the United Nations. It is dedicated to developing a balanced and accessible international intellectual property (IP) system, which rewards creativity, stimulates innovation and contributes to economic development while safeguarding the public interest.WIPO was established by the WIPO Convention in 1967 with a mandate from its Member States to promote the protection of IP throughout the world through cooperation among states and in collaboration with other international organizations. Its headquarters are in Geneva, Switzerland. The Director General is Francis Gurry.” (text directly from WIPO website)
Our initial filing will designate all 184 Member States (http://www.wipo.int/members/en/). In 18-30 months, we will revisit which national entry filings will be pursued. This process with WIPO initiates the necessary legal protocols and processes required to establish international protection beyond the bounds of all protections offered by the U.S. Patent and Trademark Office in Washington, D.C.
We are continuing to receive and fulfill requests for the teleconference archives and supporting documentation. If you are a valid accountholder or know one who may be unaware of this important disclosure, please forward this message. After December 31, 2009, we will not honor any additional requests. It is important to close this procedure in order to determine the valid account pool and final settlement mechanisms (as described in the documents). The prior email instructions have been provided here:
"On Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T., the ASM Trader Internet teleconference was held as scheduled. It lasted approximately 2 hours. An extensive documentation package was provided to each participant ahead of the call requesting submission of written questions to be answered live. During the call, the floor was open for live discussion, questions and follow-up. The conference concluded leaving no open issues.
We will provide links to the document disclosure packages and a live archive of the event itself to any former ASM accountholder who supplies the completed GSFE disclosure documentation and executes a non-disclosure agreement. Here are the links:
http://unhub.com/iJ6A - CWH Non-disclosure Agreement
http://www.sportstradingsecrets.com/GSFE.pdf - AllSportsMarket GSFE Form
Please print, complete, initial, sign, scan and return both documents to:ASMClients@GMAIL.com applying your name and "ASM Trader Disclosure Package" in the email subject line. The instructions for accessing and downloading the packages and conference archive will be provided by reply email. There will be no exceptions for missing information or failing to follow this format. The purpose here is to provide a comprehensive understanding of the development timelines, progress, pitfalls and path toward final settlement of all valid ASM accounts."
Thank you for your time and attention.
Chris P. Rabalais
Acting President/C.E.O.
Crystal World Holdings, Inc.
Crystal World Markets, L.L.C.
1701 Pennsylvania Avenue N.W. Suite 300
Washington, DC 20006
202.248.5412
202.580.6559 Fax
Prior to the December 22, 2008 expiration of the provisional application, we will also make the initial filing with the World Intellectual Property Organization (http://www.wipo.int).
“The World Intellectual Property Organization (WIPO) is a specialized agency of the United Nations. It is dedicated to developing a balanced and accessible international intellectual property (IP) system, which rewards creativity, stimulates innovation and contributes to economic development while safeguarding the public interest.WIPO was established by the WIPO Convention in 1967 with a mandate from its Member States to promote the protection of IP throughout the world through cooperation among states and in collaboration with other international organizations. Its headquarters are in Geneva, Switzerland. The Director General is Francis Gurry.” (text directly from WIPO website)
Our initial filing will designate all 184 Member States (http://www.wipo.int/members/en/). In 18-30 months, we will revisit which national entry filings will be pursued. This process with WIPO initiates the necessary legal protocols and processes required to establish international protection beyond the bounds of all protections offered by the U.S. Patent and Trademark Office in Washington, D.C.
We are continuing to receive and fulfill requests for the teleconference archives and supporting documentation. If you are a valid accountholder or know one who may be unaware of this important disclosure, please forward this message. After December 31, 2009, we will not honor any additional requests. It is important to close this procedure in order to determine the valid account pool and final settlement mechanisms (as described in the documents). The prior email instructions have been provided here:
"On Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T., the ASM Trader Internet teleconference was held as scheduled. It lasted approximately 2 hours. An extensive documentation package was provided to each participant ahead of the call requesting submission of written questions to be answered live. During the call, the floor was open for live discussion, questions and follow-up. The conference concluded leaving no open issues.
We will provide links to the document disclosure packages and a live archive of the event itself to any former ASM accountholder who supplies the completed GSFE disclosure documentation and executes a non-disclosure agreement. Here are the links:
http://unhub.com/iJ6A - CWH Non-disclosure Agreement
http://www.sportstradingsecrets.com/GSFE.pdf - AllSportsMarket GSFE Form
Please print, complete, initial, sign, scan and return both documents to:ASMClients@GMAIL.com applying your name and "ASM Trader Disclosure Package" in the email subject line. The instructions for accessing and downloading the packages and conference archive will be provided by reply email. There will be no exceptions for missing information or failing to follow this format. The purpose here is to provide a comprehensive understanding of the development timelines, progress, pitfalls and path toward final settlement of all valid ASM accounts."
Thank you for your time and attention.
Chris P. Rabalais
Acting President/C.E.O.
Crystal World Holdings, Inc.
Crystal World Markets, L.L.C.
1701 Pennsylvania Avenue N.W. Suite 300
Washington, DC 20006
202.248.5412
202.580.6559 Fax
Friday, October 30, 2009
October 30, 2009 Update
We are presently pursuing 6 substantial leads to assist in completion financing for the SportsRiskIndex. All parties have received updated business plan documents and supporting materials.
We are facing a non-extendable deadline of December 22, 2009 to convert the SportsRiskIndex provisional patent to a full utility patent and extend coverage internationally via an omnibus filing. This is a major priority and the procedural and financial logistics are being discussed now.
There exists substantial client interest in restarting the ASM platform under new management with solutions emplaced to prevent the recurrence of prior difficulties. Many former ASM traders acknowledged their desire to transfer their old portfolios to a new platform. Options are being discussed internally to determine how these goals could be accomplished.
We are continuing to receive and fulfill requests for the teleconference archives and supporting documentation. If you are a valid accountholder or know one who may be unaware of this important disclosure, please forward this message. After December 31, 2009, we will not honor any additional requests. It is important to close this procedure in order to determine the valid account pool and final settlement mechanisms (as described in the documents). The prior email instructions have been provided here:
“On Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T., the ASM Trader Internet teleconference was held as scheduled. It lasted approximately 2 hours. An extensive documentation package was provided to each participant ahead of the call requesting submission of written questions to be answered live. During the call, the floor was open for live discussion, questions and follow-up. The conference concluded leaving no open issues.
We will provide links to the document disclosure packages and a live archive of the event itself to any former ASM accountholder who supplies the completed GSFE disclosure documentation and executes a non-disclosure agreement. Here are the links:
http://unhub.com/iJ6A - CWH Non-disclosure Agreement
http://www.sportstradingsecrets.com/GSFE.pdf - AllSportsMarket GSFE Form
Please print, complete, initial, sign, scan and return both documents to:ASMClients@GMAIL.com applying your name and "ASM Trader Disclosure Package" in the email subject line. The instructions for accessing and downloading the packages and conference archive will be provided by reply email. There will be no exceptions for missing information or failing to follow this format. The purpose here is to provide a comprehensive understanding of the development timelines, progress, pitfalls and path toward final settlement of all valid ASM accounts.”
Thank you for your time and attention.
Chris P. Rabalais
Acting President/C.E.O.
Crystal World Holdings, Inc.
Crystal World Markets, L.L.C.
1701 Pennsylvania Avenue N.W. Suite 300
Washington, DC 20006
202.248.5412
202.580.6559 Fax
We are facing a non-extendable deadline of December 22, 2009 to convert the SportsRiskIndex provisional patent to a full utility patent and extend coverage internationally via an omnibus filing. This is a major priority and the procedural and financial logistics are being discussed now.
There exists substantial client interest in restarting the ASM platform under new management with solutions emplaced to prevent the recurrence of prior difficulties. Many former ASM traders acknowledged their desire to transfer their old portfolios to a new platform. Options are being discussed internally to determine how these goals could be accomplished.
We are continuing to receive and fulfill requests for the teleconference archives and supporting documentation. If you are a valid accountholder or know one who may be unaware of this important disclosure, please forward this message. After December 31, 2009, we will not honor any additional requests. It is important to close this procedure in order to determine the valid account pool and final settlement mechanisms (as described in the documents). The prior email instructions have been provided here:
“On Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T., the ASM Trader Internet teleconference was held as scheduled. It lasted approximately 2 hours. An extensive documentation package was provided to each participant ahead of the call requesting submission of written questions to be answered live. During the call, the floor was open for live discussion, questions and follow-up. The conference concluded leaving no open issues.
We will provide links to the document disclosure packages and a live archive of the event itself to any former ASM accountholder who supplies the completed GSFE disclosure documentation and executes a non-disclosure agreement. Here are the links:
http://unhub.com/iJ6A - CWH Non-disclosure Agreement
http://www.sportstradingsecrets.com/GSFE.pdf - AllSportsMarket GSFE Form
Please print, complete, initial, sign, scan and return both documents to:ASMClients@GMAIL.com applying your name and "ASM Trader Disclosure Package" in the email subject line. The instructions for accessing and downloading the packages and conference archive will be provided by reply email. There will be no exceptions for missing information or failing to follow this format. The purpose here is to provide a comprehensive understanding of the development timelines, progress, pitfalls and path toward final settlement of all valid ASM accounts.”
Thank you for your time and attention.
Chris P. Rabalais
Acting President/C.E.O.
Crystal World Holdings, Inc.
Crystal World Markets, L.L.C.
1701 Pennsylvania Avenue N.W. Suite 300
Washington, DC 20006
202.248.5412
202.580.6559 Fax
Wednesday, September 30, 2009
ASM Client Update - September 30, 2009
On Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T., the ASM Trader Internet teleconference was held as scheduled. It lasted approximately 2 hours. An extensive documentation package was provided to each participant ahead of the call requesting submission of written questions to be answered live. During the call, the floor was open for live discussion, questions and follow-up. The conference concluded leaving no open issues.
We will provide links to the document disclosure packages and a live archive of the event itself to any former ASM accountholder who supplies the completed GSFE disclosure documentation and executes a non-disclosure agreement. Here are the links:
http://unhub.com/iJ6A - CWH Non-disclosure Agreement
http://www.sportstradingsecrets.com/GSFE.pdf - AllSportsMarket GSFE Form
Please print, complete, initial, sign, scan and return both documents to: ASMClients@GMAIL.com applying your name and "ASM Trader Disclosure Package" in the email subject line. The instructions for accessing and downloading the packages and conference archive will be provided by reply email. There will be no exceptions for missing information or failing to follow this format.
The purpose here is to provide a comprehensive understanding of the development timelines, progress, pitfalls and path toward final settlement of all valid ASM accounts.
We will provide links to the document disclosure packages and a live archive of the event itself to any former ASM accountholder who supplies the completed GSFE disclosure documentation and executes a non-disclosure agreement. Here are the links:
http://unhub.com/iJ6A - CWH Non-disclosure Agreement
http://www.sportstradingsecrets.com/GSFE.pdf - AllSportsMarket GSFE Form
Please print, complete, initial, sign, scan and return both documents to: ASMClients@GMAIL.com applying your name and "ASM Trader Disclosure Package" in the email subject line. The instructions for accessing and downloading the packages and conference archive will be provided by reply email. There will be no exceptions for missing information or failing to follow this format.
The purpose here is to provide a comprehensive understanding of the development timelines, progress, pitfalls and path toward final settlement of all valid ASM accounts.
Friday, August 7, 2009
FINAL REMINDER: ASM Trader Internet Teleconference – Saturday August 29, 2009
On Friday August 14, 2009, we will discontinue accepting reservation requests for the Internet Teleconference to be held on Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T. Over the coming weeks, additional messages will be sent detailing how to utilize your unique login, access the telephone portion of the program, general guidelines and methods to communicate and submit questions. It is important you pay careful attention to these details.
If you are aware of a former compliant ASM user who may not have received this invitation, please pass along the instructions sent to you. We are quickly reaching capacity for the telephone portion of this event and future attendees will be able to access the web portion of the program only. Confirmations will be processed in the order they were received.
Here is a copy of the original message:
“All former ASM accountholders with valid registered compliant accounts are invited to attend a web teleconference and presentation to be held on Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T. The purpose of this event is to provide a comprehensive picture of ASM development from beta stage in 2003 through the present day holding open discussion and answering questions. All relevant matters will be covered including our milestones and successes along with our setbacks and failures.
From the very start I promised that I would vest valid accountholders in the ultimate outcome of this project. I was nearly certain we would end up with something vastly different than what we initiated and we have. Since before the termination of trading on the platform, I have been working to reach a consensus among the stakeholders on a mechanism to settle all valid ASM accounts. To this date, I have been unsuccessful in this task. Although I feel that this promise made by me in the corporate capacity should be honored by the company, I can not force this outcome as I do not hold a majority stake. That leaves my personal holdings as the only currency available to make good on my promise. As well, I feel that this is something that can wait no longer.
Therefore, I will be releasing my entire stake in Crystal World Holdings, Inc. of Washington, D.C. to a pool to be divided in proportion among all former valid ASM accountholders in full payment of their outstanding balances. The only exclusion is the previously issued ASMA1 positions. I will go into full detail on the web teleconference and answer questions. I am confident that once clarity is established and a full understanding is achieved, everyone will realize the value of this exchange and the enormous potential it represents. There will be no charges of any kind to make this exchange.
If you are interested in participating, please send an email to ASMClients@GMAIL.com with the following details:
a. Your complete name and address
b. Your current email address
c. Your current day phone number
d. Your current evening phone number
Only ASM clients who submitted all required GSFE disclosure and I.D. information and were cleared of fraud by the STCC will be permitted to attend. Your details above will be confirmed in our database and you will be sent specific non-transferable instructions for the web conference. As only a single login will be permitted with your unique code, sharing it will only result in your inability to attend yourself. Further details on the protocols and methods to submit questions and interact on the conference will be sent in the days leading up to the event. All information will be sent using the email your provide to us. Telephone numbers must be provided for any last minute notices and to access the telephonic portion of the program.”
Thank you for your time and attention.
Kind regards,
Chris P. Rabalais
Founder
If you are aware of a former compliant ASM user who may not have received this invitation, please pass along the instructions sent to you. We are quickly reaching capacity for the telephone portion of this event and future attendees will be able to access the web portion of the program only. Confirmations will be processed in the order they were received.
Here is a copy of the original message:
“All former ASM accountholders with valid registered compliant accounts are invited to attend a web teleconference and presentation to be held on Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T. The purpose of this event is to provide a comprehensive picture of ASM development from beta stage in 2003 through the present day holding open discussion and answering questions. All relevant matters will be covered including our milestones and successes along with our setbacks and failures.
From the very start I promised that I would vest valid accountholders in the ultimate outcome of this project. I was nearly certain we would end up with something vastly different than what we initiated and we have. Since before the termination of trading on the platform, I have been working to reach a consensus among the stakeholders on a mechanism to settle all valid ASM accounts. To this date, I have been unsuccessful in this task. Although I feel that this promise made by me in the corporate capacity should be honored by the company, I can not force this outcome as I do not hold a majority stake. That leaves my personal holdings as the only currency available to make good on my promise. As well, I feel that this is something that can wait no longer.
Therefore, I will be releasing my entire stake in Crystal World Holdings, Inc. of Washington, D.C. to a pool to be divided in proportion among all former valid ASM accountholders in full payment of their outstanding balances. The only exclusion is the previously issued ASMA1 positions. I will go into full detail on the web teleconference and answer questions. I am confident that once clarity is established and a full understanding is achieved, everyone will realize the value of this exchange and the enormous potential it represents. There will be no charges of any kind to make this exchange.
If you are interested in participating, please send an email to ASMClients@GMAIL.com with the following details:
a. Your complete name and address
b. Your current email address
c. Your current day phone number
d. Your current evening phone number
Only ASM clients who submitted all required GSFE disclosure and I.D. information and were cleared of fraud by the STCC will be permitted to attend. Your details above will be confirmed in our database and you will be sent specific non-transferable instructions for the web conference. As only a single login will be permitted with your unique code, sharing it will only result in your inability to attend yourself. Further details on the protocols and methods to submit questions and interact on the conference will be sent in the days leading up to the event. All information will be sent using the email your provide to us. Telephone numbers must be provided for any last minute notices and to access the telephonic portion of the program.”
Thank you for your time and attention.
Kind regards,
Chris P. Rabalais
Founder
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