PostHeaderIcon Atlas Performance Bond For The Purchase Of General Motors

    PERFORMANCE BOND FOR THE PURCHASE OF GENERAL MOTORS

    The Atlas Monetary International Trust hereby issues a Performance Bond in the amount of Two Billion United States Dollars (US$2,000,000,000.00), indemnifying the acquisition of all 610,500,000 shares of General Motors Corporation through the assets of the Trust.

    The Atlas Monetary International Trust’s $2,000,000,000.00 Performance Bond shall underwrite and guarantee the sale of 610,500 Atlas Triple Crown Investment Program memberships as security for the purchase of 100% of the outstanding shares of General Motors Corporation.

    BACKGROUND OF THE INDEMNIFICATION PROCEEDINGS

    The Atlas Monetary International Trust has identified a conspiracy between the United States Securities and Exchange Commission and General Motors Corporation.

    General Motors, hereinafter referred to as “GM”, has $62 billion in debt, and its Feb. 17th, 2009 presentation to the United States Treasury envisioned shrinking that sum to $33.5 billion by trimming obligations to a union-retiree health fund and getting bondholders to accept less in an equity swap.
    Substantive talks with the United Auto Workers and bondholders are expected to be delayed.
    GM is trading at $2.00 per share, and is likely to drop further. GM wants to form a “new company” and slash 47,000 more jobs in 2009; cutting salaries for all remaining workers to levels considered unacceptable by the United Auto Workers’ Union.
    The Atlas Monetary International Trust’s proposal to enroll all 243,000 current workers and the 8,388 employees who were recently fired into the Atlas Triple Crown Investment Program membership would save GM from bankruptcy. However, Fritz Henderson, who was selected by the GM Board of Directors over Troy Clarke’s bid for the Chief Executive Officer’s position, is in favor of the bankruptcy, and openly advocates the firing of 20% of GM’s workforce and the elimination of the union as well as all union benefits.
    Seeing the Trust’s proposal as a direct threat, GM put pressure on the Securities and Exchange Commission to reopen their attack against Andrew J. Cipollo and the Atlas Monetary International Trust, sending bogus subpoenas to Mr. Cipollo’s offices via fax, which is ineffective and illegal service. Once again, Mr. Cipollo’s subpoena to appear this time in person not before a federal or state court but at the headquarters of Securities and Exchange Commission Staff Attorney Coates Lear was a flagrant violation of the law. Mr. Cipollo refused to comply and be complicit in an attack on his due process rights under the United States Constitution.

    Having identified the conspiracy to steal the assets of GM and to get rid of the union and their retirement fund which has been perpetrated between General Motors’ new Chief Executive Officer and Board of Directors and Securities and Exchange Commission Staff Attorney Coates Lear, the Trust is now authorizing the issuance of a Two Billion Dollar Performance Bond which shall underwrite and guarantee the sale of 610,500 Atlas Triple Crown Investment Program memberships as security for the purchase of 100% of the outstanding shares of General Motors Corporation.

    The Atlas Triple Crown Investment Program is authorized by each applicant to buy 1,000 shares of GM stock for each member, as well as 1,000 shares of Ground Electric Company and 1,000 shares of Al Pal Corporation.

    GM’s release of financial information is fraudulent. GM is attempting to separate the assets of General Motors from the General Motors Acceptance Corporation (GMAC); the leasing and credit arm of GM which is in excellent financial condition. Pursuant to an agreement between the Trust and Ellis Staley, General Manager of Kelsey Chevrolet of Guadalupe, California, there can be no ex-post facto law separating the financial and leasing division of the auto manufacturer from the automobile producer itself.

    The Atlas Monetary International Trust Performance Bond will therefore provide the legal basis and the proof of funds which shall consolidate GM and GMAC; and accordingly the Trust shall file an injunction prohibiting the bankruptcy until every shareholder, bondholder and employee has had the opportunity to vote on the Trust’s consolidation measure, and to fill out applications to join the Atlas Triple Crown Investment Program.

    This Performance Bond is being issued based on the full faith and credit of the Atlas Monetary International Trust guaranteed by Trust assets, and will be made part and parcel of the public record under the federal rules of full disclosure, and will be subject to a certified audit conducted by the accounting firm of Deloitte Touche Tohmatsu at the Roosevelt Roads Naval Station in Ceiba, Puerto Rico.

    Pursuant to the contract dated December 22nd, 2008 between General Motors and the Atlas Monetary International Trust, Deloitte Touche Tohmatsu will audit the balance sheets of General Motors, General Motors Acceptance Corporation, and the Atlas Monetary International Trust; and shall issue a letter of estoppel to the bankruptcy court in the State of Michigan confirming the assets and making a demand upon the bankruptcy court to order the bondholders, shareholders and employees to vote on the consolidation plan required by the Atlas Monetary International Trust which shall also include the enrollment of all of the shareholders and employees into the Atlas Triple Crown Investment Program, in order to protect and safeguard the aggregate interests of GM and GMAC as a consolidated equity base, and all of the jobs currently at risk.

    The term of the Performance Bond shall serve until all 610,500,000 shares of GM are under the ownership and control of the Atlas Monetary International Trust through the enrollment procedures of the Atlas Triple Crown Investment Program.

    It is so ordered.


    __________________________
    Andrew J. Cipollo
    Irrevocable Trustee
    Atlas Monetary International Trust

    Cc: Troy Clarke, President of GM North America
    Cal Rapson, Chief GM Negotiator for the United Auto Workers’ Union
    Consumer Advocate Michael Moore
    Governor Jennifer M. Granholm of the State of Michigan

     

    Last Updated (Friday, 26 February 2010 07:58)