[TheForge] What ever happened to...

peter fels artgawk at thegrid.net
Mon Feb 28 01:20:37 EST 2011


Yeah well;
I'm strictly imaginary myself.
I only exist in your imaginations.
"Nobody knows you are a dog when you are online".~


On Feb 27, 2011, at 4:56 PM, dann at wctatel.net wrote:

> Philp,
> 
> Your instincts may be right, but I was wishing Terry well.
> Winning a court settlement, and actually collecting it are quite different
> things.
> Even if Terry Ridder  finally "won"  a potentially large settlement;  the
> company that was fund it,.. ( the loser ) can tie it up for years  in
> additional appeals.
> The larger the settlement, the more it is worth the losing party's 
> additional legal costs to delay and appeal the settlement.
> 
> In a worst case scenario, during the time lag, during course of appeals,
> they preempt the payment court ordered settlement with a bankruptcy after
> diverting the corporate funds.  Then it becomes a proof of fraud and
> trying to fund that additional litigation.
> 
> When I inquired  about an effort to collect a loss from a bankruptcy that
> appeared fraudulent to me,  I remember 25 years ( or so) ago... that a
> bankruptcy attorney told me that he believed over 60 percent of all
> bankruptcies involved bankruptcy fraud... but attempting to prove it was
> usually not worth while.
> 
> Last that I remember Terry L. Ridder posting stuff on this list, was when
> he was discussing ship board / machine shop / tooling to take on his
> ship(s).
> 
> As I recall,  wasn't  he was planning a total of 3 salvage type ships ? At
> the time,  I thought that  he might have been inspired by author Clive
> Cussler after reading a Dirk Pitt novel...  that caught his fancy.
> 
> http://en.wikipedia.org/wiki/Dirk_Pitt.  Shipping in international waters
> isn't quite so safe just now.  Pirates abound, and not just in the
> Caribbean.
> 
> On that facebook page .. I note that Terry's one blacksmith "Facebook
> friend" that I have in common with, is Dave Mudge.
> 
> http://www.facebook.com/artisticforge#!/artisticforge?sk=info
> 
> Dann
> 
>> I rather doubt that he:
>> 
>> A. Bought anything
>> B. Acquired any money from a settlement from any of his many accidents
>> and
>> C. Ever has, or ever will do anything but sit on the computer and
>> troll various lists and social networks.
> 
> 
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