New email today from Master Rabalais
Dear Ryan,
The past year we've recorded some really amazing milestones in
the development of a Regulated Global Exchange for the trading of
sports related financial instruments. The vast majority of our
energy and efforts, in all categories, have been spent to answer
some critical questions regarding the future of our concept. The
first, and arguably the most important, question is whether or not
this idea was valid and could be fit into a legal framework in the
United States. And, if so, would this require changes in the
existing legislation? Thanks to our expert team of former U.S.
Government Officials in Washington, we have a positive answer to
this question. While product approval is not guaranteed, the framework
required to gain legal status has been found using existing regulation.
This requires the 'retuning' of our present instruments to conform
to existing law and an enhancement of certain features to improve
the economic use and commercial appeal. I am speaking here only of
our products themselves. We now have a 'roadmap' for the creation
of sports industry and sports team financial instruments that can
be traded on global regulated markets. We will start with two
principal families. The first family, HostCitySelect & HostCountrySelect,
will help industry manage risks related to the selection
(or non-selection) of your city or country for major world sports
events (such as the Olympics and the World Cup). This product is
currently before the U.S. Government and starting the approval process.
The flagship product will be called the SportsRiskIndex (S.R.I.).
This will be our exchange traded team based family of products
which owe some of their basis to our present market and product.
Just yesterday we sent the data request to one of our Major League
partners containing a list of the final sets of data we need.
Once this has been received, our Economics team in Washington will
complete their final testing for the first release. We anticipate
filing this application for approval in the coming few months.
Statutory timelines for approval of the HCS contracts are Summer 2008
with Fall 2008 for the SRI family. This completes the opening phase
of our product launch and will get us underway in the United States
(and global markets).
Through an agreement with an existing global Futures broker and
their subsidiary electronic exchange, we will outsource our
exchange, broker, clearing and surveillance to an existing global
giant. We will retain our brand with the exchange and broker
acting as a 'white box' provider for our clients. Through their
association with over 100,000 worldwide brokers, we will have
instant access in most major markets and a standing pool of
liquidity to start the market. The term sheet is signed and formal
contracts are being drawn now.
The existing market has been rebranded 'ASM' and moved to
http://www.TradeASM.com/. It will continue to operate normally at
this new location while the Regulated market is built on the main
URL (and all other owned domain properties). The current plan is to
operate the market indefinitely under the status quo until:
1. The open interest is converted and transferred to the new
Regulated market.
2. The market is sold as a separate business unit.
More information will be released as it becomes available
and we are cleared to speak publicly.
Once again, thank you for your support and for helping build
AllSportsMarket® and The New Sports Economy®
Chris P. Rabalais
President/C.E.O.
AllSportsMarket®
Friday February 1, 2008
8:52 A.M. U.S. E.S.T.
AllSportsMarket, Inc.
108 West 13th Street
Wilmington, DE 19801
Take it how you will I have no comment just wanted to share lol
Eey oooooooo new email from master chris lol
shoes
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