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April 22, 2007

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Bob

in 1989 i ran a spotlight for an advertising awards dinner that Milton Berle was hosting. he was far from charming. we had a "discussion" about what kind of light i was running and he liked it at half intensity so he could see his public. everytime i answered him i was treated to witty stuff like "look kid, i have sox as old as you".

no wonder hes dead....

Bob

K

Hey Kliph,

So if I understand this sordid noir'ish little tale correctly; Murray Pezim and his mob buddies were running a fraudulent business scam. They created a public company, Pezamerica, ran up huge debts while short selling their own stock through some kind of cutout. I'm guessing that the money going into the company was being laundered, hence the profligrate spending patterns ( now there are legal receipts and assets for what was once dirty money ). You've got to wonder who would go long on such a company, but the market being what it is I suppose anything is possible. Did the engineer ever wise up? It sounds like he's still mystified by their behaviour.

Really, it sounds like you have the makings of a nice screenplay here. You might try to get the SEC filings from Pezamerica, that'd fill in a lot more blanks. I'm not sure who retains those documents, I know the EDGAR system only goes back into the '90s.

David

What Kliph didn't really mention - though it was implied - was that Murray Pezim was one of the most well-known businessmen/wheeler-dealers/stock-promoters in Vancouver's history. For a couple of decades - in the 80s and 90s - he regularly made the news for some new venture, or for angering the provincial SEC. What a character.

Treasure News

NEW READING OF MYSTERIOUS OAK ISLAND INSCRIPTIONS

Theory points to possible connection with nearby Birch Island

FOR IMMEDIATE RELEASE
HALIFAX, Nova Scotia: Wednesday March 12th 2008 - -For the past two centuries, the tunnels of Nova Scotia’s Oak Island have piqued the imagination of historians and treasure hunters alike. Now, a new theory by First Nations researcher Keith Ranville may add fresh speculation to the mystery. Based on a unique reading of an inscription once found in the “Money Pit,” Mr. Ranville believes that the answer to the riddle may be found on nearby Birch Island.

Oak Island, located on the scenic Mahone Bay about an hour’s drive south of the provincial capital of Halifax, has been associated with buried treasure since the late 18th century. Local settlers reportedly found a ship’s tackle block hanging from a tree branch, overhanging a large depression in the ground. Early efforts to dig down failed when the diggers encountered layers of timber every 10 feet. In the ensuing generations, several organized excavation attempts have drilled down nearly 200 feet, en route encountering some artifacts within the staggered layers of logs, clay, putty, charcoal, flagstones and most perplexingly, coconut husks. Among the scores of enthusiastic treasure hunters was a young Franklin Roosevelt, one of the investors in a 1909 excavation attempt.

During the earlier diggings of 1800’s, the tunnel had become flooded by seawater – which many believed was the result booby trap being sprung – thus complicating further digging since then. A drilling effort in the mid 1800’s was said to have uncovered fragments of a gold chain. In 1971, a camera was lowered into the pit and reportedly captured images of wooden chests and human remains.

One of the most fascinating artifacts from the pit was said to be a flat stone recovered at the 90 foot depth, carrying a mysterious inscription. A fragment of stone with similar symbols was found nearby in Smith’s Cove in the 1930’s. The stone tablet itself has gone missing, but a record of its symbols remains. Until now, the consensus is that the symbols are a code translated as “forty feet below two million pounds are buried.” However, Keith Ranville’s theory offers a different interpretation as to the stone’s symbols, which could lead to a new explanation of the Oak Island mystery.

“I believe these symbols have been incorrectly assumed to stand for something else. In the First Nations tradition that I’m a part of, we believe symbols should simply be looked at in and of themselves, rather than thinking of them as codes that have to be cracked,” Mr. Ranville explained. “In the pictograms of Cree Salavics, for example, the images are meant to be descriptive, not abstract.” Using this approach, Mr. Ranville examined the Oak Island symbols and found what may be a set of instructions about a tunnel system involving both Oak Island and nearby Birch Island.

For example, the stone inscription begins with a triangle symbol, which is repeated throughout. Mr. Ranville believes that this represents nearby Birch Island, which has a distinctly triangular clearing on its north shore. Likewise, a symbol showing a circle divided into two hemispheres can be thought of as representing north/south directional markers. A series of dots in singles, pairs and triplets may be quantitative symbols.

Examining all the symbols in this way, Mr. Ranville believes that the symbols on the Money Pit’s stone tablet are actually technical instructions describing the location and layout of a possible underground network involving both Oak Island and Birch Island. “There was a fragment of another stone tablet that was found on Oak Island’s Smith Cove in the 1930’s,” Mr. Ranville explained. “It too has these types of symbols, but one in particular appears to be a Greek symbol designating ‘underwater door’. In conjunction with the other symbols, I believe this points to underwater doors and additional shafts on Birch Island itself.” Smith’s Cove is on the part of Oak Island that is closest to Birch Island, and is said to have yielded several artifacts itself over the years.

“Based on the inscribed symbols, I think we should be looking at Oak Island and Birch Island together in order to solve the mystery. If Birch Island proves to have underwater doors and tunnels around its triangular clearing, then it would be a huge step forward in our understanding of what Oak Island is all about.”

There have been many, occasionally bizarre, theories as to what the Oak Island tunnels may contain: a Masonic vault containing the Holy Grail, Viking or Pirate booty, Inca treasure, the French Royal Crown Jewels, payroll for colonial British soldiers or even the secret writings of Francis Bacon. Mr. Ranville prefers not to speculate. “Those are interesting and sometimes funny theories, but I’d rather just look at the evidence that we do have, and go from there.”

Mr. Ranville is a self-taught researcher born in Manitoba. While living in Vancouver, he became acquainted with the Oak Island mystery and began studying it. In October 2005, he relocated to Nova Scotia to further research and advance his theories on the subject.

Both Oak Island and Birch Island are private property, and access must be sought by permission of the landowners.
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http://oakislandmoneypitblogspotcom.blogspot.com/

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