By: gr8hiker 11 Apr 2005, 08:15 PM EDT Msg. 192563 of 192710 Jump to msg. # Very aggressive response IMO. There is nothing conciliatory in that response other the closing statement asking that the motion be dismissed.According to the response , the SEC has clearly been guilty of an abuse of power with regard to CMKX.They disregarded past filings, they completely set their own timeframe for comformity by ignoring prescribed timetables for filing. They are not allowing for the fact that if past errors in advice were the reason for our mistakes, then that is certainly not grounds for administrative hearings according to SEC guidlines. There is NO fraud alledged or admitted. If this response does not motivate the SEC to solve the problem, I will be amazed . They now have all to lose and nothing to gain. This filing has IBM written all over it. It basically states, , if you want to make up the rules as you go along, then we will do the same and you will stand to lose way more then us. WE can and will either merge , or go private and IPO. But if you force the issue , we WILL take you down and rock the financial community in the process. 13 days to make this go away quietly, or risk , not only losing in court, buy even with a win , I can assure you, IBM will have the last word . Mentioning the NSS was a hint to the SEC that this will not be kept quiet much longer. That was [robably the most telling sentence in the filing. Its the first time its been publically alluded to by management.Notice they referenced it by connecting it to shareholders and not stating it as fact. That would have been disallowed. This way , its part of the public record for any further NSS legal action.
This was great. I can't wait for the next act. IBM and his lawfirm hard playing hardball.I bet the SEC has NEVER received a response from a pink or gray sheet company as aggressive as this in many a year , if ever.
Posted by legaleagle on :
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
ADMINISTRATIVE PROCEEDING
File No. 3-11858
___________________________________________
In the Matter of:
CMKM Diamonds, Inc.,
Respondent.
___________________________________________
) ) ) ) ) ) ) ) ) ) )
ANSWER TO:
ORDER INSITUTING
ADMINISTRATIVE PROCEEDING
AND NOTICE OF HEARING
PURSUANT TO SECTION 12(j) OF
THE SECURITIES EXCHANGE ACT
OF 1934
CMKM Diamonds, Inc, by its attorneys, Stoecklein Law Group, by Donald J. Stoecklein answers the allegations contained in the Order Instituting Administrative Proceeding and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934 (the “Act’), as follows:
RESPONDENTS STATEMENT OF FACTS
CMKM DIAMONDS INC. was originally incorporated in the State of Delaware on or about June 9, 1998 as Cyber Mark International Corp. (“Cyber”). On August 3, 1999 Cyber filed a 10-SB12G Registration Statement with the Securities and Exchange Commission to voluntarily become a registrant under Section 12(g) of the Act, which Registration Statement became effective October 4, 1999. At this time Cyber had
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6,104,300 shares of common stock issued and outstanding to approximately 41 stockholders.
Cyber’s common stock began trading on the Over-the-Counter Bulletin Board on February 15, 2000 under the trading symbol “CMKI”.
Cyber’s original auditor, Citran Cooperman & Company, LLP served as independent auditors for Cyber from the period ended December 3l, 1998 until May 18, 2001, at which time Cyber engaged the services of David E. Coffey, CPA. Mr. Coffey continued as the Registrant’s auditor until January 15, 2003.
On or about April 18, 2002, Cyber filed Articles of Conversion with the Secretary of State of the State of Nevada in order to change its corporate domicile, resulting in Cyber becoming a Nevada Corporation.
On or about November 25, 2002, Cyber entered into a Claims Purchase and Exploration Rights Agreement with Urban Casavant, individually and as Agent for Fort A LA Cone Diamond Fields, Inc., Buckshot Holdings, Ltd., Commando Holdings Ltd. 191919307 Saskatchewan Ltd, 101012190 Saskatchewan Ltd. 101027101 Saskatchewan Ltd. and Morgan Minerals, Inc. collectively “Sellers,” wherein Sellers conveyed to Cyber all rights and interest in the exclusive mineral exploration and mining rights on all or any portion of the Property claims defined within the Agreement, in exchange for 2,800,000,000 shares of Cyber’s restricted common stock with registration rights and $2,000,000. Upon effectiveness of the Agreement, Ian McIntyre Cyber’s then current officer and director, prior to his resignation appointed (i) Urban Casavant as Chairman of the Board, President and CEO, (ii) Carolyn Casavant as a member of the Board of Directors and as Vice President of Claims; and (iii) Wesley Casavant as
2
Secretary/Treasurer. Urban Casavant, Carolyn Casavant, nor Wesley Casavant had U.S. public company reporting experience at the time of their appointments. As a result of the acquisition Agreements, on or about December 3,2002, Cyber’s Articles of Incorporation were amended to change its name to Casavant Mining Kimberlite International, Inc (“CMKM”).
On December 3, 2002, CMKM hired David DeSormeau, a 32 year veteran of financial accounting systems, to act as CMKM’s CFO and to work with the auditor to sure seamless integration with newly enacted Securities and Exchange Commission auditing practices for public companies. Approximately one month after Mr. DeSormeau’s engagement, CMKM’s auditor resigned. On or about January 15, 2003, at a meeting of a majority of stockholders. Mr. DeSormeau was appointed as a director and Treasurer. Due to CMKM’s inability to file its Form 10-KSB on or before March 31, 2003 for the period ended December 31, 2002, CMKM began trading on the “pink sheets” on May 23, 2003, whereon generally, 12g reporting is not a requirement.
On July 22, 2003, upon the advice of counsel, a Form 15 pursuant to Rule 12g-4(a)(1)(i) was filed as certification and notice of termination of registration under Section 12(j) of the Act, stating that at the time of filing the Form 15 CMXM had approximately 300 stockholders of record. A copy of the Form 15 is attached as Exhibit A.
On or about February 5.2004, CMKM’s Articles of Incorporation was amended to change its name to CMKM Diamonds Inc. (the “Company’s).
On June 4, 2004, the Company retained the services of Roger Glenn, Esq. from the New York law firm Edwards & Angel LLP to assist in preparing the required SEC reports in anticipation of requesting a market maker to resubmit the Company to the
3
Over-the-Counter Bulletin Board for quotation. In a press release dated June 16, 2004, Mr. Glenn was quoted as stating “We have been retained by the Company to resolve the problems it has been facing, and we expect to devote significant efforts immediately toward that goal. The company has advised us that it is dedicated to complying fully with all requirements on it, and we are pleased to act as counsel to it on that basis” In Iuly of 2004, Mr. Casavant suffered a stroke which left him with no alternative but to rely upon the professionals he had retained to oversee the Company operations until he completed rehabilitation and was able to take control again.
The Company continued its efforts to bring its filings up to date by engaging Neil Levine, of the Firm of Bagell, Josephs & Company, LLC, as independent auditor.
During the 3rd or 4th quarter of 2004, the Enforcement Division launched an investigation in the “Matter of U.S. Canadian Minerals, Inc. LA-2937.” Under the umbrella of the LA-2937 investigation, the Enforcement Division caused the issuance of subpoenas, deposed and interrogated CMKM Diamonds’ consultants and management. inclusive of the Company’s new auditor, the Company’s financial consultant, and Edwards & Angel LLP. In addition, a subpoena was Issued directly to CMKM Diamonds, whereunder the Company supplied significant information to the Commission, including substantial information regarding the Company’s mining claims. Urban Casavant, the Company’s sole officer and director, as a result of a recent stroke and under the advice of counsel, asserted his 5th Amendment privilege.
In February of 2005, it was clear to Company management that they needed to be more aggressive if they were to complete the necessary reports for filing with the SEC and to enable a market maker to sponsor the Company to the Over-the-Counter Bulletin
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Board. Therefore, the Company appointed Mr. Robot Maheu to the Board of Directors in order to oversee the necessary regulatory requirements. Mr. Maheu. on behalf of the Company, immediately retained the service of Stoecklein Law Group on February 7, 2005 for the primary purpose of coordinating the preparation of all reports due under the Act for the respective missing periods. Upon its initial due diligence of the Company, Stoecklein Law Group realized that at the time of filing the initial Form 15. The Company had 698 stockholders of record and that the filing of a Form 15 was not available to the Company as of July of 2003.
On February 15. 2005, Stoecklein Law Group contacted the Division of Corporate Finance for a determination as to the most appropriate method of bringing the Company in compliance with Section 13(a). (See letter from Stoecklein Law Group to Division of Corporation Finance dated February 16, 2005, a copy of which is attached as Exhibit B). On February 17, 2005, Stoecklein Law Group advised the Company to file a Form 15/A which resulted in the Company being subject to the reporting requirements of Section 12(g) of the Act. (A copy of the Form 15/A, filed on February 17, 2005 is attached as Exhibit C). From the date of the filing of the Form 15 (July 22, 2003) until contact with the Securities and Exchange Commission, Division of Corporate Finance by Stoecklein Law Group on February 4, 2005, the Company was under the belief that it was not required to file periodic reports pursuant to Section 13(a) of the Exchange Act It should be further noted that even though the filing of the Form 15 was flawed on its face, there was no response from the Securities and Exchange Commission to the Company.
During March 2005 a financial consulting firm was retained to assist the Company in its financial statements and logistical coordination was commenced between
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management, the financial consulting firm, the audit firm, Stoecklein Law Group, and the transfer gent
On March 16, 2005, the Division of Enforcement filed the Order Instituting administrative Proceeding against the Company. The Company believes that as a result of the Enforcement Division investigation in LA-2937, the Enforcement Division caused the issuance of a temporary trading suspension on March 3, 2005 and the issuance of the Order Instituting Administrative Proceeding on March 16, 2005. While the actions by the Enforcement Division are designed to be remedial, they may in fact be causing a punitive effect on the Company’s stockholders by further perpetuating a growing “naked short position in the Company’s stock, as alleged by numerous stockholders.
WITH RESPECT TO SECTION I
1. Respondent CMKM Diamonds admits, upon information and belief, that the commission’s public official files disclose the matters set forth in paragraph 1, and refers to said files for their contents.
WITH RESPECT TO SECTION II
2. With respect to paragraph 1 of Section II, Respondent CMKM Diamonds admits that Respondent is a Nevada corporation based in Las Vegas, Nevada; admits that Respondent CMKM Diamonds’ common stock is registered under Section l2(g) of the Exchange Act; however, Respondent CMKM Diamonds alleges that it does not have and cannot obtain information sufficient to admit or deny any other allegations contained in such paragraph, and on that basis denies such allegations.
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3. With respect to paragraph 2 of Section a Respondent CMKM Diamonds admits, upon information and belief, that the Commission’s Section 13(a) of the Exchange Act rules disclose the matter set forth in paragraph 2 and refer to said files for their contents.
4. With respect to paragraph 3 of Section II, Respondent CMKM Diamonds admits the allegations contain in such paragraph.
5. With respect to paragraph 4 of Section II, Respondent CMKM Diamonds does not have and cannot obtain information sufficient to admit or deny the allegations contained in paragraph 4, except admits that a Form 15 was filed und the name of Casavant Mining Kimberlite International, Inc. on July 22, 2003.
6. With respect to paragraph 5 of Section II Respondent CMKM Diamonds admits the allegations contained in such paragraph.
7. With respect to paragraph 6 of Section II, Respondent CMKM Diamonds denies the allegations contained in such paragraph.
WITH RESPECT TO SECTION III
8. With respect to Section III, Respondent CMKM Diamonds does not have and cannot obtain information sufficient to admit or deny the statements contained in said
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paragraph, however, denies that a public administrative proceeding instituted pursuant to Section 12(j) of the Exchange Act is appropriate for the protection of investors.
WITH RESPECT TO SECTION IV
9. With respect to Section IV, Respondent CMKM Diamonds admits upon information and belief that the Commission’s public official files disclose the matters set forth in said Section, and refers to said files for their content, and the Orders stated therein.
This Respondent, CMXM Diamonds denies each and every allegation of the Division of Enforcement not herein admitted, qualified, or denied.
FIRST AFFIRMATIVE DEFENSE
Respondent CMXM Diamonds alleges and believes that the Commission lacks authority to conduct the proceedings herein.
SECOND AFFIRMATIVE DEFENSE
The allegations of the Office of the Division of Enforcement fail to state a claim upon which the Commission can rend sanctions as requested in Section III B of the Order Instituting Administrative Proceeding.
THIRD AFFIRMATIVE DEFENSE
Allegations of the Office of the Division of Enforcement are barred by laches.
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FOURTH AFFIRMATIVE DEFENSE
In light of the allegations contained in Section II, paragraph 1 and paragraph 2, of the Division of Enforcement, the allegations that the Commission deems it necessary and appropriate for the protection of investors that a public a administrative proceeding be instituted against Respondent CMKM Diamonds, Inc. to suspend for a period not exceeding twelve months, or revoke the registration of each class of CMKM Diamonds’ securities is inconsistent with Section 13(a) of the Exchange Act and Rules 13a-l and 13a-13 thereunder.
FIFTH AFFIRMATIVE DEFENSE
In light of the Statement of Facts as enunciated by Respondent. Respondent deems the sanctions as proposed by the Division of Enforcement to be punitive remedies against and indispensable parties who have not had an opportunity for appearance herein, and on that basis it would be unconstitutional for the Commission to take any disciplinary action based thereon.
SIXTH AFFIRMATIVE DEFENSE
In light of the Statement at Facts as enunciated by Respondent, Respondent deems the sanctions as proposed by the Division of Enforcement to be punitive in nature against the Respondent CMXM Diamonds for the following reasons:
a. Respondent, pursuant to Rule 12g-4(b), had 60 days after the filing of the amended Form 15 on February 17, 2005, which would be on or about April 17,
9
2005, to file its reports. Respondent’s actions lack egregiousness, in that its obligations did not occur until after the filing by the Commission of the Order at hand.
b. Respondent’s actions were isolated and not recurrent in that once the respondent learned of the requirement for filing the amended Form 15 on February 13, 2005, the Respondent immediately commenced setting into motion the preparation of financial statements, setting meetings with the Company’s auditors, and counsel for the Company in anticipation of the preparation of the periodic reports.
c. Respondent lacked the scienter required for willful misconduct, in that Respondent relied on the advice of counsel indicating that reports were required after the filing of the Form 15 on July 22, 2003.
d. Respondent has demonstrated the sincerity of Respondent’s assurances against future violations by nominating an additional board member for purposes of conducting an internal investigation of the Respondent’s corporate matters, setting up procedural internal controls, and setting into motion the coordination of bringing current the outstanding periodic reports. As a result, significant dollars have been spent by Respondent to assure its corporate compliance with the reporting requirements of the Act.
e. Respondent recognizes that it was of the mistaken belief that Respondent was not required to file periodic reports as of July 22, 2003, and has recognized the wrongful nature of its failure, and has taken corrective action.
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f. Respondent has established significant reporting controls to provide assurances that Respondent will not either mistakenly, or intentionally violate the reporting requirements, once such reports are brought up to date and current.
g. Respondent’s financial position is such that Respondent is able to incur the coats associated with its reporting obligation.
h. Respondent has retained professionals specializing in federal securities and public company reporting requirements and is sincere in its desire to continue with its reporting requirements under the Act.
SEVENTH AFFIRMATIVE DEFENSE
That the relief sought in Section II B is vague and ambiguous.
EIGHTH AFFIRMATIVE DEFENSE
In Section II, paragraph 3, the Division of Enforcement alleges that CMXM Diamond has not filed an Annual Report on either Form 10-K or Form l0-KSB since May 9, 2002, or quarterly reports on either Form I0-Q or Form I O-QSB since November 18, 200Z Respondents first missed filing of a periodic report was on March 31, 2003, when the Respondent’s did not file its Form 10-KSB for the period ending December 31, 2002. In Section II, paragraph 4, the Division of Enforcement alleges that CMKM Diamonds filed a Form 15 on or about July 22, 2003. Respondent was under the belief mistaken or otherwise, that its duties as an issuer were suspended immediately upon filing its Form 15 certification pursuant to 12g-4(b). Therefore, Respondents failure to comply, if at all, with Section 13(a) was not known until February 15, 2005, when counsel for the
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Respondent discovered the error, and filed the amended Form 15, thereby subjecting the Respondent to its reporting obligations.
Respondent alleges as an Fight’ Affirmative Defense that pursuant to 12g-4(b), Respondent was entitled to a 60 day period, expiring on April 17, 2005, following the filing of the Form 15/A to bring its missing reports current Therefore, any proceeding to revoke or suspend the registration of the Respondents securities is premature.
NINTH AFFIRMATIVE DEFENSE
In light of the allegations contained in Section II, paragraph 1 and paragraph 2, by the Division of Enforcement, the allegations that the Commission deems it necessary and appropriate for the protection of investors that a public administrative proceeding be instituted against Respondent CMKM Diamonds, Inc. to suspend for a period not exceeding twelve months, or revoke the registration of each class of CMKM Diamonds’ securities is inconsistent with the allegations contained in such paragraphs. The purpose of the sanction imposed is intended to be remedial in nature, not to punish the Respondent or its stockholders but to protect the public, to achieve voluntary compliance with the law and to deter the respondent from future violations.
As an affirmative defense to the proposed sanctions. Respondent proposes that Respondent (i) has no prior record of non-compliance with SEC regulations; (ii) has voluntarily taken corrective action by contacting the Commission itself prior to the issuance of an Order Instituting Administrative Proceeding (iii) has demonstrated to the Commission a willingness to take corrective action; (iv) has cooperated with the commission; (v) the alleged violations are not fraudulent in nature; (vi) there was no
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intent by Respondent to not comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder; (vii) Respondent’s management was inexperienced in operating a public company (viii) respondent’s sole officer and director suffered serious health issues during a portion of the time period referenced; (ix) Respondent relied upon the professional advice of prior counsel in filing the original Form 15; and (x) Respondent brought to the attention of the Commission, the very issue for which tie Commission has instituted the Administrative Hearing.
WHEREFORE, having fully answered. Respondent, CMKM Diamonds Inc. pray:
1. That the relief described in Section III B of the Order Instituting Administrative Proceeding be denied and the proceedings herein dismissed; and
2. That Respondent CMKM Diamonds be given all and such other relief as the Commissioner may deem just and proper.
Donald J. Stoecklein
Counsel for CMKM Diamonds Inc.
Emerald Plaza
402 West Broadway
Suite 400
San Diego, California 92101
(619) 595-4882
(619) 595-4883
Posted by drgnfly on :
Summation of response:
Hi we are CMKX, sorry we are bunglers.. we didn't know printing 779 billion shares into the market was a bad thing! Sorry I Urban had a stroke see and while I was out in la la land and occasionally returning back to earth to go drag racing, that evil cheat bungler Roger Glen hoodwinked us all! I swear from the basement of my 2 million dollar homes I will fix that roger glen and make us all rich! Oh yeah and for answers to where the official CMKX headquarters are please go to our punchingbag.. er I mean PR guy Andy Hill for directions... opps I'm OUTA HERE!!! KACHNG KACHING!!!! errrrrrrrrrrrrrrrrrrrrr Vrooooooooooooooooooooooooooom,
Posted by legaleagle on :
JJSeabrook Global Moderator
member is online
Thanks needdiamonds for the Robert Duval Avatar!
Gender: Posts: 5416 Re: Thanks Urban ! « Reply #6 on: Today at 11:49pm »
IF UC wanted to get us revoked, there was a VERY SIMPLE way to do that. No answer, revocation would be virtually automatic. There IS a fight still going on, folks. UC took the 5th amendment privelege to not incriminate himself in answering some of the questions posed by the SEC in their investigation of USCA. IF he wanted to whack his shareholders, why would he file this answer and ADMIT PUBLICLY that he invoked the 5th? How embarrassing could that be for UC? Think about it! This battle, IMO, was perceived. He intended to address it when it came.
Let me give you a little analogy. You have a car wreck. The insurance adjuster calls you up, and you were not at fault, but the adjuster's job is to get you to in some way accept any, tiny, bit of responsibility for the wreck. That is cmparative responsibity. IF you are 10$ at falult, in some, but not all, states. Instead of paying your $1000 hospital bill, they just have to pay $900. The adjuster has your recorded statement. Next, you go to lawsuit. The attorney for the defense takes your deposition. NOW, they can beat you up with what you told the adjuster, if your story is not identical, and you have just became a LIAR. Then, if you go to trial, they have your recorded statement, the deposition testimony, and if you falter and do not give an identical story at trial, you will get killed with that statement and deposition and be made out to be a LIAR. Why give them that many shots at you? Can you tell an identical story last year, a year later and then again a year from that? Any imperfections in what you tell will come back to haunt you. UC did the right thing! Do NOT give something that will be laid out in concrete form. Tell your story at the right time, this hearing. It's only smart business, IMO. Tell your story once! Don't tell it several times on the record. How can any of us tell the same story 100% exact each and every time without it having some variances? You can't do it in a way that a good attorney will no kick your ass, if the oposing attorney is worth his weight in manure. Think about it. It's being handled in the right way. We knew it was coming, and we are addressing it. I think we're going to win.
ALL IN MY LAY OPINION.
JJ
Posted by bill1352 on :
first, its all i didn't do it, i wasn't there, i didn't know any better or its not my fault. (reminds me of Bart Simpson) for legel to be able to post 2 differant responces that side with cmkx is unbelievable. that fact that those 2 were out of a thousand or more feeling the same way is just plain mind boggling. what we haven't seen is a detailed report on the charges, just responces to each section. at least when Mario of MLON fame got caught he fessed up. he had the ba**s to come clean. UC starts out with a 5 yr olds babbling to getting caught with its hand in the cookie jar.
Posted by legaleagle on :
George Burns analysis of the Response.
georgeburns God of Diamonds
member is offline
Wherever there is confusion there is profit.
Gender: Posts: 6517 The CMKX response was right on target. « Thread started on: Today at 02:49am »
-------------------------------------------------------------------------------- I had posted above in the pinned thread that I was optimistic about the hearing. I didn’t want to respond my thoughts fully until I had done my due diligence and understood everything more clearly.
Most 12(j) decisions are guided by precedence. The standard used here is Steadman v. SEC, 603 F.2d 1126, 1140 (5th Cir. 1979)
Under Steadman, the following issues are considered.
(1) the egregiousness of the respondent's actions;
(2) the isolated or recurrent nature of the infraction;
(3) the degree of scienter involved;
(scienter n. Latin for "having knowledge." In criminal law, it refers to knowledge by a defendant that his/her acts were illegal or his/her statements were lies and thus fraudulent.)
(4) the sincerity of the respondent's assurances against future violations;
(5) the respondent's recognition of the wrongful nature of its conduct; and
(6) the likelihood of future violations.
No one factor is controlling.
I have broken down the above by inserting the defenses presented in the CMKM response below.
(1) the egregiousness of the respondent's actions;
Respondent, pursuant to Rule 12g-4(b), had 60 days after the filing of the amended Form 15 on February 17, 2005, which would be on or about April 17, 2005, to file its reports. Respondent’s actions lack egregiousness, in that its obligations did not occur until after the filing by the Commission of the Order at hand.
(2) the isolated or recurrent nature of the infraction;
Respondent’s actions were isolated and not recurrent in that once the respondent learned of the requirement for filing the amended Form 15 on February 13, 2005, the Respondent immediately commenced setting into motion the preparation of financial statements, setting meetings with the Company’s auditors, and counsel for the Company in anticipation of the preparation of the periodic reports.
(3) the degree of scienter involved;
Respondent lacked the scienter required for willful misconduct, in that Respondent relied on the advice of counsel indicating that no reports were required after the filing of the Form 15 on July 22, 2003.
(4) the sincerity of the respondent's assurances against future violations;
Respondent has demonstrated the sincerity of Respondent’s assurances against future violations by nominating an additional board member for purposes of conducting an internal investigation of the Respondent’s corporate matters, setting up procedural internal controls, and setting into motion the coordination of bringing current the outstanding periodic reports. As a result, significant dollars have been spent by Respondent to assure its corporate compliance with the reporting requirements of the Act.
(5) the respondent's recognition of the wrongful nature of its conduct; and
Respondent recognizes that it was of the mistaken belief that Respondent was not required to file periodic reports as of July 22, 2003, and has recognized the wrongful nature of its failure, and has taken corrective action.
(6) the likelihood of future violations.
f. Respondent has established significant reporting controls to provide assurances that Respondent will not either mistakenly, or intentionally violate the reporting requirements, once such reports are brought up to date and current. g. Respondent’s financial position is such that Respondent is able to incur the coats associated with its reporting obligation. h. Respondent has retained professionals specializing in federal securities and public company reporting requirements and is sincere in its desire to continue with its reporting requirements under the Act.
(I just hope it is Willy’ed down enough for the SEC to understand it.)
I would also like to say that I believe they included more than enough defenses than that were required ensuring more can be involved and brought to light.
The Risk/Reward ratio has been thrown off balance out of favor of the SEC. I think looking at this... the SECs best choice in the matter is to either dismiss the hearing, or be very lenient and perhaps come up with a schedule for CMKX to follow as opposed to pressing the action.
Everyone wants to avoid headaches especially when they acted inappropriately to cause their own headache.
Stoecklein did a great job IMO.
« Last Edit: Today at 03:19am by georgeburns » Logged
-------------------------------------------------------------------------------- Disclaimer: Items above may or may not be true. Do not buy or sell stock based on what I write.
Posted by legaleagle on :
kevinscott Diamondologist
member is online
Posts: 258 CIM Will BUYOUT CMKX before the Hearing (OPINION) « Thread started on: Today at 06:58am »
-------------------------------------------------------------------------------- the following are just my initial thoughts on what may take place before the hearing and the SEC can do NOTHING about it.
i have a feeling that we are going to be just fine with this stock, we have CIM.
CIM has been buying the heck out of CMKX via private money, to buy all the real share of cmkx... what better way to buy a stock than privately thru a private company CMKX, possibly puts all the shares on the market so it appears to be diluted... thus it can be NS'ed to death (well near death).
The GOT CMKX? was getting everyone in the game for 50k or whatever the number represents gets the retail buyers buying up as much cmkx as "anyone" (nsing) is willing to sell us... even though NS'ing existing in cmkx prior to that advertising.
See the SEC DOES NOT have to give the OKAY for CIM to buy out CMKX for CIM is private -- that's the beauty of it all.
CIM can buyout cmkx w/ NOT hardly much money at all... since most of the shares that we hold are NS'ed than CIM can get a company to just broker the deal to move ASSETS from PUBLIC company CMKX to private company CIM.
The NS'ers via settlement and or forcing the hand have to pay us the shareholders that are holding the NS'ed shares.
We get cash for our CMKX shares and get to stay in the game w/ CIM and possibly get to buy more shares of CIM when it is IPO'd.
The SEC can do NOTHING about it.
The 20b still not issued in CIM will be used for either IPO and/or to take care of the big boys that helped put it together.... remember nevada minerals they wanted the DIVYS and sold back CMKX for what $2m+, they wanted CIM the most.
The hearing could be moved back a bit, but i don't think so, the sec is trying to stop it all, but they can't. The financing needed, which is minimal would just be necessary to take care of the few shares out there that are NOT NS'ed, for the NS's are going to be most of the financing that will take care of most of us.
The SEC knows and is trying to move so fast against CMKX (that's why the hearing is on April 25 and we were not supposed to even get in trouble until after April 17, 2005... for CMKX had 60 days. So the SEC is trying to railroad CMKX. Cmkx is acting quickly to get it done. CMKX knew that the SEC would do it but probably thought they had more time (ie. the 60 days from Feb 17, 2005). So time is what is important and CMKX is moving to get it all done before April 25, 2005
All in my opinion of course
GOT CIM?
These are just my initial thoughts, so please find holes.
Thanks,
Kevin
Posted by legaleagle on :
Associated Press Charges Filed Against 15 NYSE Specialists Tuesday April 12, 11:40 am ET Justice Department, SEC File Charges Against 15 NYSE Specialists for Improper Trading
NEW YORK (AP) -- Fifteen specialists who managed trades on the floor of the New York Stock Exchange were indicted Tuesday, charged with fraudulent and improper trading practices by the Justice Department. The Securities and Exchange Commission filed civil charges against 20 specialists and the NYSE as well. ADVERTISEMENT
Federal officials said that between 1999 and mid-2003, specialists at five firms put their firms' orders ahead of customers' orders, causing those customers to get inferior prices.
The SEC also charged the NYSE with failing to enforce its own rules, charges that the NYSE has already settled. The NYSE will be censured and must spend $20 million on regulatory audits every two years through 2011.
The criminal probe of the NYSE traders by federal prosecutors grew out of a civil case against specialist firms that employ the traders.
Specialists run the open-outcry auctions on the floor of the NYSE and keep trading orderly. They match buy and sell orders for customers of the stocks they oversee and use their firm's money to buy shares when nobody else wants to buy and to sell shares from their own inventory when nobody else wants to sell.
In addition to the federal indictment and civil charges, the NYSE's regulatory enforcement arm announced charges against 17 former specialists in connection with the case.
Last year, NYSE specialist firms paid a total of $247 million to settle the same allegations brought by the SEC.
The firms' profits come from fees on each transaction as well as their own stock trading. Critics of the specialist system claim this is an inherent conflict of interest, while the NYSE has noted that the specialist firms gained $155 million in illegal profits over five years, a time when the exchange handled $50 trillion in trades.
Posted by Doctoall on :
Looks like Urban will have lots of company in his cell Posted by Doctoall on :
posted April 11, 2005 19:42 -------------------------------------------------------------------------------- Sounds like Urban is guilty as hell, oh please SEC take pity on him he did have a stroke and left the company in the hands of his lawyers. What a "crock", he knew damm well what was happening, he milked his shareholders and he should get jail time
Urban is blaming everyone else for the billions and billions and billions of shares, who did he think was paying for his rich life style. Oh sorry I forgot he was ignorant to what was going on." Bull Crap"
I hope he gets what he deserves= Jail Time.
Just brought some of the truth over to your new thread Posted by bill1352 on :
2) the isolated or recurrent nature of the infraction;
Respondent’s actions were isolated and not recurrent in that once the respondent learned of the requirement for filing the amended Form 15 on February 13, 2005, the Respondent immediately commenced setting into motion the preparation of financial statements, setting meetings with the Company’s auditors, and counsel for the Company in anticipation of the preparation of the periodic reports.
(3) the degree of scienter involved;
Respondent lacked the scienter required for willful misconduct, in that Respondent relied on the advice of counsel indicating that no reports were required after the filing of the Form 15 on July 22, 2003. ==============================================
these 2 are the best examples of bull**it i'f seen in a while..these lawyers are good unlike the last idiot they got, roger glen. if these lawyers think that the SEC will buy that a company with a 7 billion o/s when it stopped reporting & with almost 400 shareholders at that point, didn't know that they went over 500 shareholders after issuing another 772 billion shares into the market then the entire market is doomed. it took over 2 yrs to figure that 1 out?? i have a 16 month old grandbaby that can't talk yet that could figure that out. this was a deliberate act only brought up by cmkx because of cmkx's relationship with USCA & the SEC investigation they are under going. if as these lawyers are tring to make it seem cmkx had wanted to bring this up it would have happened when the divy's were handed out because the t/a had to send shares to more then 500 street accounts. why should the SEC give them time to file? it couldn't be more plain that they had no intention to file.
Posted by mydogsky on :
My god legal...please stop posting. To actually believe someone took the 5th amendment because they were trying to help someone other than themselves is not only dumb but irresponsible. All these posts of yours take up valuable space on the board pushing other "plays" from being read. Am I a basher...HELL YES. Someone give me back my $2k *ahem* invested in the POS and I will become the biggest pumper alive. You could even take me over to the CT site and I would pump so much there you'd think I was a $15 hand pump bought from Canadian Tire.
Posted by Doctoall on :
quote:Originally posted by mydogsky: My god legal...please stop posting. To actually believe someone took the 5th amendment because they were trying to help someone other than themselves is not only dumb but irresponsible. All these posts of yours take up valuable space on the board pushing other "plays" from being read. Am I a basher...HELL YES. Someone give me back my $2k *ahem* invested in the POS and I will become the biggest pumper alive. You could even take me over to the CT site and I would pump so much there you'd think I was a $15 hand pump bought from Canadian Tire.
I agree with you, but not to worry. When I sent my letter to the SEC with my complaints I needed some addition information so I sent along copies of Legal's post so that I could show the useless pumping on this thread. Well they may not give it much attention but at least they will see the crap that is being put before the shareholders
Thanks for the help Legal Posted by legaleagle on :
I guess that was meant to intimidate me Doc. Good Luck.
Posted by legaleagle on :
The CMKX Community Board General General Discussion (Moderators: Dr911, Andy Carter, Rush, NinjaSHUx, ChuckWheat, golden1101) ***MORE ÇMKX ÇONNECTIONS!*** « Previous Topic | Next Topic » Pages: 1 2
SEC is sleeping with crooks and MM's..it is corrupt.
Posted by Doctoall on :
quote:Originally posted by legaleagle: I guess that was meant to intimidate me Doc. Good Luck.
Not at all, just thought that your post were interesting to say the least, falls in line with the philosophy of CMKX and pumping false statements. Not intended to intimidate just intended to let SEC see what kind of information is out there and who is trying to promote a useless stock.
I can't stop a person with no consideration for fellow human beings from posting and trying to lure the unsuspecting into the CMKX trap. Have at it Posted by Doctoall on :
Oh sorry I am not feeling good today, can't be responsible for what I say. Sounds like Urban, what a crock!!!! Urban is probably not feeling great these days because of his greed and the fear that the SEC is breathing down his neck. He will feel better when he gets settled in his new cell Posted by Ric on :
Until I see filing stating otherwise and the SEC hearing, all we have to go on is that this is a scam. 703 billion o/s. Legal, If they file by the 17th which shows that this is a legit company and the 25th SEC hearing then pump away and get new investors. But right now it looks like a scam, smells like and scam. So to people it looks like you are trying to scam new investors in to lose there money. Trying to convince them that there is no problems here and they will be rich if they invest.
As I said. After the 25th if CMKX proves us wrong then I will help you pump this. But until then, I feel anyone trying to convince others to buy this is low.
Posted by Doctoall on :
quote:Originally posted by Ric: Until I see filing stating otherwise and the SEC hearing, all we have to go on is that this is a scam. 703 billion o/s. Legal, If they file by the 17th which shows that this is a legit company and the 25th SEC hearing then pump away and get new investors. But right now it looks like a scam, smells like and scam. So to people it looks like you are trying to scam new investors in to lose there money. Trying to convince them that there is no problems here and they will be rich if they invest.
As I said. After the 25th if CMKX proves us wrong then I will help you pump this. But until then, I feel anyone trying to convince others to buy this is low.
Ric I agree with you 100% on your take of this current situation with CMKX. BUYER BEWARE, but if all pans out after the 25th I to will promote the stock. But until then I could not live with myself promoting what appears to be a scam Posted by bill1352 on :
legel...there are so many in bed together on this a holiday inn couldn't hold them according to the cult. & maybe some of it is true. but cmkx by itself, the shares of cmkx are worthless & will always be. UC has screwed up this thing so bad its hopeless. maybe he did rely on morons for direction & if so it goes a lot deeper then just a few ppl. the t/a had to be in on it, the david whatever hired in 2003 to keep the books, roger glen, the lawyers before him, UC himself. all of these groups & ppl had to just plain stick it to the shareholders. & dont start about its all ok because of a massive naked short. you really think the mm's are so foolish as to leave their flank open to attack over a small unproven pink sheet stock? with an average yr to date pps of about .0002?? as for rolling it into CIM , they already have an o/s that kills any real value. forget the 20 billion not added to the divy. 20 billion by itself ends all hope
Posted by legaleagle on :
quote:Originally posted by Doctoall:
quote:Originally posted by legaleagle: I guess that was meant to intimidate me Doc. Good Luck.
Not at all, just thought that your post were interesting to say the least, falls in line with the philosophy of CMKX and pumping false statements. Not intended to intimidate just intended to let SEC see what kind of information is out there and who is trying to promote a useless stock.
I can't stop a person with no consideration for fellow human beings from posting and trying to lure the unsuspecting into the CMKX trap. Have at it
Actually I think it is a good idea. But let's keep it as balanced as this board. I could gather up a few basher posts and submit them as well. However, I can't stop a person with no consideration for fellow human beings from posting and trying to support the crooked MM's and DTCC in covering thier little naked @sses.
Posted by travler122 on :
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 11, 2005
CMKM DIAMONDS, INC.
(Exact name of registrant as specified in its charter)
Nevada 000-26919 90-0070390
(State of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
5375 Procyon St., Suite 101
Las Vegas, Nevada
89118
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including are code: (877) 752-3755
Casavant Mining Kimberlite International, Inc.
(Former name)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On April 11, 2005, the Company filed its answers to the allegations contained in the SEC's Order Instituting Administrative Proceeding and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934. A copy of the Company's answer is attached hereto as exhibit 99-1.
The information in 7.01 of this Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
A copy of the SEC's order instituting the administrative hearing can be viewed on the SEC's website. (www.sec.gov)
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Exhibit Title of Description
99-1 The Company's answer to the SEC's order instituting an administrative hearing dated April 11, 2005.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CMKM Diamonds, Inc., by its attorneys, Stoecklein Law Group, by Donald J. Stoecklein answers the allegations contained in the Order Instituting Administrative Proceeding and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934 (the "Act"), as follows:
RESPONDENT'S STATEMENT OF FACTS
CMKM DIAMONDS INC. was originally incorporated in the State of Delaware on or about June 9, 1998 as Cyber Mark International Corp. ("Cyber"). On August 3, 1999 Cyber filed a 10-SB12G Registration Statement with the Securities and Exchange Commission to voluntarily become a registrant under Section 12(g) of the Act, which Registration Statement became effective October 4, 1999. At this time Cyber had 6,104,300 shares of common stock issued and outstanding to approximately 41 stockholders.
Cyber's common stock began trading on the Over-the-Counter Bulletin Board on February 15, 2000 under the trading symbol "CMKI".
Cyber's original auditor, Citran Cooperman & Company, LLP served as independent auditors for Cyber from the period ended December 31, 1998 until May 18, 2001, at which time Cyber engaged the services of David E. Coffey, CPA. Mr. Coffey continued as the Registrant's auditor until January 15, 2003.
On or about April 18, 2002, Cyber filed Articles of Conversion with the Secretary of State of the State of Nevada, in order to change its corporate domicile, resulting in Cyber becoming a Nevada Corporation.
On or about November 25, 2002, Cyber entered into a Claims Purchase and Exploration Rights Agreement with Urban Casavant, Individually and as Agent for Fort A LA Corne Diamond Fields, Inc., Buckshot Holdings, Ltd., Commando Holdings, Ltd, 191919307 Saskatchewan Ltd, 101012190 Saskatchewan Ltd, 101027101 Saskatchewan Ltd and Morgan Minerals, Inc. collectively "Sellers," wherein Sellers conveyed to Cyber all rights, title and interest in the exclusive mineral exploration and mining rights on all or any portion of the Property Claims defined within the Agreement, in exchange for 2,800,000,000 shares of Cyber's restricted common stock with registration rights and $2,000,000. Upon effectiveness of the Agreement, Ian McIntyre, Cyber's then current officer and director, prior to his resignation appointed: (i) Urban Casavant as Chairman of the Board, President and CEO; (ii) Carolyn Casavant as a member of the Board of Directors and as Vice President of Claims; and (iii) Wesley Casavant as Secretary/Treasurer. Urban Casavant, Carolyn Casavant, nor Wesley Casavant had U.S. public company reporting experience at the time of their appointments. As a result of the acquisition Agreements, on or about December 3, 2002, Cyber's Articles of Incorporation were amended to change its name to Casavant Mining Kimberlite International, Inc. ("CMKM").
On December 3, 2002, CMKM hired David DeSormeau, a 32 year veteran of financial accounting systems, to act as CMKM's CFO and to work with the auditor to ensure seamless integration with newly enacted Securities and Exchange Commission auditing practices for public companies. Approximately one month after Mr. DeSormeau's engagement, CMKM's auditor resigned. On or about January 15, 2003, at a meeting of a majority of stockholders, Mr. DeSormeau was appointed as a director and Treasurer. Due to CMKM's inability to file its Form 10-KSB on or before March 31, 2003 for the period ended December 31, 2002, CMKM began trading on the "pink sheets" on May 23, 2003, whereon generally, 12g reporting is not a requirement.
On July 22, 2003, upon the advice of counsel, a Form 15 pursuant to Rule 12g-4(a)(1)(i) was filed as certification and notice of termination of registration under Section 12(g) of the Act, stating that at the time of filing the Form 15 CMKM had approximately 300 stockholders of record. A copy of the Form 15 is attached as Exhibit A.
On or about February 5, 2004, CMKM's Articles of Incorporation were amended to change its name to CMKM Diamonds Inc. (the "Company").
On June 4, 2004, the Company retained the services of Roger Glenn, Esq. from the New York law firm Edwards & Angell LLP to assist in preparing the required SEC reports in anticipation of requesting a market maker to resubmit the Company to the Over-the- Counter Bulletin Board for quotation. In a press release dated June 16, 2004, Mr. Glenn was quoted as stating "We have been retained by the Company to resolve the problems it has been facing, and we expect to devote significant efforts immediately toward that goal. The company has advised us that it is dedicated to complying fully with all requirements on it, and we are pleased to act as counsel to it on that basis". In July of 2004, Mr. Casavant suffered a stroke, which left him with no alternative but to rely upon the professionals he had retained to oversee the Company operations until he completed rehabilitation and was able to take control again.
The Company continued its efforts to bring its filings up to date by engaging Neil Levine, of the Firm of Bagell, Josephs & Company, LLC, as independent auditor.
During the 3 rd or 4 th quarter of 2004, the Enforcement Division launched an investigation in the "Matter of U.S. Canadian Minerals, Inc. LA-2937." Under the umbrella of the LA-2937 investigation, the Enforcement Division caused the issuance of subpoenas, deposed and interrogated CMKM Diamonds' consultants and management, inclusive of the Company's new auditor, the Company's financial consultant, and Edwards & Angell LLP. In addition, a subpoena was issued directly to CMKM Diamonds, whereunder the Company supplied significant information to the Commission, including substantial information regarding the Company's mining claims. Urban Casavant, the Company's sole officer and director, as a result of a recent stroke and under the advice of counsel, asserted his 5 th Amendment privilege.
In February of 2005, it was clear to Company management that they needed to be more aggressive if they were to complete the necessary reports for filing with the SEC and to enable a market maker to sponsor the Company to the Over-the-Counter Bulletin Board. Therefore, the Company appointed Mr. Robert Maheu to the Board of Directors in order to oversee the necessary regulatory requirements. Mr. Maheu, on behalf of the Company, immediately retained the services of Stoecklein Law Group on February 7, 2005 for the primary purpose of coordinating the preparation of all reports due under the Act for the respective missing periods. Upon its initial due diligence of the Company, Stoecklein Law Group realized that at the time of filing the initial Form 15, the Company had 698 stockholders of record and that the filing of a Form 15 was not available to the Company as of July of 2003.
On February 15, 2005, Stoecklein Law Group contacted the Division of Corporate Finance for a determination as to the most appropriate method of bringing the Company in compliance with Section 13(a). (See letter from Stoecklein Law Group to Division of Corporation Finance dated February 16, 2005, a copy of which is attached as Exhibit B). On February 17, 2005, Stoecklein Law Group advised the Company to file a Form 15/A which resulted in the Company being subject to the reporting requirements of Section 12(g) of the Act. (A copy of the Form 15/A, filed on February 17, 2005 is attached as Exhibit C). From the date of the filing of the Form 15 (July 22, 2003) until contact with the Securities and Exchange Commission, Division of Corporate Finance by Stoecklein Law Group on February 4, 2005, the Company was under the belief that it was not required to file periodic reports pursuant to Section 13(a) of the Exchange Act. It should be further noted that even though the filing of the Form 15 was flawed on its face, there was no response from the Securities and Exchange Commission to the Company.
During March 2005 a financial consulting firm was retained to assist the Company in its financial statements and logistical coordination was commenced between management, the financial consulting firm, the audit firm, Stoecklein Law Group, and the transfer agent.
On March 16, 2005, the Division of Enforcement filed the Order Instituting Administrative Proceeding against the Company. The Company believes that as a result of the Enforcement Division investigation in LA-2937, the Enforcement Division caused the issuance of a temporary trading suspension on March 3, 2005 and the issuance of the Order Instituting Administrative Proceeding on March 16, 2005. While the actions by the Enforcement Division are designed to be remedial, they may in fact be causing a punitive effect on the Company's stockholders by further perpetuating a growing "naked short" position in the Company's stock, as alleged by numerous stockholders.
WITH RESPECT TO SECTION I
Respondent CMKM Diamonds admits, upon information and belief, that the Commission's public official files disclose the matters set forth in paragraph 1, and refers to said files for their contents.
WITH RESPECT TO SECTION II
With respect to paragraph 1 of Section II, Respondent CMKM Diamonds: admits, that Respondent is a Nevada corporation based in Las Vegas, Nevada; admits that Respondent CMKM Diamonds' common stock is registered under Section 12(g) of the Exchange Act; however, Respondent CMKM Diamonds alleges that it does not have and cannot obtain information sufficient to admit or deny any other allegations contained in such paragraph, and on that basis denies such allegations.
With respect to paragraph 2 of Section II, Respondent CMKM Diamonds admits, upon information and belief, that the Commission's Section 13(a) of the Exchange Act rules disclose the matters set forth in paragraph 2, and refers to said files for their contents.
With respect to paragraph 3 of Section II, Respondent CMKM Diamonds admits the allegations contained in such paragraph.
With respect to paragraph 4 of Section II, Respondent CMKM Diamonds does not have and cannot obtain information sufficient to admit or deny the allegations contained in paragraph 4, except admits that a Form 15 was filed under the name of Casavant Mining Kimberlite International, Inc. on July 22, 2003.
With respect to paragraph 5 of Section II, Respondent CMKM Diamonds admits the allegations contained in such paragraph.
With respect to paragraph 6 of Section II, Respondent CMKM Diamonds denies the allegations contained in such paragraph.
WITH RESPECT TO SECTION III
With respect to Section III, Respondent CMKM Diamonds does not have and cannot obtain information sufficient to admit or deny the statements contained in said paragraph, however, denies that a public administrative proceeding instituted pursuant to Section 12(j) of the Exchange Act is appropriate for the protection of investors.
With respect to Section IV, Respondent CMKM Diamonds admits, upon information and belief, that the Commission's public official files disclose the matters set forth in said Section, and refers to said files for their contents, and the Orders stated therein.
This Respondent, CMKM Diamonds denies each and every allegation of the Division of Enforcement not herein admitted, qualified, or denied.
FIRST AFFIRMATIVE DEFENSE
Respondent CMKM Diamonds alleges and believes that the Commission lacks authority to conduct the proceedings herein.
SECOND AFFIRMATIVE DEFENSE
The allegations of the Office of the Division of Enforcement fail to state a claim upon which the Commission can render sanctions as requested in Section III B of the Order Instituting Administrative Proceeding.
THIRD AFFIRMATIVE DEFENSE
The allegations of the Office of the Division of Enforcement are barred by laches.
In light of the allegations contained in Section II, paragraph 1 and paragraph 2, of the Division of Enforcement, the allegations that the Commission deems it necessary and appropriate for the protection of investors that a public administrative proceeding be instituted against Respondent CMKM Diamonds, Inc. to suspend for a period not exceeding twelve months, or revoke the registration of each class of CMKM Diamonds' securities is inconsistent with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder.
FIFTH AFFIRMATIVE DEFENSE
In light of the Statement of Facts as enunciated by Respondent, Respondent deems the sanctions as proposed by the Division of Enforcement to be punitive remedies against individual and indispensable parties who have not had an opportunity for appearance herein, and on that basis it would be unconstitutional for the Commission to take any disciplinary action based thereon.
SIXTH AFFIRMATIVE DEFENSE
In light of the Statement of Facts as enunciated by Respondent, Respondent deems the sanctions as proposed by the Division of Enforcement to be punitive in nature against the Respondent CMKM Diamonds for the following reasons:
Respondent, pursuant to Rule 12g-4(b), had 60 days after the filing of the amended Form 15 on February 17, 2005, which would be on or about April 17, 2005, to file its reports. Respondent's actions lack egregiousness, in that its obligations did not occur until after the filing by the Commission of the Order at hand.
9
Respondent's actions were isolated and not recurrent in that once the Respondent learned of the requirement for filing the amended Form 15 on February 15, 2005, the Respondent immediately commenced setting into motion the preparation of financial statements, setting meetings with the Company's auditor, and counsel for the Company in anticipation of the preparation of the periodic reports.
Respondent lacked the scienter required for willful misconduct, in that Respondent relied on the advice of counsel indicating that no reports were required after the filing of the Form 15 on July 22, 2003.
Respondent has demonstrated the sincerity of Respondent's assurances against future violations by nominating an additional board member for purposes of conducting an internal investigation of the Respondent's corporate matters, setting up procedural internal controls, and setting into motion the coordination of bringing current the outstanding periodic reports. As a result, significant dollars have been spent by Respondent to assure its corporate compliance with the reporting requirements of the Act.
Respondent recognizes that it was of the mistaken belief that Respondent was not required to file periodic reports as of July 22, 2003, and has recognized the wrongful nature of its failure, and has taken corrective action.
Respondent has established significant reporting controls to provide assurances that Respondent will not either mistakenly, or intentionally violate the reporting requirements, once such reports are brought up to date and current.
Respondent's financial position is such that Respondent is able to incur the costs associated with its reporting obligations.
Respondent has retained professionals specializing in federal securities and public company reporting requirements and is sincere in its desire to continue with its reporting requirements under the Act.
SEVENTH AFFIRMATIVE DEFENSE
That the relief sought in Section III B is vague and ambiguous.
EIGHTH AFFIRMATIVE DEFENSE
In Section II, paragraph 3 the Division of Enforcement alleges that CMKM Diamonds has not filed an Annual Report on either Form 10-K or Form 10-KSB since May 9, 2002, or quarterly reports on either Form 10-Q or Form 10-QSB since November 18, 2002. Respondents first missed filing of a periodic report was on March 31, 2003, when the Respondent's did not file its Form 10-KSB for the period ending December 31, 2002. In Section II, paragraph 4 the Division of Enforcement alleges that CMKM Diamonds filed a Form 15 on or about July 22, 2003. Respondent was under the belief, mistaken or otherwise, that its duties as an issuer was suspended immediately upon filing its Form 15 certification pursuant to 12g-4(b). Therefore, Respondents failure to comply, if at all, with Section 13(a) was not known until February 15, 2005, when counsel for the Respondent discovered the error, and filed the amended Form 15, thereby subjecting the Respondent to its reporting obligations.
Respondent alleges as an Eighth Affirmative Defense that pursuant to 12g-4(b), Respondent was entitled to a 60 day period, expiring on April 17, 2005, following the filing of the Form 15/A to bring its missing reports current. Therefore, any proceeding to revoke or suspend the registration of the Respondent's securities is premature.
NINTH AFFIRMATIVE DEFENSE
In light of the allegations contained in Section II, paragraph 1 and paragraph 2, by the Division of Enforcement, the allegations that the Commission deems it necessary and appropriate for the protection of investors that a public administrative proceeding be instituted against Respondent CMKM Diamonds, Inc. to suspend for a period not exceeding twelve months, or revoke the registration of each class of CMKM Diamonds' securities is inconsistent with the allegations contained in such paragraphs. The purpose of the sanction imposed is intended to be remedial in nature, not to punish the respondent or its stockholders but to protect the public, to achieve voluntary compliance with the law and to deter the respondent from future violations.
As an affirmative defense to the proposed sanctions, Respondent proposes that Respondent: (i) has no prior record of non-compliance with SEC regulations; (ii) has voluntarily taken corrective action by contacting the Commission itself prior to the issuance of an Order Instituting Administrative Proceeding; (iii) has demonstrated to the Commission a willingness to take corrective action; (iv) has cooperated with the Commission; (v) the alleged violations are not fraudulent in nature; (vi) there was no intent by Respondent to not comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder; (vii) Respondent's management was inexperienced in operating a public company; (viii) Respondent's sole officer and director suffered serious health issues during a portion of the time period referenced; (ix) Respondent relied upon the professional advice of prior counsel in filing the original Form 15; and (x) Respondent brought to the attention of the Commission, the very issue for which the Commission has instituted the Administrative Hearing.
WHEREFORE, having fully answered, Respondent, CMKM Diamonds Inc. pray:
That the relief described in Section III B of the Order Instituting Administrative Proceeding be denied and the proceedings herein dismissed; and
That Respondent CMKM Diamonds be given all and such other further relief as the Commissioner may deem just and proper.
Respectfully submitted,
/s/ Stoecklein Law Group
Stoecklein Law Group
Donald J. Stoecklein
Counsel for CMKM Diamonds Inc.
Emerald Plaza
402 West Broadway
Suite 400
San Diego, California 92101
(619) 595-4882
(619) 595-4883
Posted by legaleagle on :
FROM ZOOMINGSTOCKS
CMKX: Who is Making Money on CMKX?
Some conscientious readers sent us emails asking some very good questions that we felt should be addressed to the entire CMKX body of shareholders. These questions are very apropos for today's CMKX investor. First, let me share with you one email that we received.
"From: CMKX Shareholder To: info@zoomingstocks.com Subj: CMKX
Why is it that everyone else makes the money here, it seems the owners of CMKX and theirs are doing well, the naked shorters are doing well, but the stockholders are suffering? Can't the company do anything to stop the naked shorting and force a short squeeze?
I myself am not wealthy but I put all my daughter and I have into this company weeks after it started reporting as a diamond mining company in early 2003. It shows such promise. And what is with the stocks they passed out that aren't really stocks at all but more like IOU's? Who is going to coach us into how to grow our own company and let the naked shorters be squeezed? What is the best strategy for that?
Is the attorney hired by the investors to protect them from the SEC a good idea? Should we all be sending in our twenty five dollars? I am not sure what is going on. I do like that you mentioned it is the stock play of the century but you did fail to tell us which century.
Virginia Stockholder of CMKX"
Where's the Beef?
As you can see one of the primary issues is "Who is making money here?" I also want to ask that question and see if we can arrive at some answers.
In the case of the CMKX Owner's making money and doing well, I have doubts about that. The CMKX Management is expending money's for drilling operations, attorneys, the CMKXtreme Machine and other racing ventures. Based on common knowledge and the things we know about CMKX there is no revenue stream coming into the company. They have a high monthly burn-rate because of ongoing activities and no money coming in that has been reported. They have yet to issue any reports about the sale of property, diamonds or anything. Therefore, it is difficult to believe that they are making any money.
Additionally, a company only makes money on their initial entry into the market. This means an Initial Public Offering or a Reverse Merger into the market through a shell, which is what CMKM Diamonds did a couple of years ago when they bought the CMKI shell. Subsequent sale of stock is in the market and only market makers and brokers make money from the transactions. Therefore, CMKX has not made any money on the sale of stock in the market since on or about September 2002.
The naked shorters, if they in fact exist, of course are making money as would be any market makers involved in shorting CMKX. At this time other than events reported in the past year concerning the O'Quinn Task Force and other articles concerning known market maker activity, we in fact know very little about who is actually behind this egregious act. To acknowledge the severity of what is going on with naked short selling, naked short selling in many opinions, is a term that legitimizes an act of "thievery" perpetrated by institutions that have been tasked with the care and feeding of our economy. The abuse on the "stock borrow program" to naked short Pink Sheet and OTCBB stocks should be acknowledged as being more serious that it is being made out to be.
A shareholder from Canada wrote to us, responding to our recent press release and had this to say:
"Just one comment - the words naked shorting means nothing to the general public. I see the SEC and Donaldson using the word shorting in front of senators to try to fool them. Let's start calling this what it is "Share counterfeiting." Counterfeiting has a solid ring to it and the public needs to understand it is wrong."
The reader's comment puts things in perspective. It is illegal to counterfeit U.S. currency but not illegal to counterfeit stock shares which is representative of "investor money". Basically, it appears that they are walking away with the money and leaving the investor holding a "bogus" piece of electronic paper that says they own stock in a company when they really do not. What is wrong with this picture! Counterfeiting is counterfeiting and stealing is stealing. When is it going to end?
This begs the question, "What can the company do about the "share counterfeiting" and how can they force a short squeeze?" What does it take to force a "short squeeze" and can CMKX do anything about it with such a huge share structure? There are many ways to accomplish a short squeeze and the opinions vary from investor to investor. The problem we are experiencing is beyond anything that any of us can conceive. The only way to correct this problem is on a large scale. Our government, (The SEC), will actually have to step up to the plate in support of investors to correct the problem. Regulation SHO has so much promise, but has yet to be enforced to the point where anyone (institutions) has had to pay the price for these crimes. It is time for the SEC to enforce Regulation SHO and protect the individual investor and the companies that are trying to live out their dreams of being successful public companies.
Where are the Divys?
Our first responder also alluded in the email about the U. S. Canadian Minerals, (USCA), Juina Mining Company, (GEMM) and Casavant International Mining, (no symbol), dividends that were received some months ago. Are they in fact "IOU's", "placeholders", "frames", call it what you will, but did investors actually receive a dividend? That question is still "up in the air" as are many of the issues that we face today as CMKX investors. I am certain that CMKX shareholders would love a response from the company on what in fact transpired with these dividends and how do they fit in the overall strategy to increase shareholder value. And what about the second GEMM dividend that was announced to shareholders but was never received? That is a question for the U.S. Canadian Minerals, Juina Mining Company folks to address. However, CMKM Diamonds should be seeking those answers for their shareholders who have been kept waiting.
Mass Representation by an Attorney?
Our reader asked the question "Is the attorney hired by the investors to protect them from the SEC a good idea? Should we be sending in our twenty five dollars?" Of course, shareholders need to do what they are comfortable doing, especially if it means that they have to pay money for it. Will the shareholders see any value from the contribution to the cause? That remains to be seen because each person will evaluate the process differently. Is it worth the money to be represented and will it accomplish anything? The administrative hearing is for CMKM management to present evidence to support their failure to provide periodic filings in accordance with SEC regulations and resolve some other matters dealing with governance issues. Is this the appropriate time for shareholders to be stepping in and possibly complicating the hearing by requesting to be represented? The only time that the shareholders interests will be considered is during the deliberations where it will be determined if suspension or revocation is in order. During the rest of the proceedings the shareholders will not have any reason to be represented.
Shareholders at large are feeling powerless and feel that the SEC representing them as a "protector" of the people is ineffective. If their aim is to protect investors, then how will suspending the company's trading or revoking their securities help or benefit the shareholder? It does not appear that there would be benefit to the shareholder if this were to happen. The SEC does not seem to have any control of the counterfeiting of shares. The fact that millions of investors, and thousands of companies are getting "ripped off" is evidence of the SEC's lack of control. Yet the SEC claims to be protecting the investor from companies that they feel are not compliant with regulations put in place for the protection of the individual investor. Kind of hard to get our arms around that one, however, we need to let our justice system work and let CMKX management have their "day in court" to present their case and continue making progress towards correcting the problems of the past.
In answer to the question of paying $25.00, that is an individual decision each investor will have to make and live with. Some investors feel that it is worth investing the money while others feel that shareholders will only be assisting the initial client defray his attorney fees by having other investors contribute. In the end it remains an individual decision.
Stock Play of the Century?
Which century you say? Well we certainly hope that it is this century, this year, and this month that investors receive "full disclosure" as a result of the administrative hearing. Many CMKX shareholders will be attending the hearing and will get the word out quickly as to the resolution of these issues.
"Additionally, a company only makes money on their initial entry into the market. This means an Initial Public Offering or a Reverse Merger into the market through a shell, which is what CMKM Diamonds did a couple of years ago when they bought the CMKI shell. Subsequent sale of stock is in the market and only market makers and brokers make money from the transactions. Therefore, CMKX has not made any money on the sale of stock in the market since on or about September 2002."
If this is true then someone please explain to me the following. This is from the 10QSB filed Nov 18, 2002 As of September 30, 2002, 352,223,510 shares of the Issuer's Common Stock were outstanding. If the company is now at 703 Billion outstanding shares then CMKX must have done something to get more shares into the market place and you can't tell me that they didn't make money on this. 700 Billion shares at .0001 is $70 Million. Even if Urban has kept half so he has controlling shares, that is $35 Million if sold at .0001. If he has been selling all along then he has made much more than this from the sounds of things.
I have no idea how they got the additional shares into the market but it makes me go hmmm.
Posted by Doctoall on :
Legal I think I hear Urban calling for you, he needs you to wipe his * Posted by Doctoall on :
CMKX IS A SCAM NOTHING MORE AND NOTHING LESS
BUYER BEWARE, DON'T DRINK LEGAL'S KOOL AID
Posted by ed19363 on :
Legal, I only have one question, and if you can answer it I'll help you pump.... CMKX is now filing only PRs that explain what has happened with the SEC.
Why cant they file useful information, like drilling results, all the numbers we need to figure out what we have, etc etc.????
And dont tell me the SEC is preventing them from giving information to the shareholders. Maheu himself said they would be forthcoming with more info to keep the shareholders updated. Where is it??
If it's a scam, it's a good one. Personally, I'm telling everyone NOT to buy until all this is straightened out.
Posted by legaleagle on :
quote:Originally posted by ed19363: Legal, I only have one question, and if you can answer it I'll help you pump.... CMKX is now filing only PRs that explain what has happened with the SEC.
Why cant they file useful information, like drilling results, all the numbers we need to figure out what we have, etc etc.????
And dont tell me the SEC is preventing them from giving information to the shareholders. Maheu himself said they would be forthcoming with more info to keep the shareholders updated. Where is it??
If it's a scam, it's a good one. Personally, I'm telling everyone NOT to buy until all this is straightened out.
Read the post above from Zooming Stocks.
Posted by Wallace#1 on :
Legal is trying to divert attention from anyone contacting the SEC about their convictions, so I am reposting the following:
For those of you who wish to complain to the SEC concerning Urban Casavant, CMKX, statements made by CMKX officials, statements made by their current law firm and the complete disregard and violation of shareholder interests by Casavant and/or CMKX the address is as follows:
I intend to ask the SEC to apply all the pressure possible in getting out the truth, in getting information (financial and otherwise) published and not to give them an easy out with leniency. I believe they should be punished to the fullest extent possible under the laws.
The more of us that contact the SEC with prior information of which they may not be aware the greater will be the favorable outcome and shareholders will finally have a voice. CONTACT THE SEC WITH YOU INFORMATION AND CONCERNS!!!!! I have already done so.
Legal also reposted a post which included the following:
"7)CMKX's lawyer is "David Stoecklein". 8)USCA gave money to "Crystalix" 9)John Dhonau is President of Crystalix 10)Ed Dhonau is said to be one of the largest shareholders of both CMKX and USCA."
If I remember correctly, it was Ed Dhonau who has a somewhat questionable past involving sales of securities.
The approach UC and law firm are taking is "A good offense makes the best defense". Hopefully, it will not work with the SEC. Send the SEC all the information you can to thwart any cover-up and lies.
Posted by legaleagle on :
Shareholders Members Group numbers give us some idea of the naked short. And this group is growing daily.
kahuna God of Diamonds
member is offline
Gender: Posts: 531 The highest NSS known to mankind... « Thread started on: Today at 12:44pm »
-------------------------------------------------------------------------------- Well, here it is. I was cruisin the boards to see whats out there today when I caught CDLIC post about the cmkm group and the shares they represent..
577 members
85,994,159,301 shares
OK Great. Now lets take the law of averages here and multiply both by a factor of 100 to try to get to an approximate total of shareholders in cmkx.
57700 members
8,599,415,930,100
ok that share number is 8 trillion...
now, this is just taking two numbers which is fact, multiplying by a hundred to get an approximate shareholder base...
If the NSS is anywhere near this, then what is the correct action that should be taken here. I mean this has never been concieved before much less brought to light tothe public
Posted by ed19363 on :
That is not an answer....there are too many posts. Why is the information not being given to shareholders?
Simple question? Can you answer it, or are you as full of BS as your posts?
Posted by legaleagle on :
quote:Originally posted by Wallace#1: Legal is trying to divert attention from anyone contacting the SEC about their convictions, so I am reposting the following:
For those of you who wish to complain to the SEC concerning Urban Casavant, CMKX, statements made by CMKX officials, statements made by their current law firm and the complete disregard and violation of shareholder interests by Casavant and/or CMKX the address is as follows:
I intend to ask the SEC to apply all the pressure possible in getting out the truth, in getting information (financial and otherwise) published and not to give them an easy out with leniency. I believe they should be punished to the fullest extent possible under the laws.
The more of us that contact the SEC with prior information of which they may not be aware the greater will be the favorable outcome and shareholders will finally have a voice. CONTACT THE SEC WITH YOU INFORMATION AND CONCERNS!!!!! I have already done so.
Legal also reposted a post which included the following:
"7)CMKX's lawyer is "David Stoecklein". 8)USCA gave money to "Crystalix" 9)John Dhonau is President of Crystalix 10)Ed Dhonau is said to be one of the largest shareholders of both CMKX and USCA."
If I remember correctly, it was Ed Dhonau who has a somewhat questionable past involving sales of securities.
The approach UC and law firm are taking is "A good offense makes the best defense". Hopefully, it will not work with the SEC. Send the SEC all the information you can to thwart any cover-up and lies.
No need to divert from such pathetic attempts. I encourage all to contact the SEC with any information that they have concerning this company. And including any evidence of "pumping" and "bashing". If you are seeking an escalation Wallace, to add to your "importance", I say, "Bring it on, bud."
Posted by glassman on :
legal? i'm not a UC buff by any means, but i've heard over and over again how he has so much experience in business, now they claim the ignorance defense?
Posted by legaleagle on :
quote:Originally posted by ed19363: That is not an answer....there are too many posts. Why is the information not being given to shareholders?
Simple question? Can you answer it, or are you as full of BS as your posts?
ed, information given to shareholders is information given to the DTCC, MM's, and competitors. CMKX is involved in a war, they aren't going to give away their positions to the enemy.
Posted by Wallace#1 on :
Another point that must be made is with reference to legal's posts about the NYSE specialists. He, again by inuendo, is trying to suggest all market makers are crooked. That is like saying if a few cops/detectives are found to be crooked, then all are crooked. In the Phila. area a cop was just caught trying to lure a 14 year old girl into sex. Does that make all of the Phila. cops sexual perverts? 50% of them? 10% of them? Where do the accusations end...at what percentage?
For those of you who do not know, the specialist is very, very similar to what is referred to as a Market Maker on the OTC and Pinks. Both are charged with making a market in securities and keeping that market orderly. That is how he is trying to transfer recent events concerning a few NYSE specialists to the entire market arena. Do not buy it!!!
Posted by ed19363 on :
Legal, that is just plain stupid. How are potential buyers supposed to do DD if there are no figures to work with? Why not put out the information, not only for the present shareholders but for prospective buyers. Your answer does not make sense.
Posted by legaleagle on :
quote:Originally posted by glassman: legal? i'm not a UC buff by any means, but i've heard over and over again how he has so much experience in business, now they claim the ignorance defense?
glass, Urban has been called an entrepreneur. There is a difference between that and the guy who has to keep the records, write the checks and balance the books. IMO it was another one of Urban's faults that caused the purported problem. TRUST. He hired and appointed people to positions that he trusted for their comptence.
Posted by ed19363 on :
The only war going on here is between CMKX and its shareholders, who have to BEG for information on a company which they supposedly own. (Yes, I consider shareholders as OWNERS of the company.)
Posted by Monopoly Money on :
can't we all just get along?
Posted by legaleagle on :
quote:Originally posted by Wallace#1: Another point that must be made is with reference to legal's posts about the NYSE specialists. He, again by inuendo, is trying to suggest all market makers are crooked. That is like saying if a few cops/detectives are found to be crooked, then all are crooked. In the Phila. area a cop was just caught trying to lure a 14 year old girl into sex. Does that make all of the Phila. cops sexual perverts? 50% of them? 10% of them? Where do the accusations end...at what percentage?
For those of you who do not know, the specialist is very, very similar to what is referred to as a Market Maker on the OTC and Pinks. Both are charged with making a market in securities and keeping that market orderly. That is how he is trying to transfer recent events concerning a few NYSE specialists to the entire market arena. Do not buy it!!!
There are many more coming Wallace. Watch the news.
Posted by ed19363 on :
quote:Originally posted by legaleagle:
quote:Originally posted by glassman: legal? i'm not a UC buff by any means, but i've heard over and over again how he has so much experience in business, now they claim the ignorance defense?
glass, Urban has been called an entrepreneur. There is a difference between that and the guy who has to keep the records, write the checks and balance the books. IMO it was another one of Urban's faults that caused the purported problem. TRUST. He hired and appointed people to positions that he trusted for their comptence.
Then he really is an idiot. I own my own company, and I know where all the money is and where its going. Anything less shows me the man should go back to being a prison guard.
Posted by Wallace#1 on :
It is becoming more and more obvious that legal does not really want any of you contacting the SEC. For some reason, he is fighting that much too hard. More and more it appears that he may truly be a paid pumper. Sense the fear? Sense the contradictions....even about contacting the SEC? On the one hand he says you need proof. On the other, he says contact them anyway.
Do contact them with your ideas, information and requirements for prudent investing as it concerns CMKX or any other company.
Posted by Doctoall on :
quote:Originally posted by legaleagle:
quote:Originally posted by glassman: legal? i'm not a UC buff by any means, but i've heard over and over again how he has so much experience in business, now they claim the ignorance defense?
glass, Urban has been called an entrepreneur. There is a difference between that and the guy who has to keep the records, write the checks and balance the books. IMO it was another one of Urban's faults that caused the purported problem. TRUST. He hired and appointed people to positions that he trusted for their comptence.
Legal that is not a problerm on Urban's part that is just being plain "stupid". Love Many, Trust Few, But Always Paddle You Own Canoe" a lesson that Urban should have learned. Posted by ed19363 on :
IMO, if you dont know how to RUN a business, then you shouldnt be in one.
Posted by legaleagle on :
quote:Originally posted by Monopoly Money: can't we all just get along?
We could have MM, but as I stated above, we are at WAR. The lines have been drawn. It could have just been the company vs SEC, MM's and DTCC. But folks here have chosen to take it to the shareholders as well. Sorry, too late for peace negotiations.
Posted by Doctoall on :
quote:Originally posted by ed19363:
quote:Originally posted by legaleagle:
quote:Originally posted by glassman: legal? i'm not a UC buff by any means, but i've heard over and over again how he has so much experience in business, now they claim the ignorance defense?
glass, Urban has been called an entrepreneur. There is a difference between that and the guy who has to keep the records, write the checks and balance the books. IMO it was another one of Urban's faults that caused the purported problem. TRUST. He hired and appointed people to positions that he trusted for their comptence.
Then he really is an idiot. I own my own company, and I know where all the money is and where its going. Anything less shows me the man should go back to being a prison guard.
Better still being guarded in prison Posted by Doctoall on :
Legal if I did not know better I would bet that you are Andrew and on Urban's payroll Why else would you continue to pump a scam??
Posted by Monopoly Money on :
quote:Originally posted by legaleagle:
quote:Originally posted by Monopoly Money: can't we all just get along?
We could have MM, but as I stated above, we are at WAR. The lines have been drawn. It could have just been the company vs SEC, MM's and DTCC. But folks here have chosen to take it to the shareholders as well. Sorry, too late for peace negotiations.
in there defense legal i would be a tad bit angry if i invested in cmkx when i first started only to find out that there is almost no hope of getting any money back. but thats just me so i can understand the investors frestration. This is an outsiders view peaking in throught the window just from the preformance the stock has done and what i see on the boards. Not meant to down play anyone ...
as always just an observation Posted by Doctoall on :
quote:Originally posted by legaleagle:
quote:Originally posted by Monopoly Money: can't we all just get along?
We could have MM, but as I stated above, we are at WAR. The lines have been drawn. It could have just been the company vs SEC, MM's and DTCC. But folks here have chosen to take it to the shareholders as well. Sorry, too late for peace negotiations.
Exactly my feelings its time for us shareholders to take it to the SEC and get some answers. I encourage every shareholder to write the SEC and demand answers and demand that CMKX not be allowed to trade until we get those answers.
Posted by legaleagle on :
quote:Originally posted by Doctoall: Legal if I did not know better I would bet that you are Andrew and on Urban's payroll Why else would you continue to pump a scam??
Doc are you on one of those self-prescribed meds today? LOL. Andy doesn't even pretend to know anything about the company.
Posted by ed19363 on :
The question still remains, Where are the PRs?? Legal, you can post 144 pages of crap from other boards, and until that question is answered, your postings are B+U+L+L+S+H+I+T !!!!!
Posted by legaleagle on :
quote:Originally posted by Doctoall:
quote:Originally posted by legaleagle:
quote:Originally posted by Monopoly Money: can't we all just get along?
We could have MM, but as I stated above, we are at WAR. The lines have been drawn. It could have just been the company vs SEC, MM's and DTCC. But folks here have chosen to take it to the shareholders as well. Sorry, too late for peace negotiations.
Exactly my feelings its time for us shareholders to take it to the SEC and get some answers. I encourage every shareholder to write the SEC and demand answers and demand that CMKX not be allowed to trade until we get those answers.
There ya go Doc, find a good attorney, collect $25 from folks here, and form a Basher's Group to intervene in the action. You all talk a lot, put your money where your typing fingers are.
Posted by legaleagle on :
quote:Originally posted by ed19363: The question still remains, Where are the PRs?? Legal, you can post 144 pages of crap from other boards, and until that question is answered, your postings are B+U+L+L+S+H+I+T !!!!!
And here I thought that I answered that question and you were going to join me in my "pumping". Oh well, there goes another $25 into the pool.
Posted by ed19363 on :
No, you havent answered anything. All you do is pump when there is nothing to pump. I want to know how you can do that without any numbers except imaginary ones to work with?
Why cant the company tell us what is going on?? They accepted our money willingly enough, and now we have to beg for info? That isnt how businesses work....
Posted by legaleagle on :
Getting a little redundant there ed.
Posted by ed19363 on :
See, you cant even answer simple questions. I for one will not be reading any more of your inane posts. If there were a way to ignore you completely, I'd use it. Pump away, bud. Eventually this will either be proven as a scam or a going concern. Meanwhile I refuse to read any more of your useless crap.
Posted by Monopoly Money on :
question.. Doc do you have anything in this company?
Posted by legaleagle on :
Ed said: "See, you cant even answer simple questions. I for one will not be reading any more of your inane posts. If there were a way to ignore you completely, I'd use it. Pump away, bud. Eventually this will either be proven as a scam or a going concern. Meanwhile I refuse to read any more of your useless crap."
And the usefulness of the bashing posts is where?
Posted by Monopoly Money on :
legaleagle this is a questions for you...
with a i guess its A/S 0f 700bil how much money would the company have to produce in order to make the stock price go up ?
Posted by legaleagle on :
quote:Originally posted by Monopoly Money:
quote:Originally posted by legaleagle:
quote:Originally posted by Monopoly Money: can't we all just get along?
We could have MM, but as I stated above, we are at WAR. The lines have been drawn. It could have just been the company vs SEC, MM's and DTCC. But folks here have chosen to take it to the shareholders as well. Sorry, too late for peace negotiations.
in there defense legal i would be a tad bit angry if i invested in cmkx when i first started only to find out that there is almost no hope of getting any money back. but thats just me so i can understand the investors frestration. This is an outsiders view peaking in throught the window just from the preformance the stock has done and what i see on the boards. Not meant to down play anyone ...
as always just an observation
MM, "no hope" of getting money back is speculation by the bashers, that there is no massive NS in CMKX, that CMKX has been stealing shareholder money, that there has been no buyback of the OS by Urban and family, that the obvious NS now being exposed by indictment was not inflicted on CMKX, and finally the biggest joke, that the SEC has the shareholders best interest at heart, and is going to drag the "bully" CMKX before it's awe inspiring judicial system, and thrash it soundly.
Now in my opinion, that's a lot of speculation. If the "stuck holders" as they feel, want to be angry at someone, it should be the system that mired this company in a situation where it cannot respond.
Posted by legaleagle on :
quote:Originally posted by Monopoly Money: legaleagle this is a questions for you...
with a i guess its A/S 0f 700bil how much money would the company have to produce in order to make the stock price go up ?
MM, if the valuation is 70 billion, the target pps would be .10. However, a company usually trades higher than it's valuation indicates. The key to your question is "How many shares had Urban and family purchase back?".
If he has purchaed back, say 500 billion, and then retires them to the treasury, the OS becomes about 200 billion.
With that number in mind look at what the new shareholders group is publishing as their numbers:
Shares: 85,424,746,434 Signed Agreements: 557
Pushing 100 billion shares from 557 shareholders so far, and growing. It has been estimated that there are over 45,000 shareholders in this stock. If the shareholder group passes 300 billion over the coming days, and Urban would show up at the hearing with certs for 500 billion, CASE CLOSED. MM's line up for your orange jump suits.
Posted by Monopoly Money on :
quote:Originally posted by legaleagle:
quote:Originally posted by Monopoly Money:
quote:Originally posted by legaleagle:
quote:Originally posted by Monopoly Money: can't we all just get along?
We could have MM, but as I stated above, we are at WAR. The lines have been drawn. It could have just been the company vs SEC, MM's and DTCC. But folks here have chosen to take it to the shareholders as well. Sorry, too late for peace negotiations.
in there defense legal i would be a tad bit angry if i invested in cmkx when i first started only to find out that there is almost no hope of getting any money back. but thats just me so i can understand the investors frestration. This is an outsiders view peaking in throught the window just from the preformance the stock has done and what i see on the boards. Not meant to down play anyone ...
as always just an observation
MM, "no hope" of getting money back is speculation by the bashers, that there is no massive NS in CMKX, that CMKX has been stealing shareholder money, that there has been no buyback of the OS by Urban and family, that the obvious NS now being exposed by indictment was not inflicted on CMKX, and finally the biggest joke, that the SEC has the shareholders best interest at heart, and is going to drag the "bully" CMKX before it's awe inspiring judicial system, and thrash it soundly.
Now in my opinion, that's a lot of speculation. If the "stuck holders" as they feel, want to be angry at someone, it should be the system that mired this company in a situation where it cannot respond.
actually if you want to boil the away everything but the meat it was really the shareholders who pressed the button or made the phone call to buy. I'll agree with you putting your money in the governments hands is foolish if not outright silly but. On the Flipside how do you expect to increase the shareholder value with a O/S of 700bil + thats what confuses me cause im understanding this because if i do simple math.
700,000,000,000 * .0001 = 70,000,000 so if i understand things correctly that means you would have to make 140,000,000 or at least be worth that for the stock price to theoretically move up to .0002
just a quick search on the internet shows one mine that yeilded 750 million worth of diamonds, only problem is it was over 40 years. (source http://www.firestonediamonds.com/press/pr03071800.htm) and thats in a south african mine. So 140 million just to bump the price up to .0002 seems rather unrealistic just by my unsubstantiated numbers that i used because i dont know what raises the stock price.
Posted by Doctoall on :
quote:Originally posted by legaleagle:
quote:Originally posted by Doctoall: Legal if I did not know better I would bet that you are Andrew and on Urban's payroll Why else would you continue to pump a scam??
Doc are you on one of those self-prescribed meds today? LOL. Andy doesn't even pretend to know anything about the company.
Nope I have not taken any of the Kool Aid but it is very apparent that you need some medication to get you back to reality. I would be more than willing to give you a referral to psychiatry Posted by Doctoall on :
quote:Originally posted by Monopoly Money: question.. Doc do you have anything in this company?
Still holding 10 mil useless shares. Got in at 0.0001 and now can't even get out at 0.0001. So yes I am a shareholder and have every right to complain and also complain to the SEC.
Posted by legaleagle on :
quote:Originally posted by Doctoall:
quote:Originally posted by Monopoly Money: question.. Doc do you have anything in this company?
Still holding 10 mil useless shares. Got in at 0.0001 and now can't even get out at 0.0001. So yes I am a shareholder and have every right to complain and also complain to the SEC.
Doc, for a thousand bucks, you got a front row seat. Why wouldn't you want to see the end of the play? Or have you bought the basher line that the play is already over. Glenn, Mahue, and Stoecklein wrote the final act for this one, not the bashers.
Posted by Doctoall on :
quote:Originally posted by legaleagle:
quote:Originally posted by Doctoall:
quote:Originally posted by Monopoly Money: question.. Doc do you have anything in this company?
Still holding 10 mil useless shares. Got in at 0.0001 and now can't even get out at 0.0001. So yes I am a shareholder and have every right to complain and also complain to the SEC.
Doc, for a thousand bucks, you got a front row seat. Why wouldn't you want to see the end of the play? Or have you bought the basher line that the play is already over. Glenn, Mahue, and Stoecklein wrote the final act for this one, not the bashers.
Because the "end has come" and I face reality and not try to believe what is "not" going to happen. The reality is that Urban scammed us, plain and simple, its not a basher line, its REALITY, you really should try to get back to it You my friend are the "Jim Jones" of CMKX, leave the unsuspecting alone.
Posted by legaleagle on :
SHAREHOLDERS GROUP APPROVED FOR ENTRY INTO CMKX CASE BY JUDGE MURRAY:
quote:Originally posted by Monopoly Money: can't we all just get along?
We could have MM, but as I stated above, we are at WAR. The lines have been drawn. It could have just been the company vs SEC, MM's and DTCC. But folks here have chosen to take it to the shareholders as well. Sorry, too late for peace negotiations.
**********************************
Now do all of you see the fear? Now do you see just who the fearful are? In case you missed it, it is the faithful. Suddenly, because he disagrees with posters, it's WAR? LMAO!! Go ahead, legal, get out your little pea shooter and plan your WAR strategy. For your information, that strategy has been screwed up right from the beginning. Keep defending UC with your pea shooter philosophy (WAR). Do the same with Maheu, Glenn, Melvin and all those mad, mad posters like Sterling, etc. Show us more of that level of intelligence. Just what and to whom are you going to go squealing now? Should we all dig foxholes or are you planning to go nuclear? Hell, pal, you can be fought off with a mere glass of water. You see, BS disintegrates with water being applied.
Posted by Wallace#1 on :
With a shareholders' group admitted (limited though it may be), it is all the more important that anyone with information that may be of help to the SEC in bringing justice to the whole CMKX fiasco contact the SEC.
Remember, people at the SEC have not been following UC's operations and style to the depth and degree that most of us have. Therefore, information is key.
Now there is a group of shareholders who want to promote the same venue as the faithful (many of whom are probably included in that shareholder group). Their venue appears to be to simply allow UC and associates to continue as in the past without any accounting for actions lacking in responsiblity, intelligence and honesty.
There are many people who purchased CMKX and have lost money based upon the current pps. The responsibility for those losses rests CMKX, UC, Glenn, Melvin and others involved with CMKX. That group will not be representing you, the person who has lost money already. Instead, they have a vested interest in prolonging the agony, getting more buyers sucked in and allowing CMKX to continue as they have in the past....one way or another.
Posted by ed19363 on :
Instead of prohibiting PRs, we should encourage the SEC to ask for COMPLETE INFORMATION on the state of the stock, including all the financial filings that are missing. RIGHT NOW !!!!! Enough BS, either UC and his cronies come clean to the stockholders, or put his AZZ in jail. No more BS !!!!!!!
Posted by Wallace#1 on :
Monopoly Money,
What do you think is so important that someone must own the stock to comment about the way CMKX has been run? That's an old ploy to discourage someone from posting opinions. No offense. Some do own stock and will hold to the end. Some own stock and cannot sell it for the obvious reasons. Some have owned stock and sold it at either a profit or a loss, but no longer own it. Each and every one of the persons identified above has a say in the matter....including those that never owned it at all. Those are the people who may or may not be considering a purchase of CMKX. This is a forum where ideas, concerns, knowledge,information and otherwise should be able to be put forth. Frankly, someone who has never owned CMKX may have the most objective approach possible.
To ask if someone owns CMKX stock makes no logical sense. That has little or nothing to do with what they have to say.
Posted by ed19363 on :
I own stock-----I want my Money----Where's the beef???? Enough time spent on this turd swirling in the bowl. Either flush again, or give out some info.....NOW !!!!!!!!!!!
Posted by Wallace#1 on :
Tell the SEC, Ed.
PS: They just might get a laugh out of the way you express yourself. LOL
Posted by ed19363 on :
You better believe I will, Wallace. And the judge handling the case too...
Posted by Wallace#1 on :
It really needs to be done for various reasons, but primarily to benefit shareholders....past, present and future.
Posted by mydogsky on :
Legal from another one of your posts...
"577 members
85,994,159,301 shares"
Did you even do the math before you posted this? Simple math, even me, after all my Kool Aid can figure it out.
85,994,159,301 / 577 = 149,036,671 shares/person
and that is going on average. Which means there are some people with more than that and some people with less than that. So even if everyone averaged down until they hit $.0001/share we are talking about $14,900 invested by each one of those 577 people for a grant total of $8,597,300 invested into a pink sheet stock with no real info. Dont you think that is stretching the truth just a little...why would you post something like that?
Posted by ed19363 on :
He overdosed on Koolaid right before the post....
Posted by zoltan on :
quote:Originally posted by mydogsky: Legal from another one of your posts...
"577 members
85,994,159,301 shares"
Did you even do the math before you posted this? Simple math, even me, after all my Kool Aid can figure it out.
85,994,159,301 / 577 = 149,036,671 shares/person
and that is going on average. Which means there are some people with more than that and some people with less than that. So even if everyone averaged down until they hit $.0001/share we are talking about $14,900 invested by each one of those 577 people for a grant total of $8,597,300 invested into a pink sheet stock with no real info. Dont you think that is stretching the truth just a little...why would you post something like that?
Hhahahahhahahh Even after all the koolaid he still busts him! BURN!
Posted by legaleagle on :
Wallace said: "Remember, people at the SEC have not been following UC's operations and style to the depth and degree that most of us have. Therefore, information is key."
Wallace your arrogance cannot be surpassed. Are you trying to say that your investigations of this stock has been more thorough than the SEC investigative staff? Please remember that CMKX was thoroughly investigated during the UCAD investigation, and no charges were forthcoming.
Posted by mydogsky on :
Its been awhile since I've heard someone use the word "burn"...hey Zoltan...you an old foggy like the rest of us? =)
Posted by legaleagle on :
quote:Originally posted by mydogsky: Legal from another one of your posts...
"577 members
85,994,159,301 shares"
Did you even do the math before you posted this? Simple math, even me, after all my Kool Aid can figure it out.
85,994,159,301 / 577 = 149,036,671 shares/person
and that is going on average. Which means there are some people with more than that and some people with less than that. So even if everyone averaged down until they hit $.0001/share we are talking about $14,900 invested by each one of those 577 people for a grant total of $8,597,300 invested into a pink sheet stock with no real info. Dont you think that is stretching the truth just a little...why would you post something like that?
These are the numbers being posted from the attorneys website. It is not so incredible that those who have invested the most, want to protect that investment, and would be the first to join such a group. Some people get their investing information from sources other than Wallace, and have seen the value in this company that has convinced them of the potential.
Now that the judge has permitted the shareholder group to enter the case, you will be seeing the numbers of shareholders joining the group growing exponentially.
Posted by CHIMAN34 on :
legaleagle. They won't get revoked and they have diamonds. Some people wonder why they won't have some pr stating things they want to hear. Wait till they go to court and we will see what happens. I would think if they don't get revoked, we will start seeing pr's. The SEC saw what was just put out, go ahead people write to them if you want, whatever good that does at this point.
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: Wallace said: "Remember, people at the SEC have not been following UC's operations and style to the depth and degree that most of us have. Therefore, information is key."
Wallace your arrogance cannot be surpassed. Are you trying to say that your investigations of this stock has been more thorough than the SEC investigative staff? Please remember that CMKX was thoroughly investigated during the UCAD investigation, and no charges were forthcoming.
*****************************
Legal, please do not act a fool.
Posted by CHIMAN34 on :
Monopoly Money. Debrees or whatever they call themselves has much less land and claims than cmkx does. I forgot how much $$ they have and how much they make, but all cmkx needs is 1 kimb pipe that shows it has diamonds to start making money. Also, they do not need to mine it and get all the diamonds out, as long as they show that 1 pipe has diamonds, they can start making money on that without waiting 10 years to start mining it.
Posted by Wallace#1 on :
More BS from legal:
"and have seen the value in this company that has convinced them of the potential."
What value? Cannot even sell at .0001? What potential? Two tiny specks and a secret in some warehouse? GET REAL, LEGAL!
Posted by will on :
In the end, "Jim Jones", did the right thing for himself. It was terribly unfortunate he influenced so many others.
Posted by dwman on :
Same ole friends. Posted by will on :
Citi Group !!
Posted by dwman on :
LOL
Posted by dwman on :
quote:Originally posted by will: Citi Group !!
I love ya will. That made my day.
Posted by bill1352 on :
i leave work & drive home & all H**L breaks loose...lol & i see legel has a new buddy...welcome chiman34. wallace & ed & doc (hope i'm not missing many) good job...lol. chiman first please do not start with foolishness at least legel try's not to post complete foolishness (??? i said that) debeers has 20 times the diamond mines & claims cmkx does world wide, second debeers according to UC & cmkx bought all the o/s in going private for $16 billion. 1 kimberlite pipe will not make cmkx richer then debeers. every pipe on cmkx claims could be worth mining & it still will not surpass debeers. legel you keep running off on UC & family buying up the o/s...prove it. you ignore all logic in that statement. you say he sold it hi & bought it low. ok when did he sell it? that few months it was .0004? he sold hundreds of billions of shares only in those few months? because since this n/s crap got so popular around cmkx it has been over .0002 only a short while & mm's dont by that much stock to sell on the market at the going rate. thus your idea is not only full of holes its foolish ( see comment to chiman34) ok he sold low to buy low, there's a smart cookie. you dont flood the market at .0002 to buy back at .0001. but then again according to the new cmkx math maybe it does work. my brain can't function that slow to see it. now if i drank the kool-aide or did LSD again in large amounts maybe it would be clear to me.
Posted by Ktrain420 on :
Get um Bill!!...........LOL
Posted by bill1352 on :
howdy K...in need of entertainment i see...lol
Posted by Ktrain420 on :
LOL.........bout to go catch the tail end of happy hour.........this is a great thread for entertainment!!! im thinking about picking me up some CMKX so i can retire!!!........LOL.......if i start posting some crazy chit just remember i went to happy hour!!...nuff said......taker eazy bill......lol
Posted by bill1352 on :
enjoy K
Posted by legaleagle on :
DrillBit Diamond Hunter
member is offline
Gender: Posts: 17 THE MAHUE FACTOR « Thread started on: Today at 4:31pm »
-------------------------------------------------------------------------------- Don't for a NY minute think that Robert Mahue hasn't figured out ways to beat a corrupt SEC/DTC! After reading the CMKX response I am struck with the wordage of, paraphrasing here, ' Shareholders believe that there is a NS'. Brilliant IMO! The response not only blames Urban C. for past info being lost but NEVER states that the NEW management of CMKX has ever claimed a NS....NO....THE SHAREHOLDERS THINK SAME" This was worded perfectly to allow the response today by the Federal Judge allowing the PUBLIC RECORD to have the introduction of SEC/DTC NS. Think about the structure and ultimate seperate introduction of PROOF of a large NS on CMKX. THIS WILL NEVER SEE A COURTROOM!
Posted by Monopoly Money on :
quote:Originally posted by Doctoall:
quote:Originally posted by Monopoly Money: question.. Doc do you have anything in this company?
Still holding 10 mil useless shares. Got in at 0.0001 and now can't even get out at 0.0001. So yes I am a shareholder and have every right to complain and also complain to the SEC.
no doc please dont misunderstand me making that point... If your a stock holder and legalbegal is the IR guy for CMKX then heres how look at it. If his treatment of you is in representation of how CMKX treats their shareholders then im kinda glad i didnt invest in this company.
once again just another observeation (sorry for the late response got busy at work)
Posted by legaleagle on :
Here is co-counsel for the shareholders association. Mr Forman will be lead counsel in the hearing.
As a practicing attorney since 1987, and having served as founder, Chief Executive Officer, General Counsel or Chairman of the Board for three NASD registered broker/dealers since 1990, Mr. Forman brings a unique expertise and invaluable depth of knowledge to all of his clients, whether serving as their attorney, or whether being hired by the parties and their counsel as mediator, arbitrator or expert.
Additionally, for the microcap issuer seeking access to the capital markets, and/or guidance on a strategy to develop the market for the small issuer's publicly traded securities, Mr. Forman's network within the brokerage community and the private equity marketplace uniquely enables him to assist companies in optimizing their ability to attract capital and develop an active and liquid trading market for their securities.
Professional Experience
Mr. Forman was founder, Chairman of the Board and Chief Executive Officer of First Avantus Securities, Inc. (f/k/a First Financial Investment Securities, Inc.) from 1996 to 2002, before retiring to pursue a specialized mediation practice in the securities industry. His duties included overall management of the brokerage, corporate finance, and research and trading operations of the firm, handling all legal and regulatory affairs of the Company, and management of his clients' personal accounts.
Prior to founding First Financial, Mr. Forman served as President, Compliance Officer and General Counsel of Dallas Research & Trading, Inc. from 1991 to 1995, a boutique research and trading firm which he co-founded. His duties included all regulatory and business affairs of the firm.
In the year 2000, Mr. Forman was elected to serve on the District Committee of the National Association of Securities Dealers for District 6, and served as Vice Chairman and Chairman of the Committee in years 2001 and 2002 respectively. Mr. Forman also was elected to the NASD Small Firm Advisory Board. The Small Firm Advisory Board acts to ensure that issues of particular interest and concern to smaller member firms, and the potential impact on smaller firms of regulatory and market structure initiatives, will be effectively communicated to and considered by the NASD Board of Governors. Additionally, Mr. Forman served on the Advisory Council of the NASD, a council made up of Chairpersons of the District Committees to originate and review regulatory and market structure initiatives for the NASD membership.
Mr. Forman also founded and managed a Texas based investment advisory firm, Privet Row, Inc., which managed a series of hedge fund investments for accredited investors.
Mr. Forman serves as a Chairperson Arbitrator for the NASD. He is also included in the roster of arbitrators for the NYSE and NFA, and in the roster of mediators, consultants and experts for the Public Investors Arbitration Bar Association ("PIABA").
Prior to entering the securities industry in 1991, Mr. Forman was engaged in the private practice of law for a large law firm in Dallas, Texas. He has attended basic and advanced mediator and arbitration training, and continues his legal education in the securities regulation , business law and alternate dispute resolution fields. He is an active investor in private enterprises and stocks of publicly held companies.
Associations & Memberships
Association of Attorney Mediators, National and Central Texas Chapters
American Bar Association, Section on Dispute Resolution
Texas Bar Association, Alternative Dispute Resolution Section
Texas Bar Association, Business Law Section
Texas Bar Association, Commercial Litigation Section
Texas Bar Association, Securities Law Section
Travis County Bar Association, Dispute Resolution Section
Dallas Bar Association, Securities Section
Dallas Bar Association, Alternate Dispute Resolution Section
Dallas Bar Association, Business Litigation Section
Dallas Bar Association, Corporate Counsel Section
Houston Bar Association, Securities Litigation & Arbitration Law Section
Houston Bar Association, ADR Section
Houston Bar Association, Litigation Section
Public Investors Arbitration Bar Association, Roster of Experts, Mediators & Consultants
National Association of Securities Dealers Licenses & Training
Texas License to Practice Law (1987) Texas Approved attorney-mediator (1994) Texas Attorney-Mediators Institute, Inc., Forty-hour Course in Mediation (1994) Texas Center For Public Policy Dispute Resolution, University of Texas School of Law, One Week Mediation Course (2003) California The Straus Institute For Dispute Resolution, Pepperdine University School of Law, 16th Annual Summer Professional Skills Program in Dispute Resolution (2003) NASD Series 7 Registered Representatives License (1991 to date) NASD Series 24 General Securities Principals License (1991 to 2002) NASD Series 27 Financial & Operations Principals License (1996 to 2002) NASD Series 63 Multi-State Registered Representative License (1991 to date) Texas Life & Disability Insurance Agent (1993 to 1999, and 2000 to date) NASD Arbitrator Training and Arbitration Chairperson Training (1994-1997)
To download a PDF version of Mr. Forman's Curriculum Vitae, please Click Here.
Wallace i wasnet saying who and who does not have the right to complain about the stock i was merely making a point in the anti CMKX's defense and for new potiential investors like myself. Again i appologize for the late response.. work dicated that i couldent reply till now
Posted by will on :
"and for new potiential investors like myself"
You're kidding us, right? Just trying to rile us, aren't you? Are you seriously considering buying CMKX? If so, why?
quote:Originally posted by Monopoly Money: Wallace i wasnet saying who and who does not have the right to complain about the stock i was merely making a point in the anti CMKX's defense and for new potiential investors like myself. Again i appologize for the late response.. work dicated that i couldent reply till now
Posted by Monopoly Money on :
your missing the point of the statement will
Posted by will on :
Guess I did lol. I see "potential investors like myself", and figured you were contemplating a purchase of CMKX. Looked like that's what you said.
Posted by Dustoff101 on :
I own stock, can I post ?
sometimes I feel like an ant under a cattle stampede
Posted by Ric on :
No facts here. You don't even know what Debeers takes in but you are using it as facts.
Tell you what. You have till Monday anyway. If UC doesn't report all past SEC filings by then the lie about the form 15 isn't even the big issue when going to court.
Both you and Legal can't give hard facts but heres some for you.
1) 703 Billion o/s - What else needs to be said (sell shares for profit)
2) Form 15 was lied about - no excuse of I was to dumb will work here its not like they were 10 shareholders off. It was amost double.
3) Didn't file much more then one filing listing a change of address to another false place. Have till the 17th. Excuse, didn't keep good records there are holes. Even for tax purpose a business must keep all receipts and books for 7 years just in case of a audit. Doesn't take knowledge of a public company to know that.
4) Blame everyone else for your problems.
Man what a rippoff and you still want to pump this POS.
quote:Originally posted by CHIMAN34: Monopoly Money. Debrees or whatever they call themselves has much less land and claims than cmkx does. I forgot how much $$ they have and how much they make, but all cmkx needs is 1 kimb pipe that shows it has diamonds to start making money. Also, they do not need to mine it and get all the diamonds out, as long as they show that 1 pipe has diamonds, they can start making money on that without waiting 10 years to start mining it.
Posted by Upside on :
Damn, I missed it all too. Legal and Wallace going toe to toe, the return of dwman, everything. How come all the good stuff happens when I'm not around?
Posted by bill1352 on :
oh oh looks like the cult has a new roger glen on their side & we all know just how much he helped the situation.....lol
Posted by Dustoff101 on :
Chiman34...are you talking about the 24 inch, in diameter pipe with the diamond stuck in it...Leave it alone, it's mine!!!!!
Posted by Ric on :
"3) Didn't file much more then one filing listing a change of address to another false place. Have till the 17th. Excuse, didn't keep good records there are holes. Even for tax purpose a business must keep all receipts and books for 7 years just in case of a audit. Doesn't take knowledge of a public company to know that."
Wallace,
while you are thinking about sending evidence to SEC. You may want to send the PR about having holes in records to IRS. SEC may be slow but IRS will reem him a new one if he has been lieing on his taxes.
Posted by Wallace#1 on :
Monopoly Money,
I understood what you were saying. The one problem that always cropped up in the past discussions was that very question. It never made any sense to me.
I am very pleased that you do read forums such as this and bring up questions that are important to anyone considering trading in securities. I believe that is why many of us are here and continuing to post. I meant no offense. As far as I am concerned, CMKX is not an investment, it is a bottomless pit filled with vipers and handlers. I guarantee you, if I could find anything positive to say about it, I would. I am sorry to say that I cannot....because it doesn't appear to exist.
Posted by Monopoly Money on :
no problem wallace i just wanted to make my postition clear. i was tring not to come on as a basher/troublemaker, people who know me know i just like to make observations with humor and trust me i took no offense to what you said and could understand why you would be a little bit upset and what i said... no harm man just being nosey really:)
Posted by Wallace#1 on :
quote:Originally posted by bill1352: oh oh looks like the cult has a new roger glen on their side & we all know just how much he helped the situation.....lol
**************************** Bill, you noticed the similarities too, huh? That was my first thought when I read the CV. Is this guy going to be able to walk on water too? Maybe he just has to wear hip boots to get through all the BS.
Posted by Wallace#1 on :
Ric,
You wrote: "Wallace,
while you are thinking about sending evidence to SEC. You may want to send the PR about having holes in records to IRS. SEC may be slow but IRS will reem him a new one if he has been lieing on his taxes.'
My understanding is that the IRS reviews all types of court and SEC documentation for just such things for the obvious reasons. When it becomes a matter of official records they can really sink their teeth into the meat. Get it? "Where's the beef?"
Posted by bill1352 on :
the truth is if i'm part of the cult instead of crying fowl against the SEC i'd be saying thank you. when the SEC suspended trading the statement say they wanted to see where the shares were going, in simple terms. this in no small part probably stems from the USCA investigation. the SEC saw things that were not correct. they may not be the most helpful organization to shareholders & those that invest in stocks but they aren't evil unless they aren't doing as you want. for months even the cult has said cmkx needs to give us the facts, the o/s, the share structure. the results of the core samples, any results from new samples. is there any money other then selling shares coming in. even the believed n/s will be seen by a complete investigation. the SEC is failing shareholders in that we can see the cmkx responce but what are the exact offenses . the responce mentions differant paragraphs & sections, i want to see those paragraphs & sections. instead of saying how wrong the SEC is in doing this the cult should be thanking the SEC, they may end up with info cmkx has not wanted to share with them. if all is well as they believe then nothing bad will happen. all the company info will be known & maybe the cmkx pps will get off the pps floor & head up. if all is not well & UC is a crook as the bashers believe then why not find out now & move on with your lives, get out of dreamworld & join reality again, that is if the kool-aide hasn't made that impossible.
Posted by Ktrain420 on :
LOL>.......this is damn entertaining......LOL........GL with your investment's.....LOL
Posted by Upside on :
Originally posted by bill1352:
quote:the SEC saw things that were not correct. they may not be the most helpful organization to shareholders & those that invest in stocks but they aren't evil unless they aren't doing as you want.
That's a great point. How many would argue with shutting down Enron and Worldcom? Sure, it hurt current shareholders but protected untold numbers of future investors from suffering the same fate. Take a look at who they've investigated and shut down in the past. Those were all good things but in this one case, the SEC is a horribly corrupt entity that is out to protect their own self interests and defend a corrupt system? I just don't see it. As Bill said, the only reason they're evil this time is because they're not doing what you want.
Posted by nyyankees05 on :
quote:Originally posted by Upside: Damn, I missed it all too. Legal and Wallace going toe to toe, the return of dwman, everything. How come all the good stuff happens when I'm not around?
Posted by drgnfly on :
quote:Originally posted by ed19363: The question still remains, Where are the PRs?? Legal, you can post 144 pages of crap from other boards, and until that question is answered, your postings are B+U+L+L+S+H+I+T !!!!!
B R A V O
From now on everytime leagle spams more nonsense I'm going to counterspam with the above message.
Leagle you are 0 for 1000 give up and go home.
Posted by drgnfly on :
quote:Originally posted by legaleagle:
quote:Originally posted by Doctoall:
quote:Originally posted by Monopoly Money: question.. Doc do you have anything in this company?
Still holding 10 mil useless shares. Got in at 0.0001 and now can't even get out at 0.0001. So yes I am a shareholder and have every right to complain and also complain to the SEC.
Doc, for a thousand bucks, you got a front row seat. Why wouldn't you want to see the end of the play? Or have you bought the basher line that the play is already over. Glenn, Mahue, and Stoecklein wrote the final act for this one, not the bashers.
Leagle sorry, please go back to posting other peoples posts. When you add your own thoughts to things,,, it makes you sound like a cartoonish mad scientist that has lost all grasp of reality. All you need to do is start signing your posts with "muhahhahahaha"
Posted by legaleagle on :
Here ya go drgfly, you can spam again. But let me tell ya, you better keep that on Wordpad 'cause you're going to need it a lot.
CASE REFERENCED BY THE JUDGE IN TODAY'S ORDER:
CMKX & E-Smart Ruling Cited By The Judge
E-Smart Technologies Inc. (Read 230 times)
pps Dr. Of Diamonds
member is online
Gender: Posts: 158 E-Smart Technologies Inc. « Thread started on: Today at 4:45pm »
-------------------------------------------------------------------------------- Sorry if this was mentioned, I didn't see it brought up.
WASHINGTON, Feb. 7 /PRNewswire-FirstCall/ -- e-Smart Technologies, Inc. (OTC Pink Sheets: ESMT)("e-SMART" or the "Company") announced today that, in a regulatory action initiated in December 2002 by the Division of Enforcement of the Securities & Exchange Commission, the administrative law judge has denied the Division's request for the imposition of a sanction against e-Smart.
In a decision issued on February 3, 2005, the administrative law judge stated that the Company has "hired staff that has undertaken extensive compliance efforts to cure past reporting deficiencies and keep current with ongoing reporting requirements." The law judge further concluded that "based on the company's recent infusion of working capital, signed business contracts, and diligent and expensive efforts to file past due reports, ... I find the likelihood of future violations absent ... " and denied the Division's request for the imposition of a sanction. The Division had proposed revoking the registration of e-Smart's common stock.
Both parties have twenty-one days to appeal this order.
This looks very similar to what CMKX attorney laid out.
It is the case mentioned in the ruling by the Judge.
PPS
-------
pps Dr. Of Diamonds
member is online
Gender: Posts: 157 Re: E-Smart Technologies Inc. « Reply #5 on: Today at 4:54pm »
-------------------------------------------------------------------------------- another tid bit about the appeal concern:
UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 Rel. No. 51309 / March 3, 2005 ADMINISTRATIVE PROCEEDING File No. 3-10977
-------------------------------------------------------------------------------- : : : NOTICE THAT INITIAL DECISION HAS BECOME FINAL The time for filing a petition for review of the initial decision in this proceeding has expired. No such petition has been filed with respect to e-Smart Technologies, Inc., f/k/a Plainview Laboratories, Inc. and the Commission has not chosen to review the decision as to it on its own initiative.
Accordingly, notice is hereby given, pursuant to Rule 360(e) of Commission's Rules of Practice, that the initial decision of the administrative law judge* has become the final decision of the Commission with respect to e-Smart Technologies, Inc. The order contained in that decision denying the Division of Enforcement's request for sanctions against e-Smart Technologies, Inc., for the violations found in the March 4, 2004, Initial Decision is hereby declared effective.
For the Commission by the Office of the General Counsel, pursuant to delegated authority.
Originally posted by ed19363: The question still remains, Where are the PRs?? Legal, you can post 144 pages of crap from other boards, and until that question is answered, your postings are B+U+L+L+S+H+I+T !!!!!
Posted by Ric on :
Legal,
If CMKX actually files something before hearing they may get to use that. But after the PR stating the voids in there records and no actually filing that means anything, how can they argue they and working to meeting there obligations.
Posted by Ric on :
I thought there arguement was they had to keep secrets to protect there business anyway. So the above arguement doesn't apply. roflmao
Posted by Ric on :
If cmkx would file there obligated reports then there is no need to revoke because investors can see what the company has and make a real choice. But that will never happen, revoked!
Posted by TruthTeller on :
Wow!! new thread Posted by Ric on :
Seems to me that the so called longs ever come up with is other companies PR's and situations. Then claim them as cmkx. Because CMKX has never put anything out that would make this a real investment.
This company found diamonds.
This company hired lawyers and is working on be fully reporting
This company did this and the only thing UC can come up with is someone else messed up and we can't find our records. lol
Were is what we have. Others seem to tell whats going on. And since this is a reporting company they are required to tell us.
Posted by legaleagle on :
quote:Originally posted by Ric: Seems to me that the so called longs ever come up with is other companies PR's and situations. Then claim them as cmkx. Because CMKX has never put anything out that would make this a real investment.
This company found diamonds.
This company hired lawyers and is working on be fully reporting
This company did this and the only thing UC can come uo with is someone else messed up and we can't find out records. lol
Were is what we have. Others seem to tell whats going on. And since this is a reporting company they are required to tell us.
I didn't quote the case Ric, the judge did. If you want to see where a judge's thinking is going, read the case law they quote.
Posted by legaleagle on :
quote:Originally posted by TruthTeller: Wow!! new thread
Hi TruthTeller
Posted by ed19363 on :
Men, it just keeps getting deeper. Now we have "the Mahue Factor"...hope it's better than the "Glenn Factor" was.
ESMT does not equal CMKX. Just because one company escaped sanctions, does not mean the other will. "An infusion of working capital"...Hmmm...do we have working capital? I must have missed that PR. Oh, must be all the gold we're shipping from central America. Missed that PR too. How much was it again?? 3 ounces?? "Efforts to file past due reports"....Wow, at least they are filing something. CMKX, however, has filed nothing of note in 2 years?? Oh, I forgot the records all got misplaced while UC was in rehab. Was that rehab for medical purposes of was he at Betty Ford's clinic??
If I ran my business this way, I wouldnt have survived the first two years.
Way to go, CMKX. Let's have some more positive spin on how the PPS will reach $1.00 a share or more....or is it a buyout by CITI??
Keep drinking that Koolaid.... Meanwhile you might check out NCDP if you want to see how a REAL pinksheet company operates.
Posted by Ric on :
Still, did that company lie on there form 15, miss stating by almost half is no accident, and did they try to get filings in. IF UC tries to state that Roger was hired to get them reporting. The judge will say that was a year ago. Were is a filings. In a year you should have been able to be in compliance by now. Not trying after SEC found problems when investigating another company.
Wheres the beef, matter of fact wheres anything that resembles a filing.
Posted by Wallace#1 on :
Someone, Bill, Will or someone else stated they would like to see those attorney's CMKX responses posted by legal as they compared to each of the charges. As far as I can determine, the following has all the charges and various numbered/lettered paragraphs so you may compare the responses to those charges:
I. The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that a public administrative proceeding be, and hereby is, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”) against CMKM Diamonds, Inc. (“CMKM Diamonds” or “Respondent”). II. After an investigation, the Division of Enforcement alleges that: A. RESPONDENT 1. CMKM Diamonds, Inc. (File No. 0-26919) is a Nevada corporation based in Las Vegas, Nevada. CMKM Diamonds’ common stock is registered under Section 12(g) of the Exchange Act. CMKM Diamonds is required to file reports pursuant to Section 13(a) of the Exchange Act. B. CMKM DIAMONDS IS DELINQUENT IN ITS PERIODIC FILINGS 2. Section 13(a) of the Exchange Act and the rules promulgated thereunder require issuers of securities registered pursuant to Section 12 of the Exchange Act to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports 2 (Forms 10-K or 10-KSB), and Rule 13a-13 requires issuers to file quarterly reports (Forms 10-Q or 10-QSB). 3. CMKM Diamonds has not filed an Annual Report on either Form 10-K or Form 10-KSB since May 9, 2002, or quarterly reports on either Form 10-Q or Form 10-QSB since November 18, 2002. 4. On July 23, 2003, CMKM Diamonds filed a Form 15 (“Original Form 15”), signed by CMKM Diamonds’ president, indicating that it had approximately 300 holders of record and that it was terminating its registration, and hence its reporting obligations, pursuant to Rule 12g-4(a)(1)(i) under the Exchange Act. Rule 12g-4(a)(1)(i) provides that an issuer with less than 300 holders of record may terminate the registration of its securities. 5. On February 17, 2005, CMKM Diamonds filed an Amended Form 15, also signed by CMKM Diamonds’ president. In the Amended Form 15, CMKM Diamonds stated that it had 698 holders of record when it filed the Original Form 15, that the Original Form 15 was revoked, that Rule 12g-4(a)(1)(i) was inapplicable, and that CMKM Diamonds had reporting obligations under Section 12(g) of the Exchange Act. 6. As a result of the foregoing, CMKM Diamonds has failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. III. In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that a public administrative proceeding be instituted pursuant to Section 12(j) of the Exchange Act to determine: A. Whether the allegations in Section II are true and, in connection therewith, to afford the Respondent an opportunity to establish any defenses to such allegations; and B. Whether the registration of each class of CMKM Diamonds’ securities, pursuant to Section 12 of the Exchange Act, should be suspended for a period not exceeding twelve months, or revoked. IV. IT IS ORDERED that a public hearing for the purpose of taking evidence on the questions set forth in Section III hereof shall be convened at a time and place to be fixed, as provided by Rule 200 of the Commission’s Rules of Practice [17 C.F.R. § 201.200], and before an Administrative Law Judge to be designated by further order as provided by Rule 110 of the Commission’s Rules of Practice [17 C.F.R. § 201.110]. IT IS FURTHER ORDERED that the Respondent shall file an Answer to the allegations contained in this Order Instituting Proceedings within twenty (20) days after service of this Order, as provided by Rule 220 of the Commission’s Rules of Practice [17 C.F.R. § 201.220]. 3 If the Respondent fails to file the directed Answer, or fails to appear at a hearing after being duly notified, the Respondent may be deemed in default and the proceedings may be determined against the Respondent upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 221(f), and 310 of the Commission’s Rules of Practice [17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f) and 201.310]. This Order shall be served forthwith upon the Respondent pursuant to Rule 141(a) of the Commission’s Rules of Practice [17 C.F.R. § 201.141(a)]. IT IS FURTHER ORDERED that the Administrative Law Judge shall issue an initial decision no later than 120 days from the date of service of this Order, pursuant to Rule 360(a)(2) of the Commission’s Rules of Practice [17 C.F.R. § 201.360(a)(2)]. In the absence of an appropriate waiver, no officer or employee of the Commission engaged in the performance of investigative or prosecuting functions in this or any factually related proceeding will be permitted to participate or advise in the decision of this matter, except as witness or counsel in proceedings held pursuant to notice. Since this proceeding is not “rule making” within the meaning of Section 551 of the Administrative Procedure Act, it is not deemed subject to the provisions of Section 553 delaying the effective date of any final Commission action. By the Commission. Jonathan G. Katz Secretary
Posted by Wallace#1 on :
Note the Roman numerals and paragragh numbers above correspond to those in the response.
Posted by Ric on :
I see they filed another 8-K today. How funny. They can file that they replied to the SEC questions in a 8-K in one day but they can't file one meaningful filing from 3 years. Is this what they will try to use as they are working on getting the filings complete.
legal wrote: "I didn't quote the case Ric, the judge did. If you want to see where a judge's thinking is going, read the case law they quote." ***********************************
I wouldn't count on it, legal.
All cases differ and this one has your pal Roger Glenn involved as well. He worked at the SEC? Should have known the requirements, right?
There is also Urban Casavant involved. I wonder if he will take the 5th when the judge asks him where all those shares went from the authorized, who got the money and precisely what was that money spent on....verification/proof required! What will he say about his lack of experience with other publicly traded companies?
Come on, man, there's a whole lot of squirming going on, and you know it! That includes the CT bunch of faithfuls.
Posted by ed19363 on :
If they had filed as they were supposed to in the first place, they wouldnt have to file all these 8-Ks.....IMO
Posted by Wallace#1 on :
That repost of legal's re e-Smart Technologies was an attempt to mislead readers here. The charges were completely different as follows:
The Order is based on allegations by the Division of Enforcement that:
e-Smart has failed to comply with Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Exchange Act Rule 10b-5 by filing materially false and misleading reports with the Commission, by making materially false and misleading claims in press releases, postings on the e-Smart website, and in statements made directly to investors and potential investors concerning, among other things, e-Smart's results of operations, contractual relationships, ownership of technology assets, and projected revenues and profits; and
e-Smart failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 12b-20, 13a-1 and 13a-13 while its common stock was registered with the Commission in that it filed materially false and misleading reports with the Commission, and has failed to file required annual and quarterly reports.
legal, do not try to distort the facts as to the charges being different. This one is based upon filing false and misleading reports, not failure to file at all among other things. Hell, I'll bet the faithful would have been most happy with any report (false or otherwise). They certainly would not have known the difference and would have pumped the sh:t out of it!
PS: Going to go play some Texas Hold'em now for a while. Try to keep it clean, legal.
Posted by TruthTeller on :
Hi LeagalEagle
quote:Originally posted by legaleagle:
quote:Originally posted by TruthTeller: Wow!! new thread
Hi TruthTeller
Posted by will on :
which CMKX might have done also, but weren't charged with. Abiguity, regarding the two diamond flakes, and misleading inuendo by Melvin.
Posted by Ric on :
Has everyone noticed all the pumpers that have come on this board in the last couple days. They are scared and want me to buy there shares. You know this is a bad stock when the pumper start coming in. Pumpers only pump bad stock. I will hang tight though. There no way I will let them give me there shares. Just ignore them so they will go away. And remember they get paid by the number of responses they get.
Posted by will on :
Great post, Ric.
Taking one out of their playbook. LOL
quote:Originally posted by Ric: Has everyone noticed all the pumpers that have come on this board in the last couple days. They are scared and want me to buy there shares. You know this is a bad stock when the pumper start coming in. Pumpers only pump bad stock. I will hang tight though. There no way I will let them give me there shares. Just ignore them so they will go away. And remember they get paid by the number of responses they get.
Posted by legaleagle on :
quote:Originally posted by Wallace#1: That repost of legal's re e-Smart Technologies was an attempt to mislead readers here. The charges were completely different as follows:
The Order is based on allegations by the Division of Enforcement that:
e-Smart has failed to comply with Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Exchange Act Rule 10b-5 by filing materially false and misleading reports with the Commission, by making materially false and misleading claims in press releases, postings on the e-Smart website, and in statements made directly to investors and potential investors concerning, among other things, e-Smart's results of operations, contractual relationships, ownership of technology assets, and projected revenues and profits; and
e-Smart failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 12b-20, 13a-1 and 13a-13 while its common stock was registered with the Commission in that it filed materially false and misleading reports with the Commission, and has failed to file required annual and quarterly reports.
legal, do not try to distort the facts as to the charges being different. This one is based upon filing false and misleading reports, not failure to file at all among other things. Hell, I'll bet the faithful would have been most happy with any report (false or otherwise). They certainly would not have known the difference and would have pumped the sh:t out of it!
PS: Going to go play some Texas Hold'em now for a while. Try to keep it clean, legal.
That would be the judge that is "distorting the facts" Wallace. She cited the case in today's decision, not me.
Posted by Ric on :
I thought this was an interesting chart for those who like to hold these dead pennies on the way down. Shows what type of gains you need for what a lose.
Recovering a Loss
Loss - Gain Needed to Recover Loss
10% -- 11.1%
20% -- 25.0%
30% -- 42.9%
40% -- 66.7%
50% - 100.0%
60% - 150.0%
75% - 300.0%
90% - 1000.0%
Timing your entry and exit from the market is critical to making money and controlling losses.
Posted by Wallace#1 on :
I repeat:
For those of you who wish to complain to the SEC concerning Urban Casavant, CMKX, statements made by CMKX officials, statements made by their current law firm and the complete disregard and violation of shareholder interests by Casavant and/or CMKX the address is as follows:
CONTACT THE SEC WITH YOUR INFORMATION AND CONCERNS!!!!!
See, I learned redundancy from legal. And as far as the judge's citing a case is concerned, that as I recall was to allow in the 'shareholers' group". It had nothing to do with the charges. Come on, legal, no more diversion and distortion please.
Posted by drgnfly on :
"If on the Internet, All Relevant Internet Addresses"
Nice
Posted by Wallace#1 on :
Very well done drgnfly. That is precisely the form I filled out when I sent my email to the SEC.
PS: Tomorrow I plan to make a few phone calls to certain responsible individuals. I doubt if I will have a problem getting through. One of the best things they could do is subpeona all the Allstocks threads relating to CMKX et al.
Posted by Upside on :
Great, subpeonas served to Will, Wallace, Bill and Upside. I'll drive.
Posted by Wallace#1 on :
I wouldn't get in any vehicle with you bunch of bums!!! I take my limo....all alone.
PS: Except for the attractive female driver, of course.
Another PS: Just thinking about that. Can you imagine those four clowns before an SEC investigation committee? Probably be a fight to see who could bash the loudest!
Posted by will on :
I bet she'd really love that experience. You better come with us, pal.
quote:Originally posted by Wallace#1: I wouldn't get in any vehicle with you bunch of bums!!! I take my limo....all alone.
PS: Except for the attractive female driver, of course.
Posted by Wallace#1 on :
No, Will, I'd just die happy!!! LOL Besides, Will, don't know if I could handle your eloquent choice of words during the trip.
Posted by Ric on :
Just don't try and pay the Limo company with CMKX shares. They may give you a ugly male driver and take you to the wrong place.
Posted by will on :
A cold glass of water and a good piece of ass would kill you. I'm just looking out for you, man.
Posted by Wallace#1 on :
Ric, what do you mean "Limo company"? It's my limo. Nice big white sucker. Like me, pure as the driven snow.
Posted by Ric on :
Well the I know you would then. If you tried and to pay yourself with cmkx shares
Posted by Wallace#1 on :
"A cold glass of water and a good piece of ass would kill you."
I think I could handle the water. As far as the other is concerned, I'd die happy!!
Posted by Wallace#1 on :
OK, guys, stop picking on the old fart. I must save all my energy for legal and my limo driver, rather than respond to you.
Posted by Upside on :
originally posted by Wallace #1:
quote:Besides, Will, don't know if I could handle your eloquent choice of words during the trip.
Ohh, never though of that. Better pack ear plugs, lots of them. And I'm not sharing a room with him either. Still not entirely sure of that boy.
Posted by Ric on :
Basher supervisors must make the big bucks to own limos. I want a raise.
Posted by Wallace#1 on :
Go get 'im, Upsideeee. Just watch your downsideeee.
No raises for peons.
Posted by Upside on :
We could bring dwman along to keep us all in check.
Posted by legaleagle on :
Wallace said: "See, I learned redundancy from legal. And as far as the judge's citing a case is concerned, that as I recall was to allow in the 'shareholers' group". It had nothing to do with the charges. Come on, legal, no more diversion and distortion please."
While you are learning from me Wallace, learn this. If you want to effectively lead your band of merry men, you must learn to actually read a document before commenting on it. It will lead to much more respect from your followers, lead to a greater understanding of the subject matter, and make your comments far more applicable.
So if you would, please go back and note carefully that the Shareholders were only a portion of that ruling. She was specifically relating to the Disciplinary Hearing when she referrenced that cite.
And by the way, if you should decide to read the ruling you may also notice that there is a pretrial TX conference between the parties tomorrow. Better hurry along your complaint process, because it's possible, maybe probable, that this case will be all over with tomorrow in that conference.
Posted by Wallace#1 on :
quote:Originally posted by Upside: We could bring dwman along to keep us all in check.
Would be nice, but some of that genuine religion might rub off on me. Cannot have me becoming a nice guy!
Posted by Wallace#1 on :
Yeah, it just might be over. I suppose the judge could declare a summary judgement in favor of the SEC.
PS: LMAO "While you are learning from me Wallace, learn this. If you want to effectively lead your band of merry men, you must learn to actually read a document before commenting on it. It will lead to much more respect from your followers, lead to a greater understanding of the subject matter, and make your comments far more applicable."
Again, you missed the point. I was speaking of your redundancy!!
Posted by drgnfly on :
quote:Originally posted by legaleagle: Wallace said: "See, I learned redundancy from legal. And as far as the judge's citing a case is concerned, that as I recall was to allow in the 'shareholers' group". It had nothing to do with the charges. Come on, legal, no more diversion and distortion please."
While you are learning from me Wallace, learn this. If you want to effectively lead your band of merry men, you must learn to actually read a document before commenting on it. It will lead to much more respect from your followers, lead to a greater understanding of the subject matter, and make your comments far more applicable.
So if you would, please go back and note carefully that the Shareholders were only a portion of that ruling. She was specifically relating to the Disciplinary Hearing when she referrenced that cite.
And by the way, if you should decide to read the ruling you may also notice that there is a pretrial TX conference between the parties tomorrow. Better hurry along your complaint process, because it's possible, maybe probable, that this case will be all over with tomorrow in that conference.
Speaking of reading their posts
"mydogsky Member
Rate Member Icon 1 posted April 12, 2005 17:16 Profile for mydogsky Send New Private Message Edit/Delete Post Reply With Quote
Legal from another one of your posts...
"577 members
85,994,159,301 shares"
Did you even do the math before you posted this? Simple math, even me, after all my Kool Aid can figure it out.
85,994,159,301 / 577 = 149,036,671 shares/person
and that is going on average. Which means there are some people with more than that and some people with less than that. So even if everyone averaged down until they hit $.0001/share we are talking about $14,900 invested by each one of those 577 people for a grant total of $8,597,300 invested into a pink sheet stock with no real info. Dont you think that is stretching the truth just a little...why would you post something like that?"
classic Posted by Wallace#1 on :
GOTCHA!!!
Posted by Wallace#1 on :
legal, did you know dragonflys are good for getting rid of mosquitos?
I'm tired now. Good night all.
Posted by will on :
Mosquitos? You want rid of misquitos? get one of those hose bottles and cut some lemon juice with water and spray your yard. You might want to use some lemon scented amonia and fertilize a bit at the same time. Just make sure to cut it. Plant some lemon grass, (herb), and break it open and rub the juice of the plant on your skin. Mosquitos hate lemon.
quote:Originally posted by Wallace#1: legal, did you know dragonflys are good for getting rid of mosquitos?
Posted by legaleagle on :
quote:Originally posted by drgnfly:
quote:Originally posted by legaleagle: Wallace said: "See, I learned redundancy from legal. And as far as the judge's citing a case is concerned, that as I recall was to allow in the 'shareholers' group". It had nothing to do with the charges. Come on, legal, no more diversion and distortion please."
While you are learning from me Wallace, learn this. If you want to effectively lead your band of merry men, you must learn to actually read a document before commenting on it. It will lead to much more respect from your followers, lead to a greater understanding of the subject matter, and make your comments far more applicable.
So if you would, please go back and note carefully that the Shareholders were only a portion of that ruling. She was specifically relating to the Disciplinary Hearing when she referrenced that cite.
And by the way, if you should decide to read the ruling you may also notice that there is a pretrial TX conference between the parties tomorrow. Better hurry along your complaint process, because it's possible, maybe probable, that this case will be all over with tomorrow in that conference.
Speaking of reading their posts
"mydogsky Member
Rate Member Icon 1 posted April 12, 2005 17:16 Profile for mydogsky Send New Private Message Edit/Delete Post Reply With Quote
Legal from another one of your posts...
"577 members
85,994,159,301 shares"
Did you even do the math before you posted this? Simple math, even me, after all my Kool Aid can figure it out.
85,994,159,301 / 577 = 149,036,671 shares/person
and that is going on average. Which means there are some people with more than that and some people with less than that. So even if everyone averaged down until they hit $.0001/share we are talking about $14,900 invested by each one of those 577 people for a grant total of $8,597,300 invested into a pink sheet stock with no real info. Dont you think that is stretching the truth just a little...why would you post something like that?"
classic
drgnfly, there is a difference between not reading and not caring.
Posted by legaleagle on :
Wallace: Again, you missed the point. I was speaking of your redundancy!!
And now you are being redundant. And I knew exactly what you were talking about. And as long as you were learning from my redundancy I wanted you to learn something else.
Posted by legaleagle on :
quote:Originally posted by Wallace#1: GOTCHA!!!
Better luck next time.
Posted by legaleagle on :
quote:Originally posted by Wallace#1: legal, did you know dragonflys are good for getting rid of mosquitos?
I'm tired now. Good night all.
So is this:
Posted by Ric on :
Heres the best one of the day in Willy Wonkas room. Willy says that all shareholders are to report to the Las Vegas Drug Strip. UC will be announcing to all shareholders that show great news. Wonder why that wasn't on a PR?
Posted by Ric on :
Legal, watch out. Don't spray that in here. It will wipe out everything.
Posted by Doctoall on :
Did Andrew Hill come along to CMKX on or about Nov 09 2004??? Just curious !!!!!! Posted by legaleagle on :
DTCC Stuns With Admission It Interfered With News
From Million Millionaires Board
jcline DIAMOND ADMIRAL
member is offline
Posts: 588 DTCC Stuns With Admission It Interfered With News « Thread started on: Today at 9:53pm »
-------------------------------------------------------------------------------- StockGate: DTCC Stuns With Admission It Interfered With News Media April 13, 2005 (FinancialWire) In yet another stunning development in the StockGate saga that has roiled the financial industry, the Depository Trust & Clearing Corporation, through its outside counsel, Proskauer Rose LLP, has admitted it sent communications that resulted in a newswire’s censorship at Yahoo (NASDAQ: YHOO) Finance via Investors Business Daily and Markethingych, now owned by Dow Jones (NYSE: DJ) but then partly owned by Viacom’s (NYSE: VIAb) CBS.
This comes hard on the heels of a seeming cancellation of a Dateline NBC purported expose of the DTCC’s alleged role in a “Stock Borrow Program” that lawsuits say it aids and abets through its controversial “Stock Borrow” program, in the same week that DTCC publicly posted a “preemptory” challenge to the legitimacy of “broadcasts.” NBC is a unit of General Electric Co. (NYSE: GE), and its producers denied to FinancialWire that the program was cancelled, saying instead that it has been “postponed.”
NBC did not respond to follow-up questions as to when a new air date is intended, or to whether the piece is being reedited due to pressure from the corporation or from outside. Ironically, after FinancialWire’s distribution was curtailed via the Investors Business Daily feed, its publishers joked in an email to the producers that Dateline NBC might be “next.”
On February 7, Investors Business Daily asked Markethingych, then co-owned by Viacom (NYSE: VIAb) but now owned by Dow Jones (NYSE: DJ) to shut off its FinancialWire feed that it also re-propogated to Yahoo (NASDAQ: YHOO).
An investigation by FinancialWire revealed that the newsfeed was shut down at the request of an official of the DTCC, who had complained to Investors Business Daily that FinancialWire publishes “opinions and not news.” FinancialWire learned that this is contained in emails sent by Investors Business Daily to the Dow Jones publication.
Despite the purported efforts by the DTCC, however, FinancialWire has since been provided to another 300 outlets.
In a letter to FinancialWire’s attorney, Marshal Shichtman, Esq., Charles S. Sims, a member of Proskauer Rose LLP contended that his client’s communication “is not actionable, and DTCC was fully privileged to send it under the protections for free speech afforded by New York and federal law.”
Sims appeared to be more concerned with Shichtman’s characterization of such interference as “cheap thuggery” and “strong-arm tactics more suitable to organized crime than an SRO,” and that he was “appalled” by “any conduct of DTCC.”
Sims said that “unlike the opinions stated in DTCC’s correspondence, for example that FinancialWire is not a bona fide news provider, these charges assert, and would be understood as asserting, criminal misconduct.”
He added that “DTCC takes the matter with utmost seriousness, and will hold you and your client responsible for any resulting harm. DTCC has a sterling reputation, as you seem to be aware, hard-won through years of responsible business meeting the highest standards of conduct, and it ought not be trifled with by careless, reckless charges such as yours.
“We demand that you cease any further dissemination of those charges, and further demand that you identify any and all distributions and copy us on the retraction of these charges that should be forthcoming from you as well.”
Shichtman, contacted at press deadline, said that he may have further comments after legal review, but as to the DTCC’s admittance of media interference and possible First Amendment violations, “I am stupefied.”
A major protagonist has sprung up via the National Coalition Against Naked Short Selling, with recent posts at http://bobosrevenge.blogspot.com and http://www.ncans.net/sanity1.htm . It includes an open letter to the DTCC regarding what it perceives to be significant holes in the organization’s recently posted interview.
The sudden cancellation of the “Dateline NBC” expose, scheduled Sunday, April 10, has reminded many of the corporate conflicts in NBC’s previous ownership by Westinghouse that resulted in the infamous cancellation of the “60 Minutes” expose on Big Tobacco after Westinghouse was leaned on by Brown and Williamson, an RJ Reynolds (NYSE: RJR) unit. That resulted in an award-winning movie, “The Insider,” starring Al Pacino and Russell Crowe, and produced by Disney’s (NYSE: DIS) Touchstone Pictures and distributed by its Buena Vista unit.
The DTCC has been accused by many of acting with impunity, and is hardly a role model for unconflicted governance. Its 21 directors include Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); and Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C).
The largely unregulated DTC has become something of a defacto Czar presiding over the entire U.S. markets system, wielding more day-to-day influence and control than the SEC, the NASD and NASDAQ combined. Transparency is not of the DTCC’s strong suits. In the past it has stonewalled all requests for full and complete trading records.
The DTCC’s two preferred shareholders are the New York Stock Exchange and the NASD, a regulatory agency that also owns the Nasdaq and until recently, the American Stock Exchange. Other DTCC board members include Michael C. Bodson, Managing Director, Morgan Stanley (NYSE: MWD); Gary Bullock, Global Head of Logistics, Infrastructure, UBS Investment Bank (NYSE: UBS); Stephen P. Casper, Managing Director and Chief Operating Officer, Fischer Francis Trees & Watts, Inc.; Jill M. Considine,Chairman, President & Chief Executive Officer, The Depository Trust & Clearing Corporation (DTCC);
Also, Paul F. Costello, President, Business Services Group, Wachovia Securities (NYSE: WB); John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER); Donald F. Donahue, Chief Operating Officer, The Depository Trust & Clearing Corporation (DTCC); Norman Eaker, General Partner, Edward Jones; George Hrabovsky, President, Alliance Global Investors Service; Catherine R. Kinney, President and Co-Chief Operating Officer, New York Stock Exchange; Thomas J. McCrossan, Executive Vice President, State Street Corporation (NYSE: STT); Eileen K. Murray, Managing Director, Credit Suisse First Boston (NYSE: CSR); James P. Palermo, Vice Chairman, Mellon Financial Corporation (NYSE: MEL); Thomas J. Perna, Senior Executive Vice President, Financial Companies Services Sector of The Bank of New York (NYSE: BNY); Ronald Purpora, Chief Executive Officer, Garban LLC; Douglas Shulman, President, Regulatory Services and Operations, NASD; and Thompson M. Swayne, Executive Vice President, JPMorgan Chase (NYSE: JPM).
In their comments to the U.S. Securities and Exchange Commission regarding Regulation SHO in January, the 50 state regulators, through their association, the North American Association of Securities Administrators (NASAA) issued what many consider to be a strong warning that if the DTCC is not dealt with in the final regulations, state regulators such as New York State Attorney General Eliot Spitzer may step to the plate.
In what many considered to have been explosive comments, Ralph Lambiase, then-NASAA president and Director of the Connecticut Division of Securities, warned "NASAA urges the Commission to reconsider its stance regarding the role of the Depository Trust and Clearing Corporation (the DTC). As a threshold matter, NASAA believes that the Commission should explicitly prohibit the DTC from lending more shares of a security than it actually holds. The ability of the overall proposed rule would be severely impared unless the Commission undertakes to implement such a prohibition.”
Many of the lawsuits believed to have been part of the program allege that the DTCC operates a “stock lending” program that aids and abets illegal naked short selling, and in doing so, admittedly takes in $1.67 million annually.
In a further rare display of transparency, however, while framing it in terms of a small percentage of daily transactions, Thompson has admitted in an interview posted at http://www.dtcc.com that some $4.9 billion, involving an estimated 20,000 daily transactions remain unresolved “fails to deliver and receive.” “The markets check to see if the amount of fails to deliver is more than 1/2 of 1% of the total outstanding shares in that security,” said Thompson.
“If it is, then it goes on a ‘Threshold List.’ If it is then on the Threshold List for 13 consecutive settlement days, restrictions on short selling then apply. The “close-out” requirement forces a participant of a registered clearing agency to close out any “fail to deliver” position in a threshold security that has remained for 13 consecutive settlement days by purchasing securities of like kind and quantity. If the participant does not take action to close out the open fail to deliver position, the participant is prohibited from making further short sales in that security without first borrowing or arranging to borrow the security. Even market makers are not exempt from this requirement.”
In his questioning of SEC Chair Donaldson, Senator Robert Bennett (R-Utah) suggested, however, that a loophole in the regulation allows market makers to “pass along” these “fails to deliver” from one to the other, leaving them “unclosed out” indefinitely. A video of that exchange is posted at http://www.investrendinformation.com
While in the overall scheme of the U.S. markets system, the fails to deliver of that magnitude may “seem” insignificant, it actually represents the entire market caps of upwards of 500 smaller public companies every trading day, which if victimized in this admitted fashion, can find their survivals and the safety of the entire investments of their shareholders questionable indeed.
This comes hard on the heels of an ad in the New York Times (NYSE: NYT) from The Washington Legal Foundation, located at http://www.wlf.org, which has considerable clout in the Bush administration, with ten of its board members now serving in various capacities, including three, headed by U.S. Attorney General John Ashcroft, in the Bush cabinet. Its “In All Fairness” advertorial, “What’s Up With The SEC?” may be seen at http://www.wlf.org/upload/032805IAFSEC.pdf
The advertorial alleges that class action lawyers are colluding with short sellers “right under the noses of SEC investigators,” whose abuses cause “investors, employees, pensioners and companies” to “lose millions of dollars in stock value each year.”
The WLF said that the SEC has been “sitting on several complaints of misconduct” that it and the U.S. Chamber of Commerce have filed that detail “examples of questionable stock manipulation by short sellers and class action attorneys.”
The group says that the SEC is “looking the other way while class action attorneys enjoy a free-for-all, reaping millions in windfall fees to the detriment of shareholders,” and asks “why isn’t the SEC taking legal and regulatory action to prevent stock manipulation and to protect investors from the looting by plaintiffs’ lawyers? Shouldn’t there be rules and oversight to deter these trial lawyer abuses?”
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quote:Originally posted by Ric: Heres the best one of the day in Willy Wonkas room. Willy says that all shareholders are to report to the Las Vegas Drug Strip. UC will be announcing to all shareholders that show great news. Wonder why that wasn't on a PR?
Ric, just as a point of reference, the legitimate longs do not follow Willy Wizard. He used to post some pretty good reads, but since he started this chat room, he has become the "Enquirer" of CMKX.
Posted by legaleagle on :
Full Ruling from Judge Murray
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
April 12, 2005
___________________________________________
In the Matter of:
CMKM DIAMONDS, INC.
___________________________________________
:
:
:
:
ORDER ON MOTIONS
On March 16, 2005, the Securities and Exchange Commission (Commission) initiated this proceeding with an Order Instituting Proceedings (OIP). The OIP alleges that CMKM Diamonds, Inc. (CMKM Diamonds), violated Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder by failing to file periodic reports, which the Commission requires contain current and accurate information for the protection of investors. The OIP alleges that CMKM Diamonds has not filed an annual report since May 9, 2002, and has not filed a quarterly report since November 18, 2002.
On April 4, 2005, the Division of Enforcement (Division) filed a motion requesting either: (1) a telephonic prehearing conference in the afternoon of April 13, 2005; or (2) postponing the public hearing scheduled for Monday, April 25, 2005, and holding a prehearing conference on that date. The Division further requests permission to file a motion for summary disposition. 17 C.F.R § 201.250(a).
According to the Division, the parties conferred by telephone on March 31, 2005, and among other things, CMKM Diamonds stipulated that it received the OIP on March 17, 2005. Also, according to the Division, during the March 31,2005, call: (1) the parties agreed to request a telephonic prehearing conference for April 13, 2005; (2) CMKM Diamonds conceded that it has not filed the required reports; (3) the parties could not agree on how to settle the allegations; and (4) CMKM Diamonds will oppose any motion for summary disposition.
The Commission's Rules of Practice allow five days from service for replies to a motion. 17 C.F.R § 201.154(b). Because the Initial Decision must be issued no later than July 15, 2005, my Office called Donald J. Stoecklein, who is on the service list and who has communicated with the Division on behalf of CMKM Diamonds. Mr. Stoecklein indicated that he represents CMKM Diamonds and the company will not oppose the Division's motion.
On April 5, 2005, I received a Notice of Appearance and Motion for Third-Party Participation on a Limited Basis from John Martin and others (Owners Group), filed pursuant to Rule 210 of the Commission's Rules of Practice. 17 C.F.R § 210.210. The Owners Group states that it represents more than 400 shareholders who have invested millions of dollars to acquire more than 50 billion shares of CMKM Diamond's common stock. The Owners Group believes that these individuals and other shareholders will suffer significant financial harm if the Commission revokes or suspends the registration of CMKM Diamond's securities. The Owners Group requests that the Commission adopt an equitable interpretation of Rule 210 and allow briefs on the issue of intervention.
On April 8, 2005, I received a pleading from Mr. Stoecklein giving notice that he is counsel for CMKM Diamonds and that he does not object to the motion from the Owners Group.
On April 11, 2005, I received a pleading from Mr. Stoecklein giving notice that he is counsel for CMKM Diamonds and that he does not object to the motion from the Owners Group.
On April 11, 2005, I received the Division's response urging denial of the intervention motion from the Owners Group. The Division notes that paragraph (b) of Rule 210, which allows intervention as a party, and paragraph (c), which allows participation on a limited basis, specifically exclude these types of participation by non-parties in an enforcement proceeding. The Division notes that comments to Rule 210 in 1998 make clear that prohibiting intervention prevents extraneous issues and promotes timely and efficient resolution of the issues.
On April 11, 2005, I received a pleading from Janet Douglas requesting that I dismiss the Owners Group's motion. Ms. Douglas attached two exhibits to her pleading. Exhibit 1 is a statement that shows as of March 25, 2005, Ms. Douglas owned 15,179,779 shares of CMKM Diamonds acquired at a cost of $1,517.98, Exhibit 2 is a Limited Attorney Consultation and Representation Agreement, which solicits persons for a twenty-five dollar fee to join a group of shareholders led by John Martin that has retained the Frizzell Law Firm to represent them in the proceeding. In support of her position, Ms. Douglas cites Rule 210(a) and (c) of the Commission's Rules of Practice which do not allow participation in an enforcement proceeding. Ms Douglas declares she is not represented by the Owners Group and she concludes that, in view of the Commission's Rules of Practice, the motion for limited intervention was entered for pure profiteering.
I received CMKM Diamond's answer on Apr 11, 2005.
Ruling
I GRANT the Division's motion and ORDER a telephonic prehearing conference on Wednesday, April 13, 2005, at 2 p.m. Eastern time. At the prehearing conference, we will consider: (1) whether there are facts in dispute that require a hearing on April 25, 2005, the hearing location, and the other prehearing matters covered by Rule 221 of the Commission's Rules of Practice, 17 C.F.R § 201.221; and (2) whether CMKM Diamonds admits the violations and, if so, what action the Division considers appropriate pursuant to Section 12(j) of the Exchange Act. See E-Smart Technologies, Inc., Exchange Act Release No. 50514 (Oct. 12, 2004).
As noted , one of the purposes for limiting intervention is to promote timely and efficient resolution of the issues. That issue is not present here. This proceeding will proceed expeditiously because the Commission has ordered that an Initial Decision be issued by July 15, 2005. The Division and Ms. Douglas have correctly stated the provision of Rule 210 (a), (b), and (c). Rule 210(f), however, permits an Administrative Law Judge to modify the participation provisions of Rule 210 and impose terms and conditions on the participation of any person as she may deem necessary or appropriate in the public interest. To provide as much transparency as possible to the Commission's actions given the high level of investor concern, I GRANT, pursuant to Rule 210(f), the Owners Group limited participation on the following terms. Bill Frizzell , Frizzell Law Firm, 305 South Broadway, Suite 302 , Tyler , Texas , 75702 , shall be placed on the service list as attorney for the Owners Group and shall receive copies of all filings. The Owners Group will not be allowed to present witnesses or exhibits or to object to any stipulations or offers of settlement agreed to by the parties. As a limited Participant, the Owners Group will be allowed to: participate in the prehearing conferences; request leave to cross-examine witnesses at any public hearing; and file prehearing and posthearing pleadings, if those are odredred. See 17 C.F.R § 201.210(c), (f).
//SIGNED//
Brenda P. Murray
Chief Administrative Law Judge
Posted by BCmouser on :
Wasnt this one of CMKX's big claims to diamondiferous fame????
Aztec acquires Carolyn; United Carina, United Pine sue
2005-04-12 22:41 ET - News Release
Mr. Scott Tobia reports
Aztec Mining Corp. has acquired a 100-per-cent interest in four mineral claims in the southern mining district of Saskatchewan, Canada. These claims contain the kimberlite pipe formerly known as the Carolyn. This diamondiferous kimberlite, based on past diamond results by the previous operator, warrants further exploration. The surrounding ground hosts multiple bull's-eye magnetic targets that commonly represent above-basement intrusive rocks. A new ground geophysical survey on the claims is to commence shortly.
A number of scientific studies as well as Geological Society of America Bulletin: Vol. 109, No. 8, page 1000 to 1020 have indicated that the Carolyn, also referred to as the Smeaton pipe, has undergone multiple eruptive phases. This is similar to the Star pipe, which is located about 20 miles southeast of the Carolyn. The Star pipe, owned by Shore Gold, has yielded a 19.71-carat diamond, as well as more than 30 diamonds over one carat in size.
Aztec hopes to delineate kimberlite within the Carolyn, which would correlate to the enriched Early Joli Fou kimberlite phase within the giant Star pipe. After ground geophysics, a drilling program is planned that will focus on any enriched kimberlite phases that are identified in the Carolyn pipe.
United Carina Resources and United Pine Channel Gold have launched a legal action to stop the transfer of the kimberlite pipe formerly known as the Carolyn to Aztec Mining. This injunction was rejected by a Saskatchewan judge. Both parties are making further claims that will be dealt with by Seagrove Capital on behalf of Aztec Mining. Aztec Mining feels the legal action is without merit.
Hope Urby and the boys arent selling claims without their partners knowledge.
Posted by CHIMAN34 on :
BCmouser. Some think that UC owns AZTM shares, as it is that AZTM owns the Carolyn pipe. Time will tell.
Posted by ed19363 on :
I think I just figured it out....Legal must be an employee of the DTCC....That's where all the bull is coming from these days..
Posted by CHIMAN34 on :
Hey, Rico says Has everyone noticed all the pumpers that have come on this board in the last couple days. They are scared and want me to buy there shares. I'm not a pumper nor basher Ric. I lurk this thread and don't post much if ever for CMKX. I have few shares, not millions. This thread is more for bashers it seems like. Most here just talk all negative about this, nothing better to do? If I sounded like a pumper I am not. Why don't we just wait till we all know more. Sure I know there is 703 Bill o/s. What if there is NSS? What if there are many kiberlites with many diamonds? What if all shareholders get their assets into another co? Answer me then why this judge wants this teleconfrence for a pre-hearing today? Also, I doubt they will get revoked. My opinions, not fact. Good day.
Posted by Doctoall on :
They are getting Urban's Cell ready as we speak. If he sold Carolyn without telling his partners you can be dammed sure he will need soap on a rope so he won't have to bend in the shower Posted by legal1082 on :
Hey guys, I definately lurk more than I post. Not basher or pumper although I do own shares. I will say that this is getting interesting. CMKX's answer was just about what I expected. We do it here all the time. Admit only to what's obvious and deny anything else. I am on pins and needles to see what comes out tomorrow, after this conference call hearing.
Posted by legaleagle on :
quote:Originally posted by ed19363: I think I just figured it out....Legal must be an employee of the DTCC....That's where all the bull is coming from these days..
OH, now one of you has finally managed to hurt me.
Posted by legaleagle on :
AZTM was just resurrected last November by Ed Dhonau, for the purpose of purchasing the Carolyn and some other claims. He currently holds 16% of AZTM through Nevada Minerals, as per AZTM's last financials filing. Also in those filings, you will find that AZTM holds a 3% share in the Star Kimberlite of Shore Gold, which is exactly the amount that Shawn Spelliscy owned prior to the deal. Spelliscy is the one who filed the claim when the old one expired. Did he see something in the AZTM play that intrigued him enough to give up the Carolyn and the 3% stake? That stake has a buy-back price of a million dollars by Shore. Just put the pieces of the puzzle together.
Posted by legaleagle on :
quote:Originally posted by CHIMAN34: Hey, Rico says Has everyone noticed all the pumpers that have come on this board in the last couple days. They are scared and want me to buy there shares. I'm not a pumper nor basher Ric. I lurk this thread and don't post much if ever for CMKX. I have few shares, not millions. This thread is more for bashers it seems like. Most here just talk all negative about this, nothing better to do? If I sounded like a pumper I am not. Why don't we just wait till we all know more. Sure I know there is 703 Bill o/s. What if there is NSS? What if there are many kiberlites with many diamonds? What if all shareholders get their assets into another co? Answer me then why this judge wants this teleconfrence for a pre-hearing today? Also, I doubt they will get revoked. My opinions, not fact. Good day.
Chiman they think that anyone with an independent positive thought is a "pumper".
Posted by CHIMAN34 on :
You are right Legal. I don't post much on this thread and I see you always posting things, and about 5 or so always fighting back at you. I say wait till everything comes out. I am sure many lurk this thread but don't want to post when they see all these negative people, I guess we can say bashers, hee hee. Have they nothing better to do? Guess not. I still feel positive about all this, and if it goes down, gone, I move on to another one, that simple. Have fun with these bashers Legal.
Posted by Monopoly Money on :
lots of angry people in this thread:)
Posted by Doctoall on :
quote:Originally posted by Monopoly Money: lots of angry people in this thread:)
People usually get very angry when someone steals their investments and feels that they are not accountable to the investors. Good example is Urban Casavant and those who cover for him. Posted by legaleagle on :
quote:Originally posted by Doctoall:
quote:Originally posted by Monopoly Money: lots of angry people in this thread:)
People usually get very angry when someone steals their investments and feels that they are not accountable to the investors. Good example is Urban Casavant and those who cover for him.
Or the DTCC and those who cover for them.
Posted by Monopoly Money on :
quote:Originally posted by legaleagle:
quote:Originally posted by Doctoall:
quote:Originally posted by Monopoly Money: lots of angry people in this thread:)
People usually get very angry when someone steals their investments and feels that they are not accountable to the investors. Good example is Urban Casavant and those who cover for him.
Or the DTCC and those who cover for them.
the wheels on the bus go round and round, round and round, round and round
Posted by Monopoly Money on :
this thread is funny its like watching a dog chase his tail for hours
Posted by stockcrazy on :
Question for the masses......this morning at 10:03 about 243 million shares were traded in segments of 9 million each. Who would be purchasing these large volumes, this may be an ignorant question but I am just curious.
Posted by Doctoall on :
quote:Originally posted by legaleagle:
quote:Originally posted by Doctoall:
quote:Originally posted by Monopoly Money: lots of angry people in this thread:)
People usually get very angry when someone steals their investments and feels that they are not accountable to the investors. Good example is Urban Casavant and those who cover for him.
Or the DTCC and those who cover for them.
Good comeback Andrew, but just not true Posted by legaleagle on :
quote:Originally posted by stockcrazy: Question for the masses......this morning at 10:03 about 243 million shares were traded in segments of 9 million each. Who would be purchasing these large volumes, this may be an ignorant question but I am just curious.
Simple answer, the MM's trying to buy back the naked shorted shares they issued, before their names end up on the news, or it runa to levels they can't cover.
[ April 13, 2005, 11:24: Message edited by: legaleagle ]
Posted by ed19363 on :
Maybe UC is buying them to retire to the treasury. Legal, take this to the other boards...it makes a glorious pump.
Posted by legaleagle on :
quote:Originally posted by Monopoly Money: this thread is funny its like watching a dog chase his tail for hours
MM, this isn't the first time in the history of the Allstocks CMKX thread that this has happened. Those who hijacked this thread last fall, don't like for anyone to have an opposing point of view to theirs. They attack the individual over and over until the poster just gives up. You can see this here in the way they immediately jumped on CHIMAN the last two days.
That is why I have become an enigma on this thread. I don't go away when the bashing starts.
I would be perfectly happy to just post DD, reasoned opinion, news of recent developments. But you see, that is what they don't want here. They detest anything that sounds positive about CMKX. Most have sold their shares and are frightened that they made a very bad decision. Others still hold shares but have become disillusioned by the delays of information. Those posters want CMKX to post on their schedule and not the one that is most beneficial to the company and the shareholders. These bashers are more dangerous than paid bashers, because they post for emotional reasons, not for payment.
So yes, the wheels do go round and round; and will until enough reasoned people take this thread back for use as it was intended: The "free" exchange of ideas between investors.
Posted by Esteban on :
-------------------------------------------------------------------------------- They are getting Urban's Cell ready as we speak. If he sold Carolyn without telling his partners you can be dammed sure he will need soap on a rope so he won't have to bend in the shower
Hey Doc, wouldn't it be a hoot if Urban had to serve time in the prison he used to be a guard at? Steve
Posted by ed19363 on :
Yep, that's why soap-on-a-rope was invented....
Posted by Doctoall on :
quote:Originally posted by Esteban: -------------------------------------------------------------------------------- They are getting Urban's Cell ready as we speak. If he sold Carolyn without telling his partners you can be dammed sure he will need soap on a rope so he won't have to bend in the shower
Hey Doc, wouldn't it be a hoot if Urban had to serve time in the prison he used to be a guard at? Steve
Well one thing is for sure if he is convicted of fraud he will be deported to Canada to serve time after he faces trial in Canada. So that would be very possible because if you remember the Saskatchewan Securities also have their eyes on him. I think he worked at Prince Albert Pen. I am sure that the boys on the other side of the bars will be very happy (excited) to see him Posted by ed19363 on :
Enigma....gee, a 50 cent word. Legal, you still havent answered my questions.... Where is the good news?? Where are the PRs telling us what's going on?? Where are the drilling results we were promised 2 years ago? Why have we not filed our financials?? I could go on and on, but you consider escaping from jail time as good news. Good news is "Hey, we actually have a company here who has something, does their filings on time, one that has a leader who is doing something other than evading questions and selling billions of shares of worthless (so far) stock. I fully expect you to run off to one of the other boards and posts something pages long about a new lawyer or something. Hell, that isnt good news. The lawyers are the only ones beside UC that are getting rich off this thing. Wake up !!!!!! Lay off the Koolaid for just one week, and let your eyes get accustomed to the new light. Sheesh !!!
Posted by Wallace#1 on :
Here's what legal posted to Monopoly Money:
Those who hijacked this thread last fall, don't like for anyone to have an opposing point of view to theirs.
A: And those such as legal went running off to the CT forum where they did not have to expose stupidity and their la la land dreams to factual, precise and objective posters who did oppose them.
That is why I have become an enigma on this thread.
A: Just an old poster under a different name that brings such ridiculous posts (mostly reposts) to this thread that provide plenty of garbage to run down the disposal.
I would be perfectly happy to just post DD, reasoned opinion, news of recent developments.
A: And is very well noted as a poster of others' posts that are way out in left field, but calls it DD or reasoned opinion. That was and still is his "signature". He is an admitted novice at trading securities.
These bashers are more dangerous than paid bashers, because they post for emotional reasons, not for payment.
A: Factual, not emotional. Objective conclusions not emotional. And not trying to get support for CMKX through religious, childrens' welfare programs (or whatever in Africa) or other avenues....which IS an emotional approach. That is why they went to the CT forum where they could promote their own emotional venues without question or objective discussion.
MM, almost everything legal posts now is a contradiction of what he previously posted. He has one venue. Promote CMKX to the disadvantage of anyone owning it's stock or anyone considering owning CMKX stock. Such promotion can and will only help his vested interest/position as well as that of so many of those who foolishly and constantly purchased more and more millions of CMKX stock as the pps declined. Now they are in a bag and trying to break out in any way they can. They post and repost, assuming someone may not see through the charade and get sucked in. That can only be of help to them.
PS: And the Ed Donhau, of whom he spoke, with interests in CMKX and other companies, also has a questionable past as it relates to improper securities trading.
Posted by bill1352 on :
legel, without you this thread would be no fun, i for 1 am glad your still around. but please left me know when your going to start posting reasoned opinions or factual DD about cmkx that is positive. i am glad you bring in the court papers, this is factual DD about CMKX but as of yet its not positive DD. maybe 1 day it may become such but as of now its negitive. i'm glad to see Unitied Carina is unhappy about being cut out of the carolyn pipe, smart move on UC's part as United is the controling interest in the uranium claims. when UC claimed he was inexperianced in business he didn't have to add to his actions in order to continue proof, everything done with CMKX till now is proof enough...lol
Posted by legaleagle on :
Thank you all for proving my point in the above post.
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: Thank you all for proving my point in the above post.
*******************************
Brilliant legal!!!! As usual, that says nothing and proves nothing.
Cannot stomach much more of your nonsense, so will speak with you later.
Posted by legaleagle on :
Shhhhhhhh..........listen.............can you hear it?
Posted by bill1352 on :
yep i can hear a gavel falling & a jail cell door closing. unless United carina & unitied pine did not fulfill contract obligations on the smeaton claims , which may be the case, UC stole from them. remember the secret core sampled locked away in a wharehouse that the cult believes proves cmkx found diamonds? smeaton a.k.a. carolyn pipe samples
Posted by legaleagle on :
quote:Originally posted by bill1352: yep i can hear a gavel falling & a jail cell door closing. unless United carina & unitied pine did not fulfill contract obligations on the smeaton claims , which may be the case, UC stole from them. remember the secret core sampled locked away in a wharehouse that the cult believes proves cmkx found diamonds? smeaton a.k.a. carolyn pipe samples
bill since you seem to now be stuck on the AZTM:
The claim on the Carolyn was due to expire last year. Spelliscy had already put people in the line and offered to hold the Rick Walker/United Carina/CMKX spot in line for $15,000. Walker agreed and paid Spelliscy. Spelliscy's people stood the line until the opening hour of claiming day. Here is where the "confusion" begins. Walker claims that Spelliscy was supposed to claim the Carolyn etal for United Carina. Spelliscy claims his agreement was just to "stand the line" for Walker and Walker was to come in and take the place in line and claim it for himself. Spelliscy has stated that when Walker didn't appear to take his place in line, Spelliscy claimed it for himself. When Walker wouldn't up the ante, demanded by Spelliscy, Spelliscy put the claim on Ebay to "push" Walker into agreeing on the new price. Most of this in the court records which I had faxed to me from Saskatchewan. That is DD.
In November of last year, and apparently in response to the "problem" being created by Spelliscy, reached in the file drawer of Shell corps and pulled out Hartigan Inc. He activated an old CMKX poster and HH Gregg manager, Scott Tobia and placed him as CEO and sent him off to buy the Carolyn from Spelliscy. Which he did. They threw in an old gold mining claim in Alaska and "voilla" AZTM is a key player in the CMKX Family of corportations. Either way the court case comes out, The CMKX Family wins the Carolyn.
What makes this so intriguing, is the 3% of Shore Gold's Star Kimberlite that is reported in AZTM's financials. Spelliscy stood the line for Shore on the Star as well, and was awarded a 3% fee for his services. That right was valued with a buy-back clause from Shore for a million dollars.
So is that the same 3% that AZTM is claiming on their financials after negotiating the Carolyn with Spelliscy? If so, what did Spelliscy see in AZTM's business plan that made it worth a million dollars to him? Those are the questions a good investor does DD to find out about. If you can find out why AZTM's play was worth a million dollars to a diamond mining "wheeler dealer" like Spelliscy; then you can find out why it might be worth that much to you.
How do I know these things? The DD I am accused of not doing. I spent over an hour personally with Scott Tobia in his office talking over the operations, viewing the samples of kimberlite that he had just returned with from Sask. I then spent over 20 hours researching the entire AZTM / Scott Tobia / CMKX connections. I established relations with the Sask Court Reporter so that I could keep informed about the case as it progressed. Many more hours were spent examining Ed Dhonau and his background and connections with CMKX and other corporations that he has been involved in. I then examined those connections and their officers, directors and operations. That is more DD that I have been accused of not doing.
And after all of that, I bought AZTM, because I don't doubt that they are part of the CMKX play in Sask. I am personally convinced that the whole thing is involved with Shore Gold and the interplay between the companies planned joint mining operations.
So bill, I have expanded my original post about AZTM, in case you missed it above. It is of course just my opinion based on DD, and I certainly don't recommend that you or others who read this invest in AZTM or their parent co. CMKX. Actually I don't even expect you to read this whole post, any more than you have the others.
Posted by ed19363 on :
Poor legal...all those hours wasted and not one FACT in the whole post, plus he still cant answer my questions....just like Andy, they must be brothers.
Posted by legaleagle on :
Shareholders Group: Shares: 69,370,880,496 Signed Agreements: 750
Posted by Doctoall on :
quote:Originally posted by legaleagle: Shhhhhhhh..........listen.............can you hear it?
Oh yes I heard it the toilet just flushed Posted by Doctoall on :
quote:Originally posted by ed19363: Poor legal...all those hours wasted and not one FACT in the whole post, plus he still cant answer my questions....just like Andy, they must be brothers.
One in the same Posted by legaleagle on :
Letter from Frizzell:
FRIZZELL LAW FIRM 305 S. Broadway, Suite 302 Tyler, Texas 75702 (903)595-1921 Fax (903)595-4383 E-Mail bfrizzell@tyler.net
To: CMKX Owners Group 4-13-05
The prehearing conference was just concluded. The SEC was represented by Leslie Hakala and John Bulgozdy. Your company was represented by Donald Stoecklein. Judge Brenda Murray presided over the conference. I entered an appearance on your behalf. There was much discussion over re-scheduling of the hearing date. The rescheduling was required because of the many matters that need to be accomplished before the hearing. The Judge wanted to make the hearing convenient to the parties and suggested two alternative sites All parties agreed to Los Angeles as the city for the hearing. The site of the hearing is undetermined at this point. I expect the hearing to convene in a Federal Courtroom in Los Angeles.
The new hearing date is May 10, 2005. We will receive an order from the judge regarding the place and time the hearing will convene. The judge discussed the issues presented by the SEC?s order and CMKM?s response. Mr. Stoecklein elaborated on the defenses he raised in the company?s response. In summary, the Judge seemed inclined to view the issues narrowly meaning the most critical issue is whether or not the required reports have been filed.
There were discussions about depositions and subpoenas that may or may not be requested as the parties prepare for the hearing. This hearing has the potential for numerous witnesses and the judge will include a deadline for the parties to tell each other and the court who the witnesses will be at the hearing. The Court agreed to consider any requests from the parties if subpoenas were necessary by either the company or the SEC. The SEC urged the Court to consider summary disposition (rule in favor of the SEC without a hearing) but the Court did not agree to do that at this time.
The Court ruled that if either party wished to present experts at the hearing, the party presenting such expert testimony would have to follow her procedure of having certain parts of that expert?s testimony ?pre-circulated?. The judge has said very emphatically that this hearing is a fact finding hearing and she will consider all the evidence and hand down a ruling within the 120 days from the date the order was filed by the SEC. This judge is very dedicated to seeing that there is ?transparency? in these proceedings. She used this word in the order allowing us to intervene and she mentioned it again. This is a good thin g for the shareholders. Transparency in this sense means there should be no hidden agendas or evidence that is secreted or kept from the parties and the public.
There are complications in preparing for this hearing due to the UCAD investigation. It would not be appropriate for me to go into the details of the problems presented by the UCAD investigation. I will direct you back to the press releases which discussed subpoenas to certain company officials as a result of that investigation. I am pleased with how the Judge has agreed to handle any disputes between the parties over this separate investigation. My suggestions to the Court on how to handle the disputes over the UCAD investigation were not well received by the SEC attorneys.
This hearing went as good as could be expected for the shareholders. The company can use the additional time as they work through the problems presented by this SEC action. Donald Stoecklein is doing an excellent job representing the company. The SEC enforcement attorneys are representing their agency in earnest as well. There have been no discussions about resolving this proceeding in any fashion other than asking the Court to deregister the company. I am very impressed with the efforts of Judge Murray to remain an independent jurist befor e hearing any evidence in this case.
Many people are wondering about discussions of naked shorting and there was not a discussion of naked shorting during this prehearing conference. That is not surprising to me. Our investigation in this area is ongoing. The investigation we are conducting is separate and apart from the things I am working on to prepare for this hearing. I will continue our investigation with the company?s assistance while I prepare for the hearing.
We are discussing a meeting with the SEC in the next few days for a review of the file. The Respondents to this type of proceeding are typically allowed to view the administrative hearing file and obtain copies of certain parts of the file. If I attend that meeting I will report to you the results of this meeting when it occurs.
Sincerely, Bill Frizzell
Posted by legaleagle on :
quote:Originally posted by ed19363: Poor legal...all those hours wasted and not one FACT in the whole post, plus he still cant answer my questions....just like Andy, they must be brothers.
I am beginning to see what your problem is Ed. @^@
Posted by ed19363 on :
Why? Somebody hand you a mirror??
Posted by Wallace#1 on :
Legal wrote:
"How do I know these things? The DD I am accused of not doing. I spent over an hour personally with Scott Tobia in his office talking over the operations, viewing the samples of kimberlite that he had just returned with from Sask. I then spent over 20 hours researching the entire AZTM / Scott Tobia / CMKX connections. I established relations with the Sask Court Reporter so that I could keep informed about the case as it progressed. Many more hours were spent examining Ed Dhonau and his background and connections with CMKX and other corporations that he has been involved in. I then examined those connections and their officers, directors" *******************************************
An hour or more spent with Tobia talking over operations and viewing samples? First, that suggests you are some kind of expert in operational management, but in reality, all you did was listen, right? Precisely what is your expertise in operational management? And I mean REAL expertise! How many consulting projects have you worked on in that capacity? What companies? Second, that suggests you are able to draw conclusions just from looking at kimberlite or that you are some kind of mining expert, when in fact, from a professional point of view, you don't know a damn thing about what you observed. So what if you viewed kimberlite! How many diamonds were in it? How did that relate to the kimberlite that CMKX people had to send to a laboratory for testing and analysis, but you are so over-qualified that was unnecessary. More to the point, you carefully neglected to omit any conclusions drawn....in what you seem to be purporting was a professional examination.
You stated you spent many hours examining Ed Donhau, his background and his connections. His name has come up on numerous occasions on the CMKX threads. Further, as part of those posts, his background and connections were also examined. You needn't have wasted "many hours" to determine he has a very questionable past concerning securities trading. It was already posted in great detail....and with specific references quoted. More to the point, you carefully neglected to omit conclusions drawn. Why?
So, in effect you are crediting yourself with DD, when in fact, you have said nothing but a bunch of words, and, in the case of Donahu, was already well known.
Posted by Wallace#1 on :
With reference to legal's repost of a so-called report from atty Fizzle (sp): NOTE: Just checked out the spelling. "Fizzle" is close enough, but it is Frizzell. LOL
"In summary, the Judge seemed inclined to view the issues narrowly meaning the most critical issue is whether or not the required reports have been filed."
Response: We all know the reports were not filed. If that is the most critical issue to the judge, then there should be no question as to the outcome.
"The SEC urged the Court to consider summary disposition (rule in favor of the SEC without a hearing) but the Court did not agree to do that at this time."
Response: The reference to "Summary disposition" deals with "Summary Judgement" I had previously mentioned. The judge did not rule on that matter at this time, but obviously did not leave out the possibility.
"The judge has said very emphatically that this hearing is a fact finding hearing and she will consider all the evidence and hand down a ruling within the 120 days from the date the order was filed by the SEC."
Response: The facts do speak for themselves. There is no question of that!!!
"My suggestions to the Court on how to handle the disputes over the UCAD investigation were not well received by the SEC attorneys."
Response: Probably "not well received" for good reason. He conveniently leaves out whether they were well received by the judge.
"Many people are wondering about discussions of naked shorting and there was not a discussion of naked shorting during this prehearing conference."
Response: No surprise. It does not appear to have been a major question in the minds of the judge, the defense or the prosecution. Why should it be? It has nothing to do with the violations of which CMKX et al are accused. The one thing that should have been added in the charges is INCOMPETENCE!
[ April 13, 2005, 20:10: Message edited by: Wallace#1 ]
Posted by Doctoall on :
IMO Legal is an insider with CMKX and pumping a worthless stock. Maybe it won't be hard to find a cell mate for Urban as Legal won't be far behind. It is very interesting how you always get your hands on documentation from CMKX and Frizzell before anyone else. I think that Martha left her cell in great shape, bet you could get it for a bargin.
That is exactly why I sent copies of all your post along with my complaint to the SEC. IMO you are connected with the scam of CMKX.
Posted by Wallace#1 on :
Doc, your point is well made. It is a question that must be raised. As Glassman said, a paid pumper? Or, as you say, somehow wormed his way inside? He just plain protests too much, and, maybe let the cat out of the bag when he said he has information of which he cannot speak.
FACT: He said he bought AZTM stock.
If he bought that stock knowing any information about CMKX or AZTM or any related company that may affect the price of those publicly traded stocks that was not publically released, he violated securities laws. In short he would have traded using and on the basis of having inside information. That is illegal!!! Think of Martha Stewart's problems.
Posted by legaleagle on :
Nice try at intimidation guys, but sorry, not an insider, just an investigator.
Posted by dwman on :
quote:Originally posted by Doctoall: IMO Legal is an insider with CMKX and pumping a worthless stock. Maybe it won't be hard to find a cell mate for Urban as Legal won't be far behind. It is very interesting how you always get your hands on documentation from CMKX and Frizzell before anyone else. I think that Martha left her cell in great shape, bet you could get it for a bargin.
That is exactly why I sent copies of all your post along with my complaint to the SEC. IMO you are connected with the scam of CMKX.
Doc, I have to defend legal here. If he is an insider then so am I. We got the email from Frizzle dizzle at the same time. I was not in favor of the third party thing and I don't see that it accomplished much for the money. However, receipt of the email is not evidence of his being an insider. BTW.... Hi Doc. I've missed chatting with you. I have been busy with the new grandson.
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: Nice try at intimidation guys, but sorry, not an insider, just an investigator.
********************* Investigation or not, if you were given inside information by ANYONE and then traded on the basis of that information, that is illegal!
Dwman, I was speaking about legal's other post. Not the info Fizzle sent.
Miss seeing your posts, buddy. Having fun with the baby? Envy you!
Posted by dwman on :
Wallace, I wasn't talking to you. LOL I was responding to Doc. How are you my friend? Hope all is well.
Posted by dwman on :
Sorry if this has already been posted.
U.S. Canadian Minerals Inc. Acquires Additional Mineral Rights Concessions in Ecuador LAS VEGAS, Apr 13, 2005 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. (Pink Sheets: USCA) acquired 13,877 acres of land in Ecuador near its Yellow River and Santa Fe processing plants. There are a number of existing mineshafts on the land from which gold-bearing ore has been produced. The company expects to renovate the shafts as necessary and to begin producing gold-bearing ore within three months.
The company expects to extract gold and other precious metals from the ore from these new concessions in its own processing plants. The aggregate capacity of these plants, currently 200 tons per day, is expected to be great enough to accommodate all the ore from the company's newly acquired concessions and all the ore presently being produced from the American Shaft, in which the company has only a minority interest. The company does not have sufficient information to predict the initial or full amounts of ore that the new concessions are capable of producing, or when, if ever, such production will increase from initial levels.
It is expected that capital expenditures of $60,000 will be necessary to commence production from the new concessions. The company plans to finance these capital expenditures.
In order to prevent the newly acquired concessions from reverting back to the government, the company must spend $1 per hector exploiting the mineral rights during the next two years.
The company's CEO, Rendal Williams, said: "We wanted to acquire some additional mineral rights to complement our processing capacity. The beauty of processing ore that we own at plants we own is that we get all the gold produced, not just half of it, as is the case when we process ore that someone else owns. These new concessions are within 15 miles of our Yellow River plant and are even closer to our Santa Fe plant."
SOURCE: U.S. Canadian Minerals Inc.
U.S. Canadian Minerals Inc., Las Vegas Rendal Williams, 702-433-8223
Posted by Wallace#1 on :
Oh well, my loss dwman. LOL
Posted by dwman on :
Wallace, you ought to see my newest grandson. Wow!!! What a beautiful baby. Looks just like his paternal grandfather ( guess who ).
Posted by dwman on :
ooops.... that would be maternal grandfather...my daughter. lol
Posted by Wallace#1 on :
If that kid grows up to be like you, everyone should be very proud of him.
AND STOP SPOILING HIM!!!!
Posted by dwman on :
LOL... boy did I fool you. You know all the right words. Seriously though, I do appreciate that, Wallace, because I know you mean it. Thanks. Now, as a famous person I know once said, "enough of this before will suggests we get a room." LOL
Posted by legaleagle on :
quote:Originally posted by Wallace#1: Legal wrote:
"How do I know these things? The DD I am accused of not doing. I spent over an hour personally with Scott Tobia in his office talking over the operations, viewing the samples of kimberlite that he had just returned with from Sask. I then spent over 20 hours researching the entire AZTM / Scott Tobia / CMKX connections. I established relations with the Sask Court Reporter so that I could keep informed about the case as it progressed. Many more hours were spent examining Ed Dhonau and his background and connections with CMKX and other corporations that he has been involved in. I then examined those connections and their officers, directors" *******************************************
An hour or more spent with Tobia talking over operations and viewing samples? First, that suggests you are some kind of expert in operational management, but in reality, all you did was listen, right? Precisely what is your expertise in operational management? And I mean REAL expertise! How many consulting projects have you worked on in that capacity? What companies? Second, that suggests you are able to draw conclusions just from looking at kimberlite or that you are some kind of mining expert, when in fact, from a professional point of view, you don't know a damn thing about what you observed. So what if you viewed kimberlite! How many diamonds were in it? How did that relate to the kimberlite that CMKX people had to send to a laboratory for testing and analysis, but you are so over-qualified that was unnecessary. More to the point, you carefully neglected to omit any conclusions drawn....in what you seem to be purporting was a professional examination.
You stated you spent many hours examining Ed Donhau, his background and his connections. His name has come up on numerous occasions on the CMKX threads. Further, as part of those posts, his background and connections were also examined. You needn't have wasted "many hours" to determine he has a very questionable past concerning securities trading. It was already posted in great detail....and with specific references quoted. More to the point, you carefully neglected to omit conclusions drawn. Why?
So, in effect you are crediting yourself with DD, when in fact, you have said nothing but a bunch of words, and, in the case of Donahu, was already well known.
At the risk of wasting valuable band width, Wallace I will answer your charges against me one more time, but mainly to reinforce the point that you attack individuals here, not provide DD on the stock that you so ardently bash.
W) An hour or more spent with Tobia talking over operations and viewing samples? First, that suggests you are some kind of expert in operational management, but in reality, all you did was listen, right? Precisely what is your expertise in operational management? And I mean REAL expertise!"
A) I won't belabor it, because I have already listed my experience here as a Principal Broker and CEO of my own real estate corporation. I am a graduate accountant and have 20 years experience in fraud, white collar crime and embezzlement investigations. I have taught real estate practice and contract law at the licensing level.
W) Second, that suggests you are able to draw conclusions just from looking at kimberlite or that you are some kind of mining expert, when in fact, from a professional point of view, you don't know a damn thing about what you observed. So what if you viewed kimberlite! How many diamonds were in it? How did that relate to the kimberlite that CMKX people had to send to a laboratory for testing and analysis, but you are so over-qualified that was unnecessary.
A) I simply said I viewed the samples of kimberlite that he had since I had never seen any before. He graciously showed them to me and described some things about them. I didn't claim to be an expert in kimberlite or diamonds. He also gave me a small sample which I subsequently had examined by an expert. And sorry I won't discuss the results.
W) More to the point, you carefully neglected to omit any conclusions drawn....in what you seem to be purporting was a professional examination.
A) That sentence was poorly constructed Wallace so I will have to interpret it as a "best guess" of what you meant. (I really thought dw had gotten you straightened out on that) Apparently you think I "carefully neglected to draw any conclusions" is that what you wanted to say? Well perhaps you just needed a clearer conclusion than, after doing my DD, I purchased AZTM stock. What other conclusion did I need than I thought this was a stock to purchase due to it's future potential.
W) So, in effect you are crediting yourself with DD, when in fact, you have said nothing but a bunch of words, and, in the case of Donahu, was already well known.
A) You seem to derive great pleasure at telling board members what to think from what they read with their own eyes. I think anyone who read my post understands that what I did was "due diligence" that far surpassed anything you have brought to this board. I didn't repost the specific details of the DD with links, because it has already been reposted on most of the legitimate message boards several weeks ago. It's a shame you don't get around more. But sitting here griping and whining is more your style than actually getting out and discovering things that may not agree with your very jaded view of this stock.
Posted by dwman on :
A man can have no better friend than one who was once his enemy. Guess who said that? Yep, it's original... me. I know from experience.
Posted by legaleagle on :
quote:Originally posted by Wallace#1:
quote:Originally posted by legaleagle: Nice try at intimidation guys, but sorry, not an insider, just an investigator.
********************* Investigation or not, if you were given inside information by ANYONE and then traded on the basis of that information, that is illegal!
Dwman, I was speaking about legal's other post. Not the info Fizzle sent.
Miss seeing your posts, buddy. Having fun with the baby? Envy you!
Wallace you are trying so hard, I really should just let this go so you can keep pretending that you actually know something about investing and DD.
Everything I discovered about AZTM was found on the internet and public records, except my interview with Scott Tobia. He not only didn't provide any "inside" information, he lied to me three times about questions about the company. It was those lies that led me to keep digging in those internet and public records. As I stated above, all of that information has been republished by other posters on the various boards, and the links and sources are all listed.
I hope that finishes your bashing on me, and that you could get back to bashing the stock. Folks come here to find out about their investments and potential investments, not to hear you try to settle old vendettas.
Posted by Wallace#1 on :
Just keep buying CMKX and related company stocks, legal. You will make $millions....at least in your dream world!! And, so what you are saying is that Allstocks is not one of the "legitimate message boards"? That Donhau stuff was posted months ago, not weeks. Had you been paying attention, instead of pumping, you would have known about it much sooner. No comment about Donhau's past performance, huh? You certainly do have a habit of leaving out critical information when it suits you. The other thing you do on a regular basis is conveniently ignore answering questions that you disagree with but know are truthful in their direction.
You faithful cannot handle truth, so you call it griping and whining. Again, very typical of you. And as far as "getting out and discovering things" is concerned, I got out of CMKX quite some time ago when I discovered it was and is a scam.
Re: your post immediately above. Facts are facts, and it is a fact that if you traded on the basis of knowing/having inside information, that is an ILLEGAL ACT. Running scared, huh, legal?
Posted by Doctoall on :
quote:Originally posted by dwman: A man can have no better friend than one who was once his enemy. Guess who said that? Yep, it's original... me. I know from experience.
Welcome back dwman, congrats on your new grandson. Waiting for 2 new grand daughters here and that will make a total of 5 ( 1 grandson and 4 grand daughters) Posted by legaleagle on :
quote:Originally posted by Doctoall: IMO Legal is an insider with CMKX and pumping a worthless stock. Maybe it won't be hard to find a cell mate for Urban as Legal won't be far behind. It is very interesting how you always get your hands on documentation from CMKX and Frizzell before anyone else. I think that Martha left her cell in great shape, bet you could get it for a bargin.
That is exactly why I sent copies of all your post along with my complaint to the SEC. IMO you are connected with the scam of CMKX.
Doc one thing I can tell you from many years of investigating is that investigations leach out in all directions from the source. I made it clear earlier that I have no objection to an SEC probe of my involvement in this stock and posts I have made on this board. But if you really did launch such a probe, surely you know that they will be investigating you and your posts as well, and those of your friends here on this board. I am secure in my knowledge that what I have brought to this board in my own posts are the truth as I see it and designed only to give another side to the negatives and bashing here on this thread. The dual sidedness is the same for the reposts. However, I am not so sure about you and all of your friends and their bashing. YOU MAY HAVE JUST BROUGHT DOWN A BIGGER HAMMER ON YOURSELF AND THEM THAN YOU COULD EVER IMAGINE. I'm sure they will appreciate it.
Posted by Hobnob on :
As far as Urban's having been a prison guard, that is not unusual for his heading CMKX.
An idea of a small discount telephone communications company was conceived in a coffee shop in Hattiesburg, MS. and its recent CEO was at one time a Jr. High School basketball coach. This man acquired a personal net worth of 1.4Billion dollars.
He had a big boat,thousands of acres of land,new home(over 3 million) and a young wife. He seemed to have it all---------BUT; Greed took over and he is now headed for the orange jumpsuit group.
His name;;';;;;BERNIE EBBERS !!
Ring a Bell?
It happens !
Posted by Wallace#1 on :
Well, Doc, now you have been warned. The famous cop/detective/investigator has read you the law. Isn't he the same one who gave away the clues that allowed someone to contact the police precinct where he worked and got his real name? Bungling idiots!! Must be QUALITY investigatory work for which he is known!
Here come da judge!! LMAO
Posted by legaleagle on :
Wallace, MY POST of all of the DD combined, not just Dhonau was published several weeks ago. Of course Dhonau has been known about for months by everyone who has even taken a cursory look at this stock knows. But what was out there was not complete and didn't link Dhonau to AZTM. So once again you are going off half cocked. And if you had read the DD that was reposted from me, you would have seen that it very clearly pointed to a very "shady" character that had associations with Dhonau. As a matter of fact, I will add just a little more that isn't commonly known, but easily discovered on the web if you apply yourself. That character has reportedly turned "states evidence" and is currently assisting the Justice Department.
Posted by Ric on :
Looks like a fun day. Stuck in hospital again so don't run anyone off till I get back. I like the defense though, lol. Notice it has nothing to do with the company. All they can come up with is it will hurt the shareholders. Well the shareholders still can sell so how is it hurting them. If they stick around knowing all that has happened then they hurt themselves IMO. Those 400 shareholders can sell there shares tomorrow, so how are they hurting. Taking a lose happens all the time in the market. But thats all I see in the defenses argument, well also UC don't know how to run a public company and had a stroke.
IMO, if the filings are not done before the hearing then its over.
Posted by Ric on :
Have a good nite. Might sneak out later if I can't get to sleep in those comfortable hospital recliners, lol.
Posted by Doctoall on :
quote:Originally posted by ed19363: Instead of prohibiting PRs, we should encourage the SEC to ask for COMPLETE INFORMATION on the state of the stock, including all the financial filings that are missing. RIGHT NOW !!!!! Enough BS, either UC and his cronies come clean to the stockholders, or put his AZZ in jail. No more BS !!!!!!!
So Legal you are suppose to be the great "investigator", well go investigate was others have asked of you like Ed and so many more. Get us some answers as to why Urban has been feeding us bull, why we don't know the results of the so called diamond samples, how our shares are going to get to $1.00 each, why do we have 703 billion shares. Now those are things to investigate, bring back solid facts and not your usual crap. And while you are at it find out why Urban is so stupid that he would trust his entire company to a complete stranger (Roger Glenn) and also check out Urbans blood for toxins created by gas fumes as he spends so much time at the races with our hard earned dollars that he has managed to SCAM, yes SCAM Posted by glassman on :
leqal? you don't really think that any of these guys are working for the offshorehedgefundevilMMmob do you? LOL
Posted by legaleagle on :
quote:Originally posted by Wallace#1: Well, Doc, now you have been warned. The famous cop/detective/investigator has read you the law. Isn't he the same one who gave away the clues that allowed someone to contact the police precinct where he worked and got his real name? Bungling idiots!! Must be QUALITY investigatory work for which he is known!
Here come da judge!! LMAO
That guy was another one of your followers wasn't he Wallace? My real hopes are that he took the time to find out who "noahltl" really was and what he did in his time there. By the way, that same guy is back here again under his fifth pseudonym. You must be really proud of him.
Posted by Doctoall on :
Legal I would advise you to pull back just a fraction of an inch from Urban's behind. You will accomplish two things: 1. Get some oxygen to your brain and 2. Get a different view other. It would appear that you have tunnel vision Posted by Wallace#1 on :
Ric,
Based upon Fizzle Frazzle's letter it looks like the judge is going to insist upon learning more about the fact that SEC filings were not made....that that is a critical factor in her decision. Had UC never filed documents before with other companies for which he was responsible? The fact that he did not file with CMKX is cut and dried. Who had the ultimate responsibility? Who ran the scam? No excuses!!!
Posted by legaleagle on :
quote:Originally posted by glassman: leqal? you don't really think that any of these guys are working for the offshorehedgefundevilMMmob do you? LOL
Watch for futher indictments on the Street
Posted by Wallace#1 on :
No, legal, I am really proud of you. LMAO
Posted by Doctoall on :
quote:Originally posted by Doctoall: Legal I would advise you to pull back just a fraction of an inch from Urban's behind. You will accomplish two things: 1. Get some oxygen to your brain and 2. Get a different view other. It would appear that you have tunnel vision
Investigate those possibilities Posted by Wallace#1 on :
"Watch for futher indictments on the Street"
More diversion by legal.
Posted by buckwheatbob on :
Legal,
I have one question for you,why do you fight so hard for something that will never fly? Correct me if I am wrong, but I can only think of 2 answers: 1/ your an insider connected to the family or business some how or;
2/ You own so many shares that you are loosing your pants or house or what ever.
I have read everything till the cows come home and can only come up with those 2 deductions. Yes I have owned some of this stock in the past and learned my lesson. My questions are more curiousity.
Posted by legaleagle on :
From that other board
4C's,
Good to speak with you again. I only have a couple of minutes then have to run. I will check in later.
You and I discussed NSS before and had friendly but opposite opinions as to whether or not it existed and how large it could be. We know the issues at the heart of this investigation are the company filings. We also know that the share structure is at the heart of the company filings. We also know that when CMKX files each and every insiders postion will be shown and the float will be known. What happens if CMKX files everything before close of business on 4/17 and the float is shown to be very low, possibly certificates only? There would obviously be enough information at the judge's fingertips to show a massive NSS position. How can a judge with the primary concern of "protecting" shareholders and who is looking to revoke CMKX's ability to trade ignore an issue like this?
I believe the reason NSS was mentioned in our response is two fold. First, it says to the SEC we will file and our share structure will finally become public. The numbers are in our favor and you better be prepared for the repercussions. Second, it lets the shareholders know CMKX hasn't been ignoring the NSS issue and that it is alive and well. It also leads me to believe that CMKX has the proof it needs otherwise they wouldn't mention it at all.
In my opinion the end of this week should be very interesting. I look forward to your comments. TIA...
lowriderbill
Posted by dwman on :
quote:Originally posted by Doctoall:
quote:Originally posted by dwman: A man can have no better friend than one who was once his enemy. Guess who said that? Yep, it's original... me. I know from experience.
Welcome back dwman, congrats on your new grandson. Waiting for 2 new grand daughters here and that will make a total of 5 ( 1 grandson and 4 grand daughters)
You rascal!!! I can't get a grandaughter. Both of my kids have two and will have no more. Grandkids are wonderful.
Posted by Bigrod40 on :
.....and now for something completely unrelated. Upside sent this to me. Why he didn't share with everyone, I don't know. If you buy CMKX stock you may also be sucker enough to send this guy some of your cash.
Didn't many of the faithful push somewhat the same kind of fundraising for Melvin and wife? Wonder what they did with the money. I doubt if he was foolish enough to buy CMKX stock with it.
With reference to the "shorts", they're more to legal's liking. LOL
Posted by will on :
Did Melvin find her under a porch too?
Posted by Wallace#1 on :
No, more likely to have been a beaver.
Posted by Wallace#1 on :
Good night.
Posted by legaleagle on :
quote:Originally posted by buckwheatbob: Legal,
I have one question for you,why do you fight so hard for something that will never fly? Correct me if I am wrong, but I can only think of 2 answers: 1/ your an insider connected to the family or business some how or;
2/ You own so many shares that you are loosing your pants or house or what ever.
I have read everything till the cows come home and can only come up with those 2 deductions. Yes I have owned some of this stock in the past and learned my lesson. My questions are more curiousity.
Buckwheatbob, I have asked myself that question many times. I got in this stock back in January of last year. I put a hundred bucks in it for a million shares at .0001 in hopes of turning a quick double at .0002, and out. It sat and did nothing for a long, long time. And just as a matter of housecleaning I finally put in a sell order at .0001 hoping to get my money back less commissions. But, just to let you all know I am human, LOL, I accidentally hit the buy button instead and was suddenly blessed with 2 million shares.
Now at that point I had already done some minimal due diligence even before buying it the first time, and occasionally watched to see what else the company was up to by way of PR's. That was back when we actually got PR's. Well I suppose I wasn't the only one who had a dream of a lottery ticket in a diamond mine. All the normal thoughts cropped up from time to time that any human has of seeing that million shares go to 1.00 and being an instant millionaire. It's called "a dream". So since I didn't have too much tied up in it, even though I had twice as much as I preferred, I decided to just watch it, and do a little more DD as questions arose.
By last summer, I had learned quite a bit about the company and came to feel that I knew enough about the man Urban Casavant, that I would continue to bet a couple hundred dollars on him, his dream, and mine.
Allstocks was one of the boards I visited frequently to discuss the stock with people here, who were knowledgeable and reasonable in their assessments. I didn't post much back then, I preferred to listen to the more knowledgeable people here. When I did post, it was usually reposts of some article or posting that I found interesting and felt the board might want to discuss.
I had a lot of time to do that, search the various boards and sources because I am pretty much bound in my chair due to an inablilty to walk very far, and this is something I can do to be productive and help other people who don't have as much time on their hands as I do.
So this was a pretty good board until summer, then a guy came in with stories of exploits on Wall Street. Won't name any names. LOL And everything he had to say was negative, all the time. His first comments to me were something about not letting something I had said "bite me in the ass". So we had a "pleasant" first meeting. From that point on, we continued to challenge each other. And to tell you the truth, I became quickly more educated about CMKX and it's JV, due mainly in part to the efforts of that guy. Not because of what he knew, that has been sorely lacking since he admitted he didn't know what a MM was, but rather to prove him wrong. So if I have become his nemesis, it's a thing of his own making. And truthfully, I have to thank him for forcing me to become more aggressive in my pursuit of DD.
Well, also at that time, there were a number of Christians on this thread, and occasionally that fact came into conversation. It's kind of hard not to arise when people, like now, ask you what motivates you to do certain things, or why you feel the way you do. There was a poster here, named WWJDthrume, who obviously from her moniker, wore her faith on her sleeve. She was an experienced and long time investor who had a tremendous devotion to her ministry to the starving children of the world. And she made it clear that that was "her dream" in CMKX, to hopefully receive enough to forward that mission. That was sort of my dream too, as I run a ministry to the handicapped and disabled in my county, as much as I can in my condition.
But buckwheat, I don't know your faith or what part it plays in your life, but for many Christians, it is the primary motivating force for us. There are those who, for whatever reason, for whatever pain they have suffered in their lives, hate religion, hate Christianity, and hate the Christians they encounter. It's nothing new to us. Happens all the time. I won't point any fingers, they will let you know who they are later, but that spirit of animosity arose in this room, and it got so ugly that WWJD had to leave. The fighting was wringing every bit of good will she had right out of her. VNGNTN1 was another experienced investor and Christian who was bounced from the room according to what he told me. And he didn't know why. Didn't care either. He also found it counter productive to be here. That left me and dwman, as the remaining posters who had been "identified" as Christians. DW is a great guy and truly an exemplary Christian man. WWJD, Van, and DW all went to Christian Traders and became Admins and moderators there and have built that board to over 1400 members and continue to do an excellent job of managing a board that never sees this kind of conflict, but rather aids and assists their fellow members in all sorts of stocks and investments, yes, including CMKX.
Me on the other hand, I stuck around. You, know, Wallace is so much fun to be around, and he was making me a much better investor, even if he didn't know it. So why did I, a Christian, stick around for the abuse of my person, my faith and my investment? It's because my personal vision of my leader, is not that of a "wimp". I didn't think that a Christian had to be pushed around by bullies. So I stayed, defended my position in my choice of stocks, and defended my faith if attacked.
But finally I found that there was no more discussion of the stock here, unless it was just someone calling it a scam. Most of the posts deteriorated into sex, beastiality, innuendo and toilet humor. So I joined Christian Traders as well, so that I could have a place where I could research CMKX and all of my investments. A place where I wasn't attacked for my faith or my belief in my investments.
And it was a very productive move. I found myself with people assisting me in my DD, and me assisting them in theirs. I was suddenly in an environment of investors that encouraged instead of discouraging. A place where the light was preferred to the darkness. A place where the positive overshadows the negative greatly. And in that environment I was able to accomplish so much more in the way of learning this stock, what is has gone through and where it is going. It is composed of people from all backgrounds, including lawyers, stock brokers, tax accountants and yes active law enforcement people. And we all pull together and help each other, providing information and DD, and professional assistance and advice. So I did belabor that because you wanted to know why I fight so hard here.
It's very simple, I learned more, a lot more about CMKX, the JV's, investments in general, the "webs" that make up the CMKX "family", the SEC, the DTCC, the MM's and even "off shore hedge funds". I continued to accumulate CMKX whenever it could be had at .0001 and eventually built my shares up to 18.8 million. Not a huge investment spread out over a year, but enough to keep me happy.
So a couple of months ago, I wandered back in and found the SOS here. Only a lot worse. And I found something else. I found a lot of people hiding in the shadows who still believed in this stock, but were afraid to admit it openly. So I began bringing some of the things that I had found in my absence. And of course, I was attacked again. It wasn't unexpected. But I have spent my life, never afraid of conflict or controversy, so that meant very little. I believe in the company and it's future, I believe Urban is an o.k. guy. Made some mistakes, sure, what businessman at his level hasn't? Made some unfortunate business contacts? Yes that happens as well. But a crook? No. Can't make believe that yet. And I have run into a lot of high level criminals in my day, and this guy doesn't act like any of them.
So I bring the positive side of this stock to the board to offset and counter what a handful have done here. I bring it because some people here still want to know both sides. And I bring some of it here, just because the "other side" doesn't want me to.
I know this a long post, but buckwheatbob, you are the first poster that has asked publicly, so I thought I would take this opportunity to set the record straight. And though it took up a little space, I bet it can't compare to the space they are going to take up attacking me again.
Posted by lanebro on :
Before I head off to the races, where I surely will see a very HUMBLE Urban fella (much like all the other races so far), I must post a statement... Legal, for someone so BUSY as yourself, what on earth allows you the TIME to spew so incecently here? It would seem an extravagance most could not afford, those of whom work so hard like you do. What a guy!!! I applaud you for your stamina you crazed, investigating, DD-ing, real estate CEO tycoon, you! I'll let Urban know you are with him in spirit this weekend, though he'd, probably, rather you just merely quit with your ramblings. They draw SO much attention!
Posted by drgnfly on :
Holy gimpy loser batman
Leagle your investment is what makes you spam these boards like a knucklehead? Please leave now. Everything you post crap here it takes away from other peoples post on real stocks that are making real money. Please stop bumping this useless stock up and collect some foodstamps to make up for the 200 u lost.
Posted by bill1352 on :
well again i missed a few pages...damn comcast & its cable went out again tonight. thus Legel i was unable to reply...I hope you made a new friend on your great investigative journey. yet in all your posts you show no proof other then what has been in the back of my & a few other minds. claims are leaving cmkx & heading elsewhere. just because "stock scam ed" is part of AZTEC does not mean anything to cmkx. i work with a few companies that do the exact same thing i do but their jobs are not mine & thus my company does not profit from them. the same goes for cmkx, usca, gemm, aztec, sggm & any other group of letters you want to combine. there is nothing in your posts that show me or anyone else that cmkx is aztec's parent company. maybe i missed that post from weeks ago, if i did please repost any proof of this. UC has said those he intrusted screwed up, would that include Ed?. i have said in the past buying these other companies may just be a smart move as all of them do have short runs. see the idea is to profit not lose money. this thread is about CMKX & what it is doing for the pps of CMKX stock. the pps of said stock is not determined by USCA, GEMM, AZTC, SGGM, or any other company. its is determined by the income of CMKX verses the o/s of CMKX. said o/s is 703 billion shares!!!! debeers, shore gold & any 5 other mining companies combined can not increase that o/s off the .0001 floor & CMKX will never equal that. even if the float is 100 billion it will never see .0003, i dont care what they pull out of any claim you can not create the stock shortage needed to increase the pps. this is the problem with a number of companies that have a much larger chance of seeing a billion dollar valuation, at least a better shot then a company that is digging holes in the ground hoping to find something. & those companies are not even in the same area code when it comes to 703 billion shares in the o/s. as for naked short?? sorry bud, but the mm's are too smart to let a no account company like CMKX hurt them, not gonna happen. but if there is a n/s its your only hope of seeing .0003 at bid & if you do sell & sell fast, it wont last long.
Posted by dwman on :
quote:Originally posted by drgnfly: [QB] Holy gimpy loser batman
/QB]
WOW!!! drgnfly, it takes a real man to make fun of someone's affliction. I want to be just like you when I grow up. NOT!
Posted by BB on :
Legal, what is this shareholders group? I would like to see the list just to see how many people own what. In the past couple of years of reading these message boards - I've never seen so many investors taking shots at one person (you). You better take it easy on Wallace before his blood pressure causes him to have a heart attack. It seems to me that if these people could get a hold of you they would beat you senseless - just to keep you from posting. The hate toward you from them is mind boggling and I've never seen anything like it. I enjoy your posts. Keep posting.
Posted by stockcrazy on :
I am with you BB, keep it going Legal!
Posted by ed19363 on :
Something new for people to chew on.
Why are some people allowed to buy and sell stocks at .00005 and others are not. Is this not a form of discrimination against the average investor? Can anything be done to level the playing field?
Posted by dwman on :
quote:Originally posted by ed19363: Something new for people to chew on.
Why are some people allowed to buy and sell stocks at .00005 and others are not. Is this not a form of discrimination against the average investor? Can anything be done to level the playing field?
Yep... It's all coming down. The Director of SEC Enforcement Division resigned this morning.
Posted by dwman on :
Just the beginning IMO.
Posted by legaleagle on :
quote:Originally posted by BB: Legal, what is this shareholders group? I would like to see the list just to see how many people own what. In the past couple of years of reading these message boards - I've never seen so many investors taking shots at one person (you). You better take it easy on Wallace before his blood pressure causes him to have a heart attack. It seems to me that if these people could get a hold of you they would beat you senseless - just to keep you from posting. The hate toward you from them is mind boggling and I've never seen anything like it. I enjoy your posts. Keep posting.
BB here is a link to the website of the group that started the shareholders group:
quote:Originally posted by drgnfly: [QB] Holy gimpy loser batman
/QB]
WOW!!! drgnfly, it takes a real man to make fun of someone's affliction. I want to be just like you when I grow up. NOT!
It didn't take him long to identify himself. Time for a new screen name drgnfly.
Posted by dwman on :
legal, not time for a new screen name IMO. Time for an apology but I doubt he is man enough and probably doesn't have the word "sorry" in his vocab.
Posted by legaleagle on :
quote:Originally posted by ed19363: Something new for people to chew on.
Why are some people allowed to buy and sell stocks at .00005 and others are not. Is this not a form of discrimination against the average investor? Can anything be done to level the playing field?
I can only speak from my experience with Ameritrade ed. First they cut off shareholders access to buying CMKX. This was done IMO to allow their MM to be the only buyer of shares so that they could cover their NS. Prior to this retail buys were streaming through even with the suspension and charges. They didn't know what else to do. Then they realized that people couldn't sell shares to their MM while it was trading in the 5th digit, so they broke yet another standing rule and allowed sales in that range. Their desperation is more and more apparent.
Posted by Wallace#1 on :
Here we go with the same old crap from legal. I am handicapped. I am a former cop/detective. I want to push religion along with stock. I have been unmercifully picked on. I am the good guy. I am a novice and anyone who worked on Wall St or managed two divisions of the NYSE does not know of what they are speaking or cannot do DD. He now (I think) claims to have some kind of financial background. I want everyone to feel sorry for me because of my handicap....but don't consider my other handicaps when it comes to being "wall street smart". I and others ran off because we couldn't stand the heat when we brought it on ourselves.
Legal, you are not the only person posting on this thread with a handicap, and, they don't use it as a crutch! You and others (including WWJthrume, VAN) are the ones who kept bringing up religion and your "do good" approaches to securities trading. Yes, Debi had been trading longer than you (your's about 6 mos.), but not that much longer....that is not an expert or considered exceptionally knowledgeable. It was all you do gooders that started the personal attacks. Then, when you couldn't take the heat in return, you all ran off like cowards that you are (and that includes the x-cop, noahltl, a very brave man).
So, just cut the bullsh:t and sympathy approaches. I don't consider you or any of your CT cohorts martyrs. Dwman is the only one of you I have come to respect, because he is honest with himself, with others and acts like a true Christian. The rest of you appear to be hypocrites, spouting off crap by not walking the line.
This is a stock forum. Not a religion forum. This is a stock forum. Not a cop forum. This is a stock forum. Not a martyr forum. This is a stock forum. Not a cry baby forum. So, STOP YOUR WHINING!!!!
Posted by legaleagle on :
quote:Originally posted by BB: Legal, what is this shareholders group? I would like to see the list just to see how many people own what. In the past couple of years of reading these message boards - I've never seen so many investors taking shots at one person (you). You better take it easy on Wallace before his blood pressure causes him to have a heart attack. It seems to me that if these people could get a hold of you they would beat you senseless - just to keep you from posting. The hate toward you from them is mind boggling and I've never seen anything like it. I enjoy your posts. Keep posting.
BB, HERE IS THE LINK TO THE ACTUAL "TALLY BOARD" OF MEMBERS AND SHARES. 819 AS OF THIS MOMENT
Please stay out of the slop legal is trying to feed us and pull others into a fray with his constant attempts to start personal attacks as he and others did in the past.
Posted by bill1352 on :
DW...i'm with ya on insults...its 1 thing to question someone idea of DD or their ability for common sence but to insult an affliction or to hate is not right. over a .0001 stock???. i do think some of the cult needs to have their karma balanced with a loss on cmkx. i do think the cult has taken a load of crap & done everything they can to make it smell like roses. just like legels last post...i've had many trades to the 5th digit on a number of stocks....04/05/2005 10:06:14 Sold 119500 QBID @ 0.00331 example in the last month copied to prove my point. i have ameritrade apex. they see evil at every turn instead of just seeing what is there
Posted by glassman on :
legal
YOU are the lawyer?
or are you just a rep for the lawyer?
Posted by legaleagle on :
quote:Originally posted by Wallace#1: Here we go with the same old crap from legal. I am handicapped. I am a former cop/detective. I want to push religion along with stock. I have been unmercifully picked on. I am the good guy. I am a novice and anyone who worked on Wall St or managed two divisions of the NYSE does not know of what they are speaking or cannot do DD. He now (I think) claims to have some kind of financial background. I want everyone to feel sorry for me because of my handicap....but don't consider my other handicaps when it comes to being "wall street smart". I and others ran off because we couldn't stand the heat when we brought it on ourselves.
Legal, you are not the only person posting on this thread with a handicap, and, they don't use it as a crutch! You and others (including WWJthrume, VAN) are the ones who kept bringing up religion and your "do good" approaches to securities trading. Yes, Debi had been trading longer than you (your's about 6 mos.), but not that much longer....that is not an expert or considered exceptionally knowledgeable. It was all you do gooders that started the personal attacks. Then, when you couldn't take the heat in return, you all ran off like cowards that you are (and that includes the x-cop, noahltl, a very brave man).
So, just cut the bullsh:t and sympathy approaches. I don't consider you or any of your CT cohorts martyrs. Dwman is the only one of you I have come to respect, because he is honest with himself, with others and acts like a true Christian. The rest of you appear to be hypocrites, spouting off crap by not walking the line.
This is a stock forum. Not a religion forum. This is a stock forum. Not a cop forum. This is a stock forum. Not a martyr forum. This is a stock forum. Not a cry baby forum. So, STOP YOUR WHINING!!!!
NOT VERY BECOMING WALLACE, BUT PREDICTABLE.
Posted by Wallace#1 on :
And, like I said before, that shareholders' group or "cmkxownersgroup" probably includes most of the people of the Christian Traders bunch and is, therefore, probably full of a bunch of pumpers....paid or just plain stupid.
Did they all pay $25 to join?
Also, note the "In God We Trust" at the bottom. Trust him to say "NO" as far as CMKX is concerned.
Posted by legaleagle on :
quote:Originally posted by glassman: legal
YOU are the lawyer?
or are you just a rep for the lawyer?
Haven't even joined the group yet glass, but probably will today. If the numbers of shares represented keeps growing, this group could prove the NS by itself.
Posted by Wallace#1 on :
Thank you, legal, for reposting my post and bringing it up in bold lettering. Your response was expected and anticipated as well. Brilliant as usual!!
Posted by legaleagle on :
Shareholders group: Shares: 79,694,163,749 Signed Agreements: 819
Posted by glassman on :
well, good luck..
i hope that IF there is one you guys kick butt..
i have to say tho, i tracked the trading on it for months...it looked to me like they were selling shares straight out...
Posted by JEAL on :
quote:Originally posted by Wallace#1: ...shareholders' , probably full of a bunch of pumpers....paid or just plain stupid.
Did they all pay $25 to join?
Also, note the "In God We Trust" at the bottom. Trust him to say "NO" as far as CMKX is concerned.
Wallace - I have to take offence to this one. I thought personal attacks were just discussed. Are you that insinuating if you hold hope in this lottery ticket "you are stupid" if you are not a paid pumper....
Please advise
Posted by bill1352 on :
legel your only hope to prove a n/s is based on a guess that UC & family have been buying shares. this guess goes against logic & stated in prs & the last 8-k. 1 of the defences is that UC has the cash to pay for getting all the books in order. the same books he has said he has not keep records to get in order by the way. in august roger said uc gave up the last of his shares. now maybe the family still had some & probably did. yet with no income flowing into the cmkx accounts where is the cash for the accountants & lawyers coming from? the new home? paying mahoo. remember mahoo did not take share #1. if owning cmkx shares was a good thing you would have to believe mahoo would own some. your reasoned opinions are based on unreasonable guesses.
Posted by Ric on :
100 million shares a piece on avg. Wow no wonder they are so scared. I am sorry but anyone that puts 10,000 dollars on a stock that doesn't report, gagged the TA, and now under SEC investigation is crazy.
Posted by legaleagle on :
A few weeks ago a Form 3 was filed for Maheu showing no shares. Yet Urban continues to hold up on his Form 3. Why? Simple form to fill out and submit. Why hold this one back unless it is a "key" form?
Posted by Ric on :
Yeah, because it will show the float is massive like the ridiculous o/s.
Hes in trouble for hiding information when he suppose to be reporting. So if its good news then why hide it. It makes more sense its bad news when you are faced with possible revoked registration to tell the truth not hide from it. It must be real bad to continue to hide.
Posted by Upside on :
Originally posted by legaleagle:
quote:A few weeks ago a Form 3 was filed for Maheu showing no shares. Yet Urban continues to hold up on his Form 3. Why? Simple form to fill out and submit. Why hold this one back unless it is a "key" form?
Because it would prove that his holdings are insignificant. That one form would dispel all of the rumors and theories that are keeping this thing alive and would prove that it was a scam all along.
Posted by bill1352 on :
anyone that owns 5% of any stock insider or not is supposed to report. insiders are to report what they buy, sell or own period. family would be considered insiders. close friends are insiders. all these ppl know what they own. filing would not be hard. now that it's in front of a court the time to file is now. if UC really had been buying up shares he would have filed. if family had over 5% they would have filed. you dont wait till after the court hearing to file unless it proves your wrong.
Posted by legaleagle on :
quote:Originally posted by bill1352: anyone that owns 5% of any stock insider or not is supposed to report. insiders are to report what they buy, sell or own period. family would be considered insiders. close friends are insiders. all these ppl know what they own. filing would not be hard. now that it's in front of a court the time to file is now. if UC really had been buying up shares he would have filed. if family had over 5% they would have filed. you dont wait till after the court hearing to file unless it proves your wrong.
It's coming SOON.
Posted by legaleagle on :
quote:Originally posted by Upside: Originally posted by legaleagle:
quote:A few weeks ago a Form 3 was filed for Maheu showing no shares. Yet Urban continues to hold up on his Form 3. Why? Simple form to fill out and submit. Why hold this one back unless it is a "key" form?
Because it would prove that his holdings are insignificant. That one form would dispel all of the rumors and theories that are keeping this thing alive and would prove that it was a scam all along.
Hey Up, did you get a peek at it before the rest of us? LOL
Posted by Upside on :
Nope, I guess I should have ended it with IMO because that is my opinion.
Posted by bill1352 on :
legel..i finally agree with you on something...lol the courts will make the float know soon. unfortunately it will take the court to get that info. any honest company, with all the rumors & theorys out there like cmkx would let that be known. even more so if the company really thought there was a n/s problem
Posted by bill1352 on :
forgot the link...lol
Posted by bill1352 on :
to prove a point here is a real 10K from a company i know because of my bro-in-law. the filing is quite long but about 4/5ths of the way through you see a list of large shareholders. in that list you see the name thomas heidemann, my bro-in-law. he does not work for ZAPZ, they work for him but he owns 5% of common shares & 100% of a prefered share thus he is on that list. by the way ZAPZ is on & off the SHO list. they do have a n/s problem.
quote:in that list you see the name thomas heidemann, my bro-in-law.
How many shares of CMKX does he own?
Posted by Wallace#1 on :
JEAL,
You asked: "Wallace - I have to take offence to this one. I thought personal attacks were just discussed. Are you that insinuating if you hold hope in this lottery ticket "you are stupid" if you are not a paid pumper...." *****************************
The personal attacks were begun by others back when and currently by legal. Stupid? Yes, it was and is stupid to continue buying CMKX stock. Stupid? Yes and NO to buy it in the hope of it's being a lottery ticket. La la land is a dream world and lottery tickets are part of that dream world. To put as much faith (lottery or la la land dreams) in this particular stock as legal and the other faithfuls have is, without question, stupid. Some of those fools have spent over $25,000 on this CMKX pig. Much worse, they have sucked new people into buying it as well.
Posted by TANGO42 on :
BY GOLLY; Legal found two people with open minds ! He did however, forget to tell you Urbans shares locked up till April 2006 and thus are not being dumped on market.
Posted by JEAL on :
Wallace -
Typically I value your comments and watch this thread quote often. I am an avide trader - I didnt work for the SEC of NYSE or anywhere else. For me this is a hobby.
However, I am still taken back by the fact that you feel you are justified to clasify peoples intellegence by labelling them as "stupid" based on a subject that many people percieve in different ways. I agree 25k - this is a substantial part o my portfolio, and I would have to be very comfortable investing in a pink with that kind of money.
I am sorry, even given your "experiences, opinions, personal DD etc", This is one area where I dont beleive that you have the experience or the right to call someone "stupid" based on what one believes - regardless of stock, or anyother issue.
Regards,
JEAL
Posted by JEAL on :
quote:Originally posted by TANGO42: BY GOLLY; Legal found two people with open minds ! He did however, forget to tell you Urbans shares locked up till April 2006 and thus are not being dumped on market.
------------------
2 people?
Posted by Upside on :
Originally posted by TANGO42:
quote:He did however, forget to tell you Urbans shares locked up till April 2006 and thus are not being dumped on market.
Doesn't that share lock-up agreement only apply to 600 million shares or was it modified?
Posted by legaleagle on :
quote:Originally posted by Upside: Originally posted by TANGO42:
quote:He did however, forget to tell you Urbans shares locked up till April 2006 and thus are not being dumped on market.
Doesn't that share lock-up agreement only apply to 600 million shares or was it modified?
Ya beat me to it UP. We have no idea how many shares he has purchased back with the pps being at or below .0001.
If he put 779 billion out on the market, remembering that this has traded at a nickel before, and had a high last summer of .0012, then his income at an average of .0005, would have been 389.5 million dollars. He could have bought back 500 billion at .0001 for 50 million dollars and still had $339 million in reserve. Then when he pulls out the certs for 500 billion shares, and there is still many additonal billions of shares on the brokerage accounts, what do you think will happen to the pps? All IMO
Posted by Wallace#1 on :
As per legal's post on pg. 8, 4/13 @ 23:37:
"Now at that point I had already done some minimal due diligence even before buying it the first ...and do a little more DD as questions arose." (edited to shorten wordiness)
So this was a pretty good board until summer, then a guy came in with stories of exploits on Wall Street. Won't name any names. LOL And everything he had to say was negative, all the time. His first comments to me were something about not letting something I had said "bite me in the ass". So we had a "pleasant" first meeting. From that point on, we continued to challenge each other. And to tell you the truth, I became quickly more educated about CMKX and it's JV, due mainly in part to the efforts of that guy. Not because of what he knew, that has been sorely lacking since he admitted he didn't know what a MM was, but rather to prove him wrong. So if I have become his nemesis, it's a thing of his own making. And truthfully, I have to thank him for forcing me to become more aggressive in my pursuit of DD. *************************************************
I will first comment about the "bite me in the ass" comment. To my recollection, that person you left unnamed (obviously me) never made such a statement. In fact, it is an expression I have never known myself to use.
Now about DD. Neither you nor anyone posting anywhere on the entire Allstocks forums does anything to compare to the DD people on the NYSE do. They do more in 3 months than you could begin to do in a entire year. Every one of those employees in just one division is responsible for about 300 or more NYSE companies or securities (including foreign country bonds or debentures). Dividing the total number of NYSE listed companies by 300 and that will tell you how many there are. They review and analyse every document put out by each NYSE listed entity including Balance Sheets, Income Statements, Public Releases, Dividends (Cash/Stock), Option Plans, Preferred Stock, Common Stock, Stockholder Reports, Company Board Resolutions, Opinions of Counsel, Independent Auditors Statements and much more. In addition, they are among those you see when new companies get listed on the NYSE and ringing the opening bell that day. They are the ones dealing with house counsel (Corp. Secretary-a lawyer), all company officers from the Chairman and President on down to the Secretary level, outside counsels (WS law firms), public shareholders (who either call or write) and even Congressmen and Senators. Unusual trading activity is also a part of their responsibilities and might require halting trading. Most have inside information at all times. They also review and analyze every listed company SEC filing (10K, 10Q, 8K, etc.). That does not include all the effort required involving a new (called an "original listing") or a delisting from the NYSE, which they handle as well. In addition, they resolve problems with dividend dates, conflicts of interest, voting arragnements and so on. It is those very people who do their utmost to protect shareholders' interests!!!
I am not talking about Dick Grasso, although he once did those very same things. I am talking about honest, dedicated people who know their stuff. Not someone who has been trading stock for just a couple of years or a year such as yourself, but someone who has made a career for himself/herself in that particular capacity.
And you have the balls to say or suggest someone does not or cannot do DD? Legal, you wouldn't even begin to qualify to be hired for such a position with your lack of DD abilities and your WS ignorance. The same is true of most of the posters on Allstocks, so do not feel personally attacked. There are a very few that I might have hired for those positions, but will not not name them.
So, how about cutting the crap about your DD abilities. The most obvious ability you have is to post others' thoughts....that is a FACT and that IS personal.
Posted by Wallace#1 on :
JEAL,
Jumping off a tall building or bridge is also stupid. Many things people do in this world can be logically determined to be stupid and there is no question about it. Think. "I am not a crook." "I never had sex with that woman." My wife needed a $million(?- Tyco)birthday bash." It goes on and on.
Posted by Upside on :
Originally posted by Wallace #1:
quote:The same is true of most of the posters on Allstocks, so do not feel personally attacked. There are a very few that I might have hired for those positions, but will not not name them.
Just guessing here but my hunch is that I wouldn't have cut the mustard.
Posted by Wallace#1 on :
Upside, trying to set me up? Said I would not name them. Some, however, are quite obvious! That, by the way, does not include you.
Posted by Doctoall on :
quote:Originally posted by Upside: Originally posted by Wallace #1:
quote:The same is true of most of the posters on Allstocks, so do not feel personally attacked. There are a very few that I might have hired for those positions, but will not not name them.
Just guessing here but my hunch is that I wouldn't have cut the mustard.
Maybe cut the cheese Posted by Upside on :
No, no set up at all Wallace. I wouldn't do that. Just trying to deliver myself another crushing blow to the self esteem, that's all.
Posted by legaleagle on :
Here's your Chief Wall Street DDer Wallace. Must be getting pretty hot in that kitchen:
SEC Enforcement Chief Stephen Cutler Will Resign, Person Says April 14 (Bloomberg) -- Stephen Cutler, who spearheaded the U.S. Securities and Exchange Commission's crackdown on the corporate fraud and trading scandals that rattled U.S. investors following the collapse of Enron Corp., is resigning as the agency's enforcement chief, a person familiar said.
Cutler, 43, will step down for personal reasons, after six years at the agency, the person said. SEC Chairman William Donaldson, Cutler's boss, will have to name a replacement.
Cutler and New York Attorney General Eliot Spitzer, sometimes sparring as rivals, together waged an unprecedented attack on business and Wall Street wrongdoing. In recent months, Cutler's aggressiveness also triggered criticism from corporate lobbying groups and within the agency itself over his enforcement unit's alleged over-zealousness.
The onetime civil rights lawyer leaves his 1,300-person unit pursuing some of its most high-profile cases. Among them are a suit against former Enron Chairman and Chief Executive Kenneth Lay, and investigations of alleged bribes by Halliburton Co., where Vice President **** Cheney served as chief executive.
Record Fines
Cutler also will be gone by the time the SEC resolves its accounting fraud probe of American International Group Inc. and ousted Chief Executive Maurice ``Hank'' Greenberg.
Cutler joined the SEC in January 1999 as deputy enforcement director and was promoted to director of the division by then- Chairman Harvey Pitt in October 2001. That month, Enron's off- balance-sheet financial machinations began to unravel into one of the biggest corporate scandals in U.S. history.
Under Cutler's leadership, both the severity of SEC penalties and the number of cases it has brought have set records. The agency levied a record $750 million fine against WorldCom Inc. for its 2003 accounting fraud. That compares with a $10 million fine against Xerox Corp. in 2002, at the time the highest ever imposed on a company by the SEC.
Cutler has faced hardening opposition from two of the five SEC commissioners, Republicans Paul Atkins and Cynthia Glassman, who have voted against imposing large fines in some cases.
`Sorely Misguided'
The escalation has provoked an internal dispute among the agency's commissioners over whether the fines harm shareholders, with Atkins and Glassman voting against a $300 million fine against Time Warner Inc. and $250 million penalty against Qwest Communications International Inc.
SEC Chairman Donaldson, a Republican, has sided with the two Democratic commissioners, Roel Campos and Harvey Goldschmid, in backing the fines. The dispute is taking place against the backdrop of a campaign by business groups, including the U.S. Chamber of Commerce, to get the SEC to ease up.
Cutler publicly defended his approach and chastised his critics in a speech at Duke University on March 18. ``One can't overlook the costs of the sort of corporate malfeasance we have seen in the last several years -- not just in market cap declines, eviscerated pensions and lost savings, but in diminished investor confidence and a loss of faith in the integrity of our markets,'' he said. ``The notion that we should turn back the clock and ease up on our enforcement efforts is sorely misguided.''
Pendulum's Swing
Chamber of Commerce President Thomas Donohue said this week the group is not backing down on its efforts to curb enforcement. ``The pendulum has now swung so far that due process has been put out the window,'' he said at a meeting of institutional investors in Washington.
Cutler and the SEC have been upstaged at times by Spitzer, who has chided the agency for its alleged failures to spot and act against wrongdoing. After Cutler and Spitzer collaborated to complete a $1.4 billion settlement in 2003 with Citigroup Inc. and nine other Wall Street investment banks over biased stock research, the two began to spar while pursuing parallel investigations of trading abuses in the mutual fund industry.
Spitzer, who is 45 and running for governor of New York, publicly lambasted the SEC during that probe for failing to detect the misconduct, which led to multimillion-dollar settlements with brokers and mutual funds including Alliance Capital Management Holding LP, the fourth-largest publicly traded fund company. Alliance agreed in December 2003 to pay $600 million to settle with Spitzer and the SEC over allegations of improper trading.
Cutler's next move is unclear. A 1985 graduate of Yale University law school, he worked on discrimination cases, including a class-action suit filed by oil-field workers who claimed they were denied promotions, before joining a law firm.
He spent 11 years as a securities lawyer in the Washington office of what is now Wilmer Cutler Pickering Hale & Door, a 1,000- attorney firm, and then signed on as deputy in 1999 to the SEC's then-head of enforcement, Richard Walker. Walker is now general counsel at Deutsche Bank AG.
To contact the reporters on this story: Otis Bilodeau in Washington at obilodeau@bloomberg.net Robert Schmidt in Washington at rschmidt5@bloomberg.net.
To contact the editor responsible for this story: Erik Schatzker at eschatzker@bloomberg.net. Last Updated: April 14, 2005 09:47 EDT
Posted by drgnfly on :
Back and forth and back and forth meanwhile the only developments are that the pps is below .0001 and that the OS is around 700 BILLION and that nobody (not even Andy) knows where the corporate offices are. YET leagle still PUMPS this stock which is why I call him a gimp. Not because he's crippled but because he is a moron OR a hired pumper. I've never heard of a stock trading below .0001 before in my life especially one with a share count in the billions.
Leagle what do you expect to happen? 699 BIllions shares to show up being NSS`ed and you wake up with a PPS of 40.00 share? Are you kidding me? You wonder why you are THE GIMP of stock investing?
So either you are a paid pumper or a joker of society as none of your fuzzy logic works out. What I DO know is Urban can run around drag racing but he is to sick to see that CMKX is dilluting shares from 500 BILLION to 700 BILLION.
Just basic math shows he needs a diamond mine the state of NJ to to be able to move the PPS anywhere. Anyway quick and go back to pr0b0ards32/12/42/234 or whatever it is this week and copy paste some more kool-aid.
I for one have called this stock a SCAM since day 1, it's like a kid that says he got straight A's but will never show you his report card. If what you have is so spectacular you WILL show it off. Its when you lie and know you have nothing is when the lies,deceit,manipulation begins. Enter Urban.
Posted by bill1352 on :
i guess only prs that the cult likes are real, the ones the cult doesn't like or go against their made-up dreams do not count. they do not thus include the pr in which their past savior, roger glenn, stated the UC would not get any of the divy's as he gave all of his shares to nevada minerals. these shares have since been bought back. the number was 40 billion if i remeber correct. the other 35 billion came from the o/s. all of these shares were not part of the announced o/s. the divy split minus 75 billion equals 703 billion. as for what UC & family has bought back you first need wake up, get out of dreamland. when the pps was out of sub penny land the o/s was known & was long before the nevada mineral deal. 279 billion showed up in the o/s after it hit last yrs hi. there is no proof only the cults hope that UC bought any of the o/s.
Posted by Wallace#1 on :
Up, we may have had differences from time to time in the past, but you have also shown considerable wisdom in finally agreeing with me. LOL Please keep your self esteem....I am not about to deliver you such a blow. Ouch! Maybe I shouldn't have used that last word with you....Will just might spot it and begin an eloquent dialogue about it.
Posted by legaleagle on :
Wallace there is no doubt that Wall Street engages in Due Dilligence that is quite unsurpassed. However, it's not about the DD that they perform, it's about how they use it once they have it.
And of course I wasn't speaking about the DD done on Wall Street, I was speaking of what is done on this board; or the lack of it. Are you claiming responsiblity for Wall Streets dilligence now?
Posted by Upside on :
Originally posted by drgnfly:
quote:Just basic math shows he needs a diamond mine the state of NJ to to be able to move the PPS anywhere.
New Jersey is a pretty small state. You might want to look at the other coast.
Posted by Wallace#1 on :
legal,
You wrote: "Here's your Chief Wall Street DDer Wallace. Must be getting pretty hot in that kitchen:
SEC ENFORCEMENT CHIEF TO RESIGN" *************************************
Hell, looks to me like he was trying to do a good job penalizing where due. Wish I had been there to give him a hand (both to help and to shake).
What he appeared to be doing seems to me to have been a positive for shareholders and their interests. Why do you take it negatively? Probably he got burned out and tired of fighting any longer.
And, legal, I did take note of your attempt to distort what I previously posted about DD. Try to learn something instead of distorting and diverting.
Posted by legaleagle on :
SEC Delivers a Chorus of Misleading Information – April 13, 2005
Dave Patch's view of the new publication
STOCKGATE TODAY- April 13, 2005 An online newspaper reporting the issues of Securities Fraud
SEC Delivers a Chorus of Misleading Information – April 13, 2005
David Patch
The Securities and Exchange Commission, responsible for the enforcement of the dissemination of accurate information from our publicly traded corporations may have just violated their own standards for clear and accurate dissemination of information. The SEC Division of Market Regulation, best labeled the “Ostrich Gang” for their innate ability to bury their heads in the sand, has tried to spin the fraudulent act of naked shorting abuses on the corporate officers of those complaining about the abuse itself. Forgotten by the SEC is that they admit the fraudulent act occurs in the first place.
The SEC publication came out on April 11, 2005 so let’s grab some of the excerpts and start dissecting truth from fiction.
SEC: Although the vast majority of short sales are legal, abusive short sale practices are illegal.
DP: This would be a simple admission that there are in fact illegal short sale strategies taking place in the markets. Vast Majority does not represent all short sales but only a majority.
SEC: [Re: Naked Shorting] For example, broker-dealers that make a market in a security generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time.
DP: So, Market Makers can sell securities naked to make a market when no natural order flow of supply and demand exists? A Market Maker can create a new stock valuation solely independent of what shareholder supply and demand supports and when they do so, they don’t have any responsibility to deliver. And this is good for investors how? Exactly how does the SEC monitor such trading activities to insure “bear raids” and manipulation is not occurring especially in light of the magnitude of pre-existing fails?
SEC: [RE: Grandfathering Under SHO] The grandfathering provisions of Regulation SHO were adopted because the Commission was concerned about creating volatility where there were large pre-existing open positions. The Commission will continue to monitor whether grandfathered open fail positions are being cleaned up under existing delivery and settlement guidelines or whether further action is warranted.
It is important to note that the "grandfathering" clause of the Regulation does not affect the Commission's ability to prosecute violations of law that may involve such securities or violations that may have occurred before the adoption of Regulation SHO or that occurred before the security became a threshold security.
DP: The SEC, in protecting those who generated large failed positions that may or may not be legal positions, elected to “grandfather” all past failures regardless of their legal standing. The fact that the SEC approved this rule change 6-months ahead of the incorporation date, representing plenty of time to slowly close out any large failed positions, seems a concept the SEC cannot grasp. Instead, the SEC concept is to allow a slow matriculation of the short coverings of these illegal trades thus protecting the profits of those who initiated the illegal trades in the first place. A novel concept in investor protection; protect the criminal. Since SHO was incorporated in fact the volatility on “threshold Securities” has increased with a net loss in market capitalization.
As for the SEC’s threat of enforcement on those grandfathered fails, the SEC has zero past enforcement history on the illegal trading associated with naked shorting and settlement failures. ZERO! In fact, Regulation SHO is nearing 3-months into its incorporation period and the SEC has yet to scheduled audits to investigate the system fails. What are they waiting for, the criminals to get away?
SEC: [RE: Naked Shorting Abusive or Illegal] Selling stock short and failing to deliver shares at the time of settlement with the purpose of driving down the security's price. This manipulative activity, in general, would violate various securities laws, including Rule 10b-5 under the Exchange Act. Regulation SHO does not address this issue.
DP: When the SEC proposed SHO they claimed that Naked Shorting provided the seller with additional leverage and could use that leverage to manipulate a stock. The SEC has publicly acknowledged naked shorting as a reality. Why then has the SEC failed to take any enforcement actions against those who committed naked shorting abuses if there are “various securities laws” being violated? Worse, if SHO did not address this because it already pre-existed as a violation, where have the activities been? We did not need SHO to spurn SEC enforcement actions they already had pre-existing laws to utilize.
Is the SEC now claiming that when they drafted SHO, and determined that “large” pre-existing fails existed, that all these fails were of legal standing? They have to have come to that conclusion since they “grandfathered” the fails from mandatory closeout and we are well past that period when the SEC had this evidence and first drafted the document for public comment.
SEC: [RE: Did my Stock Lose Value due to Naked Shorting] There are many reasons why a stock may decline in value….The main factor determining the demand for a stock is the quality of the company itself. If the company is fundamentally strong, that is, if it is generating positive income, its stock is less likely to lose value.
There also may be instances where a company insider or paid promoter provides false and misleading excuses for why a company's stock price has recently decreased. For instance, these individuals may claim that the price decrease is a temporary condition resulting from the activities of naked short sellers. The insiders or promoters may hope to use this misinformation to move the price back up so they can dump their own stock at higher prices.
Naked short selling, however, can have negative effects on the market. Fraudsters may use naked short selling as a tool to manipulate the market. Market manipulation is illegal. The SEC has toughened its rules and is vigilant about taking actions against wrongdoers, but we can't stop every fraud.
DP: This is a long one so I have to break it down into several parts.
First, if a stock is based on supply and demand then why do we have market makers trading a market when there is no supply available at somebody’s demand? Better still, why do you identify that market makers will trade the stock when there is NO supply or demand simply to create the appearance of trading volume?
Now we can delve into the – blame the issuer – routine of the SEC. Of course the SEC highlights all the nefarious acts of those they despise and try to generalize it to all but, can the SEC provide to us the evidence for each that has complained that will show that each does not in fact have large pre-existing fails? The reality is, those corrupt executives and stock promoters are allowed to take on this battle cry due to the shear negligence of the SEC to nip this issue in the butt back in 1999 when the people first publicly protested the fraud during an SEC short sale comment period. I would suggest the SEC immediately disclose to Congress the magnitude of settlement failures, with documented evidence to back it up, for each of the issuers who have voiced concern over the naked shorting abuses. Let Congress decide who is telling the truth.
“But we can’t stop all fraud”. No, but you certainly can “grandfather” the fraud you want to ignore. The fact remains; the SEC has received tens of thousands of complaints, captured audiotapes of broker/dealers being bribed to manipulate a stock [RE: SEC vs. Rhino Advisors] and yet the SEC took no actions against Wall Street. The General Counsel of Bear Stearns, on December 13, 2004, admitted that regulators have told them for years that these strategies of illegally selling were taking place – Yet NO ENFORCEMENT ACTIONS. A hollow threat is not about to scare an industry that is caught daily defrauding the investor.
SEC: [RE: Is it a violation of Law to Fail T+3 Settlement] Because the Commission recognized that there are many reasons why broker-dealers may fail to deliver securities on settlement date, it designed and adopted Rule 15c6-1 to prohibit broker-dealers from contracting to settle transactions later than T+3. However, failure to deliver securities on T+3 does not violate the rule.
DP: This is a joke. The SEC enacted a rule that they have never actively enforced. In fact, in researching the SEC website I could not pull up a single enforcement action pertaining to a Rule 15c6-1 violation. Ironically, an illegal trade [naked short] executed as a short sale, and caused for manipulation is in fact a violation of Rule 15c6-1. Obviously the Selling agent had no intention of meeting the terms of the contract. The very fact that the SEC acknowledges naked shorting abuses is fact that Rule 15c6-1 violations have and still occur without SEC enforcement. Exactly who was the SEC trying to impress here?
First year law students will tell you that to enter into a contract, in which you have no intention of meeting, and doing so under illegal grounds will void the contract. I guess the SEC attorneys missed that first year of law school. Certainly the author of this diatribe did.
SEC: [RE: Does Grandfathering allow the illegal trades to go unaddressed] Regulation SHO does not require close-outs of "grandfathered" fails. As noted above, "grandfathered" status applies where the fail position was established prior to the security becoming a threshold security. However, any new fails in a security on the threshold list are subject to the mandatory close-out provisions.
Any grandfathered position that resulted from illegal activity, such as manipulation, continues to be fully subject to redress by the Commission.
DP: The SEC has not yet taken any audits to review the grandfathered fails and to review the condition behind that fail. How exactly does the SEC plan on redressing this issue if they have not even started, or at least shown an appearance of starting, to care? Without an audit and with all past SEC actions coming against the issuers complaining, where is the credibility behind this statement. The SEC’s own visiting economic scholar drafter a document claiming the fails were strategically placed by the Industry for profit margins.
SEC: [Will Close-Outs drive stock values up] Close-out purchases of stock on threshold securities lists will not necessarily drive up prices of such stocks. One of the primary purposes of Regulation SHO is to clean up open fail positions in threshold securities when they reach a relatively low aggregate level, but not to cause short squeezes. The term "short squeeze" refers to the pressure on short sellers to cover their positions as a result of sharp price increases or difficulty in borrowing the security the sellers are short. The rush by short sellers to cover produces additional upward pressure on the price of the stock, which then can cause an even greater squeeze. Although some short squeezes may occur naturally in the market, a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal.
DP: This is where the rubber meets the road. The SEC has been so fixated on preventing any possible short squeezes that they have allowed an equally illegal action to persist. If the SEC had mandated the large pre-existing fails be closed they feared that stock prices would increase due to the shorts being forced to cover. A novel idea but…is the stock artificially low because of the excessive, and illegal, shorts in the first place.
One misunderstanding about short squeezes is the actual price volatilities created. When a stock drops from $10:00/share it has lost 90% of market value and the SEC has willingly let this happen and happen due to illegal naked shorting. Today, the SEC is concerned about a possible squeeze by which the stock runs from a $1.00/share value to $10.00/share. An increase of 1000%. The fact remains, the stock only reached is post manipulation valuation.
Excessive shorting during the dot.com bubble, created by a lack of enforcement on naked shorting, created short squeezes that ran those stocks beyond market valuation means. It was partially the SEC’s fault as they ignored Rule 15c6-1 enforcement and the enforcement of trade settlements. Now they penalize all for their negligence at a time when some stocks are legitimately manipulated down. They continue to drive the market off the victims of fraud.
SEC: [RE: Does the NSCC create counterfeit shares] NSCC's stock borrow program, as approved by the Commission, permits NSCC to borrow securities from its participants for the purpose of completing settlements only if participants have made those securities available to NSCC for this purpose and those securities are on deposit in the participant's account at DTC.
DP: The SEC approved the NSCC stock borrow program as a temporary means to settle hiccups in the settlement system. Through a failure to manage this system the SEC, by their own admissions, are aware that the number of settlement failures have amassed to levels exceeding the entire public float of some companies. These fails have been masked by the NSCC stock borrow program and the continuous distribution of the same share through that system repeatedly. Under the NSCC system the failed trade, while on the books as a failure, has “settled” by DTCC standards because they cleared it using the stock borrow pool.
An example for you would be; Person A buys 100 shares on Monday that fails settlement on Thursday. The DTCC settles the trade through the stock borrow program using shares made available by the members. The shares delivered to person A, in the Name of Broker A, is made on Friday as borrowed shares. Broker A then takes those shares and places them back into the NSCC Stock Pool. Person A then buys another 100 shares the following Monday, the trade fails on Thursday, and the cycle repeats. That same person, over a month bought 400 shares with the same 100 shares being used 4 times. His or her own shares. Is it counterfeiting – for all practical purposes yes.
I conclude that this SEC piece of fiction has a purpose. For some reason the SEC Division of Market Regulation wants to paint a picture of a competence level that does not exist. The “Ostrich Gang” has taken a route that can only question exactly what it is they have to hide. Why deny what they themselves admit exists? Why generalize that it is all about poorly managed companies when it is Wall Street and the Wall street system that trades in naked shorting – not the companies?
Accountability is needed and needed immediately. The SEC can no longer be allowed to deceive the investing public with fiction intended to allow the criminals to get away. Who are these criminals the SEC is so intent on protecting anyway?
A request to the SEC pertaining to the author of this document yielded several conflicting responses. Not expected from an agency rife with conflicts of interest.
You wrote: "Here's your Chief Wall Street DDer Wallace. Must be getting pretty hot in that kitchen:
SEC ENFORCEMENT CHIEF TO RESIGN" *************************************
Hell, looks to me like he was trying to do a good job penalizing where due. Wish I had been there to give him a hand (both to help and to shake).
What he appeared to be doing seems to me to have been a positive for shareholders and their interests. Why do you take it negatively? Probably he got burned out and tired of fighting any longer.
And, legal, I did take note of your attempt to distort what I previously posted about DD. Try to learn something instead of distorting and diverting.
I don't view his departure as negative. He was either doing his job too well, or not well enough. Either way, it looks like the politicians above him didn't like it. Only time will tell.
Posted by Wallace#1 on :
quote:Originally posted by Upside: Originally posted by drgnfly: [QUOTE]Just basic math shows he needs a diamond mine the state of NJ to to be able to move the PPS anywhere.
New Jersey is a pretty small state. You might want to look at the other coast. [/QUOTE ****************************************
Hey, knock it off. NJ is already known as the "garbage can of the East". We don't need Urban or any of his garbage too.
Posted by drgnfly on :
Wallace don't even waste your time anymore, he can never answer back to a single a question. He only runs around reposting things from other sites, half the time he doesn't even bother to read it. Sad state of affairs for leagle when you invest more than you can afford to lose only to see it all fall apart. What sadder is blindly pumping away in hopes of getting any of it back.
Leagle the only people that will buy your nonsense are the CT's who invest based on wacky religous nonsense rather than with facts... but then again evolution never happened and dinosaurs never existed... right?
Posted by Upside on :
Give the state some credit. It sure does smell nice.
Posted by Wallace#1 on :
legal wrote: "I don't view his departure as negative. He was either doing his job too well, or not well enough." *********************************
Sure, legal. That's why you made the reference "Here's you Wall Street DDer, Wallace".
I see legal added to the above post later.
Posted by drgnfly on :
Look just because we had a corrupt gay governor that tripped while walking on the beach and broke his leg does not mean NJ == el stinky!
Posted by drgnfly on :
Oi when a company states in a pr:
"Unfortunately management and others involved in CMKX's previous operations were not blessed with the trait of being perfectionists. Past professional guidance has left a void which prevented the Company's ability to prepare complete and accurate periodic reports under Section 12(g) of the Exchange Act,"
No more good news is coming!
Posted by Upside on :
Originally posted by drgnfly:
quote:Look just because we had a corrupt gay governor that tripped while walking on the beach and broke his leg does not mean NJ == el stinky!
It's got nothing to do with politics, the state smells, literally. Actually that's probably not fair on my part. I've only been to Atlantic City, twice. Both times it smelled like I imagine a barrel of dead fish left out in the sun would. Could have just been that refreshing ocean breeze too. Nice salt water taffy though.
Posted by legaleagle on :
Shares: 81,679,966,865 Signed Agreements: 862
Posted by Ric on :
Stockgate????
I am really starting to wonder about the site, investigatethesec. They are the ones that said that Dateline was airing the NSS issue but Datelines website never said that it was going to air. Weeks before I started looking at the Website and never did they say they were airing the article. Yet the people that own these scam stocks like CMKX, PRRM, GXXL, and others were all over this website and its articles. Why does it seem that no well know news site air these articles. Just seems fishy to me.
I don't like the SEC myself in a llot of matters but it looks like this website will say anything to get people to come over to there site.
Posted by legaleagle on :
quote:Originally posted by Wallace#1: legal wrote: "I don't view his departure as negative. He was either doing his job too well, or not well enough." *********************************
Sure, legal. That's why you made the reference "Here's you Wall Street DDer, Wallace".
I see legal added to the above post later.
Grasping for straws now Wallace for something to come back with. So apparently you want my opinion on whether this guy was good or not? Aren't you the one telling everybody here that he permitted a scam stock to steal about $390 million from the American Public under his reign? Did he not notice the billions of shares traded daily, making CMKX the most traded stock in history, without launching an investigation months or years ago? Haven't you in effect been bashing him for not doing his DD and going after this company? So I don't know, man, you tell us if it is good or bad. You are the one who believes in Wall Street, not me.
Posted by Ric on :
Still with all this so called DD, I have yet to see were its tied to CMKX. DD about other companies and about the SEC. Does NSS happen, of course, were is the link to CMKX. Could it have happened in the past when the o/s was lower. Good chance but still not proven. But after going from 200 then to 500 then to 800 A/S in a years, where did those 579 billion shares go that was issued since the a/s was 200 billion? And if it was to cover for NSS then why not tell us? Maybe, because its bad and UC is afraid what 10,000 shareholders will do to the new home?
Posted by Wallace#1 on :
No, legal, I do not want your opinion. I have very little, if any, respect for any of your wild opinions and speculations. Further, I find I must discount most of what you post as diversion and/or distortion. Generally, I do enjoy a good laugh from your posts though. That, I would probably miss when CMKX gets terminated.
Posted by ed19363 on :
Amen, Wallace, his posts are a waste of good bandwidth.
Posted by glassman on :
I saw it. It brought to mind the quiet (had to be found out by researchers) increase of the authorized of CMKX from 500 bil to 800 bil shs. CMKX people better hope they didn't do the same thing!
Posted by glassman on :
i suspect that CMK? or the MM's did sell more than they had... BUT
if it was the MM's? then UC sold direct to them to help them out...(that's what you call bargaining power and a quick few million$)
Posted by will on :
No one noticed noah's little addition to DD and research. He added a cute little phrase "reasonable opinion". So, you see from lack of real facts, and going ons in the universe, no matter how abstract, distant, and obscure, one can draw conclusions regarding CMKX through "reasonable opinion". That's what I guess all the Dr. D and Sterling crap is, "reasonable opinion". OH! By the way, only the faithful can have "reasonable opinion", not the negativity pumpers. LOL
Posted by nyyankees05 on :
CMKX.. 1 BILLION SPECULATIONS SERVERD, AND NOT 1 HAS COME TRUE!
Posted by will on :
It's not speculation, it's "reasonable opinion", damnit!
Posted by Upside on :
Lately the sentiment seems to be that Urban got the shaft from people he trusted and he's just a lovable bungler. People are already forgiving him for mismanaging the company. In my opinion, that's a load of crap. There's no mismanagment here, there was nothing to mismanage the company never existed. Why do you think there are no corporate books or records? Because there is no company. This was a vehicle to wealth for Urban and family from the get go and they knew what they were doing. The naked short rumor was started by the company itself right after Urban took over and perpetuated by individuals who were either paid to do so or actually believed it. Either way, it started with Urban.
People question that if it is a scam, why would they be fighting for their lives in court? Ask yourself this, how could they possibly walk away from a scam of epic proportions without admitting guilt? What I see is the backpedaling and scrambling of a con man who is desparate to avoid jail time. He's doing every thing he possibly can to put an appearance of legitimacy on his scam and many, many people have fallen for it. Hopefully he won't get away with it. It would be nice to see justice served.
Posted by legaleagle on :
Will, I thought it was "reasoned" opinion. But whichever, that is a dangerous concept in here. You see, "this POS is a SCAM" would be "reasoned opinion" to some because of the intellectual limitations of the "reasoner".
Posted by Wallace#1 on :
Legal, just don't bother to think and you, in particular, will be ahead of the game! LOL
Posted by legaleagle on :
quote:Originally posted by Upside: Lately the sentiment seems to be that Urban got the shaft from people he trusted and he's just a lovable bungler. People are already forgiving him for mismanaging the company. In my opinion, that's a load of crap. There's no mismanagment here, there was nothing to mismanage the company never existed. Why do you think there are no corporate books or records? Because there is no company. This was a vehicle to wealth for Urban and family from the get go and they knew what they were doing. The naked short rumor was started by the company itself right after Urban took over and perpetuated by individuals who were either paid to do so or actually believed it. Either way, it started with Urban.
People question that if it is a scam, why would they be fighting for their lives in court? Ask yourself this, how could they possibly walk away from a scam of epic proportions without admitting guilt? What I see is the backpedaling and scrambling of a con man who is desparate to avoid jail time. He's doing every thing he possibly can to put an appearance of legitimacy on his scam and many, many people have fallen for it. Hopefully he won't get away with it. It would be nice to see justice served.
Seems like we may have had this discussion before Up.
In an earlier post today I pointed out that Urban's sale of 779 billion shares @ an average of .0005, would have netted the company about $389,000,000.00. CMKX has always been a diamond exploration company, that means they have few hard assets, as they are simply offering shareholders a chance to explore with them in "hopes" of finding something.
If this were a "scam", all he had to do was announce that the company found nothing in it's explorations of it's claims; and simply walk away, a very wealthy man. Now that's a simplified explanation of how it would have wound down, but the idea is the same.
But he didn't walk away a wealthy man. So why is he still here? Still fighting. Still antagnozing the investigative agency. Still making public appearances at the track and socializing with shareholders. Still hauling around a film crew for the Trader Show. Still linked up with a man of more investigative talent, connections and resources, than perhaps the FBI itself. Still acquiring many more claims. Still branching out into many more entities.
Why not just walk with the $389 million?
Posted by Wallace#1 on :
Up, if you don't respond to that one, I will!!!
Posted by will on :
OK, so it is "reasoned opinion", sorry for misquoting, but you knew exactly what I meant. It's a dangerous concept anywhere. I see more circumstantial positives then negatives here. I know some scary facts: 703Billion O/S, as announced by the company, (FACT), suspension and on going investigation, (FACT), with a strong threat, probability, of revocation, (FACT). Most, if not all, your "reasoned opinions" are backed up with other "reasoned opinions", not facts. All I have ever asked for almost a year now, why isn't the company forthright and forthcoming with information. Much like ed has been asking lately. The only answers I have ever seen are subtle insults and "reasoned opinions" from you, debbie and other faithful.
CITICORP! That was "reasoned opinion" also, along with many others.
Posted by bill1352 on :
1 day all n/s's will get dealt with & i'd be seriously suprised if a lot of big heads didn't roll over it. but whats the point of n/s'ing a .0004 or a .0001 company that adds shares to the o/s by the hundreds of billions. this in a realty based mind would equal "reasonable opinion". there is zero proof that UC bought any of the o/s back except the 97 billion left of the a/s. if you remember a yr or so ago he did buy back 21 billion, thus the differance between the a/s & the divy split. 75 billion more in getting nevada minerals shares back. any thing over that is hopefull at best. there is "reasonable opinion" that he has not bought any further shares back. "reasonable opinion" would say that his family & other insiders own at least 100 billion shares & maybe a little more. but it ends there because "reasonable thinking" would tell a person that knows when a few hundred billion shares are added to the o/s buying any more would be foolish. thus a "reasonable opinion" would be that the float is between 550 & 600 billion. my guess is that last add to the o/s went to roger glen & is now in the open market. if this judge really wants transarancy we will know all these details in the next 100 days. i will even go out on a limb & say i predict these numbers will be right.
Posted by glassman on :
and to answer the "control of the company" question? all UC needs is a few "prefered shares" with just the right specifications... like voting rights 100 million to one
Posted by will on :
Don't forget bill, "reasoned opinion" from noah was that Urban sold the 97B to the MM's to help them cover their short position. There was a settlement for an unknown amount, and the MM's traded the 97B at .0001 to cover. "reasoned opinion" told us that the O/S was increased to 800B.
Posted by Ric on :
Legal, why didn't you post this E-mail from Frizzell?
To: Members of the CMKX Group April 14, 2005 (2nd )
It has been brought to my attention that the SEC is being spammed. I have been told that certain persons are sending multiple emails and some of the content contains threatening messages. Some of the email has been described as personally insulting to various SEC attorneys. I have told the SEC that this spam tactic and letter writing campaign was not endorsed nor ordered by me. You are advised that spamming is illegal. You could and may be prosecuted for such acts. Anyone that makes personal threats against another will have far more to worry about than their interest in CMKX. Such threats are a federal offense and you can believe the FBI and the Justice Department take such threats seriously, as they should.
I am hopeful that if these acts are in fact occurring, that those responsible are not members of the CMKX Owners Group. If they are, you are advised to cease and desist from such activity. We have a judicial process that is in place and working. This activity will only be counterproductive to the company. The Court will certainly not condone such activity.
The SEC receives letters from the public on a regular basis. Legitimate questions, inquiries and comments are expected in an agency that has such a significant place in our society. The acts referred to above go far beyond what is acceptable as an inquiry to the SEC. Sometimes the acts of a few can cause problems for the many. I am spending an increasing amount of my time trying to answer the questions of the members of our group. I will increase my staff if necessary to try and answer the questions you have, but any questions from members of this group should be directed to this office rather than the SEC. I am your lawyer and your questions will be answered.
I maintain my promise to you that you will be regularly informed of matters involving this proceeding through our email setup with this group. Please encourage other shareholders to act civil and lawfully in your efforts to support the company.
Bill Frizzell
Cc: Donald Stoecklein SEC Judge Brenda Murray
Posted by dwman on :
quote:Originally posted by Wallace#1: dwman,
Please stay out of the slop legal is trying to feed us and pull others into a fray with his constant attempts to start personal attacks as he and others did in the past.
Wallace, legal is a friend. You are too. Friends of a friend don't have to be friends although it would be great if you were. You have not seen me taking sides but I will not abandon a friend, neither legal nor you. You have never attacked legal in such a personal way as did the poster that referred to him as gimpy. That I cannot ignore. Goodnight my friend.
Posted by Upside on :
Originally posted by legaleagle:
quote:Why not just walk with the $389 million?
Because he couldn't. I don't think the original plan was to get this carried away. Bit now he's got what, 50,000+ shareholders all looking to get rich because of promises made by the company. It's a 700 billion share, 389 million dollar swindle. To try to just walk away would be impossible. You'd have 50,000 people screaming for your head and filing lawsuit after lawsuit. It has to be made to look legitimate. So, he gives out worthless dividends, puts up video of real, actual diamond drilling, and actually has the samples tested knowing full well there's nothing there. His downfall would have been an actual diamond discovery of any worth, that's the last thing he wants.
Yes, we have had this discussion before. Most everything on this board and all the others are nothing more than rehashes of old posts and theories. Heck, I'll keep throwing mine out since everyone else is doing the same.
Posted by Ric on :
Or this one:
Another email from Frizzell.
Remember that neither myself nor Donald Stoecklein were involved when Urban was requested to give his deposition. The company had other counsel in addition to Roger Glenn. So neither of us have seen the depositions. He (DS) knows of UC's testimony. Will UC testify? That will be up to the DS and the company. Based on what I am hearing I do not expect that all required financials will be filed by Monday
Posted by will on :
noah, I don't recall ever calling CMKX a scam. I did say it is a POS based on "reasonable opinion" and fact that there is 703B O/S, and SEC suspension/on going investigation. Doesn't appear to be too healthy at this point. Bid < .0001 Ask .0001, brokerage houses refusing to trade it. Appears "reasoned opinion" and logic would say, POS.
Posted by will on :
Upside: have you ever seen "The Producers"?
Ric: That is going back to my observations about some folks not lying but not telling the whole truth either. That's why those letters weren't posted.
Posted by bill1352 on :
where does the .0005 average come in? cmkx's yr ave pps is .00025 or close to that. 20 months ago the o/s was 7 billion give or take. since that time the o/s has been as much as 772 billion more then that & is now 696 billion more. here is a 27 month chart on its pps to prove my point.
a few blips off the very bootom & the 1 run to .001. that run does not average out the pps to .0005. the short period it was over .0002 would not allow the time needed to sell almost 700 billion into the market to then buy back lower. in fact i would bet there is a rule against such a practise, it would be stock manipulation. & pink sheet or not a company or person can not buy that much stock without reporting it.
Posted by Upside on :
Originally posted by Will:
quote:Upside: have you ever seen "The Producers"?
I think so but you're gonna have to refresh my memory. Old Mel Brooks movie, right?
Posted by Wallace#1 on :
dwman,
If you're still up. You wrote: "You have never attacked legal in such a personal way as did the poster that referred to him as gimpy." **********************************
My friend, that is because I am probably more "gimpy" than he. Maybe we should have a "gimpy contest" (legal and I) instead of pi$$ing contests. I know I would win one of them hands down. LOL I do understand your annoyance.
Posted by dwman on :
quote:Originally posted by drgnfly: Just basic math shows he needs a diamond mine the state of NJ to to be able to move the PPS anywhere.
Basic math? Why restrict us? Why not talk in terms of 2 + 2 = 0 if one is talking about integers modulo 4?
Since you are calling folks morons, I would be interested to know how much mathematics you have under your belt drgnfly.
Posted by Wallace#1 on :
Who were they? Bialystock and Bloom? Springtime for Hitler!
Posted by Upside on :
Originally posted by bill1352:
quote:where does the .0005 average come in?
I think you've gotta go back further to when Urban first took over. One of his first acts was to increase the a/s from 500 million to 10 billion and I believe the stock was in the penny range then.
Posted by dwman on :
quote:Originally posted by Wallace#1: dwman,
If you're still up. You wrote: "You have never attacked legal in such a personal way as did the poster that referred to him as gimpy." **********************************
My friend, that is because I am probably more "gimpy" than he. Maybe we should have a "gimpy contest" (legal and I) instead of pi$$ing contests. I know I would win one of them hands down. LOL I do understand your annoyance.
I'm still up wallace. I find it hard to leave good company and I truly mean that (truely...lol).
Posted by dwman on :
Upside, you rascal! Where have you been. Just because I take some time off to be with my brand new grandson doesn't mean you should abandon me. lol
Posted by dwman on :
What happened to dusty? that ( truely ) was for his benefit.
Posted by Upside on :
You've gotta stick around dwman. Without your levity our mean sides come out. Congratulations on the new grandson by the way.
Posted by dwman on :
goodnight all.
Posted by will on :
It is a Mel Brook's movie, yes. Zero Mostell, (Max Beallystock), is getting audited it by, Gene Wilder, (Leo Bloom). Through the audit Bloom thinks outloud, you been selling 150% interest in these plays, and they been flopping, a guy could make a million if he did this on a larger scale and the play flopped. So they set out to get the worse play, playwrite, director, actors, etc. The play is called "Spring Time for Hitler & Germany, Winter for Poland & France". They play is hailed as a great saterical work, and succeeds beyond belief, meanwhile they sold 1000's of precent of it. They even go as far as trying to blow up the theatre and killing the actors. Great movie, go rent it this weekend, and thank me later.
quote:Originally posted by Upside: Originally posted by Will:
quote:Upside: have you ever seen "The Producers"?
I think so but you're gonna have to refresh my memory. Old Mel Brooks movie, right?
Posted by Upside on :
Originally posted by Will:
quote:Great movie, go rent it this weekend, and thank me later.
I'll do it, thanks. By the way, I talked to my dad today, he wants to talk to you.
Posted by will on :
Wallace knew the movie. Great movie, wasn't it Wallace? If anyone is ever feeling bad or depressed go rent it. I guarantee you will feel better after seeing it. Matter of fact, it was a Broadway production, and sold out for the last few years. Maybe Urban has seen it ???
Posted by bill1352 on :
up...look at the chart link i added its for over 2 yrs. in dec of 2003 the o/s was 7 billion. the last 10K filed. legel's hope is that UC sold the stock to catch the mm's in a n/s at an average of .0005 to then buy back at .0001. first you need a .0005 average to do this..lol. there is only about a 3 month period where the average was over .0002 yet in that same 27 month period almost 700 billion shares were added to the o/s. and all of it was added before aug of 2004. to sell hi & buy low they all had to be added between june of 2004 & oct of 2004. i only bring this up to add fact to his theory & see if it matches. as it doesn't come close to being posibble fact takes his belief & flushes it.
Posted by Upside on :
Springtime for Urban & Canada?
Posted by will on :
That's ok, I appreciate it but it's not necessary. Tell him I was inquiring because I was concerned about him. That episode in the drive had me worried.
quote:Originally posted by Upside: Originally posted by Will:
quote:Great movie, go rent it this weekend, and thank me later.
I'll do it, thanks. By the way, I talked to my dad today, he wants to talk to you.
Posted by Wallace#1 on :
Up,
I am glad both you and Bill responded to the .0005 exaggeration. You also expressed some very good reasoning as to why he didn't just walk away. Greed, saving face and staying out of jail also enter into the picture where UC is concerned.
Here are more responses that should be stated:
L: CMKX has always been a diamond exploration company
Response: With absolutely 0 success. UC tried the same kind of thing back in the 80s or 90s and with basically the same/similar claims and in the same area.
L: If this were a "scam", all he had to do was announce that the company found nothing in it's explorations of it's claims; and simply walk away, a very wealthy man.
Response: As Upside implied, he cannot just walk away. It's like quicksand and he cannot get out....and, he sure as hell doesn't want to go to jail if he can worm out of it.
L: So why is he still here? Still fighting. Still antagnozing the investigative agency.
Response: Greed! Fear! Arrogance! Between a rock and a hard spot!
L: Still linked up with a man of more investigative talent, connections and resources, than perhaps the FBI itself.
Response: Almost back to the RG infatuation and similar comments.
L: Still acquiring many more claims. Still branching out into many more entities.
Response: So he can squirm out from under scrutiny in some way? Scam continuity or new scams?
[ April 14, 2005, 22:34: Message edited by: Wallace#1 ]
Posted by Upside on :
So lets say he only took in 200 million, the number is irrelevantbecause there's no naked short trap here, just Urban and family becoming very rich.
Posted by will on :
"Springtime for Urban & Canada, Winter for the Faithful & Foolish"
Posted by Upside on :
Originally posted by Will:
quote:Tell him I was inquiring because I was concerned about him. That episode in the drive had me worried.
Yeah, I could tell earlier how concerned you were.
Posted by will on :
Yes, the aging process is a terrible thing, UpMan, or at least it can be. I'm proud of you for being so close to him.
Posted by Upside on :
Originally posted by Will:
quote:Yes, the aging process is a terrible thing, UpMan, or at least it can be. I'm proud of you for being so close to him.
Sure, thanks, I appreciate it.
Posted by Wallace#1 on :
Will said: "Great movie, go rent it this weekend, and thank me later." *************************
That movie will have you in stitches!! By all means get it. Maybe UC saw it too?
Did you guys know that Zero Mostell was blacklisted during the McCarthy hearing era and couldn't work for years. What a loss of wonderful talent.
Posted by Wallace#1 on :
I just noticed that someone has zapped my star ratings. No big deal! It has happened before, and, it will not prevent me from posting my conclusions about CMKX. Thank you "little" people.
Posted by Ric on :
ME too, big time. It was more then one. Leads me to think someone might have multiple names. Because it was 3 in just a short time.
Posted by Wallace#1 on :
I can make a good guess too! Ric, I cannot give you any more but would if I could.
Posted by Wallace#1 on :
Mine was two. Probably old posters from the CT forum. Christians, you know.
Posted by Ric on :
Yeah they love to smite you in his name. There logic not mine.
Posted by Wallace#1 on :
As I said, Ric, "No big deal." Just look at how many legal has. Maybe he or someone else is trying to even the score.
Posted by Ric on :
Anyone going to set odds on filings being filed by the 17th. Mine is 703 billion to 1 against.
Posted by legaleagle on :
quote:Originally posted by Ric: Legal, why didn't you post this E-mail from Frizzell?
To: Members of the CMKX Group April 14, 2005 (2nd )
It has been brought to my attention that the SEC is being spammed. I have been told that certain persons are sending multiple emails and some of the content contains threatening messages. Some of the email has been described as personally insulting to various SEC attorneys. I have told the SEC that this spam tactic and letter writing campaign was not endorsed nor ordered by me. You are advised that spamming is illegal. You could and may be prosecuted for such acts. Anyone that makes personal threats against another will have far more to worry about than their interest in CMKX. Such threats are a federal offense and you can believe the FBI and the Justice Department take such threats seriously, as they should.
I am hopeful that if these acts are in fact occurring, that those responsible are not members of the CMKX Owners Group. If they are, you are advised to cease and desist from such activity. We have a judicial process that is in place and working. This activity will only be counterproductive to the company. The Court will certainly not condone such activity.
The SEC receives letters from the public on a regular basis. Legitimate questions, inquiries and comments are expected in an agency that has such a significant place in our society. The acts referred to above go far beyond what is acceptable as an inquiry to the SEC. Sometimes the acts of a few can cause problems for the many. I am spending an increasing amount of my time trying to answer the questions of the members of our group. I will increase my staff if necessary to try and answer the questions you have, but any questions from members of this group should be directed to this office rather than the SEC. I am your lawyer and your questions will be answered.
I maintain my promise to you that you will be regularly informed of matters involving this proceeding through our email setup with this group. Please encourage other shareholders to act civil and lawfully in your efforts to support the company.
Bill Frizzell
Cc: Donald Stoecklein SEC Judge Brenda Murray
Ric, spamming some official, pretending to be Pro-CMKX and hitting them with abuse, harrassment and threats, is an old basher trick. Didn't feel the need to spread those ideas to this board.
Posted by *Magnetic*Microspheres* on :
You know they talk so big about the SEC and I have problems with some of there slow responses to these scams. But this is big brother here. Might as well write threatening letters to the FBI or even local police for that matter. But the Government in any form, be it the Post Office to the CIA will not tolerate threats and will prosecute. How stupid can you be.
I really don't see how some in this stock like in Willy's room even can figure out how to operate a computer.
Posted by Ric on :
Willy causing problems for Citigroup? others? by Tenisha Brown Wednesday, April 13, 2005
One would think that Willy Wizard a.k.a Hal Engel, a.k.a. Harold Engel, Jr., is very pro CMKM Diamonds. Recently in what some think are staged pump sessions in his Paltalk chat room, appropriately titled, "***********'s Underground."
Recently he has been hosting a session with a user named "accadacca." While in the room, "accadacca" talks about a supposed buyout rumor of CMKM Diamonds from Citigroup. "Accadacca" states some vague rumor from his brother in law who he states is employed by Citigroup at their office in Chicago. "Acadacca" claims he has hired legal counsel who has cleared him to talk about this without any worries of insider trading or full disclosure violations on his or his brother in laws behalf. Yet when asked for details relating to the supposed buyout, he states his lawyer has advised him not to speak. He simply states, "that's a very good question. No comment." Yet when queried about Citigroups supposed buyout of CMKM Diamonds, a pink sheet company he states it will happen and soon. He states he is not sure of the price per share of the buyout offer but thinks it is around 20 cents. Not bad for a stock currently trading at .0001. Engel appears to the author to be supporting "accadacca" as he has kicked members out of the Paltalk room who have raised arguments against the supposed buyout.
They most likely refuted the rumor due to NYSE rule 435. Even after the refutation by Citigroup, Engel continued to state that "Accadacca" seems believable. Engel even went as far as to say that he had been running "voice recognition" on "accadacca." He even posted the results to his Yahoo newsgroup. The post by Engel is at the bottom of this article, including the supposed results.
Engel systematically allows the booting and banning of users of the room who seem to have a different opinion than Engel or his administrators. Any arguments to the rumor are quickly quashed in this manner. It seems to the author that Engel is attempting to keep buying and holding pressure up for some unknown reason. The author can't quite figure out why someone would want to do this for a company who recently had administrative proceeding brought against it by the SEC division of enforcement.
The disclaimer on the room states that Engel owns 921 million shares of CMKX since as far back as March 19th, 2005. His share count has gone down since late 2004, when Engel held approximately 1 billion shares.
During the apparent sell off of his shares, Engel never disclosed his intent to sell on the disclaimer on his site. The site disclaimer does however read, "This writer/owner does reserve the right to trade in and out of securities he holds, sometimes daily and sometimes multiple times per day. Therefore the actual listed share amounts held could be less then listed within this profile disclaimer."
The SEC has stated previously that these type of disclaimers are materially misleading as to the real trading intent of the authors. (see SEC Release No. 42483 / March 2, 2000 : http://www.sec.gov/litigation/admin/34-42483.htm)
Engel has stated in the past that CMKX was ready to explode, ready to rumble, and that "the whales were coming." In apparent reference to institutional investors.
Random fact: Scalping is when a stock tout recommends a buy or hold at which time they sell.
One would think that the SEC might step in and investigate possible scalping scenarios that have become so prevalent by use of the internet and press releases. Unsuspecting investors can suffer when someone "pumps" a stock while they are selling.
Back on the topic of protection of unexperienced investers, the unprotected investors who are lead into his Paltalk room on the direction of his press releases are in for a real treat. Once in the room, they are subjected to name calling, racism, and womanizing as reported on numerous message boards throughout the internet. This comes not only by the other users, but by the administrators handpicked by Engel. Some users have stated that the most despicable of room administrators carries the user ID of "oogie". At one point when a common user disagreed with a rumor supported by Engel, "Oogie" told the user to, "go over to that nigger's" room," referring to a more popular, larger stock chat room whose administrator is an African-American.
Why hasn't Paltalk shut down this room carrying a "G-rating?"
As of the time of writing, the disclaimer on his website includes four stocks. The disclaimer on his paltalk room only includes one stock that Engel was compensated to pump from the issuer, yet he still pumps the other three without a proper disclosure available to users of the chat room.
The SEC has brought proceedings against others for violations of Section 17(b) in which touts are compensated to pump from the issuer, yet not providing the required disclosure of the amount of shares received as compensation.
The author wonders if these rumors are causing problems for Citigroup and for the smaller companies involved.
Message: 13 Date: Mon, 11 Apr 2005 21:19:46 -0000 From: ***********2 Subject: This stays at the clubor I will bounce whomever posts it somehwre else
> 'Excited' samples : (4%) > 'Stressed' samples : (23%) > 'Uncertain' samples : (13%) > 'Voice Manipulation' samples : (0%) > 'Outsmarting' samples : (0%) ------------------------------- > 'Intensive Thinking' samples : (21%) ------------------------------- > 'Inaccuracy' samples : (4%) > 'False Statement' samples : (0%) ------------------------------- >> Suggested analysis: The subject was not excited during the conversation. The subject was stressed in some parts of the conversation. The subject was uncertain about many things he said.
According to the results the subject spoke truth. --------------------- The subject was found reliable.
Posted by *Magnetic*Microspheres* on :
LOL I thought my link on the previous page was good enough Ric Posted by Ric on :
Thought it needed to be top of new page, lol. This was too funny to miss.
Posted by *Magnetic*Microspheres* on :
Posted by glassman on :
seems like they have something for everybody don't it? paltalk with the attitude, racecars, chistian traders... one of the biggest marketing gigs ever...
Posted by will on :
"reasoned opinion"
I love that phrase!
Posted by Wallace#1 on :
legal,
Where did anything in that letter stating that someone was "pretending to be Pro-CMKX"? Is distortion the only thing you do well? You wrote:
"Ric, spamming some official, pretending to be Pro-CMKX and hitting them with abuse, harrassment and threats, is an old basher trick. Didn't feel the need to spread those ideas to this board."
Furthermore, to suggest anyone on this board or thread has done so is typical of your generally insulting attitude. Why don't you read the riot act to someone over on your CT forum. More than likely, that is where it originated. Many of us remember their vile comments and threats.
Bet you 10 to 1, it was not someone who does not care for CMKX, but was someone who is so pro CMKX they do little more than pump the begeesus out of it. Do you know anyone like that? I do hope the federal authorities track it down and make it public. The only persons I have seen that are that fanatical are avid shareholders of CMKX.
Posted by drgnfly on :
Does anyone have pictures of these cast of clowns? I've seen sterling and the green barron before so I know why they post crazy stuff... just curious about the rest.
Posted by drgnfly on :
Urban is now setting up phoney sponsorships? OMG
Started by Gluggo | Post by Gluggo Well not sure who turned me in! I emailed James S. Goddard Director Associate General Counsel that he could take his threatening email and shove it! If he wants to come after me go ahead! I got plenty of fire power here in Alaska! Come on buddy I dare you! I will fight this to the end! Mr James S. Goddard can just kiss my you know what!
My next question is which one of you turned me in?
Attn Gluggo!
It has come to the attention of Citigroup/Smith Barney that you have been posting photographs--specifically photos depicting a "Citigroup/Smith Barney" logo on a CMKX racecar, with a legend identifying the individuals in the photo as a "Citigroup Rep and UC".
Please be advised that any reference to Citigroup and/or Smith Barney in connection with CMKX, in any capacity, was, and is, unauthorized. "Citigroup" "Smith Barney" and the "Citigroup Umbrella Logo" are registered trademarks owned by Citigroup Inc., and those marks were used without the permission or approval of Citigroup. The person identified in the photographs as a "Citigroup Rep" was not, and is not, authorized to represent Citigroup in connection with use of Citigroup's registered marks. Citigroup has never sponsored, does not sponsor, and has no intention of sponsoring CMKX or CMKXtreme Racing.
Last week, Citigroup issued the following Announcement, which can be found on the website "smithbarney.com":
"April 8th, 2005 - Smith Barney Not Connected with CMKM Diamonds:
It has come to our attention that various website chat room postings have suggested a relationship between Citigroup and/or Smith Barney and CMKM Diamonds (Symbol: CMKX) and CMKXtreme Racing. Please be advised that there is no relationship or connection whatsoever between Citigroup or Smith Barney and CMKM Diamonds or CMKXtreme Racing, and any statements to the contrary are false."
Citigroup hereby demands that Gluggo cease and desist in these photographs referencing Citigroup and/or Smith Barney and/or any of its affiliates, agents or employees to be immediately removed. In addition, Citigroup demands that Gluggo cease and desist from making any statement which states or implies that there is any relationship or connection between CMKM Diamonds and/or CMKXtreme Racing or any of their affiliates, agents, employees, officers or directors and Citigroup, Smith Barney or any of their affiliates, agents, or employees.
In the event that Gluggo does not immediately comply with this demand, Citigroup will take all necessary and appropriate legal action to ensure that these demands are met. Please feel free to call, or e-mail, me if you have any questions.
Very truly yours,
James S. Goddard Director Associate General Counsel
LOL
Posted by dwman on :
quote:Originally posted by Upside: You've gotta stick around dwman. Without your levity our mean sides come out. Congratulations on the new grandson by the way.
Thanks Upside. He's a keeper.
Posted by legaleagle on :
Wallace since you don't recall, let me remind you of your very first chat with noah:
noahltl New Member
Rate Member posted June 17, 2004 15:11 --------------------------------------------------------------------------------
NEWS NEWS NEWS UCAD issued PR announcing change of accounting firm. May be first signal of the anticipated merger. Getting ducks in a row. http://biz.yahoo.com/e/040617/ucad.ob8-k.html
-------------------------------------------------------------------------------- Posts: 2 | From: Noblesville, IN | Registered: Oct 2004 | IP: Logged |
************************************************
Wallace#1 Member
Member Rated: posted June 17, 2004 15:23 -------------------------------------------------------------------------------- Someone ought to start a thread on rumors started and by whom. There are many reasons a company changes accountants. One reason is they do not want an honest firm...just one that will agree to everything the company demands.
*************************************************
noahltl New Member
Rate Member posted June 17, 2004 15:28 -------------------------------------------------------------------------------- There are many companies that change dental plans too, but they don't release a PR about it unless they are sending a signal to the market.
*************************************************
Wallace#1 Member
Member Rated: posted June 17, 2004 15:35 -------------------------------------------------------------------------------- Well, noahltl, that is the best piece of evidence I have ever seen for investing in or gambling on a dream. CMKX hasn't shown itself to have an awful lot of teeth though...except the ones that are biting your butt!!!
*************************************************
Author Topic: CMKX II new Thread. Get it while you CAN ! noahltl New Member
Rate Member posted June 17, 2004 15:46 -------------------------------------------------------------------------------- Wallace - Most of us here are waiting and watching CMKX. Some of us are not dreamers. There is movement in this stock and that's really all most of are looking for. Any thing that moves that stock can be important to investigate when making decisions on buy / sell. I posted news that is relevant to that kind of decision making. I'm not pumping, just making news available to fellow investors. There has been a lot of talk about merger by these two companies to take us to OTC. Dr. Mark Hutchinson, our consultant geologist is on the board of UCAD and their offices are in Vegas as well. They are a partner in Carolyn and any thing they do is worthy of note right now. If you don't have any of this stock, I'm sorry, it's the greatest front row seat I've ever had. Go bash someone else, I've got business to do.
*************************************************
Wallace#1 Member
Member Rated: posted June 17, 2004 16:50 -------------------------------------------------------------------------------- noahltl - again, considered the source and IQ. No further comment. By the way, can you spell "professional"? [This message has been edited by Wallace#1 (edited June 17, 2004).]
************************************************
noahltl New Member
Rate Member posted June 17, 2004 17:11 -------------------------------------------------------------------------------- Wallace once again you jump without analyzing your situation. You responded to me about spelling "professional" and yes I can, thank you very much. The problem is that I didn't use that word in my post to you, that was another poster. So once again you speak without knowing your facts, proving you are neither "profesional" or "professional". But you do seem to have an "elitist" air about you that smells up everything you post
Posted by Dustoff101 on :
What in the world my portfolio just went nuts .0006???????
Posted by Upside on :
Probably should have been .00006.
Posted by Dustoff101 on :
It will take awhile for people to settle down again...Every time there is a glitch in other stocks people start running around like chickens with they're heads cut off screaming it's another CMKX....Thanks alot U/C you no good son of a cow chip!!!!
My all time favorite pic is the ' shed 'and that weird looking guy holding up the pizza...what the heck, I am a man of simple pleasures.
Posted by bill1352 on :
dusty please...you know legel will make that into a new mm manipulation theory..lol
got to comment on this...lol
================================= Ric, spamming some official, pretending to be Pro-CMKX and hitting them with abuse, harrassment and threats, is an old basher trick. Didn't feel the need to spread those ideas to this board. ================================================
seriously legel your kool-aide soaked brain can't believe a basher of cmkx would need to make such a call? why? what possible good would it do any basher? the n/s chit?? this company is doing just what any basher has said it would do. it cant go lower in pps. the o/s is so high it destroyed any possible value. it has no known findings of any real value. the SEC is investigating it now. its been suspended. it could easily be shut down. you talk about reasonable opinion, the only reasonable opinion is that the ever protective cult is making those threats. the same cult that bans any person that doesn't believe riches are just around the corner. the cult that believes the whole stock market is focused on destroying cmkx. the paranoid cult that believes only cmkx's claims & any results need to be hid from debeers & others. while every other diamond exploration company out there has no worries about announcing their findings. before long your cult will be thinking their phones are tapped, that mm hired hit men are around every corner. you'll be locked in rooms afraid to leave because you folks know so much & need to be shut up. it was pathetic but its getting even worse.
Posted by legaleagle on :
bill, I can't believe you have been around as long as you have. If bashers, pretending to be pro-CMKX, send threatening email to the SEC, ranting about how "unfair" the investigation is, then the SEC will only work harder to prove their case and could become more strident in their investigations and charges.
Posted by ed19363 on :
I hope they are strident and work harder. It appears the only way we will ever know what's going on is if someone forces it out of CMKX. They certainly havent been any more forthcoming with news than they ever were, regardless of what "Iron Bob" says. The only news we get is about the SEC investigation. Still waiting for the drilling reports and financial info that was promised years ago. Damn it, I'm out of Koolaid again !!!!!!
Posted by bill1352 on :
legel..the point is why? if as you believe bashers are trying to kill cmkx & yes i'm sure some are calling would be foolish even more so saying the SEC is trying to harm CMKX. it would show that shareholders believe in the stock, of course it would also bring a FBI visit which is never a good thing. there is enough support for cmkx with the shareholder group. now if you said bashers calling threatening the SEC if they dont jail UC i'd see your point. CMKX is doing itself all the harm it can. it doesn't need any basher push. they have gone from a possible solid investment to possible scam all by themselves. & might i add have done it in style & with a set of b**ls.
Posted by legaleagle on :
koiman6 14 Apr 2005, 11:01 PM EDT Msg. 195372 of 195936 Jump to msg. # This article of mine goes out tomorrow...
“Does the SEC Sanction Stock Counterfeiting???”
This disturbing question surrounds an illegal stock market activity, long tolerated by the SEC called “naked short-selling”. It is the literal equivalent of stock counterfeiting. This practice amounts to theft of investor’s money by the selling of non-existent stock, diluting legitimately issued shares. It is the job of the SEC to prevent this sort of white-collar crime. Apparently the SEC has a differing view on this matter and appears to be in violation of the very mandate that empowers them to regulate the stock market in order to protect the investing public.
Many investors are greatly disturbed by the declaration the SEC makes in a document posted on the SEC website on April 11, 2005. In section 2 of this document on this webpage, www.sec.gov/spotlight/keyregshoissues.htm , we find this statement by the SEC: “Naked short-selling is not necessarily a violation of the federal securities laws or the Commission's rules.“ This outrageous statement flagrantly contravenes securities law and indeed the principle mandate of the SEC, which is the protection of the private investor.
So what exactly do we mean by ‘naked short-selling’ and is this practice truly a threat to the investors in the stock market?.
In simple terms, “naked short-selling” or “failure to deliver” is the de facto counterfeiting of stock and sale of these “phantom shares” into the market. Here’s how it works… In a legal short-sell, shares are borrowed, the shares are then sold with the hope that the price will drop. When the price drops, the short-seller buys the same number of shares from the market and returns them to the entity from which they were borrowed. The short seller keeps the difference in price as profit. If the price rises and the short-seller is compelled to sell at a higher price then they lose money. A risky but legal game. Legal, that is, unless the short seller never borrowed the shares in the first place. This is naked short-selling, i.e. illegal counterfeiting of stock in that the shares were never borrowed in the first place for delivery to the buyer. The shares are created out of thin air, sold into the market and thus dilute the number of legitimate shares already existing.
“Naked short-selling” is synonymous with the term “stock counterfeiting” and that more honest term will be used interchangeably from this point on. It is the literal equivalent of printing money, walking down to the store and spending it. Now if a private citizen were to do that they would quickly land in jail and rightfully so since counterfeiting artificially devalues the legitimate money already in circulation. Likewise, your investment dollars become devalued by stock counterfeiting.
This is why many investors are puzzled by the seemingly conflicting statements and actions of the SEC in regards to naked short-selling. The conclusion reached during an SEC meeting that took place on October 21’st of 2003, was that naked short-selling is “Manipulative, Abusive and Problematic”. Now, a year and a half later the SEC says it is “not necessarily illegal”? The conditions under which the SEC attempts to grant legitimacy to the crime of stock counterfeiting are suspect at best. Again to quote from the April 11, 2005 SEC document, “…in certain circumstances, naked short selling contributes to market liquidity. For example, broker-dealers that make a market in a security4 generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers.” This is absurd. What purpose is served by creating a mechanism by which Market Makers can churn shares back and forth between themselves in a market with NO buyers or sellers?
At this point, one must ask the question, “What in blazes is going on here?” How, one wonders, can the SEC allow such practices to continue and how is it that the SEC issues seemingly contradictory statements in regards to a practice designed to steal money from the American public? Well hang on because it goes from bad to worse…
Again, we return to the quote from the SEC… “Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules.“ I wonder then about Title 18, Chapter 25, section 473 of the US Criminal Code where the subject of “dealing in counterfeit obligations or securities” is fully addressed? Does the SEC not have an obligation to promote adherence to the laws set forth under this code? Indeed they do and it is found in the very mandate that created the SEC in the first place. This would be The Securities and Exchange Act of 1934, Section 17A, Paragraph 2. This is the congressional mandate the SEC is not fulfilling: “2) The Commission is directed, therefore, having due regard for the public interest, the protection of investors, the safeguarding of securities and funds, and maintenance of fair competition among brokers and dealers, clearing agencies, and transfer agents, to use its authority under this title-- i. to facilitate the establishment of a national system for the prompt and accurate clearance and settlement of transactions in securities…” (emphasis added)
Clearly something is deeply and troublingly wrong with our system of trading stocks. We have, by congressional mandate, an organization whose job it is to oversee the market and insure fair trading practices and this organization, the SEC, has dropped the ball. More to the point, the SEC seems to be blatantly aiding and abetting profoundly criminal activity. However, the SEC is not the only organization at fault here. The Depository Trust Clearing Corporation (DTCC) has their hand in the cookie jar too. The DTCC is the private organization responsible for clearing nearly all stock transactions that occur in this country. It is a quasi-governmental organization, a member of the U.S. Federal Reserve System, and is actually privately owned and operated by some of the most powerful individuals from within the financial and banking industry. The biographical data on the DTCC website is somewhat chilling as one is left with the sense that the foxes are indeed guarding the henhouse…and we are the hens.
One case involving problems with the DTCC, and there are many, is that of Eagletech Communications, Inc. (ticker symbol EATC). Recently, Rodney E. Young, the CEO of Eagletech wrote an open letter to the general counsel of the DTCC in which he states, “on March 4, 2005 Eagletech Communications, Inc.’s Attorneys announced the ruling of the Supreme Court of the State of New York, wherein the DTCC was compelled to produce the Company’s trading records. Today, more than one month later, the records have not been forthcoming as ordered by the court”. The complete letter may be found on the company website at www.eagletech1.com/prn04052005.html In brief, Eagletech stock has suffered greatly at the hands of naked short-sellers whose illegal activities have been aided and abetted by the “stock-borrow program” offered by the DTCC, according to Mr. Young.
The DTCC “stock-borrow program” is one of those good intentions that has predictably paved the road to Hell and it appears to be a major contributor to this fetid cesspool of illegalities. To quote from the DTCC website…this is how it works: “The Stock Borrow Program allows participants to lend NSCC available stocks and fixed income securities from their account at The Depository Trust Company (DTC), to cover temporary shortfalls in NSCC's Continuous Net Settlement (CNS) System.” In other words, the DTCC funnels phantom stocks from thin air into the market place in hopes that these shares will be balanced by the influx of trades being settled, acting as a buffer for the volatile stock markets. Sounds good on paper but it obviously has added to the problem of persistent delivery failures, which equate to the counterfeiting of shares any way you look at it. Perhaps that is why the DTCC continues to defy a judicial order in regards to delivering the trade records of Eagletech Communications.
The scope of this brief article is not sufficient to fully explain the complexities of the DTCC’s involvement in this naked short-selling scandal some refer to as “Stockgate”. For an in-depth discussion please refer to the following article at www.investors.com/breakingnews.asp?journalid=22565366&brk=1 A brief quote from this article is at disturbing to say the least, “The recent lawsuit filed by Nanopierce Technologies (NPCT) alleges that the Depository Trust and Clearing Corp. has a lot of reasons, almost one billion of them a year, to keep illegal naked short selling in operation. It was the shot across the bow by the legendary Houston law firms of Christian, Smith, Wukoson and Jewell, and OQuinn, Laminack and Pirtle, whose notches already include environmental targets, the breast implant industry and the tobacco industry, all brought to their knees. In comments to the U.S. Securities and Exchange Commission, C. Austin Burrell, who is providing litigation support and research for the law firms, said that StockGate is more massive than anyone may have imagined. "Illegal Naked Short Selling has stripped hundreds of billions, if not TRILLIONS, of dollars from American investors," and have resulted in over 7,000 public companies having been "shorted out of existence over the past six years." Burrell said some experts believe as much as $1 trillion to $3 trillion has been lost to this practice”. End quote.
There are some who will downplay the negative effect that naked short-selling / failures to deliver/ stock counterfeiting has on the market. Their principal argument is that whatever stock counterfeiting occurs, happens mainly with “penny stocks” trading on the Over the Counter Bulletin Board (OTCBB) and the much beleaguered Pinksheets (OTC’s) where many companies massively dilute their own stock with fresh shares just to survive. This begs the question though, “Would these small, struggling companies be compelled to dilute their stock nearly so much if their stock price per share were not being driven to the ground by the criminal activity of stock counterfeiting?”
Indeed there are cases before the courts right now that illustrate just how bad this problem really is and how hundreds of struggling companies and their many thousands of shareholders are being adversely affected. “Adversely affected” is not worded strongly enough. Investors are being robbed blind by the criminals who operate within the market system AND from beyond our shores and direct jurisdiction through hedge funds and other trading entities. And where do these ill-gotten monies go? Organized crime? Terrorist organizations?
Has the SEC made any attempt to address the issue of stock counterfeiting? Well yes and no. In late 2004, early 2005 Regulation SHO was put into effect ostensibly to shine the light of scrutiny and enforcement upon the issue of naked short-selling / stock counterfeiting / settlement failure (choose your euphemism). SHO has been a dismal failure. Out of the hundreds of companies who have made the list there has not been a single action taken, as far as can be determined, against any of the parties involved in the willful and illegal shorting of these stocks. For an in depth discussion on the details of SHO and failures thereof please refer to this link: www.investigatethesec.com/DP120205.htm
Investors are worried and are asking many important questions such as, “Why does the SEC allow the fraud of stock counterfeiting via naked short-selling to continue?” “Do I wish to continue to invest my hard earned dollars in a market rife with corruption from the top down, corruption that is far too complex to be easily understood?” The SEC is supposedly the protector of the investing public. Who is protecting us from the SEC?
These at least are questions that many of us ask daily and for many of us it is why we hesitate to throw good money after bad by continuing to invest our honestly earned monies in a system that is apparently designed to steal from us. Hundreds of BILLIONS of dollars have been stolen from us, and the companies for which we work. Yet, every day, day after day, the theft continues. What are we to do? We are left with few alternatives.
Fix the problem SEC or we take our investment dollars elsewhere.
From what I understand the stock is trading with a bid/ask of .00003/.00006. Virtually everything I have allocated to penny stocks is invested right now, except for $1.25. If I could buy at the bid, I could get 41,666 shares, the ask would yield me 20,833. For a buck and a quarter! And we're going to take over the diamond world?
Posted by TruthTeller on :
Nobody posted this fluff??
CMKM Diamonds Provides Update Friday April 15, 2:18 pm ET
LAS VEGAS--(BUSINESS WIRE)--April 15, 2005--CMKM Diamonds Inc. (Pink Sheets:CMKX - News), in its continuing efforts to furnish the investing public and its stockholders with current information and to quell any inaccurate rumors, has disclosed the following corporate information: Rumored Stockholder Meeting. CMKX has not noticed nor will it, or anyone on its behalf, conduct a stockholders' meeting at the NHRA event to be held in Las Vegas this weekend.
Administrative Hearing. On April 13, 2005, a prehearing conference call was held among CMKX's counsel, the SEC's division of enforcement and a SEC administrative law judge. On the call, the administrative law judge denied the division of enforcement's request for summary disposition. As a result, the judge set a new hearing date of May 10, 2005, in Los Angeles (time and location unknown at this time). Further, the judge made it imperative that CMKX be prepared to provide a status report on its accounting and 12g reporting at the hearing.
CMKX would like to reiterate to its stockholders and the investing public that all corporate updates will be made solely through press releases and/or current reports on Form 8-K as and when they become available.
-------------------------------------------------------------------------------- Contact: CMKM Diamonds Inc., Las Vegas Andrew Hill, 306-752-3755 or 877-752-3755 cmkxir@mail.casavantmining.
Posted by legaleagle on :
While I was looking back for my first exchange with Wallace, I couldn't help but stumble over a few choice "quotes". Here is a couple from a "vicious" exchange between the rabid Christian Leader WWJDthrume, Debi; and the ever vigilant Wallace:
Member Rated: posted June 29, 2004 10:30 -------------------------------------------------------------------------------- Debi, Glad to know at least we can agree to disagree at any time without any hard feelings. YOU CAN COOK ME ICE CREAM BALLS AT ANY TIME!!!! LOL
***********************************************
Wallace#1 Member
Member Rated: posted June 29, 2004 22:17 -------------------------------------------------------------------------------- Debi, You know I truly wish you all the luck in the world! You can be tough but underneath, there's a lot of sugar..."sweetie pie".
Re the ribs and tempura...any time you get near my neck of the woods, let me know. You got it!!
Here's one for you. Re the release on 6/16/02 -- Roger Glen. Part of his statement said, "The company has advised us that it is dedicated to complying with all requirements on it, and we are pleased to act as counsel to it on that basis."
As a pink sheet listed company, there are few if any "requirements" on it. They even stopped SEC filings. If counsel is acting on that basis (that is, "requirements on it"), then I must suggest that they are doing little or nothing. What do you think?
Wallace#1 Member
Posted by legaleagle on :
quote:Originally posted by Upside: From what I understand the stock is trading with a bid/ask of .00003/.00006. Virtually everything I have allocated to penny stocks is invested right now, except for $1.25. If I could buy at the bid, I could get 41,666 shares, the ask would yield me 20,833. For a buck and a quarter! And we're going to take over the diamond world?
Do you really think those prices are being driven by the demand, with volume approaching a billion shares? Or by the MMs?
Posted by Upside on :
I'm going with demand. A billion is a light trading day, people are hesitant to buy and the few that do are paying fair value, in my opinion.
Posted by legaleagle on :
And here's another from his "sweetie pie" in what is an obvious Christian conspiratorial attack on him:
WWJD-thru-me Member
Member Rated: posted July 03, 2004 14:29 -------------------------------------------------------------------------------- Money_Penny-Wallace isn't a basher and he did have some shares but sold them after rethinking his purchase. I don't agree with his take on this stock but if we never hear a negative view we may miss something important. I am hoping this is as good as most of us think it is. Regular posters on these boards should be able to express contrary opinions. To deny that freedom is not financially healthy especially on a stock message board. However new posters coming in who start up with negative talk not based on verifiable evidence will be thought of as bashers by me until proven otherwise. The flip of that should be true also and in any stock. With CMKX there is a lot of excitement and the hype can be a little overwhelming sometimes. I am guilty of getting too excited about it most of the time. I think there is a lot to be excited about but hearing the other view point can halp keep us grounded. I would say this is a very postive board in general so hearing an occasional contrary voice is a good thing. Let's keep it pleasant and have fun. IMO-DD Have a great Day all!!! Debi
And of course Wallace let her have it with one of those "cooked ice cream balls".
[ April 15, 2005, 15:49: Message edited by: legaleagle ]
Posted by legaleagle on :
And of course it was always those Christians were kept bringing up religion on a stock board.
Wallace#1 Member
Member Rated: posted June 30, 2004 08:50 -------------------------------------------------------------------------------- Debi, Good morning!
Glad you posted that reference to Jews and Christians. You beat me to it! Peace
Posted by legaleagle on :
And of course there was the patriot who thought this board should be open to diverse opinion. Apparently as long as they are the same as his:
Wallace#1 Member
Member Rated: posted July 03, 2004 13:58 -------------------------------------------------------------------------------- Tomorrow, folks, is the 4th of July, otherwise known as Independence Day. As a result, we were all given certain inalienable "Rights". That includes the right to voice one's opinion (aka free speech). I am a Veteran who got shot at to protect those rights...including those of people who want to tell others to shut up, get off the message board forum, basher, etc. I have searched my genealogy, and at least 7 of my ancestors fought in the American Revolution for those same rights. Doji, if you and others have a different venue, that is your right. That does not mean anyone should be gagged or denegrated because someone does not want to hear what may also be an honest opinion. Some of you even went to the point of emailing Allstocks to try to get me removed from this forum for voicing my opinion. One, I definitely know. As to the other 2, I can make a very accurate obserbvation.
Email Allstocks, and I am willing to bet they will inform you they intended this to be a "forum". A forum is a public meeting place for open discussion...a medium for open discussion. Anyone question what "open discussion" means? A good example is a 2-way street. Be courteous and respectful enough to allow someone to pass in the opposite direction and remember, you may turn around at some time as well.
Have a safe and enjoyable 4th of July!
[This message has been edited by Wallace#1 (edited July 03, 2004).]
Posted by legaleagle on :
And of course the one from "Wallace the Pumper":
Wallace#1 Member
Member Rated: posted June 10, 2004 23:28 -------------------------------------------------------------------------------- Upside, your .0009 seems low to me. Wouldn't surprise me if it goes to between .001/.002. Remember, even small diamonds can be profitably used for industrial purposes.
Posted by legaleagle on :
AND OF COURSE, THE FUNNIEST OF ALL, "WILL, THE KOOL AID DRINKER":
will Member
Member Rated: posted June 10, 2004 23:31 -------------------------------------------------------------------------------- .0009 ??? Now you are being overly cautious. Regretfully I have tried to process what you and Power have been posting in the most positive way, but I'm sorry I just cannot agree with that. I now believe your and Power's only option for victory here is to surrender to the real facts, and stop trying to discount them. I cannot understand how you can firmly hold that position when time after time you have to give more ground and revaluate your position as facts are revealed. I am a dubting Thomas, but I certainly don't discount and dismiss facts when they are presented to me. A couple of months ago, I laughed at people that were buying CMKX, now I drink there grape KOOL AID. Please be more realistic with your opinions.
quote: -------------------------------------------------------------------------------- Originally posted by Upside: originally posted by pharmdman: Assuming no other news is released between now and then, my guess is .0009 tops. --------------------------------------------------------------------------------
Posted by legaleagle on :
Now don't forget fellow "pumpers", his favorite flavor is grape.
Posted by legaleagle on :
But Will doesn't stop there:
will Member
Member Rated: posted June 12, 2004 18:18 -------------------------------------------------------------------------------- knee-hi-boot-gurl: Someone can come here with a signed note from Jesus telling me to sell , and I wouldn't pay any attention to it. I have made up my mind this is either going to go to the .XX in the next few months, or be worthless, or stagering around in the .00X's. Makes no difference at this point. Keep this in mind, read the company's PR's and base your decision on that, not some halfassed, ambigous comment design to unerve you. I don't care who makes the comment stock God, Guru, Superstar...I have made up my mind to make up my OWN mind regarding this one.
Posted by Upside on :
Will directed that post at me? He sounds angry. Did I ever reply to him?
Posted by legaleagle on :
And of course here is that self-serving devilish pumper post from Debi, using the starving children to fullfill her lust for CMKX pumping profits:
WWJD-thru-me Member
Member Rated: posted June 11, 2004 07:12 -------------------------------------------------------------------------------- Ali-Great post as usual. I love Habitat for Humanity. There are so many good charities. I hope lots of them benefit from a little of the new found wealth of the multitudes of CMKX investors. My favorite is World Vision. The Hope Child project helps communities in Africa that are being destroyed by AIDS. In Lesotho where one of my friends just returned from 1 out of 3 people in the whole county has AIDS. You can visit www.WorldVision.org to find out more. I want to be a philanthropist when CMKX grows up. I am excited by all the possibilities. God Bless, IMO-DD-GLTA-Debi
Posted by legaleagle on :
quote:Originally posted by Upside: Will directed that post at me? He sounds angry. Did I ever reply to him?
Yes, you did Up, with your usual common sense approach.
Posted by legaleagle on :
And of course I don't want bill to feel left out so I brought one of his "rebel" conspiracy posts back from his youth of 10 months ago:
bill1352 Member
Member Rated: posted June 15, 2004 21:05 -------------------------------------------------------------------------------- just a thought but in a number of posts it was infered the UC might want to go private... by doing the audit he can get all of us a very nice chunk of change (maybe not millions but...) from the MM's behinds. now if you wanted to go private would you want anyone to find the mother load? the truth is nobody really know what or how much is in the ground CMKX has rights too. it takes a long time to find & then mine anything in the ground. over night millionaires only happen in the lottery. my only concern is DEbeers they have been at the diamond game longer then anyone. they think they own every diamond on this earth and they have the money & knowledge to make that almost true. a yr or 2 from now maybe some of us will be millionaires from CMKX or maybe we will just be part of the b**t kicking of a few M&M's either way the ride might just be fun.
Posted by legaleagle on :
And the famous pharmdman post:
pharmdman Member
Rate Member posted June 20, 2004 22:02 -------------------------------------------------------------------------------- Wallace, I don't know how you'd know anything about how valuable some has or has not been, since last month you didn't even know what an MM was, who NITE & JEFF were, or how an L2 worked. But suddenly, you're an expert on who is the most valuable and trusted on here? There are many people on here that are willing to help others and offer sound advice; not just one person. And the person to whom you refer left many people hanging with a shady, and still, unexplained post. I have nothing personally against him, but I believe that he did everyone a disservice. Therefore, I do not trust him. I can't help but wonder how you know so much about him. Either you're new and gullable to believe everything you hear about someone, or you're pretending to be new and you accidentally tipped your hand
Posted by legaleagle on :
quote:Originally posted by Upside: I'm going with demand. A billion is a light trading day, people are hesitant to buy and the few that do are paying fair value, in my opinion.
Yeah, the MMs think it is fair value. How many retail traders can buy it with the brokerages shutting them down.
Posted by Upside on :
Yep, just as I thought, all my fellow bashers were at one time on the other side. It took the unwavering conviction of good old Upside to show them the light. No need for thanks boys, just doing my job!
Posted by Upside on :
originally posted by legaleagle:
quote:Yeah, the MMs think it is fair value. How many retail traders can buy it with the brokerages shutting them down.
I know you can't buy through Ameritrade. Is there a list anywhere of who is and who's not allowing buys?
Posted by legaleagle on :
quote:Originally posted by Upside: originally posted by legaleagle:
quote:Yeah, the MMs think it is fair value. How many retail traders can buy it with the brokerages shutting them down.
I know you can't buy through Ameritrade. Is there a list anywhere of who is and who's not allowing buys?
I've been trying to compile one Up, but they keep changing their policies almost daily. Etrade has been on both sides of this policy question at least twice. Since brokerage policy seems to be being determined by the MMs it will probably continue to fluctuate as the need arises.
I think that it is so funny that Ameritrade is claiming to be enforcing this policy to protect shareholders, yet allow open buying on MLON.
Posted by ed19363 on :
So according to that PR, they have until May 10 to come up with some numbers. What exactly is on a 12g anyway...never heard of that one.
Posted by Doctoall on :
Thats the difference between CMKX and MLON, guys will always but MLON's
Etrade will not allow any buys or sells today also no buys or sells for USCI.
Posted by legaleagle on :
At the risk of irritating some, here is a little DD on CIM, Casavant International Mining Inc., from the Nev SOS. CIM shares Authorized, set at 500 billion and par value of $500,000,000.00 Hmmm that's mighty close to the CMKX OS, isn't it. Hang onto those divy shares folks.
Resident Agent Change Document Number: 20050115425-85 # of Pages: 1 File Date: 04/08/2005 Effective Date: (No Notes for this action)
Action Type: Amendment Document Number: C1291-2003-006 # of Pages: 1 File Date: 10/20/2004 Effective Date: CAPITAL STOCK WAS 25,000,000 SHARES @ .001= $25,000 MDC CERTIFICATE OF AMENDMENT FILED AMENDING THE AUTHORIZED SHARES & THE ACTUAL STOCK IS: 500,000,000,000 SHARES @ .001= $500,000,000. 1 PG. ($35,000) MDC
Action Type: Amended List Document Number: C1291-2003-003 # of Pages: 1 File Date: 07/23/2004 Effective Date: (No Notes for this action)
Action Type: Resident Agent Change Document Number: C1291-2003-005 # of Pages: 1 File Date: 04/22/2004 Effective Date: NEVADA CORPORATE HEADQUARTERS, INC. P O BOX 27740 LAS VEGAS NV 89126 KAB
Action Type: Annual List Document Number: C1291-2003-002 # of Pages: 1 File Date: 04/21/2004 Effective Date: List of Officers for 2004 to 2005
Action Type: Resident Agent Resignation Document Number: C1291-2003-004 # of Pages: 1 File Date: 02/20/2004 Effective Date: NEVADA CORPORATE HEADQUARTERS, INC. P O BOX 27740 LAS VEGAS NV 89126 RAA
Action Type: Articles of Incorporation Document Number: C1291-2003-001 # of Pages: 5 File Date: 01/21/2003 Effective Date: (No Notes for this action)
[ April 15, 2005, 16:36: Message edited by: legaleagle ]
Posted by Upside on :
What about SGGM? They have a paltry 900 billion a/s. That might be a good one too.
Posted by will on :
Things change, legal.
Posted by Upside on :
Yeah, things change Will, when you have the right coach. Apparently you did.
Posted by will on :
The POS was running, I was intoxicated with greed. LOL Wish I knew then what I know now.
Posted by legaleagle on :
Yes they have will. We just have to decide if it was for the better or not.
Posted by will on :
Now I would have to say, NOT!
Posted by legaleagle on :
quote:Originally posted by Upside: What about SGGM? They have a paltry 900 billion a/s. That might be a good one too.
Watch for both to come into play, along with AZTM.
Posted by Upside on :
Originally posted by Will:
quote:The POS was running, I was intoxicated with greed. LOL Wish I knew then what I know now.
Well, all I can say is that when the next highly suspect stock comes along and you want to know now what you will know then, remember one word. Upside.
Posted by Upside on :
Originally posted by legaleagle:
quote:Watch for both to come into play, along with AZTM.
I almost hate to ask this but, any idea of AZTM's a/s?
Posted by bill1352 on :
legel as most everyone that has been in this thread for about 1 yr knows at 1 time i had hope. it ended the day i called the nevada state board & got the news first hand the o/s was raised from 500 billion to 800 billion. there is only 1 reason to do that, dilution. my hopes had already started to dwindle when joel got the news from the t/a that the o/s was 400 billion because i knew if that was true it was over. when the divy split numbers came out it was over. first, no company can support a 779 billion o/s. second, no mm is going to get caught short with a 779 billion o/s. all hopes that 1 day cmkx might bring me a great payday were flushed. i did hold till i got the divys just in case that 1 day they might have value. when ameritrade told me how the supposed 2 divys for gemm worked & pointed out the small print in the OTC & Penny divy reports i sold. any company that would play word games to scam its investers out of a divy will never do them right period.
Posted by bill1352 on :
lmao..upside, how could you even ask...lol i will say there is no solid connection between aztm & cmkx except stock scam ed but ya never know.
Posted by Upside on :
Originally posted by bill1352:
quote:my hopes had already started to dwindle when joel got the news from the t/a that the o/s was 400 billion because i knew if that was true it was over.
Everyone felt the same way then, believer or not. Now however, if word comes out that the FLOAT is 400 billion, people will be partying in the street. Things really do change.
Posted by bill1352 on :
AZTM....Outstanding Shares: 97,000,000 as of 2005-01-01
Estimated Market Cap: Not Available Authorized Shares: 750,000,000 as of 2005-01-31
Posted by bill1352 on :
that i think ends all discusion on if aztm & cmkx are mixed up together. if you add the way pr's are done as in including real info like claim numbers & posibble finds on those claims you would have to come to the "reasonable opinion" that there is no way AZTM would want anything to do with CMKX
Posted by Wallace#1 on :
Geeessssuuuussss!!! Legal has flipped out! Gone over the edge! He wasted all that time going back to dig up any "negative" information he could find. Very impressive, legal! That your idea of DD as opposed to stupidity?
I won't go back, but do remember when you did not know the difference between various dividend dates....x-date, record date, effective date, pay date. I also remember you stating that "pro-forma" means 1 to 1. Guess you overlooked your own posts, huh? You certainly were being selective with all those posts. Again, diversion and distortion!! Is that how you got people to confess when you were a cop? Man, you must have arrested some pretty stupid ones.
How about, you legal (aka noahltl), providing information in enough detail to allow someone to find out your real name is JB (Would you like me to spell it out?) How about your intelligent precinct buddies adding to the information you gave that poster?
How about my unconditional one time offer to bury the hatchet and your conditional response (which hedged and was, in effect, a refusal).
I see YOUR so-called Christian ethic has come to the forefront of your mind. GLTY
Posted by legaleagle on :
Bill, just for you, I went and got noah's early DD report on AZTM. This preceded their filings showing Nevada Minerals and Ed Dhonau's ownership.
AZTM - CMKX ARE WE TIED AT THE HIP
After my interview with Scott Tobia of AZTM, I went away with nearly as many questions about AZTM as I started the session with. He was a nice guy, seemed dedicated to his business and eager to get on with it. He denied having anything to do with CMKX, CMKX.com, Urban Casavant, and Ed Dhonau. And he reufsed to comment on the Carolyn Pipe. I just wasn't sastisfied that I had the whole picture, so I kept on with my DD.
Here is what I have been able to compile so far on the links and connections with our CMKX.
I BELIEVE THAT SCOTT TOBIA OF AZTM IS MORE CLOSELY LINKED WITH CMKX THAN HE WAS WILLING TO ADMIT. HE HAS BEEN LINKED TO THE CMKX.COM WEBSITE THAT WAS OFFERED FOR SALE BACK IN THE SPRING. HE IS CLEARLY LISTED AS THE OWNER ON THE DOMAIN REGISTRATION.
THE AZTM CORPORATE WEBSITE WAS DESIGNED BY BLACK SHEEP DESIGN GROUP WHICH IS OWNED BY JASON E DHONAU, ED DHONAU'S SON, WHO ALSO RECENTLY TOOK OVER AS WEBDESIGNER FOR THE CMKX OFFICIAL SITE.
AND THE RESIDENT AGENT IN VEGAS, FOR AZTM IS STEVENSON MANAGEMENT GROUP, INC. THIS RA LISTS THE SAME ADDRESS THAT AZTM USED AS IT'S PRINCIPAL OFFICE IN A RESIDENTIAL APARTMENT BUILDING IN VEGAS.
STEVENSON MANAGEMENT GROUP, INC. IS OWNED BY SHAWN F HACKMAN, WHO HOLDS VARIOUS BUSINESSES IN NV WITH JOHN E. (ED) DHONAU, PRESIDENT OF NEVADA MINERALS. FOR A DESCRIPTION OF THE INTRICACIES INVOLVING ED DHONAU WITH CMKX http://www.stockpatrol.com/article/key/u_cmkm4
AND FINALLY TOPOGIGIO5's POST THIS WEEK ABOUT AZTM HAVING CONTROL OF THE CAROLYN PIPE.
******************************************************** DD AND RESEARCH
HOW DID ALL OF THIS START? AND WHY ARE WE WATCHING AZTM
In this post, topogigio5 stated that he had found the Carolyn Pipe and that AZTM had it now.
"ATTN EVERYONE! I have located the Carolyn pipe...It now belongs to a company called Aztec mining(AZTM)...from what I hear it will start trading tomorrow morning...I also hear that AZTM has other valuable claims in Canada and the U.S....the word on the street is that it will open @ .05 to .10 cents and hit the dollars very quickly...I plan on jumping into AZTM with both feet...what you choose to do with this information is soley up to you...and if you see me at the CMKX hospitality tent this year you owe me a beer."
This post launched me on my DD quest concerning the company, since the "Carolyn" and it's disposition has been so integral to our investment.
"Aztec Mining Corporation is a company that is actively involved in the exploration and mining of precious metals. AZTM currently has a property in the Bowser Creek area of Alaska that in tests by the US Government have shown substantial surface metals."
Info contained at that site was about all that was known of this company before.
The sites listed at the website, WIN 64 and WIN 65 were sold in April 2004, apparently to AZTM:
ON FEBRUARY 7, AT 12:30 E.T. I SPOKE PERSONALLY TO BARRY MURRAY, THE FORMER OWNER OF THE BOWSER CREEK CLAIMS WHO STATED THAT IT WAS PART OF THE CONTRACT OF SALE, THAT HE NOT SPEAK TO ANYONE RELATIVE TO THE SALE.
WHO IS SCOTT TOBIA? Not much is known about the individual. He first came on the CMKX scene when his name was listed as the seller of the CMKX.com website.
Posted by: CMKXstockman In reply to: None Date:5/9/2004 11:38:25 AM Post #of 135785
CMKX.COM for sale by owner
Does anyone want to purchase CMKX.COM not often is a ticker symbol for a stock up for sale. Dont care if it is a long or a basher that buys it. email offers to insideroffshore@aol.com offered it to melvin and co but recieved no response. I would think the company would want it just to keep bashers from having it. Would have even accepted stock instead of cash but thats the way it goes. just email offers to me
And the Domain registration for CMKX.com : Domain: CMKX.COM Registrant/Owner: 000-..15460 a1427 w 86th st #151 indianapolis in, 46250 US Administrative Contact: 000-..15460 scott tobia 1427 w 86th st #151 indianapolis in, 46250 US +1.3174591954 This is only important because it links Scott to a personal interest in the company, as far back as May, 2004. And during our interview, he denied any connection to the CMKX sale ad. Why? NOTE: the address 1427 W. 86th St, #151 Indpls, IN and the phone number. It appears in some of his Corporate registrations for AZTM and other companies.
WHAT ARE HIS BUSINESS CONNECTIONS?
Search Results 1 - 8 of 8 search results
Officer Name Officer Type Corporation Name SCOTT TOBIA President AZTEC MINING CORP. SCOTT TOBIA Secretary AZTEC MINING CORP. SCOTT TOBIA Treasurer AZTEC MINING CORP. SCOTT TOBIA Treasurer AZTEC MINING CORP. SCOTT TOBIA President KITTYHAWK HOLDINGS SCOTT TOBIA Secretary KITTYHAWK HOLDINGS SCOTT TOBIA Treasurer KITTYHAWK HOLDINGS SCOTT TOBIA President EASTON INVESTMENTS
Address of listing for Kittyhawk. Resident Agent: STEVENSON MANAGEMENT GROUP, INC. address 9750 PEACEWAY #2090 Same residential apartment address as for Aztec Minining Corp.
Address of Easton Investments: Still listed as RA: STEVENSON MANAGEMENT GROUP, INC. address 9750 PEACEWAY #2090 Scott Tobia listing his address as 3815 RIVER CROSSING PKWY SUITE 100 INDIANAPOLIS IN the current address of AZTM
SO WHO IS THIS STEVENSON MANAGEMENT GROUP, INC.?
President - SHAWN F HACKMAN Address 1: 9750 PEACE WAY #2090 Address 2: City: LAS VEGAS State: NV Zip: 89147 Country: Status: Active Email:
SHAWN F HACKMAN IS AN OFFICER IN MANY NEVADA CORPORATIONS WITH JOHN "ED" DHONAU, INCLUDING: HORIZON PRIME, INC; RED BLUFF CORPORATION; SILVER STREAM CORP; WESTERN SKY, INC; S.F.H. HOLDINGS, I INC; AND S.F.H. HOLDINGS, II INC;
ADDRESS: 1427 W. 86TH ST. INDPLS. IN MAILBOXES ETC. BOX This address first came to light when CMKX.com, the website, was placed on sale in an ad circulated around the message boards.
ADDRESS: 3815 RIVER CROSSING PKWY INDPLS. IN (317) 566-2169 ACTUAL OFFICE OF AZTM (TEMP OFFICE) "ONE RIVER CROSS BLDG."
Their a/s is now up to 1.5 billion and has grown at a rapid clip. Kind of looks like anyone who buys AZTM just might get CMKX'ed.
Posted by Wallace#1 on :
Yes, Up, and connections to another shady character, huh?
quote:Originally posted by Wallace#1: Geeessssuuuussss!!! Legal has flipped out! Gone over the edge! He wasted all that time going back to dig up any "negative" information he could find. Very impressive, legal! That your idea of DD as opposed to stupidity?
I won't go back, but do remember when you did not know the difference between various dividend dates....x-date, record date, effective date, pay date. I also remember you stating that "pro-forma" means 1 to 1. Guess you overlooked your own posts, huh? You certainly were being selective with all those posts. Again, diversion and distortion!! Is that how you got people to confess when you were a cop? Man, you must have arrested some pretty stupid ones.
How about, you legal (aka noahltl), providing information in enough detail to allow someone to find out your real name is JB (Would you like me to spell it out?) How about your intelligent precinct buddies adding to the information you gave that poster?
How about my unconditional one time offer to bury the hatchet and your conditional response (which hedged and was, in effect, a refusal).
I see YOUR so-called Christian ethic has come to the forefront of your mind. GLTY
We'll just let folks figure out for themselves who you are, and what you do, or attempt to do, here.
"JB (Would you like me to spell it out?)" Go ahead "tough guy", it's back in the threads anyway. I don't have anything to be ashamed of, or afraid of. You are really stooping low now and reaching that "breaking point" you used to reach all the time.
And the "stalker" who did his DD on me, and called the PD? They had to give out information on former officers because it is public information, but they also traced his call and we have his name, et alia.
" I see YOUR so-called Christian ethic has come to the forefront of your mind."
It stays there Wallace. "Do not yoke yourselves with unbelievers."
Posted by will on :
..and that's no yoke!
Posted by Upside on :
yuk yuk yuk.
Posted by legaleagle on :
quote:Originally posted by Wallace#1: Yes, Up, and connections to another shady character, huh?
Ya see, over at CT, people get all sides of the story. Good with the bad. But don't forget what I told you in an earlier post about Hackman turning state's evidence.
Posted by legaleagle on :
CMKX Members Association is International now:
Member Statistics Country Members Reported Shares Bangladesh 1 43,500,000 Belgium 23 852,756,000 Benin 1 325,000,000 Bermuda 1 19,000,000 Brazil 1 500,000 Brunei 1 5,000,000 Canada 119 5,730,119,248 Ecuador 1 10,000,000 Estonia 1 630,000 France 1 180,000,000 Germany 2 17,470,340 Holland 1 15,500,000 Hong Kong 1 10,924,200 Israel 4 265,300,000 Jamaica 1 100,000,000 Kuwait 2 212,188,500 Luxembourg 4 150,000,000 Netherlands 5 499,000,000 Peoples Republic of China 1 10,000,000 Republic of Ireland 1 22,833,333 Saudi Arabia 3 1,888,000,000 Singapore 1 6,300,000 Spain 13 416,650,000 St. Lucia 2 97,000,000 Switzerland 8 349,370,000 United Arab Emirates 1 60,000,000 United Kingdom 1 25,000,000 USA 1011 58,412,014,948 Totals 1212 69,724,056,569
Goes to show you, there are more idiots in the USA than anywhere else in the world.
Posted by Wallace#1 on :
Ed,
You asked about Section 12(g). It's a section of the Securities Exchange Act of 1934. I have posted it below in part, the balance of the subsection refers to exemptions, etc.:
Registration of securities by issuer; exemptions
Every issuer which is engaged in interstate commerce, or in a business affecting interstate commerce, or whose securities are traded by use of the mails or any means or instrumentality of interstate commerce shall--
within one hundred and twenty days after the last day of its first fiscal year ended after July 1, 1964, on which the issuer has total assets exceeding $1,000,000 and a class of equity security (other than an exempted security) held of record by seven hundred and fifty or more persons; and
within one hundred and twenty days after the last day of its first fiscal year ended after two years from July 1, 1964, on which the issuer has total assets exceeding $1,000,000 and a class of equity security (other than an exempted security) held of record by five hundred or more but less than seven hundred and fifty persons,
register such security by filing with the Commission a registration statement (and such copies thereof as the Commission may require) with respect to such security containing such information and documents as the Commission may specify comparable to that which is required in an application to register a security pursuant to subsection (b) of this section. Each such registration statement shall become effective sixty days after filing with the Commission or within such shorter period as the Commission may direct. Until such registration statement becomes effective it shall not be deemed filed for the purposes of section 18. Any issuer may register any class of equity security not required to be registered by filing a registration statement pursuant to the provisions of this paragraph. The Commission is authorized to extend the date upon which any issuer or class of issuers is required to register a security pursuant to the provisions of this paragraph.
Please note that the above has been a requirement at least since the timing specified above. Yet neither UC nor any of his legal or financial people knew about it? That's why they filed in the first place! That's why they claimed not to be required to file in the second place!
Posted by dwman on :
Sorry, I noticed the above was already posted.
Posted by drgnfly on :
Did you read this about WILLY.LOL « Thread started on: Today at 7:43pm » Willy causing problems for Citigroup? others? by Tenisha Brown Wednesday, April 13, 2005
One would think that Willy Wizard a.k.a Hal Engel, a.k.a. Harold Engel, Jr., is very pro CMKM Diamonds. Recently in what some think are staged pump sessions in his Paltalk chat room, appropriately titled, "***********'s Underground."
Recently he has been hosting a session with a user named "accadacca." While in the room, "accadacca" talks about a supposed buyout rumor of CMKM Diamonds from Citigroup. "Accadacca" states some vague rumor from his brother in law who he states is employed by Citigroup at their office in Chicago. "Acadacca" claims he has hired legal counsel who has cleared him to talk about this without any worries of insider trading or full disclosure violations on his or his brother in laws behalf. Yet when asked for details relating to the supposed buyout, he states his lawyer has advised him not to speak. He simply states, "that's a very good question. No comment." Yet when queried about Citigroups supposed buyout of CMKM Diamonds, a pink sheet company he states it will happen and soon. He states he is not sure of the price per share of the buyout offer but thinks it is around 20 cents. Not bad for a stock currently trading at .0001. Engel appears to the author to be supporting "accadacca" as he has kicked members out of the Paltalk room who have raised arguments against the supposed buyout.
It's odd that Engel supports this rumor so much still even though Citigroup itself refuted it through a press release posted on their website. It is sad that a large corporation should have to waste time refuting such a rumor based on such a source. http://www.smithbarney.com/career_center/our_company/press_releases/ar chive/pr040805.html
They most likely refuted the rumor due to NYSE rule 435. Even after the refutation by Citigroup, Engel continued to state that "Accadacca" seems believable. Engel even went as far as to say that he had been running "voice recognition" on "accadacca." He even posted the results to his Yahoo newsgroup. The post by Engel is at the bottom of this article, including the supposed results.
Engel systematically allows the booting and banning of users of the room who seem to have a different opinion than Engel or his administrators. Any arguments to the rumor are quickly quashed in this manner. It seems to the author that Engel is attempting to keep buying and holding pressure up for some unknown reason. The author can't quite figure out why someone would want to do this for a company who recently had administrative proceeding brought against it by the SEC division of enforcement.
The disclaimer on the room states that Engel owns 921 million shares of CMKX since as far back as March 19th, 2005. His share count has gone down since late 2004, when Engel held approximately 1 billion shares.
During the apparent sell off of his shares, Engel never disclosed his intent to sell on the disclaimer on his site. The site disclaimer does however read, "This writer/owner does reserve the right to trade in and out of securities he holds, sometimes daily and sometimes multiple times per day. Therefore the actual listed share amounts held could be less then listed within this profile disclaimer."
The SEC has stated previously that these type of disclaimers are materially misleading as to the real trading intent of the authors. (see SEC Release No. 42483 / March 2, 2000 : http://www.sec.gov/litigation/admin/34-42483.htm)
Engel has stated in the past that CMKX was ready to explode, ready to rumble, and that "the whales were coming." In apparent reference to institutional investors.
Random fact: Scalping is when a stock tout recommends a buy or hold at which time they sell.
One would think that the SEC might step in and investigate possible scalping scenarios that have become so prevalent by use of the internet and press releases. Unsuspecting investors can suffer when someone "pumps" a stock while they are selling.
Back on the topic of protection of unexperienced investers, the unprotected investors who are lead into his Paltalk room on the direction of his press releases are in for a real treat. Once in the room, they are subjected to name calling, racism, and womanizing as reported on numerous message boards throughout the internet. This comes not only by the other users, but by the administrators handpicked by Engel. Some users have stated that the most despicable of room administrators carries the user ID of "oogie". At one point when a common user disagreed with a rumor supported by Engel, "Oogie" told the user to, "go over to that black person's" room," referring to a more popular, larger stock chat room whose administrator is an African-American.
Why hasn't Paltalk shut down this room carrying a "G-rating?"
As of the time of writing, the disclaimer on his website includes four stocks. The disclaimer on his paltalk room only includes one stock that Engel was compensated to pump from the issuer, yet he still pumps the other three without a proper disclosure available to users of the chat room.
The SEC has brought proceedings against others for violations of Section 17(b) in which touts are compensated to pump from the issuer, yet not providing the required disclosure of the amount of shares received as compensation.
The author wonders if these rumors are causing problems for Citigroup and for the smaller companies involved.
Message: 13 Date: Mon, 11 Apr 2005 21:19:46 -0000 From: ***********2 Subject: This stays at the clubor I will bounce whomever posts it somehwre else
> 'Excited' samples : (4%) > 'Stressed' samples : (23%) > 'Uncertain' samples : (13%) > 'Voice Manipulation' samples : (0%) > 'Outsmarting' samples : (0%) ------------------------------- > 'Intensive Thinking' samples : (21%) ------------------------------- > 'Inaccuracy' samples : (4%) > 'False Statement' samples : (0%) ------------------------------- >> Suggested analysis: The subject was not excited during the conversation. The subject was stressed in some parts of the conversation. The subject was uncertain about many things he said.
According to the results the subject spoke truth. --------------------- The subject was found reliable.
Have information you would like to be let known about pumpers, dumpers, or bashers? Please e-mail admin@failtodeliver.com.
Information about Harold Engel, Junior, a.k.a Hal Engel, a.k.a Willy Wizard's previous violation of SEC rules can be found here:
I guess someone believes noah's crap. Zapped again.
drgnfly, I think that's been posted twice already.
Posted by legaleagle on :
Hey, Urban, Ron and Carolyn just stopped in Sterling's Classroom to say HI from the races. Seriously got on someones laptop and spoke quickly. Said hello, everythings fine. Keep the faith.
Posted by bullish_pennystocks on :
I was In willy's room when UC,Ron,Michael Williams,Ed Donaheu came and said hi..
Ed said excellent newa soon.
Posted by ed19363 on :
Yeah, Elvis was on one of the boards too, said to keep buying records.
Posted by bill1352 on :
well just caught up on what i missed...not much i see...lol. legel you put a lot of effort into that AZTM stuff. i commend you for that. a guy trys to sell the CMKX.cm registration, bet he had 100 others to sell also does that mean he is connected to them too? it was a good quick cash play a few yrs ago. the first guy to think of it did very well. 2 mining companies in nevada using the same companies for differant services, what are the chances of that happening??? wanna bet a few other mining companies also use those same companies services?? must mean all are connected. it couldn't mean that a company that found business from 1 company in the mining field went to solicite other companies in that same field. that never happens. i'm not saying they aren't connected but to date there is no reason to think they are. i will add 1 thing you can pass on to the cult that you missed. i would not call it reasonable opinion, its more of a I wonder why. the lawsuit against AZTM includes both canadian companies but not USCA or CMKX. i'm betting this has more to do with the fact they know those claims are worthless. they are much deeper in bed with each other & CMKX got the results from those samples that were tested. & CMKX was not the first company to explore those claims for diamonds. if any of those samples were promising the claims would not have been allowed to lapse in the first place. in fact CMKX would have never had a chance at those claims.
Posted by legaleagle on :
bill, if the Carolyn were not valuable, Rick Walker would have known that quicker than anyone because he was the site supervising JV partner. If no value, why fight an expensive court battler over it? Why pay Spelliscy $15,000 to stand the line to reclaim it? (That is in documents submitted to the court)
Yes it was sampled before with no results. But as you probably know, you can move a drill 10 feet to the left and hit the "motherlode".
And BTW,USCA wasn't in on this one. United Carina, Shane Rsources, Consolidated Pine Channel and CMKX were the joint venture partners.
Posted by Wallace#1 on :
Hey guys, another hit on my stars. That makes 4 zaps now. LOL Think I should start turning the other cheek?
Posted by Wallace#1 on :
legal wrote:
" if the Carolyn were not valuable, Rick Walker would have known that quicker than anyone because he was the site supervising JV partner." SPECULATION!!! "If no value, why fight an expensive court battler over it?" SPECULATION!!! "Why pay Spelliscy $15,000 to stand the line to reclaim it? (That is in documents submitted to the court)" SPECULATION!!! "But as you probably know, you can move a drill 10 feet to the left and hit the "motherlode"." SPECULATION!!!
So much for DD.
Posted by ed19363 on :
Wallace, thanks for the 12g info. Maybe I should memorize the whole thing? NOT
Posted by will on :
It's not speculation it is "reasoned opinion" !! I'm not going to tell you again, pal, now get it right. "reasoned opinion" ranks right there with factual DD, don't you know that?
Posted by Wallace#1 on :
Sorry, Will. How about "reasoned speculation"?
Posted by legaleagle on :
quote:Originally posted by Wallace#1: legal wrote:
" if the Carolyn were not valuable, Rick Walker would have known that quicker than anyone because he was the site supervising JV partner." SPECULATION!!! "If no value, why fight an expensive court battler over it?" SPECULATION!!! "Why pay Spelliscy $15,000 to stand the line to reclaim it? (That is in documents submitted to the court)" SPECULATION!!! "But as you probably know, you can move a drill 10 feet to the left and hit the "motherlode"." SPECULATION!!!
So much for DD.
How is it speculation that Rick Walker was the supervising JV partner? It was PR'd. So why would it be speculation to think that the supervisor was the first to know what was happening?
How is it speculation to think that a court fight costs good money?
How is it speculation to know that Walker paid $15,000 to Spelliscy? As I stated right in there, it is in the documents submitted to the court. If you like, I can post the document here for you and others who don't do your own DD.
How is it speculation to think that you can move a drill and get a different result?
Wallace I know you are desperate to prove me wrong on something because you want this board to return to being your own personal little classroom of negativism. But sorry, ain't gonna happen. And others are beginning to see you for what you really are, through these inane posts you are writing. Maybe that's why your "stars" are disappearing, which seems to be the only comments that you are getting right.
Posted by Wallace#1 on :
legal, obviously you never learned how to read a sentence. Try reading your sentences as you write them. Re the stars, soon I might be down to your level. The difference is, mine will grow back, unlike yours and those of your cult folks.
Posted by Wallace#1 on :
Geeezzzz, and I even turned the other cheek! I knew he would come to kiss it!!! LOL Bring any silver?
Must be in your pockets.
Bet you've been doing some heavy duty praying to get all your sins forgiven. Easy for you, huh? Then you can turn around and sin again? Got news for you legal. I wouldn't touch your kind of religion with a 10 foot pole.
Posted by imakmony2005 on :
BEATING A DEAD HORSE...........
Posted by Wallace#1 on :
You are right, imakmony, but the damn fool horse keeps kicking even after he's been dead for months. Ever see a chicken run around with it's head cut off? They do that too.
Posted by imakmony2005 on :
HA HA thats good.shoot the dam thing.
Posted by legaleagle on :
quote:Originally posted by Wallace#1: Geeezzzz, and I even turned the other cheek! I knew he would come to kiss it!!! LOL Bring any silver?
Must be in your pockets.
Bet you've been doing some heavy duty praying to get all your sins forgiven. Easy for you, huh? Then you can turn around and sin again? Got news for you legal. I wouldn't touch your kind of religion with a 10 foot pole.
Back on the faith thing, huh? Personal attack, Faith attack, Personal attach, Faith attack........ Sort of monotonus and redundant. And you may be surprised to know that I don't care much for religion.
Posted by legaleagle on :
Double posted somehow.
Posted by legaleagle on :
quote:Originally posted by Wallace#1: legal, obviously you never learned how to read a sentence. Try reading your sentences as you write them. Re the stars, soon I might be down to your level. The difference is, mine will grow back, unlike yours and those of your cult folks.
Wallace are you a school marm now?
Posted by Doctoall on :
quote:Originally posted by bullish_pennystocks: I was In willy's room when UC,Ron,Michael Williams,Ed Donaheu came and said hi..
Ed said excellent newa soon.
Yea the mortgage is due on the new house, need more suckers to buy shares Posted by Doctoall on :
quote:Originally posted by legaleagle: Hey, Urban, Ron and Carolyn just stopped in Sterling's Classroom to say HI from the races. Seriously got on someones laptop and spoke quickly. Said hello, everythings fine. Keep the faith.
What the hell did you expect them to say,"all is doom an gloom we are screwed". Get real Posted by dwman on :
quote:Originally posted by imakmony2005: BEATING A DEAD HORSE...........
Leave Snip alone!!!!
Posted by Wallace#1 on :
legal,
I wasn't going to reply to your insidious nonsense, but was too sorely tempted by your religious example and your abusive intentions.
As per legal, pps. 7 & 8, last Thurs., Apr 13th: "I am a graduate accountant" Well now, isn't that special. And you didn't even know the meaning of "Pro Forma"? That is precisely where the words are commonly used. It is simple, basic 101 level accounting terminology!
Legal proved me correct again. He stated, "His first comments to me were something about not letting something I had said "bite me in the ass"." He could have posted the entire subject to show I was probably correct. I used the word "butt"....he distorted the word "butt" to "ass". CMKX, UC et.al have bitten quite a few of the faithful since that time. Very prophetic of me, old sage that I am. LOL
As far as WWJD-thru-me (aka Debi) is concerned, I overlooked a good number of slights toward me (even after I had sent her several hundred dollars worth of blown glass she claimed to collect-FREE). Then she outright suggested I had not bought shares at .0001 (which I in fact did) and attempted to get others to poll their opinions of like kind. That, for good reason, was the end of her phony friendship as far as I was concerned. I emailed her to that effect in no uncertain terms. That is what I call hypocrisy....among other things such as that that you convey in your posts to me and to others.
And about the ice cream balls, she once told me (in PMs) she does make them. I had also told her I barbeque fantastic spare ribs and make great Japanese tempura. We had talked about her meeting my wife if she ever got back to my area (where she had recently been - within a few miles), and, in the event she did, I would do the cooking. You, however, with your distorted mind, wanted to make something sexual out of our innocent comments.
Now the MM thing you brought up. You conveniently (and distortingly) left out my addressing that at least twice. We, on the Big Board, never thought much of the OCTBB or the PINKS. We never had any need to know how they operated and were never involved with them. Once I realized that the MM functions are much the same as the "specialist" function at the NYSE, I guarantee you, I knew more about how they operated than you ever could. Some were even the same firms or subs of those NYSE firms. You see, I had never previously invested beneath the NYSE and AMEX firms. It is more sport and gambling than investing....a game.
Since you attempted to convey the thought that you are an expert in operational management in your conversation with Tobia, I asked you what was your expertise in operational management and you stated: I won't belabor it, because I have already listed my experience here as a Principal Broker and CEO of my own real estate corporation. I am a graduate accountant and have 20 years experience in fraud, white collar crime and embezzlement investigations. I have taught real estate practice and contract law at the licensing level. Being a RE Broker (self-appointed CEO), a graduate accountant (who didn't know what Pro Form meant), a cop/detective, and a teacher of RE does not qualify as expertise in operational management. Have you any other qualifications? What large operations have you managed? What education in management do you possess? What management consulting firms have you been with where you may have been considered an expert?
Here's more: "That was sort of my dream too, as I run a ministry to the handicapped and disabled in my county, as much as I can in my condition." Obviously, you do not practice what you preach! I am physically handicapped too (probably much more seriously than you), and I wouldn't buy .0001 cent's worth of your demonstrated examples of the gospel. Get off the pulpit. AND JUST TODAY, LEGAL SAID: "And you may be surprised to know that I don't care much for religion." Well, damn, would have fooled me with the ministry bit he posted earlier!
You also said, "I had a lot of time to do that, search the various boards and sources because I am pretty much bound in my chair due to an inablilty to walk very far, and this is something I can do to be productive and help other people who don't have as much time on their hands as I do." Much to do with the sympathy ploy. Yet you could go to Tobia's office (for how long) as stated and you could go somewhere in the county to do so-called ministry work as you stated.
You stated: "I didn't think that a Christian had to be pushed around by bullies. So I stayed, defended my position in my choice of stocks, and defended my faith if attacked." Try to get this through your DD filled mind. No one tried to push Christians around and no one attacked Christianity....just your and other's idea of what true Christianity is and the fact that it has no place on any stock forum when it might sway someone into buying, thinking you or your cohorts could not be 100% wrong since you were pushing it as God ordained. It was you people and your deputies (and you mentioned one - Pharmdman) that pushed things in this direction....just because someone did not happen to agree with your thoughts about CMKX or about bringing religion into stock trading decision-making.
Go peddle your papers, your so-called DD and your spiteful venues to someone else. Just bear in mind if you post anything on this thread that I feel is of questionable merit, I WILL call you on it.
[ April 16, 2005, 20:15: Message edited by: Wallace#1 ]
Posted by Wallace#1 on :
By the way, I missed commenting on this statement by legal two paragraphs up: "...So I stayed..." I guess that's why you stated you all went to the CT thread. Most of us remember you were gone for some time and had not "stayed". That your orignal ID on this thread was "noahltl", that you refused to admit that fact and still refer to noahltl as someone other than yourself. When are you going to start being truthful with yourself and with others?
Posted by legaleagle on :
Wallace I will reply one last time to your post, because you are a sick man and need help. That is becoming more and more obvious, not only to me, but to your friends and supporters here. I will argue all day long on the merits or demerits of CMKX and related. But, once again, I will not be drawn into your childish games anymore. Sentence structure? Sexual innuendo over tempura sauce? The difference between butt and ass? Challenging how I get around with my disability. (BTW it is an electric scooter)
I enjoy arguing stocks with you but you cannot leave it there. You don't know enough about this stock to be able to hold your own, so you constantly go for the personal attack. When it comes back at you, you lose complete control. I don't want to be the one who pushes you over the edge,so I am not going to respond to any more of your personal attacks on me. I will, however pray for you.
BTW I love the Lord as much as anyone in organized religion; but religion leads to death, Faith leads to life.
Posted by legaleagle on :
ksbradley DIAMOND CAPTAIN
member is offline
Making Millionaires in Calgary!!
Gender: Posts: 1469 **Iron BOB---DKE reminder--this week:*** « Thread started on: Today at 4:19pm »
-------------------------------------------------------------------------------- Bob A & Sue Maheu 17 Burnham St South Portland, ME 04106-4246 (207) 899-2815 ------------------------------------------------
The DKE Club of New York is excited to present the remarkable Robert A. Maheu as our guest speaker for our 119th Annual Business Meeting on Wednesday, April 20, 2005. Mr. Maheu will entertain us with his extraordinary, unique and fascinating career. His service includes the Federal Bureau of Investigation; World War II and post war assignments.
In 1954 he founded Robert A. Maheu Associates, a consulting and problem solving firm with an investigative division. His firm represented such clients as Westinghouse, World Tankers, Stavros Niarchos, United Steel Workers of America, Expo-Tech, the C.I.A., Castle Rock Pictures, and Las Vegas Investment Advisors. During his tenure he never lost a case before any regulatory body, or any state, county, city or zoning commission.
His most renowned and fascinating assignment was representing the eccentric Howard Hughes. Robert Maheu represented Howard Hughes personally as well as his many legendary corporations.
"Challenging how I get around with my disability. (BTW it is an electric scooter)"
Big deal! You did post that you are able to walk. You are not the only handicapped person on this thread. I said that before and I say it again. I can barely get into my electric chair to get upstairs, so I don't feel too sorry for you and will not give you all the sympathy you are seeking. Maybe we can compare notes. How much blood are you coughing up?
"Wallace I will reply only to one area of your post, because you are a sick man and need help." SPECULATION!!! INACCURATE CONCLUSION!!!Mighty Christian of you too.
"That is becoming more and more obvious, not only to me, but to your friends and supporters here." SPECULATION!!! And my friends just might be offended by your putting words in their mouths.
"Sentence structure? Sexual innuendo over tempura sauce? The difference between butt and ass?" STUPIDITY!!! You are the one who brought it up in the first place.
"I enjoy arguing stocks with you but you cannot leave it there." SPECULATION!!! INACCURATE CONCLUSION!!!
"You don't know enough about this stock to be able to hold your own, so you constantly go for the personal attack." SPECULATION AND INACCURATE CONCLUSIONS!!!
"I will, however pray for you." LMAO!!! You need it more than I. Repent!!!
"BTW I love the Lord as much as anyone in organized religion; but religion leads to death, Faith leads to life." CONTRADICTIONS AND DOUBLE TALK
[ April 16, 2005, 21:53: Message edited by: Wallace#1 ]
Posted by will on :
Speaking of : "because you are a sick man and need help" Where do you go for help? It has been readily apparent you need some help for a long time now. It's one thing to have convictions about something, but when 99.999999999999...% of the world is saying you should give it up, it's time you do, or seriously consider seeking help. This thing is over, noah. Now reply as legal. LOL !! Like anyone with an ounce of brain matter doesn't know legal and noah are one in the same. I have to laugh when you refer to noah in the third person, that's pretty ridiculous right there. Bringing Christianity into this stock play was also pretty sick. Playing on the hopes of others through Christianity just didn't and doesn't seem like a very Christian thing to do. That's when I knew you were all really sick with this thing.
Posted by Ric on :
Less then 26 hours. Tick Tick Tick
Posted by will on :
Tick Tick Tick ??? Sick Sick Sick !!! Can't believe this jamoke has balls enough to call someone else sick and tell them they need help. He suffers the worse kind of sickness, playing on people's hopes throgh Christianity. jim baker type character.
Posted by Ric on :
I still think its funny how they are trying to use that one case were the company was trying to fix the problaem as CMKX's salvation. Yet they still haven't filed one real filing in all the days they had so how are they going to claim they are working on it. This case is too easy for a Judge. All they ever did was file a few 8-K's about SEC filings, change of address where they aren't located, and Mahue didn't recieve shares, seems hes smarter then I thought. What do you have to hope for. If the company can't even file one financial, not one s-8. Nothing, because if they do then the shareholders will know what has been happening, I think. I can see the spin on a 400 billion float now, lol. What happens when there is no diamonds, gold, platnium, or whatever? Well, seeing from the past I am sure they will see light in that too.
Less then 26 hours till filing deadline. Tick Tick Tick. Makes you want to get sick sick sick.
Posted by will on :
If it has a float of 400 Billion these guys will be celbrating that. Can you imagine being happy over a 400 Billion float? They can't understand how big a number that is. 400 Billion is probably a conservative number too.
Posted by Upside on :
Originally posted by dwman:
quote:Leave Snip alone!!!!
Ahh, good old Snip. The most docile horse ever known to man. The few times in his life that he did get a little riled up, all you had to do was wallop him between the eyes with a shovel and he was back to being gentle, funloving Snip.
Posted by Doctoall on :
Legal I have offered you a referral for psychiatric help, and I strongly suggest that you accept the offer. You post are becoming more psychotic each and every day, not only do you live in a fantasy world with illusions of grandeur, you are one sick puppy. I plea with you get some help before its to late or at least start taking your medication as it was prescribed.
You post have become personal attacks and are of a stalking nature,and that is a very bad sign. Having dreams of success is great but when the line between reality and fantasy become blurred as in your case, it is very dangerous not to seek help.
Wallace is a good friend to many on this board, he means no one any harm and your personal attacks are not welcomed.
Even with Urban being as crooked as he is, I am not sure that he would take any comfort with having you waving the CMKX flag. Frankly your post probably scare him as well.
Consider this a professional consultation coming from one who cares.
Posted by bill1352 on :
i truly wish the christain part of the argument was removed. & wallace is correct it came from the cult side to start. if i remember correct it had to do with UC being a god fearing man & thus would never do the shareholders wrong. the cult then started into how it had to work because they were christain & put their faith in god. if i remember correct wallace was the first to call them on such statement but he wasn't alone. wwjd then started into how she had shares set aside to help starving children around the world. when the cult was first called on not adding that element to a thread about a stock, that it was wrong to state their belief that their investment was protected because of faith in god (which only 1 or 2 did) they turned any comment against such statements into hating christains. at the time I still had hope that cmkx would 1 day pay off but i had to agree with wallace, the most vocal basher in those days (& still a loudmouth..lol). its the same pattern used for anyone that says cmkx is a scam or not ever going to pay off. anyone that has ever used logic, common sence, facts or 1st grade math has been called foolish or stupid or uninformed by the cult. the cmkx cult is like any other type of cult out there, if anyone dares to bring reality into their world they attack. lack of self-esteem, a hopeless belief in themselves & their lives is filled by latching on to something & not allowing anything to loosen their grip onto that object, in this case CMKX. this judge better have a firm grip on the court room or this could be like the manson trial with cult in the courtroom chanting n/s slogans. if UC tatoo's a diamond on his forehead, look out...lol
Posted by Wallace#1 on :
legal,
One last thing about your handicap and comparing notes with me and my handicap. In addition to the coughing up of blood, my doctors (Pulmonary/COPD - emphysema) refused to give me tests for colon cancer because of my extremely limited life expectancy. I was told there was no need for a prostate cancer check because I would die from the emphysema first. I also have a high chance of heart problems.
You are still alive, so live as best you can. If you need a crutch, use it, but do not force that crutch upon others unless you have their permission.
These are reasons I cannot emphathize too much with your efforts to gain sympathy because of your handicap. That's life!!! I brought my problems on myself for smoking so many years and constantly being around/hauling asbestos as a teenager. Just one of those things we cannot go back and change.
PS: Be glad that you do wake up each morning!!
[ April 17, 2005, 11:44: Message edited by: Wallace#1 ]
Posted by legaleagle on :
It doesn't matter how many of the "merry men" try to turn this thread into anything other than analysis and discussion of CMKX and related.........it won't work.
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: It doesn't matter how many of the "merry men" try to turn this thread into anything other than analysis and discussion of CMKX and related.........it won't work.
\********************************************
You and others of the CT forum have certainly done your share of discussing things other than CMKX. "Don't do as I do, do as I say?" Don't you read your own posts and reposts?
Posted by legaleagle on :
legaleagle Member
Rate Member posted April 17, 2005 11:52 -------------------------------------------------------------------------------- It doesn't matter how many of the "merry men" try to turn this thread into anything other than analysis and discussion of CMKX and related.........it won't work.
Posted by legaleagle on :
BASHERS HANDBOOK:
Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't Bash. They try to control the board. True longs may have to confront the Bashers or they will appear to the newbies as being the people with all the information. This is best accomplished by posting positive, well researched data on the company, repetitively, while trying hard not to engage the Bashers in direct repartee.
Lesson 1??: "try to turn this thread into anything other than analysis and discussion of CMKX and related". Now we get the Bashers Handbook for the 30th time? Seems to me I remember you saying you no longer refer to knowledgeable negative posters as "bashers", but call them something else just as negative....something about the CT new tactics.
PS: And, yes, many have noted how often you post now and did so in the past as noahltl.
Posted by Pennies to Dollars on :
quote:Originally posted by Wallace#1: legal,
One last thing about your handicap and comparing notes with me and my handicap. In addition to the coughing up of blood, my doctors (Pulmonary/COPD - emphysema) refused to give me tests for colon cancer because of my extremely limited life expectancy. I was told there was no need for a prostate cancer check because I would die from the emphysema first. I also have a high chance of heart problems.
You are still alive, so live as best you can. If you need a crutch, use it, but do not force that crutch upon others unless you have their permission.
These are reasons I cannot emphathize too much with your efforts to gain sympathy because of your handicap. That's life!!! I brought my problems on myself for smoking so many years and constantly being around/hauling asbestos as a teenager. Just one of those things we cannot go back and change.
PS: Be glad that you do wake up each morning!!
I'm really sorry to hear this. I really hope everything works out okay for you.
Posted by bill1352 on :
legaleagle Member
Rate Member posted April 17, 2005 12:46 -------------------------------------------------------------------------------- BASHERS HANDBOOK:
Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't Bash. They try to control the board. True longs may have to confront the Bashers or they will appear to the newbies as being the people with all the information. This is best accomplished by posting positive, well researched data on the company, repetitively, while trying hard not to engage the Bashers in direct repartee.
Average/Shareholder = 57,488,711
Posted by bill1352 on :
oh boy almost up to 10% there legel...lets see i have 30 million shares & i can get the court procedings emailed as they come in for $25, ok i'm in....i have 5 million shares or less, for $25 you can kiss my azz. i'm betting the number of shareholders in the later catagory has far greater numbers, both in ppl & shares. so legel when that number hits 500 billion then you might be able to make a convincing arguement for cmkx being seriously n/s.
Posted by Wallace#1 on :
Pennies to $$$,
Don't feel sorry. I am resigned to the results and still have my humor. Furthermore, I brought it on myself and have none other to blame.
I hope we can ALL drop the handicapped issue now. It is not important here.
Posted by drgnfly on :
quote:Originally posted by legaleagle: ksbradley DIAMOND CAPTAIN
member is offline
Making Millionaires in Calgary!!
Gender: Posts: 1469 **Iron BOB---DKE reminder--this week:*** « Thread started on: Today at 4:19pm »
-------------------------------------------------------------------------------- Bob A & Sue Maheu 17 Burnham St South Portland, ME 04106-4246 (207) 899-2815 ------------------------------------------------
The DKE Club of New York is excited to present the remarkable Robert A. Maheu as our guest speaker for our 119th Annual Business Meeting on Wednesday, April 20, 2005. Mr. Maheu will entertain us with his extraordinary, unique and fascinating career. His service includes the Federal Bureau of Investigation; World War II and post war assignments.
In 1954 he founded Robert A. Maheu Associates, a consulting and problem solving firm with an investigative division. His firm represented such clients as Westinghouse, World Tankers, Stavros Niarchos, United Steel Workers of America, Expo-Tech, the C.I.A., Castle Rock Pictures, and Las Vegas Investment Advisors. During his tenure he never lost a case before any regulatory body, or any state, county, city or zoning commission.
His most renowned and fascinating assignment was representing the eccentric Howard Hughes. Robert Maheu represented Howard Hughes personally as well as his many legendary corporations.
LOL DKE is a boozer fraternity my little brother is in. The treasurer at the chapter stole all the money and bailed and the frat is on notice for instigating fights on campus. YES DKE IS the same frat that George bush was in and would get hammered on booze and then go drive into someones fence. IF anything is a SCAM it's the DKE frat they charge up on the wazoo on fees and then the officers steal the money.
Posted by drgnfly on :
quote:Originally posted by Wallace#1: legal,
"Challenging how I get around with my disability. (BTW it is an electric scooter)"
Big deal! You did post that you are able to walk. You are not the only handicapped person on this thread. I said that before and I say it again. I can barely get into my electric chair to get upstairs, so I don't feel too sorry for you and will not give you all the sympathy you are seeking. Maybe we can compare notes. How much blood are you coughing up?
"Wallace I will reply only to one area of your post, because you are a sick man and need help." SPECULATION!!! INACCURATE CONCLUSION!!!Mighty Christian of you too.
"That is becoming more and more obvious, not only to me, but to your friends and supporters here." SPECULATION!!! And my friends just might be offended by your putting words in their mouths.
"Sentence structure? Sexual innuendo over tempura sauce? The difference between butt and ass?" STUPIDITY!!! You are the one who brought it up in the first place.
"I enjoy arguing stocks with you but you cannot leave it there." SPECULATION!!! INACCURATE CONCLUSION!!!
"You don't know enough about this stock to be able to hold your own, so you constantly go for the personal attack." SPECULATION AND INACCURATE CONCLUSIONS!!!
"I will, however pray for you." LMAO!!! You need it more than I. Repent!!!
"BTW I love the Lord as much as anyone in organized religion; but religion leads to death, Faith leads to life." CONTRADICTIONS AND DOUBLE TALK
Wait Once and for all is Noahtl and leagle the same person? Or is he mental like bob dole and likes to refer to himself in the 3rd person?
Posted by ed19363 on :
Okay, I'll be 62 next month, am in perfect health, smoke like a chimney, dont drink, and would like to know the following: Did we find diamonds? Did we find gold? Did we find reindeer dung? When are we gonna file? Where are the rest of my divvies? When will the restrictions be lifted on the divvies I already have? What is the A/S? When will the PPS break .0002? Why are we arguing? Why dont we have lives off the boards? What happened to the cabin cruiser I ordered? How come my mortgage and car arent paid off yet? Why is my savings balance NOT in 7-digits left of the decimal? Why is there air? (courtesy of Bill Cosby) Why are we paying an army of lawyers instead of giving something back to the shareholders?
Posted by ed19363 on :
One more: Who stole my 5th star?
Posted by Upside on :
Did we find diamonds? 2 tiny chips with a value of a nickel.
Did we find gold? Doubt it.
Did we find reindeer dung? If it has value, yes.
When are we gonna file? Never
Where are the rest of my divvies? Ask Urban.
When will the restrictions be lifted on the divvies I already have? Never
What is the A/S? 800 billion
When will the PPS break .0002? Never
Why are we arguing? Cause it's fun.
Why dont we have lives off the boards? We do, just nothing to brag about.
What happened to the cabin cruiser I ordered? It's with your divvies.
How come my mortgage and car arent paid off yet? Cause you bought CMKX.
Why is my savings balance NOT in 7-digits left of the decimal? See above answer.
Why is there air? (courtesy of Bill Cosby) Don't know.
Why are we paying an army of lawyers instead of giving something back to the shareholders? Cause Urbans in trouble.
Posted by Ric on :
Why is the share count decreasing. I thought the more shareholders the more shares
When it was 821 shareholders it was 81 billion shares
Now with over 1200 shareholders its 69 biliion shares????????????????
Do they even know?
Posted by Upside on :
One more: Who stole my 5th star?
Not me, I gave you 5 of them a long time ago.
Posted by Ric on :
Ed, I was one 5 star from getting mine back. Was at 4.49 till the other day. The board was hit the other day. Anyone not agreeing with CMKX was givin 1 star. I got 3, 1 stars in a roll.
Posted by Wallace#1 on :
quote:Originally posted by Ric: Ed, I was one 5 star from getting mine back. Was at 4.49 till the other day. The board was hit the other day. Anyone not agreeing with CMKX was givin 1 star. I got 3, 1 stars in a roll.
Yeah, Ed, I got hit 4 times during the same time. Obviously thanks to legal and his whining. I, too, gave you five stars some time ago. Look at it this way - you're a 4 star 62 year old. That's pretty damn good.
Posted by Upside on :
Ok, I know it's taboo to talk about anything other than the mighty CMKX here but, can I tell you about the ribs I just made? Normally we only have them a few times a year but after the rib experience of a couple of weeks ago, I just had to make them again.
I outdid myself. I know, that's hard to believe, but I did. If you like your ribs on the hot and spicy side, do yourself a favor and order a sauce called "Fiesta Green Chilie Habenero Barbeque Sauce" from Salsa Express. Don't let the habeneros fool you, it's hot but not habenero hot. These were far and away the best we've ever had. Man, I love food!
Posted by Wallace#1 on :
Hep Up,
I don't give a damn what they think about side conversations. Do you do more than just the sauce? I do mine w/a quality bbq sauce, soy sauce and minced garlic. Apply thickly. Marinate for at least 1/2 hr. Then grill to liking. Your's sounded great! Looking forward to them this year.
Posted by will on :
Why don't you two go on the food network with Emirel? Maybe he can set you two up with a room between filming sessions. I hear ice cream balls and tempura sauce are good sexual aids. Sorry for the toilet humor, noah. Well, I'm not really sorry.
Posted by Dustoff101 on :
Wallace your candor shows the strength of a man who knows himself..Sometimes the truth of life is painful, and to some bewildering....
My wife says she would hug ya if she could...
You kind old gentleman!!!!!
Posted by Upside on :
Ribs are a two day event for us Wallace. I marinate them overnight in a pan of water and a cup of vinegar. The next day I set the grill on low and cook them for about 3 hours in the water and vinegar then I pull them out and put them on the grill for about 20 minutes, still on low heat and lather them constantly. Never thought about the soy sauce and garlic, that sounds great! I'll try it with the next batch. It'll be an addition to the vinegar marinate.
Posted by Dustoff101 on :
I am the super star of the starless...Let the games begin..I will now bow to your applause !!!
Posted by Upside on :
Just got 5 from me Dust.
Posted by Wallace#1 on :
Up,
What does the vinegar do for them? Mix the sauce, soy sauce and garlic together before marinating for at least half an hour. Then, just as you do, lather constantly on the grill.
Posted by Highwaychild on :
Hey Upman,sounds good.I like to boil my ribs,then slap on the sauce,then the grill.TENDER offer.LOL
Will,you sure it's *ice cream* balls?LOL
Dust,High five!
Posted by Upside on :
The vinegar acts as a tenderizer. It's probably over the top to marinate them in it for a full day but they really are "fall off the bone" tender. You just have to make sure you don't go overboard on the vinegar because it can impart an off flavor if you do and make them too tender. I've had them fall apart in the pan when I added to much.
Posted by Wallace#1 on :
Just realized what the vinegar does. Breaks them down a bit so more tender, right? Acts as a meat tenderizer.
Posted by Upside on :
Ok, we've got Wallace in New Jersey, Highwaychild in I think Georgia?, myself in Wisconsin, who else? Where can we all meet for a rib cook off this summer?
Posted by Wallace#1 on :
You beat me to the reason. How big a pan or how much water per cup of vinegar?
Posted by Wallace#1 on :
Where's Will? He'd have them cooking red just from his eloquent choice of words.
Changed it.
Posted by Upside on :
To be honest I've never measured it. I pick up an aluminum pan at the grocery store about 2" deep x 10" wide x about 15" long maybe? That's a guess because I've been using them for years and just know what i need but I add a cup of vinegar, cut the ribs into half racks, and fill it with water. I'm guessing maybe a half gallon?I'll measure it out next time. I'm only working Monday and Tuesday this week so maybe we'll do it again this week. If we do, I'll p/m you with the exact measurements.
Posted by will on :
Go there, you'll be close to the CMKX offices there. If you can find them. Look in one of those oil changing pits at the auto repair place.
Posted by Upside on :
It's in Reno. Everyone so far is east of the Mississippi. Lets meet at your house Will! You can teach us all how to repel squirrels while we cook!
Posted by bill1352 on :
ok guys...i just have to disagree here. any good down south rib man will tell ya if ya par-boil your ribs ya might as well be serving hot dogs. slow bake after over night marinate then grill with skill & your ribs will give'em a chill.
Posted by Upside on :
come on, we've got some southern boys here, where's Rics recipe? What about Glassman, he's in Mississippi right? He's gotta know how to cook ribs, he knows everything else. Anyone else?
Posted by Wallace#1 on :
Up Have an alum pan about that size. I'd guess it's closer to a gallon.
I doubt if the office is in Reno. I'm willing to bet one of those CTers rented UC a shed in the back yard....w/plenty of duct tape. On second thought, probably gave him use of the shed because he's such a great, upstanding guy.
Posted by Upside on :
Originally posted by Wallace #1:
quote:Up Have an alum pan about that size. I'd guess it's closer to a gallon.
Could be Wallace. If you try it just don't add more than a cup of vinegar. It'll tenderize them fine with an overnight soak. Bill just chimed in too, that's one more for the cook off. Anyone else?
Posted by Wallace#1 on :
"I'd guess it's closer to a gallon."
Thought about that. Has to be incorrect. You are probably close. Wonder if cooking wine would do the same as vinegar.
Posted by Highwaychild on :
Bill,try boiling 'em next time.Good and fast,just like the pennys.Hey, I just put John Boy and Billys BBQ sauce on 'em, grill 'em and... i'm ret ta go.
[ April 17, 2005, 20:42: Message edited by: Highwaychild ]
Posted by Ric on :
I marinate with Soy sauce, worcestershire sauce, and liquid smoke (1/2,1/2,1/4 cup) slow bake for 6 hours. Then coat BQ and slap on grill. The marinade is also great for cheap steaks to give them the extra flavor.
Posted by Doctoall on :
You are all out in left field, the best ribs are right in my kitchen in Cali, and I don't share the recipe, just the finished product Posted by Ric on :
I thought Californians only knew how to cook great Mexican food, lol. Actually thats one things I do miss about living in California was its Mexican resturants.
Posted by Upside on :
Ohh, now we're talking Ric. Liquid smoke. That's gotta be good. We use it on steaks all the time. This is gonna get moved to the off-topic thread pretty soon if we keep it up.
Posted by Upside on :
Come on Doc, share your recipe.
Posted by Doctoall on :
quote:Originally posted by Ric: I thought Californians only knew how to cook great Mexican food, lol. Actually thats one things I do miss about living in California was its Mexican resturants.
Good old Canadian here living the good life in Cali Posted by Ric on :
I hate to break in with OT subject of CMKX, but 3 more hours. Tick Tick Tick
Posted by will on :
No wonder noah isn't around, he's hitting that refresh button on the filing page.
Posted by Ric on :
Wonder how many hits the site got today, lol.
Posted by buckwheatbob on :
I see the CMKX board has finally got something decent to talk about. I have been following this recipe thing and found it to be more interesting than a stock with no taste at all. LOL!
Posted by Upside on :
So come on buckwheat, what's your recipe?
Posted by Doctoall on :
quote:Originally posted by Upside: So come on buckwheat, what's your recipe?
I will have to invite you all over for Ribs at the poolside. But lets not wait for CMKX profits because we will have to puree them Posted by Upside on :
I'm still waiting for dwmans input. Heck, he lives in Texas, the virtual home of barbeque. Come on old timer, what's your recipe?
Posted by will on :
You just don't know when to stop, do you, Upside? You know that squirrel repellent I'm brewing, well I think I'll invite you down to the flatlands and marinate your portion in my repellent. You would probably eat them greedily.
Posted by Ric on :
Now squirrel, thats a whole different animal. Squirrel and rabbit is best to put in pressure cooker smothered in barbi for one hour. It will fall off the bones. HUM HUm good
Don't forget to soak in salt water overnite to get the wild taste out.
Posted by Upside on :
What are you talking about Will? You told me you had a squirrel problem and were coming up with a repelant recipe. What is it?
Posted by Highwaychild on :
And the Got CMKX funny car almost won the entire NHRA event today.Took second in the final round by .013 of a second.
Posted by Ric on :
This is the barbeque Network. Please keep the off topic stuff to a minimum.
Posted by Upside on :
LOL Ric!
Posted by Highwaychild on :
LOL!
Posted by will on :
Well, I started with a gallon jug, three different types of hot sauce, kin to tabasco. Blended in a blender with about 1/2 head of garlic, then added coffee grounds, and have been adding urine to it throughout the day. I'm sure it would make a wonderful squirrel repelent or in your case a BBQ marinade or sauce. YUM ! YUM! I only used the blender for the hot sauce and garlic. The other ingrediants I added after putting the blend in the gallon jug. Figured my wife wouldn't appreciate all the ingrediants in her blender.
quote:Originally posted by Upside: What are you talking about Will? You told me you had a squirrel problem and were coming up with a repelant recipe. What is it?
Posted by Dustoff101 on :
Barbacued Tuba...
1..Tuba 2..beat Tuba to smither-eens 3..place tuba in barbacue 4..add your favorite fish oil 5..stir mixture with torch 6..ignite torch 7..add gasoline 8..whoops
Posted by Upside on :
originally posted by Will:
quote:I'm sure it would make a wonderful squirrel repelent or in your case a BBQ marinade or sauce.
Well, Ill cook them but you're going to be the first one to try them.
Posted by Wallace#1 on :
Let's get back to the topic, guys! How about this:
cmkx
الأخ سعد حفظك الله
أليس الخبر الذي تفضلت بذكره ايجابي ومتوافق مع ما ذكرته سابقا ( ترقبوا
انفجار cmkx بحدود 23/6 ) وفعلا صدقت نزل الخبر لكن ردة فعل السهم
سلبيه حيل اذ نزل لمستوى لو جديد لم يصله من قبل فما
تفسير ذلك ؟ بإنتظار تعليقكم الكريم . Posted by bill1352 on :
wallace, i learned more about cmkx from that last post then 1 yrs worth of company prs...thanks buddy...lol
Posted by Wallace#1 on :
And this:
سهمنا اليوم 0.0001؟؟؟؟؟؟؟؟؟؟؟؟؟؟؟؟؟؟؟؟؟؟؟؟k __________________ الله يرزق ويوفق
But, get this:
امين يارب العالمين الله يسمعك منكم وشكرا لك اخي العبدالي __________________ الله يرزق ويوفق
Posted by Wallace#1 on :
That's enough to p:ss anyone off!!!
Posted by Ric on :
67 minutes
Posted by Wallace#1 on :
This is old information, but some may have forgotten just how important the Carolyn/Smeaton discovery was as well as a comparison to DeBeers' finds:
"That imbalance was ultimately corrected when Mr. Walker's diamond juniors subsequently revealed that the Carolyn core samples were just marginally diamondiferous. One 40.1-kilogram sample had produced two tiny microdiamonds that apparently weighed just 0.000005 carat, a fraction even smaller than CMKM's recent share price.
Meanwhile, 11 other Carolyn samples had failed to produce any diamonds. There was no indication of just how much those barren samples weighed, but if they were comparable with the one diamondiferous batch, the Smeaton partners would have recovered just two microdiamonds from over 400 kilograms of Carolyn kimberlite"
"De Beers and its partners recovered 1,159 diamonds from 595 kilograms of kimberlite, or nearly two stones per kilogram. That was nearly 40 times greater than the rate that the one diamondiferous Carolyn sample had produced diamonds, and it may have been nearly 500 times greater when the 11 barren batches are added in."
Mighty impressive, huh? There is so much old information out there showing how worthless CMKX is, that it is mind boggling.
By the way that 11 samples bit might explain those additional samples we heard nothing about as to content.
The next time anyone brings up DeBeers or Shore in comparison to CMKX, I suggest they consider the above.
Posted by Ric on :
I have always asked if CMKX has such great mineral rights then why didn't Debeers take it when they could or the others in the area. The rights were left to expire and lonely pinksheet CMKX buys the rights for hardly nothing. But thats right its beside Debeers claims. Just because you live beside a mine doesn't make you have one, that would be too easy. And if they were that abundant, they wouldn't be worth anything, anyhow.
Posted by Wallace#1 on :
Just a little more old history on the Carolyn/Smeaton pipe the faithful ignore:
Those details presented a far gloomier outlook for the pipe than had CMKM's brief proclamation that the lab results had confirmed Carolyn was diamondiferous, leaving a number of the company's more exuberant faithful to speculate loudly that the Canadian news had been faked. Based on earlier work on the Smeaton play, there should have been few surprises in any of the recent results form Smeaton.
In fact, it would have been quite a shock had CMKM's drill program failed to intersect kimberlite, as its drill holes were apparently positioned in an attempt to retest a kimberlite pipe that had first been hit in 1996, when a group led by Swannell Minerals Corp. scored a kimberlite hit by drilling a geophysical anomaly that was about 200 metres in diameter. As a result, what CMKM now calls its new Carolyn pipe is actually the old Smeaton kimberlite.
Swannell intersected kimberlite at a depth of 128 metres and ultimately cored over 90 metres of kimberlite in its RS-1 drill hole, so it was hardly a great surprise when CMKM's drill hit the top of the pipe at a depth of 125 metres and ultimately intersected about 130 metres of kimberlite. Three subsequent CMKM drill holes produced intersections that ranged from 63 metres to 75 metres thick.
Most of the kimberlites in Saskatchewan have proven to be diamondiferous, so it also seemed likely that there would be at least a mild smattering of microdiamonds in the pipe, whatever its name. Still, there was not much chance that the reincarnated Smeaton kimberlite would deliver a bounty of micros as Carolyn, based on the earlier test. Samples of Swannell's drill core had been sent for analysis, but no diamonds were recovered from a modest amount of kimberlite.
The Swannell group subsequently abandoned the Smeaton project and it was snapped up by United Carina and Pine Channel. Late in 2000, the new partners poked four holes into a series of anomalies that had been identified in close proximity to the old Smeaton pipe. A narrow zone of reworked kimberlite was encountered in one of the holes, but the remainder failed to produce any kimberlite hits and the Smeaton play began to gather dust once again.
In 2002, United Carina and Pine Channel managed to come up with a new partner on the play. Panterra Exploration Corp. decided the play had enough promotability to warrant a look, and it signed an option deal on the project. Panterra's promotion delivered a few opening salvos, but the company did not manage much in the way of exploration, and its option was subsequently abandoned. That left Mr. Walker's companies to hunt down a new partner for the struggling Smeaton project.
The arrival of Mr. Casavant and CMKM has made the old Smeaton play a hot topic with speculators once again, although the market reaction to United Carina and Pine Channel's side of the Smeaton story has been modest in comparison with CMKM's decidedly pink promotion, due to the presence of at least a minimal set of reporting standards on the TSX-V.
Posted by Highwaychild on :
Ric I think the idea was CMKX had newer technology at the time of their flyovers, and the hundreds of anomalies thing.
Posted by Wallace#1 on :
Please note: "two tiny microdiamonds that apparently weighed just 0.000005 carat"
That suggests the true value of that claim. How much would that size carat (assuming it was one diamond instead of two) be worth in $$$$? Worth less than 1 share of CMKX!!!! And how many anomalies did they discover in their fly overs (which included others' claims but CMKX omitted telling you that)? Multiply it out to determine the true potential of CMKX's claims, even including others' claims. Then you will have a much fairer assessment of the potential the faithful keep talking about. If the other claims are worth about the same as the Carolyn claim and we give all the 100 anomalies to CMKX, that would make the potential worth less than 100 shs of CMKX.
Posted by Upside on :
Now divide that figure by 700 billion to get your fair value pps.
Posted by Wallace#1 on :
quote:Originally posted by Upside: Now divide that figure by 700 billion to get your fair value pps.
Hey, that just might be worth purchasing!
Figured I had better add LOL.
That is really something to get whipped up into a frenzy about, don't you think?
Posted by Upside on :
How many zeros do you come up with? I dont have a calculator that will do it.
Posted by Wallace#1 on :
I don't have any idea of how much such a small carat (.000005) would be worth, but apparently it is much less than 1 sh of CMKX stock.
Posted by Highwaychild on :
Next, they will come out with one "studded" with diamonds.
Just noticed, the size is for "juniors", not for me. Think Will might be interested....or maybe legal.
Posted by Upside on :
I'll bet Will has one.
Posted by Wallace#1 on :
Damn, Up, you keep reading my mind.
Posted by Upside on :
We've talked about going to the Chicago races in June together but if he answers the door in that I'm heading back to Wisconsin like a bullet.
Posted by Wallace#1 on :
Geeesssuuussss!!!! I cannot imagine that! Would scare the crap out of me.
Posted by Highwaychild on :
Hey, it says satisfaction guaranteed Shakeman.
No,I don't have one.Takes two days shipping.LOL!
Posted by Wallace#1 on :
quote:Originally posted by Highwaychild: Hey, it says satisfaction guaranteed Shakeman.
No,I don't have one.Takes two days shipping.LOL!
I might still have Debi's home address somewhere around. Do you think her husband might like to surprise her with one? You know how gung ho she is about CMKX!
Guess if he wanted one, he'd already know about it.
Posted by Ric on :
I guess that I get to see a race before revoked now that hearing pushed back to 10th. Got to check there tent out. 29th and 30th here in Bristol Thunder Valley.
Posted by Highwaychild on :
LOL! You're relentless! He may surprise you if he has your address.And no, not like that.lol
Posted by will on :
I don't have one, but I sure am going to spend a few 9.99's and send them to my favorite posters here. ......and yes, I will get a few for myself, and I would be more than happy to model them for you, UpMan. Wallace you better hope I don't suddenly have business in NJ, or so help me, I will show up at your door decked out in my brand new CMKX thong.
Posted by Wallace#1 on :
Will, I am contemplating moving!!! FAST!!!
Posted by will on :
Just think what your neighbors will say, Shakeman. I can hear them now. LOL "I knew that guy was weird, look at the freak on his front porch with CMKX on his thongs. Wouldn't be bad but who the f... would wear thongs with CMKX on them, weirdo"!
Good night, I'm going go dream of myself styling down the street with my CMKX thongs on.
Posted by Wallace#1 on :
Good night?? Who woke you up in the first place?
Posted by will on :
OH! One more question, Shakeman, what size package you got? I wouldn't want the thongs I purchase for you to cause you any discomfort.
Posted by Wallace#1 on :
Will wrote: "Wouldn't be bad but who the f... would wear thongs with CMKX on them, weirdo"!"
Guess who! And probably more where he comes from. LOL
Posted by Wallace#1 on :
quote:Originally posted by will: OH! One more question, Shakeman, what size package you got? I wouldn't want the thongs I purchase for you to cause you any discomfort.
Now you want size? Get the hell out of here! You're too sweet on me already!
Posted by Doctoall on :
quote:Originally posted by Wallace#1: Will wrote: "Wouldn't be bad but who the f... would wear thongs with CMKX on them, weirdo"!"
Guess who! And probably more where he comes from. LOL
Got to have something to hold the family jewels (diamonds) Urban probably wears one himself
And no doubt Legal wears a thong that would explain why his butt is always in a knot.
[ April 18, 2005, 00:39: Message edited by: Doctoall ]
Posted by Wallace#1 on :
The size of that guy, he needs a sheet! And I mean his belly, not his jewels.
PS: Saw the rest of your post too late, Doc. I wasn't speaking of legal here. And, please, say "butt". LOL
Posted by Wallace#1 on :
Time for me to go. Good night folks.
Posted by drgnfly on :
quote:Originally posted by Ric: Why is the share count decreasing. I thought the more shareholders the more shares
When it was 821 shareholders it was 81 billion shares
Now with over 1200 shareholders its 69 biliion shares????????????????
Do they even know?
The code that counts the shares factors in the shares Urban bought back.!!! To da moon?
Posted by Doctoall on :
quote:Originally posted by Wallace#1: Time for me to go. Good night folks.
Sleep tight. May God Bless you and yours.
Posted by drgnfly on :
quote:Originally posted by Highwaychild: And the Got CMKX funny car almost won the entire NHRA event today.Took second in the final round by .013 of a second.
YES that means we have diamonds!!!!!
Posted by bill1352 on :
i am shocked & dismayed. i fully expected to see a few filings by cmkx. it certainly is suprising given the new found honesty of cmkx. oh wait...i think i was sleep posting. maybe that explains legel's posts too.
Posted by legaleagle on :
America Needs to Know
What game is being played with CMKM Diamonds, Inc.?
By: Kevin M. West
The Los Angeles office of the SEC is taking CMKX (CMKM Diamonds) to an Administrative hearing on May 10th to try and revoke their listing as a public company. We know they want to revoke CMKX as evidenced by the Disposition of Summary that the SEC asked for in the phone conference held last week between the Administrative Judge and attorneys involved in this case.
In the story of this mining and exploration company from Las Vegas, Nevada, it appears that the SEC is either taking some unjustifiable sort of revenge, protecting the rich of Wall Street from a destructive blow or the company is a complete fraud that has been allowed to sell hundreds of billions of shares to investors. It will be up to you to decide and, in a moment, we will lay out the time table of events that have put CMKM Diamonds in this predicament, but let’s first try to reason as to what is really going on here.
CMKM Diamonds is a diamond exploration and mining company based out of Las Vegas, Nevada. The company owns 951,968.54 acres (385,248 hectares) of mineral rights consisting of 1,038 separate claims in the mineral rich territory of Saskatchewan, Canada. The adjacent and surrounding claims of DeBeers that have boasted tens of billion of dollars in valuation on around 58,000 acres or about 1/16th the total size of the land mass of known mineral rights belonging to CMKX. The company also owns at least one gold mine (the American Gold Mine) in Ecuador and mineral claims (and possible mines) with zinc, uranium among other minerals in Canada and elsewhere.
With all the apparent valuation of CMKX, why would the SEC take to stripping money from tens of thousands of investors, rather than just help this company get back on it’s feet and make money for it’s investors like it has been trying too? If the company is revoked, the shares become worthless in the market. If the company continues and becomes fully reporting again, the investors may become very wealthy due to the company’s potential valuation.
Also, as listed in one ongoing count of very concerned investors, why is there over 87 billion shares held by less than 1,000 shareholders when it is rumored that there are as many as 40,000-72,000 CMXK shareholders and only 800 billion shares authorized? It would appear we have not billions, but trillions of shares on the market. Could the company have put them there, it’s not even possible. Are they counterfeit shares? They would HAVE to be! Who would be responsible for that you ask, it would be the market place along with NON-Regulation by the SEC.
This January, the SEC enacted Regulation SHO to put an end to the counterfeit shares (also called Naked Short Shares) being transacted into the market. However, the SEC grandfathered in all of the felonious crimes of counterfeiting shares previous to the day Regulation SHO was enacted. WHY?
Now let’s get back to the story of CMKM Diamonds and how all this talk of counterfeited shares possibly relates to the reason the SEC wants them gone.
(*1)On July 22, 2003, upon the advice of counsel, a Form 15 pursuant to Rule 12g-4(a)(1)(i) was filed as certification and notice of termination of registration under Section 12(j) of the Act, stating that at the time of filing the Form 15 CMKX had approximately 300 stockholders of record.
(*2)On June 4, 2004, the Company retained the services of Roger Glenn, Esq. from the New York law firm Edwards & Angel LLP to assist in preparing the required SEC reports.
The Company continued its efforts to bring its filings up to date by engaging Neil Levine, of the Firm of Bagell, Josephs & Company, LLC, as independent auditor.
In July of 2004, Mr. Casavant suffered a stroke which left him with no alternative but to rely upon the professionals he had retained to oversee the Company operations.
(*3)During the 3rd or 4th quarter of 2004, the Enforcement Division launched an investigation in the “Matter of U.S. Canadian Minerals, Inc. LA-2937.” Under the umbrella of the LA-2937 investigation, the Enforcement Division caused the issuance of subpoenas, deposed and interrogated CMKM Diamonds’ consultants and management. inclusive of the Company’s new auditor, the Company’s financial consultant, and Edwards & Angel LLP. In addition, a subpoena was issued directly to CMKM Diamonds, where under the Company supplied significant information to the Commission, including substantial information regarding the Company’s mining claims.
(*4)CMKX appointed Mr. Robert Maheu to the Board of Directors in order to oversee the necessary regulatory requirements. Bob Maheu is not just any co-CEO, Mr. Maheu was the main man Howard Hughes used to run the mob out of Las Vegas among a huge list of many other outstanding achievements…. He has never lost a regulatory battle. Mr. Maheu, on behalf of the Company, immediately retained the service of Stoecklein Law Group on February 7, 2005 for the primary purpose of coordinating the preparation of all reports due under the Act for the respective missing periods. Upon its initial due diligence of the Company, Stoecklein Law Group realized that at the time of filing the initial Form 15. The Company had 698 stockholders of record and that the filing of a Form 15 was not available to the Company as of July of 2003.
Upon its initial due diligence of the Company, Stoecklein Law Group realized that at the time of filing the initial Form 15. The Company had 698 stockholders of record and that the filing of a Form 15 was not available to the Company as of July of 2003.
(*5)On February 17, 2005, Stoecklein Law Group advised the Company to file a Form 15/A which resulted in the Company being subject to the reporting requirements of Section 12(g) of the Act.
During March 2005 a financial consulting firm was retained to assist the Company in its financial statements and logistical coordination was commenced between management, the financial consulting firm, the audit firm, Stoecklein Law Group, and the transfer agent.
(*6)The Company believes that as a result of the Enforcement Division investigation in LA-2937, the Enforcement Division caused the issuance of a temporary trading suspension on March 3, 2005 and the issuance of the Order Instituting Administrative Proceeding on March 16, 2005. While the actions by the Enforcement Division are designed to be remedial, they may in fact be causing a punitive effect on the Company’s stockholders by further perpetuating a growing “naked short” (counterfeit shares) position in the Company’s stock, as alleged by numerous stockholders.
OK, now one might ask why would the SEC not want to help this company get back on its feet and produce a valuation that would make its shareholder base happy and their investment portfolios grow? It is obvious that CMKX is not a fraud, but possibly a victim of poor past management because those involved didn’t know how to run a public company. Is this a crime? No it’s not a crime, and co-CEO and original founder of CMKX, Urban Casavant is an extremely good man with a heart of gold. This world could use many more men like him, in this writer’s opinion!
Is it better to PUNISH CURRENT INVESTORS, strip away 100% of their investments perhaps destroying the savings and college funds of thousands of American families than to fine the company and take a hands-on approach into getting them current in their filings?
Let’s look at what could possibly happen if there are even just 800 billion naked short shares on this stock, and not trillions as is suspected. DeBeers has already boasted a conservative 40-80 billion dollar valuation on approximately 58,000 acres. Using 1/10th the lowest possible valuation (for safety) of $40 Billion, or $4 Billion on 58,000 acres and CMKX owning 16 times the land mass, the math would look like this.
$4 Billion x 16 = $64 Billion valuation (at only 1/10th lowest possible DeBeers valuation)
$64 Billion divided by 800 Billion shares = .08 per share (worst possible scenario)
800 Billion counterfeit shares x .08 per share = $64, 000,000,000 (Billion) owed to share holders by the market place! (Keep in mind, the current trading price of CMKX is less than 1/100th of a penny per share). Now multiply that by a possible 10-20 times the valuation and 2-3 times the number of counterfeit shares and there is some SERIOUS trouble involved here!
What could be done to solve this problem, reward long enduring shareholders, let the company focus on its mining and exploration programs and save the market from a messy situation at the same time?
The SEC could do its job and PROTECT shareholders, first off. Tens of thousands of CMKX shareholders are NOT going to stand by and let the SEC use that old line that they are looking out for the “potential new investors of this stock”. That’s garbage and all CMKX investors and the SEC know it is! Those responsible for creating and helping this fraud to perpetuate (possible violators include but are not limited to the DTCC, Brokers, Market Makers and Hedge Funds) need to come to the table and make an offer to all shareholders and the criminals responsible for this unjustifiable crime need to go to jail.
America needs to know; What is the SEC going to do to protect the CURRENT shareholders that have millions and millions of dollars invested in CMKX?
** The views and opinions written in this article belong to the writer and are not sponsored or approved by anyone but the writer. This article is in no way affiliated with CMKX, the CMKX owner’s group or any other groups or organizations. The article is in no way intended to be used as investment advice.
Posted by legaleagle on :
Zoinkers God of Diamonds
member is offline
Just hanging out.
Gender: Posts: 2260 Kimberlites so large, can easily swallow up « Thread started on: Today at 05:06am »
Posts: 1565 Kimberlites so large, can easily swallow up « Thread started on: Apr 17th, 2005, 10:30pm »
-------------------------------------------------------------------------------- Kimberlites so large, can easily swallow up all kimberlites in existence !
What is not so well known about "Fort a la Corne" is that it contains the largest kimberlite field in the world. Nearly 10 billion tonnes! A resource so large that it could easily swallow up all other kimberlites in existence! Let’s now understand what is happening in the world of diamonds for it is this growth in demand that is driving the search for new mines, and bringing Saskatchewan international attention. The marketing arm of De Beers in London England, the Diamond Trading Company, better known as the DTC, has been extremely successful over the past few years in driving the demand for diamond jewelry through its Supplier of Choice marketing program that focuses on the emotional appeal of diamonds. So successful has the Trilogy sales program been in Japan that thedemand increased 19 fold in 10 months – from 900 million yen to 1.9 billion yen and caused the supply for these 3-stone rings to actually run out. “Global Demand for Diamond Jewelry grows Stronger’] Today the total retail sales of diamond jewelry is US$58 billion per year with the demand for diamonds growing stronger. In fact diamond sales are out-performing gold and other luxury items. While the US and Japan are the largest markets for diamond jewelry, the rapidly growing prosperity in China and India is causing an increase in demand in these countries -- an additional 600 million new consumers are expected to emerge in the next few years. So at a time when demand is rising rapidly supply is constant to declining. And there are no new mines on the horizon. (The Supply curve is green and the Demand curve in red.) The result of this supply-demand imbalance has been a rise in the price for rough stones as diamantaires and manufacturers scramble to lock up supply. The price of rough diamonds has risen some 20% in 2004 and price rises are predicted to continue well into the future. Canada is currently the third largest producer of diamonds, a situation that has brought credibility and tremendous interest to further explore Canada’s diamond resource potential. This, then, is the canvas onto which the Fort à la Corne picture can be painted.
For what we have at Fort à la Corne is not only the largest kimberlite field in the world, but also good infrastructure leading to a potential low cost, long life mine and one that will produce larger stones of good quality. Let me describe for you the location and attributes of Fort à la Corne and then go on to tell you about what I believe will be the economic impact on this province if a large mine is eventually built. Here is the main trend of kimberlites at Fort à la Corne which lies 65 km east of Prince Albert. The two most active ventures are Shore Gold and their Star kimberlite, and the Joint Venture between Kensington Resources Ltd., Cameco Corporation and De Beers Canada – De Beers is the project Significantly, 70% of the known kimberlites are diamond-bearing which is an unusually high percentage by world standards, and of these, 50% are macrodiamond bearing – meaning they contain diamonds larger than 0.85 mm. [slide 13 “Diamonds in Saskatchewan”] By way of historical reference, diamonds were first reported in the Melfort-Nipawin area sometime prior to the Second World War. The next report of diamond related activity was in 1961 when severalstones were reportedly discovered in gravels downstream fromSturgeon Lake (northwest of Prince Albert). In 1969, the GSC conducted the first aeromagnetic survey of the area, but it wasn’t until 1988 that diamond staking was first done and the first exploratory drill holes confirmed kimberlite. At this point, the genesis of the Fort à la Corne diamond project as we now know it, today, began. To date, exploration activity has established that the Fort à la Corne kimberlites are enormous, mostly lower grade but with substantial interspersed higher-grade zones of enrichment. The diamonds have high average value of US$115 to US$148 per carat based on samples valued by two independent sources in London (one source is WWW International Diamond Consultants which is retained by the Government of Canada for diamond valuation services). An aggressive action plan for advanced exploration and evaluation of the Fort à la Corne claims has been formulated and will be taken to the Boards of the respective Joint Venture companies in February. This plan has the objective of reaching a pre-feasibility decision by the end of 2007. If this plan proceeds favourably a new mine should be possible. De Beers also favours the political stability of Canada and its supportive Provincial Governments as over half its worldwide exploration budget of nearly $100 million is allocated to our country. The current exploration programs are focused on the southern portion of the claim where there is an intense cluster of kimberlite bodies. There are as many as 25 kimberlites in a 5 km radius that includes those kimberlite bodies that have already proven their potential value. The new aggressive action plan considers the cluster as a single unit and lends itself to an open-pit mining scenario that would include several kimberlite bodies together. An open-pit mine would prove its economics as the most cost effective way to maximize the opportunity of these high tonnage but low grade kimberlites. In this slide the red bodies are kimberlites where we have already defined a resource at the deposit level and the dark blue bodies are those drilled in the 2004 program to search for higher grade units.
Our economic models are optimistic because the costs associated with a mining operation at Fort à la Corne are significantly lower than most others due to the amenities associated with its location. Fort à la Corne has reasonable all-year climate which means that an operation would not be seasonal. Also, the site has close proximity to: - Population centres with available workforce and service sectors - Existing all-weather ground transportation routes - Utility infrastructure in place or easily constructed The anticipated diamond mine will contribute to Saskatchewan’s future prosperity. Besides jobs, the potential diamond mine that is being considered will strengthen the provincial economy and enhance socio-economic development related to an improved quality of life for local residents. The challenge for these local communities will be to manage the growth.
Revenue to the province will come directly from: • Government Royalties and Taxes o Importantly, the government has indicated their support for the mine development by stating that the capital tax surcharge would be waived and royalties would be low with likely a “holiday” until the initial capital is recovered. This tax “holiday” helps to create a favourable economic feasibility plan. • Also from revenues from Goods and Services involved in the development and ongoing operation of the mine• And indirectly from government would benefit from income taxes, sales tax, fuel tax, corporate tax, etc. Considering the low margins of our potential operation of Fort à la Corne $20/tonne vs uranium at $12,000/tonne -- the government has indicated their willingness not to impact development through onerous royalties and taxes. Naturally, the biggest upside for the province is the employment opportunities that a mine will generate.
A large open pit would employ approx. 500 to 600 people in the mine, plant and offices. A large percentage of these will be skilled categories, requiring applicants to have a minimum of secondary school education and in many cases, a trade certificate. Job opportunities will be available for: • equipment and plant operators • skilled trades, such as o welders; o diesel mechanics • engineers o for surveying land for continued mine planning, grade control, etc. o and geologists for continued exploration. During the construction phase there is typically twice the number employed as in full production therefore add another 1,000 to 1,200 short term direct jobs – all a minimum of secondary school education and in most cases skilled training.
Posts: 9 Section 13a-13 subpart (c)(2) « Thread started on: Today at 01:07am »
-------------------------------------------------------------------------------- For your perusal only...
CMKX recently updated its SIC code at SEC Edgar to 1400 - Mining & Quarrying of Nonmetallic Minerals (No Fuels).
Also note that the following subpart (c)(2) does NOT apply to the annual financial statements, only the quarterly statements.
Rule 13a-13(c)(2): Part I of the quarterly reports on Form 10-Q or Form 10-QSB need not be filed by: Mining companies not in the production stage but engaged primarily in the exploration for the development of mineral deposits other than oil, gas or coal, if all the following conditions are met: i) The registrant has not been in production during the current fiscal year or the two years immediately prior thereto; except that being in production for an aggregate period of not more than eight months over the three-year period shall not be a violation of this condition. ii) Receipts from the sale of mineral products or from the operations of mineral producing properties by the registrant and its subsidiaries combined have not exceeded $500,000 in any of the most recent six years and have not aggregated more than $1,500,000 in the most recent six fiscal years."
Here is what is contained in "Part 1" of a quarterly financial statement:
Item 1. Financial Statements. Furnish the information required by Item 310(b) of Regulation S-B.
Item 2. Management’s Discussion and Analysis or Plan of Operation. Furnish the information required by Item 303 of Regulation S-B.
Item 3. Controls and Procedures. Furnish the information required by Items 307 of Regulation S-B (§228.307 of this chapter) and 308(c) of Regulation S-B(§228.307 of this chapter)."
Posted by drgnfly on :
Wow you guys got JB really rilled up now as his flooding of posts is like noah's ark
Posted by legaleagle on :
what happened to cmkx it bumped to .0006 for a few minutes dose anybody have any ideas?
Posted by legaleagle on :
AZTEC Mining Announces Acquisition of Sturgeon Lake Kimberlite Monday April 18, 10:06 am ET
INDIANAPOLIS--(BUSINESS WIRE)--April 18, 2005--AZTEC Mining Corp. (Pink Sheets:AZTM - News) is pleased to announce the acquisition of the Sturgeon Lake Kimberlite, located 20 miles north west of Prince Albert, Saskatchewan. The Sturgeon Lake property was formerly operated by Monopros, an exploration arm of De Beers Canada. The Sturgeon Lake Kimberlite contains an estimated 1,000,000 metric tons of kimberlite which are exposed at surface. Random kimberlite grab samples have been collected and submitted to the Saskatchewan Research Council for assay and petrographic analysis. Aztec's land position at Sturgeon Lake has recently been surround staked by BEC International Corp. with 70,000 acres of claims.
The company website is in the process of being updated to include more information about recent AZTEC property acquisitions and other corporate developments. http://www.aztecmining.com
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
-------------------------------------------------------------------------------- Source: AZTEC Mining Corp.
Posted by Thorn on :
How's this for a conspiracy theory? The SEC is trying to squash CMKX to hide the fact that the SEC has not been addressing the naked shorting issue so as to protect certain rich investors pulling the SEC's strings.
Hey, you know there are some big money guys who call the shots in these situations. It would fit right in with the way the SEC has been going overboard in shutting down CMKX.
And just for the record, this in no way makes CMKX the good guy; I don't think there are any in this situation.
Posted by bond006 on :
thtas for sure i would never defend cmkx but there might be a lot of dirty laundry on the line that certian people don't want to see.
Posted by legaleagle on :
Today's update: Street Shares: 77,789,270,825 Cert Shares: 11,106,973,050 Total Shares: 88,896,243,875 Signed Agreements: 989
Average shareholder holds: 89,884,979
***Differences in figures have been coming from two different shareholder associations. There is an old association and the new one with Frizzell. These figures are from the Frizzell site.
Posted by ed19363 on :
Legal, you need a job. You have WAY too much time on your hands.
Posted by Doctoall on :
quote:Originally posted by ed19363: Legal, you need a job. You have WAY too much time on your hands.
He has a job tending to the CMKX investors (mushrooms). He is paid by Urban to shovel the crap over the mushrooms and keep them in the dark
I think that he should get a raise as he is trying his best to do a good job.
Some of us refuse to be covered any longer!!!!! now enjoying the sunshine and no more kool aid for us.
[ April 18, 2005, 13:24: Message edited by: Doctoall ]
Posted by legaleagle on :
This repost should be read carefully
AlexMark Diamondologist
Posts: 298 CMKX/USCA and ECPN « Thread started on: Today at 1:20pm »
The Company has successfully sold 80% of the C.O.D. mine in Arizona to a company whose stock is publicly traded. The stock will be unrestricted and marketable by the middle of May.
Same old stuff presented in a different way. As soon as the facts about DeBeers, Carolyn and the claims were stated, tried to divert/distort with others' posts. It's clear that CMKX does not compare to DeBeers. It's clear CMKX has 0 present potential. It's clear Carolyn was part of the game in causing the hype and that that claim is worthless.
Cannot leave out someone special. It's clear that Roger Glenn accomplished nothing no matter how much credit was given him.
[ April 18, 2005, 14:49: Message edited by: Wallace#1 ]
Posted by ed19363 on :
I notice even the other boards are becomming more and more negative. Looks like UC has just about worn out his welcome. IMO he either files soon (Lord, I hate that word), or he will have a major shareholder revolt on his hands.
Posted by Doctoall on :
quote:Originally posted by ed19363: I notice even the other boards are becomming more and more negative. Looks like UC has just about worn out his welcome. IMO he either files soon (Lord, I hate that word), or he will have a major shareholder revolt on his hands.
I vote to get on with the revolt, could use another good Boston Tea Party, but this time in Las Vegas with us all burning CMKX shares
Lets appoint that party lady from Sask as the revolt leader, she has experience with this kind of activity.
Posted by ed19363 on :
quote:Originally posted by legaleagle: This repost should be read carefully
AlexMark Diamondologist
Posts: 298 CMKX/USCA and ECPN « Thread started on: Today at 1:20pm »
The Company has successfully sold 80% of the C.O.D. mine in Arizona to a company whose stock is publicly traded. The stock will be unrestricted and marketable by the middle of May.
When you finish reading it, you will realize that not one of the companies mentioned has anything that can be called valuable. All they have is shares in EACH OTHER !!!!!! Now there's a valuable purchase....LOLOLOLOLOLOL
Posted by legaleagle on :
quote:Originally posted by ed19363: Legal, you need a job. You have WAY too much time on your hands.
Thanks for pointing that out, Ed.
Posted by Wallace#1 on :
quote:Originally posted by ed19363: I notice even the other boards are becomming more and more negative. Looks like UC has just about worn out his welcome. IMO he either files soon (Lord, I hate that word), or he will have a major shareholder revolt on his hands.
No big surprise. It had to happen.
Posted by Doctoall on :
I would not be one bit surprised if Urban is planning a move to South America Posted by legaleagle on :
YOU CAN SEE THE FEAR AND PRESSURE ON HIS FACE YESTERDAY.
Posted by legaleagle on :
Posted by Doctoall on :
quote:Originally posted by legaleagle: YOU CAN SEE THE FEAR AND PRESSURE ON HIS FACE YESTERDAY.
Thats because the lady from Sask has not caught up with him yet, we will live to see him smiling from the other side of his face Posted by Doctoall on :
His smiling is a definite sign of his arrogance and lack of concern for the shareholders that he has taken. Nothing but a Scam, nothing more and nothing less.
Scam Artist Posted by bill1352 on :
from ECPN pr
Mining properties are usually sold with a scenario such as: 1) A down payment of stock, cash or a combination of both, 2) A 5 % royalty, and 3) A 6% carried interest in the profits of that particular mine.
The management of the Company has already been in contact with at least one potential buyer. We will need to complete the drilling commencing next week along with a third party assay of the precious metals to complete the documentation needed to offer the property for sale.
=============================
i'm sure ECPN will take shares of cmkx for a mine...yep UC might have to get that printing press re-started for that 1. can you say gazillion (i sure can't spell it...lol)
Posted by Doctoall on :
I sure wish that I had the contract to supply paper to Urban, now that is where I could make some bank
Shares galore being printed to get what he wants.
Posted by legaleagle on :
Doc, can you back up anything you have said today with evidence or links?
Posted by Doctoall on :
Can back up just about as much as you have posted on this thread
Posted by Doctoall on :
SCAM, nothing more and nothing less than a SCAM. Now look who'd asking to back up statements, that master of all false statements "LEGAL" Go back to you shovel, some of the mushrooms are seeing the light Posted by legaleagle on :
Sorry doc, not getting roped in, just asking if you could support your contentions.
Posted by Wallace#1 on :
I cannot tell you how many times legal has used the word "potential", but I know it must be at least 10 times. He, however, cannot back that up with anything to support that contention either. Claims - 0 results, Carolyn - negative results/worthless, flyover - supposed anomalies, none proven, gold/uranium - tons of dirt, if any results - miniscule, and, earnings - negative and maybe for the past 6 years.
Posted by legaleagle on :
bullit Dr. Of Diamonds
member is offline
In a parallel universe Melvin is still the IR guy
Gender: Posts: 233 RG, SEC, IBM, Stocklein and the filings « Thread started on: Today at 11:54am »
RG comes on board to bring us back to fully reporting (not with the intention of revising form 15) LAS VEGAS--(BUSINESS WIRE)--June 4, 2004--CMKM Diamonds, Inc., (Pink Sheets:CMKX - News) president and chairman of the Board of Directors, Urban Casavant, announces that the Law Firm of Edwards & Angell has been retained to represent the Company in its desire to become fully reporting once again.
WE (the shareholders) hear "close, Close, soon, etc,. IMO, during this time, the SEC is throwing up roadblocks left and right to prevent CMKX from filing what will expose their imcompetency and a huge NSS. Roger Glenn continues to try to work with the SEC.
IMO, IBM says "enough Mr Niceguy" and brings in Stocklein to do the job. LAS VEGAS, Feb 11, 2005 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) today announced a corporate strategy plan designed to dramatically and comprehensively transform CMKX's internal corporate governance. The aggressive plan is being spearheaded by Robert A. Maheu, the recently appointed co-chairman of CMKX.
"Solving problems has been my occupation for many years," said Maheu. He continued, "Tough assignments are not solved by wishful thinking, but rather by tough action." A new team of securities attorneys has been instructed that their prime assignment is to correct any deficiencies of the past and to cooperate fully with regulatory bodies both in Canada and the United States to minimize the possibility of such deficiencies in the future.
Stocklein goes through the backdoor to get CMKX fully reporting again. LAS VEGAS, Feb 17, 2005 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) today announced the reinstatement of its reporting status under the Securities Exchange Act of 1934 through the filing of an amended Form 15.
On Feb. 9, 2005, CMKX engaged Stoecklein Law Group, a firm specializing in securities matters, as new securities counsel to assist with the correction of past deficiencies and guide CMKX through its regulatory compliance requirements. "When I joined the board one of my prime assignments was to improve corporate compliance. A prime component was to reinstate reporting status, which was efficiently and expeditiously handled by the Stoecklein Law Group," stated Robert A. Maheu, co-chairman of CMKX.
IMO, the SEC says "Oh crap!" and halts CMKX... LAS VEGAS--(BUSINESS WIRE)--March 4, 2005--Commencing at 9:30 a.m. EST yesterday, trading of the common stock of CMKM Diamonds Inc. (Pink Sheets:CMKX - News) was temporarily suspended by the Securities and Exchange Commission ("SEC"). This temporary suspension will expire on March 16 at 11:59 p.m. EST and trading in CMKX is anticipated to resume on March 17, 2005.
...and then attempts to get CMKX delisted. LAS VEGAS--March 24, 2005--On March 16, 2005, the United States Securities and Exchange Commission ("Commission") deemed it in the public interest that a public administrative proceeding be instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 ("Exchange Act") against CMKM Diamonds, Inc. (Pink Sheets:CMKX) to determine:
-- Whether CMKX is required to file with the Commission current and accurate information in periodic reports under Section 12(g); and
-- Whether CMKX failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder by failing to file required periodic reports.
CMKX, pursuant to the Commission's order has been provided 20 days in which to respond to the allegations in the order. Upon CMKX's filing of a response, a public hearing will be convened at a time and place to be fixed for purposes of taking evidence on the issues set forth in the Commission's order. At the hearing, an administrative law judge will determine whether it is necessary for the "protection of investors" to suspend or revoke the registration of CMKX's securities from the Exchange Act.
At the phone hearing, the SEC requests delisting without a proper hearing (sorry can't find the report from Frizzell) - the judge denies and the hearing is now set to May 10th.
IMO, the SEC is crapping their pants - no wonder all the reports from the races say that UC, etc, aren't worried - we have the SEC by the balls!
IMO, Soon = May 10th or before.
Posted by Wallace#1 on :
Let's talk about UC and management talent. Success - none, failures - 2 or 3, maybe more, shareholder satisfaction - little/minor, managerial capabilities - none, experience - none, even though he ran at least one public company prior, responsibility - denies, informing public shareholders - abominable record, attention to CMKX matters - constant diversions (race cars, credit cards, etc.), operations - insignificant, and, RESULTS - NONE, IN FACT, NEGATIVE.
Every statement in this post and my previous post can be supported and legal knows that for a fact.
Posted by legaleagle on :
Association of shareholders supporting CMKX and Urban Casavant:
Street Shares: 77,876,018,101 Cert Shares: 11,193,922,349 Total Shares: 89,069,940,450 Signed Agreements: 1004
Posted by legaleagle on :
Satisfied shareholders: 1004
Wallace and merry men: 6 or 7
Posted by Upside on :
quote:In a parallel universe Melvin is still the IR guy
If you believe in quantum physics the theory goes that there are enough parallel universes where every possible outcome of any given situation is played out thereby dictating an infinite number of universes. My bet is that in every one of them CMKX is trading at .0001
Posted by Wallace#1 on :
In response to legal's last repost of a post:
"RG comes on board to bring us back to fully reporting (not with the intention of revising form 15)" RESPONSE: With his reputed experience in the securities field, with the SEC and with an accounting background, he cannot be excused for not revising the Form 15. Furthermore, with such a background, he probably did know about it.
"LAS VEGAS--(BUSINESS WIRE)--June 4, 2004--CMKM Diamonds, Inc., (Pink Sheets:CMKX - News) president and chairman of the Board of Directors, Urban Casavant, announces that the Law Firm of Edwards & Angell has been retained to represent the Company in its desire to become fully reporting once again". RESPONSE: There was also the mention of solving CMKX's problems to which the poster and reposter (legal) conveniently made no reference. DISTORTION!!! In addition, that law firm and Glenn FAILED to get them even partially reporting in over 6 mos.
"IMO, during this time, the SEC is throwing up roadblocks left and right to prevent CMKX from filing what will expose their imcompetency and a huge NSS". RESPONSE: Wild SPECULATION and no supported proof whatsoever. DIVERSION!
"Roger Glenn continues to try to work with the SEC." RESPONSE: Says who? No proof! SPECULATION!! Bet he's steering real wide of the SEC at this stage of UC's game. There might even be cause for disbarment. And both of my two previous sentences ARE speculation.
"today announced the reinstatement of its reporting status under the Securities Exchange Act of 1934 through the filing of an amended Form 15" RESPONSE: No choice once they discovered the deception? Surely did not want the same baggage RG, E&A, UC and others are facing.
"A prime component was to reinstate reporting status," RESPONSE: Sound familiar? Different words, but the same as RG promised he was going to do.
"-- Whether CMKX is required to file with the Commission current and accurate information in periodic reports under Section 12(g); and -- Whether CMKX failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder by failing to file required periodic reports." RESPONSE: Absolutely no question about the fact that they did not and should have done so.
"At the phone hearing, the SEC requests delisting without a proper hearing (sorry can't find the report from Frizzell) - the judge denies and the hearing is now set to May 10th." RESPONSE: That is called a "Summary Judgement" and is standard operating procedure in any such case. Although the judge did not grant "Summary Judgement" at that that time, she did not appear to have closed the book on such a possibility in later hearings.
"IMO, the SEC is crapping their pants - no wonder all the reports from the races say that UC, etc, aren't worried - we have the SEC by the balls!" RESPONSE: Think again. It wasn't the SEC that did not file. It wasn't the SEC that filed the improper information. It wasn't the SEC that said they were not required to file. It wasn't the SEC that did not file 10Ks,10Qs, etc.
This is a perfect example of the diversion and distortion being shoved off on shareholders and potential shareholders. It is all a load of misinformation....similar to the Form 15.
Remember, anyone who reposts such a post is just as guilty of posting trash as the original poster.
[ April 18, 2005, 18:00: Message edited by: Wallace#1 ]
Posted by legaleagle on :
StockGate: Note To Depository Trust & Clearing Corp.: This Is What An ‘Opinion’ Looks Like / FinancialWire®
April 18, 2005 (FinancialWire) Personal Privilege By Gayle Essary / We at Investrend were recently as stunned and disturbed as anyone else when the powerful and reclusive Depository Trust & Clearing Corp. became a prime suspect in the sudden and inexplicable “indefinite postponement” by General Electric’s (NYSE: GE) “Dateline NBC” of what was expected to have been a shocking expose of the DTCC’s purported role now and over the years in the counterfeiting of electronic certificates supporting illegal naked short sales.
After all, the DTCC is presided over by such otherwise seemingly responsible and luminous institutions as the NASD and the NYSE, its two “preferred” shareholders, along with Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), and John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER).
Surely none of these would be party to shenanigans that lead to the censorship or disabling of any media. But wait, you say, there is no proof. Maybe, not yet, but we don’t have to wait for proof that the DTCC engages in such un-American activities as press censorship.
The DTCC, an agent of SROs that gives it quasi-government status, has admitted outright that it has engaged in communications that are not only tortuous interference but that more to the point, seem to have put it in the glaring headlights of the First Amendment to the Constitution of the United States of America, that protects media from interference by any government institution:
“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.”
In the letter, attorney Charles S. Sims, in classic Orwellian double-speak, actually references the First Amendment as giving his clients the right to interfere with another’s First Amendment rights. Which, of course, is how we wind up here further exercising our opinion about his opinion about our opinion of the First Amendment, ad infinitus, we guess. The only difference is that neither this opinion nor our regular news are now distributed to the readers of Investors Business Daily or to finance news users at Yahoo (NASDAQ: YHOO), because the DTCC didn’t just express its opinion. Its communications were designed to squelch our rights to publish, and resulted in Investors Business Daily immediately taking down our news feed.
What was the “First Amendment opinion” stated by the DTCC that cause this harm not only to our business but also to our rights of free expression? It was that FinancialWire is “not a bona fide news” provider.
We beg to differ, of course. No, we are adamant in our differing. If our news articles leaned against counterfeiting of shares and naked short sales that’s because we have been working under the illusion that both are actually illegal. We have to say, however, that the recent postings by bureaucratic staff members on the SEC.gov site that says “not all naked short selling” is illegal and further, that those who did engage in illegal naked short sales before the beginning of 2005 have been granted a kind of stock market manipulation “amnesty” by a “grandfathering” that to our knowledge was neither asked for nor approved by the Congress or the President was another shocker that by now has just been layered on to a cacophony of shockers. However, in the end that is something our readers will and can sort out and judge. Our readerships continue to grow rather phenomenally, even after the loss of these two outlets, so if you accept this readership growth as the measure, the “opinion” of the DTCC is dead wrong.
Whatever the case, the bottom line is that the readers at Investors.com and Yahoo! Finance no longer get to make that choice. The DTCC has made that choice for them.
If you’re a user of one of those services and that’s okay with you, we have no concerns. If it’s not okay with you, you can express your own opinion of this press censorship and interference to other media, to the two outlets, to the DTCC, to the two “preferred shareholders,” to any of the 21 DTCC board members, or in whatever means suits you. Why did we call this un-American? First and foremost, you can contrast the variety of news you receive in America due to our Constitutional protections to those the public is allowed to receive in say, China, or say, Syria, or say, Myanamar, or say, Russia, or any authoritarian government. The press is your proxy. You do not have the time to ask questions or to dispute the statements of governments, institutions, or bureaucracies, so it is the role of the media to do that for you.
When an institution such as the DTCC takes it upon itself to decide for you what is news and what is not, simply because it does not like what it is reading, or it is asking too many questions or raising disturbing issues, we have a difficult time not seeing parallels.
Perhaps you were not yet an adult or fully aware of the press restrictions in oppressive regimes such as the Nazis or the Communists, but you most certainly were aware only four years ago that Russian President Vladimir Putin unilaterally shut down NTV, the only non-state-owned television channel in Moscow and replaced it with state-employed reporters and producers. You have surely seen the results of this in the scant Russian coverages of the Moscow theatre and school hostage situations, not to mention the Yukos debacle.
Maybe this comparison of the DTCC and Putin is more graphic to us because we were actually in Moscow when NTV was being shut down. This writer was on other business but accompanying the partner of Ted Turner, who was seeking to acquire NTV. Turner and our mutual business colleague met with Putin and in classic Turnerese, lectured the Russian president on the importance of a free press in his desires for a free market economy.
Putin would have nothing to do with Turner’s arguments, but did keep up the charade of allowing potential acquisition meetings to occur throughout the week this writer was present. Meanwhile the owner of NTV had already fled the country, and his second-in-command was under house arrest. We had the privilege of having an outing one evening with a dozen or so of the brave NTV editors, writers and producers, along with our business colleague, and they were already living in fear. They had their own armed guards stationed at all of the exits, to attempt to repel any sudden Putin-directed forces.
This writer shared an automobile back to the Metropole Hotel, whose balcony Lenin used to direct his revolution, and we were a little uneasy at various checkpoints since the hotel already had us mistakenly involved in the acquisition, and the Metropole was famously known to have been bugged. When our colleague was out, the hotel had called our room to ask us to retrieve a fax to him from Ted Turner, so if there was a sweep, we knew we were going to be in it.
Having escaped all this intact, it never occurred to us that Putin would be waiting for us back on American shores.
So, now that we have begun here to actually express “opinions not news,” which is an equally responsible role for the media, we’re going to move right on to three opinions:
1. The Depository Trust and Clearing Corp. has become too large, too encompassing, too powerful, too unresponsive to those it serves, primarily the investing public, too unresponsive to the Congress under whose auspices it should be operating, and most of all, too arrogant.
2. First, it is time to unconflict it, with real public representations on its board.
Second, it is time to break it up, with its various duties provided by smaller agencies under separate unconflicted boards.
2. General Electric, the world’s second largest corporation, is beginning to show that it can not be both a multinational comglomerate and a faithful media steward.
First, it is time for General Electric to think about divesting NBC to a group whose sole business is to manage a free, untethered press and media establishment.
Second, if it will not do that, then it should put its news operations in the hands of an independent, journalistic board that is not answerable to the conglomerate. This is not a bad idea for CBS, ABC and FOX as well.
3. The SEC should take its unilateral decision about legal illegal naked short sales and its amnesty program to Congress and get its authority, or at the least, vote up or down at the Commission before letting its staff double-speak away law-breaking and law breakers.
So, now, DTCC, you have three examples of “opinion” to point to. Why that disqualifies us from First Amendment protection or protection from your bullying, tortuous interferences, however, is beyond us.
Now, before ending this opinion piece, let’s enumerate your bosses, since we have not yet heard from them as to whether they support your Un-American tactics:
The DTCC’s two preferred shareholders are the New York Stock Exchange and the NASD, a regulatory agency that also owns the Nasdaq and until recently, the American Stock Exchange. Other DTCC board members include Michael C. Bodson, Managing Director, Morgan Stanley (NYSE: MWD); Gary Bullock, Global Head of Logistics, Infrastructure, UBS Investment Bank (NYSE: UBS); Stephen P. Casper, Managing Director and Chief Operating Officer, Fischer Francis Trees & Watts, Inc.; Jill M. Considine,Chairman, President & Chief Executive Officer, The Depository Trust & Clearing Corporation (DTCC);
Also, Paul F. Costello, President, Business Services Group, Wachovia Securities (NYSE: WB); John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER); Donald F. Donahue, Chief Operating Officer, The Depository Trust & Clearing Corporation (DTCC); Norman Eaker, General Partner, Edward Jones; George Hrabovsky, President, Alliance Global Investors Service; Catherine R. Kinney, President and Co-Chief Operating Officer, New York Stock Exchange; Thomas J. McCrossan, Executive Vice President, State Street Corporation (NYSE: STT); Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); and Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), Eileen K. Murray, Managing Director, Credit Suisse First Boston (NYSE: CSR); James P. Palermo, Vice Chairman, Mellon Financial Corporation (NYSE: MEL); Thomas J. Perna, Senior Executive Vice President, Financial Companies Services Sector of The Bank of New York (NYSE: BNY); Ronald Purpora, Chief Executive Officer, Garban LLC; Douglas Shulman, President, Regulatory Services and Operations, NASD; and Thompson M. Swayne, Executive Vice President, JPMorgan Chase (NYSE: JPM).
Gayle Essary is CEO of Investrend Communications, Inc., and serves its Investrend Information unit as Publisher of FinancialWire. He has been a practicing journalist since 1958, is a member of the Online News Association and has been a member of both the Texas and National Press Association.
quote:Originally posted by legaleagle: Satisfied shareholders: 1004
Wallace and merry men: 6 or 7
SPECULATION IN BOTH STMTS.
legal and others in his pew: Deceived, but satisfied.
Posted by Wallace#1 on :
That's an old post that has shown up before, legal. Is he asking $25 to join too?
Posted by legaleagle on :
StockGate: Note To Depository Trust & Clearing Corp.: This Is What An ‘Opinion’ Looks Like / FinancialWire®
April 18, 2005 (FinancialWire) Personal Privilege By Gayle Essary / We at Investrend were recently as stunned and disturbed as anyone else when the powerful and reclusive Depository Trust & Clearing Corp. became a prime suspect in the sudden and inexplicable “indefinite postponement” by General Electric’s (NYSE: GE) “Dateline NBC” of what was expected to have been a shocking expose of the DTCC’s purported role now and over the years in the counterfeiting of electronic certificates supporting illegal naked short sales.
After all, the DTCC is presided over by such otherwise seemingly responsible and luminous institutions as the NASD and the NYSE, its two “preferred” shareholders, along with Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), and John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER).
Surely none of these would be party to shenanigans that lead to the censorship or disabling of any media. But wait, you say, there is no proof. Maybe, not yet, but we don’t have to wait for proof that the DTCC engages in such un-American activities as press censorship.
The DTCC, an agent of SROs that gives it quasi-government status, has admitted outright that it has engaged in communications that are not only tortuous interference but that more to the point, seem to have put it in the glaring headlights of the First Amendment to the Constitution of the United States of America, that protects media from interference by any government institution:
“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.”
In the letter, attorney Charles S. Sims, in classic Orwellian double-speak, actually references the First Amendment as giving his clients the right to interfere with another’s First Amendment rights. Which, of course, is how we wind up here further exercising our opinion about his opinion about our opinion of the First Amendment, ad infinitus, we guess. The only difference is that neither this opinion nor our regular news are now distributed to the readers of Investors Business Daily or to finance news users at Yahoo (NASDAQ: YHOO), because the DTCC didn’t just express its opinion. Its communications were designed to squelch our rights to publish, and resulted in Investors Business Daily immediately taking down our news feed.
What was the “First Amendment opinion” stated by the DTCC that cause this harm not only to our business but also to our rights of free expression? It was that FinancialWire is “not a bona fide news” provider.
We beg to differ, of course. No, we are adamant in our differing. If our news articles leaned against counterfeiting of shares and naked short sales that’s because we have been working under the illusion that both are actually illegal. We have to say, however, that the recent postings by bureaucratic staff members on the SEC.gov site that says “not all naked short selling” is illegal and further, that those who did engage in illegal naked short sales before the beginning of 2005 have been granted a kind of stock market manipulation “amnesty” by a “grandfathering” that to our knowledge was neither asked for nor approved by the Congress or the President was another shocker that by now has just been layered on to a cacophony of shockers. However, in the end that is something our readers will and can sort out and judge. Our readerships continue to grow rather phenomenally, even after the loss of these two outlets, so if you accept this readership growth as the measure, the “opinion” of the DTCC is dead wrong.
Whatever the case, the bottom line is that the readers at Investors.com and Yahoo! Finance no longer get to make that choice. The DTCC has made that choice for them.
If you’re a user of one of those services and that’s okay with you, we have no concerns. If it’s not okay with you, you can express your own opinion of this press censorship and interference to other media, to the two outlets, to the DTCC, to the two “preferred shareholders,” to any of the 21 DTCC board members, or in whatever means suits you. Why did we call this un-American? First and foremost, you can contrast the variety of news you receive in America due to our Constitutional protections to those the public is allowed to receive in say, China, or say, Syria, or say, Myanamar, or say, Russia, or any authoritarian government. The press is your proxy. You do not have the time to ask questions or to dispute the statements of governments, institutions, or bureaucracies, so it is the role of the media to do that for you.
When an institution such as the DTCC takes it upon itself to decide for you what is news and what is not, simply because it does not like what it is reading, or it is asking too many questions or raising disturbing issues, we have a difficult time not seeing parallels.
Perhaps you were not yet an adult or fully aware of the press restrictions in oppressive regimes such as the Nazis or the Communists, but you most certainly were aware only four years ago that Russian President Vladimir Putin unilaterally shut down NTV, the only non-state-owned television channel in Moscow and replaced it with state-employed reporters and producers. You have surely seen the results of this in the scant Russian coverages of the Moscow theatre and school hostage situations, not to mention the Yukos debacle.
Maybe this comparison of the DTCC and Putin is more graphic to us because we were actually in Moscow when NTV was being shut down. This writer was on other business but accompanying the partner of Ted Turner, who was seeking to acquire NTV. Turner and our mutual business colleague met with Putin and in classic Turnerese, lectured the Russian president on the importance of a free press in his desires for a free market economy.
Putin would have nothing to do with Turner’s arguments, but did keep up the charade of allowing potential acquisition meetings to occur throughout the week this writer was present. Meanwhile the owner of NTV had already fled the country, and his second-in-command was under house arrest. We had the privilege of having an outing one evening with a dozen or so of the brave NTV editors, writers and producers, along with our business colleague, and they were already living in fear. They had their own armed guards stationed at all of the exits, to attempt to repel any sudden Putin-directed forces.
This writer shared an automobile back to the Metropole Hotel, whose balcony Lenin used to direct his revolution, and we were a little uneasy at various checkpoints since the hotel already had us mistakenly involved in the acquisition, and the Metropole was famously known to have been bugged. When our colleague was out, the hotel had called our room to ask us to retrieve a fax to him from Ted Turner, so if there was a sweep, we knew we were going to be in it.
Having escaped all this intact, it never occurred to us that Putin would be waiting for us back on American shores.
So, now that we have begun here to actually express “opinions not news,” which is an equally responsible role for the media, we’re going to move right on to three opinions:
1. The Depository Trust and Clearing Corp. has become too large, too encompassing, too powerful, too unresponsive to those it serves, primarily the investing public, too unresponsive to the Congress under whose auspices it should be operating, and most of all, too arrogant.
2. First, it is time to unconflict it, with real public representations on its board.
Second, it is time to break it up, with its various duties provided by smaller agencies under separate unconflicted boards.
2. General Electric, the world’s second largest corporation, is beginning to show that it can not be both a multinational comglomerate and a faithful media steward.
First, it is time for General Electric to think about divesting NBC to a group whose sole business is to manage a free, untethered press and media establishment.
Second, if it will not do that, then it should put its news operations in the hands of an independent, journalistic board that is not answerable to the conglomerate. This is not a bad idea for CBS, ABC and FOX as well.
3. The SEC should take its unilateral decision about legal illegal naked short sales and its amnesty program to Congress and get its authority, or at the least, vote up or down at the Commission before letting its staff double-speak away law-breaking and law breakers.
So, now, DTCC, you have three examples of “opinion” to point to. Why that disqualifies us from First Amendment protection or protection from your bullying, tortuous interferences, however, is beyond us.
Now, before ending this opinion piece, let’s enumerate your bosses, since we have not yet heard from them as to whether they support your Un-American tactics:
The DTCC’s two preferred shareholders are the New York Stock Exchange and the NASD, a regulatory agency that also owns the Nasdaq and until recently, the American Stock Exchange. Other DTCC board members include Michael C. Bodson, Managing Director, Morgan Stanley (NYSE: MWD); Gary Bullock, Global Head of Logistics, Infrastructure, UBS Investment Bank (NYSE: UBS); Stephen P. Casper, Managing Director and Chief Operating Officer, Fischer Francis Trees & Watts, Inc.; Jill M. Considine,Chairman, President & Chief Executive Officer, The Depository Trust & Clearing Corporation (DTCC);
Also, Paul F. Costello, President, Business Services Group, Wachovia Securities (NYSE: WB); John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER); Donald F. Donahue, Chief Operating Officer, The Depository Trust & Clearing Corporation (DTCC); Norman Eaker, General Partner, Edward Jones; George Hrabovsky, President, Alliance Global Investors Service; Catherine R. Kinney, President and Co-Chief Operating Officer, New York Stock Exchange; Thomas J. McCrossan, Executive Vice President, State Street Corporation (NYSE: STT); Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); and Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), Eileen K. Murray, Managing Director, Credit Suisse First Boston (NYSE: CSR); James P. Palermo, Vice Chairman, Mellon Financial Corporation (NYSE: MEL); Thomas J. Perna, Senior Executive Vice President, Financial Companies Services Sector of The Bank of New York (NYSE: BNY); Ronald Purpora, Chief Executive Officer, Garban LLC; Douglas Shulman, President, Regulatory Services and Operations, NASD; and Thompson M. Swayne, Executive Vice President, JPMorgan Chase (NYSE: JPM).
Gayle Essary is CEO of Investrend Communications, Inc., and serves its Investrend Information unit as Publisher of FinancialWire. He has been a practicing journalist since 1958, is a member of the Online News Association and has been a member of both the Texas and National Press Association.
legel..nobody in here does not agree thaat n/s is a major problem and i thank you for keeping us up to date on developments but untill 1 of those articles says cmkx is n/s shorted 703 billion shares it ain't gonna help.
Posted by bill1352 on :
well i guess the #1 defence of UC's is out the window today. first its we never keep book so we can't file. then its you can't take us to court because we found the wrong doing not you & we have till the 17th to file. well its the 18th & well after close thus filing would have happened. they were able to figure out the o/s but that would be easy, just look at UC's checkbook & divide by .0002. someone brought up the IRS, wanna bet cmkx, UC, roger glenn & probably a few others are getting audit notices about now? unless of course thats what roger was hired for, get everyone safe from the IRS. he sure didn't do anything for the shareholders.
Posted by Doctoall on :
quote:Originally posted by legaleagle: Satisfied shareholders: 1004
Wallace and merry men: 6 or 7
Legal that should read "Riped Off Shareholders" I cannot imagine anyone being satisfied about this stock unless they are under the influence of the kool-aid Posted by Doctoall on :
quote:Originally posted by bill1352: legel..nobody in here does not agree thaat n/s is a major problem and i thank you for keeping us up to date on developments but untill 1 of those articles says cmkx is n/s shorted 703 billion shares it ain't gonna help.
Bill don't hold your breath you will NEVER see CMKX in any of those articles. They just do not include scams Posted by Wallace#1 on :
Yeah, Bill, the IRS just might be licking their chops with that bunch of money GRUBBERS.
And here we go again with legal reposting and reposting the same old posts he already posted. REDUNDANT!!! INEFFECTUAL!!! BORING!!!
Posted by drgnfly on :
quote:Originally posted by Doctoall:
quote:Originally posted by legaleagle: Satisfied shareholders: 1004
Wallace and merry men: 6 or 7
Legal that should read "Riped Off Shareholders" I cannot imagine anyone being satisfied about this stock unless they are under the influence of the kool-aid
Who the hell would be satisfied with a pps of .00006
Leagle/noah/jb lay off the ca-ca juice.
Posted by drgnfly on :
[ April 18, 2005, 19:44: Message edited by: drgnfly ]
Posted by bill1352 on :
if they are satisfied with how cmkx is doing & the info the company is proving why are they paying $25 to get info on the company's problems?? first time i've ever heard of buying company info.
Posted by Ric on :
And in that article can you please point out were it mentions CMKX? Because I don't see it. Yes NSS exists but were is the proof its exists here. The only proof I see is a 703 billion o/s. And seeing how the A/S was 200 billion on 3/1/2004 thats means this stock was diluted at least 503 billion shares in one year. Thats 2 billion shares a day to the market. Figure half to float and half to UC thats 1 billion shares to market a day. Then double that for the double effect on volume in the penny market would be around 2 billion a day. Now where was there room for NSS????? And the excuse for the huge 2 day volume after suspension. How about the 97 billion shares UC needed to unload on the koolaid drinkers. Oh well you can still dream can't you. Someone was shorted so we must be. UC would never hurt us stockholders because he cares so much. MAybe he will buy us all new homes too.
legaleagle Member
Rate Member posted April 18, 2005 18:18 -------------------------------------------------------------------------------- StockGate: Note To Depository Trust & Clearing Corp.: This Is What An ‘Opinion’ Looks Like / FinancialWire®
Posted by Ric on :
Seems to be a lot of first with this stock like 779billion o/s, selling a stock on the side of a funny car, and hiring to so called best lawyers so you can blame your problems on him.
quote:Originally posted by bill1352: if they are satisfied with how cmkx is doing & the info the company is proving why are they paying $25 to get info on the company's problems?? first time i've ever heard of buying company info.
I contacted my Senator several weeks ago and got a letter back from him just today.Although his reply was actually some what long and in depth,I will share with you the last paragragh of his response.
" I appreciate your making me aware of your concerns and I want you to know that I will contoninue to monitor this situation closly.As legislation regarding financial practices, specifically the short selling of stocks, reaches the floor of the United States Senate, I will be sure to keep your concerns in mind."
I contacted my Congressman also,but his response was somewhat in left field.His reply was basicly, don't worry Social Security will be there.LOL
Posted by Wallace#1 on :
drgnfly,
Don't let legal see that url! It just might disappoint him.
Hwy, really makes you feel good, huh? LOL They're all the same. Suggest you consider voting your Congressman out of office.
Posted by Highwaychild on :
So what are you saying...same old hot air, just blows from different directions?LOL
Posted by legaleagle on :
drgnfly, all shareholders are upset that the company has not released enough information. Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely.
Posted by bill1352 on :
highway, if you think your senator ever saw your letter i have a great diamond mine stock i'm sure you'd love. & you can get in cheap too...lol
Posted by Upside on :
quote:Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely.
That's not really fair Legal. I don't consider myself an immature investor by asking the company to be forthcoming with at minimum, basic information. Any investor would want that out of any investment. It's every shareholders right to know basic information about the company, even on the pinks.
Posted by bill1352 on :
drgnfly, all shareholders are upset that the company has not released enough information. Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely
legel you can't come up with the most off the wall crap i've ever seen...rotflmao..DAMAGE THE COMPANY??????????!!!!!!!!!!!!..my sides hurt. seriously how in the F do you hurt a company with a 703 billion o/s, under investigation by the SEC, a list of behind the door deals to long to start on. a company that pays 1 lawyer what had to be a very large amount for what? so he would go look at a drill running?? news hurt cmkx??? or is it the news might include some truth & that truth will hurt your reality??? or lack there off??
Posted by Highwaychild on :
Bill he somewhat takes care of the city I'm in,always has.Hoping that got me in, but you're probably right.
Posted by bill1352 on :
highway, if thats true & he did read it there are a bunch more in washington that need his help. most letters get taken care of by interns, unless of course your on the big donation list.
Posted by Highwaychild on :
LOL,I know.Also know there is a bunch of chit named after the man around here.I see him speaking on CSPAN alot too.If everyone that played pennys wrote,maybe my voice would be louder.Hey, naked shorting money has purportedly been going into terrorists pockets.It's worth writing about IMO.
Posted by Wallace#1 on :
legal wrote: "Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely." *************************
Was going to respond but you guys capped it off first. You, legal, really consider yourself a mature shareholder with about 1 year of experience? And just what does YOUR maturity or your inside information tell you those reasons are? Specifics!!! And stealing a quote from PG, don't flick any of your wet boogers at us.
Posted by Doctoall on :
legal wrote: "Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely."
What tell us prematurely that CMKX is a "scam" we already know that, so what else is there to know? I once told you to move back from Urban's behind the air is fresher and the world won't look cracked Posted by legaleagle on :
Is there a naked short? (by georgeburns)
georgeburns
member is online
Wherever there is confusion there is profit.
Gender: Posts: 6595 Is there a naked short? « Thread started on: Today at 6:55pm »
Legal what is the brown stuff on the tip of your nose?
CMKX is a scam and you know it, give up the kool aid and get back to reality, that is if you know where reality is. For sure its not believing in CMKX a dead scam company.
Posted by legaleagle on :
artimus711
Registered: 18-3-2005 Member Is Online
Mood: No Mood posted on 19-4-2005 at 03:09
counterfeit stock
counterfeit stock- the next big market scandal?
We know governments act swiftly to reports of counterfeit currency, and punish harshly those convicted of this crime. One of the main reasons is because the counterfeit currency dilutes the value of the genuine currency. Simply put- more pieces of the pie make each piece worth less. This practice makes all currency - genuine and counterfeit less valuable. The other main reason counterfeiting is so harmful is because the counterfeit currency was not issued by the government and so is not backed by the government. The government does not guarantee the value of currency it does not issue. In today's society, we have other instruments of value that are exchanged in huge quantities every day. These instruments are known as stock - also known as 'shares' these shares are used to transfer the value of a portion of a public company from one person to another. The value of these shares fluctuate as the value of the company issuing the shares fluctuates. Companies decide how many shares to issue to the public in order to raise funds to start or expand their business operations. Like a government issuing currency, wise companies issue only enough shares to meet their needs. For the most part companies try not to issue too much stock because they know if too much stock is issued, the value of the stock will decline due to dilution. This falling value will make it necessary for the company to issue more shares than they originally intended because each share sold will generate less money for the company. Wise companies diligently manage their number of outstanding shares (o/s) as to maximize the value of each share. If counterfeit shares were to be sold by a third party, this would have the same negative effects on the value of that stock as counterfeit currency has on genuine currency. The counterfeit stock - stock not issued by the company- would dilute the value of the genuine stock that the company did issue and would also not carry the underlying value that the genuine stock carries. Counterfeit stock is truly worthless, just as counterfeit currency is worthless. Counterfeit stock does irreparable harm to the company and also to the shareholders of genuine stock. It would seem logical then that counterfeiting stock would be a highly illegal practice and as such would be a high priority for the governing bodies to seek out and eradicate to protect the shareholders of public companies. Would you believe me if I told you that not only do the governing bodies not pursue share counterfeiters, that they themselves are the ones doing the counterfeiting? Let me introduce you to a market strategy known as 'short selling'. If a person thinks the shares of a particular company will decline soon, they can 'short sell' that stock. This means they sell that stock to someone else at current prices, hoping the price will decline and they can later purchase that stock to fulfill their obligation to the new buyer. In other words, they sell something they dont own! In the meantime the new buyer has this stock in their account. How is this possible? The short seller 'borrows' the stock from the depository trust clearing corporation -DTCC- and the borrowed stock is placed in the buyer's account. In other words the DTCC takes a legitimate share from the company and 'clones' or counterfeits that share to give to the new buyer. This of course causes there to be more stock in existence than the company intended. This makes it impossible for a company to wisely manage their outstanding share count because they have no knowledge of the newly issued stock. This practice has the same effect on a stock as counterfeit currency has on real currency. If a person wanted to make a stock price to decline in order to make his 'short sell' profitable, all he would have to do is short enough of that stock to cause harmful dilution. this causes the price to decline and the short seller to profit. Short selling becomes a self- fulfilling prophecy if he short sells enough stock! In an ideal market- stock prices of a company rise and fall based on supply and demand. If more people want to buy a stock than sell it, the prices go up to induce holders to sell at a profit to new buyers wanting the stock. If more people want to sell a stock than buy it, the sellers must lower their asking price to induce buyers to purchase the stock. This system works well when the supply of a stock is limited to what the company actually issues to the public. Short selling corrupts this market because a third party is effectively issuing stock in a company which they are not authorized to do - artificially creating an oversupply which negates the effect of buying pressure. In other words, an artificial supply prevents prices from rising when the demand for a stock should cause the price to rise. When a third party steps into a two - party transaction with counterfeit stock for sale, it corrupts the entire premise of a supply/demand market. Short selling causes dilution of a stock because persons or entities are selling stock which they falsely created without the knowledge or permission of the company that the stock is supposedly representing. These 'short' shares were not issued by the company and do not carry the backing of the company. They are just as counterfeit as currency printed in someone's basement. This practice is even more damaging than currency counterfeiting because it is sanctioned, condoned, and carried out by the very regulatory bodies that are supposed to be protecting the shareholders from such unethical tactics. If the police are committing the crime, what are we supposed to do?
Posted by Doctoall on :
CMKX stole my money and gave me useless shares, yes I still have them. Hey legal I will make you a deal, if you say that CMKX is worth so much why not buy my shares at $1.25 each. If you are such a believer you know that this is a deal. Show me your money and not your unrealistic claims.
Come on buy my shares at $1.25 each
Posted by Doctoall on :
Legal post another "useless" piece of crap post. CMKX is a SCAM.
Legal can you say "SCAM" ? Now repeat after me. CMKX is a Scam, now that was not so hard to say was it Legal?
Posted by Upside on :
quote:I would just love the company to release the float count once the shareholders group count reaches twice as much as the float.
It's never going to happen. Who do you think is signing up? People who have a few million? No, you've got the Willys with a billion, the Sterlings with who knows how many and everyone else who bought into this in a huge way. I don't know of anyone here who has signed up and some months ago someone had a running total going of over a billion shares held here, made up of mostly small holdings. Throw 2 or 3 thousand people in there who only hold a million or so, then how do those numbers look?
Posted by Wallace#1 on :
My guess is that the float is quite high. Wouldn't surprise me if UC, family and insiders own much less than the float. That may be why they fear releasing the true numbers, since they did not go to shareholders for any voting. The other possibility is the float is quite high as suggested, but they have a Pfd Stock or something that allows them to get away with it. That means they might have increased the authorized in some underhanded way. Either way, if the float on common stock is higher than what insiders hold, the hue and cry will never end and pieces of UC will be wisked out with a broom. Nothing else makes sense. Otherwise, they would have released the accurate share count information. They are most certainly holding out for some serious reason and it is not secrecy or not knowing the figures. My guess is fear. UC already experienced some of that at the shareholder party in Vegas.
Bear in mind the above SPECULATION is in addition to the problems with the SEC that they brought on themselves. That, too, could be the reason they refused to release share count information. By doing so, they would be admitting they knew they violated the Securities Exchange Act of 1934.
Posted by Doctoall on :
quote:Originally posted by Wallace#1: My guess is that the float is quite high. Wouldn't surprise me if UC, family and insiders own much less than the float. That may be why they fear releasing the true numbers, since they did not go to shareholders for any voting. The other possibility is the float is quite high as suggested, but they have a Pfd Stock or something that allows them to get away with it. That means they might have increased the authorized in some underhanded way. Either way, if the float on common stock is higher than what insiders hold, the hue and cry will never end and pieces of UC will be wisked out with a broom. Nothing else makes sense. Otherwise, they would have released the accurate share count information. They are most certainly holding out for some serious reason and it is not secrecy or not knowing the figures. My guess is fear. UC already experienced some of that at the shareholder party in Vegas.
Bear in mind the above SPECULATION is in addition to the problems with the SEC that they brought on themselves. That, too, could be the reason they refused to release share count information. By doing so, they would be admitting they knew they violated the Securities Exchange Act of 1934.
Wallace your post makes alot of sense, either way they are hiding the truth to protect themselves. But in the end the truth will come out and they will have to face the consequences. I hope that the justice is fair to all involved.
Posted by Wallace#1 on :
I sincerely doubt if shareholders will get anything resembling justice from a monetary point of view. They may, however, get some satisfaction of seeing people responsible go to jail, get disbared and/or see CMKX et al thrown out of the stock market scene.
There may also be some corrections for injustices in the stock market itself, but those are more than likely to be superficial. Remember, those guys have plenty of political contacts too. Here I am speaking of such things as NSS being misused, brokers trading for themselves prior to trading for clients, games specialists and MMs play with bid/ask of stocks, improper accounting procedures by publicly traded companies, cover-ups and the like. I have never said they are completely clean and pure. They do need a good scrubbing. I doubt if that will ever happen to the degree necessary to fully protect shareholders. I think the best we can do is try to outsmart them.
Posted by drgnfly on :
quote:Originally posted by legaleagle: drgnfly, all shareholders are upset that the company has not released enough information. Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely.
oi JB make up your mind!! One minute the shareholders are happy next they are upset... flip flopper!
Posted by Wallace#1 on :
drgnfly, he may not know what "oi" is or means.
Time for me to hit the sack! Good night. Didn't realize it is so late.
Posted by legaleagle on :
DrDiamond comments on george's posts above:
DrDiamond Global Moderator
member is offline
Gender: Posts: 897 Re: Is there a naked short? « Reply #37 on: Today at 8:01pm »
-------------------------------------------------------------------------------- I agree that the NSS position is more evident now than it ever has been.
When one considers that Ed Dhonau, Urban Casavant and Family members, Rendall Williams, etc... are probably some of the largest share holders of the O/S (51% and up) have not signed on with Frizzell, but these giant shareholders are counted as only one each share holder.
I guess what I am getting at is it would be safe and fair to reduce the O/S by the shares we know are not accounted for with Frizzell, which would be 51% or better for the purpose of running the calculations.
Otherwords, the O/S is reportedly approx 704 billion. 296 billion were reported to be in certificates and 407 billion in street name. We know the company has to have 51% to make the decisions that they have been making without our input.
So, if the company owns 250 billion certificated shares of the 296 billion (Which I doubt very much, probably more like 100 billion) then to have 51% control, Urban would need another approx 152.5 billion shares of the street name shares to have control.
Thus, the 407 billion street quickly would reduce by at least 152.5 billion and probably more like 300 billion. This would cause the probable NSS position totals through George's calculations to rise significantly as the available street are more in the neighborhood of 100 billion to 254.5 billion.
The company has to have these to control and these huge shareholders are counted as only one and not even calculated into Frizzell's Group.
Reduce the known O/S by the 51% needed to control the company, as it will not be represented by Frizzell, I wouldn't think, and you would easily double George's calculations bringing a probable NSS position up to nearly 4.5 to 5 trillion. That is a "market nightmare"!
Add to that the serious defaults that the market would have had on USCA pre and post split, and you can see why the pressure is still there to pull it down.
Add to that CIM that the markets cannot touch, especially if you pull certs on the stock dividend.
Add to that GEMM and one begins to get a picture of that serious problem that CMKX has caused to these short positions in more than one way.
AND, it isn't over, because as long as CMKX is alive and breathing they can continue to payout share dividends and pressure the market that much more. So why would the SEC be trying to kill CMKX? Go figure. We still have 20 billion CIM, 200 billion SGGM, and who knows what else?
Also take into account that George only used the 29,000 shareholders getting the rounded fractions from USCA. My low estimation would be that CMKM Diamonds has around 50,000 shareholders or more, so this too would bump the numbers higher.
Thanks George. Nice work.
These are just my opinions and I ask that you treat them as such.
first with the correct wording in the articles of incorporation you do not need 51% of the common shares to hold 51% of the vote. this could be changed at any point in nevada, this is why less then honest companies move there. remember UC moved this from deleware to nevada. second any prefered shares could hold any number of votes per shares, this is why very, very few stocks have 51% or better owned by the insiders. since we know nothing about share structure its safe to say UC's butt is covered on this & more then likely this is what Roger was there for..i stand by my prediction...the float is 550 to 600 billion at least.
Posted by Wallace#1 on :
bill wrote: "second any prefered shares could hold any number of votes per shares..."
That is precisely what I have been saying all along. If the number of votes (even if it is 1 vote) of a Pfd can dictate over the control by the Common Stock, that is referred to as a Voting Arrangement. NYSE companies are not permitted to do such as that. Prior to being listed Voting Arrangements and Conflicts of Interest MUST be terminated. If they try to pass one while being listed, it will be terminated or the company will be delisted from the NYSE. That is another of the many reasons why OTCBB and PINKS are considered to be extremely risky.
bill also wrote: " stand by my prediction...the float is 550 to 600 billion at least."
I agree.
Posted by Doctoall on :
With a float of 550 to 600 billion there is not a snowballs chance in hell that the shareholders will see one penny for their entire portfolio.
I hope that no more people get suckered into this POS. Posted by bill1352 on :
but Doc, UC needs a new Porchse for the driveway of his new home...lol
Posted by Doctoall on :
quote:Originally posted by bill1352: but Doc, UC needs a new Porchse for the driveway of his new home...lol
Will he need one in South America ? Posted by legaleagle on :
Shareholder Association
Today April 19
Street Shares: 83,419,032,731 Cert Shares: 11,265,122,349 Total Shares: 94,684,155,080 Signed Agreements: 1079
Average shares per shareholder: 87,751,766
Posted by Doctoall on :
Billions and Billions still to go. What a scam to many shares to count Posted by ed19363 on :
quote:Originally posted by legaleagle: Shareholder Association
Today April 19
Street Shares: 83,419,032,731 Cert Shares: 11,265,122,349 Total Shares: 94,684,155,080 Signed Agreements: 1079
Talk about a lost cause....sheesh. Average shares per shareholder: 87,751,766
Posted by imakmony2005 on :
SHOOT IT!! SHOOT IT !! MISSED AGAIN.
Posted by Doctoall on :
quote:Originally posted by imakmony2005: SHOOT IT!! SHOOT IT !! MISSED AGAIN.
Why shoot a dead horse, we need to move the carcass into Legal's bedroom so that he can see that its DEAD, if he can't see it for sure he will smell it Posted by bill1352 on :
Street Shares: 83,419,032,731 Cert Shares: 11,265,122,349 Total Shares: 94,684,155,080 Signed Agreements: 1079
======================
ok how many companies out there have 50% of that number in tyhe o/s? there are a few & 2 are cmkx buddies that have that many in the a/s but o/s?? if UC isn't be best conman in history i'll wear the sundress. they could be n/s 500 billion & find the biggest diamond strike in history & never get the pps over .0002.
Posted by ed19363 on :
Pete: Hi, Al. Sure is a smart-looking dog you got there. Al: He really is pretty smart. Watch this. Rover, what does a tree have on its sides? Rover: BARK Al: Good boy. What does sandpaper feel like? Rover: RUFF Al: Okay, what is on top of the house? Rover: ROOF Al: What you think of that, Pete? Pete: Pretty good, but let's try a tough one. Rover, what's your opinion of CMKX? Rover lies down, covers his eyes with his paws, growls, rolls over and plays dead.
Posted by Ric on :
You what is sad. When the SEC revokes this, and I just don't see how it want get revoked, I can see within 24 hours that the longs, lol, will have this new glorious theory on how this is a good thing and how they will come back and all be millionaires. They will never get it.
Posted by drgnfly on :
Fyi.... USCA is late on their filings...
Here we go again!
Posted by Wallace#1 on :
Ric,
Sorry about your wife in the hosp again. Seems like it's every other week. Wish you both well.
Posted by Binky on :
Looks like Urban is front page news in Melfort again. =========================================== Casavant Mining/CMKM in hot water again Casavant Mining International (CMKM Diamonds Inc.), who has land holdings in the Fort a la Corne area, is in hot water again with another regulatory body, this time in the United States.
By Colin McGarrigle of The Journal Tuesday April 19, 2005
Melfort Journal — Casavant Mining International (CMKM Diamonds Inc.), who has land holdings in the Fort a la Corne area, is in hot water again with another regulatory body, this time in the United States. The U.S. Securities and Exchange Commission (SEC) suspended trading of CMKM shares on March 16 and then ordered that a public administrative proceeding be held in regards to concerns the SEC has about the company. The SEC has stated that it had concerns over the adequacy and accuracy of publicly available information concerning CMKM's assets, liabilities, share structure, stock issuances, corporate management and other business activities. During the public administrative proceeding, which no details have been provided regarding, CMKM could be subject to suspension or revoking of the company's securities from the Exchange Act. The action by the SEC came about after CMKM filed a form with the SEC that contained errors regarding the number of shareholders the company had. CMKM stated in the form that they only had 300 shareholders in July 2003, when in fact they had 698 shareholders. Because of that number, the company was required to file quarterly reports, which they failed to do. Urban Casavant, CEO of CMKM said he hopes to see CMKM continue to trade shares of the Pink Sheets. "In the event the SEC determines that a suspension or revocation is in order, then aside from our compliance with such order, we will utilize our best efforts to provide minimum basic information to our stockholders, allowing for CMKX to continue trading on the Pink Sheets," said Casavant. The company is still in hot water in Saskatchewan, as the Securities Division of the Saskatchewan Financial Services Commission (SFSC) placed a Cease Trade Order on the company back on October 28, 2004. The order was extended indefinitely on November 9, 2004 when the company did not address any concerns that the SFSC had. The SFSC claimed in their original Cease Trade Order that CMKM was not registered while trading in securities, issued no receipts for these securities and made statements which they knew were misrepresentations. Vic Pankratz of the SFSC told the Journal last week that their concerns have still not been addressed and that the Cease Trade Order against CMKM is still in place.
Posted by drgnfly on :
Binky:
and still dimwits call this the stock play of da lifetime!!!
Posted by Doctoall on :
quote:Originally posted by Binky: Looks like Urban is front page news in Melfort again. =========================================== Casavant Mining/CMKM in hot water again Casavant Mining International (CMKM Diamonds Inc.), who has land holdings in the Fort a la Corne area, is in hot water again with another regulatory body, this time in the United States.
By Colin McGarrigle of The Journal Tuesday April 19, 2005
Melfort Journal — Casavant Mining International (CMKM Diamonds Inc.), who has land holdings in the Fort a la Corne area, is in hot water again with another regulatory body, this time in the United States. The U.S. Securities and Exchange Commission (SEC) suspended trading of CMKM shares on March 16 and then ordered that a public administrative proceeding be held in regards to concerns the SEC has about the company. The SEC has stated that it had concerns over the adequacy and accuracy of publicly available information concerning CMKM's assets, liabilities, share structure, stock issuances, corporate management and other business activities. During the public administrative proceeding, which no details have been provided regarding, CMKM could be subject to suspension or revoking of the company's securities from the Exchange Act. The action by the SEC came about after CMKM filed a form with the SEC that contained errors regarding the number of shareholders the company had. CMKM stated in the form that they only had 300 shareholders in July 2003, when in fact they had 698 shareholders. Because of that number, the company was required to file quarterly reports, which they failed to do. Urban Casavant, CEO of CMKM said he hopes to see CMKM continue to trade shares of the Pink Sheets. "In the event the SEC determines that a suspension or revocation is in order, then aside from our compliance with such order, we will utilize our best efforts to provide minimum basic information to our stockholders, allowing for CMKX to continue trading on the Pink Sheets," said Casavant. The company is still in hot water in Saskatchewan, as the Securities Division of the Saskatchewan Financial Services Commission (SFSC) placed a Cease Trade Order on the company back on October 28, 2004. The order was extended indefinitely on November 9, 2004 when the company did not address any concerns that the SFSC had. The SFSC claimed in their original Cease Trade Order that CMKM was not registered while trading in securities, issued no receipts for these securities and made statements which they knew were misrepresentations. Vic Pankratz of the SFSC told the Journal last week that their concerns have still not been addressed and that the Cease Trade Order against CMKM is still in place.
Nice find, but the kool aid dispenser (Legal) and the drinkers will never believe it. I am sure that they will have a comeback that is very far from reality. Posted by Doctoall on :
Casavant Mining/CMKM in hot water again Casavant Mining International (CMKM Diamonds Inc.), who has land holdings in the Fort a la Corne area, is in hot water again with another regulatory body, this time in the United States
Looks like our boy Urban" is well known and familiar with hot water Looks like moving back to Canada is not the answer, maybe South America!!!!!
Posted by bill1352 on :
i cant understand how the cult doesn't see that UC does not want to report. he tells they he does not want to report. if he did he would have reported at least some of the real info by now if for no other reason then to end some of this. wanna bet when the judge asks for needed info UC says its not available?
"In the event the SEC determines that a suspension or revocation is in order, then aside from our compliance with such order, we will utilize our best efforts to provide minimum basic information to our stockholders, allowing for CMKX to continue trading on the Pink Sheets,"
he is saying its none of your business, you dont need to know share structure, any test results, company income, where we spend money, just shut up & buy shares. its said there is a fool born everyday but this is ridiculus
Posted by legaleagle on :
Street Shares: 91,911,478,864 Cert Shares: 12,495,003,983 Total Shares: 104,406,482,847 Signed Agreements: 1189
Posted by WinsumLosesum on :
Just some news from the neighborhood:
Kensington Resources Ltd.: Diamond Results for Drillhole 04-140-051 from Fort a la Corne Kimberlite 140/141 Business Wire - April 20, 2005 09:01
VANCOUVER, British Columbia, Apr 20, 2005 (BUSINESS WIRE) -- Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) announces the recovery of 68 macrodiamonds weighing 18.56 carats, including the previously announced 10.53 carat stone, from large diameter drillhole 04-140-051 targeted on Fort a la Corne Kimberlite 140/141 drilled during the 2004 Evaluation Program.
The total estimated mass of kimberlite excavated from 04-140-051 was 147.93 tonnes of which 118.73 tonnes of material greater than 1.5 mm in size were retained for recovery of commercial-sized diamonds. Minibulk samples were shipped to the De Beers' dense media separation plant located in Grande Prairie, Alberta for the first stage of diamond recovery procedures, followed by final diamond recovery in an ultra-high security facility in Johannesburg, RSA. A summary of sampling information and diamond recovery results for this drillhole is shown in Table 1.
Table 1: Summary of Macrodiamond Recovery for Minibulk Samples from Drillhole 04-140-051
Posted by Doctoall on :
The major differences between Kensington and CMKX are:
Kensington REPORTS CMKX DOES NOT REPORT Kensignton HAS Diamonds CMKX Does NOT have diamonds
Kensington has Homest people running the show CMKX has a bunck of unstable characters.
CMKX will "Never" be a Kensington Posted by Wallace#1 on :
Critical information:
"Vic Pankratz of the SFSC told the Journal last week that their concerns have still not been addressed..."
Fear? Don't want the SEC to see any of it? Don't want shareholders to see any of it? They certainly appear to be really doing their best to hide something.
Posted by legaleagle on :
I'll agree,finally, yes they are trying to hide something. Fear? No
Posted by Doctoall on :
quote:Originally posted by legaleagle: I'll agree,finally, yes they are trying to hide something. Fear? No
Fear "yes" fear that they will have to pay the price for deception of shareholders. Fear of going to jail Posted by legaleagle on :
A Viet Nam Vet's VEGAS RACE RECAP (a little rough around the edges)
By: richardhead11 19 Apr 2005, 11:21 PM EDT Msg. 198112 of 198120 Jump to msg. #
I asked Ed Dhonoue if there was really a naked short, he replied you better believe it, and the SEC knows it as well. CMKX lawyers represent CMKX, Frizzell represents the shareholders, Ed said retaining Frizzell was the best thing that could have happened for shareholders.
By: richardhead11 19 Apr 2005, 06:08 PM EDT Msg. 197867 of 198127 (This msg. is a reply to 197860 by wbill013.) Jump to msg. #
wbill013 RE: I will tell you what, if Urban/CMKX come out in support of Frizzell in a PR, I will
CMKX cannot do this. Ed Dhonoue told several of us Frizzell was the best thing to happen for CMKX shareholders. Do you know deli dog, he is respected on pal talk and will confirm. Ed also said there is definetly a naked short and the SEC knows it, and wanted CMKX to go away, but now with Frizzell representing share holders the SEC is back against the wall and cannot let CMKX go away, they have to face the music, Ed Dhonoue's words. Later
By: richardhead11 19 Apr 2005, 04:38 PM EDT Msg. 197805 of 198127 (This msg. is a reply to 197641 by Trade_to_Live.) Jump to msg. #
Trade and quiet RE: Frizzell and the $25 I just spent over $1200.00 going to Las Vegas so I could personally voice my appreciation and support to the CMKX team and race crew. Do you think I would hesitate or think twice about sending Mr. Frizzell $25 to represent me in front of the SEC to help protect my investment, give me a break!! Any one who does not send the man the $25 bucks and state their number of shares held for the record is either a fool or a cheap azz.
By: richardhead11 19 Apr 2005, 01:05 PM EDT Msg. 197622 of 198127 (This msg. is a reply to 197618 by mquietstorm3.) Jump to msg. #
quiet, I was at the races in Las Vegas for 4 days and talked with everybody of importance. Easy is a fool. I will take the advise of Ed Dhonoue, Mike Williams and Urban and support Mr. Frizzell.
By: richardhead11 19 Apr 2005, 12:53 PM EDT Msg. 197614 of 198128 Jump to msg. #
Ed Dhonoue and other VIPs in Las Vegas personally
told me the hiring of Attorney Frizzell was the best thing to happen for CMKX shareholders. The SEC best interest is investor's and now they are up against the wall cause now we have a law firm representing shareholders. I just filled out the application and sent my $25 in, the Green Baron Ed supports the law firm 100% as well. The more shareholders and their share count will look better when Mr. Frizzell represents us at the hearing, numbers are strength! Here is the application:
So the faithfull rallies, the loosers gather and Legal continues to mix the kool aid.
CMKX is nothing but trash and has no value, they have a bunch of dry claims in Sask, a site that Urban cannot visit because the Canucks are looking for him.
Geez give it up. We have all lost money on this and we do not need anymore salt in the wounds.
CMKX is scamming and running scared Posted by Doctoall on :
Legal: I still did not see you take up on my offer to sell you my shares at $1.25 each. If you have so much faith in CMKX that should be a drop in the bucket compared to waht you would stand to make Right/// NOT Posted by legaleagle on :
Currently buying at .00006
Posted by Wallace#1 on :
For those of you who did not understand how a Pfd Stock can create control of a company over Common Stock or have never seen such an example of a "Voting Arrangement", note the following from another company:
"AS BENEFICIAL OWNER OF ALL OF THE SHARES OF OUR SERIES A PREFERRED STOCK, OUR CHAIRMAN AND PRESIDENT CAN CONTROL OUR AFFAIRS.
Through his controlling ownership interest in **** Services, Inc., our Chairman, Mr. ****** *****, may be deemed to beneficially own all of our issued and outstanding Series A Preferred Stock. The holders of our Series A Preferred Stock are entitled to vote together with holders of our Common Stock, as a single class, on all matters on which the holders of our Common Stock are entitled to vote. On any such matter, the holders of our Series A Preferred Stock are may cast votes equal to 52 % of the total votes entitled to be cast by holders of the issued and outstanding Common Stock. As beneficial owner of our Series A Preferred Stock, Mr. ***** is able to control us and direct our affairs, by, among other things:
o electing a majority of our directors;
o causing an increase in our authorized capital; or
o causing our dissolution, merger or the sale of substantially all of our assets.
The controlling voting power of the holders of our Series A Preferred Stock might also impede or prevent a change of control. As a result of that controlling voting power, potential acquirers may be discouraged from seeking to acquire control of us through the purchase of Common Stock, which could have a depressive effect on the market price of our securities.
NOTE: It is that simple, and with CMKX, it could have been done through CIM, by other companies he controls, just by UC holding the Pfd himself or by other means.
Posted by Doctoall on :
quote:Originally posted by legaleagle: Currently buying at .00006
Oh yea of little faith!!!! This post says it all, you have no faith in your pumped stock. I am willing to sell to you at $1.25 a share because you are so confident that CMKX has potential. I see how much faith you really have =ZIP Scam Stock
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: Currently buying at .00006
You deserve what you get!
Posted by bill1352 on :
legel, you finally came up with an almost convincing argument to buy cmkx...the buying pps of .00006, now if it isnt shut down 1 day you might get lucky & sell at .0001..40% profit...wow, maybe i'll join the cult, i know we can pump this back to .0001...lol
Posted by ed19363 on :
quote:Originally posted by legaleagle: I'll agree,finally, yes they are trying to hide something. Fear? No
OMG....Do I detect a negative chink in Mr. PositiveSpin's post? Wonder what they're trying to hide?? I mean, other than that they are completely worthless and trying to stay out of jail. LOL
Posted by bill1352 on :
ed, come on now, you've been around long enough. they are hiding diamonds so big they break drill bits. they have bags of diamonds hidden in that wharehouse, right next to the core samples...oh ya, LOCKED wharehouse. you must keep this kind of stuff secure. on a personal note & bought & installed a nice new Master Lock on my shed so i too have a LOCKED wharehouse. i think i'm going to start a company & issue shares.
Posted by Wallace#1 on :
bill,
Did you mean warehouse or whorehouse? LOL
Posted by bill1352 on :
both...the whorehouse will be in the back of the wharehouse..lol wanna buy shares??
Posted by Wallace#1 on :
I'm in at .000000000001! Want 1 sh.
Need chg for a $100 bill. LOL
PS: PM me when it gets that high.
Posted by drgnfly on :
quote:Originally posted by bill1352: ed, come on now, you've been around long enough. they are hiding diamonds so big they break drill bits. they have bags of diamonds hidden in that wharehouse, right next to the core samples...oh ya, LOCKED wharehouse. you must keep this kind of stuff secure. on a personal note & bought & installed a nice new Master Lock on my shed so i too have a LOCKED wharehouse. i think i'm going to start a company & issue shares.
You mean the warehouse held together with duct tape? Or the autobody shop in nevada?
o oi oi!
Posted by ed19363 on :
You just think that's an autobody shop. Actually the oilpans are all full of diamonds. That's how you ship them when you dont want customs to find them.
Posted by bill1352 on :
oh ya..i'm looking at 3 new cases of duct tape at this moment. so wallace my pps is now .0001 & only block shares of 1 million excepted. but if you pump my stock i'll give you my business card, thats worth 2 mill, the cert is printed on the back...lol
Posted by Doctoall on :
The Green Baron is still pumping the crap out of this POS with another PR today Posted by legaleagle on :
Green Baron Report
CMKM Diamonds (CMKX) Update
A representative from The Green Baron Report returned from Las Vegas on Monday afternoon. We did not intend to acquire any new earth shattering information by attending the NHRA races and visiting with key people associated with CMKX. However, our visit confirmed several things, and we will try to pass along what we know.
Urban Casavant, Rendal Williams, Ed Dhonau, Ron Casavant and Michael Williams all attended the races over the weekend full of smiles and seemingly very confident about the Company. Urban let us know that he has the utmost confidence in the lawyers handling the SEC case, not only because they are extremely sharp, but because he feels they have a lot of heart. Ed Dhonau wanted to pass along that whoever hired the attorney working on behalf of the shareholders was extremely smart. Ron Casavant said the CIM delinquency in updating the corporate officers is being taken care of. We also learned that CMKX dividend stock US Canadian Minerals (USCA) will likely be done the SEC this week.
The hearing to determine if there is enough evidence to revoke the registration of CMKX has been scheduled in Los Angeles for May 10. The Green Baron Report believes CMKX will have a very good defense, and together with major support on behalf of shareholders, we think it will be very difficult for a judge to rule against the Company. We still believe CMKM Diamonds has rights to some of the most valuable property in the world based on the minerals in the ground. Several representatives from The Green Baron Report will plan to be in Los Angeles for the hearing.
Posted by Doctoall on :
quote:Originally posted by Doctoall: The Green Baron is still pumping the crap out of this POS with another PR today
Legal just as I said pumping this POS
Posted by Doctoall on :
Urban Casavant, Rendal Williams, Ed Dhonau, Ron Casavant and Michael Williams all attended the races over the weekend full of smiles and seemingly very confident about the Company
SO what did you expect them to say, geez we all screwed and we are all going to jail. These loosers will continue to pump and steal until the doors bang and lock behind them
SEC needs to shut them down now, that is the only way that the shareholders will be protected and prevent others from being taken.
Posted by Upside on :
quote:The hearing to determine if there is enough evidence to revoke the registration of CMKX has been scheduled in Los Angeles for May 10. The Green Baron Report believes CMKX will have a very good defense, and together with major support on behalf of shareholders, we think it will be very difficult for a judge to rule against the Company.
Isn't this hearing about a very simple matter? They have been required to file all along and they didn't. What possible defense can you raise?
Posted by will on :
My dog ate my homework? I was sick, I have note from Dr D?
Posted by Upside on :
Exactly. Any possible defense would be based on ignorance of the requirements, how can that fly?
Posted by bill1352 on :
Uc's top ten excuses for not filing
10.our abacus lost its beads
9. we just got our first computer & didn't know how to use it
8. our complete & honest full filing is in the mail.
7. books? what books? we don't need no stinking books.
6. we had only 30 ppl at the filing party which only gave us 300 fingers & toes, thats why the mix up.
5. we thought filing it with the backwater gazette was good enough. they printed it on pg. 5
4. in an effort to save shareholders money we hired chinese accountants, as soon as they learn to read english we will file.
3. i was sick & have a note from Dr. D
2. our new dog ate the report
& the #1 excuse....you mean ppl want to sell those shares we printed? i thought they were how we made money.
Posted by Upside on :
Or, "No time to file right now, I've got a race to go to. Melvin, take care of it for me."
Posted by will on :
Melvin, what a piece of work that slob is/was. Where is the heap of steaming crap these days?
Posted by Dustoff101 on :
We have'a new a Pope'a, hez'a good a Pope'a, hez mama is nota Itaileano, but hez our a Popea
Posted by Wallace#1 on :
This is what the faithful pumpers call evidence and confident:
"Urban let us know that he has the utmost confidence in the lawyers handling the SEC case, not only because they are extremely sharp, but because he feels they have a lot of heart." 1. "They are sharp." 2. "They have a lot of heart."
Hell, I'm really convinced now! And coming from a p:ss poor manager who claims ignorance.
Posted by drgnfly on :
Latest from pr0b0ards32 Andy confirms Roger Glenn has gone bye bye!
Posted by Thorn on :
I no longer subscribe to the Green Barron, primarily due to how they pushed CMKX and also PNDR. What a work of art that one is as well.
Posted by bullish_pennystocks on :
In my opinion CMKX will not go to SEC hearing..something will happen before that to make all shareholders happy.
Posted by Upside on :
Such as?
Posted by will on :
A spaceship in the shape of diamond will come, take them all away never to be seen again.
quote:Originally posted by Upside: Such as?
Posted by Upside on :
Citigroup!!!!
Posted by Ric on :
They will all get free rides at Neverland
Posted by Highwaychild on :
Time to lock the kids up.LOL
Posted by Marty on :
AAAAAAAHHHHHHH!!!!!!! Sorry......but not really.... Posted by Doctoall on :
quote:Originally posted by bullish_pennystocks: In my opinion CMKX will not go to SEC hearing..something will happen before that to make all shareholders happy.
Maybe they will change the flavor of the kool-aid
We all know that if they make it to the hearing, its all over but the fat lady singing and no doubt she will be at the hearing.
Posted by Wallace#1 on :
Seems to me the faithful have been saying that UC has been buying back stock. Correct? That he owns a good deal of the common stock. Correct? More than 80 billion shs (a bit over 10% of the I/O)?
Then why hasn't he filed under Section 16a of the Securities Exchange Act of 1934? It reads as follows:
Section 16a of the Exchange Act of 1934 REQUIRES that
Every person who is directly or indirectly the beneficial owner of more than 10 percent of any class of any equity security (other than an exempted security) which is registered pursuant to section 12, or who is a director or an officer of the issuer of such security, shall file the statements required by this subsection with the Commission (and, if such security is registered on a national securities exchange, also with the exchange).
Time of filing at the time of the registration of such security on a national securities exchange or by the effective date of a registration statement filed pursuant to section 12(g);
within 10 days after he or she becomes such beneficial owner, director, or officer;
PS: And, obviously, he is not exempted nor is the security. Otherwise, the SEC would not be after them.
[ April 20, 2005, 23:10: Message edited by: Wallace#1 ]
Posted by drgnfly on :
Dividends in CMKX debit cards along with SIPPY CUPS!!!!
Posted by bill1352 on :
mahoo filed his share ownership. but then even tho his is part of cmkx now he seems a bit more on the level. wanna bet he doesn;t last either? UC can't have any hint of honesty around or the game is over.
Posted by Wallace#1 on :
True, mahoo may be the only honest one on board. However, I will withhold drawing conclusions on that one until I see more evidence either way.
The fact that UC brought him on suggests that UC is really running scared and making a last ditch effort or stand. Problem is, the damn fool screwed it up too much already. There is no question as to the SEC violations. There is no question as to where the responsibility for filing rested and still rests. No excuses...including, I am a dummy and did not know, I was ill or I thought someone else should have been responsible!!!
[ April 20, 2005, 23:12: Message edited by: Wallace#1 ]
Posted by Wallace#1 on :
If Maheu filed his ownership, why didn't UC? He has had every opportunity. Since Maheu filed UC knows he should have filed (if he's a beneficial owner), and, since the SEC has been on his back, he sure as hell must know he would be required to file such ownership. That tells me he doesn't even own 80 billion shares or is further violating SEC requirements.
Posted by Upside on :
quote:If Maheu filed his ownership, why didn't UC?
Because then the game would be over.
Posted by Wallace#1 on :
quote:Originally posted by Upside:
quote:If Maheu filed his ownership, why didn't UC?
Because then the game would be over.
So he adds violation to violation. I will SPECULATE here that maybe he doesn't own even as little as 10%. Control must be elsewhere or he has really stepped over every line possible.
Posted by Upside on :
What's one more?
Posted by Wallace#1 on :
Then, the book will really be closed. I get the feeling that this judge is not stupid.
Posted by legaleagle on :
Street Shares: 97,138,697,522 Cert Shares: 12,276,474,879 Total Shares: 109,415,172,401 Signed Agreements: 1262
Posted by Doctoall on :
quote:Originally posted by legaleagle: Street Shares: 97,138,697,522 Cert Shares: 12,276,474,879 Total Shares: 109,415,172,401 Signed Agreements: 1262
Geez sounds like a Jim Jones convention, signing up for the slam down of some more kool aid.
They have a new drink called: ScamAid, it makes you loose touch with reality and gives you a false sense of security. In addition you get skin irritations called CMKX pox and an irritable bowel syndrome called Urbanitis. Just leaves you feeling plain crapy Posted by bill1352 on :
only 593,584,827,599 shares left uncounted legel before you can start on your n/s proof.
Posted by WinsumLosesum on :
WHOA! Somebody's watch must be fast! Look at all them trades before the bell...
Posted by legaleagle on :
Ran across this old, SEC filing by CMKX. Makes very interesting reading.
Yep very interesting, its better than a laxative it helps me right along on the toilet. Legal thanks for the toilet paper Posted by ed19363 on :
You know this stock is boring when you have to resort to old info just to keep the thread open. LOL Come on, legal, we need some new info to chew on. How about a guess when CMKX will post their financials? That should be good for a few laughs.
Posted by bill1352 on :
wow its dead...i'm talking about the thread, the stock is having its funeral may 10th.
Posted by legaleagle on :
A David and Goliath Battle: Shareholders Group Wins Over SEC Demands 4/21/2005 5:50PM CST TYLER TEXAS, Apr 21, 2005 (From CMKX Owners Group) – In the classic David and Goliath battle, a rapidly growing number of stockholders known as the CMKX Owners Group, stockholders owning stock in a mining and exploration company called CMKM Diamonds Inc., have possibly become the first stockholders group ever allowed to intervene in a Securities and Exchange Commission ( SEC) Administrative Hearing. The SEC enforcement division urged denial of the Owners Group motion to intervene regarding the scheduled CMKM Diamonds, Inc., hearing, however, the Law Judge overruled the SEC and granted the Group’s right to intervene. The CMKX Owners Group’s was started by a single CMKX shareholder with the goal of securing as many members as possible, with the purpose to show solid support for its company to the SEC and demonstrate that shareholders consider the SEC actions against the company as harmful to shareholder value and company success. Last week, Chief Administrative Law Judge, Brenda P. Murray, ruled in favor of the CMKX Owners Group, and against the SEC Enforcement Division, allowing the Group to intervene and be represented by attorney Bill Frizzell, at the SEC Administrative Hearing set for May 10, 2005, in Los Angeles, California.On April 6, 2005, Mr. Frizzell filed a Motion for Leave with the court requesting third party participation in the SEC Administrative Hearing against CMKX. Mr. Frizzell was successful in obtaining third party intervention at the dismay of the SEC enforcement division, and will be representing a minimum of over thirteen-hundred shareholders controlling in excess of 110 billion shares of CMKX stock. The CMKX Owners Group is the fastest growing shareholder group in the nation. In the last three-weeks, the Groups membership has grown from one member to over thirteen-hundred members; and the numbers are increasing daily in an effort to show support for the company. What is most interesting, the Group is not forming to attack its company--as most shareholder groups do--it has formed to assure its company is represented fully and fairly by showing a solid shareholder base for the upcoming SEC Administrative Hearing. CMKM Diamonds, Inc. has a large and devoted shareholder base that has concerns regarding the timing of the proceedings being brought by the SEC. How to Join If you are a CMKM Diamonds, Inc., shareholder, and want more information regarding membership in the CMKX Owners Group, information and membership processing is available at www.cmkxownersgroup.com/. SOURCE: CMKX Owners Group The Frizzell Law Firm 305 South Broadway, Suite 302, Tyler, Texas 75702 Phone: 903-595-1921 www.cmkxownersgroup.com Posted by Wallace#1 on :
I don't know if anyone noticed a statement as to the authority/control of shareholders in the Articles of Incorporation of CMKX when the authorized was increased to 800 billion shares. Maybe because the increase came as such a shock to everyone.
Heref, in part, is that amendment:
Certificate of Amendment to Articles of Incorporation
For Nevada Profit Corporations
(Pursuant to NRS 78.385 and 78.390 - After Issuance of Stock)
1. Name of Corporation:
CMKM DIAMONDS, INC.
2. The articles have been amended as follows (provide article numbers, if available):
The authorized shares of the corporation be increased to Eight Hundred Billion Shares (800,000,000,000) at a par value of $0.0001.
3. The vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions of the * articles of incorporation have voted in favor of the amendment is: August 18, 2004
4. Effective date of filing (optional): Aug 18, 2004 (must not be later than 90 days after the certificate is filed)
NOTE ITEM #3. That statement states the voting was done by some security or securities that could effect a majority vote. I think there definitely is a Pfd.Stk. (probably convertible into Common) that can out vote the Common shareholder votes in any and all circumstances. It would be included in the phrase "classes or securities", but is, conveniently, not identified. In view of that, there would be no need for UC to own any Common Stock whatsoever....but he probably does own a little.
Nevada Revised Statutes also state the following (edited):
Nevada Revised Statutes Chapter 78.207 Change in number of authorized shares of class or series: Resolution by board of directors; approval by stockholders; rights of stockholders.
3. Except as otherwise provided in this subsection, if a proposed increase or decrease in the number of authorized shares of any class or series would adversely alter or change any preference or any relative or other right given to any other class or series of outstanding shares, then the increase or decrease must be approved by the vote, in addition to any vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series whose preference or rights are adversely affected by the increase or decrease, regardless of limitations or restrictions on the voting power thereof. The increase or decrease does not have to be approved by the vote of the holders of shares representing a majority of the voting power in each class or series whose preference or rights are adversely affected by the increase or decrease if the articles of incorporation specifically deny the right to vote on such an increase or decrease.
The obvious questions here are, that if there was a controlling Pfd Stock authorized: 1. When was it authorized; 2. Was it required to have been presented to Common Stockholders; 3. Was it presented to Common stockholders; 4. Who were the controlling shareholders at that particular time, and, 5. Were Nevada Statutes violated?
Posted by imakmony2005 on :
wallace didnt you shoot that pig?
Posted by legaleagle on :
Wallace, doing DD, great. Now go back a little farther to CyberMark days and find the filing on the "Pre-Merger Syndicate". I think you will find they own about 80-85% interest, as I recall.
As a pre-merger syndicate, I think you will find that certain rules apply as to voting rights and anonymity.
Posted by Wallace#1 on :
Isn't that the shareholders group that charges $$$$$s to join?
Only a fool would join and try to protect UC, RG, CMKX et al from the justice shareholders deserve. How many are from the Christian Trader pumper forum? A response of "most of them" would not be a big surprise. I suspect that that forum is dedicated to getting it's posters to join such a group.
Predominantly, they are the same ones that bought, bought and foolishly kept buying. Now they are trying to circumvent real justice by whining about being hurt if the SEC does what they are supposed to do?
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: Wallace, doing DD, great. Now go back a little farther to CyberMark days and find the filing on the "Pre-Merger Syndicate". I think you will find they own about 80-85% interest, as I recall.
As a pre-merger syndicate, I think you will find that certain rules apply as to voting rights and anonymity.
Again, what legal is trying to do is divert attention from the probability that Common stockholders have been screwed by CMKX and UC. It is readily apparent that Common stock does not control CMKX. Otherwise, they would have had a vote in increasing the authorized. Legal wants to go way back when and suggest that is OK. The fact still remains it is not reported to shareholders in filings.
If legal wants to prove otherwise, please do. It will not bother me since, if he finds anything, it will better inform Common stockholders of their true status. Meaningless, except as a bottomless money pit!!
Posted by imakmony2005 on :
COME ON BREAK IT UP YOU TWO.SHAKE
Posted by Highwaychild on :
I like the Frizzell stuff.Kind of like a back up ripcoard.I hope the shoot opens before a crash landing happens.I didn't sign up, but I don't have enough shares to worry about compared to all the shares they're packing around.
Posted by Wallace#1 on :
I doubt if Fizzle Frazzel will be able to accomplish anything. He and that group are just a nuisance in the way with a very slanted vested interest to the detriment of all stockholders in the market, let alone CMKX. Let this be the example to others who act or try to act in UC's outrageous manner. This judge will ask some in-depth questions and the bottom line is that they violated Exchange Act requirements in a number of ways. I say they knew better and, if they didn't, they sure as hell should have known better. No excuses.
Posted by legaleagle on :
quote:Originally posted by Wallace#1:
quote:Originally posted by legaleagle: Wallace, doing DD, great. Now go back a little farther to CyberMark days and find the filing on the "Pre-Merger Syndicate". I think you will find they own about 80-85% interest, as I recall.
As a pre-merger syndicate, I think you will find that certain rules apply as to voting rights and anonymity.
Again, what legal is trying to do is divert attention from the probability that Common stockholders have been screwed by CMKX and UC. It is readily apparent that Common stock does not control CMKX. Otherwise, they would have had a vote in increasing the authorized. Legal wants to go way back when and suggest that is OK. The fact still remains it is not reported to shareholders in filings.
If legal wants to prove otherwise, please do. It will not bother me since, if he finds anything, it will better inform Common stockholders of their true status. Meaningless, except as a bottomless money pit!!
"PAYMENT IN SHARES. On or before Closing of this Agreement or as otherwise agreed to by the Parties, CMKI shall pay to the Seller and its designees the sum of not less than 2,800,000,000 of its common voting shares in certificate form and the sum of $2,000,000."
"THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement"), dated as of November 25, 2002, by and among CASAVANT MINING KIMBERLITE INTERNATIONAL, INC. (formerly Cyber Mark International Corp.), a Nevada corporation, with its principal office located in Las Vegas, NV USA "Company"), and BUCKSHOT HOLDINGS LTD., COMMANDO HOLDINGS LTD., 101010307 SASKATCHEWAN LTD., 101012190 SASKATCHEWAN LTD., 101027101 SASKATCHEWAN LTD., FORT A LA CORNE DIAMOND FIELDS, INC., URBAN CASAVANT/CASAVANT FAMILY, and URBAN CASAVANT agent for PRE-MERGER SYNDICATE (the "Sellers").
The Company shall hold in confidence and not make any disclosure of information concerning an Sellers provided to the Company unless (i) disclosure of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information is necessary to avoid or correct a misstatement or omission in any Registration Statement, (iii) the release of such information is ordered pursuant to a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction, or (iv) such information has been made generally available to the public other than by disclosure in violation of this Agreement or any other agreement."
Wallace wouldn't you like to know who holds nearly 3 billion common VOTING shares?
This agreement was signed and filed with the SEC long before most of us bought CMKX. If you didn't see it before you bought, whose fault is that?
Posted by ed19363 on :
Right, a PR from a lawyer. Now I've seen everything. Everybody send in your $25 so Frizzlefrazzle can get rich while the rest of us trade at .00005. Can you see a tiny little speculative company bringing down the mighty SEC? The coffee is brewing, people. You better wake up and smell it because the Koolaid is running short. Cant believe the judge would be that stupid. Sheesh !!!
Posted by legaleagle on :
I encourage everyone to read the entire Pre Merger Syndicate documents and filings, with understanding. But with a caveat, a little education can be a dangerous thing in here.
Posted by Highwaychild on :
Hey It's something to read.
From the PR(I guess)... "Last week, Chief Administrative Law Judge, Brenda P. Murray, ruled in favor of the CMKX Owners Group, and against the SEC Enforcement Division, allowing the Group to intervene and be represented by attorney Bill Frizzell"
Posted by legaleagle on :
quote:Originally posted by ed19363: Right, a PR from a lawyer. Now I've seen everything. Everybody send in your $25 so Frizzlefrazzle can get rich while the rest of us trade at .00005. Can you see a tiny little speculative company bringing down the mighty SEC? The coffee is brewing, people. You better wake up and smell it because the Koolaid is running short. Cant believe the judge would be that stupid. Sheesh !!!
As with any legal action that embraces a class of people, the attorney must inform all potential members of the class that an action is being commenced if they wish to join that action. That is the purpose of the PR. As far as the $25 is concerned, there is a "scholarship" program for those that cannot afford the payment.
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: I encourage everyone to read the entire Pre Merge Syndicate documents and filings, with understanding. But with a caveat, a little education can be a dangerous thing in here.
LMAO Coming from you of all people.
Posted by ed19363 on :
Yep, but remember the spin was provided by the lawyer. CMKX still has to answer for it's transgressions against the SEC rules. The lawyers may have some input, but cannot affect the outcome of the ruling. Just as UC cant claim ignorance as a defense, the "group" cant say "Dont punish them because we will lose money". The law is the law and if its broken, somebody pays. And as far as stuff from 2002, we need a paleontologist to review some of it. Ancient history does not change the fact that UC doesnt know what the hell he is doing. I M O
Posted by ed19363 on :
Legal, I'll give you this: We have a new Pope now, so if CMKX survives, we can always apply to have it declared a miracle.
Posted by Highwaychild on :
Ed, seems to me, as much as I hate it, the right laywer can make a world wind of difference.If the naked short shares don't fit,you must acquit.LOL!
Posted by Wallace#1 on :
legal wrote: "Wallace wouldn't you like to know who holds nearly 3 billion common VOTING shares?"
Not really, legal, who holds such a tiny amount compared to the almost 800 billion O/S is of no interest to me.
And by the way, that bit you posted about the "PRE-MERGER SYNDICATE" says absolutely nothing about a Pfd. Stock, and, with all the games UC has played since that time, it has little application to CMKX today anyway. Maybe it was your way to somehow excuse UC for stupidity and secrecy in not providing shareholders with deserved information. That post said nothing. Is there or is there not a Pfd Stock that controls voting over Common Stock? Was it voted upon by Common Stockholders at the time it was an amendment to CMKX's Articles of Incorporation? I want proof, not reposts diverting the topic to your excuses for secrecy.
Posted by Wallace#1 on :
quote:Originally posted by Highwaychild: Ed, seems to me, as much as I hate it, the right laywer can make a world wind of difference.If the naked short shares don't fit,you must acquit.LOL!
LMAO!!! Back from the dead!
Posted by Upside on :
The naked short issue won't be addressed in this hearing though. It's strictly to determine if CMKX violated the rules by not filing while they were required to. That's it, nothing more or less. They're guilty, period. It's a matter of if the judge will allow the shareholders voice to be heard to sway her decision.
Posted by legaleagle on :
quote:Originally posted by Wallace#1: legal wrote: "Wallace wouldn't you like to know who holds nearly 3 billion common VOTING shares?"
Not really, legal, who holds such a tiny amount compared to the almost 800 billion O/S is of no interest to me.
And by the way, that bit you posted about the "PRE-MERGER SYNDICATE" says absolutely nothing about a Pfd. Stock, and, with all the games UC has played since that time, it has little application to CMKX today anyway. Maybe it was your way to somehow excuse UC for stupidity and secrecy in not providing shareholders with deserved information. That post said nothing. Is there or is there not a Pfd Stock that controls voting over Common Stock? Was it voted upon by Common Stockholders at the time it was an amendment to CMKX's Articles of Incorporation? I want proof, not reposts diverting the topic to your excuses for secrecy.
Well I capitalized it last time, let me post in Bold Caps this time:
the sum of not less than 2,800,000,000 of its common VOTING shares in certificate form
My certs just say "COMMON STOCK"
Posted by Upside on :
Legal, I went back and read the old filing you posted earlier. Why do you suppose they decided to drill on the Smeaton site?
Posted by Ric on :
Here is what CMKX has got to look forward to real soon:
IT IS FURTHER ORDERED that, pursuant to 12(j) of the Securities Exchange Act of 1934, the registration of each class of the securities of United States Crude International, Inc., is hereby revoked.
Posted by Upside on :
In all fairness though Ric, it appears that USCI never showed up for the hearings or filed an answer.
Posted by Wallace#1 on :
legal, you wrote: "Well I capitalized it last time, let me post in Bold Caps this time:
the sum of not less than 2,800,000,000 of its common VOTING shares in certificate form
My certs just say "COMMON STOCK" " **********************************
Man, that was way back in Nov., 2000. What makes you think you have the same rights as Common stockholders had back then? How do you think UC increased the authorized to 800 billion?
If he didn't file with the SEC as to holding at least 10%, he didn't file as to holding 51% which is much, much more stupid....and a better reason for the judge to nail him.
I am convinced he has Pfd Stk that you know nothing about with a Voting Arrangement clause of some kind. If he didn't know he had to file with the SEC, do you think he would be bright enough to know he should have gone to a shareholder vote if he didn't control the Common vote? Frankly, I think he said, "To hell with Common shareholders, I can sneak it by them."
Posted by Wallace#1 on :
quote:Originally posted by Upside: In all fairness though Ric, it appears that USCI never showed up for the hearings or filed an answer.
Up, isn't that exactly what CMKX et al have done in Canada?
Posted by Upside on :
Yep, in Canada they've ignored it but here they did answer.
Posted by Wallace#1 on :
legal, here are some other parts of that "Syndicate" agmt you might have missed:
"2. REGISTRATION. a. Mandatory Registration. The Company shall prepare and file with the SEC a Registration Statement covering the resale of all of the Registrable Securities within 30 days of completing its first post-merger audited financial statement. The Company shall cause such Registration Statement to be declared effective by the SEC on a best efforts basis and in connection therewith act with diligence at all times.
3. RELATED OBLIGATIONS. d. The Company shall use its best efforts to prevent the issuance of any stop order or other suspension of effectiveness of a Registration Statement, or the suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction within the United States of America and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment and to notify the Sellers of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding for such purpose."
You think UC was truthful when he said he didn't know about SEC filings? Read item 2.
Item 3 may be another reason he's fighting the SEC.
Posted by Ric on :
Doesn't matter how they get there the end result will be the same. They still didn't even try to file one financial on time. There is no way they can claim they are trying to meet there requirements. And the lie was a lie on the form 15. So it doesn't matter if they show or not the same words will be at the bottom of the Judges ruling.
Posted by Upside on :
Something else that's been bugging me. I've read where some are saying the float can't be more than 166 billion because they are classified as a "small business issuer". My opinion is that yes, they were a small business issuer upon initial registration and maintained that status right up until they ceased filing. Wouldn't they continue to be so until new filings come to light that disproves that?
Posted by Ric on :
They lied to SEC to begin with. They gagged the TA They refuse to file after getting caught.
Now why does it matter to UC how big the float is and wether they are classified as a small business issuer. I would guess if what you say is true it may be why he took the 5th. Jail time soon????
Posted by Upside on :
What I'm saying is that they're populating another rumor by saying they're a small business when they really aren't. They were, until the massive dilution under Urbans watch happened, but until the public float comes to light through filings, they can maintain the small business status. In a nutshell, they're relying on another lie to promote the stock.
Posted by Doctoall on :
Legal: I am about to make a trip to the crapper, do you suppose that you could supply me with some reading material. A sure cure for constipation
I think that I am going to give all my patients who suffer from constipation a paper share of CMKX, have them stare at it while sitting on the bowl and it will bring a swift end to their problem. I could make a bundle $$$ on the cure.
CMKX reminds me of a toilet bowl, flush and its going, going, gone.
Posted by Ktrain420 on :
LOL.........this is like the cocktail lounge.....LOL........and Bill, Ric, Wallace, and Doctoll are the bartender's servin' um up.........LOL.... Posted by legaleagle on :
quote:Originally posted by Upside: Legal, I went back and read the old filing you posted earlier. Why do you suppose they decided to drill on the Smeaton site?
You call for a guess since that was never PR'd. However an educated guess would be that it was considered the most likely of the five targets they isolated from airborne survey. A second guess would be that proximity to the proven Star and Debeers/Kensington claims would be another. And maybe the fact that Rick Williams was paying them $900,000.00 helped to sway their decision to one of Williams claims. But all guesses
Posted by Upside on :
Isn't the Carolyn pipe the Smeaton site?
Posted by legaleagle on :
quote:Originally posted by Wallace#1: legal, you wrote: "Well I capitalized it last time, let me post in Bold Caps this time:
the sum of not less than 2,800,000,000 of its common VOTING shares in certificate form
My certs just say "COMMON STOCK" " **********************************
Man, that was way back in Nov., 2000. What makes you think you have the same rights as Common stockholders had back then? How do you think UC increased the authorized to 800 billion?
If he didn't file with the SEC as to holding at least 10%, he didn't file as to holding 51% which is much, much more stupid....and a better reason for the judge to nail him.
I am convinced he has Pfd Stk that you know nothing about with a Voting Arrangement clause of some kind. If he didn't know he had to file with the SEC, do you think he would be bright enough to know he should have gone to a shareholder vote if he didn't control the Common vote? Frankly, I think he said, "To hell with Common shareholders, I can sneak it by them."
Let me try again Wallace. I know it's late, but read carefully what I have posted. There are two classes of stock. Common VOTING stock that went into the hands of the Seller of the claims in the Pre Merger Syndicate. And secondly Common Stock, which we own. One is a "voting class", the rest are not.
Posted by legaleagle on :
quote:Originally posted by Upside: Isn't the Carolyn pipe the Smeaton site?
The Carolyn is located on one of the claims at Smeaton
Posted by Upside on :
I guess I made an assumption then because the report talks about the Smeaton claims (which I assumed to be the Carolyn pipe) in a not so positive light. I believe it had been drilled 5 times prior with next to nothing being recovered. I was wondering why they'd go back there.
Posted by bill1352 on :
legel..2 class's of common stock, 1 voting & 1 not???? is that supposed to be differant from voting prefered with each share having say the same votes as 1 billion common shares?. roger glen had 1 purpose, cover UC's butt for a SEC investigation, i'm sure its covered. i do have 1 question for whoever would like to find an answer as i cant, when the judge says your done can UC still sell on pinks? i was figuring no but in re-reading his defence it seems as if he thinks he can. somebody had to tell him it would be ok or he wouldn't have said that. if true this hearing is meanless. UC isn't going to give out 1 more piece of info on this POS, not share structure, money info, claim info or results. the judge might bar him from serving as any part of the company & mahoo then takes over but the saga continues.
Posted by legaleagle on :
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Gender: Posts: 911 Hi everyone, Just food for thought while we wait! « Thread started on: Today at 12:18am »
-------------------------------------------------------------------------------- Hi Everyone.
It has been a while since I last posted and just wanted to stop in and say I am still with you. I hope everyone is doing well.
It is good to see that the incredible rumors have finally started dying out and we as shareholders of CMKX can begin to focus on where we are, what is going on, and what are the probable outcomes of the upcoming hearing.
None of us has all of the answers or even all of the possibilities, but we do have enough information to give us a good idea of where this could all lead us. Let me start off gently,
1. I believe the SEC should back off, repent of their misdeeds in calling for the Revocation of CMKM Diamonds registration, personally order the DTC to reveal the transaction records for the last 3 years on CMKM Diamonds and bring an administrative hearing against the DTC, NSCC, NASD, etc… I believe these should lose their SRO status and come under direct congressional powers of appointed supervision with complete Modified Sarbanes Oxley Requirements along with new excessive disclosure of trading activities, practices, and SHO/Threshhold Security positions and resolutions for each and every company that has been and/or are still being defrauded by governmental permission of illegal counterfeiting of a company’s securities by the aforementioned entities. I think you get my drift!
2. I believe the SEC needs to be subjected to an extensive Congressional Investigation with public meetings and full disclosure of their regulatory activities concerning the DTCC, NSCC, NASD, etc… As it stands now it appears that they are guilty of at least securities fraud, conspiracy to commit fraud by interstate commerce; dereliction of duty; racketeering; terrorism; counterfeiting; etc… Everything they have permitted to exist, allowed to continue, and even taken steps to protect the perpetrators of, they are guilty of! IMHO! Too, I believe within the statutes of the U.S. constitution and the laws of this great land the SEC exists to protect the investors/current or future first and foremost instead of the market manipulators, off shore hedge funds, and the Wall Street Bad Boys.
Insert musical interlude : Bad Boys Bad Boys what you gonna do; what you gonna do when they come for you? Answer IMHO is that the “Bad Boys are going down”.
3. Personally I believe the move by the shareholders are going to do more into shaking off the naked short position by their continued pulling together and resilience to not go silently into the night than anything we have seen happen thus far. We have already seen over 300 billion certificates pulled and more happening every day. Eventually I believe we will be able, with the assistance of the company to prove, by the preponderance of evidence that a naked short position does exists and that the SRO’s have been guilty of counterfeiting CMKX shares electronically to the tune possibly in the trillions. And that is no joke! Trillions! I have never seen shareholders pull together like this. I have heard others say, Dr.D you weren’t around when such and such stock was being traded, but I don’t care what stock you look at, CMKX shareholders are over and above any group of shareholders I have ever seen in their DD, their interest, their investigative tenacity, their undying strength to hold on, and their desire to stand with one another and the company through thick and thin. I know there are some out there that have bailed and there are others that may bail tomorrow, but overall the shareholder base of CMKM Diamonds is a winner and takes the Blue Ribbon, in my book.
4. Some are scared about the hearing that is coming up and I can understand that. We have the SEC that is not looking to “remedy” the situation within the company and see that it complies with the SEC standards of regulation, but rather they are looking and have apparently one goal in mind and that is “revocation” of the registration. Thank God for Judge Murray and the stance she has taken at this point. She appears to be giving us an extremely fair shake/estimation concerning the shareholder group entrance and the company’s position. She has already ruled that the Enforcement Division of the SEC could not get a Pre hearing “revocation” which is what all of the stir was that the SEC brought out early on. Round 1 – went to CMKX.
5. I believe the stance of the company is unchanged: First of all we all have to admit CMKX has fault in that (1) They were late on their quarterly and end of year filings for 2002 and at least 1st quarter 2003 and never filed them (2) They misfiled on the Form 15 in July 2003 as they never actually qualified for it. This unfortunate mistake of stating the wrong number of shareholders has never been explained as to how that happened. My guess, is that the information should have came through the T/A, but even the T/A would have counted the “street name” broker/dealers and all of their clients as one shareholder or possibly one shareholder under CEDE. This could have caused a problem as many street name shareholders began to pull certificates and were therefore counted individually instead of only one with all of the other “street name” client shareholders. Whatever the explanation, we still do not know the reason
On the other hand (1) The company does claim that it was the SEC that should have reviewed the info and found the errors on the Form 15 and since they didn’t the company cannot be held accountable due to the SEC’s inability to operate properly (aka Latches). (2) The company blew the whistle on itself when it found the error and immediately conversed with the SEC and took actions in accordance with the prescribed rules of the SEC Act. (3) For that they were penalized by a suspension and now an administrative hearing all within a 30 day time period of the filing of the Form 15A which revoked our previously filed Form 15.
The SEC has done all of this in accordance with the SEC Act and existing rules of operation as they interpret them. Personally, I believe Judge Murray to be a woman/Judge of great character and integrity and one that will not easily be swayed by the disillusionments of the SEC and more than likely has already seen through the SEC’s facade.
The SEC rules gave CMKM Diamonds 60 days after the revocation to supply the necessary information to comply with the filings they were now obligated to present and the SEC with no warnings whatsoever suspends CMKM Diamonds for 10 days. My guess is something had to give before CMKM Diamonds would have shown up on the Threshhold Security List. Then after the 10 day suspension is automatically lifted CMKM Diamonds is now off the Pinks sheets and not readily able to qualify for the Threshhold Security List. Why? Coincidence? I doubt it. The SEC has wanted a total revocation from day one, even before the “ruled 60 day time period had expired”. What is up with these guys? Of Course, the suspension was almost immediately followed by an upcoming Administrative Hearing which we all have seen and heard about lately.
WHAT DO I BELIEVE THE JUDGE IS LOOKING TO SEE FROM CMKX? I believe the Judge wants to see that CMKX is still moving to become fully compliant; have hired additional professionals to assist in achieving these goals (filings/reports/etc…); have progressively moved ahead in their goals; have a set or expected time period of completion; the management team to pull it off; and the financials to support it; an ongoing operational business; assets with value; and revenue.
I believe if the company meets the above, we will be successful in the hearing and CMKX will be granted the time needed to successfully complete the filings and we can continue developing the company’s assets etc…
If the company is unsuccessful in the above mentioned before the judge, then a suspension or at worse a revocation could occur. In either case the company could file an appeal which takes I believe 60 to 90 days, which hopefully by that time they would have completed the necessary filings and would be able to submit and/or file them complete bringing the company up to a fully compliant state.
Once again, I believe Judge Murray can see the support of the shareholders, the effort of the company to comply, and their willingness to continue to put forth the money and effort to comply, and knowing that an appeal is always an option, and “NO JUDGE” that is worth their salt, and Judge Murray is, wants to have a decision overturned in an appeal.
If for some unseen reason an appeal is ineffective then the option falls to moving the assets to another company and bringing all of the shareholders over or going private, etc… There are many options available and each turn of the page in each CMKM Diamonds chapter brings with it more possibilities and probabilities and I will barely mention what could happen if all of that digging in Saskatchewan happened to have one or two of them come to the surface during these hearings. MEOW!
I’ve been to long, but I appreciate each and every one of you and I still think that the CMKX shareholders is one of the most valuable assets CMKM Diamonds could ever hope to possess. These are just my humble opinions and I ask that you treat them as such. Please do your own research and make your own decisions. Thanks for reading.
I believe, I believe, I believe. Okay, Doctor or whoever you are. I DONT BELIEVE ANYTHING THAT DOESNT COME FROM MY BANK ACCOUNT STATEMENT !!!!! Legal, you keep posting and reposting pretentious bull**** that is somebody's opinion. Opinions are like *******s, everybody's got one, some skankier than others.
Let me say this with a word of finality: When CMKX files...when the PPS begins to move...when money starts to show up in my account... THEN I WILL BELIEVE.
All the arguing and posting of three year old PRs, and opinions of people who I dont know from Adam just dont get the job done.
Until that time, its all crap...... IMO
Posted by legaleagle on :
LITIGATION SETBACKS FOR THE SEC Securities and Exchange Commission Loses on Appeal in Five Recent Cases
Posted by Ric on :
And you should read before you post such garbage. None of these have anything to do with CMKX's case. Now if CMKX gets all there filings in then the SEC still revokes then they may have some relationship to these. But unless there is a miricle that won't happen. You have to have grounds worth appealing to even get heard for a appeal. And refusing to file after knowing you have to is no grounds.
Posted by Doctoall on :
CMKX= Scam of the century
CMKX= Scab of the century
Urban= Scammaster of the century
Hey Urban I know a great realtor who deals with property in South America, you may need some.
Posted by legaleagle on :
By: enzyme1 19 Apr 2005, 07:57 AM EDT Msg. 197493 of 199644 Jump to msg. # One long's opinion. Judge: Why have you failed to file? UC: Your honor I would love to file but to do so would be unfair to my shareholders. Judge: How would it be unfair, seems to me all your shareholders would be thrilled. UC: Your honor, last year we declared multiple dividends to our shareholders in appreciation of their loyal support but those dividends caused a problem and because of them we dare not file. Judge: What kind of problems did the dividends cause? UC: On advice of our prior counsel we allowed the DTC to determine the dividend ratio. We gave them the number of shares we would be rewarding our loyal shareholders with and they distributed them according to their numbers. ( All but the 2nd GEMM dividend that is, that remains in limbo) Judge: So what is the problem and why does the 2nd GEMM dividend ratio remain in limbo? UC: Judge here's the problem in a nutshell: The DTC determined that our shareholders should get only a fraction of what we thought they should get and as a result the shares for the 2nd GEMM dividend are not enough to make up for those missing from the first dividend. If we file our shareholders get shafted. Judge: How can this be? UC: Judge, perhaps the SEC can explain it. Take for example the numbers Attorney Fizzel has submitted to you. He is claiming to have signed affadavits from only a few of our shareholders and they are claiming to own many more shares than our records show exist. What are we to do your honor? Attorney Fizzell: What say you? Your honor I have 1523 affadavits signed by folks claiming ownership of xxx.xxx.xxx shares. Mr Casavant is saying this is impossible but I have the affadavits. Judge: What is your explanation for this SEC? SEC: Your honor the DTC has recently discovered a little glitch in its "stock borrow" program that might account for this problem. We are working together with the DTC to solve this problem and are confident we will get it worked out in the next few months but that still does not exempt CMKX from filing which they admit they did not do. Your honor we humbly ask that you revoke their symbol. Judge: Sorry SEC but I rule in favor of the CMKX shareholders and hereby order that a forced buyin begin tomorrow and continue until all shares being offered for sale are real shares backed by certificates. I want all the counterfeit shares sold over the past 3 years repurchased regardless of the price you have to pay for them and I want it done within the next 30 days. Once this has been completed then I expect CMKX to do their filings. Case dismissed!
Posted by Doctoall on :
Legal: Please flush the crapper as you are filling it with crap as usual.
CMKS Scam of The Century Posted by legaleagle on :
Street Shares: 111,654,765,755 Cert Shares: 13,218,282,522 Total Shares: 124,873,048,277 Signed Agreements: 1473
Posted by Thorn on :
1. I believe the SEC is doing it's job.
2. I believe the SEC needs Congress to expand it's powers.
3. Personally I believe the naked short position is a myth.
4. Some are scared about the hearing that is coming up because it means they are about to lose all of their investment.
5. I believe the stance of the company is unchanged, and that in itself shows they do not have the stockholder's interests in mind.
Posted by Doctoall on :
quote:Originally posted by legaleagle: Street Shares: 111,654,765,755 Cert Shares: 13,218,282,522 Total Shares: 124,873,048,277 Signed Agreements: 1473
1473 Kool Aid drinkers all in a row with useless CMKX shares in their hands, what a pityful sight all that grief Posted by Ric on :
The funny thing is that I actually believe Legal thinks thats true. But there are huge holes in that.
1) the lie on form 15 to cover up dilution was before then.
2) they quit filing before the dividends
3) The lawyers rebuttal said nothing to this matter when it filed its response. The Judge would start laughing at some point.
Posted by Ric on :
quote:Originally posted by legaleagle: Street Shares: 111,654,765,755 Cert Shares: 13,218,282,522 Total Shares: 124,873,048,277 Signed Agreements: 1473
One of the problems the cult uses these numbers as a sample of the overall cmkx population. But if you divide out the number of holders with the share count you will notice that most in this are the large koolaid drinkers. There are thousands out there that hold 1 million or less and didn't put there life savings into a sub penny scam. Why someone would buy 10's of millions or 100's of millions of a .0001 stock just amazes me. Now if they were reporting like they suppose to and they had proof that they actually did something besides sell shares I might see. But Going blind into this and throwing money in it by the thousands make me think you people should never be allowed to play the market. You obviously have no clue how to invest. But like bill said on another stock, I guess someone has to be holding the bag so the rest of us can make money.
Posted by Ric on :
Man I wish that I was a lawyer and thought up this scheme. Geeze, already over 35 thousand dollars made off the koolaid drinker and he wants more from them. LOL, A sucker and his money soon part ways.
-------------------------------------------
TO CONTRIBUTE AND UTILIZE DONATIONS TO FRIZZELL:
TO MAKE A DONATION TO PAY FOR OTHERS TO JOIN WHO CANNOT AFFORD PLEASE GO TO PAYPAL DOT COM AND SEND YOUR DONATION TO B FRIZZELL AT TYLER . NET (remover spaces).
TO SEND A CHECK, PLEASE SEND A LETTER STATING YOU WOULD LIKE TO DONATE FUNDS TO THOSE THAT CANNOT CONTRIBUTE VIA MAIL TO:
CMKX Owners Group C/O The Frizzell Law Firm 305 South Broadway, Suite 302, Tyler, Texas 75702 Phone: 903 - 595 -1 921 www. cmkxownersgroup .com
NOW TO UTILIZE DONATIONS FROM THE CONTRIBUTERS
PLEASE GO TO THE WEBSITE WWW. CMKXOWNERSGROUP . COM (REMOVE SPACES) AND PRINT OUT YOUR AGREEMENT AND MAIL IT WITH A NOTE: STATING PLEASE UTILIZE THE DONATED FUNDS AS I AM UNABLE TO CONTRIBUTE.
ALL DONATIONS ARE VERY MUCH APPRECIATED AND WILL REMAIN ANONYMOUS AS WILL ALL THAT NEED TO UTILIZE THEM.
THANK YOU ALL SO MUCH AND HOPE YOU CAN ALL BE PROACTIVE AND GET THIS BALL ROLLING AS WE ARE A "TEAM" WE HAVE THE FRIZZELL LAW FIRM IN FULL SUPPORT OF THIS AND I THINK THIS WILL HAVE A SNOWBALL EFFECT. GO CMKX & GO "TEAM"
THANK YOU, MARY ANNE
Posted by legaleagle on :
AZTEC Recovers 28 Diamonds From Sturgeon Lake
INDIANAPOLIS, Apr 22, 2005 (BUSINESS WIRE) -- AZTEC Mining Corp. (Pink Sheets:AZTM) is pleased to announce the results of detailed analysis carried out on kimberlite samples from its 100% owned Sturgeon Lake claim. The Sturgeon Lake claim, located 20 miles north west of Prince Albert, Saskatchewan, contains approximately 1 million metric tons of ice-rafted kimberlite. The kimberlite is exposed at surface. A total of 117.7 kilograms of kimberlite was submitted to the Saskatchewan Research Council (SRC) for analysis. The samples were subjected to caustic fusion and then sieved. The results are as follows:
28 micro-diamonds were recovered from the bottom 106-micron sieve, weighing a total of .443 milligrams. The largest micro-diamond, recovered from a 6.55 kilogram sample, weighed .144 milligrams. The SRC further reports that 16 of the diamonds are colorless, clear octahedrals, with another 5 being colorless, clear fragments.
AZTEC is very encouraged by these preliminary results, which compare quite favorably to the better initial results reported from the earlier discoveries in the Fort-a-la-Corne region. Fort-a-la-Corne, located 60 miles east of Sturgeon Lake, hosts one of the largest populations of diamondiferous kimberlite bodies in the world.
Further investigation of the Sturgeon Lake kimberlite is planned, including the collection of a larger sample for analysis. AZTEC's Sturgeon Lake property has recently been surround-staked by other diamond explorers.
The company website is in the process of being updated to include more information about recent AZTEC property acquisitions and other corporate developments.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
Copyright Business Wire 2005
Posted by drgnfly on :
LOL a 250 pound sample came up with .144 milligram size diamond.... Kidz that is the size of a pencil point as 1 carat is exactly 200 milligram so the largest diamond they found was 0.00057 carats.
Leagle you dirty basher I'm wise to YOU !!! stop playing tricks! CMKX tru da roof!
[ April 22, 2005, 15:37: Message edited by: drgnfly ]
Posted by Wallace#1 on :
"Further investigation of the Sturgeon Lake kimberlite is planned, including the collection of a larger sample for analysis. AZTEC's Sturgeon Lake property has recently been surround-staked by other diamond explorers." ****************************************
LOL Wonder which one of the bonehead companies staked the area so they could claim fantastic potential?
Posted by legaleagle on :
Where there's smoke ...............
Posted by legaleagle on :
Bus loads of Americans to D.C.
Bus loads of Americans to D.C.
There is a documentary in the works that is being produce by
Fuego Entertainment and directed by
Hugo Cancio
this is the same team behind the Urban Casavant Documentary and The Trader Show
We want to help organize bus loads of Americans to go to Washington D.C. and Los Angeles to stand up for the rights of investors. We not only want investors, but we want any American citizen that wants to stand up for their rights and have their voices heard!
We will be interviewing government officials! We will also be interviewing business owners and individuals that have been effected by the CRIME of Counterfeiting Stock Shares, also known as Naked Short Sales (NSS).
If you are tired of being pushed around and would consider taking the trip with us, please email us at UnitedWeStand@ahandup.us and let us know. Please leave your name, phone number (if you wish) and how many would be going from your group (even if just one) and we will get in touch with you with details as soon as they are available.
UnitedWeStand@ahandup.us
America thanks you for your support!
We are putting plans together and will have more detail available on this page as soon as possible!
Posted by Ric on :
You know what I think is funny about the NSS thing is how they think it will make them rich. It is really not the company they believe in its the NSS and how the DTC is going to have to pay them off.
But guess what, all the companies that were loaded down by NSS went bankrupt and shareholders lost everything. What makes them think they would ever get anything out of the government, lol so funny. The best they would ever get was there buy price and I wouldn't hold my breath for that.
Saying that, They still keep trying to write off the 704 billion o/s. Theories on how the float is small and whatever it takes to make them sleep at night. THE FLOAT IS HUGE AND THERE IS NO MAJOR NSS PROBLEM. 504 billion shares have been added in one year. Thats 2 billion shares a day on average. Right NSS how funny.
THe SEC is shutting them down for fraud. Not filing to hide the fact they sold shares for a living. All this bull you keep feeding is nothing but garbage and has nothing to do with the hearing or being revoked.
Other companies mean nothing. Doesn't seem they need to hide everything.
Posted by Ric on :
Legal, AZTEC Recovers 28 Diamonds From Sturgeon Lake
Why is it every other company can tell what they found but CMKX has to keep secrets. LOL how funny. I know the answer. Its to make you feel better because it has nothing to do with the company. They are a reporting company hiding information with a 704 billion o/s. Its pretty easy to see what there hiding if you quit drinking the koolaid for a second.
Posted by Wallace#1 on :
Another CT forum idea? You people want preferential treatment, huh? That's all they have to do in Washington....waste time with you people instead of doing more important things.
Posted by bill1352 on :
i agree with the washington march. its probably the only way to get mainstream media involved & maybe something done. that said its meaningless to cmkx & if its led by & filled with cmkx shareholders the mm's will be laughing & cheering them on. it needs real companies that have not diluted the piss out of their stock. companies that truly have suffered of which there are a large number. if its ppl screaming about cmkx the media will be jon stewardt, jay leno & dave letterman making jokes about a stock cult & a 703 billion o/s company. wanna bet UC starts screaming no n/s then? i dont think he wants that much publicity...lol
Posted by legaleagle on :
quote:Originally posted by Wallace#1: Another CT forum idea? You people want preferential treatment, huh? That's all they have to do in Washington....waste time with you people instead of doing more important things.
You seem to be really fixated lately on CT, but no, not a CT "idea".
And I already get enough "preferential treatment" here thanks.
bill, it's not a CMKX idea either. Many shareholders from multiple naked shorted stocks are getting together. CMKX will no doubt be the largest group represented because they have alread been organizing.
Posted by glassman on :
one little problem with cmkx tho...
no proof....
good luck...
Posted by bill1352 on :
legel, if cmkx shareholders really want n/s finished its in their best interest to take a back seat unless UC is standing there with proof he holds over 51% of the common stock. nobody & i mean nobody with any stock market power will back a company under investigation with a 703 billion o/s. i don't care what side of the cmkx fence your on the market as a whole needs this problem fixed & a company with a 703 billion o/s isn't the right flag carrier unless there is rock solid, no question proof. as of right now there isn't even the start of paper thin proof.
Posted by ed19363 on :
Daily remarks IMO.
AZTM: and CMKX owns how much of AZTM? or is it the other way around? Either way diamonds as large as were found will probably raise the CMKX PPS to .00006.
Busloads of shareholders, Koolaid in bottles, headed for Washington and LA to get arrested for demonstrating without a permit....yeah, Letterman would get a kick out of that.
The dreams are getting worse, doc. What, you say it's the Koolaid?? Okay, I'm switching to coffee.
Posted by ed19363 on :
Just for fun, I did some poking around in weights and measures. This is especially for legal, but you're all welcome to read and chuckle along. AZTM's largest diamond find was .144 milligrams in weight, which converts to .144 of a carat in diamond weight. Furthermore, the diamond measured 106 microns. There are 25,400 microns in an inch. The period at the end of this sentence measures 615 microns. That means the period measures over 5 TIMES the size of the diamond.
Sounds like the find of a century to me. We better all run to the bank, make a loan and buy a bunch of AZTM.
Posted by Wallace#1 on :
Senator/Congressman (S/C): What was the name of that company? Shareholder (S): Casavant Mining....CMKX.
S/C: Isn't that the company the SEC is investigating? S: Yes, but....
S/C: Aren't they the ones who violated the Securities Exchange Act of 1934? S: Yes, but....
S/C: Isn't that the company with 800 billion authorized shares and close to that outstanding? S: Yes, but.....
S/C: Isn't that the company with just one officer and he admitted to knowing squat about running a public company? S: Yes, but.....
S/C: Isn't that guy the one with a questionable past and track record? S: Yes, but.....
S/C: Isn't he the one who consistently refused to publish regular financial information to the shareholders? S: Yes, but.....we believe in "Him" and Casavant's a nice guy.
S/C: GET TO HELL OUT OF MY OFFICE!!!!
PS: As per legal:
"...this is the same team behind the Urban Casavant Documentary and The Trader Show
CMKX will no doubt be the largest group represented because they have alread been organizing."
Posted by Doctoall on :
quote:Originally posted by legaleagle: bill, it's not a CMKX idea either. Many shareholders from multiple naked shorted stocks are getting together. CMKX will no doubt be the largest group represented because they have alread been organizing.
No doubt CMKX shareholders will be the biggest group because they are the biggest group in history to be "Scamed". Let me know when they decide to march on Urban, I want to watch that march, led by the lady from Saskatchewan Posted by Doctoall on :
Legal in the end your will be like Peter of old, you will deny knowing Urban more than 3 times.
You will be running like a small town preacher who has been caught in a whorehouse Posted by Wallace#1 on :
Note the true consistency of the bus group right from noahltl's (legal) mouth above. "Forget about other companies, we'll push our venue for preferential treatment to remedy our mistakes and stupidity."
Posted by Marty on :
LOL....this is by far the MOST entertaining discussion around..... Did anyone win yet? LOL....
Posted by Wallace#1 on :
quote:Originally posted by Marty: LOL....this is by far the MOST entertaining discussion around..... Did anyone win yet? LOL....
I think Casavant is leading at this point. He seems to have all the cash from the faithful. LOL
Posted by Ric on :
Frizzell is running a close second, lol. And he didn't even have to do anything.
Posted by Marty on :
LOL.....so realistically, you need to invest in a diamond company, to invest in a car race....LOL....third party investing.... Yea, I'll get some of that, AFTER I get out of the nut house....have fun guys!!!!
Posted by Ric on :
Not invest in race car, you gave your money to sponsor a race car. Investment might be confused with the ablility to get your money back, lol.
Posted by Wallace#1 on :
"have fun guys!!!!"
You too, Marty.
Posted by Marty on :
LOL....luckily, I didn't throw ANY money at this GL guys....and thanks... Posted by ed19363 on :
Attention everyone. This thread has been nominated for the Nobel Prize for Literature in the coming year, under the heading of most-read comedies. After they correct all the spelling errata that is....LOL
Posted by drgnfly on :
What's funny is how fast AZTM got their results back ... meanwhile CMKX is still screwing around.
Leagle schmeagle CMKX == SCAM and its funny how far you will try to reach to pump. F L U S H
Posted by Wallace#1 on :
"This thread has been nominated for the Nobel Prize for Literature in the coming year,....."
Must be due to my exceptionally brilliant input! LOL Others, just an honorable mention. Still others, an intolerable mention. LMAO You, Will, get a big kiss from Debi....or maybe, legal.
Posted by will on :
"yes, but..."
Posted by Wallace#1 on :
quote:Originally posted by will: "yes, but..."
Must have added above while you were sending this.
Posted by will on :
no, that was my reply to the above. LOL
Posted by Wallace#1 on :
Now there's a "blessing in disguise" for you Will!!!
Posted by Marty on :
Well Wallace, I guess this is offically the Allstocks under .10 lounge? Live text based entertainment, racing, diamonds, "legal info", outrageous claims, no claims, claims to nothing, claims to something, jokes, humor, no humor, pumping, bashing, great DD, carp DD, no DD, speculation, imagination, imported carp, legendary carp, civil carp....anyone fish for carp? LOL....
Posted by Wallace#1 on :
Marty,
How'd you know? You are brilliant!!
Posted by Marty on :
Whooaaa Wallace....you Ric, Bill, Will, legal and a plethora of others are brilliant....this is up there with SNL I tell ya'....on Friday, Saturday, Sunday, Monday, Tuesday, Wednesday, Thursday...and 'em....Kool Aid days too, (I have them, AAAHHH!!!)...LOL....it always makes my day ....GL guys....
Posted by Wallace#1 on :
"plethora"
Careful, Marty, we try to keep the words within the range of Will's abilities! LOL
PS: I have yet to figure out legal's. j/k
Posted by Marty on :
ok sorry...."pleTTHora" (light spit in the background) ....no offense Will...LOL...
Posted by bill1352 on :
i'm thinking a second outcome may be possible if its mostly cmkx cult in the senetors office. it has to do with very quiet buildings, white rooms, strong meds, friendly ppl, funny sweaters & a first grade math teacher. i'm sure the senetor could easily use laws based on public safety & the betterment of the human gene pool.
Posted by Marty on :
Lol.....he said gene pool Beavis...hehehehehe....."Shut up Butthead..:SMACK: OUCH!!!..hehehehehe...."Munchbutt"....."I need teepee for my bunhole".....hehehehehe.....OK. I'll stop....have fun guys... Posted by Ktrain420 on :
LOL.........ya gotta love dis thread....LOL
Posted by Wallace#1 on :
I enjoy it. Never a dull moment - except when legal resposts those extra long posts. Going to sleep now. Good night.
Posted by legaleagle on :
Street Shares: 123,977,617,742 Cert Shares: 13,974,387,610 Total Shares: 137,952,005,352 Signed Agreements: 1622
Posted by Wallace#1 on :
Thanks for posting that legal. I was thinking I would have to go back and find your last post which wouldn't be as current. Multiplied out - $25 X 1622 = $40,550 that FizzleFrazzle has collected from the cult. More coming?
Think about what happens next. When CMKX gets shot down by the judge and by the SEC, that 1622 holders above will realize they have been scammed big time. They will want to make someone pay. Who other than CMKX, UC, Melvin, RG and others involved? Now the best part for FizzleFrazzle and he probably anticipated that very probability.
CLASS ACTION litigation which means, if it works, FizzleFrazzle will get the largest portion of that as well. Man, that guy must be good to have set that up. He would have a list of disgruntled shareholders to contact for the class action suit after the failure with the SEC. Either way or both ways, he wins.
That 1622 shareholders will have given up all their share costs plus $25 to get back a couple of dollars.
Posted by bill1352 on :
even more ingenious wallace...they paid him to get on the list. this clown didn't even have to work to get the list. not only that, the cult is sending in extra cash so those cult members that put every dime in can join the list. if this whole mess doesn't hit the #1 scam in history i'll not only wear Will's sundress, i'll put a G-string & lace bra on under it
Posted by Ric on :
Hey bill didn't know I hadn't rated you. Theres 5 to get you back to 4 stars. Those christains really did it to us. Talk about a mad group of people. I guess loving they neighbors not in there text.
Posted by bill1352 on :
thanks Ric...ktrain just pointed that out to me...i never noticed..lol
Posted by bill1352 on :
just went through & made sure i had rated everyone...these cult members just dont like truthtellers & they call themselves christians
Posted by Upside on :
Origially posted by bill1352:
quote:if this whole mess doesn't hit the #1 scam in history i'll not only wear Will's sundress, i'll put a G-string & lace bra on under it.
Geez, Will in a sundress, Bill in a g-string and lace bra, what has this stock done to some of you? I'd say that's grounds for a lawsuit right there. "Your Honor, not only did I lose money, it turned me into a cross dresser as well."
Posted by legaleagle on :
quote:Originally posted by Ric: Hey bill didn't know I hadn't rated you. Theres 5 to get you back to 4 stars. Those christains really did it to us. Talk about a mad group of people. I guess loving they neighbors not in there text.
Ric and bill, as far as I know, I'm the only poster here from Christian Traders, except DW. And I really don't care much about "stars". That seems to be a "merry men" thing. And why would you even try to put that on Christians? A little biggoted? Or just trying to be popular with Wallace?
Posted by will on :
"Geez, Will in a sundress"
CMKX might have corrupted billy.
You told everyone I was sick and perverted before I bought CMKX. For the record, I do not xdress, and I am getting Frizzle Esq. to represent me in a lawsuit against you for slander and defamation of character. Hope he only charges me $25.
You know I bet he's kicking himself in the ass for not charging more. After 1,000 fools sent him $25, he's probably thinking, DAMN! I could have rung a lot more out these rabid fools. They would have forked over a $100 a head to have me spend a couple grand to send some intern to a hearing and take notes and report some crap back to them.
Posted by Wallace#1 on :
legal, those star zaps could have come from no place other than your CT and CMKX cult members who still check this thread. Don't you think we know many still are lurking here? Get real!! That's how you got stars (from 0) and others got zapped. Brainless bunch of fanatics!!!
Posted by Upside on :
Originally posted by Will:
quote:For the record, I do not xdress
So a sundress is your normal everyday garb then?
Posted by will on :
You'll see pal. When my attorney, Frizzle Esq. serves you papers. I've already talked to bill, and he's offering Frizzle $25 to represent him against your slander too. bill and I have an assaction suit going. Keep it up, insult more people, they'll be 1600 of us soon, pig.
Posted by Wallace#1 on :
Will, you wrote: "bill and I have an assaction suit going."
Please explain what you two are up to with that "assaction" suit. Are you one of those?
Posted by legaleagle on :
quote:Originally posted by Wallace#1: legal, those star zaps could have come from no place other than your CT and CMKX cult members who still check this thread. Don't you think we know many still are lurking here? Get real!! That's how you got stars (from 0) and others got zapped. Brainless bunch of fanatics!!!
So what you are saying is that you are "loved" by the masses here and only tyranical interlopers from CT actually find your negativism boring and offensive. Boy, are you ever on an "egotism tear".
Posted by Wallace#1 on :
"tyranical interlopers from CT"
That's the only thing legal got right!!! In addition to being a "brainless bunch of fanatics".
Posted by Upside on :
Originally posted by Will:
quote:You'll see pal. When my attorney, Frizzle Esq. serves you papers. I've already talked to bill, and he's offering Frizzle $25 to represent him against your slander too. bill and I have an assaction suit going. Keep it up, insult more people, they'll be 1600 of us soon, pig.
Never insulted Bill, just retyped something he already said. As for you, let me ask you something, how would it even be possible to slander you? I'd have to say something that, hehehe, damages your reputation, HAHAHA!! Sorry friend, that's just not possible.
Posted by renrob05 on :
Legal...do you actually think this stock is going somewhere? (honestly)
Posted by Wallace#1 on :
quote:Originally posted by renrob05: Legal...do you actually think this stock is going somewhere? (honestly)
And no 800 billion word responses allowed. No reposts either.
Posted by Ric on :
You know I think is funny is that they are some still trying to pump USCI. Its revoked as of the 12th and you can't even buy or sell it. These koolaid drinkers can't even see when its over even when it is over.
I heard that there are some that are even still trying to pump PCBN and its been revoked for 9 months. Wonder how long this group will try and keep CMKX alive after its death. Elvis believers will have nothing on this group. Posted by legaleagle on :
quote:Originally posted by renrob05: Legal...do you actually think this stock is going somewhere? (honestly)
Absolutely Renrob. I surely don't post in here for the comraderie and uplifting intellectual discussions. I post here because this thread is otherwise devoid of any meaningful information on this company. I used to post here regularly with others who brought positive DD and information here; but they have all been run off by the inane bashing.
But I do try, occasionally, to drop off some new information or opinion, for the few longs who still remain here, lurking. But the bashers quickly turn any of that into personal insults, Christian bashing and other childish comments.
But I will tell you, there is another world out there that has been acitvely researching this stock for over a year, and still believe in this company and what they have discovered and claimed in Saskatchewan.
CMKX's main problem is the naked shorting and the high level maneuvering and negotiating by powerful forces seeking to control the unbelievable resources available in Saskatchewan in particular, and Canada in general. CMKX holds between one and a half and two million acres of claims in that area. This has forced them into a secrecy mode in order to protect what they have. Being in that type of mode makes them an easy target for bashers, and for negativity from those who simply don't understand the gravity of what is going on up there.
From the beginning, the MM's thought this company was a scam, or at least a "weak sister" in the stock world, that they could naked short into oblivion, where they would just go away and no one would be the wiser of the tremendous number of shares that had been fraudulently issued. But Urban saw what was going on and continued issuing shares into the market at one price, and then buy back at a lower price, in order to profit from the naked shorting for the benefit of the company, and at the same time, set a trap for the NS MM's and hedge funds.
It worked, to the point where the NS was approximately 800 billion shares last fall with the issuance of the CIM dividend. The trap was set and sprung by Roger Glenn.
However, the MMs and DTCC are powerful people. They don't go down easily. When CMKX was about to announce some major developments last year at the Las Vegas party, the SEC jumped in two days before and suspended our sister company UCAD / USCA, shutting down any announcements and using the investigation to try to pry information out of CMKX and Urban Casavant. It didn't work, UC took the fifty amendment, much to the delight and glee of the bashers now.
Instead, CMKX hired Robert Maheu to do the "dirty work" of agressively moving the company forward after the USCA investigation was completed.
A couple of months ago, Maheu and legal counsel, put CMKX back into reporting status and was attempting to bring company information forward in the reporting schedule, when in the midst, the SEC slapped them with a suspension without even allowing the stautory time to comply.
So that's where we sit. They keep trying to kill this company, but Urban just won't go away and let them bury the dirty little secret of a massive naked short, a massive stock counterfeiting.
So the SEC may be successful on May 10 at revoking CMKX, but that is only one battle in the war. CMKX already has a plan B and C, maybe more. They have the goods and their loyal shareholders hold stock in other CMKX companies by way of the dividends. Whatever happens, CMKX will go on as the same company or with another name, and with assets of great value. And the naked shorters will eventually be brought to justice. You just can't counterfeit shares of stock to that degree, stealing from 45,000 - 60,000 Americans, Canadians and other nationalities with impunity. I still have more faith in my country than to believe that would still be allowed. ALL in my humble opinion.\
So renrob, yes I truly believe in this company. What other motivation would I have? It would be very hard to pump a company that is trading between .00003 and .00005, and sitting under SEC scrutiny. BTW has the market ever allowed retail traders to buy and sell in the fifth digit? Why is CMKX different than all the others, ever? Answer: THE ABOVE
Posted by legaleagle on :
quote:Originally posted by Wallace#1:
quote:Originally posted by renrob05: Legal...do you actually think this stock is going somewhere? (honestly)
And no 800 billion word responses allowed. No reposts either.
I tried to keep as short as I could Wallace, just for you.
Posted by ed19363 on :
You forgot to put IMO on that one, legal. When we sue all the pumpers, you may be liable. IMO is ALWAYS necessary, since CMKX certainly never tells us anything. IMO
Posted by ed19363 on :
Never mind, I caught it on the second reading. Your posts are so long I usually speed read them so I dont have to stay on the computer 24/7.
Posted by renrob05 on :
Legal you'll never get your money back...it's all gone now... but keep believing in them buddy.
Posted by Ric on :
Got this off someone from another board. Thought it rapped it up pretty good.
Do u deny 704 billion O/S?
Do u deny UC busted for selling unregistered stock?
Do u deny ' the T/a gagged?
Do u deny the company has with held vital information from shareholders?
Do u deny UC filing a false SEC 15 from in order to sell 704 BILLION shares with out shareholders finding out
Do u deny pending unanswered charges in Canada?
Do u deny 'No proof of any diamonds?
Do u deny 'No proof of any drilling (trash dump not allowed)
Do u deny selling 'PPS of .00003
Do you deny 'SEC formal investigation
Do u deny 'CMKX appearing before a Federal Judge to be closed down
Do u deny' No verifiable mining claims in cmkx name
OMG!!!!!
Posted by Ric on :
Just because your there, doesn't mean your doing anything.
Its not like hes not telling a few things. He refuses to tell anything.
Everything you claim legal is theories, other companies fortunes, and the fact that NSS exists. Just no proof it exists here.
Posted by Wallace#1 on :
I do get tired of identifying legal's SPECULATION. That's all he seems to do other than post someone elses posts. However, I will point out he is off base again on the following:
"But Urban saw what was going on and continued issuing shares into the market at one price, and then buy back at a lower price, in order to profit from the naked shorting for the benefit of the company, and at the same time, set a trap for the NS MM's and hedge funds."
Sure, legal, sure. And that being done by someone who claimed to be ignorant of knowing how to run a public company. Come on bud. I have heard some wild, off-the-wall stories from you people, but you seem to get more and more ridiculous.
legal also stated:
"It worked, to the point where the NS was approximately 800 billion shares last fall with the issuance of the CIM dividend. The trap was set and sprung by Roger Glenn."
legal, that was what UC issued under the noses of the unsuspecting CMKX cult. Now, instead of UC, you claim Roger Glenn set and sprung the trap. Man, what spin!!
Just watch. Roger Glenn is already being identified as the fall guy due to Urban Casavant's own statement of incompetence as the only officer of a public company. Glenn is smart enough to turn evidence on UC to protect himself. Think about that!!! Do you think he won't be called in and asked questions about the whole fiasco? You bet he will!!!
I don't, for one second, believe much in UC's stroke or heart attact either. I think he staged it at just about the right time in order to blame someone else. What was the date of that so-called heart problem? When did he bring Glenn on board? When did they file the Form 15? When did Glenn make his last PR for UC and CMKX? Are any of those dates in close proximity? And, don't forget that YOU know most people are convicted on the basis of circumstantial evidence.
Come on, legal, play detective.
Posted by bill1352 on :
But Urban saw what was going on and continued issuing shares into the market at one price, and then buy back at a lower price, in order to profit from the naked shorting for the benefit of the company, and at the same time, set a trap for the NS MM's and hedge funds."
==========================================
this has to be the most outragous theory of them all, & thats saying something. it would mean UC sold 696 billion shares in about 4 months into the market. maybe 5 months. this isn't a guess number on my part it is pps fact. it is o/s fact. Fact the o/s on Jan. 1st 2003 was a bit over 7 billion. Fact the o/s in mid-august 2004 was 779 billion & we know where 75 billion was leaving 703 billion. Fact the pps was over .0001 - .0002 only about 4 months in that time. for most of that time you could buy at .0001 or less so where is the sell hi buy low this theory needs to work? i won't even start on the legel problems this causes. i won't even go into the need that whichever mm took those shares to sell into the market didn't know what 696 billion shares would do to the pps. i will just focus on how do you sell 696 billion shares in 4 months or 80 trading days? cmkx has had some very serious numbers of shares traded everyday for over a yr but 9 billion a day bought for 80 days? no sells at all can be included. show me the chart that proves there ever was an 80 day period with a pps over .0002 when 9 billion shares traded Legel. post the chart link in here Legel. post anything at all that can come close to proving that many shares traded when the pps was over .0002. you can't, it didn't happen & the proof it didn't is there & here it is.
this shows pps & volume for the last 24 months.
Posted by bill1352 on :
wanna bet Legel has no responce to this?
Posted by Dustoff101 on :
I gotta move out of the shed, the spring thaw has revealed a ton of chit!!!!!!
Posted by Ric on :
Well May 10th is the spring thaw for CMKX. Remember it stays colder longer up there in Canada, lol. And you haven't seen or smelled the chit this thaw is going to uncover.
Posted by Wallace#1 on :
Hell, bill, legal will find some way to spin everything -- even that!! Somehow there must be a huge mistake in that chart, right? Sure, legal, sure. Keep deluding yourself and others.
Posted by drgnfly on :
leagle the orignal pumpers were not run out by bashers... it was because all the time frames for their theories/dates/specolation had come and gone. What are they going to do? Spin more Bs dates? It was clear the pro CMKX were clueless kool aid drinkers so they left in shame from UC not doing diddly and lying and twisting words around. So they pro cmkx went to the CT board where their phoney boloney theories are still discussed with out everyone laughing at them. If they would not ban us we would all be at the CT thread ripping up the silly spec-o-lations.
I mean look how silly and vain you are... you actually waste time rating me with 1 star. Answer THE FRIGGIN QUESTIONS THAT ARE POSTED HERE OVER AND OVER AGAIN YOU NUT ... AND FACT IS YOU CAN'T Posted by Doctoall on :
Drgnfly I gave you 5 Posted by Dustoff101 on :
Doctoall, do I get 5 stars for living in the shed during the spring thaw....Man, U/C hid some foul smelling chit in here!!!
Posted by lanebro on :
Hey Ric, I see you live in Bristol, you should pop for a ticket to the drags next weekend and go say Hi to Mr. C! I'm sure he'd love to fill you in on a few things. LOL
Posted by lanebro on :
Wow, I just noticed I have ONE star? What's with that? I'm very hurt.
Posted by Ric on :
Oh, I will be there. I just live right behind track. I sure he want tell me anything. Because my questions are those he refuses to answer. You know the important ones that any investor should know about there holdings. Like float, actual goods, and if they will have filings by hearing. And the big question on way he lets these rumors float around and not set people straight.
But I already know the answers but will ask anyway. But more important I am going to the drags.
Posted by Ric on :
You get them in here. Got a lot of jerks come to room
Posted by Doctoall on :
quote:Originally posted by Dustoff101: Doctoall, do I get 5 stars for living in the shed during the spring thaw....Man, U/C hid some foul smelling chit in here!!!
I gave them to you, but it looks like you have picked up some bad ratings from this chit stock thread Posted by Doctoall on :
Hey Legal do you want to come out and play!!! Posted by will on :
Sorry Doc, he can't. He's preparing his assaction suit against the SEC.
quote:Originally posted by Doctoall: Hey Legal do you want to come out and play!!!
Posted by Wallace#1 on :
legal's probably still trying to figure out how to respond to "What?". LOL
Posted by Wallace#1 on :
"assaction suit"
There it is again!!!
Posted by Doctoall on :
Naw he is probably busy in the kitchen making a fresh batch of kool aid and administering the faithful their much needed Saturday night dose, to keep them in the dark.
Lagal/Urban/Andrew are great mushroom farmers, keeping the faithful in the dark and feeding them crap. And man do they have loads of crap to feed Posted by Doctoall on :
Of course Legal could be sitting on the crapper having a "Brain Drain" Posted by will on :
class action - multiple-plaintiff litigation: an action brought by one or a number of litigants representing others sharing the same legal problem and seeking remedy or relief for all
assaction - multiple-plaintiff litigation by asses: an action brought by one or a number of asses representing others asses sharing the same assinine beliefs and seeking remedy or relief for all asses involved. (Usually the class of asses are referred to as dumbasses)
Posted by Wallace#1 on :
quote:Originally posted by will: class action - multiple-plaintiff litigation: an action brought by one or a number of litigants representing others sharing the same legal problem and seeking remedy or relief for all
assaction - multiple-plaintiff litigation by asses: an action brought by one or a number of asses representing others asses sharing the same assinine beliefs and seeking remedy or relief for all asses involved. (Usually the class of asses are referred to as dumbasses)
Thanks Will. That explains everything! Would a strong laxative help them? After all, their problems seem to be concentrated in one location.
PS: Don't they call donkeys asses too. How about mules? As in mule train. You do know that donkeys and mules are related, huh? Comes from a horse's ass.
Posted by legaleagle on :
"Absolutely Renrob. I surely don't post in here for the comraderie and uplifting intellectual discussions."
THANK YOU ALL FOR PROVING MY POINT.
Posted by Wallace#1 on :
legal, you have convinced me that the only "POINT" you have is the one made up of your head. LOL
Posted by will on :
"THANK YOU ALL FOR PROVING MY POINT"
NO, NO, THANK YOU.
Where would be without someone who refuses to acknowledge REALITY?
You prove our point everytime you pump this POS.
[ April 24, 2005, 00:04: Message edited by: will ]
Posted by Doctoall on :
quote:Originally posted by legaleagle: "Absolutely Renrob. I surely don't post in here for the comraderie and uplifting intellectual discussions."
THANK YOU ALL FOR PROVING MY POINT.
Legal: Like you bring anything uplifting to this thread, lies, denial, twisted truths and other crap. Legal. you need to be an intellectual to have an intellectual conversation. Maybe just maybe if you laid off the kool aid you may achieve that status Posted by Wallace#1 on :
Will, what in hell did you do, wake up legal? I guess we can look forward to a few reposts of posts or some crazy off the wall speculation now.
I cannot be bothered with it. Going to sleep. Good night.
Posted by kevinbailey on :
Just coming back to the board. I see we're still debating this worthless money pit of a stock. If "Ric" is the former "RicPick", and even HE'S given up on this stock, I think it's safe to say that the stock is dead! Posted by bill1352 on :
come on guys...legel. i'm asking you to stay. without you we would have to join a pro cmkx board & bring that crap in here ourselves to continue the fun & entertainment cmkx has provided. & i for 1 want something for the cash i lost on cmkx. since profit is out of the question entertainment is all thats left..........oh by the way legel, still waiting for your responce to my proof UC never sold hi & bought low.
Posted by kevinbailey on :
Did anyone actually make money on this stock when the price moved? If so, congrats. I doubt it, though. The only ones who make money on crap like this are the stock issuers, as they sell into the buying frenzy.
Posted by Ric on :
Shoot, was hit again. Who is being so petty about giving the 1 stars. Got 2 more last night.
Man the largest snow fall of the year for us here. Theres 3 inches of snow on the ground. I bet this will kill all my flowers.
Posted by Ric on :
Don't even put that shameless pumper on me. More people have been burnt by his picks then anyone on this board.
quote:Originally posted by kevinbailey: Just coming back to the board. I see we're still debating this worthless money pit of a stock. If "Ric" is the former "RicPick", and even HE'S given up on this stock, I think it's safe to say that the stock is dead!
Posted by Highwaychild on :
Bill, if you just can't get in enough CMKX,check out the NHRA .com website.The "NHRA video game developer diary #4: The sounds of the drags" headline.I wonder if you can get the game through GXFX yet.LOL I can't wait,I'm going to rent this today.I'll get practiced up on it and maybe I'll kick you but in the quater mile with the Got CMKX car online if the game is set up for it.Bet that would hurt a little bit Bill,to get blown away by CMKX.LOL(j/k,all in fun)
Just checked,not out yet.Too bad,you'll have to wait a little while longer to be Urban Bill.LOL
[ April 24, 2005, 12:01: Message edited by: Highwaychild ]
Posted by Wallace#1 on :
Bet you'd win too, Hwy! LOL
Posted by Highwaychild on :
I bet I would too,easy!He'd probably do something crazy like sell the car(s), and take the money to start bulk sampling for diamonds or something.LOL
Posted by Wallace#1 on :
He'd probably do a better job than UC! LOL
Posted by bill1352 on :
beat me in an online game??? or any video game for that matter??? thats a no brainer. the last video game i played was Asteroids & it was new then...lol. tho i will say i did beat super mario a few yrs back say 1986. now if you want to talk real cars we are heading into my realm...lol
Posted by Highwaychild on :
Asteroids,LOL! You got a hot rod Bill? I've got a buddy with a 1969 OLDSMOBILE 442 TWO DOOR HARDTOP,souped-up and mint+ condition.Sweet ride.He put it in a show just yesterday.
[ April 24, 2005, 13:40: Message edited by: Highwaychild ]
Posted by Doctoall on :
Just a little humor other than Legal's posts
The Accountant submitted by Colin
Fresh out of business school, the young man answered a want ad for an accountant. Now he was being interviewed by a very nervous man who ran a small business that he had started himself.
"I need someone with an accounting degree," the man said. "But mainly, I'm looking for someone to do my worrying for me."
"Excuse me?" the accountant said.
"I worry about a lot of things," the man said. "But I don't want to have to worry about money. Your job will be to take all the money worries off my back."
"I see," the accountant said. "And how much does the job pay?"
"I'll start you at eighty thousand."
"Eighty thousand dollars!" the accountant exclaimed. "How can such a small business afford a sum like that?"
"That," the owner said, "is your first worry."
Posted by dwman on :
Okay guys...enough already as they would say in Boston. You guys are better men than that. I have been out of town and have not read the posts except for the last two pages but mercy is a great quality to have. I suggest you extend some to legal.
Posted by dwman on :
Baby bear was wondering around on the street crying over a bruised eye. A cop ask him what was wrong and baby bear replied, "Pappa bear beat me". The cop took baby bear to the judges for a solution. The judges ask baby bear, "does pappa bear beat you often?" and baby bear replied, "ever day". The judges says, "well I hereby remand you into the custody of mamma bear." "Oh no", replied baby bear, "mamma bear beats me harder than pappa bear". The judge then asks baby bear, "is there anyone else who could care for you?" Baby bear said, "yes, there is aunt Bertha bear but she lives in Chicago." The judge then inquired, "what makes you think that Aunt Bertha bear will not beat you as pappa bear and mamma bear did?" Baby bear answered, "Oh I'm not worried about that. The Chicago Bears never beat anyone."
Posted by Wallace#1 on :
OK, dwman. I'm game....but isn't that a two way street? Just think of his long resposts of posts. No mercy there for us, huh? LOL
Posted by dwman on :
Two way streets are nice but in the end, one is only accountable for self. JMO. I'm still reading one of those post and I started it last week. LOL ... just kidding legal.
Posted by Wallace#1 on :
Hwy, "I've got a buddy with a 1969 OLDSMOBILE..."
That's a new car to me. LOL
Posted by dwman on :
Well, my bear joke got no laughs so I'm going to go to bed if little red riding hood is not in my bed. lol goodnight.
Posted by Wallace#1 on :
Yeah, legal, I'm kidding too! Peace.
Posted by Wallace#1 on :
quote:Originally posted by dwman: Well, my bear joke got no laughs so I'm going to go to bed if little red riding hood is not in my bed. lol goodnight.
Now that WAS funny!!! LMAO
Posted by Ric on :
Man snow all day and freezing in late April. Man wheres this global warming at. I'm cold.
Posted by glassman on :
global warming hmmm...read "State of Fear" by Crichton...
as you read it, think politics in general, and the markets too....
Crichton is usually into real sci-fi, but this one is more about the current state of humanity....esp after 9-11...
Posted by bill1352 on :
highway, no street cars now, last was a 69 camaro, a 57 chevy before that. when my 62K of cmkx becomes $62K i'll buy another 1...lol. then again if i saved 5 cents per day i'd get the cash sooner, in fact if it was 1 cent per day i'd get there sooner but i wont live 100 more yrs, & if i did i'd say 147 yrs old would be too old to be trying to put a street car together...lol
Posted by bill1352 on :
i agree ric...i'm goin outside with every spray can i have & empty them...lol. but then our average last snow fall is april 22nd so i guess its expected.
Posted by legaleagle on :
Administrator
member is offline
Gender: Posts: 5255 IF YOU'RE IN, WE ALL WIN. « Thread started on: Apr 24th, 2005, 2:13pm »
-------------------------------------------------------------------------------- Here is my opinion piece:
(First let me say... that if you have any questions please do not hesitate to PM me. I feel that this is the most important question that we as CMKX shareholders have ever had to ask ourselves. Second only to whether to buy CMKX or not. JMO)
For those who have not joined yet, but are stilll thinking about it... I feel that I could be of some assistance.
Yes... I was one of the original "I hate this idea" people.
I thought Bill was out for himself, and would PO the judge, and ruin us.
Guess what? The judge over-ruled the SEC to hear from US... through Bill!
That's victory #1.
In detail.... what caused me to change my mind?
Number one:
The FACT that the SEC did not want us represented.
Can you imagine? Our protectors, our regulators... they do not think we are entitled to know how the decisions are made regarding OUR MONEY? ! ! !
Bill Frizzell is spending a considerable amount of time, and money to be there for us acting as fly on the wall to report back to us. NO ONE else has this access, and I think that is worth joining... and believe me $25 per person will be burned through, and then some. No profit for Bill here IMO.
CMKX cannot communicate to us in the same way. They have to be very careful, and cannot act as the conduit in the way Bill can.
Numer two:
Someone has hurt us, and needs to pay. In an organized state we are a tremendous force to be reckoned with. We are educated, and have the finances to protect ourselves. We are no longer circled wagons.... we are an armed, and marching regimen.
I believe that it is the MM/Hedge/SEC Cartel that has taken our money, diluted our value, and stolen our time as well in making us feel so precariously footed in our investments. We lose sleep, and live on this board, and, although not the primary focus of this move... if it comes I for one will definitely support a class action suit against that cartel if we prove a naked short.
That's why we need the share count, mine and yours... to nail them to the wall. You have the power to help yourself, and all of this community... but only if you get involved.
In conclusion:
Yes.. Bill is in, and you may say... why spend the $25 now?
SHARE COUNT!!! DON'T YOU WANT TO PROVE THE NAKED SHORT?
No more wishful thinking... get counted now!
We will then be organized, and armed with proof to take action against WHOEVER has done us harm, and take our money, lives, and future back!
I believe that our enemy is The Market Cartel.
and:
IMO we will be at the vanguard of the transformation of the capital markets.
We are a team, and a family as shareholders of CMKX.. and we need to unite, and stand up for ourselves, our families, countries, and world.
This is our chance to fight on the world stage, and not sit back waiting to be crushed.
TOGETHER WE ARE STRONG.
Thanks for listening.
Posted by legaleagle on :
SGGM News
St. George Metals is Pleased to Announce the Appointment of William Haseltine as New President of the Company
LAS VEGAS, April 25 /PRNewswire-FirstCall/ -- St. George Metals, Inc. (Pink Sheets: SGGM), is pleased to announce that the Board of Directors has appointed William Haseltine as the Company's new President. Mr. Haseltine brings to St. George Metals a vast amount of experience. He has been practicing law for over 20 years as a corporate and SEC attorney. He has been a major contributor in mergers and acquisitions for numerous public companies. He also worked for the SEC in the Washington office for 10 years, and was a Special Counsel there.
With the current opportunities that lie ahead for the company, SGGM felt that it was extremely important to appoint a President that had both corporate and legal experience as well as SEC experience.
Mr. Haseltine stated, "I am excited about joining St. George Metals, Inc., and feel the company has tremendous opportunities in mining. My immediate goals for SGGM will be to act upon the following:
1. Get the company current and compliant with all required SEC filings. 2. Assess the immediate acquisition opportunities of mines and mining claims. 3. Finalize and close out all deals both pending and previously negotiated with other mining companies."
Forward-Looking Statements:
Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
St. George Metals, Inc.
CONTACT: William Haseltine of St. George Metals, +1-703-276-1919
Posted by legaleagle on :
3. Finalize and close out all deals both pending and previously negotiated Posted by legaleagle on :
Street Shares: 134,277,659,979 Cert Shares: 14,492,313,997 Total Shares: 148,769,973,976 Signed Agreements: 1850
Posted by Doctoall on :
Legal I see you are having another brain drain, you are sitting on the crapper to much. Make sure you flush after you dump all that CMKX crap Posted by Doctoall on :
quote:Originally posted by legaleagle: Need a little peek into the near future?
The Counterfeit Conspiracy = SEC/DTCC & the Market Makers conspiring to flood the market with counterfeit stocks, thus diluting your stock, lowering it's value and invalidating the entire supply and demand process that is supposed to govern how the market operates. The SEC has given the Market Makers carte blanc to sell unlimited numbers of shares without making a corresponding buy. In the vernacular of the market this is called Naked Short Shares or NSS.
Until recently the SEC denied that NSS even exists or that it is in any way a problem for investors. Under outside pressure the SEC finally came up with new rules, named Regulation SHO that appeared to be designed to end the process of allowing the Market Makers to sell unlimited numbers of Counterfeit shares to the buyers of a wide range of securities. But Regulation SHO turned out to be just a smoke screen. SEC has to date NOT enforced Regulation SHO despite hundreds of securities meeting the threshold to be included under SHO.
Now under ever increasing pressure to enforce their own regulations, on April 11, 2005 the SEC came up with the ultimate insult to every investor in the stock market. In a written explanation of NSS the SEC had the temerity to try to explain the counterfeiting away as being necessary and good for the market.
We will take on the Naked Short situation by bringing this problem to a higher level of exposure.
Our goal is to take it to the big screen and air it on national television and National and International distribution of a DVD, ( a mini version of the documentary will be sent to the media as part of a press package) The documentary will be presented in all Film Festivals in the US and around the World.
We will interview CEO of many different companies that have and being affected by Naked Short.
We will interview as many shareholders as possible that are trapped in companies being attacked or targeted by Naked Short.
We will interview experts in the fields of Naked Short
We will travel to many cities to interview Congressman's and Senators, and other government officials Market Makers, Dealer Brokers and others, about Naked Short.
We will help organize a massive march to Washington to face the SEC the DTC and Capitol Hill
Fuego Entertainment, Inc. 19250 NW 89th. Court Miami Florida, 33018 (305) 829-3777
Posted by Doctoall on :
Geez legal you need some help with that diarrhea you are spouting off. We will never seen anything from SGGM. CIM or CMKX, we have been "had". Anything to do with Urban is a scam, that is of course you are a kool aid drinker and have lost touch with reality. Posted by ed19363 on :
What a riot....the only people who WONT make money out of this turkey.....IS US !!!!!!
By the way, I'm getting tired of hearing CIM. CIM exists as a stock already being traded, and it has nothing to do with CMKX. CIM as having anything to do with Casavant DOES NOT EXIST !!! Somebody needs to pick a new symbol.
Posted by bill1352 on :
ed...the CIM thats part of CMKX is private & doesn't trade on the boards thus the 2 companies can have the same sybmol. as for SGGM...who cares UC got those shares & 200 billion of them. thus its in the toilet now.. yes its pps is ok but thats because UC's shares are restricted. you think we got took...pay $10 million & 200 billion shares for 5% of nothing.
ya gotta love these kool-aide drinkers...a line from the above drivel legel re-posted..................
I believe that it is the MM/Hedge/SEC Cartel that has taken our money, diluted our value,..............as if UC dumping 703 billion shares wasn't bad enough...lmao. is it really possible to dilute a stock further then 703 billion???
Posted by Doctoall on :
Legal, how much $$ is Urban paying you ?
Posted by JEAL on :
Ouch - just noticed 1 ( ONE ) star.....I appear to be right at the bottom with CMKX right now.
( DISCLAIMER ) I am not a pumper nor basher and do hold 5 mil shares of this stock.
Just liked the joke of being at the bottom
Posted by Ric on :
I gave you a 5 Jeal but doesn't look like it moved it. Maybe it takes a few minutes.
Posted by JEAL on :
Ric - Thanks for the 5 stars --
Its going to take a lot to get me off the bottom. I am pretty heavy with all the diamonds that I have here in this bag....!
Posted by Doctoall on :
quote:Originally posted by JEAL: Ric - Thanks for the 5 stars --
Its going to take a lot to get me off the bottom. I am pretty heavy with all the diamonds that I have here in this bag....!
Jeal I just gave you 5 also Couldn't think of anything better to do for a fellow Canadian.
Posted by JEAL on :
Woohooo!!!
Up to 2 now.
Now I need to spill my guts on my opinion of this. I am prepared to be thrown to the lions as well due to my stance - or hope legal pulls me from the pit once I do get thrown in.
1. Do I think CMKX has potential? Yes. Basis being that the fact remains that they do have mineral claims that could - or could not be worth anything. 2. I believe that the SEC would have had a lot easier time achieving their goal - however the SEC does APPEAR to be struggling somewhat with what they are trying to accomplish. 3. There are a lot of names ( Principal Operators ) that seem to have significant history - Maheau for example. I still struggle trying to figure out why he would associate himself with this company if there was not some underlying reason to do so. 4. Frizell - really no opinion, except he seems to be making things difficult for the SEC. 5. NSS? - I think there may be some - however, to what extent - I am not sure, but I also struggle trying to understand that how there could not be with the continued astronmical volume on CMKX day after day....what would drive this?
Could CMKX be a scam? 1. Sure it could. I have a lot of unanswered questions as to filings, in the dark speculation etc...yes, I do understand that the claim is that the are "gagged", but the complete lack of info, has me also struggling to grasp the rational behind this. 2. Urban - doesnt seem to be the most up and up person I have seen. However, he never seems to change his deamanor at any function and remains true to his objectives ( weather they or real or not ). 3. Is the Frizell $25.00 thing bother me. A little, as I cant understand the requirement completely.
SUMMARY - still in the dark - still a supporter, but do understand that my investment of 5 million shares at 0.0001 ( held since March 04 )could be worth as much as this virtual paper that I am writing on. However, I invested knowing the risk - as any stock - and am still hoping that I can make enough to fund my weekend warrior race team, and/or by a new fishing boat.
JEAL
Posted by Upside on :
Originally posted by JEAL:
quote:and am still hoping that I can make enough to fund my weekend warrior race team, and/or by a new fishing boat.
How about a new fishing lure? That might be more realistic.
Posted by Ric on :
I don't really see a problem with your position either. You have money in it and hoping for the best. I see things different and really can't see how people couldn't see this for what it is with the 704 billion o/s. No one in history every did this. On top of refusing to release any important information.
But at least you didn't bring in other company's news and theories that can't be proved and pawn them off as dd. That is what irritates a lot of people. False claims as facts and non sense post after non sense post about things they know nothing about. Can there be NSS, I think there may have been some in the past but with 704 billion o/s, no way anymore. Also look at the paid pumpers for this. Willy, sterling, Topo, Dr. D, and George Burns. These people are red neck trailer trash. Just listening to them makes me sick.
But as I said, its your money. You can do with it as you please. Just don't talk anyone else into this scam.
Posted by JEAL on :
quote:Originally posted by Upside:
How about a new fishing lure? That might be more realistic. [/QB][/QUOTE]
Upside - I guess I should be prepared for that kind of comment. As I said, I am still optimistic - but realistic, as I pointed out in my previous post.
Although it is very easy to be pessimistic about this dirty little stock, as there is lots of info to complete such a task - however - there is still lots of published ( mineral claims )- not rumorored info that makes it possible to still hold a small glimmer of hope -
I have to have hope - I have 5 mil shares. If the SEC is successful in de-listing, my tune/music may change.
Posted by Ric on :
lol, they keep holding till revoked and they can't even afford that.
quote:Originally posted by Upside: Originally posted by JEAL:
quote:and am still hoping that I can make enough to fund my weekend warrior race team, and/or by a new fishing boat.
How about a new fishing lure? That might be more realistic.
Posted by JEAL on :
quote:Originally posted by Ric: .... Just don't talk anyone else into this scam.
Ric, Never in a million years, would I try and talk someone into this stock. Please do not forget, with some of my reasons for hope, I published just as many /equal reasons for why I am not optimistic. The other stocks that are associated with this company are just that - associates -.
I purchased this puppy as a lottery ticket - IF I was intelligent, I would have sold most of it at the run last June and kept free shares - however, as my wife sometime says - "You have the IQ of a parking meter"
At this point - as options are minimal - along for the ride.
Posted by Upside on :
Originally posted by JEAL:
quote:Upside - I guess I should be prepared for that kind of comment. As I said, I am still optimistic - but realistic, as I pointed out in my previous post
Nothing wrong with hoping for the best, I've still got 4 million myself and sure, I hope something happens that gives me a chance to sell them at break even, I just don't see it happening. Most who bought into this stock viewed it as a boom or bust situation and unfortunately, we're witnessing the bust.
Posted by bill1352 on :
jeal with the selling going on at .00003 now i'd hold & hope too if i was you & only put $500 into it. your down about $380 now. if UC wasn't such a crook or moron or whatever that POS is (other then a POS) cmkx might have some value. but when you have some jerk-off dumping 703 billion shares into the market the final outcome can't be good.
Posted by JEAL on :
Upside
Bust ???
Blonde, Brunette, or Redhead? ( no - it cant be someone from this board in a summer dress )
At least that would make the "bust" portion of this ride less painful. - Posted by JEAL on :
quote:Originally posted by bill1352: jeal with the selling going on at .00003 now i'd hold & hope too if i was you & only put $500 into it. your down about $380 now. if UC wasn't such a crook or moron or whatever that POS is (other then a POS) cmkx might have some value. but when you have some jerk-off dumping 703 billion shares into the market the final outcome can't be good.
Bill - If I knew now, back in June and had the opportuntiy to see the likes of Ktrain, Daradog etc...I could have been sitting pretty.
There has been wierder things happen, maybe we will get back to that range again - however, I do agree that the "ACKNOWLDEGED" outstanding shares does wreak havoc on that little plan...
However, can someone please explain to me why the volume continues to remain so high.
Posted by Upside on :
Originally posted by JEAL:
quote:( no - it cant be someone from this board in a summer dress )
You're thinking of Will and believe me it's nothing you want to see!
Posted by JEAL on :
quote:Originally posted by Upside:
quote:( no - it cant be someone from this board in a summer dress )
You're thinking of Will and believe me it's nothing you want to see! [/QB]
I am quite sure - of all the things that you have ever posted - this is one I think we both agree 100% on....
Posted by bill1352 on :
jeal...why cmkx has had so much volume for so long even the cult has no theory on...lol. if you say its the mm's covering a n/s then there goes your squeeze of the century. the only buying would be cult members, seriously, your new to cmkx, you look at the last few prs, you see 703 billion o/s and a sec investigation. you look at a few boards and see its trading at a .00005 average. do you buy hoping to see .0001?. the only reason to buy now is the need for a tax write off next yr.
Posted by dwman on :
quote:Originally posted by ed19363: What a riot....the only people who WONT make money out of this turkey.....IS US !!!!!!
Wrong Ed!!!! I'm making tons of money. I buy plain ole koolaide at the store (cheap) and I relabel it "CMKX Koolaide" and I'm getting $5 a packet for it. I've already made 4 million dollars.
Posted by dwman on :
The thing about the Koolaide is, when you open the packet, there is a little card stating that within 6 months cmkx will be bankrupt but you have to buy more and more of it to collect information about the details. My largest purchasers? Will, Wallace, Ric, Doc, Ed, and Upside. LOL
Posted by imakmony2005 on :
whats this .0006 for the day high is that right??
Posted by will on :
Yea, that's right ! LOL At least thats what the freaks will tell ya. .00006 more like it. A fat finger micro micro trade.
quote:Originally posted by imakmony2005: whats this .0006 for the day high is that right??
Posted by Wallace#1 on :
JEAL wrote: ""You have the IQ of a parking meter." I am aware that you said that is something your wife said.
Well, Jeal, that's somewhat better of being called "stupid", huh? LOL
I did like your analysis, but do not agree with it as you know. If CMKX had even the slightest potential, as "stupid" as UC seems to be, don't you think he would have done a lot more to discover it? Instead, it's race cars, credit cards, marked diamonds (and I really wonder how anyone would believe authenticity if he was involved with the marking), etc., etc.
Obviously, your current position is to buy no more CMKX shares. That IS "smart".
Posted by Wallace#1 on :
quote:Originally posted by dwman: The thing about the Koolaide is, when you open the packet, there is a little card stating that within 6 months cmkx will be bankrupt but you have to buy more and more of it to collect information about the details. My largest purchasers? Will, Wallace, Ric, Doc, Ed, and Upside. LOL
Looks like my friend, dwman, is drinking his own koolaide today. Never thought I would see any indications of that from him. It's gotten to him too!!! Alas, what has koolaide drinking come to????
Posted by will on :
He'll sober up. Probably bumped into some cert carrying CMKX'ers over the weekend. He'll be ok by Wednesday. You know that koolaid leaves ya all toxicified and hungover, and makes ya crazy for few days.
Posted by bill1352 on :
next thing ya know Wallace you'll have cmkx kool-aide junkies. it'll be on street corners & in the alleys. you'll have kool-aide whores, guys will be robbing folks for another packet & a few million more shares. soon the SEC will be running public service ad's tellin kids to "Just Say No". there will be special 12 step programs that include math classes. the worst cases will be living in cars, following the races begging UC to print more shares. pleading for useless prs & more SEC suspensions so that they can feel persucuted by mm's & the SEC. it'll get ugly, come to think of it we're only missing 1 or 2 of those events now...lol
Posted by Wallace#1 on :
I didn't want legal to think one of his reposts of a post went unnoticed. I must conclude this post came from the CT forum. Guess who? Pulling out all of the ridiculous statements of an "Administrator" would be tiresome, but here are a few:
ADMINISTRATOR (R): "The FACT that the SEC did not want us represented.
Can you imagine? Our protectors, our regulators... they do not think we are entitled to know how the decisions are made regarding OUR MONEY? ! ! !"
RESPONSE(R): Look what happens when the CMKX cult members ask questions of UC et al. Mt.St.Helens, strongboxes in warehouses, no financials, no float announced, no authorized announced when done to the extent of 800 billion, no I/O announced until UC forced, ambiguous PRs, promises not kept, false SEC filings, parties and on, and on, and on. Who the hell do they think is responsible for not apprising them "regarding OUR MONEY"?????
A: "Someone has hurt us, and needs to pay. In an organized state we are a tremendous force to be reckoned with. We are educated, and have the finances to protect ourselves. We are no longer circled wagons.... we are an armed, and marching regimen"
(R): Then demonstrate your education. Make the responsible parties pay instead of blaming someone you want to correct the injustices brought upon the CMKX cult members. Make Urban Casavant and cohorts (including Roger Glenn) take responsibility. Make THEM pay.
A: "That's why we need the share count, mine and yours... to nail them to the wall."
R: It is a very simple matter for UC/CMKX to give you a share count, including the actual float or number of shareholders. It is simply a matter of demanding the TA poll the brokers holding shares in street name to each provide the TA with their total number of CMKX shareholders (not individuals). That's 1 figure from each broker and probably not more than 15-25 brokers involved. Put the burden and the responsibility where it belongs....on UC and CMKX!!! Then you can nail someone to the wall.
A: "We will then be organized, and armed with proof to take action against WHOEVER has done us harm, and take our money, lives, and future back!"
"...diluted our value, and stolen our time as well in making us feel so precariously footed in our investments. We lose sleep, and live on this board,..."
(R): Apparently the writer feels harmed, money was taken and futures hurt. This does not sound like a forum where everyone is confident and thinks CMKX will succeed in an attempt to abscond with shareholders' money. Look to the true source and that lies with CMKX and it's one man management team....Urban Casavant. Urban Casavant diluted the value and you cannot admit that! Place the responsibilty where it belongs....with URBAN CASAVANT!!!
There is no proof of anything except that CMKX and UC have not delivered and there is plenty of proof of that FACT. Just the opposite has transpired and the cult members bought it hook, line and "stinker". All that exists is wild theories the CMKX cult has repeated redundantly.
A: "I believe that our enemy is The Market Cartel." "I believe that it is the MM/Hedge/SEC Cartel that has taken our money..."
R: Everyone is against you so join and spend $25 to join "flies on a wall". How could all those people/institutions have taken your money unless you gave it to them and kept asking to give more because of dreams, hype, pumping, etc.?Talk about paranoia!!!
Posted by Wallace#1 on :
legal, do you have the guts to name the above mentioned "Administrator" you reposted?
Posted by will on :
"R: It is a very simple matter for UC/CMKX to give you a share count, including the actual float or number of shareholders. It is simply a matter of demanding the TA poll the brokers holding shares in street name to each provide the TA with their total number of CMKX shareholders (not individuals). That's 1 figure from each broker and probably not more than 15-25 brokers involved. Put the burden and the responsibility where it belongs...."
The truth is right there. There is no other polls, organizing, share counting or anything needed, save that being disclosed.
Case closed!
Posted by Upside on :
Originally posted by dwman:
quote:The thing about the Koolaide is, when you open the packet, there is a little card stating that within 6 months cmkx will be bankrupt but you have to buy more and more of it to collect information about the details. My largest purchasers? Will, Wallace, Ric, Doc, Ed, and Upside. LOL
But the only reason I'm buying so much of it is that one packet out of every 350 billion contains a diamond chip. Problem is, it's smaller than a Koolaide crystal so you have to look real carefully at everything that doesn't dissolve.
Posted by legaleagle on :
I would like to report on my meetings in Las Vegas last week. I met with Don Stoecklein and others in his office. Don is representing CMKM Diamonds, Inc. in the SEC proceeding. I had the pleasure of meeting Urban Casavant, Carolyn Casavant, Ron Casavant, Mike Williams, and Ed Dhonau. Anthony Demint, with Mr. Stoecklein’s office, was present during most of the meetings. There were other individuals present at different times during the day. Mr. Maheu was out of town and unavailable.
Don Stoecklein is spending long hours preparing for the hearing and guiding the work being done to have the proper financials filed. We have reviewed over 1200 pages of documents which were contained in the SEC’s administrative file. Witness lists and exhibit lists have been exchanged. We mutually agreed upon the terms of a confidentiality agreement. There is certain information which could only be disclosed to me with this confidentiality agreement in place. This was discussed prior to my visit to Las Vegas and was not unexpected. I must be privy to certain information to be able to be an effective advocate for our shareholders.
The company is (and has been) concerned about possible naked shorting of company stock. A plan for assessing the naked short position has been discussed. I cannot go into detail about the plan at this point. I can confirm that actions are contemplated which will identify the naked short position which may exist. We will be continuing this investigation as we prepare for the 12(j) hearing. I share any frustration you may have in my inability to disclose to you more specifically our plan at this point. I am trusting that as investors and business people you can understand why I might not be able to lay out in detail how we plan to document any abuses that may have occurred in this stock. I am convinced there are certain people dedicated to seeing this company fail. Some are members of your boards and pose as friends. They have even joined this group and call and email with innocent questions to see our progress. It would not be helpful to you as shareholders to disclose certain things to these people through this forum.
Questions about the float will be answered as we gather information in this investigation.
I have received requests for reserved seating at the hearing and I simply do not have any control over the seating problem.
We again ask for patience if you get this information from some source other than your chosen email. We have switched to a dedicated server that will allow us to handle a virtual unlimited number of emails.
The numbers of our group were discussed on several occasions during our meetings. There was discussion concerning some other companies that are currently battling the naked short issue. It was pointed out to me that we had one thing the other companies do not have-an educated and organized shareholder group. Of course I knew that but I was proud for you folks when I heard others make that comment. Our recent verified numbers are 1,948 shareholders owning 152 billion shares. I look forward to a visit with you on Wednesday or Thursday.
Bill Frizzell
P.S. Many of you will enjoy viewing the witness/exhibit lists which have been posted on the group’s website.
Posted by glassman on :
I am convinced there are certain people dedicated to seeing this company fail. Some are members of your boards and pose as friends. They have even joined this group and call and email with innocent questions to see our progress.
that doesn't sound too good...
some people are actually out to stop the success of the company? sheesh unbelievable....
i wonder if they are eco-terrorists trying to stop the mining....LOL
Posted by legaleagle on :
quote:I am convinced there are certain people dedicated to seeing this company fail. Some are members of your boards and pose as friends.
Uh-oh, head for the hills guys, the jig is up.
Posted by Ric on :
Geez, the SEC is listing as exhibits all of the prior PR's (94 of them, actually 80 pr and board minutes when they filed form 15 lol). That can't be good. A one witness that UC don't have and thats the TA. Why would they want to call him????? hum
Posted by Upside on :
Notice the name Ramy Kassabgui on the DOE witness list? Here's a little bit about him.
"Ramy Kassabgui works for the SEC. He is a Surveillance Specialist with the Internet Enforcement Branch. In other words, he catches criminals in the financial investment arena."
Posted by legaleagle on :
quote:Originally posted by Wallace#1: legal, do you have the guts to name the above mentioned "Administrator" you reposted?
Sure, he just goes by the screen name of "J" on PB32
Posted by legaleagle on :
quote:Originally posted by Upside: Notice the name Ramy Kassabgui on the DOE witness list? Here's a little bit about him.
"Ramy Kassabgui works for the SEC. He is a Surveillance Specialist with the Internet Enforcement Branch. In other words, he catches criminals in the financial investment arena."
And he catches "bashers" and "pumpers" on line. Uh oh.
Posted by Upside on :
I'm in trouble!
Posted by glassman on :
quote:Originally posted by legaleagle:
quote:Originally posted by Upside: Notice the name Ramy Kassabgui on the DOE witness list? Here's a little bit about him.
"Ramy Kassabgui works for the SEC. He is a Surveillance Specialist with the Internet Enforcement Branch. In other words, he catches criminals in the financial investment arena."
And he catches "bashers" and "pumpers" on line. Uh oh.
how come he let CMK? go as far as they did then... i've seen more flat out BS from cmk? pumpers than all the other ones combined....(and i've seen a lot)
Posted by Highwaychild on :
What was the guys name on the BOD of cmkx? Dr. Purrin...? Dr. Puran...? I can't remember,but the article I was thinking of he was allready in a law suit pressing a naked short lawsuit with another company.And I was wondering how that case was coming along.I can't even remember the name of the company.This could be tied up in court,and if you're going to get sued, you're going to countersue,right?
[ April 25, 2005, 22:49: Message edited by: Highwaychild ]
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: FRIZZELL / STOECKLEIN Witness and Exhibits
URBAN CASAVANT CAROLYN CASAVANT RON CASAVANT ROGER GLENN DESORMEAU(sp)- prev. Treasurer) MELVIN PREVIOUS DIRECTORS TAs (both)
Obvious question:
Donahu as a witness? Why? He's neither an officer nor a member of the Board of Directors. Has he ever been? He has a questionable past when it comes to illegal or improper securties trading. If anything, he owns a good deal of stock and should not be privy to any more information than any other shareholder. IS HE BEING OR HAS HE BEEN GIVEN INSIDE INFORMATION???? If not, what is he qualified to state as to CMKX and it's operations? The answer should be NOTHING!!!! If he has been given such information, he is required to have released it publicly. That IS securities law. And, anyone giving him inside information, such as UC, has also violated securities laws.
Posted by legaleagle on :
Shhhhhhhh.............listen............can you hear it?
Posted by bill1352 on :
oh no guys the jig is up...either we repent & become kool-aide drinking pumpers or the SEC bulldogs will take our keyboards away...well i for 1 will not stand for such bullying tactics. give me bashing cmkx rights or give me back the money UC diluted into nothing...lol....notice the SEC is calling the t/a. last person on the list & ya think maybe the SEC internet inforcer has been in the pt chat room once or twice, with sterling & pals? lets see i'm a basher & i said the o/s was 779 billion in sept. & the company proved me right. i'm a pumpoer & i swore the o/s was not over 10 billion & probably in the millions & came up with wild theories to back my dreamworld up & the company proved me wrong. hmmmmmm i wonder who the SEC would frown upon more?
Posted by bill1352 on :
notice on the cmkx list not 1 person to back up any claim info. not 1 mineral expert to say cmkx was not wrong in stating they had mineral rights of any value. but they want to prove this all happened, dilution to 703 billion shares because of naked shorting as the last few items suggests...well the evil mm's naked shorted us into dilution without rules being applied so why cant we dilute our stock without any rules being appied. does that sound like little kids arguing with mom & dad to anyone else?
Posted by legaleagle on :
quote:Originally posted by Highwaychild: What was the guys name on the BOD of cmkx? Dr. Purrin...? Dr. Puran...? I can't remember,but the article I was thinking of he was allready in a law suit pressing a naked short lawsuit with another company.And I was wondering how that case was coming along.I can't even remember the name of the company.This could be tied up in court,and if you're going to get sued, you're going to countersue,right?
Were you looking for Rupert Perrin, highway?
Posted by Wallace#1 on :
I wonder if the SEC knows about Donahu's past record with reference to issuing unregistered securities? He certainly makes a credible witness, huh?
Posted by legaleagle on :
quote:Originally posted by bill1352: notice on the cmkx list not 1 person to back up any claim info. not 1 mineral expert to say cmkx was not wrong in stating they had mineral rights of any value. but they want to prove this all happened, dilution to 703 billion shares because of naked shorting as the last few items suggests...well the evil mm's naked shorted us into dilution without rules being applied so why cant we dilute our stock without any rules being appied. does that sound like little kids arguing with mom & dad to anyone else?
I don't think they were charged with that bill.
Posted by Ric on :
Yes Legal your right but and a big but.
Isn't CMKX's excuse for not filing and the lie on the Form 15 that they had to have secrecy. That they were going to expose the NSS by not filing. If thats true then they will need to prove that they were actually doing something other then a pump and dump scam. They better prove there was a business besides selling shares and running a funny car.
Do you really think that the SEC won't shut this down even if they are working on filings, if all this ever was, was a cover up for dilution.
Posted by legaleagle on :
Actually they did file and were working with the SEC as they attempted to become fully reporting. Under Sarbanes Oxley, a CEO is held legally responsible for all numbers reported in a filing. The number of shares outstanding was 703 billion, but the CIM dividend showed the company that there were 1.5 trillion shares out there. Which number should Urban have written in the blank? If he reported 703 billion, with knowledge that there was over 1.5 trillion, then he would have been entering false information. If he entered the 1.56 trillion, then that would not have matched the OS. This was the point that was being argued, when the SEC jumped the gun and suspended CMKX before their 60 days was up. IMO
If this was a scam, the SEC would have shut it down during the UCAD / USCA investigation.
Posted by Doctoall on :
quote:Originally posted by legaleagle: Shhhhhhhh.............listen............can you hear it?
What the toilet flushing, because you are crapping that CMKX stuff again. I told you that you should see your MD about the CMKX diarrhea.
Posted by drgnfly on :
quote:Originally posted by legaleagle: Shhhhhhhh.............listen............can you hear it?
!!!!!!EXLUSIVE!!!!!
Yeah I can hear it now... BELOW IS REAL AUDIO FROM MELVIN AND URBAN!!!!
Geez I did listen to it and all I hear were two Village Idots rambling Posted by Wallace#1 on :
As per legal's post:
"Under Sarbanes Oxley, a CEO is held legally responsible for all numbers reported in a filing." *********************************
Remember all the pumped up chests stating that Glenn wrote the Sarbanes Oxley Act? Let's not give him all that credit and just suppose he might have participated in producing part(s) of it. And now, UC may try to blame Glenn for UC's incompetence? Guess who probably told UC that they had violated the Securities Exchange Act of 1934? Does the name Roger Glenn ring a bell?
And, legal, you have again confirmed what I have previously posted. That is the fact that Urban Casavant is legally responsible for all SEC filings and their content. That rock and a hard spot stuff you brought up (or than anyone brings up) is bulls hit).
Good night.
Posted by Ric on :
But guess what, he quit filing before that so that is no excuse. The SEC didn't call for the special meeting of the boards records for nothing during the time they stopped filing and filed the form 15. Plus that doen's give him the right to lie on the form 15. Thats not cover under the Sarbanes Oxley and also you would have to state your not filing under the provision which wasn't done. They lied and stopped filing. Nothing to do with NSS. Geez
quote:Originally posted by legaleagle: Actually they did file and were working with the SEC as they attempted to become fully reporting. Under Sarbanes Oxley, a CEO is held legally responsible for all numbers reported in a filing. The number of shares outstanding was 703 billion, but the CIM dividend showed the company that there were 1.5 trillion shares out there. Which number should Urban have written in the blank? If he reported 703 billion, with knowledge that there was over 1.5 trillion, then he would have been entering false information. If he entered the 1.56 trillion, then that would not have matched the OS. This was the point that was being argued, when the SEC jumped the gun and suspended CMKX before their 60 days was up. IMO
If this was a scam, the SEC would have shut it down during the UCAD / USCA investigation.
[ April 26, 2005, 01:49: Message edited by: Ric ]
Posted by Ric on :
Isn't it interesting that the only board meeting minutes was just one. What does it contain?
From the SEC's witness list. item
"13. Minutes of Special Meeting of the Board of Directors of Casavant Mining Kimberlite International on January 12, 2003, with exhibits"
Posted by legaleagle on :
quote:Originally posted by drgnfly:
quote:Originally posted by legaleagle:
quote:Originally posted by Upside: Notice the name Ramy Kassabgui on the DOE witness list? Here's a little bit about him.
"Ramy Kassabgui works for the SEC. He is a Surveillance Specialist with the Internet Enforcement Branch. In other words, he catches criminals in the financial investment arena."
And he catches "bashers" and "pumpers" on line. Uh oh.
I heard he's looking for Bames Jrewer... can anyone help?!?!?
You are so clever drgnfly, or whatever name you use now. Most people here know my real name so you don't have to play games. But do remember, the IPD recorded your tx number, identity and address.
Posted by Ric on :
Here is the Hearing:
CMKX - We didn't file because we felt the stock was being manipulated and under Sarbanes Oxley, a CEO is held legally responsible for all numbers reported in a filing.
SEC att - I thought you stopped filing because you filed a form 15 stating you had under 300 shareholders of record.
CMKX - Well we had to do that so we could caught the NSS
SEC att - So you lied.
CMKX - Well it was to show NSS. Our numbers didn't add up during our stock dividend.
SEC att - didn't you stop filing before that
CMKX - well yes but we feel it was manipulated
SEC att - so you lied to the SEC, lets move on. You say you did this because you couldn't sign off because manipulation in the market but why didn't you file the Required S-8's registering the sells of your stock. Also how about the 8-K's and all the other filing you didn't file not covered under Sarbanes Oxley.
CMKX - well we didn't know much about running a public company.
SEC att - You knew about the Sarbanes Oxley provision but didn't know you had to file with the SEC before selling shares on the market?
CMKX - Well, UC had a stroke and the company was left to be run by someone who didn't understand what needed to be done.
SEC att - Well why was he able to make it out on raace day and spend half the day under a hot shareholders tent if his health was so bad.
CMKX - Its all NSS's fault
Posted by Trader O on :
Entourage Mining Adds Joint Venture Partners to Nevada Gold Project Tuesday April 26, 4:30 am ET
VANCOUVER, British Columbia, April 26, 2005 (PRIMEZONE) -- Entourage Mining Ltd. (the ``Company'') (OTC BB:ETGMF.OB - News) announces that the Company has added two partners to participate in its Black Warrior gold/silver project in Esmeralda County Nevada (the ``Nevada Gold Project'').
United Carina Resources Corp. (Vancouver:UCA.V - News) and CMKM Diamonds Inc. (Other OTC:CMKX.PK - News) have each been granted the right to acquire a 10% interest in the Nevada Gold Project. Each of the optionees can exercise its option to acquire a 10% interest by:
(a) paying $40,000 to Entourage upon Entourage executing its sub-lease option agreement to purchase a 100% beneficial interest in the Nevada Gold Project; and
(b) making $85,000 USD in work commitments or an amount equal to but not to exceed 10% of Entourage's work expenditures on the Nevada Gold Project.
Entourage welcomes the participation of these companies as the size of the Nevada Gold Project is increasing as more claims are being staked contiguous to the original Black Warrior claim blocks. The company is awaiting drill permits from the Bureau of Land Management and expects to have an extensive drill program underway in the near future.
Entourage Mining Ltd.
``Gregory F. Kennedy''
Gregory F. Kennedy President
Posted by bill1352 on :
legel again with the easily proved false crap. first your idea that cmkx handed the DTC the CIM divy & told them to pass it out is crap. the dtc know which broker got what & thats it. the divys get to the brokers by way of CMKX's transfer agent period. the CIM divy was cut in 1/2 by cmkx just as the second gemm divy was never handed out. as for the SEC shutting cmkx down, it won't happen. frizzle being there will stop it. but i bet dollars to donuts the UC will be barred for life from ever having anything to do with a publicly traded company & fined heavily. Mahoo will take over & the r/s from h**l will be put in place. i bet the a/s is cut to 1 billion & the o/s to less then 500 million. looking at that pr list i'm changing my float guess, UC & family has either 81 billion or 26 billion shares with 94 billion in the company treasury & the rest being the float. roger glen got either 200 or 250 billion shares & those are now in the float. the raise in o/s before the divys was glen's payment & UC took the rest. UC will be gone completely soon. the claims are the companies not his. all he will have left are those shares.
Posted by JEAL on :
quote:Originally posted by bill1352: jeal...why cmkx has had so much volume for so long even the cult has no theory on...lol. if you say its the mm's covering a n/s then there goes your squeeze of the century. the only buying would be cult members, seriously, your new to cmkx, you look at the last few prs, you see 703 billion o/s and a sec investigation. you look at a few boards and see its trading at a .00005 average. do you buy hoping to see .0001?. the only reason to buy now is the need for a tax write off next yr.
Posted by legaleagle on :
Street Shares: 140,794,840,011 Cert Shares: 14,939,941,500 Total Shares: 155,734,781,511 Signed Agreements: 2014
Posted by JEAL on :
quote:Originally posted by bill1352: jeal...why cmkx has had so much volume for so long even the cult has no theory on...lol. if you say its the mm's covering a n/s then there goes your squeeze of the century. the only buying would be cult members, seriously, your new to cmkx, you look at the last few prs, you see 703 billion o/s and a sec investigation. you look at a few boards and see its trading at a .00005 average. do you buy hoping to see .0001?. the only reason to buy now is the need for a tax write off next yr.
Bill - All do respect - this is what I mean. This is where it is possible to be very pessimistic with this stock - WE CAN ASSUME - that the volume is like it is based on your explanation above, however - I again struggle trying to understand that. The volume on this stock is ludicrous. Yes, I understand the trades at 0.0000X; however the volume never changes regardless of the news / rumors etc....sorry, but I beleive there has to be another reason - good bad or indifferent ( per the shareholder )
Posted by JEAL on :
quote:Originally posted by Wallace#1: JEAL wrote: ""You have the IQ of a parking meter." I am aware that you said that is something your wife said.
Well, Jeal, that's somewhat better of being called "stupid", huh? LOL
I did like your analysis, but do not agree with it as you know. If CMKX had even the slightest potential, as "stupid" as UC seems to be, don't you think he would have done a lot more to discover it? Instead, it's race cars, credit cards, marked diamonds (and I really wonder how anyone would believe authenticity if he was involved with the marking), etc., etc.
Obviously, your current position is to buy no more CMKX shares. That IS "smart".
Wallace - if stupid is the worse thing that I get called today - then I guess I should consider myself pretty lucky - LOL.
Regarding the above - I do agree with your statement and thank you for the comment on my analysis; and I do appreciate / understand your statements on not agreeeing with my position However, you question ....."do you not think he would have done more to discover it?". This could be a REAL long shot, however, we do criticize UC for being a little "odd" ( being polite ) Maybe there is a lot of truth in what some say - he is an idiot. Maybe this is part of the problem. Maybe he didnt do anything because his experiences and abilities deemed him incapable of handling something of this magnitude. - OR this is just a scam. Ultimately, at the end of the day, weather I am right or wrong, this can still go either way....
Posted by ed19363 on :
quote:Originally posted by Trader O: Entourage Mining Adds Joint Venture Partners to Nevada Gold Project Tuesday April 26, 4:30 am ET
VANCOUVER, British Columbia, April 26, 2005 (PRIMEZONE) -- Entourage Mining Ltd. (the ``Company'') (OTC BB:ETGMF.OB - News) announces that the Company has added two partners to participate in its Black Warrior gold/silver project in Esmeralda County Nevada (the ``Nevada Gold Project'').
United Carina Resources Corp. (Vancouver:UCA.V - News) and CMKM Diamonds Inc. (Other OTC:CMKX.PK - News) have each been granted the right to acquire a 10% interest in the Nevada Gold Project. Each of the optionees can exercise its option to acquire a 10% interest by:
(a) paying $40,000 to Entourage upon Entourage executing its sub-lease option agreement to purchase a 100% beneficial interest in the Nevada Gold Project; and
(b) making $85,000 USD in work commitments or an amount equal to but not to exceed 10% of Entourage's work expenditures on the Nevada Gold Project.
Entourage welcomes the participation of these companies as the size of the Nevada Gold Project is increasing as more claims are being staked contiguous to the original Black Warrior claim blocks. The company is awaiting drill permits from the Bureau of Land Management and expects to have an extensive drill program underway in the near future.
Entourage Mining Ltd.
``Gregory F. Kennedy''
Gregory F. Kennedy President
More money spent while there is no filing, no information, the PPS sits at .0001 or less. IMO these guys are having an awful lot of fun with our money while we all sit here waiting.
Posted by Wallace#1 on :
drgnfly, there really is no need to get that carried away and attack legal's handicapp. I had mine attacked too, and I guarantee you, it is not pleasant. Please stop. It serves neither you nor anyone else any purpose whatsoever.
Posted by legaleagle on :
Thanks Jeal and Wallace, but I take no offense from his attacks. This is not his first time doing this. He has appeared here and on other boards, under many different names. He has been banned from them as well. He is a sick person who is in need of help, and I pray for him.
Posted by legaleagle on :
ed19363 said: "More money spent while there is no filing, no information, the PPS sits at .0001 or less. IMO these guys are having an awful lot of fun with our money while we all sit here waiting. "
Ed, a company still on the acquisition trail does not look like a company cowering under threats from the SEC or "having fun with our money". As a matter of fact it looks like a company, confident that the SEC action will have no bearing on their continued movement forward.
Posted by JEAL on :
It looks like my post was deleted.
Posted by legaleagle on :
Entourage Enters Into Saskatchewan Uranium Agreement Friday April 8, 4:00 am ET
VANCOUVER, British Columbia, April 8, 2005 (PRIMEZONE) -- Entourage Mining Ltd. (the ``Company'') (OTC BB:ETGMF.OB - News) wishes to report that the Company has entered into an option agreement with United Carina Resources Corp. (``United Carina'') (Vancouver:UCA.V - News) whereby Entourage can earn a twenty percent (20%) interest in certain claim blocks consisting of 14,529 hectares (35,800 acres) of prospective uranium properties located in the Hatchet Lake area of the eastern Athabaska Basin in north-central Saskatchewan. ADVERTISEMENT
The properties are contiguous and have been subject to previous exploration for uranium; one surface showing yielded assays ranging from 0.3 per cent U3O8 to 1.4 per cent U3O8. An additional claim block in the area, that has been staked but not yet registered, will become part of the agreement upon registration. The properties are located 30 kilometers north and northeast of four known uranium deposits (Rabbit Lake, McLean Lake, Collins Bay and Eagle Point). United Carina will be the operator of the project and Dave Billard, of Saskatoon, Sask., will be the qualified person for the project.
To exercise its option and acquire the 20% interest, the Company will make a cash payment of $40,000 to United Carina and participate in the exploration program by making expenditure contributions of $100,000 per year for two years for a total of CDN$200,000 over two years.
The Athabaska Basin of northern Saskatchewan contains the most significant high grade, low cost uranium deposits in the world. The deposits defined to date collectively contain, or have produced, almost 1.5 billion pounds U3O8.
Entourage Mining Ltd. is a metal exploration Company with prospective mineral properties in Nevada, Yukon Territory and Quebec.
For further information call Craig Doctor at 1-866-301-4077.
"Gregory Kennedy" President Gregory F. Kennedy
Forward Looking Statement
Except for historical information contained herein, the statements in this Press Release may be forward looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Entourage Mining Ltd.'s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Entourage Mining Ltd.'s operations. These and other risks are described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.
Contact:
Entourage Mining Ltd. Craig Doctor 1-866-301-4077 craig@entouragemining.com
-------------------------------------------------------------------------------- Source: Entourage Mining Ltd.
Posted by Upside on :
And you drgnfly are an idiot. Do everyone a favor and make yourself scarce.
Posted by bullish_pennystocks on :
Total Shares: 156,315,376,611 Signed Agreements: 2031
Posted by Wallace#1 on :
Posted by WinsumLosesum on :
quote:Originally posted by Upside: And you drgnfly are an idiot. Do everyone a favor and make yourself scarce.
I think Bob already made him scarce. Thank you, Bob.
Posted by JEAL on :
quote:Originally posted by JEAL: It looks like my post was deleted.
Bob must have also deleted my post which was in response to Drgnfly.
I apologize if it offended anyone - however, I did not believe that it was that harsh.
Regards,
JEAL
Posted by legaleagle on :
Jeal, I think he took it out because it quoted drgnfly again. He also took out the drgnfly post.
Posted by legaleagle on :
And thank you, as well, Bob. OK now back to "good natured" legal bashing.
Posted by legaleagle on :
DTCC COVERING?
DTCC is going electronic. Is this the "spin" story for all of the NS problems? "I'm sorry, your Honor, the paperwork was just too overwhelming for us to keep up. But we are working feverishly to resolve this unfortunate situation."
(BSNS WIRE) DTCC Forms Alternative Investment Products Advisory Committee DTCC Forms Alternative Investment Products Advisory Committee
Business Editors
NEW YORK--(BUSINESS WIRE)--April 26, 2005--
Sixteen Industry Representatives Team with DTCC to Explore Standard Platform for Processing, Settling Trades of Alternative Investment Products
The Depository Trust & Clearing Corporation (DTCC) today announced the formation of an industry advisory committee on alternative investment products to develop an automated, centralized and streamlined approach to the processing of these instruments. Comprising a cross-section of the industry, the advisory committee will look to leverage DTCC's existing infrastructure in support of an industry as it seeks to keep pace with current and future demands of a market that is undergoing explosive growth. In recent years, the alternative investment market has been booming, with increases in both the amount of money being invested in these instruments and in the different types of alternative investments being offered, which today include hedge funds, managed futures, private equity/debt, and other nontraditional stock and bond instruments. According to The Wall Street Journal, investments in hedge funds alone have more than doubled to $1 trillion in assets from $400 billion since 2001, and some predict they will grow to more than $4 trillion by 2010. The majority of these trades are processed manually, making the complex paperwork labor-intensive and time-consuming. For example, paper-based matching and confirmations can literally take weeks to complete, a huge impediment given the size and complexity of some of these transactions. Where technology is used, it is largely expensive, unscalable and proprietary; and there is no single, standard system for processing trades of alternative investment products. "This is a great step forward for alternative investments and hedge funds, specifically," said Robert Alderman, managing director and head of Alternative Investments for Merrill Lynch's Global Private Client Group and a member of the advisory committee. "As the industry continues to grow, efficiency has become more important, and the work being done will address this growing need." "The alternative investment products industry is at a crossroads, much like mutual funds were 20 years ago," said Ann Bergin, managing director for Mutual Fund Services at DTCC and head of the advisory committee. "In the mid-1980s mutual funds were processed in a manual environment but were growing by leaps and bounds. We're seeing the same situation today with alternative investment products. DTCC is working closely with the industry to build a solution, in much the same way we helped the mutual fund industry with Fund/SERV(R) and our other services." Fund/SERV, introduced in 1986, is the industry standard for processing and settling a broad range of investment funds and for linking fund companies with their distributor partners, including broker/dealers, banks and financial planners. Bergin added that strong collaboration with industry members was a focal point of DTCC's business strategy. "By establishing customer involvement as early as possible in the research and development stage, we can ensure that a business can achieve critical mass and will be self-sustaining," she said. As a first step in its needs assessment, the Steering Committee surveyed its members on a range of issues, including alternative investment products deemed to be priorities for automation, current and projected transaction volumes for various investment products, and preferred technology platforms on which solutions can be developed. Based on the survey results, the committee will focus its immediate attention on five areas: new accounts and subscriptions, purchases and redemptions, commissions, position reporting, and account maintenance. Additional areas of focus may include data exchange, such as prospectus information, breakpoints and rights of accumulation; offshore transactions; and exchange-traded funds.
-0- *T
Note to Editors
Advisory committee members include: Bear, Stearns & Co., Inc. Charles Schwab & Co., Inc. Man Investments Inc. Merrill Lynch & Co., Inc. Milestone International Asset Management Morgan Keegan & Co., Inc. Morgan Stanley Piper Jaffray & Co. Raymond James Financial Inc. RBC Dain Rauscher Inc. Rydex Capital Partners, a division of Rydex Investments Smith Barney, a division of Citigroup Global Markets, Inc. The Torrey Funds Tremont Capital Management, Inc. UBS Financial Securities Inc.
*T
About DTCC
Through its subsidiaries, DTCC provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter derivatives. DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE SOURCE: The Depository Trust & Clearing Corporation
CONTACT INFORMATION: DTCC Karen Gregory, 212-855-5472 kgregory@dtcc.com
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: And thank you, as well, Bob. OK now back to "good natured" legal bashing.
I'm game!!! LOL
Posted by Doctoall on :
I agree lets get back to bashing the Master of Kool Aid = Legal Posted by ed19363 on :
You know,frequently I think we lose sight of what we are supposed to be doing. It doesnt matter how many companies we own 10% of or how many companies own 10% of us. The only thing we should be watching, and the CMKX should be working on more than anything, is the PPS. None of us make any money arguing about this and that, if the PPS doesnt move. Legal, all your posts wrapped up together are totally meaningless as long as we are trading at .0001 or less. IMHO, if I have waited 3 years and get zilch from my investment, then I call it a scam. I dont giveadam how powerful the SEC and DTCC are, they still cant stop UC from putting out PRs. If they can, then why the announcement of another expenditure on another mining company. It should not take this long to get the figures in order and get a filing done. No way. If all my financial records for the last 20 years were destroyed in a fire, it wouldnt take me more than a year to restore them. So what is taking UC so long. I'm tired of wrangling over meaningless subjects with no movement in the PPS. Where's the money, that's all I care about. Show me the money, otherwise just go bankrupt and go away, CMKX.
Posted by JEAL on :
quote:Originally posted by ed19363: You know,frequently I think we lose sight of what we are supposed to be doing. It doesnt matter how many companies we own 10% of or how many companies own 10% of us. The only thing we should be watching, and the CMKX should be working on more than anything, is the PPS. None of us make any money arguing about this and that, if the PPS doesnt move. Legal, all your posts wrapped up together are totally meaningless as long as we are trading at .0001 or less. IMHO, if I have waited 3 years and get zilch from my investment, then I call it a scam. I dont giveadam how powerful the SEC and DTCC are, they still cant stop UC from putting out PRs. If they can, then why the announcement of another expenditure on another mining company. It should not take this long to get the figures in order and get a filing done. No way. If all my financial records for the last 20 years were destroyed in a fire, it wouldnt take me more than a year to restore them. So what is taking UC so long. I'm tired of wrangling over meaningless subjects with no movement in the PPS. Where's the money, that's all I care about. Show me the money, otherwise just go bankrupt and go away, CMKX.
Interesting thoughts - and to add salt to the wound. understanding that they are 2 seperate companies - if you look at USCA.PK, there is reaction in the PPS to the PR Entourage issued. USCA.pk is currently up close to 30%. CMKX - 0%. This is a prime example again on where I struggle trying to understand CMKX. Yes, I already know that "....it will take forever to move the PPS with an O/S as high as CMKX"
Posted by Wallace#1 on :
Hell folks, legal knows CMKX is a lost cause. He's just trying to put on a confident face for our benefit and for the benefit of the CMKX cult. We know who they are and where many went, huh?
Posted by JEAL on :
quote:Originally posted by legaleagle: And thank you, as well, Bob. OK now back to "good natured" legal bashing.
Legal - my hats off to you for being such a sport. Never to be pushed off course or thoughts / opinions re-directed due to others some what influential comments
Posted by JEAL on :
* sulking *
4 votes and only 2 stars......going to lean on my parking meter and shed a tear or two
Posted by trgamma2 on :
a CULT??
that is the most absurd thing I have heard. not to pick a bone with anybody, but why label them a "cult"? there are lots of people that buy a stock because a family member gave them an idea to buy it.
http://www.m-w.com/cgi-bin/dictionary?book=Dictionary&va=cult&x=20&y=15 Main Entry: cult Pronunciation: 'k< Function: noun Usage: often attributive Etymology: French & Latin; French culte, from Latin cultus care, adoration, from colere to cultivate -- more at WHEEL 1 : formal religious veneration : WORSHIP 2 : a system of religious beliefs and ritual; also : its body of adherents 3 : a religion regarded as unorthodox or spurious; also : its body of adherents 4 : a system for the cure of disease based on dogma set forth by its promulgator <health cults> 5 a : great devotion to a person, idea, object, movement, or work (as a film or book); especially : such devotion regarded as a literary or intellectual fad b : a usually small group of people characterized by such devotion
OK, so number 5 would have to be your definition. well, there are those who are "highly devoted" to this stock, but that is probably less than 5% of CMKX stockholders. I spent $450 chump change dollars on this and haven't even read any of the recent PR's.
I AM NOT A CULTIST FOR SAM'S SAKE! hehe, ok Im done.
Posted by Upside on :
Originally posted by JEAL:
quote:Yes, I already know that "....it will take forever to move the PPS with an O/S as high as CMKX"
Based on the rolling eyes icon, I'm assuming you either don't believe this explanation or are just tired of hearing it, correct?
Posted by JEAL on :
quote:Originally posted by Upside: Originally posted by JEAL:
quote:Yes, I already know that "....it will take forever to move the PPS with an O/S as high as CMKX"
Based on the rolling eyes icon, I'm assuming you either don't believe this explanation or are just tired of hearing it, correct?
Upside - to be quite honest, a bit of both
Posted by legaleagle on :
"OK, so number 5 would have to be your definition. well, there are those who are "highly devoted" to this stock, but that is probably less than 5% of CMKX stockholders. I spent $450 chump change dollars on this and haven't even read any of the recent PR's."
Street Shares: 148,367,514,339 Cert Shares: 16,221,036,660 Total Shares: 164,588,550,999 Signed Agreements: 2136
KOOL AID DRINKERS TO DATE AND MOMENT: 2136
2136 = 5% of 42,720 shareholders
AVG SHARES PER KOOL AID DRINKER = 77,054,565
42,720 SHAREHOLDERS X 77,054,565 AVG SHARES PER HOLDER = 3,291,771,017 SHARES ON THE MARKET.
THAT IS 3.291 TRILLION SHARES.
OK, I'LL AGREE THE MAJOR SHAREHOLDERS WERE THE FIRST TO JOIN THE ASSOCIATION. SO CUT THAT NUMBER IN HALF 1.7 TRILLION OUTSTANDING. ISN'T THAT REALLY CLOSE TO THE OS FOR THE CIM DIVY.
[ April 26, 2005, 15:34: Message edited by: legaleagle ]
Posted by JEAL on :
quote:Originally posted by JEAL: * sulking *
4 votes and only 2 stars......going to lean on my parking meter and shed a tear or two
WOOHOO!
Thanks - you folks are the best - 2 more votes, and I am up to 3 stars - *wiping the tears from my eyes*
Posted by legaleagle on :
Careful now JEAL that means you are rated just as highly as I am. And you can see how much I am appreciated. LOL
Posted by JEAL on :
quote:Originally posted by legaleagle: Careful now JEAL that means you are rated just as highly as I am. LOL
As I mentioned earlier, I may end up relying on you to get me out of the lions pit should I get thrown in.....
Look at it this way - at least we are above average.
I am not quite the supporter that you are, however, it takes all different sorts to make the world go around.
Posted by legaleagle on :
SOME OF US HAVE TO MIX THE KOOL AID, OTHERS JUST DRINK IT. LOL
Posted by JEAL on :
quote:Originally posted by legaleagle: SOME OF US HAVE TO MIX THE KOOL AID, OTHERS JUST DRINK IT. LOL
Got any ice?
Posted by Upside on :
Legal, Have you ever heard of the 80/20 rule? It's a rule in business that applies to many facets of an operation. Some examples are that 80% of your sales come from 20% of your customers, 80% of your inventory comes from 20% of your vendor base, so on and so forth. That rule is playing out almost to a "t" in this case and it's going to hold true. With an o/s of 700 billion, 80% of that amount will be held by 20% of the total investors. Using your shareholder figure of 42,720 from above, 20% of them, or, 8540 will own 562 billion shares. That equals about 65.7 million each. The 141 billion shares left will be held by the remaining 80% of the shareholders which averages out to 4.1 million each. Sounds just about right to me.
Posted by legaleagle on :
If you were working with all of the numbers Up, that might apply. If you were working in an honest and forthright business atmosphere, that might apply.
On the latter, I don't believe we are in such an atmosphere with the DTCC, MM's and Offshores. As to the former, remember that this association cannot include the shares held by insiders: Urban, Rendal, ED, Desormeau, family members, JV partners, and the pre-merger syndicate shareholders. These people are represented by Stocklein and cannot join the shareholders associaion. So my calculations are only estimates. We won't know the true numbers for a little while yet.
Posted by Upside on :
Originally posted by legaleagle:
quote:If you were working with all of the numbers Up, that might apply. If you were working in an honest and forthright business atmosphere, that might apply.
That's where we differ. The o/s is a known number, the public float is not. My contention is that insider holdings are virtually nil, I believe the o/s is the float for the most part. The numbers fit using that assumption.
Posted by legaleagle on :
And why do you think that the insider holdings are nil?
Posted by Upside on :
Because it fits with my beliefs about this company.
Posted by legaleagle on :
Posted twice, sorry.
Posted by legaleagle on :
I never want to interfere in a man's beliefs, but please go to the DEF14C, http://tinyurl.com/8dym4 filed 2/3/2003. Read the first exhibit. 96.5% of all shares, were locked up in Urban, Family, and Majority shareholders. Total 7.758 billion shares as Restricted shares. Seen any 144's? And that doesn't even begin to enumerate the restricted shares locked up in JV deals since then.
legal, what makes you think 7.758 bil restricted shares and whatever went to JV deals comes anywhere close to a shade less that 800,000,000,000 shares? Those are I/O shs that are just under 800 bil. How do you think they got out there? All those shareholders and you think UC et al control CMKX with the Common Stock? NO WAY!!! I agree with Upside, and have said so in the past, that UC et al own a very small percentage of the Common Stock. UC has been dumping the company's common and probably his own as well. Just thinking about the probable number of shareholders is enough to convince anyone as to where the ownership of common rests.
Posted by bill1352 on :
legel, why do you & the rest of the cult only pick & choose which prs you believe & which ones you ignore?. did not a pr include a statement by your saintly roger glen stating UC gets no divys because he owns no shares?. at 1 time i did believe UC & family had around 150 billion shares, that changed yesterday after re-reading pr titles, thinking about how roger glen was paid or probably paid, that pr & the sudden a/s & in turn o/s increase right before divy date.
you know roger got $100K at least maybe $125K the o/s increase was 279 billion & i'm sure was held for divys. any inteligent person in the market knows that the divy split gives the o/s thus roger knew the pps was going to bottom out by the end of the divys thus out of that 279 billion i'm willing to bet he got 200 to 250 billion & UC got the rest letting him in on the divys. had there been any shares left of the a/s the increase would not have been needed. it also explains how 279 billion made it from a/s to o/s in 3 days. roger would have contacted a mm & sold his shares bulk just like any company does or financing company that trades shares for cash. mm's buy but at a discount. in this case probably .00005 per share as the pps was .0001 after the divys. you pride yourself for reasonable opinions. almost all penny stocks pay lawyers with shares, look at a bunch of S8's for proof. added together this equals reasonable opinion as much of this is fact mixed with a small amount knowledge of the penny stock market world. my new guess is that the float is over 600 billion & maybe over 650 billion.
Posted by Upside on :
Originally posted by legaleagle:
quote:I never want to interfere in a man's beliefs, but please go to the DEF14C, http://tinyurl.com/8dym4 filed 2/3/2003. Read the first exhibit. 96.5% of all shares, were locked up in Urban, Family, and Majority shareholders. Total 7.758 billion shares as Restricted shares. Seen any 144's? And that doesn't even begin to enumerate the restricted shares locked up in JV deals since then.
In the filing you reference, under Table 1, Beneficial Ownership, footnote 5, I see that the Casavant family, including Urban, owned 770 million shares which were Rule 144 shares. Under footnote 6, majority shareholders other than the Casavant family owned 7 billion which I don't believe were Rule 144's as there is no mention of it. Those shares are now more than likely in the public float.
As of the date of that filing, the Casavants held just over 10%. If the percentages remained constant throughout the last few years, they hold approximately 70 billion shares. That is a negligible amount.
Posted by bill1352 on :
Upside what have i told you about applying first grade math to CMKX!!!!!! you just going to screw things up by doing that. you know that complicated math stuff is over their heads & has nothing to do with CMKX. when will you learn son???
Posted by ed19363 on :
70 billion shares....hmmmm.... times .0001 7 Million bucks?? Hardly enough to buy a nice house......
Posted by Wallace#1 on :
tragamma,
Sorry I didn't respond earlier to your post. You wrote: "a CULT??
"that is the most absurd thing I have heard. not to pick a bone with anybody, but why label them a "cult"? there are lots of people that buy a stock because a family member gave them an idea to buy it."
I don't know about you, but when we here refer to the CMKX cult, the term fits very well with the fanaticism, dogma, devotion, blind faith, etc. of the people who own CMKX stock and refuse to look at the facts that outweigh reasons to own it.
There are others outside this thread/forum who have also labeled certain attitudes toward CMKX as a cult or cultish.
Somehow, religion got brought in by quite a few cult members.....probably because they were prone toward such fanaticism, devotion and blind faith. When it comes to trading stock, that is their problem and can result in serious losses. Stock trading has nothing to do with religion.
Futhermore, religion should not be introduced or forced into an environment where it has nothing to do with results.....such as stock trading, profits and losses, etc. It is inappropriate.
PS: By the way, the use of the term "CULT" had nothing to do with family members suggesting someone buy CMKX. It had to do with extremely rigid attitudes with no avenues open for objectivity.
Posted by legaleagle on :
"probably because they were prone toward such fanaticism, devotion and blind faith."
Thank you Wallace, that is the kindest compliment you could have given me.
Posted by legaleagle on :
By: abadgoodgirl 26 Apr 2005, 03:05 PM EDT Msg. 915512 of 915526 (This msg. is a reply to 915497 by stockshocked4.) Jump to msg. #
I talked to TRANSFER AGENT. She didn't have time to RUN the reports but said PROXIES WOULD not need to be sent out if there is anything to vote on as the company owns greater than 51%.
FACT FACT FACT
--------------
No need to call. They have done several stock related /share structure transactions without including us via proxy. We should know that all along, they controlled >51%.
I have NEVER doubted that, particularly with the divvies as the main example. They gave us a portion of the divvies, but by controlling the vast majority of the OS, and I mean VAST MAJORITY, they simply gave themselves the divvies moreso. I'm dumb about CMKX, but even I figured that one out. hahaha.
LondonE
Posted by Upside on :
Originally posted by Wallace # 1:
quote:Futhermore, religion should not be introduced or forced into an environment where it has nothing to do with results.....such as stock trading, profits and losses, etc. It is inappropriate.
Forced, no, but if you're debating the merits of a stock with someone and that is their guiding reason for purchasing it, how can it not be introduced? I don't see anything wrong with that. What I would take umbrage with is someone telling me I was a heathen or a sinner for not holding the same viewpoint. That has happened here in the past and I agree, is wrong. But if someone truly believes that they were guided to this or any other stock by God, Jesus, etc., I don't see anything wrong with posting it or anyone else disagreeing with it.
Posted by legaleagle on :
And thank you UP, I couldn't agree more. Heathen. LOL
Posted by Ric on :
For those that didn't get to read the Business Week article March 21th called "Wall Street's Dirty Rotten Little Scoundrels" The SEC has a new plan to turn up the heat on small-time Wall Street fraudsters.
I thought since Legal liked to bring up old news that this was a keeper for the truth side of things. Good reading, lol.
legal reposted: " talked to TRANSFER AGENT. She didn't have time to RUN the reports but said PROXIES WOULD not need to be sent out if there is anything to vote on as the company owns greater than 51%." *************************** What she didn't bother to ask was, "Is that Common stock?" Is that Pfd Stock? Is it Common A or Common B Stock? They just happen to be rather important questions.
Posted by Wallace#1 on :
Still riding the fence, UP? LOL When will you revert back to being a cult member?
Posted by legaleagle on :
703 billion OS, the Company owns at least 358.53 billion shares.
That means 344.47 billion shares left...and the Association is eating that up rapidly.
Street Shares: 150,309,114,084 Cert Shares: 17,114,756,779 Total Shares: 167,423,870,863 Signed Agreements: 2192
THAT MEANS 177,276,129,137 SHARES LEFT TO PROVE THE NAKED SHORT.
THAT TA CALL POST SHOULD BE VERIFIED BY ONE OF YOU GUYS TOMORROW.
Posted by Wallace#1 on :
legal, suggest you find out if that is the same stock you own or if it is a different controlling stock. If it's a different stock, you might be in for a big surprise.
Yeah only.... "THAT MEANS 177,276,129,137 SHARES LEFT TO PROVE THE NAKED SHORT.
Posted by Upside on :
Originally posted by Wallace #1:
quote:Still riding the fence, UP? LOL When will you revert back to being a cult member?
I kind of knew you were going to say that but I decided to post it anyway. No, it's not riding the fence, I'm just saying that people have many different reasons to buy a stock and in an open debate there's nothing wrong with voicing those reasons. Again, if it gets to the point of a saint vs. sinner argument, then I agree with you, it's gone too far.
Posted by Upside on :
This is copied from the article mentioned by Ric in his post above:
quote:THE AL CAPONE TACK Just as G-men ultimately nailed the notorious mobster on tax-evasion charges, the SEC is policing easily provable violations such as failing to register stock issues properly. Once it spots ongoing or potential fraud, the agency often halts trading. In the past, suspensions averaged 10 a year; last year the SEC stepped in 63 times.
On Mar. 3, the SEC moved against CMKM Diamonds Inc., a Canadian diamond exploration company incorporated in Nevada. The SEC cited the company for failing to file financial statements for two years. Another red flag was massive trading, averaging 1.1 billion shares a day in February on the Pink Sheets for a stock whose price remained a fraction of a penny. Knowledgeable sources say regulators suspect the company or affiliated shareholders were flooding the market with stock. Neither CMKM Diamonds nor its lawyer returned calls. In a Mar. 4 press release, CMKM Co-Chairman Robert A. Maheu said: "We have been aggressively gathering the essential information needed to comply with our public disclosure obligations and anticipate working with the SEC to ensure our compliance with all federal regulations."
Think they might make CMKX the first example?
Posted by Ric on :
Of course Legal, since you believe in CMKX I can understand too why you would believe the share count on web site. Since they have suckers, I mean investors, paying for others now it easy to go on the site and put anything you want and swear to it. Being online with no proof who you are except for your word. And these koolaid drinkers, I mean longs, that lie constantly about deals coming and even Willy is pumping that a deal with the DTCC has already been made, roflmao, they would never lie to Frizzle. They are bold enough to claim they have insider information, which is illegal, but they would never lie about how many shares they own.
Still it doesn't matter. I agree that we don't know how that 51% is made up. Is it from preferred? Nevada has so liberal rules on this, its no telling. But hey, here another glass of koolaid. Drink up.
Posted by Ric on :
Upside the next to last paragraph was good to:
"HELP FROM OTHER REGULATORS Since many con artists work both sides of the border, the SEC and Canadian authorities are working harder to share information. The SEC's move against CMKM was aided by Saskatchewan securities officials who issued a cease-and-desist order against its CEO last fall for allegedly trading unregistered shares. Calls to the company and its lawyer were not returned. Also, the SEC and NASD are discussing ways that NASD could build speed bumps for the micro-cap sector. Under discussion: rules requiring broker-dealers to put up more capital and to tell investors more about the risks when selling them penny stocks."
Posted by Upside on :
I saw that after I copied the other one. Thanks for posting it Ric.
Posted by legaleagle on :
A couple of people have already tried to mess up the sharecount, their IP address was traced and turned over to the FBI. $25 isn't a lot of money anymore, but it is a lot to play a prank.
Frizzle is very serious about this share count and has already advised members that they may have to provide proof of their holdings. And providing false information in a legal proceeding can be very damaging to your freedom.
Posted by Ric on :
I think the down fall of CMKX in the hearing is the selling of unregistered securities. I think the calling of all the PR's was to prove P&D scam. Also I think that minutes from the special board meeting Feb 2003 might also be key. Only minutes being on exhibit by the SEC. Must say something.
Posted by Wallace#1 on :
UP,
You wrote: "Forced, no, but if you're debating the merits of a stock with someone and that is their guiding reason for purchasing it, how can it not be introduced?"
If I am "debating the merits of a stock with someone", guidance from above or below has nothing to do with "merits". No further discussion is needed with such a person because the "merits" have become secondary to some unknown "voice from the mountain or burning bush" or "touch of angels".
Posted by Ric on :
Right and Willy telling people that he has a source inside that says a deal has been reached isn't illegal. I think the SEC believes insider trading is real important ask Martha. And Accadacca claiming to have a relative that told him that Citi Bank was going to buy them out causing Citi to have to issue a PR isn't illegal. I think these people would try anything to make this look like NSS and get cmkx out of this but it won't work.
quote:Originally posted by legaleagle: A couple of people have already tried to mess up the sharecount, their IP address was traced and turned over to the FBI. $25 isn't a lot of money anymore, but it is a lot to play a prank.
Frizzle is very serious about this share count and has already advised members that they may have to provide proof of their holdings. And providing false information in a legal proceeding can be very damaging to your freedom.
Posted by Upside on :
Originally posted by Wallace #1:
quote:If I am "debating the merits of a stock with someone", guidance from above or below has nothing to do with "merits". No further discussion is needed with such a person because the "merits" have become secondary to some unknown "voice from the mountain or burning bush" or "touch of angels".
Ok, delete "merits of a stock" and substitute it with "their reasons for buying a particular stock".
Posted by Wallace#1 on :
Up --- forget it. That is no LOGICAL reason to buy a stock either!
PS: One of the reasons the cult people kept buying stock time after time was because the had the fanatical idea that Roger Glenn walked on water, when what he really did was "feed a multitude".
Posted by Upside on :
I probably shouldn't ask what he fed them.
Posted by Wallace#1 on :
Somewhat the same things UC and Melvin fed them. Just under a different label.
Posted by Upside on :
Politely stated, a load of baloney?
Posted by dwman on :
quote:Originally posted by will: He'll sober up. Probably bumped into some cert carrying CMKX'ers over the weekend. He'll be ok by Wednesday. You know that koolaid leaves ya all toxicified and hungover, and makes ya crazy for few days.
LOL... I love you guys.
Posted by trgamma2 on :
originally posted by Wallace#1:
"I don't know about you, but when we here refer to the CMKX cult, the term fits very well with the fanaticism, dogma, devotion, blind faith, etc. of the people who own CMKX stock and refuse to look at the facts that outweigh reasons to own it.
"There are others outside this thread/forum who have also labeled certain attitudes toward CMKX as a cult or cultish."
I got ya, was wondering why that started. I still think that is a bit overboard. There are a lot of similar situations in life in general. It's all a matter of personal perspective that decides what you want to call a cult. This company just happened to have a great idea for promoting themselves to an audience not savvy to the functions of the stock market. Many bought directly and indirectly. Questions were raised in regards to the operations. Hostilities may have ensued. Now, justice tries to come in. Those in positions of justice will have to decipher good from bad; which brings to mind religion. I referenced in my post earlier today the dictionary defn. of "cult". That is what I thought of when I seen some of you guys post the term. Have there been stockholders mentioning religion in this? Like you said, serious losses can occur. Indeed, my friends, religion has nothing to do with stocktrading .
Posted by Ric on :
For your reading enjoyment. Please don't laugh to hard and blow your milk through your nose. Disclaimer - this can cause a massive heart attack from the intense rolling on the floor laughing.
From another board:
"I believe what Willy is saying is correct about the VWAP recovery. I think at some point maybe as far back as 2003 the government was alerted to the NSS issue with CMKX. CMKX had enough evidence to warrant an investigation at some point and the government launched (what I'm going to call) a sting operation into the NSS issue. I think a lot of people and companies were involved as well as offshore setups etc. I believe the government has been working behind the scenes forcing these NSS entitiies and/or individuals to payup. What could not be collected was payed by insurance(our tax money) based on fair value that Roger Glen and his company determined(someone had to determine value).
I believe our government has handled the NSS issue behind the scenes and out of the public eye. I also believe our company was cooperating with the government last year and believed that everything was a go for the big Vegas party last year in October. However, the government put a gag order on CMKX and UCAD a few days before the party and has since launched an investigation against CMKX and UCAD looking for illegal dealings. So in a sense turned the tables on CMKX and UCAD who were caught off guard. I also believe we are unable to release any PR's relating to operations which would cause a price increase until after the SEC investigation is completed (the court hearing and hopefully nothing more after it). The government has taken it's best shot at delisting us so the question is will they be successful? I believe they will fail and will be forced to pay up what is rightfully due to many of us.
Back to the pool of money....
So at this point there is a fund that has several billion dollars in it somewhere that the government is holding. So the question is what is the government going to do with this money? "
Posted by Wallace#1 on :
Up,
Not all baloney.....
I have always called it "weaselwording"! Problem with lawyers, is that one ALWAYS has to read between the lines and be aware of all the alternatives in a statement.
Posted by dwman on :
quote:Originally posted by bill1352: next thing ya know Wallace you'll have cmkx kool-aide junkies. it'll be on street corners & in the alleys. you'll have kool-aide whores, guys will be robbing folks for another packet & a few million more shares. soon the SEC will be running public service ad's tellin kids to "Just Say No". there will be special 12 step programs that include math classes. the worst cases will be living in cars, following the races begging UC to print more shares. pleading for useless prs & more SEC suspensions so that they can feel persucuted by mm's & the SEC. it'll get ugly, come to think of it we're only missing 1 or 2 of those events now...lol
Stick em up!
Posted by legaleagle on :
quote:Originally posted by Ric: Upside the next to last paragraph was good to:
"HELP FROM OTHER REGULATORS Since many con artists work both sides of the border, the SEC and Canadian authorities are working harder to share information. The SEC's move against CMKM was aided by Saskatchewan securities officials who issued a cease-and-desist order against its CEO last fall for allegedly trading unregistered shares. Calls to the company and its lawyer were not returned. Also, the SEC and NASD are discussing ways that NASD could build speed bumps for the micro-cap sector. Under discussion: rules requiring broker-dealers to put up more capital and to tell investors more about the risks when selling them penny stocks."
And, of course, the DTCC doesn't manipulate the media does it?
DTCC Stuns With Admission It Interfered With News « Thread started on: Today at 9:53pm »
-------------------------------------------------------------------------------- StockGate: DTCC Stuns With Admission It Interfered With News Media April 13, 2005 (FinancialWire) In yet another stunning development in the StockGate saga that has roiled the financial industry, the Depository Trust & Clearing Corporation, through its outside counsel, Proskauer Rose LLP, has admitted it sent communications that resulted in a newswire’s censorship at Yahoo (NASDAQ: YHOO) Finance via Investors Business Daily and Markethingych, now owned by Dow Jones (NYSE: DJ) but then partly owned by Viacom’s (NYSE: VIAb) CBS.
Posted by dwman on :
quote:Originally posted by Upside: Originally posted by dwman:
quote:The thing about the Koolaide is, when you open the packet, there is a little card stating that within 6 months cmkx will be bankrupt but you have to buy more and more of it to collect information about the details. My largest purchasers? Will, Wallace, Ric, Doc, Ed, and Upside. LOL
But the only reason I'm buying so much of it is that one packet out of every 350 billion contains a diamond chip. Problem is, it's smaller than a Koolaide crystal so you have to look real carefully at everything that doesn't dissolve.
Where's my shovel?
Posted by Upside on :
Originally posted by dwman:
quote:Where's my shovel?
I'm using it as a training aid with my dog, kind of like you did with Snip.
Posted by Doctoall on :
quote:Originally posted by dwman:
quote:Originally posted by Upside: Originally posted by dwman:
quote:The thing about the Koolaide is, when you open the packet, there is a little card stating that within 6 months cmkx will be bankrupt but you have to buy more and more of it to collect information about the details. My largest purchasers? Will, Wallace, Ric, Doc, Ed, and Upside. LOL
But the only reason I'm buying so much of it is that one packet out of every 350 billion contains a diamond chip. Problem is, it's smaller than a Koolaide crystal so you have to look real carefully at everything that doesn't dissolve.
Where's my shovel?
Forget the shovel its already sitting in the crapper, just flush it Posted by dwman on :
LOL Now you've gone and made me cry.
Posted by Upside on :
One good wollop between the eyes and he'll do cartwheels if I tell him to.
Posted by Wallace#1 on :
dwman,
What the hell you doin', trying to bring a little levity into this thread?
STOP THE DIVERSION!!!! LOL
Posted by dwman on :
quote:Originally posted by Doctoall:
Forget the shovel its already sitting in the crapper, just flush it [/QUOTE]
Well, I guess I really don't need it. Upside is finding a diamond chip in every 250 billoneth packet of koolaide. I'll just drink more koolaide.
Posted by trgamma2 on :
wonder how many people I could get to believe there are real diamonds in packets of kool-aid at the store!
Posted by dwman on :
quote:Originally posted by Wallace#1: dwman,
What the hell you doin', trying to bring a little levity into this thread?
STOP THE DIVERSION!!!! LOL
Wallace, you always were too smart for me.lol
On second thought, why would I do that? This thread doesn't need levity. Posted by dwman on :
quote:Originally posted by trgamma2:
wonder how many people I could get to believe there are real diamonds in packets of kool-aid at the store!
Me!!!! I've seen the motherload. I know they are there. Just ask Upside. He found some too.
I'm going to bed guys. My two year old grandson is sleeping over tonight and his grandma and I get to sleep with him. It doesn't get better than that. Goodnight friends.
Posted by Wallace#1 on :
In all honesty, if CMKX truly owns 51% of the same Common Stock that the public owns, it doesn't make any difference as to the guilt or innocence on the Form 15. Furthermore, it doesn't make any difference as to the value of CMKX. It still means UC can do anything he damn well pleases as far as corporate activities are concerned. Until I see it proven otherwise, and in an official SEC filing of some kind, I will continue to believe UC et al have control some way other than the Common Stock that is publicly traded.
Posted by Wallace#1 on :
I just happened to take another look at legal's post about the 51%. It is as follows:
"I talked to TRANSFER AGENT. She didn't have time to RUN the reports but said PROXIES WOULD not need to be sent out if there is anything to vote on as the company owns greater than 51%."
NOTE THIS PART: "as the company owns greater than 51%".
If the "company" owns that 51%, then it has to be considered Treasury Stock. To the best of my knowledge Treasury Stock cannot vote or be considered part of the outstanding shares entitled to vote.
That would mean there is something wrong with that repost by legal. Maybe someone used the incorrect term and said "company" instead of insiders. Much needs to be clarified concerning that post.
Posted by legaleagle on :
Well Wallace you call tomorrow and I will too, and we will bring it back to the board.
Posted by Upside on :
So, is this an agreement between you two?
Posted by bill1352 on :
the t/a has been gagged from day 1 & you think calling them will get you straight info? wasn't this same t/a fired for letting it slip that the o/s was 400 billion which by the way turned out to be correct. the new t/a lasted 1 day before going back to the gagged t/a & now you think they are providing real info? didn't frizzle just say in his news letter that info was locked up till court but that it would come out then?
by the way legel i've given you 2 differant questions to reply to & yet no reply. did those question rattle reality to hard to handle?..lol the first was proof of any kind UC sold hi & bought low. i provided my proof it never happened. second was why do you ignore the pr stating UC used all his shares for the nevada minerals deal? by the way at the time the o/s was over 400 billion & UC had 10% of the common shares or 40 billion. my guess now says he has returned to 10% of the common shares
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: Well Wallace you call tomorrow and I will too, and we will bring it back to the board.
Somewhat of an unilateral agreement, huh, legal?
Give me the ph # and I will give it a shot. Make sure it's an 800 number because I don't want to waste my money on it.
PS: I am inclined to agree with what bill said above about the TA not giving out such information.
Posted by legaleagle on :
You're going to have come off of some of those big bucks you are making in the market.
1st Global Stock Transfer LLC - 1.2 miles S - 7341 W Charleston Blvd, Las Vegas, 89117 - (702) 656-4919
Posted by legaleagle on :
I believe the TA is required by law to be truthful and forthcoming in public inquiries. You could always tape record it. Recording laws vary from state to state.
Posted by Wallace#1 on :
Well, legal, I hate to waste 5 cents on CMKX. It just isn't worth that much. Just think how many wonderful shares that will get me if I were to buy CMKX.
No 800 number? I am really going to have to think about that!
Thanks for the ph #....was just too lazy to look it up myself.
Good night.
Posted by legaleagle on :
You're not wasting it on CMKX, you are wasting it on your friends. LOL
Posted by Upside on :
Come on Wallace, I'll send you a nickel in the mail, or would you prefer a CMKX poker chip from last years Chicago races? Your choice.
Posted by Wallace#1 on :
OK, folks, here goes.
I wasted about 15 cents talking to a person at CMKX TA - Global Stock Transfer. I want you all to know I could have purchased about 3000 shares of CMKX instead.
I have that person's name but would prefer not to provide it since it might cause him/her problems....so I will use "It" as a reference.
It was reluctant to put me through to anyone else and said, "I can answer most of your questions." I asked It if Global was also the Registrar for CMKX, but It did not know what I was talking about....so I am not sure of It's knowledge of stocks or even CMKX.
Q: "Are there any other kinds of CMKX stocks that I might be able to buy?"
It's first response was "None". However, later in the conversation It stated CMKX "may have" a Pfd Stock, but they are not the TA for it.
Q: "Is there only one CMKX Common Stock existing?"
It answered, "Yes".
Q: "Who owns the majority of the Common Stock?"
It answered, "Shareholders". I said I know that, but is there control with insiders or is it with the public in terms of voting? It replied, "The public owns the majority."
It did mention a company named Casavant International with reference to stock ownership, but, when asked about that, said to talk w/company people. It may have been referring to CMKX itself. However, the reference was in response to stock ownership.
Bottom line here is that It confused the issue even more. Further, I am not entirely sure as to It's true knowledge so would discount most of the conversation.
HOW'S THAT LEGAL???? You owe me big time, but it looks like Up will cough up the dough!!!! Just my bad luck that he'll probably offer me 3000 shs CMKX stock instead of my 15 cents wasted. LOL
Posted by dwman on :
quote:Originally posted by Upside: Originally posted by Wallace # 1:
quote:Futhermore, religion should not be introduced or forced into an environment where it has nothing to do with results.....such as stock trading, profits and losses, etc. It is inappropriate.
Forced, no, but if you're debating the merits of a stock with someone and that is their guiding reason for purchasing it, how can it not be introduced? I don't see anything wrong with that. What I would take umbrage with is someone telling me I was a heathen or a sinner for not holding the same viewpoint. That has happened here in the past and I agree, is wrong. But if someone truly believes that they were guided to this or any other stock by God, Jesus, etc., I don't see anything wrong with posting it or anyone else disagreeing with it.
Upside, I vote 10 stars for you and I'm talkin a 5 star sys.
Posted by Upside on :
Originally posted by Wallace #1:
quote:HOW'S THAT LEGAL???? You owe me big time, but it looks like Up will cough up the dough!!!! Just my bad luck that he'll probably offer me 3000 shs CMKX stock instead of my 15 cents wasted. LOL
3 choices Wallace.
#1, I'll pay your phone charge, once said charge is verified of course.
#2, CMKX stock in the amount of the charge, subject to the same verification.
#3, A CMKX Chicago race poker chip, no verification required!
If you choose option #3 within the next 24 hours I'll throw in a "Got CMKX?" tee shirt free of charge. Never been used except for wiping mud off of my dogs paws.
Let me know.
Posted by ed19363 on :
So, basically, we have a stock that NOBODY knows anything about, even the people who should know. Fantastic !! Two more weeks until the next postponement of the release of information.
Posted by Wallace#1 on :
dwman,
Saw your post about giving Up 10 stars in a 5 star system. I really do think you got emotional and over rated him. LOL
Here's my previous response to his post:
"If I am "debating the merits of a stock with someone", guidance from above or below has nothing to do with "merits"."
I am willing to bet that voice "above or below" has never traded stocks. LOL
Posted by legaleagle on :
Well, I did the same thing as Wallace. I asked for Helen who is the most "giving" of the employees, but was directed to Jeff, the owner.
I got most of the same answers as Wallace. Jeff would not discuss the "insider holdings" but referred me to the company. Also wouldn't say if there were different classes of stock or not, but again referred me to the company. He continuously cited "confidentiality" for his client, which I understood.
I took them up on their offer to call the company, and spoke to Andy about it. He stated that there were no preferred shares, and no other form of shares. The only limitations on the common stock is "restricted". He said that 51%+ ownership by insiders is "obvious".
I have seen abadgoodgirl's posts on several different message boards, and find her credible and proficient in her research. I think she got the info reported, from Helen yesterday. And they are now in "red alert" status at 1st Global.
Going back through the amended 8K's in early 2004, the company reported 51% insider ownership. And in February 2004, 65%+ This would indicate that the company was maintaining control of a majority position, back then; and would still be doing so now. IMO
Posted by Wallace#1 on :
Might as well name the person I spoke with at Global. It was Helen as well.
Up, where's my 15 cents? Don't want the damn CMKX stock....too risky at .15/3000 shs.
Posted by Upside on :
Originally posted by Wallace #1:
quote:Up, where's my 15 cents? Don't want the damn CMKX stock....too risky at .15/3000 shs.
Look up a few posts. I gave you three options although it looks like we're down to two now.
Posted by legaleagle on :
Street Shares: 149,199,610,577 Cert Shares: 17,447,506,779 Total Shares: 166,647,117,356 Signed Agreements: 2239
Posted by Upside on :
Originally posted by Legaleagle:
quote:Going back through the amended 8K's in early 2004, the company reported 51% insider ownership. And in February 2004, 65%+
No comment on the August 8K?
Posted by Ric on :
I thought it said 51% voting power and 65% voting power. I don't remember it saying 51% INSIDER OWNERSHIP.
"3. The vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions of the * articles of incorporation have voted in favor of the amendment is: 65% "
3. The vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions of the * articles of incorporation have voted in favor of the amendment is: over 51%
It just says voting power is 65% it doesn't say he owns 65% of common shares. Theres a big difference. The voting rights can be giving to UC in many forms such as preferred shares, common class B shares or just vested rights to the CEO under Nevada law. In some cases it can be a combination like 51% preferred and the other 14% in in common share holdings. Matter of fact if you read the statements, it makes it look like its more likely other voting right besides common shares.
Posted by Ric on :
Matter of fact when he increase a/s to 800 billion he did even bother stating the % of approval. Could this have been an error or did he do it without majority consent?????
Notice a date was put in the box were the % of the vote should have been.
"3. The vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions of the * articles of incorporation have voted in favor of the amendment is: August 18, 2004 "
ok lets see aug. 18th 2004 says 51% but doesn't say if its in shares or just voting power as in "i own it i'm the only vote" which would be stated in the articles & allowed in nevada. legel thinks it means insiders own 51% of the shares. i think it means UC just has the vote & i bet wallace, ric & a bunch more feel the same way. family or other insiders may own them but from this UC has no vote or say so by the shares he owns. you also gotta love the last part where roger glen restates his intent to make the company fully reporting. "good job there roger....lol"
CMKM Diamonds Inc. Acquires Additional Interests in Saskatchewan
7/26/2004 : LAS VEGAS--(BUSINESS WIRE)--July 26, 2004--CMKM Diamonds Inc. (Pink Sheets: CMKX - News) announced today that it has agreed to acquire a 60%, undivided interest in 500,000 acres of potential Kimberlite mineral property in Saskatchewan, Canada. The property is currently owned by Nevada Minerals Inc., a private company unrelated to CMKM. The property is being developed by a joint venture between Nevada Minerals Inc. and U.S. Canadian Minerals Inc. CMKM will acquire the interest in the property in exchange for 75 billion shares of restricted Rule 144 stock of CMKM. In order to reduce the dilution to CMKM's shareholders as a result of this transaction, Urban Casavant, CMKM's CEO, has agreed to contribute 40 billion shares owned by himself in exchange for an agreement from CMKM stating that Casavant will be paid only if the acquired property actually yields a profit. According to the agreement, Casavant will be paid one-half of the net proceeds from any mining on the property, after paying all associated expenses, up to a maximum aggregate total of US$62 million. CMKM will issue 35 billion new shares of the company to Nevada Minerals Inc. to complete the transaction.
As announced earlier, U.S. Canadian Minerals Inc. recently issued 7.5 million shares of the company's stock to CMKM in exchange for certain mineral rights. Those shares have been issued to CMKM and will be distributed to shareholders of record of CMKM on Aug. 20, 2004. Due to Casavant's share contribution to the property acquisition by CMKM occurring prior to the Aug. 20, 2004, date, Casavant will not receive this or any subsequent dividend.
Casavant stated, "We are delighted to make the acquisition of this property, which is covered by our proprietary Goldak Airbourne surveys. We will be traveling to Saskatchewan in August with executives from U.S. Canadian Minerals Inc. to view the property owned by CMKM with the intent of planning a drilling schedule." The drilling will be performed with Rick Walker and United Carina Resources Corp. (CDNX: UCA - News), Consolidated Pine Channel Gold Corp. (CDNX: KPG - News) and Shane Resources Ltd. (CDNX: SEI - News).
D. Roger Glenn, CMKM's counsel, stated, "I will be traveling to Saskatchewan with the company's management to expand my knowledge of the company and its business in order to facilitate the company becoming fully reporting.
Posted by bill1352 on :
actually this pr has a number of good lines....."In order to reduce the dilution to CMKM's shareholders as a result of this transaction, Urban Casavant, CMKM's CEO, has agreed to contribute 40 billion shares owned by himself"...............3 weeks later the a/s in increased by 300 billion & the o/s by 279 billion. all i can say is Thanks UC"...the moron. ........."Due to Casavant's share contribution to the property acquisition by CMKM occurring prior to the Aug. 20, 2004, date, Casavant will not receive this or any subsequent dividend."........ but he still has the controling vote....."D. Roger Glenn, CMKM's counsel, stated, "I will be traveling to Saskatchewan with the company's management to expand my knowledge of the company and its business in order to facilitate the company becoming fully reporting.".............i can see Roger talking to his wife..."this guys a clown, i'll go on the trip, get paid a stupid amount & do nothing."
Posted by Upside on :
Originally posted by bill 1352:
quote:ok lets see aug. 18th 2004 says 51% but doesn't say if its in shares or just voting power
Where are you seeing the 51% figure Bill? When I look at the filing here:
It says his voting power is "August 18, 2004"
Posted by glassman on :
that's an AMAZING "typo" lol....
these guys are only clowns when it's in their favor....
i clearly recall a claim that UC had given up all his shares for the Nevada Minerals deal..
he was praised so highly by his loyal followers at the time... LOL
Posted by Wallace#1 on :
Ric wrote:
"Matter of fact when he increase a/s to 800 billion he did even bother stating the % of approval. Could this have been an error or did he do it without majority consent?????"
That's something I suggested some time ago. Maybe it was done without majority consent. Maybe that is part of what he is hiding.
Ric also wrote
"Notice a date was put in the box were the % of the vote should have been."
Has anyone really read this special meeting that the SEC has called on its witness list. I think this say everything to why the SEC will shut this puppy down real fast. UC at this time held 8.3% of the common shares. His family owns 2.4% of the shares. Shareholders hold 85.8%.
The key to the Special meeting was this paragraph.
"The elimination of the need for a special meeting of the shareholders to, in this case, elect directors and ratify certain amendments to the articles of incorporation and bylaws, is authorized by Section 78.320 of the Nevada Revised Statutes, (the "Nevada Law") as confirmed by the Opinion of Counsel. This Section provides that the written consent of the holders of outstanding shares of voting capital stock, having not less that the minimum number of votes which would be necessary to authorize or take the action at a meeting at which all shares entitled to vote on a matter were present and voted, may be substituted for the special meeting. According to this Section 78.320 of the Nevada Law, a majority of the outstanding shares of voting capital stock entitled to vote on the matter is required in order to, among other things, elect directors. In order to eliminate the delays in time and costs involved in holding a special meeting and in order to install a Board of Directors, as early as possible in order to operate the Company, the Company's majority shareholders elected to utilize the written consent of the majority shareholders of the Company in lieu of a calling a special meeting of the shareholders."
Now if I read this right it gives the company basically 51% of your votes, saying that they were given to the board, to vote on new board members in lieu of calling a special meeting. My take on this is they used this to also bypass shareholders in increasing a/s, and o/s.
Looks like UC never had majority in this company. He used this special meeting to claim 51% voting rights in lieu of calling a special meeting.
Posted by Wallace#1 on :
Look at the filing date of that Certif of Amendment. The top part indicates a date of Aug 18 and Ric pointed out that same date seems to have been incorrectly inserted below. Now look at the date filed off to the right .... July 13, 2004. What's wrong with that picture?
Posted by Ric on :
And he used the term 51% in ths special meeting were it clearly states he doesn't own nor does his family own 51% of the vote, only 10.4% total. So the 51% was your votes that were taken away from you at this hearing. I would say the 65% was 51% of your votes and 14% of insider votes at the time of that vote.
Posted by glassman on :
this is interesting....from the DEF14-c dated 2/3/03
Prior to November 25, 2002 (which is the effective merger date with the Casavant Mineral Claims (as defined) in Saskatchewan, Canada), the Company reported on its most recent Form 10-QSB (which was dated September 30, 2002) total assets of $344 in cash; total liabilities of ($1,672) for accounts payable; total stockholders' equity ($1,338); and total liabilities and stockholders' equity of $344. This was based on the Company's then current share capitalization which consisted of 500,000,000 shares of common voting stock at $.0001 par value with 352,223,510 shares issued and outstanding. This did not include preferred stock which consisted of 3,000,000 shares at $.001 par value. There was 1 share of preferred stock issued and outstanding.
notice the LAST sentence ONE PREFERRED share....
Outstanding Voting Stock of the Company
In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 Preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company. Posted by Upside on :
Any guesses as to that one shares conversion rate?
Posted by Ric on :
Well it does mention cancellation of all preferred but was that one preferred share the loop hole to give up our voting rights before cancellation.
Posted by glassman on :
first time i ever bothered to actually read these old filings... what a joke...
UC "locked up" 600 million of his common shares for three years... on 4-25-03...
then he turned around and "paid" two consultants 530 million shares each right as he stopped filing....
so if he didn't issue more comon shares to himself righ then? he only had the PREFERRED share with which to maintain control of the company....
if he didn't have the single preferred share anymore? then all of the shareholders votes were somehow "proxied"....but i see no requests for proxies.....
hmmmmmm...whatsayounow legal?
Posted by Ric on :
I think UC might need to call Martha and ask for advice on how to handle jail.
No wonder the longs never wanted to use company dd when posting.
Posted by glassman on :
the filings go on to seem to claim that the prefered share was in fact canceled...
Filing Date: 2/3/2003 Form Type: DEF 14C (6) Majority Shareholders (not including Urban Casavant and the Casavant Family) consists of individuals, corporations, trusts and other legal entities which do not control more than 4.9% of the Company's shares per shareholder. The Majority Shareholders acquired their shares by purchase in consideration of $2,000,000 in cash and the forebearance of monies due them for loans and services rendered in connection with the Casavant Mineral Claims and their assignment to the Company.
Total issued and outstanding shares as of January 15, 2003 was 7,241,653,404 common shares.
this collection of holders is not clearly identified because no one of them owns more than 5% of the co.
if this is the case? then UC has not likely had a majority interest in CMK?
the wording used in these filings appears to me to be deliberately unclear...
somehwere somebody should have a PROXY count from this meeting.... if they don't they may have a problem....
i don't think i've seen another filing where they just say "we had a meeting and you weren't invited" without stating clearly how the share structure allowed them to do that......
Posted by Ric on :
Glassman, I think that is why this is part of the SEC exhibit list. I believe that UC is using this part of the special meeting to fore go all further shareholders consent and substitute their 51% voting rights with this Section 78.320 Statue.
"The elimination of the need for a special meeting of the shareholders to, in this case, elect directors and ratify certain amendments to the articles of incorporation and bylaws, is authorized by Section 78.320 of the Nevada Revised Statutes, (the "Nevada Law") as confirmed by the Opinion of Counsel. This Section provides that the written consent of the holders of outstanding shares of voting capital stock, having not less that the minimum number of votes which would be necessary to authorize or take the action at a meeting at which all shares entitled to vote on a matter were present and voted, may be substituted for the special meeting. According to this Section 78.320 of the Nevada Law, a majority of the outstanding shares of voting capital stock entitled to vote on the matter is required in order to, among other things, elect directors. In order to eliminate the delays in time and costs involved in holding a special meeting and in order to install a Board of Directors, as early as possible in order to operate the Company, the Company's majority shareholders elected to utilize the written consent of the majority shareholders of the Company in lieu of a calling a special meeting of the shareholders" Posted by Ric on :
The last line says it all. The company is going to make all the decisions of the company and use the written consent in lieu of calling a shareholders meeting. I bet he used this on all future votes. Its like taking a power of attorney for one case and robbing the shareholders blind.
"the Company's majority shareholders elected to utilize the written consent of the majority shareholders of the Company in lieu of a calling a special meeting of the shareholders"
Posted by glassman on :
and now he's gonna say he didn't know any better?
sheeesh... this is why i rarely play pink sheets...
i am interested to see if the preferred share still exists or not... i got burned on SEIH last summer....they were rolling right along on great run and then they filed a DEF14 stating they didn't need a proxy, the previous 10QSB had clearly stated NO preferred shares...
but it was wrong....
Posted by legaleagle on :
"In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 Preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company."
Posted by legaleagle on :
On November 25, 2002 the Company agreed to acquire the Casavant Family Mineral Claims in certain kimberlite deposits located in the Province of Saskatchewan, Canada. The Mineral Claims were held in the name of five companies owned directly and/or beneficially by the Casavant Family and Morgain Minerals, Inc. (a company held by third parties with the claims under option). These companies include Commando Holdings, Ltd., Buckshot Holdings, Ltd., 101010307 Saskatchewan Ltd., 101012190 Saskatchewan Ltd., and 101027101 Saskatchewan Ltd. In addition, Fort a la Corne Diamond Fields, Inc. acted as the claims and exploration manager for the five companies above, as well as, the claims held by Morgain Minerals, Inc. Each of these companies have agreed to transfer 100% of the Mineral Claims to the Company in accordance with the Mineral Disposition Regulations of Saskatchewan, 1986.
Posted by legaleagle on :
As of the Record Date, there were 7,241,653,404 shares of Common Stock issued and outstanding. The Common Stock constitutes the outstanding class of voting securities of the Company. Each share of Common Stock entitles the holder to one (1) vote on all matters submitted to the shareholders. Posted by glassman on :
i saw that legal but it it also says that those comapanies were not UC and family...
so which is it?
Posted by Ric on :
Legal you still forgot to mention the UC and family only held 10.7% of that 7.24 billion o/s. And that they used written consent in lieu of a shareholders meeting to vote 51% for matters the shareholders should have been told about and let vote on themselves.
Posted by Ric on :
If you figure that UC and Family still only hold 10% then there is 630 billion shares in float possibly. Hey they may still only hold the 700 Million. Theres all kinds of possiblities now we know the truth and UC never held a majority in the company.
Posted by Highwaychild on :
Any way of knowing how many "street shares" UC and family/friends/JV partners own?
Posted by Ric on :
Shoot Frizzles list better start growing fast now that we know the shares count is that high, roflmao.
Posted by Ric on :
Why would UC want to own any shares in this scam. But really what CEO owns street shares. Thats almost the craziest thing that I have ever heard. Then of course he has been selling unregistered shares why not buy them, lol. But if UC had anything legal about him then he would have to register all his shares being CEO and holding over 5%.
Posted by Highwaychild on :
and family/friends/JV partners?
Posted by Ric on :
If you owned more then 5% then it would be illegal to not register your shares. If not then what does it matter they are just like us a stuck stockholder with no real value for our shares.
quote:Originally posted by Highwaychild: and family/friends/JV partners?
Posted by Ric on :
UC and family didn't hold majority, they used written consent to pass 51% shareholders votes.
Table 1. Beneficial Ownership (a) 1/2003
Shares Beneficially Owned Percent of Class
Urban Casavant (1)(2)(3) 600,000,000 (8.3%)
Casavant Family As A Group (2)(4)(5) 170,300,000 (2.4%)
Directors and Officers As a Group (8.3%)
Posted by Wallace#1 on :
Hey, Up, I even confirmed I talked to the same person at Global!!!! Proof enough!! Ask UC. Send me my 15 cents.
Going back over some of that old stuff I saw something I had forgotten all about. Remember "the traveling jade museum show"?
"On December 30, 2002, the company acquired Fifty Million Dollars ($50,000,000) worth of Ancient Chinese Jade as appraised by Elizabeth Childs-Johnson, from Opal Financial and Development Corporation, for a total of Five Hundred Million Shares (500,000,000) of common stock of the corporation. The company intends to use the Jade for forthcoming exhibitions in conjunction with Casavant Diamonds to promote the Casavant name.
In addition, the majority shareholders approved the Company's time-shared acquisition on December 30, 2002 of an ancient Chinese jade collection appraised by experts at $50,000,000 in return for 500,000,000 common voting shares. The Company believes that the jade collection will provide it with both a $50,000,000 asset base for reporting purposes and it will also serve as the centerpiece for a traveling jade museum show in venues throughout North America, including Las Vegas, NV (where major hotels and casinos have offered world master artwork collections, treasuries of the Russian Czars, treasurers from the Titanic, and motorcycle collections as revenue generating tourist attractions.
Note: "centerpiece for a traveling jade museum show " above. Sounds a bit like a carnival, huh?
Also this: "in conjunction with Casavant Diamonds to promote the Casavant name.". Yeah, forget about the company, pump the family name.
Posted by legaleagle on :
"PAYMENT IN SHARES. On or before Closing of this Agreement or as otherwise agreed to by the Parties, CMKI shall pay to the Seller and its designees the sum of not less than 2,800,000,000 of its common voting shares in certificate form and the sum of $2,000,000."
Posted by Highwaychild on :
UC has a large family, IMO, alot of friends, and alot of jv partners that are *in* with him.Let's just say for arguments sake,if just 100 people had 5 bil. in street shares you have 1/2 a tril.
Then you through in guys like Sterling and people that is purported having 1 bil or more that are close-knit.Well how you going to add that up?
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: "In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 Preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company."
legal, I read that info earlier and specifically did not see the word "authorized" in that language. Did I misss it or did you take license?
Posted by legaleagle on :
THE CASAVANT FAMILY MAY HAVE ONLY HELD 170.3 MILLION SHARES BEFORE THEY SOLD THE BUCKSHOT,COMMANDO, SAST LTD ET AL, BUT AFTER THE FAMILY RECEIVED THE 2.8 BILLION FROM THE SALE THE CASAVANT SHAREHOLDINGS WERE SUBSTANTIALLY CHANGED.
Urban Casavant 600,000,000 8.3%
Casavant Family As A Group 170,300,000 2.4%
Shares to all family 2,800,000,000
Total 3,570,300,000
"Total issued and outstanding shares as of January 15, 2003 was 7,241,653,404 common shares."
3,570,300,000 divided by total os 7,241,653,404 equals 50% The Combined Casavant held 50% of the entire OS from the beginning.
[ April 27, 2005, 19:55: Message edited by: legaleagle ]
Posted by glassman on :
yeah but they filed the "lockup" on UC's 600 million shares and they implied that was all he owned...
Posted by jason10 on :
jebus just from reading this last page its scares the bejebus out of me O_O
Posted by Wallace#1 on :
Ric wrote:
"Shoot Frizzles list better start growing fast now that we know the shares count is that high, roflmao."
Wait until they start interrogating those witnesses!!
Posted by legaleagle on :
quote:Originally posted by Wallace#1:
quote:Originally posted by legaleagle: "In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 Preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company."
legal, I read that info earlier and specifically did not see the word "authorized" in that language. Did I misss it or did you take license?
CUT AND PASTED
Posted by ed19363 on :
Focus, guys. This is 2005. What do they hold NOW? I still call for an immediate filing to dispel all the rumors. How about it, UC???????????????????????????
Posted by legaleagle on :
Street Shares: 148,781,373,416 Cert Shares: 17,484,506,779 Total Shares: 166,265,880,195 Signed Agreements: 2254
Posted by ed19363 on :
quote:Originally posted by legaleagle: Street Shares: 148,781,373,416 Cert Shares: 17,484,506,779 Total Shares: 166,265,880,195 Signed Agreements: 2254
I'll send in my money as soon as CMKX gives me a PPS that I can get $25.00 from. Not before.
Posted by Ric on :
I am sure he sold that quickly too for needed cash. I mean he didn't file any forms so who knows what he did with those shares. He couls still on them and now has 3 billion shares of the 703 billion o/s. Who knows since he stole your votes and approved everything with the written consent giving on the Jan special meeting.
Posted by legaleagle on :
quote:Originally posted by glassman: i saw that legal but it it also says that those comapanies were not UC and family...
so which is it?
WHERE ARE YOU SEEING THAT THEY DIDN'T?
The Mineral Claims were held in the name of five companies owned directly and/or beneficially by the Casavant Family and Morgain Minerals, Inc
Posted by ed19363 on :
If he didnt sell those shares, where did he get the money to buy portions of other companyies. Some cash had to be involved somewhere. I doubt if ALL these JVs were dumb enough to take shares in CMKX.
Posted by legaleagle on :
quote:Originally posted by Ric: I am sure he sold that quickly too for needed cash. I mean he didn't file any forms so who knows what he did with those shares. He couls still on them and now has 3 billion shares of the 703 billion o/s. Who knows since he stole your votes and approved everything with the written consent giving on the Jan special meeting.
DID YOU MISS THIS PART RIC?
"Total issued and outstanding shares as of January 15, 2003 was 7,241,653,404 common shares."
"3,570,300,000 divided by total os 7,241,653,404 equals 50% The Combined Casavant held 50% of the entire OS from the beginning."
Posted by Ric on :
Then it proves he sold those shares becaus ehe signed off that he only held 600 million or 8.3% on Jan. !5 2003. Better read.
The following Table sets forth the Common Stock ownership information as of January 15, 2003, with respect to (i) each person known to the Company to be the beneficial owner of more than 5% of the Company's Common Stock, (ii) each director of the Company, (iii) each person intending to file a written consent to the adoption of the Amendment described herein, and (iv) all directors, executive officers and designated shareholders of the Company as a group. This information as to beneficial ownership was furnished to the Company by or on behalf of each person named. Unless otherwise indicated, the business address of each person listed is 1481 West Warm Springs Road, Suite 133, Las Vegas, NV 89014.
Table 1. Beneficial Ownership (a)
Shares Beneficially Owned Percent of Class
Urban Casavant (1)(2)(3) 600,000,000 8.3%
Casavant Family As A Group (2)(4)(5) 170,300,000 2.4%
Majority Shareholders (2)(6) 6,988,191,000 85.8%
Total Consenting Shareholders
96.5%
Directors and Officers As a Group
8.3%
Posted by Ric on :
Matter of fact the Special meeting states that the claims were paid with cash so the shares must have been issued to float and sold on open market to raise cash to pay for claims.
Table 1 (1)
Registered Owner Area(2) Due Date (3) Paid Cnd / USDollar
Buckshot Holdings Ltd. (50%) Commando Holdings Ltd. (50%) 78,177 March 2 and 9, 2003 $938,124 $614,037
101010307 Saskatchewan Ltd. 70,427 May 11, 2003 $845,124 $553,165
101012190 Saskatchewan Ltd. 81,568 August 16, 2003 $978,816 $640,629
Morgain Minerals Inc. (4) 9,216 March 20, 2004 $110,592 $ 72,382
Total 247,708
$1,945,987
Posted by ed19363 on :
He hee...the plot thickens.....
Posted by glassman on :
i think they timed the filings carefully..... and worded them carefully....
this is INCONSISTENT with somebody who don't kow what they are doing.....
Posted by Ric on :
To be honest, I can't see how someone can still think this was nothing more then a P&D from the start.
1) they stole your voting rights in the Special Meeting.
2) UC didn't own majority from the start.
3) They lied on form 15 shortly afterwards so no one could tell what they where doing.
4) They gagged the TA
5) Rosey Pr's with no supporting evidence but were carefully written so the long could come to there on conclusions which were fairytells.
6) paid pumpers like Sterling, Willy, Dr. D, George Burns, Green Baron, and others.
7) had pumpers feed the theories, NSS and buyouts, wow what a dream after knowing that UC doesn't own majority shares.
8) 704 billion shares - WOW
9) Still not filed
10) Soon Revoked
Posted by glassman on :
yes, i watched this unfold from almost the beginning...
you should have seen some of the first pump-jobs...
people were saying that they had phone conversations with locals in saskastch. and the diamonds were coming out of the ground so fast you could see them in the tailings( i'm not joking)....
the threads got deleted unfortunately....
alot of threats were made...Kevin Bailey are you out there? we actually used to have e-mail addresses posted here...but CMK? was the reason they were hidden... it was outrageous...
Posted by Wallace#1 on :
glass,
I think you are 100% correct about the timing. That filing with the SEC on Jan 30, 2003 is confusing as anything I have ever seen.
They say that "Majority Shareholders" control 85%+ of the company.
Then, they go on to say "As a Group, the Casavant Family holds 10.7% of the Company's shares."
They further state: "(6) Majority Shareholders (not including Urban Casavant and the Casavant Family) consists of individuals, corporations, trusts and other legal entities which do not control more than 4.9% of the Company's shares per shareholder."
It would appear to me they might have taken that 1 Pfd share, gave it control in Common Stock and subsequently divided it up among various entities in amounts not to exceed or equal 5% (4.9%). My guess is that either UC or family members (+ our friend Dhonau) control those entities in some manner, shape or form. That way they may be able to circumvent reporting requirements of beneificial ownership. Either that or they falsified that SEC filing.
I have NEWS for you, someone is controlling that company in some way!!!!
Posted by Ric on :
Here is were UC contacted a lawyer to see whether he could bypass shareholder majority and not contact them on voting issues. VERY INTERESTING
EX-5 3 opinion.htm OPINION RE: LEGALITY DVORAK & ASSOCIATIES Attorneys and Counselors at Law ______________________________________________________________________________
136 Arbor Way Henderson, Nevada 89074 PO. Box 230656 Las Vegas, Nevada 89123 (702) 794-4992 (Fax) (702) 794-4532 bdvorak@lvcm.com
January 12, 2003
Board of Directors Casavant Mining Kimberlite International, Inc. 3887 Pacific Street Las Vegas, Nevada
Re: Opinion of Counsel Respecting certain Shareholder Actions
Gentlemen:
I am an attorney to practice law in the State of Nevada. I have been asked to render an opinion as to whether certain actions may be taken at a shareholders meeting held without notice with the consent of a majority of the corporation shareholders. Casavant Mining Kimberlite International, Inc. is a Nevada corporation and is thus governed by Nevada law.
In connection with the matter I have examined relevant records and documents and have examined such relevant law, as I have deemed necessary to render the following opinion.
The actions proposed to be taken at the shareholders meeting on January 15, 2003 are as follows:
a) adopting amended bylaws
b) amendments to the corporate charter
c) ratifying majority share acquisitions
d) electing directors and ratifying officer appointments
e) approving investment banking and other financings
f) approving shares issued by the corporate to date.
Nevada section 78.320 states:
2. Unless otherwise provided in the articles incorporation or the bylaws, any action required or permitted to be taken at a meeting of the stockholders may be taken without a meeting if, before or after the action, a written consent thereto is signed by stockholders holding at lease a majority of the voting power, except that if a different proportion of voting power is required for such an action at a meeting, then that proportion of written consents is required.
3. In no instance where action is authorized by written consent need a meeting of stockholders be called or notice given.
Nevada section 78.390
(b) At the meeting, of which notice must be given to each stockholder to vote pursuant to the provisions of this section, a vote of the stockholders entitled to vote in person or by proxy must be taken for and against the proposed amendment. If it appears upon the canvassing of the votes that stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, as provided in subsections 2 and 4, or as may be required by the provisions of the articles of incorporation, have voted in favor of the amendment, an officer of the corporation shall sign a certificate setting forth the amendment, or setting forth the articles of incorporation as amended, and the vote by which the amendment was adopted.
The actions listed above to be taken are all such that would be regularly voted upon at a shareholders meeting and/or meet the requirements for amending the articles of a Nevada corporation.
It is thus my opinion that the items listed above may be voted upon at a meeting of shareholders of Casavant Mining Kimberlite International, Inc. held without notice to which written consent of in excess of 51% of the shareholders is received.
Very truly yours,
/s/ Brian Dvorak Brian Dvorak, Esq.
[ April 27, 2005, 21:52: Message edited by: Ric ]
Posted by Ric on :
In April 2003 he still only had 600 million shares.
Share Lockup Agreement
This Share Lockup Agreement (the "Agreement") is entered into this ___ day of April, 2003 by and between Urban Casavant, an individual resident in the State of Nevada (hereinafter referred to as "Casavant"), Casavant Mining Kimberlite International, a Nevada corporation ("CMKI"), and Thomas C. Cook and Associates, Ltd., a Nevada professional law corporation (hereinafter referred to as "TCC").
RECITALS
WHEREAS, Casavant currently is an affiliate of CMKI, by virtue of the fact that he is currently the president of CMKI and is the holder of record of six hundred million (600,000,000) common shares of CMKI, represented by certificate number 5171 (the "Shares"); and
WHEREAS, Casavant and CMKI believe that it would be in the best interests of CMKI and its shareholders for the Shares to be held in escrow for a period of time; and
WHEREAS, Casavant and CMKI have mutually chosen to utilize TCC as the Escrow Agent.
-------------------------------------------
IN WITNESS WHEREOF, the parties hereto have set their hands this ___ day of April, 2003.
Urban Casavant, an individual Thomas C. Cook and Associates, Ltd., ("Casavant") a Nevada professional corporation
("TCC")
By: /s/ Urban Casavant By: /s/ Thomas c. Cook Urban Casavant Thomas C. Cook, Esq., President Casavant Mining Kimberlite International, a Nevada corporation ("CMKI")
By: /s/ Urban Casavant Urban Casavant, President
Posted by bill1352 on :
Total issued and outstanding shares as of January 15, 2003 was 7,241,653,404 common shares."
"3,570,300,000 divided by total os 7,241,653,404 equals 50% The Combined Casavant held 50% of the entire OS from the beginning."
==========================================
ok fine at 1 point he owned 3.5 billion. we know that was increased to 40 billion at 1 point. but he gave them away!!!!! they went to nevada minerals!!!! it left him without share #1 or ZERO shares. that was in july of 2004. there is nothing but guesses as to if he bought or gave himself any more. in fact they had to issue NEW shares to finish the 75 billion needed to pay nevada. those shares are now in the treasury according to the buy back pr. thus the most he could own in 279 billion & paying roger glen has not been figured in. if the float was less then 50% the t/a would not be gagged. i'm not saying i have called a number of pink sheet t/a's but i have called 2 & both told me the o/s & the float, or at least a close guess as the exact numbers where not right there. they don't say call the company, its a secret. heck even qbid with its huge o/s will give you an exact number.
Posted by Highwaychild on :
Well, somebody is buying the hell out of it, this in just the last five trading days.
I mean, who is doing all this buying? Everybody knows what the situation is, yet numbers like this?
Posted by bill1352 on :
they may be sells highway, they may be someone acting on UC's behalf trying to buy enough to cover his butt. the only hope cmkx has is to go into court & show they are doing everything possible to get everything legel & correct. thus they may be buying all they can now. bottom line is i dont think it will be revoked, i believe mahoo will get complete control & UC will be barred from having anything to do with cmkx. heck he may be buying so that when he is gone & mahoo r/s's the crap out of the o/s he still holds some shares, maybe even enough to try a take over. but if barred that won't work or be allowed by the SEC.
Posted by Highwaychild on :
If somebody is selling,somebody is buying.Just makes my head spin...LOL,fun though...
Posted by bill1352 on :
got this from another board...its a simple question but right on the button
Re: CMKX - Talk All About It! « Reply #135 on: Today at 6:49pm » Quote Modify
-------------------------------------------------------------------------------- Ok, here's my problem with all these wonderful theories, and believe me I hope they are true because it would help me a lot if my shares were worth something. If Urban is this genius at moving all these pieces around and confusing giants like DeBeers, why then didn't he know what is required of a reporting company
I'm no stock genius, but the mistakes he made with CMKX are pretty straight forward. It doesn't seem hard to figure out how many shareholders there are, which is basically what we are being told was where the confusion came from.
Posted by Ric on :
Also legal, UC made it clear by repeating it twice that the 2.8 billion shares being issued were free tradable shares. That was wrote befor the 15th because it even states that the agreement was to be final by the 15th Special Meeting. Then in the 15th Special meeting it was clear that UC only had 600 million shares and also restated in the April lockout of his shares. It also was clear that the float was 6.988 billion so those shares were already to float at the time of the 15th meeting.
"PAYMENT IN SHARES. On or before Closing of this Agreement or as otherwise agreed to by the Parties, CMKI shall pay to the Seller and its designees the sum of not less than 2,800,000,000 of its common voting shares in certificate form and the sum of $2,000,000. Each share certificate issued by CMKI will be duly endorsed as being "fully paid" and "non-accessable" and will be countersigned by the President and Secretary-Treasurer in their capacity as the duly elected corporate officers and countersigned by the transfer agent. Each certificate will bear a Rule 144 restrictive legend, as more fully described in section "2.2" hereinbelow or shall be otherwise "free trading" shares with the number of Rule 144 shares and free trading shares being agreed upon after a share audit of CMKI and subject to the further approval and ratification by the majority shareholders of CMKI to occur on or before January 15, 2003."
But if you read the 15th meeting, there was no mention of shares just cash. And the fact he signed off he only had 600 million shares on the 15th.
Posted by legaleagle on :
georgeburns God of Diamonds
member is online
Wherever there is confusion there is profit.
Gender: Posts: 6740 REPOST/UPDATE: Small Business Issuer « Thread started on: Apr 26th, 2005, 11:49am »
-------------------------------------------------------------------------------- From Regulation SB:
(1) Definition of small business issuer. A small business issuer is defined as a company that meets all of the following criteria:
(i) has revenues of less than $25,000,000; (ii) is a U.S. or Canadian issuer;
(iii) is not an investment company; and
(iv) if a majority owned subsidiary, the parent corporation is also a small business issuer.
Provided however, that an entity is not a small business issuer if it has a public float (the aggregate market value of the issuer's outstanding securities held by non-affiliates) of $25,000,000 or more.
25,000,000 dollars divided by .0002 = 125,000,000,000
Then Public Float is less than 125,000,000,000
25,000,000 dollars divided by .00015 = 166,666,666,666
Then Public Float is less than 166,666,666,666
Current Share Count from Owners Group = 160,318,816,989
Almost there folks.... on only 2088 shareholders of a supposed 50,000+
(note: From CMKX Exhibit List: 10. Regulation SB)
They have repeated that they are a small business issuer at least three times now.
Posted by bill1352 on :
not really highway...a mm's job is to keep the market flowing. he is to buy at any posted bid no matter if there is a buyer or not. this is why you see a mm drop off the board or bump his ask out of range. either he has bought more then he wants or has none to sell. thats why you see bids not keeping up with the ask or dropping so fast when a dip comes or a stock crashes. mm's get stuck with a stock once in a while too.
Posted by Wallace#1 on :
Ric, in reference to that "Opinion of Counsel" by Brian Dvorak,Esq., here is something of interest and may suggest his true level of credibility:
"According to an Oct. 29, 2001, registration statement filed with the SEC, at least two people with connections to U.S. Canadian Minerals and associated companies were also early participants in Barrington Foods; specifically, lawyer Brian Dvorak and, perhaps more significantly, John E. (Ed) Dhonau."
Posted by Ric on :
Legal, They have repeated that they are a small business issuer at least three times now.
Well, They also said that they only had 300 shares holders on the form 15 when they had 589.
They contacted a lawyer so he could figure out how to bypass shareholders for a majority vote.
They illegally sold unregistered shares for whatever reason they still did it.
So whats your point. That they might tell the truth once?
Posted by bill1352 on :
legel..all you have done is give us 1 more reason the SEC has to nail UC. there can't be enough of the cmkx kool-aide to get any almost right minded person to believe the float is less then 166 billion. i don't think smoking crack for a bunch of days non-stop could get anyone that started out sane to believe that
Posted by legaleagle on :
quote:Originally posted by Wallace#1: glass,
I think you are 100% correct about the timing. That filing with the SEC on Jan 30, 2003 is confusing as anything I have ever seen.
They say that "Majority Shareholders" control 85%+ of the company.
Then, they go on to say "As a Group, the Casavant Family holds 10.7% of the Company's shares."
They further state: "(6) Majority Shareholders (not including Urban Casavant and the Casavant Family) consists of individuals, corporations, trusts and other legal entities which do not control more than 4.9% of the Company's shares per shareholder."
It would appear to me they might have taken that 1 Pfd share, gave it control in Common Stock and subsequently divided it up among various entities in amounts not to exceed or equal 5% (4.9%). My guess is that either UC or family members (+ our friend Dhonau) control those entities in some manner, shape or form. That way they may be able to circumvent reporting requirements of beneificial ownership. Either that or they falsified that SEC filing.
I have NEWS for you, someone is controlling that company in some way!!!!
1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company
Posted by Ric on :
Legal, The preferred doest matter because the intent was clear that UC was intending to bypass majority. Re-read the letter to the lawyer above on how to vote withiut a majority.
Board of Directors Casavant Mining Kimberlite International, Inc. 3887 Pacific Street Las Vegas, Nevada
Re: Opinion of Counsel Respecting certain Shareholder Actions
Gentlemen:
"I am an attorney to practice law in the State of Nevada. I have been asked to render an opinion as to whether certain actions may be taken at a shareholders meeting held without notice with the consent of a majority of the corporation shareholders. Casavant Mining Kimberlite International, Inc. is a Nevada corporation and is thus governed by Nevada law."
Posted by legaleagle on :
quote:Originally posted by Ric: Also legal, UC made it clear by repeating it twice that the 2.8 billion shares being issued were free tradable shares. That was wrote befor the 15th because it even states that the agreement was to be final by the 15th Special Meeting. Then in the 15th Special meeting it was clear that UC only had 600 million shares and also restated in the April lockout of his shares. It also was clear that the float was 6.988 billion so those shares were already to float at the time of the 15th meeting.
"PAYMENT IN SHARES. On or before Closing of this Agreement or as otherwise agreed to by the Parties, CMKI shall pay to the Seller and its designees the sum of not less than 2,800,000,000 of its common voting shares in certificate form and the sum of $2,000,000. Each share certificate issued by CMKI will be duly endorsed as being "fully paid" and "non-accessable" and will be countersigned by the President and Secretary-Treasurer in their capacity as the duly elected corporate officers and countersigned by the transfer agent. Each certificate will bear a Rule 144 restrictive legend, as more fully described in section "2.2" hereinbelow or shall be otherwise "free trading" shares with the number of Rule 144 shares and free trading shares being agreed upon after a share audit of CMKI and subject to the further approval and ratification by the majority shareholders of CMKI to occur on or before January 15, 2003."
But if you read the 15th meeting, there was no mention of shares just cash. And the fact he signed off he only had 600 million shares on the 15th.
RIC,I'M SMART ENOUGH TO PUT ENOUGH VOTING SHARES IN THE NAME OF FAMILY MEMBERS RATHER THAN MY OWN NAME, AND I'M A KOOL-AID DRINKER.
Posted by Wallace#1 on :
legal wrote; "They have repeated that they are a small business issuer at least three times now."
legal,
Once they filed that Form 15 and attested to the incorrect shareholder count, any previous category (such as a small business issuer) no longer has merit, meaning or substance. That is no longer an issue as to the SEC proceedings. They haven't a leg to stand on with that idea.
Posted by Ric on :
If thats true Legal, which its not because that many shares would be noticed, why ask a lawyer on how to bypass the majority.
Also why list the sells in the 15ths hearing as cash not shares. You can't win this one its in black and white. I posted it above.
Posted by bill1352 on :
hey guys, i think legel is really on our side. i think he was once on a debate team & misses it so bad he has taken the cmkx side just to get his daily debate fix. he has proven he is not a complete idiot. yet day after day he brings in stuff that hurts my head to try & understand how anyone could believe in. i think legel is a closet basher...lol
Posted by Ric on :
I believe your right bill. I think he enjoys this. Because after I read this I said duh.
Posted by Highwaychild on :
Bill, but 3,797 trades in 5 days? Alot, if not most .ooo1 stocks see no trades in a five day span.
They are doing more than keeping the market flowing.They are running this cup over.LOL
Posted by Wallace#1 on :
legal wrote: "RIC,I'M SMART ENOUGH TO PUT ENOUGH VOTING SHARES IN THE NAME OF FAMILY MEMBERS RATHER THAN MY OWN NAME, AND I'M A KOOL-AID DRINKER."
Then account for the two following statements:
(5) The Casavant Family consists of 22 members who are related to Urban Casavant. Their respective share holdings are reported separately from Urban Casavant. As a Group, the Casavant Family holds 10.7% of the Company's shares.
(6) Majority Shareholders (not including Urban Casavant and the Casavant Family) consists of individuals, corporations, trusts and other legal entities which do not control more than 4.9% of the Company's shares per shareholder. The Majority Shareholders acquired their shares by purchase in consideration of $2,000,000 in cash and the forebearance of monies due them for loans and services rendered in connection with the Casavant Mineral Claims and their assignment to the Company.
Posted by glassman on :
too bad you picked CMK? to do all this great research on legal.... i hate what i see the MM's doing every day too...
but i don't think cmk? is the one to take to court...
Posted by Ric on :
Also Legal, you said,
RIC,I'M SMART ENOUGH TO PUT ENOUGH VOTING SHARES IN THE NAME OF FAMILY MEMBERS RATHER THAN MY OWN NAME, AND I'M A KOOL-AID DRINKER.
BUT
On the 15th under a signed SEC def14
UC has 600,000 million shares (8.3%) Family has 170, million (2.4%)
Unless he lied to the SEC again then he nor his family had those shares. Stop the koolaid.
Posted by Ric on :
lol Wallace
Posted by legaleagle on :
The "Majority Shareholders" is a controlling entity in itself. It is composed of family members and other insiders like Dhonau, Dvorak and others. It apparently holds the "one" preferred share, and billions of common stock. It has never lost control of this company, and never will. And it has held 51%, 65% and 85% at various times, and undoubtedly holds more than 51% now. It was probably organized from the beginning to never allow any entity to raid the company. I am not upset that I am not allowed to vote in this company. I didn't get in this stock to run a company; I got into it to make money. Whether that happens or not, is yet to be seen. I think it will, some think it is a dead corp.
But I think we can all agree that this company's story has not yet been finished; write what ever ending you desire.
I think we can all agree that this is the most highly traded security in history. The most important question is "WHY". Why has it been allowed to continue after the UCAD/USCA investigation? Why are shares still being purchased in the billions daily, after suspension and announcement of an investigation? (And know this, the numbers being reported on Level II are nowhere close to those being reported on Level III, where brokers trade amongst themselves.) Why is the company still on the acquistion trail? Why is a "company supportive" shareholders group growing dramatically in numbers and influence, and for the first time in history being allowed to participate in a SEC Hearing? Why are brokerage houses allowing trading in the 5th digit for the first time in history? There are a dozen more questions I could place here, but I think everyone gets the idea. This is not a normal stock, this isn't even a "normal" scam.
Posted by Wallace#1 on :
legal, you responded to my post about the Pfd Stk as follows:
"1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company"
What you have overlooked is that that 1 share of Pfd Stock along with the total Pfd authorized was cancelled prior to the filing in question which was Jan.30,2003 and also prior to the Spcl. Meeting in question. That Pfd Stk (all 3 mil authorized-incl the 1 sh issued) was cancelled Sept.30, 2002.
Posted by legaleagle on :
OK the posts on getting advice from the attorney on bypassing majority are growing. Here is what I understand. John Jarvis, of CyberMark days, had been given a large chunk of shares for his interest in CyberMark. After a short time, as the rumors go, John Jarvis tried to take over CMKI and hostilities broke out. Urban was trying to figure out a way to prevent a take over. IMO. He never had to figure out a way to keep public shareholders out of the process, they were never in it. He only had to figure out how to keep a hostile insider from taking over.
Posted by Ric on :
Its not that your not allowed to vote. Actually if the Majority shareholders would stand up and vote then they could take back the company. He is using a Nevada law that I am not sure he is using correctly but may that allows him to vote you shares and not tell you about it. But if the Shareholders would take a stand they could have a meeting and repeal the admendment to the bylaws for written consent and take back control.
It was clear in that filing what you are saying is false or UC lied on the filing. Any officer of the company must register there shares as corporate insider. If there is a collusion of friends that are voting without our consent then thats illegal as insider trading because the other shareholders were never informed. So he either doesn't own a majority and is using the written consent like he filed in the SEC filing on Jan 15th or they are preforming illegal transactions. Either way there in deep kim chi.
Posted by Wallace#1 on :
legal wrote: "The "Majority Shareholders" is a controlling entity in itself. It is composed of family members and other insiders like Dhonau, Dvorak and others. It apparently holds the "one" preferred share, and billions of common stock."
Wrong again, legal. As I stated above that 1 sh of Pfd Stock was cancelled on Sept.30,2002. Furthermore, if the "Majority Shareholders is a controlling entity in itself", then as an entity (singular), it was required to have filed as such with the SEC. Please direct me to such a filing?
Posted by Highwaychild on :
Rendal Williams would probably own a few shares wouldn't he? He's not UC, he's not his family, what about RW's friends... you think the shares they own would just end there?
Posted by Ric on :
Now thats how the koolaid drinkers slogan gets its name. roflmao
quote:Originally posted by legaleagle: OK the posts on getting advice from the attorney on bypassing majority are growing. Here is what I understand. John Jarvis, of CyberMark days, had been given a large chunk of shares for his interest in CyberMark. After a short time, as the rumors go, John Jarvis tried to take over CMKI and hostilities broke out. Urban was trying to figure out a way to prevent a take over. IMO. He never had to figure out a way to keep public shareholders out of the process, they were never in it. He only had to figure out how to keep a hostile insider from taking over.
I thought thats why they cancelled the preferred shares.
Posted by Wallace#1 on :
legal wrote: "I think we can all agree that this is the most highly traded security in history. The most important question is "WHY"."
Answer:
HYPE, HOPE, PUMPING, FANATICISM, BLIND FAITH, DEVOTIONAL TRUST AND STUPIDITY
PS: Forgot WISHFUL THINKING IN DREAMLAND
Posted by Ric on :
They stated what UC, family, and insider shares where and they were only 10.7% 1/15/2003
Doesn't matter Highwayman. If they do then they are just like you or me. And if they are getting inside information like increasing a/s and getting to vote on it. ITS ILLEGAL AND SOMEONE CAN GO TO JAIL. Remember friend Martha to CEO, geez. If there involved in the company then they would have to file as a insider. So either way, if what you say is true then its illegal. Either they aren't filing as insiders or recieving illegal insider information.
quote:Originally posted by Highwaychild: Rendal Williams would probably own a few shares wouldn't he? He's not UC, he's not his family, what about RW's friends... you think the shares they own would just end there?
Posted by legaleagle on :
quote:Originally posted by Wallace#1: legal wrote: "The "Majority Shareholders" is a controlling entity in itself. It is composed of family members and other insiders like Dhonau, Dvorak and others. It apparently holds the "one" preferred share, and billions of common stock."
Wrong again, legal. As I stated above that 1 sh of Pfd Stock was cancelled on Sept.30,2002. Furthermore, if the "Majority Shareholders is a controlling entity in itself", then as an entity (singular), it was required to have filed as such with the SEC. Please direct me to such a filing?
Fully aware of the cancelation of the preferred share. "In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 Preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company."
I was showing that the majority shareholders were maintaining "control" thoughout the process. When they gave up that 1 share, they received enough shares in the 2.8 billion share transfer for claims, to continue maintaining control.
As far as being a controlling entity, they are not such by law. But are a defacto group, united by blood and/or common purpose.
Posted by Ric on :
But thats not true according to the 1/15/2003 filing Legal. They accounted for the whole 7.89 billion and UC and Family only owned 10.7% accourding to there SEC filing.
Posted by ed19363 on :
This dead horse has more flies on it than a sugar cake. I'm tired. Good nite.
Posted by legaleagle on :
quote:Originally posted by Ric: Now thats how the koolaid drinkers slogan gets its name. roflmao
quote:Originally posted by legaleagle: OK the posts on getting advice from the attorney on bypassing majority are growing. Here is what I understand. John Jarvis, of CyberMark days, had been given a large chunk of shares for his interest in CyberMark. After a short time, as the rumors go, John Jarvis tried to take over CMKI and hostilities broke out. Urban was trying to figure out a way to prevent a take over. IMO. He never had to figure out a way to keep public shareholders out of the process, they were never in it. He only had to figure out how to keep a hostile insider from taking over.
I thought thats why they cancelled the preferred shares.
You been sneaking out of here and doing DD, Ric? LOL
Posted by Ric on :
quote:Originally posted by Ric: Then it proves he sold those shares because he signed off that he only held 600 million or 8.3% on Jan. 15 2003. Better read.
The following Table sets forth the Common Stock ownership information as of January 15, 2003, with respect to (i) each person known to the Company to be the beneficial owner of more than 5% of the Company's Common Stock, (ii) each director of the Company, (iii) each person intending to file a written consent to the adoption of the Amendment described herein, and (iv) all directors, executive officers and designated shareholders of the Company as a group. This information as to beneficial ownership was furnished to the Company by or on behalf of each person named. Unless otherwise indicated, the business address of each person listed is 1481 West Warm Springs Road, Suite 133, Las Vegas, NV 89014.
Table 1. Beneficial Ownership (a)
Shares Beneficially Owned Percent of Class
Urban Casavant (1)(2)(3) 600,000,000 8.3%
Casavant Family As A Group (2)(4)(5) 170,300,000 2.4%
Majority Shareholders (2)(6) 6,988,191,000 85.8%
Total Consenting Shareholders
96.5%
Directors and Officers As a Group
8.3%
Posted by Ric on :
Legal,
You been sneaking out of here and doing DD, Ric? LOL
Have a bug, stuck at home all day, bored with nothing better to do except drink plenty of fluids and enjoy the convesations. And read way too much today.
Posted by legaleagle on :
quote:Originally posted by Ric: But thats not true according to the 1/15/2003 filing Legal. They accounted for the whole 7.89 billion and UC and Family only owned 10.7% accourding to there SEC filing.
Ric, that was before they got the 2.8 billion shares for turning over the claims.
Posted by Ric on :
The fever made me do it, lol
Posted by legaleagle on :
quote:Originally posted by glassman: too bad you picked CMK? to do all this great research on legal.... i hate what i see the MM's doing every day too...
but i don't think cmk? is the one to take to court...
Glass the company didn't chose to go to court, the SEC did. Or maybe they did.......hmmmmmmm.
Posted by legaleagle on :
quote:Originally posted by Ric: Legal,
You been sneaking out of here and doing DD, Ric? LOL
Have a bug, stuck at home all day, bored with nothing better to do except drink plenty of fluids and enjoy the convesations. And read way too much today.
Plenty of fluids KOOL AID ????? Posted by Wallace#1 on :
Bed time. Good night,
Posted by bill1352 on :
13 days till court & the next possibility of any real info on the share structure. can i get odds on CMKX trying to get a delay???
Posted by legaleagle on :
Street Shares: 150,354,145,952 Cert Shares: 17,620,773,510 Total Shares: 167,974,919,462 Signed Agreements: 2293
Posted by Wallace#1 on :
I took the liberty of taking a part of Glassman's post from another Allstocks thread. I hope he does not object. READ THIS:
"In the past, SEC lawyers chased swindlers one company at a time. Now the agency is targeting gatekeepers such as broker-dealers, promoters, and lawyers, who show up in scam after scam. And rather than waiting months until it can prove intent to defraud, the SEC is halting trading in companies that it suspects are about to be monkeyed with as soon as it finds what it considers clear-cut evidence of violations
"At issue is the potential for so-called pump-and-dump schemes, whereby speculative investors, company insiders or others try to inflate demand for a stock by trumpeting positive-sounding information about a company -- typically via e-mail -- and then cash in their shares at the higher price. Often the information is false and the stock quickly declines again," explained the Journal.
SOUND FAMILIAR???
Posted by legaleagle on :
Repost from "Foundation of the Heart",
Business Wire Refuses to Publish
The following PR was submitted to Business Wire to be released, 4-27-05. Business Wire refused to release this PR. Hugo Cancio offered to take out the couple of things that they were objecting too and claiming as the reason it could not be published, and they still refused! Read all about it here: Link to story
Fuego Entertainment Begins Filming of the “Counterfeit Conspiracy” Documentary to Reveal the Fictitious Creating and Selling of Shares in the US Markets
Fuego Entertainment proudly announces the beginning of filming the “Counterfeit Conspiracy” documentary to reveal the fictitious creating and selling of shares within the market. Most investors aren’t aware that it is just as against the law to counterfeit corporate securities (18-USC-514) as it is to counterfeit $100 bills, nor are they aware that they are likely to have these securities in their portfolios.
The producer of this informative documentary is Mr. Hugo Cancio. "This will be an in depth documentary on counterfeiting stock shares through a myriad of key market authorities to victimize public shareholders" said Mr. Cancio
This counterfeit creation of shares is usually done in the small cap market which are primarily your penny stocks. This counterfeiting of shares is known throughout to many as Naked Short Selling (NSS).
Counterfeiting anything of monetary value in the United States is illegal. Yet shares of stocks involving hundreds or even thousands of companies are counterfeited on a daily basis without penalty. The documentary will be revealing for all to educate investors and key authorities to what have been going on for years.
According to their website at www.SEC.gov, the Securities and Exchange Commission (SEC), states that Naked Short Selling is NOT NECESSARILY against federal securities laws. The SEC admits that the counterfeiting of stock shares is a reality by bringing forth a new law, called Regulation SHO, which was enacted this past January, to try and get this issue under control. However, there has yet to be one single case brought to justice!
Counterfeit Conspiracy is a documentary aimed at getting to the truth! Fuego Entertainment will be going straight to the CEO of companies and their affected shareholders to retrieve direct testimonials of current counterfeit actions from this investor devastation. Fuego's producers will be asking all the tough questions that America needs the answers too for educating the world on what has been going on for years. Fuego Entertainment production crew will be going to take their cameras and microphones across the US, approaching the SEC, DTCC, Capital Hill, and market insiders on Wall Street.
The SEC has mandated that each of the markets put out a daily list that shows companies that currently have been naked shorted through this counterfeiting of shares. This is due to a failure to deliver the required amount of shares after the mandated time frame allotted from the SEC. Here is a very small list of some of those companies known as Threshold Companies: U.S. Canadian Minerals (OTCPK: USCA), Global Links Corp (OTCPK: GLKC), Infotopia Inc (OTCPK: IFTA), Wi Fi TV Inc (OTCBB: WFTV), Winn-Dixie Stores Inc (OTCPK: WNDXQ), General Credit Corp (OTCPK: GNIZQ) and Gateway Distributors LTD (OTCPK: GWD)
Another company, CMKM Diamonds Inc (OTCPK: CMKX) of Las Vegas, is currently facing problems that may be related to having already fallen victim to this counterfeiting crime. A large group of extremely loyal CMKX shareholders have formed an owner’s group. These loyal shareholders are going after the very Wall Street insiders that want to see this company fail. If the company fails, then traditionally the NSS problem goes away for those that perpetuated the problem. But not this time, the shareholders are fighting back and supporting their company.
These are just a handful of the many companies facing this problem today. These types of companies usually end up as a casualty and in bankruptcy through no fault their own. These are usually the repercussions behind the dilution of the company’s stock.
“This is Financial Terrorism against Americans, it’s a culture of fraud perpetuated by Wall Street, its self regulatory organizations, the SEC, and a cornucopia of offshore criminals” Rodney E. Young, Founder/President/CEO of Eagletech Communications, Inc. (OTCPK: EATC)
As Bob O’Brien of NCANS.net summed it up: “A couple of hundred guys in New York are robbing the system and investors blind.”
Come along with us as we EXPOSE the Counterfeit Conspiracy to America! We invite shareholders and anyone that wants to stand up for their rights and be a part of history as we interview Washington D.C. and then travel by bus to New York City to visit the DTCC and Wall Street. Visit us at www.CounterfeitConspiracy.com and sign up to join our fight to clean up the corruption on Wall Street! The righteous shall prevail!
The Counterfeit Conspiracy documentary will be released within the next 60-90 days for more information please visit: www.counterfeitconspiracy.com
Disclaimer:
The companies mentioned above and their corresponding stocks are being represented as currently on the NASDQ Security Threshold list or as an example of what may be happening in the market place for the purpose of this documentary. No investment advice to either buy or sell any of the securities mentioned in this press release has been given. Please consult with an investment professional if investment advice is warranted.
[ April 28, 2005, 11:14: Message edited by: legaleagle ]
Posted by ed19363 on :
Order your copies now. Fuego can be added to the list of people making money from CMKX, which unfortunately, does not include people who own shares of the stock.
Posted by Upside on :
Come on, that guy Fuego is another Casavant paid shill. Look at his "The Trader" show he's producing. Nothing but CMKX. Look at his p/r above, notice the first company on his list of shorted stocks? USCA, followed by a paragraph about CMKX. Just another paid pumper, that's all he is.
Posted by Ric on :
I really believe the Dateline issue was the same. When that so called PR came out about dateline airing the Stockgate, I went to there website and from day one to the day it was claimed cancelled they never mentioned the airing of the article. They always say on there website what is planned to be aired and it was never metioned.
Posted by legaleagle on :
I don't think it much matters how, or by whom, the Naked Short / Stock Counterfeit story gets out, as long as it gets out. It doesn't seem like we can depend on our news media to talk about it, they have been cowed by the DTCC.
StockGate: DTCC Stuns With Admission It Interfered With News Media April 13, 2005 (FinancialWire) In yet another stunning development in the StockGate saga that has roiled the financial industry, the Depository Trust & Clearing Corporation, through its outside counsel, Proskauer Rose LLP, has admitted it sent communications that resulted in a newswire’s censorship at Yahoo (NASDAQ: YHOO) Finance via Investors Business Daily and Markethingych, now owned by Dow Jones (NYSE: DJ) but then partly owned by Viacom’s (NYSE: VIAb) CBS.
Posted by Wallace#1 on :
legal, you had better hope that the legal way stocks can be short sold continues. Otherwise, MMs and Specialists will not be able to maintain an orderly market which is to your benefit. You will encounter huge, huge swings without it and, as a result, it will create considerable confusion in the market.
Posted by ed19363 on :
Wish CMKX would have a huge swing.....
Posted by TANGO42 on :
WALLACE I would just as soon have my broker tell me no shares are available @T+3 and return my money. As have any kind of POSSIBLE shorting occurring. Do not believe this would adversely affect an orderly market. And it would bring better confidence !
Posted by Wallace#1 on :
Tango, what you are suggesting would literally stop the market/trading on various stocks at various times. In short, the market of any given stock would stop and start instead of running continuosly. You would have no idea where to place your buy/sell becaues the MM or Specialist is not filling the voids in between rises and/or falls of the pps. Without shorting (legal shorting) done according to the rules, if a stock last sold at .05 and there is none available for the MM or Specialist to sell to the next buyer (either + or - the last sale), that stops the market at that point until more shares can be purchased from another seller. No continuity in that kind of market...too eratic.
No, I'll accept short selling under the legal rules. That is what provides the liquidity for all traders....public or otherwise.
Posted by bill1352 on :
i agree wallace...the real problem is when a certain mm sells to you but never bothers to fill that sell in a timely manner. if there was a system in place to balance the books on each stock or that system was followed to the letter it would be fluid & not dilute a stock. if anyone watchs L2's you see times when a mm buys a huge amount of the sells coming in & never drops the bid...these are filling a short or loading for a run & some times that run never happens & the mm is stuck. CMKX has too many shares for any need to short at any time.
Posted by Wallace#1 on :
Bill,
It would seem to me that, if the present system is not working properly and rather than get rid of it, it could be modified so red flags quickly set up on naked shorts, that time limits to fill those shorts are decreased and with red flags on those time limits provide fast alerts. If that short is not filled (a naked short) withing that specified time limit, then other holdings of the broker should be placed in danger (and every broker holds other stocks themselves) of being sold promptly or within a few days. Sure, there will be a hell of a lot of crying, but it would solve the problems of naked short selling taken to the extremes and beyond legal limits.
Posted by glassman on :
if they would raise the BID? then shares would become available.....LOL
Posted by Wallace#1 on :
quote:Originally posted by glassman: if they would raise the BID? then shares would become available.....LOL
Very true, glass, but I don't think it would solve the continuity or liquidity problems.
Hope you didn't mind my stealing a part of your post above.
Posted by glassman on :
not at all, i pulled it off the newswire...
but here's the sad part of NSing....
if? the MM's were to raise the bid and ask? would people still buy?...
i watched CMK? for months with an ASK ok .0001....
no bid....billion shares a day.... at .0001...
the MM's do some bad things IMO, but when i see it? i just move on to somewhere better..... not that hard really...theres a lot of stocks to choose from....
Posted by bill1352 on :
i agree again wallace & glass. the problem lies in they are greedy & when a stock gets hit in a big run they end up buying shares at a hi pps only to have it tank the next day. if there was a pool to draw from as needed & every weekend all short were filled from the pool & the cash put in its place to refill the pool at a better point it would serve the purpose. any other short to be filled monday by increasing the bid. this way once a week all positions would be covered & the market would still be liquid
Posted by bill1352 on :
by the way wallace are you still in HISC? got in at .014 today on the news then looked deeper...not a bad company...cmkx should look at its 211 info filing for a lesson in up front pink sheet stocks
Posted by legaleagle on :
CMKX SHAREHOLDERS GROUP SUBPOENA'S DTCC RECORDS ON 2 YEARS TRADING ON CMKX.
well legel you finally found something of value & interest that is CMKX only. if all those shareholders really want the truth then thats the right first step because you wont get it from cmkx. the dtc will probably refuse & go to court over it even if its not shorted because it would open the flood gates on the stocks that have value & have a n/s problem. those are the ones the dtc will not want getting out. until cmkx can prove that most of the o/s is not free trading & everything that can be found says it is free trading, the dtc will not spend 1 second worrying about cmkx.
Posted by Wallace#1 on :
quote:Originally posted by bill1352: by the way wallace are you still in HISC? got in at .014 today on the news then looked deeper...not a bad company...cmkx should look at its 211 info filing for a lesson in up front pink sheet stocks
Yes, Bill, I am still holding my HISC. Got in some time back and have 160K shs. Making some $$$$ there.
GLTY on it.
Posted by bill1352 on :
i saw wallace you got in at .004? good buy there. i'd be willing to bet in a few months if not sooner you'll get over 1000% on that
Posted by Ric on :
But there is one error there Legal. The shareholders group did not subpoena the records. CMKX's lawyers did. The group can't subpoena anything.
Posted by legaleagle on :
quote:Originally posted by bill1352: well legel you finally found something of value & interest that is CMKX only. if all those shareholders really want the truth then thats the right first step because you wont get it from cmkx. the dtc will probably refuse & go to court over it even if its not shorted because it would open the flood gates on the stocks that have value & have a n/s problem. those are the ones the dtc will not want getting out. until cmkx can prove that most of the o/s is not free trading & everything that can be found says it is free trading, the dtc will not spend 1 second worrying about cmkx.
THIS NEWS WAS PUT OUT BY THE SHAREHOLDERS GROUP, BUT ACTUALLY THE SUBPOENA WAS FILED BY STOECKLEIN FOR CMKX.
Posted by Wallace#1 on :
Too bad stockholders cannot subpoena financial records from companies that do not provide them.
Too bad stockholders cannot subpoena actual share count of holdings so they can determine the float.
Too bad stockholders cannot subpoena all that information identified as "Majority Shareholders" who made up that 85+% and who each own no more than 4.9% (conveniently), which is a hair under the 5% requirement to report. Strange how all those 4.9% Majority Shareholders somehow agreed with UC and the Board of Directors and decided not to hold a meeting of "public shareholders". If my math is correct, that would take somewhere around 17+ holders (more or less) to do it.....not so many, huh? Hell, between the Casavants' other companies, trusts, relatives not named Casavant, etc and friends (including honest Ed Dhonau and opinioned Dvorak,Esq.) not difficult to do.
Too bad stockholders cannot subpoena and changes to the Articles of Incorporation since those Pfd shares were cancelled and to what extent said Articles have been modified.
Posted by bill1352 on :
sorry legel your right...it may help but coming from cmkx it could be a delay tactic...they have done nothing to bring trust in anything they do.
Posted by legaleagle on :
OH, BUT YOU CAN WALLACE. ALL YOU HAVE TO DO IS FILE SUIT.
Posted by imakmony2005 on :
WALLACE, WHY ARE YOU HERE? YOUR TO SMART TO BE MESSING WITH THIS,LET IT GO.AND GIVE ME A GOOD PICK PLEASE. THANKS
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: OH, BUT YOU CAN WALLACE. ALL YOU HAVE TO DO IS FILE SUIT.
Then why haven't you pumper cult people done so???? Hell, you wanted it more than anyone. In view of the shares all of you combined hold, you were remiss in not doing just that!!!!
Posted by Wallace#1 on :
quote:Originally posted by bill1352: sorry legel your right...it may help but coming from cmkx it could be a delay tactic...they have done nothing to bring trust in anything they do.
Sure they do, Bill. They have honest Ed Dhonau and his buddy in many ventures, Dvorak,Esq. "to bring trust in anything they do.". Remember, honest Ed heads Fizzle/Frazzel's list of witnesses. Remember Dvorak's Opinion of Counsel on those shares?
Posted by Highwaychild on :
Today, 1,533,164,296 in volume, 323 trades. It'll be interesting to see what tomorrows will be.LOL
Posted by legaleagle on :
quote:Originally posted by Wallace#1:
quote:Originally posted by legaleagle: OH, BUT YOU CAN WALLACE. ALL YOU HAVE TO DO IS FILE SUIT.
Then why haven't you pumper cult people done so???? Hell, you wanted it more than anyone. In view of the shares all of you combined hold, you were remiss in not doing just that!!!!
YOU DON'T HAVE TO FILE SUIT IF YOU TRUST THAT THE COMPANY IS DOING THE RIGHT THING. IMPATIENCE IS NOT A GOOD BASIS FOR A LEGAL ACTION.
Posted by Wallace#1 on :
legal wrote: "YOU DON'T HAVE TO FILE SUIT IF YOU TRUST THAT THE COMPANY IS DOING THE RIGHT THING."
Guess you cult people and CT people didn't care to know any of that information, huh? Oh, I forgot. Hush, hush, top secret decision making by top flight managerial people hiding deep secret diamonds and potential because someone might steal their valuable wares. LMAO
PS: Anyone making a stock trading decision based upon "TRUST" deserves what they get and got.
Posted by legaleagle on :
quote:Originally posted by Wallace#1: legal wrote: "YOU DON'T HAVE TO FILE SUIT IF YOU TRUST THAT THE COMPANY IS DOING THE RIGHT THING."
Guess you cult people and CT people didn't care to know any of that information, huh? Oh, I forgot. Hush, hush, top secret decision making by top flight managerial people hiding deep secret diamonds and potential because someone might steal their valuable wares. LMAO
NOW YA GOT IT.
Posted by Highwaychild on :
If the naked short shares don't fit... I hope that this could be even better than if CMKX hit diamonds.Would take both though.LOL I don't care how long all this takes, as long as the legal actions are precise and calculated(pun intended), man this is getting fun. Go for the jugular UC!
Posted by Wallace#1 on :
No legal, you GOT IT! AND RIGHT WHERE THE SUN DOESN'T SHINE! Your problem you don't know how to pull it out or how to pull yourself away from it.
Posted by legaleagle on :
RUMOR: DROPPED
Posted by TruthTeller on :
At last...
Hopefully BS (whose BS?) will be over pretty soon Posted by Wallace#1 on :
Fact is folks, the SEC isn't bringing action because of NSS, but because of falsification of the Form 15. Seems to me they would have to have reasonable cause to want and get that information. Since the proceedings deal with an entirely different matter there is no reasonable cause to get it.
Posted by legaleagle on :
quote:Originally posted by TruthTeller: At last...
Hopefully BS (whose BS?) will be over pretty soon
SORRY TRUTH TELLER, HAD TO DROP THE RUMOR, WE ARE NOW GETTING CONFLICTING REPORTS. SO I THOUGHT IT BETTER TO JUST WAIT UNTIL MORNING.
Posted by Wallace#1 on :
Don't worry legal, another brass ring will be coming 'round for you folks. Another free ride in circles from UC et al.
Posted by Wallace#1 on :
Hey, I wonder where Upside is. Bet he's up to no good!!! LOL Go get 'im, Will.
Posted by finky on :
quote:Originally posted by bill1352: i agree again wallace & glass. the problem lies in they are greedy & when a stock gets hit in a big run they end up buying shares at a hi pps only to have it tank the next day. if there was a pool to draw from as needed & every weekend all short were filled from the pool & the cash put in its place to refill the pool at a better point it would serve the purpose. any other short to be filled monday by increasing the bid. this way once a week all positions would be covered & the market would still be liquid
Bill, excellent post, to bad the people who made up regulation (SHO) didnt consult with you first.
Posted by Wallace#1 on :
finky, are you kidding? They did. Bill told them and they said, SHO me da money!!! LOL
Posted by Dustoff101 on :
Wallace...when do the rest of us get to see the final shoot out at the OK corral...Who are the Clantin's and the Earps going to be....Need more popcorn and beer,back in a few!!...I am going to look at HISC...Raptor posted MVIS ...Wallace any thoughts on MVIS..Thanks
sometimes I feel like an ant under a cattle stampede.......Dusty
Posted by Ric on :
Doesn't anyone find it strange that CMKX did this less then two weeks before hearing. Could they know they won't get it to delay or is it just that they knew they couldn't win so they are trying to distract attention away from the real issues of non filing P&D.
I mean if this was the real issue why wasn't it in the original list. Also why wasn't it in the original brief?
Posted by legaleagle on :
quote:Originally posted by Ric: Doesn't anyone find it strange that CMKX did this less then two weeks before hearing. Could they know they won't get it to delay or is it just that they knew they couldn't win so they are trying to distract attention away from the real issues of non filing P&D.
I mean if this was the real issue why wasn't it in the original list. Also why wasn't it in the original brief?
Ric, you can't list something in your exhibit list until you know you are going to get it. I suspect, and they proably do too, that the DTCC is going to resist this. If they do, I don't think this thing will be delayed; I think it will be dropped. No one is well served by dragging this thing out. Not even Urban.
Posted by bill1352 on :
because its not a real issue ric, you know this & so does anyone not in the cult. its an attempt at a delay. this frizzle guy & if i remember right stocklien said the judge wants the facts on the 10th about the company & its transactions. watch, on the 10th there will be a motion or a defense that will state this info is needed to prove an attempt to expose the problem is behind the actions that brought cmkx to court. by now stocklien has had enough time to dig deeper & it knows there is no viable defense to UC's actions. they have a stock owners group thats been pumping this idea & will swear on bibles its true, even without the first bit of proof.
Posted by Ktrain420 on :
get um bill...........lol
Posted by glassman on :
hey, i would like to see the DTCC records...but i won't hold my breath.... there are quite few i would like to see actually...
anybody else been noticing OTHER MM's behaving like NITE lately?
i watched UCAP sell 3-4 million shares of EVSC today without buying a single one....
who the heck is UCAP? never even noticed 'em before...
Posted by Wallace#1 on :
Somebody's going to say to the judge, "What does Stoecklein's subpoena to the DTCC (which deals with NSS questions), have to do with falsification of Form 15. That will come from the Prosecution to the judge. Further, the DTCC will raise the same issue and state there is no reasonable cause to require such documentation. Remember the DTCC has attorneys as well. I suspect the judge will say forget that subpoena since it is not relative to the allegations the SEC has stated. If UC or anyone else tries to use that as an excuse, the case is immediately decided in the SEC's favor because they will have to admit they purposely falsified that Form 15 in order to explain how/why they believed the NSS may have affected their decision making. There could be no other response but, "I lied on Form 15 because....". GUILTY!!!
Good night.
PS: Dusty, you have PM re MVIS.
Posted by bill1352 on :
you very well could be right wallace but as lawyers its their job to try anything & right now delay is the best tactic, they have nothing else.
Posted by TANGO42 on :
quote:Originally posted by Wallace#1: Tango, what you are suggesting would literally stop the market/trading on various stocks at various times. In short, the market of any given stock would stop and start instead of running continuosly. You would have no idea where to place your buy/sell becaues the MM or Specialist is not filling the voids in between rises and/or falls of the pps. Without shorting (legal shorting) done according to the rules, if a stock last sold at .05 and there is none available for the MM or Specialist to sell to the next buyer (either + or - the last sale), that stops the market at that point until more shares can be purchased from another seller. No continuity in that kind of market...too eratic.
No, I'll accept short selling under the legal rules. That is what provides the liquidity for all traders....public or otherwise.
WALLACE Are you saying "the end justifiys the means" in this case stealing=orderly market? I thought my earlier comment allowed for legal rules T+3. At what Tday can I get my money back on fail to deliver?
Posted by Wallace#1 on :
Tango,
Of course the end does not justify the means! You wrote, "in this case stealing =orderly market". Are you speaking of CMKX, companies on the SHO list or naked short selling in every case? I am saying if policed properly, it can be made to operate correctly. As far as getting your money back is concerned, just sell whatever represents what you think is naked shorted. It is not the same as dealing with a retail store where if you take the product back you get your money back. It is an auction process.
Posted by legaleagle on :
Bo14172 Diamond Finder
member is offline
Posts: 53 If your happy and you know it... « Thread started on: Apr 28th, 2005, 10:36pm »
-------------------------------------------------------------------------------- It's probably for a different reason than why I am.
Guys and gals, to prove the naked short they need to collect as much evidence as necessary to prove their case.
In any effort of legal defense, discovery is as common as breathing, so today's subpoena is very important but standard practice to gather evidence. A subpoena by itself can be approved, quashed or amended by the judge. So, discovery filings to me were expected and will continue. Which leads me to the source of why should spike our Kool-Aid this weekend.
Today were 2 filings with a purpose, each intertwined and supporting the other. The one most eyeopening was Atty Frizzell's motion. From Atty Frizzell's Motion to Change Place of Hearing, it states:
"The company has in excess of 50,000 shareholders."
Currently 4.8% of the shareholders own 25% of the O/S, thus very likely 4.8% of the shareholders own 40%-50% of the float.
There is strength in numbers. WE ARE PROVING THE NAKED SHORT POSITION. Our numbers add weight and relevance to the subpoena.
The 8 words in statement within the filing are the best 8 words I have read since investing in this stock.
Who's job is it to spike the Kook-Aid this week? Tell them to make it a double, this is only the tip of the iceberg my friends.
Bo
Posted by legaleagle on :
Street Shares: 159,285,839,218 Cert Shares: 18,963,471,319 Total Shares: 178,249,310,537 Signed Agreements: 2455
Posted by Wallace#1 on :
legal reposted: "Guys and gals, to prove the naked short they need to collect as much evidence as necessary to prove their case."
NOW HEAR THIS!!!! NSS IS NOT PART OF THE CASE!!!
Posted by legaleagle on :
NOW HEAR THIS ALSO. IF YOU DON'T KNOW HOW MANY SHAREHOLDERS THERE REALLY ARE, YOU CANNOT REPORT THE NUMBER.
Posted by Doctoall on :
quote:Originally posted by legaleagle: NOW HEAR THIS ALSO. IF YOU DON'T KNOW HOW MANY SHAREHOLDERS THERE REALLY ARE, YOU CANNOT REPORT THE NUMBER.
Maybe they should have kept more accurate records, you think?? Urban was not looking to keep records, just spend our money. Urban=Evita
Down with this scam!!!!!!
Posted by ed19363 on :
quote:Originally posted by legaleagle: NOW HEAR THIS ALSO. IF YOU DON'T KNOW HOW MANY SHAREHOLDERS THERE REALLY ARE, YOU CANNOT REPORT THE NUMBER.
SCREW THE NUMBERS !!!
This case isnt about numbers, it's about whether CMKX has broken any SEC regulations....PERIOD !! You Koolaid drinkers are missing the point here. IF UC BROKE THE LAW, IT DOESNT MATTER WHAT THE NUMBERS ARE ...... WILL YOU PEOPLE EVER GET A CLUE !!!!!!
Posted by Upside on :
Wow, tempers flaring, emotions swinging violently, nerves rubbed raw..., life is good.
Posted by Doctoall on :
"Don't cry for me Urban Casavant, the truth is you never cared about the shareholders" "You just took our money, ran your race cars, and faked your diamonds" "You total jack***"
Sing to the tune: Don't Cry For Me Argentina
Urban = Evita.
Posted by Ric on :
The stockholders group proves nothing. For one no one know the structure of the o/s. For all we know UC only holds the 600 million he locked up. Theres no proof otherwise. Other thing. You and others keep using 50,000 share holders total. There is no proof of that either. It was in one of the koolaid theories and has been twisted into fact but no one knows. Might only be 5000. Next there still is no proof that the numbers provided to the group are real. Just longs that have lied before stating they own this many shares. Last but not least. The ones that own the most shares probably signed up for this first. I would guess that a lot of 2 million and under did not sign up because there money wasn't worth the $25. Its the poor that put just a couple hundred into this because thats all they could afford that can't afford the $25 and hurt the worst in this.
Wouldn't it be funny if UC did only have the 600 million and WillyLizard with his 900 million he claims he owns was the majority stock owner. roflmao.
Posted by bill1352 on :
Carlsbad, Ca, Apr 29, 2005 (M2 PRESSWIRE via COMTEX) -- Zoomingstocks.com mid-week stock update is focused on, NMC, Inc. and CMKM Diamonds, Inc.
Late Breaking News: CMKM Diamonds has submitted a request to the court to subpoena the Depository Trust and Clearing Corporation, "as they may have evidence relative to the hearing in this matter", states the subpoena. This turn of events is unprecedented and unheard of. The subpoena was issued at the request of CMKM Diamonds, Inc. by Donald Stoecklin and the Stoecklin Law Group. The purpose of the subpoena is unknown at this time; however, CMKM Attorneys have requested all manner of documentation both paper and electronic and any records pertaining to transactions dealing with CMKM Diamonds, Inc. to be made available for inspection at this hearing.
About the DTCC - The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, over-the-counter credit derivatives and emerging market debt trades. DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas.
CMKM Diamonds, Inc. was recently featured in the Zoom Generation Newsletter, a weekly subscription publication from Zoomingstocks.com as being the subject of the "trading rebate program" which creates incentives for traders to engage in transactions with no economic purpose other than to receive market data fees. The SEC believes that such trading may distort the actual volume of trading in these securities. Moreover, the Commission is concerned that the structure and size of market data revenue rebates may be distorting the reporting of trades, and that these rebate programs may reduce the regulatory resources of the markets and reallocate the funding of regulation among participants.
Ever wonder why CMKX and other sub-penny stocks have such a high volume of trades per day? This trade rebate program accounts for a majority of those trades. The SEC is implementing reforms under Regulation NMS to curtail some of this activity and allow only relevant trades to be counted in the day's volume.
CMKM Diamonds, Inc. will in less than two weeks appear at a hearing in Los Angeles to answer allegations by the SEC concerning its claims and corporate governance. Tremendous support and outpouring by shareholders loyal to CMKX is expected to draw attention to some of the ills of the current abuse of sub-penny stocks through many of the systems and sub-systems intended to facilitate the management and clearing of the stock market. This technology has only made it easier for traders to tilt the scale towards them at the loss of billions of shareholder dollars. Towards this end, CMKX is finally going to have their day in court and attempt to address and expose some of these issues.
Recently a CMKX shareholder, Mr. John Martin, of Tyler, Texas began a solidarity effort aimed at unifying the CMKX shareholders. The CMKX Owner's Group will look after their interests in the upcoming hearing of allegations made by the SEC against CMKM Diamonds, Inc. These allegations are being made under the pretense of shareholder protection. Knowing that his investment was at no time under the protection of the SEC, Mr. Martin elicited the legal services of the Frizzell Law Firm to represent himself and has since invited other CMKX shareholders to participate making the Group more credible in its intention. Mr. Martin has successfully inducted over 2320 members to date.
Posted by legaleagle on :
quote:Originally posted by Doctoall:
quote:Originally posted by legaleagle: NOW HEAR THIS ALSO. IF YOU DON'T KNOW HOW MANY SHAREHOLDERS THERE REALLY ARE, YOU CANNOT REPORT THE NUMBER.
Maybe they should have kept more accurate records, you think?? Urban was not looking to keep records, just spend our money. Urban=Evita
Down with this scam!!!!!!
And still spending our money. This just out from the Claims Bureau:
CMKX has filed 30 thousand acres of new claims attached to the Northwest corner of the Great Western Diamond claims north of the fort. Posted by bill1352 on :
well we got our answer to why the volume is so hi & for so long. nothing to do with naked shorting. it a side income of mm's for data collection. they get paid to make trades between each other. i'd say that throws a lot of arguments out the window on both sides of the fence.
Posted by Ric on :
First time I have heard of this. It does answer a lot of questions. But looks to hurt CMKX.
"the "trading rebate program" which creates incentives for traders to engage in transactions with no economic purpose other than to receive market data fees. The SEC believes that such trading may distort the actual volume of trading in these securities. Moreover, the Commission is concerned that the structure and size of market data revenue rebates may be distorting the reporting of trades, and that these rebate programs may reduce the regulatory resources of the markets and reallocate the funding of regulation among participants."
Posted by bill1352 on :
thinking about it, i'd say that would be a great way for mm's to maniplulate a pps. wouldn't matter to a .0001 POS with a 703 billion o/s but a stock with a hi o/s say 1 billion or close, you see 30 trades go buy at the bid but the bid doesn't move ppl would get scared & sell thus truly driving the bid down. i can think of 2 stocks in the last 2 weeks i owned & watched that happen. today & yesterday with HISC for example.
add-on....HISC has a 950 million o/s. they are retiring 450 million of that. insiders own 65% of the 950 million & there are no prefered shares of any kind. thus the float is about 350 million. in the last 3 days it has traded over 50% of that float. today the ask has dropped 4 times as buys were coming in. there are more trades between bid/ask then at bid & the pps has dropped. its about 65% of the trades at ask now.. you tell me why this would work like that other then a lot of fake trades
Posted by ed19363 on :
quote:Originally posted by bill1352: well we got our answer to why the volume is so hi & for so long. nothing to do with naked shorting. it a side income of mm's for data collection. they get paid to make trades between each other. i'd say that throws a lot of arguments out the window on both sides of the fence.
Yup...again everybody makes money but the little guy. And it wont matter anyway after the 10th if UC and/or CMKX is found guilty and barred. Personally, I'm looking for the SEC to close it down completely. And if CMKX tries anything with CIM (?), SEC will shut that down too. You just cannot screw with the big boys. There's too many of them and they have too many resources.
Posted by Upside on :
Gotta give them some credit for sporting steel ones, now they've subpoenaed the SEC as well.
I guess that removes the stall tactics speculation. They want the trading records, and it is not likely that a Federal Agency will resist or delay a subpoena like the DTC would.
Posted by ed19363 on :
quote:Originally posted by legaleagle:
quote:Originally posted by Upside: Gotta give them some credit for sporting steel ones, now they've subpoenaed the SEC as well.
I guess that removes the stall tactics speculation. They want the trading records, and it is not likely that a Federal Agency will resist or delay a subpoena like the DTC would.
LOL....Ever had any dealings with the IRS???
Posted by Ric on :
You know this they stole from me so I lied and stole from the shareholders isn't going to work. They can claim that they were manipulated all they want. It doesn't matter if they were. You can't break SEC rules just because you feel you were wronged. If you have a problem you address it and try and stop the problem within the law. Tell shareholders. release PR's and get others involved.
But to lie on form 15, dilute shares by selling unregistered stock itsn't going to make things better. The hearing is did you lie and sell unregistered shares. Also where is the filing you promised.
You know they are in trouble by all the distractions. They want to claim that they were illegally shorted so we shouldn't be punished. It's like a bank robber using a defense that since he was robbed once that it gave him the right to rob. Guess what. He will go to jail anyway.
Posted by bill1352 on :
there ya go Ric, using logic , facts & the truth. you'd make a lousy defense lawyer. the cult thinks that the n/s stuff will bring a huge pay day. ok, lets say its naked shorted 500 billion shares, so what. right now with the number of shares registered with frizzy the pps is right where it should be & we all know most of the shareholders are not part of the cult or group & thus most of the shares are not counted. they are getting close to 200 billion so a safe & low guess gives us 500 billion held & that number is probably more. with all the trouble around cmkx if the mm's run the pps to a bid of .0004 they wont be able to fill the number of trades that fly in. they will need to add staff to cover all the sell orders. thus this great pay day goes down the drain & everyone that sold will be thrilled & the o/s is still left at a stupidly hi number, the pps drops again & its over. that is if it makes it past the court date.
Posted by Doctoall on :
As we the share holders have no say what so ever, I would still vote to "Shut It Down" they are crooked and trying to lay blame anywhere that they can. I pray that the SEC does that for me
Urban = Evita Stick it to the shareholders.
SCAM and still trying to suck other in Posted by Doctoall on :
PPS at 0.0008 got to be a mistake
It is Posted by legaleagle on :
Street Shares: 163,149,220,594 Cert Shares: 18,922,521,570 Total Shares: 182,071,742,164 Signed Agreements: 2553
WOW THAT'S A HUNDRED NEW SHAREHOLDERS JUST DURING THE BUSINESS DAY TODAY.
Posted by legaleagle on :
quote:Originally posted by Doctoall: As we the share holders have no say what so ever, I would still vote to "Shut It Down" they are crooked and trying to lay blame anywhere that they can. I pray that the SEC does that for me
Urban = Evita Stick it to the shareholders.
SCAM and still trying to suck other in
DOC, that's the wonderful thing about our judicial system. You have a right to get an attorney and join in just like the Owner's Group has done.
Posted by ed19363 on :
quote:Originally posted by legaleagle: Street Shares: 163,149,220,594 Cert Shares: 18,922,521,570 Total Shares: 182,071,742,164 Signed Agreements: 2553
WOW THAT'S A HUNDRED NEW SHAREHOLDERS JUST DURING THE BUSINESS DAY TODAY.
Stock up on Koolaid. Still dont make any difference to the law.
Posted by legaleagle on :
By: phxgold 29 Apr 2005, 02:23 AM EDT Msg. 203638 of 204161 Jump to msg. # Anyone think this was not set up by the company to go to court? The SEC dosent even follow theyre own regs. please read carefully the regs here
according to 12-g rules "a class of securities registered under the exchange act can be deregistered if (1) the shareholders of record in the appropriate class fall below 300, or(2) if the issuer has fewer than 500 sharholders of record(but more than 300) in the appropriate class and its total assets did not exceed $10 million on the last day of each of its three most recent fiscal years, termination takes place 90 days, or such shorter period as may be authorized by the commision, after the issuer files a certification with the commission reciting the appropriate factual basis for deregistration.
y/e 2002=never filed
y/e 2001 Total Assets=$373 Total shareholders=At December 31, 2001, there were approximately 35 holders of record of the Company's common stock. As of December 31, 2001, there were approximately 342,223,510 shares outstanding http://sec.gov/Archives/edgar/data/1092299/000111776802000011/cyberk.htm
y/e 2000 Total assets=$ 137,775 Total shareholders=As of March 31, 2001, there were 24 holders of record of our common stock. On that date there were 18,758,600 shares of common stock outstanding
y/e 1999 Total assets=$ 345,827 Total shareholders=NONE Our common stock became eligible for quotation on the OTC Bulletin Board on February 14, 2000, under the symbol "CMKI". On August 25, 2000, we issued a stock dividend of one share for each share of common stock outstanding on August 11, 2000. The following table sets forth, for the periods indicated, the high and low unpriced quote trades for our common stock as reported on the OTC
Looks like another neat lil package see casavant cant get the numbers cuz they were never filed in 2002 before the 14c was done so that means it goes back to 1999. therefore reading the rules we did qualify to be removed from the otc.bb. Looks like a ruse to get the sec to fix our lil nss problem in an open forum to me. According to sec regs the company IS not in the wrong no matter what the form 15/a or letter from the t/a stated IMO ~Phx
Posted by legaleagle on :
senna God of Diamonds
member is offline
Gender: Posts: 2005 Re: *CMKX Shareholders, get psyched! This could be « Reply #6 on: Apr 28th, 2005, 12:02am »
-------------------------------------------------------------------------------- IMO IBM told UC and company you can not make a deal with the SEC...they will always find something to suspend us. Many believe we were halted we never were halted because we do have the goods otherwise last Nov we would have been halted for good but we were suspended and allowed to traded then in March 05 the same thing.
IBM informed UC if he signed the filings he would be commiting a federal crime, the SEC pushed hard last fall for him to sign and when he didn't they shut the release of specific info down at the party with threats.
So IBM has instructed UC that in order to go about our business we have to go over the SEC to the law makers hence Senator Bennett, he has already dressed down Bill "I am incompetent" Donaldson head of the SEC. IBM knows the only way to get them off our backs is to go the nuclear route and that is get in front of a judge to start the process and hopely land in front of a senate sub commitee they have power plus it's IBM's forte'.
Remember the DTC is not regulated by any outside agency except the SEC...get my drift.
I may be way off but that will be soon revealed that is my opinion and I am sticking to it...don't forget IBM's financial investigation firm I have been posting about for months...that will be the money trail, the profit is going somewhere and as in most criminal activity it is always a select few that profit BIG.
The beauty of technology will soon be demonstrated by IBM and his investigators that all have federal back grounds and his 9 offices world wide...they investigate us and we investiagte them, no other company has had this at their disposal except us. Good Night and May 10th here we come... senna
Posted by Doctoall on :
quote:Originally posted by legaleagle:
quote:Originally posted by Doctoall: As we the share holders have no say what so ever, I would still vote to "Shut It Down" they are crooked and trying to lay blame anywhere that they can. I pray that the SEC does that for me
Urban = Evita Stick it to the shareholders.
SCAM and still trying to suck other in
DOC, that's the wonderful thing about our judicial system. You have a right to get an attorney and join in just like the Owner's Group has done.
No thanks I have already been sucked in for enough money. And there is nothing wonderful about a system that allows cheats like Urban et al to take people for hard earned money. Posted by Doctoall on :
Legal: They got Martha, they got Lay and they will get Urban Posted by legaleagle on :
By: phxgold 29 Apr 2005, 02:25 AM EDT Msg. 203639 of 204174 (This msg. is a reply to 203638 by phxgold.) Jump to msg. # The last day of the last 3 fiscal years. CMKX F/Y ends on Dec 31, How many shareholders there were in july is irrelevant. ~Phx
Posted by legaleagle on :
By: phxgold 29 Apr 2005, 02:38 AM EDT Msg. 203641 of 204175 (This msg. is a reply to 203640 by volkaca.) Jump to msg. # I think the master shareholders list will show exactly the same % ownership of the"the sellers" and uc and family as the 14c did and that 96.5%. The dilution is nss. I believe that is why the company is offering both the list from 2003 and from present. If they dumped into the market they would have no need to show it. JMO ~Phx
Posted by legaleagle on :
By: phxgold 29 Apr 2005, 04:45 AM EDT Msg. 203650 of 204175 (This msg. is a reply to 203645 by scanner72.) Jump to msg. # scanner you are missing some important info here read the regs according to 12-g rules "a class of securities registered under the exchange act can be deregistered if (1) the shareholders of record in the appropriate class fall below 300, or(2) if the issuer has fewer than 500 sharholders of record(but more than 300) in the appropriate class and its total assets did not exceed $10 million on the last day of each of its three most recent fiscal years, termination takes place 90 days, or such shorter period as may be authorized by the commision, after the issuer files a certification with the commission reciting the appropriate factual basis for deregistration.
y/e 2002=never filed because they werent required the first fiscal year end for cmkx was 12/31/2003. prior year ends were for the cmki shell. only a 10q was required from cmkx for 2002.
y/e 2001 Total Assets=$373 Total shareholders=At December 31, 2001, there were approximately 35 holders of record of the Company's common stock. As of December 31, 2001, there were approximately 342,223,510 shares outstanding http://sec.gov/Archives/edgar/data/1092299/000111776802000011/cyberk.htm
y/e 2000 Total assets=$ 137,775 Total shareholders=As of March 31, 2001, there were 24 holders of record of our common stock. On that date there were 18,758,600 shares of common stock outstanding
y/e 1999 Total assets=$ 345,827 Total shareholders=NONE Our common stock became eligible for quotation on the OTC Bulletin Board on February 14, 2000, under the symbol "CMKI". On August 25, 2000, we issued a stock dividend of one share for each share of common stock outstanding on August 11, 2000. The following table sets forth, for the periods indicated, the high and low unpriced quote trades for our common stock as reported on the OTC
Looks like another neat lil package see casavant cant get the numbers cuz they were never filed in 2002 before the 14c was done so that means it goes back to 1999. therefore reading the rules we did qualify to be removed from the otc.bb. Looks like a ruse to get the sec to fix our lil nss problem in an open forum to me. According to sec regs the company IS not in the wrong no matter what the form 15/a or letter from the t/a stated IMO
Posted by legaleagle on :
By: phxgold 29 Apr 2005, 07:08 AM EDT Msg. 203660 of 204175 (This msg. is a reply to 203659 by stervc.) Jump to msg. # I dont believe the float could be anywhere near that. remember that"the sellers" are under agreement to maintain theyre shares as restricted but they may be held in electronic form therefore they may be deceptive to cede and company. remember that once they are in cede and co even if restricted the electronic shares do not hold a ledgend for borrowers to see. also "the sellers hold less than 4.9 percent as individuals as to keep from having to file theyre ownership. I do believe the cede and companies numbers are deceptive. Also we must remember that in order for uc and "the sellers" to maintain control of the company they must hold more than 51%. Im banking on the original 96.5% or very close to it. JMO. ~Phx
Posted by Doctoall on :
Legal: They got Martha, they got Lay and they will get Urban. Coming soon to a court near you.
SCAM STOCK Legal the offer is still out there, if you have so much faith in CMKX and what its worth, buy my shares at $1.25 each you should consider that a deal, of course unless you know that the shares are worthless Posted by Doctoall on :
Legal: Is it true that lots of angry shareholders are writing the SEC asking for justice. The justice being that the SEC close down Urban and CMKX
[ April 29, 2005, 19:16: Message edited by: Doctoall ]
Posted by Ric on :
Legal the problem with the repost about number of shareholders of record in 1999, 2000, 2001, 2002 is they never filed a form 15 to stop reporting then. If they had this would be a mute issue. They filed it after they did have over 500 shareholders of record, hence lied to the SEC. You have to file to be removed and if you don't file then you must follow the rules no matter what. So if they had filed earlier then we wouldn't be discussing this. Just the fact its still a P&D scam. But since CMKI never filed form 15 then they still had to file.
There are a lot of companies that are honest and file with under 300 shareholders of record. They want to so they look up and up. Can they stop, yes if they file the needed paperwork. But if they continue to file and grow over the 300 then 500 shareholders rules then they are now bound to file because they were a reporting company when the threshold was meet.
Posted by bill1352 on :
in order to file a form 15 no matter when in the fiscal yr wouldn't you first call your t/a & ask for the numbers? just in case you can't file a form 15? if after filing a form 15 you change t/a's wouldn't you first get a full report from the out-going t/a to then turn over to the new t/a? if your a t/a & you get a new company wouldn't you first go over the records to see if everything was in order? it seems to me these are all basic no-brainers done every time any of these things happen. you wouldn't need to be business smart to do or think of any of these things. its like closing a checking account & opening a new 1, first you check how much is in it. if at the time your changing t/a's you have a god-like securities lawyer on staff & working on your books ya think maybe it would be checked? it all points to a screw the shareholders i own this company mentality.
Posted by bill1352 on :
as for anything proving a n/s according to the cmkx cult its the only stock suffering. tho it seems i have heard of 1 or 2 also having trouble in this area. from what i've read they took a novel approach, they informed their shareholders & the entire world about every single share they ever issued. every insider share, every free trading share, every restricted share, every prefered share, every share paid to consultants, lawyers, partners, aunts, uncle's & second couzins. they in other words accounted for every single share & then got the records from their t/a on who holds what & where. which broker has how many shares in street accounts & so forth. how many shares are in cert form. they then did something foriegn to cmkx, its called first grade math. its not new but its effective. its called add the numbers together & then subtract the o/s from the shares in the market. if they had a naked short problem it was plain as day & then they got a lawyer. not 1 of them figured adding hundreds of billions of shares was the right way to go. they have banded together in a class action suit. all of this has taken time but when its straightened out their stock will not have hundreds of billions of shares in the market. their company will have another novel idea in the cmkx world....value.
Posted by Ric on :
What would be really nice if CMKX wanted to really win, would be to actually file something. If they spent half the time writting subpoenias to actually turn in even one 10qs or a few S-8's then they may have something to stand on. But when they get to court and the Judge ask what has been filed and they say nothing we were to busy trying to prove NSS the Judge will be pizzed. Not that CMKX ever intends on filing anyway, just the excuse they will use.
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: NOW HEAR THIS ALSO. IF YOU DON'T KNOW HOW MANY SHAREHOLDERS THERE REALLY ARE, YOU CANNOT REPORT THE NUMBER.
Been busy all day but must respond to the above post.
So what you are saying legal, is if you don't know how many shareholders there are just file Form 15 and stick any number in there that suits UC's purpose without knowing the truth? That is outright falsification!!! He signed the Form 15 and would be legally responsible for violating the Exchange Act of 1934.
You cannot squirm out of the facts about the Form 15, legal.
Posted by legaleagle on :
Rewriting the response
Posted by legaleagle on :
The orginal Form 15 carried 300 shareholders. After the recent audit discovered that number was in error, there was a correction filed amending it to 698. That was the right and proper thing to do, amending a false report when the truth became apparent.
The company position appears to be that that original number was skewed by the naked short, and that is why they are subpoenaing the appropriate documents to prove their defense.
Posted by legaleagle on :
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Lawmakers Criticize SEC Over Fund Failures Fri Apr 22, 2005 02:28 PM ET Printer Friendly | Email Article | Reprints | RSS Top News 'Leash Lady' to Plead Guilty of Iraq Abuses Bomb Blasts Kill 29 in Iraq; Zarqawi Threatens Bush Starts New Push for Social Security Plan
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WASHINGTON (Reuters) - U.S. lawmakers criticized the U.S. Securities and Exchange Commission on Friday for failing to find trading abuses in the mutual fund industry before September 2003 in scandals that cost shareholders billions of dollars. The criticism accompanied the results of a study conducted by government investigators who found the federal agency failed to detect market-timing misconduct because SEC officials were focused on other higher risk activities.
Market timing -- or improper rapid buying and selling of mutual fund shares to profit from pricing inefficiencies -- was at the core of recent scandals that rocked the fund industry.
The SEC was caught flat-footed when the scandals emerged in 2003 due largely to investigations by New York Attorney General Eliot Spitzer. But the agency responded later with probes of its own and a raft of mutual fund industry reforms.
"The SEC must take a stronger position on finding, preventing and punishing abuses by insiders, or Congress will be forced take another look at how mutual funds are examined and regulated," said Rep. James Sensenbrenner.
"This report illustrates how mutual fund senior officers literally stole billions of dollars from honest investors," said the Wisconsin Republican, who chairs the House of Representatives Judiciary Committee.
Sensenbrenner and the top Democrat on the committee, John Conyers of Michigan, requested the Government Accountability Office study into market timing.
"Market timing abuses in the mutual fund industry are particularly offensive because most mutual fund investors are regular people, with no special experience or expertise with investing in the stock market," Conyers said.
The GAO report faulted the SEC's routine examination program run by its Office of Compliance Inspections and Examinations (OCIE), as well as brokerage regulator NASD, for failing to detect undisclosed trading abuses.
"We have significantly changed our examination process to be better able to detect emerging areas of compliance risk and undisclosed practices," said SEC spokesman John Nester. "While detecting collusion is always difficult, agency inspectors are digging deep and demand more emails from firms."
A NASD spokesman declined to comment beyond the report.
The GAO report acknowledged the SEC has taken steps to strengthen its mutual fund oversight program, but said "it is too soon to assess the effectiveness of certain initiatives."
Who is Annette Nazareth? Well connected with the Federal Reserve.
Testimony Concerning Credit Rating Agencies by Annette L. Nazareth Director, Division Of Market Regulation, U.S. Securities & Exchange Commission
Release Date: October 28, 2003 For immediate release
Roger W. Ferguson, Jr., on Tuesday took the oath of office for a second four-year term as Vice Chairman of the Board of Governors of the Federal Reserve System. The oath was administered, in the presence of Vice Chairman Ferguson's wife, Annette L. Nazareth, by Chairman Alan Greenspan in the Chairman's office.
President Bush nominated Vice Chairman Ferguson on September 10 and the Senate confirmed him on October 24. He originally took office on November 5, 1997 as a member of the Board to fill an unexpired term. On July 26, 2001, he began a new term on the Board that expires January 31, 2014. His first term as Vice Chairman began October 5, 1999.
Posted by legaleagle on :
And how does she feel about naked shorting? Well she would get rid of the last vestige of provable ownership:
"A new staff recommendation by Annette Nazareth, director of the division of market regulation at the U.S. Securities and Exchange Commission to "outlaw" ownership of paper certificates at the same time the Depository Trust and Clearing Corporation is under intense scrutiny for alleged electronic counterfeiting has begun hitting the small public company markets, company executives, shareholders and manipulative short-selling opponents like the proverbial ton of bricks."
Nice find Legal,I saw this in your link.Interesting...
The Securities and Exchange Commission is aware of investor concerns about naked short selling. The government regulatory body has even brought prior enforcement actions against some parties engaging in naked short selling as part of a manipulative scheme, including Rhino Advisors, Inc. and Thomas Badian. Starting in late 2003, SEC market regulation division director Annette Nazareth disclosed in a Dow Jones interview that the SEC would consider changes to short-selling rules as she said, “It's expected that the commission will consider short selling reforms in the next few months."
I thought when the SEC subpoenia cmkx's records back when it was investigation the other company, THAT THEY found the problems and was why UC had to try and fix it real quick. You make it sound like UC came clean after he found the error. Besides you error with a few shareholders say 350 instead of 300. Not with over double 689 instead of 300. This is a scam, was a scam, and will continue to be a scam. Geez, NSS has to do with the street shares not the ones on record. If anything the NSS would make it more shareholder not less if that was the case. Legal you are grasping at straws.
Posted by Ric on :
Legal you make good cases for a NSS hearing but there is no proof of NSS with 704 billion shares. AND what would it matter, they are charged with selling unregistered shares, lies on form 15, and not filing. NSS is no excuse for not filing. You file charges against NSS if it is disrupting your business but breaking the law doesn't make you right.
Posted by Ric on :
By the way, if they couldn't figure out the right number back then, why do they know the number now 2 years later. They are the ones that said they didn't keep good books but they know a number 2 years later to be fact but not then? hum
Posted by Highwaychild on :
Maybe today is the day.LOL
Posted by bill1352 on :
The orginal Form 15 carried 300 shareholders. After the recent audit discovered that number was in error, there was a correction filed amending it to 698. That was the right and proper thing to do, amending a false report when the truth became apparent. The company position appears to be that that original number was skewed by the naked short, and that is why they are subpoenaing the appropriate documents to prove their defense.
legel you sound like a theifs mom trying to keep him out of jail. blind to the truth & wouldn't care if hit over the head with it. you really think when the t/a switch happened it wasn't plain as day how many shareholders there were? why do you think they switched back? by then the number was well over a few thousand shareholders as the pump & dilute scheme was well on its way. if UC was so worried about honesty he would have filed the correction then or just filed saying we are over 500 & here is the proper filings.
Posted by Highwaychild on :
Thing is, we don't know UC, he could of hoped for all this way back when.It was stated in a pr long ago cmkx felt like there was naked shorting going on I think.Then we have the dividends.USCA has been on the SHO list, but that don't tell you who was doing the naked shorting.I'm just ready for the light to shine.If it does me no good with CMKX, so be it, but it may help me and millions of people that have had their stocks on that SHO list maybe.
Posted by legaleagle on :
Street Shares: 165,650,088,203 Cert Shares: 18,868,866,592 Total Shares: 184,518,954,795 Signed Agreements: 2619
Posted by legaleagle on :
quote:Originally posted by Ric: Legal you make good cases for a NSS hearing but there is no proof of NSS with 704 billion shares. AND what would it matter, they are charged with selling unregistered shares, lies on form 15, and not filing. NSS is no excuse for not filing. You file charges against NSS if it is disrupting your business but breaking the law doesn't make you right.
Ric you may be right about no evidence of NS. That's why they are issuing subpoena's for records.
And that's why the shareholders are banding together to force the hand of the SEC to "put up or shut up".
If there is no naked short, then we should not see any resistance to the subpoena of documents by the DTC or the SEC.
Posted by legaleagle on :
quote:Originally posted by bill1352: The orginal Form 15 carried 300 shareholders. After the recent audit discovered that number was in error, there was a correction filed amending it to 698. That was the right and proper thing to do, amending a false report when the truth became apparent. The company position appears to be that that original number was skewed by the naked short, and that is why they are subpoenaing the appropriate documents to prove their defense.
legel you sound like a theifs mom trying to keep him out of jail. blind to the truth & wouldn't care if hit over the head with it. you really think when the t/a switch happened it wasn't plain as day how many shareholders there were? why do you think they switched back? by then the number was well over a few thousand shareholders as the pump & dilute scheme was well on its way. if UC was so worried about honesty he would have filed the correction then or just filed saying we are over 500 & here is the proper filings.
Bill the TA switch was long after the filing of the Form 15. And as I recall they were freely giving out confidential information to shareholders before they could have even verified the numbers for themselves.
Posted by legaleagle on :
quote:Originally posted by Ric: By the way, if they couldn't figure out the right number back then, why do they know the number now 2 years later. They are the ones that said they didn't keep good books but they know a number 2 years later to be fact but not then? hum
Roger Glenn and the audit.
Posted by legaleagle on :
quote:Originally posted by Ric: I thought when the SEC subpoenia cmkx's records back when it was investigation the other company, THAT THEY found the problems and was why UC had to try and fix it real quick. You make it sound like UC came clean after he found the error. Besides you error with a few shareholders say 350 instead of 300. Not with over double 689 instead of 300. This is a scam, was a scam, and will continue to be a scam. Geez, NSS has to do with the street shares not the ones on record. If anything the NSS would make it more shareholder not less if that was the case. Legal you are grasping at straws.
Ric, why would the CMKX share count come up in the hearing for UCAD/USCA?
Posted by legaleagle on :
quote:Originally posted by Ric: Legal you make good cases for a NSS hearing but there is no proof of NSS with 704 billion shares. AND what would it matter, they are charged with selling unregistered shares, lies on form 15, and not filing. NSS is no excuse for not filing. You file charges against NSS if it is disrupting your business but breaking the law doesn't make you right.
703 billion has nothing to do with the NS. It's all in the "float", and we don't know that yet.
Posted by legaleagle on :
Street Shares: 166,686,260,996 Cert Shares: 18,897,666,592 Total Shares: 185,583,927,588 Signed Agreements: 2633
Posted by bill1352 on :
Bill the TA switch was long after the filing of the Form 15. And as I recall they were freely giving out confidential information to shareholders before they could have even verified the numbers for themselves.
=============================================
the numbers would have been found before the turn over of records. the confidential numbers given out was the o/s. NO public company should hide the o/s...pink sheet or not. if any company is hiding the o/s there is a scam or dishonest person in charge. not just cmkx, any company. plus the transfer would have shown that there were over 500 shareholders. thus no matter what the companies value the law says they are to report. if as UC claims they did report as soon as he found out he is lying. he knew this then, 8 months before he said he found out. if he was as honest as you claim he would have filed then.
Posted by legaleagle on :
Fuego Entertainment Begins Filming of the "Counterfeit Conspiracy" Documentary to Reveal the Fictitious Creating and Selling of Shares in the US Markets
Fuego Entertainment proudly announces the beginning of filming the "Counterfeit Conspiracy" documentary to reveal the fictitious creating and selling of shares within the market
(PRWEB) April 30, 2005 -- Most investors aren't aware that it is just as against the law to counterfeit corporate securities (18-USC-514) as it is to counterfeit $100 bills, nor are they aware that they are likely to have these securities in their portfolios.
The producer of this informative documentary is Mr. Hugo Cancio. "This will be an in depth documentary on counterfeiting stock shares through a myriad of key market authorities to victimize public shareholders" said Mr. Cancio
This counterfeit creation of shares is usually done in the small cap market which are primarily your penny stocks. This counterfeiting of shares is known throughout to many as Naked Short Selling (NSS).
Counterfeiting anything of monetary value in the United States is illegal. Yet shares of stocks involving hundreds or even thousands of companies are counterfeited on a daily basis without penalty. The documentary will be revealing for all to educate investors and key authorities to what have been going on for years.
According to their website at www.SEC.gov, the Securities and Exchange Commission (SEC), states that Naked Short Selling is NOT NECESSARILY against federal securities laws. The SEC admits that the counterfeiting of stock shares is a reality by bringing forth a new law, called Regulation SHO, which was enacted this past January, to try and get this issue under control. However, there has yet to be one single case brought to justice!
Counterfeit Conspiracy is a documentary aimed at getting to the truth! Fuego Entertainment will be going straight to the CEO of companies and their affected shareholders to retrieve direct testimonials of current counterfeit actions from this investor devastation. Fuego's producers will be asking all the tough questions that America needs the answers too for educating the world on what has been going on for years. Fuego Entertainment production crew will be going to take their cameras and microphones across the US, approaching the SEC, DTCC, Capital Hill, and market insiders on Wall Street.
The SEC has mandated that each of the markets put out a daily list that shows companies that currently have been naked shorted through this counterfeiting of shares. This is due to a failure to deliver the required amount of shares after the mandated time frame allotted from the SEC. Here is a very small list of some of those companies known as Threshold Companies: U.S. Canadian Minerals (OTCPK: USCA), Global Links Corp (OTCPK: GLKC), Infotopia Inc (OTCPK: IFTA), Wi Fi TV Inc (OTCBB: WFTV), Winn-Dixie Stores Inc (OTCPK: WNDXQ), General Credit Corp (OTCPK: GNIZQ) and Gateway Distributors LTD (OTCPK: GWDB)
Another company, CMKM Diamonds Inc (OTCPK: CMKX) of Las Vegas, is currently facing problems that may be related to having already fallen victim to this counterfeiting crime. A large group of extremely loyal CMKX shareholders have formed an owner's group. These loyal shareholders are going after the very Wall Street insiders that want to see this company fail. If the company fails, then traditionally the NSS problem goes away for those that perpetuated the problem. But not this time, the shareholders are fighting back and supporting their company!
These are just a handful of the many companies facing this problem today. These types of companies usually end up as a casualty and in bankruptcy through no fault their own. These are usually the repercussions behind the dilution of the company's stock.
This is Financial Terrorism against Americans, its a culture of fraud perpetuated by Wall Street, its self regulatory organizations, the SEC, and a cornucopia of offshore criminals? Rodney E. Young, Founder/President/CEO of Eagletech Communications, Inc. (OTCPK: EATC)
As Bob O'Brien of NCANS.net summed it up: "A couple of hundred guys in New York are robbing the system and investors blind."
Come along with us as we expose the Counterfeit Conspiracy to America! We invite shareholders and anyone that wants to stand up for their rights and be a part of history as we interview Washington D.C. and then travel by bus to New York City to visit the DTCC and Wall Street. Visit us at www.CounterfeitConspiracy.com and sign up to join our fight to clean up the corruption on Wall Street! The righteous shall prevail!
The Counterfeit Conspiracy documentary will be released within the next 60-90 days for more information please visit: www.counterfeitconspiracy.com
Disclaimer: The companies mentioned above and their corresponding stocks are being represented as currently on the NASDQ Security Threshold list or as an example of what may be happening in the market place for the purpose of this documentary. No investment advice to either buy or sell any of the securities mentioned in this press release has been given. Please consult with an investment professional if investment advice is warranted.
###
Posted by Wallace#1 on :
legal wrote:
"The orginal Form 15 carried 300 shareholders. After the recent audit discovered that number was in error, there was a correction filed amending it to 698. That was the right and proper thing to do, amending a false report when the truth became apparent." -------------------------------------------------------- Two things are apparent in legal's statement above.
First, he says the "number was in error". Then, he goes on, and referring to that same report states it was a "false report". A false report is not an error!!!!
Second, he states that amending "a false report" was the "right and proper thing to do". This left out the punishment factor entirely and suggests if one owns up to doing something illegal after the fact, that there should be no punitive action taken against said person. That same attitude toward an illegal act is comparable to someone robbing a store, later admitting that act, and, expecting or getting no punishment for said illegal act because of the subsequent admission.
Legal, that's BS!!! Bet you didn't think that way back when you believed in justice and due punishment for similar transgressions.
Posted by legaleagle on :
Wallace, a number in error is still erroneous information and therefore "false".
If Microsoft enters a number in their report in error,and later corrects it, should the company be shut down and Bill Gates run off to jail?
Get real.
Posted by legaleagle on :
Double post again.
Posted by legaleagle on :
Gordon Freeman Dr. Of Diamonds
member is offline
Gender: Posts: 214 Re: If the new OG #'s are true.....then.... « Reply #7 on: Today at 01:04am »
-------------------------------------------------------------------------------- If the numbers stick there will be only ~60B left and that will reduce even more the coming days as more people will join. The closer we get to the max possible float of 49% the bigger the incentive to join.
It really starts to look like a very carefully planned series of events.
Step 1: force the hand of the SEC by filing the 12g form
Reaction: SEC steps in and halts CMKX
Step 2: hint that we might not be filing.
Reaction: SEC steps in and drags us to court
Step 3: (not sure here!!!!) sweet talk someone into setting up an owners group.
Reaction: SEC opposes but gets called back.
Step 4: ask the trading records from SEC and DTC
Reaction: a big up yours by the SEC and the DTC
Step5: Release the float
Reaction: ..... game over.
Posted by Wallace#1 on :
legal, more spin, huh. You admit the docs were falsified but the very person who did it should not be declared responsible and bear the commensurate punishment. Tell me, just who did sign that Form 15? Just who made the false statement? Just who is legally responsible for signing such a document required by the Exchange Act of 1934? Legal, the answers are none other than Urban Casavant. CLICK-CLICK OF THE LOCKS!!!
Posted by Wallace#1 on :
That Gordon Freeman above must be out of his mind!!!
Ck this thread out later--today's our 39th anniversary. Better show it!!! LOL
Posted by will on :
"today's our 39th anniversary."
That poor woman !!!
We all should send her sympathy cards.
Posted by Highwaychild on :
LOL,yep.Or a milkshake... Congrats Shakeman
Posted by bill1352 on :
congrats mr & mrs wallace...well how about congrats mr wallace & condolances to mrs wallace. he's keep her that long & she's put up with him that long.
Posted by finky on :
Wow, 39 years, I guess you really are an old fart.LOL congradulations.
Posted by bill1352 on :
legel if it was just a case of a wrong number i agree, shutting down would be wrong, but its not. its trading shares illegaly, why do you think saskatawan shut them down. i bet by the time all the charges are explained in detail during the trial as in which trades or what was given or sold to who a pattern that us bashers have been pointing out will be in black & white. as for your reposts claiming all they need is 49% to prove a n/s, get that person & funny white coat. the most UC, family & anyone that could be called insiders holds is 100 billion & i bet its much less then that.
Posted by Bigrod40 on :
Nazareth has to have all documents required, delivered to Stoecklein Law Group on May 6 at 10:00 a.m. Page 2. This is getting REAL GOOD.
Just back from dinner and I'm setting some of you characters straight.......
Will, you're a fine one to say "poor woman". I am the "poor man" wearing the same old shoes I wore back 39 yrs ago. Besides, she knows how good she's had it with an easy going guy like me.
Bill.... Condolences?%@#!! Condolences%#@*!! That broad made me make out a will already!!!!
Hwy, many thanks. At least you gave credit where credit is due. You know a great guy when you meet one....ME!!!
finky, again, thanks....old, buttface fart that I am, not all my brain has atrophied, only the frontal lobe. LOL
legal....I am sure that you are truly thinking the best as well. Of course, "the best" being me!!! LOL
And where are my friends Dwman, Doc and all the others who once thought I am a basher and now know otherwise?
Hey, there are not a lot of people who make it as far as I have with an Italian wife!!! Of course, there was always the "horse's head" to fear with some of her relatives!!! Once stopped all conversation with one of my "I-talian jokes". No kidding! Lucky they forgave me.....or did they?
Posted by Ric on :
Hey Wallace try half italian and half Cheyanne Indian. Now that a combo to be scared of and I live with that.
Posted by Wallace#1 on :
No wonder she is so attractive and with a beautiful bone structure! And I am not speaking of your bone structure!!! Bet she keeps you on your toes while skinning you alive, huh? LOL
Posted by Ric on :
lol
Posted by Upside on :
So Ric, if you complain about her pasta she scalps you? That can't be easy. And Wallace, congratulations to you! Maybe she'll buy you some new shoes for an anniversary gift.
Posted by Wallace#1 on :
Thanks, UP. Have any old ones lying around that might fit? Come to think about it, it might be a bit hard to walk in your shoes!!! She bought me horse puckies!! Said I'm too cheap for anything else. Must be the Scot in me....and if any of you would have said "scotch", you are definitely drinking far too much. LOL
Posted by bill1352 on :
italian wife? that explains it...italians never get rid of their husbands no matter how much trouble they are....lol
Posted by legaleagle on :
Wallace, I truly wish you the best today. Thirty-nine years is a long time these days. Once again you beat me, our 39th will be August 6. So, from one "old fart" to another, Happy Anniversary. And in celebration, I won't argue with you today. But watch out tomorrow. LOL
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: Wallace, I truly wish you the best today. Thirty-nine years is a long time these days. Once again you beat me, our 39th will be August 6. So, from one "old fart" to another, Happy Anniversary. And in celebration, I won't argue with you today. But watch out tomorrow. LOL
Thanks legal. It is a long time, a VERY long time!!!
PS: Doubt if I will be on for a couple of days, so tweek some other basher!!!
Posted by Wallace#1 on :
quote:Originally posted by bill1352: italian wife? that explains it...italians never get rid of their husbands no matter how much trouble they are....lol
Bill wrote: "no matter how much trouble they are...." Surely, you are speaking of my wife and how troublesome they can be. LOL
PS: Good night, all and thanks.
Posted by Highwaychild on :
Now this is a good website about companies on the Naked Short Selling Threshold List, hope you like it...
---http://www. buyins.net/ take out space/\
I did a symbol search on USCA, it says they've been on it for 52 consecutive days from 2005-04-29, is that right?........It seems like just yesterday, time flies when you're naked shorted...
I typed in ECPN and found they were on there 6 consecutive days from 2005-02-16
GEMM was on 10 consecutive days from 2005-03-17
Posted by bond006 on :
just got done reading frizzell's latest report to share holder at gb site he claims insiders want cmkx to fail and are responsible. looks like they are looking for somebody to burn at the stake
Posted by bill1352 on :
bond, we would love to see that report re-posted in here. if that is what frizzy is saying it goes right along with what many of us in here have said all along. UC wanted the cash from selling shares & a n/s would be the scapegoat. this SEC problem is icing on the cake in UC's mind. notice saskatawan has said they never supplied the info asked for to get them back to trading. this is where the claims are. this is the mother load of diamonds home town. its also where the neighbors are watching everything you do. since all UC has done is drill a few holes in the ground with an old drill rig. they watched debeers & shore gold & how they went about looking for diamonds. when the float is announced & we see that UC & family own less then 100 billion i wonder if any lights come on in the cults minds. i wonder how many join reality again & how many jump to UC's defense.
Posted by will on :
I told y'all a couple of weeks ago to rent "The Producers". I have thought and said it all along, that in the end you would hear them say, "we tried, sorry, no diamonds", then hear the click of a padlock. IF there was any thing of value or potential value it was sold off to the jv's and CMKX is probably holding worthless claims, and will be able to say, sorry shareholders. For a year now I have asked why do y'all think this company is not clear, forthright, and forthcoming, with the state of affaris, and the only replies, (which I never bought into), is "The Master Plan", secrecy from competitors, I not being able to understand this complicated play. Well, it's getting down to the wire, and in the end I think it will be clear enough for a 6 year old to understand, you been HAD!
Posted by Ric on :
It won't matter. The hearing will go off, CMKX will be revoked and the sad thing is a six year old could understand but the koolaid drinkers never will. They will cry and call the SEC names and blame them. Then carry a banner that this isn't over and we will get our registration reinstated just like over on the USCI board right now. Denial, denial yet they will never give in, until UC goes to jail. And then it will still be the SEC fault.
Posted by Thorn on :
So, if CMKX stock is cancelled, what becomes of the company? I mean, it's not like they are going bankrupt is it? Re-establish the stock with a reverse merger?
Posted by Ric on :
They can't re-estabish the stock. Thats illegal. CMKX shareholders will own a private stock that can not be traded in public. If the try a reverse merger or spin off the SEC would step in and revoke the new shares automatically. No hearing needed and someone would probably go to jail for trying. The only option is a appeal and thats real hard in this type of case. The longs will pull out overturned cases but none of those cases involve lies on form 15 and no filings before trial. The SEC takes selling unregistered shares seriously. Also this is so obviously a scam I just can't understand how some can't see it.
Posted by Ric on :
I really have a hard time believing anyone thinks a company with 704 billion o/s is nothing but a scam. That in itself is reason why the Social Security plan that Bush is pushing shouldn't be passed. I mean the 704 billion to me is enough but all the signs are here for a scam. PR's that say just enough to make you think something but tells you nothing. Shows you pretty maps but never once have they showed proof of any minerals being found. Talks about how well others are doing but never states what we are doing. The providence they are in has stop them from selling more unregistered shares. This is so clearly a P&D that its scarey they got by with it. But the reason people call these koolaid drinkers is that everyone seen that the Jim Jones cult was a cult And that these people were in harms way but those inside the cult couldn't see it. They thought they were being wronged and finally drank the koolaid and killed themselves to keep from having the cult tore apart. And thats why people call this a cult stock. And its scarey too to think these people think of themselves as investors.
Posted by Binky on :
[QUOTE]Originally posted by bill1352: [QB] legel if it was just a case of a wrong number i agree, shutting down would be wrong, but its not. its trading shares illegaly, why do you think saskatawan shut them down. ---------------------------------------
The Saskatchewan halt also had this clause in it....
5. The Respondents have, with the intention of effecting trades in the securities of CMKI and CMKM, made statements which they know or ought reasonably to know are misrepresentations, contrary to subsection 44(3.1) of the Act;
So they were also shut down for making false claims on their pr's it looks like.
Reg
Posted by legaleagle on :
bill, note that Melvin is named in the Sask complaint. Probably over some "Mt.St.Helens" comments or "feet tingling" standing on the kimberlite. Hardly an indictable offense, and who knows yet, maybe it will be a Mt. St Helens. You see, that's why we have trials.
Posted by legaleagle on :
Author Topic: E-Trade Red Flag? A Certificate Dance
particleswaves Diamondologist
member is offline
Posts: 359 E-Trade Red Flag? A Certificate Dance: « Thread started on: Apr 30th, 2005, 08:30am »
-------------------------------------------------------------------------------- A few days after Utah's Senator Bennett cited GLKC as a shorted poster child I made two modest purchases, one for 3500 shares through Ameritrade and the other for 3600 shares through Wells Fargo. I thought it might be interesting to prove a short position first hand by purchasing shares in a company that reportedly already had over 100% of it's shares sold (and "legally" documented). I was a little surprised that both buys filled within 10 minutes. Just after settlement date (three days later), I requested certificates from both brokers. The cert ordered through Ameritrade appeared in three weeks with an Ameritrade return address. The cert had a pasted on cusip number which prompted me to call the transfer agent to confirm authenticity. The TA checked his books, found my name in the proper place with the proper cert # and also shared the fact that the SEC had been in their office recently auditing the books re GLKC. As an aside, the young man I spoke with at the TA office (he was not the boss) was largely in the dark on the issue of failures to deliver so I directed him to a few salient web sites.
Getting the Wells Fargo cert however has become predictably (and almost amusingly) problematic. I found it interesting that Wells Fargo (at first) felt free to communicate in a forthright manner in their written responses to my emails. So, FWIW, following is a blow by blow account of the "GLKC Certificate Dance" with Wells Fargo and where the unfulfilled request stands as of now: that Wells Fargo would actually name E-Trade as the short broker/dealer is additional food for thought and a possible giant red flag, IMO.
----- Original Message ----- From: "Online Brokerage Customer Service" To: < Sent: Monday, April 18, 2005 1:56 PM Subject: Re : Your Wells Fargo Inquiry #7482-003312-9002\33129002
> > Dear Dennis Smith: > > Thank you for sending us your inquiry regarding a certificate for your > Global Links position. > > We are researching your request and will contact you directly as soon as > we have completed our investigation. Please allow us five business days to > complete our research. > > Meanwhile, if you have any questions, or would like additional assistance > with your account, please do not hesitate to call us anytime at > 1-800-TRADERS (1-800-872-3377).
It's been five days. What kind of "investigation" are you doing? It seems to me a rather simple request.
What's up?
Dennis Smith
************************************************************************ > Dear Dennis Smith: „« > Thank you for your patience. > > Your position is now available to trade. We were awaiting full delivery > of the shares from the transfer agent. Unfortunately, due to some unusual > circumstances, this took longer than we expected. We regret any > inconvenience this may have caused. > > If you have any questions, or would like additional assistance with your > account, please do not hesitate to call us anytime at 1-800-TRADERS > (1-800-872-3377). > > Thank you for your business and your continuing relationship with Wells > Fargo Investments. > > Sincerely, > > Wells Fargo Investments
Could you please tell me what the above message means? What exactly are the "unusual circumstances"?...I do indeed notice inexplicable (at least to me) entries regarding GLKC under my "history" and would appreciate a clear explanation. Also, what is meant by "your position is now available to trade? My understanding is that "my position" has been available for trade since settlement date and should have been continuing until the certificates (that I requested weeks ago) were mailed. Have you now in fact received the certificate(s)? Have they been mailed to me per my original request? If not, when may I expect them?
Thank you in advance for your reply enlightening me regarding all the above. Dennis Smith
**********************************************************************************8 Dear Dennis Smith:
We have re-requested the delivery of a certificate for your GLKC shares. However, we are still unable to ship a certificate for those shares at this time. Below is a brief explanation regarding this situation.
The broker/dealer from whom your shares were purchased is short 5,000,000 shares versus the street. A broker/dealer is allowed to sell shares which they do not own, which they will buy at a later date and deliver. Unfortunately, certificates cannot be issued on those shares until the shares are actually delivered to us.
We attempted to purchase shares into our house account from another broker/dealer in order to issue your certificate. However, the only broker/dealer offering shares of GLKC in the market is the one from whom we purchased the original shares.
The notations you are seeing in your account history are requests to issue your certificate when the shares are delivered to us from the other broker/dealer. Each day the request is being delayed pending the delivery of the shares to us.
While we are unable to issue a certificate for the position, you may trade the shares at any time.
If you have any questions, or would like additional assistance with your account, please do not hesitate to call us anytime at 1-800-TRADERS (1-800-872-3377).
Thank you for your business and your continuing relationship with Wells Fargo Investments.
Sincerely,
Wells Fargo Investments
Investment and Insurance Products: Are NOT Insured by the FDIC or any other government agency - Are NOT deposits of or guaranteed by the Bank or any Bank affiliate - May Lose Value
Thank you for both the information and for the promptness of response.
I'm a little new to all this but am nonetheless concerned about a broker/dealers apparent ability to "sell what they don't own" until a "later" date. Exactly how later is "later"? Is not a 5,000,000 short position cause for alarm? What happens if my shares are simply electronic counterfeits which are never covered (I believe in that instance they are called "naked shorts" or "failures to deliver") and for which no certificates will ever be available? What would be your position? Who is the subject "broker/dealer" from whom you acquired my "shares" and what is that dealer telling you about his apparent failure to deliver? As I understand it, a shareholder is entitled to physical certificates in every event, assuming the buy was legitimate.
There seems to be something rather suspect going on here and I'm wondering if WF (and by extension my wife and I) might be the victim of questionable trade practices by your market maker.
I am growing quite concerned about all of the above. Thank you in advance for your response addressing those concerns.
> Dear Dennis Smith: > > Thank you for your inquiry. > > The other broker/dealer who is short shares of your security is E*Trade. > Though this type of activity makes it difficult to issue physical > certificates, it is legal and within regulations. > > There is no definite date by which E*Trade would have to purchase the > shares. In many cases, a broker/dealer will sell shares they don't hold > hoping that the price will fall. If it does fall, the broker/dealer will > buy the shares at that time, and deliver those newly acquired shares, > making a profit. If the stock price continues to rise, the broker/dealer > will eventually buy the shares and deliver them to prevent any additional > losses. > > According to our trading desk, E*Trade was the only broker/dealer offering > shares of GLKC yesterday. This has been the case since you originally > requested your certificate. Anybody who has purchased this security in > that time period has likely purchased the shares from E*Trade. > > You are free to sell the shares anytime. When E*Trade acquires shares, > they would be delivered to the current owner. However, a certificate > cannot be issued until the shares are actually received. > > A vast majority of equity positions are held in street name. Very few > physical certificates are produced at this time. Client positions are > held electronically by brokerage firms. > > A physical certificate may be produced for most positions if the client > wishes to hold the certificate personally. In most cases, physical > certificates are discouraged. When shares are to be sold, the physical > certificate needs to be verified and then deposited in your account, where > it than then be sold. This frequently delays the sale. Shares held > electronically can be sold at any time, without delay, during market > hours. > > We apologize if this is confusing. Additional information is available at > the New York Stock Exchange Web site (www.nyse.com), the Nasdaq Web site > (www.nasdaq.com) the the US Securities and Exchange Commission > (www.sec.gov). > > If you have any questions, or would like additional assistance with your > account, please do not hesitate to call us anytime at 1-800-TRADERS > (1-800-872-3377). > > Thank you for your business and your continuing relationship with Wells > Fargo Investments. > > Sincerely, > > Wells Fargo Investments > > Investment and Insurance Products: > Are NOT Insured by the FDIC or any other government agency - Are NOT > deposits of or guaranteed by the Bank or any Bank affiliate - May Lose > Value
Dear Wells Fargo:
Thank you again for your prompt and informative response(s) to my concerns re difficulty in obtaining certificates for GLKC. While I appreciate the "education" this appears to be an extremely murky and suspect situation. I am left with the uneasy feeling that my GLKC shares are no more than electronic counterfeits if there are no company issued (or Transfer Agent issued) certificates to back them up.
You stated there is no definite date by which E-Trade has to purchase the "short" shares that they sold you and that in turn you sold me. How can this be "legal"? What is to prevent them from continuing to sell what they don't own while subsequently refusing to buy the shares back if there are no time constraints? Does this not onerously dilute the value of the legitimate, certificate backed shares if "short" or non-certificate backed shares are allowed to trade along side the true "long" shares? Again, I'm rather new to all this but it seems elementary that the more shares (legit or "short") there are in the trading pool, the less each individual share is worth. In your earlier correspondence you stated the broker/dealer (E-Trade) was some 5,000,000 shares "short" on GLKC which indicates they have been selling what they don't own to a lot of people for a long time. The SEC appears conflicted (and toothless) on this issue so where's the incentive to cover? Collecting money for repeatedly (and blatantly) selling something you don't own does not sound "legal" to me at all. How can this be?
You also indicated that physical certificates were "discouraged" in favor of electronic entries to be held in "street name". Discouraged by whom? I would imagine that the "discouragement" is coming from the very people who sell short with no intention of covering and/or those who have apparently found out how easy it is to counterfeit electronic shares through the DTC's stock borrow program. My research on the DTC reveals that they (at lest so far) refuse to open their books, even though I understand they are a private and for profit entity. Please correct me if I am wrong.
My bottom line is this. I demand the physical GLKC certificate(s) representing the shares I purchased. I do not intend to sell any time soon and intend to sequester the certificate(s) alongside certain other stock certificates that I retain for safe keeping and proof of ownership. I do not accept what appear to be bogus "electronic entries", particularly in light of what you have told me about E-Trade being egregiously short on this particular stock (and who knows how many others). You say E-Trade refuses or is unable to supply the certificate at this time but at some undetermined point down the road when and if the price changes and when and if it is in E-Trade's perceived advantage they perhaps may deign to cover their short(s) and deliver the certificate (receipt) for what they "sold". That is simply unacceptable. In any event, I did not buy from E-Trade; I bought from Wells Fargo. Additionally, your disclaimer of any insurance or guarantee does nothing to inspire confidence in the legitimacy of my purchase.
I dislike having to be "cheeky" or "in your face" about this, but I reject the electronic entry and again demand physical proof of my purchase in certificate form. It appears that both you and I are being taken for an unwelcome ride; what say you?
Thank you in advance for your attention to this matter.
We have received your request for physical certificates. As soon as we are able to order a physical certificate for you, we will do so.
To trade shares in physical certificate form through a brokerage account, the certificates must be delivered to the brokerage firm, verified and deposited. This frequently delays trading the shares by a number of days. In addition, physical certificates can be misplaced, and replacement can by a lengthy process and involve some replacement cost. Finally, if a merger or other corporate reorganization occurs, physical certificates may have to be delivered to the transfer agent, and a new certificate issued. Certificates often surface years after a company has merged, or had repeated reorganizations, and then must be researched and replaced. For these reasons, most brokerage firms discourage the production of physical certificates.
If you would like additional information regarding how trading occurs on the nasdaq and on stock exchanges, please visit the New York Stock Exchange Web site (www.nyse.com), the Nasdaq Web site (www.nasdaq.com) the the US Securities and Exchange Commission Web site (www.sec.gov).
We are unable to provide regulatory details via email.
If you have any questions, or would like additional assistance with your account, please do not hesitate to call us anytime at 1-800-TRADERS (1-800-872-3377).
Thank you for your business and your continuing relationship with Wells Fargo Investments.
Sincerely,
Wells Fargo Investments
Investment and Insurance Products: Are NOT Insured by the FDIC or any other government agency - Are NOT deposits of or guaranteed by the Bank or any Bank affiliate - May Lose Value
So, the above rather clipped message from WF was just received Fri after the close and as you will notice the tone and tenor has changed from “we’re trying to do something” to “screw you”.
Those who use E-Trade may find all this of particular interest; additionally it appears that E-Trade is one of the few broker/dealers still allowing CMKX buys (at five decimals). Not sure what conclusions (if any) can be drawn but one possible scenario may be that E-Trade will be the designated naked short patsy for all shorted stocks, take the hit for all their cohorts and simply declare BK. All the money the E-Trade principals have made from what may be illegal shorting activity could be safely stashed out of the country by now. I hasten to add I am not unequivocally stating this "scenario" as fact; the BK patsy idea is only a "possibility" surfacing in my own belabored thought process, a process that could be totally off-base and/or unduly paranoid. Or not. In any event all is in my opinion and in my experience only and offered simply as grist for the mill.
Posted by legaleagle on :
buzzard120 01 May 2005, 02:43 PM EDT Msg. 204880 of 204907 Jump to msg. # Interesting share count.......
from another board!
UC/insiders 51%+USCA 16.9%+JV's 20% = 87.9%
703,000,000,000 o/s -358,530,000,000 Urban and family -118,807,000,000 USCA -140,600,000,000 JVs ___________________
85,063,000,000
Uh-oh.........someone in deep chit!!!!
buzz
Posted by Ric on :
Impossible, All UC's USCA and JV's have to be registered by law because they own more then 5% so according to the release from CMKX those numbers can't be true. Beside since it was never told what UC owns and whether USCA or other JV's sold there share on the market no one knows. Your post are getting more and more full of it. Other peoples posts with no facts to back them up with. Matter of fact one of the allegations was that UC was giving shares to others to sell on the market so he wasn't caught selling so many shares.
IF WE WANTED TO READ OTHER BOARD KOOLAID DRINKERS WE WOULD GO THERE.
Posted by Highwaychild on :
I thought you was going to the race ric, where's the scoop?
Who knows,maybe 4 people from USCA have the 16.9% stated above, to stay under the 5% (show your cards) limit you keep talking about.
Just for arguments sake,R.W. could have 4.999%, so and so could have 4.999%, what's his name could have 4.999%,and whoever could have 1.903% We don't know who has what yet.
Posted by Ric on :
Went down for a few minutes but been sick so didn't stay long. Went by tent, no UC and they didn't say anything that was useful.
Posted by Ric on :
Well, It just as easy to say yes they were given shares and sold them for the good life in Las Vegas and the race track. Matter of fact one of the allegations is they did give everyone in there bother shares to sell out the backdoor.
Posted by Upside on :
You know, the weekend really does afford everyone time to step away from the market as a whole and CMKX in particular and take a look at things without having your judgement clouded by a bunch of ridiculous posts on both sides of the argument. I don't know how many here invest in anything other than the pennies but my god, step back and really take a look at this company (and I use that term loosely). On any other market, this would be the biggest running joke ever to hit the boards and would have had its doors shut long ago.
Can't those that believe in this stock see what's happening here? They are going to be shut down and you are being played by Urban and co. once again. Guess who's going to come out looking like the bad guy here? Not Urban or any of his cohorts who have done all the wrongs, but the SEC who finally decided to put an end to it. Urban is going to wind up being a martyr while the wrath of the longs will be mistakenly directed at the SEC. They'll claim that the SEC covered up the truth and wouldn't let the naked short position come out because it would cripple the markets as a whole. It's just not true.
CMKX is a tiny criminal company that masterminded a scheme to steal peoples money and to their credit, they were good at it, it worked. And now, the biggest thief of them all is going to walk away scot-free. Sure they might be fined and they will be shut down but that is exactly what Urban wants, "fine me and shut me down, I'll pay the fine and you'll never here from me again." He'll retire a rich man in his gated community and enjoy himself for the rest of his days.
Posted by bill1352 on :
well said upside...i'm hoping in all this at least some of the truth comes out. like the share structure. if the truth becomes know & the float is almost the same as the o/s maybe at least a few of the cult will snap back into reality. nobody likes to be played for the fool. almost everyone has been played at 1 time or another & its very hard to admit it happened but the cmkx cult takes it to a new level.
i have a question for you Legel. i'd like 1 honest answer. if the float is close to 650 billion will you accept that the cmkx stock you own is next to worthless? will you start to understand that it doesn't matter what is found or how n/s cmkx might be there is no real hope of any pps increase?
Posted by bond006 on :
UPDATE
Greetings Group,
I would like to report on my meetings in Las Vegas last week. I met with Don Stoecklein and others in his office. Don is representing CMKM Diamonds, Inc. in the SEC proceeding. I had the pleasure of meeting Urban Casavant, Carolyn Casavant, Ron Casavant, Mike Williams, and Ed Dhonau. Anthony Demint, with Mr. Stoecklein’s office, was present during most of the meetings. There were other individuals present at different times during the day. Mr. Maheu was out of town and unavailable.
Don Stoecklein is spending long hours preparing for the hearing and guiding the work being done to have the proper financials filed. We have reviewed over 1200 pages of documents which were contained in the SEC’s administrative file. Witness lists and exhibit lists have been exchanged. We mutually agreed upon the terms of a confidentiality agreement. There is certain information which could only be disclosed to me with this confidentiality agreement in place. This was discussed prior to my visit to Las Vegas and was not unexpected. I must be privy to certain information to be able to be an effective advocate for our shareholders.
The company is (and has been) concerned about possible naked shorting of company stock. A plan for assessing the naked short position has been discussed. I cannot go into detail about the plan at this point. I can confirm that actions are contemplated which will identify the naked short position which may exist. We will be continuing this investigation as we prepare for the 12(j) hearing. I share any frustration you may have in my inability to disclose to you more specifically our plan at this point. I am trusting that as investors and business people you can understand why I might not be able to lay out in detail how we plan to document any abuses that may have occurred in this stock. I am convinced there are certain people dedicated to seeing this company fail. Some are members of your boards and pose as friends. They have even joined this group and call and email with innocent questions to see our progress. It would not be helpful to you as shareholders to disclose certain things to these people through this forum.
Questions about the float will be answered as we gather information in this investigation.
I have received requests for reserved seating at the hearing and I simply do not have any control over the seating problem.
We again ask for patience if you get this information from some source other than your chosen email. We have switched to a dedicated server that will allow us to handle a virtual unlimited number of emails.
The numbers of our group were discussed on several occasions during our meetings. There was discussion concerning some other companies that are currently battling the naked short issue. It was pointed out to me that we had one thing the other companies do not have-an educated and organized shareholder group. Of course I knew that but I was proud for you folks when I heard others make that comment. Our recent verified numbers are 1,948 shareholders owning 152 billion shares. I look forward to a visit with you on Wednesday or Thursday.
Bill Frizzell
P.S. Many of you will enjoy viewing the witness/exhibit lists which
have been posted on the group’s website.
sorry guys i miss read the article it said our boards cmkx board of directors. i will post the article in the future so you can see it your self
Posted by will on :
Didn't I see the above pigslop a couple of days ago? Bluesky and eyewash.
Posted by bill1352 on :
thanks bond...we did see that 1. legel as it wired into his beepers so that any time of day he gets the news...lol just not real sure he would post anything negitive even if its from frizzy.
Posted by Ric on :
If the company issues shares then who ever was issued shares are on the shareholders list. Also the CEO or any officer must have there shares registered because of insiders rules. As far as relatives and friends unless they bought them on a online or broker account which I don't think they would then UC gave them the shares and they would be part of the share holders list. You people can dream al you want but none of these people own shares that weren't given to them. Also everyone of these longs that got there cert. were on the list as well as the paid pumpers shares. By the way you can't vote unless your name is on the shareholders list.
"Street name" refers to shares held in a person's/entity's brokerage or other trading account. The majority of these shares are typically shown on stockholder lists as being held in CEDE & CO. The Company is not aware of how many stockholders have shares held in "street name", but the Company's stockholder list as of March 4, 2005 had 407,321,106,308 shares held in CEDE & CO."
Posted by Upside on :
quote: I am convinced there are certain people dedicated to seeing this company fail. Some are members of your boards and pose as friends.
Upside, Will, Bill, Wallace, Ed, Ric, Doc, and probably Dwman too. He's a crafty one!
Posted by will on :
More evil forces at work! More bluesky and eyewash!
Posted by legaleagle on :
quote:Originally posted by Upside:
quote: I am convinced there are certain people dedicated to seeing this company fail. Some are members of your boards and pose as friends.
Upside, Will, Bill, Wallace, Ed, Ric, Doc, and probably Dwman too. He's a crafty one!
Hey Up, I really don't think you are dedicated to seeing this stock fail, and I know Don isn't. But here is the situation as I see it. No one knows the float, and that is one key to whether this company is a scam or not. The other major key is valuation. That's another thing that no one outside of the company knows for sure. Without those two pieces of evidence, neither you, nor I can say one way or the other whether this company is a scam or one of the next big blue chips. So in lieu of proper evidence, many of the longs fail to see why anyone would attack a company without any proof. Without that evidence, I have seen Urban criminally libeled, over and over, right here on this board. It is a senseless, and criminal thing to do. Yet it is poured out here incessantly, and all without the final proofs to make an informed decision, one way or the other.
If I fault Urban and Co. for anything, it is their failure to make those proofs public, but at the same time I can see a need for corporate secrecy until the time is right. So we all know those proofs will be coming out soon, due to the investigation and hearing, so what is the hurry to string up this guy. If the SEC thought he was as dangerous as some are saying, they would have shut him down during the UCAD/USCA investigation. Or if their evidence was strong of any serious improprieties, you wouldn't be able to buy any more, now.
Posted by legaleagle on :
quote:Originally posted by Ric: Impossible, All UC's USCA and JV's have to be registered by law because they own more then 5% so according to the release from CMKX those numbers can't be true. Beside since it was never told what UC owns and whether USCA or other JV's sold there share on the market no one knows. Your post are getting more and more full of it. Other peoples posts with no facts to back them up with. Matter of fact one of the allegations was that UC was giving shares to others to sell on the market so he wasn't caught selling so many shares.
IF WE WANTED TO READ OTHER BOARD KOOLAID DRINKERS WE WOULD GO THERE.
Ric, I am really glad you brought up that last sentence. Yes, I bring posts here from other boards that contain items of interest. It saves a lot of time rewriting the information to copy and paste. And since you were rude enough to post something like that in the first place, let me be very frank and say that I really don't care what you WANT.
Now for part two. Please let me challenge you to find anything negative from any other board about CMKX, if you can, and bring it here as well. Or are the only people who are negative on this stock, the six or seven that have gathered here?
Posted by Ric on :
I can tell you one thing for a fact Legal, either item 1 or item 2 isn't a true statement and since CMKX filed item 1 with the SEC then I would guess item 2 is false and it was too easy to prove. Thats my point about posting those posts that are not fact. Why repost lies?
Secondly, Either USCA and JV's sold there share or UC doesn't own a majority. There filing proved that from item 1.
item 1
"Street name" refers to shares held in a person's/entity's brokerage or other trading account. The majority of these shares are typically shown on stockholder lists as being held in CEDE & CO. The Company is not aware of how many stockholders have shares held in "street name", but the Company's stockholder list as of March 4, 2005 had 407,321,106,308 shares held in CEDE & CO."
item 2
from another board!
UC/insiders 51%+USCA 16.9%+JV's 20% = 87.9%
703,000,000,000 o/s -358,530,000,000 Urban and family -118,807,000,000 USCA -140,600,000,000 JVs ___________________
85,063,000,000
Posted by legaleagle on :
Ric, did you know that CMKX owns USCA? Find out who financed USCA at it's inception.
Posted by Ric on :
Yes I do, but still doesn't matter when looking at the numbers that were given. Just saying that 703 billion isn't what the insiders and UC can eat up since the 407 billion number was given by them. All those shares can only be part of that number (UC, USCA, JV's). Plus all the cert holders, Green Baron shares and any other of our shares that UC gave away. What I can tell you for a 99% guess is float is over 397 billion since certs holders and pumpers are still part of float. Because there is no way you can tell me that UC has street shares he doesn't know he owns. The 407 billion was from stockholders list (known stockholders). And I think UC knows what he owns, cert or otherwise.
Usually a company has a lot of the shareholders names. Looking at the number I think its proven impossible that UC owns a majority of shares in the company. You may say he has a lot by way of other companies, USCA and family, but personally it looks impossible.
Posted by legaleagle on :
I'm sure UC knows how many he owns in certs and street shares, as well as how many every one of those many family members owns.
Posted by Ric on :
To me the stockholders group would have to prove over 397 billion non cert holders to absolutely prove NSS. But remember even if there is 50,000 shareholders if 40,000 only average 2 million shares each thats only 80 billion shares. I still think the shareholders with the most shares signed up first for the agreement, maybe a few small holders, but mainly the larger ones. So thats knocks out tons of that 50,000 right there and barely moves the share count.
40,000 avg 2 mil = 80 billion 10,000 avg 5 mil = 50 billion total from group guess 2000 are non cert holders = 180 billion
total 320 billion which leaves 78 billion for some high rollers that still hasn't signed up.
No NSS proof there. It actually adds up pretty good.
[ May 02, 2005, 01:17: Message edited by: Ric ]
Posted by ed19363 on :
quote:Originally posted by Upside:
quote: I am convinced there are certain people dedicated to seeing this company fail. Some are members of your boards and pose as friends.
Upside, Will, Bill, Wallace, Ed, Ric, Doc, and probably Dwman too. He's a crafty one!
IMO, it is quite different wanting to see a company fail, versus receiving information needed to make decisions regarding the company. I, for one, would love to see the company succeed, as my fortune would increase dramatically. That being said, I would still like to see CMKX file something in their defense that would make me feel better about the company. If my remarks here are interpreted as bashing, I apologize. I consider myself to be bashing not the company itself, but it's methods of disseminating information that was promised long ago. Even if CMKX is on the up and up, their tactics make it APPEAR to be a scam. All they have to do to make me happy is quit beating around the bush and release the numbers that every investor has the right to receive in return for investing money in any company.
Posted by Upside on :
Looks like Ed's resigning from the Fellowship of the Merry Men.
Posted by legaleagle on :
SGGM -- St. George Metals, Inc. Com (1 Cent)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
St. George Metals, Inc., Announces Signing of Letter of Intent to Merge Nevada Vermiculite Into SGGM, Bringing Over $30 Million of Assets Into the Company
LAS VEGAS, May 2, 2005 /PRNewswire-FirstCall via COMTEX/ -- St. George Metals (Pink Sheets: SGGM), announces Letter of Intent to merge with Nevada Vermiculite, LLC, a vermiculite mining company based out of Montana. William Haseltine, President of SGGM, stated, "This Letter of Intent with Nevada Vermiculite potentially adds tremendous value for our shareholders. We are pleased to begin a mutual due diligence period with Nevada Vermiculite, and we intend to finalize this transaction within 30 days. This transaction will bring in over $30M in recoverable assets through the Hamilton mining operations in Montana. These assets and production capabilities have the ability to produce the highly sought after Vermiculite mineral. Within the U.S., there are currently only two mines in South Carolina and one in Virginia that produce this highly useful mineral, and the demand is increasing due to the limited amount that currently can be imported into the U.S."
Bill Blomgren, Manager of Nevada Vermiculite, added, "We have been looking for the right partner for our company and shareholders for several years and are pleased that we have a working partner that can help us mine this very lucrative opportunity. We have many assets that we can bring to the table, and offer this partnership the ability to mine an up-and-coming mineral that has numerous uses."
Nevada Vermiculite Information:
Nevada Vermiculite's business focuses upon a niche in the industrial mineral industry. Nevada Vermiculite's management has defined this niche as those industrial minerals with an annual worldwide production or consumption of less than 2.5 million tons. This level of activity fails to attract major industrial mining companies, and, partly as a consequence, enjoys very high margins of profitability between the sales price of the product and the cost of producing the product.
Nevada Vermiculite's assets are located on 96 unpatented lode and mill site mining claims. The claims cover some 1,750 acres and are 10 air miles due east of Hamilton, Montana on the western flank of Skalkaho Mountain. Access to the property and shipment of processed vermiculite is via an all-weather road, 26 miles to Victor Crossing, Montana, where an office and loading area is located next to a line of the Montana Rail Link Railroad. The claims are situated at elevations around 7,000 feet above sea level within the Bitterroot National Forest near the crest of the south end of the Sapphire Mountains. Necessary environmental and operating permits will be secured through appropriate State and Federal government agencies.
Forward-Looking Statements:
Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
SOURCE St. George Metals, Inc.
CONTACT: William Haseltine of St. George Metals, +1-703-276-1919
Copyright (C) 2005 PR Newswire. All rights reserved.
-0-
KEYWORD: Nevada Montana INDUSTRY KEYWORD: MNG OTC SUBJECT CODE: TNM
Posted by ed19363 on :
quote:Originally posted by Upside: Looks like Ed's resigning from the Fellowship of the Merry Men.
I was never a member that I know of. I have been harping on getting info for two years now, but I still hold a substantial amount of shares. Just getting tired of IMO, I think, similar quotes, long posts about JV companies that dont mean squat without word from CMKX. Hell, half of us dont really know what we hold, what with the restrictions, investing in other companies, etc. We have needed a filing for so long now, that our initial objective is getting buried in mountains of Bull****. Lawyers, SEC, DTC, everything but what we need. This is NOT what I bought when I invested in CMKI years ago.
Posted by ed19363 on :
Pardon my whining....I'm just sick of the whole shebang.
Posted by legaleagle on :
Word on the street is, Eagletech just got handed 49,000 pages of DTCC documents from NY Supreme Ct. order.
Posted by legaleagle on :
May 2, 2005 (FinancialWire) Companies on the U.S. Securities and Exchange Commission Regulation SHO Threshold list can cry and scream all they want, but in terms of downside volatility, they ain’t seen nothing yet according to General Electric’s (NYSE: GE) CNBC commentator and TheStreet.com (NASDAQ: TSCM) founder Jim Cramer, as the Uptick Rule comes to a crashing end today.
Among companies at the head of the class have been Novastar Financial (NYSE: NFI) and Martha Stewart Living Omnimedia (NYSE: MSO).
In a RealMoney.com column, Cramer called the suspension of the Uptick Rule the “Hedge Fund Relief Act.”
One of the key hedge funds reputedly shorting upwards of one-third of the Threshold firms on the New York Stock Exchange as well as one-fifth of the NASDAQ list is Rocker Partners, LLC, and Helmsman Holdings, both reputedly headed by David Rocker. Companies alleged to be short by Rocker are posted at http://www.webspawner.com/users/rockerscam/index.html
“Because they won't have to wait for an uptick in order to short, hedge funds will do so with reckless abandon. Expect to see companies that mess up taken down harder and faster and more short squeezes. Get ready to see more volatility, i.e., downside action,” warned Cramer.
“You probably aren't even aware of it. Most people don't even seem to think it is important. It's a two inch story at the bottom of page C-4 of The Wall Street Journal,” Cramer noted. “How fitting, though; just like a two-inch block of C4, the plastic explosive, this little note could take the market to kingdom come if used incorrectly. And it will be.
“Here's the deal. Right now, when a company reports a bad quarter and you aren't long it, you have to wait to short until you get an uptick, or you can go into the put market and get a dealer to make a market in puts for you. He has to lay off his short himself, so it really doesn't matter; you can't get a good price and it is cumbersome.
“So, often you just give up. Oh, Molson (NYSE: TAP) reported a bad quarter, eh? Well, I can't get an uptick, no one will pay me a higher price for it and the put market's too illiquid, so on to the next.
“Not anymore,” said Cramer. Starting today, “hedge funds can sell shares short just like they sell them long: with reckless abandon. You could see some real nasty things happen to companies that mess up. You will see them banged down harder and faster than you would ever believe.
“The corollary is true, too, though. You will see some real squeezes upward because people will be much more reckless in what they short and when.
“This rule change, of course, couldn't come at a worse time. The market's terrible. Longs are beleaguered, shorts are emboldened. I think it is fair to say that things are about to get a lot worse, a lot faster for the stocks of bad companies without the slowdown circuit breaker of the uptick rule. But the SEC, in its non-infinite wisdom, dreamed this little doozy up and all I can tell you is that you ain't seen nothing yet.”
Cramer said this rule is “enough to make me want to get back into the hedge fund game. This new rule would have been a license for me to print money on the short side. Not that the SEC would know that kind of stuff, though. It's too busy worrying about the small stuff.
“Get ready for some real volatility, which, of course, is just a code word for downside action!”
Adding to the “Hedge Fund Relief Act” is the fact that those using illegal naked short selling in the past have been granted a kind of amnesty for acts before the first of 2005. The SEC just “grandfathered” those illegally-begotten gains and resultant counterfeit shares into the system, so these windfall gains are now available to downtick with reckless abandon on downticks.
In the same document, the SEC has inexplicably stated that not all forms of illegal naked short selling, the equivalent of counterfeiting shares in public companies, are actually “illegal.”
The DTCC actions in the StockGate mire are the most serious, if not notorious since the agent of two SROs, the New York Stock Exchange and NASD is also peopled by some 21 directors whose companies, such as Merrill Lynch & Co. (NYSE: MER), State Street Corporation (NYSE: STT) and Goldman Sachs (NYSE: GS), are unlikely to support the DTCC in what attorney Marshal Shichtman, Esq., has termed “strong-arm” tactics.
The DTCC has admitted it has engaged in an act of censorship of this newsletter in squelching its redistribution by Investors Business Daily, and via Investors Business Daily, to Yahoo Finance, a portal owned by Yahoo! (NASDAQ: YHOO), and it is a suspect in the sudden and so far unexplained “postponement” of a widely anticipated expose by Dateline NBC.
In a wide-ranging letter to the DTCC, Robert J. Shapiro has charged statements made by Larry Thompson, DTCC Deputy General Counsel, were “inaccurate or misleading,” and asked the DTCC to correct the record and respond to his comments and questions.
Shapiro is chair of Sonecon LLC, a private economic advisory firm in Washington, D.C., who served as U.S. Under Secretary of Commerce for Economic Affairs from 1998 to 2001, Vice President and co-founder of the Progressive Policy Institute from 1989 to 1998, and principal economic advisor to Governor William J. Clinton in the 1991-1992 presidential campaign.
He holds a Ph.D. from Harvard University and has been a Fellow of the National Bureau of Economic Research, Harvard University, and the Brookings Institution.
Shapiro currently provides economic analysis to the law firms of O’Quinn, Laminack and Pirtle, Christian, Smith and Jewell, and Heard, Robins, Cloud, Lubel and Greenwood, on issues associated with naked short sales, which he noted includes “matters raised in an interview published by @DTCC with DTCC deputy general counsel Larry Thompson.”
He asserts the following in his letter:
Thompson begins by asserting that “the extent to which [naked short selling] occurs is in dispute.” While this statement may be narrowly correct, objective academic analysis has established that naked short selling has been a widespread practice and one which, when allowed to persist, can pose a threat to the integrity of equity markets. A recent study by Dr. Leslie Boni, then a visiting financial economist at the SEC, analyzed NSCC data and found that on three random days, an average of more than 700 listed stocks had failures-to-deliver of 60 million-to-120 million shares sold short – naked shorts – that had persisted for at least two months. In addition, over 800 unlisted stocks on any day had fails of 120 million-to-180 million shares sold short that also had persisted for at least two months. The total number of naked shorts, including those that had persisted for less than two months, was presumably considerably greater.
Regarding the extent of naked shorts, Thompson has provided closely-related additional information: “fails to deliver and receive amount to about $6 billion daily…including both new fails and aged fails.” Thompson minimizes this total by comparing it to “just under $400 billion in trades (emphasis added) processed daily by NSCC, or about 1.5% of the dollar volume.” By most people’s standards, a problem involving hundreds of millions of shares valued at $6 billion every day is a very large problem. Moreover, the $6 billion total substantially underestimates the actual value of all failed-to-deliver trades measured when the trades actually occurred. Most of the $6 billion total represents uncovered or naked short sales, many of which have gone undelivered for weeks or months with their market price being marked-to-market every day. As a stock’s price falls, the market price of naked shorts in that stock also declines, reducing the total value of the outstanding failures-to-deliver cited by Thompson.
In other respects, Thompson’s comparison to the “$400 billion in trades processed daily by NSCC” seems disingenuous and misleading, because that $400 billion total covers not only U.S. equity trades which can involve most of the failures-to-deliver at issue, but many other transactions also processed by the NSCC. The value of all equity transactions on U.S. markets in 2004, for example, averaged $82.3 billion/day. If Thompson is correct that the daily value of fails-to-deliver averages $6 billion, that total is equivalent to 7.2 percent of average daily equity trades or nearly five times the 1.5 percent level suggested by Thompson. Furthermore, the DTCC reports on its website that on a peak day, “through its Continuous Net Settlement (CNS) system, NSCC eliminated the need to settle 96 percent of total obligations.” Assuming that CNS nets out the same proportion of trades on other days, $384 billion of the $400 billion in daily trades cited by Thompson are netted out, leaving only $16 billion in daily trades that require the actual delivery of securities. The $6 billion of fails-to-deliver securities existing on any day are equivalent to 37.5 percent of the average daily trades that require the delivery of securities, or 25 times the 1.5 percent level cited by Thompson.
Thompson tries to explain the large numbers of shares that go undelivered – in most cases arising from naked short sales -- by citing problems with paper certificates, inevitable human error, and the legitimate operations of market makers. This also seems misleading or disingenuous. Regarding problems with paper certificates, the DTCC estimates that 97 percent of all stock certificates are now kept in electronic form. Nor can human error or legitimate market-making operations explain the high levels of failures-to-deliver that persist for months – on any day, an average of 180 million-to-300 million shares have gone undelivered for two months or longer – as documented by Dr. Boni’s analysis of NSCC data.
Thompson also disparages the attorneys who represent companies that have been damaged or destroyed by massive naked short sales, and their shareholders, by claiming falsely that the cases in this matter have almost all been dismissed or withdrawn. The legal firms that I advise -- O’Quinn, Petrie and Laminack; Christian, Smith and Jewell; and Heard, Robins, Cloud, Lubel and Greenwood – have not lost any motions against the DTCC or its affiliates and currently have one case against the DTCC pending in Nevada and another case against the DTCC pending in Arkansas. In addition, on February 24, 2005, these attorneys were granted an order by the New York Supreme Court ordering the DTCC to produce trading records involving two companies they represent, including records from the Stock Borrow program, which may establish whether large-scale naked short sales were used to manipulate and drive down the stock price of those two companies.
Thompson also asserts that the plaintiffs suing the DTCC for damages associated with the handling of naked short sales rely on “theories [that] are not an accurate reflection of how the capital market system actually works.” This assertion is inaccurate. There is no dispute about how the capital markets work -- nor any doubt that naked short sales have been used to manipulate and drive down the price of stocks, as seen in numerous death-spiral financing cases. The issue here is the DTCC’s role in allowing or facilitating such stock manipulation through its treatment of extended naked short sales.
In explaining the DTCC’s role in these matters, Thompson rejects the claim that the NSCC’s Stock Borrow program allows the same shares to be lent over and over again, potentially creating more shares than actually exist or “phantom” shares. By Thompson’s own account, shares borrowed by the NSCC to settle naked short sales are deducted from the lending member’s DTC account and credited to the DTC account of the member to whom the shares have been sold. Therefore, those same shares become available to be re-borrowed to settle another naked short sale and, if that happens, to be re-borrowed again and again to settle a succession of naked short sales. Throughout this process, the actual short sellers may continue to fail-to-deliver the shares to cover their shorts and, as Dr. Boni’s analysis of NSCC data found, the underlying failure can age for months or even years. The process which Thompson describes is one in which shares can be borrowed and lent over and over again, introducing more shares into the market than are legally registered and issued. If any ambiguity remains, Thompson can clarify it by responding to the following query: Once a share that has been borrowed through the NSCC Stock Borrow program is delivered to the purchaser, is that share restricted in any way so it cannot be lent again?
It is important to note that the Stock Borrow program is used when continuous net settlement cannot locate the shares to settle. As a consequence, Stock Borrow is usually called into play when there are relatively few shares available for borrowing. These are propitious conditions for market manipulation: Unscrupulous short sellers undertake large-scale naked short sales involving stocks for which few shares are available for trading and lending, relying on the Stock Borrow program to borrow the limited available shares, again and again, at sufficient levels to drive down the market price of the shares.
Thompson notes that of approximately $6 billion in outstanding failures-to-deliver existing on any day, “the Stock Borrow program is able to resolve about $1.1 billion … or about 20% [18 percent] of the total fail obligation.” In this statement, Thompson raises very serious questions about the integrity and operations of the NSCC and DTCC, which he can clarify by responding to the following queries: If the Stock Borrow program “resolves” only 18 percent of total fails, what is the disposition of the remaining 82 percent of outstanding fails? When failures-to-deliver occur that are not resolved through Stock Borrow, does the NSCC credit the undelivered shares to the member representing the buyer, creating genuine “phantom shares”? Finally, how many shares do the borrowing brokers, clearing firms and other participants in the Stock Borrow program owe the NSCC on a typical day, and what is their total value?
In a related matter, Thompson tries to distance the DTCC from charges that shares held in restricted accounts – for example, cash accounts, retirement accounts and many institutional accounts – are improperly lent through the Stock Borrow program by claiming that responsibility for segregating restricted shares from lendable shares falls to the “broker and bank members” of the DTCC, while responsibility for monitoring or regulating their performance in this matter falls to the stock exchanges and the SEC. As a trust company, the DTCC cannot hold that it has no role, duty or responsibility to ensure the probity of its operations. Thompson could address this issue by responding to the following queries: What procedures does the NSCC have to ensure that shares held in members’ accounts for possible loan through the NSCC Stock Borrow program are unencumbered by regulatory or legal restrictions from being pledged or assigned and eligible to be borrowed? On any given day, how many participants in the Stock Borrow program have lent shares that exceed their lendable shares, in what numbers and of what value?
Thompson also tries to distance the DTCC as far as possible from the naked short selling that generates most of the extended failures-to-deliver: “We don’t have any power or legal authority to regulate or stop short selling, naked or otherwise. We also have no power to force member firms to close out or resolve fails to deliver … we don’t even see whether a sale is short or not.” In fact, the DTCC chooses to not distinguish short sales from long sales, chooses to not regulate or stop extended naked short sales, and chooses to not force member firms to resolve protracted naked short sales.
First, Regulation SHO requires that all transactions be clearly marked short or long. If the DTCC and NSCC do not know whether sales are short or long as Thompson contends, they choose to not know. Second, the NSCC has a clear responsibility and adequate means to stop naked short sales of extended duration, with no legal barrier that would prevent them from so doing. As a trust company with an acknowledged duty to provide investors certainty in the settlement and clearance of equity transactions, the DTCC chose to carry out that duty by assuming the role of counterparty to both sides of every equity transaction, through the operations of the NSCC’s CNS system and the Stock Borrow program. By allowing short sellers to fail-to-deliver shares for months or even years, the NSCC clearly fails to provide certainty in settlement to the buyers, sellers and issuers of securities. Since it is widely known that extended naked short sales have been used to manipulate stock prices in cases of death-spiral financing, and the NSCC created the Stock Borrow program to address failures-to-deliver that prominently include naked short sales, the NSCC and DTCC share a responsibility with the SEC and the stock exchanges to protect investors by resolving extended fails.
Third, the DTCC and NSCC have the clear capacity to force member firms to resolve the extended failures-to-deliver of their customers by purchasing shares on the open market and deducting the cost from the member’s account. A 2003 study by Dr. Richard Evans and others provides evidence that forced buy-ins by any party occur very rarely. They found that a major options market maker who failed to deliver all or a portion of shares sold in 69,063 transactions in 1998-1999 was bought-in only 86 times or barely one-tenth of 1 percent of the fails. Thompson can clarify investors’ understanding of their operations by responding to the following query: What proportion of shares that are persistent fails-to-deliver, of one month or longer, are ever bought in?
Thompson acknowledges that the DTCC and NSCC know precisely how many failures-to-deliver exist for each stock and the precise duration of each of these fails. Yet, the DTCC refuses to disclose this information even to the issuer of the stock in question, which Thompson justifies by citing “NSCC rules” prohibiting such a release of data based on “the obvious reason that the trading data we receive could be used to manipulate the market, as well as reveal trading patterns of individual firms.” This response is both disingenuous and revealing. We know now, for the first time, that the DTCC has full knowledge of the extent of protracted, large-scale naked short sales in all particular cases. We also know now that the DTCC has had this information for at least a decade, since Thompson also notes that “fails, as a percentage of total trading, hasn’t changed in the last 10 years.” Yet, based on the DTCC’s own rules, it allowed these abuses to persist and fester. The DTCC and NSCC can change their rules at any time. Moreover, in this case, those rules are unjustified. Data documenting outstanding short sales in each stock are currently issued publicly, so further data on how many of those short sales are naked would not reveal additional information about the trading patterns of individual firms or in any way empower manipulators. In fact, the DTCC could substantially disarm manipulators by both publicly reporting naked short sales in each issue and pledging to force buy-ins of all naked short sales that persist for more than a limited period.
Surely, if large-scale, extended naked short sales have effectively created “phantom” shares, companies have a responsibility to their shareholders and the right to secure this information from the organization which manages the settlement of short sales. At a minimum, the DTCC should respond to requests by issuers for data on extended failures-to-deliver in their own stocks, both in the past and currently, so they can take steps to resist stock manipulators or bring them to account for past manipulation.
Thompson also claims that the DTCC did not create or manage the Stock Borrow program to serve its own financial interest, insisting that the service generates less than $2 million a year in direct fees to the DTCC and that all DTCC services are priced on a “not for profit” basis that seeks to match revenues with expenses. Without further information, these responses beg the question of whose private financial interest has been served by the Stock Borrow program, especially as the DTCC is owned by the stock markets, clearinghouses, brokerage and banking institutions that use its services. Thompson and the DTCC can clarify this serious matter by responding to the following queries: Do DTCC participant/owners receive interest or other payments through or from the Stock Borrow program for lending the shares of their customers and, if so, how much have they received for these activities over the last 10 years? Further, do DTCC participant/owners receive any dividend, interest or other payments or distributions from the DTCC or its subsidiaries?, Shapiro concluded.
In a recent editorial, Investrend Information head Gayle Essary questioned whether the board and principal shareholders would “be party to shenanigans that lead to the censorship or disabling of any media” that he says is “un-American activity.”
Essary said that the arrogance the DTCC expressed in its censorship efforts shows that the entity has “become too large, too encompassing, too powerful, too unresponsive to those it serves, primarily the investing public, and too unresponsive to the Congress under whose auspices it should be operating.
“First, it is time to unconflict it, with real public representations on its board,” he said, and second, “it is time to break it up, with its various duties provided by smaller agencies under separate unconflicted boards.”
DTCC board members include Michael C. Bodson, Managing Director, Morgan Stanley (NYSE: MWD); Gary Bullock, Global Head of Logistics, Infrastructure, UBS Investment Bank (NYSE: UBS); Stephen P. Casper, Managing Director and Chief Operating Officer, Fischer Francis Trees & Watts, Inc.; Jill M. Considine,Chairman, President & Chief Executive Officer, The Depository Trust & Clearing Corporation (DTCC);
Also, Paul F. Costello, President, Business Services Group, Wachovia Securities (NYSE: WB); John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER); Donald F. Donahue, Chief Operating Officer, The Depository Trust & Clearing Corporation (DTCC); Norman Eaker, General Partner, Edward Jones; George Hrabovsky, President, Alliance Global Investors Service; Catherine R. Kinney, President and Co-Chief Operating Officer, New York Stock Exchange; Thomas J. McCrossan, Executive Vice President, State Street Corporation (NYSE: STT); Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); and Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), Eileen K. Murray, Managing Director, Credit Suisse First Boston (NYSE: CSR); James P. Palermo, Vice Chairman, Mellon Financial Corporation (NYSE: MEL); Thomas J. Perna, Senior Executive Vice President, Financial Companies Services Sector of The Bank of New York (NYSE: BNY); Ronald Purpora, Chief Executive Officer, Garban LLC; Douglas Shulman, President, Regulatory Services and Operations, NASD; and Thompson M. Swayne, Executive Vice President, JPMorgan Chase (NYSE: JPM).
Posted by legaleagle on :
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Zoomingstocks.com: CORRECTING AND REPLACING End-of-Week Stock Update: (OTCBB: CMKX) CMKX Requests Subpoena of DTCC for upcoming Administrative Hearing
Carlsbad, Ca, May 02, 2005 (M2 PRESSWIRE via COMTEX) -- Zoomingstocks.com mid-week stock update is focused on, NMC, Inc. and CMKM Diamonds, Inc. Late Breaking News: CMKM Diamonds has submitted a request to the court to subpoena the Depository Trust and Clearing Corporation, "as they may have evidence relative to the hearing in this matter", states the subpoena. This turn of events is unprecedented and unheard of. The subpoena was issued at the request of CMKM Diamonds, Inc. by Donald Stoecklin and the Stoecklin Law Group. The purpose of the subpoena is unknown at this time; however, CMKM Attorneys have requested all manner of documentation both paper and electronic and any records pertaining to transactions dealing with CMKM Diamonds, Inc. to be made available for inspection at this hearing.
About the DTCC - The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, over-the-counter credit derivatives and emerging market debt trades. DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas.
CMKM Diamonds, Inc. was recently featured in the Zoom Generation Newsletter, a weekly subscription publication from Zoomingstocks.com as being the subject of the "trading rebate program" which creates incentives for traders to engage in transactions with no economic purpose other than to receive market data fees. The SEC believes that such trading may distort the actual volume of trading in these securities. Moreover, the Commission is concerned that the structure and size of market data revenue rebates may be distorting the reporting of trades, and that these rebate programs may reduce the regulatory resources of the markets and reallocate the funding of regulation among participants.
Ever wonder why CMKX and other sub-penny stocks have such a high volume of trades per day? This trade rebate program accounts for a majority of those trades. The SEC is implementing reforms under Regulation NMS to curtail some of this activity and allow only relevant trades to be counted in the day's volume.
CMKM Diamonds, Inc. will in less than two weeks appear at a hearing in Los Angeles to answer allegations by the SEC concerning its claims and corporate governance. Tremendous support and outpouring by shareholders loyal to CMKX is expected to draw attention to some of the ills of the current abuse of sub-penny stocks through many of the systems and sub-systems intended to facilitate the management and clearing of the stock market. This technology has only made it easier for traders to tilt the scale towards them at the loss of billions of shareholder dollars. Towards this end, CMKX is finally going to have their day in court and attempt to address and expose some of these issues.
Recently a CMKX shareholder, Mr. John Martin, of Tyler, Texas began a solidarity effort aimed at unifying the CMKX shareholders. The CMKX Owner's Group will look after their interests in the upcoming hearing of allegations made by the SEC against CMKM Diamonds, Inc. These allegations are being made under the pretense of shareholder protection. Knowing that his investment was at no time under the protection of the SEC, Mr. Martin elicited the legal services of the Frizzell Law Firm to represent himself and has since invited other CMKX shareholders to participate making the Group more credible in its intention. Mr. Martin has successfully inducted over 2320 members to date.
The actions proposed by the SEC are viewed by the shareholders as not being in their best interest, nor protecting their CMKX investment. These shareholders are among the most dedicated and loyal group of investors that have ever supported a Pink Sheet Company. The CMKX Owner's Group will probably be the first of many such efforts begun by shareholders to say that they "have had enough". Visit the CMKX Owner's Group at http://www.cmkxownersgroup.com , take a stance, and protect your investment.
Have questions or interested in CMKM Diamonds, Inc? Call Mr. Andy Hill, Investor Relations at 1-877-752-3755 or 1-306-752-375 between the hours of 7:00 AM and 1:00PM Pacific Standard Time.
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Posted by Doctoall on :
And the clock ticks to what is hopefully the moment of truth for CMKX Posted by Wallace#1 on :
Believe the following and they will tell you another just as ridiculous:
"About Zooming$tocks.com: Zooming$tocks.com is your premier market analysis company whose goal is to provide you with rapid and timely information, well suited to your investment needs."
Posted by trgamma2 on :
quote:Originally posted by ed19363: [QUOTE]............................ This is NOT what I bought when I invested in CMKI years ago.
About 2-3 months ago I bought a stockpile of kool-aid that began building up years ago. Add water and it tastes like ****.
Posted by Doctoall on :
tarq3 Member
Member Rated: posted May 03, 2005 09:26 -------------------------------------------------------------------------------- StockGate: Pink Sheets Seeks Publication of Short Positions For OTCBB, OTC Companies (financialwire.net via COMTEX) -- May 3, 2005 (FinancialWire) Companies on the Pink Sheets and the OTCBB may soon have their short positions published by the NASD as a result of a request by Cromwell Coulson, CEO of the Pink Sheets and some timely footwork by Investrend's Director of Corporate Development Drew Connolly, who is serving in an advisory capacity to U.S. Securities and Exchange Commission Chair William Donaldson.
The Pink Sheets quote request leaders for Monday included Global Triad (OTC: GTRD), Prime Rate Investors (OTC: PRRM), and CMKM Diamonds (OTC: CMKX) and it traded as much as $34 million for such listed companies as LUKoil Holding (OTC: LUKOY).
The request for rulemaking, which Coulson has told companies traded on the Pink Sheets, is needed "to make regulators turn on the lights and protect investors from the menance of hidden short selling in the OTC market," is at http://sec.gov/rules/petitions.shtml
Coulson had put in the request for comments at the SEC several weeks ago, and Connolly interceded to move the request to a front burner, leading to the rulemaking.
In an email to Donaldson, Coulson had said "I believe that it is very important to require the disclosure of short positions because the lack of transparency is allowing promoters to defraud investors by blaming all selling on naked market maker short selling. Disclosure and transparency can easily remedy the issue."
Comments are being urgently solicited by both Coulson and Connolly, who also serves as executive director of the CEO Council.
In other news on the naked short-selling front known as "StockGate," adding to what TheStreet.com founder James Cramer calls the "Hedge Fund Relief Act," the termination of the Uptick Rule, is the fact that those using illegal naked short selling in the past have been granted a kind of amnesty for acts before the first of 2005. The SEC just "grandfathered" those illegally-begotten gains and resultant counterfeit shares into the system, so these windfall gains are now available to downtick with reckless abandon on downticks.
In the same document, the SEC has inexplicably stated that not all forms of illegal naked short selling, the equivalent of counterfeiting shares in public companies, are actually "illegal."
The DTCC actions in the StockGate mire are the most serious, if not notorious since the agent of two SROs, the New York Stock Exchange and NASD is also peopled by some 21 directors whose companies, such as Merrill Lynch & Co. (NYSE: MER), State Street Corporation (NYSE: STT) and Goldman Sachs (NYSE: GS), are unlikely to support the DTCC in what attorney Marshal Shichtman, Esq., has termed "strong-arm" tactics.
The DTCC has admitted it has engaged in an act of censorship of this newsletter in squelching its redistribution by Investors Business Daily, and via Investors Business Daily, to Yahoo Finance, a portal owned by Yahoo! (NASDAQ: YHOO), and it is a suspect in the sudden and so far unexplained "postponement" of a widely anticipated expose by Dateline NBC.
In a wide-ranging letter to the DTCC, Robert J. Shapiro has charged statements made by Larry Thompson, DTCC Deputy General Counsel, were "inaccurate or misleading," and asked the DTCC to correct the record and respond to his comments and questions.
Shapiro is chair of Sonecon LLC, a private economic advisory firm in Washington, D.C., who served as U.S. Under Secretary of Commerce for Economic Affairs from 1998 to 2001, Vice President and co-founder of the Progressive Policy Institute from 1989 to 1998, and principal economic advisor to Governor William J. Clinton in the 1991-1992 presidential campaign.
He holds a Ph.D. from Harvard University and has been a Fellow of the National Bureau of Economic Research, Harvard University, and the Brookings Institution.
Shapiro currently provides economic analysis to the law firms of O'Quinn, Laminack and Pirtle, Christian, Smith and Jewell, and Heard, Robins, Cloud, Lubel and Greenwood, on issues associated with naked short sales, which he noted includes "matters raised in an interview published by @DTCC with DTCC deputy general counsel Larry Thompson."
He asserts the following in his letter:
Thompson begins by asserting that "the extent to which [naked short selling] occurs is in dispute." While this statement may be narrowly correct, objective academic analysis has established that naked short selling has been a widespread practice and one which, when allowed to persist, can pose a threat to the integrity of equity markets. A recent study by Dr. Leslie Boni, then a visiting financial economist at the SEC, analyzed NSCC data and found that on three random days, an average of more than 700 listed stocks had failures-to-deliver of 60 million-to-120 million shares sold short ' naked shorts ' that had persisted for at least two months. In addition, over 800 unlisted stocks on any day had fails of 120 million-to-180 million shares sold short that also had persisted for at least two months. The total number of naked shorts, including those that had persisted for less than two months, was presumably considerably greater.
Regarding the extent of naked shorts, Thompson has provided closely-related additional information: "fails to deliver and receive amount to about $6 billion daily.including both new fails and aged fails." Thompson minimizes this total by comparing it to "just under $400 billion in trades (emphasis added) processed daily by NSCC, or about 1.5% of the dollar volume." By most people's standards, a problem involving hundreds of millions of shares valued at $6 billion every day is a very large problem. Moreover, the $6 billion total substantially underestimates the actual value of all failed-to-deliver trades measured when the trades actually occurred. Most of the $6 billion total represents uncovered or naked short sales, many of which have gone undelivered for weeks or months with their market price being marked-to-market every day. As a stock's price falls, the market price of naked shorts in that stock also declines, reducing the total value of the outstanding failures-to-deliver cited by Thompson.
In other respects, Thompson's comparison to the "$400 billion in trades processed daily by NSCC" seems disingenuous and misleading, because that $400 billion total covers not only U.S. equity trades which can involve most of the failures-to-deliver at issue, but many other transactions also processed by the NSCC. The value of all equity transactions on U.S. markets in 2004, for example, averaged $82.3 billion/day. If Thompson is correct that the daily value of fails-to-deliver averages $6 billion, that total is equivalent to 7.2 percent of average daily equity trades or nearly five times the 1.5 percent level suggested by Thompson. Furthermore, the DTCC reports on its website that on a peak day, "through its Continuous Net Settlement (CNS) system, NSCC eliminated the need to settle 96 percent of total obligations." Assuming that CNS nets out the same proportion of trades on other days, $384 billion of the $400 billion in daily trades cited by Thompson are netted out, leaving only $16 billion in daily trades that require the actual delivery of securities. The $6 billion of fails-to-deliver securities existing on any day are equivalent to 37.5 percent of the average daily trades that require the delivery of securities, or 25 times the 1.5 percent level cited by Thompson.
Thompson tries to explain the large numbers of shares that go undelivered ' in most cases arising from naked short sales -- by citing problems with paper certificates, inevitable human error, and the legitimate operations of market makers. This also seems misleading or disingenuous. Regarding problems with paper certificates, the DTCC estimates that 97 percent of all stock certificates are now kept in electronic form. Nor can human error or legitimate market-making operations explain the high levels of failures-to-deliver that persist for months ' on any day, an average of 180 million-to-300 million shares have gone undelivered for two months or longer ' as documented by Dr. Boni's analysis of NSCC data.
Thompson also disparages the attorneys who represent companies that have been damaged or destroyed by massive naked short sales, and their shareholders, by claiming falsely that the cases in this matter have almost all been dismissed or withdrawn. The legal firms that I advise -- O'Quinn, Petrie and Laminack; Christian, Smith and Jewell; and Heard, Robins, Cloud, Lubel and Greenwood ' have not lost any motions against the DTCC or its affiliates and currently have one case against the DTCC pending in Nevada and another case against the DTCC pending in Arkansas. In addition, on February 24, 2005, these attorneys were granted an order by the New York Supreme Court ordering the DTCC to produce trading records involving two companies they represent, including records from the Stock Borrow program, which may establish whether large-scale naked short sales were used to manipulate and drive down the stock price of those two companies.
Thompson also asserts that the plaintiffs suing the DTCC for damages associated with the handling of naked short sales rely on "theories [that] are not an accurate reflection of how the capital market system actually works." This assertion is inaccurate. There is no dispute about how the capital markets work -- nor any doubt that naked short sales have been used to manipulate and drive down the price of stocks, as seen in numerous death-spiral financing cases. The issue here is the DTCC's role in allowing or facilitating such stock manipulation through its treatment of extended naked short sales.
In explaining the DTCC's role in these matters, Thompson rejects the claim that the NSCC's Stock Borrow program allows the same shares to be lent over and over again, potentially creating more shares than actually exist or "phantom" shares. By Thompson's own account, shares borrowed by the NSCC to settle naked short sales are deducted from the lending member's DTC account and credited to the DTC account of the member to whom the shares have been sold. Therefore, those same shares become available to be re-borrowed to settle another naked short sale and, if that happens, to be re-borrowed again and again to settle a succession of naked short sales. Throughout this process, the actual short sellers may continue to fail-to-deliver the shares to cover their shorts and, as Dr. Boni's analysis of NSCC data found, the underlying failure can age for months or even years. The process which Thompson describes is one in which shares can be borrowed and lent over and over again, introducing more shares into the market than are legally registered and issued. If any ambiguity remains, Thompson can clarify it by responding to the following query: Once a share that has been borrowed through the NSCC Stock Borrow program is delivered to the purchaser, is that share restricted in any way so it cannot be lent again?
It is important to note that the Stock Borrow program is used when continuous net settlement cannot locate the shares to settle. As a consequence, Stock Borrow is usually called into play when there are relatively few shares available for borrowing. These are propitious conditions for market manipulation: Unscrupulous short sellers undertake large-scale naked short sales involving stocks for which few shares are available for trading and lending, relying on the Stock Borrow program to borrow the limited available shares, again and again, at sufficient levels to drive down the market price of the shares.
Thompson notes that of approximately $6 billion in outstanding failures-to-deliver existing on any day, "the Stock Borrow program is able to resolve about $1.1 billion . or about 20% [18 percent] of the total fail obligation." In this statement, Thompson raises very serious questions about the integrity and operations of the NSCC and DTCC, which he can clarify by responding to the following queries: If the Stock Borrow program "resolves" only 18 percent of total fails, what is the disposition of the remaining 82 percent of outstanding fails? When failures-to-deliver occur that are not resolved through Stock Borrow, does the NSCC credit the undelivered shares to the member representing the buyer, creating genuine "phantom shares"? Finally, how many shares do the borrowing brokers, clearing firms and other participants in the Stock Borrow program owe the NSCC on a typical day, and what is their total value?
In a related matter, Thompson tries to distance the DTCC from charges that shares held in restricted accounts ' for example, cash accounts, retirement accounts and many institutional accounts ' are improperly lent through the Stock Borrow program by claiming that responsibility for segregating restricted shares from lendable shares falls to the "broker and bank members" of the DTCC, while responsibility for monitoring or regulating their performance in this matter falls to the stock exchanges and the SEC. As a trust company, the DTCC cannot hold that it has no role, duty or responsibility to ensure the probity of its operations. Thompson could address this issue by responding to the following queries: What procedures does the NSCC have to ensure that shares held in members' accounts for possible loan through the NSCC Stock Borrow program are unencumbered by regulatory or legal restrictions from being pledged or assigned and eligible to be borrowed? On any given day, how many participants in the Stock Borrow program have lent shares that exceed their lendable shares, in what numbers and of what value?
Thompson also tries to distance the DTCC as far as possible from the naked short selling that generates most of the extended failures-to-deliver: "We don't have any power or legal authority to regulate or stop short selling, naked or otherwise. We also have no power to force member firms to close out or resolve fails to deliver . we don't even see whether a sale is short or not." In fact, the DTCC chooses to not distinguish short sales from long sales, chooses to not regulate or stop extended naked short sales, and chooses to not force member firms to resolve protracted naked short sales.
First, Regulation SHO requires that all transactions be clearly marked short or long. If the DTCC and NSCC do not know whether sales are short or long as Thompson contends, they choose to not know. Second, the NSCC has a clear responsibility and adequate means to stop naked short sales of extended duration, with no legal barrier that would prevent them from so doing. As a trust company with an acknowledged duty to provide investors certainty in the settlement and clearance of equity transactions, the DTCC chose to carry out that duty by assuming the role of counterparty to both sides of every equity transaction, through the operations of the NSCC's CNS system and the Stock Borrow program. By allowing short sellers to fail-to-deliver shares for months or even years, the NSCC clearly fails to provide certainty in settlement to the buyers, sellers and issuers of securities. Since it is widely known that extended naked short sales have been used to manipulate stock prices in cases of death-spiral financing, and the NSCC created the Stock Borrow program to address failures-to-deliver that prominently include naked short sales, the NSCC and DTCC share a responsibility with the SEC and the stock exchanges to protect investors by resolving extended fails.
Third, the DTCC and NSCC have the clear capacity to force member firms to resolve the extended failures-to-deliver of their customers by purchasing shares on the open market and deducting the cost from the member's account. A 2003 study by Dr. Richard Evans and others provides evidence that forced buy-ins by any party occur very rarely. They found that a major options market maker who failed to deliver all or a portion of shares sold in 69,063 transactions in 1998-1999 was bought-in only 86 times or barely one-tenth of 1 percent of the fails. Thompson can clarify investors' understanding of their operations by responding to the following query: What proportion of shares that are persistent fails-to-deliver, of one month or longer, are ever bought in?
Thompson acknowledges that the DTCC and NSCC know precisely how many failures-to-deliver exist for each stock and the precise duration of each of these fails. Yet, the DTCC refuses to disclose this information even to the issuer of the stock in question, which Thompson justifies by citing "NSCC rules" prohibiting such a release of data based on "the obvious reason that the trading data we receive could be used to manipulate the market, as well as reveal trading patterns of individual firms." This response is both disingenuous and revealing. We know now, for the first time, that the DTCC has full knowledge of the extent of protracted, large-scale naked short sales in all particular cases. We also know now that the DTCC has had this information for at least a decade, since Thompson also notes that "fails, as a percentage of total trading, hasn't changed in the last 10 years." Yet, based on the DTCC's own rules, it allowed these abuses to persist and fester. The DTCC and NSCC can change their rules at any time. Moreover, in this case, those rules are unjustified. Data documenting outstanding short sales in each stock are currently issued publicly, so further data on how many of those short sales are naked would not reveal additional information about the trading patterns of individual firms or in any way empower manipulators. In fact, the DTCC could substantially disarm manipulators by both publicly reporting naked short sales in each issue and pledging to force buy-ins of all naked short sales that persist for more than a limited period.
Surely, if large-scale, extended naked short sales have effectively created "phantom" shares, companies have a responsibility to their shareholders and the right to secure this information from the organization which manages the settlement of short sales. At a minimum, the DTCC should respond to requests by issuers for data on extended failures-to-deliver in their own stocks, both in the past and currently, so they can take steps to resist stock manipulators or bring them to account for past manipulation.
Thompson also claims that the DTCC did not create or manage the Stock Borrow program to serve its own financial interest, insisting that the service generates less than $2 million a year in direct fees to the DTCC and that all DTCC services are priced on a "not for profit" basis that seeks to match revenues with expenses. Without further information, these responses beg the question of whose private financial interest has been served by the Stock Borrow program, especially as the DTCC is owned by the stock markets, clearinghouses, brokerage and banking institutions that use its services. Thompson and the DTCC can clarify this serious matter by responding to the following queries: Do DTCC participant/owners receive interest or other payments through or from the Stock Borrow program for lending the shares of their customers and, if so, how much have they received for these activities over the last 10 years? Further, do DTCC participant/owners receive any dividend, interest or other payments or distributions from the DTCC or its subsidiaries?, Shapiro concluded.
In a recent editorial, Investrend Information head Gayle Essary questioned whether the board and principal shareholders would "be party to shenanigans that lead to the censorship or disabling of any media" that he says is "un-American activity."
Essary said that the arrogance the DTCC expressed in its censorship efforts shows that the entity has "become too large, too encompassing, too powerful, too unresponsive to those it serves, primarily the investing public, and too unresponsive to the Congress under whose auspices it should be operating.
"First, it is time to unconflict it, with real public representations on its board," he said, and second, "it is time to break it up, with its various duties provided by smaller agencies under separate unconflicted boards."
DTCC board members include Michael C. Bodson, Managing Director, Morgan Stanley (NYSE: MWD); Gary Bullock, Global Head of Logistics, Infrastructure, UBS Investment Bank (NYSE: UBS); Stephen P. Casper, Managing Director and Chief Operating Officer, Fischer Francis Trees & Watts, Inc.; Jill M. Considine,Chairman, President & Chief Executive Officer, The Depository Trust & Clearing Corporation (DTCC);
Also, Paul F. Costello, President, Business Services Group, Wachovia Securities (NYSE: WB); John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER); Donald F. Donahue, Chief Operating Officer, The Depository Trust & Clearing Corporation (DTCC); Norman Eaker, General Partner, Edward Jones; George Hrabovsky, President, Alliance Global Investors Service; Catherine R. Kinney, President and Co-Chief Operating Officer, New York Stock Exchange; Thomas J. McCrossan, Executive Vice President, State Street Corporation (NYSE: STT); Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); and Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), Eileen K. Murray, Managing Director, Credit Suisse First Boston (NYSE: CSR); James P. Palermo, Vice Chairman, Mellon Financial Corporation (NYSE: MEL); Thomas J. Perna, Senior Executive Vice President, Financial Companies Services Sector of The Bank of New York (NYSE: BNY); Ronald Purpora, Chief Executive Officer, Garban LLC; Douglas Shulman, President, Regulatory Services and Operations, NASD; and Thompson M. Swayne, Executive Vice President, JPMorgan Chase (NYSE: JPM).
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
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Posted by Doctoall on :
May 3, 2005 (FinancialWire) Companies on the Pink Sheets and the OTCBB may soon have their short positions published by the NASD as a result of a request by Cromwell Coulson, CEO of the Pink Sheets and some timely footwork by Investrend's Director of Corporate Development Drew Connolly, who is serving in an advisory capacity to U.S. Securities and Exchange Commission Chair William Donaldson.
The Pink Sheets quote request leaders for Monday included Global Triad (OTC: GTRD), Prime Rate Investors (OTC: PRRM), and
CMKM Diamonds (OTC: CMKX) and it traded as much as $34 million for such listed companies as LUKoil Holding (OTC: LUKOY).
What are they up to now??? Posted by Wallace#1 on :
OF PARTICULAR NOTE:
"In an email to Donaldson, Coulson had said "I believe that it is very important to require the disclosure of short positions because the lack of transparency is allowing promoters to defraud investors by blaming all selling on naked market maker short selling. Disclosure and transparency can easily remedy the issue."
AND: If CMKX/UC had provided "disclosure and transparency", that bummer could have been easily prevented and we wouldn't be hearing all about NSS from the cult members.
Posted by Doctoall on :
quote:Originally posted by Wallace#1: OF PARTICULAR NOTE:
"In an email to Donaldson, Coulson had said "I believe that it is very important to require the disclosure of short positions because the lack of transparency is allowing promoters to defraud investors by blaming all selling on naked market maker short selling. Disclosure and transparency can easily remedy the issue."
AND: If CMKX/UC had provided "disclosure and transparency", that bummer could have been easily prevented and we wouldn't be hearing all about NSS from the cult members.
Wallace that is an excellent point, but in the case of Urban he does not want to disclose anything. Keep them in the dark and feed them crap, does anyone feel like a mushroom?? Posted by justplayin on :
It never ceases to amaze me that "investors" can spend so much time beating a dead horse. All that is accomplished is waking the maggots.
We could all make so much more $$$ if we concentrated on stocks that have movement more than once every 2 years.
The 40-50 page threads of cmkx, qbid, and the like is effort that could be devoted to making money.
These stocks are pinks for a reason. I bought my lottery tickets and will let them ride.
These dialogs are entertaining, but are they really helpful?? There are alot of talented people on this board. Lets be friends and move on to making some money!
Posted by Ric on :
Haven't you heard of boredom and having fun. None of the statements you said really applies here because we know its a dead horse and we aren't putting effort into it. I spend most of my time researching for the next run. I come here to blow off steam and chat with friends. Like Bill says were else can you have this much enjoyment in the stock market.
Posted by justplayin on :
Good point. It appears to me as though some here actually believe that there is a conspiracy against the company and it's shareholders. Classic case of falling in love with a stock.
Thanks for the entertainment
GLTA
Posted by JEAL on :
1 week today - Night court begins!
Posted by Upside on :
What's really interesting, is that CMKX didn't ask for information of a naked short, they simply asked for records. Guilty conscience coming out? LOL
Posted by legaleagle on :
and the SEC wants all of the DNA evidence thrown out. What a complete joke! It's plain and simple to me; if they had nothing to hide, and NSS did not exist with CMKX, then what are they so scared of? IMO, they completely messed with the wrong Company in CMKM Diamonds, Inc. and the wrong Shareholders in CMKX. I strongly feel that a bear trap has been set by Urban, Glenn, Maheu, et. al. and the opposition has EVERYTHING TO BE SCARED OF!
The fact (IMO) is that the continual manipulation of CMKM Diamonds, Inc. /CMKX affected Urban's ability to file a proper share structure without breaking the law.......and therefore the "NSS issue" has EVERYTHING TO DO WITH THE HEARING. Just as in a homicide investigation, the blood samples are KEY........so is the NSS issue for Urban/CMKM Diamonds, Inc.. The SEC/DTCC just ran into "The Perfect Storm" with CMKM Diamonds, Inc., and can either turn the boat around and "save face" or crash into the biggest wave they've ever seen.
All of the above is IMHO.
God Bless to all!
Peter (Dxild)
Posted by ed19363 on :
And the bad part is that the SEC in this instance, is correct. NSS is entirely irrelevant to the charges faced by CMKX/UC. IMO, NSS evidence will NOT be allowed to be introduced, and, lacking that evidence, the judge has no choice but to find CMKX guilty as charged for not filing required reports. It will be interesting how the Koolaid drinkers respond to this. The SEC just kicked the last leg out from under the company. If the court convenes on May 10 as it is supposed to, CMKX is cooked well done and will be served shortly thereafter. IMO serves them right for not filing the reports we have been asking for for years. Hate to lose the money, but if that's what it takes to maintain integrity in the market, so be it.
Posted by legaleagle on :
quote:Originally posted by ed19363: And the bad part is that the SEC in this instance, is correct. NSS is entirely irrelevant to the charges faced by CMKX/UC. IMO, NSS evidence will NOT be allowed to be introduced, and, lacking that evidence, the judge has no choice but to find CMKX guilty as charged for not filing required reports. It will be interesting how the Koolaid drinkers respond to this. The SEC just kicked the last leg out from under the company. If the court convenes on May 10 as it is supposed to, CMKX is cooked well done and will be served shortly thereafter. IMO serves them right for not filing the reports we have been asking for for years. Hate to lose the money, but if that's what it takes to maintain integrity in the market, so be it.
Ed,you might want to wait until the judge rules on the subpoena. That was just the SEC's response to the subpoena request. The judge hasn't ruled yet.
Posted by Upside on :
quote:The fact (IMO) is that the continual manipulation of CMKM Diamonds, Inc. /CMKX affected Urban's ability to file a proper share structure without breaking the law
If that's the case then a whole lot of CEOs will be going to jail. There's many companies that complain of naked shorting yet they file as required. Did they all break the law?
Posted by legaleagle on :
Posts: 902 Registered: 22-10-2004 Member Is Online
posted on 3-5-2005 at 12:12 PM
DTCC DUMPING ON BROKERAGES IN NANOPIERCE CASE
At first, I found this judicial decision to be just another attempt to cover the DTCC and the shorts. However with further reading I noticed (in the bold area), that it appears the DTCC is dumping responsibility on the brokerages.
DTCC Applauds Court Decision To Dismiss Nanopierce Lawsuit Tuesday May 3, 11:20 am ET
NEW YORK--(BUSINESS WIRE)--May 3, 2005--The Depository Trust & Clearing Corporation (DTCC) today applauded the decision by Nevada's Second Judicial District Court in Reno to dismiss the Nanopierce Technologies Inc. lawsuit against DTCC and its subsidiaries. The Nevada court adopted DTCC's argument that DTCC's clearing and settlement functions are subject to the oversight and approval of the U.S. Securities and Exchange Commission (SEC) and therefore, under the U.S. Constitution, cannot be challenged under state law, as Nanopierce sought to do.
As stated by Judge Brent Adams in dismissing the case, "(S)tate law may not be applied as to impose damages on (DTCC). To do this would be to forbid Defendants from doing what the SEC authorized them to do."
Nanopierce had filed the case in May 2004 seeking to hold DTCC responsible for the drop in its stock price, claiming that DTCC's Stock Borrow Program had somehow enabled brokerage firms to engage in "naked short selling" of Nanopierce shares. DTCC responded by demonstrating that its clearing and settling activities are extensively regulated by the federal government and that the specific program challenged by Nanopierce, the Stock Borrow Program, had been approved by the SEC. DTCC demonstrated that Nanopierce's attempt to use state law to forbid DTCC from utilizing this program is barred by an established legal doctrine known as federal preemption. The Nevada court agreed and dismissed the case.
"We are extremely gratified that the court agreed with us that neither DTCC nor its subsidiaries are proper defendants here," said Larry Thompson, DTCC's First Deputy General Counsel. "All of our operations are taken in accord with our SEC-approved rules and subject to strict federal regulatory oversight. The Nevada court agreed with us that plaintiffs like Nanopierce cannot attempt to use the laws of 50 states to challenge DTCC's SEC-approved operations designed to ensure stability and uniformity in clearing and settling the nation's securities transactions."
While focusing its decision on the federal preemption doctrine, the court heard extensive argument and reviewed voluminous documents regarding the Stock Borrow Program and DTCC's clearing and settlement activities.
"Plaintiffs' claims that the Stock Borrow Program results in the manufacture of artificial shares is pure invention," Thompson stated. "Only shares that are actually on deposit in a broker's account can be borrowed. We hope that Judge Adams' decision will be taken to heart and the ill-considered litigation and media campaign against DTCC will come to an end."
The judge's decision to dismiss the case against DTCC follows a series of nine other case that have been dismissed or withdrawn against DTCC.
DTCC
DTCC is the parent company for the nation's principal clearing and settling firm, National Securities Clearing Corporation (NSCC) and the nation's principal securities depository, The Depository Trust Company (DTC). NSCC is registered with the SEC to record, clear, and settle equity, bond, money market, government, mortgage-backed, insurance, and other security transactions. NSCC's services are utilized by the country's major brokerage firms, the U.S. government, the New York Stock Exchange, NASDAQ, the American Stock Exchange, and other markets. DTC is the nation's principal securities depository. DTCC's subsidiaries are regulated by the SEC, which approves the rules under which they operate.
The Stock Borrow Program was established and approved by the SEC in 1981 to permit NSCC to borrow shares from its members and use the shares to fulfill delivery obligations where selling brokers had failed to deliver their shares. The Program, as the court found, "operates in a automated fashion without the exercise of discretion by NSCC as to whether any particular open transaction should be covered by (the Program)."
The Stock Borrow Program does not in any way release sellers from their legal obligations to complete deliveries. In addition to regulatory and enforcement action, those sellers remain subject to "buy-ins" by brokers from whom shares have been borrowed, as well as other brokers whose purchase orders remain open.
The SEC, the national exchanges and the Nasdaq regulate the activities of broker/dealers engaged in the purchase and sale of securities, including short selling.
-------------------------------------------------------------------------------- Contact: The Depository Trust & Clearing Corporation Stuart Z. Goldstein, 212-855-5470 sgoldstein@dtcc.com
Posted by ed19363 on :
quote:Originally posted by legaleagle:
quote:Originally posted by ed19363: And the bad part is that the SEC in this instance, is correct. NSS is entirely irrelevant to the charges faced by CMKX/UC. IMO, NSS evidence will NOT be allowed to be introduced, and, lacking that evidence, the judge has no choice but to find CMKX guilty as charged for not filing required reports. It will be interesting how the Koolaid drinkers respond to this. The SEC just kicked the last leg out from under the company. If the court convenes on May 10 as it is supposed to, CMKX is cooked well done and will be served shortly thereafter. IMO serves them right for not filing the reports we have been asking for for years. Hate to lose the money, but if that's what it takes to maintain integrity in the market, so be it.
Ed,you might want to wait until the judge rules on the subpoena. That was just the SEC's response to the subpoena request. The judge hasn't ruled yet.
If your screen name indicates anything about your profession or knowledge, then if you read all the words, you already know how the judge is going to rule. What the company is accused of is not filing. Legal or illegal, there is no middle road. I have never heard any case decided that states the defendant is PARTIALLY guilty or PARTIALLY innocent. And in this case, even if you have a small nose, it can be plainly seen that the company DID NOT FILE, and when they did, it was erroneous. Since ignorance is not a defense, then they MUST be guilty. I'm no lawyer, but I have a pretty good understanding of our legal system. IMO the judge has no choice, the facts are plain, and NSS has nothing to do with it. I truly hope I am wrong, but that's how I read it. Guilty as charged, punishment to be determined.
Posted by WinsumLosesum on :
I normally try to stay out of this cat fight, but I think it's interesting that the motion is to "exclude all evidence of naked short selling..." Not "all accusations", not "alleged short selling", but "all evidence of naked short selling."
Posted by ed19363 on :
Absolutely correct...the SEC is saying, in effect, that they dont care if Naked short selling was a reason for not filing. They are saying the question is "Is CMKX/UC guilty or not guilty of violating the rules" FOR ANY REASON! Simple question....simple answer.... YES or NO, no middle ground.
Posted by legaleagle on :
Ed said: "If your screen name indicates anything about your profession or knowledge, then if you read all the words, you already know how the judge is going to rule. What the company is accused of is not filing. Legal or illegal, there is no middle road. I have never heard any case decided that states the defendant is PARTIALLY guilty or PARTIALLY innocent. And in this case, even if you have a small nose, it can be plainly seen that the company DID NOT FILE, and when they did, it was erroneous. Since ignorance is not a defense, then they MUST be guilty. I'm no lawyer, but I have a pretty good understanding of our legal system. IMO the judge has no choice, the facts are plain, and NSS has nothing to do with it. I truly hope I am wrong, but that's how I read it. [B]If your screen name indicates anything about your profession or knowledge, then if you read all the words, you already know how the judge is going to rule. What the company is accused of is not filing. Legal or illegal, there is no middle road. I have never heard any case decided that states the defendant is PARTIALLY guilty or PARTIALLY innocent. And in this case, even if you have a small nose, it can be plainly seen that the company DID NOT FILE, and when they did, it was erroneous. Since ignorance is not a defense, then they MUST be guilty. I'm no lawyer, but I have a pretty good understanding of our legal system. IMO the judge has no choice, the facts are plain, and NSS has nothing to do with it. charged, punishment to be determined." [B]"If your screen name indicates anything about your profession or knowledge, then if you read all the words, you already know how the judge is going to rule. What the company is accused of is not filing. Legal or illegal, there is no middle road. I have never heard any case decided that states the defendant is PARTIALLY guilty or PARTIALLY innocent. And in this case, even if you have a small nose, it can be plainly seen that the company DID NOT FILE, and when they did, it was erroneous. Since ignorance is not a defense, then they MUST be guilty. I'm no lawyer, but I have a pretty good understanding of our legal system. IMO the judge has no choice, the facts are plain, and NSS has nothing to do with it.
Yes ed, I have been around a couple of courtrooms. Let me try a comparison. You go to the bank today and pull some cash out of your ATM, and go shopping. At one of the stores, security collars you and takes you to the back room because you just passed a counterfeit $20. Are you guilty of counterfeiting? Should you go to prison? After all, ignorance of that bill being counterfeit is no excuse. Right?
Posted by JEAL on :
Legal,
Welcome to my 3 star club. I see that you have moved to my ranking as well -
Lastly - I need to acknowledge that this is my 200th post !
Posted by Upside on :
originally posted by Legaleagle:
quote:At one of the stores, security collars you and takes you to the back room because you just passed a counterfeit $20. Are you guilty of counterfeiting? Should you go to prison? After all, ignorance of that bill being counterfeit is no excuse. Right?
That's not an applicable analogy in my opinion. Ignorance of the law, or in CMKX's case, ignorance of the requirements, is no excuse. In the scenario you laid out, ignorance of the counterfeit bill would be an excuse.
Posted by Wallace#1 on :
Posted by Wallace#1 on :
Guess I will point out that "I TOLD YOU SO!!!!" Note the following posts and, although denying any connection to NSS with the company subpoena just now, legal sure did push it as the reason:
Wallace's post - p.36, Apr. 28, 2005 at 20:33
Fact is folks, the SEC isn't bringing action because of NSS, but because of falsification of the Form 15. Seems to me they would have to have reasonable cause to want and get that information. Since the proceedings deal with an entirely different matter there is no reasonable cause to get it.
Wallace's post - p.37, Apr 29, 2005 at 9:24
legal reposted: "Guys and gals, to prove the naked short they need to collect as much evidence as necessary to prove their case."
NOW HEAR THIS!!!! NSS IS NOT PART OF THE CASE!!!
legal's post - p.38, Apr 29,2005 at 22:29
The orginal Form 15 carried 300 shareholders. After the recent audit discovered that number was in error, there was a correction filed amending it to 698. That was the right and proper thing to do, amending a false report when the truth became apparent.
The company position appears to be that that original number was skewed by the naked short, and that is why they are subpoenaing the appropriate documents to prove their defense.
NOTE: In no uncertain terms, legal states, "The company position appears to be that that original number was skewed by the naked short,...defense. Legal, I would suggest you, the cult, Frizzle/Frazzel and CMKX's attorney tell us why they want DTCC records if it is not for a NSS defense which has nothing to do with falsification of Form 15 and not filing 10Ks, 10Qs, etc.
Have you noticed that Maheu(sp) hasn't been heard from lately? Is he smart enough to stay out of this and keep quiet or unavailable to comment?
[ May 03, 2005, 15:42: Message edited by: Wallace#1 ]
Posted by Wallace#1 on :
It's going to be interesting just how much weasel wording CMKX's atty uses to try to persuade the judge as to the supposed importance of any DTCC documents. If the judge has any brains at all, she will see through the ploy and throw it out as the SEC has requested.
Posted by Upside on :
Originally posted by Wallace #1:
quote:It's going to be interesting just how much weasel wording CMKX's atty uses to try to persuade the judge as to the supposed importance of any DTCC documents.
What possible wording could they come up with that would make it admissible? If, as the SEC states, a possible naked short position has no bearing on their filing requirements, how could they get it admitted? If a massive short position is a reality, it's a separate issue for a different arena and has no impact on this case.
Posted by ed19363 on :
quote:Originally posted by Upside: originally posted by Legaleagle:
quote:At one of the stores, security collars you and takes you to the back room because you just passed a counterfeit $20. Are you guilty of counterfeiting? Should you go to prison? After all, ignorance of that bill being counterfeit is no excuse. Right?
That's not an applicable analogy in my opinion. Ignorance of the law, or in CMKX's case, ignorance of the requirements, is no excuse. In the scenario you laid out, ignorance of the counterfeit bill would be an excuse.
Thanks Upside, you beat me to it....also, note that you WOULD lose the $20. The bank whose ATM you got the bill from is NOT liable. So, as usual the little guy loses.... This case more resembles UC actually printing the bills, not getting them from an ATM.
Posted by Wallace#1 on :
Rulings against Agra-Tech and Pace American Group, both identified by the SEC as related situations or precedents:
RE: Agra-Tech:
ORDER IT IS ORDERED THAT, pursuant to Section 12(j) of the Securities Exchange Act of 1934, the registrations of the securities of Agra-Tech, Incorporated, Kilimanjaro Group.Com Inc., Savannah River Group, Inc., 2KSounds Corporation, and Xunantunich, Inc., are hereby REVOKED.
RE: Pace American Group
H. As a result of the foregoing, Pace American does not have on file with the Commission (1) any audited financial statements or complete annual reports for the fiscal years ended December 31, 1991 and December 31, 1992, or (2) any quarterly or annual reports for the period from September 30, 1993, through November 22, 1995 (when the company filed a Form 15 to terminate its obligation to file periodic reports) in violation of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. IV. FINDINGS In view of the foregoing, the Commission finds that it is necessary and appropriate for the protection of investors that Pace American s registration of common stock pursuant to Section 12(g) of the Exchange Act be revoked.
NOTE: There is nothing mentioned about any NSS in either case, but strictly applies to the Exchange Act of 1934 and the required filing of true and appropriate documents.
Posted by Wallace#1 on :
Upside wrote: "What possible wording could they come up with that would make it admissible?" **********************
I cannot imagine any words that could mislead the judge into admitting the DTCC information....and that assumes the DTCC is sitting still too and not saying the same thing as to it's being irrelevant (no reasonable cause to request).
Any NYSE company that did not file those very same documents (and others) with the NYSE would be promptly delisted. It has nothing to do with NSS.
Posted by legaleagle on :
I don't doubt that the Judge will rule against CMKX, but there are other sources that we have to prove the NS. It's just good to get the SEC on record as saying that "Evidence" may be damaging to their case. Don't forget that we still have OBO & NOBO records. If those didn't show a naked short, then we wouldn't have asked for the DTCC records.
[ May 03, 2005, 16:39: Message edited by: legaleagle ]
Posted by ed19363 on :
legal, you better go get help. That is the weakest attempt at applying positive spin that I have ever seen you use.....ROFL
Posted by legaleagle on :
ed, when you are in a "kangaroo court" you immediately begin preparing for the appeal.
Posted by Upside on :
But even under an appeal, how could a short position be grounds for a defense to the non-filing charge?
Posted by legaleagle on :
I have answered that a few times here. If you have evidence that the numbers you have received from your TA are, in fact, incorrect, then it would have been a criminal act to enter the false number.
Posted by Upside on :
I'm not that well versed in the legal system but if they have that evidence, thus making it a criminal act to file, shouldn't that be admissible right off the bat then?
Posted by legaleagle on :
Evidence is admissible Upside, but you always want your "best" evidence. The records from the SEC and DTCC are preferable to OBO/NOBO. So they went for those first.
Posted by ed19363 on :
It doesnt matter. If they are revoked, they will have nobody to show the NSS to. For sure the SEC dont want it, and the judge wont take it either. Stick a fork in it....see ya next Tuesday.
Posted by bill1352 on :
oh boy...its spin time in cult land...lol. legel your argument sound like bill clinton saying he didn't think oral was sex. i guess all those other companies on nasdqa & the NYSE & OTCBB & other pinks that files & are naked shorted are breaking the law. i guess we are in for a huge run in SEC investigations of illegel files because these companies didn't include the n/s shares. oh wait, thats right i forgot, this stuff only applies to cmkx. sorry legel i take all that back, where was my head.....reality maybe?
Posted by Upside on :
What good would an OBO/NOBO list do? You can bet that Urban and company won't be on the NOBO list. Assuming he is a beneficial owner, he'll be on the OBO list which wouldnt list his holdings, right?
Posted by bill1352 on :
a serious point is being missed here...first the SEC is going after cmkx because of not filing. cmkx could save a lot of trouble by filing before court, prove they want to be on the up & up, but no filing. n/s has nothing to do with the SEC's problems with cmkx but if they want to say & prove a n/s problem now is the time to file. then take everything to the judge & say ok, we filed but its false because of a n/s problem. all the n/s info they want entered then has to be included period. the trouble with that is they also have to explain all the deals, where stocks & money went, the full story behind the divy's, who they paid & what they paid them, have they found anything in the claims. why the o/s increase & how 279 billion got in the o/s from the a/s in 3 days. who owns what in the way of stocks. if ya think the SEC is upset with not filing wait till that info hits the fan. i'll bet there is jail time in that info & thats why cmkx has not filed anything & won't. revoked is in UC's best interest.
Posted by Ric on :
Also, why lie on form 15 and how about all the filings that don't require o/s that they didn't file. Like the S-8's they didn't file to dilute shares like candy. Your response that it would be illegal to file false numbers only holds water to the o/s and float. But guess what its not a lie to file the numbers you issue. Other companies do it all the time. Its a dilusion the longs have to justify not filing. But still all the other filing would have been just as important to the investor. We would have seen the dilution and been able to make honest choices if they were filed. Not having to guess o/s and telling us it wasn't that high when in fact it was massive.
Posted by Ric on :
Besides they didn't have the right not to file. If they felt any number was influenced by NSS then they needed to file and include that in there filing. Refusing to file was so they could P&D plain and simple. Now they are trying to flood the court with NSS to divert the courts attention from why they are there.
Besides, nothing justifies a lie on a offical document (form 25). Don't say it was a mistake either. Your arguement is either it was a mistake or they lied on it because they had to because they would be in trouble for lies on the financail. See ho funny that is. They had to lie to keep from a lie. roflmao
Posted by legaleagle on :
Gender: Posts: 4510 -KsBradley's thoughts on the Judges rulings today! « Thread started on: Today at 17:16:03 »
-------------------------------------------------------------------------------- What we know to be true is that the Judge has denied the subpeonas.
But......
She also stated:
"ANYONE THAT WANTS TO REQUEST THAT I RECONSIDER MY RULINGS MAY DO SO AT THE OUTSET OF THE HEARING ON MAY 10TH 2005"
And when the Judge asks us why we were delinquent on filing---NSS may be Forced back into the equation. We all know it is illegal to falsley file with false numbers. And being naked shorted up the wazoo, it is literally impossible to file accurately without first knowing the naked position. An open ended statement in my opinion. We are watching a Chess game folks. We saw the subpeonas and people were saying "we won", and other junk.
Now this comes out, and people are like "we lost" LOL
There are many more moves in this game. 7 days---probably 7 more moves.
Posted by ed19363 on :
As I predicted, the judge is right on point. She is refusing to be detered by frivolous motions and subpoenas. Only one thing is to be determined by this meeting. CMKX is guilty by their own admission that they have not filed necessary forms. What needs to be decided is their punishment. Anything else will not be allowed into evidence, no NSS, no DTCC, nothing. IMO, it's all over but the shouting (and a drink of Koolaid).
Posted by Upside on :
quote:We are watching a Chess game folks.
And the judge just said checkmate.
Posted by will on :
ed, it will never be over for these fanatics. Unlike you and I, they like not having information, or misleading information, so they can make up their own outcome. Even after the Judge revokes CMKX they will be forming groups, making outlandish claims of revival, and on and on and on. Jezzzz they might even tell their grandchildren how the system screwed them and how they should hold and cherrish the CMKX certs they left them because it will be vindicated and resurrected some day.
Posted by will on :
Bobby Fisher (sp), is over in Iceland. The guy turned to be a a complete piece of crap. Maybe Urban will make him CO CO CHAIRMAN, he'l be in charge of the cocopuffs.
Posted by ed19363 on :
LOL, Will, you're probably right !!! Moving on to the next item on the agenda, there is this to consider. Since all this was happening (or wasnt happening) when our dividends were issued, what happens to them? Are they legal dividends (since nobody knows the share count), or can they be revoked also?
Any thoughts from the group?
Posted by Highwaychild on :
Lovely chart. IMO by the time the restriction is lifted (if we even get to keep the divvies), they will be worth about as much as CMKX.
Anybody consider selling before the 10th to save whatever you can?
Posted by Wallace#1 on :
legal,
It sure looks like judge Murray is on the ball:
1. Squashed the subpoenas to DTCC and the SEC. 2. Denied the request to allow cult members preferential treatment by changing the meeting location. 3. Approved the SEC's subpoena for Maheu to be required to testify and bring any materials not already in the SEC's possession.
Looks like the SEC is batting 1000%!!!
Now you want OBO/NOBO to be considered??? Can't you cult members face any reality whatsoever? The best thing that could happen to any of you is that CMKX be prevented from trading anywhere ever again, that any company controlled by any of that group (UC included) be prevented from ever trading anywhere, and, that UC and others are not only fined considerable amounts of money but serve jail time as well.
You people bought into UC, Melvin, UC and Roger Glenn hook, line and stinker. Now learn to live with that fact! Learn from your mistake and stop perpetuating it.
Are you waiting for the coffin to be nailed shut and cremated when Glenn decides it's in his best interests to provide more damaging evidence? He's going to try to save his own skin and priviledges to practice law long before he will sink with UC and others. That's when more damaging testimony will be presented about the whole situation and events. If the SEC has subpoened Maheu, you can bet they want Glenn there too. And, both Transfer Agents!!!
Even a wet noodle would know by now that the sauce is burned and must be thrown out along with the "meatballs"!!!!
Posted by Highwaychild on :
ED: "they will be worth about as much as CMKX"
LOL,The longer they stay on the SHO list,the more I'm a have to agree with ya Ed.
Posted by Wallace#1 on :
Ed wrote: "Moving on to the next item on the agenda, there is this to consider. Since all this was happening (or wasnt happening) when our dividends were issued, what happens to them? Are they legal dividends (since nobody knows the share count), or can they be revoked also?
Any thoughts from the group?"
WHAT DIVIDENDS, ED? LOL
Posted by Highwaychild on :
Wallace: Now learn to live with that fact!(LOL by the way)
Hey, I am still having fun here. I didn't put in more than I could lose, I bought in at .0001 right before the run(just about), I took profits when it did go,and this whole thing, all in all, has been like a soap opera about a WWE wrestling match at a NHRA event!And I did learn,I learned things that I thought I'd never have to learn about investing.LOL
Posted by Wallace#1 on :
Here are more excerpts from legal's recent posts:
"It's just good to get the SEC on record as saying that "Evidence" may be damaging to their case."
Answer: Would you please tell us why? Furthermore, that does not state that any so-called NSS evidence "would" have been damaging. It simply states that to bring in such information (evidence), diverts attention away from facts and the true reason(s) for the SEC proceedings. All it is is information having nothing to do with falsification and not filing reports.
"I have answered that a few times here. If you have evidence that the numbers you have received from your TA are, in fact, incorrect, then it would have been a criminal act to enter the false number."
Answer: If they had such evidence as to the numbers being incorrect and they entered a false number, which is apparently exactly what they did (so-called evidence or not), THAT IS A CRIMINAL ACT!!!
Posted by will on :
Hey highwaychild, where's that ballicker, and nutsac that were going to laugh in my face? You seen those fools around anywhere?
Posted by Wallace#1 on :
Hwy,
You wrote: "Wallace: Now learn to live with that fact!(LOL by the way)
Hey, I am still having fun here." ******************************
I, too, am having fun on this thread. It is something that I have never seen on such a scale of mesmerization. Extremely hypnotic.
I am pleased that you were one of the smart ones and took profits where/when you could. Others have been drawn into it and have not been so fortunate. That, is something for which they can thank the cult members.
Maybe those people have a valid suit against all those pumpers and cult members as well as CMKX, UC et al.
Posted by Highwaychild on :
Hey Will,I sure haven't buddy.I do like to travel over there though,it's fun,there are some good points by some of them.
But then there are some over there that can go WAY off tangent.But the good olde Allstocks CMKX keeps me grounded.If you want a CMKX theory bashed to pieces,an idea riped to shards, just bring it over here.LOL!j/k around
Posted by will on :
Yea, I wanna sue ballicker and nutsac. The other ones I'm contnet in knowing that they might some day "understand" this complicated stock. I missed the paly of a lifetime I was stupid to not put ten's of thousands into this play of a lifetime. How could I be so foolish? I should have bought all the way down from the mini-run it had and held it for the big showdown with SEC and DTC where Urban rights all wrong and is the hero of trading public. Damn I wish I was smarter and understood this stock and didn't find negatives where there weren't any.
Posted by Wallace#1 on :
quote:Originally posted by Highwaychild: Hey Will,I sure haven't buddy.I do like to travel over there though,it's fun,there are some good points by some of them.
But then there are some over there that can go WAY off tangent.But the good olde Allstocks CMKX keeps me grounded.If you want a CMKX theory bashed to pieces,an idea riped to shards, just bring it over here.LOL!j/k around
Hwy, really broke me up laughing at that one! J/K or not, it is the truth. However, if the theories had any logical substance, that would not happen. LOL
Posted by Ric on :
Your still trying to push two different lies here Legal. You need to pick one because you can't have it both ways.
Either
1) They made a mistake on the form 15 so thats why they didn't file. (nothing to do with NSS)
or
2) they didn't file because NSS so they lied on the form 15. Because if it was NSS then they lied to stop from a lie. Makes sense to me.
You can't have it both ways. I know you like to but either they didn't think they had to file or they wasn't filing because NSS. NOT BOTH
So which is a lie in your opinion????????
I know they both are myself. They lied on form 15 so they could dilute, sell shares for profit, to there hearts content.
Of course it doesn't matter for the hearing anyway. NSS theory is out. CMKX is revoked.
Posted by ed19363 on :
quote:Originally posted by Wallace#1: Ed wrote: "Moving on to the next item on the agenda, there is this to consider. Since all this was happening (or wasnt happening) when our dividends were issued, what happens to them? Are they legal dividends (since nobody knows the share count), or can they be revoked also?
Any thoughts from the group?"
WHAT DIVIDENDS, ED? LOL
Ummm...I got divvies in USCA and GEMM a while back. Quite a few shares...if they are real....
Posted by will on :
"if"
I'm not sure what will happen with them, probably declared worthless, revoked, disappeared like CMKX is going to be ???
Posted by legaleagle on :
Don't celebrate too soon. Read the Judge's ruling carefully, first paragraph. Let me paraphrase:
The hearing is scheduled for May 10, there is not enough time for compliance by the SEC and DTCC in producing such massive documentation. At this time, I will not require such an undertaking, but if CMKX wishes me to revisit this issue, I will do so at the time of the hearing.
"Anyone who wants to request that I reconsider my rulings may do so at the outset of the hearing on May 10, 2005."
Posted by Ric on :
Yeah ED but they are restricted and after proving that UC is a scam artist do you really think these shares will ever be able to be sold? They will set in your account to haunt you forever or they will have such a charge to convert that it will cost more then you could sell them for. That if USCA isn't revoked soon too.
Posted by will on :
you're a riot, legal, you can find a reason to celebrate in the worse news.
Bones: He's dead Jim, he's dead! Capt Kirk: It's ok Bones, he's only daed, he'll be ok.
Notice Bones didn't say, Damnit Jim, he's dead, so he might be pretending or can reconsider his position at a death certificate hearing on the 10th.
Posted by Ric on :
It is funny Will
Posted by legaleagle on :
CMKX response to SEC motion to quash. This makes the basis for appeal, and CMKX's defense based on NS, clear.
you think shareholders got scammed...what about SGGM...10 million in cash & UC gets 200 billion shares...i wonder if SGGM bought the pump & dump game book along with the cmkx cult email list. watch & see...SGGM gets everything cmkx claims to have, all diamond claims & gold mines & it starts all over. & UC has 200 billion shares. CIM never goes public, thus worthless divy. UC crys n/s short in court, keep the cult in line & joins SGGM. & all the theorys of how 100's of billions of shares is a good thing starts all over. SGGM a/s is 900 billion so no increases needed. & UC doesn't have to be part of SGGM all they need is the claims & gold mine & a pr stating where they came from.
Posted by legaleagle on :
quote:Originally posted by will: you're a riot, legal, you can find a reason to celebrate in the worse news.
Bones: He's dead Jim, he's dead! Capt Kirk: It's ok Bones, he's only daed, he'll be ok.
Notice Bones didn't say, Damnit Jim, he's dead, so he might be pretending or can reconsider his position at a death certificate hearing on the 10th.
Then please explain Will, how you see the NS is dead if the judge clearly leaves the door open for reconsideration at the outset of the hearing.
Posted by legaleagle on :
Please read CMKX response to the SEC motion. And please read it with understanding of where CMKX is coming from.
its to make sure no appeal is possible on that account legel. nothing more, nothing less. its call cover you back side. same thing UC did with roger glen & why UC will not end up in jail.
Posted by Ric on :
I will put a "Legal" type spin on this. In there filing they never said that they were naked short just that without the documents they can't use it against the SEC.
If you are trying to state that the unknown in the market palce can keep someone from filing then almost all companoes could use it tostop filings. Most don't know if they are being short at a given time frame unless it does get published to SHO list which may not be out before filings so then using there logic all companies can delay or not file because they are not sure if they are shorted or not.
Posted by legaleagle on :
E-mail from Frizzell to OG:
FRIZZELL LAW FIRM 305 S. Broadway, Suite 302 Tyler, Texas 75702 (903)595-1921 Fax (903)595-4383 E-Mail jmartin@cmkxownersgroup.com
Dear Group Members,
One of the most difficult things about representing a large group is the inability to maintain personal communication with the members. When this group was small, I was able to return emails to most of you individually when I received mail from you. Due to the required legal work and large number of emails of late, I have not been able to return most of your messages for several days. I plan on returning each email but some responses may not come to you before the hearing. I regret that sincerely. There a quite a few tasks remaining before the hearing.
As of today, I have been provided over 4,000 pages of documents and exhibits. The company has received an updated NOBO list. The hard copy is voluminous. There have been many motions and responses from all parties. There have been subpoenas and witness lists and amendments to most of them. I have prepared trial briefs on several critical legal issues that may come up. I have discussions with at least four different lawyers on a daily basis. I have posted ONLY those items that I felt might be of interest to you. I will continue to do so. I remain committed to a confidentiality agreement as to certain items.
The Response to the Motion In Limine has been filed with the Court. I will advise you if we receive a response to the Motion. You may view it at www.cmkxownersgroup.com
I look forward to the next few days.
Onward.
Bill
Posted by Ric on :
I don't think they believe in NSS. I believe they hope there is some NSS so they can use it to divert the real issues and get pity. It won't work, revoked.
Posted by bill1352 on :
i agree ric..its smoke & mirrors
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: Don't celebrate too soon. Read the Judge's ruling carefully, first paragraph. Let me paraphrase:
The hearing is scheduled for May 10, there is not enough time for compliance by the SEC and DTCC in producing such massive documentation. At this time, I will not require such an undertaking, but if CMKX wishes me to revisit this issue, I will do so at the time of the hearing.
"Anyone who wants to request that I reconsider my rulings may do so at the outset of the hearing on May 10, 2005."
Legal, you sure did take a lot of liberties with your paraphrasing above. I saw nowhere that Judge Murray said anything about there not being enough time for the SEC or DTCC to produce documentation as you stated. Would you be kind enough to repeat it verbatum on this thread? It appears that you took considerable license with the words you put into the Judge's statement. Why distort the "spirit and intent" of the Judge's statement?
Judge Murry did state that she is "deciding pending motions based on the material I now have before me". There is no doubt that both sides have submitted volumes of material to the court and that that will not change as to the outcome in the Judge's mind. To say, she is open to reconsideration on the 10th, is normal. The substance of the "material" before her will not change to any contrary degree.
If I remember correctly, you had also previously stated that CMKX had not stated anything about a NSS situation in their subpoena. Try reading Item 1 and Item 2 (2nd paragraph) of the Judge's ruling on the subpoenas. It is 100% clear that they did so, unless the Judge is lying.
Posted by bill1352 on :
State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: common stock, its only class of equity securities, as of December 31, 2004 was: 49,990,700.
from a companies Q10...notice it says outstanding & thus is legel, they are not lying. it doesn't say owned by shareholders, it doesn't say issued & n/s shares included. all that is required is to post the o/s period. the SEC doesn't require you to post what the t/a has as traded. the company issues shares to the market not the t/a, they go into the market thru the t/a. the idea it would be false to post an o/s & not include n/s shares is ridiculous. it would mean every company would need every DTC record every Q10 or filing that listed the o/s. every company knows how many shares they issued & thats whats called for.
Posted by ed19363 on :
Legal, I give up on you boy....if you were hit in the head with a brick, you would probably say it wasnt a brick. Even tho the brick were stuck to your skull, you'd still swear it wasnt a brick. If chemical analysis proved it was a brick, you would still say it wasnt a brick. I pity you for being so gullible. What I cant figure out is why you are so loyal to CMKX when it's obvious they are in their last days. I really do feel sorry for the guys who lost money in this, but moreso for those of you who still believe there's a chance.
Posted by Upside on :
Where's dwman been lately?
Posted by will on :
"What I cant figure out is why you are so loyal to CMKX"
You can't figure that out, ed? C'mon think hard.
Posted by legaleagle on :
quote:Originally posted by Upside: Where's dwman been lately?
DW can be found at Sterling's PalTalk daily. Come on over and have a glass of Kook-Aid.
Posted by legaleagle on :
Wallace, I will stand by my paraphrase without retyping the entire ruling. Most here are able to read and understand the link, and compare what I said with what she said.
Posted by legaleagle on :
Ed: "What I cant figure out is why you are so loyal to CMKX"
Ed..........knowledge
Posted by JohnnyRotten on :
I believe several things are happening behind the scenes.
1.I believe CMKX has found a way to prove NSS, this may not seem valuable but it puts someone on the hook legally. It gives us leverage. It sets up a future law suit against those who knew about it including the DTCC. Shareholders as well as the company could file suit. If they drove the price down defrauding us of capital then that is very material both for the company and shareholders.
Lets say CMKX is revoked and all investors lose their money. There will be a law suit against someone. If the reason for revokation is proven to be the DTC creating a situation where it is impossible for a company to file then they become liable not CMKM.
2. NSS do create a situation where it is impossible to file. The legal standard for OS is reasonable deviation. NSS of 2 times OS is an unreasonable deviation. So it is true every company could use the defense that we don't know to the share at this set time it is also true that they can know within a pct the daily outstanding. That would be reasonable deviation. 50% is not reasonable and would mislead future investors.
How many people would buy CMKX if OS was stated to be 3 trillion, or if thinking it was 700 billion but you felt valuation was high enough you might still buy, but it turns out there were 3 trillion investors all along.
Publicly stating the lower numbers as true OS would not be fair at all. Period. Thus the DTCC created the unfair environment not the company.
3.I think CMKX is fishing for info. I think we can prove a NSS but those daily records could be invaluable in many many ways. The way I see it CMKX would be satisfied with just having the records even if they were revoked because the records would name names.
4. The records could also be valuable in a criminal defense because it would help CMKX plan strategy.
5. Remember that after filing the form 15 we should have 60 days. If the NSS is proven and is a valid defense, then it is to be used to show what we couldn't do the last 60 days, it does not reflect what we couldn't do before that. Since we thought we were ok til the form 15, all we need is a valid defense for the last 2 months.
My question is this. If the judge says the NSS issue must be resolved so we can file properly, what kind of short squeeze would ensue. How would that be resolved? Posted by Ric on :
All financial specifically state that the published o/s is issued shares. This makes them not liable for any shorts or other manipulation. All they had to do is stated that this was what the company issed and they would have been covered. Your contention is false and misleading. CMKX had no reason to not file with or without NSS because they don't have to prove all shares only issued shares.
Anyway even what you say was true (which it isn't) it didn't exclude them from filing S-8's or for the lies on the form 15. Also all other filings in such as 8-K's Form 4's and 3's. You are grasping at straws here. You can't rob a bank because you think they are crooked. What CMKX did was illegal and they will be revoked. Whether they think the SEC or DTCC did illegal activities against them or not. CMKX broke the rules.
Beside anyone who thinks 703 billion o/s has a valuation more then .0001 is crazy.
PRRM holders that think 60 billion o/s is worth more then .0001 are fooling themselves too.
Posted by Ric on :
People this is a pump and dump to 703 billion shares worth. The SEC knows it and they are going to stop this scam. But you can't see it through those rose colored glasses. Geez it so obvious its silly to think others can't see it. You bought unregistered shares from CMKX because they broke the rules and never registered them. What grounds will you sue other then CMKX for not doing there job.
Posted by Ric on :
It is funny now that CMKX claims they can't file back filings now because of NSS but when they first responded to this it was because they had voids in there records. They never keep the records so they couldn't be sent to jail is what it is. But you people want it both ways. Even UC can't get his story straight. They knew they were busted and they are trying anything they can to keep from losing there money pit.
Posted by legaleagle on :
Street Shares: 178,350,625,471 Cert Shares: 19,219,313,500 Total Shares: 197,569,938,971 Signed Agreements: 2907
Posted by legaleagle on :
Ric: "You bought unregistered shares from CMKX because they broke the rules and never registered them."
I don't see that in the SEC complaint. Where are you coming up with that?
Posted by Ric on :
If they don't file when issueing shares they are unregistered. Thats way the canada providence stopped them. But hear you go anyway. MAybe I should say illegal issued shares is that better.
"The Commission temporarily suspended trading in the securities of CMKM Diamonds because of questions that have been raised about the adequacy of publicly available information concerning, among other things, CMKM Diamonds’ assets and liabilities, mining and other business activities, share structure and stock issuances, and corporate management. Since the fiscal year ending December 31, 2002, CMKM Diamonds has been delinquent in its periodic filing obligations under Section 13(a) of the Exchange Act. The Commission is concerned that CMKM Diamonds may have unjustifiably relied on a Form S-8 to issue unrestricted securities. The Commission is also concerned that CMKM Diamonds and/or certain of its shareholders may have unjustifiably relied on Rule 144(k) of the Securities Act of 1933 (“Securities Act”) in conducting an unlawful distribution of its securities that failed to comply with the resale restrictions of Rules 144 and 145 of the Securities Act. "
Posted by bill1352 on :
JohnnyRotten Member
Rate Member posted May 03, 2005 23:58 -------------------------------------------------------------------------------- I believe several things are happening behind the scenes.
1.I believe CMKX has found a way to prove NSS, this may not seem valuable but it puts someone on the hook legally. It gives us leverage. It sets up a future law suit against those who knew about it including the DTCC. Shareholders as well as the company could file suit. If they drove the price down defrauding us of capital then that is very material both for the company and shareholders.
Lets say CMKX is revoked and all investors lose their money. There will be a law suit against someone. If the reason for revokation is proven to be the DTC creating a situation where it is impossible for a company to file then they become liable not CMKM.
2. NSS do create a situation where it is impossible to file. The legal standard for OS is reasonable deviation. NSS of 2 times OS is an unreasonable deviation. So it is true every company could use the defense that we don't know to the share at this set time it is also true that they can know within a pct the daily outstanding. That would be reasonable deviation. 50% is not reasonable and would mislead future investors.
How many people would buy CMKX if OS was stated to be 3 trillion, or if thinking it was 700 billion but you felt valuation was high enough you might still buy, but it turns out there were 3 trillion investors all along.
Publicly stating the lower numbers as true OS would not be fair at all. Period. Thus the DTCC created the unfair environment not the company.
all i can say is Legel, your posts make more sence then this guys...johnny, put the kool-aide glass down & back away. i want to say your post had me laughing so hard it hurt my sides but i can't. its just too sad to realize just how lost some of the cult is. 1) the DTC allows n/s to go on, they dont sell the shares. brokers do. you'd have to sue them, they are the one doing illegel acts. 2) n/s'ing hurt the pps but dumping 703 billion shares into the market doesn't? cmkx might have enough value to increase 703 billion shares from .0001? ppl might buy a stock with a 703 billion o/s without cult kool-aide on the brain? i dont think there is any rational way to respond to such extreme foolishness. the kool-aide your drinking make's crack & heroin look like over the counter drugs, something you'd find at a candy store.
legel if anyone in here says your thinking is crazy, just bring up johnny's stuff to show what crazy really is...lol
Posted by Ric on :
lol bill
Posted by bill1352 on :
legel, you never answered my question from yesterday...if the float ends up 600 billion or more what will your opinion of cmkx be then?
Posted by legaleagle on :
Actually, I think Johnny has a pretty good grasp on what is going on behind the scenes. It might be different flavors, but apparently we are drinking the same Kool-Aid. But I understand your concern that someone would come in here, that has actually been thinking and researching. So, Johnny get ready for the ridicule. That's what they do when they can't refute your posts.
Posted by Ktrain420 on :
LOL.....and these are the day'z of our lives....
Posted by legaleagle on :
quote:Originally posted by bill1352: legel, you never answered my question from yesterday...if the float ends up 600 billion or more what will your opinion of cmkx be then?
Probably the same as your's would be if the float was 30 billion or less.
Posted by bill1352 on :
ridicule??? thinking that normal everyday ppl looking to buy a penny stock might think a stock with a 703 billion o/s is a good thing? i think you got the shoe on the wrong foot. they say there is a sucker born everyday & the cult proves that to be true & in pennyland almost everyone gets sucked into 1 or 2, dardadog had mlon. but to say a company, a mining company no less might have enough value that normal ppl might think a 703 billion o/s is ok is ridiculing almost the entire penny world population.
Posted by Ric on :
We know its over 397 billion legal because CMKX already told us that. We just don't know how much over. Because he stated it clearly that 407 billion was all that was on the shareholders list. He didn't say restricted, he said shareholders of record. So no restricted shares are unknown making a minimum float of 397 billion. What we don't know is how much of the 407 billion is of float because shareholders of record could be part of float to.
This is too easy to figure out Legal if you only read instead of twist.
Posted by bill1352 on :
well legel, i guess your right there. if the float is 30 billion or less i would be the first to say i was wrong in selling. because with the hype, the cult & the then outragous n/s the pps would have to fly.
Posted by legaleagle on :
Stoecklein response to SEC's "in limine" motion:
"CMKM understands that evidence of naked shorting does not excuse extended filing deficiencies but will prove that such outstanding share numbers are very material to having correctly filed financial reports."
"but will PROVE"
Just shooting his mouth off, pre-hearing? Probably didn't get where he is doing that.
Posted by bill1352 on :
first step is filing something. you can not be faulted or called unfair if you file what should be correct info. if brokers are n/s'ing & the DTC is allowing it you can not be held responsible & you have then proven the problem. i can almost see waiting till the SEC calls you into court if you have solid proof thus forcing the issue as others are having a hard time getting results but first your books have to be perfect & second as soon as the SEC says "to court you go" you file. then you ask the judge to include the n/s proof & the judge has to include it. cmkx has said books are not only not right but stuff is missing let alone file anything.
Posted by Ric on :
You think the SEC will quote UC. We can't file because there is voids in our books????
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: Wallace, I will stand by my paraphrase without retyping the entire ruling. Most here are able to read and understand the link, and compare what I said with what she said.
That is exactly my point, legal!! There is no misunderstanding as to what Judge Murray stated. It was extremely clear. Your post distorted it into something completely different. You truly do amaze me!!!
You also previously stated that CMKX made no mention of NSS in their subpoena. I suggest you read Items 1 and 2 of Judge Murray's denial of allowing those subpoenas as well as Stoecklein's response following her ruling....all relating to NSS.
Posted by legaleagle on :
I do not see anywhere in the judge's order from today, where she ruled on the SEC's In Limon motion to prohibit CMKX from introducing NSS at the hearing.
In the judge's order, the SEC's Notice of in In Limine Motion to exclude naked shorting evidence is not included under either the "Pending Motions" section or the "Rulings" section.
The subpeonas to the Nazareth and the DTCC (for specific trading records, and lots of them) were denied because the judge deemed the requests "unreasonable and excessive in scope". The SEC Notice of In Limine does not mention the subpeonas to the DTCC or Nazareth. It only contents that any/all evidence of naked short selling is "unrelated to reporting obligations" and "irrelevant and immaterial", and that such evidence should be exluded.
Additionally, in the judge's order on motions, no mention is made suggesting that the OBO/NOBO, Leslie Boni's report, or Finnerty's report (evidence already submitted) would be excluded. Nor does the motion reference the exclusion of any future evidence which may be submitted, pertaining to naked shorting.
It is true that the judge states in her motion that CMKX has failed to file, and "Therefore, the only issue is what action is necessary and appropriate for the protection of investors." But I would proffer that excluding evidence of naked shorting and settlement failures could never be deemed to be "appropriate for the protection of investors".
Also, I'm very pleased with our response to that motion, as we have finally made the following argument:
1) The 10KSB requires us to report "outstanding shares"
2) The term "outstanding shares" is ambiguous. Is it shares issued by the corporation, or shares held by all its investors? (implying that we have two sets of O/S numbers, one equaling the number issued, the other equaling the number held).
3) Sarbanes-Oxley and its auditing requirement would demand certainty of the number presented on a 10KSB as representing the "outstanding shares"
4) CMKX "will prove that such outstanding share numbers are very material to having correctly filed financial reports". (again, looks like we are arguing that at least one of the reasons we have not filed is because naked shorting and settlement failures have created more shares held, than there are shares issued).
I'm no attorney, but it appears to me that, even if the judge agrees to the SEC's in limine motion, that we are building one hell of a case for appeal to a higher court.
Stoecklein et al have taken a case about failure to file and MADE it into a referendum against naked shorting. It's funny, when you read the motions, it sometimes difficult to discern who the plaintiff is.
=============================
God Bless to all!
Peter (Dxild)
Posted by legaleagle on :
By: abadgoodgirl 04 May 2005, 10:40 AM EDT Msg. 927297 of 927334 Jump to msg. # May 4, 2005
Honorable Brenda P. Murray Administrative Law Judge 450 5th Street Northwest Washington, DC 20549 By facsimile
As a CPA, formerly with Price Waterhouse in Washington, DC, I am aghast and mortified that the court would entertain such an absurd request from the Division regarding the “irrelevancy” of a possible NSS in the matter of CMKM Diamonds as it may relate to its inability to file accurate financial statements.
It is my personal opinion, that unless, you are a CPA and trained in the preparation and understanding of financial statements, you do not possess the knowledge and or the qualifications to preside over an administrative hearing for a failure to make periodic filings of financial statements.
The very idea that the share structure of a company is not part of the financial statements and is irrelevant is preposterous. One cannot possibly file completed financial statements and omit the section of the Balance Sheet titled “Liabilities and Stockholders’ Equity”. The very idea of such nonsense is gross negligence at the very minimum.
A basic accounting formula is Assets = Liabilities + Stockholders’ Equity. That is accounting 101 and preparation of financial statements 101. To ignore that the stockholders’ equity section is an integral part of the Balance Sheet and thus part of the financial statements is to be beyond ignorant in the knowledge of properly constructed financial statements.
Any attorney in the enforcement division working for the SEC who would entertain that idea let alone officially argue that the very share structure of a company’s financial statements is irrelevant should not only be sanctioned but should have their law license revoked and his/her brain examined.
As a CPA I am aghast at the Divisions in Limine Motion to exclude anything that would go directly to the preparation of the stockholders’ equity section of the balance sheet. The balance sheet is a required financial statement and is often accompanied by a separate breakdown of the stockholders’ equity section thereof. This separate statement is known as the Shareholders’ Equity Statement.
For your information, the Shareholders’ Equity Statement is designed as follows:
Balance, beginning of period [shares o/s x pps] Common stock issued [naked, legal or otherwise it’s out there] Common stock repurchased Stock-based compensation expense Stock-option income tax benefits/deficiencies Other, net Balance end of period
From the stockholders’ equity section of the basic balance sheet, primary f/s: Stockholders’ equity: Common stock and paid-in capital- shares authorized _____; outstanding ____ Retained earnings (deficit) Total stockholders’ equity Total liabilities and stockholders’ equity
Page 2 of 2
No words come to the mind of this CPA after reading the Division’s ridiculous and absurd position that anything having to do with the proper and accurate construction of the shareholders’ equity section of the balance sheet would be anything other than relevant.
In fact and of course all shares are relevant to the shareholders’ equity section of the balance sheet, naked or otherwise. If they’re out there, they must be included in the total shares outstanding field of the balance sheet.
I predict complete negligence and perhaps disbarment in your future if you do not possess the proper credentials and knowledge to understand the matter before you. Whatever school you went to for your education should be brought to trial if you cannot see that the shareholders’ equity section of the balance sheet is an integral component of properly constructed financial statements and is impossible to construct without the known share structure.
Posted by Doctoall on :
Legal, I am sure that the letter you posted will make the judge very happy, and most sympathetic to the cause of CMKX. "NOT" this person has insulted the judge, a great way to make enemies but sure as hell not friends.
IMO you should keep those correspondences to a minimum, no doubt insulting the judge is not going to help your case
Do yourself a favor, stop this persons letter writing. and tell them to lay off the kool aid, it will surely cause them to get Alzheimers Disease. Actually, it sounds like it may already be to late.
Posted by Upside on :
quote:For your information, the Shareholders’ Equity Statement is designed as follows:
Balance, beginning of period [shares o/s x pps] Common stock issued [naked, legal or otherwise it’s out there] Common stock repurchased Stock-based compensation expense Stock-option income tax benefits/deficiencies Other, net Balance end of period
The flaw here is in the "Common stock issued" section. They didn't issue naked shorted shares and they are not required to investigate the matter and report it on their financials. I agree with Doc, if this letter makes it to the judge it is not going to help their cause and could harm it.
Posted by ed19363 on :
Write enough letters like that, and the judge wont have to destroy CMKX. The shareholders will do it for her. And whoever this gal is, she needs Prozac with her Koolaid. We have already been told not to communicate with the parties involved, that's what the lawyers do. Letters like this can only hurt.
Posted by glassman on :
hot off the wire...
2005-05-04 11:49:02 CMKM Diamonds Updates Stockholders on the Status of the Upcoming Administrative Hearing
LAS VEGAS--(BUSINESS WIRE)--May 4, 2005-- CMKM Diamonds Inc. (Pink Sheets: CMKX) wishes to update all stockholders on the status of the upcoming administrative hearing set for Tuesday, May 10, 2005, as CMKX is preparing to present their case via a public hearing as ordered by the commission. CMKX has been diligently preparing for the administrative hearing by gathering and coordinating the compilation of documentation necessary to provide the administrative law judge with a status report on its accounting and 12g reporting efforts. "We have been working to assimilate a tremendous amount of documentation and gathering the necessary witnesses to prove our case at the public hearing," stated Urban Casavant, president of CMKX.
Posted by Doctoall on :
Las Vegas-- (Business Wire)--May 4, 2005
CMKX believes it is in the best interest of its stockholders to be informed about the securities in which its stockholders invest and CMKX acknowledges that all of its stockholders have a right to access public information
**What a crock of crap, if CMKX believed in giving information to the shareholders, then they would not be in this mess.**
Urban and CMKX are "mushroom farmers" keeping the shareholders in the dark and feeding them crap.
CMKX shares nothing with its shareholders period That is why we need the SEC to get us the information that we want.
More power to the SEC in helping to expose this scam and shutting it down.
Posted by legaleagle on :
LAS VEGAS--(BUSINESS WIRE)--May 4, 2005--CMKM Diamonds Inc. (Pink Sheets: CMKX - News) wishes to update all stockholders on the status of the upcoming administrative hearing set for Tuesday, May 10, 2005, as CMKX is preparing to present their case via a public hearing as ordered by the commission. ADVERTISEMENT
CMKX has been diligently preparing for the administrative hearing by gathering and coordinating the compilation of documentation necessary to provide the administrative law judge with a status report on its accounting and 12g reporting efforts. "We have been working to assimilate a tremendous amount of documentation and gathering the necessary witnesses to prove our case at the public hearing," stated Urban Casavant, president of CMKX.
The Division of Enforcement has requested a ruling from Judge Murray in advance of the hearing to prevent CMKX from discussing or providing any evidence of naked shorting in the common stock of CMKX. The Division of Enforcement contends that evidence of naked shorting is immaterial and irrelevant, but CMKX considers it very relevant.
CMKX believes it is in the best interest of its stockholders to be informed about the securities in which its stockholders invest and CMKX acknowledges that all of its stockholders have a right to access public information.
CMKX has been working with Bill Frizzell, counsel to the CMKX Owners Group. CMKX and Frizzell have been working diligently together in an attempt to achieve the best possible outcome for CMKX stockholders at the hearing. Frizzell's assistance in this important matter has been instrumental in moving CMKX closer in its goal of investigating and resolving all possible issues relative to the trading in CMKX's stock.
Additionally, CMKX management sincerely appreciates and acknowledges the CMKX Owners Group for its efforts in demonstrating loyal stockholder support for CMKX management's ongoing effort to build stockholder value. Information about the owners group and their current numbers can be obtained at their Web site (www.cmkxownersgroup.com).
CMKX reminds its stockholders and the investing public that all corporate updates will be made solely through press releases and/or current reports on Form 8-K as and when they become available.
Forward-Looking Statements
This press release may contain statements that constitute "forward-looking statements" as defined under U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "establish," "project" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are based on current expectations and assumptions that are subject to certain risks and uncertainties that could cause actual results to differ materially from CMKX's historical experience and its projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied in the forward-looking statements. Consequently, readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.
CMKX's actual results could differ materially from such forward-looking statements because of factors such as: impact of the results of the administrative hearing on CMKX's stock price; impact of the hearing on CMKX's operations; CMKX's ability to continue to trade on any platform; uncertain further regulatory scrutiny; the current state of CMKX's operations; unavailability of documentation and corporate records; the impact of potential naked short selling on CMKX's stock price and its ability to prepare its 12g reports; the impact of failing to meet 12g reporting requirements; the ability to rebuild financial records; any actual or perceived benefits derived from CMKX's cooperation with Frizzell and the CMKX Owners Group; timing necessary to comply with reporting requirements; lack of adequate internal controls; unforeseen capital deficiencies; changes in the mining and metals environment, including actions of competitors; the effectiveness of CMKX's development and drilling programs; regulatory and legal changes; and other risks associated with companies in similar industries. CMKX undertakes no obligation to publicly update or revise any forward-looking statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
-------------------------------------------------------------------------------- Contact: CMKM Diamonds Inc., Las Vegas Andrew Hill, 306-752-3755 or 877-752-3755 cmkxir@mail.casavantmining.com
Posted by Doctoall on :
SEC please expose these people for what they are and SHUT IT DOWN, Please SEC shut CMKX down, they never believed in giving the shareholder the truth.
SEC Hearing ==== Bye Bye CMKX
Hey Melvin you had better watch out Mount SEC is about to explode and the falling rocks will hurt you and the gang Urban et al.
Posted by legaleagle on :
DOC, GLASS, AT LEAST THEY PUT OUT THE FULL PR. WHAT'S WITH EXCLUDING THE PART ABOUT THE SHAREHOLDER GROUP?
Posted by legaleagle on :
As to the re-posting of the abadgoodgirl letter goes: First let me say that I do not agree with the personal attacks on the judge, but the accounting and ruling information was important.
But as to the personal part of it. Kind of "ugly" isn't it? And definitely has no business on a board like this, where "seldom is heard". LOL
Posted by Doctoall on :
quote:Originally posted by legaleagle: DOC, GLASS, AT LEAST THEY PUT OUT THE FULL PR. WHAT'S WITH EXCLUDING THE PART ABOUT THE SHAREHOLDER GROUP?
Legal the shareholders group has nothing to do with the lies that CMKX has been putting out there. If CMKX had been truthful and given the information about its assets, stocks they would not be in the position of being investigated by the SEC.
There should never have been an need for a shareholders group, just plain simple honesty on the part of Urban et al would have been fine.
SEC Investigation = CMKX going Bye Bye Posted by legaleagle on :
PR LAUNCHES MASSIVE REGISTRATION FOR OWNERS GROUP
Street Shares: 183,723,161,531 Cert Shares: 20,083,877,935 Total Shares: 203,807,039,466 Signed Agreements: 3031
Posted by Ric on :
Notice how they sneak in the real problems between the hype they are pumping to the cult in the disclaimer.
"the ability to rebuild financial records"
"lack of adequate internal controls"
"unforeseen capital deficiencies"
"the effectiveness of CMKX's development and drilling programs"
Posted by legaleagle on :
"CMKX's actual results COULD differ materially from such forward-looking statements because of factors such as:"
The "sneakiness" isn't in the PR, but in the method of quotation by some.
Posted by Ric on :
No it isn't. UC stated them clearly earlier but now has hid them and replaced the truth with NSS. He clearly stated that he couldn't do the financial because of voids in the records.
"the ability to rebuild financial records"
He stated that others ran the company badly and thats why the records were bad.
"lack of adequate internal controls"
It has nothing to do with the method of quotation. It has everything to do after he already stated that they were incompetent in running a public company and now changed there tune to no really its because we can't file because of NSS. George Bush would call these people a flip flopper. lol
Posted by bill1352 on :
abogirl is wrong, stocklien is wrong, the cult is wrong in fact every person the states you can't file because of a naked short has no clue to the laws & rules of the stock market & needs to get out completely. they have no business investing. they are the stock market's bagholders. there is no rule, law or even a mention that to file a true & accurate report you must include n/s shares. n/s'ing is illegel. legel documents do not require including illegel activities. filing requires that you report the a/s, the o/s & a share structure period. anything cmkx & its lawyers are doing now is being done to set up the next scam or to divert the lawsuits the cult would file against cmkx if the facts & truth were not completely buried in crap & clouds. UC would lose his new home & all else that was bought with the shares sold cash. family & insiders would be flushed along with him because all gains would be held till the suit was finished. think of how the cult would react if it came out UC sucked them dry. the same blind faith would become an unstoppable rage. blood would be called for.
Posted by Ric on :
I agree bill, all this diversion is nothing more then a way to hold off a law suit by the stockholders. If they can get the blame off them and try and blame the SEC for being revoke then UC hopes he gets to keep all his money that he made from the sales of cmkx shares to the tune of 704 billion.
Posted by ed19363 on :
Anybody notice GEMM isnt trading??
Posted by Wallace#1 on :
As per Rbitulsa post reposted by LEGAL:
1) The 10KSB requires us to report "outstanding shares"
2) The term "outstanding shares" is ambiguous. Is it shares issued by the corporation, or shares held by all its investors? (implying that we have two sets of O/S numbers, one equaling the number issued, the other equaling the number held).
ANSWER: The term "outstanding shares" is not the least bit ambiguous!!! It is "common knowledge" that it means shares authorized, issued and outstanding. There is no question about that as a FACT, and, legal should know that as well since he claims some accounting background.
As per abadgoodgirl post reposted by LEGAL:
The very idea that the share structure of a company is not part of the financial statements and is irrelevant is preposterous. One cannot possibly file completed financial statements and omit the section of the Balance Sheet titled “Liabilities and Stockholders’ Equity”. The very idea of such nonsense is gross negligence at the very minimum.
She also wrote: "As a CPA I am aghast at the Divisions in Limine Motion to exclude anything that would go directly to the preparation of the stockholders’ equity section of the balance sheet."
ANSWER: Judge Murry never stated that share structure is "not part of financial statements". She did say that it is "irrelevant". Those clowns at CMKX did not file financial statements (incl. in 10Ks, 10Qs, etc.) when they were required to do so. They did not file a Balance Sheet as required. THAT is a part of the charges and NSS has nothing to do with their refusal or neglect to file.
As a CPA the original poster (and the reposter with a supposed background in Accounting) should very well know that for FACT. Had they filed a Balance Sheet, all they had to include is what was presented by both themselves and the TA as to the accurate number of shares "authorized", issued and outstanding!!! No need to worry about NSS, whether it exists/existed or not!!!
How in hell the original poster can be called a CPA is beyond me. If that is her level of logic and knowledge, she must screw up every Balance Sheet with which she is involved.
Finally, as posted by LEGAL:
"...but the accounting and ruling information was important."
ANSWER: It was both misleading and inaccurate as it relates to the charges made by the SEC against CMKX, and, legal should know that if he has had any Accounting training (even Accounting 101)!!
Posted by legaleagle on :
bill1352 Member
Member Rated: posted May 04, 2005 13:12 -------------------------------------------------------------------------------- abogirl is wrong, stocklien is wrong, the cult is wrong in fact every person the states you can't file because of a naked short has no clue to the laws & rules of the stock market & needs to get out completely.
EVERYONE IN THE WORLD IS WRONG BUT ME
Posted by legaleagle on :
Street Shares: 205,640,749,089 Cert Shares: 21,256,514,046 Total Shares: 226,897,263,135 Signed Agreements: 3426
OVER 3400 PEOPLE NOW DISAGREEING WITH YOU BILL
Posted by legaleagle on :
vipergirl Dr. Of Diamonds
member is online
Gender: Posts: 194 Re: Come on 3400 « Reply #15 on: Today at 3:29pm »
-------------------------------------------------------------------------------- on Today at 3:24pm, J wrote:By all means... Please add them to this thread.
Thanks.
*******************************
Total Shares: 68,181,961,144 Signed Agreements: 740 4:28pm 4/13
Total Shares: 70,859,033,342 Signed Agreements: 778 8:22pm 4/13
Total Shares: 77,999,163,749 Signed Agreements: 816 9:00am 4/14
Total Shares: 81,567,388,865 Signed Agreements: 860 2:00pm 4/14
Total Shares: 83,026,954,069 Signed Agreements: 896 8:30pm 4/14
Total Shares: 85,264,899,119 Signed Agreements: 919 8:45am 4/15
Total Shares: 85,641,131,497 Signed Agreements: 947 6:00pm 4/15
Total Shares: 85,753,721,502 Signed Agreements: 949 10:30am 4/16
Total Shares: 85,997,107,889 Signed Agreements: 958 8:30pm 4/16
Total Shares: 87,533,869,789 Signed Agreements: 971 12:00pm 4/17
Total Shares: 87,707,369,787 Signed Agreements: 976 5:00pm 4/17
Total Shares: 87,771,369,786 Signed Agreements: 980 7:00pm 4/17
Total Shares: 88,131,035,040 Signed Agreements: 985 8:30am 4/18
Total Shares: 88,931,243,875 Signed Agreements: 995 10:15am 4/18
Total Shares: 89,134,944,616 Signed Agreements: 1008 5:00pm 4/18
Total Shares: 93,944,652,615 Signed Agreements: 1063 1:00pm 4/19
Total Shares: 96,973,830,929 Signed Agreements: 1103 4:00pm 4/19
Total Shares: 99,092,267,017 Signed Agreements: 1122 5:00pm 4/19
Total Shares: 103,291,739,473 Signed Agreements: 1148 6:45pm 4/19
Total Shares: 104,293,591,185 Signed Agreements: 1171 9:00pm 4/19
Total Shares: 104,591,420,547 Signed Agreements: 1192 8:00am 4/20
Total Shares: 104,899,090,448 Signed Agreements: 1200 9:35am 4/20
Total Shares: 106,156,194,039 Signed Agreements: 1227 4:00pm 4/20
Total Shares: 109,415,172,401 Signed Agreements: 1262 7:30am 4/21
Total Shares: 110,546,578,260 Signed Agreements: 1274 10:30am 4/21
Total Shares: 114,380,195,536 Signed Agreements: 1297 12:30pm 4/21
Total Shares: 115,972,914,477 Signed Agreements: 1326 5:00pm 4/21
Total Shares: 118,528,403,087 Signed Agreements: 1365 8:00pm 4/21
Posted by legaleagle on :
fri apr 22 - 1574 - 134,458,658,147 sat apr 23- 1701- 141,348,021,450 sun apr 24 - 1809 - 147,333,394,489 mon apr 25 - 1993 - 154,864,978,935 tues apr 26 - 2192 - 167,423,870,863 wed apr 27 - 2226 - 171, 335,865,378 thurs apr 28 - 2427 - 176,544,862,138 fri apr 29 - 2617 - 184,497,270,381 sat apr 30 - 2587 - 182,527,553,864 sun may 01 - 2704 - 187,431,372,688 mon may 02 - 2724 - 188,157,184,491 tues may 03 - 2869 - 196,683,430,177 wed may 04 - 2938 - 198,956,829,709 thurs may 05 - 3397 - 225,199,179,844 (company announces support)
Posted by Runamuck on :
that is a great site.......the scammy awards...........LOL
Posted by Wallace#1 on :
legal,
Is providing a count of cult members all you can say at this point? How about some meat for us to chew on and spit right out? There just must be something you can say that justifies a response.
Posted by will on :
"BRICKHEAD"
I liked that, ed.
Posted by bill1352 on :
legel having the cmkx cult disagree with me is a positive thing. i didn't make the rules. i'm not part of the federal gov. i'm not in congress. i'm not part os the SEC, DTC, YMCA or any other organization. the laws & rules concerning filing reports are there for anyone to see. the new stricter rules do not say all naked shorts are to be included thus not filing for lack of info to include naked shorts is BS with a very large S. this so called CPA must not only be drinking the kool-aide but she must be blonde too. (just kidding on the stupid blonde thing...sort of...lol). the cliche's that go with this are endless..2 wrongs don't make a right, if your friends jump off a bridge do you & so on. what cmkx's lawyers are doing is just what a defence lawyer is supposed to do when the client is caught red handed, smoking gun in plain view, on video tape & with 3 priests & a nun as witnesses divert & cloud the issue in hopes of escaping with your skin. it doesn't matter if cmkx was n/s'ed 15 trillion shares it does not excuse not filing.
Posted by Ric on :
The thing about it to, if they had filed they would have been able to prove it. But since we all know it was to coverup a P&D it doesn't really matter. Revoked
Only bad thing about the 10th is the judge has another 68 days to make a decision. Just hope its quick so this dilusions can end.
Posted by Ric on :
I just wonder what the response will be when the SEC proves that they sold illegal share as a money making scam. Here is you one; He had to rip us off so he could raise money to buy a new drill that wasn't duck taped together, lol.
Posted by bill1352 on :
ric the cmkx lawyers get paid by the hr. UC sold 703 billion shares plus the other cash he got selling parts of the claims & they know it.....it will be weeks before they shut up in court...lol
Posted by Doctoall on :
SEC please expose these people for what they are and SHUT IT DOWN, Please SEC shut CMKX down, they never believed in giving the shareholder the truth.
SEC Hearing ==== Bye Bye CMKX
Hey Melvin you had better watch out Mount SEC is about to explode and the falling rocks will hurt you and the gang Urban et al.
The death of CMKX has already happened but we all know that the greiving process can linger on, especially when the cult won't seek professional help. Geez give it up already, CMKX is DEAD The SEC will confirm that real soon.
Posted by bill1352 on :
i dont have proof nor any real info to this effect but i have a hunch SGGM will end up with the claims. a/s is 900 billion, UC has 200 billion. $10 million in cash pays for a lot of lawyers. why would a shell company pay $10 million & 200 billion shares for claims that have no proof they have value other then next to 2 claims getting close to being worth mining. the claims the core samples came from are gone to another company. USCA's Q10 said that in the claims next to shore & debeers they had yet to hit kimberlite of enough amounts to be worth commercial mining let alone hold large amounts of diamonds. if UC gets banned from running or being part of a public company again he has 200 billion shares. it has the smell of another cmkx all over again.
Posted by will on :
I think Wallace said it all right here!
quote:Originally posted by will: "R: It is a very simple matter for UC/CMKX to give you a share count, including the actual float or number of shareholders. It is simply a matter of demanding the TA poll the brokers holding shares in street name to each provide the TA with their total number of CMKX shareholders (not individuals). That's 1 figure from each broker and probably not more than 15-25 brokers involved. Put the burden and the responsibility where it belongs...."
The truth is right there. There is no other polls, organizing, share counting or anything needed, save that being disclosed.
Case closed!
Posted by Upside on :
Federal court 5/10/05
Judge Murray: Mr Frizzel, you represent a group of CMKX shareholders, correct?
Attorney Frizzel: That's correct your Honor.
Murray: How many shareholders are in your group Mr. Frizzel?
Frizzel: Approximately 4000 at last count.
Murray: And how many shares do they hold as a group?
Frizzel: Approximately 300 billion your Honor.
Murray: Pardon me Mr Frizzel, you said 300 million, correct?
Frizzel: No your Honor, 300 billion, with a "b"!
Murray: (long pause) Mr. Frizzel, how is that possible? No company in history has ever issued 300 billion shares! Are you trying to make a mockery of these proceedings?
Frizzel: Honest Injun your Honor, 300 billion. Heck, that's not even half of the o/s.
Murray: (another long disbelieving pause) Mr. Casavant, what is the o/s of your company?
Urban: (coughing to cover his words) 700 billion your Honor.
Murray: Did I hear you through your retching correctly Mr. Casavant, 700 billion?
Urban: Yes your honor 700 billion. You see we had to issue that many because of the naked shorts and the double naked shorts and Debeers and......
Murray: (slams down gavel) REVOKED!
Posted by Dustoff101 on :
OK, who is the wise guy that bought at .0006 yesterday? ya damn near got me going for a minute.
Posted by Ric on :
Well it does let us know what ask is .00006, thats one nice thing about fat finger on a stock selling in the 5th digit.
Posted by ed19363 on :
3397....wow, I didnt think that many idiots had bought this scam....LOL
Posted by ed19363 on :
P.T. Barnum was right...there is one born every minute.....
Posted by JohnnyRotten on :
703 billion at .0001 is only 70 million market cap Ed. What is the market cap of most medium sized mining companies?
If CMKX ends up with a value of 7 billion that is a 100 fold gain. Shore Gold's latest find was recently valued in the 7 billion range.
Anyone who says CMKX is a stupid play just doesn't get it. If over the next 5 years I turn 1000 dollars into 100 thousand dollars I will be pretty happy.
Next, the NSS issue is relavent because the company is obligated to state all material facts. You cannot just say OS is 700 Billion knowing there are a trillion NSS, and be off the hook. The material fact is that your investment will not make you money because no matter what equity we build they will just keep issueing counterfit shares.
As a material fact it must be reported.
Next, the DTCC is liable not just the brokers who sell the shares and create customers. They must first borrow the shares and then keep them open past the service time of reasonable liquidity needs.
It is a crime to borrow while never intending to repay. It is also a crime to lend to the detriment of the company you are to help.
I believe our defense is very reasonable. The PR stated they knew that NSS was not an excuse for not filing over "extended periods", that is why they are only using this as a short term defense for the 60 day period.
Also, if the owners group numbers badly exceed the float as many speculate, doesn't that mean that UC and company own most of the shares. At least 2/3.
People bashing this just don't get it. It is true it may be a scam. To this point that is unproven. Possibe, yes. Probable, maybe 50/50 unless you realize all the people with reputations who have said it is legit. Stocklein said in a pr it is a viable company.
Do you really think a nationally recognized securities firm would say that publicly if it wasn't a viable concern?
Posted by will on :
Pretty big jump in suckers in one day, 459. Makes one wonder how forthright and accurate that number really is. 27 billion more shares accounted for too, better than 10% of the total. Of course, I see the company announced support, so that will be the given reason. Only a little less than a half a trillion to go, 6 days. Old UC and family better be holding a lot of paper.
Posted by Ric on :
JohnnyRotten said
"Also, if the owners group numbers badly exceed the float as many speculate, doesn't that mean that UC and company own most of the shares. At least 2/3."
Cant be true because UC already stated that shareholders of records were only 407 billion. So all restricted, UC shares, JV shares, and USCA shares must be part of the shareholders of record. Also the cert holders and shares given to family. You can't claim UC doesn't know how many shares he owns or has given away, all those shares are of record. He can't vote shares not of record. So float is greater then 397 billion. We just don't know how much more. And with that float this is a worthless company.
That much dilution without informing investors is a scam and should be shut down.
Posted by legaleagle on :
quote:Originally posted by will: Pretty big jump in suckers in one day, 459. Makes one wonder how forthright and accurate that number really is. 27 billion more shares accounted for too, better than 10% of the total. Of course, I see the company announced support, so that will be the given reason. Only a little less than a half a trillion to go, 6 days. Old UC and family better be holding a lot of paper.
will, the shareholders group is being constantly monitored for any falsifications. Early in it's infancy, a shareholder was caught trying to pump the numbers. The FBI was called and the IP was traced to the perpetrator. The FBI has been monitoring the process ever since. A shareholder friend of mine who was looking into the background of the group before joining, received a call from the FBI inquiring into his interests in the group. They are serious as a heart attack in monitoring the share count of the group, as they know that they may, and probably will be challenged on the count.
Posted by legaleagle on :
BY THE MINUTE:
Street Shares: 214,562,227,435 Cert Shares: 21,524,976,045 Total Shares: 236,087,203,480 Signed Agreements: 3535
Posted by legaleagle on :
THAT'S 109 NEW MEMBERS IN 3 HOURS. AND 10 BILLION NEW SHARES.
Posted by legaleagle on :
FINALLY WILLY JUMPS IN:
Willys post reference to Frizzle sign up « Thread started on: Today at 6:38pm »
I am announcing to you all I signed up my 928,548,440 million CMKX shares today. This sign up was done by singing up at the http://www.cmkxownersgroup.com/ . I was't real upbeat on joining the Frizzell support group but I felt my share count might help out.
Why!
If a naked short can be proven by shareholders totaling our votes I feel it's my duty to help.
It's always been known via press releases Urban was going to retire shares of CMKX and file financials. Without a share count falling within the real OS it is impossible for CMKX to file.
This could happen.
CMKX could go to court next Tuesday with a filing complete except the true share count…WHY?
1. What if UC was to retire all shares except apx. 50 billion right before court. 2. Frizzell's cmkxownersgroup has reported 300 billion in street name plus and additional 20 billion plus certs held
If 300 billion shares are actually reported with street names and brokerage names where these shares are held, then add in 30 billion certs held by shareholders something is smelly with this picture. I think we could be safe to say CMKX has a Naked Short problem so how could CMKX verifiably file accurate financials The answer is "They Can't verify accurate share count because of billions of counterfeit shares that are in the market.
When the judge hears this the only thing she could do would be to call the federal government/justice department (her responsibility) this forcing a federal call on all DTC/firms/individuals/hedge funds to cover NOW!!!! Now the market system would experience the largest Fed Call in history. This could be the mega shorty squeeze of all times.
I suggest to all *********** Readers to sign up now at the cmxkxownergroup web site. Here is the url http://www.cmkxownersgroup.com/ and yes I paid $25 for my part. Also you will see current share count which is growing quickly.
Thank you,
Hal Engel aka ***********
Posted by legaleagle on :
KEVINW777 IS ONE OF THE LEADERS OF THE NS AND OG EFFORTS
Please Read - From Kevin777:
Hello everyone! I have been wanting to post, but somehow.. someone found a way to keep me from posting anything on any board in RB. It’s not my computer, as others can log into their name and post from here. People are sending virus’s and trying to find all kinds of ways to deter our efforts to fight the NSS, but we will not fail to continue our efforts.
I am happy to finally see this PR today that officially tells everyone what the company has really been telling us all along. They are behind the COG and they are going after the NSS and the SEC. You see, in the story of David and Goliath… David ran out to meet Goliath on the battle field, HEAD ON! In the story of CMKX (David) and SEC (Goliath) … David is running to the battle field to fight this battle HEAD ON!
A thing to note, it seems that Knight Securities is now a popular visitor to our website on a daily basis…. And many visitors from NJ have appeared. This is a war everyone, with lots of money at stake! More money can be lost by the enemy with this one stock, than any other out there, imo
Remember always… In God we Trust and United We Stand!
God Bless,
KW
Posted by joesturbo on :
Wallace, ric and other bashers...
The SEC hauling in CMKM only has to do with a minor infraction of not filling properly due to SEC regulations. This does not warrant revocation and the SEC does not have a history of doing so based on prior cases. You like to call it a cult, and other negative names that make you feel like real men. It is sad that you even post to the CMKM section, why not leave people here to discus what they want. You will not save anyone by calling names and posting irresponsible remarks.
I believe the NSS issue is at the center of the problem. You may take the stance that NSS does not exist like the DTC and what NSS does exist is part of normal market regulation and control. People just like you made similar statements before the 29 crash. They could not see around all of the smoke and mirrors of the market regulators.
You dismiss the SEC's own rule SHO and company's like USCA who have been on their since the begining - They should not have been on their per the regulations own rule longer than 15 days. Yet the SEC has yet to do anything about it. Look at Global links, and what Senator Bennit raised with the SEC chairman. It is sad that you guys choose to side with those that are ripping off the American Market.
I believe Urban & Co. in 03 knew that there were 300+ shareholers, then the DTC reported back to them that there was 600+. This I believe is the reason why they did not file, and the reason why the NSS issue will come to a head.
Posted by joesturbo on :
legaleagle - I'm with you bro... Hang tough, they don't seem to get what this whole picture is about. They don't bring up the fact of all of the claims, mines in SA and people like Maheu being involved. I went to the races in Bristol over the weekend. I spoke to RON C. and I can tell you that if any of these guys on here ever meet him or Urban they would change their toon. It has been a while since I posted on here because of all the bashing and holier than though attitude that some of these guys have.
Joe
Posted by Ric on :
roflmao
Posted by Wallace#1 on :
legal reposted: FINALLY WILLY JUMPS IN:
Weird Willy is one of the biggest pumpers out there!!!
Posted by joesturbo on :
quote:Originally posted by Wallace#1: legal reposted: FINALLY WILLY JUMPS IN:
Weird Willy is one of the biggest pumpers out there!!!
And that you are one of the biggest bashers...
Posted by Wallace#1 on :
joesturbo certainly got it right with the following:
"I can tell you that if any of these guys on here ever meet him or Urban they would change their toon."
Guess I will watch Mickey Mouse instead. LOL
Posted by Wallace#1 on :
Somehow, this guy joesturbo sounds VERY familiar!
If it is who I think it may be, I have your state, city and street address for the cops. However, if you are a redneck from NC, you cannot be that pc of schit.
Posted by joesturbo on :
Phat phingers on a laptop are my excuse - what is yours and why are you here?
Posted by Wallace#1 on :
quote:Originally posted by joesturbo: Phat phingers on a laptop are my excuse - what is yours and why are you here?
Don't get yourself so up tight and excited pal! It's not the end of the world.....YET!!!
By the way, on a keyboard the "u" is two keys to the left of the "o" and the "n" is way down in the bottom row of keys. That's not "Phat phingers", that's a "Phloppy Phist"!!! LMAO
Posted by legaleagle on :
I DON'T THINK IT'S HIM WALLACE, HE WOULDN'T HAVE BEEN SO NICE TO YOU. LOL
Posted by joesturbo on :
I am sick and tired of you and your pals - who have a agenda on this board. You know nothing more than what is in the PR's and yet you decide to promote your own agenda. If you are not a shareholder leave this posting area. If you are, then either sell or contribute to the stock and the information around it.
Again I ask Why are you here?
And I am not your pal... Pals do not make snide comments to one another. I have been here for over a year just choose to not post that much.
Posted by will on :
"I spoke to RON C. and I can tell you that if any of these guys on here ever meet him or Urban they would change their toon."
Believe me, I met Ron at the Chicago race, talked to him for a good while, and was not impressed at all. If you see some hidden intellegence or talent you must have some antenna, pal. He's just another hick from the North.
Posted by Wallace#1 on :
Yeah, legal, I got carried away. I now think it is not him....but he was working up to it, huh?
Posted by legaleagle on :
SEC REQUESTS 'NO CAMERAS' IN THE HEARING. CITING SCOTT PETERSEN, ROBERT BLAKE AND MICHAEL JACKSON, THE SEC REQUESTED THAT NO CAMERAS BE ALLOWED IN THE COURTROOM. SO MUCH FOR "TRANSPARENCY". SO MUCH FOR SEC SANITY.
NAH, I THINK JOE JUST DOESN'T LIKE YOU, AS MUCH AS I DO.
Posted by Wallace#1 on :
Now look here, joeturdbowl, what's your real beef? Bought too many CMKX shares and now realize you should not have done so? See the writing on the wall for UC, Melvin, CMKX, Glenn and having fits? Come on "PAL", lighten up! Like I said it's not the end of the world and is a good learning experience for you and other cult members.
Posted by Wallace#1 on :
quote:Originally posted by legaleagle: NAH, I THINK JOE JUST DOESN'T LIKE YOU, AS MUCH AS I DO.
That was one of your VERY BEST POSTS!!!!! Really LMAO. Of course, none of us ever said you have no sense of humor. I WILL miss you!
Posted by legaleagle on :
Diamond deposit worth may be $6 billion High diamond values in Fort a la Corne makes mine more feasible
BY ROBERT ARNASON Journal Reporter Wednesday May 04, 2005
Kirsten Marcia examines a Fort a la Corne diamond. (Photo courtesy Shore Gold)
Nipawin Journal — Diamond deposit worth may be $6 billion High diamond values in Fort a la Corne makes mine more feasible BY ROBERT ARNASON Journal Reporter “Better a diamond with a flaw than a pebble without.” -- Confucius. Shore Gold, a Saskatoon based mining company, doesn't have to worry about flawed diamonds anymore. This winter they sent a parcel of their diamonds to Belgium for evaluation, when the results came back in late February they were ecstatic. "We were hoping for $100 (U.S.) per carat, that we got $135 (U.S.) is fantastic for the project," said Kirsten Marcia, a geologist with Shore Gold. "The global average of diamond mines is $70 (U.S.) per carat." Marcia and George Sanders, vice president-corporate development with Shore Gold, presented an update on Shore Gold's Fort a la Corne diamond project at the Nipawin Seniors Centre on April 27. The 100- people in attendance learned that Shore Gold's deposit 75 km west of Nipawin may contain $6 billion of diamonds. In the spring of 2004 Shore Gold dug a 250-meter shaft on their Fort a la Corne property and began extracting kimberlite (a diamond bearing volcanic deposit). By last fall they had removed 25,000 tonnes of kimberlite and recovered over 3000 carats of diamonds, which were sent to Belgium for valuation. Color, clarity and size are some of the factors that determine the value of diamonds. "The diamond values (at Fort a la Corne) are higher than in the Northwest Territories, " said Marcia, who added that 70 per cent of the diamonds were white. Marcia explained to the crowd at the seniors centre that three factors determine the value of a deposit; the tonnage of kimberlite, the grade and the value of the diamonds. The Shore Gold deposit at Fort a la Corne is huge. One of the kimberlite pipes, named Early Joli Fou, has 240 million tonnes of diamond bearing rock it is one of the largest deposits in the world. In comparison, the Diavik mine in the N.W.T. only has 30 million tonnes of reserves. However, the grade (concentration of diamonds) of the Shore Gold kimberlite is 15 carat per hundred tonne (cpht), much less than the 800 cpht of Diavik. While the grade is lower, the huge amount of kimberlite rock and the high value of the diamonds make up for it. "It's large enough to be a stand alone deposit and a stand alone mine," said Sanders. He added that if a mine is built, there should be diamond mining in the area for the next 40-50 years. Building a mine is still several years away. The next step in the project is a pre feasibility study. Shore Gold will spend the next 24 months drilling holes in a grid, 100 metres apart. The extensive drilling is needed to verify that diamonds are plentiful across the entire deposit. The company also needs to calculate the cost to construct and operate the mine. Marcia told the crowd at the Seniors Centre that the potential mine has a huge cost advantage because the site is not in the middle of the jungle, or like the Diavik mine, in the middle of a lake. "We actually ordered a pizza to the site, just to prove that we can," she said. In addition to the good news regarding the value of their diamonds, Shore Gold's finances got a boost this winter. In late February Newmont Mining invested $50 million into Shore Gold. "They (Newmont) are the largest precious metal company in the world," said Sanders Prior to Newmont's investment, only resource funds and small cap funds were investing in Shore Gold. Having them on board changes the playing field; institutional investors and brokers are now interested in diamond mining in Saskatchewan. "It opens up a whole new audience. The big guns in mining world are now interested in our diamond project," Sanders said. The evening of good news at the Seniors Centre ended with a question from the audience. Marcia, who is from Estevan, was asked: "You're a woman and you are from Saskatchewan, so you're bound to be honest. What is the process to insure that the diamonds per tonne (and other results) are accurate?" Marcia reassured the crowd that all results are based on international standards and the diamond valuation was conducted by independent companies.
Posted by Upside on :
Originally posted by joesturbo:
quote:The SEC hauling in CMKM only has to do with a minor infraction of not filling properly due to SEC regulations. This does not warrant revocation and the SEC does not have a history of doing so based on prior cases.
Nice bit of research you did there joe. I suggest you do some dd in the future before you make any more bold proclamations.
Posted by will on :
...and you and the foolish faithful have the same information and PR's, and promote your misleading, delusional, agenda misguiding others to invest in the worse play of a lifetime. At least our comments are based on known facts, not stretching the thruth, assuming, theorizing, misquoting, and out and out wishful foolish thinking.
PAL!
Posted by legaleagle on :
quote:Originally posted by Wallace#1:
quote:Originally posted by legaleagle: NAH, I THINK JOE JUST DOESN'T LIKE YOU, AS MUCH AS I DO.
That was one of your VERY BEST POSTS!!!!! Really LMAO. Of course, none of us ever said you had no sense of humor. I WILL miss you!
WHERE YA GOIN???
Posted by joesturbo on :
quote:Originally posted by Wallace#1: Now look here, joeturdbowl, what's your real beef? Bought too many CMKX shares and now realize you should not have done so? See the writing on the wall for UC, Melvin, CMKX, Glenn and having fits? Come on "PAL", lighten up! Like I said it's not the end of the world and is a good learning experience for you and other cult members.
Funny words with a sig like yours... No problem here, Free shares all day long... Funny you won't answer the question - Why are you here? To save us all from the evil Urban?
Posted by will on :
"joeturdbowl"
Good job, Wallace. I'm proud of you, you're getting the idea. I'll add him to ballicker and nutsac.
Posted by joesturbo on :
LOL good try upsidedown... I have read all of these and I would think you could pull something of substance out of your hat. I know you guys have bashing programs, but geeze could you at least refresh the database and not post the same BS you post on RB?
Posted by Wallace#1 on :
joeturdbowl wrote: "Again I ask Why are you here?" *****************************
Well, "PAL", I have owned CMKX and sold it. However, owning it or not is not the qualifying criteria.
Do I have be a murderer to have an opinion of such? Do I have to be a Christian to have an opinion of such? Do I have to be an alcoholic to have an opinion of such? Do I have to be a drug pusher to have an opinion of such?
I never did understand the mental capacity of anyone making such a statement as suggesting someone must own the stock to have an opinion or to discuss the merits or disadvantages of any stock on a forum. Exactly what is your agenda in promoting it? Do you really know? If so, tell us!
AND PLEASE NOTE, "PAL", I have not suggested either you or anyone else go elsewhere to post about CMKX, UC and cohorts.
Posted by Wallace#1 on :
quote:Originally posted by will: "joeturdbowl"
Good job, Wallace. I'm proud of you, you're getting the idea. I'll add him to ballicker and nutsac.
Will, I was wondering when you would chime in!!! LOL
Posted by Upside on :
quote:LOL good try upsidedown... I have read all of these and I would think you could pull something of substance out of your hat. I know you guys have bashing programs, but geeze could you at least refresh the database and not post the same BS you post on RB?
joesturbo = goforit. Glad you're back, it's been boring here without you.
Posted by Ric on :
I guarentee that all in here don't have any worries if we have a right to post on any thread. This is so stock is so obvious its funny. But one thing for sure is we try and keep it unpersonal. Sometimes its not but the regulars here have our opinions and express them. I disagree with some on this board about the stock but never had a problem with any person. I like everyone in here and if you don't like us then your more then welcome to leave.
Posted by Wallace#1 on :
Up,
Is that who joesturdbowl is? I knew he sounded familiar. So many of the cult members do carry their own signature, huh? Bet he's just some kid about 31 yrs of age....still wet behind the ears! LOL
Posted by joesturbo on :
quote:Originally posted by Ric: I guarentee that all in here don't have any worries if we have a right to post on any thread. This is so stock is so obvious its funny. But one thing for sure is we try and keep it unpersonal. Sometimes its not but the regulars here have our opinions and express them. I disagree with some on this board about the stock but never had a problem with any person. I like everyone in here and if you don't like us then your more then welcome to leave.
Ric, I totally agree and understand. But when you look at peoples posting history and all they have to contribute is negative remarks about a company and the people who have invested in it, what is the point? I don't have any beef with anyone but when people are either pumping or bashing it is the same thing. When people make fun of others to make themselves feel better, it is just not right.
Posted by Ric on :
I looked at his past post. He hasn't posted since June 18th and all the post he ever made I could not find one that had any substains to them. All one liners, well maybe two lines. And last post was bashing Bigrod40. Most all on cmkx except a few on prim.
quote:Originally posted by Wallace#1: Up,
Is that who joesturdbowl is? I knew he sounded familiar. So many of the cult members do carry their own signature, huh?
Posted by Upside on :
originally posted by Wallace #1:
quote:Up,
Is that who joesturdbowl is? I knew he sounded familiar. So many of the cult members do carry their own signature, huh? Bet he's just some kid about 31 yrs of age....still wet behind the ears! LOL
Same guy in my opinion. Do a member search for goforit and look up his old posts. Same guy.
Posted by Upside on :
So, joesturbo/goforit, when you last left us you said you we're going to post here every day that myself, Will, Wallace, Bill, Highwaychild, and a few others were paid bashers. What ever happened to that?
Posted by will on :
Hey joeturdbowl. I am not trying to save anyone from anything. I want you to buy more. I want you to invest all your hard earned money in this pos. I want you to steal from your loved ones and throw that in here too. I want you to go your church and promote it there, I want you and everyone you know to buy this pos with your very last pennies. I want debbie to continue to buy, I'd love to see Van and noah, and all the others buy more. I wish that Wierd Willy guy had 100 billon shares and was buying more. Y'all will be so pleased after the 10th. BUY! BUY! BUY! Please buy more !
Posted by Wallace#1 on :
You are right, Upside. Did a check and the first name that comes up is "joeturdbowl's" followed by all of "goforit's" posts.
He sure did have a lot of kind words for my friend, eloquent Will.
Here's another posters response to his statements:
"hey goforit, put up or STFU!"
And that "PAL" of mine sure had a lot of nerve including Highwaychild with all of us as a paid basher!!! Time to object, Hwy!
Posted by Upside on :
I haven't forgotten about your 15 cents either Wallace. Patience.
Posted by will on :
Is that the goof that said CMKX would be .10 by the end of September? Or some nonsense.
I would love to see these fools buy as much as they can, seriously. Steal from your Moms, mother's day is coming, cheat her out of her present and buy CMKX. Your moms are probably pretty old, you can con her out the rest of her life's saving and buy more CMKX..any old aunts, uncles?
Posted by Ric on :
$1.60
Posted by Wallace#1 on :
Will wrote:
"Is that the goof that said CMKX would be .10 by the end of September? Or some nonsense."
Will, that must have been Patience....referred to in Up's post above. LOL
Posted by will on :
BUY! BUY! BUY! Buy more, show 'em you believe in Urban, show 'em you believe in CMKX, show 'em you believe in those claims. show 'em that Maheu has the SEC by the throat and is spitting in their face, show 'em the SEC and DTC conspired to cheat you and Urban took them on and won. Show 'em, BUY! BUY! BUY! Buy more!
Posted by Wallace#1 on :
YEAH!!!
Hey, remember legal posting just that? "BUY! BUY! BUY!"
Or was that noahltl?
Posted by Highwaychild on :
LOL, ME, I'd rather be considered...an equal opportunist.
Posted by Wallace#1 on :
quote:Originally posted by Highwaychild: LOL, ME, I'd rather be cconsidered...an equal opportunist.
Too late, bud. You're in now!
Posted by Highwaychild on :
I try to get out, but they keep pullin' me back in!
Posted by will on :
Seriously, I want you guys to buy more. Steal from your relatives if you are out of money. GOD Man! This is CMKX, it's ok, everything is going to be allright. Urban will make the SEC back down. The Judge will be sympathetic to your cause. Ya'll will be rich, and you'll be able to take care of al your relatives then and pay them back tenfold. Do it, BUY! BUY! BUY! Buy more! You will never have an opportunity like this again, a company with 703 Billion O/S, and under a SEC investigation threatening to revoke their shares. Never again will things be this bad, it can only get better from here. You will be RICH, a million millionares!
Posted by Wallace#1 on :
quote:Originally posted by Highwaychild: I try to get out, but they keep pullin' me back in!
Hell, we need a little religion here, but VERY little. You can be Friar Tuck.
Posted by will on :
BUY! BUY! BUY! You're no one if you don't have a 100 million shares!
Posted by Ric on :
I think they all need to buy at least as many as willylizard 928 million shares. You get koolaid by the gallon jug instead of the glass at that level.
Posted by Doctoall on :
quote:Originally posted by joesturbo: I am sick and tired of you and your pals - who have a agenda on this board. You know nothing more than what is in the PR's and yet you decide to promote your own agenda. If you are not a shareholder leave this posting area. If you are, then either sell or contribute to the stock and the information around it.
Again I ask Why are you here?
And I am not your pal... Pals do not make snide comments to one another. I have been here for over a year just choose to not post that much.
Pal: I am a shareholder and while I hold useless shares that I cannot sell, I will voice my opinion here. I admit that in the past I believed in this stock and posted nothing but positive on this thread, and then all this crap with not giving us any info, yes I am a shareholder but one who believes that my money is gone and will never be seen again.
Show me proof that my shares will get over 0.0001 and I to will believe, until then all CMKX has to offer is hype and that is my opinion.
And as you have I will post as long as I feel that I want to post. Of course you believers could buy my shares at $1.25 per share as you believe that they are worth at least that. But the interesting thing is that all you folks who pump this stock won't take me up on my offer. I wonder why or is it just useless stock as I suspect? Posted by bill1352 on :
legel, i'm glad you have brought 1 of your cult buddies but next time please try to find 1 that at least understands there are 2 sides to a coin. joewhatever, i paid good money to bash in here, close to a $800 loss. when i figure i have gotten $800 worth of entertainment i'll leave. might even go for an entertainment profit...lol sure not going to get any type of cash profit. oh & joewhatever i'm still looking for my first paid basher check so you can't count that against my cmkx books. books i might add that are in better shape then cmkx's according to your fearless leader UC. as for no camera's in court...very few big cases allow camera's & yet the news & what is said gets out. in this case all that is needed is a handful of numbers. dont think a camera will be needed for that. i'm thinking 1 ink pen & a notebook. might i add also a better book keeping system then it seems cmkx had according to your fearless leader UC
Posted by Highwaychild on :
quote:Originally posted by Wallace#1:
Hell, we need a little religion here, but VERY little. You can be Friar Tuck. ---------------------------------------------------------------------------- Not sure what you mean,rackin my brain...you mean the man standing between the what is, and the what will be?If so,I don't know.But I sure hope UC is robbing from the rich and giving to the poor , and not beating them over the head with a shaft. I mean staff. LOL!
Posted by Doctoall on :
quote:Originally posted by Doctoall:
quote:Originally posted by joesturbo: I am sick and tired of you and your pals - who have a agenda on this board. You know nothing more than what is in the PR's and yet you decide to promote your own agenda. If you are not a shareholder leave this posting area. If you are, then either sell or contribute to the stock and the information around it.
Again I ask Why are you here?
And I am not your pal... Pals do not make snide comments to one another. I have been here for over a year just choose to not post that much.
Pal:( as you say) I am a shareholder and while I hold useless shares that I cannot sell, I will voice my opinion here. I admit that in the past I believed in this stock and posted nothing but positive on this thread, and then all this crap with not giving us any info, yes I am a shareholder but one who believes that my money is gone and will never be seen again.
Show me proof that my shares will get over 0.0001 and I to will believe, until then all CMKX has to offer is hype and that is my opinion.
And as you have I will post as long as I feel that I want to post. Of course you believers could buy my shares at $1.25 per share as you believe that they are worth at least that. But the interesting thing is that all you folks who pump this stock won't take me up on my offer. I wonder why or is it just useless stock as I suspect?
Posted by bill1352 on :
religion in here??? we already have 1 cult & i'm not shaving my head & wearing robe's & i dont own a tambourine.
Posted by Ric on :
Well you can pass out the flowers, lol. ---------------------------------------
Rob from the rich and give to the poor. See thats the problem UC is dilusional. Thinking we are rich and he is poor.
Posted by Highwaychild on :
Listen to Will U.C! BUY! BUY! BUY! BUY! You're no one if you don't have a 100 million shares!
Posted by bill1352 on :
if i did that on an expressway off ramp i'd make a lot more cash then cmkx will make weird willy...even with 987 million shares...lol
Posted by legaleagle on :
"Do I have be a murderer to have an opinion of such? Do I have to be a Christian to have an opinion of such? Do I have to be an alcoholic to have an opinion of such? Do I have to be a drug pusher to have an opinion of such?"
Just can't leave it alone can you Wally? Lumping Christians in with murderers, alcoholics, and drug pushers. You are a class act.
Posted by JohnnyRotten on :
From LovinDiamonds,
quote: It's coming close... 248 Billion...
The lowest legal (barring special cases) trading value is $0.0001, and we have been classified as a small business issuer.
A small business issuer cannot have a public float value of greater than $25 million.
At $0.0001, that makes the maximum public float to be 250 billion.
CMKX's par value is $0.0001, so I believe that this is the greatest number of shares that can potentially be in the public float.
There's always the hope that we were considered a small business issuer during the $0.0005-$0.0007 days too but I'm not betting on it. And that is the WORST case scenario.
It's getting exciting now
UPDATE
We just crossed it. Over 250 billion. Although I believe the float to be a lot less, we know for sure that this stuff is shorted/naked shorted.
$25,000,000 (Max Public Float Value) / $0.0001/share (CMKX Par Value) = 250,000,000,000 MAX shares in the Public Float. We just crossed it.
Posted by Wallace#1 on :
Been fun, folks. Long, disturbing day tomorrow...."viewing". Good night.
Posted by Wallace#1 on :
noahltl wrote: "Just can't leave it alone can you Wally? Lumping Christians in with murderers, alcoholics, and drug pushers. You are a class act."
Hell, legal, I just had to put some good in with the bad. You figure out which is the good!
Good night.
Posted by bill1352 on :
johnny please going over 250 billion shares proves nothing. if it is illegel or something that can be punished you've only added another charge to the soon to be growing list
Posted by legaleagle on :
And still climbing Johnny:
Street Shares: 239,072,194,386 Cert Shares: 22,320,776,146 Total Shares: 261,392,970,532 Signed Agreements: 3660
Posted by Highwaychild on :
That's a pretty good jump.When I first got on here it was 3,535 signed agreements.I'm still thinking... not on yet, I haven't put my messily 6 mill on there yet.Kind of puts a new spin on Got CMKX?, doesn't it?LOL
Posted by Wallace#1 on :
One last thing:
Johnny wrote: "$25,000,000 (Max Public Float Value) / $0.0001/share (CMKX Par Value) = 250,000,000,000 MAX shares in the Public Float. We just crossed it."
Johnny, Par Value has nothing to do with actual value of a stock.
Nite
Posted by Ric on :
Beside the lowest float can be is 397 billion. And it is probably a lot higher. UC told us that. So they must be telling a lie if your pushing the 250 billion number. UC stated clearly that 407 billion was all that was on the shareholders list. So that all that can be restricted at most but it also includes cert holders. Basically if there is 397 billion not on the shareholders list they have to be part of float. period.
Posted by will on :
Highwaychild, buy more man. Send Frizzle $50, $25 for you and $25 for some poor fellow shareholder that can't afford it because he collects cans and buys all the CMKX he can. BUY! BUY! BUY! Got CMKX? Get some more. You'll be sorry if you don't have 500 million shares, BUY! DAMNIT!
Posted by legaleagle on :
Posts: 222 Registered: 22-10-2004 Location: Johnson City, TN Member Is Offline
Mood: Expectant posted on 4-5-2005 at 11:31 PM
Current totals are:
Street Shares: 239,235,262,896 Cert Shares: 22,320,776,146 Total Shares: 261,556,039,042 Signed Agreements: 3667
Here's some interesting stats: Street Shares as a percent of OS = 34%
Street Shares as a percent of total Street Shares (per PR of 3/4/05) = 58.7%
Cert Shares as a percent of OS = 3.2%
Total Shares as a percent of OS = 37.2%
Terry
Posted by Ric on :
Thats the first post that I agree with Legal. And that guy lives right beside me. Matter of fact will be in Johnson City all day tomorrow that were my wife does dialysis. But he is correct with his figure. Still don't believe the numbers are all honest from the group but the percentage is right on.
Posted by tarq3 on :
I must say the CMKX owners group and there legal team are very active. We shaLL sEE how this plays out
Posted by bill1352 on :
you have a long way to go to prove any n/s that will change the pps. cmkx may be short 100 billion, its not right that something like that can be done & it does need correcting but its not going to change anything concerning cmkx. maybe exposing it will help speed up a correction to the n/s problem & thus help the penny market as a whole but cmkx has no value & just the number of shares held by the owners group kills any value cmkx could possibly ever have. my hat is off to ya for fighting the good fight, too bad you'll never profit from the action, unless you own other stocks that suffer a serious n/s problem.
Posted by legaleagle on :
Street Shares: 242,408,727,696 Cert Shares: 22,689,050,429 Total Shares: 265,097,778,125 Signed Agreements: 3748
Posted by legaleagle on :
Double posted again.
Posted by Upside on :
Those numbers are right where they should be. They fully support the contention that there is no real naked short position and there are no significant insider holdings.
Posted by big d on :
These numbers only represent about 2900 shareholders. Do you believe that CMKX only has that amount of people who have invested in them? The general belief is that this only represents about 15% of the total number of people who own shares in this company. Even if you are very generous with the number and say that the OG represents 25% of all shareholders that still leaves 75% of all shareholders unacounted for. Are you serious?
D
quote:Originally posted by Upside: Those numbers are right where they should be. They fully support the contention that there is no real naked short position and there are no significant insider holdings.
Posted by Upside on :
Completely serious big d. You have to understand though that I don't believe in the naked short position and I do believe that the float is going to equal virtually the entire o/s.
Posted by legaleagle on :
You have established an enviable position, Upside. If you're correct, you get "bragging rights", if wrong you get lots of money for your shares. Pretty good positioning. Enjoy the money.
Posted by Upside on :
Originally posted by legaleagle:
quote:You have established an enviable position, Upside. If you're correct, you get "bragging rights", if wrong you get lots of money for your shares. Pretty good positioning. Enjoy the money.
Pretty smart of me eh? See, I've had my own "master plan" in place since 2003. Me and Urban, birds of a feather.
Posted by legaleagle on :
Come on Wally, buy some more shares at .00006. I know you can see the brilliance of Upside's plan. And at this price you would be better leveraged than the rest of us. And I would miss meeting you at the next shareholders party if you don't have any when the squueze starts.
Posted by trgamma2 on :
somebody not watching what they are doing this morning!
500,000 @ 0.0007
Posted by Wallace#1 on :
No way, Jimmie.....at .00001 CMKX is still a lousy buy! Ask Will..he was pumping the hell out of it last night. I think he might like it now. Talk to you folks later.
PS: When this CMKX fiasco is all over, maybe we can meet on different terms, but no parties. UC would get strung up!!!!
Posted by smackdaddy33 on :
quote:Originally posted by trgamma2: somebody not watching what they are doing this morning!
500,000 @ 0.0007
I was checking my profile and saw CMKX at .0007. Talk about nearly having a heart attack....oh well.
Posted by bill1352 on :
wait 1 stinkin minute..legel i said the float was over 650 billion first (i think) i get the braggin rights...lol
Posted by legaleagle on :
quote:Originally posted by Wallace#1: No way, Jimmie.....at .00001 CMKX is still a lousy buy! Ask Will..he was pumping the hell out of it last night. I think he might like it now. Talk to you folks later.
PS: When this CMKX fiasco is all over, maybe we can meet on different terms, but no parties. UC would get strung up!!!!
Heck Wallace, we're bringing a party to your neighborhood on June 1. NS Rallies in DC and NY that day.
Posted by legaleagle on :
Street Shares: 252,156,753,074 Cert Shares: 23,441,530,665 Total Shares: 275,598,283,739 Signed Agreements: 4002
OVER 4,000 KOOL AID DRINKERS CAN'T BE WRONG
Posted by Upside on :
Anyone know what company makes Kool Aid? There's a stock to buy!
Posted by justplayin on :
quote:Originally posted by Upside: Anyone know what company makes Kool Aid? There's a stock to buy!
Now that is funny Posted by legal1082 on :
Hey guys quick question: I see it seems that most think this is a lost cause, but I was wondering, did most of you guys join with Frizzell Law Firm anyway just in case or not? Jus wanted an opinion or two on the subject. I too have lost faith (I guess you can call it that), but I was thinking that I may join just in case he pulls a rabbit out of his a.. I have a former Policemens school of thought on the subject. Anyway, all opions are needed and welcomed!
Posted by legaleagle on :
quote:Originally posted by legal1082: Hey guys quick question: I see it seems that most think this is a lost cause, but I was wondering, did most of you guys join with Frizzell Law Firm anyway just in case or not? Jus wanted an opinion or two on the subject. I too have lost faith (I guess you can call it that), but I was thinking that I may join just in case he pulls a rabbit out of his a.. I have a former Policemens school of thought on the subject. Anyway, all opions are needed and welcomed!
Legal, most of the "guys" (10-96)in here are not like the majority of the "guys" in the rest of the investment world. Check the owners group site and see what is really happening. http://www.cmkxownersgroup.com/ Posted by legal1082 on :
LOL! You must have been a State Trooper Legal. I haven't heard that 10 code in a while. Straight jacket even! lol. Thanks, I'll take a look.
Posted by legaleagle on :
Legal: Indpls.PD retired. Shoes weren't shiny enough for State. LOL
Posted by jason10 on :
*sniff* *sniff* mmmmmmmmm bacon
whose makin my breakfast???
oh wait nvm i see now
hehe j/k
Posted by legaleagle on :
Jason
P ride I ntegrity G uts
Posted by Upside on :
And when the hearing is over will one of you be heading off on a 10-15 with Urban in the back of your squad?
Posted by jason10 on :
HEHE legal i worked in some of indy's finest neighborhoods for about 2.5years in probly the only job thats worse than a cops
i worked for rent-a-center belmont&washington(little mexico), w 38th st (did you bring your gun? was a common question you get knocking on peoples doors there) , prospect (it was hard to get around the day the guy got shot around the corner with all the blockades)
Posted by jason10 on :
you can only afford to keep one item sir you need to choose either the kids bunkbeds or the playstation2
ok take the bunkbeds O_O
*kid walks into room* daddy why is that man taking our bed?
*sigh* i hated that job bleh
people never failed to let down my faith in humanity at that job
Posted by legaleagle on :
Sorry for you jason. I worked all those neighborhoods when I was on the street. But confused by the last one. Seems some guy got shot EVERDAY in that neighborhood. LOL
Posted by ed19363 on :
quote:Originally posted by Upside: Anyone know what company makes Kool Aid? There's a stock to buy!
Quite the contrary. Koolaid will be down after the 10th. What you want is a company that makes strichnine or arsenic.....ROFL
Posted by jason10 on :
quote:Originally posted by legaleagle: Sorry for you jason. I worked all those neighborhoods when I was on the street. But confused by the last one. Seems some guy got shot EVERDAY in that neighborhood. LOL
LOLOLOL
Posted by legaleagle on :
quote:Originally posted by Upside: And when the hearing is over will one of you be heading off on a 10-15 with Urban in the back of your squad?
Up, a "civil disturbance" in the back seat???
Posted by Upside on :
Just did a quick google search for 10 codes legal. I came up with a 10-15 being "enroute to jail, prisoner in custody".
Posted by legaleagle on :
But that's for Minnesota Upside. They varied nationwide, even when I was using them. And we had them mixed with "Codes" as well to confuse the bad guys.
Posted by Upside on :
Yeah, I see that now. Different states have different codes. Seems the 10-96 (mental patient) is a universal one though. Posted by legaleagle on :
Posts: 479 Registered: 12-10-2004 Member Is Offline
posted on 5-5-2005 at 04:19 PM
Update from Andy via Russ is Right 1millionaire Board
-------------------------------------------------------------------------------- 1. Falc drilling (1 drill) aggressive summer drill program being planned. World renowed geologist has been assessing the properties for last couple of month and loves the project. 2. Uranium claim..aggressive summer drill program being formuated with our JV partner.. HUGE POTENTIAL VALUES. 3. Entourage.. 20 holes to be drilled very soon at the Nevada property we are JV's on...very exciting potential. 4. Ecuador gets more and more exciting all the time and we do have POSITIVE CASH FLOW but no firm dollar amounts were given.
Andrew Hill actually discussing operations? Well, blow me down!
JJ
Posted by bill1352 on :
well the cult has the going private theory a while back. after the lawyers drag court out as long as possible & UC gets canceled it will be a private company & maybe all shareholders can the be part of a LLD company. i'd seriously suggest getting someone else to handle the books tho. i think i'd pass on having UC anywhere near the books. oh & i'd get his keys to the printing press too. before ya know it there would be 1.5 trillion shares...lol
Posted by Ric on :
I say it again. I think the ones that are heavy invested are the ones that signed up for the group first. Not saying some small investors didn't sign up but the major holders have. You can have 40,000 investors that only hold a avg. of 2 million share which would be only 80 billion shares and I think thats highly likely. So the pecentage of shareholders make no difference as related to number of shares if the ones not signing up are small investors that feel its not worth it. So the 15% may be all the high rollers. I no if I was crazy enough to buy 10 million or more shares it would be worth trying to sign up. But with only 1 million shares, no way.
quote:Originally posted by big d: These numbers only represent about 2900 shareholders. Do you believe that CMKX only has that amount of people who have invested in them? The general belief is that this only represents about 15% of the total number of people who own shares in this company. Even if you are very generous with the number and say that the OG represents 25% of all shareholders that still leaves 75% of all shareholders unacounted for. Are you serious?
D
quote:Originally posted by Upside: Those numbers are right where they should be. They fully support the contention that there is no real naked short position and there are no significant insider holdings.
Posted by Ric on :
Good point, you know any of those companies, lol. I will buy some shares tomorrow.
quote:Originally posted by ed19363:
quote:Originally posted by Upside: Anyone know what company makes Kool Aid? There's a stock to buy!
Quite the contrary. Koolaid will be down after the 10th. What you want is a company that makes strichnine or arsenic.....ROFL
Posted by glassman on :
cyanide is much quicker, and it doesn't hurt...
Posted by will on :
BUY! BUY! BUY!
WWJD has given the signal and is all excited. It's a can't miss.
Steal from everyone and anyone you can, your loved ones, your family, your friends. Go to the street, collect cans and cash them in. Don't worry about the kid's collage fund, you will be able to buy them a college after all the exciting drilling hits paydirt. Cash in your pensions, take the penalty, you will make the penalty back tenfold.
BUY! BUY! BUY!
Posted by Highwaychild on :
I don't know Will, don't you think this ones a little bit risky? Posted by will on :
Heck NO! The owners group, Urban, Maheu, have the SEC by the SAC, and are going to spit in their collective faces. It's over for the SEC and DTC, all those people will be without jobs, and replaced by Fidel Castro.
quote:Originally posted by Highwaychild: I don't know Will, don't you think this ones a little bit risky?
Posted by Highwaychild on :
Nearly a thousand people have signed up with the OG group against naked short tarding since this time last night.This is cool.But the average shares per person is pretty high so far, 68,104,871 with 4,156 holders.I think your words are getting thru to people.LOL
[ May 05, 2005, 21:00: Message edited by: Highwaychild ]
Posted by Ric on :
And the scarey thing about that number is that most of them did it because willylizard told them to. I don't know whats worse, someone believing CMKX is not a scam or someone that would follow willylizard's commands. lol
Posted by will on :
Weird Willy Wanker! He's gonna laugh in your faces. Can you imagine how much money that guy is going to have? He's gonna be a billionare! You sad bunch of bashing punks.
BUY! BUY! BUY!
[ May 05, 2005, 22:10: Message edited by: will ]
Posted by legaleagle on :
LOOKS LIKE THE GROUP IS CLOSE TO PROVING THE NS
THIS URGENT MESSAGE JUST OUT FROM FRIZZELL
FRIZZELL LAW FIRM 305 S. Broadway, Suite 302 Tyler, Texas 75702 (903)595-1921 Fax (903)595-4383 E-Mail jmartin@cmkxownersgroup.com
URGENT PRESS RELEASE TO ALL CMKX SHAREHOLDERS
Many of you know our shareholders group has been tabulating information to fully document the existence of a naked short position in CMKX stock. We have assembled a mountain of evidence through various TA records, NOBO lists, OBO lists and from the database of our shareholders group. The records we can obtain before this hearing will be important to the proof of the stock manipulation that has occurred in this stock for many months. This is not a plea for assistance to any particular board or owners group, this is a request for information to ALL CMKX shareholders.
A Call To All: It does not matter whether you have 1 million shares or 1 billion shares, confirmation of your holdings is vital to the proof we are assembling. This call is going to all shareholders including those that have sent in your shareholders agreement. We are now requesting verification in a form that will allow us to submit our proof in a legal proceeding.
We Can Get Over The Wall: We are convinced that stock ownership is a highly regarded secret in the marketplace for many reasons. Unfortunately for the small investor, the secrecy surrounding such ownership allows mountains of common stock to be sold and it is nearly impossible to accurately determine the number of shares sold in any one particular issue. The DTCC and the SEC are the only organizations who have easy and complete access to these records. They repeatedly resist all efforts by companies to obtain records of their own stock positions. There is one thing that each of you shareholders have in your possession that will allow you and your company to prove naked short sales. That is a monthly summary of the shareholdings you receive from your broker. Imagine the concerns market makers, broker/dealers and any guilty parties might have if all shareholders combined their reports and the real sales of stock were proven. You have a right to know how many actual shares are being held by other investors.
Preliminary Share Numbers: Our initial reports from our group indicate ownership of over 210 billion shares of company stock and we are working on reports from 4,000 shareholders. The OBO and NOBO lists received today from the Company prove that nearly 60,000 accounts/shareholders exist in this stock. We have evidence that this number is far short of the actual number of shareholders. We need your help to prove the shares that have been sold in your company stock.
Current Owners Group Members Must Also Assist Us: We recognize that many of you have sent your information in your signup agreement. Your file has been established in this office and your numbers have been tabulated in the group. The information we are requesting is similar but we need a copy of your end of March statement from your broker. Please follow the directions below.
The Method: What Information Is Requested? Please provide the following account information for each account you hold. We are seeking information contained in your brokerage statement for the month ending March 31, 2005:
This information is all contained in your statement. It could be as simple as pulling it up online and email it from the site. Or push print and take it to a fax machine.
Your full name
Your Broker’s name(s)
Number of shares held electronically in account(s)
The CUSIP number [the number CMKX stock is assigned]
Type of account(s) shares in which shares are held: Margin, Cash or Retirement
Directions for Copying Account Information: There are three ways you may provide information:
Copy information from your electronic statement and paste it into a word processing program or directly into an e-mail and e-mail it
Print out a copy of your electronic statement and fax it
Fax a copy of your paper monthly statement.
If it is possible to submit this information on a single page or two, it would be greatly appreciated!
Note: Feel free to black out any information that we do not require, such as other securities held, addresses, or any other information except what is requested.
Directions for Transmitting Account Information
If e-mailing, e-mail to nakedfax@cmkxownersgroup.com.
If faxing, fax to 903-595-4249. If the system if busy, please continue faxing until successful.
Time is of the essence; therefore, if you want to add your share count to the total, do not hesitate; fax or e-mail your account information today. If you have questions, call me at 903-595-1921; my assistants or I will gladly answer any of your questions. Please be patient as we will be keeping long hours and fielding many calls.
In Conclusion
The Administrative Hearing is next Tuesday. The presentation of a large share count may demonstrate, not only to Judge Murray and the SEC, but also to the media that short selling of this stock have occurred in amounts rarely seen in the market place.
I urge you to act now and decide to help by adding your share count to the total count by faxing or e-mailing your information and share count.
Note: Only send account information indicating the total shares held electronically in your broker account(s).
Your friend and fellow shareholder,
John Martin
PS: I encourage everyone, who has not joined the CMKX Owners Group, to do so by going online at www.cmkxownersgroup.com. Please complete the CMKX Owners Group Agreement so we may open your file and continue to send our updates to you.
Please post this everywhere possible!
FOLKS, THIS IS VERY IMPORTANT: Bill Frizzell
Posted by Highwaychild on :
WOW!
What now?
Okay,...I see.
Note: Feel free to black out any information that we do not require, such as other securities held, addresses, or any other information except what is requested.
Posted by Ric on :
Sounds like they don't believe there clients. SEND US PROOF OF YOUR SHARE COUNT. lol
Posted by Ric on :
The group members so far have a avg. of 67.8 million shares each. I think proof might be needed. That doesn't add up when looking at over 4000 people. I think the judge would want proof of that. Not that it matters because the judge isn't going to let this distraction in her court. I think she already made that clear.
Posted by will on :
Send him that $25 childman. LOL You're hooked now, pal!
LOL
quote:Originally posted by Highwaychild: WOW!
What now?
Okay,...I see.
Note: Feel free to black out any information that we do not require, such as other securities held, addresses, or any other information except what is requested.
Posted by legaleagle on :
quote:Originally posted by Ric: Sounds like they don't believe there clients. SEND US PROOF OF YOUR SHARE COUNT. lol
THAT'S WHAT THE JUDGE IS GOING TO ASK FOR: PROOF
IT HAS NOTHING TO DO WITH TRUSTING CLIENTS
Posted by bill1352 on :
i have an idea frizzy is looking to make a serious name for himself. lets say he proves cmkx is naked shorted 100 billion shares. he becomes the greatest thing since sliced bread to all otcbb & pink companies & every penny player out there. the SEC & DTC will have to do something & fast. this time with teeth. i hope cmkx is n/s 100 or 200 billion shares & he proves it. its not going to matter to cmkx shares or pps there are too many shares in the o/s & i'll guaranty the mm's have bought back a huge chunk of any naked short. as i've said before you'll never find a more entertaining & interesting stock anywhere. UC should write for HBO...lol
Posted by legaleagle on :
quote:Originally posted by Ric: And the scarey thing about that number is that most of them did it because willylizard told them to. I don't know whats worse, someone believing CMKX is not a scam or someone that would follow willylizard's commands. lol
RIC WILLY WIZARD JUST POSTED HIS PR THIS MORNING. THESE NUMBERS WERE ACHIEVED LONG BEFORE HE FINALLY GOT INVOLVED.
Posted by legaleagle on :
quote:Originally posted by bill1352: i have an idea frizzy is looking to make a serious name for himself. lets say he proves cmkx is naked shorted 100 billion shares. he becomes the greatest thing since sliced bread to all otcbb & pink companies & every penny player out there. the SEC & DTC will have to do something & fast. this time with teeth. i hope cmkx is n/s 100 or 200 billion shares & he proves it. its not going to matter to cmkx shares or pps there are too many shares in the o/s & i'll guaranty the mm's have bought back a huge chunk of any naked short. as i've said before you'll never find a more entertaining & interesting stock anywhere. UC show write for HBO...lol
THE NS IS GOING TO BE MUCH MORE THAT 100 0R 200 BILLION BILL. BUT EVEN IF NOT, DO YOU UNDERSTAND THE PRINCIPLES OF A SHORT SQUEEZE? IF THERE IS THAT AMOUNT OF NAKED SHORTS, THE BROKERS ARE GOING TO GET A FED CALL AND THEY WILL HAVE TO BUY THEM BACK AT WHATEVER PRICE SHAREHOLDERS HOLD OUT FOR. OF COURSE THERE WILL BE A FEW HERE WHO SELL OUT FOR .0007 OR .0008, BUT THOSE WHO UNDERSTAND WILL HOLD OUT FOR MUCH MORE.
Posted by bill1352 on :
legel...i think ric means he has been pumping the stock. it is scarey too...i rarely see 1 of his picks run. at least 15 or 20 stocks daily he prs about and almost every 1 is down & keeps heading that way. you'd think the law of averages would catch up 1 day...lol
Posted by will on :
Hey I sold all my CMKX stock. Can I still send frizzle, $25, $50, $100. I didn't sell them until April sometime so they're on my March statement, can I get like retro owner's group rights. Man, I got go collect some cans and buy more.
BUY! BUY! BUY!
Posted by Ric on :
Now what was that legal, thats funny since you post this yesterday. This post of yours was just after it was stated the share count jumped 109 billion in 3 hours. He told everyone in his room to join then the number jumped from 2800 to were it is now.
legaleagle Member
Member Rated: posted May 04, 2005 20:26 -------------------------------------------------------------------------------- FINALLY WILLY JUMPS IN:
Willys post reference to Frizzle sign up « Thread started on: Today at 6:38pm »
I am announcing to you all I signed up my 928,548,440 million CMKX shares today. This sign up was done by singing up at the http://www.cmkxownersgroup.com/ . I was't real upbeat on joining the Frizzell support group but I felt my share count might help out.
Why!
If a naked short can be proven by shareholders totaling our votes I feel it's my duty to help.
It's always been known via press releases Urban was going to retire shares of CMKX and file financials. Without a share count falling within the real OS it is impossible for CMKX to file.
This could happen.
CMKX could go to court next Tuesday with a filing complete except the true share count…WHY?
1. What if UC was to retire all shares except apx. 50 billion right before court. 2. Frizzell's cmkxownersgroup has reported 300 billion in street name plus and additional 20 billion plus certs held
If 300 billion shares are actually reported with street names and brokerage names where these shares are held, then add in 30 billion certs held by shareholders something is smelly with this picture. I think we could be safe to say CMKX has a Naked Short problem so how could CMKX verifiably file accurate financials The answer is "They Can't verify accurate share count because of billions of counterfeit shares that are in the market.
When the judge hears this the only thing she could do would be to call the federal government/justice department (her responsibility) this forcing a federal call on all DTC/firms/individuals/hedge funds to cover NOW!!!! Now the market system would experience the largest Fed Call in history. This could be the mega shorty squeeze of all times.
I suggest to all *********** Readers to sign up now at the cmxkxownergroup web site. Here is the url http://www.cmkxownersgroup.com/ and yes I paid $25 for my part. Also you will see current share count which is growing quickly.
Thank you,
Hal Engel aka ***********
Posted by bill1352 on :
wanna bet legel??? first the SEC has UC by the short hairs. naked shorted is not an excuse for not filing & there have been a bunch of shady deals, even the divys were shady. giving cim $1 million for nothing, twice handing out shares to private companies. handing out shares to ppl to pump & god knows who else. a deal will be made if & thats a big IF UC has enough shares for mm's to cover & possible save the thing from going bye bye...all this depends on cmkx being n/s'ed a great deal & that has yet to be proven.
Posted by legaleagle on :
quote:Originally posted by bill1352: legel...i think ric means he has been pumping the stock. it is scarey too...i rarely see 1 of his picks run. at least 15 or 20 stocks daily he prs about and almost every 1 is down & keeps geading that way. you'd think the law of averages would catch up 1 day...lol
WILLY IS THE SCARIEST PUMPER I HAVE SEEN, BUT HE GOT THE WORD OUT.
Posted by Highwaychild on :
AHHHH, that's good stuff.Ban NSS!Power to the people.LOL!
Posted by legaleagle on :
quote:Originally posted by bill1352: wanna bet legel??? first the SEC has UC by the short hairs. naked shorted is not an excuse for not filing & there have been a bunch of shady deals, even the divys were shady. giving cim $1 million for nothing, twice handing out shares to private companies. handing out shares to ppl to pump & god knows who else. a deal will be made if & thats a big IF UC has enough shares for mm's to cover & possible save the thing from going bye bye...all this depends on cmkx being n/s'ed a great deal & that has yet to be proven.
BILL, STOP TRYING TO CONVINCE YOURSELF, JUST GET SOME MORE SHARES AND HANG ON FOR THE RIDE.
Posted by Wallace#1 on :
legal 1082,
By all means go to that site that legaleagle posted. Just keep in mind that just because you were both police officers does not mean that legaleagle is or would give you the full/true story about CMKX.
You see, it's almost like the good cop/bad cop when interrogating a suspect. Here, he will tell you anything and spin it constantly....no matter how ridiculous it sounds. He cannot convert us or get us to confess to his way of thinking. We see all the facts and know the truth!
On the Christian Trader thread and on that site he gave you for the shareholders' group are what we call the "CMKX CULT". One of them says something and all the others chime in and say, "Oh YES, Lord!" or "God Bless!". Other "cult" members just say, "I'll buy that!" (and have) because of distortions, deceptions and diversions. They just do not know any better.
They all are convinced of every off the wall theory that comes along which gets disproved within seconds or days. Not only by the crazies that are in the cult, but by professional pumpers and by people like Dr.D, Green Baron, WeirdWillyWishbone, etc. To this day they all believe Roger Glenn walks on water and that Urban Casavant has their best interests at heart. You see, there it is not the multitude of facts that tell them they are being ripped off, but the few theories with which they can keep their hope and hype flowing.
It doesn't matter to them that CMKX, and therefore Urban Casavant, has purposely withheld meaningful information from them. Or that he has increased the authorized common stock to unbelieveable amounts without informing them and then promptly issuing more to become outstanding shares. Or that he has shown no results whatsoever. Or that he hasn't published financials....whether required by the SEC or not. Or that he seems to have claimed financials/records do not exist or are inaccurate (but must have reported something to the IRS). Or that he has a questionable past track record. Or that he admits to lacking knowledge as to how to run a public company. Or that he is in trouble with the SEC and the Canadian authorities. Or that he is the only officer of CMKX. Or that he and Maheu are the only Board members (with another being incubated somewhere). Or that he seems to be more concerned about race cars, trucks and motorcycles than about his shareholders needs and requirements. Or that his Jade Collection stunt fell through....and never should have existed in the first place. On, and on, and on, and on, and on.
That shareholders' group is 100% pro CMKX and Urban Casavant. Based upon the facts and past performance of UC, it is a waste of your money....even at 1 cent, let alone $25.
Posted by legaleagle on :
GOD BLESS, WALLY.
Posted by Penny-Trader on :
how do you know this have you ever died from cyanide poisoning?
lol
i just had to throw that one in as you cant argue that. lol
i only died that way once.
lol
ok enough
Rod
quote:Originally posted by glassman: cyanide is much quicker, and it doesn't hurt...
[ May 05, 2005, 23:07: Message edited by: Penny-Trader ]
Posted by Ric on :
No the longs are the only ones allowed to buy more shares now. Only the faithful deserve the right to make money now. So please, all you that please put your life savings into this. You will get your just reward in the end and all us non believer will get nothing from CMKX.
Posted by legaleagle on :
Street Shares: 260,534,530,532 Cert Shares: 24,822,969,776 Total Shares: 285,357,500,308 Signed Agreements: 4217
Posted by Ric on :
Rod you can't post in hear, run. Its dangerous, you will get sucked into the void that holds CMKX's financial records. Never to be seen again, lol.
quote:Originally posted by Penny-Trader: how do you know this have you ever died from cyanide poisoning?
lol
i just had to throw that one in as you cant argue that. lol
i only died that way once.
lol
ok enough
Rod
quote:Originally posted by glassman: cyanide is much quicker, and it doesn't hurt...
Posted by will on :
"(with another being incubated somewhere)"
God! I love the way you said that. I can just see some big eared jamoke in a test tube ready to hatch. Then they'll change into a bio genetic, let's make a monster type company.
It is never going to end. These peeps will hold this crap and pass the Urban legend down for genrations to come.
Posted by Wallace#1 on :
legal,
Glad you liked my post, Jimmie.
Posted by Wallace#1 on :
Will,
What did you call me? "God I love the way you said that."
Posted by will on :
I punctuated it properly now. I like you, but cant make you God like. You kept these goofs sober and grounded, but God? Nah. Don't get too high and mighty, I just might pick up that phone.
Posted by bill1352 on :
legel, i have no second thoughts on this stock. its toast. if UC had been more honest or in any way honest i'd risk the $60 for 1 million shares if ameritrade would still sell them. for no other reason then to stick it to the mm's for screwin us on so many stocks. i'd throw $60 away for that chance but UC has played a con game with cmkx for too long. too many times he has had the chance to just file a 211 info sheet on the company, anything that said i cared about my shareholders other then words & worthless divys. UCSA will probably never release the divys, all the gemm claims are controled by a unrelated third party & are dormant, cim will never go public. UC will deal himself out of the fire before the shareholders interests are even thought about.
Posted by will on :
Geez, Wallace, what if you were God? Man would they be pissed over at that CT board. That would mean they been wearing themselves out praying to you.
WWWD = What Would Wallace Do ?
Posted by Penny-Trader on :
LOL Ric.
i couldnt resist on that one.
i love how people can tell others that this or that is a painless way to die.
I can only imagine as to the best of my knowlege i have never died before.
lol
Rod
Posted by Wallace#1 on :
From legal's repost of Fizzlestick's plea:
"We Can Get Over The Wall: We are convinced that stock ownership is a highly regarded secret in the marketplace for many reasons. Unfortunately for the small investor, the secrecy surrounding such ownership allows mountains of common stock to be sold and it is nearly impossible to accurately determine the number of shares sold in any one particular issue." ************************
Well, golly gee Fizzle, that's what we have been accusing UC of all along. Hasn't he kept things secret? Hasn't he allowed mountains of common stock to be sold?
Posted by Wallace#1 on :
quote:Originally posted by will: Geez, Wallace, what if you were God? Man would they be pissed over at that CT board. That would mean they been wearing themselves out praying to you.
WWWD = What Would Wallace Do ?
Getting a bit carried away, huh Will? I think they are the last people I would want either praying for me, to me or at me. Besides, I could never fill the shoes of any man's God.
PS: Hey, does God wear shoes?
Posted by Wallace#1 on :
quote:Originally posted by Highwaychild: AHHHH, that's good stuff.Ban NSS!Power to the people.LOL!
Hwy,
It seems I am enjoying your humor more and more every time you post. LMAO again!!
Posted by legaleagle on :
I LIKE YOU BILL EVEN THOUGH WE HAVE OUR DISAGREEMENTS. HAD TO TRY ONE MORE TIME.
Posted by legaleagle on :
BTW, FOR ALL THE OLDTIMERS, HAD DINNER WITH VNGNTN AS HE PASSED THROUGH ON HIS WAY TO CINCY FOR A DANCE. NICE MAN, WONDERFUL WIFE
Posted by Wallace#1 on :
Whatever happened to joeturdbowl (aka goferchit)?
How'd I do there, Will?
Posted by will on :
FLUSH!
quote:Originally posted by Wallace#1: Whatever happened to joeturdbowl (aka goferchit)?
Posted by legaleagle on :
Street Shares: 261,372,442,720 Cert Shares: 24,858,429,777 Total Shares: 286,230,872,497 Signed Agreements: 4252
Posted by Doctoall on :
Street Shares: 261,372,442,720 Cert Shares: 24,858,429,777 Total Shares: 286,230,872,497 Signed Agreements: 4252
The Frizzell Law Firm is making some bank
4252 x $25.00 = $106,300.00 Posted by Ric on :
35 new members since you posted that number last with an avg of 25 million shares each. This sounds too fishy. Avg shareholder hold 67 million as part of that group. No wonder he is asking for proof. It is hard to believe.
Posted by legaleagle on :
quote:Originally posted by Ric: 35 new members since you posted that number last with an avg of 25 million shares each. This sounds too fishy. Avg shareholder hold 67 million as part of that group. No wonder he is asking for proof. It is hard to believe.
The shareholders with the largest portfolios were no doubt the first to join and protect their large investments. That made for larger averages at the outset. Now the "little guys" are coming in and the averages are coming down to where they should be. Poll after poll conducted on the boards had been showing an average ranging from 10-20 million per shareholder.
He is now needing proof because the volume has risen to what they need to "prove" the naked short. And that is exactly what the judge will ask for....PROOF
Posted by Bigrod40 on :
FRIZZELL LAW FIRM 305 S. Broadway, Suite 302 Tyler, Texas 75702 (903)595-1921 Fax (903)595-4383 E-Mail jmartin@cmkxownersgroup.com
URGENT PRESS RELEASE TO ALL CMKX SHAREHOLDERS
Many of you know our shareholders group has been tabulating information to fully document the existence of a naked short position in CMKX stock. We have assembled a mountain of evidence through various TA records, NOBO lists, OBO lists and from the database of our shareholders group. The records we can obtain before this hearing will be important to the proof of the stock manipulation that has occurred in this stock for many months. This is not a plea for assistance to any particular board or owners group, this is a request for information to ALL CMKX shareholders.
A Call To All: It does not matter whether you have 1 million shares or 1 billion shares, confirmation of your holdings is vital to the proof we are assembling. This call is going to all shareholders including those that have sent in your shareholders agreement. We are now requesting verification in a form that will allow us to submit our proof in a legal proceeding.
We Can Get Over The Wall: We are convinced that stock ownership is a highly regarded secret in the marketplace for many reasons. Unfortunately for the small investor, the secrecy surrounding such ownership allows mountains of common stock to be sold and it is nearly impossible to accurately determine the number of shares sold in any one particular issue. The DTCC and the SEC are the only organizations who have easy and complete access to these records. They repeatedly resist all efforts by companies to obtain records of their own stock positions. There is one thing that each of you shareholders have in your possession that will allow you and your company to prove naked short sales. That is a monthly summary of the shareholdings you receive from your broker. Imagine the concerns market makers, broker/dealers and any guilty parties might have if all shareholders combined their reports and the real sales of stock were proven. You have a right to know how many actual shares are being held by other investors.
Preliminary Share Numbers: Our initial reports from our group indicate ownership of over 210 billion shares of company stock and we are working on reports from 4,000 shareholders. The OBO and NOBO lists received today from the Company prove that nearly 60,000 accounts/shareholders exist in this stock. We have evidence that this number is far short of the actual number of shareholders. We need your help to prove the shares that have been sold in your company stock.
Current Owners Group Members Must Also Assist Us: We recognize that many of you have sent your information in your signup agreement. Your file has been established in this office and your numbers have been tabulated in the group. The information we are requesting is similar but we need a copy of your end of March statement from your broker. Please follow the directions below.
The Method: What Information Is Requested? Please provide the following account information for each account you hold. We are seeking information contained in your brokerage statement for the month ending March 31, 2005:
This information is all contained in your statement. It could be as simple as pulling it up online and email it from the site. Or push print and take it to a fax machine.
Your full name
Your Broker's name(s)
Number of shares held electronically in account(s)
The CUSIP number [the number CMKX stock is assigned]
Type of account(s) shares in which shares are held: Margin, Cash or Retirement
Directions for Copying Account Information: There are three ways you may provide information:
Copy information from your electronic statement and paste it into a word processing program or directly into an e-mail and e-mail it
Print out a copy of your electronic statement and fax it
Fax a copy of your paper monthly statement.
If it is possible to submit this information on a single page or two, it would be greatly appreciated!
Note: Feel free to black out any information that we do not require, such as other securities held, addresses, or any other information except what is requested.
Directions for Transmitting Account Information
If e-mailing, e-mail to nakedfax@cmkxownersgroup.com.
If faxing, fax to 903-595-4249. If the system if busy, please continue faxing until successful.
Time is of the essence; therefore, if you want to add your share count to the total, do not hesitate; fax or e-mail your account information today. If you have questions, call me at 903-595-1921; my assistants or I will gladly answer any of your questions. Please be patient as we will be keeping long hours and fielding many calls.
In Conclusion
The Administrative Hearing is next Tuesday. The presentation of a large share count may demonstrate, not only to Judge Murray and the SEC, but also to the media that short selling of this stock have occurred in amounts rarely seen in the market place.
I urge you to act now and decide to help by adding your share count to the total count by faxing or e-mailing your information and share count.
Note: Only send account information indicating the total shares held electronically in your broker account(s).
Your friend and fellow shareholder,
John Martin
PS: I encourage everyone, who has not joined the CMKX Owners Group, to do so by going online at www.cmkxownersgroup.com. Please complete the CMKX Owners Group Agreement so we may open your file and continue to send our updates to you.
Please post this everywhere possible!
FOLKS, THIS IS VERY IMPORTANT: Bill Frizzell
Posted by trgamma2 on :
Help me out here:
Can I provide information to Frizzel and Co. without having to pay the $25 fee? MUST I agree to the "Shareholders Agreement"?
Posted by tarq3 on :
quote:Originally posted by trgamma2: Help me out here:
Can I provide information to Frizzel and Co. without having to pay the $25 fee? MUST I agree to the "Shareholders Agreement"?
Yes i am preTTy sure you can
Posted by tarq3 on :
Equity Bridges Financial Relations: comments on CMKM Diamonds Inc. legal proceedings May 06, 2005 (M2 PRESSWIRE via COMTEX) -- Wayne Pedersen President of Equity Bridges Financial Relations comments on the legal proceedings involing the SEC and CMKM Diamonds Inc. (Pink Sheets: CMKX)
Urban Casavant President of CMKX released a press release regarding the status of the upcoming administrative hearing. In this press release he also for the first time publicly acknowledges what has only been a strong rumour to this point and that is the naked short selling of CMKX. Previous to this release I found it hard to believe that this stock could have a short position after we all publicly discovered the outstanding shares were 703 billion but it is obvious that the rumour is for real. The SEC considers the naked short selling of CMKX immaterial and irrelevant. The SEC is supposed to protect investors. I cannot see how this is irrelevant. Urban Casavant feels this is very relevant.
As we draw closer to the hearing it appears the support for Urban and Company is growing stronger by the day. Bill Frizzell is an attorney representing over 3600 investors totalling combined holdings of over 260 billion shares of CMKX. CMKX is rumoured to have 40,000 to 70,000 total investors.
This hearing in my opinion is much more than just a hearing about a Company that is delinquent in it's filings, it is about "what is right". What I see is a Company that has a large amount of land rights surrounding what will likely be one of the largest diamond mines in the world in the next five to seven years. I recently attended a Resource Investment Conference in Calgary, Alberta and spoke with representatives of Shore Gold Inc. (SGF.TO) and Kensington Resources Ltd. (KRT.V) and they both confirmed they are already planning their own mines in the Forte a la Corne area and emphasized the unique infrastructure that already exists with Prince Albert (population 40,000) located 80kms away. When I consider all of the land CMKX encompasses around the Forte a la Corne area I consider Urban Casavant as someone who has done his homework.
Here is the link to the land map: http://www.casavantmining.com/locations.asp Notice the land in light yellow is CMKX property and the land in red is also CMKX property with joint venture partners: United Carina (UCA.V), Shane Resources (SEI-H.V), Consolidated Pine Channel Gold (KPG.V).
This land cannot be taken away by the SEC.
As far as being delinquent in filings goes, I see no harm in getting those filings up to date as Urban was trying to do. There should not be a ruling on deregulation when a Company is attempting to resolve problems. Urban is not purposely neglecting filing he is trying to rebuild this stock. Many shareholders purchased CMKX knowing full well there was no filings. In my opinion it does not help protect the public by deregulating this stock.
They need to collectively resolve the filings issue and address what really endangers the public and that is naked short selling. Naked short selling is when a security is sold without borrowed stock, in other words, selling stock that does not exist. Inevitably someone who buys that stock is actually buying non-existent stock. The SEC in my opinion is not addressing this issue with penny stocks for reasons I would sure like to know.
If CMKX is deregulated, parties involved with naked short sales of CMKX will never have to buy those shares back to cover and will simply make a 100% profit on the public's money. That is not protecting the public and that is very relevant in the proceedings. This is why I feel this hearing is so much more than an administrative hearing. This hearing is about the truth, about being honest and doing the right thing and most importantly this hearing is about doing what is right for the public.
I urge the SEC to do what is right. Give the hard working people what they want. "Stop Naked Short Selling in the Microcap Markets" This is no different then counterfeiting. There are very good people in CMKX with a lot of money. Do not let them lose faith in our system. Do not lose their money. Help CMKX get their filings in order and balance the shares of CMKX in the open market. That is simply all most shareholders want in my opinion.
Equity Bridges Financial Relations (EBFR) has been in business since 1999 and has represented over 100 Companies. EBFR is committed to investors as much as we are committed to companies.
We firmly believe that well informed investors is one of the most important functions a publicly traded company can do. "We help bridge the gap between companies and investors."
The owner and staff of Equity Bridges Financial Relations are not licensed investment advisors.
Nor do we give out buy, sell or hold advice to anyone. We have not been compensated in anyway to publish this report. Full disclaimer/disclosure is located at:
CONTACT: Wayne Pedersen e-mail: info@equitybridges.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com .
Well next week we should know much more than we do now. Then there will be another court date and who knows how many more. All I know is that many people will be wrong about this and many people will be right. Hee hee, have fun.
Dave
Posted by legaleagle on :
Street Shares: 263,527,594,442 Cert Shares: 25,159,063,110 Total Shares: 288,686,657,552 Signed Agreements: 4312
Posted by Upside on :
More and more the numbers are right on target. No naked short, 700 billion float.
Posted by legaleagle on :
quote:Originally posted by Upside: More and more the numbers are right on target. No naked short, 700 billion float.
Only if you beleive Urban gave up controlling interest in his company. (51%)
Posted by Upside on :
I do.
Posted by legaleagle on :
Today's Interview with Bill Frizzell
CMKX Shareholders Retain Attorney Bill Frizzell for Representation During SEC Hearings
(PRWEB) - Phoenix, AZ (PRWEB) May 6, 2005 -- Christian Traders - http://christiantraders.com , the internet's fastest growing faith-based online investment community, in partnership with CFRN - the world's first Christian Financial Radio Network, is conducting an exclusive in-depth interview with Mr. Frizzell today. The interview will be broadcast online at http://cfrn.net .
Mr. John Martin has assembled a team that will be working around the clock until Monday evening to assemble the information necessary to prove once and for all that "Naked Shorting", really does exist. With numerous data entry clerks, multiple fax machines, and computers back to back, this is a true grass roots effort. This is the American people taking back America.
The assistance of every CMKX shareholder is being requested. Complete details and instructions are located at http://christiantraders.com on the CMKX forum page. CFRN has also been invited to provide media coverage of the SEC hearings next week.
According to Mr. Martin and shareholder attorney Bill Frizzell, the management of CMKX fully supports this action. The motion is not a lawsuit against or involving CMKM Diamonds. It is simply a formal request on behalf of CMKX shareholders to have a seat at the table during the current matters involving the Company and the SEC. More importantly, this motion gives Mr. Frizzell the right to cross examine witnesses during the proceedings. If you are a current CMKX shareholder or other interested party and would like to join in the Motion to Intervene as a formal participant simply visit http://christiantraders.com as mentioned above.
Portfolio Builders: Christian Traders continues to focus on their top two Portfolio Builders, AZCO Mining - AZMN - and A.G. Media Group - AMGJ.
Disclaimer: Christian Traders Inc. is not a registered securities firm. CT is not a licensed securities broker or financial planner. Any information contained in this press release, at http://christiantraders.com , or on "Prosperity for God's People", is simply the opinion of this editor, CT, guests, columnists or members. Christian Traders does not accept cash, stock, warrants, or promises thereof, to select or profile any company. CT brings new meaning to the term - "Investor Relations". He actually works for you, the investor, broker, or fund manager.
A detailed disclaimer regarding CT's MODAR ™ - Momentum Radar Real Time Alert Service, is available at http://christiantraders.com/modar .
#1. I'm not giving personal info to somebody I dont know. #2. The amount of money I have invested in CMKX is enough. I'm not paying $25 to a lawyer, and I'm not joining a group of nuts. #3. I hold 22 million shares, and that's all the info I'm providing. If anyone doesnt believe me, screw em, that's their problem. And this post doesnt get an IMO, cause this is FACT!!
Posted by legaleagle on :
quote:Originally posted by ed19363: #1. I'm not giving personal info to somebody I dont know. #2. The amount of money I have invested in CMKX is enough. I'm not paying $25 to a lawyer, and I'm not joining a group of nuts. #3. I hold 22 million shares, and that's all the info I'm providing. If anyone doesnt believe me, screw em, that's their problem. And this post doesnt get an IMO, cause this is FACT!!
Some stand up for what is right, some just stand and complain. When you count your profits from CMKX, ed, remember that others did your fighting for you.
Posted by ed19363 on :
Screw you Pal. I dont even give that kind of info to my relatives, what makes you think I'd give it to some unknown nut. Second, I dont believe I will ever see any profits from CMKX. It's a loser no matter how you look at it. Third, my investment entitles me to bitch if I want, I paid for the right.
Posted by legaleagle on :
quote:Originally posted by ed19363: Screw you Pal. I dont even give that kind of info to my relatives, what makes you think I'd give it to some unknown nut. Second, I dont believe I will ever see any profits from CMKX. It's a loser no matter how you look at it. Third, my investment entitles me to bitch if I want, I paid for the right.
Account numbers can be blanked out. They are not requiring that.
Posted by Ric on :
And some can figure out there is no NSS here from the numbers quiet easily. This is a 704 billion scam. The group number only proves no NSS because it hasn't came close to the shares needed to prove it and the small holder are the ones mainly lleft and it will take a huge number of them to get the numbers you need.
Posted by ed19363 on :
When it comes out that there are 75,003 shareholders, I will be the one filing as number 75,003.
Posted by ed19363 on :
quote:Originally posted by Ric: And some can figure out there is no NSS here from the numbers quiet easily. This is a 704 billion scam. The group number only proves no NSS because it hasn't came close to the shares needed to prove it and the small holder are the ones mainly lleft and it will take a huge number of them to get the numbers you need.
Yep, and only the Koolaid drinkers are giving out numbers. Just imagine how many shareholders never heard of a board. Those shares will NEVER be included. The whole thing is an exercise in futility. The faithful would rather get their brains beat out than throw in the towel and admit its over. I cant wait til the 10th.
Posted by legaleagle on :
Street Shares: 255,997,891,830 Cert Shares: 25,258,063,110 Total Shares: 281,255,954,940 Signed Agreements: 4368
Posted by legaleagle on :
OS 703 billion UC 51% 358.530 billion
BAL 344.470 billion possible float
SHAREHOLDERS GROUP 281.255 billion registered
BALANCE TO NS PROOF 63.215 BILLION
4368 OG = APPROX 15% OF ALL SHAREHOLDERS HOLDING 81% OF THE FLOAT AT THIS POINT
IF URBAN AND THE INSIDERS HOLD MORE THAN 51% IT WILL REQUIRE EVEN LESS TO PROVE THE NS.
Posted by Wallace#1 on :
SURPRISE!! SURPRISE!! CMKX CULT MEMBERS PUMPING!! ALL PART OF THE SAME GROUPS!!!
"Christian Traders,... the internet's fastest growing faith-based online investment community, in partnership with CFRN - the world's first Christian Financial Radio Network, is conducting an exclusive in-depth interview with Mr. Frizzell today. The interview will be broadcast online at ...."
Posted by legaleagle on :
quote:Originally posted by Wallace#1: SURPRISE!! SURPRISE!! CMKX CULT MEMBERS PUMPING!! ALL PART OF THE SAME GROUPS!!!
"Christian Traders,... the internet's fastest growing faith-based online investment community, in partnership with CFRN - the world's first Christian Financial Radio Network, is conducting an exclusive in-depth interview with Mr. Frizzell today. The interview will be broadcast online at ...."
WOW, THAT'S GOOD WALLACE, YOU'VE ALREADY HEARD A LIVE BROADCAST THAT HASN'T OCCURED YET. BUT THANKS FOR THE PLUG
Posted by ed19363 on :
I suppose a transcript of the broadcast will be available at 1-800-GETREAL ????
Posted by legaleagle on :
1-800-GOTCMKX
Posted by Doctoall on :
1-800-ITSDEAD
Posted by legaleagle on :
Frizzel info FAQ/How do I.../Borker step-by-step (May 6/05)
Frizzel info FAQ/How do I.../Borker step-by-step (May 6/05)
mogoo Dr. Of Diamonds
member is online
"They say transparency is the great disinfectant" -Annette Nazareth, SEC Div. of Market Regulation
Gender: Posts: 228 Frizzel info FAQ/How do I.../Borker step-by-step « Thread started on: Today at 10:02am »
-------------------------------------------------------------------------------- There are lots of questions out there, and I'm hoping to put info all in 1 post, so people don't have to search around. I've grabbed the following info from various threads, hoping to keep it consolidated it to one post. If you have any instructions for additional borkers, feel free to PM me, and I'll add it to my list.
Do I need to do this? YOU DO NOT HAVE TO BE A CURRENT OG MEMBER TO DO THIS However, this only needs to be done for electronic shares. If you hold certs, no verification needed (at this point)
Where do I send my info? Fax this info to 903-595-4249. (preferred) Or, email this info to nakedfax@cmkxownersgroup.com
What info do I need to send? From your March 2005 statement... 1. Your full name 2. Your Broker�s name(s) 3. Number of shares held electronically in account(s) 4. The CUSIP number [the number CMKX stock is assigned]* 5. Type of account(s) shares in which shares are held: Margin, Cash or Retirement You can black out ANY info besides these 5. *Don't get hung up on this. If you can't find it easily, you don't need to include it.
How do I compile the info? 1. A hard copy statement & a marker (to black out irrelevant info) 2. Copy & paste into an email. (really, that's all they need; an image of your statement isn't necessary.) 3. Scan in your statement to fax or email it from your computer. 4. Copy & paste from a PDF into an email. 5. Take a screen shot. This works for anything you currently have on your computer screen. On a PC, press the Print Screen button, then go to Microsoft Paint or Adobe Photoshop, open a new document and choose Edit-->Paste. Use the appropriate tools to black out any
How do I find my CUSIP#? Call your borker Copy from tax Form 1099 Check your order execusion conformation notice
How do I find this info in my online account? Ameritrade Click on ACCOUNT.....click History On the tabs...click Statements Where you see "View Statement For", bring up March 2005 and click View. At this point copy and paste in a email. Be sure to remove any info you do not want to send by backspacing over it after copy and pasting. *CUSIP# can be found by hovering your mouse over the Edit link for CMKX on your Account Balances page.
Etrade Go to Trading and portfolios Then GO to Account Records Then Select Acoount Statement Click on 03/31/2005 That is the one you need to send.
Schwab 1) Log into Schwab. 2) Click on the Account tab. 3) On the far right of the 2nd level of tabs, you'll see an eStatement tab. Click it. 4) Select March 01, 2005 - March 31, 2005 from the drop-down box. 5) Just above the statement, on the right, you'll see a text link called Printer-friendly Statement. Click it. 6) Presto! You've got your statement as a PDF.
Street Shares: 256,731,000,472 Cert Shares: 25,398,938,111 Total Shares: 282,129,938,583 Signed Agreements: 4417
Posted by bill1352 on :
legel when you show me any kind of proof the UC holds even 100 billion shares i'll buy 2 million. if he doesn't hold more then 100 billion you sell 2 million. he doesnt need 51% of the common shares to vote anything in so thats not proof.
Posted by legaleagle on :
quote:Originally posted by bill1352: legel when you show me any kind of proof the UC holds even 100 billion shares i'll buy 2 million. if he doesn't hold more then 100 billion you sell 2 million. he doesnt need 51% of the common shares to vote anything in so thats not proof.
WE WERE KINDA HOLDIN' THAT FOR THE JUDGE BILL. YOU UNDERSTAND. BUT IF YOU HAVE TO WAIT, GET YOUR FINGER ON THE BUY BUTTON TUESDAY MORNING
Posted by glassman on :
as long as these guys are out to prove a nakedshort? i say:
GO GET 'em....
as far as telling more people to buy in? ROFLMAO....
Posted by vman on :
quote:Originally posted by ed19363: Screw you Pal. I dont even give that kind of info to my relatives, what makes you think I'd give it to some unknown nut. Second, I dont believe I will ever see any profits from CMKX. It's a loser no matter how you look at it. Third, my investment entitles me to bitch if I want, I paid for the right.
I just emailed fizzle dizzle with my numbers, and without paying him $25. I didn't give him anything he could do damage with did I? Just name, broker, Cusip, # of sh., and that it is a cash account.
Posted by legaleagle on :
YOU DID THE RIGHT THING VMAN. WELCOME TO BEING A "PLAYER" IN HISTORY.
Posted by Upside on :
Legal, it appears that you believe the share structure will come out during the hearing Tuesday. Why?
Posted by glassman on :
yeah legal, why should we trust anything anybody involved in this has to say....
UC definitely concealed the dilution as best he could... i want to have a fair market too...
but don't you think the NS issue will actually have to be a law-suit filed by the shareholders against their OWN brokers for not verifying the presence/delivery of the shares they bought?
isn't YOUR OWN broker who you pay to protect you?
Posted by bill1352 on :
legel my buy is ready if your sell is. when the SEC started this there was no mention of any company believed n/s. then after UC's new lawyers had a chance to look around & the cult started screaming all of a sudden UC is crying n/s chit. anybody call nevada to see if the a/s was just raised? sounds like a good time to print more shares if you ask me....lol
Posted by legaleagle on :
quote:Originally posted by Upside: Legal, it appears that you believe the share structure will come out during the hearing Tuesday. Why?
THE JUDGE LEFT THE QUESTION OF SUBPOENAS FOR NS INFO OPEN FOR THE HEARING. THESE TYPES OF MATTERS ARE ADDRESSED AT THE OPENING OF THAT HEARING.
I EXPECT CMKX TO IMMEDIATELY MOVE TO REVISIT THE QUESTION OF SUBPOENAS FOR NAKED SHORT, THEN LAYING THE SHARE STRUCTURE PROOF ON THE JUDGES DESK, AND DEMONSTRATING THAT CMKX COULD NOT HAVE TRUTHFULLY COMPLETED THEIR FILINGS KNOWING THAT THE NUMBER OF SHAREHOLDERS WAS OVER 1.5 TRILLION, WHILE THE TA WAS SHOWING 703 BILLION. WHICH BY THE WAY WAS PREDOMINANTLY HELD BY INSIDERS.
Posted by legaleagle on :
quote:Originally posted by glassman: yeah legal, why should we trust anything anybody involved in this has to say....
UC definitely concealed the dilution as best he could... i want to have a fair market too...
but don't you think the NS issue will actually have to be a law-suit filed by the shareholders against their OWN brokers for not verifying the presence/delivery of the shares they bought?
isn't YOUR OWN broker who you pay to protect you?
GLASS I HAVE INFORMATION THAT THE NS ISSUE WILL BE HANDLED BY THE JUSTICE DEPARTMENT, NOT THE SHAREHOLDERS.
Posted by glassman on :
legal....
the number of SHARES ISSUED by the company has always been a secret....
that is what th efilings are supposed to show...
OS and AS.....they KNEW they were increasing the AS and they KNEW they were supposed to file....
this NS issue is a lame excuse for NOT filing...
hopefully it will ALL come out, but the co is just as liable IMO....
Posted by glassman on :
GLASS I HAVE INFORMATION THAT THE NS ISSUE WILL BE HANDLED BY THE JUSTICE DEPARTMENT, NOT THE SHAREHOLDERS.
do tell....
Posted by legaleagle on :
quote:Originally posted by bill1352: legel my buy is ready if your sell is. when the SEC started this there was no mention of any company believed n/s. then after UC's new lawyers had a chance to look around & the cult started screaming all of a sudden UC is crying n/s chit. anybody call nevada to see if the a/s was just raised? sounds like a good time to print more shares if you ask me....lol
UC WAS TALKING ABOUT NS BACK IN '03. HE DIDN'T YELL ABOUT IT BECAUSE HE WAS BUSY SELLING SHARES INTO THE MARKET AND BUYING THEM BACK, AND INCREASING THE NS PROPORTIONATELY UNTIL NOW.
Posted by glassman on :
UC WAS TALKING ABOUT NS BACK IN '03. HE DIDN'T YELL ABOUT IT BECAUSE HE WAS BUSY SELLING SHARES INTO THE MARKET AND BUYING THEM BACK, AND INCREASING THE NS PROPORTIONATELY UNTIL NOW.
sounds like market manipulation to me...
stripes look good on him?
still don't change the fact that he somehow circumvented all of the SEC filing rules to accomplish this "feat"... i have watched this from the time i first set eyes on Allstock...even before i officially signed in.... i've seen all the ridiculous claims and even wondered why some of the POSTERS didn't get picked up on blatant fraudulent statements... copied from other boards or not...
Posted by legaleagle on :
Street Shares: 259,631,393,269 Cert Shares: 25,720,338,111 Total Shares: 285,351,731,380 Signed Agreements: 4502
Posted by glassman on :
i do wish you all well in the NS issue...
but if you guys picked Global Crossing? i would buy in and go with you...
Posted by Wallace#1 on :
legal wrote: "WOW, THAT'S GOOD WALLACE, YOU'VE ALREADY HEARD A LIVE BROADCAST THAT HASN'T OCCURED YET. BUT THANKS FOR THE PLUG"
Just where did I say I heard a live broadcast that has not yet occured? Again, you missed the point. SAME GROUPS/DIFFERENT NAMES - - ALL PUMPING THE CHIT OUT OF CMKX. It isn't necessary to hear the pump to know that it will be pumped....just name the person or group~!!~!!
legal, what in hell are you talking about below?:
"HE DIDN'T YELL ABOUT IT BECAUSE HE WAS BUSY SELLING SHARES INTO THE MARKET AND BUYING THEM BACK, AND INCREASING THE NS PROPORTIONATELY UNTIL NOW."
Any proof at all, even if it is an off the wall suggestion? Not even a little? Did UC or any insider tell you all about it?
Posted by legaleagle on :
"Any proof at all, even if it is an off the wall suggestion? Not even a little? Did UC or any insider tell you all about it?"
COMING SOON TO AN ALJ HEARING ROOM NEAR YOU.
Posted by legaleagle on :
Shhhhhhh............listen...........can you hear it?
Posted by Upside on :
Originally posted by legaleagle:
quote:THE JUDGE LEFT THE QUESTION OF SUBPOENAS FOR NS INFO OPEN FOR THE HEARING. THESE TYPES OF MATTERS ARE ADDRESSED AT THE OPENING OF THAT HEARING.
I EXPECT CMKX TO IMMEDIATELY MOVE TO REVISIT THE QUESTION OF SUBPOENAS FOR NAKED SHORT, THEN LAYING THE SHARE STRUCTURE PROOF ON THE JUDGES DESK, AND DEMONSTRATING THAT CMKX COULD NOT HAVE TRUTHFULLY COMPLETED THEIR FILINGS KNOWING THAT THE NUMBER OF SHAREHOLDERS WAS OVER 1.5 TRILLION, WHILE THE TA WAS SHOWING 703 BILLION. WHICH BY THE WAY WAS PREDOMINANTLY HELD BY INSIDERS.
I've asked this before and have not received an answer so I'll try again. Why could they not have truthfully completed their filings? In essence what you are saying is that every company that has even an inkling that there might be a naked short position in their stock cannot truthfully file, correct? It's their responsibility to investigate it, come up with the short amount, and somehow incorporate it into their financials? Or do they just address it in the managments discussion section?
Posted by legaleagle on :
Under SHO it is a criminal violation to knowingly furnish false or misleading information in a filing. I doubt that a "discrepancy" would be noticeable or even pursued by the SEC. But a trillion shares is a lot more than a discrepancy; and CMKX is not just any other company.
Posted by Ric on :
Yeah REVOKE
for not filing and selling illegal shares on the market when they were required to file that they were being issued. You just don't get it. NSS doesn't matter because they still could have filed. If you had trouble because of NSS then you state that but no excuse not to file. Especially the S-8 showing dilution.
quote:Originally posted by legaleagle: Shhhhhhh............listen...........can you hear it?
Posted by tarq3 on :
FLASH: YOU DOD NOT NEED TO BE A MEMBER OF THE CMKX OWNERS GROUP TO REPORT YOUR CMKX SHARE COUNT TO FRIZZLE'S GROUP FOR THE PURPOSE OF DOCUMENTING THE NUMBER OF SHARE HOLDERS AS WELL AS THE NUMBER OF SHARES
There seems to be a bit of misunderstanding as to who may send in numbers to Mr. Frizzell in an attempt to expose the shorters of our stock.
All shareholders may send in the account information to Mr. Frizzell as stated in the follwoing post. It does not require non-OG shareholders to join the OG or pay a fee.
The following link will expalin what to send to Mr. Frizzell. When in the site, click on the icon titled "Naked Short Fax Capmpaign."
John Martin asked me to post the following for him:
My previous e-mail and general press release to all shareholders regarding sending information to us with your account information, asked you to provided the CUSIP number of CMKX stock listed in your account(s).
Some Board Members have posted the correct CUSIP number for CMXK for all to just copy into the information to be sent to Mr. Frizzell rather than going into their own account(s) and copying ther CUSIP number from.
PLEASE DO NOT SEND US ANY OTHER CUSIP NUMBER THAN THE ONE LISTED IN YOUR ACCOUNT(S).
The reason for this is that not all CUSIP numbers are the same; any numbers differing from the official CUSIP number of 125809103 may be intentionally incorrect and may have been altered: such an incorrect number could lead to a broker or market maker messing with your stock; therefore, YOU MUST check your CUSIP number in your broker account to see if it differs from the above number. If it does, fax a note to Mr. Frizzell at nakedfax@cmkxownersgroup informing him of such. make sure you include your name, broker name, and date of your statement with the incorrect CUSIP number and a way to contact you.
IMPORTANT: If you are having difficulty in locating your CUSIP number and cannot locate it, this is okay: DO NOT LET THE LACK OF FINDING YOUR OWN CUSIP NUMBER STOP YOU FROM SENDING IN ALL YOUR OTHER INFORMATION.
If you do eventually locate your CUSIP number and it differs from this one 125809103, then let Mr. Frizzell know by fax as stated above.
IMPORTANT # 2: If you have already sent in your account information to Mr. Frizzell, and you discover the CUSIP number differs from the one above, please fax Mr. Frizzell at nakedfax@cmkxownersgroup.com and provide the information as listed above.
Thank you,
CDLIC as per John Martin
Posted by Ric on :
This stupidity is getting ridiculous. This is so obvious of a scam. 704 billion has no excuse what so ever, I don't care what your reason is. They stopped filing for a reason and it wasn't NSS as they clearly stated in there first response. NSS wasn't even a issue until the shareholders got involved and UC hoped he found a scape goat out of this mess. This is a clear scam and I hope it ends soon because the chit is getting way to deep. I felt sorry for a few for getting sucked in but as the SEC will tell the judge the shareholders had 2 months to get out. We are protecting any future people from getting scammed into this crap.
Posted by Ric on :
You want to prove NSS then tell us the share structure. That would be a good start. But they refuse to do that yet they want everyone elses records. SCAM REVOKED
Posted by legaleagle on :
Ric: "We are protecting any future people from getting scammed into this crap."
You will have thankful people lined up for blocks around your house Ric. I hope they are thankful.
Posted by big d on :
How much do you make per post? I am considering a job change.
quote:Originally posted by Ric: This stupidity is getting ridiculous. This is so obvious of a scam. 704 billion has no excuse what so ever, I don't care what your reason is. They stopped filing for a reason and it wasn't NSS as they clearly stated in there first response. NSS wasn't even a issue until the shareholders got involved and UC hoped he found a scape goat out of this mess. This is a clear scam and I hope it ends soon because the chit is getting way to deep. I felt sorry for a few for getting sucked in but as the SEC will tell the judge the shareholders had 2 months to get out. We are protecting any future people from getting scammed into this crap.
Posted by glassman on :
quote:Originally posted by legaleagle: Ric: "We are protecting any future people from getting scammed into this crap."
You will have thankful people lined up for blocks around your house Ric. I hope they are thankful.
you kool-aid drinkers have been spouting that crap for over a year legal...
here people! "go stand on the freeway cuz you can sue the driver who hit's you" LOL....
we've been telling as close to the truth as we can find.... what about Global Crossing? short interest is PROVEN to EXCEED th e float....
HMMMM.....
Posted by Ric on :
Are you offering to pay me. It would be a easy job because it is what it is and anyone that would stop sipping on the koolaid for 5 minutes could see it to. 704 billion pump and dump.
Posted by Ric on :
Give us the numbers and prove me wrong. Thats all it takes. Whats the share structure? And if you don't know and still own a 704 billion o/s company then well whatever. No filing no proof of anything. How convenient for UC.
Posted by Ric on :
Too late, they will be revoked next week. No time for your application to be approved. Try appling for PRRM. Thats the next penny the SEC will shut down in my opinion. lol Hey Wallace when does me and bill get paid anyway.
big d Member
Member Rated: posted May 06, 2005 16:50 -------------------------------------------------------------------------------- How much do you make per post? I am considering a job change.
Posted by Upside on :
Originally posted by big d:
quote:How much do you make per post? I am considering a job change.
Different pay scales based on experience. I'm at .06 per post, don't know about Ric and the others.
Posted by bill1352 on :
legaleagle Member
Member Rated: posted May 06, 2005 16:15 -------------------------------------------------------------------------------- Under SHO it is a criminal violation to knowingly furnish false or misleading information in a filing. I doubt that a "discrepancy" would be noticeable or even pursued by the SEC. But a trillion shares is a lot more than a discrepancy; and CMKX is not just any other company.
===============================================
seriously legel have you ever read a 10-q? there are sections upon sections of crap just to cover any legel bases. cmkx could have filed at any time & just added a section. give a honest account of the shares & share structure. do 1 thing in an honest & straight-forward manor. you are right cmkx isnt just any company, its the biggest pump & dump in the history of the stock market. the OG is doing 1 thing, they are proving that being over 300 shareholders is something that should have been caught a long time ago. really makes ya wonder what roger glen was doing on the company dime.
Posted by bill1352 on :
ya wallace...what ric said...lol that is if i get to be promoted back to paid basher. i could use a second job.
Posted by Doctoall on :
quote:Originally posted by legaleagle: Shhhhhhh............listen...........can you hear it?
Yea I can hear it Urban chitting in his pants as he waits for the hearing that will CLOSE HIM DOWN, also Urban looking in the mirror and seeing what he will look like in STRIPES, oh yea Legal I sure can hear it Posted by buckwheatbob on :
quote:Originally posted by Doctoall:
quote:Originally posted by legaleagle: Shhhhhhh............listen...........can you hear it?
Yea I can hear it Urban chitting in his pants as he waits for the hearing that will CLOSE HIM DOWN, also Urban looking in the mirror and seeing what he will look like in STRIPES, oh yea Legal I sure can hear it
LOL! And legal eagle can be the parrot sitting on UC's shoulder.
Posted by Wallace#1 on :
What I find most interesting is how carefully legal and other cult members avoid answering so many "to the point questions" by diversion, distortion or just plain ignoring them. There are just so many out there where the answers are obvious, but cult members keep refusing to acknowledge their existence.
It makes one wonder how they can begin to live a normal life....the blind leading the blind. And, of course, there are always those around to sell them the worthless paper at any price or the fake canes for $25.
Posted by ed19363 on :
WE WERE KINDA HOLDIN' THAT FOR THE JUDGE BILL. YOU UNDERSTAND. BUT IF YOU HAVE TO WAIT, GET YOUR FINGER ON THE BUY BUTTON TUESDAY MORNING
GLASS I HAVE INFORMATION THAT THE NS ISSUE WILL BE HANDLED BY THE JUSTICE DEPARTMENT, NOT THE SHAREHOLDERS.
Okay, legal, now you've done it. You have information that nobody else has. So riddle me this, legalman.... Who are you that you have inside info? Who is "WE" Are you affiliated with CMKX company? Are you EMPLOYED by CMKX, and if so, in what capacity? How about a straight answer for a change!
Posted by legaleagle on :
Ok ed:
I have lots of information that many do not have because I dig for it.
I am a researcher, not an insider.
"WE" are the shareholders who support our company through the OG.
I only own shares in CMKX
No employment. Wish I did.
Straight as it gets.
Posted by Upside on :
Originally posted by legaleagle:
quote:Under SHO it is a criminal violation to knowingly furnish false or misleading information in a filing. I doubt that a "discrepancy" would be noticeable or even pursued by the SEC. But a trillion shares is a lot more than a discrepancy; and CMKX is not just any other company.
That's not an answer. It's not a violation to file stating the o/s and float and make no mention of a naked short whatsoever. They're not required to file that information. As far as CMKX not being just another company, that's certainly true, as a matter of fact, they're not a company at all, but that aside, the same rules apply to them as all others.
Posted by Wallace#1 on :
Ed asked legaleagle this:
"How about a straight answer for a change!"
Ed, all that kind of question does is give legal the opportunity to pass out more propaganda, speculation and bullschit. What did you expect?
Posted by bill1352 on :
now just 1 second upside, you know that first grade math doesn't apply to cmkx so why should the rules other companies have to follow apply? i mean when the SEC, DTC, debeers, shore gold, every mm's out there, all hedge funds, the US goverment, the canadian goverment, the mickey mouse club & a few i haven't mentioned or had drug induced flashbacks about are all out to cause cmkx to fail you have to go by differant rules or they will jump at the chance. why if cmkx filed without including the n/s as other companies do cmkx would be shut down in a heartbeat for lying on a legel document. no wait that doesnt work, they are getting shut down for not filing.
Posted by Upside on :
Even the Mickey Mouse club is out to get them? Man, they're in trouble now. Those little bas_tards are ruthless!
Posted by legaleagle on :
Street Shares: 261,645,133,244 Cert Shares: 25,885,443,110 Total Shares: 287,530,576,354 Signed Agreements: 4575
Posted by Upside on :
The average is dropping fast Legal!
Posted by Highwaychild on :
I just can't help to see that they've been "boxed in",how many times now?Hey looks like to me they've been boxed,put in another box,then stamped with a pair of dice rolled out "boxcar",by "boxcar Willy".I think it's about time there's a stand taken against naked short selling.I see CMKX is #1 on pinks request leaders.Looks like alot of people are waiting to see how this goes.And I bet there's alot of these same people that have had their other stocks on SHO list at one time or another.I wasn't going to get in OG, untill they made it free to email in your sharecount(ect.).So since they did, I'm cutting a check.$25 doesn't even hardly give me a 1/2 tank of gas, and I hire a lawyer for that,kind of funny I think.
Posted by glassman on :
and I hire a lawyer for that,kind of funny I think.
wait till they ask you to support them in the "class action" suit.... LOL
i would like to see NSing stopped....
i'm just jaded i guess....
Posted by legaleagle on :
quote:Originally posted by Upside: The average is dropping fast Legal!
REPOST FROM THIS MORNING:
The shareholders with the largest portfolios were no doubt the first to join and protect their large investments. That made for larger averages at the outset. Now the "little guys" are coming in and the averages are coming down to where they should be. Poll after poll conducted on the boards had been showing an average ranging from 10-20 million per shareholder.
He is now needing proof because the volume has risen to what they need to "prove" the naked short. And that is exactly what the judge will ask for....PROOF
Posted by Upside on :
quote:Poll after poll conducted on the boards had been showing an average ranging from 10-20 million per shareholder.
Got any links?
Posted by legaleagle on :
Up,those were polls taken at various message boards. No link.
Posted by legaleagle on :
IF we have the evidence to back a NSS and IF the judge proves objective in hearing our offer of proof on the NSS and IF she deems it relevant and IF all this comes out in a public hearing, we will indeed be writing history. IMO never has a pink sheet made it this far in possibly exposing the NSS issue for all to see. The bottom line imo is that this "game" that has been rigged for so long to rob from the individual will eventually reach the tipping point.
I, for one, am proud to be a part of this movement. We, the small people, have a legitimate chance imo to expose the greatest financial scandal in the history of the markets. This could never happened prior to the internet. This could never have happened if many small companies before hadn't fallen prey imo to the NSS and at least shined a light on the issue for all to follow. I do not know if we will win. Certainly the odds are still heavily stacked against us given the long history of failure against these enemies and the secretive, protective veil that the sec, dtc and market systems seem to so effectively perpetuate.
And yet here we are. In a public forum. With evidence that we know exists ... and much evidence that we have no idea about. What will our auditor say? What will Maheu say? What are Urban's holdings? As much as the naysayers like to beat everyone up about what a scam this is, there is MUCH information that they do NOT have. Here is just one statement that they can NOT disprove as of yet and COULD be made at the hearing:
Neil Levine: Your Honor, as cmkx's auditor, I cannot sign off on their financials when proof has been presented to me that more shares are being held than exist. It would not only violate Sarbanes Oxley, but the fundamental basics of accounting for me to knowingly approve of a false figure when share are being held by shareholders that have never been accounted for. In fact no honest or reasonable CPA could sign off on such financials without risking criminal liability. Perhaps the SEC can recommend a CPA to cmkx that is willing to risk such criminal sanctions but my ethical obligations and in fact, the law, forbid me to do so.
This is just one entrypoint. But there may be many others. We just don't know. What I DO feel I know though is that this is an awful lot of money being spent to defend the company when, if it was all just a scam, Urban had a lot less costly (and in fact far more effective) ways to close this saga out. I also have to ask why the sec has taken 11 months on this, halted us, investigated us, moved for a proceeding and it's all only over a filing that we did that was voluntary???? Where's the proof that Urban has dumped hundreds of billions of shares? Seems pretty basic to me. If the SEC had proof of that, wouldn't cmkx have been shut down a lot longer than this and likely to have never reopened? Was that really all the SEC had?
Anyway, I believe this is history in the making. Factors that no hedge fund could EVER have anticipated have arisen to create the perfect storm imo. Most junior mining companies are complete BS. Most never develop a strong or coordinated shareholder base. Most never have any actual REAL assets. Most never get legitimate legal counsel. Most management will eventually just give up and move on to new companies. Most shareholders eventually give up.
But IF in fact Urban didn't truly screw the pooch with complete and utter financial recklessness. And IF in fact a NSS can comfortably be established. And IF in fact Judge Murray is open-minded enough to hear the evidence and objective enough to be shocked by it. Well then, we will carve out a new order in the markets.
For years, Big Tobacco ruled the courts and hundreds of lawsuits, one after another, were soundly defeated despite the knowing, intentional death spread and covered up by the tobacco executives. (remember The Insider?) But plaintiffs attorneys learned. And persevered. And eventually a chink in the armor materialized. And suddenly, like a house of cards, one case after another was settled by Big Tobacco resulting in amounts numbering in the hundreds of billions of dollars. (oh yeah, by the way O'Quinn was one of the lead attorneys that broke the back of Big Tobacco - O'Quinn of the same O'Quinn pursuing the hedge funds, dtc and market makers for the NSS scandal).
We are on the edge imo of a new order in the markets if we can truly snap this Chief Judge out of the trance that the SEC and DTC have so conveniently put the markets under regarding delivery failure. A public forum. A massive, coordinated effort. And hopefully, with a little luck, a lot of facts that nobody knows about except cmkx that will bolster our case beyond contention.
To all the "foot soldiers" that have put this plan into action, I am left speechless. Even if we don't win, I am overwhelmed at the passion that people have approached this. It took a Rosa Parks to make a bold statement years ago. It is not without CRISIS that there is ever RESOLUTION. We have all put our hard earned money at risk and by NOT SELLING OUT have taken a stand to achieve not just personal freedom but a much greater liberation. I truly could NEVER have imagined this is where everything would lead just 11 months ago. And yet here we are. Win or lose, this truly is a MOVEMENT. And it will NOT end here no matter WHAT the resolution. But in all honesty, I believe it WILL be exposed here. And if so, this (relatively speaking) small group of shareholders will have achieved one of the most fascinating victories in the history of the financial markets imo. I know I've been all over the map with my opinions and thoughts but I've only spoken from my heart and given my truthful opinion. But no matter where my thoughts may HAVE been, today they are humbled. Humbled by a group of dedicated, passionate people that have stepped forward in their beliefs with astounding steadfast resolution. I bow to every one of you still holding your shares. And I pray that all this courage is rewarded a thousandfold.
Your fellow cmkx shareholder for life, zeninvestor32
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
Posted by legaleagle on :
Street Shares: 261,956,698,837 Cert Shares: 25,981,443,110 Total Shares: 287,938,141,947 Signed Agreements: 4582
Posted by glassman on :
catching up to Ronald i see...
i see UC too... but who's the pretty lady?
Posted by Doctoall on :
quote:Originally posted by ed19363: WE WERE KINDA HOLDIN' THAT FOR THE JUDGE BILL. YOU UNDERSTAND. BUT IF YOU HAVE TO WAIT, GET YOUR FINGER ON THE BUY BUTTON TUESDAY MORNING
GLASS I HAVE INFORMATION THAT THE NS ISSUE WILL BE HANDLED BY THE JUSTICE DEPARTMENT, NOT THE SHAREHOLDERS.
Okay, legal, now you've done it. You have information that nobody else has. So riddle me this, legalman.... Who are you that you have inside info? Who is "WE" Are you affiliated with CMKX company? Are you EMPLOYED by CMKX, and if so, in what capacity? How about a straight answer for a change!
I have always said that Legal is "Andrew", he just post way to much, as though he is trying to save his job or better still Urban. If he is not Andrew he is an insider.
He will make a great cellmate for Urban Posted by legaleagle on :
I SEE UC TOO. BUT WHO'S THE PRETTY LADY? Posted by Doctoall on :
quote:Originally posted by legaleagle: Street Shares: 261,956,698,837 Cert Shares: 25,981,443,110 Total Shares: 287,938,141,947 Signed Agreements: 4582
Bill Frizzell= Mickey Mouse Club Membership
4582 x $25.00 = $114,550.00 someone is getting richer by the day, Legal since you are promoting this signing up, how much of a kick back are you getting??
Posted by Wallace#1 on :
legal reposted a post by Zen (a known pumper), and I don't feel much like commenting on all of Zen's statements, but here are a few:
Z: IF the judge proves objective in hearing our offer of proof on the NSS.... Z: And IF in fact Judge Murray is open-minded enough to hear the evidence and objective enough to be shocked by it.
ANS: Get ready to see them blame the Judge now! Here come da Judge! Here come da Judge!
Z: I cannot sign off on their financials when proof has been presented to me that more shares are being held than exist.
ANS: First, what proof? Second, if they don't exist, then, they don't exist!!! Rather simple, huh?
Z: Most junior mining companies are complete BS. Most never develop a strong or coordinated shareholder base. Most never have any actual REAL assets. Most never get legitimate legal counsel. Most management will eventually just give up and move on to new companies. Most shareholders eventually give up.
ANS: Welcome to the world of CMKX...all BS fr Mt St Helens and a race track, cult shareholder base, unproven assets (if any -except for 2 specks), Roger Glenn and unkept promises, admitted incompetent management and shareholders WILL "eventually give up".
Posted by Doctoall on :
quote:Originally posted by legaleagle: I SEE UC TOO. BUT WHO'S THE PRETTY LADY?
She is the lady who is going to put Urban behind bars Posted by Doctoall on :
quote:Originally posted by Doctoall:
quote:Originally posted by legaleagle: I SEE UC TOO. BUT WHO'S THE PRETTY LADY?
She is the lady who is going to put Urban behind bars
Legal you should place Urban's face on a Prep H box it would be more appropriate.
Posted by glassman on :
i bet the judge says something like this:
anybody crazy enough to buy shares in company with a known AS of 800 BILLION deserves to lose their "investment"...
and the investors that paid .0001$ KNEW what they were buying...that's why it was so cheap....
there are quite few people that bought because of certain statements (like you won't believe what's sitting on my desk) made by Melvin and a few BB posters that were just plain not very truthful, those people truly have been ripped off....
[ May 07, 2005, 01:05: Message edited by: glassman ]
Posted by Ric on :
I still say that the company can prove its honesty by stating share structure and end this discontent. But it won't and yet these people want to trust this company that does nothing but hide information from its shareholders. I have to agree, some people are looking pretty fishy. Either paid or on the payroll.
Even with all that crap Frizzle spilled he didn't even act like the company told him what the share structure is and if they did he was gagged like the TA from stating it.
Posted by ed19363 on :
The moment of truth approaches....
Posted by legaleagle on :
FRIZZELL LATE NIGHT POST.
FRIZZELL LAW FIRM 305 S. Broadway, Suite 302 Tyler, Texas 75702 (903)595-1921 Fax (903)595-4383 E-Mail jmartin@cmkxownersgroup.com
Dear Group Members, May 7, 2005
A very exciting week is coming to a close. I want to thank each of you from the very bottom of my heart for the support you are providing to this group. Each and every CMKX shareholder and the company will benefit from your efforts.
You would be proud to meet the crew John Martin has assembled to handle the tasks this week-end. We have the capabilities to receive, digitize, sort and preserve the most important document you have in your possession - a broker’s confirmation of your owned CMKX stock.
We have scheduled our helpers so that my office is staffed 24/7 until John and I leave for LA Sunday evening.
For a number of reasons, I will not disclose the total number of shares we have verified until I am allowed to do so in the hearing on Tuesday. I am a bit anxious as we conclude this week. We had some glitches earlier in the week as we built the network to assemble this data. Precious days passed as we planned an efficient way to gather the necessary information. I am painfully aware we have only two full days before we leave for Los Angeles to verify this information. Most of you who are reading this message have already sent in your brokerage statements. For that I thank you. Those that have not, please take the time to fax your account summary to 903-595-4249.
We had some people with professed experience in guesstimating numbers based on our groups’ sampled data tell us our owned shares will be an astounding number greatly exceeding the company’s declared outstanding stock. If the shareholders, for whatever reason, do not get this message or decline to send their information to us, we have missed a valuable opportunity to prove to others the abuse this stock has endured.
There are many ways to enter a room. You can tap lightly and watch the door swing slowly into the room. You can give it a good shove and watch it bang against the wall when it stops. Or you can kick the door completely off its hinges and watch the frightened look of those in the room. I am hopeful we can get the word out and let us "kick the door in" when we reveal the outstanding shares we can document.
Please contact every person you know that owns CMKX stock and encourage them to take a moment during this Mother’s Day Weekend and get us their summaries. I hope to get you a report later today (Saturday) on our efforts.
Links above added by bludiamonds.
Posted by glassman on :
the most important document you have in your possession
sheesh sounds like he works for Melvin?
Posted by legaleagle on :
Street Shares: 262,417,148,061 Cert Shares: 26,076,373,389 Total Shares: 288,493,521,450 Signed Agreements: 4605
Posted by legaleagle on :
FRIZZELL: "We had some people with professed experience in guesstimating numbers based on our groups’ sampled data tell us our owned shares will be an astounding number greatly exceeding the company’s declared outstanding stock."
Posted by glassman on :
good, legal that still doesn't change the AS...
and they increased it secretly, we found out because of REGULAR people doing pretty good DD
Posted by legaleagle on :
quote:Originally posted by glassman: good, legal that still doesn't change the AS...
and they increased it secretly, we found out because of REGULAR people doing pretty good DD
SECRETLY??? BY POSTING WITH THE NEVADA SECY OF STATE??? YEP, THAT'S PRETTY COVERT.
Posted by bill1352 on :
i for 1 would love to see the market put on a level playing field. i do understand some pps manipulation by mm's or there would not be any as group runs would break most of them. i understand that to have a fluid market there will be a lot of short selling & at times the numbers will be hi but raising the bid & covering those short sales in a reasonable amount of time, say within 5 days on big boards & 10 on the otcbb. (group runs can distort the pps & the pps has a greater range). if UC had any honesty in him i'd buy just to help end n/s'ing. what happened to 1 yr ago, he could have tryed to be honest when the o/s was 400 billion. if the idea was to bloat the o/s to a stupid number to make a n/s stand out to an extreme level i'd say 400 billion would work. open the books on your own. no lawyers needed. UC could have had every news paper putting the story front page. yes the big media outlets may have tryed to shut it down. yes the SEC might have influanced large news outlets but with the internet as Zen pointed out the news would make its way into the mainstream. congress holds at least a few that would join the fight. instead UC has done everything in dark rooms, behind closed doors. he has increased the o/s to 800 billion, he said in july of 2004 he had zero shares. he has keep any info that might give the company value secret if there is anything of value & that has no bearing on a n/s. if the idea was to clear up a n/s that value would still be there after such happened. he has done nothing to say i'm a hard working guy trying to build a strong successful mining company. instead he is flying around following race cars & building a $5 million house. i hope there is a naked short & i hope they can prove it but like any group play it will die fast & no real pps value will happen. the big holders will hold most of their shares but selling off some will happen & the small holders will run at any profit or break even point because 1 thing is sure & proven...the o/s is stupid & kills any value the company might have.
Posted by Ric on :
IN Frizzle's interview he made it seem that he didn't believe this was going to help the company at the hearing, he was hoping it would. But seemed he was gearing up for a NSS lawsuit. Which I hope he can prove and win. Still will not stop the SEC from revoking registration for not filing. You can dream all you want about they can't file because nss but the judge made it clear its irreletive to these proceeding. UC clearly stated that the reason for not filing was voids in records not NSS. That came later when he knew he would lose with that argument. Also I also believe that UC is pushing ahead in court because he doesn't want 60,000 people suing him. Diversion is the key. Make the shareholders hate the SEC and not blame me for running a scam. If you look, its a lot easier for the NSS to occur in scams. But still with 704 billion illegal shares, I find it hard to believe that nss is very large if at all.
Posted by Ric on :
Big problem even if the group does get to prove either nss or they wake up and see UC for what he is they still won't get any money. Frizzle will, thats how all suits work with groups. The lawyer makes out and you lose. Frizzle has a cash cow here. what over 115 thousand already from the suckers, I mean shareholders group. And if a lawsuit will take most of those winnings too. Man hes good.
Posted by bill1352 on :
frizzy's in this for the fame Ric. if he can be the lawyer to prove a n/s he will be like johnny cochran in the stock market lawyers world. he will be on tv, radio, book deals. a few more cases & he retires. a smart man indeed.
Posted by legaleagle on :
RIC: IN Frizzle's interview he made it seem that he didn't believe this was going to help the company at the hearing, he was hoping it would.
A) YOU OBVIOUSLY DIDN'T LISTEN TO THE SAME INTERVIEW I DID. FRIZZELL NOW KNOWS THAT HIS NUMBERS ARE GOING TO PUT THE NAKED SHORT, FRONT AND CENTER.
RIC) But seemed he was gearing up for a NSS lawsuit. Which I hope he can prove and win.
A) NO MENTION HAS BEEN MADE OF ANY SUBSEQUENT LEGAL ACTION. THE CONTRACT WITH THE OG IS CLEAR AND PRECISE AND LIMITED TO THIS ACTION ALONE.
RIC) Still will not stop the SEC from revoking registration for not filing.
A) IF THE SEC AND JUDGE ARE BENT ON REVOKING, THEY WILL REVOKE REGARDLESS OF THE DEFENSE.
RIC) You can dream all you want about they can't file because nss but the judge made it clear its irreletive to these proceeding.
A) THE JUDGE MADE IT CLEAR THAT THE ISSUE IS STILL OPEN FOR DEBATE AT THE OUTSET OF THE HEARING.
RIC) UC clearly stated that the reason for not filing was voids in records not NSS. That came later when he knew he would lose with that argument.
A) INABILITY TO REPORT THE ACCURATE SHAREHOLDER COUNT "IS" A VOID IN THE RECORDS.
RIC) Also I also believe that UC is pushing ahead in court because he doesn't want 60,000 people suing him.
A) PUSHING AHEAD???? THE MAN IS DEFENDING HIMSELF, HIS COMPANY AND HIS SHAREHOLDERS FROM AN UNWARRANTED ATTACK BY THE DTCC, THRU THEIR HENCHMEN AT THE SEC. HE ISN'T "PUSHING" ANYTHING, THEY ARE.
RIC) Diversion is the key. Make the shareholders hate the SEC and not blame me for running a scam.
A) THE SHAREHOLDERS KNEW WHO WAS TO BLAME BEFORE THE ACTION.
RIC) If you look, its a lot easier for the NSS to occur in scams.
A) SO THE SHARE COUNTERFEITING IS ACTUALLY A GOOD THING BECAUSE IT SAVES US FROM CROOKS ??? HEARD THAT ONE ALREADY. LOL
RIC) But still with 704 billion illegal shares, I find it hard to believe that nss is very large if at all.
A) AND THAT IS WHY WE ARE COUNTING 24/7, TEN WORKERS PER SHIFT, UNTIL THE COUNT IS DONE. THOUSANDS OF SHAREHOLDERS ARE COMING FORWARD WITH THE INFORMATION IT TAKES TO BRING THIS THING TO A HEAD. AND THEN, ON TUESDAY, THE NUMBERS WILL COME OUT...........IF THE JUDGE AND SEC DOES NOT GAG US.
THE ONLY WAY THE NS, THE DTCC AND THE SEC CAN KEEP A MASSIVE NAKED SHORT FROM OVERWHELMING THEM, IS TO PUT AN END TO THE COMPANY. TO BANKRUPT IT. TO SCARE OR INTIMIDATE THE SHAREHOLDERS UNTIL THERE IS A MASSIVE EXODUS FROM THE STOCK.
AIN'T GONNA HAPPEN.
Posted by legaleagle on :
RIC) Big problem even if the group does get to prove either nss or they wake up and see UC for what he is they still won't get any money.
A) IF THE NSS IS PROVEN TO BE MASSIVE, THERE WILL BE AN IMMEDIATE FED CALL AND A SQUEEZE ON THE SHORTERS UNLIKE ANYTHING SEEN.
RIC) Frizzle will, thats how all suits work with groups. The lawyer makes out and you lose. Frizzle has a cash cow here. what over 115 thousand already from the suckers, I mean shareholders group. And if a lawsuit will take most of those winnings too. Man hes good.
A) FRIZZELL IS DOING SUCH A GOOD JOB, I HOPE HE DOES MAKE A NICE PROFIT, BUT HE STILL WON'T MAKE ANYTHING LIKE THE SHAREHOLDERS WILL WHEN THE MASSIVE NS IS PROVEN.
.
Posted by legaleagle on :
quote:Originally posted by bill1352: frizzy's in this for the fame Ric. if he can be the lawyer to prove a n/s he will be like johnny cochran in the stock market lawyers world. he will be on tv, radio, book deals. a few more cases & he retires. a smart man indeed.
AND FAME HE WILL HAVE. GOOD FOR HIM. GOOD FOR THE INVESTORS WHO STOOD UP AND EXPOSED THIS CORRUPT SYSTEM. GOOD FOR UC, AND STOECKLEIN WHO ARE LEADING THE FIGHT, AND ROGER GLENN WHO LAID THE STRATEGY GROUNDWORK FOR WHAT WE ARE SEEING NOW. THERE'S GOING TO BE A LOT OF FAMOUS PEOPLE WHEN THIS IS OVER.
Posted by Ric on :
THEN YOU BETTER RElisten BECAUSE HE DID STATE HE WAS GEARING UP FOR A NSS LAWSUIT SEVERAL TIMES.. Get the wax out of your ears and listen. geez
Posted by Ric on :
Your dreaming, all that were in extreme nss in the past has gone bankrupt. There will be no payday. Worst case senerio for the DTCC is a lawsuit and the Judge will give you your money back. Thats all.
quote:Originally posted by legaleagle: RIC) Big problem even if the group does get to prove either nss or they wake up and see UC for what he is they still won't get any money.
A) IF THE NSS IS PROVEN TO BE MASSIVE, THERE WILL BE AN IMMEDIATE FED CALL AND A SQUEEZE ON THE SHORTERS UNLIKE ANYTHING SEEN.
RIC) Frizzle will, thats how all suits work with groups. The lawyer makes out and you lose. Frizzle has a cash cow here. what over 115 thousand already from the suckers, I mean shareholders group. And if a lawsuit will take most of those winnings too. Man hes good.
A) FRIZZELL IS DOING SUCH A GOOD JOB, I HOPE HE DOES MAKE A NICE PROFIT, BUT HE STILL WON'T MAKE ANYTHING LIKE THE SHAREHOLDERS WILL WHEN THE MASSIVE NS IS PROVEN.
.
Posted by legaleagle on :
Questions Concerning A Class Action Lawsuit 1.01 of the agreement explains the purpose of representation. There have been concerns that this group is bringing a class action against either management or some other third party. If any shareholder had a desire to bring a class action suit against any party, that shareholder would have to hire new counsel and sign a new employment agreement with a different attorney. This group has been formed to protect the rights of the shareholders in the present action being brought by the SEC against the company. The following words have been inserted into 1.01: It is not the purpose of this representation to assert any class litigation against the Company or any third parties. The client’s rights to bring a class action suit against any party are not effected by this agreement.
Posted by Ric on :
By the way if you knew you bought shares in a NSS company it will be used against you if you want your money back.
Posted by legaleagle on :
quote:Originally posted by Ric: Your dreaming, all that were in extreme nss in the past has gone bankrupt. There will be no payday. Worst case senerio for the DTCC is a lawsuit and the Judge will give you your money back. Thats all.
quote:Originally posted by legaleagle: RIC) Big problem even if the group does get to prove either nss or they wake up and see UC for what he is they still won't get any money.
A) IF THE NSS IS PROVEN TO BE MASSIVE, THERE WILL BE AN IMMEDIATE FED CALL AND A SQUEEZE ON THE SHORTERS UNLIKE ANYTHING SEEN.
RIC) Frizzle will, thats how all suits work with groups. The lawyer makes out and you lose. Frizzle has a cash cow here. what over 115 thousand already from the suckers, I mean shareholders group. And if a lawsuit will take most of those winnings too. Man hes good.
A) FRIZZELL IS DOING SUCH A GOOD JOB, I HOPE HE DOES MAKE A NICE PROFIT, BUT HE STILL WON'T MAKE ANYTHING LIKE THE SHAREHOLDERS WILL WHEN THE MASSIVE NS IS PROVEN.
.
THIS AIN'T THE PAST RIC. AND CMKX ISN'T JUST ANOTHER COMPANY.
Posted by legaleagle on :
quote:Originally posted by Ric: By the way if you knew you bought shares in a NSS company it will be used against you if you want your money back.
THAT'S THE BIGGEST PIECE OF CR@P YOU HAVE COME UP WITH YET.
Posted by Ric on :
Then your legal experience is none. If you get into a illegal situation knowing you did. Then you are not entitled to compensasion under the law.
Posted by legaleagle on :
Briwadd God of Diamonds
member is offline
Posts: 731 Martin Conversation « Thread started on: Today at 09:18am »
-------------------------------------------------------------------------------- This morning, I spoke with Mr. Martin. I must admit, I have not signed up for the owners group nor have I faxed my statement to the law firm. I looked at the average shareholder and I fell way below that with 39 million shares. I have always supported the Owners Group; however, never put my money where my mouth was...That has all changed since my conversation with Mr. Martin this morning.
I called the law firm this morning to have some questions answered and Mr. Martin answered the phone. He stated that he had been there since yesterday working diligently. I guess I just wanted someone to confirm that the NSS was significant. He confirmed a 3-6 trillion NSS on the phone. He also stated that one of the leading authorities on NSS stated that CMKX has the largest NSS in the history of the stock market. I was obviously convinced that we are part of history in the making and the NSS will go before the judge. He did not give any specific numbers as to where we are at right now.
If you were like me, thinking that a few shares won't matter over all, please fax that info today. If for no other reason than to say you were part of history.
Mr. Martin went on to tell me how he thought it would play out. He stated that he did not beleive that a cover would occur causing the stock to rise. He beleives in a possible cash settlement as a result of the large NSS. This was only his OPINION. He also stated that he believed that as low as 10 million shares would be enough to make a large amount of money....
Why don't a MOD contact Mr. Martin and verify this conversation so I don't have to spend Saturday morning listening too "Mr. Martin would never say that" crap....
Briwadd
Posted by legaleagle on :
quote:Originally posted by Ric: Then your legal experience is none. If you get into a illegal situation knowing you did. Then you are not entitled to compensasion under the law.
RIC, SOME SHARES ARE LEGAL AND SOME ARE NOT, HOW WOULD ANYONE KNOW WHICH THEY WERE BUYING WHEN THEY PLACE AN ORDER. THAT IS WHY I SAID IT IS "CR@P"
Posted by JohnnyRotten on :
According to one site the share count is now over 1 trillion. That is without the insiders. The time asked for is closing statements the end of March. If everyone used this time frame there is something else to this.
Since the end of March how many new shares have been counterfitted? With over 1 trillion available for sale on the market what liquidity defense could any broker/MM come up with? With the hearings announced how could buys ever exceed sells of this stock, few buy before a revokation hearing.
If this gets to be public, before a judge, whether this one or the next then they are headed for jail. Forget bankruptcy. This is criminal. It will be an open and shut case once the DTCC is forced by court order to release records. And they will be forced to. What you have in the OG share count rises to a legal threshold of probable cause and I would imagine in the next few days they will be visited by law enforcement groups.
Also, I want to know how RIC could prove someone bought knowing this was shorted when there was no public evidence of it until today? Until today it was simply rumor in public forums with people debating it. Many in this forum including the chief bashers have repeatedly said it is UC diluting not NSS.
I would also like to mention that in many financial cases where companies are run out of business that treble damages are awarded. That is triple the amount of the loss. In such a suit someone investing 1000 would be awarded 3000.
I think we have a good case building. Physical proof is hard to overcome. Brokerage statements do not lie. If all are dated end of March then you have a date that cannot be effected by the present happenings.
We are going to win if the US securities protectors are just honest and willing to award justice for all.
Posted by glassman on :
quote:Originally posted by legaleagle:
quote:Originally posted by Ric: Then your legal experience is none. If you get into a illegal situation knowing you did. Then you are not entitled to compensasion under the law.
RIC, SOME SHARES ARE LEGAL AND SOME ARE NOT, HOW WOULD ANYONE KNOW WHICH THEY WERE BUYING WHEN THEY PLACE AN ORDER. THAT IS WHY I SAID IT IS "CR@P"
remeber what i told you about the BROKERS....
they KNOW if they get shares or not...
i think you need to do a little research into how margin accts work... do you sign away your rights to actually recieve shares or not?
and when the brokers say we won't let you buy this anymore? maybe it's becasue they don't want the margin account to have NOTHING in them at all? think about it...
Posted by JohnnyRotten on :
Pink sheets cannot be sold on Margin.
Posted by glassman on :
doesn't matter...
when you have a margin acct? you have agreed to certain terms...the sword cuts both ways....
Posted by glassman on :
face it:
the PPS won't go up if nobody wants to PAY more for it...that simple.. no diamonds? no mo money.... Posted by glassman on :
Asst. Director of Market Regulation James Brigagliano presented the SEC’s position very clearly when he was quoted in the April Edition of Euromoney Magazine saying "When you look at some of the complaints from issuers, you have to ask yourself is naked shorting really the problem here? Some of these companies have had serious financial and regulatory issues that may have been the cause for their stock price falling."
Global Crossing falls into that category Mr. Brigagliano speaks of and thus is ripe for the SEC’s bias and neglect. But Global Crossing also has trading facts that even the SEC cannot ignore.
Lets work the numbers:
Number of Shares outstanding: 22.16 Million
Number of Shares in public Float: 9.30 Million
Number of Shares Reported Short (March 8, 2005): 10.78 Million
Percent of Public Float held Short: 115.95%
Number of Shares Reported Short (February 10, 2005): 10.81 Million
Who exactly did the SEC protect when they pardoned all past settlement failures? Global Crossing, like Cal-Maine, was listed as a NASD Rule 11830 threshold stock dating back to before October 2004. They have had greater than 0.5% of their outstanding shares in constant settlement failure for six consecutive months. Global Crossing has also churned their public float 4.95 times since October, trading better than 46 Million shares during this time period. Yet since October the reported short position in the stock has only been shaved from a reported 12.2 Million shares to the present 10.8 Million share Posted by JohnnyRotten on :
OK Brokers counterfit that company all you want because they are going under anyway? Might as well let you make a little money off the unsuspecting public.
That sounds good but doesn't protect the new investors. The charter of the SEC is to protect investors not let their associates make a little money.
Posted by legaleagle on :
Posts: 942 Registered: 22-10-2004 Member Is Online
posted on 7-5-2005 at 04:15 PM
LATEST FROM FRIZZELL 05/07
FRIZZELL LAW FIRM 305 S. Broadway, Suite 302 Tyler, Texas 75702 (903)595-1921 Fax (903)595-4383 E-Mail jmartin@cmkxownersgroup.com
Dear Group Members, May 7, 2005 (2nd)
It appears our efforts to have a video production of the hearing were to no avail. You have probably seen the response from the SEC opposing our efforts to have an offsite video showing of the hearing. I had asked Judge Murray to withhold her ruling until I was able to get permission from the Federal Courts to have a video production.
Thanks to some quick work by Al Hodges, a very good lawyer in Pasadena, California, I learned that many of the federal courts had built in video conferencing equipment already installed in the courtroom. From a security standpoint, the Federal Courts (and many other courts) objected to strangers bringing in video equipment and being able to photograph the interior of the Court facilities. Mr. Hodges jumped through quite a few hoops to get the Court personel to agree to allow the use of the video conferencing equipment that was already on site. Mr. Hodges was preparing a modified request for Judge Murray when he learned that Courtroom #1339 was one of the few courtrooms that did not have the video equipment built in. We appreciate Mr. Hodges efforts on the ground in Los Angeles for all the shareholders. I am ceasing my efforts to get this hearing televised.
We are pleased to report that account summaries are arriving every few seconds. We have noticed that there are many members who have joined that have not sent in a copy of their statements. Many people have called and asked if their positions were already included in the evidence we are assembling. Your group agreement allows us to include your share numbers as we speak of the group’s numbers but the shares will not be added in the court documentation if you have not sent your share summary in. The documentation we will be offering in evidence is actual information obtained from your broker via your monthly summaries. If you have not sent a summary to us since Thursday (5-04-05), your shares will not be in the documentation that will go to Judge Murray. I am proud to speak of the numbers of shares contained within our group but I can only offer the share summary as evidence. To explain it in legal terms might take a while, but simply said a reproduction of your statement carries more legal weight than our employment agreement where you simply state your holdings.
Folks, we need every provable share before we shut her down Sunday evening. Please get your brokerage statement faxed to 903-595-4249 if you have not already done so. Please send only the critical page that has your CMKX holdings on it. We have received some 15-20 page summaries and it is causing some delays. Each document is being identified separately and being encoded with an identifying number. The main info is the name on the account, the number of shares and the broker’s name. Cusips are helpful but not necessary. If the required information can come with one page, we would really appreciate it.
It is too easy to adopt the attitude that many people have about voting. i.e. My vote won’t change the election so it won’t matter if I decide not to vote…Enjoy your weekend but help us if you have not sent your statement in.
Onward,
Bill
Posted by legaleagle on :
Street Shares: 264,990,921,459 Cert Shares: 27,205,796,425 Total Shares: 292,196,717,884 Signed Agreements: 4672
Posted by will on :
"Total Shares: 292,196,717,884 Signed Agreements: 4672"
These are supported by statements? Doesn't look like it.
Posted by legaleagle on :
THIS IS THE OWNERS GROUP NUMBERS, WHICH ARE STILL CLIMBING.
FRIZZELL HAS ALREADY STATED THAT "OPERATION NAKED SHORT FAX" NUMBERS WILL NOT BE RELEASED BEFORE THEY ARE PRESENTED TO THE JUDGE.
THE NUMBER ON OPERATION NS ARE GROWING MUCH FASTER SINCE THERE IS NO FEE PAYMENT REQUIRED TO JOIN IN ON THE COUNT.
Posted by Ric on :
Johnny you made a perfect point. There was no proof of NSS, It was always assumed by the koolaid drinkers but no proof of it. So how do you account for not filing. Your arguement that I thought there was NSS but couldn't prove it so I can't file because all I know is the ridiculous o/s of 704 billion> And too I refuse to tell its breakdown but there could of might of we are hoping but not sure of NSS so we can't file. Funny thing though a month ago you couldn't file because there was voids in the records and before that we didn't file because we lied on form 15. Oh right it was a mistake that we claimed under 300 when we had 698. That easy to do. huh????????? over double the number is a mistake??????
Posted by legaleagle on :
quote:Originally posted by Ric: Johnny you made a perfect point. There was no proof of NSS, It was always assumed by the koolaid drinkers but no proof of it. So how do you account for not filing. Your arguement that I thought there was NSS but couldn't prove it so I can't file because all I know is the ridiculous o/s of 704 billion> And too I refuse to tell its breakdown but there could of might of we are hoping but not sure of NSS so we can't file. Funny thing though a month ago you couldn't file because there was voids in the records and before that we didn't file because we lied on form 15. Oh right it was a mistake that we claimed under 300 when we had 698. That easy to do. huh????????? over double the number is a mistake??????
RIC, THE FACT THAT SHAREHOLDERS COULDN'T PROVET THE NAKED SHORT IN THE PAST, DOESN'T MEAN THE COMPANY COULDN'T. THEY HAD THE NOBO NUMBERS. AND THEY KNEW HOW MUCH THE INSIDERS HELD.
Posted by Ric on :
lol, yeah right. NOBO numbers are how many shareholders not how many shares. And if they had the proof why not give it to the group. This is really a smoke screen and you know it. NSS wasn't even a issue until the shareholders group. But keep drinkong the koolaid and believing in a company that hides everything from you. Why does cmkx need the DTCC or SEC records if they had proof.
What did you say to me, oh yeah:
THAT'S THE BIGGEST PIECE OF CR@P YOU HAVE COME UP WITH YET.
Posted by Wallace#1 on :
It appears to me that the CMKX Cult is now pinning their hopes on a NSS situation. They've been scammed, but now want to be able to say they brought NSS to world attention. That is a cop-out!!! That is your satisfaction???
Those of you who do hold CMKX stock had better hope there is no major NSS situation. Unless you have your certificate(s) in physical form -- as I suggested months ago -- no one will know who is entitled to compensation and or dividends. No one will know which people are true shareholders vs non-existent shareholders.
One thing is certain. Casavant and cohorts know what they own and can prove it.
Posted by Ric on :
"One thing is certain. Casavant and cohorts know what they own and can prove it."
Forgot one thing there - and refuses to prove what it is.
Posted by Doctoall on :
I just can't wait to hear from the faithful after Tuesday May 10th.
Wait until all those CMKX faithful finally realize that their Urban has really scammed them.
I bet Urban is not looking forward to any more parties, he will be very scarce at the race track.
Can't go to Canada as the Saskatchewan Securities are looking for him, the angry shareholders will be looking for him in the US, so I would imagine South America will have to do.
CMKX= Scam of the century Urban= Scam Artist of the century
I would also imagine that some will be trying to track the IP of Legal, no doubt there will be shareholders that will want to meet him in person after all his crap post on the boards. After all he is no better tha Urban and Melvin with his devotion to this scam.
Posted by legaleagle on :
Ric: NSS wasn't even a issue until the shareholders group. But keep drinkong the koolaid and believing in a company that hides everything from you.
1/7/2003 Casavant Mining Kimberlite International Announces LAS VEGAS--(BUSINESS WIRE)--Jan. 7, 2003 Casavant Mining Kimberlite International Inc. (OTCBB:CMKI)
Third, CMKI has been informed that majority shareholders plan on holding their shares in certificate form indefinitely if it helps the Company combat "naked short selling". Under a naked short sale, short positions are not declared, shares are not borrowed to cover the short sale, and the shares are sold without delivering the stock to the purchaser. Real shareholder ownership is undermined by naked short sales of stock and failed deliveries of real certificates that artificially inflate ownership and devalue the price of the securities.
Posted by Doctoall on :
Legal and Urban et al. One thing that you need to learn is that you don't mess with people and their money.
You guys know that CMKX is a scam and now you are trying to blame the NSS.
And you guys knew this all while you were taking the hard earned money of the investors.
What goes around will come around and thats a fact Posted by legaleagle on :
300 BILLION MARK REACHED (OG)
Street Shares: 275,663,252,025 Cert Shares: 27,251,546,425 Total Shares: 302,914,798,450 Signed Agreements: 4704
Posted by legaleagle on :
quote:Originally posted by Doctoall: Legal and Urban et al. One thing that you need to learn is that you don't mess with people and their money.
You guys know that CMKX is a scam and now you are trying to blame the NSS.
And you guys knew this all while you were taking the hard earned money of the investors.
What goes around will come around and thats a fact
DOC, IF YOU HAVEN'T LEARNED ANYTHING ELSE FROM MY POSTING, LEARN THIS. I CAN'T BE INTIMIDATED. AND IT LOOKS LIKE URBAN CAN'T EITHER. THAT KIND OF B.S. JUST MAKES ME WORK HARDER.
Posted by Doctoall on :
I am not trying to intimidate you, just telling you the truth, angry shareholders will be looking for you. The crap you post is criminal.
What goes around comes around
Legal if you call what you do work, that is the worst crap I have ever heard
Keep pumping your SCAM SCAM SCAM CMKX
Legal and Urban, the shareholders will be looking for you sooner or later
Posted by Doctoall on :
LEGAL=== SCAM PUMPER
LEGAL===SCAM PUMPER
CMKX === SCAM OF THE CENTURY
Legal its never pretty when you get a group of angry shareholders.
Posted by Wallace#1 on :
Remember guys, legal doesn't know what he is doing or what CMKX is really all about, so please take it a bit more easy on him. He's gone all the way to oblivion and, therefore, may not be in control of his faculties. It won't be long before the guys with the straight-jackets visit him. Come to think about it, maybe he's there already and we do not know it!!! LOL
Posted by ed19363 on :
He has already been tracked, but not too many people have access to the info.
Posted by Ric on :
I just hate stocks like this and PCBN (revoked) and USCI (revoked) and CMKX (soon revoked) MLON (made to tell they lied) and PRRM (next to be investigated).
Selling shares for a living and scamming people into thinking this .0001 company is great. Get these shamless pumpers to pump it while making promises for years to become a reporting company with promises of numbers soon. Years later still no numbers and more shares being sold.
Then you have these shamless pumpers convince people that 20 billion, 48 billion, 65 billion, 199 billion, and 704 billion shares is nothing. This poor little pink sheet will make you all rich. Look at what we have. Of course we want show you but its pretty. Diamonds, oil, or whatever is hot to make you buy without having to tell you anything. Dreams is all they ever give you. They blame everything for there misfortune and have these paid pumpers and paid web sites like Green Baron, Wall Street, and others. Have paid pumpers like Willy and Dr. Diamond issue PR as if they were news. While in turn CMKX sold an avg of 2 billion shares a day to the market. All these do this just not to the extreme of CMKX.
Posted by Doctoall on :
quote:Originally posted by ed19363: He has already been tracked, but not too many people have access to the info.
He had better pray that it stays that way Posted by Ric on :
Maybe they need to give his medication before giving computer time. lol j/k
quote:Originally posted by Wallace#1: Remember guys, legal doesn't know what he is doing or what CMKX is really all about, so please take it a bit more easy on him. He's gone all the way to oblivion and, therefore, may not be in control of his faculties. It won't be long before the guys with the straight-jackets visit him. Come to think about it, maybe he's there already and we do not know it!!! LOL
Posted by joesturbo on :
Thats real nice guys...
Posted by Dustoff101 on :
How does anyone defend 302,914,798,450 shares. ...........Besides that little problem...... I want to see the diamond that got stuck in 2 1/2 inch pipe.....How about the drill bit that got tore up trying to drill through it.....I guess these are just minor problems that will be cleared up in the next PR.....And who stole my shed!!!!!!
Posted by Doctoall on :
quote:Originally posted by joesturbo: Thats real nice guys...
Accomplishing what? Pumping a useless stock and milking new investors.
CMKX is a scam and after Tuesday May 10th= REVOKED
CMKX==== REVOKED Posted by Doctoall on :
quote:Originally posted by Dustoff101: How does anyone defend 302,914,798,450 shares. ...........Besides that little problem...... I want to see the diamond that got stuck in 2 1/2 inch pipe.....How about the drill bit that got tore up trying to drill through it.....I guess these are just minor problems that will be cleared up in the next PR.....And who stole my shed!!!!!!
Speaking of sheds, do you guys remember seeing that broken down shed and drill that CMKX tried to pound off on the shareholders. Geez the drill was never working, but for sure the BS pump was working just fine, thanks to Melvin, Noah, & Sterling.
Posted by legaleagle on :
quote:Originally posted by Wallace#1: It appears to me that the CMKX Cult is now pinning their hopes on a NSS situation. They've been scammed, but now want to be able to say they brought NSS to world attention. That is a cop-out!!! That is your satisfaction???
Those of you who do hold CMKX stock had better hope there is no major NSS situation. Unless you have your certificate(s) in physical form -- as I suggested months ago -- no one will know who is entitled to compensation and or dividends. No one will know which people are true shareholders vs non-existent shareholders.
One thing is certain. Casavant and cohorts know what they own and can prove it.
WALLCE, HUH??? RECOMMENDING PEOPLE GET CERTS FOR A SCAM??? MAKE UP YOUR MIND. WHY WOULD I NEED TO PROVE OWNERSHIP IN A WORTHLESS SCAM. SOUNDS LIKE THE ADVICE OF SOMEONE WHO HAS ALREADY PULLED CERTS. Hmmmmmmm. YOU BEEN PLAYING THIS THING BOTH WAYS????
Posted by TANGO42 on :
quote:Originally posted by Doctoall: LEGAL=== SCAM PUMPER
LEGAL===SCAM PUMPER
CMKX === SCAM OF THE CENTURY
Legal its never pretty when you get a group of angry shareholders.
I am having trouble grapsing the logic of your post. I see a dozen people in here that have a negative opinion ( not sure how many shares that is) and an Owners group of 4700+ and 300b shares. The only possible angry shareholders are HERE ???????? Lefty PS: If you think all 4700+ are koolaid drinkers, your next investment should be in Koolaid !
Posted by legaleagle on :
quote:Originally posted by TANGO42:
quote:Originally posted by Doctoall: LEGAL=== SCAM PUMPER
LEGAL===SCAM PUMPER
CMKX === SCAM OF THE CENTURY
Legal its never pretty when you get a group of angry shareholders.
I am having trouble grapsing the logic of your post. I see a dozen people in here that have a negative opinion ( not sure how many shares that is) and an Owners group of 4700+ and 300b shares. The only possible angry shareholders are HERE ???????? Lefty
GO EASY ON THEM TANGO, THEY'RE THE ONLY "TOYS" I HAVE LEFT.
Posted by Ric on :
I think there will be lots of anger when UC has to answer the questions in court like:
How many shares did you sell to the public? (600 billion your honor)
Where is the money from those sells? (Lets see, a race car, a 5 million dollar home, and lots of Vegas fun)
How many diamonds have you found? (two the size of a grain of sand)
How many times have you drilled? (Once and the duct tape quit holding the drill together)
Thats just a few example of what will really pizz a lot of delusional investors that were promised by these paid pumpers that CMKX had something.
Posted by Doctoall on :
quote:Originally posted by legaleagle:
quote:Originally posted by TANGO42:
quote:Originally posted by Doctoall: LEGAL=== SCAM PUMPER
LEGAL===SCAM PUMPER
CMKX === SCAM OF THE CENTURY
Legal its never pretty when you get a group of angry shareholders.
I am having trouble grapsing the logic of your post. I see a dozen people in here that have a negative opinion ( not sure how many shares that is) and an Owners group of 4700+ and 300b shares. The only possible angry shareholders are HERE ???????? Lefty
GO EASY ON THEM TANGO, THEY'RE THE ONLY "TOYS" I HAVE LEFT.
Plus your kool aid containers Posted by Doctoall on :
quote:Originally posted by TANGO42:
quote:Originally posted by Doctoall: LEGAL=== SCAM PUMPER
LEGAL===SCAM PUMPER
CMKX === SCAM OF THE CENTURY
Legal its never pretty when you get a group of angry shareholders.
I am having trouble grapsing the logic of your post. I see a dozen people in here that have a negative opinion ( not sure how many shares that is) and an Owners group of 4700+ and 300b shares. The only possible angry shareholders are HERE ???????? Lefty PS: If you think all 4700+ are koolaid drinkers, your next investment should be in Koolaid !
Don't worry yourself, I am a shareholder and have plenty of useless pieces of paper. I keep trying to sell them to legal at $1.25 per share as he thinks that they are worth so much, but hell no he won't take them because he knows that they are worthless Posted by Wallace#1 on :
legal wrote: "GO EASY ON THEM TANGO, THEY'RE THE ONLY "TOYS" I HAVE LEFT."
I knew it!!!! He's back in there! Now he's yelling his fool head off too.
joeturdbowl heard from again? Or is it goferschit?
Posted by Ric on :
But it won't matter. After the SEC wins and this is revoked. The paid pumpers will have new theories of how you will make all your money back and more in the private company of CMKX. They will sue the people responible for NSS and make you all rich beyond your wildest dreams. Of course all class action suits the lawyer gets rich and the people that were harmed get pennies on the dollar. BUt we will get them. And UC will pat you on the back and cheer you on while sitting by his pool sipping his drink with a huge smile on his face. Thinking how nice it was for all of you to make him rich.
Posted by Wallace#1 on :
Well, if they start a class action suit, I'd guess old Fizzle will want another $25 from each Cult member again in addition to what he gets from the suit. Isn't there some kind of scam where when someone gets scammed, another comes along to scam them again by convincing them they will get the wrong corrected? Just give them more money???
Posted by joesturbo on :
Ha ha ha... You guys are too funny with your witty comments. Maybe you should try standup? We shall see who has the last laugh – even if the stock does get revoked (which I don’t think it will) there are other options on the table. Interesting to note that Maheu has never lost against the SEC… Something to think about.
Posted by Ric on :
I think that is so funny, Mahue has never lost against the SEC, roflmao. What he always gets involved with companies in trouble with the SEC.
But really, what I think is funny about it is CMKX threw a fit because the SEC was trying to subpoenia him. Thay didn't want him there. lol
So, since the law firm is handling the case, what is Mahue's rule in stopping the SEC from revoking the stock?
Posted by legaleagle on :
OHHHH.....WAIT A MINUTE.........THAT WAS SUPPOSED TO BE A PICTURE OF CLOUDS. OH NO, HOW DO I CHANGE IT TO CLOUDS.
WELL NEVER MIND, IF THE HORSE FITS, WEAR IT.
Posted by Ric on :
CT admin in true form. It alright to say it but that offensive.
Posted by joesturbo on :
LOL good one Legale!
Ric, funny you say that you said "I think that is so funny, Mahue has never lost against the SEC, roflmao. What he always gets involved with companies in trouble with the SEC."
Didn't you answer your own question?
Posted by dwman on :
quote:WALLCE, HUH??? RECOMMENDING PEOPLE GET CERTS FOR A SCAM??? MAKE UP YOUR MIND. WHY WOULD I NEED TO PROVE OWNERSHIP IN A WORTHLESS SCAM. SOUNDS LIKE THE ADVICE OF SOMEONE WHO HAS ALREADY PULLED CERTS. Hmmmmmmm. YOU BEEN PLAYING THIS THING BOTH WAYS???? [/QB]
LOL.... Score one for legal. Hi friends.
Posted by dwman on :
RIC, I've not been around much. How is your wife doing?
Posted by joesturbo on :
quote:Originally posted by dwman:
quote:WALLCE, HUH??? RECOMMENDING PEOPLE GET CERTS FOR A SCAM??? MAKE UP YOUR MIND. WHY WOULD I NEED TO PROVE OWNERSHIP IN A WORTHLESS SCAM. SOUNDS LIKE THE ADVICE OF SOMEONE WHO HAS ALREADY PULLED CERTS. Hmmmmmmm. YOU BEEN PLAYING THIS THING BOTH WAYS????
LOL.... Score one for legal. Hi friends. [/QB]
aww come on DW - atleast give him 2 points!
Posted by dwman on :
quote:Originally posted by legaleagle: OHHHH.....WAIT A MINUTE.........THAT WAS SUPPOSED TO BE A PICTURE OF CLOUDS. OH NO, HOW DO I CHANGE IT TO CLOUDS.
WELL NEVER MIND, IF THE HORSE FITS, WEAR IT.
LOL score two for legal.
Faithful 2, bashers 0
Posted by Ric on :
Two weeks out of hospital, so knock on wood. She doing alright. Good enough to put me in my place anyway. Thanks for asking.
Posted by dwman on :
settle down guys. I haven't had a chance to have fun with you in a long time. I know your not bashers but just basher wannabes
Posted by dwman on :
Actually, I'm doing an experiment. I'm trying to predict what the response will be to my posts. I might as well try to predict that since I could never predict the weather. lol
Posted by dwman on :
quote:Originally posted by Ric: Two weeks out of hospital, so knock on wood. She doing alright. Good enough to put me in my place anyway. Thanks for asking.
Hey Ric, when they can put us in our place, they are doing great. Posted by Wallace#1 on :
Hey dwman, where have you been? Legal didn't score anything at all! He just proves my points every time he opens his mouth. LOL
By the way, legal keeps posting others' posts and names them all "super administrators". Sure sounds like that group is really top heavy....just like CMKX's management team of 1.
Posted by dwman on :
quote:Originally posted by dwman: settle down guys. I haven't had a chance to have fun with you in a long time. I know you're not bashers but just basher wannabes
Posted by Wallace#1 on :
dwman, is joeturdbowl (aka goferschit) part of any of your groups? Sure sounds like it!
Weird bunch of "groupies".
Posted by dwman on :
Ric, It has been so long since I have posted, I'm having all sorts of trouble. lol Tell her happy Mother's Day for me.
Wallace, crawl back in that outhouse and set some of those corn cobs on fire to keep warm. I hear it is still cold there. Hey friend I see you are getting a bit soft. I saw you taking up for legal. See, I knew it. You're and ole softy. lol
Posted by joesturbo on :
I do not have the trade figures from 1/20/05 to 2/7/05
Here is a massive little tidbit from Madi about shares traded.
Madi wrote: "I had a little time yesterday and I added the daily volume since March 2004 till the 19 of Jan 2005. Anyone care to quess on a figure?
Ok ok I'll tell you all before you brake your calculators. The total number of shares that has traded hands is approx 3.7 Trillion yes I said Trillion, that's less then a year!
Taking Madi’s 3.7 trillion, and the 160.7B we come up w/ a a total traded shares of 3.860 Trillion. Keep in mind that this is only since March 2004! and does not count a few days in late January and early Feb. of this year.
The vast majority of these were only buys! Based on this is it possible to have a 3T NSS? You bet!
super administrators aka - Top Hat
Posted by dwman on :
quote:Originally posted by Wallace#1: dwman, is joeturdbowl (aka goferschit) part of any of your groups? Sure sounds like it!
Weird bunch of "groupies".
Don't know joeturdbowl, wallace, but I like him already.
Posted by dwman on :
hey what ever happened to dusty?
Posted by dwman on :
Goodnight friends. I'll try to do better in the future. Say hi to will, bill, doc, and others for me.
Posted by joesturbo on :
But N0000000, they wouldn't naked short CMKX, would they?
Posted by Ric on :
Highway. CMKX went from march 2004 200 billion shares to March 2005 704 billion shares. You figure 250 business days in a year thats 2 billion shares a day on avg to the market. Even if you figure 1 billion to float and 1 billion to UC to maintain control which I am not sure he did but lets say so. Pink sheets double volume because they report the sell and buy thats 2 billion shares of the volume is from dilution a day.
THATS WERE ITS HARD TO BELIEVE NSS. Yes there can be some but with that massive of dilution that UC did its hard to believe this is no more then a scam. And since he refuses to file or give out any information then that only reinforces the opinion.
Posted by Dustoff101 on :
Doctoall...did ya'll see any of our diamonds in there.
Posted by joesturbo on :
Ric, the AS increase was done in Aug. of 04... Do you know that the OS was increased? It was only the AS - unless you know the OS was increased, what you said does not hold water...
If you were trying to get MM's to buy in on dilution wouldn't you do the same?
Posted by Ric on :
Yes because UC stated it in the March 2004 SEC reply. Were have you been. geez
March 2004 a/s went from 200 to 500 billion the Aug was from 500 to 800 billion and UC stated clearly that the o/s is 704 billion as of March 4, 2005. And since the a/s was 200 billion in march 2004 then the o/s couldn't be larger then that so he diluted at least 500 billion in one year. Basic math.
Posted by Dustoff101 on :
Dwman...I has done learnt americanizim speaking cents use all has bean gonst.......My dictinary has reelly toughts me a awfulleey lots...Me typeeing schulls is better twos.
Posted by joesturbo on :
Ric, whay you typed did not read as good as you think... So I took it another way... My bad on that one... here is per the filling March 4th.
stockholder list as of March 4, 2005 had 407,321,106,308 shares held in CEDE CO.
703,518,875,000 shares of common stock issued and outstanding to approximately 2,032 stockholders of record (excluding shares held in "street name").
So the question is, what does Urban and other insiders hold? Also I have a friend who checks weekly on bloomburgs back end system Level III with insider sales and trade info. There has been nothing going on since last June. If Urban was trying to get $ in his pockets he is failing. Sure he could write a check for anything he wants via the company but we still do not know anything as of today...
Either way it is a win or lose situation from here... Tuesday we should know all - or atleast enough to sell - lol
Posted by bill1352 on :
joesturbo the divys proved the o/s before cmkx announced it. it proved that in 3 days UC took 279 billion from the a/s & dumped it into the o/s. we also haven't heard much from roger glen since that time. now we cant say for sure because no s8's were ever filed but i'm betting roger got a large part of those shares. as for 3 trillion traded in 1 yr...get real. 250 trading days give or take a few time 3 billion traded a day equals 750 billion. your also not figureing in the cash mm's get for fake trades as reported by a cmkx pump site, something the SEC is moving to end (about 15 pages back on this thread is the link). you have to figure there were sells in there too. in the last 17 months the pps rose to .001 & held .0004 for 3 months. logic says a lot of sells went thru around that period. the reported average for the last 24 months is under 3 billion per day. but lets say 3 billion per day for 17 months or around 375 trading days it comes to 1.015 trillion. to reach 3 trillion in 17 months you would need a 9 billion a day average. thus again we prove the cult has serious trouble with first grade math. the repost 2 pages back claiming 3 trillion in the last yr needs to go back to school & learn addition & subtraction all over again
Posted by Wallace#1 on :
joeturdbowl (aka goferschit) wrote: "Either way it is a win or lose situation from here... Tuesday we should know all - or atleast enough to sell - lol" ****************************
"...we should know all - or at least enough to sell - lol" Where has this guy been all this time? Doesn't he know people have been trying to sell? Hell, they won't be able to give CMKX shares away!
Posted by Doctoall on :
quote:Originally posted by Dustoff101: Doctoall...did ya'll see any of our diamonds in there.
I think that you have been drilling in all the wrong places, you would have a better chance of finding diamonds if Legal were to get a proctologist to give Urban an exam Posted by bill1352 on :
if you look at when the a/s was raised & the amounts it was raised & figure in the reported daily average (less then 2.14 billion over the last 24 months), you end up just over 599 billion shares traded over the last 14 months. the a/s has been raised 600 billion in the last 14 months. any shares UC or insiders hold would not make the reported figures as they would not be sold to mm's first to then be bought on the open market. that leaves 200 billion shares of the a/s that were in the market before march 2004 & i'm betting UC didn't own the entire a/s in march 2004. in fact he owned 40 billion in july of 2004 & gave then up to nevada minerals. the numbers which are fact may add up to a naked short but it cant be that large. this link gives that last 24 months figures for proof. in fact it sort of backs up the idea of insiders & the company treasury holding 200 to maybe 250 billion. you do need to figure sells & fake trades in. it leaves a probable float between 550 billion & 600 billion.
I just saying why I feel this is a scam and little NSS if any. I used avg 2 billion but we all know that dumps happen and its not averaged out. BUt heres my reasons for scam of the century.
1) UC on Feb 15 2003 only had 8.4% of o/s yet voted 51% as a loop hole in Nevada law according to the lawyer who said he had a right to under whats called written consent of the shareholders to vote there shares without informing them. Now legal claims that he got more shares after that but in April 2003 he locked up 600 million shares and made it seem thats all he owned. 8.4% of o/s. POINT IS, DOES HE HAVE MORE THEN THE 600 MILLION NOW since he has the right to vote your 51% without your consent?
2) March 2004 to MArch 2005 a 500 billion o/s increase. WOW massive.
3) Refuses to give share structure.
4) Refuses to give financial information.
5) Refuses to file
6) claim not to know how to run a public company and voids in financials.
7) can't figure out the difference between 300 and 689 shareholder. Thats hard to believe its a mistake.
8) Did I mention 704 billion shares and refuses to file. And S-8's don't require you to certify shares count. Not that financial require you to claim more then you issued either. Digging deep and it won't work.
Did I miss anything????????
[ May 07, 2005, 23:46: Message edited by: Ric ]
Posted by Doctoall on :
quote:Originally posted by Doctoall:
quote:Originally posted by Dustoff101: Doctoall...did ya'll see any of our diamonds in there.
I think that you have been drilling in all the wrong places, you would have a better chance of finding diamonds if Legal were to get a proctologist to give Urban an exam
Hell knows you may even find another 703 billion shares of CMKX Posted by Ric on :
Thanks for the one star who ever you were. Geez can't take the truth.
Posted by Ktrain420 on :
gotta love when they rate ya chitty.......lol
Posted by glassman on :
quote:Originally posted by Ric: Thanks for the one star who ever you were. Geez can't take the truth.
don't feel bad Rick....
i've posted dozens of 100% gainers..... gtel? i posted under .07 in Dec, and people voted me 1's because the price dropped down from .36 LOL...
Posted by bill1352 on :
to Bob...if legel got booted for that pic yesterday i guess i'd agree but we need him in here to keep the cult represented. plus the 10th is only 2 days away & as many of us have had somewhat friendly battles with him for months now & our chance to be proven right is so close it would be a shame to not have the chance to get his reaction...lol. so if he understands that things of that sort are not allowed & i'm sure he does now, please allow him back. its either that or he did it on purpose because he knows the end is near & can't face the music.
Posted by Wallace#1 on :
Yeah, I want legal back too. He doesn't know what he's talking about but he does make a great whipping boy! LOL Really, he is an asset in some ways!! no/k
And, bring him back as noahltl so he's no longer taunted about that.
Posted by Highwaychild on :
Interesting Green Baron report...If you don't like him, or don't believe there's a naked short on CMKX, then don't read it!LOL
The two websites at the bottom is what I thought was so interesting.
----------------------------------------------------------------- CMKM Diamonds, Inc. (CMKX)
The showdown with the SEC occurs on Tuesday, May 10 in Los Angeles. In our last update, we stated that we would try to have at least one member attend the hearing. We will actually have two members from The Green Baron Report at the courthouse, but it may be difficult to physically be in the courtroom because of serious limitations to seating. We find this particular court room to be a very poor choice considering the massive outpouring of support and public interest on behalf of the shareholders of CMKX.
Mr. Bill Frizzell, attorney intervening on behalf of CMKX shareholders, intends to introduce evidence proving that CMKM Diamonds, Inc. stock has fallen victim to massive naked shorting. It seems obvious to us at The Green Baron Report that naked shorting or major stock manipulation has occurred in CMKX shares in part since CMKX has not maintained an up tick on the bid for more than a few minutes since August 2004 despite several positive press releases over that time.
The Green Baron Report would like interested members that want to learn more about the problems associated with naked short selling to read below. Mr. Hugo Cancio is attempting to bring the topic front and center through his documentary and related website blog at http://blogcounterfeitconspiracy.blogspot.com/. Hugo is also developing a documentary involving the life of CMKM Diamonds CEO Urban Casavant.
Fuego Entertainment Begins Filming of the “Counterfeit Conspiracy” Documentary to Reveal the Fictitious Creating and Selling of Shares in the US Markets
Fuego Entertainment proudly announces the beginning of filming the “Counterfeit Conspiracy” documentary to reveal the fictitious creating and selling of shares within the market. The producer of this informative documentary is Mr. Hugo Cancio. This will be an in depth documentary on counterfeiting stock shares through a myriad of key market authorities to victimize public shareholders.
This counterfeit creation of shares is usually done in the small cap market which is primarily your penny stocks. This counterfeiting of shares is known throughout to many as Naked Short Selling (NSS).
The Counterfeit Conspiracy documentary will be released within the next 60-90 days. Counterfeiting anything of monetary value in the United States is illegal. Yet shares of stocks involving hundreds or even thousands of companies are counterfeited on a daily basis without penalty. The documentary will be revealing for all to educate investors and key authorities to what have been going on for years.
Fuego Entertainment also announces the creation of the Counterfeit Conspiracy Blog
This blog for the “Counterfeit Conspiracy” is being put up to allow anyone and everyone the freedom to express their opinions about the crimes of manufacturing and selling of counterfeit shares, also known as naked short selling.
quote:Originally posted by bill1352: to Bob...if legel got booted for that pic yesterday i guess i'd agree but we need him in here to keep the cult represented. plus the 10th is only 2 days away & as many of us have had somewhat friendly battles with him for months now & our chance to be proven right is so close it would be a shame to not have the chance to get his reaction...lol. so if he understands that things of that sort are not allowed & i'm sure he does now, please allow him back. its either that or he did it on purpose because he knows the end is near & can't face the music.
Didn't know I had gone anywhere.
Posted by legaleagle on :
Bob took down the picture, but not the "criminal libel" post that led to it. Pretty funny how one sided it can be:
Doctoall Member
Member Rated: posted May 07, 2005 20:04 -------------------------------------------------------------------------------- I am not trying to intimidate you, just telling you the truth, angry shareholders will be looking for you. The crap you post is criminal.
What goes around comes around
Legal if you call what you do work, that is the worst crap I have ever heard
Keep pumping your SCAM SCAM SCAM CMKX
Legal and Urban, the shareholders will be looking for you sooner or later
-------------------- "If We Agree To Disagree, Then We Will Remain Friends"
Posted by legaleagle on :
JoesTurbo Diamond Finder
member is offline
Posts: 70 Two Way Street - the big picture « Thread started on: May 7th, 2005, 12:27pm »
-------------------------------------------------------------------------------- Many people are stating on the boards we hope the Stocklein group has evidence to win the case without the NSS issue. We will see but I think this is false...
I believe the reason why the NSS is part of the issue is because CMKM Diamonds knows their records (2003) state there are 300 shareholders, but the SEC tells them that there are 386 + or -. Urban knew that the stock was being manipulated back then, he had prior experiences with previous ventures and the NSS issues. I believe he and others started to create a plan to deal with this issue directly. Urban could not sign off on any statements he knows to be false. Hence the NSS issue is at the fore front, even though the SEC is saying this issues is dead. SOX or Sarbanes-Oxley, prevents him or any auditor of the company from signing off on incorrect or false statements…
Now IF the company has documentation to PROVE a NSS on the company in 03 (which I believe they do via old PR's from 03) then the SEC is in big trouble.
I think they are going to lay the hammer down on the un-suspecting SEC attorneys who think this is just another failing company with no future.
You MUST remember the mentality of the SEC and how they view what they call BS (NSS). They don't care about it and even the DTC believes even though illegal, it corrects the market. So that is why it will take what I believe Urban and Co. have done to straighten out the SEC and their ignorance. This is the same mentality that existed before the 29 crash which created the great depression.
Now, it may not be intentional but SOX is a two way street. The SEC may say "YOU MUST BE COMPLIANT", but at the same time CMKM has to sign off on only correct information via SOX, or you will go to the slammer. In this case, CMKM is using the laws somewhat against the SEC. They can't have it both ways, and they must acknowledge the laws that govern companies as well as the markets.
The SEC allowed the NSS to continue against the company, knowing that this practice is illegal. The only thing we could have ever done, is what is taking place today IMO.
Posted by legaleagle on :
"MOST READ" PR, OVER 5,000 HITS SINCE RELEASE THIS MORNING. BEING PICKED UP NOW BY OVER 300 NEWS SERVICES:
Press Release to all CMKM Diamonds Inc. (CMKX) Shareholders Download this press release as an Adobe PDF document.
This call is going to all shareholders including those that have sent in your shareholders agreement. We are now requesting verification in a form that will allow us to submit our proof in a legal proceeding.
(PRWEB) May 8, 2005 -- Many of you know our shareholders group has been tabulating information to fully document the existence of a naked short position in CMKX stock. We have assembled a mountain of evidence through various TA records, NOBO lists, OBO lists and from the database of our shareholders group. The records we can obtain before this hearing will be important to the proof of the stock manipulation that has occurred in this stock for many months. This is not a plea for assistance to any particular board or owners group, this is a request for information to ALL CMKX shareholders.
A Call To All: It does not matter whether you have 1 million shares or 1 billion shares, confirmation of your holdings is vital to the proof we are assembling. This call is going to all shareholders including those that have sent in your shareholders agreement. We are now requesting verification in a form that will allow us to submit our proof in a legal proceeding.
We Can Get Over The Wall: We are convinced that stock ownership is a highly regarded secret in the marketplace for many reasons. Unfortunately for the small investor, the secrecy surrounding such ownership allows mountains of common stock to be sold and it is nearly impossible to accurately determine the number of shares sold in any one particular issue. The DTCC and the SEC are the only organizations who have easy and complete access to these records. They repeatedly resist all efforts by companies to obtain records of their own stock positions. There is one thing that each of you shareholders have in your possession that will allow you and your company to prove naked short sales. That is a monthly summary of the shareholdings you receive from your broker. Imagine the concerns market makers, broker/dealers and any guilty parties might have if all shareholders combined their reports and the real sales of stock were proven. You have a right to know how! many actual shares are being held by other investors.
Preliminary Share Numbers: Our initial reports from our group indicate ownership of over 210 billion shares of company stock and we are working on reports from 4,000 shareholders. The OBO and NOBO lists received today from the Company prove that nearly 60,000 accounts/shareholders exist in this stock. We have evidence that this number is far short of the actual number of shareholders. We need your help to prove the shares that have been sold in your company stock.
Current Owners Group Members Must Also Assist Us: We recognize that many of you have sent your information in your signup agreement. Your file has been established in this office and your numbers have been tabulated in the group. The information we are requesting is similar but we need a copy of your end of March statement from your broker. Please follow the directions below.
The Method: What Information Is Requested? Please provide the following account information for each account you hold. We are seeking information contained in your brokerage statement for the month ending March 31, 2005:
This information is all contained in your statement. It could be as simple as pulling it up online and email it from the site. Or push print and take it to a fax machine.
1. Your full name 2. Your Broker’s name(s) 3. Number of shares held electronically in account(s) 4. The CUSIP number [the number CMKX stock is assigned 5. Type of account(s) shares in which shares are held: Margin, Cash or Retirement
Directions for Copying Account Information: There are three (3) ways you may provide information:
1. Copy information from your electronic statement and paste it into a word processing program or directly into an e-mail and e-mail it 2. Print out a copy of your electronic statement and fax it 3. Fax a copy of your paper monthly statement.
If it is possible to submit this information on a single page or two, it would be greatly appreciated!
Note: Feel free to black out any information that we do not require, such as other securities held, addresses, or any other information except what is requested.
*Directions for Transmitting Account Information*
If e-mailing, e-mail to e-mail protected from spam bots.
If faxing, fax to 903-595-4249. If the system if busy, please continue faxing until successful.
Time is of the essence; therefore, if you want to add your share count to the total, do not hesitate; fax or e-mail your account information today.
If you have questions, call me at 903-595-1921; my assistants or I will gladly answer any of your questions. Please be patient as we will be keeping long hours and fielding many calls.
In Conclusion The Administrative Hearing is next Tuesday. The presentation of a large share count may demonstrate, not only to Judge Murray and the SEC, but also to the media that short selling of this stock have occurred in amounts rarely seen in the market place.
I urge you to act now and decide to help by adding your share count to the total count by faxing or e-mailing your information and share count.
Note: Only send account information indicating the total shares held electronically in your broker account(s).
Your friend and fellow shareholder, John Martin
PS: I encourage everyone, who has not joined the CMKX Owners Group, to do so by going online at www.cmkxownersgroup.com. Please complete the CMKX Owners Group Agreement so we may open your file and continue to send our updates to you.
My previous e-mail and general press release to all shareholders regarding sending information to us with your account information, asked you to provided the CUSIP number of CMKX stock listed in your account(s).
Some Board Members have posted the correct CUSIP number for CMXK for all to just copy into the information to be sent to Mr. Frizzell rather than going into their own account(s) and copying ther CUSIP number from.
Please do not send us any other cusip number than the one listed in your account(s).
The reason for this is that not all CUSIP numbers are the same; any numbers differing from the official CUSIP number of 125809103 may be intentionally incorrect and may have been altered: such an incorrect number could lead to a broker or market maker messing with your stock; therefore, YOU MUST check your CUSIP number in your broker account to see if it differs from the above number. If it does, fax a note to Mr. Frizzell at nakedfax@cmkxownersgroup informing him of such. make sure you include your name, broker name, and date of your statement with the incorrect CUSIP number and a way to contact you.
Important #1: If you are having difficulty in locating your CUSIP number and cannot locate it, this is okay: DO NOT LET THE LACK OF Finding your own CUSIP number stop you from sending in all your other information.
If you do eventually locate your CUSIP number and it differs from this one 125809103, then let Mr. Frizzell know by fax as stated above.
Important #2: If you have already sent in your account information to Mr. Frizzell, and you discover the CUSIP number differs from the one above, please fax Mr. Frizzell at e-mail protected from spam bots and provide the information as listed above.
Important #3: If you cannot locate a CUSIP number on your statement or online account, call your broker and ask what your CUSIP number is; if he will not give you one, insist they put that they will not give you one in writing and send it to you; then send Mr. Frizzell with your name, your brokers name and phone number; fax this to Mr. Frizzell at e-mail protected from spam bots.
Frizzell Law Firm 305 S. Broadway, Suite 302 Tyler, Texas 75702 (903)595-1921 Fax (903)595-4383 Website: http://www.frizzelllawfirm.com/ E-Mail: e-mail protected from spam bots
Posted by bill1352 on :
well all i see there is doc telling you how he feels... he thinks all you do is pump a scam. maybe he is someone that bought after reading your posts & since there was no company supplied info on share structure or even o/s until a month ago i'm sure there are a few thousand or so that bought on the same type of pumping posts as you have put in here for months. i did when i bought cmkx. the idea a company would dump 100's of billions of shares on the market didn't seem real. i couldn't see that ever happening. i figured it was extremely hi but in my mind that meant 20 billion or so. a 703 billion o/s is mind boggling. remember joel, big cmkx fan till he found out the o/s was 400 billion. he was on the differant radio shows pumping cmkx. i'm sure most cmkx buyers could never imagine any cmpany dumping that many shares into the market & right now the proof it happened is coming out thus the anger. maybe not so mucn at 1 person but the cult & company as a whole.
Posted by bill1352 on :
legel, have you ever clicked on the link i've provided showing cmkx charts for the past 2 yrs?
there is another sites charts. we do know that there were a great number of days over 2.5 billion shares traded but as most counting systems stop at 2.14 billion it would explain the differance. this chart also shows a great number of days under it also. so using even the charts top guide of 2.5 billion per day average is reasonable. in the 14 months since the a/s went to 500 & then 800 billion there were about 275 trading days. in that time about 670 billion shares were traded. thats total. it includes buys, sells & the fake trades mm's get a commision for to running data thru. take 30% for sells & fake trades & say 70% buys that gives you 440 billion in buys in the last 14 months. a period when 600 billion were added to the a/s & 503 billion to the o/s. even if these numbers are off 20% it doesnt come out to a great n/s. why do you think they are still begging for proof?. if UC bought most the o/s back as you have said many, many times don't you think 300 billion would be enough proof?
Posted by Highwaychild on :
Yeah Bill, but you go to Stockwatch .com and there's those 13,427,944,435 volume days, with 2515 trades like on March 22nd.And 10,601,524,947 vol., with 2326 trades on 2005-03-21.What Stockwatch has far exceeds the 2.5 billion per day average you stated.
And that was nothing compared to all the volume in the days around when the divvys were passed out to the shareholders.
Posted by legaleagle on :
OF COURSE IT TAKES A LOT OF DAILY VOLUME TO ACHIEVE 3-6 TRILLION COUNTERFEIT SHARES. LET ME TELL YOU WHAT FRIZZELL HAS UNCOVERED AND THEN YOU CAN MAKE UP YOUR OWN MIND.
IF YOU NOTICE FRIZZELLS STATEMENTS HAVE BEEN EARNESTLY SEEKING THE CUSIP NUMBER. I DIDN'T UNDERSTAND WHY THAT WAS SO IMPORTANT. LAST NITE I FOUND OUT WHY.
ACCORDING TO MY SOURCE,THE BROKERAGES HAVE BEEN ASSIGNING FICTITIOUS CUSIP NUMBERS TO CMKX IN ORDER TO SKEW THE NUMBERS, AND AVOID EXPOSURE OF THE NAKED SHORT ON OBO/NOBO LISTS. JUST A RUMOR, BUT TAKE IT FOR WHAT IT'S WORTH. WHY WOULD THE CUSIP BE SO IMPORTANT TO FRIZZELL IF THEY WERE ALL THE SAME?
THE GAME IS UP,IMO.
Posted by legaleagle on :
CDLIC Global Moderator
member is online
"All That Sparkles Is Not Only Gold!"
Gender: Posts: 3460 CRITICAL ALERT FROM J. MARTIN RE. CUSIP # « Thread started on: Today at 12:43pm »
-------------------------------------------------------------------------------- Hi All,
John Martin asked me to post the following for him:
My previous e-mail and general press release to all shareholders regarding sending information to us with your account information, asked you to provided the CUSIP number of CMKX stock listed in your account(s).
Some Board Members have posted the correct CUSIP number for CMXK for all to just copy into the information to be sent to Mr. Frizzell rather than going into their own account(s) and copying ther CUSIP number from.
PLEASE DO NOT SEND US ANY OTHER CUSIP NUMBER THAN THE ONE LISTED IN YOUR ACCOUNT(S).
The reason for this is that not all CUSIP numbers are the same; any numbers differing from the official CUSIP number of 125809103 may be intentionally incorrect and may have been altered: such an incorrect number could lead to a broker or market maker messing with your stock; therefore, YOU MUST check your CUSIP number in your broker account to see if it differs from the above number. If it does, fax a note to Mr. Frizzell at nakedfax@cmkxownersgroup informing him of such. make sure you include your name, broker name, and date of your statement with the incorrect CUSIP number and a way to contact you.
IMPORTANT: If you are having difficulty in locating your CUSIP number and cannot locate it, this is okay: DO NOT LET THE LACK OF FINDING YOUR OWN CUSIP NUMBER STOP YOU FROM SENDING IN ALL YOUR OTHER INFORMATION.
If you do eventually locate your CUSIP number and it differs from this one 125809103, then let Mr. Frizzell know by fax as stated above.
IMPORTANT # 2: If you have already sent in your account information to Mr. Frizzell, and you discover the CUSIP number differs from the one above, please fax Mr. Frizzell at nakedfax@cmkxownersgroup.com and provide the information as listed above.
I guess you will get to sue someone after this is revoked then. Because no ,matter how much you cry about this and claim they couldn't file. Thta wasn't the reason UC gave for not filing and it still doesn't change the fact that he could have filed the S-8's so people could have had a honest knowledge of the sharestructure. But nooooooooo, UC still doesn't want to tell us the truth about that.
Posted by Ric on :
UC refuses to tell any stockholder anything about the company or the share structure. But these pumpers wnat us to believe that UC didn't cause any problems, its all NSS and UC only wanted to make us rich. WITH WHAT, mineral rights and a broken drill. I think I need to get some mineral rights and sell shares. Looks like a great business.
Posted by Dustoff101 on :
I got some worthless land at the end of a small airport flyway....Maybe I should use a hand drill and start drilling for diamonds...I could call the company CMKX 2.
Posted by bill1352 on :
i do agree highway, there have been days that are outragous in volume. but mm's get paid to run fake trades thru. there are sells that go thru & when it ran there were a great deal of sells going thru. since mm's make money on the differance between ask & bid what better stock to run fake trades on? not much profit between ask & bid even with stupid volume size. where better to run fake trades then a seriously hi volume stock? mm's know what is said on these boards, they know a n/s is a big deal on cmkx & they aren't nice folks so why not mess with everyone by running a huge number of fake trades on cmkx. am i guessing? of course but there are charts that in some ways back me up. add to that the idea of 3 trillion or 10 billion shares bought every trading day for 1.5 yrs. no sells, no fake trades & the fact that charts even tho they dont show over 2.14 billion show a large number of days under it prove that never happened. if you add 20% to my numbers you still get a small n/s, even 30% doesn't change it much. cmkx may & probably does have a n/s but its not so great as to effect the pps any.
Posted by bill1352 on :
hey dusty, oregon has diamond mines too i think. maybe you should contact UC. i think he will be job hunting very soon...lol. well its sunny, golf courses should be somewhat lite on volume being mothers day I'm outta here..lol. time for the first round of the yr.
Posted by Ric on :
I have 22 acres and there are coal mines nearby. I can show coal mine claims all around me on a map and claim to have a machine that can compress a lump a coal into a diamond in less then a year. Showing the map that there are coal mine around my property, It will be easy to sell the fact I have coal. So my machine must work because I have a claim. Call it RMKX diamonds of the future.
No less silly then some of the theories that I have seen passed off on this board. Wonder how much it cost to hire SillyWilly and Greenbaron. Just shares I know but wonder how many they need to pour the koolaid.
Posted by Highwaychild on :
Legal a person cannnot be held for "criminal libel" when they are telling the truth. But a person who misleads people into buying a scam stock can be held libel.
At this point the onus of proof is on CMKX to prove that they are not a scam. That they did not lie, that they did not intentionally flood the market with 703 Billion shares. That there is a NSS, that they do in fact have diamond resources.
So you keep believing what you want, and I will continue to believe what I see as a scam, until I am proven wrong Posted by Doctoall on :
Legal, it is interesting that I have such an effect on you that it leads you to post pictures in response to my postings Posted by glassman on :
quote:Originally posted by glassman:
quote:Originally posted by Ric: Thanks for the one star who ever you were. Geez can't take the truth.
don't feel bad Rick....
i've posted dozens of 100% gainers..... gtel? i posted under .07 in Dec, and people voted me 1's because the price dropped down from .36 LOL...
i see some more losers voted me 1star today....
LOL, i bet they don't ignore my pick tho...
what a sad world we live in...
UC the hero of the "common" man...
freaks is more like it
Posted by Doctoall on :
Glass I just gave you 5 Posted by TruthTeller on :
CMKX is still hot
(at least in Allstocks micropenny threads)
Posted by legaleagle on :
quote:Originally posted by Doctoall: Legal, it is interesting that I have such an effect on you that it leads you to post pictures in response to my postings
A picture is worth a thousand words.
Posted by Doctoall on :
quote:Originally posted by legaleagle:
quote:Originally posted by Doctoall: Legal, it is interesting that I have such an effect on you that it leads you to post pictures in response to my postings
A picture is worth a thousand words.
Yep and I see that Bob did not agree Posted by Doctoall on :
Legal: only one thing is for sure, come this Tuesday May 10th 2005, one of us is going to be wrong about CMKX.
I know that "if" I am wrong I will be man enough to admit it without trying to rationalize my position. Will you ??? Posted by glassman on :
thanks doc, i have so many votes that a few either way doesn't show on the stars....
it's not that big of a deal to me how many stars i have as how many votes i get.....
i KNOW i'm a trouble maker ,
and i make bad picks sometimes too...heck, the only people that are always righ? either cheat, or they sold their soul...LOL
Posted by glassman on :
quote:Originally posted by Doctoall:
quote:Originally posted by legaleagle:
quote:Originally posted by Doctoall: Legal, it is interesting that I have such an effect on you that it leads you to post pictures in response to my postings
A picture is worth a thousand words.
Yep and I see that Bob did not agree
don't be so sure legal, looks like they deleted your post to me....
Posted by legaleagle on :
Beauty is in the eye of the beholder. Bob has his own artistic bent.
Posted by Doctoall on :
quote:Originally posted by Doctoall: Legal: only one thing is for sure, come this Tuesday May 10th 2005, one of us is going to be wrong about CMKX.
I know that "if" I am wrong I will be man enough to admit it without trying to rationalize my position. Will you ???
Legal do I get a reply???
Posted by glassman on :
i have to say i admire your stubbornness legal, what is it they say? it takes one to know one? i come from along line of muleheaded folks myself Posted by finky on :
heres a little DD I did over the weekend to lighten the mood a little. I guess the only thing now is to see which side will be serving them up. enjoy.--------------------------------------------------------------------------------
Below are some recipes that have been donated by fellow members. Feel free to try these or to experiment with your own creation. There is no reason why any recipe for dove, quail or grouse to be found in a wild game cookbook would not work just as well. Then you can decide whether to tell your guests what went into the recipe before or after they have finished. Bon Appetite!!
Summer Crow Kabobs
Ingredients 16 pieces of crow breast meat (no bones) (8 crows) 16 pieces of green pepper 16 cherry tomatoes 8 button mushrooms 8 ears of sweet corn 1 1/2 cups of Teriyaki sauce 1/2 cup melted butter 8 kabob skewers Preparation Cut each piece of crow in half and place in a covered bowl with the Teriyaki sauce over night. Clean and cut each ear of corn into 3 pieces. Cook in boiling salt water for 10 minutes. Alternately put corn (3 pieces), green peppers (3 pieces) and cherry tomatoes (3) along with 4 pieces of crow meat on each skewer. Use 1 mushroom to top each skewer. Brush with melted butter and place on preheated grill for about 4 minutes. Flip, butter again and place back on grill for another 4 minutes. Repeat one last time for a total of 12 minutes or until they appear done. Serves four adults.
Country "C" Medallions
Ingredients 24 pieces of crow breast meat (no bones) (12 crows) 2 medium onions (chopped) 6 tblsp of oil 5 slices of bacon (chopped) 1 big or 2 small turnips (peeled & chopped) 1/3 of celery root (peeled & chopped) - note: substitute with celery 3 tblsp wet mustard 1 tblsp lemon juice salt, pepper to taste dash of paprika 2 bay leaves 2 juniper berries - note: substitute with allspice 1 tblsp Majorjam (crushed) 1 heaping tblsp of mayonnaise water Preparation Sauté onions and bacon in oil until golden. Add meat, spices and sauté some more. Add vegetables and the rest of the ingredients except mayonnaise. Add enough water to keep the meat almost covered. Simmer slowly, adding water as it evaporates. In about 3 hours you will see that the meat is soft enough to cut with a fork. Take the meat out and place on heated platter or dish to keep warm. Remove the bay leaf and put all the gravy (about 2 cups) in a blender and blend. When thoroughly blended, add mayonnaise and blend shortly. Add gravy to meat and serve over rice with a winter salad. Serves four adults.
Pan Fried Crow
Ingredients 2 eggs seasoned bread crumbs or flour oil or bacon grease Preparation Remove breast meat from as many crows as desired. Beat with meat mallet (for tenderizing). Dip pieces in beaten egg and then in bread crumbs or flour. Fry in oil in hot skillet. Bacon grease can be substituted by can smoke. Leave inside a tad pink.
Crow Creole
Ingredients 2 medium onions 2 fresh chilies chopped 2 ribs celery 3 cloves garlic minced ¼ pound butter 16oz. chicken broth 1 can whole tomatoes 1 small can tomato paste 8oz. ketchup 1/8 teaspoon white pepper 1/2 tablespoon Cajun seasoning 1 tablespoons hot pepper sauce 1/2 tablespoons garlic sauce 1/4 tablespoon sugar 1/2 teaspoon Tabasco sauce 1/2 tablespoons Worcestershire sauce 1/4 teaspoon salt 1/8 teaspoon freshly ground black pepper 1 teaspoon chopped fresh thyme 1 tablespoon fresh squeezed lemon juice 1 pound (12 pieces, or so) crow breast chopped into bite-sized pieces Preparation Brown the crow breasts in a skillet with butter or oil. When browned, place them in a Sauté onion, celery, chilies and garlic in butter until tender. Add the above ingredients and all of the remaining ingredients to a crock pot and cook on low for 6-7 hours.
To serve, heap about 1 cup of rice in the center of the plate, and ladle a generous amount of the sauce around it. Garnish with fresh chopped parsley.
Crow Casserole
Ingredients 12 pieces of crow breast meat (no bones) (6 crows) 2 quart sauerkraut 6 slices of bacon 1/3 cup of chopped onions Preparation Brown the crow breasts in a skillet with butter or oil. When browned, place them in a casserole dish on 1/2 inch layer of sauerkraut. Lay a 1/2 strip of bacon on each 1/2 breast and sprinkle the onion on them. Next, add another layer of sauerkraut and some of the juice. Bake at 350 degrees for 2 hours. Makes 2 servings.
Crock Pot Crow
Ingredients 12 - 16 pieces of crow breast meat (no bones) (6 - 8 crows) 2 cups barbecue sauce 1 cup water 1/3 cup of brown sugar 1/3 cup of chopped onions 1/3 cup of chopped green peppers salt and black pepper to taste Preparation Shred crow breasts into as small pieces as possible. Add to crock pot with all other ingredients. Cook in crock pot for 6 hours on low. Serve over rolls or bread. Makes 4 servings.
Crow In A Blanket
Ingredients 4 pieces of crow breast meat (no bones) per person wild rice bacon strips butter salt and black pepper Preparation Rub each crow breast piece with salt and pepper. Wrap each piece with a strip of bacon and place 2 wrapped pieces in aluminum foil. Cook at 300 degrees for 2 hours. Serve hot with steamed wild rice, generously buttered.
BBQ Crow
Ingredients 10 crow breasts BBQ sauce 2 onions Tabasco sauce Preparation Place crow meat in a deep pan. Pour as much BBQ and Tabasco sauce as desired over the crow meat. Let marinate for at least 2 hours. Slice onions into thin slices and push out the centers to make rings. Place onions in skillet and place crow breasts over onions. The two flavors will combine while cooking. Put skillet on stove and cook until onions are brown and meat is tender. Serve crow over the onions.
Matthews Magic Stew
Ingredients 20-24 crow breast pieces (10-12 crows) 1 bag of celery 2 onions 2 pounds of baby carrots 2 cans of beef consume 1 cup flour Preparation Chop up celery and onions. In a crock pot, place two alternating layers of meat -onions -celery -and carrots. Pour both cans of consume into pot. Let cook for 6-10 hours. A half hour before you are ready to serve, remove about 5-6 cups of liquid and mix with 1 cup of flour for a thickener. Mix all contents (stew & thickener) well. Let stand for half an hour, season with salt & pepper to taste, and enjoy. This recipe works well with almost all game (and non-game) animals. Some that I have tried are Deer, Squirrel, Rabbit, Pigeon, Duck, Goose, Bear, and Beaver.
The "So good you'll want to slap your mother-in-law" Recipe
Ingredients 16 pieces of crow breast meat (no bones) (8 crows) 16 pieces of jalapeno peppers (or banana peppers) 16 strips of bacon 1 1/2 cups of Teriyaki sauce Preparation Place breast meat in a covered bowl with the Teriyaki sauce over night. Cook the breasts in boiling water for about five minutes. Cut up fresh jalapeno peppers into circles (or use the store bought kind that come in jars). Place one jalapeno pepper in the center of each breast and wrap with bacon. Secure the bacon with a round toothpick. Cook on the grill until bacon is crisp (not burned). Flip the breasts constantly to avoid the fat catching on fire. Use banana peppers for people that don't like their food quite so hot. Serves four adults
Crow Bean Roast
Ingredients 6-8 Fresh Crow Breasts 1 - 2lb. Package of Red Beans (that's pinto beans for you northerners) Cooking oil or Bacon grease Baking soda Chopped Onions Chopped Bell Peppers Garlic powder or garlic salt Salt Pepper Preparation Place a tablespoon of Cooking Oil or Bacon Grease in a crock pot, add a tablespoon of Baking Soda, pour the beans in and fill the crock pot 1/2 - 3/4 full of water and stir to mix the baking soda and oil. Add the Crow Breasts and add the other ingredients (amounts determined by taste preference). Finish filling with water, turn crock pot to high setting and allow to cook for a minimum of 6 hours, adding water as needed. Serve hot, but be careful, this one will make ya wanna slap yo momma!!!
Posted by legaleagle on :
Doc there are multiple possibilities for the outcome on Tuesday.
1) CMKX denied entry of NS for their defense. Revoked. Case appealed. CMKX rolls assets and legitimate shares into one of their many companies or a new one and goes on about the mining business pending appeal.
2) At the start of hearing, CMKX OG presents solid evidence of massive naked shorting of CMKX. Evidence is sent to the Justice Department for futher action. CMKX is rapped on the knuckles for delays and promises to have filing within 30 days. FED CALL on brokerages launches greatest short squeeze in history.
3) At the start of the hearing both attornies approach the bench and state that an agreement has been reached. Charges will be dropped. Insurance companies begin paying settlement on 3-6 trillion naked shorted shares due to massive fraud on the part of brokerages who fraudulently issued the shares and altered the cusip numbers to avoid detection (but never admitting to it in order to save the market).
So in which of these scenarios do I lose?
Posted by Ric on :
I really think UC could admit that this was a scam and he stole millions off investors Tuesday and the cult would scream the SEC made him do it to cover the NSS. This will never end. Doesn't seem rational thought is part of there thinking when it comes to cmkx. I invested thousands of dollars so it can't be a scam.
Posted by Ric on :
Of course PCBN ex shareholders are still posting that they will appeal and trade again too. But guess what 10 months later and they are still revoked. And I love how these people think UC can roll shares over or reverse merger or something to that effect. Once revoked they are revoked. If you try to change then thats a revoked stock now. You can't side step the law in this. You say NSS illegally sold shares, the SEC says UC sold illegally issued shares but in the end neither will matter. Revoked
Posted by Ric on :
The real bad thing is I had a revoke stock from the bubble bust in my account. It took 2 years before they finally removed the symbol and the number of shares still haunt me in my account 4 years later. BUt I at least knew it was dead and wasn't really there. Broker just lazy. Since they will see the symbol they will still think that they will come back. So I see 2 years or more from these koolaid drinkers. This stuff is strong and takes a while to wear off.
Posted by glassman on :
let's not forget how dey was giving away shares to people like sterilising...
he admitted that he was given them, and i don't care how "generous" it were(giving them for supposed charities)...they were behaving as if the prinitng presses would never run out of ink and paper....
Posted by jason10 on :
A fanatic is one who can't change his mind and won't change the subject.-Sir Winston Churchill
Posted by JohnnyRotten on :
I have a theory based upon the form 15 filed.
We believed there were under 300 customers. It turned out there were many more. It could be they used a different list than originally used to prove it. Say they initially used OBO/NOBO lists of certificate holders, but the TA had issued twice that number. How could that be possible? It is the same as the 5/8 PR. When CMKX turned in the form 15 it was based on the NSS certificate holders also.
quote: Preliminary Share Numbers: Our initial reports from our group indicate ownership of over 210 billion shares of company stock and we are working on reports from 4,000 shareholders. The OBO and NOBO lists received today from the Company prove that nearly 60,000 accounts/shareholders exist in this stock. We have evidence that this number is far short of the actual number of shareholders. We need your help to prove the shares that have been sold in your company stock.
The OBO/NOBO lists must not contain the actual number. There may be people requesting certs who are not on that list. There could be 100K shareholders they have identified.
They are looking for people not contained in the list. IMO
Posted by Ric on :
Johnny please buy more shares
Posted by LEO on :
quote:Originally posted by jason10: A fanatic is one who can't change his mind and won't change the subject.-Sir Winston Churchill
I hadn't heard that one. Great quote.
Posted by WWJD-thru-me on :
I stopped by tonight to see who was posting and what. I only read the last two pages. Is the CMKX bash pretty much all that goes on this board.
I did like the recipes for crow. I don't expect to need them. I think CMKX will do well in court and the shareholders will be well rewarded for their patience.
IMO-Debi
Posted by JohnnyRotten on :
good to see you back Debbie. Hope all goes well.
Posted by Ric on :
Heres why its going to be revoked.
1) UC on Feb 15 2003 only had 8.3% of o/s yet voted 51% as a loop hole in Nevada law according to the lawyer who said he had a right to under whats called written consent of the shareholders to vote there shares without informing them. Now legal claims that he got more shares after that but in April 2003 he locked up 600 million shares and made it seem thats all he owned. 8.3% of o/s. POINT IS, DOES HE HAVE MORE THEN THE 600 MILLION NOW since he has the right to vote your 51% without your consent?
2) March 2004 to MArch 2005 a 500 billion o/s increase. WOW massive. That avg. 2 billion shares a day over the year period. Even if half to float pinksheets double volume because of buy/sell both are posted.
3) Refuses to give share structure.
4) Refuses to give financial information.
5) Refuses to file
6) claim not to know how to run a public company and voids in financials.
7) can't figure out the difference between 300 and 689 shareholder. Thats hard to believe its a mistake.
8) Did I mention 704 billion shares and refuses to file. And S-8's don't require you to certify shares count. Not that financial require you to claim more then you issued either. Digging deep and it won't work.
9) They stole your voting rights in the Special Meeting. UC didn't own majority from the start.
10) They lied on form 15 shortly afterwards so no one could tell what they where doing.
11) They gagged the TA
12) Rosey Pr's with no supporting evidence but were carefully written so the long could come to there on conclusions which were fairytells.
Posted by tarq3 on :
Posted by: zeninvestor32 In reply to: None Date:5/6/2005 10:02:57 PM Post #of 40959
VERY IMPORTANT
IF we have the evidence to back a NSS and IF the judge proves objective in hearing our offer of proof on the NSS and IF she deems it relevant and IF all this comes out in a public hearing, we will indeed be writing history. IMO never has a pink sheet made it this far in possibly exposing the NSS issue for all to see. The bottom line imo is that this "game" that has been rigged for so long to rob from the individual will eventually reach the tipping point.
I, for one, am proud to be a part of this movement. We, the small people, have a legitimate chance imo to expose the greatest financial scandal in the history of the markets. This could never happened prior to the internet. This could never have happened if many small companies before hadn't fallen prey imo to the NSS and at least shined a light on the issue for all to follow. I do not know if we will win. Certainly the odds are still heavily stacked against us given the long history of failure against these enemies and the secretive, protective veil that the sec, dtc and market systems seem to so effectively perpetuate.
And yet here we are. In a public forum. With evidence that we know exists ... and much evidence that we have no idea about. What will our auditor say? What will Maheu say? What are Urban's holdings? As much as the naysayers like to beat everyone up about what a scam this is, there is MUCH information that they do NOT have. Here is just one statement that they can NOT disprove as of yet and COULD be made at the hearing:
Neil Levine: Your Honor, as cmkx's auditor, I cannot sign off on their financials when proof has been presented to me that more shares are being held than exist. It would not only violate Sarbanes Oxley, but the fundamental basics of accounting for me to knowingly approve of a false figure when share are being held by shareholders that have never been accounted for. In fact no honest or reasonable CPA could sign off on such financials without risking criminal liability. Perhaps the SEC can recommend a CPA to cmkx that is willing to risk such criminal sanctions but my ethical obligations and in fact, the law, forbid me to do so.
This is just one entrypoint. But there may be many others. We just don't know. What I DO feel I know though is that this is an awful lot of money being spent to defend the company when, if it was all just a scam, Urban had a lot less costly (and in fact far more effective) ways to close this saga out. I also have to ask why the sec has taken 11 months on this, halted us, investigated us, moved for a proceeding and it's all only over a filing that we did that was voluntary? Where's the proof that Urban has dumped hundreds of billions of shares? Seems pretty basic to me. If the SEC had proof of that, wouldn't cmkx have been shut down a lot longer than this and likely to have never reopened? Was that really all the SEC had?
Anyway, I believe this is history in the making. Factors that no hedge fund could EVER have anticipated have arisen to create the perfect storm imo. Most junior mining companies are complete BS. Most never develop a strong or coordinated shareholder base. Most never have any actual REAL assets. Most never get legitimate legal counsel. Most management will eventually just give up and move on to new companies. Most shareholders eventually give up.
But IF in fact Urban didn't truly screw the pooch with complete and utter financial recklessness. And IF in fact a NSS can comfortably be established. And IF in fact Judge Murray is open-minded enough to hear the evidence and objective enough to be shocked by it. Well then, we will carve out a new order in the markets.
For years, Big Tobacco ruled the courts and hundreds of lawsuits, one after another, were soundly defeated despite the knowing, intentional death spread and covered up by the tobacco executives. (remember The Insider?) But plaintiffs attorneys learned. And persevered. And eventually a ##### in the armor materialized. And suddenly, like a house of cards, one case after another was settled by Big Tobacco resulting in amounts numbering in the hundreds of billions of dollars. (oh yeah, by the way O'Quinn was one of the lead attorneys that broke the back of Big Tobacco - O'Quinn of the same O'Quinn pursuing the hedge funds, dtc and market makers for the NSS scandal).
We are on the edge imo of a new order in the markets if we can truly snap this Chief Judge out of the trance that the SEC and DTC have so conveniently put the markets under regarding delivery failure. A public forum. A massive, coordinated effort. And hopefully, with a little luck, a lot of facts that nobody knows about except cmkx that will bolster our case beyond contention.
To all the "foot soldiers" that have put this plan into action, I am left speechless. Even if we don't win, I am overwhelmed at the passion that people have approached this. It took a Rosa Parks to make a bold statement years ago. It is not without CRISIS that there is ever RESOLUTION. We have all put our hard earned money at risk and by NOT SELLING OUT have taken a stand to achieve not just personal freedom but a much greater liberation. I truly could NEVER have imagined this is where everything would lead just 11 months ago. And yet here we are. Win or lose, this truly is a MOVEMENT. And it will NOT end here no matter WHAT the resolution. But in all honesty, I believe it WILL be exposed here. And if so, this (relatively speaking) small group of shareholders will have achieved one of the most fascinating victories in the history of the financial markets imo. I know I've been all over the map with my opinions and thoughts but I've only spoken from my heart and given my truthful opinion. But no matter where my thoughts may HAVE been, today they are humbled. Humbled by a group of dedicated, passionate people that have stepped forward in their beliefs with astounding steadfast resolution. I bow to every one of you still holding your shares. And I pray that all this courage is rewarded a thousandfold.
Your fellow cmkx shareholder for life, zeninvestor32
Posted by bill1352 on :
the idea the t/a issued shares without the company knowing it is just about as stupid as a 703 billion o/s. the company issues the shares not the t/a thus it isnt the t/a's fault they used the wrong numbers 2 yrs ago. if your a/s is 200 billion & you increase it to 500 billion because you are out of shares to issue into the market ya think maybe a light would come on that says i might be over 300 shareholders??? ya think maybe the judge will have that idea cross her mind?. if you have 7.5 billion shares issued into the market & only 10% are insider held & you need to issue more because cash flow dryed up ya think the idea of having over 300 shareholders might cross your mind? to all of a sudden 2 yrs later say opps we had almost 700 not 300 shareholders & since we want to be honest with everyone we are telling you doesn't fly. no judge will pat you on the back for being honest. they tell everyone the number of shares in the o/s, how many certs & how many in street but UC says we have no records of where the cash went, we keep imperfect records. it wont be revoked tomorrow, UC's lawyers get paid by the hr so it will drag on for a few weeks & any real info will be witheld till the last possible moment but in the end the judge will say there is nothing honest about this company & end it. hopefully barring UC from ever being involved with another public company for life.
Posted by legaleagle on :
AP Reports: E-Trade Makes Ameritrade Offer Monday May 9, 9:20 am ET E-Trade Makes Offer for Rival AmeriTrade, Which Is Considering Deal for TD Waterhouse, Reports Say
NEW YORK (AP) -- In a possible consolidation of the online discount brokerage business, E-Trade Financial Corp. has made an offer for AmeriTrade Holding Corp., according to published reports Monday. The New York Times and The Wall Street Journal, both citing unnamed people familiar with the talks, also said AmeriTrade was already in talks about a deal with a third brokerage, TD Waterhouse Group Inc.
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E-Trade made an unsolicited bid to buy Ameritrade on Friday for more than $5.5 billion in a letter to its board, according to executives who spoke to the Times.
Representatives for New York-based E-Trade and Omaha-based Ameritrade, declined to comment to The Times, and The Journal said Ameritrade founder Joe Ricketts could not be reached for comment. The Times said a spokesman for TD Waterhouse, which is based in New York, could not be reached for comment. TD Waterhouse is owned by Toronto-Dominion Bank.
Online brokerage firms face pressure as the stock market and trading volumes continue to be weak, never returning to the heights of day trading in the late 1990s.
In a recent research report, Michael Hecht, an analyst at Banc of America Securities, said the management of E-Trade "believes that the discount brokerage industry is ripe for consolidation and hopes to participate."
"To the extent weak equity markets put pressure on the group's economics, consolidation becomes more likely," Hecht added.
Amid fierce competition over the last several years, the commission fees that investors pay have fallen sharply, both online and off. Online brokerage firms now offer trades for as little as $8.95, and some offer 20 or more commission-free trades as an incentive to sign up with the services.
Posted by legaleagle on :
Street Shares: 287,752,937,029 Cert Shares: 45,295,352,590 Total Shares: 333,048,289,619 Signed Agreements: 4895
Posted by bill1352 on :
quick question legel...do they have the owners names listed on that site? as in legeleagle own 10 million, wwjd owns 100 million & so forth?
Posted by legaleagle on :
Nope, the association knows, but not at the site.
Posted by legaleagle on :
AP Reports: E-Trade Makes Ameritrade Offer Monday May 9, 9:20 am ET E-Trade Makes Offer for Rival AmeriTrade, Which Is Considering Deal for TD Waterhouse, Reports Say
NEW YORK (AP) -- In a possible consolidation of the online discount brokerage business, E-Trade Financial Corp. has made an offer for AmeriTrade Holding Corp., according to published reports Monday. The New York Times and The Wall Street Journal, both citing unnamed people familiar with the talks, also said AmeriTrade was already in talks about a deal with a third brokerage, TD Waterhouse Group Inc.
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E-Trade made an unsolicited bid to buy Ameritrade on Friday for more than $5.5 billion in a letter to its board, according to executives who spoke to the Times.
Representatives for New York-based E-Trade and Omaha-based Ameritrade, declined to comment to The Times, and The Journal said Ameritrade founder Joe Ricketts could not be reached for comment. The Times said a spokesman for TD Waterhouse, which is based in New York, could not be reached for comment. TD Waterhouse is owned by Toronto-Dominion Bank.
Online brokerage firms face pressure as the stock market and trading volumes continue to be weak, never returning to the heights of day trading in the late 1990s.
In a recent research report, Michael Hecht, an analyst at Banc of America Securities, said the management of E-Trade "believes that the discount brokerage industry is ripe for consolidation and hopes to participate."
"To the extent weak equity markets put pressure on the group's economics, consolidation becomes more likely," Hecht added.
Amid fierce competition over the last several years, the commission fees that investors pay have fallen sharply, both online and off. Online brokerage firms now offer trades for as little as $8.95, and some offer 20 or more commission-free trades as an incentive to sign up with the services.
Looks like we will all end up with the same broker....LOL
Posted by bill1352 on :
thanks legel..i did. why i asked is wouldn't you think insiders would list their shares? if they own so much wouldn't they want that number over 703 billion? there is no gag order except by cmkx. there is no hand to hide now, the cards have been dealt. the time for secrets is over. if names were listed maybe not but since nobody knows who has what why not add to the total? why not just post everything & if it is naked shorted the cult would be cheering & gloating, you'd have us bashers by the short hairs so to speak.
1 more thing, i wish there was an uninterested third party in the court reporting events & numbers. frizzy is looking to start a class action as soon as this is over. i know its not part of the owners group but it makes good business sence. he would be foolish to not be looking for such an opertunity. we know where the SEC stands, protect the markets interests & if they can save a few stock buyers along the way good. bashers would be looking for negitive only so groups like stockwatch would be bias. it would be nice if there was a reporter from someplace unconnected to any side sending out daily info.
Posted by legaleagle on :
"thanks legel..i did. why i asked is wouldn't you think insiders would list their shares? if they own so much wouldn't they want that number over 703 billion? there is no gag order except by cmkx. there is no hand to hide now, the cards have been dealt. the time for secrets is over. if names were listed maybe not but since nobody knows who has what why not add to the total? why not just post everything & if it is naked shorted the cult would be cheering & gloating, you'd have us bashers by the short hairs so to speak."
The insiders cannot be represented by different attornies. They are already represented by Stoekclein since they are "insiders". Therefore they cannot be represented by Frizzell. But I agree that it is time for the whole share structure to come out. That is what tomorrow is all about for us.
Posted by legaleagle on :
Frizzell is a major stockholder himself. He'll have plenty of money after he proves the naked short. Probably won't ever have to work again IMO
Posted by glassman on :
i bet there's more than one plaintiff in the class action suits....
sue 'em all and let SPITZER sort 'em out...LOL
Posted by legaleagle on :
*******USCA FILING *********
USCA -- U.S. Canadian Minerals, Inc. Com ($0.001)(New)
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB APPROVAL OMB Number: 3235-0104 Expires: January 31, 2005 Estimated average burden hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person * NEVADA MINERALS INC 2. Date of Event Requiring Statement (MM/DD/YYYY) 8/1/2004 3. Issuer Name and Ticker or Trading Symbol U S CANADIAN MINERALS INC [USCA]
(Last) (First) (Middle) 4955 S. DURANGO SUITE 218 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __ X __ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Street) LAS VEGAS,?NV? 89113
(City) (State) (Zip) 5. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned 1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Class A Preferred 10000 D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivate Security (Instr. 4) 2. Date Exercisable and Expiration Date (MM/DD/YYYY) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Reporting Owners
Reporting Owner Name / Address Relationships Director 10% Owner Officer Other NEVADA MINERALS INC 4955 S. DURANGO SUITE 218 LAS VEGAS, NV 89113 X
Signatures
John E. Dhonau, President Nevada Minerals, Inc. 5/9/2005 ** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 5(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Shhhhhhhhhhh.........listen............can you hear it?
Posted by legaleagle on :
Andy's Yahoo Mesenger message" " In the years to come you will remember where you were on May 10th 2005 Got CMKX"
Posted by Doctoall on :
quote:Originally posted by legaleagle: Shhhhhhhhhhh.........listen............can you hear it?
What? Did Urban flush the toilet again ?
Must be getting exciting in LA today.
Posted by Ric on :
I do hear it. It's saying r e v o k e d.
Posted by bill1352 on :
the problem with what andy says is the memory of a guy named melvin. all us bashers could be wrong UC might have bought a very large number of the o/s or had someone do it for him. it is possible but his history & known facts and figures say otherwise & the only hope cmkx shareholders have is attached to that hope. there is a part of me that hopes a huge naked short is proven, with the cult & all the publicity it would bring something would have to be done to clear the extended shorts up. some naked shorting is needed to keep the penny market flowing but they need to be covered in a reasonable amount of time say 5 to 10 trading days. it would also make it harder for scam stocks to find marketmakers to trade them. but to put that hope in UC??? the guy that said we didn't keep good records? we cant rebuild financials?? they thought the derby winner had long odds...lol
Posted by bill1352 on :
ok here is a company that has been listed in almost every article about n/s'ing. lawyers & everything involved & here is a 10QSB released today. why is it ok for them to list a share count & not worry about it being called illegel but cmkx can't? this company even sued the SEC.
I just found out I own 900,000,000,000 shrs....Somebody gave them to me, ya think it was U/C trying to hide um...Is Spitzer gonna come after me?.............I'll tell um it was payment for my restricted shares...
Posted by legaleagle on :
THINK "CARNIVORE"
Posted by bill1352 on :
problem is legel..if there is a massive ns, i bet you can buy at .00007 tomorrow. tops .0001
Posted by JohnnyRotten on :
407 billion in Cede per pr 287 billion owned by OG in street name
694 billion in cede + OG street
Just need 110 billion more to top out OS through NON OG street shares and we are only at 10% of shareholders.
Yes there is a small short and yes Bill will be rich imo.
Posted by JohnnyRotten on :
RIC,
The articles of INC stated 3 entities with voting rights.
1. Urban 2. Casavant family collectively 3. Majority shareholders
All have equal vote. If over 65% then all it means is that Urban and the family agreed. Go back and read the original articles.
UC and family control the company. The only way anything happens is if a rift between UC and family occurs.
Posted by bill1352 on :
johnny, sorry pal it don't work that way. your post about cede is incorrect. cede is street read cmkx's clarifacation a little better
======================
Shares Outstanding and Stockholders of Record.
In the March 4, 2005 press release, the Company disclosed it had 703,518,875,000 shares of common stock issued and outstanding to approximately 2,032 stockholders of record (excluding shares held in "street name").
Several stockholders have raised concern over what the previous statement actually means. The issued and outstanding share number includes all shares of common stock issued and outstanding as of March 4, 2005, including those held by stockholders in their respective brokerage accounts and/or other nominee names.
A stockholder of record is a person/entity that holds an actual certificate for shares of the Company's common stock in its name. Therefore, the Company has 2,032 stockholders that hold certificates in their own name.
"Street name" refers to shares held in a person's/entity's brokerage or other trading account. The majority of these shares are typically shown on stockholder lists as being held in CEDE & CO. The Company is not aware of how many stockholders have shares held in "street name", but the Company's stockholder list as of March 4, 2005 had 407,321,106,308 shares held in CEDE & CO.
those are not certs. you cant add the cede & OG street together, that double counting
Posted by Ric on :
Still doesn't matter, UC doesn't have to own 51% to vote 51% and didn't in the past. All I am saying is since we know he doesn't need to own the shares then how many does he own? The 600 million he locked up? Who know because he refuses to give share structure. So the OG may have to own 702 billion for all we know before NSS can be proven. IF UC WOULD RELEASE INFORMATION, then we wouldn't have to guess.
EX-5 3 opinion.htm OPINION RE: LEGALITY DVORAK & ASSOCIATIES Attorneys and Counselors at Law ______________________________________________________________________________
136 Arbor Way Henderson, Nevada 89074 PO. Box 230656 Las Vegas, Nevada 89123 (702) 794-4992 (Fax) (702) 794-4532 bdvorak@lvcm.com
January 12, 2003
Board of Directors Casavant Mining Kimberlite International, Inc. 3887 Pacific Street Las Vegas, Nevada
Re: Opinion of Counsel Respecting certain Shareholder Actions
Gentlemen:
I am an attorney to practice law in the State of Nevada. I have been asked to render an opinion as to whether certain actions may be taken at a shareholders meeting held without notice with the consent of a majority of the corporation shareholders. Casavant Mining Kimberlite International, Inc. is a Nevada corporation and is thus governed by Nevada law.
In connection with the matter I have examined relevant records and documents and have examined such relevant law, as I have deemed necessary to render the following opinion.
The actions proposed to be taken at the shareholders meeting on January 15, 2003 are as follows:
a) adopting amended bylaws
b) amendments to the corporate charter
c) ratifying majority share acquisitions
d) electing directors and ratifying officer appointments
e) approving investment banking and other financings
f) approving shares issued by the corporate to date.
Nevada section 78.320 states:
2. Unless otherwise provided in the articles incorporation or the bylaws, any action required or permitted to be taken at a meeting of the stockholders may be taken without a meeting if, before or after the action, a written consent thereto is signed by stockholders holding at lease a majority of the voting power, except that if a different proportion of voting power is required for such an action at a meeting, then that proportion of written consents is required.
3. In no instance where action is authorized by written consent need a meeting of stockholders be called or notice given.
Nevada section 78.390
(b) At the meeting, of which notice must be given to each stockholder to vote pursuant to the provisions of this section, a vote of the stockholders entitled to vote in person or by proxy must be taken for and against the proposed amendment. If it appears upon the canvassing of the votes that stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, as provided in subsections 2 and 4, or as may be required by the provisions of the articles of incorporation, have voted in favor of the amendment, an officer of the corporation shall sign a certificate setting forth the amendment, or setting forth the articles of incorporation as amended, and the vote by which the amendment was adopted.
The actions listed above to be taken are all such that would be regularly voted upon at a shareholders meeting and/or meet the requirements for amending the articles of a Nevada corporation.
It is thus my opinion that the items listed above may be voted upon at a meeting of shareholders of Casavant Mining Kimberlite International, Inc. held without notice to which written consent of in excess of 51% of the shareholders is received.
Very truly yours,
/s/ Brian Dvorak Brian Dvorak, Esq.
[ May 09, 2005, 19:43: Message edited by: Ric ]
Posted by Ric on :
signed off that he only held 600 million or 8.3% on Jan. 15 2003. Better read.
The following Table sets forth the Common Stock ownership information as of January 15, 2003, with respect to (i) each person known to the Company to be the beneficial owner of more than 5% of the Company's Common Stock, (ii) each director of the Company, (iii) each person intending to file a written consent to the adoption of the Amendment described herein, and (iv) all directors, executive officers and designated shareholders of the Company as a group. This information as to beneficial ownership was furnished to the Company by or on behalf of each person named. Unless otherwise indicated, the business address of each person listed is 1481 West Warm Springs Road, Suite 133, Las Vegas, NV 89014.
Table 1. Beneficial Ownership (a)
Shares Beneficially Owned Percent of Class
Urban Casavant (1)(2)(3) 600,000,000 8.3%
Casavant Family As A Group (2)(4)(5) 170,300,000 2.4%
In April 2003 he still only had 600 million shares. Only 8.3% of total o/s.
Share Lockup Agreement
This Share Lockup Agreement (the "Agreement") is entered into this ___ day of April, 2003 by and between Urban Casavant, an individual resident in the State of Nevada (hereinafter referred to as "Casavant"), Casavant Mining Kimberlite International, a Nevada corporation ("CMKI"), and Thomas C. Cook and Associates, Ltd., a Nevada professional law corporation (hereinafter referred to as "TCC").
RECITALS
WHEREAS, Casavant currently is an affiliate of CMKI, by virtue of the fact that he is currently the president of CMKI and is the holder of record of six hundred million (600,000,000) common shares of CMKI, represented by certificate number 5171 (the "Shares"); and
WHEREAS, Casavant and CMKI believe that it would be in the best interests of CMKI and its shareholders for the Shares to be held in escrow for a period of time; and
WHEREAS, Casavant and CMKI have mutually chosen to utilize TCC as the Escrow Agent.
-------------------------------------------
IN WITNESS WHEREOF, the parties hereto have set their hands this ___ day of April, 2003.
Urban Casavant, an individual Thomas C. Cook and Associates, Ltd., ("Casavant") a Nevada professional corporation
("TCC")
By: /s/ Urban Casavant By: /s/ Thomas c. Cook Urban Casavant Thomas C. Cook, Esq., President Casavant Mining Kimberlite International, a Nevada corporation ("CMKI")
By: /s/ Urban Casavant Urban Casavant, President
Posted by Ric on :
UC didn’t own 51% when he started voting 51% in Feb 15, 2003. He only owned 8.3% and used a Nevada law to vote your shares without his permission. Below are letters to lawyer to steal your vote. Feb 15 special meeting were he states he only has 8.3% of shares then April share lockup where he still states he only owns 8.3% of shares. Heres why its going to be revoked.
1) UC on Feb 15 2003 only had 8.3% of o/s yet voted 51% as a loop hole in Nevada law according to the lawyer who said he had a right to under whats called written consent of the shareholders to vote there shares without informing them. Now legal claims that he got more shares after that but in April 2003 he locked up 600 million shares and made it seem thats all he owned. 8.3% of o/s. POINT IS, DOES HE HAVE MORE THEN THE 600 MILLION NOW since he has the right to vote your 51% without your consent?
2) March 2004 to MArch 2005 a 500 billion o/s increase. WOW massive. That avg. 2 billion shares a day over the year period. Even if half to float pinksheets double volume because of buy/sell both are posted.
3) Refuses to give share structure.
4) Refuses to give financial information.
5) Refuses to file
6) claim not to know how to run a public company and voids in financials.
7) can't figure out the difference between 300 and 689 shareholder. Thats hard to believe its a mistake.
8) Did I mention 704 billion shares and refuses to file. And S-8's don't require you to certify shares count. Not that financial require you to claim more then you issued either. Digging deep and it won't work.
9) They stole your voting rights in the Special Meeting. UC didn't own majority from the start.
10) They lied on form 15 shortly afterwards so no one could tell what they where doing.
11) They gagged the TA
12) Rosey Pr's with no supporting evidence but were carefully written so the long could come to there on conclusions which were fairytells.
Posted by bill1352 on :
what Ric is posting says that could have been signed at any time even back in 1998 all that had to be done is transfer articles from 1 to the next thus that right to vote transfers. which explains why at the last known share structure insiders held 10% but had the vote without telling the rest of the shareholders.
Posted by Ric on :
Even if what you say is true it still means he doesn't have to own any shares to vote without our consent. Just don't know why he would need to contact a lawyer to figure out how to bypass us since he and his family didn't own majority only 10.7% of outstanding shares, if what you say is true.
quote:Originally posted by JohnnyRotten: RIC,
The articles of INC stated 3 entities with voting rights.
1. Urban 2. Casavant family collectively 3. Majority shareholders
All have equal vote. If over 65% then all it means is that Urban and the family agreed. Go back and read the original articles.
UC and family control the company. The only way anything happens is if a rift between UC and family occurs.
Posted by Ric on :
Yeah what he said, lol. So without share structure, which is witheld, there is no way to tell what UC owns. Maybe all he owns is the 600 million he locked up and the rest he sold for profit to race cars with and live high on the hog. Who knows because they illegally quit filing and informing us of anything. And not filing S-8's or gagging the TA has nothing to do with NSS.
quote:Originally posted by bill1352: what Ric is posting says that could have been signed at any time even back in 1998 all that had to be done is transfer articles from 1 to the next thus that right to vote transfers. which explains why at the last known share structure insiders held 10% but had the vote without telling the rest of the shareholders.
Posted by Ric on :
First thing that was taught in Statistics in college is random sampling. You have to poll the population in a random way that would get a equal chance of the same outcome.
Letting people volunteer to call in and give there opinion is not a random sample. They have there reason to call in.
As with the shareholders group. The people that have real money in this and can't afford for it to fail will give there infomation first. Those that own little with no interest just a lottery ticket would be the ones that don't bother. Especially when they had to pay $25.00
So Frizzle's so called formula that adds up to 2-4 trillion isn't a statistical sampling. No one knows what the total would be. Theres no proof that the last 50 thousand don't own less then 1 million shares. Odds are they do but no way to tell without a true statistical random sample.
Posted by legaleagle on :
GUESS WE WILL ALL KNOW TOMORROW
Posted by jason10 on :
i honestly have been reading this for days and i cant figure out how the hell something positive can come of this
can someone explain this to me seriously not bashing i promise i just fail to comprehend whats going on what will mean bad things tommorow what will mean good things?????
its wierd im usually very good at picking this stuff up but this seems like you are argueing the same point but putting whatever type of spin on it depending on your position in the stock is
i guess im just confused O_o
Posted by Ric on :
Depends on who you talk to but I think its obvious. If it smells like it and looks like it then it probably is. But when you buy a company that doesn't report and refuses to give information or share structure, you get what you buy, nothing.
Posted by jason10 on :
LOL but you didnt explain anything you just did what everyone has been doing on here for 60 pages lol
Posted by bill1352 on :
actually if you look at what cmkx says is in CEDE & at what has registered with the owners group as cert holders that does leave a large portion not accounted for. what the OG has listed for street is meaningless. cmkx stated what is there according to records, 407 billion but the OG has only 30 billion in cert listed, thats 437 billion leaving 270 billion shares unaccounted for. logic says insiders are not in CEDE or street names. logic also says the cult that has shares in cert are part of the OG. this is as of march 2005. thus to prove a ns i'd guess they need to get over 437 billion & i'd say UC & insiders might own 270 billion making the float 437 billion. i had figured the float to be about 600 billion not that it would really matter no company with a 437 billion float can ever have any value. that number also is just about what was added at divy time & it might explain where they went & how they went from a/s to o/s in 3 days. logic also would agree that those not in the OG are mostly the 1 to 10 million shareholders. for arguments sake lets say 60K shareholders felt the group was worthless & the average owned is 5 million thats 300 billion. since the OG is a bit over 300 billion there might be a n/s of 150 billion. with a float of 437 billion there won't be that big of a squeeze. & thats only if insiders own that 270 billion & only if 60K shareholders are still out there & they average 5 million each. thats 1 h**l of a lotta IF's.
Posted by JohnnyRotten on :
Let me clarify, I said certs but should have said registered. Certs are registered but you can be registered without a cert. This from JP Morgan.
quote: Registered shareholders are listed directly with the issuer or its U.S. transfer agent. The transfer agent handles the record-keeping associated with changes in share ownership, distribution of dividend payments, and investor inquiries; it also facilitates annual meetings. An issuer's depositary bank can provide the identities of registered shareholders on a regular basis. However, this may not provide the level of shareholder identification required for a successful investor relations effort. Registered shareholders are typically individual investors who have physical possession of their share certificates, generally in lots of 100 shares or fewer. The registered list also includes nominee names such as Cede & Co., which represent the aggregate position of the Depository Trust Company (DTC), the primary safekeeping, clearing, and settlement organization for securities traded in the United States. DTC uses electronic book-entry to facilitate settlement and custody rather than the physical delivery of certificates.
Beneficial shareholders, which can include individual as well as institutional investors, do not have physical possession of their certificates; third-party broker-dealers or custodian banks hold their securities on their behalf. These shares are said to be held in street name because they are kept with the DTC in the name of the broker-dealer or the custodian bank - not the underlying shareholder. Lists of beneficial shareholders who do not object to disclosing their holdings are available from banks and broker-dealers. These lists, called NOBO for Non-Objecting Beneficial Owner, typically provide the names of individual investors.
Basically CEDE and company is a registered entity where beneficial owners in street name are not. The OG PR said there were 407 B registered in CEDE the way I understood it. The owners shares can be in CEDE and Co.
If the OG number are street shares you can just add the two together. The alternative is that these fall under CEDE also and the most you could have is an OS of 407 Billion. Anything over is short.
Now back to UC's ownership. Remember UC said in the Nevada Minerals transaction he would receive no Divvy's. It is possible UC sold all his shares and chose to take profits through mining instead.
That does not mean another insider doesn't own 51%, because any of his family could. Dhonau or whatever his name could.
In voting then you would have
1. UC without any shares by inc articles 2. Casavant family by articles. 3. The majority holder whoever it might be by purchase of stock.
Posted by tarq3 on :
http://cfrn.net will provide exclusive media coverage of the CMKX - SEC hearings beginning tomorrow, and for as long as the hearings last. Mr. John Martin will be reporting live for CFRN from the Edward R. Roybal Federal Courthouse in Los Angeles. Our regularly scheduled programming will be interrupted with breaking news as it unfolds. God is good! Blessings CT CFRN Christian Financial Radio Network.
Denied Denied Not relevant Denied Not relevant Revoked This court is adjourned.
Posted by WinsumLosesum on :
No matter what you think of CMKX, it sure doesn't look like naked shorting can be swept under the rug any more.
CHARLOTTE, NC -- (MARKET WIRE) -- 05/10/2005 -- HouseRaising, Inc. (OTC BB: HRAI) ("HRI" or the "Company") announced today that it has formally requested the NASD to investigate into what appears to be a wave of coordinated, "naked" short selling by a few individuals, which has depressed its stock price and may be in violation of the NASD's rules and regulations.
Anyone know what time the show starts?
Posted by bill1352 on :
just started jeal
Posted by Ric on :
9:30 pst which is 12:30 est
Posted by JEAL on :
quote:Originally posted by bill1352: just started jeal
Bill - do you think Bull or Dan from "Night Court" are present to make sure things stay in order?
Posted by JEAL on :
Silence really is deafening........
Posted by ed19363 on :
What is really funny is that most of this doesnt matter anyway. We are locked at .0001 no matter what happens, no sign of any movement. The lawyers are feasting on the company and the shareholders, and we get left holding a big big waiting for the elderdritches to appear. Maybe CMKX will have some bearing on naked shorted stocks, but the fact remains, we have made squat out of the "play of a lifetime". Yep, I'm laughing my head off.
Posted by JEAL on :
quote:Originally posted by ed19363: Yep, I'm laughing my head off.
Ed, I am glad your laughing, because at this point, I am not. I know there is not much else to do at this point, however, I still find this far from funny.
What is it that Legal says..... Sssshhhhh........can you hear it?
I am hoping that legal is right.
Posted by Ric on :
Jeal that may be true but you could have sold. There was time. Some think the carnival like shoaws right now are funny.
I mean the SEC made pretty obvious claims against the company. This is after a investigation that they did. I really don't think they are doing this to get at cmkx. The company did violation to the rules that caused them to hide information to share holders. Whether its has NSS or not the case at hand was lies on a form 15. Non filing. Selling illegal securities. When you buy a company that gives you nothing then its probably worth nothing.
I knoe the SEC has its problems and needs some work but these claims they are covering up NSS is baseless. If they were they wouldn't be forcing a public hearing.
So yes its funny in a way that no one will look at the facts in front of them and smell the coffee.
Posted by JEAL on :
Ric,
Agreed, I am an adult and do make my own decisions. Thanks for the "Coles Notes" versions on the scenrio. I am quite prevy to it.
Funny - sorry, still dont think so, never said no one could laugh at it....thats each individuals perogative - I just chose not to. I do work hard for my money, and invest knowing the riks, but losing money on stocks, at a pub, on a comsumer purchase - regardless of the circumstances stinks - period. I do agree that there is a lot of unanswered questions, and things that make me slap my forehead and go duhhhh - what were they thinking.
BUT ( thats a big but ) have you ever really thought just
What if.....
At the end of the day ( or tomorrow, the day after or whenever ) if I lose my small lottery ticket, thats life - but again I still dont find losing money for whatever reason or circumstance funny.
JMO
Posted by bill1352 on :
i did forget the time zone differance...lol. wanna bet no real info comes out today? motions & fighting over motions & thats about it. i hope the judge has a full supply of valium
Posted by kevy0899 on :
Anyone know what time is the trial set to start?
Posted by ed19363 on :
Bill, I believe the judge has some time before issuing a ruling anyway. I doubt very much if anything of substance will come out in the next couple days....like I said we are stuck in .0001 limbo for the forseeable future. I dont see the PPS moving for a long time, even if we are not revoked. We shall see what we shall see, but IMO there isnt gonna be much celebrating.
Posted by JEAL on :
quote:Originally posted by bill1352: i did forget the time zone differance...lol. wanna bet no real info comes out today? motions & fighting over motions & thats about it. i hope the judge has a full supply of valium
Your probably right - today I am sure will be used to outline the rules; do's and dont's etc. I am quite sure, we wont hear of any sifnificant happenings.
Posted by bill1352 on :
they crashed the server trying to get frizzys interview...lol sure wish the was a neutral party putting out info on this trial
Posted by JEAL on :
For such an important day, it seems to be awfully quite in here from all likes......
Posted by glassman on :
yeah. hear the silence?????????? Posted by will on :
I agree ed, with the caveat that no matter how ugly the preliminary ruling/inclination looks or is for CMKX, the faithful will find comfort even in damning results. There may not be a final solution or resolution, but again no matter how bad it looks for them it will be translated as a good thing, like it always is.
quote:Originally posted by ed19363: Bill, I believe the judge has some time before issuing a ruling anyway. I doubt very much if anything of substance will come out in the next couple days....like I said we are stuck in .0001 limbo for the forseeable future. I dont see the PPS moving for a long time, even if we are not revoked. We shall see what we shall see, but IMO there isnt gonna be much celebrating.
Posted by bill1352 on :
was listening to the christian radio deal to hear any updates but i couldn't take the music anymore...lol. 1 hr & nothing, the guy in court hasn't even said hi
Posted by ed19363 on :
quote:Originally posted by glassman: yeah. hear the silence??????????
Yeah.....Shhhhhh....can you hear it??
To da moonium The play of a lifetime. etc etc etc etc
ROFLMAO
Posted by bill1352 on :
gonna have to wait till lunch in the court to see if anything happened or if there is any news worth hearin...the CT radio S**KS, its either teen-bop pop or hip-hop not sure which is worse for the brain this or reading the cults theories...lol
Posted by ed19363 on :
That music and preaching is more than I can stand. Think I'll wait for a PR...should be one within a month or two.
Posted by legaleagle on :
FIRST REPORT FROM JOHN MARTIN WAS JUST BROADCAST. WHOLE LIST OF ITEMS. WILL BE PUBLISHED.
MOST IMPORTANT:
JUDGE: SURPRISED THAT THERE WERE BILLIONS OF SHARES OUTSTANDING.
FRIZZELL: YOUR HONOR, THERE ARE TRILLIONS OF SHARES HELD
Posted by bill1352 on :
you forgot to add that the auditor is STILL waiting for paperwork to start the audit to then file. $2 million spent but the auditor has yet to get page 1
Posted by legaleagle on :
CMKX auditors resigned yesterday... John Woodward own a substantial amount of the OS John Woosdward is Not happy with UC pleading the Fifth Rodger glenn was paid 250K NSS will not be allowed in as evidence Hearing will go late today.
Judge let many more in the courtroom and everyone who was there got in. Brought in chairs.
Judge made it clear she will have to go back to Washington and read the transcripts when she is done.
No one will help her make this ruling, she will do it on her own.
Judge ruled that other exhibits can be presented to her until mid-July and this is good for us.
Bill Frizzell is very involved with Stocklein. (in the courtroom)
Judge ruled that NS is not going to be admitted into evidence and wants to know what it is.
She asked SEC if they think CMKX is NSS'd and the SEC said no.
Frizzell asked if he good speak to this and she said yes.
The judge is concerned about the shareholders; SEC doesn't want them there.
Stocklein said they filed Form 15 by mistake. $2 million spent on filings and they are not done.
Frizzell thanked the judge for being there. He told the judge that there are trillions of shares in this company...not billions as she thought.
Posted by Wallace#1 on :
Not so sure Fizzle responded as such about trillions of shares. Will believe it when I hear it from elsewhere.
Posted by bill1352 on :
the radio guy did say he said that wallace. i did listen to it...it was a 10 min court break, lunch to come & they will be staying late.
Posted by Wallace#1 on :
legal,
Please clarify: "Frizzell thanked the judge for being there. He told the judge that there are trillions of shares in this company...not billions as she thought."
Trillions in the company (as authorized and unknown to us) is one thing. Trillions issued and outstanding is another. Trillions I/O plus NSS is something else again.
Sounds like all bad news for UC and CMKX to me. Let's hear the SPIN!
Posted by legaleagle on :
Judge is concerned about the number of the shares.
Stocklein cross examined and said that pink sheets shouldn't have to file if they have less than 300 shareholders.
Frizzell "was tearing it up" and the crowd was delighted with the exchange, asking Levine why he resigned one-day before the hearing.
Witnesses: Chris Wall...CD from Green Baron mp3 entered as evidence.
Posted by Wallace#1 on :
Here we go with the Green Baron again???
"Judge is concerned about the number of the shares."
The Judge being concerned about the number of shares says nothing except that 700+ billion OS and 800 billion Auth is outrageous.
"Stocklein cross examined and said that pink sheets shouldn't have to file if they have less than 300 shareholders."
Brilliant deduction!!!! See how many of you could have become lawyers? LOL
[ May 10, 2005, 16:23: Message edited by: Wallace#1 ]
Posted by Wallace#1 on :
"asking Levine why he resigned one-day before the hearing."
I'd like to know the reason for that too. Normally they don't resign unless there is something being tried that they do not agree with. Should have raided their dumpster....offices are just a few miles away.
CRITICAL RESPONSE: "She asked SEC if they think CMKX is NSS'd and the SEC said no."
Posted by Wallace#1 on :
"Judge ruled that other exhibits can be presented to her until mid-July and this is good for us."
Don't know why they would say "this is good for us". It works both ways, the NSS thing is completely out of the picture, there is precedence, and, the SEC is not sitting by idle. I would imagine they got a lot of information from unhappy CMKX suckers.
Posted by bill1352 on :
we need a basher in there because a few notes of his had things i'd like to hear. ask the t/a why they were gone & back but a lawyer was ok with we had a fight but made up??
can you hear the judge with UC.....
judge: 703 billion o/s??? why?
UC: they were naked shorting my stock & diluting the pps so i laid a trap for them.
judge: by issuing 703 billion shares??
UC: yep, that way more ppl can get rich when i spring the trap
judge: doesnt 703 billion shares dilute your stock?
UC: yep but our claims are next to debeers & shore gold & the mm's will pay big in a short squeeze. here read zen's post on it, or dr.d's, or sterlings.
judge: have you found any diamonds?
UC: yep but i sneezed & they blew off the table.
judge: are you still drilling?
UC: yep but its hard work & the duct tape used to hold the pipe together keeps ripping. then we keep hitting diamonds & breaking our drill bits.
Judge: where are your books?
UC: your honor i'm not real good with records, i'm not perfect. we can't find a lot of stuff & the ppl i hired didn't do a good job.
judge: i hear you built a new home & like race cars?
UC: yep, its pretty too, cost me $5 million & the cars are my hobby. i need to relax with all the stress of the mm's naked shorting me.
Judge: ok let me get this straight, the mm's n/s your stock diluting it so you issue 703 billion shares into the o/s diluting it so more can get rich when mm's are squeezed. you lost the 2 diamonds you found to a slight breeze & your equipment is held together with duct tape. you have no records to speak of. $5 million new home & cash to sponser race cars. is this all correct?
UC: yep, thats about it.
Judge: forget me reading anything in washington, i've heard enough. UC, get off the drugs. REVOKED.
Posted by Wallace#1 on :
Folks, JEAL has started a new thread which makes sense. Why not go there from now on?
Posted by JEAL on :
quote:Originally posted by Wallace#1: Folks, JEAL has started a new thread which makes sense. Why not go there from now on?
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فما ![[Mad]](mad.gif)
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Yea, I'll get some of that, AFTER I get out of the nut house....have fun guys!!!!
