NEW YORK (Dow Jones)--Struggling mineral exploration company CMKM Diamonds Inc. (CMKX) has ended its fight to reverse a decision by the Securities and Exchange Commission to revoke the registration of its stock.
An administrative judge ruled in July that the SEC could deregister the shares of CMKM Diamonds because the company failed to file annual and quarterly financial reports with the SEC since 2002. The company had filed an appeal with the SEC.
CMKM Diamonds said in an SEC filing this week that "As a result of the recent events surrounding CMKM," it has withdrawn its petition for review and asked the SEC to institute the revocation.
CMKM Diamonds, a tiny Las Vegas company looking for diamonds in the Canadian province of Saskatchewan, has been trading on the unregulated Pink Sheets market, where billions of CMKM Diamonds shares routinely change hands daily. CMKM Diamonds' elusive number of outstanding shares had been the topic of much speculation until earlier this year, when the company said it had some 703.5 billion shares issued and outstanding.
The SEC temporarily halted trading in CMKM Diamonds shares in March, citing questions 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."
The July 12 initial decision giving the SEC the go-ahead to deregister CMKM Diamonds stock included a laundry lists of problems with the company's financial records. It shows that CMKM failed to cooperate with an audit aiming to bring the company back into compliance with securities laws. "For example, (the accountant) was not provided documents that support CMKM Diamonds' issuance of more than $24 million in stock pursuant to an 'unknown agreement'. (The accountant) also is unsure whether CMKM Diamonds' purported acquisition of a jade collection, supposedly worth $56 million, has or has not been reversed," the order said.
The initial deregistration order also showed that CMKM continued to provide shareholders with inaccurate information even after it was first contacted by the SEC. For example, CMKM Diamonds said in March that it had relocated its executive offices to 5375 Procyon Street in Las Vegas when it fact that address was occupied only by a "hot rod" shop.
CMKM has had a cult-like following by small investors, some of whom post vociferously on several online bulletin boards. While some of these shareholders appear to have put their hopes in CMKM Diamonds' mining operations, others thought that they could profit from a short squeeze that would force investors who took bearish positions on the company's stock to cover their trades. A lawyer representing some of these shareholders attempted in vain to introduce alleged evidence that CMKM Diamonds had been the victim of illegal short selling, dubbed naked short selling, during the administrative hearing over the company's future this summer.
A spokesman for the SEC said Wednesday that the Commission received CMKM Diamonds' petition for deregistration but has yet to act on it.
CMKM Diamonds shares were recently trading at $0.0001, unchanged on a volume of more than 850 million shares.
CMKM Diamonds has been the subject of several Dow Jones Newswires "In The Money" columns that highlighted its huge daily trading volume and the lack of information surrounding the company and its mineral claims.
Posted by matto on :
what happens if a person owns shares?
Posted by ed19363 on :
Same thing as if you own a ton of blank paper....recycle it and make a few cents.
Posted by legaleagle on :
Hey let's start this thread with a beginning post from the last "CMKX is Dead" thread.
will Member
Member Rated: posted July 07, 2005 20:56 -------------------------------------------------------------------------------- Very apropos that you should start what will be the final thread for CMKX. Well, final meaning its last trading days. We all know this pigslop will never die. The faithful, cult, pumpers, poor slobs that they are, will never let this die. For crap sakes they even had the Holy Spirit involved in it yesterday. Poor useless, worthless, helpless, hopeless, pipe dreaming slobs.
Was that JULY? Hmmmm, still alive and kickin' as October comes to a close. Posted by Runryder on :
hmmmmmm
Posted by Thorn on :
Well, does that mean Urban decided he didn't want to spend the money or they figured out they couldn't stop the revocation? Or maybe it didn't matter to them.
Matto: the stock is no longer traded publicly, that's all. It can be kind of hard to trade a privately held stock, but this in itself does not affect the value (if any) of the stock.
Hey, legal! Keep waving that banner. You still have a few days to do it after all .
Posted by legaleagle on :
quote:Originally posted by matto: what happens if a person owns shares?
matto, if they are "bona fide" then you would receive shares in ETGMF. CMKX will be considered a private company and your CMKX shares will still be valid, if not tradable.
Posted by ed19363 on :
Which is another company that has no assets and no prospects of ever making money......
Posted by Thorn on :
How does one go about determining whether their electronically traded shares are "bona fide"? Do electronic shares actually have a serial number on them?
Actually, in this day and age, they could easily verify and track each share of stock, preventing any kind of naked short selling (or at least being to track it easily and stop it). Makes you think, when you realize they are not making any attempt to do this....
Posted by bond006 on :
Well it looks like the old heave hooo
Posted by legaleagle on :
Thorn, I have my shares in certs, so I feel relatively comfortable about receiving my new shares.
However, those still in electronic, must be honored by the brokerages because they were purchased in good faith, even if naked shorted. It just may take a little longer as the brokerages will probably issue "markers" just like the did last time they were caught with their hand in the cookie jar.
Posted by legaleagle on :
quote:Originally posted by bond006: Well it looks like the old heave hooo
bond, I don't think Carol Remond has the last word in the company's plan or future. LOL
Posted by Upside on :
quote:Originally posted by legaleagle: Hey let's start this thread with a beginning post from the last "CMKX is Dead" thread.
will Member
Member Rated: posted July 07, 2005 20:56 -------------------------------------------------------------------------------- Very apropos that you should start what will be the final thread for CMKX. Well, final meaning its last trading days. We all know this pigslop will never die. The faithful, cult, pumpers, poor slobs that they are, will never let this die. For crap sakes they even had the Holy Spirit involved in it yesterday. Poor useless, worthless, helpless, hopeless, pipe dreaming slobs.
Was that JULY? Hmmmm, still alive and kickin' as October comes to a close.
Ever chop a chickens head off? Do you have any idea how long they can run around appearing to still be alive? Even when they finally fall over (usually because they smack into something) they'll still kick and thrash a bit before finally calling it quits. Same thing here.
Posted by Polarbear17 on :
Welli dont know about you but i'm hanging on to my CMKX shares , waiting for the merger with ETGMF and to see what we get . Looking for something in the neibourhood of 100 cmkx shares = 1 ETGMF .
Posted by Ric on :
CDLIC God of Diamonds Joined: Aug 2004 Gender: Male Posts: 4,692
Thanks You UC (NOT!!!) Bid .00002/Ask .00006 « Thread Started on Today at 1:02pm »
I placed a test buy and sell order at 12:38PM ET to see the ask and bid, and the sell order went off at .00002 and the buy order went off at .00006. With my average in at .00025, that gives me a 90% loss on investment. Another fine example of the Casavant Maneuver bringing us wonderful returns on our investment.
I suggest all the BS about UC ends and everyone go after his "sick" a** and go after this manipulating, insider trading artist who has dumped the shareholders to move on to greener pastures.
CDLIC
Posted by Ric on :
We tried to tell you legal that it was a dead stock run like what happens with bankrupt companies.
Posted by Upside on :
quote:Originally posted by Polarbear17: Welli dont know about you but i'm hanging on to my CMKX shares , waiting for the merger with ETGMF and to see what we get . Looking for something in the neibourhood of 100 cmkx shares = 1 ETGMF .
You might want to spin those calculations one more time.
Posted by Ric on :
quote:Originally posted by legaleagle:
quote:Originally posted by matto: what happens if a person owns shares?
matto, if they are "bona fide" then you would receive shares in ETGMF. CMKX will be considered a private company and your CMKX shares will still be valid, if not tradable.
Legal why are you lying to these people like that. The 8-K was clear that as soon as the ETGMF shares are distributed that UC would resign and with no business and no officers that means no CMKX. I can't believe you still pump lies.
From 8-K
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On October 20, 2005, Mr. Robert A. Maheu notified CMKM of his resignation as a member and Co-Chairman of the Board of Directors. His resignation was effective as of 10:00 a.m. on October 20, 2005. CMKM believes it is in the best interest for the company to accept Mr. Mahue’s resignation as a director due to CMKM’s current lack of funds to continue its operations and in anticipation of a distribution to CMKM stockholders of the anticipated receipt of the Entourage stock, whereby Mr. Maheu has agreed to lend his assistance to CMKM and its stockholders as a consultant, trustee, or in any other capacity as needed during the winding up of CMKM’s affairs. Additionally, Mr. Maheu has agreed to waive his rights to any past financial obligations due him from CMKM.
Mr. Urban Casavant will remain as the sole officer and director of CMKM until the affairs of CMKM are wound up. As a result of health concerns, Mr. Casavant intends to resign as the sole officer and director effective immediately upon a determination that all shares and other assets of CMKM have been properly disbursed to its stockholders. Posted by Ric on :
quote:Originally posted by Upside:
quote:Originally posted by Polarbear17: Welli dont know about you but i'm hanging on to my CMKX shares , waiting for the merger with ETGMF and to see what we get . Looking for something in the neibourhood of 100 cmkx shares = 1 ETGMF .
You might want to spin those calculations one more time.
Yeah its one share of ETGMF for every 14,600 shares of cmkx
or
76 shares of ETGMF for every 1 million shares of CMKX you own.
It would take ETGM to run to $1.50 just to equal .0001 for cmkx.
Posted by Thorn on :
Ok, I was not aware of that. Forget what I said, matto.
Posted by Ric on :
Emerson Koch, Wesley Casavant and Cindy Casavant (Dwyer) purchasing 666,500 common shares of Entourage at 18 cents per share (today it closed at 61 cents) + 666,600 warrants in Jan 2005 . And then Uncle Urbie "just happens" to put a deal together with Entourage enriching his next of kin and friends in doing so.
At the time that the Casavants were buying this stock, this is what Entourage had to offer:
"The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, to date the Company has incurred losses of $1,914,932, has no sources of revenue, and further losses are anticipated. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in this regard are also described in Note
1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty."
Posts: 1590 Registered: 22-10-2004 Member Is Online
posted on 26-10-2005 at 09:44 AM
Keeping an eye on this deal.
Well, here it is Wednesday, October 26. We have two days until this Entourage deal is believed to be finalized.
Will it finalize? I think it COULD, but not that it necessarily WILL.
I have too many questions to believe that this plan is final.
Why would a careful plan for the disposition of much of our assets, have a loophole in it? Entourage has to get a million plus in financing ready by Friday. If they don't, the plug could be pulled on the agreement.
The whole thing sounds very much like "atmosphere conditioning" to me. The atmosphere that surrounds "shorty".
Why wasn't this agreement solidified with assured financing, before making the announcement?
Why was the 8K designed to "tell the world" that CMKX is broke? Couldn't the deal have just been done without such airing of apparent dirty laundry?
Why withdraw our appeal of the revocation? If we were just shutting down, why not let the appeal run its course?
ATMOSPHERE CONDITIONING
I think the rumors that a few MMs were holding out on settlement may be true.
If so, they had to be moved from that position, they had to be given a short window to respond, and they had to be given a final deadline.
So, we paint a picture of where this will go if they don't settle. It has all the appearances of a surrender due to financial burden and the failing health of our leader. It says to "shorty" we have covered all of our bases and we are surrendering the company over to another company that you can't mess with anymore. But it's only a picture for now.
If this occurs, our shares of CMKX do not go away. We may be revoked from trading on the open market, but the shares are still there. They will just be shares of ownership in a company whose assets have been transferred. But still capable of receiving dividends and royalties for their owners.
And shorty knows this. And not only do they know that such things are possible, they also know that with revocation they will be locked into covering dividends and royalties, indefinitely.
So this whole scenario has been painted for shorty. They now see the picture of what their future will be come Friday, if they don't settle. And they know there is no way out. Pay up or be locked into paying for your naked shorting, over and over and over.
When you see a guy like Maheu, apparently surrendering, be very, very, alert. This war is far from over. I encourage everyone to watch this play out before making any decisions. CONDITIONED ATMOSPHERES HAVE A WAY OF EVAPORATING WHEN CIRCUMSTANCES CHANGE. All IMO
"There is an appointed time for everything, and a time for every affair under the heavens" Ecc 3,1
Posted by ed19363 on :
Why dont you quit pretending to be 7 different people? You embarrassed about something? Or is it just a lack of balls?
Posted by tic_toc on :
Yeah, can we clear this up please..
Legal are you Noah?
Posted by Doctoall on :
quote:Originally posted by tic_toc: Yeah, can we clear this up please..
Legal are you Noah?
Legal has always been Noah, a man who hides his true identity, can never be trusted Posted by ed19363 on :
Especially when he talks about CMKX. He speculates and has no proof of anything. "Play of a lifetime" Yeah, RIGHT !!!!!!
Posted by will on :
He won't tell you the truth. He's been spinning horsechit for over a year now. Without a doubt noah and legal are one in the same. There aren't two different people so full of horsechit on the planet.
quote:Originally posted by tic_toc: Yeah, can we clear this up please..
Legal are you Noah?
Posted by bmarley5780 on :
NA NA NA NA
HEY HEY HEY
GOOOOD BYEEEEEEE
Posted by Doctoall on :
Big party in Vegas tonight. Urban will have lots to celebrate unless the lady from Saskatchewan shows up Posted by legaleagle on :
If I recall, noahltl was banned from the room for recommending people check out other boards and get a different view of their investment.
Also heard he was offered a deal to be allowed back in if he would apologize. From what I have seen of noahltl, that would never happen.
And I suspect that if anyone ever admitted to being noahltl, Bob Frey would be forced to bounce him.
So I guess you guys would like for me to be noahltl and bounced, then you could get by with your unbridled bashing of CMKX
Posted by ed19363 on :
Most of us only have one name. We dont float from board to board pumping stocks, we just share what info we have without pretending to be anything other than investors. I have no problem identifying myself to whoever wants to know. And if there EVER was a stock that deserved bashing, this would be it. In the 3 years I have owned it, there has been nothing but empty promises and lies. At this point I dont care what CMKX turns into, just so no more people get pumped into buying it. It is, has been, and always will be, garbage, IMO.
Posted by HossTrader on :
Why would anyone be bashing CMKX? To get the price down?!?!? Posted by ed19363 on :
Yeah, to .0000004 maybe
Posted by ed19363 on :
CMKX is showing zeroes, GEMM is down, ETGMF is down, USCA is down. Does that tell anybody anything?
Posted by Doctoall on :
quote:Originally posted by ed19363: CMKX is showing zeroes, GEMM is down, ETGMF is down, USCA is down. Does that tell anybody anything?
Yep, the mine caved in Posted by Ric on :
quote:Originally posted by HossTrader: Why would anyone be bashing CMKX? To get the price down?!?!?
Why would anyone with any investment knowledge invest in a 703 billion shares company and make up unfactual information to make it sound legit.
Basically, bashing is downing a good company to make the pps drop. You can't drop this anymore then it is. Talking about CMKX is making fun and having a good time with a p&d scam with friends.
Posted by a4realguy on :
Hey Doctoall, don't you think it is poised for a run now?
Posted by legaleagle on :
quote:Originally posted by HossTrader: Why would anyone be bashing CMKX? To get the price down?!?!?
HOSS, folks also bash to get people to sell back naked shorted shares. And the MMs can now see they are about to be locked into their NS positions. There will be continued desperation on their part until trading is halted. Every trick in the book now.
Posted by Thorn on :
Um, the concept of short selling a company until it goes bankrupt is a tax dodge. I don't follow, legal. If they never have to cover their position, they never have to report it on taxes. This is as good as it gets for nss.
Posted by HossTrader on :
LMAO Who is desperate to find someone willing to sell their shares???
De-Nile aint just a river in Egypt.
Posted by Marty on :
Posted by Doctoall on :
quote:Originally posted by a4realguy: Hey Doctoall, don't you think it is poised for a run now?
Poised for something but not a money run, maybe a run to the bathroom Posted by Ric on :
roflmao - You can always make me laugh legal. Naked Shorts in a 703 billion share company, lmao.
Posted by Doctoall on :
quote:Originally posted by Ric: roflmao - You can always make me laugh legal. Naked Shorts in a 703 billion share company, lmao.
More like "Urban Shorts" Posted by legaleagle on :
3.5 BILLION SHARES TRADED TODAY IN A COMPANY THAT ASKED TO BE REVOKED.
WHO DO YOU THINK IS BUYING THEM?
Posted by ed19363 on :
Probably some nitwit like you.....LOL
Posted by legaleagle on :
Well if Ameritrade would allow me to,
maybe half of that.
But they are still protecting me from myself. LOL
Posted by Ric on :
You will think them soon
Posted by Ric on :
Someeone need to contact legals family and start an intervention real soon.
Posted by bill1352 on :
ya legal...3.5 billion. 3 billion sells & the cult bought another 500K. the fact that the COMPANY said it was CLOSING the doors is meaningless....
From Lega..."If CMKX sits as a shell for the collection of divies and royalties, it would need no more that a partime bookkeeper to record the distributions."
in 3 yrs as an operating company it didn't keep books but now that they are about to close down for good they would hire a part-time bookkeeper???? seriously Legal, whatever it is that has been cutting the oxygen off from your brain, please get it fixed.
Posted by will on :
legal, there has to be a way you can buy more. You're a big time investigator, surely with your super spy prowess you can get hooked up with a big fat purchase of CMKX dope. C'mon man, don't let your training, skill, and ability, down, find a connection, and BUY BUY BUY!
Posted by bill1352 on :
by the way Legal, about a month ago you stated you had 7 reliable ppl in Sask. that assured you cmkx was drilling a large number of holes on the claims. that this was still an on-going thing. wouldn't that satisfy the terms of keeping the claims? as in paying for the exploration costs??? yet now we find cmkx is in default or not paying for exploration or anything else. if somebody was drillinbg in cmkx's name it would cover the contract & cmkx would not be in default. please explain this obvious misrepresentation on your & your buddies part.
Posted by Ric on :
Now thats funny bill, I don't care what anyone says thats funny.
Posted by DIGDOUGH on :
I don't get how cmkx had a 800mil plus volume today? Anybody know?
Posted by bill1352 on :
i guess this means we don't get to hear legal use the old tv show A Team line..."Don't ya love it when a plan comes together?"....lol
Posted by Ric on :
quote:Originally posted by will: legal, there has to be a way you can buy more. You're a big time investigator, surely with your super spy prowess you can get hooked up with a big fat purchase of CMKX dope. C'mon man, don't let your training, skill, and ability, down, find a connection, and BUY BUY BUY!
Yeah, legal. Do a second or third morgage and go to your bank. They will buy stocks for you for only a $38 commission.
Posted by legaleagle on :
quote:Originally posted by DIGDOUGH: I don't get how cmkx had a 800mil plus volume today? Anybody know?
DIG THAT WAS THREE AND A HALF BILLION.
Posted by Ric on :
quote:Originally posted by DIGDOUGH: I don't get how cmkx had a 800mil plus volume today? Anybody know?
Shoot 10 million shares only cost $600
The cult really believes they are forcing a lifetime short squeeze. Not that anyone every said it would happened. They just dreamed it up in fairytopia and honestly think if they buy more shares they will be rich. Instead of the facts that say for every $150 they spend today they will get $50 worth of stock in exchange soon.
Posted by bill1352 on :
from entourages filing.....
The obligations of Entourage under the aforementioned agreements are expressly subject to Entourage closing, on or before October 28, 2005, a minimum of US$1,050,000 in equity financing with which to finance its working capital and other obligations. The private placement for equity financing was first announced on October 10, 2005.
notice the last line...dilution at its best & so the o/s increase begins....lol but its only about 2.5 million shares. at least the letter "B" isn't part of the share numbers.....yet.
Posted by Ric on :
3.5 billion shares traded is only $210,000. And thats figuring all at buys. Some of then was at .00002 sells. So probably lucky if the entire days did 100,000 dollars.
Not even a good day for a bad stock.
Posted by ed19363 on :
Buck a share and you can have all mine...since this is such a golden opportunity....
Posted by HossTrader on :
Ric, sure it will only be $50 later, but they are going to make up the difference in volume! Posted by bill1352 on :
Ed...sorry but what you hold isn't worth $1 total....lol
Posted by Ric on :
quote:Originally posted by HossTrader: Ric, sure it will only be $50 later, but they are going to make up the difference in volume!
But you forget about the dilution which is already stared because of needing financing. Also when the deal does go through the o/s will increase by 400%. On top of that the MM's will realize they just got the same suckers from CMKX.
Posted by bill1352 on :
just looked at the trade list for today...at 9:32 there were 2 trades at ask...thats it. every other trade was at .0001. wanna bet the few billion cmkx MIGHT have been short will be covered at less then .0001????
Posted by HossTrader on :
LMAO Ric, I didn't forget anything! That was from an old joke my dad used to say.
"Sure they are selling at a loss, but they are going to make up the difference in volume!"
Ok, so it wasn't a really funny joke!
I don't have a dog in this fight, I just started posting out of humor after I realized there was someone still supporting a stock AFTER the company closed! It is kind of a record!
Posted by Ric on :
lol, But it gives a point to others or other, lol
Posted by legaleagle on :
quote:Originally posted by HossTrader: LMAO Ric, I didn't forget anything! That was from an old joke my dad used to say.
"Sure they are selling at a loss, but they are going to make up the difference in volume!"
Ok, so it wasn't a really funny joke!
I don't have a dog in this fight, I just started posting out of humor after I realized there was someone still supporting a stock AFTER the company closed! It is kind of a record!
Hoss, you'd be surprised how many here support this stock, or at a minimum are taking a wait and see attitude (the intelligent one).
But they don't post because they don't want to be badgered and beat up for their opinions by the neg bullies. They just PM me and we have our pro CMKX discussions there. Can't say as I blame them, but I spent a career dealing with bullies so it doesn't bother me. And BTW they are pretty lightweight here.
Posted by Ric on :
There are so many turning on CMKX it isn't funny. Because they can see the truth instead of this continued dilusion with no facts. They tell you they are selling off everything and going out of business but you still turn it into a fairytale. It really is sad.
jaxnorth Diamondologist Joined: Sept 2004 Posts: 496 I have now seen CMKX for the truth..... « Thread Started on Today at 2:10pm »
-------------------------------------------------------------------------------- I just wanted to take a minute and thank all those “Realist” posters who have joined in the last 30 days, especially the really new ones, who have enlightened us about how much of a scam this company is now. Through your non-stop posting of every fault of UC, Andy, Mahue, and Glenn, I now have a better understanding than over the last two years.
To think that investing in a non-reporting pink sheet company, with no verifiable financials, an ex-prison guard at the helm, and IR person spinning tunes in Pal Talk with a propeller on his head, and the fact that I could buy a million shares for $100.00, was not enough info to make me wonder if this could be a scam, your posts as of late have made me see the light……….
I wonder though….now that I have seen the light what should I do?……………Should I sell?….should I hold and sue Urban?……or should I just sell quickly when we get to .0005?…..I mean, you guys must have a plan right?………….You can’t have just come here to enlighten us and not had a plan of what we should do after we are now true non-believers?……….
So guys what is it………….honest answers please…………what would you have us new converts do with all the info you have now given us?……………………………
Posted by ed19363 on :
IMO, too late to ask this question now....LOL
Posted by glassman on :
it's all part of the master plan Posted by legaleagle on :
Ric, you should take more time reading and understanding a post before you bring it here. That poster was talking "tongue in cheek". Referring to the short amount of time that those "Realists" had been posting. They were trying to say "bashers" who only recently showed up to "SAVE" the shareholders.
LOL good repost. LOL
Posted by Ric on :
I have to agree with that Glass. With UC relatives and Koch buyin majority shares in the company that UC gave everything too before the pps rose back in Feb. 2005, looks exactly like a master plan. And the only ones that are going to win from this master plan is them, again.
And people like legal will be the ones that make them rich. Any bets on how long it will take to get ove 100 billion shares? I take 12 months.
Posted by Ric on :
Yeah legal they are talking about all the converts. The converts that took the road to realization and not the road to fairytopia.
Posted by bill1352 on :
"And BTW they are pretty lightweight here".....ok, i think legal just laided down a challenge. i think he is saying we bash with kindness. tho i'm sure he didn't include Will or Wallace in that. i guess the rest of us merry men need to toughen up....lol
Posted by Doctoall on :
Will you have PM's not to be confused with PMS Posted by Doctoall on :
You wait till Wallace gets back Posted by legaleagle on :
Sitting here shaking now, just from the mere thought of it. LOL
Posted by Doctoall on :
quote:Originally posted by legaleagle: Sitting here shaking now, just from the mere thought of it. LOL
Shaking is a common side effect of those who suddenly stop taking their reality meds Posted by Marty on :
A quick fix Posted by will on :
I do have PMS. Some days I enjoy being contemptible. Matter of fact most days, and some days I live for it.
Posted by Marty on :
Last one, then I'll stop...this is just funny chit!!!.... Posted by Ric on :
Here is some good ones Marty
pb60
pb49
Posted by Marty on :
ROFLMAO!!!!!!
Posted by Dustoff101 on :
quote:Originally posted by Doctoall:
quote:Originally posted by legaleagle: Sitting here shaking now, just from the mere thought of it. LOL
Shaking is a common side effect of those who suddenly stop taking their reality meds
-------------------------------------------------
Hey Doc, can't ya prescribe sumpin to settle these pumping LUNITICS down!!
Otherwise the *Shakeman* will return and square um away...
Posted by stockster5 on :
Interestingly when Legal posted back that I attacked him pages ago, he mentioned 'noahltl' and their similar styles. This is something serial minded people do, they can't help giving clues to their identity. Hmmm ... I don't have any problem having my son launder.. um... wire money to me if I live in South America, do you folks?
Posted by stockster5 on :
so seriously, what are you all going to do if cmkx goes away. Perhaps a entorage page?
Posted by stockster5 on :
Mr. Urban Casavant will remain as the sole officer and director of CMKM until the affairs of CMKM are wound up. As a result of health concerns, Mr. Casavant intends to resign as the sole officer and director effective immediately upon a determination that all shares and other assets of CMKM have been properly disbursed to its stockholders. This statement means absolutely squid !!! 'Intends' ? 'resign'? will remain as sole officer/dir until affairs are wound up. That's an empty BS spew. Scottrade never allowed me to buy cmkx almost a year ago, even recently too, I don't know weather to laugh or scream about this unmitigated pilfer pirate that is UC.
Posted by stockster5 on :
"Ric ..Any bets on how long it will take to get ove 100 billion shares? I take 12 months." In this day and age of etrading, how about 3 weeks if entourage really exists...
What's really depressing is a boatload of penny companies are now doing the UC scam technique including the now fashionable R/S till you own one share gambit. It's almost no fun playing the pennies any more.
Posted by stockster5 on :
OMG !!! This just in.... UC himself just pm'd me. He wanted to know how I knew he was giving seminars in South America called R/S YOUR WAY TO RICHES. I swear, I'm not making this up........ .........................
Posted by joeyisthebest on :
CMKX will live privatly traded just like CIM publicly traded CMKX will give us approxamitly 1 share of ETGMF for every 235,050 shares if my computations are correct. Good luck all and as always I like my koolaid with poison LOL
Posted by Ric on :
Looks like CIM is no more and that CMKX put a chill on ordering certs. The company will no longer issue cert for CIM. One more theory bites the dust. Chicken Little is evading fairytopia and the sky is falling.
Ron2w Dr. Of Diamonds Joined: Aug 2004 Posts: 145 Holy Counterfeit: "Chill" on issuing CIM Certs! « Thread Started on Yesterday at 11:44pm »
-------------------------------------------------------------------------------- While ordering an additional CMKX cert yesterday from my broker, I also ordered a cert for CIM.
The CMKX order will be going through, but my broker said that my CIM order had been cancelled due to a "chill" by the DTCC on issuing certs for CIM.
My broker also wanted to know why so many people were ordering CMKX certificates all of a sudden! (So I gave him a little tutorial LOL. )
Ron
downtown Dr. Of Diamonds Joined: Jul 2005 Gender: Male Posts: 133 Location: Seaside Re: Holy Counterfeit: "Chill" on issuing CIM Certs « Reply #4 on Today at 12:14am »
-------------------------------------------------------------------------------- I found this in the All things certs thread. It is part of a response from E-Trade to an investor. dt
Quote:If the shares of CMKX become delisted, or revoked based on a judge's decision, unfortunately, we would not be able provide you with advance notice in time to order certificates. The transfer agent for CMKX can place the shares in what is referred to as "Chill Status" at any time, and without prior notification. A chill status means that the shares would not be available for issuance in certificate form.
Posted by legaleagle on :
They told me the same thing back in June, Ric, when I ordered mine. As soon as they could buy some, they "warmed" back up again.
Move along folks, nothing to see here.
Those "markers" get real pesky when they have to make good on their NS.
Date: Wed, 4 May 2005 12:05:50 -0500 (CDT) From: "Ameritrade Client Services" <clientservices*ameritrade.com> Add to Address Book To: XXXXX XXXXXX Subject: CMKM DIAMONDS INC CASAVANT INTL MINING (KMM26667952I20725L0KM)
Dear XXXXXX XXXXXX:
This is regarding Angela Chisolm's response for your phone conversation.
Thank you for the opportunity to assist you today. This email is in response to your request for verification of our phone conversation. We are anticipating delivery of our bulk certificate for CMKM Diamonds Casavant International Mining within the next week. Provided we receive our certificat within that time frame, we would expect that it would take approximately 4-6 weeks for your certificate request to be processed. As we discussed, the delay in getting this certificate issued to you was caused by a "chill" at the Depository Trust Company. If you have further questions, please reply to this message or contact us at 800-669-3900. We appreciate your business. Thank you for choosing Ameritrade.
Sincerely,
Angela Chisolm
If you have further concerns or inquiries, please e-mail us from our secure Web site's "Contact Us" link located in the "Help Center" or at the bottom of each secure page. For security reasons, we do not answer account specific questions that originate from a source other than the secure Web site.
Sincerely,
Joy Busse General Pool for Ameritrade CS Support Teams Division of Ameritrade, Inc.
[ October 27, 2005, 00:48: Message edited by: legaleagle ]
Posted by Ric on :
I wonder legal. When nothing happens after divy's are issued, (no short cover, nothing) will you continue to believe that UC will give you something later or will you just start pumping ETGMF?
Posted by legaleagle on :
I guess we will have to see, Ric
When we do get the payoff, will you just go on to bash another stock you don't own?
Oops sorry, I meant "protect innocent newbies"
Posted by johnny14511 on :
Posted by Ric on :
quote:Originally posted by legaleagle: I guess we will have to see, Ric
When we do get the payoff, will you just go on to bash another stock you don't own?
Oops sorry, I meant "protect innocent newbies"
Only problem is I am 100% sure that I am right. If I wasn't then I wouldn't say a thing. This is so obvious it isn't funny.
Your lucky UC was smart enough to know he had to give you all token company so he wouldn't have 50K people coming after him. But he did get his family back involved for the next scam on people that will never learn.
Posted by bill1352 on :
hey legal...no response to my question about your 7 buddies in Sask. the guys that confirmed resent drilling????
as for whats next...he11 the cult will keep us entertained for many more months. to bad UC won't be around to add wood to the fire. gonna miss his half-truth prs to argue over.
Posted by a4realguy on :
Do any of you guys that are bitching and complaining on here still own shares of CMKX?
Posted by ed19363 on :
Wonder if Andy is still running at the mouth.
Posted by ed19363 on :
quote:Originally posted by a4realguy: Do any of you guys that are bitching and complaining on here still own shares of CMKX?
Unfortunately, yes....
Posted by legaleagle on :
quote:Originally posted by bill1352: hey legal...no response to my question about your 7 buddies in Sask. the guys that confirmed resent drilling????
as for whats next...he11 the cult will keep us entertained for many more months. to bad UC won't be around to add wood to the fire. gonna miss his half-truth prs to argue over.
bill, I just couldn't come up with a reason to answer a question I have already answered.
Posted by a4realguy on :
What is the reason to hang on to CMKX shares now?
Posted by Thorn on :
Top 10 reasons to hang on to CMKX shares:
10) You won't have to admit you were wrong. 9) It would cost more to get rid of them. 8) To help prove the NS. 7) Dinner placemats for the rest of your life. 6) Wouldn't want to upset Urban. 5) The certificates fit the bottom of the bird cage perfectly. 4) Cheaper than buring oil this winter. 3) It would save space in landfills. 2) Legal was right all along! 1) Toilet paper.
(not intending to offend, a little humor is good for the soul). Posted by Doctoall on :
Not much action in here this morning.
Posted by legaleagle on :
quote:Originally posted by Thorn: Top 10 reasons to hang on to CMKX shares:
10) You won't have to admit you were wrong. 9) It would cost more to get rid of them. 8) To help prove the NS. 7) Dinner placemats for the rest of your life. 6) Wouldn't want to upset Urban. 5) The certificates fit the bottom of the bird cage perfectly. 4) Cheaper than buring oil this winter. 3) It would save space in landfills. 2) Legal was right all along! 1) Toilet paper.
(not intending to offend, a little humor is good for the soul).
I'm only second?????? Posted by Ric on :
a4realguy
If you don't like a board that allows freedom of speech and investors that don't mind giving advise on both sides of the issue then legal will welcome you with open arms on pb57 where thay will ban anyone that doesn't believe what the cult preaches. Otherwise you need to either bring facts here that support your case and be involved in the debate instead of going after people that do bring facts here whether its negative or positive on a stock.
How does anyone ever become an informed investor if all they want to here is the pump?
Posted by a4realguy on :
Excuse me? I was only asking if any of you complainers owned the stock? Can you answer the question? If you do own the stock, maybe I have more questions as to why you think I should hold it or sell it. If you don't own any, then I would wonder why you put so much time into complaining about something you have no stake in?
Posted by legaleagle on :
a4realguy, you have a good question for Ric. He has said many times that he doesn't own the stock, yet he frequently visits CMKX ********s 57 and 60, as well as Willy Wizards Underground Paltalk and seems to monitor at least 16 hours a day here.
He is truly a dedicated public servant, defending the rights and freedoms of newbies, world wide.
Posted by legaleagle on :
And speaking of a board with freedom of speech: Reread my post, you can't even use the word "pro boards" here, much less link anyone to a pertinent post.
Posted by Upside on :
quote:Originally posted by a4realguy: Excuse me? I was only asking if any of you complainers owned the stock? Can you answer the question? If you do own the stock, maybe I have more questions as to why you think I should hold it or sell it. If you don't own any, then I would wonder why you put so much time into complaining about something you have no stake in?
A friend of yours comes up to you and tells you he's thinking about buying a certain car that you happen to think is a pos. You don't own it though so you can't tell him your thoughts? That same friend then tells you he's thinking of investing in a certain company. You happen to know something about it but you don't own it, gotta keep your lips sealed, right? It's a ridiculous premise to state "if you don't own it, you can't discuss it." It's called a debate where two different sides have strong opinions. Ownership has nothing to do with it.
Posted by Thorn on :
CMKX volume trade today is 37% of the OTCBB...
[ edit: just went up to 40%... ]
Kind of puts things into perspective for trading on the OTCBB, eh?
-----------------
If people only discussed stocks they owned, then every forum thread would contain positive posts about "up-and-coming" stocks and negative posts about stocks that were a big disappointment. That would be so boring. What would be the point of having a forum if you can't discuss the risks and downfalls of a stock? I thought that was why we were here (other than greed, that is).
Posted by johnny14511 on :
LOOK AT WHAT IT IS NOW .00000
Posted by Ric on :
Don't you just feel the love in this room.
Posted by Thorn on :
All 37.17% of it, just dripping with love.
So, does this mean that over 1/3 of the OTCBB is about to disappear? Posted by ed19363 on :
Only 1/3 of the shares traded, which equates to about 1/5,000,000,000 of the value.
Posted by legaleagle on :
quote:Originally posted by Upside:
quote:Originally posted by a4realguy: Excuse me? I was only asking if any of you complainers owned the stock? Can you answer the question? If you do own the stock, maybe I have more questions as to why you think I should hold it or sell it. If you don't own any, then I would wonder why you put so much time into complaining about something you have no stake in?
A friend of yours comes up to you and tells you he's thinking about buying a certain car that you happen to think is a pos. You don't own it though so you can't tell him your thoughts? That same friend then tells you he's thinking of investing in a certain company. You happen to know something about it but you don't own it, gotta keep your lips sealed, right? It's a ridiculous premise to state "if you don't own it, you can't discuss it." It's called a debate where two different sides have strong opinions. Ownership has nothing to do with it.
But Upside, while not directed at you personally, if someone doesn't own a stock it certainly leaves people wondering why anyone would spend a great deal of time on it.
I owned PCBM at one time. Didn't like it then. Sold.
I didn't go back to the thread ever again, because I had no interest left in it.
I had no monetary gains or losses at stake any longer, so I no longer had any motivation to stay.
I felt no obligation to stay and tell anyone, newbies or oldtimers, why I didn't like it.
I didn't stay for the purpose of argument just because I might like to tell everyone how stupid they were for being in it, or ridicule their every post and thought.
I didn't stay day and night posting every possible negative item I could find.
I didn't try to spy on the positive posters to find their true identity, nor did I publish personal information that I may have known about the positive posters there.
In short, anyone spending a great deal of time on a stock thread of a security that they don't own, either has to be a paid basher, or really needs to be doing a little self-examination of their motivations and agenda.
Posted by Ric on :
Do you have a problem because I bring real facts to the board or is it that I busted your bubble of this crazy sting theory. Or is it the fact I have to question your intentions when you take the obvious and play it to your own spin like the revoked situation where you claim to have been in law enforcement but has no clue how the legal system works. And that it doesn't happen over night. This stock will be stopped soon and you know that.
I am not a paid basher, and I am probably one of the few that made money on this stock last year. But I do have a real good friend that was suckered into this stock along with prrm only to lose all his money. He was young and didn't know enough not to listen to people like you. Talk about agendas making up these false statements trying to get people not to get out with a little bit. The 8-K was so clear and what do you feel you gain by stopping people from not losing what little they have left.
It is sad that people would do this to other people without regard to what it will do to them. The people that were conned into this stock are poor to middle class people with little to no investment experience with promises of diamonds. Then when the facts do come out, these PAID PUMPERS come to these boards trying to get these poor people to hold and make up wild dreams and pass them off as facts. Talk about doing a little sel-examination of their motivations and agendas.
Finished with my rant. Besides there are good people in here that make good debates and good friends. And what is this spying on positive posters crap? Are you paranoid? I haven't seen no one do that.
Posted by g-invest on :
quote:In short, anyone spending a great deal of time on a stock thread of a security that they don't own, either has to be a paid basher, or really needs to be doing a little self-examination of their motivations and agenda.
Wrong, I post in the PLNI thread about once a month or so to warn them that PLNI is going nowhere. The fscking CEO promised an audit and didn't release it. What kind of an idiot does that and worse yet, GETS AWAY WITH IT?
Posted by Ric on :
It really is sad that all these people like Jay, Acca, Dr. D, Sterling, and Willy willy make up these stories and pass them off as fact to make the sheep stay with the flock. They should go to jail. Do you really think that these people would have stay like they did if all these people didn't make all these promises that were never meet.
It just bugs me. And the Truth needs to be told.
Don't get mad at the messenger, bring facts to prove him wrong. Not theories or possibilities. Don't take one word out of a PR and try and make it a hidden message. This is a public company where all investor deserve the truth. Not parables.
Posted by g-invest on :
OMG THIS THING IS GONNA RUN!!! JUST LOOK AT THE CHARTS! OMG!
Posted by Upside on :
quote:Originally posted by legaleagle:
quote:Originally posted by Upside:
quote:Originally posted by a4realguy: Excuse me? I was only asking if any of you complainers owned the stock? Can you answer the question? If you do own the stock, maybe I have more questions as to why you think I should hold it or sell it. If you don't own any, then I would wonder why you put so much time into complaining about something you have no stake in?
A friend of yours comes up to you and tells you he's thinking about buying a certain car that you happen to think is a pos. You don't own it though so you can't tell him your thoughts? That same friend then tells you he's thinking of investing in a certain company. You happen to know something about it but you don't own it, gotta keep your lips sealed, right? It's a ridiculous premise to state "if you don't own it, you can't discuss it." It's called a debate where two different sides have strong opinions. Ownership has nothing to do with it.
But Upside, while not directed at you personally, if someone doesn't own a stock it certainly leaves people wondering why anyone would spend a great deal of time on it.
I owned PCBM at one time. Didn't like it then. Sold.
I didn't go back to the thread ever again, because I had no interest left in it.
I had no monetary gains or losses at stake any longer, so I no longer had any motivation to stay.
I felt no obligation to stay and tell anyone, newbies or oldtimers, why I didn't like it.
I didn't stay for the purpose of argument just because I might like to tell everyone how stupid they were for being in it, or ridicule their every post and thought.
I didn't stay day and night posting every possible negative item I could find.
I didn't try to spy on the positive posters to find their true identity, nor did I publish personal information that I may have known about the positive posters there.
In short, anyone spending a great deal of time on a stock thread of a security that they don't own, either has to be a paid basher, or really needs to be doing a little self-examination of their motivations and agenda.
What you are saying is true in most cases, with most stocks. I've been burned on others and rarely post on those threads anymore. This one however, this one is the queen mother of all stock scams and from my viewpoint at least, it's just an amazing story. It truly baffles me how people can still believe in it and to not point that out is next to impossible. Especially when you see an obvious newbie come here and question whether or not to buy it. For some reason, it appears as though it's not proper to help a first timer out anymore. I guess the proper thing to do is to let the poor sap lose everything, apparently that's some kind of screwed up "school of hard knocks" type of thinking, I don't know. In any event I still don't see the relevency of owning or not owning a stock. If you know something, good or bad, post it, whether you own it or not.
Posted by tic_toc on :
This dog is dead. Do we have to keep kicking it?
Posted by stockster5 on :
Q-invest...in answer to your post ... umm UC?
Posted by Ric on :
Don't think of it as a dead dog. Dogs are mans best friend. Of course you don't want to kick it. Think of it as a dead ex-wife that took everything from you.
Man thats sick.
Posted by stnkng1 on :
lets get rid of this thread please we are just sitting here talking about nothing because we all no that is what this stock is now or what it has always been which sucks because i did have a few shares about 10 million but i no i just got to let it go. sorry folks
Posted by will on :
"we all no that is what this stock is now or what it has always been" Knowing this, that it is and was nothing, why would you have bought 10M shares? Did the spinning of improbable to impossible theories have anything to do with you intitalling purchasing 10M shares of CMKX? You recognize now, and anyone with one living brain cell KNOWS it has 0 chance of making anyone money, but you see Mr. legal here still trying to convinve people that it s a viable play and a good company. That is why people need to be here telling others the truth. You had to at least spend $1,000 minimum to own 10M shares, wouldn't have been nice if you someone presented the facts without false premise and far flung theories? Might have saved you some money. Now these blood sucking, money grubbing, deceitful, people are trying to draw the unsuspecting into PART II of this scam. Not only is it right that people offer negative opinions regarding these folks and this company, they have an obligation to do so, whether they own the pos stock or not.
quote:Originally posted by stnkng1: lets get rid of this thread please we are just sitting here talking about nothing because we all no that is what this stock is now or what it has always been which sucks because i did have a few shares about 10 million but i no i just got to let it go. sorry folks
Posted by Doctoall on :
Maybe Debbi, Noah, Willy, Dr Sterling, Andy and Melvin will be kind enough to give us their address and we can all go over and have a big party. Oh let's not forget Legal I am sure he would welcome us for a party Posted by bill1352 on :
the top ten reasons to post on the cmkx thread...
10...entertainment factor 9....hoping for another visit from dr d 8....don't know where UC is so that we can kick his azz. 7...friends made 6...its more fun then the prrm thread 5...its more fun then the qbid thread (except for wallace) 4....reading the cult theories makes 1 gratefull for the brain cells they still have. 3....just like arguing 2....that big basher pay check & the #1 reason....waiting for legal to say "i was scammed!!!!"
Posted by Ric on :
FRIZZELL LAW FIRM 305 S. Broadway, Suite 302 Tyler, Texas 75702 (903)595-1921 E-Mail jmartin*cmkxownersgroup.com
Greetings Group Members,
Due to Mr. Stoecklein's unavailability and other factors it appears there will be no new 8K at this time from the company regarding the specifics of identifying our shareholders as mentioned in the 8K on Monday of this week. I will try to get you more specific information after speaking with Don when he returns next week. I plan on asking the "Task Force" to take a multi faceted approach to the identification of our shareholders. There are shareholders that bought stock from brokers that do not report through traditional channels. The TA list and the NOBO/OBO list combined does not reveal the total of shares in the market place. All shareholders that have purchased stock from whatever source should benefit from this distribution.
I have been receiving more than the usual calls and emails asking me the question of how one should hold their shares---cert ownership vs. street name shares. I have said in many prior posts and I will say it again, I am not giving anyone advice on whether or not they should own their shares in street name or in cert form. You should talk with your financial advisors and your broker about the benefits and the drawbacks to having certs or street name shares. Common sense will tell you that a certificate of ownership duly signed by the company officers and issued by the lawful transfer agent will be ample proof of ownership to just about anyone under any circumstance. The company will be seeking a list of all shareholders as of a certain record date for the distribution. I am hopeful the company will disclose the record date in short order. I will be speaking with Mr. Stoecklein about the next meeting of the "Task Force" early next week so I can get this information to you. I do not believe those who own shares in street name (i.e. cede and company through your brokers) will be able to verify ownership by simply showing their brokerage statements to the company. Being a member of the distribution "Task Force", I should be able to answer that question for you shortly. Only the company can tell you what method it is going to use to determine ownership. When I am told of that method, Mr. Stoecklein, Mr. Maheu and I will come up with a plan to distribute the stock to the rightful shareholders. I think it will be quite interesting to work with Don and Mr Maheu to arrive at an accurate shareholder list. Now that you have seen the difficulties in gathering such information from a group this large, you know this will be no short, quick and easy task.
You can expect problems from your brokers in the event you ask for certs. We have seen three responses from three brokers and they are all different. I would like to examine these written responses as they may be important in the future. If you receive a written explanation from your broker which explains why they will not provide you with certs, I would love to have a copy. You can send it to jmartin*cmkxownersgroup.com .
I am getting numerous calls inquiring about the O/S. The company issued a press release early in 2005 stating that the official outstanding stock of the company was 703 Billion shares. This was based on the TA records. Some shareholders have stated there is expected to be a new O/S. If there is a new one, it will be new to me. I have never heard any mention from Don Stoecklein, Urban or Bob Maheu that the O/S is anything but what has been released by prior press releases. As always I can only say, I hope this rumor is true for all the shareholders benefit. I will be leading the dancing in the streets if there is some significant change in this number. I simply have no knowledge of any smaller O/S. There was no discussion of a new O/S at the Board Meeting last week.
I am again being asked about true evaluation of the company. There have been no financials filed by this company since 2002. I think I am safe in assuming there will be no financials filed in the future, so I do not know what the evaluation of the company's assets are. Some say that Entourage is going to release the evaluation tomorrow. I hope so. You should have that information. You should have had that information a long time ago. Having that information might help you in your decision to buy, hold or sell. I can tell you there was not one word of discussion during the board meeting last week about evaluation of the company's assets. I hope the evaluation is "to da moon" as I used to read on the boards, but I am simply out of the loop where this information is being discussed.
Many people are again asking about the naked short issue. What is the true naked short? I do not know what the true naked short position is because the brokers have failed to respond to my requests for short positions from them. I have sent out at least 10 certified letters on behalf of you as shareholders to the 10 largest brokerage houses. I have not received the courtesy of a reply from one single brokerage house. I have sued the SEC to get the fails to deliver information but have not been successful in obtaining that info from the SEC. We have examined 11 or 12 thousand shareholder statements and have totaled over 400 billion shares. We know there are nearly 60 thousand shareholders according to the NOBO/OBO list. This would suggest to me quite a few more shares in the market place than the admitted 703 billion shares. One shareholder just called my office and was very insulting to my legal assistant demanding to know what the naked short position was and stated that I knew what it was but I was not telling because I had been bought out by the market makers. Oh, pleeeeeeeeeeeeeease. Then another shareholder called and demanded to know evaluation. When Goldie said we do not have that information, she was told by some jerk that I knew it, but since I had been bought out by the company, I was not benefitting the shareholders one bit...Right...What possible reason would I have for not sharing that information with you, if I had it? We have to keep our sense of humor around here, because this goes on daily. I don't like it one bit to have to listen to such abuse, but I realize these kinds of remarks come from a very small number of individuals. I feel fortunate to have such a large group of shareholders that have a reasonable amount of common business sense and understand what is going on.
I invite your input on the plan for identifying all the shareholders of CMKX. I have learned there are some really smart people in this group. Any thoughts will be passed along to the "Task Force".
Onward,
Bill
Posted by Ric on :
lol, #1 will be a sight to see but I bet it won't happen. But is a good reason.
quote:Originally posted by bill1352: the top ten reasons to post on the cmkx thread...
10...entertainment factor 9....hoping for another visit from dr d 8....don't know where UC is so that we can kick his azz. 7...friends made 6...its more fun then the prrm thread 5...its more fun then the qbid thread (except for wallace) 4....reading the cult theories makes 1 gratefull for the brain cells they still have. 3....just like arguing 2....that big basher pay check & the #1 reason....waiting for legal to say "i was scammed!!!!"
Posted by bill1352 on :
legal...you never answered my question about your claims drilling was on going & you had ppl telling you it was. we just got proof it hasn't been going on for some time now or the claims would not be in default. i guess you either made it up or you have ppl lying to you. funny, everything us merry band of bashers has said has either been proven true or is about to be true yet those 7 guys in Sask. have reliable info but we don't.
Posted by stnkng1 on :
i did spend a grand hoping it was gonna be something and yes i messed up but now im over it. hopefully moved on to better things.
Posted by will on :
"& the #1 reason....waiting for legal to say "i was scammed!!!!"
.......and do you think that rockhead will ever admit to that? He has had plenty of chances in the past year, but chose to take his denial to new levels of asininity each time the oportunity for the truth and admission of bad judgement presented itself to him. There isn't any type pumper worse than the likes of legal, (noah), and debbie. They never had an original thought between them. They read that pigslop dreamt up by Willy, Jadobe, Dr D, Sterling, and others, and are charged with promulgating these twisted falsehoods as promises of riches. They happily spread those lies and try to convince people to this very day that revoked, 8K declared finished stock is a "play of a lifetime".
Posted by bond006 on :
Taps would be fitting about now
Posted by will on :
I wasn't trying to embarass you about "messing up". I owned this crap at one time too. My point was that all the ridiculous pumping and theorizing about fantastic unbelievable riches might have influenced you into having wasted a $1,000 on this pos stock. If that kind of hype caused you to lose $1,000 then, why wouldn't you think others might be making the same error in judgement now? These people cannot be allowed to spread their impossible theories and lies unchalleneged.
quote:Originally posted by stnkng1: i did spend a grand hoping it was gonna be something and yes i messed up but now im over it. hopefully moved on to better things.
Posted by bill1352 on :
if you actually think i'm waiting or believe legal will ever admit he has been scammed your as lost as he is...lol
Posted by legaleagle on :
quote:Originally posted by bill1352: legal...you never answered my question about your claims drilling was on going & you had ppl telling you it was. we just got proof it hasn't been going on for some time now or the claims would not be in default. i guess you either made it up or you have ppl lying to you. funny, everything us merry band of bashers has said has either been proven true or is about to be true yet those 7 guys in Sask. have reliable info but we don't.
bill, I will stand by the drilling information. Two shareholders spend two weeks counting them before security was increased recently. Over 500 holes were counted on the claims. The drilling activity or lack of it was not the condition of default, it was financial.
Posted by Doctoall on :
quote:Originally posted by legaleagle:
quote:Originally posted by bill1352: legal...you never answered my question about your claims drilling was on going & you had ppl telling you it was. we just got proof it hasn't been going on for some time now or the claims would not be in default. i guess you either made it up or you have ppl lying to you. funny, everything us merry band of bashers has said has either been proven true or is about to be true yet those 7 guys in Sask. have reliable info but we don't.
bill, I will stand by the drilling information. Two shareholders spend two weeks counting them before security was increased recently. Over 500 holes were counted on the claims. The drilling activity or lack of it was not the condition of default, it was financial.
Well Legal "IF" they had found anything in those 500 holes, they would not have had financial problems, you think!!!!! Posted by legaleagle on :
Ric: "Do you have a problem because I bring real facts to the board or is it that I busted your bubble of this crazy sting theory."
I don't have a problem with any "facts" that you may bring to the board. Any "facts" of the facts you have claimed, most have come from some documents posted by Pedro. He claims those came from an FOIA, yet many of his "old" friends say they showed up on Frizzells door step and he gave them to Pedro and a couple of other shareholders. Now "there" is a realiable source for "facts".
On the sting, you won't ever burst my bubble on that. On some things people can offer an educated guess, but somethings are just "known" and that is one of them. You have already seen part of the results of that sting with the arrest and arraignment of Gary Walters , and the placement of John Edward's CRWN into receivership.
Posted by duediligence1 on :
quote:Originally posted by legaleagle:
quote:Originally posted by bill1352: legal...you never answered my question about your claims drilling was on going & you had ppl telling you it was. we just got proof it hasn't been going on for some time now or the claims would not be in default. i guess you either made it up or you have ppl lying to you. funny, everything us merry band of bashers has said has either been proven true or is about to be true yet those 7 guys in Sask. have reliable info but we don't.
bill, I will stand by the drilling information. Two shareholders spend two weeks counting them before security was increased recently. Over 500 holes were counted on the claims. The drilling activity or lack of it was not the condition of default, it was financial.
Are you a chronic liar or are you getting paid?
Posted by legaleagle on :
Ric: "Or is it the fact I have to question your intentions when you take the obvious and play it to your own spin like the revoked situation where you claim to have been in law enforcement but has no clue how the legal system works. And that it doesn't happen over night. This stock will be stopped soon and you know that."
Ric we have been through this once before already and I guess you didn't listen to my anser, just like you usually don't, because you are already onto your next bash.
If the SEC believed that CMKX was a clear and present danger to the investing public, they would have and should have, halted trading. If nothing else, they should have acted by now to halt the trading since we already withdrew our petition, and according to you, this is the biggest scam in history. It's not the Commission has a lot of paperwork on this one. There is no longer any decision for them to make. The decision has already been entered by the ALJ, and now there is no review or reason to delay implementation. Except for the fact that they don't want to lock the DTCC into the NS.
Posted by legaleagle on :
Doc, why would they put valuation into a company that they had no plans to continue with? Into a company that was suffering on the largest NS in history. Please note that the Casavants entered into Entourage around the first of January. Are you thinking that they just started planning this?
Posted by legaleagle on :
quote:Originally posted by duediligence1:
quote:Originally posted by legaleagle:
quote:Originally posted by bill1352: legal...you never answered my question about your claims drilling was on going & you had ppl telling you it was. we just got proof it hasn't been going on for some time now or the claims would not be in default. i guess you either made it up or you have ppl lying to you. funny, everything us merry band of bashers has said has either been proven true or is about to be true yet those 7 guys in Sask. have reliable info but we don't.
bill, I will stand by the drilling information. Two shareholders spend two weeks counting them before security was increased recently. Over 500 holes were counted on the claims. The drilling activity or lack of it was not the condition of default, it was financial.
Are you a chronic liar or are you getting paid?
Do you really do what your name says, or just visit boards being an A$$HOLE?
Posted by legaleagle on :
quote:Originally posted by bill1352: if you actually think i'm waiting or believe legal will ever admit he has been scammed your as lost as he is...lol
bill, have I ever run from anything on this board? True, I sometimes do not answer silly or repetitive questions, but I don't run away.
Posted by legaleagle on :
OK, now have I answered everyone's questions?
Posted by will on :
Now prove there is or ever was a NSS of CMKX. Not a theory, but hard proof.
Posted by duediligence1 on :
quote:Originally posted by legaleagle:
quote:Originally posted by duediligence1:
quote:Originally posted by legaleagle:
quote:Originally posted by bill1352: legal...you never answered my question about your claims drilling was on going & you had ppl telling you it was. we just got proof it hasn't been going on for some time now or the claims would not be in default. i guess you either made it up or you have ppl lying to you. funny, everything us merry band of bashers has said has either been proven true or is about to be true yet those 7 guys in Sask. have reliable info but we don't.
bill, I will stand by the drilling information. Two shareholders spend two weeks counting them before security was increased recently. Over 500 holes were counted on the claims. The drilling activity or lack of it was not the condition of default, it was financial.
Are you a chronic liar or are you getting paid?
Do you really do what your name says, or just visit boards being an A$$HOLE?
I like to think both Posted by legaleagle on :
quote:Originally posted by will: Now prove there is or ever was a NSS of CMKX. Not a theory, but hard proof.
Just as easy for you to prove there isn't. Please grace us with your knowledge.
Preferably something you don't plunge out of a toilet.
Posted by will on :
Well, you're the one claiming there is. I think it is incumbent upon you to prove it, since you're claiming it. The SEC was asked in the hearing, under oath, and claimed it wasn't shorted. Proof sworn public record. Of course they don't tell the truth according toyu and your ilk.
Posted by Ric on :
Your the one claiming something without proof. Even Frizzell said there was no proof that there is NSS just looks like it. The cult keeps telling people there is the huge NSS that will pay them off if only they stay. And there is not one once of fact to back it up with the tremdous o/s that UC dumped on its unexpecting shareholders.
I think there may have been a little shorting on this but there is no way that they could have sold that many shares on the market and the company dump that many at the same time.
By the way Legal, I am retired from the military taking care of a sick wife. Fortunately I have that ability. I am at home a lot. But I am building a house and right now on the Kitchen. I take breaks and look at the computer while I rest and do have time at night but 16 hours isn't spent on here.
Posted by will on :
That's the oldest tactic in the book, Ric. Especially used by CMKX faithful pumpers. You ask them to offer hard proof of their claims , and they ask you to prove their claims aren't accurate or true. They don't debate or answer questions, they talk from both sides of their mouth.
Prove it legal. The burden of proof is on the one claiming that NSS exists regarding CMKX. The SEC says it wasn't shorted, it's not on the SHO list. There's two sources of proof it wasn't shorted. Prove them wrong and offer you proof that CMKX is shorted to extreme proportions.
Posted by TANGO42 on :
WELL -Funny thing happened Last Friday, Heard about this deal with ETGMF. Mentioned something about "Carolyn" claims: SO I picked one of the Five holes drilled on those claims from 2 years ago. Found a ragged,aged piece of paper at 931ft that Entourage called wanting to merge. Stupid me loaded up at .47 and left town Came back today and sold for .54 (greedy person that i am).NOW on 30k shares, thought I did well $2100 -The wife immeditely started in on me about CMKX and losing $20k I said OK but what about SGGM or ECPN 4 times and USCA of course a little on GEMM for a total of $32k. She says but CMKX is REVOKED. Of course I relied on UC with the "make a million millionaires" So there you have it MY wife agrees with this board. where do I send the $34,100 ? PS: SORRY heard someone turned out the lights- Guess the $34k is out sight out of mind ! PSSSSSS: THE few of you here for years are so incredibly stupid yhere are no words in the dictionary: Any responces will prove me correct
Posted by legaleagle on :
quote:Originally posted by will: Well, you're the one claiming there is. I think it is incumbent upon you to prove it, since you're claiming it. The SEC was asked in the hearing, under oath, and claimed it wasn't shorted. Proof sworn public record. Of course they don't tell the truth according toyu and your ilk.
Will that's exactly what I am talking about. You just say something as though it is true, but you don't know or check your facts.
Here's what was really said, WILLING TO STIPULATE:
"Now, is the Division willing to stipulate orally that it appears that naked short selling has taken place in this stock?" the judge asked.
"No, Your Honor," Ms. Hakala replied.
"You're not?" Judge Murray queried.
"No, Your Honor," Ms. Hakala repeated.
"Okay," the judge said. "All right. If that's where we are, that's where we are."
AND THEY DON'T SWEAR IN COUNSEL
Posted by will on :
Open to interpretation.
Just prove that it is or was shorted to an extreme.
Posted by legaleagle on :
quote:Originally posted by will: That's the oldest tactic in the book, Ric. Especially used by CMKX faithful pumpers. You ask them to offer hard proof of their claims , and they ask you to prove their claims aren't accurate or true. They don't debate or answer questions, they talk from both sides of their mouth.
Prove it legal. The burden of proof is on the one claiming that NSS exists regarding CMKX. The SEC says it wasn't shorted, it's not on the SHO list. There's two sources of proof it wasn't shorted. Prove them wrong and offer you proof that CMKX is shorted to extreme proportions.
THE PROOF OF NAKED SHORTING IS WHAT WE ARE AWAITING. THE ONLY ENTITY WITH THE PROOF IS THE SEC AND DTCC AND THEY AREN'T TALKING. WHY? READ FRIZZELL'S POST ABOVE:
"I have sued the SEC to get the fails to deliver information but have not been successful in obtaining that info from the SEC."
WHY HASN'T THE SEC RESPONDED TO LEGAL REQUESTS THAT COULD HAVE BEEN USED TO "PROTECT" THE SHAREHOLDERS THAT SO MANY HERE SEEM CONCERNED WITH? SIMPLY RELEASING THE TRUE NUMBERS COULD HAVE PREVENTED HUNDREDS OR THOUSANDS OF NEW SHAREHOLDERS FROM GETTING INVOLVED.
YOU KNOW THE ANSWER AS WELL AS I DO.
Posted by will on :
That isn't proof, just more misinformation and conjecture to siut your contentions. Sorry, fella, not good enough. Try again.
Posted by legaleagle on :
quote:Originally posted by will: Open to interpretation.
Just prove that it is or was shorted to an extreme.
OPEN TO INTERPRETATION?????? LOL
IT'S VERY CLEAR. THE JUDGE ASKED IF THEY WANTED TO STIPULATE THAT CMKX WAS NAKED SHORTED. THEY SIMPLY STATED THEY DIDN'T WANT TO STIPULATE IT. AND IT'S ALSO INTERESTING THAT THEY DIDN'T WANT FRIZZELL TO PROVE IT EITHER.
Posted by legaleagle on :
quote:Originally posted by will: That isn't proof, just more misinformation and conjecture to siut your contentions. Sorry, fella, not good enough. Try again.
AS CLOSE AS YOU'RE GOING TO GET UNTIL MAHEU UNLEASHES THE DOGS, AND FORCES SHORTY'S HAND. THEN YOU WILL BE ABLE TO SIT AND MENTALLY CALCULATE YOUR LOSSES.
Posted by Ric on :
Tango,
I trade shares like that all the time. Buy on rumors sell on news. I made money on CMKX too in the past. But what does one have to do with another as far as holding CMKX. SGGM will be revoked soon and the ones holding the day the final order is issued loses everything. And trading USCA and GEMM is fine, buy on low and sell on high.
But those that got divy's will have to pay some cost to get them unrestricted before they can sell. And thats if they will unrestrict them now that CMKX is no more. Those shares were given in exchange for CMKX rights and CMKX is selling off its assets. USCA may decide that the divy's will remain restricted forever and they can do that.
Now those holding CMKX and told to hold long will get burnt like any penny stock. Right now you can sell CMKX and buy ETGMF for three times the amount of shares as you will get from the divy's. If you believe that 400% dilution won't bring the price down then thats smarter then holder.
Whats smart investing have to do with these pumps on CMKX. Nothing.
Posted by will on :
Still not proof, more suposition, misinformation, misleading conclusions. Give us proof or withdraw your claim that an extreme NSS exists.
Posted by Ric on :
Thats the Maheu that hasn't been paid in forever because CMKX is broke. But hey, they have a warehouse full of diamonds right?
Posted by will on :
Another misleading position by legal. Fact : Maheu resigned, done, finished. There isn't any Maheu, there aren't any dogs to unleash. Misinformation !
Posted by TANGO42 on :
RIC; My money is already in the bank; The divy's will or will not come about; CMKX may be revoked; ALL TRUE- DO I CARE; NO I have used UC PR's since 2000 and sit at a nice profit - I did not sit in these rooms and whine about everything.Day after Day , Month after Month and for some years. I hope CMKX goes away just to release you all. AND THAT IS MEANT AS A BLESSING
Posted by Doctoall on :
quote:Originally posted by legaleagle: Doc, why would they put valuation into a company that they had no plans to continue with? Into a company that was suffering on the largest NS in history. Please note that the Casavants entered into Entourage around the first of January. Are you thinking that they just started planning this?
I am thinking that they had their next scam planned well before CMKX went bust Posted by Highwaychild on :
What about BBAN man on the BOD? Hadn't heard anything about him. Remember, Snoop Dogg & Wesley Snipes former manager. And what about Rupert Purin I believe it was, is he still with CMKX Legal?
Posted by will on :
"Into a company that was suffering on the largest NS in history"
PROVE IT!
Posted by Ric on :
quote:Originally posted by Doctoall:
quote:Originally posted by legaleagle: Doc, why would they put valuation into a company that they had no plans to continue with? Into a company that was suffering on the largest NS in history. Please note that the Casavants entered into Entourage around the first of January. Are you thinking that they just started planning this?
I am thinking that they had their next scam planned well before CMKX went bust
I think UC knew there was no way he could sell more shares after the SEC contacted him and Roger back in Dec. 2004 and told them they had to file. So they had to find a new scam fast and had to cover up the P&D they did with CMKX. Thats why they fought revocation to begin with. To give them the chance to cover up the past and start a new.
Posted by legaleagle on :
quote:Originally posted by will: Another misleading position by legal. Fact : Maheu resigned, done, finished. There isn't any Maheu, there aren't any dogs to unleash. Misinformation !
Will, once again you run at the mouth without checking your facts. Maheu isn't done.
"On October 21, 2005, the Board of Directors of CMKM approved the formation of a task force consisting of Mr. Robert A. Maheu, Mr. Donald J. Stoecklein, and Mr. Bill Frizzell for the purpose of assisting CMKM and Mr. Maheu, as a designated trustee, to conduct an orderly and verifiable pro rata liquidating distribution of any Entourage shares as reference herein and any other available assets of CMKM.
Mr. Maheu has been selected by the Board of Directors to oversee and facilitate the distribution of the Entourage shares and all other assets. Mr. Maheu has been directed by the sole officer and director of CMKM, Mr. Urban Casavant, to use all means possible, including filing appropriate actions in either Federal or State court, to assure that the bona fide stockholders of CMKM receive a pro rata distribution of the 50 million Entourage shares and any other assets of CMKM."
NOTICE HE WILL BE THE TRUSTEE. PLEASE READ THE REST OF THE 8K THAT DELINEATES THE DUTIES OF THE "TRUSTEE"
Posted by Ric on :
Whats not true. He resigned the BOD because he wasn't paid. He is no longer and officer or a employee of CMKX.
Yes he is a trustee of the task force to distribute the assets of CMKX which is folding tent. But I think that is just symbolic just as his position on the board.
Posted by tic_toc on :
What's so good about Maheu?
He built vegas with his mob ties, an ex spook that didn't think twice about plotting to kill Castro and is supposedly tied up with the JFK assasination and the wholed Watergate fiasco among other shady historical events. Anyone with that sort of past is a crook of the highest magnitude.
Posted by stockster5 on :
Remember the 'Graduate'? "Plastic!" Well, here's UC's new scam ...........URANIUM, son, Uranium. And it does look like UC was hustling for a new line of product last year when the writing was on the law. WHY IS LEGAL YELLING ALL OF A SUDDEN?? S5....
Posted by stockster5 on :
Also, the fact that Friz is on cmkm board looks to me like he was never a partner to the shareholders at any point. S5
Posted by stockster5 on :
Did CMKM ever claim of illegal listing on the Berlin Bremen exchange and naked shorts there? Because one of my stocks just PR'd about being on Berlin Bremen and blaming them for low prices. Then released another pr about illegal bashing posters on boards and how they are going after them. Sheesh, holy cmkx batman..............
Posted by Marty on :
quote:Originally posted by will: That's the oldest tactic in the book, Ric. Especially used by CMKX faithful pumpers. You ask them to offer hard proof of their claims , and they ask you to prove their claims aren't accurate or true. They don't debate or answer questions, they talk from both sides of their mouth.
Prove it legal. The burden of proof is on the one claiming that NSS exists regarding CMKX. The SEC says it wasn't shorted, it's not on the SHO list. There's two sources of proof it wasn't shorted. Prove them wrong and offer you proof that CMKX is shorted to extreme proportions.
THE PROOF OF NAKED SHORTING IS WHAT WE ARE AWAITING. THE ONLY ENTITY WITH THE PROOF IS THE SEC AND DTCC AND THEY AREN'T TALKING. WHY? READ FRIZZELL'S POST ABOVE:
"I have sued the SEC to get the fails to deliver information but have not been successful in obtaining that info from the SEC."
WHY HASN'T THE SEC RESPONDED TO LEGAL REQUESTS THAT COULD HAVE BEEN USED TO "PROTECT" THE SHAREHOLDERS THAT SO MANY HERE SEEM CONCERNED WITH? SIMPLY RELEASING THE TRUE NUMBERS COULD HAVE PREVENTED HUNDREDS OR THOUSANDS OF NEW SHAREHOLDERS FROM GETTING INVOLVED.
YOU KNOW THE ANSWER AS WELL AS I DO.
Posted by ed19363 on :
That's a new definition of "naked shorts"....LOL
Posted by bill1352 on :
here is a little math to refresh your memory legal. something you pointed out when talking about how long it would take to cover a short.
5 billion shares of cmkx traded daily on average for 3 yrs = 3 trillion shares. (if i remember correctly that over the number the t/a used in court) thats based on 200 trading days per yr. total reported volume is both buys & sells added together. from the master list we can prove about 1.5 trillion of that volume, thats 1 for the issue & 1 for the sell. that leaves about 500 billion per yr of combined buys & sells. the 5 billion number is probably about right, we know it had a number of 30 billion volume days & a large number of 5 to 10 billion days, the master list proves this. the first yr cmkx traded in the millions as using 3 yrs would go back to 2002. cmkx has had a very large number of 1 to 2 billion days. thus using a 500 billion per yr, not on master list number would probably pass all average standards. if you just subtracted the issue it would still be only 750 billion per yr of total volume.
500 billion....if 50% of that number was buys & long term holds you'd have 750 billion or just over the known o/s of 703.5 billion. (a number frizzy believes according to latest news.) any polling or average system used will tell you there is no way 50% would be bought & still held.
to have a 2 trillion o/s, real & naked combined that average daily volume would need to be at least 15 billion for 3 straight yrs. that did not happen but then i'm using normal ppl's math not cmkx cult math.
Posted by legaleagle on :
DR DIAMOND 10/28
The distribution is in certificate form so we can win. Please hear me out!
CMKM Diamonds - Authorized Outstanding Shares? – (703 billion) Company is responsible to cover - Legitimate – Bona fide shareholders -703,000,000,000 (apt to change) Qualify for distribution of Entourage and CMKX Assets to be paid by the company - Direct distribution from the Task Force After Share legitimacy is determined by Presentation of an authorized certificate From 1st Global Transfer signed by an Authorized officer of CMKX. Not one Share of the NSS position will be paid the asset distribution by the company. It would be illegal for the company to take “legitimate bona fide shareholders” distribution of the Assets and give them to a non share holder. Stay with me please!
Counterfeit – Naked Short Shares Non-authorized company shares – These shares are owed by MM/Broker/DTCC/NSCC) - SHORTY MM/Broker/DTCC/NSCC – Unauthorized O/S =Unknown Trillions Counterfeiters are responsible to cover Illegitimate – Naked short shareholders - Unknown trillions “qualify” for distribution of Entourage And CMKX assets to be paid or matched by the Counterfeiters/Shorty.- Distribution will be negotiated among Counterfeiters/Shorty as to who is responsible and who owes the payment to the shareholder. But, equal shares of CMKX distribution will have to be paid to all Electronic shares or shareholder action will be taken against the brokers who purchased illegitimate shares and placed them in their clients account. Many brokers have hedged their position with rules in place allowing them to reverse all trades and refund purchase price and transaction fees back to a determined date on any security. But in this particular instance I don’t think SHORTY has a chance! JMHO of course.
The CMKX Certificate Holders and the NSS position electronic holders of CMKX are in a position to make all CMKXers a bundle of cash and shares if this scenario is how Urban, Maheu, Stoecklein, and Frizzell intend to make the market cover.
It could be that Urban selected a company and a method that could expose the SEC/DTC/NSCC/& Co-counterfeiters. The deliverance of certificated shares of CMKX to the company for the Entourage and CMKX asset distribution will be answered by the company with certificated shares of Entourage and certificated shares of numerous CMKX assets distributed to the shareholders which cannot be electronically placed in a shareholders account.
Therefore, “Shorty”, whomever you determine that to be, that owes the entire NSS position is either forced to obtain matching shares for the CMKX certificate share distribution and issue them to the naked short shareholders of electronic shares or default and be brought up on charges.
If they choose to cover and I believe they have no choice:
1. Shorty will have to either begin buying into Entourage to obtain the necessary shares to cover the NSS position with (but they wouldn’t be restricted) and then pull certificates on them or they will have to approach Entourage and obtain the shares in a private placement of some sort and pay the shares legitimately.
2. Secondly CMKX owns 200 billion shares of SGGM. SGGM did not challenge a revocation a few months ago and therefore Shorty will have a difficult time legitimately covering these shares in certificate form. Shorty would have no choice but to get a private placement in SGGM which could net SGGM billions which could then be distributed to shareholders/us.
3. CMKX still owns at least 20 billion shares of CIM (Casavant International Mining), Ron Casavant – president, plus a 10% lifetime royalty, all of which will be distributed to CMKX shareholders. Shorty will have equal difficult times trying to obtain these shares in certificate form and also negotiating to get the NSS position an equal piece of the 10% lifetime revenues. Especially if CMKX stuck an OREO (humungous diamondiferous kimberlite pipe) or two in CIM before the transfer to Entourage. These monies, easily equaling billions of dollars as well could and should be paid to shareholders/us for a lifetime.
4. this holds true for USCA/UCAD, Shane Resources, United Carina, the American Mine and any other entity or asset that CMKX has tied the knot with. Each one equally valuable and capable of yielding millions and/or billions of dollars to be equally distributed to shareholders. The distribution is in certificate form so we can win.
The certificate holders initiate the plan by removing all legitimate 703 billion (or whatever it is) out of the TA and market permanently exposing Shorty. The certificate holders exchange the entire authorized and legitimate OS and put it in certificate form in the company’s hand.
As I said Shorty can’t cover the distribution with electronic markers or further NSS because payment will be in paper from the company. Then enters the pressure from the counterfeit shareholders (electronic shares not covered or pulled) as Shorty cannot fake certificates without having the U.S. Secret Service, CIA, FBI, and all of the counterfeiting enforcement agencies on their back. The SEC/DTCC cannot protect them if they counterfeit a stock certificate as that is exactly like counterfeiting U.S. Currency. We know Shorty is used to winning and rarely loses and will not be happy, but Shorty is not ignorant to the fact that Senators, governors, Attorney Generals, Representatives, Well known business men, etc… have been not only made aware of the circumstances surrounding CMKX, but some of them are shareholders. Shorty loves to win, but he doesn’t like getting worldwide exposure, going to jail, ruining the stability of the U.S. Economy, and still having to pay up on the backend.
If I am seeing this right, then the Certificated shareholders slam the door on Shorty because the company pays back and distributes in certificates to the shareholders. Nothing electronic can be permitted because that is where Shorty reigns supreme. You take the game out of Shorty’s arena and you break him down to size and he loses. Low Tech Rules! The electronic shareholders that couldn’t get certificates are the back breaking pressure for Shorty as he is forced to buy-in, match, settle, and pay out in CERTIFICATE Form to the company and then to the naked short shareholders or go directly to jail and ruin the stability of the U.S. Economy.
This plan, if Urban chooses to use it, would therefore include all certificate shareholders (bona fide) the covering of all NSS holders (electronic – non cert and non direct registered), because Shorty has to fork over certificated shares by buying to the companies he has to get them from. This makes all formerly illegitimate shareholders now legitimate shareholders in the distributed entities (companies) that have been included by CMKX’s distribution.
The monies generated from Shorty being forced to buy in to these companies generates cash dividends from all companies to the shareholders, of which we would all legitimately be shareholders, and when the settlements are paid out, we are still holding all of our shares in Entourage, CMKX, CIM, SGGM, GEMM, etc… that we started with, and more…
This is just an idea I had at how things could work out. Thanks for listening. These are of course just my opinions and I ask that you treat them as such.
Success is at hand.
Dr.D
Posted by Thorn on :
Question: Who is forcing the holders of CMKX shares (real or counterfeit) to convert them over to Entourage shares?
Posted by bill1352 on :
legal, we have been there & done that...3 times in fact. there was no cover. USCA, GEMM, CIM & since CIM is not traded it can't be shorted. now you think it will happen because why??? its a differant company??? same mistakes but expect differant results = insanity.
Posted by bill1352 on :
not being forced to convert Thorn. cmkx is closing its doors for good according to 8-K out sunday. everything was sold to entourage for shares. those shares are going to cmkx shareholders.
Posted by legaleagle on :
quote:Originally posted by bill1352: legal, we have been there & done that...3 times in fact. there was no cover. USCA, GEMM, CIM & since CIM is not traded it can't be shorted. now you think it will happen because why??? its a differant company??? same mistakes but expect differant results = insanity.
bill, you seem to forget "markers"
Posted by bill1352 on :
legal, that trash dr. d posted is why ppl that call cmkx a scam still post on this board. SGGM will not be trading very soon thus the shares cmkx holds are not assets. in accounting they go in the loss colume. if that isn't true then cmkx owes sggm some of the entourage shares. cmkx gave sggm 5% of all its claims for cash & shares. cmkx can not then sell off those claims without either sggm's ok & paying sggm a cut or paying back the cash & giving back the shares. in fact since cmkx is in default on those claims they probably owe sggm something. that is if there was a sggm. its revoked & everyone went home. & thats just section 2 of dr. d's trash.
Posted by Thorn on :
quote:Originally posted by bill1352: not being forced to convert Thorn. cmkx is closing its doors for good according to 8-K out sunday. everything was sold to entourage for shares. those shares are going to cmkx shareholders.
So then, there really is no accountability on the part of the ns holders, right? I mean, it would instead be up to Entourage to submit the shares. Seems to me that IF there are any ns shares that the holders can just sit on them. I don't see anything being exposed, least of all some counterfeit shares (if they even exist).
Posted by ed19363 on :
Methinks Dr.D and legal (and some others) just like to hear themselves talk. Just a bunch of self-serving drivel, IMO. If this, if that, if another thing.
Posted by Ric on :
The only problem with that theory is NNS for one which isn't proved. Even Frizzy finally admitted that.
But in the fairyland were NNS is possible, all the DTCC had to do is issue NNS shares of entourage to cover those in CMKX. And since this amounts to a 14,000:1 R/S then they would even have to short it that much.
Posted by santacruzblur on :
quote:Originally posted by legaleagle:
quote:Originally posted by will: Open to interpretation.
Just prove that it is or was shorted to an extreme.
OPEN TO INTERPRETATION?????? LOL
IT'S VERY CLEAR. THE JUDGE ASKED IF THEY WANTED TO STIPULATE THAT CMKX WAS NAKED SHORTED. THEY SIMPLY STATED THEY DIDN'T WANT TO STIPULATE IT. AND IT'S ALSO INTERESTING THAT THEY DIDN'T WANT FRIZZELL TO PROVE IT EITHER.
They didn't want Frizzell to do anything because he had no business being there!!!! He milked investors out of $100k+.... he even had the nerve to have a Paypal button for covering the fees of "investors who are less fortunate".... what a F'n joke! This whole thing!
Posted by Ric on :
And also, most brokerage house have a clause in there contracts that says basically if they don't recieve shares or cash in a dividend then they are not obligated to cover it.
Posted by santacruzblur on :
quote:Originally posted by legaleagle:
quote:Originally posted by will: That isn't proof, just more misinformation and conjecture to siut your contentions. Sorry, fella, not good enough. Try again.
AS CLOSE AS YOU'RE GOING TO GET UNTIL MAHEU UNLEASHES THE DOGS, AND FORCES SHORTY'S HAND. THEN YOU WILL BE ABLE TO SIT AND MENTALLY CALCULATE YOUR LOSSES.
The only thing Maheu unleashes are the straps on his Depends undergarmets!
YOU JUST QUOTED THE TRIAL ABOUT THE NSS..... WHY DON'T YOU QUOTE MAHEU? ANSWER.... THE POOR OLD MAN KNOWS NOTHING!!!!!!!!!!!!!!
Posted by ed19363 on :
So none of us will get crap unless we have the certs?
Posted by Ric on :
Ed, I would bet everyone will get there shares. No NNS has been proved. Everyone got there other divy's. Whether it was what they expected or not.
Posted by g-invest on :
What makes you think that even if there was naked short selling that the MMs would somehow need to cover now?
I want to know why MMs would waste their time NSS a pink sheet stock when they can make so much more by NSS companies that are about to collaspe.
A good example of this was MLXO. I bought in at .08 and .03, Cornell capital shorts it down 4 million around Mid-March or so, then covers in early October.
These companies don't have to turn to the Pinks to make money. They short the companies on the NASDAQ and AMEX till they BECOME Pinks to make money.
Posted by bill1352 on :
as ric & i have proven to get the NS the cult believes exists cmkx's volume would have had to be around 15 billion per day for 3 yrs. DIDN"T HAPPEN!!!!!
Posted by Upside on :
i really didn't think th share of ETGMF would be restricted. Thought they would do one good thing for the shareholders but I guess I was wrong. They are restricted shares.
CDLIC God of Diamonds Joined: Aug 2004 Gender: Male Posts: 4,710 Location: http://tinypic.com/evayw4.gif Entourage Pres:"Yes, PR Today +Drilling Plans etc" « Thread Started on Today at 3:12pm »
-------------------------------------------------------------------------------- Hi All,
I just completed a very enlightening, 10-minute call with Mr. Kennedy, President of Entourage.
Here is how the call went:
The phone rang about ten times. A man answered with "hello." I asked who this is. He sounded a bit flustered. He said "Is this a CMKX shareholder...." I said yes. He said " I am so busy, I wish you guys would stop calling today....we are attempting to get things done, however, we cannot because of all hundreds of CMKM calls...you know we are a small company and don't have the staff to cover these calls." [He was getting more upset as he spoke].
I replied stating that I can help him out by letting everyone know on the Boards he and his staff are presently in call-overflow, thus, by me posting such, it should help cut down the calls to him. He paused and said he apologized for "sort of barking at me...." however, he is sure I could understand his frustration. I said I indeed can. [Some small talk for a minute or so].
I then told him I was just calling to ask about the possibility of receiving information regarding the private placement offering by Entourage. He said he could provide me with such. He also said that “I am just attempting to get everything together, all the schedules, to make sure everything is correct on the transfer before I file it. I am hoping to get an announcement out today as to how we are doing and everything; it looks like it is going to happen if I can just clear the decks for about a few hours today." [Some more small talk].
I said thank you, and offered to end the conversation. He said "I am happy to answer whatever questions you may have at this time because I am actually enjoying the conversation."
Here are the questions I asked, with his answers:
Q: Will our dividends be restricted? A: Yes, they will be restricted. However, once the shares are distributed by CMKM, we will do our utmost to register the dividend share so they will become free-trading. I would be foolish to issue $50 million free-trading shares with only $18 million out; they could be voting against me within a week if I did so or pounding on them (I believe he means selling them overnight). I been at this for quite some time; I use to be a broker and understand this area well. We did make some provisos in the agreement that the CMKM shares will be meted out, I don't know how exactly how they will do it, and it is not really my call, but I will instruct the trustee, or whom ever will do that, that to satisfy their requirements, [he said something at about this point that he did not know how CMKM was going to meter out the shares, and is not really his call] I will file the proper docs and do my utmost to get those shares free-trading, but there are no guarantees on doing so. All shares will be given to CMKM at the same time. He will be in touch with whom ever will be responsible for metering-out the shares.
Q: Will the private placement shares BE restricted in the present private placement you are offering and plan to offer?A: Yes, everything will be restricted. The private placement we issued late last year in December/Jan, are also restricted, however, those restrictions will be coming off this December (NOTE: those are the shares that the Casavants and Koch own~ this was not stated in the conversation; it is being written by me know to point out such).
Q: Do you have the money to seal the deal with CMKM today?A: I am waiting for a couple other subscription agreements and checks to come, and they are not here yet...and we have a couple of hours to go today.
Q: Do you have the sites and targets picked where you are going to drill on some CMKM claims?A: Actually, Rick Walker from United Carina is actually line-cutting in the next two weeks on the Hatched Lake property. There are ten to twelve holes on the Saskatchewan /Smeaton property [the Forte a la Corne] --his estimation. He had not spoken to the people at Nevada Minerals as yet to get a full picture of that property.
My take on this, and it is just my opinion, think this is going to be a very good think for everyone. We have a lot of experience in what we are doing on this; my partner has already found a diamond mine in Northern Canada--it is not in production as yet--but it will be; DeBeers is their partner with up to 60% interest in the project. We are going to do our best to move this project forward quickly, and if we can just get over this little hump--everyone calling and everything--get everybody settled down and enjoy the scenery.
We will actually be doing our utmost to get some drills working as soon as we can--I can't give you any time-lines. Our task is to get things up-and-running.... look at what these properties have got and find out whether or not there is anything is in the ground. Let's get to the bottom of what these properties may or may not have.
Q: So, you do expect to get a PR out today if all goes as planned? A: Yes, I really want to get it out! Just see if you can assist in stopping the CMKX shareholders from calling for today.
I found Mr. Kennedy to appear to be sincere, energized, excited about the deal with CMKM, and really wanting to find out if there are any minerals/diamonds on the CMKM claims.
Onward,
CDLIC
Posted by cobracobra on :
EFF U URBAN.... let me guess all part of the plan, i know the plan, steal my money and then pawn me off to your kids and sisters and brothers and nephews and friends to try to get some for them to. Oh boy i get a couple token Entourage shares (kinda like the free sample of heroin to get you hooked in) And restrict them so you ensure that i am here for another Year or two....great more restricted shares, Kinda funny that all the ones that Uc's family got are coming on line now because the year is up in december for their resticted shares. And while you string us along while we buy Entourage to get the price up --your family can sell the shares they FRONTLOADED>>>> Knowing that you were giving the land (yes i mean GIVING because all those claims would be worth more to debeers or others in the diamond industry) And what do i get out of this deal???? ,,,, I get a revoked company, thousands of dollars in shares of a company with no claims, restricted shares that will be part of a group of shares that will dilute Entourage by 200% ---and UC et al get free trading shares as of next month a YEAR before the dilution shares will be released. Well I feel better about this deal GGGGRRRRRRRRR>......... I never liked it and i think it REAKS of frontloading insider trading. It is not only ilegal to sell on inside info, it is also illegal to BUY on inside info. FRIGGIN THIEF. Did you really think this would be ok with us??? I HOPE YOU GO TO JAIL!!
Posted by Ric on :
Just remember that the final order isn't final until its delivered to CMKX. So there may be some trading Monday. I bet pps will be nothing. Well, even worse nothing, lol.
I can see this like the USCI thread when there was some phantom trade after it was final and they made up wild dreams that it wasn't over. LOL
Posted by cobracobra on :
its over,,, as a long supporter, even i agree ,,,,It is finished now
Posted by Ric on :
Whats up with the profit Jay claiming there was no way CMKX would be revoked. That the SEC was too scared to do it.
Posted by cobracobra on :
Frig Jay....
Posted by tic_toc on :
Posted by tic_toc on :
Posted by Upside on :
quote:Originally posted by Ric: Just remember that the final order isn't final until its delivered to CMKX. So there may be some trading Monday. I bet pps will be nothing. Well, even worse nothing, lol.
I can see this like the USCI thread when there was some phantom trade after it was final and they made up wild dreams that it wasn't over. LOL
And I'll bet that many of the "faithful" will be buying on Monday if possible.
Posted by ed19363 on :
Pr just after closing bell. Entourage got the money, so this is a done deal.
Posted by toddr545 on :
tictoc, please don't post pics like the first one. that's pretty bad
Posted by Binky on :
quote:Originally posted by Upside: I'm sure that somehow this is good news:
------------------------------------------ Appears to be good news to some investors.
------------------------------------------
From Ivory on the good time board -----------------------------------
It took them no time to think.LOL which has amazed me today...I believe they(SEC)have done the right thing and some of us have expected that would happen. They did it so quick and the way the TEAM has asked for. They have either to halt CMKX or to revoke CMKX because of our GOOD dividends are coming. Think it this way that Frizzell has to declare the record date before dividends can be distributed. The time b/w the Declaration date and the Record date could be 10 days which everyone would buy CMKX like crazy due to the too good dividends. This would drive to volume bananas and everthing else go nuts so the SEC....The TEAM & SEC did not want to see this buying Frenzy in CMKX to happen...Just a thought!
Posted by Marty on :
Ric says it best. Notice the slurrping...LOL:
quote:Originally posted by Ric: Here is some good ones Marty
pb60
pb49
quote:Originally posted by Binky:
quote:Originally posted by Upside: I'm sure that somehow this is good news:
------------------------------------------ Appears to be good news to some investors.
------------------------------------------
From Ivory on the good time board -----------------------------------
It took them no time to think.LOL which has amazed me today...I believe they(SEC)have done the right thing and some of us have expected that would happen. They did it so quick and the way the TEAM has asked for. They have either to halt CMKX or to revoke CMKX because of our GOOD dividends are coming. Think it this way that Frizzell has to declare the record date before dividends can be distributed. The time b/w the Declaration date and the Record date could be 10 days which everyone would buy CMKX like crazy due to the too good dividends. This would drive to volume bananas and everthing else go nuts so the SEC....The TEAM & SEC did not want to see this buying Frenzy in CMKX to happen...Just a thought!
Posted by bill1352 on :
"The Private Placement has been closed in escrow and, upon the cheques being cleared and proceeds being received by the Company, the Company will issue 7,000,000 units, each unit comprised of one common share and one share purchase warrant exercisable for a period of two years at an exercise price of USD$0.25 per warrants. The price per unit was USD$0.15."
from the pr today...notice the price & the total shares. 14 million total common shares, the first at .15 & the second at .25, thats 2 shares per unit. or .35 for 2 shares. when the only way to get money is sell your stock at a 50+% discount something is about to change & it isn't a good thing. makes ya wonder if it isn't more of the money UC got selling cmkx shares. & that will not help cmkx the company or the cmkx shares legal.
Posted by Ric on :
Bill then too UC and family restricted shares they were given last Dec. will be unrestricted this Dec.
Now the shares that CMKX shareholders get will be restricted and the Casavant that frontloaded this stock will get to dump there shares before CMKX shareholders and the warrants. So they should get a sweet deal.
So the question of the day is. How large will the o/s be by the time CMKX shareholders get to trade their shares and with that dilution then what do you think there PPS will drop to?
I tried to tell people they would be better off to sell CMKX and buy ETGMF if they were dead set on holding this. They would have been a lot better off.
Posted by Ric on :
Where's legal at? Trying to make up a new theory before he comes back in here to cover up this new mess of facts. These pesky facts just keep coming up to bite the cult in the butt.
Posted by BCmouser on :
Anyone stupid enough to jump into ETGMF at these prices after the last fiasco with CMKX deserves to lose their dough. Just look at all the fatcats loading their pockets with cheap paper. & MILLION shares * .15 and warrants for .25 I wouldnt buy this until it drops to a nickel and then it would be just for a daytrade. Now shorting it here -that has some merit. LOL
Posted by bill1352 on :
if you could short OTC stock BC i'd call that a sure thing for entourage. it would be money in the bank....lol
Posted by bill1352 on :
by the way nothing in todays pr says anything about the units being restricted. the warrents are good for 2 yrs, thats the only condition on anything. 1 would think if restricted it would be not only important but a good thing for the pps to state that. another thing didn't UC's family buy in january or febuary not december as that 1 post implied? not saying it is but that could be 2 differant things.
Posted by stockster5 on :
FINALITY ORDERS... CMKM and SGGM UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Rel. No. 52694 / October 28, 2005 Admin. Proc. File No. 3-11858 In the Matter of CMKM DIAMONDS, INC. ORDER DISMISSING REVIEW PROCEEDING AND NOTICE OF FINALITY On August 5, 2005, the Commission granted the petition of CMKM Diamonds, Inc. for review of an administrative law judge's initial decision. 1/ On October 26, 2005, CMKM Diamonds requested that its petition be withdrawn and that the Commission make the initial decision of the administrative law judge, and her order revoking the registration of the company's securities, final. It is appropriate to grant CMKM Diamonds' requests. Accordingly, it is ORDERED that this review proceeding be, and it hereby is, dismissed. Notice is hereby given that the initial decision of the administrative law judge has become the final decision of the Commission with respect to CMKM Diamonds, Inc. The order contained in that decision revoking the registration of the securities of CMKM Diamonds, Inc. is hereby declared effective. For the Commission by the Office of the General Counsel, pursuant to delegated authority. Jonathan G. Katz Secretary 1/ CMKM Diamonds, Inc., Initial Decision Rel. No. 291 (July 17, 2005), __ SEC Docket __.
Posted by stockster5 on :
does that mean no more trading of shares allowed or is there a wait period till trade halt.
Posted by bill1352 on :
i'd say trading is over...does this mean i can finally remove cmkx from my watch list???....lol next up is SGGM & trading will end very soon there too.
Posted by bill1352 on :
i thought the cult said the SEC was afraid to end cmkx???...lol i guess this is another proven point for the basher boys. it is a sad day that so many ppl that saw & believed the likes of dr. d & pals had to lose so much money. UC needs to be in jail.
Posted by stockster5 on :
Sggm has it's own finality order as of today.
Posted by stockster5 on :
So now all the action moves to usca and gemm, at least the old names yet.
Posted by stockster5 on :
Okay, this question borders on ignorance or lack of brain cells at this moment but, when I buy 1k shares of ABCD company, don't I purchase somebody's existing shares, like a commodities contract which just keeps changing hands. Doesn't the fist n # shares issued by ABCD return cash to that company, then resold to common shareholders. etc.
Posted by Ric on :
quote:Originally posted by bill1352: if you could short OTC stock BC i'd call that a sure thing for entourage. it would be money in the bank....lol
Hey Bill Ameritrade is going to start allowing shorts of OTCBB's. This maybe my first otc short.
Posted by stockster5 on :
disregard that posted question, I found invstopedia.com that puts it all in laymen terms. thanks S5
Posted by Ric on :
quote:Originally posted by bill1352: by the way nothing in todays pr says anything about the units being restricted. the warrents are good for 2 yrs, thats the only condition on anything. 1 would think if restricted it would be not only important but a good thing for the pps to state that. another thing didn't UC's family buy in january or febuary not december as that 1 post implied? not saying it is but that could be 2 differant things.
That came from a call to Entourage today by CDLC on pb32. Not to say if its fact but he supposely ask if they were restricted and the CEO told him yes. Also it came out that Casavants and Koch had private placement restricted shares that become free trading in Dec. They were issued last Jan. and Dec. according to the CEO
Posted by Mini Me on :
quote:Originally posted by Ric:
quote:Originally posted by bill1352: by the way nothing in todays pr says anything about the units being restricted. the warrents are good for 2 yrs, thats the only condition on anything. 1 would think if restricted it would be not only important but a good thing for the pps to state that. another thing didn't UC's family buy in january or febuary not december as that 1 post implied? not saying it is but that could be 2 differant things.
That came from a call to Entourage today by CDLC on pb32. Not to say if its fact but he supposely ask if they were restricted and the CEO told him yes. Also it came out that Casavants and Koch had private placement restricted shares that become free trading in Dec. They were issued last Jan. and Dec. according to the CEO
Ric,
According to the article released by Stockwatch yesterday,them shares became unrestricted on May 1st of this year.
Posted by ed19363 on :
The only good investment at this point is in KY jelly. We're gonna need a lot of it.
Posted by bill1352 on :
Ric, let me ask you this....somebody posts they talked to somebody on the phone at PB32, do you believe them????....lol. even if it sounds true like that post does............short OTC???? any costs involved??? must go investigate that. shorting OTC would be too easy...lol
Posted by Ric on :
Never meant it as the truth just saying where it came from. As far as the supposed phone call.
Ameritrade Apex Newsletter 9/20/2005
New site feature: More ways to trade small-cap stocks
It's now possible to short sell stocks under $5 on our Web site. Another change coming soon will deliver quotes for pink sheet securities on the site, providing you with access to more information when and where you need it.
When trading OTCBB and pink sheet securities, please understand that they can be very volatile and are frequent targets of fraud and manipulation. When trading them, it's important to understand that you may lose your entire investment.² In addition, the risk of loss on a short sale is potentially unlimited (since there is no limit to the price increase of a security). Because there's no guarantee that a brokerage firm can continue to maintain a short position for an unlimited time period, your position may be closed out by the firm without regard to your profit or loss. You may only short sell securities in a margin account. Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Margin is not available in all account types.³
Good Luck and be careful, Steve
Posted by Trista1 on :
R.I.P. CMKX it's about time this disease ridden dog finally died.
Posted by legaleagle on :
You can hope Trista, but this old dog is a long way from being dead.
Sorry I missed all the excitement Friday. Took a two day holiday with the family, yesterday and today. Went up to Lake Michigan for a little R&R.
So I'm rested up now and ready for an exciting week next week.
But I guess many of you will not be here since it looks like there won't be any more trading and so no newbies will be enticed into buying and they won't need the "Allstocks Saviours" team anymore. Right?
LOL, you'll all still be here because you know this isn't over. Even revoked, not trading, ther is no other stock like this one. Never was, never will be again.
If you all think that Maheu gave up, tucked tail and ran, you really haven't studied this guy much. Wait til you see what's coming next. LOL
[ October 29, 2005, 23:08: Message edited by: legaleagle ]
Posted by Monopoly Money on :
You are correct no other stock on any exchange globally has 703 billion OS and after what has been going on with CMKX i seriously doubt there ever will be another ticket with that much OS again.
*just pointing out the obvious*
quote:Originally posted by legaleagle: You can hope Trista, but this old dog is a long way from being dead.
Sorry I missed all the excitement Friday. Took a two day holiday with the family, yesterday and today. Went up to Lake Michigan for a little R&R.
So I'm rested up now and ready for an exciting week next week.
But I guess many of you will not be here since it looks like there won't be any more trading and so no newbies will be enticed into buying and they won't need the "Allstocks Saviours" team anymore. Right?
LOL, you'll all still be here because you know this isn't over. Even revoked, not trading, ther is no other stock like this one. Never was, never will be again.
If you all think that Maheu gave up, tucked tail and ran, you really haven't studied this guy much. Wait til you see what's coming next. LOL
Posted by legaleagle on :
gluggo Diamond Hunter
member is offline
Joined: Sept 2005 Posts: 48 14C DD thru Guru PhnxGold « Thread Started on Today at 7:43pm »
-------------------------------------------------------------------------------- Let’s study the 14C since we all sort of try and avoid this subject. Since were revoked the argument is that now the majority insiders 85.8% controlling interest has been neutralized. I am still trying to figure out how exactly this works. I have listened to PhnxGold before and he knows how to explain it but then I get lost. Maybe we can work together to understand this. 14c document; http://www.sec.gov/Archives/edgar/data/1092299/000111776803000002/schedule.htm CMKI Rights agreement; http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=1993760&doc=4&total=7&back=2
By: phxgold 13 May 2005, 09:24 AM EDT Msg. 213865 of 274982 Jump to msg. # long winded explaination of some dd part 1 after a conversation yesterdaythat showed me my thinking on "the sellers" in the 14c and theyre holdings was flawed I was forced to dig deeper. this is what I came up with. "the sellers" as referred to in the 14c are people that uc owed money, they loaned him the money that uc used to stake the claims is what I gather. I do not believe they knew where the money was going. uc then went into default on the payments. The cmki shell was bought and uc allowed the sellers to come in under forbearance agreements meaning they bought a 4.9% stake in the company for 2million a piece. for all of the forbearance agreements it was a total of 85.8% of cmki. we all know this. Now thinking logically one would deduce that as the a/s increased the sellers would have theyre shares increase to maintain theyre percentage of holdings, I mean who in theyre right mind would vote to dilute theyre stake in a company? Well here is where it gets interresting who in theyre right mind would settle for 4.9% of very valuable diamond claims when they can have the whole enchelada? how you ask since it specifically states that the sellers were bound under a share pooling agreement and couldnt just vote to boot uc out. Heres how. in document 4 of the 14c subsection 8.3 under bankruptsy and recievership if the company goes bankrupt or any of its assets are placed in recievership (heaven forbid uc does anything that could wind him up in jail) the sellers get the claims, uh oh here we go now. so the sellers vote to increase the a/s thus diluting theyre ownership but also devaluing the shares on the market they hook up with an mm and a hedgie then they short cmkx against theyre own holdings which are unregistered btw so it would have to be done in such a way it dosent hit the tape hmmmm how do you do that? lol ok as theyre shorting theyre own shares and driving the price down they also buy on the open market regaining majority control. once that control is regained they vote to increase the a/s again and it continues. and there is nothing uc can do about it. he only holds 8.3%. a good way to verify this may have been what was happening is to look at the articles of ammendment in the 8k recently filed. in feb maj ownership was 51% IN MARCH AFTER AN INCREASE THAT WOULD HAVE DILUTED MAJ OWNERSHIP THERE WAS ANOTHER VOTE WITH 56% MAJ OWNERSHIP. Ok so in march 2004 cmkxtreme uc's private company invested into csii who had just bought deleeuw and associates. deleeuw and associates tracks money laundering and works in patriot act stuff and securities tracking. LET THE GAMES BEGIN.
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=213866 By: phxgold 13 May 2005, 09:25 AM EDT Msg. 213866 of 274982 Jump to msg. # long winded explaination of dd part 2 so the o/s is no 500billion and we know that the sellers held at least 51% at that time. there was a meeting in canada and uc came back from that and ammended the articles of incorporation to increase the a/s to 800b but note that document was the only a/s increase not voted on by majority shareholders. so I looked into the rules on the nevada sos site. In the rules it states that ammendments must be voted in by maj shareholder vote unless included in the amendment that it would not be and was decided on by the entire bod. now when did desormeau get the boot? so now we have an a/s of 800b think back to uc's 8.3% in escrow 5% of that is 5% beneficial owner under royaltie stipulated in the 14c so 8.3% of 703b is 60b add that to 300b makes 360b which just so happens to be majority ownership. I believe that is why we arent seeing any share retirement and uc was saying he was buying every share he could get his hands on. He wasnt lying imo he just cannot retire and give up his newly regained 51%. Also I was wondering why all of the claims were migrating to the 025 sask ltd company out of all the other companies. its simple, the 025 company isnt in the 14c. so even if something happened to uc or the company went #### up the sellers dont get jack. now to the naked short. If the sellers were shorting against theyre own shares those shares were unregistered so they would need to be part of the hedgie they were utilizing so they would be essentially selling to themselves. Now if it looked like the company was dumping which it would to the mms it would become a feeding frenzy and they would short the heck out of it thinking they could cover if need be. but there is now way they could because the only real shares were being recycled from seller to seller thru hedgie. so the nss are real and that means all of them. Now that uc holds 51% and the sellers cannot increase the a/s in order to cover theyre short position thru the hedge fund. and theyre shares cannot be registerred as uc wont sign off on them to let them cover theyre short position with them. Theyre stuck. and the market makers are stuck with the nss. That would make sense of all the bashers sure there are disgruntled shareholders but there are paid bashers. both sent by the sellers and the mms see who is now in competition to cover theyre position? thats right the mms and the sellers who tried to burn uc. Isnt it funny that the only thing holding us back from making this happen is the financials that desormeau has remember that cmkx has filed taxes and desormeau was cfo so he has them. why would he be holding out on handing them over? Because if and when we file its all over th sellers are ruined and will probably go to prison and the mms will be theyre biggest competition for shares. wanna see someone squirm? order your certs not all but if we do have 60,000 shareholders and everyone ordered 10mill in certs this thing would be primed for takeoff. all jmo but I cant find a question that isnt answered easily by this scenario. so whatcha think? ~Phx
Posted by cobracobra on :
leagal, if that cancelled 600 Billion thing is true i will kiss you dead on the lips,,,, I mean that in a manly sorta way of coarse.LOL
Posted by Ric on :
But legal the Official TA master shareholders list says that isn't true. I know you try and tap dance around that by saying its flawed even though the TA gave it to a official court under a subpena, where they could go to jail for not giving the true documents. Then again you probably will go off on the companies and individuals you listed earlier except for the fact that they surrendered their shares. But the cult refuses to look at the facts only what they want to here. They take a doom and gloom document and take one word out of it and make up a complete fairytale. But please buy the last few shares you can of this stock Monday morning before trading stops on Phx recommendation.
Posted by RiescoDiQui on :
quote:Originally posted by Ric:
quote:Originally posted by bill1352: if you could short OTC stock BC i'd call that a sure thing for entourage. it would be money in the bank....lol
Hey Bill Ameritrade is going to start allowing shorts of OTCBB's. This maybe my first otc short.
Hey Ric, where did you hear that? I wish it were true. Could make millions.
Posted by ed19363 on :
Might be a good deal to short entourage a couple million. Hell, if the MMs can make money doing it, why not us?
Posted by Ric on :
quote:Originally posted by Ric: Ameritrade Apex Newsletter 9/20/2005
New site feature: More ways to trade small-cap stocks
It's now possible to short sell stocks under $5 on our Web site. Another change coming soon will deliver quotes for pink sheet securities on the site, providing you with access to more information when and where you need it.
When trading OTCBB and pink sheet securities, please understand that they can be very volatile and are frequent targets of fraud and manipulation. When trading them, it's important to understand that you may lose your entire investment.² In addition, the risk of loss on a short sale is potentially unlimited (since there is no limit to the price increase of a security). Because there's no guarantee that a brokerage firm can continue to maintain a short position for an unlimited time period, your position may be closed out by the firm without regard to your profit or loss. You may only short sell securities in a margin account. Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Margin is not available in all account types.³
Good Luck and be careful, Steve
I posted it above for bill, but it came to Ameritrade APEX members through e-mail. Haven't tried it so can't tell you much about it or whether you have to have an APEX account with Ameritrade.
[ October 30, 2005, 00:06: Message edited by: Ric ]
Posted by Ric on :
quote:Originally posted by legaleagle: You can hope Trista, but this old dog is a long way from being dead.
Sorry I missed all the excitement Friday. Took a two day holiday with the family, yesterday and today. Went up to Lake Michigan for a little R&R.
So I'm rested up now and ready for an exciting week next week.
But I guess many of you will not be here since it looks like there won't be any more trading and so no newbies will be enticed into buying and they won't need the "Allstocks Saviours" team anymore. Right?
LOL, you'll all still be here because you know this isn't over. Even revoked, not trading, ther is no other stock like this one. Never was, never will be again.
If you all think that Maheu gave up, tucked tail and ran, you really haven't studied this guy much. Wait til you see what's coming next. LOL
Ah, come on. We have to wait to hear you and Debi come in here and say you were mistaken and we were right.
Posted by BuyTex on :
I'm down--lol, doubt Scottie is...
Posted by Ric on :
Who's scotty, lol
Up late there BuyTex.
Posted by BuyTex on :
scottrade--
ya, came in from a party with my sound-crew, lol
I don't care what they say rock n roll is here is to stay!
Posted by Ric on :
Sounds like fun, so rock on.
Posted by legaleagle on :
quote:Originally posted by Ric: But legal the Official TA master shareholders list says that isn't true. I know you try and tap dance around that by saying its flawed even though the TA gave it to a official court under a subpena, where they could go to jail for not giving the true documents. Then again you probably will go off on the companies and individuals you listed earlier except for the fact that they surrendered their shares. But the cult refuses to look at the facts only what they want to here. They take a doom and gloom document and take one word out of it and make up a complete fairytale. But please buy the last few shares you can of this stock Monday morning before trading stops on Phx recommendation.
LOL, Ric. OK, let's consider that document as the true OS. When was it dated? How many months have passed since it was composed? How much has changed?
If the company knew the correct sharecount, then the divies would have been issued in the correct amount to cover eveyone. Why did they have to issue "markers" to so many?
Why did AMTD find it necessary to bypass the DTCC and buy their own certed shares directly from the company? 180,000,000,000 shares,yes that's billions, to cover their naked short. None of the other major brokerages covered.
The naked short is apparent, and it is massive. These maneuvers by the company were designed to lock it down if there was no settlement. The SEC didn't want to participate in locking their buddies into it, but CMKX has forced their hand.
And there is so much left to come.
Posted by legaleagle on :
WHAT ASSETS ARE STILL IN CMKX THAT WILL BE DISTRIBUTED TO SHAREHOLDERS?
edro2004 God of Diamonds
member is offline
Joined: Apr 2005 Posts: 1,510 Re: What assets are NOT AVAILABLE to Entourage? « Reply #4 on Yesterday at 8:43pm »
What a funny list. #1 is the only one that I see that is a question about as a possible good asset.
CMKX = No money, can't pay Maheu, Can't pay for exploration, UC closing up shop and stepping down from the company.
So how is CMKX going to pay 2 million to Nevada Mineral's. This means Nevada Minerals gets Ecuador ~ American Mine Shaft
200 billion SGGM seems to have disappeared but even if it is laying around somewhere it is revoked and under SEC rules no broker/dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction of a revoked stock (SEC rule not mine). If your shares are with a broker then they can't give you revoked shares as divy's. Hey I didn't make the laws.
CIM was a pipe dream that UC made up to sell more shares. Whether you believe that or not it didn't go public like promised and no one has any proof that it is even more then a marker in CMKX shareholders account and has been dead forever. The 10% for life is a cult dreamed up theory with absolutely no facts to back it up.
I think bill already said why there is no second Gemm divy so I will let him explain that one again.
Posted by Ric on :
A long time cult member, CDLIC, that recently became reformed to the good guys side on pb 32 was banned last night for going on a UC should go to jail rampage. He was a strong backer at one time but seen the light and was even a moderator of the Hurricane relief forum on that board. Then too long time pumper Georgeburns is on the short list to be booted after his recent turn to the light.
I think legal should contact this member and invite him to a new home here where he will be appreciated for his wisdom in calling UC a crook.
Posted by Ric on :
By: joescambuster 30 Oct 2005, 12:36 PM EST
MORE BAD NEWS FOR ENTOURAGE HOLDERS:
From a recent ETGMF filing -
"Because management has only limited experience in resource exploration, the business has a higher risk of failure.
Our management, while experienced in business operations, has only limited experience in resource exploration. None of our directors or officers has any significant technical training or experience in resource exploration or mining. We rely on the opinions of consulting geologists that we retain from time to time for specific exploration projects or property reviews. As a result of our management’s inexperience, there is a higher risk of our being unable to complete our business plan."
Posted by Ric on :
I know how legal loves to post suits against so called bashers so I think he will really like this one from another point of view.
By: jcline 30 Oct 2005, 12:39 PM EST Msg. 275205 of 275212 Jump to msg. # More to come....SEC Charges 44 Stock Promoters in First Internet Securities Fraud Sweep
Purveyors of Fraudulent Spam, Online Newsletters, Message Board Postings, and Websites Caught
Washington, D.C., October 28, 1998 – Following an unprecedented nationwide sweep, the Securities and Exchange Commission today announced the filing of 23 enforcement actions against 44 individuals and companies across the country for committing fraud over the Internet and deceiving investors around the world.
The sweep, the first orchestrated coast-to-coast operation by the SEC to combat Internet fraud, involved actions filed by SEC offices in Atlanta (1), Boston (1), Chicago (3), Denver (3), Fort Worth (2), Los Angeles (2), Miami (2), New York (2), Philadelphia (1), Salt Lake City (1) and Washington, D.C. (5).
The 23 cases involve a range of Internet conduct including fraudulent spams (Internet junk mail), online newsletters, message board postings and Web sites. The allegations include violations of the anti-fraud provisions and the anti- touting provisions of the federal securities laws. The authors of the spams, online newsletters, message board postings and Web sites unlawfully touted more than 235 Microcap companies, by either: (1) lying about the companies; (2) lying about their own "independence" from the companies; and/or (3) failing to disclose adequately the nature, source and amount of compensation paid by the companies. The creators of the Internet touts purported to provide unbiased opinions in their recommendations, but failed to disclose that they had received in total more than $6.3 million and nearly two million shares of cheap insider stock and options in exchange for touting services. In some instances, the fraudsters sold their stock or exercised their options immediately following their recommendations, a deceptive practice commonly referred to as "scalping."
SEC Director of Enforcement Richard H. Walker said, "In all of these cases, the Internet promoters gave ostensibly independent opinions about Microcap companies that in reality were bought and paid for. Not only did they lie about their own independence, some of them lied about the companies they featured, then took advantage of any quick spike in price to sell their shares for a fast and easy profit. Today's sweep demonstrates the SEC's commitment to cleaning up the Internet, by aggressively prosecuting securities violations occurring in Cyberspace."
Among the schemes in today's sweep, the SEC alleges a wide range of Internet-related securities fraud. Below are a few highlights.
An Internet newsletter called The Future Superstock ("FSS"), written by Jeffrey C. Bruss of West Chicago, Illinois, recommended to FSS's more than 100,000 subscribers and to visitors to the newsletter's Web site the purchase of approximately 25 Microcap stocks predicted to double or triple in the months following dissemination of the recommendations. In making these recommendations, FSS: (1) failed to adequately disclose more than $1.6 million of compensation, in cash and stock, from profiled issuers; (2) failed to disclose that it had sold stock in many of the issuers shortly after dissemination of recommendations caused the prices of those stocks to rise; (3) said that it had performed independent research and analysis in evaluating the issuers profiled by the newsletter when it had conducted little, if any, research; and (4) lied about the success of certain prior stock picks. (SEC v. The Future Superstock, et al.)
An Internet touting service called Stockstowatch ("STW"), and its president, Steven A. King ("King") ran an Internet stock touting service operated from King's home in Sarasota, Florida, which claimed at one time to have more than 200,000 subscribers. STW and King conducted the scheme from October 1997 until at least July 1998, fraudulently touting the stocks of at least five publicly-traded Microcap companies in e-mails sent to STW subscribers and in profiles posted on STW's Internet Web site. With respect to almost every stock touted by STW, the price and/or volume of the profiled company's stock sharply increased shortly following the STW buy recommendation, and STW and King took advantage by selling shares to reap more than a $1 million profit. (SEC v. Steven A. King, et al.)
John Wesley Savage and Princeton Research, Inc. touted the stocks of seven different companies while receiving 276,500 shares and 75,000 options from those companies. Savage and Princeton also lied about the financial condition of two of the issuers. Simultaneous with the filing of the complaint, Savage and Princeton consented, without admitting or denying the SEC's allegations, to the entry of a permanent injunction and payment of a civil penalty of $40,000. (SEC v. John Wesley Savage, et al.)
Francis A. Tribble and his promoting company, Sloan Fitzgerald, disseminated more than six million spams touting two Microcap companies and were the subject of the largest number of complaints received in the history of the Enforcement Complaint Center (SEC Enforcement's Online Complaint Center at www.sec.gov). They also republished their touts in several other forms including an online newsletter and a Web site. Simultaneous with the filing of the complaint, Tribble and Sloan Fitzgerald consented, without admitting or denying the SEC's allegations, to the entry of a permanent injunction and payment of a civil penalty of $15,000. (SEC v. Tribble)
Illustrating the migration of stock touters from traditional media to the Internet, a southern California promoter moved his Microcap touts from newspaper ads to the "Investors Edge" Web site he created this year, without disclosing that Microcap issuers had paid for his touts. At the same time the promoter and one of his companies were recommending that investors buy an issuer's stock, they were engaged in scalping the shares they had received from the issuer, profiting in excess of $64,000. Those defendants also were charged with making false statements in newspaper ads. (SEC v. Volmer, et al.)
The SEC today also issued an investor alert to help investors evaluate investments promoted on the Internet. "Internet Fraud" tells investors how to spot fraud and how to use the Internet to invest wisely and avoid costly mistakes.
"Never, ever, make an investment based solely on what you read in an online newsletter or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn't well known," said Nancy M. Smith, Director of the SEC's Office of Investor Education and Assistance. "Assume that the information about these companies is not trustworthy unless you can prove otherwise through your own independent research."
quote:Originally posted by Ric: A long time cult member, CDLIC, that recently became reformed to the good guys side on pb 32 was banned last night for going on a UC should go to jail rampage. He was a strong backer at one time but seen the light and was even a moderator of the Hurricane relief forum on that board. Then too long time pumper Georgeburns is on the short list to be booted after his recent turn to the light.
I think legal should contact this member and invite him to a new home here where he will be appreciated for his wisdom in calling UC a crook.
Think we could pick him up on the free agent market?
Posted by Dustoff101 on :
quote:Originally posted by Monopoly Money: You are correct no other stock on any exchange globally has 703 billion OS and after what has been going on with CMKX i seriously doubt there ever will be another ticket with that much OS again.
*just pointing out the obvious*
quote:Originally posted by legaleagle: You can hope Trista, but this old dog is a long way from being dead.
Sorry I missed all the excitement Friday. Took a two day holiday with the family, yesterday and today. Went up to Lake Michigan for a little R&R.
So I'm rested up now and ready for an exciting week next week.
But I guess many of you will not be here since it looks like there won't be any more trading and so no newbies will be enticed into buying and they won't need the "Allstocks Saviours" team anymore. Right?
LOL, you'll all still be here because you know this isn't over. Even revoked, not trading, ther is no other stock like this one. Never was, never will be again.
If you all think that Maheu gave up, tucked tail and ran, you really haven't studied this guy much. Wait til you see what's coming next. LOL
------------------------------------------------ Oh I don't know about the largest A/S, QBID has a good start at 44 billion.
SEC might be taking a look at the PR'S and conferance calls as well.
Posted by stnkng1 on :
why is this thread still here seriously this is now a waste of time it sucks but thats the way it is. cant someone get rid of the thread or not
Posted by 4Art on :
I guess as long as people want to talk about it, it will continue to exist.
Posted by stnkng1 on :
yeah i no but thats kinda dumb lets search for other stocks and try to make some money.
Posted by Highwaychild on :
I'm always on the "stock" prowl. If you got some post 'em, or start some threads or something. Some of us have come to know each other via this and other CMKX threads. Alot of people have been following this for a very long time, so, Stnkng1, can we please keep it going just a little bit longer? Pretty please?
Hey Wallace, you watching the game?...
Posted by legaleagle on :
quote:Originally posted by Ric: I know how legal loves to post suits against so called bashers so I think he will really like this one from another point of view.
By: jcline 30 Oct 2005, 12:39 PM EST Msg. 275205 of 275212 Jump to msg. # More to come....SEC Charges 44 Stock Promoters in First Internet Securities Fraud Sweep
Purveyors of Fraudulent Spam, Online Newsletters, Message Board Postings, and Websites Caught
Washington, D.C., October 28, 1998 – Following an unprecedented nationwide sweep, the Securities and Exchange Commission today announced the filing of 23 enforcement actions against 44 individuals and companies across the country for committing fraud over the Internet and deceiving investors around the world.
The sweep, the first orchestrated coast-to-coast operation by the SEC to combat Internet fraud, involved actions filed by SEC offices in Atlanta (1), Boston (1), Chicago (3), Denver (3), Fort Worth (2), Los Angeles (2), Miami (2), New York (2), Philadelphia (1), Salt Lake City (1) and Washington, D.C. (5).
The 23 cases involve a range of Internet conduct including fraudulent spams (Internet junk mail), online newsletters, message board postings and Web sites. The allegations include violations of the anti-fraud provisions and the anti- touting provisions of the federal securities laws. The authors of the spams, online newsletters, message board postings and Web sites unlawfully touted more than 235 Microcap companies, by either: (1) lying about the companies; (2) lying about their own "independence" from the companies; and/or (3) failing to disclose adequately the nature, source and amount of compensation paid by the companies. The creators of the Internet touts purported to provide unbiased opinions in their recommendations, but failed to disclose that they had received in total more than $6.3 million and nearly two million shares of cheap insider stock and options in exchange for touting services. In some instances, the fraudsters sold their stock or exercised their options immediately following their recommendations, a deceptive practice commonly referred to as "scalping."
SEC Director of Enforcement Richard H. Walker said, "In all of these cases, the Internet promoters gave ostensibly independent opinions about Microcap companies that in reality were bought and paid for. Not only did they lie about their own independence, some of them lied about the companies they featured, then took advantage of any quick spike in price to sell their shares for a fast and easy profit. Today's sweep demonstrates the SEC's commitment to cleaning up the Internet, by aggressively prosecuting securities violations occurring in Cyberspace."
Among the schemes in today's sweep, the SEC alleges a wide range of Internet-related securities fraud. Below are a few highlights.
An Internet newsletter called The Future Superstock ("FSS"), written by Jeffrey C. Bruss of West Chicago, Illinois, recommended to FSS's more than 100,000 subscribers and to visitors to the newsletter's Web site the purchase of approximately 25 Microcap stocks predicted to double or triple in the months following dissemination of the recommendations. In making these recommendations, FSS: (1) failed to adequately disclose more than $1.6 million of compensation, in cash and stock, from profiled issuers; (2) failed to disclose that it had sold stock in many of the issuers shortly after dissemination of recommendations caused the prices of those stocks to rise; (3) said that it had performed independent research and analysis in evaluating the issuers profiled by the newsletter when it had conducted little, if any, research; and (4) lied about the success of certain prior stock picks. (SEC v. The Future Superstock, et al.)
An Internet touting service called Stockstowatch ("STW"), and its president, Steven A. King ("King") ran an Internet stock touting service operated from King's home in Sarasota, Florida, which claimed at one time to have more than 200,000 subscribers. STW and King conducted the scheme from October 1997 until at least July 1998, fraudulently touting the stocks of at least five publicly-traded Microcap companies in e-mails sent to STW subscribers and in profiles posted on STW's Internet Web site. With respect to almost every stock touted by STW, the price and/or volume of the profiled company's stock sharply increased shortly following the STW buy recommendation, and STW and King took advantage by selling shares to reap more than a $1 million profit. (SEC v. Steven A. King, et al.)
John Wesley Savage and Princeton Research, Inc. touted the stocks of seven different companies while receiving 276,500 shares and 75,000 options from those companies. Savage and Princeton also lied about the financial condition of two of the issuers. Simultaneous with the filing of the complaint, Savage and Princeton consented, without admitting or denying the SEC's allegations, to the entry of a permanent injunction and payment of a civil penalty of $40,000. (SEC v. John Wesley Savage, et al.)
Francis A. Tribble and his promoting company, Sloan Fitzgerald, disseminated more than six million spams touting two Microcap companies and were the subject of the largest number of complaints received in the history of the Enforcement Complaint Center (SEC Enforcement's Online Complaint Center at www.sec.gov). They also republished their touts in several other forms including an online newsletter and a Web site. Simultaneous with the filing of the complaint, Tribble and Sloan Fitzgerald consented, without admitting or denying the SEC's allegations, to the entry of a permanent injunction and payment of a civil penalty of $15,000. (SEC v. Tribble)
Illustrating the migration of stock touters from traditional media to the Internet, a southern California promoter moved his Microcap touts from newspaper ads to the "Investors Edge" Web site he created this year, without disclosing that Microcap issuers had paid for his touts. At the same time the promoter and one of his companies were recommending that investors buy an issuer's stock, they were engaged in scalping the shares they had received from the issuer, profiting in excess of $64,000. Those defendants also were charged with making false statements in newspaper ads. (SEC v. Volmer, et al.)
The SEC today also issued an investor alert to help investors evaluate investments promoted on the Internet. "Internet Fraud" tells investors how to spot fraud and how to use the Internet to invest wisely and avoid costly mistakes.
"Never, ever, make an investment based solely on what you read in an online newsletter or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn't well known," said Nancy M. Smith, Director of the SEC's Office of Investor Education and Assistance. "Assume that the information about these companies is not trustworthy unless you can prove otherwise through your own independent research."
Ric, interesting but it's seven years old. I try to bring things that are a little more current.
Posted by Dustoff101 on :
quote:Originally posted by stnkng1: why is this thread still here seriously this is now a waste of time it sucks but thats the way it is. cant someone get rid of the thread or not
------------------------------------------------- If you want a library of exellant information from some first class posters, research the CMKX threads..
Some of these people really know they're way around the goings on with these companies. You would have to pay top dollar for classes that you get here for free.
You can also ask intellegent questions of these people that will be answered.
Geezz, man, wake up and use these people instead of belly aching about them being here. You just might learn some insight.
Do the research, and you will learn why your statement is so narrow minded.
Posted by legaleagle on :
Learn these laws if you want to keep up with current events:
"document, or other item appearing, representing, purporting, or contriving through scheme or artifice, to be an actual security or other financial instrument issued under the authority of the United States, a foreign government, a State or other political subdivision of the United States, or an organization, shall be guilty of a class B felony"
Section 17a of the Securities Act of 1934 demands that all equity trades be settled promptly for the safety of the Industry and the Markets.
Posted by Ric on :
The problem legal is that your claiming nss as fact and not just an opinion that you hope is true. You refuse to believe that a stock diluted to 703 billion shares would have a hard time being shorted to. Your so stuck with your belief your going to lose almost everything. There is no proof that CMKX is heavily shorted or will give you anything other then the restricted ETGMF shares. You only have dreams that were pumped over and over again.
See if they keep ETGMF restricted for one year they don't even have to worry anymore. After a year it will be hard to sue UC for damages. Then one of three things will probably happen. Either Entourage go broke and belly up or they will dilute shares to where those that own them from CMKX are now meaningless or they just won't unrestrict them with some lame excuse if any at all. But there will be no way the restriction is lifted with a majority shares.
Even Entourage's CEO said in the last financials that he nor his officers knew anything about mining and that this could cause them to lose everything. It said they have done nothing but lose money over the last 2 years. You should really read that carefully. It is scary to look at. And now that the Casavant family is involved it really is scary.
Posted by legaleagle on :
Ric, I think if this guy doesn't know anything about mining, he may have a couple of friends who do:
Dr. Paul Shatzko Position: Director and Chairman
-------------------------------------------------------------------------------- Dr. Shatzko is a retired radiologist and self employed businessman; he is the founder and former Chairman of Mountain Province Diamonds (MPV.T), a Toronto Stock Exchange listed mining company; as well, he is a director of several public companies and a director of Entourage Mining Ltd. since July 31, 2004.
Posted by bigthc1 on :
Do you think there are actually paper shares somewhere? Like in some warehouse up in the frozen Tundra of Canada. It's pretty cool to think that each share is worth less than 1 single sheet of 1 ply toilet paper. I have bought shares of other stocks at this price before but just to daytrade. Not as a long term investment. people who got involved in this scam make the QBIDians look genius.
Posted by legaleagle on :
quote:Originally posted by Ric: The problem legal is that your claiming nss as fact and not just an opinion that you hope is true. You refuse to believe that a stock diluted to 703 billion shares would have a hard time being shorted to. Your so stuck with your belief your going to lose almost everything. There is no proof that CMKX is heavily shorted or will give you anything other then the restricted ETGMF shares. You only have dreams that were pumped over and over again.
See if they keep ETGMF restricted for one year they don't even have to worry anymore. After a year it will be hard to sue UC for damages. Then one of three things will probably happen. Either Entourage go broke and belly up or they will dilute shares to where those that own them from CMKX are now meaningless or they just won't unrestrict them with some lame excuse if any at all. But there will be no way the restriction is lifted with a majority shares.
Even Entourage's CEO said in the last financials that he nor his officers knew anything about mining and that this could cause them to lose everything. It said they have done nothing but lose money over the last 2 years. You should really read that carefully. It is scary to look at. And now that the Casavant family is involved it really is scary.
You must have missed this, Ric. Why don't you answer the questions why it was necessary to put "markers" in eveyone's account for the divies. And why would AMTD purchase 180 billion shares, directly from CMKX, bypassing CEDE and the DTCC? Maybe they just thought it was a good investment, huh?
"LOL, Ric. OK, let's consider that document as the true OS. When was it dated? How many months have passed since it was composed? How much has changed?
If the company knew the correct sharecount, then the divies would have been issued in the correct amount to cover eveyone. Why did they have to issue "markers" to so many?
Why did AMTD find it necessary to bypass the DTCC and buy their own certed shares directly from the company? 180,000,000,000 shares,yes that's billions, to cover their naked short. None of the other major brokerages covered.
The naked short is apparent, and it is massive. These maneuvers by the company were designed to lock it down if there was no settlement. The SEC didn't want to participate in locking their buddies into it, but CMKX has forced their hand.
And there is so much left to come."
Posted by Ric on :
Who knows legal, maybe Ameritrade had so much buying and selling within its members that they decided to hold there own certs and trade the shares themself when possible and make the huge .0001-2 spread instead of the MM. Double their money fast. But you nor I know why they did it for sure. Doesn't mean anyone is short. You still just don't understand what the volume would have to be, to have the short you want it to be. It just don't work out.
Posted by legaleagle on :
Only time will tell Ric
Posted by tom548 on :
I learn the lesson from last 2 week from stock PCCR with the price $.0001 and sometime go down $.0000. I boght that stock from $.0018 and go down to $.0012 --> $.0001. Total I bought $ 2500. Last week, 10/24,2005, PCCR got big share volume as 546,972,435 then become PCCR# ( no ask, no bid ) then PCCR changed to PCCN with the price $.01. The last time 10/24/2005 my market value is $577 and the next day when they change to PCCN, my market value is only $57.70. They are theft money from people. When the stock go down to $.0001, it mean they will theft your money. It better sell it before it become as PCCR#. I lost $2500 for this damn **** stock.
Posted by tom548 on :
Don't buy this stock PCCN !!! They are theft.
Because they are PCCR, when their stock fall down to $.0001, milion people buy this stock with price $.0001 ( everyone bought about 10,000,000 shares per person), stock price stay at $.0001 for 2 months. PCCR took money from milion people then run away. After run away, they changed their stock code to PCCN and changed to the value of stock from $577 to $57.70. If you bought $ 20,000 would changed to $ 2,000 then you will lost $ 18,000. I think it it not fair, they should play fair when they reverse their stock from PCCR to PCCN.
You guy should be aware this stock . DO NOT BUY THIS STOCK PCCN.
Posted by will on :
For to thank you very much to your advice, tom548. I won't let them theft me.
Posted by legaleagle on :
From RB
By: greedy_malone 11 Sep 2005, 04:35 PM EDT Msg. 460116 of 463698 (This msg. is a reply to 460114 by bigeddywinsitall.) Jump to msg. # bigeddy
As much as I hate to admit it, you are correct. These guys are a financial nightmare to stocks. I consider myself a decent basher. I was recruited by several bashers on this board to join Elgindy's group. I was reluctant. They invited me on a trip to try and entice me to join. It was a lavish cruise that lasted for 2 weeks. I met many bashers that you see on this board. All were high up in the Elgindy business. Anything I wanted on this trip was given to me. And I do mean anything. Cost was no option. I was offerred money, cars, women and a free upscale flat in NYC just across from the rented office where the bashers all work. Yes, they all work in the same office and they all live within 2 blocks of each other. They don't often let anybody into the group. They trust very few people. I saw the whole thing. The money, the cars, the Cayman Island campus where all members of the group can go if the feds get too close. They can hide out there for as long as they need to. there is almost an umlimited amount of money for these guys to live on. They can pickup and change locations and identities in less than 1 hour. They can destroy all information on their computers in a moments notice. They always have 2 backup offices rented and ready to go so they never lose the ability to short and bash and make money. It's the most amazing thing I've ever seen. In the end I declined the offer. It was a very hard decision. I don't profit on my posts and I doubt I could sleep at night if I did but these guys have it down to a science. They make more money in a single day than most people make in a lifetime. They have unlimited resources, they have connections in all branches of government and they are always tipped off if the Feds are going to move in. Just thought you might like to know that. These guys are top notch at what they do.
JMHO
Posted by bill1352 on :
legal you run off at the mouth about markers in our accounts on the old divy's. prove it. CIM is possible as its not a real company. just a creation of UC's to hand family money. it has no income & if it needs to pay money to keep those passed over by other companies zinc claims they will be if not already gone. odds are the gemm shares have been sold or gemm told UC to shove it & got the shares back. as for entourage....i posted the bit from THEIR SEC FILING stating they had no mining experiance a few days ago. now maybe they added someone but they also added an old cmkx accountant & we all know what a great job cmkx accountants did. you also forget the fact that cmkx is in the hole. creditors will have to be paid before anything is divided between shareholders. you'll be lucky to get 76 shares per million because cmkx owns nothing worth any real money. that american shaft doesn't bring in $1 million per yr. why do you think entourage sold shares at .15 when its trading at just over .50? most of those deals are at a big discount but normally it would be at most a 20% discount not a 70% discount. the .25 a share part is an option only, there is no money out on that part. read a few option plans from better companies, they all have options at higher pps but those options rarely get picked up because the pps never gets to that point. this option is at a 50% discount from today when it should be higher then todays pps. that says even the company expects a big pps drop over the next few yrs. by the time you can trade those 76 shares per million you'll be lucky if they are worth $15.. you've attempted to read between the cmkx line for a few yrs & have yet to be right because you don't apply stock market rules nor its legalize. this last entourage pr is telling you huge pps drop coming. cmkx gone, entourage heading for the tank & your excited, i'm glad you enjoy lossing money so much.
Posted by legaleagle on :
My answer is still the same bill. HO HUM
Posted by Ric on :
Ecuador American Mine Shaft - On page 278 of the hearing transcripts, CMKX owes Nevada Minerals 2.2 million dollars by Dec 2005. If CMKX doesn't have any money according to the testimony in the hearing, Nevada Mineral will foreclose on the note. Not my opinion this part is fact.
Now remember not to long ago there was a big to do about a document on Nevada Minerals webpage about them owning the American Mine Shaft. I think UC made a deal with them at that time and it supposed to not have been released until now when CMKX announced its final closure. Thats why the page was removed but no explanation was given. I bet this has been planned for some time but CMKX had to fight off revocation until the right time. So I don't know if Nevada gave enough money to keep Stoecklein going or UC just pocketed even more cash but I bet he got a little something just to get Nevada Minerals off his back and NM got to pay a little to get rid of CMKX. IMO
Posted by legaleagle on :
ateyate DIAMOND MINER
Member Info Status: online Joined: Sept 2005 Posts: 111 Karma: 10
Contact Icons Login to view
What is in a form? « Thread Started on Today at 6:00am »
-------------------------------------------------------------------------------- Questions and lots of them!
I was sitting here this weekend minding my own business this weekend when my good buddy from Paltalk, Oldepro called me and pointed out a few things to me. It got me to wondering, and of course I just had to start digging again. Here are a few questions for anyone to answer....
Why did we file a form 15 on July 27th, 2003?
We all keep saying and thinking "so we didn't have to report" I am beginning to think that is an incorrect line of thinking. Here is why:
If you go to the Otcbb.com site, and do a search on CMKI, which became CMKX you will see the following information. First the link:
If you read the NT 10-Q from that date you will see it is a notice of late filing and it says that the financials are not done at this point.
The filing then goes on to say that
3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
The company responds YES to this question. Then below that it continues
If so: attach an explanation of the anticipated change, both narratively and quantitatively and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
There was no answer to that request. The company simply ignored the rider in this part of the filing. Why? What did they keep secret at this point? We still have not been told.
Then on May 22nd, 2003 this happened:
SECURITY DELETIONS 14:17 CMKME** Casavant Mining Kimberlite International 05/23/2003 Failure to comply with NASD Rule 6530 - OTC Reportable (CMKM)
So on May 23rd, 2003 we became a NON REPORTING SECURITY, and began trading on the pink sheets. On the pink sheets we were still a solicited stock, we just didn't have to report anything.
BUT HOLD IT!
On July 22th, 2003 we filed a form 12/G
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Excuse me? I thought we didn't have to report on the pink sheets? So was this act not redundant? I readily admit that I am not a securities expert, so if I am wrong please correct me, BUT there must have been some reason we went the extra mile to file this form. NO????
This next excerpt is from the 14C it describes part of the requirements from the Company to close the deal with the sellers of the land claims.
8. REPORTS UNDER THE 1934 ACT.
With a view to making available to the Sellers the benefits of Rule 144 promulgated under the 1933 Act or any similar rule or regulation of the SEC that may at any time permit the Sellers to sell securities of the Company to the public without registration ("Rule 144") the Company agrees to:
a. make and keep public information available, as those terms are understood and defined in Rule 144;
b. file with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act so long as the Company remains subject to such requirements and the filing of such reports and other documents as is deemed by the Company to be required for the applicable provisions of Rule 144; and
c. furnish to the Sellers so long as such Sellers owns Registrable Securities, promptly upon request, (i) a written statement by the Company that it has complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested to permit the Sellers to sell such securities pursuant to Rule 144 without registration.
Notice the date of the form 12/G. July 22nd, 2003.
Was this done to break the agreement in the 14C that was due to close in Dec 2003? Why would we break that deal? To protect the claims?
Just over a week later the claims were ALL allowed to lapse and the 025 Saskatchewan company claimed them from the Saskatchewan government.
We have heard stories of potential hostile takeovers to get the claims from CMKX , and of course we know the stories of all the "bad guys" that have floated around. Is it possible this was a way to isolate the claims and the exploration side of the business away from the dealings of all of the characters in the money side of the company? This way if someone took over the company they would simply get a shell? A NSS shell?
If we follow the events, my next question regarding this is : Why file the form 12/GA in Feb of 2005? Why would we want to be reporting again? What purpose would that serve?
Why was the hearing such an obvious sham?
Is it possible that the SEC needed an out from under this situation? We filed reporting status so that the SEC could do their "job" and revoke us?
Where were all the other witnesses that could have been called during this hearing, not only from the CMKX side, but from the SEC side? Why not subpoena more of the principles to tell what their part of this story was? That has never made sense to me. Instead they basically run this thing through with no apparent direction except "you haven't filed". I thought that on the PINK SHEETS you didn't have to file? Again why is this even an issue? Why did CMKX make it an issue?
So the next question that begs to be asked is this. What does this revocation mean? Well to me it means we are out from under the jurisdiction of the SEC. It means that the SEC is accepting no responsibility for the NSS problem and have no interest in protecting anyone. It means that the company now has freedom to apply pressure to the people that shorted this company.
The Entourage deal is very interesting. The 025 company is now directly involved with Entourage, and United Carina is also involved directly with Entourage. So what does that mean for all of us. Well I can tell you what I hope it means......
If the 50 million Entourage Shares are attached to the CMKX shareholder base, for now by way of the trustee, we have the potential for valuation. This is encouraging for a few reasons.
If Entourage releases valuation through either 025 or through United Carina, then there is value attached to the 60 million shares in Entourage that the CMKX shareholder base is holding. If Entourage takes on more JV partners, wouldn't that simply enhance the potential value of our block of shares? Using this methodology Entourage could announce Uranium valuation and it would enhance OUR stock and theirs. Would that not make it easier and more plausible to raise capital for diamond exploration? hmmm sounds like the beginning of a conglomerate to me...
Even if the shares are not dispersed immediately they still have value as a single entity. Can you imagine being shorty, and seeing the value of the Entourage stock going up that the CMKX shareholders are in possession of? What if valuation comes out piece by piece over time and the shares increase in value?
Entourage is tightly held it seems, so as the valuation is released, you would assume the value of Entourage increases.
If we are trading on the Pink or Gray sheets would the threat of the 60 million shares of Entourage being dispersed to the CMKX shareholders not be akin to someone throwing marbles all over the floor of a crowded hallway? I would think it would be very hard to pick them all up. How would the shorts discern which CMKX shares have Entourage attached to them? Especially if we are all bona fide shareholders. Would they not have to clean up the ENTIRE mess to get what they want? Better still, what happens if we stop trading and the short is LOCKED IN? Then what do they do?
So back to the original question: Why did the company file a form 12G on July 22nd, 2005? So we didn't have to report? I am really thinking that is an incorrect line of thinking.
Anyone else want to take a shot at it? I can just see someone quoting a reg that will explain it all in one sentence and render this post moot. HAHAHAHAHA
I don't know if I am even making sense anymore, I just felt like talking out loud and getting feedback from some of the business/ law savvy people in this stock. These are simply my opinions and guesses, I do realize I am probably wrong! I know no insiders in the company and don't speak to any.
I am just addicted to it. LOL!
Geez , Thanks Oldepro........
ateyate
Posted by bill1352 on :
legal, that last post reminded me of the old days in Hawaii, the days when i did LSD & smoked hawaian bud. we would sit around on a beach or mountain cliff & solve the world problems stoned out of our minds. trouble is that when we sobered up we would be too embarrassed about what came out of our mouths to ever mention any of it. of course with the cmkx cult that stoned state is normal.
Posted by ed19363 on :
It's just a shame that none of us will still be alive when the real explanation of all this comes out. I can see it now: Octember 44, 3606 PR: CMKX finds a diamond.
Posted by legaleagle on :
I don't think anyone will ever get the whole story ed. DOJ doesn't like "everything" to get out.
Posted by legaleagle on :
October 31, 2005 (FinancialWire) Citing FinancialWire coverage of the widening financial scandals associated with naked short sales, Financial Express has said the Securities and Exchange Board of India (Sebi) must rethink any automated trading systems such as those used and proposed by the Depository Trust and Clearing Corp., which it said American investors no longer trust.
Columnist Sucheta Dalal cited manipulative scandals involving Refco (NYSE: RFX) and Overstock.com (NASDAQ: OSTK) as reasons M. Damodaran, Sebi chief, should go slow on permitting short-selling by institutional investors. Short sales abuses have vexed and embarrassed American regulators as well as institutions such as Goldman Sachs (NYSE: GS) and Credit Suisse First Boston (NYSE: CSR).
Financial Express said that automation has its downsides. “Unless the regulatory system is constantly alert, ingenious crooks are always working to identify weak links.”
Dulal said that a “lending and borrowing mechanism is expected to prevent rampant price manipulation and keep out naked short-sales, that led to the demise of the old badla-based system of forward trading. Will it achieve this aim?
“It is pertinent to look at the growing US controversy over illegal naked short-sales and its consequences. FinancialWire … posted an article in March 2005 about a Michigan man, Robert C Simpson, who acquired 100% of the issued and outstanding stock of Global Links Corp. Two days later, he found over 50 million shares of the company shares were traded on the bourses. This case came up for discussion by the Senate Banking Committee and was probably the earliest official acknowledgement of naked short-sales (without first borrowing shares, as is legally required).”
“Since then, Patrick Byrne, CEO of a company called Overstock has gone public with the fact that his company’s float changed hands four or five times in a day. How, in a perfectly functioning lending and borrowing mechanism? And where are all the extra shares coming from to give delivery, unless there is a large incidence of illegal naked short-sales? Byrne has publicly alleged his father failed to get delivery of 200,000 shares purchased by him through a blue-chip brokerage firm. He is quoted as saying anywhere between 5-20 million counterfeit shares are currently in the marketplace, presumably on the major exchanges alone.
“The US debate is important, as their trading system has become the global standard for capital markets. It is, hence, pertinent to note that extraordinary trading volumes (yet unexplained phenomena in highly manipulated Indian stocks as well) and short delivery during settlements are increasingly being flagged as manifestations of a possible scam.
“More startling, many investors have accused The Depository Trust & Clearing Corpo-ration (DTCC), a holding company that clears and guarantees almost all trades in the US, of engineering naked short-selling schemes. The DTCC has faced 12 lawsuits in this connection. Most of these were dismissed, but the corporation itself has admitted, in a Q&A posted on its website, that naked short-selling occurs, but the extent to which it occurs is unclear.
“The DTCC’s stock lending and borrowing programme also continues to be under regulatory scrutiny by the NASD and other government agencies. The US debate attributes naked short-selling to counterfeiting and collusion between brokers, dealers and, of course, shadowy hedge funds. In most cases, the sales, accompanied by large, unexplained trading volumes, aimed to destroy the value of small companies.
“An October 13 report by FinancialWire also suggests research analysts, especially Net-based ones, also have a role to play in setting the stage for shorting. It quotes specific examples of alleged collusion between broker-dealers and independent research firms to publish negative information, to beat down the prices of target companies.
“This raging American debate over rampant price manipulation and misuse of automated trading systems is extremely relevant for us, since Sebi plans to permit short-selling by institutional investors. Indian investors, too, have noticed that a large and unexplained spurt in trading volumes always signals the start of a big price ramping operation. Our stock exchanges and regulators simply sleep over this phenomenon, even when these are pointed out to them.
“Second, Indian regulators are clueless about the true beneficial ownership of the most powerful market segment, namely, foreign institutional investors. Add Sebi’s record of poor prosecution of important cases and our slow judicial system and we have a recipe for serious trouble. Sebi may end by attempting to regulate institutional short-sales, while remaining partially blindfolded.”
FT says that the firm’s IPO underwriters Goldman Sachs (NYSE: GS) and Credit Suisse First Boston (NYSE: CSR) both have investigators looking into the illegal but allegedly widely practiced manipulative practice among essentially unregulated hedge funds and other financial institutions that now appears to be a naked short sales bubble that could imperil the U.S. and worldwide financial markets.
Overstock’s CEO Patrick Byrne appeared on News Corp.’s (NYSE: NWS) Fox with Neil Cavuto to state that there are at least twelve Refco’s “buried in the system,” and Cavuto said some say it could be as many as 60 institutions ready to implode. He said a “systemic” problem could cost the Depository Trust and Clearing Corp. as much as $100 billion to clean up.
The line item was so unbelievably monumental that two of the major critics of naked short selling, Dave Patch, of InvestigatetheSEC.com, and Bob O’Brien, director of the National Coalition Against Naked Short Short Selling, were reluctant to positively identify the $10.5 billion as Refco’s naked short position. The Financial Times says investigators are not so reticent, and “have been unable to find which shares, if any, were involved.”
Critics have said that if you lift the covers off similar financial institutions and hedge funds, and even many of Wall Street’s top investment banks and brokerages, the $10 billion exposure at Refco could be multiplied 100 times over, and may inhabit every nook and cranny on the Street. Few companies initiate buy-ins, and such exposure is just bounced around, or “borrowed” from a DTCC. that may also be at significant risk should it be forced to call in its “loans.” The DTCC has also said that there are $6 billion in “fails to deliver” every single trading day. That could add up to some $1.5 trillion every year, not counting attrition from late deliveries.
Already the SEC and the U.S. attorney is probing a $1.4 billion hedge fund, Alexandra Investment Management LLC, and it is not yet known what that investigation will uncover. The fund has revealed that regulators are investigating “numerous participants” in PIPEs, an anacronym for private investments in public equities. Often such investigations end, however, with only a knuckle knock, with no restitution to shareholders of targeted small public companies.
The U.S. Securities and Exchange Commission is under heavy scrutiny as well over Refco since many claim it is just the tip of the iceberg in the illegal naked short selling scandal known as StockGate. Some 89% of those voting in The Investrend Poll at http://www.investrendinformation.com say the SEC should be “hugely” blamed for the Refco implosion.
Said the New York Post:
“It is believed the monies at the heart of the Refco scandal are in fact unsettled funds related to the illegal naked short selling, and many have theorized that there may be untold billions of dollars in other financial institutions and hedge funds in the same leaking lifeboat.”
The Post said no new laws are needed. Enforcement is needed.
When SEC Commissioner Annette Nazareth, the former head of SEC market regulation, was asked about the SEC’s lax attitude towards the Refco’s and its peers, she told the New York Times (NYSE: NT) that it was much ado about nothing, and that the uproar was only from people who “want their stock to go up.”
One can only theorize that it is this attitude that has resulted in the complete collapse of public confidence in the enforcement division of the SEC, as was the collapse of public confidence in FEMA. In his Fox appearance, Byrne said he does not expect the SEC to be able to clean up this situation, and hinted that it will require either judicial or Congressional intervention.Gadfly David Patch’s CNBC interview questioning the SEC’s involvement is at http://www.vmsdigital.com/MyFiles.aspx?Onum=8FD88353-D1CF-49AB-96FB-F5B3D748534D
His site, http://www.investigatethesec.com , has long held that the SEC has scrambled to protect illegal manipulators for fear that the lawbreaking had gone on so long and that it is so huge that it threatens the nation’s financial underpinnings. On CNBC, Patch again asked why the SEC can sit by and watch scores of companies listed on the Regulation SHO threshold list for almost a year, signifying that they are in continuous default of settlements required by the law.
He also asked why the SEC would try to “grandfather” the millions of settlement failures that preceded Regulation SHO, which went into effect in January. The “grandfathering” still hasn’t been court-tested as to whether it may be a kind of “pardon” that only a President may issue.
The SEC and the Depository Trust and Clearing Corp. continue to stonewall any attempt to require transparency in the marketplace as to the extent of fails to deliver, which some see as just a euphanism for “counterfeit shares.”
This scandal comes hard on the heels of allegations of misdeeds by Gradient Analytics and employees of TheStreet.com (NASDAQ: TSCM), in conspiracy with David Rocker and Rocker Partners in manipulating the stock of Overstock.com (NASDAQ: OSTK) and others comes another explosive case, this time against Refco Inc. (NYSE: RFX), one of the primary alleged miscreants in destroying Sedona Corp. (OTCBB: SDNA), once a Nasdaq-listed company.
Not since the Enron and Worldcom scandals has the financial markets been under such growing suspicion, except this time the cancer is not just in a treatable part of the body. This time it has spread through the lymph nodes and appears to be present in every vital organ as scores of companies seem permanently entrenched in the threshold lists maintained by Nasdaq and the NYSE, signifying over three-quarters of a year of the existence of counterfeit shares and unsettled trades.
Didn't CMKX drop their appeal of the revokation?
Posted by legaleagle on :
quote:Originally posted by a4realguy: Didn't CMKX drop their appeal of the revokation?
Yes 4real, and all are waiting to see if it trades this week.
Posted by Ric on :
quote:Originally posted by a4realguy: Didn't CMKX drop their appeal of the revokation?
Yes and the final order has been approved but not officially filed on the SEC website. Until that happens trading will continue. That should happen soon but no one will no exactly so many may get caught with there pants down if they try and play a swing on this say .00004 - .00006 for 50%. Whatever, as soon as it is posted on the SEC Admin page then trading must stop. Of course there will be some settling of MM accounts for a few days after that which is real common in revoked stocks if you ever have followed them.
Happy Halloween
Posted by legaleagle on :
WE'RE TRADING
CMKX 37,675,600 * $.00
Posted by legaleagle on :
CMKX 85,685,598 * $.0001
Posted by stockster5 on :
Wait Ric ... I copy/pasted the finality order FROM the sec website last week....... isnt that the official site.......... from the litigation pages
Posted by legaleagle on :
Last Trade 10/31/2005 10:28:36 AM EST"
Posted by santacruzblur on :
quote:Originally posted by legaleagle: From RB
By: greedy_malone 11 Sep 2005, 04:35 PM EDT Msg. 460116 of 463698 (This msg. is a reply to 460114 by bigeddywinsitall.) Jump to msg. # bigeddy
As much as I hate to admit it, you are correct. These guys are a financial nightmare to stocks. I consider myself a decent basher. I was recruited by several bashers on this board to join Elgindy's group. I was reluctant. They invited me on a trip to try and entice me to join. It was a lavish cruise that lasted for 2 weeks. I met many bashers that you see on this board. All were high up in the Elgindy business. Anything I wanted on this trip was given to me. And I do mean anything. Cost was no option. I was offerred money, cars, women and a free upscale flat in NYC just across from the rented office where the bashers all work. Yes, they all work in the same office and they all live within 2 blocks of each other. They don't often let anybody into the group. They trust very few people. I saw the whole thing. The money, the cars, the Cayman Island campus where all members of the group can go if the feds get too close. They can hide out there for as long as they need to. there is almost an umlimited amount of money for these guys to live on. They can pickup and change locations and identities in less than 1 hour. They can destroy all information on their computers in a moments notice. They always have 2 backup offices rented and ready to go so they never lose the ability to short and bash and make money. It's the most amazing thing I've ever seen. In the end I declined the offer. It was a very hard decision. I don't profit on my posts and I doubt I could sleep at night if I did but these guys have it down to a science. They make more money in a single day than most people make in a lifetime. They have unlimited resources, they have connections in all branches of government and they are always tipped off if the Feds are going to move in. Just thought you might like to know that. These guys are top notch at what they do.
JMHO
Legal, did the guy just see the movie Boiler Room?
What is your point???
Posted by santacruzblur on :
Shhh.... can you hear it??? Yes.... that is the sound of ETGMF down another 6%!
Legal, this looks like it is working out great!!!
Posted by tic_toc on :
:: DELETED SYMBOLS FOR THE PAST 7 DAYS (Note: this data is updated in real-time)
Date Symbol Company Name Class 10/31/2005 ALR Morgan Stanley N/A 10/31/2005 AMQT AmeriQuest Technologies, Inc. Com (1 Cent) 10/31/2005 CMKX CMKM Diamonds, Inc. Com ($0.0001) 10/31/2005 CPAZY Cementos Paz Del Rio Sponsored Amer Dep Rec 10/31/2005 LETKW Lehman Brothers Holdings, Inc. N/A 10/31/2005 LETLW Lehman Brothers Holdings, Inc. N/A 10/31/2005 LETNW Lehman Brothers Holdings, Inc. N/A 10/31/2005 LVIDF Leitch Technology Corp. Com 10/31/2005 NMPKY Nampak Ltd. Amer Dep Rec 10/31/2005 SGGM St. George Metals, Inc. Com (1 Cent) 10/31/2005 TPY Tipperary Corp. Com (2 Cents)
![[Big Grin]](biggrin.gif)
![[Wink]](wink.gif)
.
![[Smile]](smile.gif)
![[Eek!]](eek.gif)
![[Razz]](tongue.gif)
