posted August 04, 2004 01:45            

Adding a dash of cinnamon to coffee, cereal, or toast may help control blood sugar and cholesterol, according to a December 2003 study.

Researchers at the Beltsville Human Nutrition Research Center in Maryland teamed with Pakistani researchers to compare cinnamon capsules with placebo pills in 60 people with the most common type of diabetes. After 40 days, those taking cinnamon reduced their blood sugar and triglycerides (a fat in the blood) by an average of about 25 percent and their “bad” LDL cholesterol by nearly 20 percent compared with the control group. Earlier research had shown that an ingredient in cinnamon—found in powdered and capsule forms but not in oils—increases cells’ sensitivity to insulin, which regulates the metabolism of sugar and fat and thus helps control the LDL level.

Because a small dose worked as effectively as larger ones, the researchers say that you need to consume only 1 gram (slightly less than half a teaspoon) or possibly less to reap the benefits. And you probably don’t need to eat it every day: The improvements lasted up to three weeks after people stopped taking it.
.
Cinnamon Reduces Blood
Sugar and Cholesterol Levels
Researchers suggest that all adults, not just
diabetics, may benefit from its health effects
By Aaron W. Jensen, Ph.D.
cientists and consumers alike are discovering that there is a tighter link between diet and health—especially in aging populations—than was previously suspected. Although it has long been known that fruits, vegetables, and grains are excellent sources of the vitamins and minerals that are so essential to good health, we continue to learn about the importance of supplementing our diets (no matter how healthful they may be) with additional amounts of certain nutrients.

The objectives of nutritional supplementation are fourfold:

To compensate for the declining ability of our aging digestive systems to make certain dietary nutrients available to the rest of our bodies—thus preventing potentially harmful deficiencies.
To compensate for our aging bodies’ declining ability to produce certain nutrient substances on their own—thus preventing potentially harmful deficiencies.
To achieve above-normal levels of some nutrients so as to extract as much health benefit from them as possible—thus helping to prevent chronic diseases.
In some cases, to benefit our bodies with valuable nutrients they would otherwise never encounter—thus enhancing our health, and perhaps even our longevity, in various ways.
It’s not just vitamins and minerals that occupy the spotlight of nutritional supplementation, but also certain amino acids and hormones, and a growing list of exotic phytochemicals—plant-based compounds that have beneficial effects on various aspects of our physiology. Many such compounds are found in the fruits, vegetables, and grains that we eat routinely, but many more are found in herbs and spices that we may eat only occasionally, or not at all. Antioxidant properties are a strikingly common feature in phytochemicals; they therefore play an important role in inhibiting aging processes related to oxidative damage caused by free radicals.

Cinnamon Mimics Insulin Function

Much scientific research has focused recently on the health benefits of herbs and spices. Some of these benefits are broad-based, but others are specific to one or a few physiological functions in the body. A good example is cinnamon, which may be of great value in maintaining healthy blood sugar levels, and cholesterol levels as well.

Because type 2 diabetes, or adult-onset diabetes, is a major public health concern (and not just for adults, but for children as well), Dr. Richard A. Anderson and his colleagues at the Human Nutrition Research Center of the U.S. Department of Agriculture screened extracts of a number of commonly consumed plants to see how well they could mimic the effects of insulin, a protein hormone that is responsible for regulating our blood sugar levels. From a selection of 49 culinary and medicinal plants, they found in laboratory tests that cinnamon was far more effective than any other plant in fulfilling insulin’s appointed role.1

It’s the MHCP in Cinnamon That Does It

Further research by Dr. Anderson’s group established that the active component in cinnamon responsible for its insulin-like activity is a water-soluble chemical compound called methylhydroxychalcone polymer, or MHCP. They found that MHCP was highly effective, providing essentially the same biological activity as insulin itself.2 It was effective not only in increasing the uptake of glucose (blood sugar) by cells, but also of stimulating the synthesis of glycogen, a polymeric form of glucose that is stored primarily in the liver and muscle tissues for use at times of peak energy demand, such as exercise. And MHCP turned out to be synergistic with insulin in these actions, providing a net effect greater than the sum of its parts.

The research in question was performed not on human beings, however, but on human adipocytes (fat cells) isolated in the laboratory. That’s a far cry from cells residing in a living, breathing—and perhaps diabetic—person. Would MHCP be as effective in a clinical trial with actual people?

Too Much Cinnamon May Be Unwise

That was the question addressed recently by a team of researchers in Pakistan, working in collaboration with Dr. Anderson in Maryland. They recruited 60 patients with type 2 diabetes (30 men and 30 women, average age 52, with an average disease duration of 7 years) to participate in a clinical trial.3 The patients were randomized into two groups: one for placebo and one for treatment with cinnamon, in daily amounts of 1, 3, or 6 grams. The duration of treatment was 40 days.

The cinnamon tree, Cinnamomum cassia.
Oddly, the cinnamon used was not an aqueous extract of cinnamon bark (which would contain the MHCP as well as other water-soluble components), but rather whole powdered cinnamon bark, which of course contains MHCP along with every other component of the bark, water-soluble or not.* It’s odd because cinnamon contains significant amounts of coumarin, a well-known anticoagulant (blood thinner). Consuming relatively large (multigram) amounts of whole cinnamon on a daily basis could pose a health risk for some people, especially those who are already taking coumarin by prescription for therapeutic purposes. Consuming an aqueous extract of cinnamon poses no such risk, however, because coumarin is lipid-soluble, not water-soluble, and thus remains behind when the water-soluble components are extracted from the bark.

--------------------------------------------------------------------------------

*The cinnamon used was derived not from the bark of the true cinnamon tree (Cinnamomum verum), but from the bark of the more abundant cassia tree (Cinnamomum cassia), which is the most commonly sold (and less expensive) form of cinnamon. It too contains MHCP as well as some of the same aromatic oils as true cinnamon, and thus has a similar flavor.

--------------------------------------------------------------------------------

Despite the researchers’ claim that there were no problems (in this group of patients, at any rate) associated with the consumption of up to 6 grams per day of whole cinnamon powder, it seems unwise to consume that much cinnamon in the long term (not that many people would want to anyway, because too much of a good thing can soon wear thin). And MHCP’s availability as a nutritional supplement makes it convenient to obtain all the benefits without the potential liability of consuming too much cinnamon.

Cinnamon Sharply Reduced Blood Glucose Levels

But what are those benefits in human beings? That’s what the Pakistani-American study was designed to find out, so let’s see what the results were. The researchers measured the patients’ blood glucose and lipid levels (under fasting conditions) at the beginning of the study, and again at 20 days, 40 days (the end of the treatment), and 60 days (i.e., after a 20-day “washout” period following the cessation of treatment).

The results were dramatic: all three cinnamon doses had a strong impact on blood glucose levels—and on blood lipid levels as well, as we will see shortly. By contrast, the placebo had no significant effect on either measure. The glucose levels were reduced by 18–29% following 40 days of treatment. Whereas the highest dose (6 g/day) produced the most rapid response, the lowest dose (1 g/day) produced the most sustained response, i.e., a continued reduction in glucose levels even at the 60-day point; the reduction observed was 16%. The two higher doses produced slightly lower sustained responses, and they were judged not to be statistically significant.

How Does Insulin Work—and Not Work?

In type 2 diabetes, high blood sugar levels occur when glucose is prevented, to a significant degree, from entering cells of the body, notably liver, muscle, and fat cells. This is caused by a “short circuit” in the insulin signaling pathway, a cascade of highly specific chemical reactions that allow insulin to fulfill its role as the facilitator of glucose transport through the cell walls. Insulin is produced by the pancreas in response to elevated blood glucose levels; once it enters the blood, it signals the body’s cells to take up the excess glucose until normal levels are restored.

When insulin molecules bind to the insulin receptors on cell walls, tiny molecular “gates” open up and allow glucose molecules to pass through. If this system is impaired, the gates don’t respond adequately to the insulin signal, thus preventing the glucose from entering the cell. This condition, which is a common consequence of obesity, is called insulin resistance, and it’s both a harbinger and a symptom of diabetes. With insulin resistance, glucose levels in the blood remain high, a very dangerous condition in the long run. The pancreas tries to compensate by making more insulin, but this works only for so long. Eventually, the pancreas becomes overburdened and starts making less insulin. That’s when things go from bad to worse.

MHCP Increases Insulin Sensitivity

And that’s where cinnamon—or MHCP, to be specific—comes in. MHCP makes cells more responsive to insulin, i.e., it increases insulin sensitivity, the opposite of insulin resistance. Researchers in Japan found recently that when an aqueous extract of cinnamon (containing MHCP, of course) was given orally to laboratory rats, the insulin receptors on their skeletal muscle cells became more responsive.4 Enhanced insulin sensitivity means more glucose going into the cells, so the blood glucose levels fall, and biochemical order is restored.

Got Diabetes? Watch Your Heart!
If you have type 2 diabetes or are at risk for it (by far the greatest risk factor is obesity), then you’d better keep a close eye on your heart. Worldwide, heart disease is the leading cause of death, and diabetes is a major risk factor for it. That’s hardly surprising when you consider that obesity, the fast track to diabetes, is typically the result of overeating and underexercising, which are two of the main risk factors for heart disease.

Some other major risk factors are high cholesterol levels, high blood pressure, and, of course, smoking, which is nothing more than incremental suicide. The vast majority of people who have cardiovascular disease, whether they’ve had a heart attack or not, have at least one of these risk factors. And diabetes, quite apart from having the dubious distinction of being one of them, takes a terrible toll on other bodily systems—and on life itself, which it makes both harder and shorter.

Thus it’s worth almost any effort to prevent diabetes, or to prevent it from getting worse if you already have it. You know, of course, about the lifestyle modifications that can help accomplish that goal. And as in virtually all aspects of healthcare, it pays to find out about nutritional supplements, such as MHCP from cinnamon, that can help.

Cinnamon Also Reduced Blood Lipid Levels

It turns out, as mentioned above, that cinnamon reduces blood lipid levels as well as blood glucose levels. In that same Pakistani-American study,3 the researchers measured the patients’ lipid levels, with the following results: total cholesterol was reduced by 12–26%; LDL-cholesterol (“bad cholesterol”) was reduced by 7–27%; HDL-cholesterol (“good cholesterol”) was unchanged; and triglycerides (fats) were reduced by 23–30%. All three doses of cinnamon were effective in reducing the levels of total cholesterol, LDL-cholesterol, and triglycerides, and all three showed remarkably sustained activity at the 60-day point (20 days after the treatment had stopped).

More Is Not Always Better

Despite individual differences in the effects produced by the different cinnamon doses at different time points, a striking fact emerged from all the data in this study: the 3-g/day and 6-g/day doses were no more effective, overall, than the 1-g/day dose in reducing blood glucose and blood lipid levels for the sustained period. Thus, it appears that the 1-g/day dose is not only sufficient to achieve the optimal benefits of cinnamon, it may be more than sufficient. Further research is planned to determine whether even lower doses are also effective.

An important point must be noted here. Whereas it seems almost certain, from Dr. Anderson’s own prior research, that MHCP was responsible for the reductions in blood glucose levels in this study, there was no indication of what component of the cinnamon powder was responsible for the reductions in blood lipid levels—not even whether it was a water-soluble or a lipid-soluble component. It would be interesting to know.

In any case, the researchers had the following to say:

In conclusion, cinnamon reduced serum glucose, triglyceride, total cholesterol, and LDL-cholesterol levels in people with type 2 diabetes. Because cinnamon would not contribute to caloric intake, those who have type 2 diabetes or those who have elevated glucose, triglyceride, LDL-cholesterol, or total cholesterol levels may benefit from the regular inclusion of cinnamon in their daily diet. In addition, cinnamon may be beneficial for the remainder of the population to prevent and control elevated glucose and blood lipid levels.
Spice It Up!

That’s a powerful endorsement for a common spice that is used the world over for its delightful flavor. Thanks to modern science, we have finally learned about some of the remarkable health benefits of this ancient substance, and the “secret ingredient”—MHCP—it has been harboring in its fragrant bosom for millennia. Although “methylhydroxychalcone polymer” may not roll trippingly off the tongue, it is a substance that probably belongs in every person’s larder of nutritional supplements. So spice up your life with a daily ration of MHCP. Your blood sugar will thank you for it.

References

Broadhurst CL, Polansky MM, Anderson RA. Insulin-like biological activity of culinary and medicinal plant aqueous extracts in vitro. J Agric Food Chem 2000 Mar;48(3):849-52.
Jarvill-Taylor KJ, Anderson RA, Graves DJ. A hydroxychalcone derived from cinnamon functions as a mimetic for insulin in 3T3-L1 adipocytes. J Am Coll Nutr 2001 Aug;20(4):327-36.
Khan A, Safdar M, Khan MMA, Khattak KN, Anderson RA. Cinnamon improves glucose and lipids of people with type 2 diabetes. Diabetes Care 2003 Dec;26(12):3215-8.
Qin B, Nagasaki M, Ren M, Bajotto G, Oshida Y, Sato Y. Cinnamon extract (traditional herb) potentiates in vivo insulin-regulated glucose utilization via enhancing insulin signaling in rats. Diabetes Res Clin Pract 2003;62:139-48.

InsuLife for Healthy Blood Sugar
For those who are concerned about their blood sugar levels, Life Enhancement Products offers InsuLife™, specially formulated by the prominent natural medicine physician Dr. Jonathan Wright to support insulin function in the body. The primary active ingredient in this formulation is MHCP (methylhydroxychalcone polymer), the compound purified from cinnamon that mimics the functions of insulin in important ways.

In addition, InsuLife contains other compounds that promote healthy blood sugar levels, including the herbal extract goat’s rue (Galega officinalis), the flavonoid quercetin, the amino acid derivative N-acetylcysteine, the antioxidant alpha-lipoic acid, the minerals chromium and vanadium, and vitamins B6, C, E, and K.

The recommended daily serving of this supplement is 3 capsules. This provides a total of 12 mg of MHCP daily, or the equivalent of about one heaping teaspoon of cinnamon powder. Experience the combined power of the ingredients in InsuLife, and take control of your blood sugar!

Caution: If you have diabetes, do not take any supplement that may affect your blood sugar levels without first consulting your physician. Diabetes is a serious disease requiring careful professional management.

--------------------------------------------------------------------------------
Dr. Jensen is a cell biologist who has conducted research in England, Germany, and the United States. He has taught college courses in biology and nutrition and has written extensively on medical and scientific topics.

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posted August 04, 2004 03:39            

quote:

---

Originally posted by STAR GAZER:
Somewhat off the topic, after hearing about Urbans stroke, I posted a message about
EDTA, a somewhat long and boring discussion, but then I'm know for my long and boring discussions. And so, just to make up for it, I thought that I would say something to spice up the conversation. Cinnamon for high cholesterol

Adding a dash of cinnamon to coffee, cereal, or toast may help control blood sugar and cholesterol, according to a December 2003 study.

Researchers at the Beltsville Human Nutrition Research Center in Maryland teamed with Pakistani researchers to compare cinnamon capsules with placebo pills in 60 people with the most common type of diabetes. After 40 days, those taking cinnamon reduced their blood sugar and triglycerides (a fat in the blood) by an average of about 25 percent and their “bad” LDL cholesterol by nearly 20 percent compared with the control group. Earlier research had shown that an ingredient in cinnamon—found in powdered and capsule forms but not in oils—increases cells’ sensitivity to insulin, which regulates the metabolism of sugar and fat and thus helps control the LDL level.

Because a small dose worked as effectively as larger ones, the researchers say that you need to consume only 1 gram (slightly less than half a teaspoon) or possibly less to reap the benefits. And you probably don’t need to eat it every day: The improvements lasted up to three weeks after people stopped taking it.
.
Cinnamon Reduces Blood
Sugar and Cholesterol Levels
Researchers suggest that all adults, not just
diabetics, may benefit from its health effects
By Aaron W. Jensen, Ph.D.
cientists and consumers alike are discovering that there is a tighter link between diet and health—especially in aging populations—than was previously suspected. Although it has long been known that fruits, vegetables, and grains are excellent sources of the vitamins and minerals that are so essential to good health, we continue to learn about the importance of supplementing our diets (no matter how healthful they may be) with additional amounts of certain nutrients.

The objectives of nutritional supplementation are fourfold:

To compensate for the declining ability of our aging digestive systems to make certain dietary nutrients available to the rest of our bodies—thus preventing potentially harmful deficiencies.
To compensate for our aging bodies’ declining ability to produce certain nutrient substances on their own—thus preventing potentially harmful deficiencies.
To achieve above-normal levels of some nutrients so as to extract as much health benefit from them as possible—thus helping to prevent chronic diseases.
In some cases, to benefit our bodies with valuable nutrients they would otherwise never encounter—thus enhancing our health, and perhaps even our longevity, in various ways.
It’s not just vitamins and minerals that occupy the spotlight of nutritional supplementation, but also certain amino acids and hormones, and a growing list of exotic phytochemicals—plant-based compounds that have beneficial effects on various aspects of our physiology. Many such compounds are found in the fruits, vegetables, and grains that we eat routinely, but many more are found in herbs and spices that we may eat only occasionally, or not at all. Antioxidant properties are a strikingly common feature in phytochemicals; they therefore play an important role in inhibiting aging processes related to oxidative damage caused by free radicals.

Cinnamon Mimics Insulin Function

Much scientific research has focused recently on the health benefits of herbs and spices. Some of these benefits are broad-based, but others are specific to one or a few physiological functions in the body. A good example is cinnamon, which may be of great value in maintaining healthy blood sugar levels, and cholesterol levels as well.

Because type 2 diabetes, or adult-onset diabetes, is a major public health concern (and not just for adults, but for children as well), Dr. Richard A. Anderson and his colleagues at the Human Nutrition Research Center of the U.S. Department of Agriculture screened extracts of a number of commonly consumed plants to see how well they could mimic the effects of insulin, a protein hormone that is responsible for regulating our blood sugar levels. From a selection of 49 culinary and medicinal plants, they found in laboratory tests that cinnamon was far more effective than any other plant in fulfilling insulin’s appointed role.1

It’s the MHCP in Cinnamon That Does It

Further research by Dr. Anderson’s group established that the active component in cinnamon responsible for its insulin-like activity is a water-soluble chemical compound called methylhydroxychalcone polymer, or MHCP. They found that MHCP was highly effective, providing essentially the same biological activity as insulin itself.2 It was effective not only in increasing the uptake of glucose (blood sugar) by cells, but also of stimulating the synthesis of glycogen, a polymeric form of glucose that is stored primarily in the liver and muscle tissues for use at times of peak energy demand, such as exercise. And MHCP turned out to be synergistic with insulin in these actions, providing a net effect greater than the sum of its parts.

The research in question was performed not on human beings, however, but on human adipocytes (fat cells) isolated in the laboratory. That’s a far cry from cells residing in a living, breathing—and perhaps diabetic—person. Would MHCP be as effective in a clinical trial with actual people?

Too Much Cinnamon May Be Unwise

That was the question addressed recently by a team of researchers in Pakistan, working in collaboration with Dr. Anderson in Maryland. They recruited 60 patients with type 2 diabetes (30 men and 30 women, average age 52, with an average disease duration of 7 years) to participate in a clinical trial.3 The patients were randomized into two groups: one for placebo and one for treatment with cinnamon, in daily amounts of 1, 3, or 6 grams. The duration of treatment was 40 days.

The cinnamon tree, Cinnamomum cassia.
Oddly, the cinnamon used was not an aqueous extract of cinnamon bark (which would contain the MHCP as well as other water-soluble components), but rather whole powdered cinnamon bark, which of course contains MHCP along with every other component of the bark, water-soluble or not.* It’s odd because cinnamon contains significant amounts of coumarin, a well-known anticoagulant (blood thinner). Consuming relatively large (multigram) amounts of whole cinnamon on a daily basis could pose a health risk for some people, especially those who are already taking coumarin by prescription for therapeutic purposes. Consuming an aqueous extract of cinnamon poses no such risk, however, because coumarin is lipid-soluble, not water-soluble, and thus remains behind when the water-soluble components are extracted from the bark.

---

Its Great that this is not only a CMKX support group, but a health zine as well ...lol

posted August 04, 2004 07:16            

When held in your hand they would look like
diamonds in the rough.

Called ---- Pay-Dirt!

posted August 04, 2004 08:27            

pe·nul·ti·mate
adj.
1. Next to last.
2. Linguistics Of or relating to the penult of a word: penultimate stress.
n.
The next to the last.

posted August 04, 2004 09:26            

Lets say the Joel number is correct...just to illustrate my point. 400 Billion share O/S could have been bought for and avg price of lets say 0.0003. So.... 400+09 * 0.0003 = $120,000,000. Some shares could have been bought for less and some could have been bought for more. Remember that CMKX was sitting at 0.0001 for quite a long time..but anyway back to the point.

The point is CMKX has $52,500,000 on "average" in the bank. Refering to the UCAD dividend of the 7.5 Million shares.

So...here is the common sense point....why would CMKX distribute the 7.5 million shares to it's shareholders of say 400 Billion shares...that would come out to NOTHING.

Or here the important point take that $52,500,000 and at an avg. price of 0.0003 retire back to the TREASURY more then 175 BILLION shares on average. You see they could retire almost 1/2 the O/S just from this dividend ALONE.

posted August 04, 2004 10:38            

CMKX -- CMKM Diamonds, Inc. (NV)
Com ($0.0001)

Address:
c/o Melvin O'Neil
P.O. Box 3655
Melfort
SK SOE 1AO
Canada
Phone: 306-752-3755
Company Website: http://www.casavantmining.com

Officers:
Urban Casavant, Pres. & CEO; David DeSormeau, CFO

Current Capital Change:
shs increased by 2 for 1 split
Ex-Date: 2003-09-30
Record Date: 2003-09-12
Pay Date: 2003-09-29

Dividends:
Amount: Div: 0.0000155 restricted sh US Canadian Minerals, Inc. for each sh held
Pay Date: 2004-09-24
Record Date: 2004-08-20

State of Incorporation: NV

Company Notes:
Note=4-02 State of Incorporation Delaware changed to Nevada
Formerly=Cyber Mark International Corp. until 1-03
Formerly=Casavant Mining Kimberlite International, Inc. until 3-04

Class Notes:
Cap. Change=shs increased by 2 for 1 split. Ex-date=08-28-00. Rec. date=08-11-00. Pay. date=08-25-00.
Capital Change=shs increased by 10 for 1 split. Ex-date=08/17/2001. Rec date=07/19/2001. Pay date=08/16/2001.

Transfer Agents:
1st Global Stock Transfer LLC, Las Vegas, NV 89128

posted August 04, 2004 10:44            

------------------------------------------

Posted by: Diamond_cat
In reply to: None Date:8/3/2004 2:08:04 PM
Post #of 69490

IMPORTANT..THAT OTCBB DATA OF 483B IS FALSE AND

WAS SUBMITTED TO THEM BY SOME CROOKED MM'S.THIS WAS CONFIEMED BY MELVIN AND UC ..WE WERR ASKED NOT TO BELIEVE THAT UNLESS IT COMES IN THE FORM OF A PR OR SEC FILINGS.

NOTE..MANY EVIL FORCES ARE NOW TRYING TO DISRUPT THE PEACEFUL PROCESS OF CMKX FULLY REPORTING.
http://cmkx.********s35.com/index.cgi?action=display&board=general&num=1091557192&st art=15

Originally on at http://www.investorshub.com/boards/read_msg.asp?message_id=3719035

Posted by: m-ojo
In reply to: Diamond_cat who wrote msg# 69467 Date:8/3/2004 2:12:47 PM
Post #of 69543

re:IMPORTANT..THAT OTCBB DATA OF 483B IS FALSE AND

didn't that also happen with our last TA? I recall reading that they recieved a fake "official" document with the OS of 400B, and that's what they went with.

what a soap opera

m-ojo
http://www.investorshub.com/boards/read_msg.asp?message_id=3719086

This one too:

tmash
Diamond in the Rough

Joined: 18 Jun 2004
Posts: 4

On pal6talk today

Dugg called OTCBB and had them look up the actual notice sent to them. They said that the numbers were given to them by a "D R Glenn". Dugg contacted Melvin whom inturn contacted UC. Dugg was told that the PR was untrue and that they (anybody from CMKX or Glenn's office) did not give that info out. Also, they appear to be "pissed" off about it.

This what I heard on Pal talk FWIW.
http://www.cmkx.net/forum/viewtopic.php?t=1506

By: wallstreetblues01
03 Aug 2004, 04:07 PM EDT
Msg. 443454 of 443460
(This msg. is a reply to 443437 by careful-investor8.)
Jump to msg. #

careful-investor...my understanding is that the lasdy at otcbb claims the info was given to her by a "D.R. Glenn"...this is complete b.s. Roger, UC, and Melvin have been contacted...and the quote we were given from melvin..."heads are going to be rolling" or something to that vibe...GLTY
http://ragingbull.lycos.com/mboard/boards.cgi?board=CMKX&read=443454

Vibeman
God of Diamonds

member is offline

Gender:
Posts: 581
Re: Where is the PR stating the OS?
« Reply #4 on: Today at 2:11pm »

--------------------------------------------------------------------------------
Do you really think an official PR from D. Roger Glenn would have been signed as D.R. Glenn. He is much more professional than that and imho I do not think that UC and Roger would not inform us (his loyal) shareholders through second hand information.

We have been through this before. MM's are playing dirty and now it is time for the gloves to come off!
GET EM UC!!!!!

Vibe http://cmkx.********s35.com/index.cgi?board=general&action=display&num=1091564846

posted August 04, 2004 11:05            

This number can't be correct and this is why.
Nevada law states that the board of directors must have a vote of 51% of share holder or holders to bind the company to any "deal" therefore IF we issued all 500bil shares allowed by law (Nevada) we already retired shares to the treasure last year(per PR)I think the number of 483bil is total shares issued BEFORE calculating at least 51% owned by UC/UCAD etc. (which according to UC will not recieve ANY dividend) per PR again.
Look at it now: 483bil*51%=246.33bil
246.33bil-483bil=236.67bil
236.67bil-75bil(last deal)=161.67bil
now before you all start this is just rough math so what Iam trying to point out is the div, will issued on a number lower than 200bil. Just my opinion

Therefore the dividend that we will see soon will not be based on 483 or 500 bil.per th otcb.

posted August 04, 2004 11:21            

DrDiamond
Diamondologist

member is offline

Gender:
Posts: 298
Is dividend info to be believed?
« Thread started on: Today at 11:06am »

--------------------------------------------------------------------------------
What are we supposed to believe? Most of you know me and I will say what I believe. I have contacted both the OTCBB and the Pink Sheets and they have verified the information came through normal reporting channels from D R Glenn. I have complete confidence in Urban and D. Roger Glenn but that doesn't require me to suspect that someone has hacked into OTCBB and PinkSheets and made a post and then informed OTCBB and Pink SHeets that it is authentic from D R Glenn. Or even that someone has faked a letter from D R Glenn to the OTCBB and Pink Sheets about this information. If it is false it doesn't take 2 minutes to pick up the phone and give an official statement that recent postings by the OTCBB and the Pink Sheets on the UCAD dividend information is false and not to be relied upon.

This is a circus of speculation with people expecting us to believe their speculation that the OTCBB and Pink Sheets info on the dividend is a lie and mere speculation itself. It doesn’t matter what investor or how well you respect them the OTCBB and Pink Sheet information needs to be given more weight of credibility.

I have seen comparisons of incorrect O/S for CMKX and this means that the dividend info is wrong or can be wrong. The O/S mentioned on these sites probably were right at one time or the other. This recent posting of the dividend breakdown of UCAD shares is much different than any O/S mentions for CMKX by Nasdaq because of the relevant nature of the recent posting.

Most Nasdaq O/S levels are out of date, but the recent postings for share dividends to investors are precise. If not, let us pull some examples of false share dividend announcements for companies by the OTCBB and the Pink Sheets and stop using other collateral data such as an incorrect O/S to try and make a point.

Am I saying that the information can not be false? NO, that is not what I am saying. I am saying that if they are false the company is the only one that can officially declare that and they haven’t. Personally I believe the link could be real as OTCBB and now Pink Sheets has confirmed that it is real. I cannot see OTCBB and Pink Sheets in collusion with a few MM's to make CMKX look bad. Plus, we do understand that UCAD has an obligation because of their “reporting” status to make some of these facts known or violate regulations.

What doesn't make sense to me is why CMKX and D Roger Glenn would make this announcement and UCAD didn't make the anouncement. Now that is weird to me. So lets take that into consideration when we are having difficulty believing the info is accurate, but lets not get stupid.

I think most of us feel really silly trying to discredit a confirmed posting by the OTCBB and Pink Sheets although it seems that with CMKX we truly need to do this very thing since we can’t seem to get an official reply from CMKX. We know that there is a conspiracy against CMKX by the MM's, some brokerage firms, and possibly other parties but it is really hard to believe that the OTCBB and Pink Sheets are in on it.

I understand the reports that D. Roger Glenn, Urban, and Melvin have been contacted and they are really pissed about it and deny that it is true. I’m sure they can understand how we feel about it and in understanding our dilemma should respond to take away the confusion. Not necessarily giving us the O/S, as they obviously are guarding that, but to at least deny the authenticity of the OTCBB and the Pink Sheets information. I for one will not hold my breath for the response. True that the information at OTCBB and Pink Sheets is not a PR or an SEC report, but come on people are we supposed to throw our brain away just because we have no PR? I for one, will not. If this were a forum post or a paid announcement it would be different. This is a legitimate market/board announcing dividend details according to regulations.

I remember, as I’m sure most here do, the presumed negative announcement of Carolyn's diamond content in the first samples that were never announced by CMKX, but it came through a JV partner. We still have not had a PR clarifying or refuting the contents of that PR. Too, we never got a PR or official statement from the company refuting the Pacific Stock Transfer leak of 400 billion O/S a month ago. If the O/S is huge these leaks may be the only announcement we get until D. Roger Glenn and Urban manage to shrink it dramatically by any number of means. If you consider the leak that came through Pacific Stock Transfer as being 400 Billion and add our most recent acquisitions through shares (110 billion – 40 billion from Urban = 70 billion to UCAD and Nevada Minerals) then out O/S could reasonably be 470 or the calculated 483 billion from the OTCBB and Pink Sheets information.

As much as none of us care for a huge O/S it is a good possibility that we may have one to the tune of 483 billion+ which could be another reason Urban kicked in 40 billion of his own shares so the A/S of 500 billion wouldn't be exceeded and at the same time he could get a 50% take on the profits if and when profit is made from the 500,000 acres of Fort a la Corne properties from Nevada Minerals.

I too, agree that just because Urban doesn't get the dividend on the 40 billion he gave up doesn't mean UCAD or Nevada Minerals will not get them. Why would anyone think that a dividend wouldn't be paid on the traded shares?

In any case I still believe we are in a very good position. I have complete and total confidence in what D. Roger Glenn and Urban are doing with CMKX and we will be pleased to see the end results in my opinion.

So we may have a huge O/S. Big Deal. Not what we may have wanted, but as we reach “fully reporting” status this information should be made known and open for all to see.

It can be a little trying to figure out how we got from 37 billion in 21 Feb 2004 to a possible 483 billion with investor income flowing in during that same period of time, but lets keep the faith and keep our eyes peeled for a PR that can maybe settle these issues. Remember most of our calculations on the intrinsic value and potential for CMKX were calculated on the 500 billion A/S in the first place. Many joked that it was unrealistic, but it is interesting that no one is laughing now.

CMKX is still the play of a lifetime even if we have 483 billion O/S. Melvin said retirement is continuing and I believe it is. We simply made some acquisitions that has pushed the O/S up and I believe it will come back down.

Please don't be offended at my opinion. It is just an opinion and everyone has one. I try to be a little realistic when it comes to facts posted by the company or a reporting agency like UCAD and the OTCBB.

Stay long and strong for I still believe Success is ours. And if Urban you or Roger are out their listening, we could use some clarification if this information is wrong. TIA!

posted August 04, 2004 12:34            

quote:

---

Originally posted by tic_toc:
******

[This message has been edited by tic_toc (edited August 04, 2004).]

---

there is a good reason for that---the guy who started that board poached his startup list of people right here....after the board was up and running this board SUDDENLY had a huge influx of extremely rude posters---i don't believe in coincidences.....

posted August 04, 2004 12:44            

quote:

---

Originally posted by tic_toc:
sorry excuse my profanities. i know nothing about the rude posters. why censor the word dance/s tho?

---

posted August 04, 2004 12:45            

quote:

---

Originally posted by noahltl:
Sterling was just on PalTalk and announced that he and Melvin had cleared Melvins appearances on Paltalk with the SEC. So it looks like he might be coming back online. Unfortunately, Sterling did not discuss the OS situation or whether he had talked to Melvin about that.

---

posted August 04, 2004 12:45            

quote:

---

Originally posted by noahltl:
Dr. D weighs in:

DrDiamond
Diamondologist

member is offline

Gender:
Posts: 298
Is dividend info to be believed?
« Thread started on: Today at 11:06am »

---

FINALLY. Someone with a little common sense! I think Dr. D has gotten it right. The only thing I can add at this time is there seems to be an awful lot of money being passed around. I wonder if CMKX got a lot of it by dummping shares? This could help explain the run up in O/S shares to the 400B level.

posted August 04, 2004 12:45            

Hey guys!

I changed mu purchase order from 666k at .0003 to 500k at .0004 it filled it like twelve seconds... lol!!!

Sooooo now I officially have 3.5 million shares Muwahahahahah not the most but for me its a real plus up, espically when I thought I had alot of shares of Qbid,lol (1.1 Million)

I feel all 'cool' and like a power player, sadly I am neither muwahahahah lol....

I had to secure a position, now that I bought at .0004 .0003 fills will go through, so you have me to thank if that happens,haha...

Pharm, Wizardress (all knowing and powerful), noah, teentrader, Money P (whats up P money?!?!?) Stoned, WWJD and if I forget any other stock buddies, Muwahhhhhh

CMKX= Crack Cocaine lol... I am spending all my money on it, I can't stop!!!lol...

posted August 04, 2004 12:48            

"we are probably not even close to the climex"

Naughty, naughty girl

posted August 04, 2004 12:50            

Where would I find Paltalk? Is it a radio-show type website? Thanks...

Gator Man I forgot a shout out to you too

Hmmmmm so the party is a deffinant? Halloween in Vegas?!?

Okay okay, who's going to room with me?lol... I warn you I fart and snoar in my sleep (j/k!!)

posted August 04, 2004 12:53            

quote:

---

Originally posted by JBCak47:
Wizardress wrote:

"we are probably not even close to the climex"

Naughty, naughty girl

-John-

---

posted August 04, 2004 12:55            

quote:

---

Originally posted by JBCak47:
Sounds Good noah Thanks...

Where would I find Paltalk? Is it a radio-show type website? Thanks...

Gator Man I forgot a shout out to you too

Hmmmmm so the party is a deffinant? Halloween in Vegas?!?

Okay okay, who's going to room with me?lol... I warn you I fart and snoar in my sleep (j/k!!)

-John-

---

John - kind of moody day behind the window of my office room - after your funny lines - not anymore....

posted August 04, 2004 12:59            

quote:

---

Originally posted by JBCak47:
Sounds Good noah Thanks...

Where would I find Paltalk? Is it a radio-show type website? Thanks...

Gator Man I forgot a shout out to you too

Hmmmmm so the party is a deffinant? Halloween in Vegas?!?

Okay okay, who's going to room with me?lol... I warn you I fart and snoar in my sleep (j/k!!)

-John-

---

JB PalTalk is an online discussion group. People with microphones on their computer can speak, ask questions, etc. Written questions and responses also scroll across your screen, so you don't have to have a microphone to communicate.

Once you have the download, click it on and when it all opens up, go to the groups window and look for "premium finance"...then click on Sterling's classroom...password = CMKX!

posted August 04, 2004 13:02            

Tic Toc -Thanks -great post about the party. I am disappointed but who knows that may yet be in the cards. I will only be going if this the real deal -to shmooze with the recently cash infused. I understand your ? about the other poster who started the other stock board. The first name of his board is the word that gets starred out. I would probably be blot out the site name of anyone who did that to me too.

posted August 04, 2004 13:09            

"John - kind of moody day behind the window of my office room - after your funny lines - not anymore.... "

At least you have windows The office where I work has beautiful, beautiful walls!lol...

I am glad I can bring a smile as we are all stuck in captivity until 4 or 5 pm...

Ohhh well...

However I work in NYC and at 2:45 pm I get to take the checks to the bank so I get to walk outside, view a sea of beautiful, beautiful women and get some fresh air... so its not bad at all.

-John-

posted August 04, 2004 13:11            

Ahhhhhh that is what Paltalk is... I will have to check this out. I gather it is pretty much 24/7 huh?

posted August 04, 2004 13:21            

quote:

---

Originally posted by JBCak47:
Noah,

Ahhhhhh that is what Paltalk is... I will have to check this out. I gather it is pretty much 24/7 huh?

-John-

---

John, it is 24/7 if anyone is there to talk. Sometimes there is just a lul or someone will play music. I usually leave it on in the background, listening, while I do other research, posts, etc. The mods are pretty good about keeping out the BS on the audio, but the written postings can sometimes get out of hand.

posted August 04, 2004 13:41            

quote:

---

Upside,
This number can't be correct and this is why.
Nevada law states that the board of directors must have a vote of 51% of share holder or holders to bind the company to any "deal"

---

posted August 04, 2004 13:45            

quote:

---

Originally posted by TradingWizard:
noahltl is it secure. I usually don't trust chat rooms, to me its open channel to your computer (talking form experinece) and I don't know how reliable all the software are these days - everyone has some security holes one time or the other.

---

posted August 04, 2004 13:52            

New Virus Scan Enables Companies To Determine Naked ShortPositions

Aug 4, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Charles Schwab & Co. (NYSE: SCH), eTrade, Inc. (NYSE: ET), Automatic Data Processing (NYSE: ADP) and NASDAQ (OTCBB: NADQ) are described as players, bad and good, in the new book from Austin-based 3DIntel, "Naked Short Selling: The Illegal Hacking of the U.S. Financial System," by Alan Lomax.

Information about the book is at www.thirtythumbs.com , which the authors say describe the fifteen staffers involved in putting it together.

To complement its publication, 3DIntel said it has unveiled a new patent pending program, called The Naked Short Virus Scan, which enables US based public companies to determine their short position in their stock. "The scan will identify in the size of short, date of occurrence, and the brokerage houses holding the short positions," the company stated.

"U.S. Securities & Exchange Commission regulations in the US prohibit the shorting of all but a relatively small number of stocks that are 'marginable,' usually stocks that are traded on major stock exchanges. However, the practice of naked shorting OTC stocks by some broker-dealers has become a major factor in the falling price of some issues," said the company.

It noted that illegal shorting has been linked to various stock manipulation schemes, and the practice has come under increasing fire from ADP, DTC, CDS, the Berlin Exchange, as well as by various transfer agents.

3Dintel claims that its unique patent pending process can identify the share volume of illegal shorts, and identify the broker dealers originating these positions. "Armed with this information, an issuer is enabled to pursue these nefarious actives in their shares."

The book offers case studies of several U.S. issuers, their cases against U.S. and Canadian

Twenty civil cases have now been filed by O'Quinn, Laminack & Pirtle, Christian Smith & Jewell, and Heard, Robins, Cloud, Lubel & Greenwood, LLP, all of Houston, Texas. The consortium of law firms, famed for the giant awards they obtained suing tobacco companies. The group recently brought suit against the Depository Trust and Clearing Corp. for allegedly participating in the short-selling conspiracy through its "stock borrow" program which the attorneys say is nothing more than an illegal electronic printing press for stock certificates.

Lead counsel John O'Quinn said: "We are committed to the relentless pursuit of justice."

All this has led to some major changes on Wall Street, if not regulatory attentiveness.

Charles Schwab & Co. recently said it is exiting the market-making business. It is one of several market makers that have been the subject of accusations and/or legal entanglements over naked shorting allegations and issues.

The company had said it is either the number one or number two market-maker in more than half of all of NASDAQ's (OTCBB: NDAQ) listed stocks.

Recently observers were surprised to find a comment letter submitted to the SEC by Mike Alexander, Senior VP of Charles Schwab, that admits outright that brokerages regularly ignore rules and regulations, saying it is not rules that need to be written; it is changes in behavior that is needed.

The comments were directed towards proposed changes in the U.S. settlement system, but could easily apply to other regulations as well.

"Improvements in the U.S. settlement system will only be truly achieved if and when regulations are rationalized to ensure that all market participants are held accountable for compliance. For example, the industry has struggled with the issue of institutional trade affirmation for quite some time now. While the benefits to the clearance and settlement system are self-evident, Buy-Side firms and Custodian banks have been resistant to make those changes that provide for same-day trade confirmation / affirmation and assurance of trade settlement," said Alexander.

"Schwab opposes the notion that securities intermediaries such as broker-dealers be required to police compliance," he stated. "The NYSE and other SROs have had trade affirmation rules on their books for some time. However, such rules have not been effective in changing the behavior

of Buy-Side firms or their custodians; nor do the rules provide assurance that the affirmed trade will settle.

"Recognition of this fact is evidence that changes to the settlement cycle not only require overhauling systems, but also changing behavior. We believe that only by holding all market

participants directly accountable for making required affirmations will the necessary changes to behavior," he stated at www.sec.gov/rules/concept/s71304/charlesschwab061604.pdf .

In a June 23 release, the SEC stated it has put into place Rule 202(T), which establishes procedures to allow the Commission to temporarily suspend the operation of the current "tick" test in Rule 10a-1, and any short sale price test of any exchange or national securities association, for specified securities.

Through a separate order, the Commission will suspend, on a pilot basis for a period of one-year, the tick test provision of paragraph (a) of Rule 10a-1, and any short sale price test of any exchange or national securities association, for approximately one-third of stocks in the Russell 3000 index.

The order also will suspend, on a pilot basis for a period of one year, the tick test provision of paragraph (a) of Rule 10a-1 for short sales executed in any security included in the Russell 1000 index after 4:15 p.m. Eastern, and all other securities after the close of the consolidated tape, and until the open of the consolidated tape the next day.

The pilot will commence on January 3, 2005 to permit broker-dealers and self-regulatory organizations to make the necessary programming adjustments.

The Commission deferred consideration of the proposal to replace the current "tick" test of Rule 10a-1 with a new uniform bid test. The Commission could reconsider any further action on these proposals after the completion of the pilot.

Rule 203, which will incorporate current Rule 10a-2 and will create a uniform Commission rule requiring broker-dealers, prior to effecting short sales in all equity securities, to "locate" securities available for borrowing.

There will be limited exceptions from the locate requirement, including for short sales by registered market makers in connection with bona-fide market making.

Rule 203 also imposes additional requirements on designated "threshold securities." Rule 203 defines a threshold security to mean an equity security for which there is an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency of 10,000 shares or more and that is equal to at least 0.5% of the issue's total shares outstanding.

Where a clearing agency participant has a fail to deliver position in threshold securities that persists for ten consecutive days after settlement, the participant must take action to close out the position. Until the position is closed out, the participant, and any broker-dealer for which it clears transactions, may not effect further short sales in the particular threshold security without borrowing or entering into a bona fide arrangement to borrow the security.

Rule 203 will become effective 30 days after publication with a compliance date of January 3, 2005, to permit firms to make programming and procedural adjustments.

Rule 200, which among other things, will redesignate current Rule 3b-3 with some modifications to define ownership and aggregation of securities positions, and include a requirement to mark all sell orders in all equity securities. Rule 200 will become effective 30 days after publication.

The Commission also adopted amendments to Rule 105 of Regulation M to remove the current shelf offering exception, and issued interpretive guidance addressing sham transactions designed to evade the rule.

The amendment applies to short sales effected within five days prior to the pricing of a shelf offering. Such short sales may not be covered with offering securities purchased from an underwriter or other broker-dealer participating in the offering.

The Rule 105 amendments will be effective 30 days after publication in the Federal Register, and the interpretive guidance will be effective upon such publication.

Opponents of naked short selling were, however, quick to denounce the provision that allows market makers an exemption, and many market observers said that the SEC should provide a public list of companies that fall into the "threshold security" category.

"The SEC claims that the number of companies involved in this 'threshold security' category is 4% of all publicly traded companies. If in fact it is that small the process is certainly manageable," said the website InvestigatetheSEC.com at www.investigatethesec.com . "It is also the right of every issuer, in protecting their business and their investors to know the status of their stock trading."

Some were discussing whether the SEC can keep such information private under the Freedom of Information Act.

The marketplace is already upset over promises by the Berlin Stock Exchange, since broken, that it would delist any company upon request.

"Please understand that cessation of trading in the shares of XRAYMEDIA Inc. (OTCBB: XRYM) is not possible," the exchange told one such requester.

It's not just U.S. companies such as Whistler Investments (OTCBB: WHIS), Sonoran Energy (OTCBB: SNRN), Celsion Corporation (AMEX: CLN), and eLinear Inc. (AMEX: ELU) or Israeli companies that have had serious concerns about their unannounced and unathrorized listings on the Berlin-Bremen Stock Exchange.

Apparently, some 150 British companies are protesting the same fate.

A number of UK-listed companies have demanded a London Stock Exchange investigation after they found that their shares are being traded.

Meanwhile, Whistler, Sonoran and eLinear have announced they have successfully secured their delistings, and the U.S. Securities and Exchange Commission has rescheduled its open hearing to consider the adoption of amendments to Regulation Sho to August 4 at 9:30 a.m. The announcement is at www.sec.gov/news/digest/dig061504.txt .

According to the London Money Telegraph, "several companies believe the market for their shares has been distorted and that they have fallen in value after trading started on the Berlin-Bremen exchange.

"Some smaller companies, whose shares are lightly traded in London, fear the Berlin market has been used by speculators to short-sell their shares."

The Telegraph said the number of companies are thought to be as high as 150, including even "larger companies" such as Matalan (OTC: MATNF) and Halfords.

Mladen Ninkov, the chairman of Aim-listed Griffin Mining (OTC: GFNMF), was quoted as saying: "We were put on the Berlin market without our knowledge by a German broker and now we've got about 8m shares out in a short sale. It is horrifying - that is about 4 per cent of the company and it is forcing the price down."

A spokesman for the London Stock Exchange said: "If there is evidence of market abuse we would refer that on to the appropriate authorities."

Whistler said that according to its transfer agent records, "we have 5,504,680 shares held by DTC, but the ADP broker search indicates of 6,217,458 shares being reported by broker/dealers as being held on behalf of their customers, indicating a short position of more than 700,000 shares. A summary report can be viewed at www.whistlerinvestments.com/shorts.html .

"We have therefore commenced work with DTC for a formal review of the reported excessive broker/dealer holdings of our stock so that we can conduct our corporate affairs properly in view of our planned stockholders meeting and other upcoming corporate matters. We again advise our stockholders make sure that they receive delivery of any shares that they purchase, and also that their stock is not being borrowed without authorization.

Holly Roseberry, President of Whistler Investments, states "We intend to get to the bottom of the excessive short position and bring stability back into the trading of our stock. We're happy to say that we have 5,133 stockholders and we expect all our stockholders to benefit from the shorters having to cover their short positions."

FinancialWire has reported on the disclosure that "Dateline," the investigatory TV program aired by General Electric's (NYSE: GE) NBC unit, has purportedly been preparing a blockbuster expose of "Stockgate" (see separate story at www.financialwire.net).

It is not known if "Dateline" has uncovered continuing underworld connections to the scandal, but FinancialWire reported that Dateline may be pointing a large finger of conflict at the U.S. Securities and Exchange Commission itself, which reportedly receives a slice of every transaction fee as part of its budget. According to court filings supported by the O'Quinn/Christian legal network, almost $1 billion annually is received by the Depository Trust and Clearing Corp. for its "Stock Borrow Program," which the lawsuits claim is just a fancy name for counterfeiting, as the DTCC purportedly lends out many multiples of the actual certificates in the float. Apparently the SEC receives a transaction fee for each transaction facilitated by these loans of non-existent certificates, which could knock a hole in its budget should the revenues from the practice be halted.

The North American Securities Administrators Association, comprised of state and Canadian regulators, has pointedly told the SEC that either it must rethink its cozy DTCC relationship, or it hints, some of its more aggressive state practitioners (think Eliot Spitzer) may do the rethinking for the SEC.

Naked short selling is worrisome for hundreds of small U.S. companies, including those recently asking to be delisted from the Berlin Stock Exchange, such as Golden Phoenix Minerals, Inc. (OTCBB: GPXM), Nannaco, Inc. (OTCBB: NNCO), 5G Wireless Communications, Inc. (OTCBB: FGWC), CyberAds, Inc. (OTCBB :CYAD), Provectus Pharmaceuticals, Inc. (OTCBB: PVCT), House of Brussels Chocolates (OTCBB: HBSL), InforMedix, Inc. (OTCBB: IFMX), Tissera, Inc. (OTCBB: TSSR), Americana Publishing, Inc. (OTCBB: APBH), Celsion Corporation (AMEX: CLN), ChampionLyte Holdings, Inc. (OTCBB: CPLY), Pickups Plus, Inc. (OTCBB:PUPS), China Wireless Communications Inc. (OTC BB: CWLC), CareDecision Corp. (OTCBB: CDED), Titan General Holdings, Inc. (OTCBB: TTGH), IPVoice Communications, Inc. (OTCBB: IPVO), Whistler Investments (OTCBB: WHIS), WARP Technology Holdings, Inc. (OTCBB: WRPT), BGR Corp. (OTCBB: BGRR), ICOA, Inc., (OTCBB: ICOA), DICUT, INC. (OTCBB: DCUTE), NHC Communications Inc. (TSX: NHC; OTCBB: NHCMF), Stratus Services Group, Inc. (OTCBB: SERV), Golden Phoenix Minerals, Inc. (OTCBB: GPXM).

Berliner Freiverkehr (Aktien) AG has been singled out as the broker and market maker that has been "listing" the companies. It is suspected that one broker, RA Angsar Limprecht, is involved in all if not most of the listings.

Small public companies are squeezed not only by hedge funds, naked short sellers, overseas listers such as the Berlin Stock Exchange, and the out-of-control "Stock Borrow Program" run by the governance-conflict-laden Depository Trust and Clearing Corporation, but to the amazement of the industry, as often and not by their own regulators.

A new staff recommendation by Annette Nazareth, director of the division of market regulation at the U.S. Securities and Exchange Commission to "outlaw" ownership of paper certificates at the same time the Depository Trust and Clearing Corporation is under intense scrutiny for alleged electronic counterfeiting has begun hitting the small public company markets, company executives, shareholders and manipulative short-selling opponents like the proverbial ton of bricks.

A Dow Jones (NYSE: DJ) article by Judith Burns sparked the uproar, as the inextricably intertwined web of connections between the SEC and the DTC, which is sagging from the weight of conflicted governance by representatives from a rollcall of industry heavyweights, including NASD, which owns NASDAQ (OTCBB: NDAQ), the New York Stock Exchange, Goldman Sachs (NYSE: GS) and Lehman Brothers (NYSE: LEH), to name only a few.

The rule proposal would bar stock transfer agents from handling shares that carry any limitations on transfer. Control over stock certificates is one of the ways that small companies have combated illegal naked short sellers. Burns quoted Nazareth as saying that these companies' "self-help" efforts "aren't helping U.S. markets overall." Nazareth was quoted as saying restrictions on stocks are "a significant step backwards" in the "move from paper stock certificates to automated computerized trading."

Nazareth said that abusive "naked" short selling has been a problem "in some cases," but that is "best dealt with by a pending SEC proposal," presumably Regulation SHO.

SEC Commissioner William Donaldson purportedly publicly refused to answer any questions from the NASD about the timing of the Commission's consideration of the Regulation at a conference where he was simultaneously proposing early reforms of the mutual fund scandals. The Dow Jones said, however, that Robert Colby, SEC deputy market regulation division director, predicted the SEC will take that to a vote in early June.

The Dow Jones report noted that "naked short-selling occurs when sellers don't buy shares to replace those they borrowed, a manipulative practice that can drive a company's stock price sharply lower.

The stock certiticate plan has been put to a 30-day comment periodl Then the SEC would have to vote to adopt it. If adopted, Colby was quoted as saying that regulators might "sue firms that seek to impose restrictions on stock transfers."

The recent lawsuit filed by Nanopierce Technologies (OTCBB: NPCT) alleges that the Depository Trust and Clearing Corp. has a lot of reasons, almost one billion of them a year, to keep illegal naked short selling in operation. It was the shot across the bow by the legendary Houston law firms of Christian, Smith, Wukoson and Jewell, and OQuinn, Laminack and Pirtle, whose notches already include environmental targets, the breast implant industry and the tobacco industry, all brought to their knees.

In comments to the U.S. Securities and Exchange Commission, C. Austin Burrell, who is providing litigation support and research for the law firms, said that StockGate is more massive than anyone may have imagined. "Illegal Naked Short Selling has stripped hundreds of billions, if not TRILLIONS, of dollars from American investors," and have resulted in over 7,000 public companies having been "shorted out of existence over the past six years." Burrell said some experts believe as much as $1 trillion to $3 trillion has been lost to this practice.

He stated that the restrictions on short selling were deliberately put into the Securities Acts of 1933 and 1934 because of the first-hand evidence then available that the "sheer scale of the crashes was a direct result of intentional manipulation of US markets through abusive short selling by a massive conspiracy."

Burrell noted that the 65-lawyer team presided over by lead lawyers Wes Christian and John O'Quinn has uncovered more than 1,200 hedge fund and offshore accounts working through more than 150 broker-dealers and market makers in a joint cooperative effort to strip small and medium size public companies of their value.

Recently the NASD and U.S. Securities and Exchange Commission approved an interim naked short-selling band-aid, requiring U.S. brokers to make an "affirmative determination" that short-sellers, even foreign short-sellers, mostly Canadian, can find certificates to cover before processing the order.

Last year, many besieged public companies sought refuge from the manipulation by seeking to exit the DTC, but on August 4, 2003, the SEC stated "the issues surrounding naked short selling are not germane to the manner in which DTC operates as a depository registered as a clearing agency. Decisions to engage in such transactions are made by parties other than DTC. DTC does not allow its participants to establish short positions resulting from their failure to deliver securities at settlement. While the Commission appreciates commenters' concerns about manipulative activity, those concerns must be addressed by other means."

The Nanopierce lawsuit, said to be the first of many out of the box, emphatically suggests otherwise. According to lawyer Christian, et.al., the DTC is at the very heart of the problem, and has almost a billion dollars a year at stake in keeping the problem.

The Depository Trust Company (DTC) is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the SEC. The depository supposedly brings efficiency to the securities industry by retaining custody of some 2 million securities issues, effectively "dematerializing" most of them so that they exist only as electronic files rather than as countless pieces of paper. The depository also provides the services necessary for the maintenance of the securities it has in "custody."

According to the suit, the DTCC has an enormous pecuniary and conflicted interest in the entire short selling scandal through the huge income stream they were realizing from it every day. They have made literally billions of dollars lending individual real shares, in most cases over and over, getting a fee each time they made a journal entry in the "Stock Borrow Program."

The Stock Borrow Program was purportedly set up to facilitate expedited clearance of stock trades. Somewhere along the line, the DTCC became aware that if it could lend a single share an unlimited number of times, it could collect a fee each time, according to Burrell. "There are numerous cases of a single share being lent ten or many more times," giving rise to the complaint that the DTCC has been electronically counterfeiting just as was done via printed certificates before the Crash.

"Such re-hypothecation has in effect made the potential 'float' in a single company's shares virtually unlimited and the term 'float' meaningless. Shares could be electronically created/counterfeited/kited without a registration statement being filed, and without the underlying company having any knowledge such shares are being sold or even in existence." Burrell said the Christian/O'Quinn lawsuits will seek to show that the "counterfeiting/creation of unregistered shares is a specific violation of the Securities Act of 1933, barring the 'Sale of Unregistered Securities'."

While the Nanopierce lawsuit has been filed at the state level, another companion lawsuit just heading to the courts on behalf of Exotics.com (OTC: EXII) will be argued at the Federal level.

Nanopierce's suit in the 2nd Judicial District Court in Nevada, is Case No. CV04-01079, alleges that the DTC's "stock borrow program" was "purportedly created to address SHORT TERM delivery failures," but that the "end result of the program has been to create tens of millions of unissued and unregistered shares to be traded in the public market," and in some instances resulting in "two or more shareholders who purchase shares in separate transactions to own the same shares."

The complaint alleges that the DTC has a colossal disincentive to stop the "stock borrow" program, booking revenues from services of $425,416,000 and similarly, the NSCC deriving revenues of $293,133,000.

Further, the suit alleges that "open positions" resulting from this activity at the close of business on December 31, 2003, "approximated $3,025,467,000" due to NSCC, and $2,303,717,000 due by NSCC, and unsettled positions of $721,750,000 for securities borrowed through the NSCC's "Stock Borrow Program."

Nanopierce claims that DTCC and NSCC have joined in a "scheme" to "manipulate downward the price of the affected securities, thereby reducing the market value of the open fail to deliver positions." The suit also claims that the s have permitted sellers to maintain open fail to deliver positions of tens of millions of shares for periods of a year and even longer.

It quotes the National Association of Security Dealers as admitting that "concerns have been raised by members, issuers, investors and other interested parties about potentially abusive short selling activities occurring in the marketplace. In particular, naked short selling, or selling short without borrowing securities to make delivery, can result in long term failures to deliver, including aggregate failures to deliver that exceed the total float of a security. NASD believes such extended failures to deliver can have a negative effect on the market. Among other things, by not having to deliver securities, naked short sellers can take on larger short positions than would otherwise be permissible, which can facilitate manipulative activity."

Nanopierce claims that it had "relied on material misrepresentations and omissions by DTC and NSCC in trading its shares in the stock market "without knowledge of s' fraud-on-the market through statements they made about the clearing and settlement services they provided." Further, it claims that the s acted with "scienter" since they had a major financial financial motivation to falsely represent their services, which Nanopierce claims are also anticompetitive.

The largely unregulated DTC has become something of a defacto Czar presiding over the entire U.S. markets system, wielding more day-to-day influence and control than the SEC, the NASD and NASDAQ combined. And, as the SEC's August 4 ruling indicates, its monopoly over the electronic trading system appears even to be protected.

The Depository Trust and Clearing Corp.'s two preferred shareholders are the New York Stock Exchange and the NASD, a regulatory agency that also owns the NASDAQ (OTCBB: NDAQ) and the embattled American Stock Exchange! Regulators, regulate thyself?

In an era when corporate governance is the primary interest for the SEC and state regulators, the DTCC is hardly a role model. Its 21 directors represent a virtual litany of conflict:

They include Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C); Michael C. Bodson, Managing Director, Morgan Stanley (NYSE: MWD); Gary Bullock, Global Head of Logistics, Infrastructure, UBS Investment Bank (NYSE: UBS); Stephen P. Casper, Managing Director and Chief Operating Officer, Fischer Francis Trees & Watts, Inc.; Jill M. Considine,Chairman, President & Chief Executive Officer, The Depository Trust & Clearing Corporation (DTCC);

Also, Paul F. Costello, President, Business Services Group, Wachovia Securities (NYSE: WB); John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER); Donald F. Donahue, Chief Operating Officer, The Depository Trust & Clearing Corporation (DTCC); Norman Eaker, General Partner, Edward Jones; George Hrabovsky, President, Alliance Global Investors Service; Catherine R. Kinney, President and Co-Chief Operating Officer, New York Stock Exchange; Thomas J. McCrossan, Executive Vice President, State Street Corporation (NYSE: STT); Eileen K. Murray, Managing Director, Credit Suisse First Boston (NYSE: CSR); James P. Palermo, Vice Chairman, Mellon Financial Corporation (NYSE: MEL); Thomas J. Perna, Senior Executive Vice President, Financial Companies Services Sector of The Bank of New York (NYSE: BNY); Ronald Purpora, Chief Executive Officer, Garban LLC; Douglas Shulman, President, Regulatory Services and Operations, NASD; and Thompson M. Swayne, Executive Vice President, JPMorgan Chase (NYSE: JPM).

In their comments to the SEC regarding Regulation SHO in January, the 50 state regulators, through their association, the North American Association of Securities Administrators (NASAA) issued what many consider to be a strong warning that if the DTC is not dealt with in the final regulations, state regulators such as New York State Attorney General Eliot Spitzer may step to the plate.

In what many considered to have been explosive comments, Ralph Lambiase, NASAA president and Director of the Connecticut Division of Securities, warned "NASAA urges the Commission to reconsider its stance regarding the role of the Depository Trust and Clearing Corporation (the DTC). As a threshold matter, NASAA believes that the Commission should explicitly prohibit the DTC from lending more shares of a security than it actually holds. The ability of the overall proposed rule would be severely impared unless the Commission undertakes to implement such a prohibition."

As the Nanopierce lawsuit reveals, those were indeed strong words, meddling as it did, in a substantial revenues base for the DTCC.

Recently, leading market makers and brokers named in various lawsuits and other actions, including FleetBoston (NYSE: FBF), Goldman, Sachs & Co. (NYSE: GS), H. Myerson & Co., Inc. (NASDAQ: MHMY), Olde / H&R Block (NYSE: HRB), Charles Schwab (NYSE: SCH), Toronto-Dominion's (NYSE: TD), TD Waterhouse Group, Bank of America's (NYSE: BAC) Banc of America Securities LLC, Societe Generale's (OTC: SCGLF) SG Cowen Securities Corp. vFinance, Inc. (OTCBB: VFIN), Knight Trading Group, Inc. (NASDAQ: NITE), A.G. Edwards, Inc. (NYSE: AGE), Ameritrade Holding Corp. (NASDAQ: AMTD), Deutsche Bank AG (NYSE: DB), and ETrade Group, Inc. (NYSE: ET), were forced to comply with new short-selling market regulations imposed by the NASD after the SEC had "sat on" the NASD request to plug material loopholes for almost 2-1/2 years.

"The new rules expand the scope of the affirmative determination requirements to include orders received from broker/dealers that are not members of NASD ("non-member broker/dealers").

The new rule is on the web at www.nasdr.com/2610_2004.asp#04-03

The rule itself, while welcomed by small companies and their shareholders in the U.S., nevertheless raised an outcry because the NASD's request to put it into effect had set on a shelf at the SEC since 2001.

The scandal has embroiled hundreds of companies and dozens of brokers and marketmakers, in a web of internaitional intrigue, manipulative short-selling and cross-border acctions and denials.

posted August 04, 2004 14:02            

Just found this on another board. Looks like they're taking reservations.

Sterling just got off the phone with Chris from US Canadian Minerals and talked with Ed and UC and there will for SURE be a party on October 29-31 in Las Vegas. As of right now they are taking a headcount of everyone who will attend. This info all came from Sterling's MOUTH.

RSVP at chris@uscanadianminerals.com

posted August 04, 2004 14:09            

Noah thanks for your reply. I don't feel safe in any way either. The best thing you can do is to have all your data backed up.