quote:Posted by: Jim Bishop In reply to: H2NRG who wrote msg# 56022 Date:5/27/2005 11:00:50 AM Post #of 56061
Possible, but I checked with NASD and they checked with Naz and I think they would have noticed if the 10 rule was not met...they said all was in order, no mistakes, dates were good and valid.
quote:Originally posted by Purl Gurl: George, I would simply be fascinated to read your logic behind your conclusion I am, in fact, a poster using a moniker, "JustTheFaxMaam."
abadgoodgirl
nothing fancy...just a wild guess...glad you are back. I missed you so you know someone cares...
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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posted
It would seem as if this goes back to improper handling of the reverse split....I think this company has a lot more skeletons in their closet than we even know.
Posts: 529 | From: Tx | Registered: Sep 2004
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posted
Purl Gurl... what's your prognostication about where this all ends up? Will we get our FS due bill shares? Will they still be worth the same or more than yesterday's quotes?
Posts: 257 | Registered: May 2005
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quote:Posted by: matrix In reply to: Susie924 who wrote msg# 722 Date:5/27/2005 11:35:03 AM Post #of 724
What a fine job Purl Gurl did here. She bothered so many people they definitely took action. This will give them two more weeks to figure out what to do w/ this mess.
posted
so, we're f'd; no broker will touch this once suspension is over...anybody disagree?
What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended?
No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.
Will trading automatically resume after ten days?
It depends on the market where the stock trades. Different rules apply in different markets.
For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.
In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.
posted
Our California Governor Terminator just ordered "erection enhancement" drugs no longer be provided, for free, to paroled sex offenders through Medicaid.
He states, "I am concerned they will become blind."
quote:Originally posted by BuyTex: so, we're f'd; no broker will touch this once suspension is over...anybody disagree?
What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended?
No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.
Will trading automatically resume after ten days?
It depends on the market where the stock trades. Different rules apply in different markets.
For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.
In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.
My HSYN shares have been in this situation for months now--only trading on the Greys. If HSYN is an indicator, then it doesn't look good. However, with all the attention given to GVRP, it might turn out differently. Let's hope so, anyhow.
Posts: 257 | Registered: May 2005
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2005-05-27 03:30:41 B: Equity Bridges Financial Relations: CMKX owners group update on the battle of naked short sales of CMKX securities ( M2 PRESSWIRE )
May 27, 2005 (M2 PRESSWIRE via COMTEX) -- Wayne Pedersen, President of Equity Bridges Financial Relations, comments on The CMKX Owners Group that is battling naked short sales in CMKM Diamonds Inc. (Pink Sheets: CMKX).
This news release is primarily being sent out to alert investors of CMKX that may not be aware of updates from the CMKX Owners Group.
I am pleased to announce that John Martin and Bill Frizzell have started mailing out letters to all of the shareholders that have not faxed in their statements to Frizzell Law Firm. We believe that these people may not be reading message boards and even press releases so John and Bill are taking on this huge administrative task on behalf of you the stockholder. Right now there are approximately 7,000 stockholders that have faxed in their statements. There are approximately 52,000 stockholder accounts remaining. John and Bill have hired temporary staff to help out with this huge administrative task.
I am also pleased to announce that a great deal of stock has already been accounted for out of the 7,000 stockholders that have stepped forward. When the remaining stockholders are contacted, Bill anticipates having overwhelming evidence to prove beyond a reason of a doubt that a naked short position exists in CMKX. What does that mean for stockholders? This means that all of us will have made history in coming together as a team of investors fighting for "what is right". I am not aware of any investor group representing a single company ever coming together as a team to fight naked shorting. Everyone involved needs to pat themselves on the back for helping out not only themselves but their fellowman.
been watching this (FROM THE SIDELINES LOL)for 2 years now
i think maybe we beat them to the PUNCH.... in two weeks
that's efficiency....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by Purl Gurl: H2NRG, my prognostication is there are those who will wish others had made use of KY jelly.
Purl Gurl
Who should be stocking up on the KY? A. Gluv? B. Brokerage firms (Ameritrade)? C. MMs (EFGI)? D. Or those of us who bought into this mess?
Posts: 257 | Registered: May 2005
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