Allstocks.com's Bulletin Board
Topic Closed  Topic Closed
Post New Topic  New Poll  
Topic Closed  Topic Closed
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » CMKX IV New Thread....GOT IT - HOLDIN' IT (Page 23)

 - UBBFriend: Email this page to someone!   This topic comprises 65 pages: 1  2  3  ...  20  21  22  23  24  25  26  ...  63  64  65   
Author Topic: CMKX IV New Thread....GOT IT - HOLDIN' IT
Money_Penny
Member


Rate Member
Icon 1 posted      Profile for Money_Penny     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by Money_Penny:
Good Morning America (and the rest of the world). As you may have heard, Darren Baker has set up a collection account for the benefit of Melvin's wife Vicky, who is terminally ill. Please, please donate some money, I'm sure they can put it to good use. The account Darren set up is with Paypal (www.paypal.com). If you already have an account with PayPal, just log on, click on "send money" and enter Darren's e-mail (darrenbaker@opmercy.com) and the amount you wish to donate. If you don't have an account with Paypal, set-up is very easy. You can either have the funds drawn from your checking account or a credit card. This service is totally safe. It is used by many ebay users as the only vehicle of transferring money. I use it all the time (for ebay mostly) and I am very happy with it. Let me know if you need help with the transaction or anything else. You support will be highly appreciated.

[This message has been edited by Money_Penny (edited July 21, 2004).]


Checking 1...2...3...

HAVE YOU MADE YOUR DONATIONS YET???


Posts: 430 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
pharmdman
Member


Rate Member
Icon 4 posted      Profile for pharmdman     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by Booty Quest:
Let's not forget that Rich is a total fraud! We've already exposed his fake bad english which has purposely gotten worse since we pointed out some excellent english posts of his/hers.

Don't be fooled by the fool. Or your foolishness... I mean your fool... well, the fool who has... uhhh... a fool and his money...? yeah...


This just needed a bump to the current conversation.


Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
Wallace#1
Member


Member Rated:
4
Icon 1 posted      Profile for Wallace#1         Edit/Delete Post 
Highwaychild,

I do not recall saying what you said, but I know it was not endearing. That was the point I was making...just like you did not think righness was saying anything endearing.

Further, what do you want, all CMKX good bullcrap?

pharmdman -

Booty Quest's or anyone else's statements... I have seen no proof and what richness has shown consistently from what I have seen is a problem writing (although he may understand perfectly) the English language.

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

Maybe we have discussed this subject enough.

[This message has been edited by Wallace#1 (edited July 21, 2004).]


Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
RaiderJR
Member


Rate Member
Icon 1 posted      Profile for RaiderJR     Send New Private Message       Edit/Delete Post 
if you have 100 billion os then .0068. And 20 billion =

Due for a nice run I suspect.


I think one reason they are not covering is that they do not know how much to cover. I think they will need a better figure to have a good strategy and will wait a few days to get what info they can. Maybe monday because we may report OS this weekend. IMO


Posts: 279 | From: Neodesha Ks USA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
pharmdman
Member


Rate Member
Icon 4 posted      Profile for pharmdman     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by Wallace#1:
...
pharmdman -

Booty Quest's or anyone else's statements... I have seen no proof and what richness has shown consistently from what I have seen is a problem writing (although he may understand perfectly) the English language.


Then you haven't paid particular attention to his earlier posts. It's ironic that he can't get his English together on here, but he can get it perfect on his business website. Before you say he hired someone, he hasn't. He told me so himself.


Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
Brad
Member


Rate Member
Icon 1 posted      Profile for Brad     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by shadow:
I contacted the office of the Secretary of
state for Nevada to ask them some questions.
They were very helpful and provided the
information that they had on the company.

They also pointed me to regulations that
govern all Nevada public companies.

NRS 78.257 Right of Stockholders to inspect
copy and audit financial records. The down
side is that it requires 15% of outstanding
shares to be owned or authorized in writing
by holders of such shares.

The upside is that I have requested specifically that information from Mr Glenn.
To know if I have enough shares to look at
the books I must know the number of o/s
to know if I meet the minimum requirement.

- All of this speculation is mind numbing -

Lets get some answers and determine how to
proceed.



Shadow,
This is just my opinion but I would think that if Roger Glenn isn't ready for the O/S to be released then you won't be getting it from him until it's released publicly. Even if you're right about the Nevada regulation regarding the disclosure of the information, and even if you were at least a 15% shareholder of the O/S, your request can easily be delivered in good faith well beyond the Aug 20th date.

Meaning, Roger doesn't have to turn your request down to draw out your request till after the 20th. He could easily agree with you to deliver the information and essentially say it takes 4 to 6 weeks to process your request due to a backlog of administrative requests to his office. You have no recourse then to contact the state of Nevada for help because he hasn't denied you anything.

He's a pretty high powered attorney I think most here would agree. He's not going to give you anything that jeopardizes his plan. Especially when he can just delay your request a few weeks. That's nothing for him. JMHO


Posts: 247 | From: Austin, TX | Registered: Jul 2004  |  IP: Logged | Report this post to a Moderator
Upside
Member


Icon 1 posted      Profile for Upside     Send New Private Message       Edit/Delete Post 
originally posted by Money_Penny
quote:
Checking 1...2...3...

HAVE YOU MADE YOUR DONATIONS YET???


Money,
This is probably going to be an unpopular post but some of these questions need to be asked. Do you know if anyone has done any "DD" on Melvins wife, or did he just come out one day and say "my wife has a terminal disease" and now we're sending him money? As hard as it might be to admit, Melvins every word has but one purpose, to sell more shares of CMKX. This could be a horrible attempt at getting a few sympathy buys. A get well or sympathy note seems more appropriate if you fell the need or even a monetary donation if someone knows that they are destitute and his wife really does have something life threatening.



Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
VNGNTN1
Member


Rate Member
Icon 1 posted      Profile for VNGNTN1     Send New Private Message       Edit/Delete Post 
MP
Tap that mic a lttle harder !!
I spoke with Melvin once and did not feel that would be the case. How ever maybe we can have funds accumulated for a while and give time a chance to flush out more details.
Paul has a contact who might know. I will email him and put this question out there. GET BACK TO YOU ON THIS
WALLACE
I never said to much about RF, but his posts were very difficult to wade thru, it was not the english it was the attitude. This more than anything came thru "hating USA" I gave him a chance yesterday to gives us a good pick. His mission was to bash everyone.
VAN

[This message has been edited by VNGNTN1 (edited July 21, 2004).]

[This message has been edited by VNGNTN1 (edited July 21, 2004).]


Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
Wallace#1
Member


Member Rated:
4
Icon 1 posted      Profile for Wallace#1         Edit/Delete Post 
VAN,

Do you think someone should be banned because of their attitude? We do not always agree, but somehow I would find that hard to believe of you.

As to bashing the US, maybe I missed it, I did not see it except for what might have been just 1 and only 1 time.
Yet, others did a lot of bashing in reverse.
-------------------------------------------
Thought you folks might be interested in the fact that UCAD filed an 8K today with the SEC re the deal with CMKX. It appears that they did purchase certain physical assets, but, for some reason, they were not specified. Now I am back to square 1 in the sense that it should be impossible to determine the value of CMKX based upon the 7.5 mil shs and their value. Maybe I am just reading it wrong though.

Would give you the exact site, but I seem to be having trouble doing that. Sorry.

[This message has been edited by Wallace#1 (edited July 21, 2004).]

I did see it on Edgar Online.

[This message has been edited by Wallace#1 (edited July 21, 2004).]


Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
noahltl
New Member


Rate Member
Icon 1 posted      Profile for noahltl     Send New Private Message       Edit/Delete Post 
Richnes, yes I saw your post. So has the moderator. If you think you can continue to come back by just changing your screenname, you had better study up on IP addresses. I think you have probably angered the Mod here a bit too much, and you have chosen the best path for your llfe now, leaving.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004  |  IP: Logged | Report this post to a Moderator
Wallace#1
Member


Member Rated:
4
Icon 1 posted      Profile for Wallace#1         Edit/Delete Post 
Re the 8K filing. I am doing this from memory so I could be wrong, but did I read that UCAD could buy up portions of that 10% option for $1.5 mil per 1%?
--------------------------------------------

Noah,

Mighty "Christian" of you. And don't give me any crap there either. Both my parents were ministers, my sister and her husband are ministers, another sister and brother went to a Bible college in KY (Asbury College) and my favorite cousin and her husband are ministers and just got back from Iraq. I know what Christian is and what Christian does.

Good night.

[This message has been edited by Wallace#1 (edited July 22, 2004).]


Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
noahltl
New Member


Rate Member
Icon 1 posted      Profile for noahltl     Send New Private Message       Edit/Delete Post 

Wallace,

It's obvious that my being a Christian has become a major "burr" under your saddle. I don't preach on this board, and don't intend to. One of the early church leaders, said, "I preach daily, sometimes I use words." Think about that.

But since you tend to obsess over it, let state very clearly that richness was a trouble maker, not because I say so, but because the moderators here said so. I had nothing to do with his first bounce. That was the mods. They decided that he was too much of a disruption to this board, not me.

The moderators are responsible for keeping order here, not me or you. When he comes in here bragging about being able to circumvent the "rules of order" then he becomes an even greater threat to all of us being able to have a board where we can discuss our investments.

Now if you are attacking me for being a person of faith, or the way I practice my faith, I think you are stepping over a line that you don't want to cross. You are beginning to show your true colors more every day. I really didn't think you could stay civil in this "re-creation" of your personna. That's why I wouldn't accept a carte blance agreement to not call your hand anymore.

You have shown tonight a little more of your true personality, and I doubt that you get very much support from the adult members here.

Now, once again, we are wasting thread space on these childish "side issues".


Posts: 2 | From: Noblesville, IN | Registered: Oct 2004  |  IP: Logged | Report this post to a Moderator
tradingpennys
Member


Rate Member
Icon 1 posted      Profile for tradingpennys     Send New Private Message       Edit/Delete Post 
BAD DAY FOR STOCK SCAMS

The Securities and Exchange Commission is taking a major step to assure that investors in tiny over-the-counter companies have access to material information about those businesses and the people who run them.


The SEC is also halting a practice that has allowed many obscure, insubstantial public companies to flood the marketplace with shares.


These developments reflect the SEC’s latest effort to increase transparency in a microcap market that has been a fertile ground for deceptive practices and stock fraud. A series of new rules are directed at public shell companies, which have used existing federal regulations and procedures to avoid disclosure and keep investors in the dark.


On the surface, shell companies can offer an appealing alternative for small private companies that want to become public but are unable to find an underwriter who is willing to handle their Initial Public Offering (IPO). See The Shell Game. They enter into a reverse-merger with the shell that leaves them in control of the surviving public entity.


There are, however, companies that choose a reverse-merger over an IPO for other reasons. These companies are seeking to avoid the exhaustive disclosure that comes with a public offering. In an IPO they would be required to file a registration statement detailing the history of their business, the background of their management team, and the identity of each controlling shareholder. That registration statement also would include extensive audited financial information. In effect, the company and its insiders would be laid naked to the world.


Not every business is eager to make those disclosures, since in some cases the information could motivate the SEC to delay or stop the offering.


Until now, the reverse-merger has enabled private companies to circumvent the disclosure process. The private company gains control of a public entity, but investors are generally flying blind. Historically, companies that merge into shells have not been required to make detailed material disclosures about their business history, management or controlling shareholders. And while public companies that file regular reports with the SEC (which would include every company listed on the OTC Bulletin Board) have been required to file a Form 8-K including audited financial information on the newly acquired private business, all too often that information is delayed, incomplete, or non-existent.


That practice is about to end, thanks to new rules proposed by the SEC on April 13, 2004. Now, after a reverse-merger, the former shell will be required to file a Form 8-K that includes all of the disclosures that would be required if it were registering a class of securities under the Securities and Exchange Act of 1934. In other words, a reverse-merger will no longer be a method for evading disclosure. The curtain will be lifted and investors will have access to material information that is likely to affect their investment decision.


It is about time.


There is yet another reason for investors to rejoice. The SEC has struck a decisive blow against an insidious tool that has been utilized by stock schemers to obtain registered shares that can easily be dumped on an unsuspecting marketplace.


Over the past several years, Form S-8 Registration Statements have been overused, misused, and often abused. The Form S-8 differs from most other registration statements in one fundamental respect – it becomes effective immediately after it is filed with the SEC. Traditional registration statements – such as those used in connection with IPOs – are subject to rigorous review by the SEC, and must be revised, sometimes several times, in response to SEC comments and concerns before they are declared effective. Until that time, the stock being registered may not be sold.


Not so with the Form S-8 – which becomes effective without any advance SEC review.


The absence of a review is even more startling in light of the abbreviated nature of a Form S-8, and the broad – vaguely defined – category of potential stock recipients. In short, a Form S-8 can be used to register shares that are issued to an “employee” under an employee benefit plan.


The real rub, however, lies in the definition of “employee,” which includes officers, directors, consultants, advisors – and yes – attorneys. The definition of “employee benefit plan” is equally broad. Rule 405 of the Securities Act of 1933 defines an “employee benefit plan” as:


any written purchase, savings, option, bonus, appreciation, profit sharing, thrift, incentive, pension or similar plan or written compensation contract solely for employees, directors, general partners, trustees (where the registrant is a business trust), officers, or consultants or advisors. However, consultants or advisors may participate in an employee benefit plan only if:

They are natural persons;

They provide bona fide services to the registrant; and

The services are not in connection with the offer or sale of securities in a capital-raising transaction, and do not directly or indirectly promote or maintain a market for the registrant's securities.


In other words, virtually anyone can fall within the definition of an “employee,” and there are few obstacles to constructing an “employee benefit plan.”


As StockPatrol.com has repeatedly noted, tiny companies with virtually no assets, no operations and no revenues utilize Forms S-8 to hand millions of shares to employees and consultants – many of whom are not even identified. Remarkably, Form S-8 does not even require the recipients of shares to be named. The company may simply register as many shares as it wishes for an employee benefit plan, and later hand them out to unnamed individuals whose identity, background, and services are never described. And while companies are supposed to amend the Form S-8, and name those new shareholders once the shares have been distributed, few ever do.


As a result, shares can be issued to company insiders, their friends and associates and so-called consultants who render no discernible services. Investors, and regulators, do not know who is receiving the stock, or if it is going into the hands of individuals who merit further scrutiny.


Some of the potential for these abuses is about to stop. Under the SEC’s newly proposed rules, shell companies will be prohibited from using Form S-8 to register shares for employee benefit plans. Consequently, those anonymous employees and consultants will no longer have a free flowing pipeline of registered stock.


These important rule changes should prove critical to investors. Former shell companies will be required to provide material information about their new operations, on a timely basis, and will be unable to use Form S-8 to register shares that can be dumped immediately after the reverse-merger. In addition, in the absence of a reverse-merger, shell companies will now be prevented from saturating the market with shares of worthless stock in an insignificant enterprise.


The new rules represent an important, even historic step for the SEC, but regulatory efforts should not stop here. The SEC must commit itself to the process of reviewing each Form 8-K and S-8 in order to assure full compliance – and companies that fail to meet these standards should have registration of their shares revoked.


In any case, the architects of stock schemes should be losing plenty of sleep over these developments.



Posts: 415 | From: CA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
Wallace#1
Member


Member Rated:
4
Icon 1 posted      Profile for Wallace#1         Edit/Delete Post 
Yes, noahltl, I noticed your particular attitude and how you "bury a hatchet". With qualifications, conditions and reservations so you can still grab it. You have some nerve talking about someone else's "true colors".

You are a hypocrite, a phony and a bully as far as I am concerned.

And YOU have the nerve to call richness a fraud?

You even try to come across like you know something about stock trading when, in fact, you really know very, very little. I have forgotten more than you will ever know about securities and securities trading.

Furthermore, you seem to make some kind of ownership claim to this thread just because you started it. Telling people to "carry the ball" while you are at the fair. Get real and get a life!! It is obvious why you started this and the last one. You have even posted on Allstocks more often than I...and you came on later

You say you're not a "pumper"? Just look at the title of this and the last thread you started. No question about it!

GET LOST AND DO NOT BOTHER ME ANY MORE!!!

And you can go whining to Allstocks about me as well for all I care.

[This message has been edited by Wallace#1 (edited July 22, 2004).]


Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
TeenageTrader
Member


Rate Member
Icon 1 posted      Profile for TeenageTrader     Send New Private Message       Edit/Delete Post 
Ok, it seems the me the most important thing (or so I seem to understand it) is what the o/s is, not how many shares have been shorted by MM's or whatever... So. Can anyone give me a time frame of when the o/s should be made public? I mean did they just say we will give out the info sometime in the future, or did they say "we will have the o/s made public before <date>"

TT


Posts: 42 | From: Van Buren,AR US | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
JBCak47
Member


Rate Member
Icon 6 posted      Profile for JBCak47     Send New Private Message       Edit/Delete Post 
Noah,

I thought you were Jewish to be honest

============================================

An evening of mini golf and banana pancakes...

In regards to what someone said about the MM's keeping the pps lower than what it should be, I would say that perhaps they can get people to sell based on no movement... however it is up 25%, none the less maybe they think they can shake some shares lose.

If they bring it down to low like .0001/2/3 there becomes a problem of them reshorting shares or to many buys comming in and the price reclimbs, longs would buy up the weak shares???

If they bring the price up to say .001x they will pay much more.

The best path to choose would be to keep it between .0004-6 range... perhaps weak naked shorts will sell because of lack of instant movement???

This seems to be the case. If the pps goes high now, imagine what it would be by Aug. 20th? So the each trading day they keep it between this range a certain percentage of naked shorts will sell.

To little pps and it will cause buying which could make the pps climb way up...

To high of a pps and the MM's loose more buying power, time and shares...

I think we will see this range for a couple of weeks, in my opinion...

-John-


Posts: 759 | From: Long Island, NY | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
JBCak47
Member


Rate Member
Icon 1 posted      Profile for JBCak47     Send New Private Message       Edit/Delete Post 
TeenTrader,

I would imagine we would need to know by the dividend date, but Aug 20th is only the date for people having to own shares of CMKX.

Still the big mystery...

-John-


Posts: 759 | From: Long Island, NY | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
PAUL
Member


Rate Member
Icon 1 posted      Profile for PAUL     Send New Private Message       Edit/Delete Post 
I have spoken with people that know the family on a more personal level. The information about Vicky is not NEW information. I have spoken to Melvin several times before. On one ocassion months ago the topic of family came up. I have been praying for them for a while now. The information came out the other day, that she was doing a little worse. She is heading for Washington this weekend to meet with some specalist to determine a course of action.

I have spoken with a man that was a pallbearer at Melvins sons funeral. To my understanding, his son fell to the same problems Vicky is having.

The flowers, e-mails and donations were all just responses from people that care and are trying in some way to help.

Anyone who has ever taken their wife to a specialist to consult with them about some life stealing illness probably feels the same way I did. (Been there, done that) Faith, family and friends can make a difference.

I hope for the best for them both.

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

I sure hope to see some more news after the bell today. I like what has been hapening the last few days and think some of this may come to a head pretty soon.

Just my opinion. Nothing concrete to base them on.

Everyone have a good day!


quote:
Originally posted by Upside:
originally posted by Money_Penny
Money,
This is probably going to be an unpopular post but some of these questions need to be asked. Do you know if anyone has done any "DD" on Melvins wife, or did he just come out one day and say "my wife has a terminal disease" and now we're sending him money? As hard as it might be to admit, Melvins every word has but one purpose, to sell more shares of CMKX. This could be a horrible attempt at getting a few sympathy buys. A get well or sympathy note seems more appropriate if you fell the need or even a monetary donation if someone knows that they are destitute and his wife really does have something life threatening.



Donations:
http://helpmelvinswife.net

To send thoughts to Melvin & Vicky: getwellsoon@wgat.org

[This message has been edited by PAUL (edited July 22, 2004).]


Posts: 1056 | From: WINSTON, GA. USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Brad
Member


Rate Member
Icon 1 posted      Profile for Brad     Send New Private Message       Edit/Delete Post 
NEW from Dr.D

Specualtion on JEFF, O/S and more
« Thread started on: Today at 15:53:30 »

--------------------------------------------------------------------------------
We have been looking at JEFF for sometime and I can't get it out of my mind that in my communications with others and Melvin it was alluded to that JEFF is our friend.

I have dismissed this over the months because of the continual down pressure that JEFF is applying to the PPS, but you wold think enough would be enough unless a whole different scenario were in place and JEFF is acting on our behalf.

We are all waiting and desiring to know what the O/S is and as we all also know we are still waiting. The logicall question then ensues as to why? We had a 21 Feb 2004 advertisement authorized by CMKX stating the O/S was est to be 37 billion. We have an unauthorized and possibly bogus report released by telecom through Pacific Stock Transfer several weeks ago stating that 1st Global submitted to them an O/S of 400 billion.

Of course we are talking about Restricted Shares by Urban etc..., options to officers, family and friends of Urban thats been around forever and invested heavily, and the Float (all of us).

With a 500 billion A/S the O/S could be huge, but I would be concerned as to why when the O/S was est by CMKX in Feb 2004 as being 37 billion. If that is the case some heavy diluting had to have went on between Feb 21, 2004 up to when D. Roger Glenn came on board. This would be very understandable if a move had been made by DeBeers or any others to try and take over the Company after they found out there were only 37 Billion O/S with a 500 Billion A/S on the books in Feb 2004.

If that is the case then we can understand the silence on the O/S over the last many months by CMKX and D. Roger Glenn. The silence would be golden if it were a controlled silence by D. Roger Glenn as he has reversed this process and is now making Urban and others retire these shares back into the treasury.

D. Roger Glenn probably had a more effective way to protect from a DeBeers take over than to issue 100's of billions of shares into a restricted position thus increasing the O/S significantly. Thus Urban's desire to have him come on board in the first place.

Urban is great at what he does and I believe he is a very brilliant man and a part of that brilliance is to know your limitations and expertise. I believe Urban realized that and called in another expert to compliment his own brilliance and usher the transition through the barrier reefs so to speak and bring the ship safely home. That expert of course was D. Roger Glenn.

The expertise of D. Roger Glenn has shown Urban and CMKX many various ways to protect the company and safe guard from a takeover without expending so many shares in an restricted position that increasing the O/S
significantly.

With D. Roger Glenn's new plan to secure the company without the need of restricted shares the adjusted and adopted plan was put into action and progress was made to reverse the absolutely essential action Urban must have taken at the time to protect from a takeover by increasing the A/S and placing 251 billion shares in a restricted position among the faithful of CMKX. With the threat thwarted by D. Roger Glenn's new actions now a reversal of of the restricted shares would be ongoing.

In comes JEFF. To remove these we thus need an expert in restricted shares thus the expertise of Brian Dvorak. http://www.144opinionletters.com/
---------------------------------------------------------------------
"Company Profile: 144 Opinion Letters.com is the online division of Dvorak & Associates, Ltd., a law firm located in Las Vegas, Nevada. The firm has been serving its clients since 1992. The Principal of the firm, Brian Dvorak, has been practicing law in Las Vegas since February 1992, and concentrates in the area of removing restrictive legends from 144 stock."
We are a member of the Nevada State Bar Association
---------------------------------------------------------------------

Also we need a Market Maker that can get the job done and JEFF is the best when it comes to Penny Stocks. IMHO.

The restricted shares were obviously not just given to the individuals by Urban but had to be sold to them at probably a very discounted rate possibly .000075. Just a guess, don't crucify me please! So when the retirement of the restricted shares began to take place to reduce the astronomical O/S some kind of controlled flow had to be set.

Remember that this exchange would mean that now possibly 251 billion or more restricted shares issued after 21 Feb 2004 can now be retired to the treasury and the O/S is immediately reduced by that many shares.

It is only a possibility that our leaders are in the process of reducing that O/S and I believe it will be to our benefit to let them reduce it all they want to. The PPS is completely bogus right now IMO. It is being intentionally held down by JEFF for a reason.

Also Remember, Melvin said Jeff was our friend, but the only way I can imagine he could be is to be helping Urban and Glenn sell and retire shares back into the treasury because he is keeping the bid down by sitting on the ask and gobbling up the bids

If JEFF is our friend and is actually working with CMKX to retire without the other MM's knowing what is really going on then JEFF, Urban, D. Roger Glenn are thus producing money for the company, family, and friendly insiders that purchased the restricted shares at a low level and are buying them back with CMKX dollars and retiring them into the treasury.

Why hold it down? So the buyback can remain at a very low level. Remember at the time of the issuing of the restricted shares, after 21 Feb 2004 until D. Roger Glenn, we were pretty much at .0001. If the restricted shares were purchased by insiders at a rate of .000075 then a sell back to the company for .0001 - .0005 or whatever would generate income for those that helped save CMKX during the turbulent times, but would also reduce the O/S significantly thus increasing share holder value for the rest of us.

If we are in a major buy back of restricted shares into the treasury then this would account for JEFF sitting on the ask for months and not afraid to do it. It would also account for the silence of the company on the O/S, financials, and audit as a whole, plus Melvins comments that JEFF is our friend.

The reduction of the O/S can continue by CMKX until there is virtually nothing left but Naked Short Shares depending on the actual resources and availability of shares that CMKX has. This would sort of coincide with Sterlings theory of a "negative O/S" or something to that nature I read a month or so ago. At that point the only float are NSS and the MM's are in big trouble.

The MM's, not JEFF of course, would have to push the PPS astronomical trying to get shares that aren't even there and the only thing they can do is pump the PPS until they get every last CMKX NSS they have in their position. This might sound radical and outside the box thinking for sure, but it actually is a possibility. Maybe not a probability, but a definite MAYBE!

These are just my opinions and I ask that you treat them as such. Nothing here is meant to be directly related with any actual occurrence with CMKX whether inferred or implied. Please wait for PR's to bring forth any trading facts you may be looking for.

Success is ours.

Dr.D


*************************************************************
His followup post to these:

palos
Moderator
Re: Specualtion on JEFF, O/S and more
« Reply #1 on: Today at 19:13:25 »

--------------------------------------------------------------------------------
good read but still I don't see why most of the market activity is on the ASK side...should not JEFF be active on the BID to buy back shares to retire..or can they show it as a sale ? ? ? on the ASK side
Logged

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

Alex
Newbie
Re: Specualtion on JEFF, O/S and more
« Reply #2 on: Today at 20:15:07 »

--------------------------------------------------------------------------------
Doesn't UC buy from JEFF, by getting the shares at the ASK?
Logged

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

DrDiamond
Moderator
Re: Specualtion on JEFF, O/S and more
« Reply #3 on: Today at 22:17:37 »

--------------------------------------------------------------------------------
JEFF would have to stay on the ask for the sellers of the restricted shares and he would also get the buy on the other hand. Just mostly in house transfers.

But what is neat is that the MM's may be trying to push the PPS up to get us to sell so they can cover and JEFF is keeping it down retiring shares until the MM's barely have enough time to cover. The Bid would go up fast in order for them to cover fast.

It would be nice to see them getting their own medicine for a change.

Just a wild thought. Nothing more.

Dr.D


Posts: 247 | From: Austin, TX | Registered: Jul 2004  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post 
i agree with wallace, richness is not the bnrightest bulb in the box but he has a right to post his opinion just as everyone else. english is not his first language and he may not know the complete meaning of every word or phrase he uses. allstock has a www. in the front of its web addy...www stands for world wide web. i have a real problem with ppl in the usa living here and not learning english but richness does not live here. the tryth is he called everyone in allstocks stupid any person that buys penny or otc stocks was stupid according to richness but that opinion is his right and to be banned for using his rights is wrong and against everything the usa stands for. that sarki1 (what ever that morons name is) is much more of an idiot but he stays because he only say good things,,,, just my opinion
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
TradingWizard
Member


Icon 12 posted      Profile for TradingWizard         Edit/Delete Post 
tradingpennys I liked your post about SEC.

Paul / Darren / Money_Penny
and others doing the right thing. I can imagine what Melvin and his wife are going through, been there (I have 10 yrs old cousin who about 3 months ago was diagnosed with cancer of lymphatic system - doing well now). After then been looking at life from different angle - live every day, not tomorrow.

------------------
'Alone we can do so little; together we can do so much.' - Helen Keller


Posts: 1021 | From: Canada | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Money_Penny
Member


Rate Member
Icon 10 posted      Profile for Money_Penny     Send New Private Message       Edit/Delete Post 
Goodbye Sarki, you had it coming!
Posts: 430 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
VNGNTN1
Member


Rate Member
Icon 1 posted      Profile for VNGNTN1     Send New Private Message       Edit/Delete Post 
WALLACE
I believe the number was $15m option
So when it is excercised it will change my assesmnet from thread III below
= = = = = =
VNGNTN1
Member posted July 18, 2004 09:55
--------------------------------------------------------------------------------
WE NOW HAVE A VALUE OF COMPANY
UCAD PPS=3.40
7.5m share = 5%
$3.40*7.5m=$25.5m = 5%
100/5=20*$25.5=$510m
- - - -
The new value will depend on pps of UCAD when done, but using 4.75 close yesterday we should have a new value of:
UCAD PPS=4.75
7.5m share+$15m = 15%
$4.75*7.5m=$35.6m+$15m=$50.625m= 15%
100/15=6.666*$50.625=$337.5m
- - - - -
I believe this has proved my point earlier that value is transferring to UCAD and is further verified by UCAD price holding.
VAN
PS
WHAT IF
CIM is or has been organized under UCAD ???
Short won't be able to touch that company until Sept,30/04 A month after Both dividends have been paid. Now this is a positive.

[This message has been edited by VNGNTN1 (edited July 22, 2004).]


Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
Upside
Member


Icon 1 posted      Profile for Upside     Send New Private Message       Edit/Delete Post 
originally posted by Paul:
quote:
I have spoken with people that know the family on a more personal level. The information about Vicky is not NEW information. I have spoken to Melvin several times before. On one ocassion months ago the topic of family came up. I have been praying for them for a while now. The information came out the other day, that she was doing a little worse. She is heading for Washington this weekend to meet with some specalist to determine a course of action.
I have spoken with a man that was a pallbearer at Melvins sons funeral. To my understanding, his son fell to the same problems Vicky is having.

The flowers, e-mails and donations were all just responses from people that care and are trying in some way to help.

Anyone who has ever taken their wife to a specialist to consult with them about some life stealing illness probably feels the same way I did. (Been there, done that) Faith, family and friends can make a difference.

I hope for the best for them both.



Thanks Paul!


Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
tradingpennys
Member


Rate Member
Icon 1 posted      Profile for tradingpennys     Send New Private Message       Edit/Delete Post 
Thank you Tradingwizard.
________________________
Wallace I agree with you about richness and the donation thing. I am donating enough in the way of having bought stock. Don't think for a minute that melvin isn't getting his cut.
________________________
Looks like Dr D is seeing the possiblity also that the shares out there are in the BILLIONS. The comment that "Jeff is our friend" I take as Jeff is part of the plan of getting these shares sold that have been dumped.
_______________________

Posts: 415 | From: CA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
flashovertx
Member


Rate Member
Icon 1 posted      Profile for flashovertx         Edit/Delete Post 
Im needing an explanation: I understand what naked shorting is, but relative to CMKX, what happens when a NSS is covered? And by "covered" does that mean sold? I dont understand that if the OS is 100 billion and there are 200 billion naked shorts, where is the value of the stock for those with "imaginary" shares??
Posts: 86 | From: Dallas, TX | Registered: May 2004  |  IP: Logged | Report this post to a Moderator
tradingpennys
Member


Rate Member
Icon 1 posted      Profile for tradingpennys     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by flashovertx:
Im needing an explanation: I understand what naked shorting is, but relative to CMKX, what happens when a NSS is covered?
If there was a NSS then the shares had been bought.
And by "covered" does that mean sold? No. Bought.
I dont understand that if the OS is 100 billion and there are 200 billion naked shorts, where is the value of the stock for those with "imaginary" shares??

There isn't any imaginary shares in our case there are peoples idea's that there has to be. It would take almost a year to sell off the shares that have been dumped at the rate of 1.5 billion a day.


Posts: 415 | From: CA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
VNGNTN1
Member


Rate Member
Icon 1 posted      Profile for VNGNTN1     Send New Private Message       Edit/Delete Post 
FLASH / TP
There MUST be an offsetting share in MM account or thier company CANNOT balance the books. When a share is covered that share is removed from NS inventory account.
On page 14 @ 11:21 I setup a test you can do to see how this works. You can do it by hand or setup an Excell page to do it.The summary is No matter NSS inventory + or - The cash account is always Positive. They can cover an amazing omount of short quickly by increasing spread. That is why watching Bid/Ask for spread is a good indicator.
ALL
CHARITY is a difficult concept to understand but seems to become clearer as you age(you see things ,know people,etc with huge problems and wonder what you can do) This is a small quiet voice within a person, Somehow when a situation comes up(Melvins Wife) the voice speaks and you answer. This is not for everyone and no negative thoughts or consequences occur if you disagree, but for those who do life SEEMS better.
VAN

[This message has been edited by VNGNTN1 (edited July 22, 2004).]


Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
tradingpennys
Member


Rate Member
Icon 1 posted      Profile for tradingpennys     Send New Private Message       Edit/Delete Post 
Van,
"That is why watching Bid/Ask for spread is a good indicator."
On my program the bid/ask is always tight .0004 / .0005 the size states 16,960x2. The size I haven't quite gotten the grasp of how that works yet. I know that you have to add 2 zeros to the 16,960.
About the charity - I have lost many friends to cancer and other health problems. I have lost my sister recently. Prayers I think used by many work the best. Since love is all we can take with us when we leave.

Posts: 415 | From: CA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
Brad
Member


Rate Member
Icon 1 posted      Profile for Brad     Send New Private Message       Edit/Delete Post 
Just FYI, the CMKM site has the latest PR on the front page.
http://www.casavantmining.com/index.html

[This message has been edited by Brad (edited July 22, 2004).]


Posts: 247 | From: Austin, TX | Registered: Jul 2004  |  IP: Logged | Report this post to a Moderator
Money_Penny
Member


Rate Member
Icon 1 posted      Profile for Money_Penny     Send New Private Message       Edit/Delete Post 
John,

Has your order filled yet? - Mine's still hanging out there.


Posts: 430 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
tradingpennys
Member


Rate Member
Icon 1 posted      Profile for tradingpennys     Send New Private Message       Edit/Delete Post 
Don't Force The Shorts To Get Dressed

"Naked shorting" helps to curb hype and crime associated with microcap stocks

Business Week:
Commentary by Gary Weiss
December 8, 2003

At a time when the stock market is in a state of chronic schizophrenia, with a year's worth of gains being chipped away, one corner of the market has withstood the recent travails far better than any other: small-cap stocks. The Russell 2000 Index of such stocks is up 37% so far this year -- double the gain in the Standard & Poor's 500-stock index.

And in October, trading volume in the very smallest stocks, which are listed on the OTC Bulletin Board, climbed 400% over a year ago. Good news -- but only up to a point. Regulators have long warned that such stocks are notoriously prone to manipulation and hype.

And that is where short-sellers perform a valuable role. Shorts wager on stock price declines by borrowing stocks and then selling them, in the hope of buying them back at a lower price. So, with microcaps becoming frothy, you'd think that the Securities & Exchange Commission would be encouraging the practice. Instead it has done the exact opposite. On Oct. 29, in a move that received little attention outside the securities industry, the SEC caved in to a vociferous campaign by microcap companies and proposed a rule that would curtail the primary form of short-selling that can deflate the hype of small stocks.

The new rule is designed to stamp out what is known as "naked" short-selling. It works like this: Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. But some professional investors and hedge funds take advantage of loopholes in the rules to sell shares without making any attempt to borrow the stock. The new rule would effectively ban such short-selling.

Critics of shorting say this move is a good idea. They maintain that thinly traded microcap stocks are vulnerable to aggressive short-selling. Gayle Essary, CEO of Investrends Inc., a research service that focuses on small companies, says naked shorting "screws shareholders. They put $3,000 into a stock they think is going to cure cancer or something, and before you know it their stock is worth $300."

But there is another side to the story. Short-sellers argue that the SEC action would eliminate the only market force against overhyped -- or even fraudulent -- small-cap and microcap stocks. And that, they maintain, would be as devastating for ordinary investors as it would be -- financially -- for the short-sellers. "It would crush the whole business of market-making and short-selling and enhance a hundredfold the crime level in these stocks," asserts one New York short-seller who -- like all shorts interviewed for this article -- requested anonymity.

There’s no doubt that shorts often drive down the prices of thinly traded stocks. The problem is that such stocks often became tempting to shorts only because they are richly priced as a result of manipulation. A good example of that took place in the mid-1990s, when several microcap brokerage firms, including Hanover Sterling & Co., collapsed after shares they had promoted to sky-high levels were attacked by aggressive shorts. Hanover brokers and managers were subsequently imprisoned for stock fraud.

Shorts argue that if naked-shorting had not taken place during the microcap crime wave of the 1990s, such stocks would have climbed even higher before they crashed. In the past, the SEC was loath to act against naked shorting, but it now has succumbed to organized pressure -- including a letter-writing campaign encouraged by more than 100 microcap companies, organized as the National Assn. Against Naked Short-Selling (NAANSS).

The arguments used by the organized opponents of naked shorting, lamenting the supposed depredations of short-sellers, are so repetitious that the SEC has categorized their comment letters -- which are piling up at the agency -- as "Letter Types A, B, C and D."

So who is behind this campaign? Calls to the NAANSS were answered at a firm called Investor Communications International, whose clients include companies attacked by shorts. Their anger is understandable. The market is a ruthless place, but it's supposed to be. The SEC should let it work -- and not cave in to this campaign to suppress the only force that can curb hype in the resurgent microcap market.


Posts: 415 | From: CA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
Money_Penny
Member


Rate Member
Icon 1 posted      Profile for Money_Penny     Send New Private Message       Edit/Delete Post 
Oh sure, now naked shorting, which is killing small legitimate companies left and right, while the MMs are getting rich off it, is a GOOD thing? Naked shorting is to protect the investors? Give me a break.
Posts: 430 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
tradingpennys
Member


Rate Member
Icon 1 posted      Profile for tradingpennys     Send New Private Message       Edit/Delete Post 
Penny-Stock Fraud, From Both Sides Now http://www.rgm.com/articles/nytimes2.html
........
Very interesting article on how Stockpatrol.com came into being. I like the articles on that site. They are straight and to the point. Easily understood.

Posts: 415 | From: CA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
tradingpennys
Member


Rate Member
Icon 1 posted      Profile for tradingpennys     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by Money_Penny:
Oh sure, now naked shorting, which is killing small legitimate companies left and right, while the MMs are getting rich off it, is a GOOD thing? Naked shorting is to protect the investors? Give me a break.

I know... I wonder who was behind the thinking on that article. lol


Posts: 415 | From: CA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
  This topic comprises 65 pages: 1  2  3  ...  20  21  22  23  24  25  26  ...  63  64  65   

Post New Topic  New Poll  
Topic Closed  Topic Closed
Open Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2019 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share