posted
I dont own this stock or realy follow the thread, but this past weekend I was in Reading pennsylvania for the Lucas oil Nationals. when I was walking through the pits i saw the CMKX extreme machine. i was very surpsrised to see it, they were running in the event. they also had a big rig and a hummer h2 all letered up with "casavant mining, got cmkx?" just thought I would let you all know, good luck
Posts: 43 | From: Pelham NH | Registered: Apr 2004
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quote:Originally posted by Tgrant: I dont own this stock or realy follow the thread, but this past weekend I was in Reading pennsylvania for the Lucas oil Nationals. when I was walking through the pits i saw the CMKX extreme machine. i was very surpsrised to see it, they were running in the event. they also had a big rig and a hummer h2 all letered up with "casavant mining, got cmkx?" just thought I would let you all know, good luck
Thanks for the info, Tgrant!
Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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quote:Originally posted by HarryHar: Can someone who understands all that was posted about the lawsuits summarize for us non-legal people what exactly Urban was being sued for, and what Urban later was suing for? Thanks in advance. I read over it but I'm still in the clouds...
Harry, it is very difficult to get this whole story, having only chapters 2,3 and 4 of a five or more chapter story.
Missing are the original complaint which would have spelled out the charges. Also missing is the last chapter, the courts final judgement. These are the two most important documents to have.
From chapter two (para 16), we get an idea of what occured:
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[16] The defendants allege that the transactions that give rise to the claim in these proceedings arose out of a decision in June 1998 to acquire the shares of Radar, basically a dormant shell that owned some ammonite properties in northern Saskatchewan, to use as a structure to develop a mining venture in northern Saskatchewan. A group of investors agreed to buy the control block of Radar from John Bergen. The agreements were that Bergen would transfer 2.5 million shares to 5 individuals, who did not include Urban Casavant, but did include Casavant’s wife, children, brother-in-law, and Ken Hodgson. The consideration paid for the shares at that time was 4 cents a share. According to the defendants, at the end of July 1998, the first payment on the Bergen block was made, and half the shares in the Bergen control block were delivered. The defendants allege that when the stock of Radar increased from 10 cents to 80 cents a share, all the new owners of the control block wanted to do a private placement in Colorado. They then allege that the relationship among the members of the control block broke down in late 1998. The defendants allege that there was an informal pooling arrangement in place pursuant to which all members of the group would wait for the stock to reach $10.00 per share before selling any. The defendants allege that not all parties respected the pooling agreement, some sold their shares into the market, and the allegations and counter allegations began.
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From this it appears that a group of investors decided to acquire Radar Acquisition Corp. The defendant White Bear Construction and Logsdons are one of those investors. Other invevstors pay in dollars and or equipment and a puchase is made of Radar. There is an agreement between investors not to sell any shares until it reaches $10 per share. Some of those investors allegedly breach that agreement and the deal falls apart. White Bear sues, and Urban responds that nothing was done to offend White Bear, quite the contrary, it is implied that White Bear is one of those breaching the restrictions on selling.
Without the final judgement, we have no idea who is the offending party in this matter. I hope Pennys is able to find the rest, because it certainly isn't fair to UC and family to simpley put out half of an allegation without all of the facts.
[This message has been edited by noahltl (edited September 20, 2004).]
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
I agree Noah, I'd like to know more of the details surrounding these cases. Either way though, what's disturbing is when you read through both the White Bear and the Team Trading cases, both of them mention stock manipulation on the part of Urban. That tells me something about the man right there.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
WELL YOU ALL SURPRIZE ME WALLACE SAYS GOOD INFO ON THE LAWSUIT POST. WELL FOR SOMEONE THAT IS SUPPOSED TO BE SOOOO SMART. THE PLAINTIFF IS NOT THE GUY THAT IS GETTING SUED HE HIS THE ONE THAT IS SUING. THE DEFENDANT IS THE ONE THAT IS GETTING SUED. URBAN IS THE PLAINTIFF NOT THE DEFENDANT GOOD GRASPING AT STRAWS HOWEVER. NICE TRY AT A BASH BUT TRY READING A LITTLE CLOSER. WOW HA HA HA LOL
Posts: 123 | Registered: Jun 2004
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posted
OH AND DONT PAY TO MUCH ATTENTION TO MARKET WATCH OR STOCK PATROL THEY ALWAYS POST NEGATIVE THEORIES ON CMKX. REMEMBER THAT THERE IS ALWAYS NEG SPECULATION AS WELL AS POSITIVE.
AND I STILL CANT GET OVER THE FACT THAT YOU ALL DONT KNOW THE DIFFERENCE BETWEEN A PLAINTIFF AND A DEFENDANT WOW!!!!
posted
why didnt you post that one first hmmm confusing. and where is the docket number and the date. and while your at it why not post a link. the first case sure did have alot of info but that last post you made looked a little fishy please post a link. and remember folks defendent is the guy getting sued. please post the link
Posts: 123 | Registered: Jun 2004
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posted
oh that supposed email came across allstocks a couple months ago. check the other threads. wierd they would email that to you again after so long. they must not like you and decided to make you wait for that email. when I get some time I will get the page and the thread of that same exact post but since it was a while ago it will take some time.
Posts: 123 | Registered: Jun 2004
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posted
sdrobert wrote: WELL YOU ALL SURPRIZE ME WALLACE SAYS GOOD INFO ON THE LAWSUIT POST. WELL FOR SOMEONE THAT IS SUPPOSED TO BE SOOOO SMART. THE PLAINTIFF IS NOT THE GUY THAT IS GETTING SUED HE HIS THE ONE THAT IS SUING. THE DEFENDANT IS THE ONE THAT IS GETTING SUED. URBAN IS THE PLAINTIFF NOT THE DEFENDANT GOOD GRASPING AT STRAWS HOWEVER. NICE TRY AT A BASH BUT TRY READING A LITTLE CLOSER. WOW HA HA HA LOL ------------------------------------------------------------------------------------------ tradingpennys wrote: White Bear Construction Ltd. v. Casavant, 1999 ABQB 1013 Date: 19991222 Action No. 9903 03107 IN THE COURT OF QUEEN'S BENCH OF ALBERTA JUDICIAL DISTRICT OF EDMONTON BETWEEN: WHITE BEAR CONSTRUCTION LTD., KEN HODGSON AND SHARON HODGSON Plaintiffs - and - URBAN CASAVANT, ALLAN MOEN, MCM MINERALS INC., FULL TIME MANAGEMENT INC., AND PAN PACIFIC GEM INDUSTRY (TIANJIN) CO., LTD. Defendants ------------------------------------------------------------------------------------------ Sorry to disappoint you sdrobert, but I did not say "good job" as much as I agree that it was a good job. That was Glassman.
No offense, but "try reading a little closer"? LMAO
Looks like the above one group sued and UC and others countersued.
[This message has been edited by Wallace#1 (edited September 20, 2004).]
posted
In an earlier PR our esteemed council declared that CMKX had no pending litigation. It is a clean company. Hope that helps. You fellows can do the DD and find it pretty easily so I wont post the link.
If you really want to find positive DD. The outcome of the above suit was I believe a wash if I remember right.
Because some parties refused to follow through on the purchase of the stock then the whole thing was off, thus the agreement to hold the shares was null. If I remember right.
Posts: 279 | From: Neodesha Ks USA | Registered: Jun 2004
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quote:Originally posted by Justhis1ce: Hello TW, I was wondering if the CMKX pps would be augmented by .0256 on 10/1 if there will indeed be distribution?
Hi Justhis1ce, that probably would be nice, but I really don't know. Just there has been so much happening with CMKX that I kind of lost track - just getting these notices in the mail and lurking from time to time here. Right now I just in for a long term - I still think something will come out of this. So far as the UCAD divident I got the same notice, but there is nothing in my account yet. Oh well...and good luck to you.
posted
In the above link I posted ... take a look at some of the other "Casavant" names/links.
Posts: 415 | From: CA | Registered: Jun 2004
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posted
From another board, looks like the basher tactics may be changing. Be alert
georgeburns
New basher tactics. « Thread started on: Today at 3:47pm »
-------------------------------------------------------------------------------- I think the bashers on this board have realized old tactics will not work. The shareholders on this board are too strong.
They realize that they can't get you to simply sell.
They seem to be shifting to a new tactic. They are going to try to get you to sell on the initial run. They are going to reinforce the short squeeze by getting more people to sell at lower levels. They are going to try to make you think that CMKX is going to run and then drop back into the dirt like it did the last time.
Not going to happen.
Food for thought.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Is this Friday still the day of reckoning for the shorts or has that been changed?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Let this son-of-b|tch run again, and NO ONE will have to MAKE me sell. I'll be gone quicker than you can say basher, pumper, candlestickmaker. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Of course not, Upman. Dividends are customarily paid 30 days after record date. CMKX failed to announce a firm pay date. So, if it doesn't happen even if the dividend is paid I'm sure there will be a reason for the squeeze of the century to not have happened, if it doesn't.
quote:Originally posted by Upside: Is this Friday still the day of reckoning for the shorts or has that been changed?
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
So even if they pay the dividend on Friday and the stock goes nowhere, the sentiment is still that the naked short position exists?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
i'm still a little unclear on why they can wait till the delivery date to cover. i know somebody came up with the idea that the date of record doesn't matter, but: if it doesn't, why have one? LOL
the dividend may follow the shares, but you should be able to track YOUR (dividend) shares down and get them back.... that's the way it's supposed to work.... i've done it....
[This message has been edited by glassman (edited September 20, 2004).]
posted
It's always a moving target here. Tell me you two haven't noticed. LOL
Upside Member posted September 20, 2004 21:54 -------------------------------------------------------------------------------- So even if they pay the dividend on Friday and the stock goes nowhere, the sentiment is still that the naked short position exists? IP: Logged
glassman Member posted September 20, 2004 21:55 -------------------------------------------------------------------------------- i'm still a little unclear on why they can wait till the delivery date to cover. i know somebody came up with the idea that the date of record doesn't matter, but: if it doesn't why have one? LOL
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Of course we've noticed. I guess more than anything I'd just like to see some of these wild theories put to rest. But, when you've got so many people who have bet the house, family, and future on this stock, they'll keep coming up with new ones right up to the end.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Only an apologetic PR and a padlock are going to make them say, "UNCLE".
quote:Originally posted by Upside: Of course we've noticed. I guess more than anything I'd just like to see some of these wild theories put to rest. But, when you've got so many people who have bet the house, family, and future on this stock, they'll keep coming up with new ones right up to the end.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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