quote:Originally posted by bckibler: If you think this is a scam then it would have to be a scheme of monumental proportions and you don't usually involve prestigious attorneys if you're out to scam folks. I imagine you would actually try to avoid contact with the legal element.
but you always need an atourney when you area about to go to jail. I am convinced that Rogers only job is to advise Urban how to minimize the time he will spend in jail for stock fraud.
posted
i just had a little chat with God. he said to say Hi to everyone here, and he wanted me to let you all know not to worry.
he is meeting up with Roger Glen and they are carpooling over to the SEC office and they are going to straighten up this mess.
God also said that there are certain Christian Traders that are not acting Christian and that he knows who you are and what you are doing. so he is working on a plan with the Almighty MM's and they are going to loose track of your shares while all the other Christians will be basking in the wealth.
funny thing though when i was talking to God, was wearing a shirt and the name Melvin was on it. He sounded allot like Melvin as well.
Could it be that it wasn't really god.
Na he said he was god and told me that he wished he could show me what was on his desk. I mean it was god and he wouldn't lie.
i see it as the best thing that could have happened to have all these investigations, Gag orders and trading halts and extensions.
GOD said it will be ok and to buy more shares.
NOT
[This message has been edited by penny-trader (edited November 09, 2004).]
posted
Will, I also wondered about the truth concerning Melvin's sick wife. Did not get sucked in on that one. That really pissed me off because it was suggested and presented in the guise of godliness.
I figured if he was such a great guy, that UC would help he and his wife out...if she truly was/is ill.
Guess he also got some money by selling unregistered shares as well. Bet he wasn't hurting as much as some of the CMKX $8,000 and up shareholders.
posted
Wallace, you just don't understand this stock, you find negatives where there aren't any. You were dismissed as a fool. Don't expect an apology.
quote:Originally posted by Wallace#1: They told me I would be eating crow? They promised me they would be around to eat crow if they were wrong!!
Where the hell are those cowards now?
Hiding over on some ct board?
Keeping their big mouths shut because they know others were correct in their observations and assessments?
Distorting more in their minds?
Trying to discover ways to save face?
Praying that God will step in and save the day?
Cannot face the music but can provide all the off key notes? Flat ones at that!!
Finally discovered that what they referred to as "bashing" and "negative" was really FACT they refused to acknowledge!!!
"Wallace, you just don't understand this stock, you find negatives where there aren't any. You were dismissed as a fool. Don't expect an apology." *********************************
Don't you think that is the least they could or would do if they had any integrity? Or any true beliefs about right and wrong? Or any belief in the teachings contained in the bible or in their so-called christianity?
quote:Originally posted by Upside: I don't know though, what are we going to do if we're wrong?
************************************
At least I would be big enough to admit I was wrong and apologize for any hard feelings...subject to excepting certain posters and those I would be willing to name.
Looking at the reality of the current situations/problems and their past record, being wrong is very unlikely.
quote:Originally posted by Upside: We'd have to throw a "beat the hell out of the bashers party" with our newfound riches. Who wouldn't make the invite list Wallace?
Well if it's a "beat the hell out of the bashers party", I know I will be invited since I was called that (as well as other things) about 30 times every day I posted and another 20 times when I did not post. QUACK! QUACK! QUACK! LOL j/k
posted
Not to worry. This thing is in a dive. Roger couldn't save it with a note from Jesus. He isn't even trying to save CMKX, just the clowns butts. Guess we have to wait for the the BK announcement before the faithful admit defeat. When their $25,000 is worth $250 they still might not throw in the towel.
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posted
Will, if they have been buying every time they say they are, bet it's closer to $30K+. Don't you think Jesus would have told them to stop buying sooner if he believed in them?
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quote:Originally posted by will: Why wasn't the short position exposed when the UCAD dividend was paid to out accounts with restricted shares? Explain that in clear detail to me. Break it down like I'm a six year old, so everyone can follow your logic and undertstand your explanation.
Well to do that I would need to bust out my double cover squeeze of the century spec-o-lation skilletz.. can you dig it suckas!!!!
quote:Originally posted by Wallace#1: Will, I also wondered about the truth concerning Melvin's sick wife. Did not get sucked in on that one. That really pissed me off because it was suggested and presented in the guise of godliness.
I figured if he was such a great guy, that UC would help he and his wife out...if she truly was/is ill.
Guess he also got some money by selling unregistered shares as well. Bet he wasn't hurting as much as some of the CMKX $8,000 and up shareholders.
No FLURKIN SHYTE I raised that point way back in july and I got banned for being insensitive.. my logic was...
IF we are all going to be millionares then what the fyck does melvin's wife need a fund?? SImple the only people going to be millionares is melvin and Urban and his crooked family by ripping naive spec-o-lators off.
1.) the "respondents" haven't requested a hearing per the terms of the temporary order
2.) the guys with power haven't gotten the info they needed
3.) the guys with power will continue to protect the public interest.
Therefore, the temporary order (which had an end date) will now become open-ended until our boys respond appropriately.
LOL the JIG is up where the hell is pharmdman and noah dam pricks
uesday November 9, 9:44 PM EST
NEW YORK (Dow Jones)--Canadian securities regulators in the province of Saskatchewan have extended a temporary order enjoining insiders of CMKM Diamonds Inc. (CMKX) from selling the company stock to residents.
The Saskatchewan Financial Services Commission said Tuesday that it extended its original temporary Order barring insiders of CMKM from selling unregistered stock "until the Commission is provided with satisfactory information."
According to the commission's original order, which was scheduled to expire Nov. 9, Urban Casavant, David Desormeau and Melvin O'Neil traded shares of CMKM Diamonds and its predecessor Casavant Mining Kimberlite International, "when they were not registered pursuant to section 27 of the Act."
That order also stated that Casavant, Desormeau and O'Neil have, "with the intention of effecting trades in the securities of (Casavant Mining and CMKM) made statements which they know or ought reasonably to know are misrepresentations."
Casavant is CMKM president and a very large shareholder, O'Neil is the company's spokesman and Desormeau is, or was at one time, CMKM's chief financial officer.
CMKM Diamonds has been the subject of four "In The Money" Dow Jones Newswires columns that highlighted its huge daily trading volume and the lack of information surrounding the company and its mineral claims. According to the corporation department of the state of Nevada, there are currently 800 billion shares of CMKM authorized.
Billions of CMKM shares trade daily but because it trades on the unregulated Pink Sheets, the company doesn't have to provide any financial information to its shareholders. Although CMKM has declined to say just how many shares are outstanding, a recent dividend payment related to U.S. Canadian Minerals Inc. ( USCA)'s acquisition of 5% of CMKM Diamonds' mineral claims indicated that some 780 billion shares had been issued.
-By Carol S. Remond; Dow Jones Newswires; 201 938 2074; carol.remond@ dowjones.com
that woman "rushing" the podium at the shareholder party should be Time magazines Person of the Year!!!!
Simply speaking, market manipulation is the conducting of market activities to interfere with the actual supply and demand of securities or derivatives so as to create a false or misleading appearance of the price or turnover of the securities or derivatives.
This can be done by creating a false or misleading market by driving up, suppressing or stabilising the price of the securities in question. They may also mislead investors by creating the appearance of active trading of the securities through transactions in which a person buys or sells securities without a change of beneficial ownership in the transaction, ie. wash sales.
How can market be manipulated?
Market manipulation tactics include:
1. The release of false or misleading information.
2. The taking up of wash sales from one another within a certain trading period to increase the turnover of the stock or distort the actual share price.
3. The placing of purchase orders at slightly higher prices or sale orders at lower prices to drive up or suppress the price of the securities when the market just opened, ie. "marking the open".
4. The inputting of either buy or sales orders at escalating higher prices at the end of the day (usually at the last 5 minutes) and concluding with a buy order to peg the closing price at a higher price. This is known as "marking the close". Sales orders will then be input on the next day at the price established by the previous "marking the close" activity. More recently, rampers have been "marking the close" via internet trading.
5. The drying up of stocks supply to exert undue upward price pressure on the stocks. This is known as "cornering shares".
What are the penalties for market manipulators?
Market manipulators will be subject to severe punishment. Starting from 1 April 2003, the parallel civil and criminal regimes under the Securities and Futures Ordinance enable the SFC more effectively to combat market misconduct like market manipulation. A Market Misconduct Tribunal (MMT) has been set up to handle civil cases of all forms of market misconduct including market manipulation, insider dealing and the dissemination of false and misleading information about securities or futures contracts. The MMT will decide cases on the civil standard of proof and can impose a range of civil sanctions such as ordering the disgorgement of profits, "cease and desist" and "cold shoulder" orders, and disqualifying a person from directorship or management of a company.
On the other hand, offenders will be prosecuted where there is sufficient evidence for a criminal prosecution. If convicted, the market manipulator may be subject to imprisonment for a period of up to 10 years and a fine of up to HK$10 million.
Any SFC licensee found to have taken part in market manipulation may have their licence suspended or revoked.
How can investors avoid from suffering losses due to market manipulation activities?
Do not follow the herd, or trade on rumour Market manipulators usually stock up on the target securities and use various tactics to drive up their prices before offloading them to take profits. If investors only make their investment by following others blindly, they may have unintentionally added to the effects of a manipulation started by a ramper.
Do your homework before investing in a stock Investors may also suffer losses for the securities they buy at a high price when the market manipulators stop pumping up the price because there will be very little real demand for the securities. Investors should gather sufficient, credible information and do their homework before investing in a stock. This includes:
- pay attention to the price history and liquidity of the stock, because historical share prices and liquidity are always better indicators of value than recent movements;
- read the official announcements of listed companies. Companies are obliged to make disclosures regarding share concentrations. When such announcements are made, investors should exercise caution if tempted to buy a rising stock;
- think carefully when purchase a rarely traded stock as it may be difficult to sell at a satisfactory price.
- study the fundamentals of the stock and make analysis and comparison so as to assess its intrinsic value. Factors to be considered in making an analysis include profit, P/E ratio, dividends, book value and liquidity, etc. To have a better understanding of fundamental analysis, visit the "Portfolio Management" subsection in the "Features" section and the "Investment Analysis" subsection in the "eLibrary" for more information.
[This message has been edited by tradingpennys (edited November 10, 2004).]
posted
I can see why no one else is posting. Will and Upside are having too much fun with each other. Private playtime for them I guess. Go for it boys.
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I have been away on a case in Europe for a month. I returned here, to check up on what was happening with my investment in CMKX, only to discover "This????".
What has happened here? There used to be active discussion, pro and con, of the stock.
[This message has been edited by legaleagle (edited November 10, 2004).]
posted
Hi Boys, and anyone else who still comes here. I don't read this board at all anymore so if some of the posts of recent days had not been posted elsewhere I would not have seen them.
The bashing posts that were brought to my attention on another board sound an awful lot like Goliath taunting the army of Israel. Many were shaking in their boots (dismayed and terrified). But a young man named David was not the least bit intimidated. Although small, he knew Goliath was not just mocking the Israelites but His God. He volunteered to take on the mighty giant in the name of the God of Israel. He didn't even wear the king's armor to protect him since he was not used to wearing it.
Goliath came out to meet him, a giant of a man dressed in full battle armor. The little shepherd had a sling shot and 5 smooth stones. Goliath continued to taunt him saying the birds of the air would eat his flesh (Crows?). But David unafraid, made it clear as that God would be fighting his battle for him.
This is what David said 'This day the Lord will hand you over to me, and I'll strike you down and cut off your head. Today I will give the carcasses of the Philistine army to the birds of the air and the beasts of the earth, and the whole world will know that there is a God in Israel. All those gathered here will know that the Lord saves; for the battle is the Lord's, and he will give all of you into our hands.'
As Goliath moved closer to attack him, David ran quickly toward the battle line to meet him. Reaching into his bag and taking out a stone, he slung it and struck the Philistine on the forehead. The stone sank into his forehead and he fell facedown on the ground.
David ran and stood over him. He took hold of the Philistine's sword and killed him and then cut off his head with the sword.
And when the Philistines saw that their hero was dead, they turned and ran. The Philistine army was chased and beaten, killed and their camp pillaged.
It is a fearful thing to fall into the hands of a vengeful God. God is not mocked. Whatsoever a man sows, that shall he reap.
I am planning on reaping a crop of blessing. I have done no one on the allstocks board wrong. I could care less if someone mocks me. But to mock God is a foolish endeavor. He is merciful and loving, but he will not tolerate your belligerence forever, any more than any human Father would.
Since the religious theme was brought up and mocked freely, I will leave you with this Bible verse:
The wealth which the wicked have gained from exploiting the poor will be taken from them and given to those who will pity them.
I believe that to be true. I have continued to accumulate CMKX and have a full boatload now. I was and still am convinced that CMKX is naked shorted to high heavens and that there are powerful people with a vested interest in the failure of CMKX. Claiming victory early (like Goliath) may be your only chance to gloat (like Goliath). The crow was at dinner that day but was the eater instead of the eaten. Goliath was also at dinner that day but didn't get to enjoy it.
God Bless-Debi
The CMKX part is IMO- The Bible part is what it is.
29,000 children die every day of starvation and hunger related diseases....but not on a day of hope....visit http://cmkxdayofhope.********s37.com
posted
The situation is con, alright. These jamokes conned everyone with their lack of forthrightness, and the help of some double talking investors. The reason you don't see pro is because they have nothing positive left to say, that makes any sense. Just more, "give it time", "hope for the best" "we have Roger Glenn", "blah blah blah"
quote:Originally posted by legaleagle: Long time "lurker", first time poster.
I have been away on a case in Europe for a month. I returned here, to check up on what was happening with my investment in CMKX, only to discover "This????".
What has happened here? There used to be active discussion, pro and con, of the stock.
[This message has been edited by legaleagle (edited November 10, 2004).]
quote:Originally posted by will: The situation is con, alright. These jamokes conned everyone with their lack of forthrightness, and the help of some double talking investors. The reason you don't see pro is because they have nothing positive left to say, that makes any sense. Just more, "give it time", "hope for the best" "we have Roger Glenn", "blah blah blah"
I was speaking of the "holy war" being waged here. I thought this was an investment thread.
posted
just a quick thought...canada stopped trading because a few cmkx insiders were selling unregistered shares correct? remember back 2 days before the ucad dividend payment? the a/s was increased 300 billion and then 2 days later the split number went up from 483 billion to 779 billion. selling of unregistered shares is naked shorting & covering this naked short could be done by increasing the o/s. ya think maybe a good lawyer would know this?
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Maybe you guyz can come up with one answer to a question that has been bugging me: If all this crap has come down the pipe about CMKX, why is the volume still so high? Who is buying or selling at these volumes? Why would anyone buy or sell at .0001/.0002?
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quote:Originally posted by bill1352: just a quick thought...canada stopped trading because a few cmkx insiders were selling unregistered shares correct? remember back 2 days before the ucad dividend payment? the a/s was increased 300 billion and then 2 days later the split number went up from 483 billion to 779 billion. selling of unregistered shares is naked shorting & covering this naked short could be done by increasing the o/s. ya think maybe a good lawyer would know this?
The complaint enumerates an allegation of violation of Sec 27 & 58 of the Securities Act of 1988. Sec 27 delineates the necessity of registering as dealer or agent. Sec 58 requires a prospectus to be filed.
Sec. 44 (3.1) Deals with making statements that the person should reasonably know is false. It also deals with intent, which is very hard to prove.
This case has nothing to do with dealing in unregistered securities.
No one has been found wanting in either of these categories yet, as there has been no hearing conducted.
A response was filed timely, and the Commission has requested additional information. This is the only reason for the continuance of the "halt". I use that term in quotations because the order is only local to the Province, and anyone there wishing to trade can still do so through the U.S. brokerages.
[This message has been edited by legaleagle (edited November 10, 2004).]
[This message has been edited by legaleagle (edited November 10, 2004).]
posted
I am a long time stock trader and I also own diamond properties in Alaska. My name is on several claim stakes. I know nothing about this stock but I will help if someone wants it. I know a lot about how diamond claims actually tend to go and how it would be reflected in a stock. I can seperate the BS from reality prettty easily with a phone call or two. If someone who knows this stock would email me at sbickel9@san.rr.com it could be interesting. I would love to get the basics on this one without spending time reading everything right now (not much time) and I could give my insights.
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Friday, October 29, 2004 Firms slapped with cease-trade order Barry Glass/Daily Herald
Saskatchewan’s Financial Services Commission slapped a temporary cease-trade order on two companies and some people involved in diamond exploration in the Fort a la Corne area. The order covers CMKM Diamonds Inc., its predecessor Casavant Mining Kimberlite International, Urban Armand Joseph Casavant, David DeSormeau and Melvin A. O’Neil. The men are officers, directors and promoters of the companies.
Vic Pankratz, deputy director of enforcement for the commission, said the order was issued because the parties were selling securities in Saskatchewan without being registered to do so, trading securities without filing a prospectus and making misrepresentations about securities.
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i'd say selling securities without being registered to do so is selling them under the radar of the gov. bodies appointed to make sure everything is on the up & up. today is also the day ucad had to respond by. i'd also say that a company that had all its ducks in order would be able to produce any info the SEC would want to prove they are legit, or at least enough to prove they are not lying to the public. copies of claim registerations, records of the amount of gold mined in south america. the papers from south american gov. saying they have permission to mine. all things that were stated in pr's. these papers would or should not be hard to produce. as ucad has not , in a pr claimed anything other then they own a % of the rights in sask., info other then the legal agreement between them & cmkx would not be needed.
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