quote:Originally posted by Ric: I am sorry, I thought you were talking about how they have turned that story into cmkx now on the other boards. They claim they can't buy shares now, roflmao.
YOU KNOW WHAT I THINK, is since volume was down today they want people to test and see if they can buy tomorrow. Now what a scam.
quote:Originally posted by dwman: I'm not sure I understand what you are saying Ric. Nevertheless, goodnight Ric. Goodnight Will. Goodnight Legal. Goodnight Wallace. Goodnight Up. Goodnight Johnboy. Goodnight all.
Whoops, I hit the enter key too fast that last time lol.
I'm not a Kool-Aid drinker on this stock. I'm skeptical and not one to trust in things too much. With that said let me say the following:
All this talk of liquidation of CMKX to cover outstanding/owed account fees made me worried. I just called Ameritrade to verify that I do not owe anything and that there is no reason any stocks in my portfolio will be liquidated. I did express my concern that I have heard various investors have had this happen to them; however, I did not mention CMKX by name. The representative said that I do not owe anything and there is no reason for anything to be liquidated in my account. They said some account holders have had shares liquidated and Ameritrade has a right to do that when they owe fees etc. Then they said: I see you have CMKX but that the only thing showing up on that is that they are not accepting opening positions, you can sell but you cannot buy. I DID NOT ASK FOR THIS INFO. It seems she has been used to saying this to CMKX shareholders. People are not making this up.
Assume that I am not lying about this..If I'm not, what could this mean. I only want to hear from those who believe strongly that this stock is a scam.
Posts: 45 | Registered: Feb 2005
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"will, it's your choice to ridicule people who set pps for the settlment amount. They don't know, and neither do I. That's why I don't speculate on a price per share. But the rest of that you got right."
"ridicule" ? I'm just telling you what some posters have been speculating. There's no ridicule, at least not by me, maybe they're embarrassed when they extend those buy out prices over the O/S? Hundreds or tens of bliions of dollars aren't just tossed around like nickels. Speculation of that proportion doesn't have to be ridiculed. I think any sound minded person with third grade math skills can see how preposterous, and open to ridicule anyone making those claims would be.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Gender: Posts: 2617 zen on jay_abode & BRACE YOURSELF « Thread started on: Today at 7:32pm »
-------------------------------------------------------------------------------- zen on jay_abode & BRACE YOURSELF
Posted by: zeninvestor32 In reply to: None Date:3/23/2005 12:24:54 PM Post #of 37339
FASCINATING (BUT COMPLEX)
I really don't know where this Jay_Adobe came from but I have never claimed to be an expert and am very willing to learn even more about the market. He is providing some very interesting fuel for thought. This whole vwap and "riskless" transaction stuff is new to me. My guess, however, is that cmkx is in a unique enough situation that perhaps it is being used simply out of emergency's sake. But then again, I wouldn't be surprised if it were a fundamental part of manipulation overall. Who knows. What I do find odd is that following the suspension, this information suddenly appears. It seems logical to me that somewhere these transactions are appearing but invisible to us while very visible to those on the inside.
Lines like this really make me wonder just what the __ is going on:
"NASD rules do not prohibit Market Makers from reporting trades at two different prices of what essentially is a riskless principal trade, assuming of course the Market Maker is complying with best execution obligations."
Read that and more at this link provided by Jay_Adobe:
Jay_Adobe, whoever you are, please keep posting. At the very least, I'm learning some new things. If they happen to be true, then perhaps the first realistic explanation of all the BS we've seen for 7 months now at .0001 could be coming to light. Thanks again.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
Posted by: zeninvestor32 In reply to: None Date:3/23/2005 2:59:27 PM Post #of 37339
BRACE YOURSELF
In my opinion, there will be a final attack orchestrated on longs. IMO the stock is pinned at .0001 and the attack will be a final effort to scrounge up whatever shares in weak hands remains. All just my opinion but it seems the tide is turning based on the mysterious info coming to light about VWAP and "riskless" trades. That having been said, if this is really the heavyweight fight we suspect, there may continue to be one final assault. I don't know where it will come from (I mean, hey, this vwap thing came out of nowhere) so just be ready. I truly believe that they will not give up until the very bitter end. Perhaps another smear article? Perhaps the SEC issues another "litigation release". Perhaps it's some sudden coordination of a class action lawsuit against Urban. I just don't know. But somehow, some way, I just feel like there will be yet another round of pain to endure before the pot at the end of the rainbow. Every time there's been hope in the past, it seems somehow a dark cloud ALWAYS surfaces quickly. I'm hoping the last SEC release re: admin hearing was truly the last hard-hitting item and that we have finally truly turned the corner. But I never will trust that this is over until I have cash in my account. We shall see.
Z
As always, these are my personal opinions.
Posts: 2375 | Registered: Nov 2004
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ALSO FROM THAT OTHER BOARD. SEEMS THEY ARE TRYING ANYTHING TO GET THEIR HANDS ON CMKX SHARES. HIT WITH A MONTHLY FEE AND THEN LIQUIDATE YOUR ACCOUNT TO COVER A $10 OR $20 FEE. REALLY NICE.
madmaan God of Diamonds
member is offline
Urban has Diamonds, And gold, don't forget uranium, and zinc too
Gender: Posts: 1900 Those bass terds! « Thread started on: Today at 7:20pm »
-------------------------------------------------------------------------------- I am peed i have two ameritrade accounts one had 8 millon shares for my kids, they liquidated it, Whithout giving me warning, they always gave warning before.. Thats BS..
Posts: 2375 | Registered: Nov 2004
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So, the MM's are covering with the additional 97B shares Urban issued, plus weak hands selling @ .0001. They are covering @.0001 or less. What did the MM's pay for the 97B that Urban issued? Do you know that? Do you expect he will give a you a cash dividend for that amount divided for 703B? The volume today was ??? Monday's and Tuesday's volume was 100B, or slightly more? So, the additional issue of 97B plus weak hands should be exhausted, and tomorrow you will see "the squeze of the century", begin? Do I have it right now?
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by will: So, the MM's are covering with the additional 97B shares Urban issued, plus weak hands selling @ .0001. They are covering @.0001 or less. What did the MM's pay for the 97B that Urban issued? Do you know that? Do you expect he will give a you a cash dividend for that amount divided for 703B? The volume today was ??? Monday's and Tuesday's volume was 100B, or slightly more? So, the additional issue of 97B plus weak hands should be exhausted, and tomorrow you will see "the squeze of the century", begin? Do I have it right now?
I don't know...is this referring to my post or legal's? If it's mine, I'm just suggesting something is a bit odd and it seems like something fraudulous, and not on the part of the company..
I just want to hear a flip-side argument that would account for the one-sided trading being allowed at Ameritrade.
Posts: 45 | Registered: Feb 2005
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It's not referring to anyone's post in particular. It's is asking legimtimate questions about the theory of the last few days trading and speculation that the naked shorting is being covered and how it has been done, and what can be expected next.
Regarding buying. I use Freetrade. I am not inclined to buy CMKX. So I have no idea why Ameritrade isn't taking buy orders. Did you ask them while you were talking with them?
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:I just want to hear a flip-side argument that would account for the one-sided trading being allowed at Ameritrade.
What's wrong with Ameritrades explanation? They recognize the stock is on the brink of revocation and are not allowing buys. They'll tell you it's to protect the investor but it's probably to protect Ameritrade from any frivilous lawsuits brought on by outraged shareholders when the stock is revoked. Why is that so hard to believe? Why is any of the issues staring us right in the face so hard to believe? The company did a horrible wrong to a lot of people, they're now under investigation for it, and will probably be shut down because of it. It's the only real explanation that I can see. Anything else involves conspiracy theorys, clandestine meetings, and back door secret deals that are the stuff of fantasy.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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I don't want to speculate on buy-outs etc.. Since there are 700B shares, simple math dictates $$ of epic proportion would have to be coughed up to pay investors off etc... I take little stock (no pun intended) in these theories, particularly when numbers are thrown around.
I do however, stand by the fact that Ameritrade is only allowing one-sided trading (no buying, only selling). They told me this. I don't know how to explain that without going to one of two theories.
1.) MMs are trying to force all sales on the market into their possession but instructing Ameritrade, Scottrade, whoevertrade to not sell CMKX to customers.
2.) Ameritrade sees something to be fraudlent about the sale of CMKX to investors, and is trying to prevent themselves from being part of the scam (if this could be a concern I dont know, I'm not a lawyer). I guess this scam need not be naked shorting, but indeed could be the company. However, I would think Ameritrade would be more concerned for itself if it were naked shorting.
Still curious for the unbeliever's take on this.
Posts: 45 | Registered: Feb 2005
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"I would think Ameritrade would be more concerned for itself if it were naked shorting."
Why would NS be a concern of Ameritrade?
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by will: "I would think Ameritrade would be more concerned for itself if it were naked shorting."
Why would NS be a concern of Ameritrade?
If they would be aware of it, ie. if their books indicate that too many shares have been sold to the public than the O/S permits, they could feel that they are partially responsible for the naked shorting. Again, I'm not a lawyer. I don't know what ramifications there are if this were the case. And yes it is alot of postulating. I like Upside's take on shareholder lawsuits. I guess, even if they can't be held responsible for the company's wrongdoing, they would like to avoid as much shareholder dissatisfaction as possible.
Posts: 45 | Registered: Feb 2005
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Time for my 2 cents again...I am begining to wonder if this thing got away from U/C and crew.
I don't think we're dealing with some master mind of stock fraud,it could be these guys were guzzling beer in a Tavern and they hatched some screw-ball idea,that flew....Look at some of the stuff we come up around here, sobber.
So I guess somebody is going have to get there Buddys [[[ which have a sense of humor ]]] and go to a tavern, get drunk, tape it, and then maybe we can figure what really did happen!!
This very well could be why none of the egg heads around here can figure this thing out. They are over thinking this thing.
As far as figuring out the Brokers, heck those guys are into they're third drink by the close. maybe thats why they understand this thing.
Posts: 10729 | From: oregon | Registered: Feb 2005
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"If they would be aware of it, ie. if their books indicate that too many shares have been sold to the public than the O/S permits, they could feel that they are partially responsible for the naked shorting."
I don't think they could or would every be aware with an O/S of 703B.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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I say it again. Were was this koolaid when I was dating. Couple of questions and I know that I will regret asking them. Why hasn't UC came out and give any hope for investors? If this was a NSS play I would think UC would come out and say hold your shares they are short and someone will pay. Before SEC doesn't count, because we know that all past PR's are questionable. Also Why has they SEC showed its hand if its in with the MM'S. All they had to do was talk to them before all this and tell them to cover. If the halt was to verify NSS then why do a administration proceedings. See previous. Last 703 billion o/s.
As a result of the foregoing, CMKM Diamonds has failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder.
After an investigation, the Division of Enforcement alleges that: A. RESPONDENT 1. CMKM Diamonds, Inc. (File No. 0-26919) is a Nevada corporation based in Las Vegas, Nevada. CMKM Diamonds’ common stock is registered under Section 12(g) of the Exchange Act. CMKM Diamonds is required to file reports pursuant to Section 13(a) of the Exchange Act. B. CMKM DIAMONDS IS DELINQUENT IN ITS PERIODIC FILINGS 2. Section 13(a) of the Exchange Act and the rules promulgated thereunder require issuers of securities registered pursuant to Section 12 of the Exchange Act to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports 2 (Forms 10-K or 10-KSB), and Rule 13a-13 requires issuers to file quarterly reports (Forms 10-Q or 10-QSB). 3. CMKM Diamonds has not filed an Annual Report on either Form 10-K or Form 10-KSB since May 9, 2002, or quarterly reports on either Form 10-Q or Form 10-QSB since November 18, 2002. 4. On July 23, 2003, CMKM Diamonds filed a Form 15 (“Original Form 15”), signed by CMKM Diamonds’ president, indicating that it had approximately 300 holders of record and that it was terminating its registration, and hence its reporting obligations, pursuant to Rule 12g-4(a)(1)(i) under the Exchange Act. Rule 12g-4(a)(1)(i) provides that an issuer with less than 300 holders of record may terminate the registration of its securities. 5. On February 17, 2005, CMKM Diamonds filed an Amended Form 15, also signed by CMKM Diamonds’ president. In the Amended Form 15, CMKM Diamonds stated that it had 698 holders of record when it filed the Original Form 15, that the Original Form 15 was revoked, that Rule 12g-4(a)(1)(i) was inapplicable, and that CMKM Diamonds had reporting obligations under Section 12(g) of the Exchange Act. 6. As a result of the foregoing, CMKM Diamonds has failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder.
[ March 23, 2005, 21:43: Message edited by: Ric ]
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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By the way this is normal for Ameritrade on stocks that might be shut down and on grey sheets. And it is up to the broker to carry grey sheets, its not manditory. They stopped buying on USCI at one time. They stopped buying on SCRI before it was shut down and also PBCN ( I think thats the symbol). But its by far not unusual for them. They like to protect there clients even if there clients don't want protecting.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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Vman: Upside, glassman, and Ric, gave good enough answers to explain away Ameritrade's refusal to take buy orders as far as I am concerned. Sometime people can be taken at face value, not everybody or entity is involved ina CMKX conspiracy.
I am finding it difficukt to understand why people accept conpiracy theories over logic regarding this situation. Why is that? Think it's a matter of desparation, last hope, denial?
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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I would guess hope. This stock has had well over a year of wild expactations that were fueled by the company and a whole lot of people got caught up in it. Can't blame someone for wanting to own that one stock that changes their lives but when reality is finally staring you in the face, it's time to give up. A lot of the past disappointments were easy to shrug off as the company would issue some new "to the moon" p/r or statement but now it's different. They're potentially looking at a remaining lifespan of 4 months tops, you'd think most would call it quits.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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There are some things for all of you to bear in mind.
First, is the requirement that a broker provide a buyer with all relevant information so as to protect both the buyer and the client. Under the circumstances what broker knows what the hell the information is.
Second, is the fact that brokers are not going to play patsy with shares like CMKX at this stage of the game. They are out to protect themselves from litigation. Maybe a stockholder cannot get money out of UC, CMKX et al, but they could theoretically go after brokers who did not abide by the rules of disclosure. Too much time and trouble for brokers to provide such info. With CMKX under SEC investigation you can bet they are going by the book at brokerage houses.
I can see no way brokers would be liquidating accounts to accommodate MMs or other brokers. Too dangerous for them to do so with CMKX and UC on page one with the SEC. If they are doing so, it must be for other reasons.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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......and we have all these complicated conspiracy theories, when logic and common sense are readily apparent.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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You have to give them credit though. They have came up with after the fact theories supported by numbers that sometimes are pretty convincing. So far all have turned out to be wrong and disproved by time and fact, but they sure do talk a good game sometime. Some of the theories are/were alien to anyone with a working brain, (the double short double negative repukification of the pukifaction), but some have been well thought out, and almost believable.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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One good thing that's going to come out of this is that a lot of people have discovered they have fantastic creative writing skills. I'd expect a flood of new fiction novels to hit the stands within the next few months.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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UpMan, think of the people we have met and read on this thread. Remember back to last Fall when we went to the races, and met some CMKX fanatics in person. I would never consider any of them conmen, or liars. I think they really believe in this company, no one could be so hell bent and sincere if they really didn't believe. It's just amazing how the easiest and most obvious explanation is brushed aside, and replaced with the unbelievable that they can believe in.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Thats an understatement. As I said in the past. There are JFK conspiracy theoriest going dam thats good.
quote:Originally posted by Upside: One good thing that's going to come out of this is that a lot of people have discovered they have fantastic creative writing skills. I'd expect a flood of new fiction novels to hit the stands within the next few months.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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Look at it realistically. It's a 1 man management and a 3 man BOD. Just imagine how much production that 1 man team (UC himself) is managing in all those supposedly productive locations. Geeesssuuusssss!! Hell, a driver of a garbage truck probably does more managing.
PS: At least that driver knows where he is going, where he has been and what he is supposed to do while there.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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Will, I'm assuming you're referring to the shareholders that we met that didn't sound like con men. What about Topo, ElCamino, Ron C., George and the rest of the company reps? Oh yeah, can't forget the Green Baron.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Has that clown shown up at any races since the interesting party in Vegas? If so, I wonder if he will show up now.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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Any of you remember that guy, noahltl, telling some of us he was going to contact wonderful, intelligent, all knowing Roger Glenn about the opinions expressed by some of us about him, his law firm, UC and CMKX? It seems they are all hooked on some rusty ole "iron man" now. Maybe that's why we are experiencing lockjaw concerning appropriate releases.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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I don't think he's shown up at too many lately. If he has he's made sure he's hidden away from the shareholders. Can't imagine why.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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