posted
DW, I don't think you are supposed to mention the word "short" on this board. Especially if they are "naked"
Posts: 2375 | Registered: Nov 2004
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posted
Great news DW!Congrats.I'm sure they'll never have to worry about those cold outhouses you used when you we're that age.LOL
Posts: 2634 | From: The highway | Registered: Feb 2004
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Dusty, I have been tempted from time to time with greed just as everyone else has. It just did not happen with CMKX.
All:
Here's the part I really liked that UC stated:
"Casavant went on to say, "We are committed to pursuing the corporate cleanup required to allow us to provide periodic reports to our stockholders; however, in the event the SEC determines that a suspension or revocation is in order, then aside from our compliance with such order, we will utilize our best efforts to provide minimum basic information to our stockholders, allowing for CMKX to continue trading on the Pink Sheets." ************************************
NOTE THIS PART: "...then aside from our compliance with such order, we will utilize our best efforts to provide minimum basic information to our stockholders,..."
He's saying he will provide only the minimum basic information to stockholders as though that is a positive statement of some kind. Not the maximum, but the MINIMUM!!!
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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posted
I fell asleep half way through it and just woke back up. Not kidding. I don't think there is boots high enough to wade through that crap. But just think that someone actually wrote that response in less then a day. Man thats the guy I want to see in jail for pumping this crap. Along with sterling and willwizard.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
For a company that wants to inform its shareholders that is a curious statement, Wallace. You know, if they truly wanted to publish information they could have been doing it whether they were reporting or not. They ackowledge they have avenues to do it, PR's website. Instaed they chose ambiguous PR's and relied on their paid pumpers, and that goof Melvin, to generate rumors through theory and inuendo. They never had any intentions of informing anyone of anything, and never will unless white hot coals are held to their eyes by the SEC.
shhhhhh........Can you hear it? (sizzle)
-------------------- 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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posted
Got news for you, Will. From the looks of that statement they don't plan to provide any more than the very little and uninformative material they have released in the past. Pssssttttt!!!
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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posted
Hey, anyone out there have some RAM for an older computer? Looking for 2-256MB PC100 168 Pins, low density, non-buffered. Want used, not new. Related to CMKX? Very remotely!
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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posted
No one will be going to jail. Not even the main perpetraters of this situation. Certainly not the pumpers, they protect themselves with IMO, IMO. lol
Most of everything that is written about CMKX on these boards is in someone's opinions. Published facts are very few and thin. We now know there is 703B O/S though. That's enough facts there to make anyone say, no thank you to buying this thing. Jail, damn! They should be jailed for printing and issuing that many shares, IMO. lol
quote:Originally posted by Ric: I fell asleep half way through it and just woke back up. Not kidding. I don't think there is boots high enough to wade through that crap. But just think that someone actually wrote that response in less then a day. Man thats the guy I want to see in jail for pumping this crap. Along with sterling and willwizard.
-------------------- 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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posted
I agree. Like I said they never intended to be forthright and honest. I was asking that same question over and over again 8 months ago. The answer was usually "the Master Plan" won't allow it, or a personal subtle remark alluding to lack of intelligence and understanding, on my part, of "the Play of a Lifetime"
quote:Originally posted by Wallace#1: Got news for you, Will. From the looks of that statement they don't plan to provide any more than the very little and uninformative material they have released in the past. Pssssttttt!!!
-------------------- 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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posted
GOD! Man, break down and buy a new one, will ya. They're about giving these things away now days. Just go to Best Buy, and buy the eMachine thats on sale this week.
quote:Originally posted by Wallace#1: Hey, anyone out there have some RAM for an older computer? Looking for 2-256MB PC100 168 Pins, low density, non-buffered. Want used, not new. Related to CMKX? Very remotely!
-------------------- 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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posted
Shut up, Will!! I just bought a new computer, gave my old one to my wife and the third one, of which I am speaking, I'm giving to an old boy down the road. He's in his 40's or 50's.
Besides, those stores want too much money. A used one works just the same as a new one.
PS: That guy in his 40's/50's is on the slow side like most of that vintage, so I thought if I got two 256MBs it would speed his mind up a bit. If he's anything like you, he'll probably try to stick it in his ear. LOL
posted
Will,,their is a little thing called the Ricco act. If they conspired as a group under ricco to defraud.And part of the plan was to conspire by trying to use a escape route thru IMHO thats FEDRAL and I would'nt want to be going where they are.
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
Y'all need to be watching Natinal Geographic Channel (NGEO), the show is Taboo. Nothing to do with CMKX, but the people who are modifying their bodies show some similarities to CMKX'ers, crazy extreeme thinking.
-------------------- 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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posted
I've heard of it. I think it was written and legislated to combat white collar crime, but GIULIANI used it to lock up 100 or so mafioso.
quote:Originally posted by Dustoff101: Will,,their is a little thing called the Ricco act. If they conspired as a group under ricco to defraud.And part of the plan was to conspire by trying to use a escape route thru IMHO thats FEDRAL and I would'nt want to be going where they are.
-------------------- 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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posted
Poor Dr. D....wore out his fingers pumping a dead company....LOL....IMO IMO IMOOOOO
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
I don't feel too badly now that I noticed we have a new "noah" posting on Allstocks. He cannot seem to count (as in 1-2-9), but at least he doesn't "noah-a-ltl". LOL No offense to either one of you. j/k
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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-------------------- 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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posted
Will.. I new one of you guys would say that!! When I was much younger ,,,,well, I am not going there.
Posts: 10729 | From: oregon | Registered: Feb 2005
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a few comments on some of legel's reposted manuscript. (movie coming to a theatre near you soon) as pointed out the t/a has records of shareholders. does anyone remember a few months back the change in t/a"s??? it lasted what,? 24 hrs? ya think maybe it took the new t/a to see cmkx had too many shareholders to be non-reporting? ya think maybe the switch back has a taint of cover-up? new t/a says "hey UC you have well over 500 shareholders, you need to report." UC says "shut up & count." t/a say i'm outtta here, we are an honest company. so back to the quiet t/a cmkx went.. a point that hasn't been mentioned much but was there...Roger Glen, fabled lawyer, a God send to the cmkx cult couldn't figure out cmkx had 500 shareholders?? or was it he wasn't as honest & straight arrow as believed? UC increases the a/s & dumps 279 billion shares into the market...lets try 1st grade math here (i know the cult can't comprehend such deep thinking but what the heck) 779 billion divided by 500 equals 1.558 billion shares per shareholder..hmmmm thats 1 seriously kool-aided cult to buy that many shares per person. $311,600.00 invested per shareholder...hmmmm not really extra change invested there. i think DW's new grandbaby could figure out there are more then 500 shareholders.
what was the line..those in charge in the past were not perfectionists so no finacial records??? UC was in charge. double talk for we really would rather not tell you what we spent on cars, booze & broads, jets, trips, gambling in Vegas. our monthly pay check, money given to family, pumpers & any other bum we felt like handing cash too. in fact most the time we were having too much fun to care. the 1 bill i'd love to see is what was paid to roger glen.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by will: Congratulations, dw!
Nothing better than that. Did you say you had all grandsons?
Yep, will, four grandsons. Can't get a girl. I have seven sisters and one brother...one son...one daughter. She was the last of the girls I think since neither son nor daughter plan on any more. But I will take them. At least they will be able to bait their own hooks. lol
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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posted
...dwman..OK,,you cought me again, I guess I have to go back to my hunt and peck method..Upon review of some of my other incredibly articulate as well as scientific observations,,[[ such as my observation of the demise of the giant ant]],,I have come to the monostrophic conclusion that you are having difficulties staying up with my lightning fast mind...
I have just begun to fight!!! I will not allow you to make a gewgaw out of my highly advanced prouse. I have no idea what "many of us we and I not new means"
Posts: 10729 | From: oregon | Registered: Feb 2005
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quote:Originally posted by Dustoff101: ...dwman..OK,,you cought me again, I guess I have to go back to my hunt and peck method..Upon review of some of my other incredibly articulate as well as scientific observations,,[[ such as my observation of the demise of the giant ant]],,I have come to the monostrophic conclusion that you are having difficulties staying up with my lightning fast mind...
I have just begun to fight!!! I will not allow you to make a gewgaw out of my highly advanced prouse. I have no idea what "many of us we and I not new means"
LOL... You used new for knew and I won't even venture to explain the other. monostrophic conclusion? Darn you Dusty... I ain't never heerd that word afore.
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
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posted
From: Lori Livingston [lori@transferonline.com] Sent: Thursday, March 06, 2003 4:44 PM To: rule-comments@sec.gov Subject: FIle No. SR-DTC-2003-03
I am writing these comments to the Depository Trust Company’s (“DTC’s”) proposed rule change that appeared in the February 21st issue of the Federal Register. My comments represent several viewpoints but primarily I respond in the following capacities:
I am the President of Transfer Online, Inc, and act as the transfer agent for (Nutek, Inc.) one of the Issuers who expressed their desire to withdraw from the DTC system but were denied. Transfer Online also serves as the transfer agent to several other companies who have inquired about the possibility of withdrawing from the DTC system and finally, I am an experienced member of the financial services industry for the past 20 years where I have specialized in transfer agent and back office services.
As a transfer agent involved in this process I have direct experience of the situation(s) leading to DTC’ s request. While acting on the behalf of Nutek, Inc. to notify DTC of their intent to withdraw, Transfer Online was initially told that the request was received and in process. No indication was given that this request to withdraw was a problem until approximately 6 weeks later when we were made aware that DTC’s position had changed. Transfer Online was told that if Nutek, Inc. shares were not transferred into their nominee name, "Cede & Co", Transfer Online would be in violation of the operational agreement between our two companies and that we would be held accountable.
This put Transfer Online between the Issuer’s request (on whose behalf we act) and DTC’s demand and so we inquired to the S.E.C as to what, or if, any legal or statutory obligations existed to either party which superceded our agreement to act as agent for the Issuer. The S.E.C was unable to issue guidance in this matter so having no idea what “being held accountable” would mean to Transfer Online, and having received several phone calls from DTC requesting to know my position and what my intentions were, I suggested to the Issuer that until such time they were prepared to handle any potential legal issues with an entity as large as The Depository Trust Company that they let the shares be processed as usual.
Many Issuers have come forward with their opinions and interest in joining the exodus from DTC. They are frustrated by dramatic unexplained price movements, confounded when in a single day, in companies with a high percentage of shares held by insiders, more than the number of shares outstanding for their company are traded, and they are frustrated by their inability to access the information they need to determine the cause. The company is essentially cutoff from the majority of stock transactions that take place behind the closed doors of DTC in book entry movements of shares. Should the Issuer request information it is only available to them at the prices that are determined by DTC.
Transfer agents, while able to provide transaction history which happens when stock certificates are involved, cannot provide the information from DTC because we do not have access to the majority of the shareholder records as they sit on our books as one large position in the name of Cede & Co. that seldom changes. This leaves an Issuer powerless to research the trading of their own stock, communicate with the shareholders or take action against those who might be harming their company with questionable even perhaps illegal trading practices.
In regard to DTC's proposed rule change that states, "DTC will only honor the requests of the participants", I feel compelled to point out that the participants of DTC are ultimately only holding shares for the benefit of their customers who are in fact the shareholders of the company. Almost daily, particularly when an Issuer is attempting to have their shareholders pull their shares from street name and obtain certificates, Transfer Online receives phone calls from shareholders who tell us that their broker told them they cannot have a stock certificate, or that the transfer agent will charge you $75 - $100 dollars for a certificate, or the transfer agent won't issue the shares. How can a shareholder get a stock certificate if their broker (or the participant) is the obstacle? If, as DTC states only the participant's request will be honored, and the participant will not honor the request of the beneficial owner, then ultimately the shareholder has no right to their own property nor the ability to do what the Issuer has determined is in the companies best interest.
My experience over the years suggests that shareholders are seldom fully advised of the different types of ownership they can have, or of the full implications of holding shares in street name. Requesting certificates is always riddled with obstacles to deter this form of ownership.
Like many of the Issuers seeking withdrawal from DTC, I have often been suspicious of oversold stock. When tabulating shares for a Proxy Vote oftentimes there will be more shares voted by the brokers than there are shares outstanding in the company. When the question is raised with ADP (another representative of participants) their response is that they simply report what the brokers tell them they have. Why are brokers reporting more shares than they could possibly hold and why is it the obligation of the company or its agent to research why the numbers are wrong at their expense?
DTC’s solution has been the development of the Direct Registration System (DRS). This allows a shareholder to hold their shares in their own name on the books of the corporation while still in the DTC system attached to a particular participant or brokerage account. This allows for direct ownership on the books of the company, while allowing the broker to retain control of the account by remaining attached to the account in case of sale.
There is a problem with this system as there are many Issuers, and some transfer agents, that cannot meet the requirements that are set by DTC nor can they afford to participate in the DTC FAST system because once an Issuer enters into the FAST system, DTC will no longer pay fees for any activity they request and the Issuer then becomes responsible for those fees. Since those very same fees were paid for services by DTC when stock is in physical form, it is difficult to comprehend why this is the case when there are no certificates. Ultimately, the result is that the Issuer is excluded from FAST and DRS, as are their investors. As in any case where a company holds a monopoly you have to play by their rules or you don’t play at all.
The financial burden on a small company is tremendous and very few small companies are able to participate. Those who do not are excluded from DRS and thus have no access to their shareholder records unless the shareholder holds the shares on the books of the company. The entire system has been designed for larger companies who do not think twice about spending great deals of money on their transfer agent fees, but smaller corporations who don't have the resources and consequently cannot afford to participate use withdrawing from DTC as their only method of having some control over their shareholder records.
What will happen as the industry moves toward immobilization and same day settlement? What will happen to those companies that cannot participate and have no access to their stock activity? DTC stated in their proposal that they have “discussed the substance for this proposed rule change with various DTC participants and industry groups and received favorable reaction.” I suggest that many were excluded from this conversation that have a great deal at stake. There is more than one way for the prompt and accurate settlement of securities transactions to occur and also preserve the integrity of the Issuers shareholders records. Presently, all solutions are based on a system where DTC is basically taking on the role of transfer agent as well as being an organization for and by the brokers. Over the years I have watched most companies move from majority of ownership held on their records toward a situation where over half the shares are held as registered to Cede & Co. and these shares usually represents 3-4 times the number of shareholders that appear on the records of the company.
I think the rule change should not be approved until a sufficient amount of time is put into investigating the complaints of the Issuers and time is spent looking at the existing system in general. ---------------------------------------------- Lori Livingston President/CEO Transfer Online, Inc. P 503.227.2950 F 503.227.6874
Posts: 2375 | Registered: Nov 2004
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posted
Looks like we need another stock market crash, and start all over....everybody's hand seems to be in the investor's pocket taking their share, with little or nothing left for the investor. IMO, most of these agencies should be ashamed of the way they treat the little guy who is just trying to eke out a bit of a profit. Guess its the same ole story, the rich get richer. etc.....
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
legel...thats i think the first post i agree with of all your reposts...lol. as i have said many times i would be shocked if there were not billions of naked cmkx shares. the system is set up for corruption. but when a company says screww the shareholder & issues 779 billion shares into the market who cares if a bunch of billion shares are naked. the company sure has proven they dont care how many shares dilute their stock. the top 20 money making companies in the world could not support a .05 pps with 703 billion shares in the market. the top 10 mining companies in the world dont gross what say microsoft by itself grosses so how can 1 small mining company support a 703 billion o/s? that 1 fact makes any naked short a moot point. its meaningless.. the mm's could cover hundreds of billions of naked shares & never move the pps & i'd guess thats whats happening right now. any investor that isn't a cmkx cult member will see 703 billion & hope to get .0001 for any stock they hold.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by bill1352: legel...thats i think the first post i agree with of all your reposts...lol. as i have said many times i would be shocked if there were not billions of naked cmkx shares. the system is set up for corruption. but when a company says screww the shareholder & issues 779 billion shares into the market who cares if a bunch of billion shares are naked. the company sure has proven they dont care how many shares dilute their stock. the top 20 money making companies in the world could not support a .05 pps with 703 billion shares in the market. the top 10 mining companies in the world dont gross what say microsoft by itself grosses so how can 1 small mining company support a 703 billion o/s? that 1 fact makes any naked short a moot point. its meaningless.. the mm's could cover hundreds of billions of naked shares & never move the pps & i'd guess thats whats happening right now. any investor that isn't a cmkx cult member will see 703 billion & hope to get .0001 for any stock they hold.
I just have a question about this. Right now MSFT has 10.88B O/S and a pps of 24.28. Maybe the math isn't this simple, but if they had an O/S of 703B, wouldn't they theoretically have a pps of 0.38? Not that this matters for CMKX
Posts: 45 | Registered: Feb 2005
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posted
truth is vman i just snatched a big company off the top of my head & your correct with the .38 pps. you would also then have to figure into the equation what it would take in shares sold to increase the pps. microsoft has had a number of forward splits in the past 20 yrs. its pps if based on number sold per day compared to number bought. its a reflection of 20 or more yrs of making money & increasing the pps to a point it needed a forward split. it takes a lot of shares traded in 1 day or over the course of a few days to move microsofts pps. you need to multiply that by the differance of 10 billion to 703 billion to see what it would take to move cmkx's pps. also again as you pointed out it doesn't matter to cmkx because its not possible to mine that much of anything yr in & yr out to equal microsofts net profit. debeers has had the diamond market cornered for yrs & are worth 16 billion. i of course don't have info to prove it but i'd guess debeers has more acres of diamond mines & claims throughout the world then CMKX has in canada.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
They are frustrated by dramatic unexplained price movements, confounded when in a single day, in companies with a high percentage of shares held by insiders, more than the number of shares outstanding for their company are traded, and they are frustrated by their inability to access the information they need to determine the cause.
DAYTRADERS
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by bill1352: legel...thats i think the first post i agree with of all your reposts...lol. as i have said many times i would be shocked if there were not billions of naked cmkx shares. the system is set up for corruption. but when a company says screww the shareholder & issues 779 billion shares into the market who cares if a bunch of billion shares are naked. the company sure has proven they dont care how many shares dilute their stock. the top 20 money making companies in the world could not support a .05 pps with 703 billion shares in the market. the top 10 mining companies in the world dont gross what say microsoft by itself grosses so how can 1 small mining company support a 703 billion o/s? that 1 fact makes any naked short a moot point. its meaningless.. the mm's could cover hundreds of billions of naked shares & never move the pps & i'd guess thats whats happening right now. any investor that isn't a cmkx cult member will see 703 billion & hope to get .0001 for any stock they hold.
Bill, once more I will say, you don't have the number of shares that Urban and family own out of that OS. If they are willing to announce an exorbitant OS then why do you suppose they don't announce Urban and family holdings? How do you combat a huge NS? You sell a tremendous number of shares into the market and then buy them all back at a cheaper price. Then you order certs for those shares, making every other outstanding share a naked short, and provably so. By buying back those shares, in his and family members' names, and not the company, they are then untraceable until you are ready to spring the trap. How is the trap sprung? You issue dividends. One or two batches are circulated at the rate of OS established by your TA (779 bil).
When the DTCC and brokerages discover that there aren't enough to go around, they have to place "markers" in accounts. Now the brokerages are screaming at the DTCC, when the third batch comes along and the DTCC then has to establish a ratio that shows they have distributed the dividend to 1.5+ trillion shares of CMKX. Trap sprung.
Why was that number (naked and real) just about exactly double the OS? Because enough people have come out of the DTCC and talked to know that the DTCC issues two "borrowable" shares for each cert they receive.
The NS being proven, and the DTCC not wishing to have such a tremendous naked short revealed to the public, works a deal with Urban and company.
An as of yet unknown settlement is paid to Urban and Co for distribution to shareholders at the end of a certain time. In exchange, Urban agrees to sell back into the market, the remaining company AS, 97 billion, and his own personal share holdings (estimated as high as 500 billion shares), all supported by certs.
The MM's are permitted a certain amount of time to buy these clean shares on the open market and replace the NS. That is what we have been witnessing for some time now.
The suspension was an opportunity to take an exact count of the NS while there was no movement. The DTCC and MMs are given a bonus because in addition to the shares being ploughed back into the market by Urban, the suspension and investigation shakes billions of weak hand shares into the mix to vanish back into thin air, where they were created.
Ultimately, when the numbers are all back to "right", Urban issues a settlement amount to shareholders of "now legitimate" shares, and then CMKX, along with the political and financial problems created by the NS sink out of sight and into oblivion.
The loyal shareholders, now financially rewarded for their loyalty, find the assets, mineral rights, claims and holdings; along with the JVs, merge into one of the many companies Urban holds in reserve, like CIM, and with the share structure in a manageable amount, the results of the exploration and sampling are released onto the market. And the now few "faithful" enjoy the results of the ongoing mining operations.
All just my opinion Bill. Take it for what it's worth and don't make any investment decisons based on it. But I guess theoretically, the more people we have bashing this stock, the quicker we shake out the weak hands and get on with the business we expect.
P.S. It has been commonly agreed upon by the faithful that we will not use the word "basher" any longer. In respect of political correctness, bashers will now be referred to as "Negativity Pumpers".
Everyone have a blessed Easter Holiday.
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