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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » CMKX *** HALTED SEC *** (Page 61)

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Author Topic: CMKX *** HALTED SEC ***
Ric
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One big difference between the two is at least CMKX gave you dreams of diamonds. American Fire Retardant did a demostration of the retardant on a christmas tree and set a match to it and it lit up like someone soaked it in kerosene, lol.

Will they did in this order R/S 1000, 2000, 2000, 250, 250, 10, 200. If you multiply these together from 6/2003 to now you would have had to had 500,000,000,000,000,000 shares in 5/2003 to still own 1 share today. Now thats a scam. Forgot one r/s in my other post. Quadrillion, Is that how you spell it, 500 Quadrillion shares, I would laugh but thats not even funny.

But still with that they didn't issue no where close to 800 billion shares. There o/s has never been over 25 billion before they do there next split. If you avg. them at 20 billion with 7 changes thats onlt 140 billion.

[ April 12, 2005, 00:04: Message edited by: Ric ]

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Wallace#1
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Good night all, been fun.
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will
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703B / 140B, Who's counting? LOL

I don't think the faithful donkeys understand what a billion is not alone a hundred billion.

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Ric
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I know they don't or they would have ran the first minute they heard what it was.

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drgnfly
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quote:
Originally posted by Wallace#1:
For those of you who wish to complain to the SEC concerning Urban Casavant, CMKX, statements made by CMKX officials, statements made by their current law firm and the complete disregard and violation of shareholder interests by Casavant and/or CMKX the address is as follows:

http://www.sec.gov/complaint/selectconduct.shtml


I intend to ask the SEC to apply all the pressure possible in getting out the truth, in getting information (financial and otherwise) published and not to give them an easy out with leniency. I believe they should be punished to the fullest extent possible under the laws.

Thanks, I just sent the SEC links to yazzi where they have mp3s of Melvin's wonderful Mount St. Helens crap.

http://yazzi.com/cmkx/ -- what a wondeful site!!

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drgnfly
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quote:
Originally posted by legaleagle:
Wallace said: "Legal, maybe Glassman is right and you are a paid pumper. I cannot believe you are so naive as to think Roger Glenn is not becomming the scape goat. That is rather clear. Of course, now he is just a high priced SEC attorney and nothing else you faithful carried on about?"


How much do you think they pay me to pump the five or six people left in here,

"to buy a stock that you have to find a "special" broker in order to even be able to buy at .0001? "
He "is" a high priced SEC attorney, not "just" one.

Thats just IT... the stock is way below the crapper and yet you STILL are pumping this stock. I remember so many cluebies saying "thank god for roger glen.. if he wasnt there I would of sold by now" well now he's the big bad wolf. You are so silly,

DO YOU KNOW NOBODY AND I MEAN NOBODY knows where the hell the corporate office for CMKX is???!?!? The address they keep sticking in PR belongs to some autobody shop and they have never heard of CMKX before. Yes this is a company on the way to being the next Microsoft!

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drgnfly
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I was in Las Vegas for a couple days - just got back. I went to the where I guess the office used to be (5375 Procyon St. suite 101) and now it is Las Vegas Rod & Custom - it was full of cars being worked on - the number on the window: 433-1932 (I think the area code is 702); anyway, no CMKX there now (and I was ready to get all of our questions answered! ) - the former address was easy to find - I didn't go by "the house"; with all that is going on I thought it wouldn't be the best idea to "stalk" the Casavants, LOL.

picture of the suite (thanks GB)
http://www.noboxtrading.com/cmkx/gallery

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legaleagle
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georgeburns
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The CMKX response was right on target.
« Thread started on: Today at 02:49am »

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I had posted above in the pinned thread that I was optimistic about the hearing. I didn’t want to respond my thoughts fully until I had done my due diligence and understood everything more clearly.

Most 12(j) decisions are guided by precedence. The standard used here is Steadman v. SEC, 603 F.2d 1126, 1140 (5th Cir. 1979)

Under Steadman, the following issues are considered.


(1) the egregiousness of the respondent's actions;

(2) the isolated or recurrent nature of the infraction;

(3) the degree of scienter involved;

(scienter n. Latin for "having knowledge." In criminal law, it refers to knowledge by a defendant that his/her acts were illegal or his/her statements were lies and thus fraudulent.)

(4) the sincerity of the respondent's assurances against future violations;

(5) the respondent's recognition of the wrongful nature of its conduct; and

(6) the likelihood of future violations.

No one factor is controlling.


I have broken down the above by inserting the defenses presented in the CMKM response below.


(1) the egregiousness of the respondent's actions;

Respondent, pursuant to Rule 12g-4(b), had 60 days after the filing of the amended Form 15 on February 17, 2005, which would be on or about April 17, 2005, to file its reports. Respondent’s actions lack egregiousness, in that its obligations did not occur until after the filing by the Commission of the Order at hand.

(2) the isolated or recurrent nature of the infraction;


Respondent’s actions were isolated and not recurrent in that once the respondent learned of the requirement for filing the amended Form 15 on February 13, 2005, the Respondent immediately commenced setting into motion the preparation of financial statements, setting meetings with the Company’s auditors, and counsel for the Company in anticipation of the preparation of the periodic reports.


(3) the degree of scienter involved;


Respondent lacked the scienter required for willful misconduct, in that Respondent relied on the advice of counsel indicating that no reports were required after the filing of the Form 15 on July 22, 2003.


(4) the sincerity of the respondent's assurances against future violations;


Respondent has demonstrated the sincerity of Respondent’s assurances against future violations by nominating an additional board member for purposes of conducting an internal investigation of the Respondent’s corporate matters, setting up procedural internal controls, and setting into motion the coordination of bringing current the outstanding periodic reports. As a result, significant dollars have been spent by Respondent to assure its corporate compliance with the reporting requirements of the Act.


(5) the respondent's recognition of the wrongful nature of its conduct; and


Respondent recognizes that it was of the mistaken belief that Respondent was not required to file periodic reports as of July 22, 2003, and has recognized the wrongful nature of its failure, and has taken corrective action.


(6) the likelihood of future violations.

f. Respondent has established significant reporting controls to provide assurances that Respondent will not either mistakenly, or intentionally violate the reporting requirements, once such reports are brought up to date and current.
g. Respondent’s financial position is such that Respondent is able to incur the coats associated with its reporting obligation.
h. Respondent has retained professionals specializing in federal securities and public company reporting requirements and is sincere in its desire to continue with its reporting requirements under the Act.


(I just hope it is Willy’ed down enough for the SEC to understand it.)


I would also like to say that I believe they included more than enough defenses than that were required ensuring more can be involved and brought to light.

The Risk/Reward ratio has been thrown off balance out of favor of the SEC. I think looking at this... the SECs best choice in the matter is to either dismiss the hearing, or be very lenient and perhaps come up with a schedule for CMKX to follow as opposed to pressing the action.

Everyone wants to avoid headaches especially when they acted inappropriately to cause their own headache.

Stoecklein did a great job IMO.

« Last Edit: Today at 03:19am by georgeburns » Logged

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Disclaimer: Items above may or may not be true. Do not buy or sell stock based on what I write.

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legaleagle
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quote:
Originally posted by drgnfly:
I was in Las Vegas for a couple days - just got back. I went to the where I guess the office used to be (5375 Procyon St. suite 101) and now it is Las Vegas Rod & Custom - it was full of cars being worked on - the number on the window: 433-1932 (I think the area code is 702); anyway, no CMKX there now (and I was ready to get all of our questions answered! ) - the former address was easy to find - I didn't go by "the house"; with all that is going on I thought it wouldn't be the best idea to "stalk" the Casavants, LOL.

picture of the suite (thanks GB)
http://www.noboxtrading.com/cmkx/gallery

drgnfly was that N or S Procyon St?
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legaleagle
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NYSE traders probe: 15 to be charged


NYSE traders probe: 15 to be charged
By Greg Morcroft, MarketWatch
Last Update: 8:23 AM ET April 12, 2005
E-mail it | Print | Alert | Reprint |

NEW YORK (MarketWatch) - Federal prosecutors said Tuesday they're charging 15 former and current specialist traders on the New York Stock Exchange with fraud and improper trading over a four year period.


MARKETWATCH TOP NEWS
U.S. stocks move lower on record Feb. trade deficit
U.S. Feb. trade gap widens to record $61 bln
Verizon registers stock in MCI bid
Greenberg won't testify at meeting Tuesday
NYSE specialist traders probe: 15 to be charged


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The government says the accused traded to benefit their firms at the expense of their customers.

The office of the United States Attorney for the Southern District of New York said early Tuesday the charges would be announced at a 10:30 AM press conference in New York.

Prosecutors said 15 current and former traders will be charged in 9 separate indictments, alleging that the accused violated federal securities laws, " through patterns of fraudulent and improper trading over approximately four years."

Each defendant faces possible maximum jail terms of 10 to 20 years on each count of securities fraud. They also face fines of $1 million to $5 million on each fraud count, or, "twice the gross gain or loss resulting from the offense," the prosecutors said.

In a separate action, the U.S. Securities and Exchange Commission is expected to file civil securities-fraud charges against the specialists.

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Doctoall
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Maybe they will get to share a cell with Urban [Big Grin]

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svrider1000
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LOL
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bill1352
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(6) the likelihood of future violations.

f. Respondent has established significant reporting controls to provide assurances that Respondent will not either mistakenly, or intentionally violate the reporting requirements, once such reports are brought up to date and current.
g. Respondent’s financial position is such that Respondent is able to incur the coats associated with its reporting obligation.
h. Respondent has retained professionals specializing in federal securities and public company reporting requirements and is sincere in its desire to continue with its reporting requirements under the Act.
=================================================


G. i agree with, you sell 703 billion shares of a stock , you better have cash on hand...lol

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Doctoall
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See Legal is trying to get another thread started, guess we need to get our DD over there before the faithful suck more innocents in their trap [Big Grin]

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