posted
You know they talk so big about the SEC and I have problems with some of there slow responses to these scams. But this is big brother here. Might as well write threatening letters to the FBI or even local police for that matter. But the Government in any form, be it the Post Office to the CIA will not tolerate threats and will prosecute. How stupid can you be.
I really don't see how some in this stock like in Willy's room even can figure out how to operate a computer.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
| IP: Logged |
posted
Willy causing problems for Citigroup? others? by Tenisha Brown Wednesday, April 13, 2005
One would think that Willy Wizard a.k.a Hal Engel, a.k.a. Harold Engel, Jr., is very pro CMKM Diamonds. Recently in what some think are staged pump sessions in his Paltalk chat room, appropriately titled, "***********'s Underground."
Recently he has been hosting a session with a user named "accadacca." While in the room, "accadacca" talks about a supposed buyout rumor of CMKM Diamonds from Citigroup. "Accadacca" states some vague rumor from his brother in law who he states is employed by Citigroup at their office in Chicago. "Acadacca" claims he has hired legal counsel who has cleared him to talk about this without any worries of insider trading or full disclosure violations on his or his brother in laws behalf. Yet when asked for details relating to the supposed buyout, he states his lawyer has advised him not to speak. He simply states, "that's a very good question. No comment." Yet when queried about Citigroups supposed buyout of CMKM Diamonds, a pink sheet company he states it will happen and soon. He states he is not sure of the price per share of the buyout offer but thinks it is around 20 cents. Not bad for a stock currently trading at .0001. Engel appears to the author to be supporting "accadacca" as he has kicked members out of the Paltalk room who have raised arguments against the supposed buyout.
They most likely refuted the rumor due to NYSE rule 435. Even after the refutation by Citigroup, Engel continued to state that "Accadacca" seems believable. Engel even went as far as to say that he had been running "voice recognition" on "accadacca." He even posted the results to his Yahoo newsgroup. The post by Engel is at the bottom of this article, including the supposed results.
Engel systematically allows the booting and banning of users of the room who seem to have a different opinion than Engel or his administrators. Any arguments to the rumor are quickly quashed in this manner. It seems to the author that Engel is attempting to keep buying and holding pressure up for some unknown reason. The author can't quite figure out why someone would want to do this for a company who recently had administrative proceeding brought against it by the SEC division of enforcement.
The disclaimer on the room states that Engel owns 921 million shares of CMKX since as far back as March 19th, 2005. His share count has gone down since late 2004, when Engel held approximately 1 billion shares.
During the apparent sell off of his shares, Engel never disclosed his intent to sell on the disclaimer on his site. The site disclaimer does however read, "This writer/owner does reserve the right to trade in and out of securities he holds, sometimes daily and sometimes multiple times per day. Therefore the actual listed share amounts held could be less then listed within this profile disclaimer."
The SEC has stated previously that these type of disclaimers are materially misleading as to the real trading intent of the authors. (see SEC Release No. 42483 / March 2, 2000 : http://www.sec.gov/litigation/admin/34-42483.htm)
Engel has stated in the past that CMKX was ready to explode, ready to rumble, and that "the whales were coming." In apparent reference to institutional investors.
Random fact: Scalping is when a stock tout recommends a buy or hold at which time they sell.
One would think that the SEC might step in and investigate possible scalping scenarios that have become so prevalent by use of the internet and press releases. Unsuspecting investors can suffer when someone "pumps" a stock while they are selling.
Back on the topic of protection of unexperienced investers, the unprotected investors who are lead into his Paltalk room on the direction of his press releases are in for a real treat. Once in the room, they are subjected to name calling, racism, and womanizing as reported on numerous message boards throughout the internet. This comes not only by the other users, but by the administrators handpicked by Engel. Some users have stated that the most despicable of room administrators carries the user ID of "oogie". At one point when a common user disagreed with a rumor supported by Engel, "Oogie" told the user to, "go over to that nigger's" room," referring to a more popular, larger stock chat room whose administrator is an African-American.
Why hasn't Paltalk shut down this room carrying a "G-rating?"
As of the time of writing, the disclaimer on his website includes four stocks. The disclaimer on his paltalk room only includes one stock that Engel was compensated to pump from the issuer, yet he still pumps the other three without a proper disclosure available to users of the chat room.
The SEC has brought proceedings against others for violations of Section 17(b) in which touts are compensated to pump from the issuer, yet not providing the required disclosure of the amount of shares received as compensation.
The author wonders if these rumors are causing problems for Citigroup and for the smaller companies involved.
Message: 13 Date: Mon, 11 Apr 2005 21:19:46 -0000 From: ***********2 Subject: This stays at the clubor I will bounce whomever posts it somehwre else
> 'Excited' samples : (4%) > 'Stressed' samples : (23%) > 'Uncertain' samples : (13%) > 'Voice Manipulation' samples : (0%) > 'Outsmarting' samples : (0%) ------------------------------- > 'Intensive Thinking' samples : (21%) ------------------------------- > 'Inaccuracy' samples : (4%) > 'False Statement' samples : (0%) ------------------------------- >> Suggested analysis: The subject was not excited during the conversation. The subject was stressed in some parts of the conversation. The subject was uncertain about many things he said.
According to the results the subject spoke truth. --------------------- The subject was found reliable.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
| IP: Logged |
posted
seems like they have something for everybody don't it? paltalk with the attitude, racecars, chistian traders... one of the biggest marketing gigs ever...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
| IP: Logged |
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
| IP: Logged |
Where did anything in that letter stating that someone was "pretending to be Pro-CMKX"? Is distortion the only thing you do well? You wrote:
"Ric, spamming some official, pretending to be Pro-CMKX and hitting them with abuse, harrassment and threats, is an old basher trick. Didn't feel the need to spread those ideas to this board."
Furthermore, to suggest anyone on this board or thread has done so is typical of your generally insulting attitude. Why don't you read the riot act to someone over on your CT forum. More than likely, that is where it originated. Many of us remember their vile comments and threats.
Bet you 10 to 1, it was not someone who does not care for CMKX, but was someone who is so pro CMKX they do little more than pump the begeesus out of it. Do you know anyone like that? I do hope the federal authorities track it down and make it public. The only persons I have seen that are that fanatical are avid shareholders of CMKX.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
| IP: Logged |
posted
Does anyone have pictures of these cast of clowns? I've seen sterling and the green barron before so I know why they post crazy stuff... just curious about the rest.
Posts: 38 | Registered: Apr 2005
| IP: Logged |
posted
Urban is now setting up phoney sponsorships? OMG
Started by Gluggo | Post by Gluggo Well not sure who turned me in! I emailed James S. Goddard Director Associate General Counsel that he could take his threatening email and shove it! If he wants to come after me go ahead! I got plenty of fire power here in Alaska! Come on buddy I dare you! I will fight this to the end! Mr James S. Goddard can just kiss my you know what!
My next question is which one of you turned me in?
Attn Gluggo!
It has come to the attention of Citigroup/Smith Barney that you have been posting photographs--specifically photos depicting a "Citigroup/Smith Barney" logo on a CMKX racecar, with a legend identifying the individuals in the photo as a "Citigroup Rep and UC".
Please be advised that any reference to Citigroup and/or Smith Barney in connection with CMKX, in any capacity, was, and is, unauthorized. "Citigroup" "Smith Barney" and the "Citigroup Umbrella Logo" are registered trademarks owned by Citigroup Inc., and those marks were used without the permission or approval of Citigroup. The person identified in the photographs as a "Citigroup Rep" was not, and is not, authorized to represent Citigroup in connection with use of Citigroup's registered marks. Citigroup has never sponsored, does not sponsor, and has no intention of sponsoring CMKX or CMKXtreme Racing.
Last week, Citigroup issued the following Announcement, which can be found on the website "smithbarney.com":
"April 8th, 2005 - Smith Barney Not Connected with CMKM Diamonds:
It has come to our attention that various website chat room postings have suggested a relationship between Citigroup and/or Smith Barney and CMKM Diamonds (Symbol: CMKX) and CMKXtreme Racing. Please be advised that there is no relationship or connection whatsoever between Citigroup or Smith Barney and CMKM Diamonds or CMKXtreme Racing, and any statements to the contrary are false."
Citigroup hereby demands that Gluggo cease and desist in these photographs referencing Citigroup and/or Smith Barney and/or any of its affiliates, agents or employees to be immediately removed. In addition, Citigroup demands that Gluggo cease and desist from making any statement which states or implies that there is any relationship or connection between CMKM Diamonds and/or CMKXtreme Racing or any of their affiliates, agents, employees, officers or directors and Citigroup, Smith Barney or any of their affiliates, agents, or employees.
In the event that Gluggo does not immediately comply with this demand, Citigroup will take all necessary and appropriate legal action to ensure that these demands are met. Please feel free to call, or e-mail, me if you have any questions.
Very truly yours,
James S. Goddard Director Associate General Counsel
quote:Originally posted by Upside: You've gotta stick around dwman. Without your levity our mean sides come out. Congratulations on the new grandson by the way.
Thanks Upside. He's a keeper.
Posts: 1005 | From: Grapevine, TX 76051 | Registered: Aug 2004
| IP: Logged |
posted
Wallace since you don't recall, let me remind you of your very first chat with noah:
noahltl New Member
Rate Member posted June 17, 2004 15:11 --------------------------------------------------------------------------------
NEWS NEWS NEWS UCAD issued PR announcing change of accounting firm. May be first signal of the anticipated merger. Getting ducks in a row. http://biz.yahoo.com/e/040617/ucad.ob8-k.html
-------------------------------------------------------------------------------- Posts: 2 | From: Noblesville, IN | Registered: Oct 2004 | IP: Logged |
************************************************
Wallace#1 Member
Member Rated: posted June 17, 2004 15:23 -------------------------------------------------------------------------------- Someone ought to start a thread on rumors started and by whom. There are many reasons a company changes accountants. One reason is they do not want an honest firm...just one that will agree to everything the company demands.
*************************************************
noahltl New Member
Rate Member posted June 17, 2004 15:28 -------------------------------------------------------------------------------- There are many companies that change dental plans too, but they don't release a PR about it unless they are sending a signal to the market.
*************************************************
Wallace#1 Member
Member Rated: posted June 17, 2004 15:35 -------------------------------------------------------------------------------- Well, noahltl, that is the best piece of evidence I have ever seen for investing in or gambling on a dream. CMKX hasn't shown itself to have an awful lot of teeth though...except the ones that are biting your butt!!!
*************************************************
Author Topic: CMKX II new Thread. Get it while you CAN ! noahltl New Member
Rate Member posted June 17, 2004 15:46 -------------------------------------------------------------------------------- Wallace - Most of us here are waiting and watching CMKX. Some of us are not dreamers. There is movement in this stock and that's really all most of are looking for. Any thing that moves that stock can be important to investigate when making decisions on buy / sell. I posted news that is relevant to that kind of decision making. I'm not pumping, just making news available to fellow investors. There has been a lot of talk about merger by these two companies to take us to OTC. Dr. Mark Hutchinson, our consultant geologist is on the board of UCAD and their offices are in Vegas as well. They are a partner in Carolyn and any thing they do is worthy of note right now. If you don't have any of this stock, I'm sorry, it's the greatest front row seat I've ever had. Go bash someone else, I've got business to do.
*************************************************
Wallace#1 Member
Member Rated: posted June 17, 2004 16:50 -------------------------------------------------------------------------------- noahltl - again, considered the source and IQ. No further comment. By the way, can you spell "professional"? [This message has been edited by Wallace#1 (edited June 17, 2004).]
************************************************
noahltl New Member
Rate Member posted June 17, 2004 17:11 -------------------------------------------------------------------------------- Wallace once again you jump without analyzing your situation. You responded to me about spelling "professional" and yes I can, thank you very much. The problem is that I didn't use that word in my post to you, that was another poster. So once again you speak without knowing your facts, proving you are neither "profesional" or "professional". But you do seem to have an "elitist" air about you that smells up everything you post
Posts: 2375 | Registered: Nov 2004
| IP: Logged |
posted
It will take awhile for people to settle down again...Every time there is a glitch in other stocks people start running around like chickens with they're heads cut off screaming it's another CMKX....Thanks alot U/C you no good son of a cow chip!!!!
My all time favorite pic is the ' shed 'and that weird looking guy holding up the pizza...what the heck, I am a man of simple pleasures.
Posts: 10729 | From: oregon | Registered: Feb 2005
| IP: Logged |
posted
dusty please...you know legel will make that into a new mm manipulation theory..lol
got to comment on this...lol
================================= Ric, spamming some official, pretending to be Pro-CMKX and hitting them with abuse, harrassment and threats, is an old basher trick. Didn't feel the need to spread those ideas to this board. ================================================
seriously legel your kool-aide soaked brain can't believe a basher of cmkx would need to make such a call? why? what possible good would it do any basher? the n/s chit?? this company is doing just what any basher has said it would do. it cant go lower in pps. the o/s is so high it destroyed any possible value. it has no known findings of any real value. the SEC is investigating it now. its been suspended. it could easily be shut down. you talk about reasonable opinion, the only reasonable opinion is that the ever protective cult is making those threats. the same cult that bans any person that doesn't believe riches are just around the corner. the cult that believes the whole stock market is focused on destroying cmkx. the paranoid cult that believes only cmkx's claims & any results need to be hid from debeers & others. while every other diamond exploration company out there has no worries about announcing their findings. before long your cult will be thinking their phones are tapped, that mm hired hit men are around every corner. you'll be locked in rooms afraid to leave because you folks know so much & need to be shut up. it was pathetic but its getting even worse.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
| IP: Logged |
posted
bill, I can't believe you have been around as long as you have. If bashers, pretending to be pro-CMKX, send threatening email to the SEC, ranting about how "unfair" the investigation is, then the SEC will only work harder to prove their case and could become more strident in their investigations and charges.
Posts: 2375 | Registered: Nov 2004
| IP: Logged |
posted
I hope they are strident and work harder. It appears the only way we will ever know what's going on is if someone forces it out of CMKX. They certainly havent been any more forthcoming with news than they ever were, regardless of what "Iron Bob" says. The only news we get is about the SEC investigation. Still waiting for the drilling reports and financial info that was promised years ago. Damn it, I'm out of Koolaid again !!!!!!
-------------------- 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
| IP: Logged |
posted
legel..the point is why? if as you believe bashers are trying to kill cmkx & yes i'm sure some are calling would be foolish even more so saying the SEC is trying to harm CMKX. it would show that shareholders believe in the stock, of course it would also bring a FBI visit which is never a good thing. there is enough support for cmkx with the shareholder group. now if you said bashers calling threatening the SEC if they dont jail UC i'd see your point. CMKX is doing itself all the harm it can. it doesn't need any basher push. they have gone from a possible solid investment to possible scam all by themselves. & might i add have done it in style & with a set of b**ls.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
| IP: Logged |
posted
koiman6 14 Apr 2005, 11:01 PM EDT Msg. 195372 of 195936 Jump to msg. # This article of mine goes out tomorrow...
“Does the SEC Sanction Stock Counterfeiting???”
This disturbing question surrounds an illegal stock market activity, long tolerated by the SEC called “naked short-selling”. It is the literal equivalent of stock counterfeiting. This practice amounts to theft of investor’s money by the selling of non-existent stock, diluting legitimately issued shares. It is the job of the SEC to prevent this sort of white-collar crime. Apparently the SEC has a differing view on this matter and appears to be in violation of the very mandate that empowers them to regulate the stock market in order to protect the investing public.
Many investors are greatly disturbed by the declaration the SEC makes in a document posted on the SEC website on April 11, 2005. In section 2 of this document on this webpage, www.sec.gov/spotlight/keyregshoissues.htm , we find this statement by the SEC: “Naked short-selling is not necessarily a violation of the federal securities laws or the Commission's rules.“ This outrageous statement flagrantly contravenes securities law and indeed the principle mandate of the SEC, which is the protection of the private investor.
So what exactly do we mean by ‘naked short-selling’ and is this practice truly a threat to the investors in the stock market?.
In simple terms, “naked short-selling” or “failure to deliver” is the de facto counterfeiting of stock and sale of these “phantom shares” into the market. Here’s how it works… In a legal short-sell, shares are borrowed, the shares are then sold with the hope that the price will drop. When the price drops, the short-seller buys the same number of shares from the market and returns them to the entity from which they were borrowed. The short seller keeps the difference in price as profit. If the price rises and the short-seller is compelled to sell at a higher price then they lose money. A risky but legal game. Legal, that is, unless the short seller never borrowed the shares in the first place. This is naked short-selling, i.e. illegal counterfeiting of stock in that the shares were never borrowed in the first place for delivery to the buyer. The shares are created out of thin air, sold into the market and thus dilute the number of legitimate shares already existing.
“Naked short-selling” is synonymous with the term “stock counterfeiting” and that more honest term will be used interchangeably from this point on. It is the literal equivalent of printing money, walking down to the store and spending it. Now if a private citizen were to do that they would quickly land in jail and rightfully so since counterfeiting artificially devalues the legitimate money already in circulation. Likewise, your investment dollars become devalued by stock counterfeiting.
This is why many investors are puzzled by the seemingly conflicting statements and actions of the SEC in regards to naked short-selling. The conclusion reached during an SEC meeting that took place on October 21’st of 2003, was that naked short-selling is “Manipulative, Abusive and Problematic”. Now, a year and a half later the SEC says it is “not necessarily illegal”? The conditions under which the SEC attempts to grant legitimacy to the crime of stock counterfeiting are suspect at best. Again to quote from the April 11, 2005 SEC document, “…in certain circumstances, naked short selling contributes to market liquidity. For example, broker-dealers that make a market in a security4 generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers.” This is absurd. What purpose is served by creating a mechanism by which Market Makers can churn shares back and forth between themselves in a market with NO buyers or sellers?
At this point, one must ask the question, “What in blazes is going on here?” How, one wonders, can the SEC allow such practices to continue and how is it that the SEC issues seemingly contradictory statements in regards to a practice designed to steal money from the American public? Well hang on because it goes from bad to worse…
Again, we return to the quote from the SEC… “Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules.“ I wonder then about Title 18, Chapter 25, section 473 of the US Criminal Code where the subject of “dealing in counterfeit obligations or securities” is fully addressed? Does the SEC not have an obligation to promote adherence to the laws set forth under this code? Indeed they do and it is found in the very mandate that created the SEC in the first place. This would be The Securities and Exchange Act of 1934, Section 17A, Paragraph 2. This is the congressional mandate the SEC is not fulfilling: “2) The Commission is directed, therefore, having due regard for the public interest, the protection of investors, the safeguarding of securities and funds, and maintenance of fair competition among brokers and dealers, clearing agencies, and transfer agents, to use its authority under this title-- i. to facilitate the establishment of a national system for the prompt and accurate clearance and settlement of transactions in securities…” (emphasis added)
Clearly something is deeply and troublingly wrong with our system of trading stocks. We have, by congressional mandate, an organization whose job it is to oversee the market and insure fair trading practices and this organization, the SEC, has dropped the ball. More to the point, the SEC seems to be blatantly aiding and abetting profoundly criminal activity. However, the SEC is not the only organization at fault here. The Depository Trust Clearing Corporation (DTCC) has their hand in the cookie jar too. The DTCC is the private organization responsible for clearing nearly all stock transactions that occur in this country. It is a quasi-governmental organization, a member of the U.S. Federal Reserve System, and is actually privately owned and operated by some of the most powerful individuals from within the financial and banking industry. The biographical data on the DTCC website is somewhat chilling as one is left with the sense that the foxes are indeed guarding the henhouse…and we are the hens.
One case involving problems with the DTCC, and there are many, is that of Eagletech Communications, Inc. (ticker symbol EATC). Recently, Rodney E. Young, the CEO of Eagletech wrote an open letter to the general counsel of the DTCC in which he states, “on March 4, 2005 Eagletech Communications, Inc.’s Attorneys announced the ruling of the Supreme Court of the State of New York, wherein the DTCC was compelled to produce the Company’s trading records. Today, more than one month later, the records have not been forthcoming as ordered by the court”. The complete letter may be found on the company website at www.eagletech1.com/prn04052005.html In brief, Eagletech stock has suffered greatly at the hands of naked short-sellers whose illegal activities have been aided and abetted by the “stock-borrow program” offered by the DTCC, according to Mr. Young.
The DTCC “stock-borrow program” is one of those good intentions that has predictably paved the road to Hell and it appears to be a major contributor to this fetid cesspool of illegalities. To quote from the DTCC website…this is how it works: “The Stock Borrow Program allows participants to lend NSCC available stocks and fixed income securities from their account at The Depository Trust Company (DTC), to cover temporary shortfalls in NSCC's Continuous Net Settlement (CNS) System.” In other words, the DTCC funnels phantom stocks from thin air into the market place in hopes that these shares will be balanced by the influx of trades being settled, acting as a buffer for the volatile stock markets. Sounds good on paper but it obviously has added to the problem of persistent delivery failures, which equate to the counterfeiting of shares any way you look at it. Perhaps that is why the DTCC continues to defy a judicial order in regards to delivering the trade records of Eagletech Communications.
The scope of this brief article is not sufficient to fully explain the complexities of the DTCC’s involvement in this naked short-selling scandal some refer to as “Stockgate”. For an in-depth discussion please refer to the following article at www.investors.com/breakingnews.asp?journalid=22565366&brk=1 A brief quote from this article is at disturbing to say the least, “The recent lawsuit filed by Nanopierce Technologies (NPCT) alleges that the Depository Trust and Clearing Corp. has a lot of reasons, almost one billion of them a year, to keep illegal naked short selling in operation. It was the shot across the bow by the legendary Houston law firms of Christian, Smith, Wukoson and Jewell, and OQuinn, Laminack and Pirtle, whose notches already include environmental targets, the breast implant industry and the tobacco industry, all brought to their knees. In comments to the U.S. Securities and Exchange Commission, C. Austin Burrell, who is providing litigation support and research for the law firms, said that StockGate is more massive than anyone may have imagined. "Illegal Naked Short Selling has stripped hundreds of billions, if not TRILLIONS, of dollars from American investors," and have resulted in over 7,000 public companies having been "shorted out of existence over the past six years." Burrell said some experts believe as much as $1 trillion to $3 trillion has been lost to this practice”. End quote.
There are some who will downplay the negative effect that naked short-selling / failures to deliver/ stock counterfeiting has on the market. Their principal argument is that whatever stock counterfeiting occurs, happens mainly with “penny stocks” trading on the Over the Counter Bulletin Board (OTCBB) and the much beleaguered Pinksheets (OTC’s) where many companies massively dilute their own stock with fresh shares just to survive. This begs the question though, “Would these small, struggling companies be compelled to dilute their stock nearly so much if their stock price per share were not being driven to the ground by the criminal activity of stock counterfeiting?”
Indeed there are cases before the courts right now that illustrate just how bad this problem really is and how hundreds of struggling companies and their many thousands of shareholders are being adversely affected. “Adversely affected” is not worded strongly enough. Investors are being robbed blind by the criminals who operate within the market system AND from beyond our shores and direct jurisdiction through hedge funds and other trading entities. And where do these ill-gotten monies go? Organized crime? Terrorist organizations?
Has the SEC made any attempt to address the issue of stock counterfeiting? Well yes and no. In late 2004, early 2005 Regulation SHO was put into effect ostensibly to shine the light of scrutiny and enforcement upon the issue of naked short-selling / stock counterfeiting / settlement failure (choose your euphemism). SHO has been a dismal failure. Out of the hundreds of companies who have made the list there has not been a single action taken, as far as can be determined, against any of the parties involved in the willful and illegal shorting of these stocks. For an in depth discussion on the details of SHO and failures thereof please refer to this link: www.investigatethesec.com/DP120205.htm
Investors are worried and are asking many important questions such as, “Why does the SEC allow the fraud of stock counterfeiting via naked short-selling to continue?” “Do I wish to continue to invest my hard earned dollars in a market rife with corruption from the top down, corruption that is far too complex to be easily understood?” The SEC is supposedly the protector of the investing public. Who is protecting us from the SEC?
These at least are questions that many of us ask daily and for many of us it is why we hesitate to throw good money after bad by continuing to invest our honestly earned monies in a system that is apparently designed to steal from us. Hundreds of BILLIONS of dollars have been stolen from us, and the companies for which we work. Yet, every day, day after day, the theft continues. What are we to do? We are left with few alternatives.
Fix the problem SEC or we take our investment dollars elsewhere.
posted
From what I understand the stock is trading with a bid/ask of .00003/.00006. Virtually everything I have allocated to penny stocks is invested right now, except for $1.25. If I could buy at the bid, I could get 41,666 shares, the ask would yield me 20,833. For a buck and a quarter! And we're going to take over the diamond world?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
| IP: Logged |
CMKM Diamonds Provides Update Friday April 15, 2:18 pm ET
LAS VEGAS--(BUSINESS WIRE)--April 15, 2005--CMKM Diamonds Inc. (Pink Sheets:CMKX - News), in its continuing efforts to furnish the investing public and its stockholders with current information and to quell any inaccurate rumors, has disclosed the following corporate information: Rumored Stockholder Meeting. CMKX has not noticed nor will it, or anyone on its behalf, conduct a stockholders' meeting at the NHRA event to be held in Las Vegas this weekend.
Administrative Hearing. On April 13, 2005, a prehearing conference call was held among CMKX's counsel, the SEC's division of enforcement and a SEC administrative law judge. On the call, the administrative law judge denied the division of enforcement's request for summary disposition. As a result, the judge set a new hearing date of May 10, 2005, in Los Angeles (time and location unknown at this time). Further, the judge made it imperative that CMKX be prepared to provide a status report on its accounting and 12g reporting at the hearing.
CMKX would like to reiterate to its stockholders and the investing public that all corporate updates will be made solely through press releases and/or current reports on Form 8-K as and when they become available.
-------------------------------------------------------------------------------- Contact: CMKM Diamonds Inc., Las Vegas Andrew Hill, 306-752-3755 or 877-752-3755 cmkxir@mail.casavantmining.
Posts: 264 | From: ATL | Registered: May 2004
| IP: Logged |
posted
While I was looking back for my first exchange with Wallace, I couldn't help but stumble over a few choice "quotes". Here is a couple from a "vicious" exchange between the rabid Christian Leader WWJDthrume, Debi; and the ever vigilant Wallace:
Member Rated: posted June 29, 2004 10:30 -------------------------------------------------------------------------------- Debi, Glad to know at least we can agree to disagree at any time without any hard feelings. YOU CAN COOK ME ICE CREAM BALLS AT ANY TIME!!!! LOL
***********************************************
Wallace#1 Member
Member Rated: posted June 29, 2004 22:17 -------------------------------------------------------------------------------- Debi, You know I truly wish you all the luck in the world! You can be tough but underneath, there's a lot of sugar..."sweetie pie".
Re the ribs and tempura...any time you get near my neck of the woods, let me know. You got it!!
Here's one for you. Re the release on 6/16/02 -- Roger Glen. Part of his statement said, "The company has advised us that it is dedicated to complying with all requirements on it, and we are pleased to act as counsel to it on that basis."
As a pink sheet listed company, there are few if any "requirements" on it. They even stopped SEC filings. If counsel is acting on that basis (that is, "requirements on it"), then I must suggest that they are doing little or nothing. What do you think?
quote:Originally posted by Upside: From what I understand the stock is trading with a bid/ask of .00003/.00006. Virtually everything I have allocated to penny stocks is invested right now, except for $1.25. If I could buy at the bid, I could get 41,666 shares, the ask would yield me 20,833. For a buck and a quarter! And we're going to take over the diamond world?
Do you really think those prices are being driven by the demand, with volume approaching a billion shares? Or by the MMs?
Posts: 2375 | Registered: Nov 2004
| IP: Logged |
posted
I'm going with demand. A billion is a light trading day, people are hesitant to buy and the few that do are paying fair value, in my opinion.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
| IP: Logged |
posted
And here's another from his "sweetie pie" in what is an obvious Christian conspiratorial attack on him:
WWJD-thru-me Member
Member Rated: posted July 03, 2004 14:29 -------------------------------------------------------------------------------- Money_Penny-Wallace isn't a basher and he did have some shares but sold them after rethinking his purchase. I don't agree with his take on this stock but if we never hear a negative view we may miss something important. I am hoping this is as good as most of us think it is. Regular posters on these boards should be able to express contrary opinions. To deny that freedom is not financially healthy especially on a stock message board. However new posters coming in who start up with negative talk not based on verifiable evidence will be thought of as bashers by me until proven otherwise. The flip of that should be true also and in any stock. With CMKX there is a lot of excitement and the hype can be a little overwhelming sometimes. I am guilty of getting too excited about it most of the time. I think there is a lot to be excited about but hearing the other view point can halp keep us grounded. I would say this is a very postive board in general so hearing an occasional contrary voice is a good thing. Let's keep it pleasant and have fun. IMO-DD Have a great Day all!!! Debi
And of course Wallace let her have it with one of those "cooked ice cream balls".
[ April 15, 2005, 15:49: Message edited by: legaleagle ]
Posts: 2375 | Registered: Nov 2004
| IP: Logged |
posted
And of course there was the patriot who thought this board should be open to diverse opinion. Apparently as long as they are the same as his:
Wallace#1 Member
Member Rated: posted July 03, 2004 13:58 -------------------------------------------------------------------------------- Tomorrow, folks, is the 4th of July, otherwise known as Independence Day. As a result, we were all given certain inalienable "Rights". That includes the right to voice one's opinion (aka free speech). I am a Veteran who got shot at to protect those rights...including those of people who want to tell others to shut up, get off the message board forum, basher, etc. I have searched my genealogy, and at least 7 of my ancestors fought in the American Revolution for those same rights. Doji, if you and others have a different venue, that is your right. That does not mean anyone should be gagged or denegrated because someone does not want to hear what may also be an honest opinion. Some of you even went to the point of emailing Allstocks to try to get me removed from this forum for voicing my opinion. One, I definitely know. As to the other 2, I can make a very accurate obserbvation.
Email Allstocks, and I am willing to bet they will inform you they intended this to be a "forum". A forum is a public meeting place for open discussion...a medium for open discussion. Anyone question what "open discussion" means? A good example is a 2-way street. Be courteous and respectful enough to allow someone to pass in the opposite direction and remember, you may turn around at some time as well.
Have a safe and enjoyable 4th of July!
[This message has been edited by Wallace#1 (edited July 03, 2004).]
Posts: 2375 | Registered: Nov 2004
| IP: Logged |
posted
And of course the one from "Wallace the Pumper":
Wallace#1 Member
Member Rated: posted June 10, 2004 23:28 -------------------------------------------------------------------------------- Upside, your .0009 seems low to me. Wouldn't surprise me if it goes to between .001/.002. Remember, even small diamonds can be profitably used for industrial purposes.
Posts: 2375 | Registered: Nov 2004
| IP: Logged |
posted
AND OF COURSE, THE FUNNIEST OF ALL, "WILL, THE KOOL AID DRINKER":
will Member
Member Rated: posted June 10, 2004 23:31 -------------------------------------------------------------------------------- .0009 ??? Now you are being overly cautious. Regretfully I have tried to process what you and Power have been posting in the most positive way, but I'm sorry I just cannot agree with that. I now believe your and Power's only option for victory here is to surrender to the real facts, and stop trying to discount them. I cannot understand how you can firmly hold that position when time after time you have to give more ground and revaluate your position as facts are revealed. I am a dubting Thomas, but I certainly don't discount and dismiss facts when they are presented to me. A couple of months ago, I laughed at people that were buying CMKX, now I drink there grape KOOL AID. Please be more realistic with your opinions.
quote: -------------------------------------------------------------------------------- Originally posted by Upside: originally posted by pharmdman: Assuming no other news is released between now and then, my guess is .0009 tops. --------------------------------------------------------------------------------
Posts: 2375 | Registered: Nov 2004
| IP: Logged |
Member Rated: posted June 12, 2004 18:18 -------------------------------------------------------------------------------- knee-hi-boot-gurl: Someone can come here with a signed note from Jesus telling me to sell , and I wouldn't pay any attention to it. I have made up my mind this is either going to go to the .XX in the next few months, or be worthless, or stagering around in the .00X's. Makes no difference at this point. Keep this in mind, read the company's PR's and base your decision on that, not some halfassed, ambigous comment design to unerve you. I don't care who makes the comment stock God, Guru, Superstar...I have made up my mind to make up my OWN mind regarding this one.
Posts: 2375 | Registered: Nov 2004
| IP: Logged |
posted
And of course here is that self-serving devilish pumper post from Debi, using the starving children to fullfill her lust for CMKX pumping profits:
WWJD-thru-me Member
Member Rated: posted June 11, 2004 07:12 -------------------------------------------------------------------------------- Ali-Great post as usual. I love Habitat for Humanity. There are so many good charities. I hope lots of them benefit from a little of the new found wealth of the multitudes of CMKX investors. My favorite is World Vision. The Hope Child project helps communities in Africa that are being destroyed by AIDS. In Lesotho where one of my friends just returned from 1 out of 3 people in the whole county has AIDS. You can visit www.WorldVision.org to find out more. I want to be a philanthropist when CMKX grows up. I am excited by all the possibilities. God Bless, IMO-DD-GLTA-Debi
Posts: 2375 | Registered: Nov 2004
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Razz]](tongue.gif)
![[Wink]](wink.gif)
![[Big Grin]](biggrin.gif)
![[Smile]](smile.gif)
