quote:In a parallel universe Melvin is still the IR guy
If you believe in quantum physics the theory goes that there are enough parallel universes where every possible outcome of any given situation is played out thereby dictating an infinite number of universes. My bet is that in every one of them CMKX is trading at .0001
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posted
In response to legal's last repost of a post:
"RG comes on board to bring us back to fully reporting (not with the intention of revising form 15)" RESPONSE: With his reputed experience in the securities field, with the SEC and with an accounting background, he cannot be excused for not revising the Form 15. Furthermore, with such a background, he probably did know about it.
"LAS VEGAS--(BUSINESS WIRE)--June 4, 2004--CMKM Diamonds, Inc., (Pink Sheets:CMKX - News) president and chairman of the Board of Directors, Urban Casavant, announces that the Law Firm of Edwards & Angell has been retained to represent the Company in its desire to become fully reporting once again". RESPONSE: There was also the mention of solving CMKX's problems to which the poster and reposter (legal) conveniently made no reference. DISTORTION!!! In addition, that law firm and Glenn FAILED to get them even partially reporting in over 6 mos.
"IMO, during this time, the SEC is throwing up roadblocks left and right to prevent CMKX from filing what will expose their imcompetency and a huge NSS". RESPONSE: Wild SPECULATION and no supported proof whatsoever. DIVERSION!
"Roger Glenn continues to try to work with the SEC." RESPONSE: Says who? No proof! SPECULATION!! Bet he's steering real wide of the SEC at this stage of UC's game. There might even be cause for disbarment. And both of my two previous sentences ARE speculation.
"today announced the reinstatement of its reporting status under the Securities Exchange Act of 1934 through the filing of an amended Form 15" RESPONSE: No choice once they discovered the deception? Surely did not want the same baggage RG, E&A, UC and others are facing.
"A prime component was to reinstate reporting status," RESPONSE: Sound familiar? Different words, but the same as RG promised he was going to do.
"-- Whether CMKX is required to file with the Commission current and accurate information in periodic reports under Section 12(g); and -- Whether CMKX failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder by failing to file required periodic reports." RESPONSE: Absolutely no question about the fact that they did not and should have done so.
"At the phone hearing, the SEC requests delisting without a proper hearing (sorry can't find the report from Frizzell) - the judge denies and the hearing is now set to May 10th." RESPONSE: That is called a "Summary Judgement" and is standard operating procedure in any such case. Although the judge did not grant "Summary Judgement" at that that time, she did not appear to have closed the book on such a possibility in later hearings.
"IMO, the SEC is crapping their pants - no wonder all the reports from the races say that UC, etc, aren't worried - we have the SEC by the balls!" RESPONSE: Think again. It wasn't the SEC that did not file. It wasn't the SEC that filed the improper information. It wasn't the SEC that said they were not required to file. It wasn't the SEC that did not file 10Ks,10Qs, etc.
This is a perfect example of the diversion and distortion being shoved off on shareholders and potential shareholders. It is all a load of misinformation....similar to the Form 15.
Remember, anyone who reposts such a post is just as guilty of posting trash as the original poster.
posted
StockGate: Note To Depository Trust & Clearing Corp.: This Is What An ‘Opinion’ Looks Like / FinancialWire®
April 18, 2005 (FinancialWire) Personal Privilege By Gayle Essary / We at Investrend were recently as stunned and disturbed as anyone else when the powerful and reclusive Depository Trust & Clearing Corp. became a prime suspect in the sudden and inexplicable “indefinite postponement” by General Electric’s (NYSE: GE) “Dateline NBC” of what was expected to have been a shocking expose of the DTCC’s purported role now and over the years in the counterfeiting of electronic certificates supporting illegal naked short sales.
After all, the DTCC is presided over by such otherwise seemingly responsible and luminous institutions as the NASD and the NYSE, its two “preferred” shareholders, along with Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), and John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER).
Surely none of these would be party to shenanigans that lead to the censorship or disabling of any media. But wait, you say, there is no proof. Maybe, not yet, but we don’t have to wait for proof that the DTCC engages in such un-American activities as press censorship.
The DTCC, an agent of SROs that gives it quasi-government status, has admitted outright that it has engaged in communications that are not only tortuous interference but that more to the point, seem to have put it in the glaring headlights of the First Amendment to the Constitution of the United States of America, that protects media from interference by any government institution:
“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.”
In the letter, attorney Charles S. Sims, in classic Orwellian double-speak, actually references the First Amendment as giving his clients the right to interfere with another’s First Amendment rights. Which, of course, is how we wind up here further exercising our opinion about his opinion about our opinion of the First Amendment, ad infinitus, we guess. The only difference is that neither this opinion nor our regular news are now distributed to the readers of Investors Business Daily or to finance news users at Yahoo (NASDAQ: YHOO), because the DTCC didn’t just express its opinion. Its communications were designed to squelch our rights to publish, and resulted in Investors Business Daily immediately taking down our news feed.
What was the “First Amendment opinion” stated by the DTCC that cause this harm not only to our business but also to our rights of free expression? It was that FinancialWire is “not a bona fide news” provider.
We beg to differ, of course. No, we are adamant in our differing. If our news articles leaned against counterfeiting of shares and naked short sales that’s because we have been working under the illusion that both are actually illegal. We have to say, however, that the recent postings by bureaucratic staff members on the SEC.gov site that says “not all naked short selling” is illegal and further, that those who did engage in illegal naked short sales before the beginning of 2005 have been granted a kind of stock market manipulation “amnesty” by a “grandfathering” that to our knowledge was neither asked for nor approved by the Congress or the President was another shocker that by now has just been layered on to a cacophony of shockers. However, in the end that is something our readers will and can sort out and judge. Our readerships continue to grow rather phenomenally, even after the loss of these two outlets, so if you accept this readership growth as the measure, the “opinion” of the DTCC is dead wrong.
Whatever the case, the bottom line is that the readers at Investors.com and Yahoo! Finance no longer get to make that choice. The DTCC has made that choice for them.
If you’re a user of one of those services and that’s okay with you, we have no concerns. If it’s not okay with you, you can express your own opinion of this press censorship and interference to other media, to the two outlets, to the DTCC, to the two “preferred shareholders,” to any of the 21 DTCC board members, or in whatever means suits you. Why did we call this un-American? First and foremost, you can contrast the variety of news you receive in America due to our Constitutional protections to those the public is allowed to receive in say, China, or say, Syria, or say, Myanamar, or say, Russia, or any authoritarian government. The press is your proxy. You do not have the time to ask questions or to dispute the statements of governments, institutions, or bureaucracies, so it is the role of the media to do that for you.
When an institution such as the DTCC takes it upon itself to decide for you what is news and what is not, simply because it does not like what it is reading, or it is asking too many questions or raising disturbing issues, we have a difficult time not seeing parallels.
Perhaps you were not yet an adult or fully aware of the press restrictions in oppressive regimes such as the Nazis or the Communists, but you most certainly were aware only four years ago that Russian President Vladimir Putin unilaterally shut down NTV, the only non-state-owned television channel in Moscow and replaced it with state-employed reporters and producers. You have surely seen the results of this in the scant Russian coverages of the Moscow theatre and school hostage situations, not to mention the Yukos debacle.
Maybe this comparison of the DTCC and Putin is more graphic to us because we were actually in Moscow when NTV was being shut down. This writer was on other business but accompanying the partner of Ted Turner, who was seeking to acquire NTV. Turner and our mutual business colleague met with Putin and in classic Turnerese, lectured the Russian president on the importance of a free press in his desires for a free market economy.
Putin would have nothing to do with Turner’s arguments, but did keep up the charade of allowing potential acquisition meetings to occur throughout the week this writer was present. Meanwhile the owner of NTV had already fled the country, and his second-in-command was under house arrest. We had the privilege of having an outing one evening with a dozen or so of the brave NTV editors, writers and producers, along with our business colleague, and they were already living in fear. They had their own armed guards stationed at all of the exits, to attempt to repel any sudden Putin-directed forces.
This writer shared an automobile back to the Metropole Hotel, whose balcony Lenin used to direct his revolution, and we were a little uneasy at various checkpoints since the hotel already had us mistakenly involved in the acquisition, and the Metropole was famously known to have been bugged. When our colleague was out, the hotel had called our room to ask us to retrieve a fax to him from Ted Turner, so if there was a sweep, we knew we were going to be in it.
Having escaped all this intact, it never occurred to us that Putin would be waiting for us back on American shores.
So, now that we have begun here to actually express “opinions not news,” which is an equally responsible role for the media, we’re going to move right on to three opinions:
1. The Depository Trust and Clearing Corp. has become too large, too encompassing, too powerful, too unresponsive to those it serves, primarily the investing public, too unresponsive to the Congress under whose auspices it should be operating, and most of all, too arrogant.
2. First, it is time to unconflict it, with real public representations on its board.
Second, it is time to break it up, with its various duties provided by smaller agencies under separate unconflicted boards.
2. General Electric, the world’s second largest corporation, is beginning to show that it can not be both a multinational comglomerate and a faithful media steward.
First, it is time for General Electric to think about divesting NBC to a group whose sole business is to manage a free, untethered press and media establishment.
Second, if it will not do that, then it should put its news operations in the hands of an independent, journalistic board that is not answerable to the conglomerate. This is not a bad idea for CBS, ABC and FOX as well.
3. The SEC should take its unilateral decision about legal illegal naked short sales and its amnesty program to Congress and get its authority, or at the least, vote up or down at the Commission before letting its staff double-speak away law-breaking and law breakers.
So, now, DTCC, you have three examples of “opinion” to point to. Why that disqualifies us from First Amendment protection or protection from your bullying, tortuous interferences, however, is beyond us.
Now, before ending this opinion piece, let’s enumerate your bosses, since we have not yet heard from them as to whether they support your Un-American tactics:
The DTCC’s two preferred shareholders are the New York Stock Exchange and the NASD, a regulatory agency that also owns the Nasdaq and until recently, the American Stock Exchange. Other DTCC board members include Michael C. Bodson, Managing Director, Morgan Stanley (NYSE: MWD); Gary Bullock, Global Head of Logistics, Infrastructure, UBS Investment Bank (NYSE: UBS); Stephen P. Casper, Managing Director and Chief Operating Officer, Fischer Francis Trees & Watts, Inc.; Jill M. Considine,Chairman, President & Chief Executive Officer, The Depository Trust & Clearing Corporation (DTCC);
Also, Paul F. Costello, President, Business Services Group, Wachovia Securities (NYSE: WB); John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER); Donald F. Donahue, Chief Operating Officer, The Depository Trust & Clearing Corporation (DTCC); Norman Eaker, General Partner, Edward Jones; George Hrabovsky, President, Alliance Global Investors Service; Catherine R. Kinney, President and Co-Chief Operating Officer, New York Stock Exchange; Thomas J. McCrossan, Executive Vice President, State Street Corporation (NYSE: STT); Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); and Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), Eileen K. Murray, Managing Director, Credit Suisse First Boston (NYSE: CSR); James P. Palermo, Vice Chairman, Mellon Financial Corporation (NYSE: MEL); Thomas J. Perna, Senior Executive Vice President, Financial Companies Services Sector of The Bank of New York (NYSE: BNY); Ronald Purpora, Chief Executive Officer, Garban LLC; Douglas Shulman, President, Regulatory Services and Operations, NASD; and Thompson M. Swayne, Executive Vice President, JPMorgan Chase (NYSE: JPM).
Gayle Essary is CEO of Investrend Communications, Inc., and serves its Investrend Information unit as Publisher of FinancialWire. He has been a practicing journalist since 1958, is a member of the Online News Association and has been a member of both the Texas and National Press Association.
posted
StockGate: Note To Depository Trust & Clearing Corp.: This Is What An ‘Opinion’ Looks Like / FinancialWire®
April 18, 2005 (FinancialWire) Personal Privilege By Gayle Essary / We at Investrend were recently as stunned and disturbed as anyone else when the powerful and reclusive Depository Trust & Clearing Corp. became a prime suspect in the sudden and inexplicable “indefinite postponement” by General Electric’s (NYSE: GE) “Dateline NBC” of what was expected to have been a shocking expose of the DTCC’s purported role now and over the years in the counterfeiting of electronic certificates supporting illegal naked short sales.
After all, the DTCC is presided over by such otherwise seemingly responsible and luminous institutions as the NASD and the NYSE, its two “preferred” shareholders, along with Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), and John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER).
Surely none of these would be party to shenanigans that lead to the censorship or disabling of any media. But wait, you say, there is no proof. Maybe, not yet, but we don’t have to wait for proof that the DTCC engages in such un-American activities as press censorship.
The DTCC, an agent of SROs that gives it quasi-government status, has admitted outright that it has engaged in communications that are not only tortuous interference but that more to the point, seem to have put it in the glaring headlights of the First Amendment to the Constitution of the United States of America, that protects media from interference by any government institution:
“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.”
In the letter, attorney Charles S. Sims, in classic Orwellian double-speak, actually references the First Amendment as giving his clients the right to interfere with another’s First Amendment rights. Which, of course, is how we wind up here further exercising our opinion about his opinion about our opinion of the First Amendment, ad infinitus, we guess. The only difference is that neither this opinion nor our regular news are now distributed to the readers of Investors Business Daily or to finance news users at Yahoo (NASDAQ: YHOO), because the DTCC didn’t just express its opinion. Its communications were designed to squelch our rights to publish, and resulted in Investors Business Daily immediately taking down our news feed.
What was the “First Amendment opinion” stated by the DTCC that cause this harm not only to our business but also to our rights of free expression? It was that FinancialWire is “not a bona fide news” provider.
We beg to differ, of course. No, we are adamant in our differing. If our news articles leaned against counterfeiting of shares and naked short sales that’s because we have been working under the illusion that both are actually illegal. We have to say, however, that the recent postings by bureaucratic staff members on the SEC.gov site that says “not all naked short selling” is illegal and further, that those who did engage in illegal naked short sales before the beginning of 2005 have been granted a kind of stock market manipulation “amnesty” by a “grandfathering” that to our knowledge was neither asked for nor approved by the Congress or the President was another shocker that by now has just been layered on to a cacophony of shockers. However, in the end that is something our readers will and can sort out and judge. Our readerships continue to grow rather phenomenally, even after the loss of these two outlets, so if you accept this readership growth as the measure, the “opinion” of the DTCC is dead wrong.
Whatever the case, the bottom line is that the readers at Investors.com and Yahoo! Finance no longer get to make that choice. The DTCC has made that choice for them.
If you’re a user of one of those services and that’s okay with you, we have no concerns. If it’s not okay with you, you can express your own opinion of this press censorship and interference to other media, to the two outlets, to the DTCC, to the two “preferred shareholders,” to any of the 21 DTCC board members, or in whatever means suits you. Why did we call this un-American? First and foremost, you can contrast the variety of news you receive in America due to our Constitutional protections to those the public is allowed to receive in say, China, or say, Syria, or say, Myanamar, or say, Russia, or any authoritarian government. The press is your proxy. You do not have the time to ask questions or to dispute the statements of governments, institutions, or bureaucracies, so it is the role of the media to do that for you.
When an institution such as the DTCC takes it upon itself to decide for you what is news and what is not, simply because it does not like what it is reading, or it is asking too many questions or raising disturbing issues, we have a difficult time not seeing parallels.
Perhaps you were not yet an adult or fully aware of the press restrictions in oppressive regimes such as the Nazis or the Communists, but you most certainly were aware only four years ago that Russian President Vladimir Putin unilaterally shut down NTV, the only non-state-owned television channel in Moscow and replaced it with state-employed reporters and producers. You have surely seen the results of this in the scant Russian coverages of the Moscow theatre and school hostage situations, not to mention the Yukos debacle.
Maybe this comparison of the DTCC and Putin is more graphic to us because we were actually in Moscow when NTV was being shut down. This writer was on other business but accompanying the partner of Ted Turner, who was seeking to acquire NTV. Turner and our mutual business colleague met with Putin and in classic Turnerese, lectured the Russian president on the importance of a free press in his desires for a free market economy.
Putin would have nothing to do with Turner’s arguments, but did keep up the charade of allowing potential acquisition meetings to occur throughout the week this writer was present. Meanwhile the owner of NTV had already fled the country, and his second-in-command was under house arrest. We had the privilege of having an outing one evening with a dozen or so of the brave NTV editors, writers and producers, along with our business colleague, and they were already living in fear. They had their own armed guards stationed at all of the exits, to attempt to repel any sudden Putin-directed forces.
This writer shared an automobile back to the Metropole Hotel, whose balcony Lenin used to direct his revolution, and we were a little uneasy at various checkpoints since the hotel already had us mistakenly involved in the acquisition, and the Metropole was famously known to have been bugged. When our colleague was out, the hotel had called our room to ask us to retrieve a fax to him from Ted Turner, so if there was a sweep, we knew we were going to be in it.
Having escaped all this intact, it never occurred to us that Putin would be waiting for us back on American shores.
So, now that we have begun here to actually express “opinions not news,” which is an equally responsible role for the media, we’re going to move right on to three opinions:
1. The Depository Trust and Clearing Corp. has become too large, too encompassing, too powerful, too unresponsive to those it serves, primarily the investing public, too unresponsive to the Congress under whose auspices it should be operating, and most of all, too arrogant.
2. First, it is time to unconflict it, with real public representations on its board.
Second, it is time to break it up, with its various duties provided by smaller agencies under separate unconflicted boards.
2. General Electric, the world’s second largest corporation, is beginning to show that it can not be both a multinational comglomerate and a faithful media steward.
First, it is time for General Electric to think about divesting NBC to a group whose sole business is to manage a free, untethered press and media establishment.
Second, if it will not do that, then it should put its news operations in the hands of an independent, journalistic board that is not answerable to the conglomerate. This is not a bad idea for CBS, ABC and FOX as well.
3. The SEC should take its unilateral decision about legal illegal naked short sales and its amnesty program to Congress and get its authority, or at the least, vote up or down at the Commission before letting its staff double-speak away law-breaking and law breakers.
So, now, DTCC, you have three examples of “opinion” to point to. Why that disqualifies us from First Amendment protection or protection from your bullying, tortuous interferences, however, is beyond us.
Now, before ending this opinion piece, let’s enumerate your bosses, since we have not yet heard from them as to whether they support your Un-American tactics:
The DTCC’s two preferred shareholders are the New York Stock Exchange and the NASD, a regulatory agency that also owns the Nasdaq and until recently, the American Stock Exchange. Other DTCC board members include Michael C. Bodson, Managing Director, Morgan Stanley (NYSE: MWD); Gary Bullock, Global Head of Logistics, Infrastructure, UBS Investment Bank (NYSE: UBS); Stephen P. Casper, Managing Director and Chief Operating Officer, Fischer Francis Trees & Watts, Inc.; Jill M. Considine,Chairman, President & Chief Executive Officer, The Depository Trust & Clearing Corporation (DTCC);
Also, Paul F. Costello, President, Business Services Group, Wachovia Securities (NYSE: WB); John W. Cummings, Senior Vice President & Head of Global Technology & Services, Merrill Lynch & Co. (NYSE: MER); Donald F. Donahue, Chief Operating Officer, The Depository Trust & Clearing Corporation (DTCC); Norman Eaker, General Partner, Edward Jones; George Hrabovsky, President, Alliance Global Investors Service; Catherine R. Kinney, President and Co-Chief Operating Officer, New York Stock Exchange; Thomas J. McCrossan, Executive Vice President, State Street Corporation (NYSE: STT); Bradley Abelow, Managing Director, Goldman Sachs (NYSE: GS); Jonathan E. Beyman, Chief Information Officer, Lehman Brothers (NYSE: LEH); and Frank J. Bisignano, Chief Administrative Officer and Senior Executive Vice President, Citigroup / Solomon Smith Barney's Corporate Investment Bank (NYSE: C), Eileen K. Murray, Managing Director, Credit Suisse First Boston (NYSE: CSR); James P. Palermo, Vice Chairman, Mellon Financial Corporation (NYSE: MEL); Thomas J. Perna, Senior Executive Vice President, Financial Companies Services Sector of The Bank of New York (NYSE: BNY); Ronald Purpora, Chief Executive Officer, Garban LLC; Douglas Shulman, President, Regulatory Services and Operations, NASD; and Thompson M. Swayne, Executive Vice President, JPMorgan Chase (NYSE: JPM).
Gayle Essary is CEO of Investrend Communications, Inc., and serves its Investrend Information unit as Publisher of FinancialWire. He has been a practicing journalist since 1958, is a member of the Online News Association and has been a member of both the Texas and National Press Association.
posted
legel..nobody in here does not agree thaat n/s is a major problem and i thank you for keeping us up to date on developments but untill 1 of those articles says cmkx is n/s shorted 703 billion shares it ain't gonna help.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
well i guess the #1 defence of UC's is out the window today. first its we never keep book so we can't file. then its you can't take us to court because we found the wrong doing not you & we have till the 17th to file. well its the 18th & well after close thus filing would have happened. they were able to figure out the o/s but that would be easy, just look at UC's checkbook & divide by .0002. someone brought up the IRS, wanna bet cmkx, UC, roger glenn & probably a few others are getting audit notices about now? unless of course thats what roger was hired for, get everyone safe from the IRS. he sure didn't do anything for the shareholders.
-------------------- "keep your stick on the ice & your cup firmly in place"
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quote:Originally posted by legaleagle: Satisfied shareholders: 1004
Wallace and merry men: 6 or 7
Legal that should read "Riped Off Shareholders" I cannot imagine anyone being satisfied about this stock unless they are under the influence of the kool-aid
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by bill1352: legel..nobody in here does not agree thaat n/s is a major problem and i thank you for keeping us up to date on developments but untill 1 of those articles says cmkx is n/s shorted 703 billion shares it ain't gonna help.
Bill don't hold your breath you will NEVER see CMKX in any of those articles. They just do not include scams
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by legaleagle: Satisfied shareholders: 1004
Wallace and merry men: 6 or 7
Legal that should read "Riped Off Shareholders" I cannot imagine anyone being satisfied about this stock unless they are under the influence of the kool-aid
Who the hell would be satisfied with a pps of .00006
Leagle/noah/jb lay off the ca-ca juice.
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posted
if they are satisfied with how cmkx is doing & the info the company is proving why are they paying $25 to get info on the company's problems?? first time i've ever heard of buying company info.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
And in that article can you please point out were it mentions CMKX? Because I don't see it. Yes NSS exists but were is the proof its exists here. The only proof I see is a 703 billion o/s. And seeing how the A/S was 200 billion on 3/1/2004 thats means this stock was diluted at least 503 billion shares in one year. Thats 2 billion shares a day to the market. Figure half to float and half to UC thats 1 billion shares to market a day. Then double that for the double effect on volume in the penny market would be around 2 billion a day. Now where was there room for NSS????? And the excuse for the huge 2 day volume after suspension. How about the 97 billion shares UC needed to unload on the koolaid drinkers. Oh well you can still dream can't you. Someone was shorted so we must be. UC would never hurt us stockholders because he cares so much. MAybe he will buy us all new homes too.
legaleagle Member
Rate Member posted April 18, 2005 18:18 -------------------------------------------------------------------------------- StockGate: Note To Depository Trust & Clearing Corp.: This Is What An ‘Opinion’ Looks Like / FinancialWire®
-------------------- Invest with your brain not with your heart.
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posted
Seems to be a lot of first with this stock like 779billion o/s, selling a stock on the side of a funny car, and hiring to so called best lawyers so you can blame your problems on him.
quote:Originally posted by bill1352: if they are satisfied with how cmkx is doing & the info the company is proving why are they paying $25 to get info on the company's problems?? first time i've ever heard of buying company info.
-------------------- Invest with your brain not with your heart.
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posted
I contacted my Senator several weeks ago and got a letter back from him just today.Although his reply was actually some what long and in depth,I will share with you the last paragragh of his response.
" I appreciate your making me aware of your concerns and I want you to know that I will contoninue to monitor this situation closly.As legislation regarding financial practices, specifically the short selling of stocks, reaches the floor of the United States Senate, I will be sure to keep your concerns in mind."
I contacted my Congressman also,but his response was somewhat in left field.His reply was basicly, don't worry Social Security will be there.LOL
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posted
drgnfly, all shareholders are upset that the company has not released enough information. Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely.
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quote:Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely.
That's not really fair Legal. I don't consider myself an immature investor by asking the company to be forthcoming with at minimum, basic information. Any investor would want that out of any investment. It's every shareholders right to know basic information about the company, even on the pinks.
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posted
drgnfly, all shareholders are upset that the company has not released enough information. Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely
legel you can't come up with the most off the wall crap i've ever seen...rotflmao..DAMAGE THE COMPANY??????????!!!!!!!!!!!!..my sides hurt. seriously how in the F do you hurt a company with a 703 billion o/s, under investigation by the SEC, a list of behind the door deals to long to start on. a company that pays 1 lawyer what had to be a very large amount for what? so he would go look at a drill running?? news hurt cmkx??? or is it the news might include some truth & that truth will hurt your reality??? or lack there off??
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
highway, if thats true & he did read it there are a bunch more in washington that need his help. most letters get taken care of by interns, unless of course your on the big donation list.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
LOL,I know.Also know there is a bunch of chit named after the man around here.I see him speaking on CSPAN alot too.If everyone that played pennys wrote,maybe my voice would be louder.Hey, naked shorting money has purportedly been going into terrorists pockets.It's worth writing about IMO.
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posted
legal wrote: "Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely." *************************
Was going to respond but you guys capped it off first. You, legal, really consider yourself a mature shareholder with about 1 year of experience? And just what does YOUR maturity or your inside information tell you those reasons are? Specifics!!! And stealing a quote from PG, don't flick any of your wet boogers at us.
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posted
legal wrote: "Mature shareholders realize that there are reasons for not releasing the information. I would love to see it all come out tonight, but not if it will damage the company by releasing it prematurely."
What tell us prematurely that CMKX is a "scam" we already know that, so what else is there to know? I once told you to move back from Urban's behind the air is fresher and the world won't look cracked
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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posted
Legal what is the brown stuff on the tip of your nose?
CMKX is a scam and you know it, give up the kool aid and get back to reality, that is if you know where reality is. For sure its not believing in CMKX a dead scam company.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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We know governments act swiftly to reports of counterfeit currency, and punish harshly those convicted of this crime. One of the main reasons is because the counterfeit currency dilutes the value of the genuine currency. Simply put- more pieces of the pie make each piece worth less. This practice makes all currency - genuine and counterfeit less valuable. The other main reason counterfeiting is so harmful is because the counterfeit currency was not issued by the government and so is not backed by the government. The government does not guarantee the value of currency it does not issue. In today's society, we have other instruments of value that are exchanged in huge quantities every day. These instruments are known as stock - also known as 'shares' these shares are used to transfer the value of a portion of a public company from one person to another. The value of these shares fluctuate as the value of the company issuing the shares fluctuates. Companies decide how many shares to issue to the public in order to raise funds to start or expand their business operations. Like a government issuing currency, wise companies issue only enough shares to meet their needs. For the most part companies try not to issue too much stock because they know if too much stock is issued, the value of the stock will decline due to dilution. This falling value will make it necessary for the company to issue more shares than they originally intended because each share sold will generate less money for the company. Wise companies diligently manage their number of outstanding shares (o/s) as to maximize the value of each share. If counterfeit shares were to be sold by a third party, this would have the same negative effects on the value of that stock as counterfeit currency has on genuine currency. The counterfeit stock - stock not issued by the company- would dilute the value of the genuine stock that the company did issue and would also not carry the underlying value that the genuine stock carries. Counterfeit stock is truly worthless, just as counterfeit currency is worthless. Counterfeit stock does irreparable harm to the company and also to the shareholders of genuine stock. It would seem logical then that counterfeiting stock would be a highly illegal practice and as such would be a high priority for the governing bodies to seek out and eradicate to protect the shareholders of public companies. Would you believe me if I told you that not only do the governing bodies not pursue share counterfeiters, that they themselves are the ones doing the counterfeiting? Let me introduce you to a market strategy known as 'short selling'. If a person thinks the shares of a particular company will decline soon, they can 'short sell' that stock. This means they sell that stock to someone else at current prices, hoping the price will decline and they can later purchase that stock to fulfill their obligation to the new buyer. In other words, they sell something they dont own! In the meantime the new buyer has this stock in their account. How is this possible? The short seller 'borrows' the stock from the depository trust clearing corporation -DTCC- and the borrowed stock is placed in the buyer's account. In other words the DTCC takes a legitimate share from the company and 'clones' or counterfeits that share to give to the new buyer. This of course causes there to be more stock in existence than the company intended. This makes it impossible for a company to wisely manage their outstanding share count because they have no knowledge of the newly issued stock. This practice has the same effect on a stock as counterfeit currency has on real currency. If a person wanted to make a stock price to decline in order to make his 'short sell' profitable, all he would have to do is short enough of that stock to cause harmful dilution. this causes the price to decline and the short seller to profit. Short selling becomes a self- fulfilling prophecy if he short sells enough stock! In an ideal market- stock prices of a company rise and fall based on supply and demand. If more people want to buy a stock than sell it, the prices go up to induce holders to sell at a profit to new buyers wanting the stock. If more people want to sell a stock than buy it, the sellers must lower their asking price to induce buyers to purchase the stock. This system works well when the supply of a stock is limited to what the company actually issues to the public. Short selling corrupts this market because a third party is effectively issuing stock in a company which they are not authorized to do - artificially creating an oversupply which negates the effect of buying pressure. In other words, an artificial supply prevents prices from rising when the demand for a stock should cause the price to rise. When a third party steps into a two - party transaction with counterfeit stock for sale, it corrupts the entire premise of a supply/demand market. Short selling causes dilution of a stock because persons or entities are selling stock which they falsely created without the knowledge or permission of the company that the stock is supposedly representing. These 'short' shares were not issued by the company and do not carry the backing of the company. They are just as counterfeit as currency printed in someone's basement. This practice is even more damaging than currency counterfeiting because it is sanctioned, condoned, and carried out by the very regulatory bodies that are supposed to be protecting the shareholders from such unethical tactics. If the police are committing the crime, what are we supposed to do?
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posted
CMKX stole my money and gave me useless shares, yes I still have them. Hey legal I will make you a deal, if you say that CMKX is worth so much why not buy my shares at $1.25 each. If you are such a believer you know that this is a deal. Show me your money and not your unrealistic claims.
Come on buy my shares at $1.25 each
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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