posted
Ed, seems to me, as much as I hate it, the right laywer can make a world wind of difference.If the naked short shares don't fit,you must acquit.LOL!
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posted
legal wrote: "Wallace wouldn't you like to know who holds nearly 3 billion common VOTING shares?"
Not really, legal, who holds such a tiny amount compared to the almost 800 billion O/S is of no interest to me.
And by the way, that bit you posted about the "PRE-MERGER SYNDICATE" says absolutely nothing about a Pfd. Stock, and, with all the games UC has played since that time, it has little application to CMKX today anyway. Maybe it was your way to somehow excuse UC for stupidity and secrecy in not providing shareholders with deserved information. That post said nothing. Is there or is there not a Pfd Stock that controls voting over Common Stock? Was it voted upon by Common Stockholders at the time it was an amendment to CMKX's Articles of Incorporation? I want proof, not reposts diverting the topic to your excuses for secrecy.
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quote:Originally posted by Highwaychild: Ed, seems to me, as much as I hate it, the right laywer can make a world wind of difference.If the naked short shares don't fit,you must acquit.LOL!
posted
The naked short issue won't be addressed in this hearing though. It's strictly to determine if CMKX violated the rules by not filing while they were required to. That's it, nothing more or less. They're guilty, period. It's a matter of if the judge will allow the shareholders voice to be heard to sway her decision.
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quote:Originally posted by Wallace#1: legal wrote: "Wallace wouldn't you like to know who holds nearly 3 billion common VOTING shares?"
Not really, legal, who holds such a tiny amount compared to the almost 800 billion O/S is of no interest to me.
And by the way, that bit you posted about the "PRE-MERGER SYNDICATE" says absolutely nothing about a Pfd. Stock, and, with all the games UC has played since that time, it has little application to CMKX today anyway. Maybe it was your way to somehow excuse UC for stupidity and secrecy in not providing shareholders with deserved information. That post said nothing. Is there or is there not a Pfd Stock that controls voting over Common Stock? Was it voted upon by Common Stockholders at the time it was an amendment to CMKX's Articles of Incorporation? I want proof, not reposts diverting the topic to your excuses for secrecy.
Well I capitalized it last time, let me post in Bold Caps this time:
the sum of not less than 2,800,000,000 of its common VOTING shares in certificate form
posted
Here is what CMKX has got to look forward to real soon:
IT IS FURTHER ORDERED that, pursuant to 12(j) of the Securities Exchange Act of 1934, the registration of each class of the securities of United States Crude International, Inc., is hereby revoked.
-------------------- Invest with your brain not with your heart.
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posted
legal, you wrote: "Well I capitalized it last time, let me post in Bold Caps this time:
the sum of not less than 2,800,000,000 of its common VOTING shares in certificate form
My certs just say "COMMON STOCK" " **********************************
Man, that was way back in Nov., 2000. What makes you think you have the same rights as Common stockholders had back then? How do you think UC increased the authorized to 800 billion?
If he didn't file with the SEC as to holding at least 10%, he didn't file as to holding 51% which is much, much more stupid....and a better reason for the judge to nail him.
I am convinced he has Pfd Stk that you know nothing about with a Voting Arrangement clause of some kind. If he didn't know he had to file with the SEC, do you think he would be bright enough to know he should have gone to a shareholder vote if he didn't control the Common vote? Frankly, I think he said, "To hell with Common shareholders, I can sneak it by them."
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posted
legal, here are some other parts of that "Syndicate" agmt you might have missed:
"2. REGISTRATION. a. Mandatory Registration. The Company shall prepare and file with the SEC a Registration Statement covering the resale of all of the Registrable Securities within 30 days of completing its first post-merger audited financial statement. The Company shall cause such Registration Statement to be declared effective by the SEC on a best efforts basis and in connection therewith act with diligence at all times.
3. RELATED OBLIGATIONS. d. The Company shall use its best efforts to prevent the issuance of any stop order or other suspension of effectiveness of a Registration Statement, or the suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction within the United States of America and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment and to notify the Sellers of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding for such purpose."
You think UC was truthful when he said he didn't know about SEC filings? Read item 2.
Item 3 may be another reason he's fighting the SEC.
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posted
Doesn't matter how they get there the end result will be the same. They still didn't even try to file one financial on time. There is no way they can claim they are trying to meet there requirements. And the lie was a lie on the form 15. So it doesn't matter if they show or not the same words will be at the bottom of the Judges ruling.
-------------------- Invest with your brain not with your heart.
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posted
Something else that's been bugging me. I've read where some are saying the float can't be more than 166 billion because they are classified as a "small business issuer". My opinion is that yes, they were a small business issuer upon initial registration and maintained that status right up until they ceased filing. Wouldn't they continue to be so until new filings come to light that disproves that?
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posted
They lied to SEC to begin with. They gagged the TA They refuse to file after getting caught.
Now why does it matter to UC how big the float is and wether they are classified as a small business issuer. I would guess if what you say is true it may be why he took the 5th. Jail time soon????
-------------------- Invest with your brain not with your heart.
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posted
What I'm saying is that they're populating another rumor by saying they're a small business when they really aren't. They were, until the massive dilution under Urbans watch happened, but until the public float comes to light through filings, they can maintain the small business status. In a nutshell, they're relying on another lie to promote the stock.
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posted
Legal: I am about to make a trip to the crapper, do you suppose that you could supply me with some reading material. A sure cure for constipation
I think that I am going to give all my patients who suffer from constipation a paper share of CMKX, have them stare at it while sitting on the bowl and it will bring a swift end to their problem. I could make a bundle $$$ on the cure.
CMKX reminds me of a toilet bowl, flush and its going, going, gone.
-------------------- 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
LOL.........this is like the cocktail lounge.....LOL........and Bill, Ric, Wallace, and Doctoll are the bartender's servin' um up.........LOL....
-------------------- "IT'S NOT LUCK IT'S DAYTRADIN'"
"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"
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quote:Originally posted by Upside: Legal, I went back and read the old filing you posted earlier. Why do you suppose they decided to drill on the Smeaton site?
You call for a guess since that was never PR'd. However an educated guess would be that it was considered the most likely of the five targets they isolated from airborne survey. A second guess would be that proximity to the proven Star and Debeers/Kensington claims would be another. And maybe the fact that Rick Williams was paying them $900,000.00 helped to sway their decision to one of Williams claims. But all guesses
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quote:Originally posted by Wallace#1: legal, you wrote: "Well I capitalized it last time, let me post in Bold Caps this time:
the sum of not less than 2,800,000,000 of its common VOTING shares in certificate form
My certs just say "COMMON STOCK" " **********************************
Man, that was way back in Nov., 2000. What makes you think you have the same rights as Common stockholders had back then? How do you think UC increased the authorized to 800 billion?
If he didn't file with the SEC as to holding at least 10%, he didn't file as to holding 51% which is much, much more stupid....and a better reason for the judge to nail him.
I am convinced he has Pfd Stk that you know nothing about with a Voting Arrangement clause of some kind. If he didn't know he had to file with the SEC, do you think he would be bright enough to know he should have gone to a shareholder vote if he didn't control the Common vote? Frankly, I think he said, "To hell with Common shareholders, I can sneak it by them."
Let me try again Wallace. I know it's late, but read carefully what I have posted. There are two classes of stock. Common VOTING stock that went into the hands of the Seller of the claims in the Pre Merger Syndicate. And secondly Common Stock, which we own. One is a "voting class", the rest are not.
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posted
I guess I made an assumption then because the report talks about the Smeaton claims (which I assumed to be the Carolyn pipe) in a not so positive light. I believe it had been drilled 5 times prior with next to nothing being recovered. I was wondering why they'd go back there.
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posted
legel..2 class's of common stock, 1 voting & 1 not???? is that supposed to be differant from voting prefered with each share having say the same votes as 1 billion common shares?. roger glen had 1 purpose, cover UC's butt for a SEC investigation, i'm sure its covered. i do have 1 question for whoever would like to find an answer as i cant, when the judge says your done can UC still sell on pinks? i was figuring no but in re-reading his defence it seems as if he thinks he can. somebody had to tell him it would be ok or he wouldn't have said that. if true this hearing is meanless. UC isn't going to give out 1 more piece of info on this POS, not share structure, money info, claim info or results. the judge might bar him from serving as any part of the company & mahoo then takes over but the saga continues.
-------------------- "keep your stick on the ice & your cup firmly in place"
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Gender: Posts: 911 Hi everyone, Just food for thought while we wait! « Thread started on: Today at 12:18am »
-------------------------------------------------------------------------------- Hi Everyone.
It has been a while since I last posted and just wanted to stop in and say I am still with you. I hope everyone is doing well.
It is good to see that the incredible rumors have finally started dying out and we as shareholders of CMKX can begin to focus on where we are, what is going on, and what are the probable outcomes of the upcoming hearing.
None of us has all of the answers or even all of the possibilities, but we do have enough information to give us a good idea of where this could all lead us. Let me start off gently,
1. I believe the SEC should back off, repent of their misdeeds in calling for the Revocation of CMKM Diamonds registration, personally order the DTC to reveal the transaction records for the last 3 years on CMKM Diamonds and bring an administrative hearing against the DTC, NSCC, NASD, etc… I believe these should lose their SRO status and come under direct congressional powers of appointed supervision with complete Modified Sarbanes Oxley Requirements along with new excessive disclosure of trading activities, practices, and SHO/Threshhold Security positions and resolutions for each and every company that has been and/or are still being defrauded by governmental permission of illegal counterfeiting of a company’s securities by the aforementioned entities. I think you get my drift!
2. I believe the SEC needs to be subjected to an extensive Congressional Investigation with public meetings and full disclosure of their regulatory activities concerning the DTCC, NSCC, NASD, etc… As it stands now it appears that they are guilty of at least securities fraud, conspiracy to commit fraud by interstate commerce; dereliction of duty; racketeering; terrorism; counterfeiting; etc… Everything they have permitted to exist, allowed to continue, and even taken steps to protect the perpetrators of, they are guilty of! IMHO! Too, I believe within the statutes of the U.S. constitution and the laws of this great land the SEC exists to protect the investors/current or future first and foremost instead of the market manipulators, off shore hedge funds, and the Wall Street Bad Boys.
Insert musical interlude : Bad Boys Bad Boys what you gonna do; what you gonna do when they come for you? Answer IMHO is that the “Bad Boys are going down”.
3. Personally I believe the move by the shareholders are going to do more into shaking off the naked short position by their continued pulling together and resilience to not go silently into the night than anything we have seen happen thus far. We have already seen over 300 billion certificates pulled and more happening every day. Eventually I believe we will be able, with the assistance of the company to prove, by the preponderance of evidence that a naked short position does exists and that the SRO’s have been guilty of counterfeiting CMKX shares electronically to the tune possibly in the trillions. And that is no joke! Trillions! I have never seen shareholders pull together like this. I have heard others say, Dr.D you weren’t around when such and such stock was being traded, but I don’t care what stock you look at, CMKX shareholders are over and above any group of shareholders I have ever seen in their DD, their interest, their investigative tenacity, their undying strength to hold on, and their desire to stand with one another and the company through thick and thin. I know there are some out there that have bailed and there are others that may bail tomorrow, but overall the shareholder base of CMKM Diamonds is a winner and takes the Blue Ribbon, in my book.
4. Some are scared about the hearing that is coming up and I can understand that. We have the SEC that is not looking to “remedy” the situation within the company and see that it complies with the SEC standards of regulation, but rather they are looking and have apparently one goal in mind and that is “revocation” of the registration. Thank God for Judge Murray and the stance she has taken at this point. She appears to be giving us an extremely fair shake/estimation concerning the shareholder group entrance and the company’s position. She has already ruled that the Enforcement Division of the SEC could not get a Pre hearing “revocation” which is what all of the stir was that the SEC brought out early on. Round 1 – went to CMKX.
5. I believe the stance of the company is unchanged: First of all we all have to admit CMKX has fault in that (1) They were late on their quarterly and end of year filings for 2002 and at least 1st quarter 2003 and never filed them (2) They misfiled on the Form 15 in July 2003 as they never actually qualified for it. This unfortunate mistake of stating the wrong number of shareholders has never been explained as to how that happened. My guess, is that the information should have came through the T/A, but even the T/A would have counted the “street name” broker/dealers and all of their clients as one shareholder or possibly one shareholder under CEDE. This could have caused a problem as many street name shareholders began to pull certificates and were therefore counted individually instead of only one with all of the other “street name” client shareholders. Whatever the explanation, we still do not know the reason
On the other hand (1) The company does claim that it was the SEC that should have reviewed the info and found the errors on the Form 15 and since they didn’t the company cannot be held accountable due to the SEC’s inability to operate properly (aka Latches). (2) The company blew the whistle on itself when it found the error and immediately conversed with the SEC and took actions in accordance with the prescribed rules of the SEC Act. (3) For that they were penalized by a suspension and now an administrative hearing all within a 30 day time period of the filing of the Form 15A which revoked our previously filed Form 15.
The SEC has done all of this in accordance with the SEC Act and existing rules of operation as they interpret them. Personally, I believe Judge Murray to be a woman/Judge of great character and integrity and one that will not easily be swayed by the disillusionments of the SEC and more than likely has already seen through the SEC’s facade.
The SEC rules gave CMKM Diamonds 60 days after the revocation to supply the necessary information to comply with the filings they were now obligated to present and the SEC with no warnings whatsoever suspends CMKM Diamonds for 10 days. My guess is something had to give before CMKM Diamonds would have shown up on the Threshhold Security List. Then after the 10 day suspension is automatically lifted CMKM Diamonds is now off the Pinks sheets and not readily able to qualify for the Threshhold Security List. Why? Coincidence? I doubt it. The SEC has wanted a total revocation from day one, even before the “ruled 60 day time period had expired”. What is up with these guys? Of Course, the suspension was almost immediately followed by an upcoming Administrative Hearing which we all have seen and heard about lately.
WHAT DO I BELIEVE THE JUDGE IS LOOKING TO SEE FROM CMKX? I believe the Judge wants to see that CMKX is still moving to become fully compliant; have hired additional professionals to assist in achieving these goals (filings/reports/etc…); have progressively moved ahead in their goals; have a set or expected time period of completion; the management team to pull it off; and the financials to support it; an ongoing operational business; assets with value; and revenue.
I believe if the company meets the above, we will be successful in the hearing and CMKX will be granted the time needed to successfully complete the filings and we can continue developing the company’s assets etc…
If the company is unsuccessful in the above mentioned before the judge, then a suspension or at worse a revocation could occur. In either case the company could file an appeal which takes I believe 60 to 90 days, which hopefully by that time they would have completed the necessary filings and would be able to submit and/or file them complete bringing the company up to a fully compliant state.
Once again, I believe Judge Murray can see the support of the shareholders, the effort of the company to comply, and their willingness to continue to put forth the money and effort to comply, and knowing that an appeal is always an option, and “NO JUDGE” that is worth their salt, and Judge Murray is, wants to have a decision overturned in an appeal.
If for some unseen reason an appeal is ineffective then the option falls to moving the assets to another company and bringing all of the shareholders over or going private, etc… There are many options available and each turn of the page in each CMKM Diamonds chapter brings with it more possibilities and probabilities and I will barely mention what could happen if all of that digging in Saskatchewan happened to have one or two of them come to the surface during these hearings. MEOW!
I’ve been to long, but I appreciate each and every one of you and I still think that the CMKX shareholders is one of the most valuable assets CMKM Diamonds could ever hope to possess. These are just my humble opinions and I ask that you treat them as such. Please do your own research and make your own decisions. Thanks for reading.
posted
I believe, I believe, I believe. Okay, Doctor or whoever you are. I DONT BELIEVE ANYTHING THAT DOESNT COME FROM MY BANK ACCOUNT STATEMENT !!!!! Legal, you keep posting and reposting pretentious bull**** that is somebody's opinion. Opinions are like *******s, everybody's got one, some skankier than others.
Let me say this with a word of finality: When CMKX files...when the PPS begins to move...when money starts to show up in my account... THEN I WILL BELIEVE.
All the arguing and posting of three year old PRs, and opinions of people who I dont know from Adam just dont get the job done.
Until that time, its all crap...... IMO
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posted
And you should read before you post such garbage. None of these have anything to do with CMKX's case. Now if CMKX gets all there filings in then the SEC still revokes then they may have some relationship to these. But unless there is a miricle that won't happen. You have to have grounds worth appealing to even get heard for a appeal. And refusing to file after knowing you have to is no grounds.
-------------------- Invest with your brain not with your heart.
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posted
By: enzyme1 19 Apr 2005, 07:57 AM EDT Msg. 197493 of 199644 Jump to msg. # One long's opinion. Judge: Why have you failed to file? UC: Your honor I would love to file but to do so would be unfair to my shareholders. Judge: How would it be unfair, seems to me all your shareholders would be thrilled. UC: Your honor, last year we declared multiple dividends to our shareholders in appreciation of their loyal support but those dividends caused a problem and because of them we dare not file. Judge: What kind of problems did the dividends cause? UC: On advice of our prior counsel we allowed the DTC to determine the dividend ratio. We gave them the number of shares we would be rewarding our loyal shareholders with and they distributed them according to their numbers. ( All but the 2nd GEMM dividend that is, that remains in limbo) Judge: So what is the problem and why does the 2nd GEMM dividend ratio remain in limbo? UC: Judge here's the problem in a nutshell: The DTC determined that our shareholders should get only a fraction of what we thought they should get and as a result the shares for the 2nd GEMM dividend are not enough to make up for those missing from the first dividend. If we file our shareholders get shafted. Judge: How can this be? UC: Judge, perhaps the SEC can explain it. Take for example the numbers Attorney Fizzel has submitted to you. He is claiming to have signed affadavits from only a few of our shareholders and they are claiming to own many more shares than our records show exist. What are we to do your honor? Attorney Fizzell: What say you? Your honor I have 1523 affadavits signed by folks claiming ownership of xxx.xxx.xxx shares. Mr Casavant is saying this is impossible but I have the affadavits. Judge: What is your explanation for this SEC? SEC: Your honor the DTC has recently discovered a little glitch in its "stock borrow" program that might account for this problem. We are working together with the DTC to solve this problem and are confident we will get it worked out in the next few months but that still does not exempt CMKX from filing which they admit they did not do. Your honor we humbly ask that you revoke their symbol. Judge: Sorry SEC but I rule in favor of the CMKX shareholders and hereby order that a forced buyin begin tomorrow and continue until all shares being offered for sale are real shares backed by certificates. I want all the counterfeit shares sold over the past 3 years repurchased regardless of the price you have to pay for them and I want it done within the next 30 days. Once this has been completed then I expect CMKX to do their filings. Case dismissed!
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quote:Originally posted by legaleagle: Street Shares: 111,654,765,755 Cert Shares: 13,218,282,522 Total Shares: 124,873,048,277 Signed Agreements: 1473
1473 Kool Aid drinkers all in a row with useless CMKX shares in their hands, what a pityful sight all that grief
-------------------- 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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