posted
For those that didn't get to read the Business Week article March 21th called "Wall Street's Dirty Rotten Little Scoundrels" The SEC has a new plan to turn up the heat on small-time Wall Street fraudsters.
I thought since Legal liked to bring up old news that this was a keeper for the truth side of things. Good reading, lol.
posted
legal reposted: " talked to TRANSFER AGENT. She didn't have time to RUN the reports but said PROXIES WOULD not need to be sent out if there is anything to vote on as the company owns greater than 51%." *************************** What she didn't bother to ask was, "Is that Common stock?" Is that Pfd Stock? Is it Common A or Common B Stock? They just happen to be rather important questions.
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posted
legal, suggest you find out if that is the same stock you own or if it is a different controlling stock. If it's a different stock, you might be in for a big surprise.
Yeah only.... "THAT MEANS 177,276,129,137 SHARES LEFT TO PROVE THE NAKED SHORT.
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quote:Still riding the fence, UP? LOL When will you revert back to being a cult member?
I kind of knew you were going to say that but I decided to post it anyway. No, it's not riding the fence, I'm just saying that people have many different reasons to buy a stock and in an open debate there's nothing wrong with voicing those reasons. Again, if it gets to the point of a saint vs. sinner argument, then I agree with you, it's gone too far.
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This is copied from the article mentioned by Ric in his post above:
quote:THE AL CAPONE TACK Just as G-men ultimately nailed the notorious mobster on tax-evasion charges, the SEC is policing easily provable violations such as failing to register stock issues properly. Once it spots ongoing or potential fraud, the agency often halts trading. In the past, suspensions averaged 10 a year; last year the SEC stepped in 63 times.
On Mar. 3, the SEC moved against CMKM Diamonds Inc., a Canadian diamond exploration company incorporated in Nevada. The SEC cited the company for failing to file financial statements for two years. Another red flag was massive trading, averaging 1.1 billion shares a day in February on the Pink Sheets for a stock whose price remained a fraction of a penny. Knowledgeable sources say regulators suspect the company or affiliated shareholders were flooding the market with stock. Neither CMKM Diamonds nor its lawyer returned calls. In a Mar. 4 press release, CMKM Co-Chairman Robert A. Maheu said: "We have been aggressively gathering the essential information needed to comply with our public disclosure obligations and anticipate working with the SEC to ensure our compliance with all federal regulations."
Think they might make CMKX the first example?
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Of course Legal, since you believe in CMKX I can understand too why you would believe the share count on web site. Since they have suckers, I mean investors, paying for others now it easy to go on the site and put anything you want and swear to it. Being online with no proof who you are except for your word. And these koolaid drinkers, I mean longs, that lie constantly about deals coming and even Willy is pumping that a deal with the DTCC has already been made, roflmao, they would never lie to Frizzle. They are bold enough to claim they have insider information, which is illegal, but they would never lie about how many shares they own.
Still it doesn't matter. I agree that we don't know how that 51% is made up. Is it from preferred? Nevada has so liberal rules on this, its no telling. But hey, here another glass of koolaid. Drink up.
-------------------- Invest with your brain not with your heart.
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Upside the next to last paragraph was good to:
"HELP FROM OTHER REGULATORS Since many con artists work both sides of the border, the SEC and Canadian authorities are working harder to share information. The SEC's move against CMKM was aided by Saskatchewan securities officials who issued a cease-and-desist order against its CEO last fall for allegedly trading unregistered shares. Calls to the company and its lawyer were not returned. Also, the SEC and NASD are discussing ways that NASD could build speed bumps for the micro-cap sector. Under discussion: rules requiring broker-dealers to put up more capital and to tell investors more about the risks when selling them penny stocks."
-------------------- Invest with your brain not with your heart.
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A couple of people have already tried to mess up the sharecount, their IP address was traced and turned over to the FBI. $25 isn't a lot of money anymore, but it is a lot to play a prank.
Frizzle is very serious about this share count and has already advised members that they may have to provide proof of their holdings. And providing false information in a legal proceeding can be very damaging to your freedom.
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I think the down fall of CMKX in the hearing is the selling of unregistered securities. I think the calling of all the PR's was to prove P&D scam. Also I think that minutes from the special board meeting Feb 2003 might also be key. Only minutes being on exhibit by the SEC. Must say something.
-------------------- Invest with your brain not with your heart.
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You wrote: "Forced, no, but if you're debating the merits of a stock with someone and that is their guiding reason for purchasing it, how can it not be introduced?"
If I am "debating the merits of a stock with someone", guidance from above or below has nothing to do with "merits". No further discussion is needed with such a person because the "merits" have become secondary to some unknown "voice from the mountain or burning bush" or "touch of angels".
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Right and Willy telling people that he has a source inside that says a deal has been reached isn't illegal. I think the SEC believes insider trading is real important ask Martha. And Accadacca claiming to have a relative that told him that Citi Bank was going to buy them out causing Citi to have to issue a PR isn't illegal. I think these people would try anything to make this look like NSS and get cmkx out of this but it won't work.
quote:Originally posted by legaleagle: A couple of people have already tried to mess up the sharecount, their IP address was traced and turned over to the FBI. $25 isn't a lot of money anymore, but it is a lot to play a prank.
Frizzle is very serious about this share count and has already advised members that they may have to provide proof of their holdings. And providing false information in a legal proceeding can be very damaging to your freedom.
-------------------- Invest with your brain not with your heart.
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quote:If I am "debating the merits of a stock with someone", guidance from above or below has nothing to do with "merits". No further discussion is needed with such a person because the "merits" have become secondary to some unknown "voice from the mountain or burning bush" or "touch of angels".
Ok, delete "merits of a stock" and substitute it with "their reasons for buying a particular stock".
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posted
Up --- forget it. That is no LOGICAL reason to buy a stock either!
PS: One of the reasons the cult people kept buying stock time after time was because the had the fanatical idea that Roger Glenn walked on water, when what he really did was "feed a multitude".
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quote:Originally posted by will: He'll sober up. Probably bumped into some cert carrying CMKX'ers over the weekend. He'll be ok by Wednesday. You know that koolaid leaves ya all toxicified and hungover, and makes ya crazy for few days.
"I don't know about you, but when we here refer to the CMKX cult, the term fits very well with the fanaticism, dogma, devotion, blind faith, etc. of the people who own CMKX stock and refuse to look at the facts that outweigh reasons to own it.
"There are others outside this thread/forum who have also labeled certain attitudes toward CMKX as a cult or cultish."
I got ya, was wondering why that started. I still think that is a bit overboard. There are a lot of similar situations in life in general. It's all a matter of personal perspective that decides what you want to call a cult. This company just happened to have a great idea for promoting themselves to an audience not savvy to the functions of the stock market. Many bought directly and indirectly. Questions were raised in regards to the operations. Hostilities may have ensued. Now, justice tries to come in. Those in positions of justice will have to decipher good from bad; which brings to mind religion. I referenced in my post earlier today the dictionary defn. of "cult". That is what I thought of when I seen some of you guys post the term. Have there been stockholders mentioning religion in this? Like you said, serious losses can occur. Indeed, my friends, religion has nothing to do with stocktrading .
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posted
For your reading enjoyment. Please don't laugh to hard and blow your milk through your nose. Disclaimer - this can cause a massive heart attack from the intense rolling on the floor laughing.
From another board:
"I believe what Willy is saying is correct about the VWAP recovery. I think at some point maybe as far back as 2003 the government was alerted to the NSS issue with CMKX. CMKX had enough evidence to warrant an investigation at some point and the government launched (what I'm going to call) a sting operation into the NSS issue. I think a lot of people and companies were involved as well as offshore setups etc. I believe the government has been working behind the scenes forcing these NSS entitiies and/or individuals to payup. What could not be collected was payed by insurance(our tax money) based on fair value that Roger Glen and his company determined(someone had to determine value).
I believe our government has handled the NSS issue behind the scenes and out of the public eye. I also believe our company was cooperating with the government last year and believed that everything was a go for the big Vegas party last year in October. However, the government put a gag order on CMKX and UCAD a few days before the party and has since launched an investigation against CMKX and UCAD looking for illegal dealings. So in a sense turned the tables on CMKX and UCAD who were caught off guard. I also believe we are unable to release any PR's relating to operations which would cause a price increase until after the SEC investigation is completed (the court hearing and hopefully nothing more after it). The government has taken it's best shot at delisting us so the question is will they be successful? I believe they will fail and will be forced to pay up what is rightfully due to many of us.
Back to the pool of money....
So at this point there is a fund that has several billion dollars in it somewhere that the government is holding. So the question is what is the government going to do with this money? "
-------------------- Invest with your brain not with your heart.
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I have always called it "weaselwording"! Problem with lawyers, is that one ALWAYS has to read between the lines and be aware of all the alternatives in a statement.
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quote:Originally posted by bill1352: next thing ya know Wallace you'll have cmkx kool-aide junkies. it'll be on street corners & in the alleys. you'll have kool-aide whores, guys will be robbing folks for another packet & a few million more shares. soon the SEC will be running public service ad's tellin kids to "Just Say No". there will be special 12 step programs that include math classes. the worst cases will be living in cars, following the races begging UC to print more shares. pleading for useless prs & more SEC suspensions so that they can feel persucuted by mm's & the SEC. it'll get ugly, come to think of it we're only missing 1 or 2 of those events now...lol
quote:Originally posted by Ric: Upside the next to last paragraph was good to:
"HELP FROM OTHER REGULATORS Since many con artists work both sides of the border, the SEC and Canadian authorities are working harder to share information. The SEC's move against CMKM was aided by Saskatchewan securities officials who issued a cease-and-desist order against its CEO last fall for allegedly trading unregistered shares. Calls to the company and its lawyer were not returned. Also, the SEC and NASD are discussing ways that NASD could build speed bumps for the micro-cap sector. Under discussion: rules requiring broker-dealers to put up more capital and to tell investors more about the risks when selling them penny stocks."
And, of course, the DTCC doesn't manipulate the media does it?
DTCC Stuns With Admission It Interfered With News « Thread started on: Today at 9:53pm »
-------------------------------------------------------------------------------- StockGate: DTCC Stuns With Admission It Interfered With News Media April 13, 2005 (FinancialWire) In yet another stunning development in the StockGate saga that has roiled the financial industry, the Depository Trust & Clearing Corporation, through its outside counsel, Proskauer Rose LLP, has admitted it sent communications that resulted in a newswire’s censorship at Yahoo (NASDAQ: YHOO) Finance via Investors Business Daily and Markethingych, now owned by Dow Jones (NYSE: DJ) but then partly owned by Viacom’s (NYSE: VIAb) CBS.
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quote:Originally posted by Upside: Originally posted by dwman:
quote:The thing about the Koolaide is, when you open the packet, there is a little card stating that within 6 months cmkx will be bankrupt but you have to buy more and more of it to collect information about the details. My largest purchasers? Will, Wallace, Ric, Doc, Ed, and Upside. LOL
But the only reason I'm buying so much of it is that one packet out of every 350 billion contains a diamond chip. Problem is, it's smaller than a Koolaide crystal so you have to look real carefully at everything that doesn't dissolve.
quote:Originally posted by Upside: Originally posted by dwman:
quote:The thing about the Koolaide is, when you open the packet, there is a little card stating that within 6 months cmkx will be bankrupt but you have to buy more and more of it to collect information about the details. My largest purchasers? Will, Wallace, Ric, Doc, Ed, and Upside. LOL
But the only reason I'm buying so much of it is that one packet out of every 350 billion contains a diamond chip. Problem is, it's smaller than a Koolaide crystal so you have to look real carefully at everything that doesn't dissolve.
Where's my shovel?
Forget the shovel its already sitting in the crapper, just flush it
-------------------- 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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Forget the shovel its already sitting in the crapper, just flush it [/QUOTE]
Well, I guess I really don't need it. Upside is finding a diamond chip in every 250 billoneth packet of koolaide. I'll just drink more koolaide.
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