posted
Even if what you say is true it still means he doesn't have to own any shares to vote without our consent. Just don't know why he would need to contact a lawyer to figure out how to bypass us since he and his family didn't own majority only 10.7% of outstanding shares, if what you say is true.
quote:Originally posted by JohnnyRotten: RIC,
The articles of INC stated 3 entities with voting rights.
1. Urban 2. Casavant family collectively 3. Majority shareholders
All have equal vote. If over 65% then all it means is that Urban and the family agreed. Go back and read the original articles.
UC and family control the company. The only way anything happens is if a rift between UC and family occurs.
-------------------- Invest with your brain not with your heart.
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posted
Yeah what he said, lol. So without share structure, which is witheld, there is no way to tell what UC owns. Maybe all he owns is the 600 million he locked up and the rest he sold for profit to race cars with and live high on the hog. Who knows because they illegally quit filing and informing us of anything. And not filing S-8's or gagging the TA has nothing to do with NSS.
quote:Originally posted by bill1352: what Ric is posting says that could have been signed at any time even back in 1998 all that had to be done is transfer articles from 1 to the next thus that right to vote transfers. which explains why at the last known share structure insiders held 10% but had the vote without telling the rest of the shareholders.
-------------------- Invest with your brain not with your heart.
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posted
First thing that was taught in Statistics in college is random sampling. You have to poll the population in a random way that would get a equal chance of the same outcome.
Letting people volunteer to call in and give there opinion is not a random sample. They have there reason to call in.
As with the shareholders group. The people that have real money in this and can't afford for it to fail will give there infomation first. Those that own little with no interest just a lottery ticket would be the ones that don't bother. Especially when they had to pay $25.00
So Frizzle's so called formula that adds up to 2-4 trillion isn't a statistical sampling. No one knows what the total would be. Theres no proof that the last 50 thousand don't own less then 1 million shares. Odds are they do but no way to tell without a true statistical random sample.
-------------------- Invest with your brain not with your heart.
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posted
i honestly have been reading this for days and i cant figure out how the hell something positive can come of this
can someone explain this to me seriously not bashing i promise i just fail to comprehend whats going on what will mean bad things tommorow what will mean good things?????
its wierd im usually very good at picking this stuff up but this seems like you are argueing the same point but putting whatever type of spin on it depending on your position in the stock is
i guess im just confused O_o
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill
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posted
Depends on who you talk to but I think its obvious. If it smells like it and looks like it then it probably is. But when you buy a company that doesn't report and refuses to give information or share structure, you get what you buy, nothing.
-------------------- Invest with your brain not with your heart.
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posted
actually if you look at what cmkx says is in CEDE & at what has registered with the owners group as cert holders that does leave a large portion not accounted for. what the OG has listed for street is meaningless. cmkx stated what is there according to records, 407 billion but the OG has only 30 billion in cert listed, thats 437 billion leaving 270 billion shares unaccounted for. logic says insiders are not in CEDE or street names. logic also says the cult that has shares in cert are part of the OG. this is as of march 2005. thus to prove a ns i'd guess they need to get over 437 billion & i'd say UC & insiders might own 270 billion making the float 437 billion. i had figured the float to be about 600 billion not that it would really matter no company with a 437 billion float can ever have any value. that number also is just about what was added at divy time & it might explain where they went & how they went from a/s to o/s in 3 days. logic also would agree that those not in the OG are mostly the 1 to 10 million shareholders. for arguments sake lets say 60K shareholders felt the group was worthless & the average owned is 5 million thats 300 billion. since the OG is a bit over 300 billion there might be a n/s of 150 billion. with a float of 437 billion there won't be that big of a squeeze. & thats only if insiders own that 270 billion & only if 60K shareholders are still out there & they average 5 million each. thats 1 h**l of a lotta IF's.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
Let me clarify, I said certs but should have said registered. Certs are registered but you can be registered without a cert. This from JP Morgan.
quote: Registered shareholders are listed directly with the issuer or its U.S. transfer agent. The transfer agent handles the record-keeping associated with changes in share ownership, distribution of dividend payments, and investor inquiries; it also facilitates annual meetings. An issuer's depositary bank can provide the identities of registered shareholders on a regular basis. However, this may not provide the level of shareholder identification required for a successful investor relations effort. Registered shareholders are typically individual investors who have physical possession of their share certificates, generally in lots of 100 shares or fewer. The registered list also includes nominee names such as Cede & Co., which represent the aggregate position of the Depository Trust Company (DTC), the primary safekeeping, clearing, and settlement organization for securities traded in the United States. DTC uses electronic book-entry to facilitate settlement and custody rather than the physical delivery of certificates.
Beneficial shareholders, which can include individual as well as institutional investors, do not have physical possession of their certificates; third-party broker-dealers or custodian banks hold their securities on their behalf. These shares are said to be held in street name because they are kept with the DTC in the name of the broker-dealer or the custodian bank - not the underlying shareholder. Lists of beneficial shareholders who do not object to disclosing their holdings are available from banks and broker-dealers. These lists, called NOBO for Non-Objecting Beneficial Owner, typically provide the names of individual investors.
Basically CEDE and company is a registered entity where beneficial owners in street name are not. The OG PR said there were 407 B registered in CEDE the way I understood it. The owners shares can be in CEDE and Co.
If the OG number are street shares you can just add the two together. The alternative is that these fall under CEDE also and the most you could have is an OS of 407 Billion. Anything over is short.
Now back to UC's ownership. Remember UC said in the Nevada Minerals transaction he would receive no Divvy's. It is possible UC sold all his shares and chose to take profits through mining instead.
That does not mean another insider doesn't own 51%, because any of his family could. Dhonau or whatever his name could.
In voting then you would have
1. UC without any shares by inc articles 2. Casavant family by articles. 3. The majority holder whoever it might be by purchase of stock.
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posted
http://cfrn.net will provide exclusive media coverage of the CMKX - SEC hearings beginning tomorrow, and for as long as the hearings last. Mr. John Martin will be reporting live for CFRN from the Edward R. Roybal Federal Courthouse in Los Angeles. Our regularly scheduled programming will be interrupted with breaking news as it unfolds. God is good! Blessings CT CFRN Christian Financial Radio Network.
posted
No matter what you think of CMKX, it sure doesn't look like naked shorting can be swept under the rug any more.
CHARLOTTE, NC -- (MARKET WIRE) -- 05/10/2005 -- HouseRaising, Inc. (OTC BB: HRAI) ("HRI" or the "Company") announced today that it has formally requested the NASD to investigate into what appears to be a wave of coordinated, "naked" short selling by a few individuals, which has depressed its stock price and may be in violation of the NASD's rules and regulations.
posted
What is really funny is that most of this doesnt matter anyway. We are locked at .0001 no matter what happens, no sign of any movement. The lawyers are feasting on the company and the shareholders, and we get left holding a big big waiting for the elderdritches to appear. Maybe CMKX will have some bearing on naked shorted stocks, but the fact remains, we have made squat out of the "play of a lifetime". Yep, I'm laughing my head off.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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quote:Originally posted by ed19363: Yep, I'm laughing my head off.
Ed, I am glad your laughing, because at this point, I am not. I know there is not much else to do at this point, however, I still find this far from funny.
What is it that Legal says..... Sssshhhhh........can you hear it?
I am hoping that legal is right.
-------------------- "Things that make you go hmmmmmm......"
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posted
Jeal that may be true but you could have sold. There was time. Some think the carnival like shoaws right now are funny.
I mean the SEC made pretty obvious claims against the company. This is after a investigation that they did. I really don't think they are doing this to get at cmkx. The company did violation to the rules that caused them to hide information to share holders. Whether its has NSS or not the case at hand was lies on a form 15. Non filing. Selling illegal securities. When you buy a company that gives you nothing then its probably worth nothing.
I knoe the SEC has its problems and needs some work but these claims they are covering up NSS is baseless. If they were they wouldn't be forcing a public hearing.
So yes its funny in a way that no one will look at the facts in front of them and smell the coffee.
-------------------- Invest with your brain not with your heart.
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Agreed, I am an adult and do make my own decisions. Thanks for the "Coles Notes" versions on the scenrio. I am quite prevy to it.
Funny - sorry, still dont think so, never said no one could laugh at it....thats each individuals perogative - I just chose not to. I do work hard for my money, and invest knowing the riks, but losing money on stocks, at a pub, on a comsumer purchase - regardless of the circumstances stinks - period. I do agree that there is a lot of unanswered questions, and things that make me slap my forehead and go duhhhh - what were they thinking.
BUT ( thats a big but ) have you ever really thought just
What if.....
At the end of the day ( or tomorrow, the day after or whenever ) if I lose my small lottery ticket, thats life - but again I still dont find losing money for whatever reason or circumstance funny.
JMO
-------------------- "Things that make you go hmmmmmm......"
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posted
i did forget the time zone differance...lol. wanna bet no real info comes out today? motions & fighting over motions & thats about it. i hope the judge has a full supply of valium
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
Bill, I believe the judge has some time before issuing a ruling anyway. I doubt very much if anything of substance will come out in the next couple days....like I said we are stuck in .0001 limbo for the forseeable future. I dont see the PPS moving for a long time, even if we are not revoked. We shall see what we shall see, but IMO there isnt gonna be much celebrating.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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quote:Originally posted by bill1352: i did forget the time zone differance...lol. wanna bet no real info comes out today? motions & fighting over motions & thats about it. i hope the judge has a full supply of valium
Your probably right - today I am sure will be used to outline the rules; do's and dont's etc. I am quite sure, we wont hear of any sifnificant happenings.
-------------------- "Things that make you go hmmmmmm......"
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posted
I agree ed, with the caveat that no matter how ugly the preliminary ruling/inclination looks or is for CMKX, the faithful will find comfort even in damning results. There may not be a final solution or resolution, but again no matter how bad it looks for them it will be translated as a good thing, like it always is.
quote:Originally posted by ed19363: Bill, I believe the judge has some time before issuing a ruling anyway. I doubt very much if anything of substance will come out in the next couple days....like I said we are stuck in .0001 limbo for the forseeable future. I dont see the PPS moving for a long time, even if we are not revoked. We shall see what we shall see, but IMO there isnt gonna be much celebrating.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
was listening to the christian radio deal to hear any updates but i couldn't take the music anymore...lol. 1 hr & nothing, the guy in court hasn't even said hi
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
gonna have to wait till lunch in the court to see if anything happened or if there is any news worth hearin...the CT radio S**KS, its either teen-bop pop or hip-hop not sure which is worse for the brain this or reading the cults theories...lol
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
you forgot to add that the auditor is STILL waiting for paperwork to start the audit to then file. $2 million spent but the auditor has yet to get page 1
-------------------- "keep your stick on the ice & your cup firmly in place"
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