Posts: 22 Re: A Big Thank You To The Bashers « Reply #5 on: Today at 09:54am »
-------------------------------------------------------------------------------- Hey Bo.. where did they get these numbers? They are different from the ones on GB's site:
posted
i'm jealous...lol ric & glassman you guys s**k...lol i love the part of dr d's drivel on how it will be easy to get the law on us bashers. going to take us to court. 39 days from now we will see who should be in court & who shouldn't. compares cmkx to qbid...well both are pink sheets & q does have an o/s in the billions but its double digit not triple. & q is doing everything it can to get on major cable networks. cmkx doesn't have to get other companies to allow them to play. cmkx has to actually put the time & effort into finding diamonds where as Q has to get big business to except them into the group. Ric & i had an aurgument last summer over the o/s & float. it was settled by calling the company & having them answer the question. it was part of a shareholder conferance call. UC was on green baron & could have just gave out the o/s & float but nope. you can not call cmkx & have them give you any numbers other then 704 billion & thats only since 2 months ago. Q may never make it but it wont be from the lack of trying. cmkx will not make it & it will be from the lack of trying.
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
Shares traded since 300 billion authorized increase: 658,801,506,456
Shares traded since 75 Billion buy back: 244,865,404,471
Shares traded since UCAD record date: 645,091,021,618
Shares Traded since the GEMM record date: 560,035,951,977
Since July 20th, 2004:760,137,555,778
actually that 760 billion since july sounds a bit low to me. in 10 months time the shares traded of an OTC or pink sheet company would be at least double its o/s. you have daytraders, ppl that buy on rumor but dont hold for long. ppl that buy & hold for a month or 2 & give up. in cmkx's case you have ppl that sold when reality set in. for each situation there is the buy counted & then the sell counted as a share traded. with 760 billion if it was 50% buys & 50% sells its only 380 billion shares & thats only if each share was only bought & sold once. the a/s was increased 300 billion. in march the a/s was increased 400 billion
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
posted
bill: "lol i love the part of dr d's drivel on how it will be easy to get the law on us bashers. going to take us to court."
Post: "Dr.D. even tried to show them some class and brains to honestly debate them, which was met by responses showing they are losers in life and are certified as some the stupidest people who exist on the boards."
Where did Dr. D say he would get the law on you? With his connections in Wash., I would say he would not have any problem if he wanted to.
IP: Logged |
posted
Oh trust me, their day is coming. Prosecuting them will be an easy thing to investigate, prove and trace to those involved in illegal trading. When the time is right I have plan that will be so simple for us to include every single one of them no matter where they post and move to have them arrested and prosecuted. Now isn't that time, but each day will bring that reality closer.
====================================
and that sounds like what to you legal???? by the way if he wants to find me i'll give him my address ok. just have him pm me any time.
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
posted
If anyone feels the whip of litigation, it will be Dr.Dementia, Zen, Sterling, Green Baron, UC, Melvin, Glenn, Coach, others like Dhonau, Desormeau, Williams, Casavant family members too, and, many of the more avid pumpers that moved from this forum to the CT forum because they couldn't take reality.
That is more realistic than anything Bo or anyone on those forums now realize. Not to worry though, just take the 5th.
IP: Logged |
quote:Originally posted by bill1352: Oh trust me, their day is coming. Prosecuting them will be an easy thing to investigate, prove and trace to those involved in illegal trading. When the time is right I have plan that will be so simple for us to include every single one of them no matter where they post and move to have them arrested and prosecuted. Now isn't that time, but each day will bring that reality closer.
====================================
and that sounds like what to you legal???? by the way if he wants to find me i'll give him my address ok. just have him pm me any time.
quote:Originally posted by Wallace#1: If anyone feels the whip of litigation, it will be Dr.Dementia, Zen, Sterling, Green Baron, UC, Melvin, Glenn, Coach, others like Dhonau, Desormeau, Williams, Casavant family members too, and, many of the more avid pumpers that moved from this forum to the CT forum because they couldn't take reality.
That is more realistic than anything Bo or anyone on those forums now realize. Not to worry though, just take the 5th.
Looks like the whole world is against you, Wallace. LOL BTW not one of those people post at CT, but thanks for pointing out your bigotry once again.
IP: Logged |
posted
hey wallace lets start a bashers group. we can send in $25 to a lwayer to protect us from the likes of Dr D when he unleashs he great connections in washington on us. when those powerful CIA, FBI & probably Secret Service guys come knocking at our doors all we have to do is call the lawyer & he will band the bashers together to fight the unfair powers effecting our lives & income. we can pay for the $25 out of our bashers pay checks...that is if they ever show up...lol
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
Posts: 292 More shares not included in the OBO/NOBO lists! « Thread started on: Today at 11:42am »
-------------------------------------------------------------------------------- A couple of interesting tidbits of information were just brought to my attention from someone familiar with the OBO/NOBO lists and it can mean that the NSS is much higher than EVER imagined!
It seems as though TD Waterhouse Canada is not reporting trades through the DTCC where they would (or should) normally find their way onto the OBO/NOBO lists. Can we get customers of this broker to make some calls and email inquiries to find out if this is true or not. Maybe someone that can record (if legal where you live) the phone call or get it in writing… I would think these questions coming at them would start making them very nervous!
Also, I have learned and it is my understanding that European brokers do not report through the DTCC and therefore their trading would not find it’s way into the OBO/NOBO list either.. WOW, just how many COUNTERFEIT shares are really out there?
Does anyone have any further information on these two items that would either prove or disprove them? Your help in finding out these answers would be very helpful to DD that is going on to find answers to all kinds of questions.
Please post and or IM me any responses or you can email me at kevinw777@AmericaNeedsToKnow.com
posted
Seems to me that nobody can dictate our thoughts. As long as we are only propounding our opinions, what possible legal action can be taken? Sounds like a First Amendment deal to me. What we do here cannot even be considered bashing, IMO. All we want is for the company to fulfil promises made over the past couple years to inform the shareholders of information they need to make intelligent decisions on investing. If that is considered bashing, pardon my french, but BITE ME !!! I consider it not only my right of free speech, but an obligation to myself to THINK about decisions I make, and attempt to get CMKX to file the info they owe us.
If that makes me a basher, then so be it. I still want an end to the opinions that can only be accomplished by a filing of information as required by the SEC.
I take no sides, I still hold shares, I still HOPE the company will turn out not to be a scam, but until certain info is released, I have no choice but to consider that it MIGHT INDEED be a scam.
Hopefully, CMKX will prove one way or another in the NEAR future.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
IP: Logged |
posted
Ed, you make good points! Glad to see someone who, like myself, wants solid information not conjecture and speculation (although such has provided me with some good entertainment). I feel like ALL sides have been guilty of withholding information and we're caught in the middle. In my mind there is no good business reason to withhold the share structure. Nor is there any good reason to muck around with the filings or put out PRs with only positive spins until you are caught in a lie, and then simply say "oops, our information was wrong. Sorry." As for the SEC, DTCC, TA etc., they should be more forthcoming with the information on trading activity we the shareholders want to see. They could easily put an end to the NSS speculation by providing audited data on all trades. Why won't they do this?
I'm with you when you say "I take no sides, I still hold shares, I still HOPE the company will turn out not to be a scam, but until certain info is released, I have no choice but to consider that it MIGHT INDEED be a scam." I feel the same way.
-------------------- The opinions expressed here by myself and others should be taken for what they are: opinions. Beware, many express opinion as fact. Do your own research from reputable sources and never invest more than you can afford to loose. ~,-,-< GatorMan
IP: Logged |
posted
The "negs" here are very quick to point out what will happen if I am wrong and the company goes completely "bust". I will lose my initial investment which is limited and controlled. OK, I can live with that.
But what if it goes the other way. What will the "negs" lose? What if there is a "settlement" paid for the NS? What will each of you do? How will you feel if you missed the opportunity of a lifetime? If there is a settlement of say a nickel per share, that would be $50,000.00 per million shares owned. If you don't own shares, you're out. No opportunity to get back in.
Owning a million shares would cost you $100 today. If there is a run and you are not "positioned", you would miss $100.00 per click as the pps rose from .0001 to .0002. As it continues up through the triple zero digits, you are losing $100 per click up to the double zero digits. Then you start losing $1,000.00 per click up to a penny. When that penny level is reached, you are losing $10,000.00 per click. Think about it. You could have been earning $10,000.00 per click for a $100 investment.
So, what is your plan if it starts to run? Just going to keep saying it's a scam? Artificial manipulation by the Kool Aid cult? Or are you going to jump in as quickly as possible with a buy. If you are lucky enough to catch it at .0003, you have lost 2/3 of your profits. At .0004, you lose 3/4 of the profits. Are you going to be quick enough when the squeeze starts?
I know Wallace will say that he utilized his superior investment knowledge to anticipate the run, and had a "friend" on Wall Street, get him some .0001 shares while it was selling at .0009, but that's just Wallace. How about the rest of you? You've had a lot of fun bashing this stock, but what if you are wrong? How will you "fix" that kind of mistake?
Yeah, I know, there's no way any stock with this kind of OS could ever run. But there is that sticky question about the "float" that hasn't been answered. There is also that sticky question about why the SEC won't halt this thing after operating so long. There are questions about whether the greed and avarice of MM's, Hedge Funds and Offshores? Could they have really shorted this stock by trillions to feed that greed? Is Bob Maheu really smart enough to pull off a sting of this proportion? Are you really getting the best information available from the other negs who post here? So many questions, so much at stake.
Lots of questions for the negs here. You don't have to answer me, I already know the chances of losing my initial investment and the enormity of the winnings if I am right. Can you calculate the magnitude of your loss if you are wrong? Time is running out. Decisions have to be made. Don't be late to the post, the race is about to begin. All IMO of course. And don't make any decisions based on what I say, or what others say. It's your life, your investment choice. Make wise decisions based on your own DD and investigations.
IP: Logged |
posted
legal if i see it start runnin i'll buy in. i've bought & sold cmkx 3 times in the last 15 months. i sold my last share a few months ago...the 62K lost because of the cost to sell but did so on principle.. with a 704 billion o/s or a 400 billion o/s if your right & UC has 51% which i do not believe is true any run will be slow. if it turns out i'm wrong i'll be the first to say so. but any dream of a .05 settlement from mm's because of a NS more then dreaming.
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
posted
Legal, I'll answer it. You know I recently sold my position. My total investment was 1400.00 and it returned 160.00. I bought into it the first time on a wave of hype a year and a half ago and bought again into the run mid last year. Both times I kicked myself almost immediately after buying. Everything I've said about this stock since I initially bought it has come to pass and in fact, it's surpassed my worst "bashes". After the hearing I decided that enough was enough and got out, at .00004. If I thought this stock had any chance at all I wouldn't have sold. To my way of thinking, in order for this stock to move at all two things have to happen. #1, they have to avoid being revoked and as of right now, that's not likely. #2, if they somehow do dodge the SEC bullet, then one of these wild and outlandish conspiracy theories has to come to pass. You can pick which one you like, the naked short theory, the trillion dollar valuation theory, it doesn't matter which you chose, one of them has to be proven true. That is even less likely.
Now, if I'm wrong, I'm wrong, there's no need to "fix it", I'll be wrong, that's it. If it does somehow run I won't buy into it, already made that mistake once, I'll just sit back and watch it. Will I still say it's a scam? Don't know until I see the circumstances surrounding it.
You closed your above post with the sentence "make wise decisions based on your own DD and investigations". I'd encourage everyone to do that as well.
IP: Logged |
quote:Originally posted by ed19363: Seems to me that nobody can dictate our thoughts. As long as we are only propounding our opinions, what possible legal action can be taken? Sounds like a First Amendment deal to me. What we do here cannot even be considered bashing, IMO. All we want is for the company to fulfil promises made over the past couple years to inform the shareholders of information they need to make intelligent decisions on investing. If that is considered bashing, pardon my french, but BITE ME !!! I consider it not only my right of free speech, but an obligation to myself to THINK about decisions I make, and attempt to get CMKX to file the info they owe us.
If that makes me a basher, then so be it. I still want an end to the opinions that can only be accomplished by a filing of information as required by the SEC.
I take no sides, I still hold shares, I still HOPE the company will turn out not to be a scam, but until certain info is released, I have no choice but to consider that it MIGHT INDEED be a scam.
Hopefully, CMKX will prove one way or another in the NEAR future.
noahltl Diamondologist
Posts: 407 Re: A Big Thank You To The Bashers « Reply #17 on: Today at 2:44pm »
-------------------------------------------------------------------------------- on Today at 1:21pm, ed19363 wrote:I'm getting d**n tired of being labeled a basher just for asking CMKX to give us real information thru established channels, instead of releasing fluff PRs with no meaning.
All this could come to a close if the company would do what it is SUPPOSED to do, and file the necessary info.
ed19363, I didn't see anyone post a reference to you, but if you want to associate yourself with the garbage that spews out of Allstocks, I guess it's o.k.
Just asking for some information, huh? Let's take a look at some of your "questions" over the last month"
"Time to hire a lawyer to file a class-action suit against CMKX and UC. May as well throw in a few more. Roger and Maheu for starters. And I'm sure we can come up with more. Any bets we get something back?"
"Legal, take it and pound it. This chit is about as dead as it can get. Get your head out of your AZZ for a while. You might be able to see."
"Why give them more time? If UC hasnt turned over records by now, he never will. Best case scenario here is shut it down, charge UC with whatever you can, put his butt in jail, split up the race cars and nice house among the shareholders, and move on."
" It's over, guys. There is nothing left to fight over. We've been royally screwed, even the other boards are acknowledging it now. Probably the only person in the world on UC's side now is legaleagle. This too shall end."
"May they all rot in hell (EOM)"
ed, obviously just a case of mistaken identity.
IP: Logged |
quote:Originally posted by Wallace#1: As per legal: "Ric, any attempt to attack the Christians, huh? Do you score more points with Wallace when you do that?" --------------------
You certainly are paranoid, legal. I don't attack Christians. I do attack any approach to use Christianity as a cause to purchase stock.
I attack stupidity. I attack pumping. I attack using religion as a ploy to entice others to buy stock. I attack a cult attitude. I attack a lack of reality. I attack ignoring and a lack of reading the true facts. I attack distortion, diversion, spinning and twisting of information.
Last, but not least legal, I attack your ignorance in making a statement such as the one above.
PS: Of course, legal, by now I know exactly what to expect from you and your limited abilities.
SORRY WALLACE; I just can't connect your "christian" claims of koolaid, pumping,etc. Sure Christians are positive. You have to admit that a lot of data is provided from that angle. I have requested a search elsewhere on a question I had and the "Christians" came up with it within minutes. Whatever the folks with 'negative opinions are( and they migh t be right) Positive information(new) is much more helpful than a lot of the old "rules of thumb" presented negatively. FOR any "NEWBIES" I have been in the market a long time & CMKX also. Follow what the "koolaid drinkers" are telling you. "Invest only what you can afford to loose, and stay current with "ALL" information. LEFTY
IP: Logged |
posted
UC can file and prove all those opinions wrong any time he wants to. Problem is he doesnt seem to want to. Ergo, we are dead in the water, and CMKX appears to be a scam.
And as far as you and your lengthy posts and reposts, you accomplish nothing. You may as well sit back like the rest of us and wait for the outcome. All your postings of numbers and theories dont amount to a hill of beans and makes you come off like a complete Koolaid drinking idiot. Even if you arent, YOU APPEAR THAT WAY.
By the way, all the above is MY opinion. If you are allowed to have yours, I'm allowed to have mine.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
IP: Logged |
posted
Lots of questions for the negs here. You don't have to answer me, I already know the chances of losing my initial investment and the enormity of the winnings if I am right. Can you calculate the magnitude of your loss if you are wrong? Time is running out. Decisions have to be made. Don't be late to the post, the race is about to begin. All IMO of course. And don't make any decisions based on what I say, or what others say. It's your life, your investment choice. Make wise decisions based on your own DD and investigations.
Even tho I consider it to be none of your business, I'll answer you. I still hold several million shares, and if CMKX bellies up, I lose several Thousand dollars. Not all my shares were bought at .0001. At the same time, if it takes off, I will make money. How much depends on how high it goes. That being said, my question is "When?" How long are we supposed to hang on?
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
IP: Logged |
quote:Originally posted by ed19363: UC can file and prove all those opinions wrong any time he wants to. Problem is he doesnt seem to want to. Ergo, we are dead in the water, and CMKX appears to be a scam.
And as far as you and your lengthy posts and reposts, you accomplish nothing. You may as well sit back like the rest of us and wait for the outcome. All your postings of numbers and theories dont amount to a hill of beans and makes you come off like a complete Koolaid drinking idiot. Even if you arent, YOU APPEAR THAT WAY.
Proud to be a Kool-Aid Drinker. We'll have to see about "idiot".
IP: Logged |
quote:Originally posted by ed19363: Lots of questions for the negs here. You don't have to answer me, I already know the chances of losing my initial investment and the enormity of the winnings if I am right. Can you calculate the magnitude of your loss if you are wrong? Time is running out. Decisions have to be made. Don't be late to the post, the race is about to begin. All IMO of course. And don't make any decisions based on what I say, or what others say. It's your life, your investment choice. Make wise decisions based on your own DD and investigations.
Even tho I consider it to be none of your business, I'll answer you. I still hold several million shares, and if CMKX bellies up, I lose several Thousand dollars. Not all my shares were bought at .0001. At the same time, if it takes off, I will make money. How much depends on how high it goes. That being said, my question is "When?" How long are we supposed to hang on?
You should hang on until the people who know more about this than your or I, think the time is right. Impatience is not a good reason to badger and bash the company. I am sure Urban is as anxious as we are to get this garbage behind him and move on with his company.
IP: Logged |
posted
Well, I would like to see some people make out on this myself. But even if UC would file or a settlement was reached, how do you believe this can move? I see a settlement maybe giving there money back or if UC filed seeing this go back to .0001 .0002. But after all is said and done, this stock still has a O/S of 703 billion and a float well over 300 billion. You can't squeeze that. Smaller o/s and floats that are for sure under NSS hasn't moved because of there float. Even if it went to court the judge wouldn't issue more then 3 times damages. So thats .0003 to .0006. And that to the NSS part only so after its divided out then its less plus the lawyers 1/2. You still be lucky to break even.
I really have a hard time understanding how someone can think a penny let alone a nickle. If what you say is true, which I can't believe because its impossible, and there is a huge NSS then a nickle would cause a market depression to cover. It's a koolaid dream and if it did go to court the lawyers would get most of the settlement anyway.
-------------------- Invest with your brain not with your heart.
IP: Logged |
quote:Originally posted by Ric: Well, I would like to see some people make out on this myself. But even if UC would file or a settlement was reached, how do you believe this can move? I see a settlement maybe giving there money back or if UC filed seeing this go back to .0001 .0002. But after all is said and done, this stock still has a O/S of 703 billion and a float well over 300 billion. You can't squeeze that. Smaller o/s and floats that are for sure under NSS hasn't moved because of there float. Even if it went to court the judge wouldn't issue more then 3 times damages. So thats .0003 to .0006. And that to the NSS part only so after its divided out then its less plus the lawyers 1/2. You still be lucky to break even.
I really have a hard time understanding how someone can think a penny let alone a nickle. If what you say is true, which I can't believe because its impossible, and there is a huge NSS then a nickle would cause a market depression to cover. It's a koolaid dream and if it did go to court the lawyers would get most of the settlement anyway.
Won't go to court Ric. DTCC and MM's don't want this scandal to go public. IMO
IP: Logged |
"hey wallace lets start a bashers group. we can send in $25 to a lwayer to protect us from the likes of Dr D when he unleashs he great connections in washington on us. when those powerful CIA, FBI & probably Secret Service guys come knocking at our doors all we have to do is call the lawyer & he will band the bashers together to fight the unfair powers effecting our lives & income. we can pay for the $25 out of our bashers pay checks...that is if they ever show up...lol" ----------------
It would be rather easy to commence litigation against many of the named people. There are those that hold the stock and those that sold the stock....many of whom are unhappy. Just litigation against them for "failure to perform fiduciary duty" should be enough to win. That alone is quite obvious from their track records and hearing testimony.
Tango,
So do yourself another favor as a result of their pumping, etc. Go buy more CMKX! They will bless you for it!
IP: Logged |
posted
I love it when the paid pumpers call the truth bashing because someone has a different point a view. I am a investor and 703 billion shares wouldn't be touched by real market movers. I don't care if they did have revenue. Call CNBC and ask anyone on there professional advise team if they would recommend or invest in a company with 703 billion o/s. No matter how it got to that number. It is what it is and I didn't put it there the company and pumpers did.
These paid pumper like Willy who has even blackmailed a company into giving him shares to promote there stock are the problem. You really think a car salesman bought 900 Million shares of CMKX. Paid pumpers like Sterling and Dr D. Green Baron and WSJ that only promote stocks that pay them. Why do you think Bob bans these pumpers like Willy and green Baron from linking to there sites, they are scams artists thats why. I would rather be called a basher though then one of those low lifes that sucker people into these scams with dreams that are impossible. While they are pumping to no end and convincing people this is a great investment while the company is diluting shares faster then the printing press can run. These people are scum IMO.
-------------------- Invest with your brain not with your heart.
IP: Logged |
posted
not everyone jackpot...only the cult......UC has 35 days to file & 50 days to cover his tracks if he doesn't. i think he better cover them well too. the paid pumpers will make excuses for UC for a few days & disappear or move to the next company that gives them shares to pump. the rest of the 5200 cult members will be looking for blood. i will give the cult 1 thing they dig around on stuff a find the most trivel links to anything. when reality sets in UC better make sure every possible base is covered legally. & he better hope is new addy isn't public knowledge. the minds of a handful in this cult are not held together real tight. UC is going to have more then 1 lady screaming for his head & he's gonna need a lot of help if they find him.
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
SEC releases first public audit of books - late Thu May 26, 2005 06:04 PM ET By John Poirier WASHINGTON, May 26 (Reuters) - The U.S. Securities and Exchange Commission, the watchdog that enforces timely disclosure of financial reports by public companies, on Thursday issued publicly its first ever audited financial statement -- six months late.
"Going through the first audit effort ever in the history of the agency was quite a Herculean effort," Peter Derby, managing executive for operations at the SEC, said during a conference call with reporters.
The SEC's financial statements were audited by the Government Accountability Office (GAO), the investigative arm of the Congress, which found three material weaknesses in the federal agency's internal controls.
Weaknesses were found in tracking and recording money due the agency from enforcement cases, preparation of SEC financial statements and the ability of SEC information systems to ward off a potential outside attack.
"We're holding ourselves to the same standards that we hold the public companies -- that we are disclosing these material weaknesses and explaining how we intend to remediate them," said SEC spokesman Matt Well.
Officials said the GAO started its audit in the spring of 2004 and ended on Feb. 11. The GAO issued a draft unqualified opinion on the SEC's financial statements in early May, they said.
SIX MONTHS LATE
Officials said under a 2002 law, the SEC and other small U.S. agencies must present an auditor's opinion by Nov. 15, about 45 days after the end of the fiscal year, which comes on Sept. 30 for the federal government.
The SEC never issued a 2003 report so it could better prepare for the 2004 report, adhering to U.S. Generally Accepted Accounting Principles.
Under securities laws tightened in the wake of the fall of former energy trader Enron Corp., public companies are allowed more than two months to file their annual financial reports with the SEC or face the possibility of enforcement action.
The SEC report reflects the financial picture for fiscal 2004. Officials said there were no connections between the report and the recent discovery of a $48 million SEC budget shortfall.
Margaret Carpenter, head of the SEC's Office of Financial Management, said it would be an "ambitious" goal to meet the next Nov. 15 deadline for the 2005 report and said they believe they will resolve the weaknesses within the next year or two.
The U.S. Chamber of Commerce, which has been highly critical of some recent SEC regulatory decisions, highlighted the irony of the SEC's situation.
"There probably is a good lesson for them in terms of what it means for companies to go through this process and to the details and the extent to which you need to analyze your processes," said David Chavern, the chamber's director of corporate governance initiative.
posted
Re: SEC Financial Statements: "We're holding ourselves to the same standards that we hold the public companies -- that we are disclosing these material weaknesses and explaining how we intend to remediate them," said SEC spokesman Matt Well." --------------------
The above is one hell of a lot different from CMKX.
To begin with, they state they are holding themselves to the same standards as public companies. CMKX did none of that but, instead, falsified their documents. As a matter of fact, Urban Casavant further refused to abide by standards by taking the 5th.
Also, CMKX did not disclose material weaknesses. They refused to do so and misled with ambiguous PRs from company sources. Urban Cassavant literally stated he did not know how to run a public company....and there is no greater "material weakness" than that. It appears that he does not know how to run "any company", let alone a public company. They disclosed that Roger Glenn did not accomplished his tasks. They disclosed that Maheu (a Co-Chairman of the Bd of Directors) knew nothing about the operations of CMKX. Others claimed a lack of knowledge, inadequate records or voids in records and distancing themselves. These are just a very few of the major differences.
PS: These are the three alleged material weaknesses:
Weaknesses were found in (1)tracking and recording money due the agency from enforcement cases, (2)preparation of SEC financial statements and (3)the ability of SEC information systems to ward off a potential outside attack.
The first applies just to enforcement cases and is easily remedied. The third is expected and seems to be a quite a stretch to call it a material weakness in view of the fact that it is on the front line at all times. The second might have some merit, but it does not state specifics and, therefore, one would not know exactly how much "material weakness" it could represent.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
