posted
Speaking of Law Suits - Bashing becoming a dangerous "parlor game". LOL
MIAMI, FL--(MARKET WIRE)--Jun 22, 2005 -- Universal Communication Systems, Inc. (OTC BB:UCSY.OB - News), its wholly owned subsidiary AirWater Corporation, as well as company chairman Michael Zwebner, announced today that they have re-filed the law suit against James Coughlin, Internet alias "IrishJim44," for claims totaling the amount of $18 million. The law suit has been filed in Federal Court in the Southern District of California. ADVERTISEMENT
In a statement issued today, Michael J. Zwebner said: "As the Florida courts denied jurisdiction over this case, we have now re-filed suit against James Coughlin in Federal Court in San Diego CA. Our suit is the first of a number of upcoming law suits all against Internet posters who have conducted an unrelenting vicious and malicious evil on-line campaign of harassment against the companies and me for several years. We believe and allege, based on the actual posts made, that this defendant, as well as a number of co-conspirators, embarked on a deliberate and planned evil program of defamation, libel and the repeated publication of an unrelenting barrage of false information, false innuendoes and lies, as well as acts of cyber-stalking and harassment, all for personal illegal and immoral gain, and to cause maximum economic and commercial damage as well as severe emotional distress to myself." .........................
posted
Can't have the faithful spitting the hook now, can they? Of course, they like the feel of that barbed hook in their mouth, they wouldn't spit it anyway, but UC isn't taking any chances.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
So sue me. Thanks to companies like CMKX, I havent got **** left anyway....LOL
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
Your SEC at work. Page 105 of the transcript Hakala says:
"Your Honor I don't know what he is going to ask, but as a general matter, I DON'T UNDERSTAND WHY THE SHAREHOLDERS WOULD NEED TO ASK QUESTIONS." LOL
Posts: 2375 | Registered: Nov 2004
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posted
she is right legal...this case was about filing...ONLY. it wasn't about valuation, share structure, nss all things the shareholders want to know about but dont because of not filing. the only ppl that can answer why cmkx is not filing is the company. the shareholders should want to know why cmkx is not filing & that is what Hakala was there to do. in short, she was asking the only questions this case was about that YOU should want answers too.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Somebody please put a buy in at .0001 so I can dump this crap.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
some of its missing legal....lmao...how cool is that...basher can scream about missing files.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
9 million shares going once.....going twice.....
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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quote:Originally posted by bill1352: she is right legal...this case was about filing...ONLY. it wasn't about valuation, share structure, nss all things the shareholders want to know about but dont because of not filing. the only ppl that can answer why cmkx is not filing is the company. the shareholders should want to know why cmkx is not filing & that is what Hakala was there to do. in short, she was asking the only questions this case was about that YOU should want answers too.
If the case were only about "filing" the judge would not have allowed Frizzell to pursue the NS by submitting exhibits on NS after the hearing. Nor would she have kept the JEFF letter in the file. What does that have to do with filing?
As for this shareholder, I know they are not going to file until the time is right.
Posts: 2375 | Registered: Nov 2004
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quote:Originally posted by bill1352: she is right legal...this case was about filing...ONLY. it wasn't about valuation, share structure, nss all things the shareholders want to know about but dont because of not filing. the only ppl that can answer why cmkx is not filing is the company. the shareholders should want to know why cmkx is not filing & that is what Hakala was there to do. in short, she was asking the only questions this case was about that YOU should want answers too.
If the case were only about "filing" the judge would not have allowed Frizzell to pursue the NS by submitting exhibits on NS after the hearing. Nor would she have kept the JEFF letter in the file. What does that have to do with filing?
As for this shareholder, I know they are not going to file until the time is right.
Er... wasn't the time right about two years ago? What possible reason could they have for not filing immediatly?
-------------------- 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 Posts: 752 | From: Springville, Utah | Registered: Jan 2004
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posted
Heh, heh,heh....we been asking that question for two years.....
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
And for nearly two years, the company has been under attack by insiders and NS.
Why would you file a great valuation with three trillion shares out there? Until something is done about it, the market makers would only continue to manipulate the stock, and it would still just trade around .0001.
There has to be a conclusion to the NS and the insider issue before we move on.
Posts: 2375 | Registered: Nov 2004
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Joined: Nov 2004 Gender: Male Posts: 1,089 Location: British Columbia has the SEC been proven to act in bad faith « Thread Started on Today at 11:10am »
-------------------------------------------------------------------------------- they have been doing an investigation into CMKX and have all the trading records and know 100% for sure we were naked shorted to death yet didn't follow their own mandate in protecting the investors, let the stock still trade and billions more counterfeit shares be bought. The naked shortselling issue should be entered in this case just to show motive on behalf of the SEC for such a quick revocation and also goes to show their integrity, which they have been proven to have none at this point. They have mishandled and withheld vital evidence and that has to be taken into consideration, and infact should lead to a major inquiry into their conduct.
A monkey could see that we have been treated unfair by the exact agency bringing action upon us, so I am sure this judge can see it also.
That being said, CMKX you owe it to us the shareholders who have hung in there for all these months, and maybe given up some of our sanity, to file. The world knows what the SEC and DTC are all about, but now it is time for CMKX to show the world what they are all about
Posts: 2375 | Registered: Nov 2004
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quote:Originally posted by legaleagle: And for nearly two years, the company has been under attack by insiders and NS.
Why would you file a great valuation with three trillion shares out there? Until something is done about it, the market makers would only continue to manipulate the stock, and it would still just trade around .0001.
There has to be a conclusion to the NS and the insider issue before we move on.
So what you are saying is that because someone is doing something illegal to the stock (i.e., NSS) it's alright and a good tactic for the company to violate the rules of the SEC in self defense? That makes no sense to me. Why wouldn't you bring a case against the short sellers instead? Did the company really believe that refusing to comply to SEC regulations and then blaming it on NSS would force the SEC to say, "Oh, OK. We'd better look into the naked short problem. Thanks for bringing it to our attention" and accept that as a valid excuse for the company not complying with the regulations? Common sense would tell me that all that's going to do is detract from the NSS issue and do exactly what happened, bring the focus to the non-compliance issue.
Now I've only read about 250 pages of the testimony (all the governments witnesses) but what I see so far is a company that had no intention of filing, and indeed had absolutely no internal accounting whatsoever! I know others have been saying this all along and I hope they will forgive me in that until I see something official and reliable I try to withhold final judgment. I'd say testimony in a court of law is pretty official. And any NSS or fantastic valuation claims I've heard so far do not fall under the "official and reliable" category.
-------------------- 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 Posts: 752 | From: Springville, Utah | Registered: Jan 2004
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quote:Why would you file a great valuation with three trillion shares out there? Until something is done about it, the market makers would only continue to manipulate the stock, and it would still just trade around .0001.
There has to be a conclusion to the NS and the insider issue before we move on.
I just can't agree with that. Let's say that every single one of your beliefs about this company is true, they have a valuation approaching a trillion dollars, insiders own virtually all the stock, in short, it's a real pretty picture but, the company is naked shorted to death. How do you best deal with that situation? The answer isn't to hide all of these rosy details from everyone and put yourself through an SEC revocation proceeding. That is truly insane. Why would you not release ALL of that information and then just watch the rush to cover when the market makers realize what a gross mistake they have made. If somehow the evil doers manage to keep it at .0001, your case is as strong as it could possibly be. You would have iron clad proof of manipulation when a company on the order of a Wal-Mart is trading at .0001.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Gator Man. Not "alright". Necessary to survival. Bringing a civil suit against the naked shorters has done no good, so far, for any company that has proceeded that direction. They simply stall. IMO, Stoekclein knew that nothing would be done, in short order, until the SEC was drug into the mix. So he forced their hand to take action by filing the 15a and then Maheu got right in their face in his PR to them, just to make sure they took action.
Not only does it bring the NS to light, but it also has the secondary benefits that I mentioned a few posts back. That of revocation taking out the "insider culprits" who were attempting to take over the company, but also allows Urban to breach the confidentiality clause of the contract with them when it reaches the 1st Circuit Court of Appeals, a court of "competent jurisdiction". Then he will be able to freely discuss the identities of the Pre Merger Syndicate, and their anti-company deals, without losing the company. The reasons for these tactics can be seen in the definitive 14C and contract terms with the "sellers". This is why so much emphasis was being placed on Desormeau and his 63 billion shares. There are others.
Posts: 2375 | Registered: Nov 2004
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quote:Originally posted by Upside: Posted by Legaleagle:
quote:Why would you file a great valuation with three trillion shares out there? Until something is done about it, the market makers would only continue to manipulate the stock, and it would still just trade around .0001.
There has to be a conclusion to the NS and the insider issue before we move on.
I just can't agree with that. Let's say that every single one of your beliefs about this company is true, they have a valuation approaching a trillion dollars, insiders own virtually all the stock, in short, it's a real pretty picture but, the company is naked shorted to death. How do you best deal with that situation? The answer isn't to hide all of these rosy details from everyone and put yourself through an SEC revocation proceeding. That is truly insane. Why would you not release ALL of that information and then just watch the rush to cover when the market makers realize what a gross mistake they have made. If somehow the evil doers manage to keep it at .0001, your case is as strong as it could possibly be. You would have iron clad proof of manipulation when a company on the order of a Wal-Mart is trading at .0001.
Up, the NS isn't the only problem. Read my post to GatorMan.
Posts: 2375 | Registered: Nov 2004
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quote:Up, the NS isn't the only problem. Read my post to GatorMan.
Same answer though. If there are insiders attempting to take over the company, let the true value of the company be known. If this company truly does have a value that would rank it in the Fortune 500, release the information. Any takeover attempt would then have to be done based on true value and guess who benifits then? The shareholders.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by legaleagle: Gator Man. Not "alright". Necessary to survival. Bringing a civil suit against the naked shorters has done no good, so far, for any company that has proceeded that direction. They simply stall. IMO, Stoekclein knew that nothing would be done, in short order, until the SEC was drug into the mix. So he forced their hand to take action by filing the 15a and then Maheu got right in their face in his PR to them, just to make sure they took action.
Not only does it bring the NS to light, but it also has the secondary benefits that I mentioned a few posts back. That of revocation taking out the "insider culprits" who were attempting to take over the company, but also allows Urban to breach the confidentiality clause of the contract with them when it reaches the 1st Circuit Court of Appeals, a court of "competent jurisdiction". Then he will be able to freely discuss the identities of the Pre Merger Syndicate, and their anti-company deals, without losing the company. The reasons for these tactics can be seen in the definitive 14C and contract terms with the "sellers". This is why so much emphasis was being placed on Desormeau and his 63 billion shares. There are others.
OK, I see where you're coming from. Can't say I agree, I think Upside's arguments on how this should have been handled put forth a better plan. But I understand what you are saying.
But why would the company promise the documents for the accountants, and then never deliver? And why keep saying they were "close" or "days" from filing when the testimony was that it would take months even if they had all the information "on a silver platter" immediately? Was this all smoke screen? If it was, then now they are not only on the block for non-compliance, but for outright lying to the public, which to me is a very serious charge and would risk landing corporate officers in jail.
-------------------- 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 Posts: 752 | From: Springville, Utah | Registered: Jan 2004
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posted
Gator, I think Desormeau was trusted by Urban and the rest until Roger Glenn came on board. I believe he found out what was going on behind the scenes, and which insiders were trying to naked short the company into oblivion by using their restricted shares as collateral. I also believe that he accumulated the records and began moving toward filing last fall, before the party, and began excluding Desormeau from information while they completed the financials. I still think they are done, and being held back.
As they were nearing completion, and preparing to file, the SEC jumped on USCA as a means of getting information on UC and CMKX. That's why he took the fifth back then. Same reason as now.
They were in fact ready to file when this occured and I think the SEC knew it. The CMKX hearing showed that Roger Glenn had been communicating with the SEC on filing the 15a for some time and was attempting to get us compliant. When he found out that the SEC was coming after CMKX and that the negotiating with them was over, he stepped aside for the pit-bull Maheu to take over with Stoecklein, to do the dirty work. Remember Roger has friends in the SEC and I am sure he would like to still have them when this is over. Plus he would have ended up in a conflict of interest since he still represents USCA.
So were they lying about be being ready to file? I don't think so. I think the SEC was not ready for us to file. They knew the extent of the NS and they knew what a run could do to the US market economy. All IMO
Posts: 2375 | Registered: Nov 2004
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posted
If this company is shorted to the tune of trillions, there's only one reason for it, they deserved it. If you were going to short the snot out of a company, how are you going to decide which one? Choose at random? Throw darts? Flip a coin? No, you're going to go after those that make a target of themselves and CMKX was the biggest target ever seen. There is no company here, they saw it for what it was, a share selling machine that they could short into oblivion and never worry about covering. Believe me, if it was shorted like some say, whoever was behind it did their homework and made damn sure there'd be very little risk involved. If it's true, they did a very good job of it and they won, hands down.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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GatorMan, very, very well said below. No need for forgiveness....understandable.
"Now I've only read about 250 pages of the testimony (all the governments witnesses) but what I see so far is a company that had no intention of filing, and indeed had absolutely no internal accounting whatsoever! I know others have been saying this all along and I hope they will forgive me in that until I see something official and reliable I try to withhold final judgment. I'd say testimony in a court of law is pretty official. And any NSS or fantastic valuation claims I've heard so far do not fall under the "official and reliable" category."
legal: "So he forced their hand to take action by filing the 15a and then Maheu got right in their face in his PR to them, just to make sure they took action."
W: Stoecklein forced absolutely nothing ! Maheu got right in their face not knowing a damn thing about the company? Come on, man.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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posted
And I got a bridge I can sell ya Wallace. You really so naive as to believe that Maheu knew nothing about CMKX, having been involved since, at least, the 2003 Crystallix deal?
Posts: 2375 | Registered: Nov 2004
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quote:Originally posted by Upside: If this company is shorted to the tune of trillions, there's only one reason for it, they deserved it. If you were going to short the snot out of a company, how are you going to decide which one? Choose at random? Throw darts? Flip a coin? No, you're going to go after those that make a target of themselves and CMKX was the biggest target ever seen. There is no company here, they saw it for what it was, a share selling machine that they could short into oblivion and never worry about covering. Believe me, if it was shorted like some say, whoever was behind it did their homework and made damn sure there'd be very little risk involved. If it's true, they did a very good job of it and they won, hands down.
I agree they appeared to be a prime target for naked shorting as they kept increaing their AS dramatically. But truth is, if they hadn't UC would have lost his controlling interest to the "bad guys". It was those increases that kept him above 51% control.
Posts: 2375 | Registered: Nov 2004
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posted
I'm sure UC was aware of the shorting, I'm equally sure he didn't care about it, in fact, he more than likely encouraged it.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by legaleagle: And I got a bridge I can sell ya Wallace. You really so naive as to believe that Maheu knew nothing about CMKX, having been involved since, at least, the 2003 Crystallix deal?
legal, you have already bought that bridge! And, what you are saying is that Maheu lied at the Hearing. Honorable, straight and true Maheu?
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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posted
Legal, just who are you? Where do you get your info? Are you an insider? Is your brain rolling around loose inside your head? Do they put you in a rubber room with a straightjacket on at night?
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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quote:Originally posted by ed19363: Legal, just who are you? Where do you get your info? Are you an insider? Is your brain rolling around loose inside your head? Do they put you in a rubber room with a straightjacket on at night?
The second question is a very good one. Just were does this information come from? I wouldn't have added the last two, though.
-------------------- 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 Posts: 752 | From: Springville, Utah | Registered: Jan 2004
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Not to worry, he'll shake it off. Legal seems to have pretty broad shoulders. I've seen him take a lot worse than that and come back. Matter of fact, it seems to make his reslove even stronger.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by Upside: Posted by GatorMan:
quote:I wouldn't have added the last two, though.
Not to worry, he'll shake it off. Legal seems to have pretty broad shoulders. I've seen him take a lot worse than that and come back. Matter of fact, it seems to make his reslove even stronger.
I just like to see things stay civil.
-------------------- 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 Posts: 752 | From: Springville, Utah | Registered: Jan 2004
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posted
Legal, So your saying that Mahue took the witness stand in front of a Judge and flat out lied that he knew nothing about the company. That he risked his own honor to cover up for CMKX. Thats the most garbage that I have ever heard. Its called perjury and I don't care who you are they will put the cuffs on you for that. Mahue isn't that powerful. You have made UC and Mahue out to be gods that no one can touch and they are going to save you from the evils of the market place. A pink sheet stock ran by a man from his home that meets his business partners at slot machines. The bullchit has got so deep that boots to your neck aren't going to keep you out of it.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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