quote:Originally posted by Ric: 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.
When you are old, it is easy to forget. LOL Maheu is a batlle hardened veteran of the courts. Wouldn't want anyone else right now.
Posts: 2375 | Registered: Nov 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.
Seems like I just answered that question last night.
Posts: 2375 | Registered: Nov 2004
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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.
Up, you know me pretty well.
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posted
Gator, there are two ways to approach this stock. One is the "negative" approach. We have several posters who have opted for that direction. The other of course is to approach from a "positive" direction. Most times, I am the only one here taking that approach.
But I will tell you this from a long time as an investigator, that the "true" path extends much farther than the "false" path, because the evidence is stronger and better on the path to the truth, and reveals much more fact than the wrong one.
So the question "where do I get this stuff?" the answer is simple: From following the right path.
So if UC really is a good man at heart, then you start with that assumption and proceed to collect evidence. That's what I did. It led much farther than the assumption that he is an evil man. If you start with that you can only proceed so far. As an example, both sides pursued Desormeau and found he was sort of a shady character. The negs draw the conclusion that he is just part of the "evil" conspiracy being carried out by Urban. And they stop there and simply use that piece of evidence in their arguments.
If you proceed from believing that UC is a good man, then you go looking for the reasons about why a guy like Desormeau would be in the organization. You find out who put him in his position. You find out how much stock he has control of and what he did with it. You find out what his "other" business connections are, and what they have been involved in, in the past. Those leads take you even futher. And finally the puzzle begins to take shape, and then accelerates with each new piece of information.
[ June 23, 2005, 18:25: Message edited by: legaleagle ]
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Interesting, from Pedro Interesting information on the CMKX O/S! « Thread Started on Today at 11:08am »
-------------------------------------------------------------------------------- Found some information that is very interesting.
Within the Hearing Transcripts and the OG Brief there is some very important information that concerns the O/S of CMKX.
OG Closing Brief; Page 7; 3rd Paragraph ….. When Mr. Desormeau responded to Neil Levine’s request for records, the response was on the letterhead of a company called Business Works. (Exh 26) Business Works received 63 billion shares of CMKX stock in 2003 and 2004 according to the master shareholder list. (Exh 14) By August of 2004 all stock belonging to Business Works had been sold or transferred out of this company…..
Business Works, Inc., a Nevada Corporation, is owned by Mr. DESORMEAU and his wife.
Hearing Transcripts; Page 108; Lines 7 – 10 ”Would it surprise you that Mr. Edwards would own some companies, some LLCs or some companies that might have a substantial stock position in this company?”
When doing a Nevada Corporate Search by Directors, there are quite a few Corporation recordings under the names of DAVID DESORMEAU and JOHN EDWARDS.
There is also another name that should be recognized: BRIAN DVORAK
DAVID DESORMEAU ~~~ 17 Companies JOHN EDWARDS ~~~ 27 Companies BRIAN DVORAK ~~~ 40 Companies
Hearing Transcripts; Page 146; Lines 17 – 21. ”So is there any way to tell from Exhibit 13 how many shareholders of record – and I’m talking shareholders of record, not shareholders – how many shareholders of record there are or were as of July 22nd, 2003?”
A few pages later we have:
Hearing Transcripts; Page 148; Lines 16 – 19 ”Then we have the outstanding shares. Well, if you take the issued and the surrendered, you get the outstanding, which at that time was 17,819,890,000.”
The Transfer Agent testified that as of 07/22/2003, the O/S of CMKX was 17.8 Billion Shares.
Let’s look at the CMKX Press Release on Retired Shares.
Press Release; 12/17/2003 ” LAS VEGAS, Dec 17, 2003 /PRNewswire-FirstCall via Comtex/ -- Casavant Mining Kimberlite International (Pink Sheets: CMKM) announced today that the company has officially retired 16,520,477,200 shares of CMKM stock back to the Treasury.”
If we know the O/S as of 07/22/2003 was 17.8 Billion Shares and then on 12/17/2003 CMKX retired 16.5 Billion Shares ~~~ What would be the O/S of CMKX as of 12/17/2003?
Press Release; 1/9/2004 ”LAS VEGAS, Jan 09, 2004 /PRNewswire-FirstCall via Comtex/ -- Casavant Mining Kimberlite International (Pink Sheets: CMKM) announced today that the company has approved the retirement of an additional 1.8 billion shares of CMKM stock.”
If we calculated that the O/S as of 12/17/2003 was 1.3 Billion Shares and then CMKX retired an additional 1.8 Billion Shares ~~~ What would be the O/S of CMKX as of 01/09/2004?
(1,299,412,800) – (1,800,000,000) = Zero (0)
There is limited information as to determine the correct O/S as of 12/31/2003. But we know that the O/S as of 07/22/2003 was 17.8 Billion Shares.
It appears as if UC had repurchased and retired 100% of the entire O/S and the Float was zero (none) sometime prior to 12/31/2003.
Was UC planning on taking CMKX Private?
On 08/20/2004, the Record Date of the USCA Stock Dividend, the CMKX O/S was 779.6 Billion Shares. (7,500,000) / (0.00000962) = 779,625,779,626
I do not know what happened from 12/31/2003 through 08/20/2004. Or for the skeptics out there, 07/22/2003 through 08/20/2004;
But somehow, someway, 779 Billion Shares of CMKX was diluted into the Markets within 8 Months (or for the skeptics, within 11 months).
It appears that Stoecklein and Frizzell know exactly how the CMKX O/S accumulated to 703 Billion Shares. And we are starting to see how many flies are caught in the Spiders Web!
posted
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.
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legal, check into rehab. either your posting this horsechit to try & push a few buttons or your smokin crack. what your saying is amost everyone in that court committed perjury except UC. now there's an honest guy for ya. he couldn't go along with lying in court so he took the 5th. how many yrs after cmkx is revoked do ya think you'll have to wait??? maybe by the yr. 2010??? will ya let reality sink in then? i think if i told this stuff to my 18 month old grandbaby she would laugh for a week. she can't talk yet but she would understand cmkx is toast & its shares will be worthless in 21 days.
-------------------- "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
as always the pro board leaves out the most important piece of info. UC was the only 1 that could sign the issue of shares. no way thats too easy, it needs to be twisted..ok DAVID DESORMEAU had to forge UC's signature to issue...no wait UC's wife was having an affair with DAVID DESORMEAU & since she was signing checks it must have been her.
-------------------- "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
Well, wife had another allergic reaction to some medicine. They gave her something and let her go home even though they really wanted to keep her. She is doing better but still a little jerky.
quote:Originally posted by Upside: Everything go ok at the hospital Ric?
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
Okay, I'm done arguing. Legal's "facts" are so far out I cant comprehend where they come from. So I will wait and see what the judge says. Meanwhile, my 22M are for sale at .0001. Not worth it to sell at less than that. And as far as the divvies are concerned, they will probably become worth less than it would cost to sell them. No more pennies for me....I'd rather get rich slower than not at all.
-------------------- 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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Joined: Aug 2004 Gender: Male Posts: 4,416 Location: South-Central Pennsylvania FWIW: Talked with a trader from WTC again « Thread Started on Today at 10:26pm »
-------------------------------------------------------------------------------- Thinking about it, I am amazed at myself for not asking him more about what it was like after the plane hit. But he's as interested in CMKX information as I am in discovering a little bit of what it was like on the other side of the trading table.
He was particularly interested in learning which MMs are doing the heaviest trading of CMKX...which I really didn't know, except to mention NITE and JEFF were two I had heard about. (Couldn't remember others, and I don't have level 2)
He told me naked shorting is a way of life since the "dot com" bubble burst. That traders had to find some way to keep the incomes high, no matter what. He said in particular, there was little doubt that with the amounts CMKX had been trading, that it had to be "oil money" funding the shorting. He knew one guy in particular who worked on the floor that took the plane's direct hit, who did such trading for people from such a country. Although the guy never missed a day of work, that morning, he didn't come in, but took his child to school instead. (quite a coincidence) Private speculation is he was warned by his trading customers.
Anyway, we talked a lot about how typically, these "Pigs" (as he called them) will target a micro-cap that has the profile of a scam or not profitable looking organization. They will pump the stock like it's the next Microsoft, then sell short until it's in the sub-pennies...and hope they just go belly up. (sound familiar?)
He mentioned some high profile corporations that are no longer with us, that they did the same thing to. He said these guys are brazen, greedy and just plain pigs. They make money off the customer by selling shares to the customer at a higher price than what they can buy the shares for, and either pocket the difference, or buy shares for themselves. It wasn't uncommon for these brokers to pocket a thousand dollars or more per day. The customer didn't mind, knowing what was going on, because although they had money skimmed off bu the broker, the customer still made a killing...so what's there to complain about?
I wish I could remember all that he said, comparing his former life with what is happening to us. But he did say, the scheme the MMs are trying will work every time, unless the company they choose to short is indeed a viable company. If the company has the goods, the brokers typically see it quick enough to get out with minimal loss.
This guy said further, that if CMKX does indeed have the goods I was describing, mineral rights surrounding Debeers, several JV companies, cash flow, etc, then there's not much the MMs and hedge funds can do to kill us. He looked at me in the eye and said if CMKX really does have the goods, I'm going to be a VERY rich man, VERY soon. (the fact that the shares traded is dropping so significantly low is the prime indicator)
I wouldn't be surprised to see him coming to this board soon and introduce himself. I told him how to find us. He was more interested in getting with his broker and buying a few million shares (and convert to certs immediately). Another point he made: certs are the best thing we can do to protect ourselves, no matter what happens with the hearing.
He also said he thought it was incredible that the shareholders were so united in our fight against the shorters. He'd never seen or heard of such a fight against the establishment. His bottom line assessment: we're going to win this, and the oil money is going to take it on the chin.
My thoughts: Which country did most of the hijackers on 9/11 come from? The same country that controls OPEC...the same country that claims to be our (USA) friends, yet lets crude get to $60/bbl. Who is the likely country funding the terror movement? All questions have the same answer Saudi Arabia.
Could it be us little ol CMKX cult is going head to head with the Saudis?
Once again, I have had confirmation that the way to go to protect ourselves is to get certs...and run the TA out as soon as we can.
Today, I had two independent confirmations on how it's not "if", but "when" for us to achieve our desired outcome. The guy from the WTC, and from Dr D.
Now, as a disclaimer, re-read the title of this thread...FWIW means for what it's worth! I did not give the guy's name on purpose. Everything he told me could be just so much smoke blown up where the sun don't shine. There is absolutely no reason to give him any more credence than Accadacca or Willy wizard.
But a week ago, he overheard me talking with someone else about CMKX, and HE started the conversation. The things he told me are really interesting, and quite a coincidence for our situation. The "oil money" connection he mentioned today really got my interest. There IS enough money for a cover if the source of the money is true!
Oh, and one more thing from him...the spike we saw to .08, or .8, was probably intentional, to trigger market sells. Just a way of shaking a few shares loose, also indicating a cover is underway. He said expect a bunch of these to happen, progressively higher, but only for a very short time. We'll never get ours sold like this...but it will be giving them a chance to cover unless you have a stop limit on your GTC order.
He said a few times, with the shares I have, I'm going to be a rich SOB with the current situation. I hope he gets to buy in like he said he was planning to do. Then he'll be richer than he seems to be already. I wonder how it'll feel being on the other side of the NSS position.
Anyway I digress (again). None of you know me beyond what I post here. I don't know this guy beyond meeting him where I work. It could be all BS, fresh from the bull (or bear, depending on your POV). Take this post for what it is...a report that is not verifiable by any stretch of the imagination. But it does raise a few interesting possibilities, and it certainly has my hopes flying higher than they've been in quite a while.
posted
Legal if your going to repost posts at least don't repost those of absolute morons!!!!!!!!!!!!!
The O/S post you posted two post back is so funny it is ridiculous. Thats right the company would dilute 10 billion shares in 5 months from Feb to July without repporting it but there was no way they did it from July to Dec so those retired shares brought us to a little over 1 billion shares. That is the funnies thing that I have heard in my life. How does this guy even use a computer.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
By: new_to_cmkx 23 Jun 2005, 10:36 PM EDT Msg. 1009616 of 1009661 (This msg. is a reply to 1009605 by new_to_cmkx.) Jump to msg. #
Explaination of CMKX 1 Trillion Share Naked Short below:
Sure you and 100 of your closest buddies might have 100M shares of CMKX each...But they are not real. The o/s is "single digit Billion" and unless you bought some of the first few Billion shares sold in "CMKI" 2 years ago or have Certificates for your shares, then know this...You got Fake "Naked Shorted Shares".
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there is that cmkx math again...lol...30 billion certs in the OG...350 billion in NOBO yet the o/s is single digit billion. there has to be a lot more then kool-aide on that brain.
-------------------- "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
Thats the same guy that thinks CMKX has revenues from Ecuador to. None of these people want to read the transcripts except for what they want to here. And everyone else lied on the stand. Thats right. They got everyone to lie in a courtroom in front of a judge.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
what are the odds that the volume we see is mostly buys. i'm sure the cult is buying 100 million a day but who else could possibly be buying? if nothing else, after the transcript came out the lurkers that had some small hope must have lost it. i'm sure there are 20,000 shareholders that bought & look every few months to see if there's is any pps change. i'm guessing the last month has been a much higher % sell then buy. which means any NS is decreasing. look at the OG numbers, they decreased for the second phase thing.
even the trillion share thing is looking bad. phase 1 had an average per bagholder of 56 million shares. the OG brief added 5000 bagholders & the average dropped to 43 million. that extra 5000 had an average of 28 million shares. not all bagholders with 28 million shares would be as bitter as Ed...lol they might just fax in an account statement. they have to equal a total of 14.2 million per holder to equal the a/s. if 10,000 ppl have 2 million shares the average drops to 23.1 million. if they can hold that average & 56,000 ppl still hold shares july 15th they can prove a 500 billion naked short but i'll bet a large number of ppl get out or have gotten out in the last few weeks.
-------------------- "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
Can't believe very many people would get out at $40 per million. It's worth that for a "lottery ticket" and a front row seat at the "stock play of a lifetime".
Posts: 2375 | Registered: Nov 2004
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posted
You realize, dont you, that the people who are making the money on this stock are counting on people like you who are greedy enough to stay in this stock so they can soak you dry. And that is exactly what is happening.
-------------------- 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 legaleagle: Can't believe very many people would get out at $40 per million. It's worth that for a "lottery ticket" and a front row seat at the "stock play of a lifetime".
Wouldn't the lottery ticket give you better odds of getting some money back?
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
legal: "...and a front row seat at the "stock play of a lifetime"..."
W: legal, what it really is, is the "learning experience of a lifetime". There have been so many aspects of the market and trading discussed on this thread that it is incredible. Anyone, novice or otherwise, has been well served in the educational sense. There, I applaud everyone, including you.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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posted
SUPPORT GROUP= POST CMKX STRESS SUPPORT GROUP
I am going to start up a support group for those who are suffering from CMKX Stress Syndrome associated with money loss, related to Urban et al scams.
Fee to join: $25.00 that seems to be the going fee for this stock.
Participants need to go cold turkey on the kool-aid and can have online counselling to help ease their feeling of anxiety related to being scammed of their earnings and savings.
Legal you will have to pay alot more because your case is very severe and I am not sure that we can get you back to reality
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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Where do I send my money? Will you accept an equal value in CMKX stock? LOL
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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Nordic Diamonds Ltd. (NDL: TSX.V), ("the Company or Nordic") wishes to announce that a drilling contract has been signed with regard the drill testing of two magnetic targets on its Saskatchewan Diamond Project. Drilling is anticipated to start approximately June 13, 2005.
The Saskatchewan Diamond Project is an option agreement with Adamas Minerals Corp. and Nordic, whereby Nordic can acquire an undivided 75% interest in mineral claims covering 1168 hectares encompassing three kimberlite targets known as Brockington, Target 17, and Swan 4, located in the Fort a la Corne and CandleLake regions respectively, in central Saskatchewan.
The Brockington claim is located 13 kilometers south of Shore Gold's Star Kimberlite and has a distinct airborne and ground magnetic signature characteristic of kimberlite bodies found in the region. The claim is situated in an agricultural district and access is via an all weather grid road. Target 17 is a magnetic feature situated approximately 40 kilometers north of the Fort a la Corne kimberlite cluster, occurs in a low swampy area and is located about three kilometers from an all weather provincial grid road. Target 17 is located 9 kilometers south of kimberlite 29/30, a previously discovered diamondiferous kimberlite currently being evaluated by Great Western Diamonds Corp. The Swan 4 target is located immediately south of East Trout Lake, and about 40 kilometers east of Montreal Lake. This target is a large irregular magnetic feature measuring about 1.2 kilometers across and is transected by an all weather provincial grid road.
The Brockington and Swan 4 targets will be tested in the current drilling program. The third target, Target 17 will be tested when ground conditions firm-up after freeze-up.
Walter Melnyk, P.Eng., President of Nordic Diamonds Ltd., is a Qualified Person as identified by NI 43-101 and is responsible for the design, implementation and quality control of the Company's exploration programs.
ON BEHALF OF THE BOARD OF DIRECTORS NORDIC DIAMONDS LTD.
"W. Melnyk"
Walter Melnyk, P.Eng. President and COO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Safe Harbour Statement: The Company relies upon litigation protection for "forward-looking statements".
You can view the Next News Releases item: Wed Jun 15, 2005, Drill Program Commences On BRSC Property, Nunavut
You can view the Previous News Releases item: Wed May 4, 2005, Contract Announcement
You can return to the main News Releases page, or press the Back button on your browser.
posted
can anyone find a cmkx pr explaining drill targets the in-depth? i dont remember seeing 1. read that article on the debeers project. $30 million a yr exploring. $1 billion to build the mine & they won't even decide till 2008. your telling me UC has that much cash left from the 703 billion shares sold to get to the mining point? the best shot CMKX ever had was to NOT DILUTE from day 1, actually drill test holes, get them valued correctly then sell enough to bulk mine any good spots then test that then sell if its a good strike to debeers. those 703 billion shares are gone to the company. no more cash coming from them. once revoked the only way you get any cash is UC sending you a check, that is if he ever finds any value. i wouldn't hold my breath if i was a shareholder on UC sending chit.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:Originally posted by bill1352: can anyone find a cmkx pr explaining drill targets the in-depth? i dont remember seeing 1. read that article on the debeers project. $30 million a yr exploring. $1 billion to build the mine & they won't even decide till 2008. your telling me UC has that much cash left from the 703 billion shares sold to get to the mining point? the best shot CMKX ever had was to NOT DILUTE from day 1, actually drill test holes, get them valued correctly then sell enough to bulk mine any good spots then test that then sell if its a good strike to debeers. those 703 billion shares are gone to the company. no more cash coming from them. once revoked the only way you get any cash is UC sending you a check, that is if he ever finds any value. i wouldn't hold my breath if i was a shareholder on UC sending chit.
Naw, it's easy to sell more shares without upping the A/S. Just do a reverse split and sell them all over again. Yes, I know, UC promised no R/S. Just like he promised the filings were going to be filed any day. Then again, maybe saying there will be no R/S is part of the strategy.
-------------------- 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
I have been waiting for MONTHS for a R/S. IMO its the only thing bad that hasnt happened yet. Once it's revoked it doesnt matter anyway. 100 worthless shares is the same as 10 million.
-------------------- 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:100 worthless shares is the same as 10 million.
Depends on what you're going to use them for. 100 shares will get you many fewer "wipes" than 10 million would. With only a hundred shares, you'll be shopping for toilet paper again in no time.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Revocation: At the Heart of the Plight Faced by Eagletech Communications
Revocation is one of the most severe penalties that can be administered to a publicly traded corporation by the Securities and Exchange Commission. This action can be taken on a variety of fronts, stemming from a company’s fraudulent business practices, or on the basis of not being current on financial reporting requirements. The effects of a revocation would be immediately disastrous as any credibility of the organization would be destroyed in the light of regulatory action. Additionally, the impact on a small and developing company attempting to finance their business model through the public equity market, revocation could mean closing down operations.
In the case of Eagletech Communications Inc. (PinkSheets: EATC), a provider of a local access virtual telephone system for small businesses, the Commission set up an administrative proceeding to determine “whether the registration of Eagletech's securities should be suspended or revoked.” This comes as a result of Eagletech’s inability to keep the investing public up to date with current financial information pertaining to the company. Justified in their actions, the SEC was taking the absolutely necessary steps because every investor should be provided with accurate and timely financial information to make informed investment decisions. According to the SEC, the “reporting requirements of the Exchange Act is the primary tool which Congress has fashioned for the protection of investors from negligent, careless, and deliberate misrepresentations in the sale of stock and securities.”
In response to the potential revocation or suspension of its securities, Eagletech admitted that it had failed to file periodic reports with the SEC even as they offered an affirmative defense. In its defense, the company believes that “criminal conduct by third parties in connection with the trading of its securities caused its failure to file.” To support this argument, Eagletech presented evidence of the alleged criminal conduct. The company noted that in November 2001, Eagletech filed a lawsuit in the Broward County, Florida, Circuit Court against forty defendants, alleging common law fraud, conspiracy, illegal conversion of property and racketeering.
In an exclusive interview with Ant & Sons, Rodney E. Young, chief executive officer of Eagletech Communications, believes that “the case would be ready for trial in one year.” Furthermore, in an Administrative Prehearing Conference, Young stated that “a jury award would generate enough money to bring Eagletech's periodic filings current and allow it to implement its business plan.”
Young, an ardent protector of shareholder rights, told Ant & Sons that he believes potentially thousands of companies are facing extinction from the public equity markets due to this type of criminal conduct. He claims that numerous small publicly traded corporations, which are prime targets for abuse, are being “manipulated out of business.”
However, Eagletech was dealt a blow on June 7, when Administrative Law Judge James T. Kelly, ordered that the “registration of all classes of the registered securities of Eagletech Communications, Inc., [be] revoked pursuant to Section 12(j) of the Securities Exchange Act of 1934. The initial decision concluded that “Eagletech's violations are egregious and ongoing,” due to the fact that Eagletech has “failed to file three audited annual reports and nine quarterly reports over a period of more than three years.”
Yet, Rodney Young still has faith that the truth will be known, because he has taken into account the extraordinary amount of evidence Eagletech has compiled against the criminal conspirators in the U.S. District Court. This includes evidence from a ruling of the Supreme Court of the State of New York, wherein the DTCC was compelled to produce the company’s trading records. With an appeal soon to be filed by Eagletech, the company still has a glimmer of hope as there appears to have been a small loophole left in the initial decision. The judge stated that the policy argument of the short selling in Eagletech shares, as evidenced by the criminal short sellers, should be addressed and indicates that the Commission would again have to take a closer look at the dilemma. With this in mind, it may turn out to be a “long drawn out process,” says Young. Yet he feels confident about his company’s future and is hoping to create a “domino effect” that would lead to other companies standing up for their rights and asking for justice.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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quote:The effects of a revocation would be immediately disastrous as any credibility of the organization would be destroyed in the light of regulatory action.
No worries there, happened long ago.
quote:Additionally, the impact on a small and developing company attempting to finance their business model through the public equity market, revocation could mean closing down operations.
Nope, fruit roll up.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
notice how the company CEO is all over the NS, notice how the company CEO has lawyers too, notice how the company CEO is telling ppl something. notice how the shares are worth NOTHING!!!!! pro board is all happy, somebody bought shares today & it cost .0001...the pps is going up. another lost soul was hoping for .00007, another has averaged down to .00008 something from .0004. i guess Will got his wish...they are buying all they can still. i think a few of these ppl are going to have themselves committed when reality sinks in...buying this POS after the hearing & after reading that transcript. it does put a good light on businesses in this country, hiring the mentally handicapped so they can buy CMKX.
-------------------- "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
I was reading on PB were someone said they sold there entire retirement plan to buy more CMKX. They put there last dime in this. Shoot I wouldn't put everything in the best company in the stock market. You never invest everything into one stock. Diversity is what made millionares in the market. But to throw it all in a longshot just because you have a feeling. I did me DD, roflmao. Not sure what these people call dd but I call it having knowledge about a company including its financials, share structure, business model, and other important thing like that. Something that proves not a theory or a guess that this is a real company with real income. But here people are putting everything into a pipedream. No real knowledge because the CEO refuses to release real information. And people wonder why there are those that oppose Bush's Social Security plan.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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