posted
Don't forget the "we are close to reporting" lies all last year. The 400 billion share lie. Meeting people at the slot machines and being at the race track almost every week blowing the investors money. The problem is there is no support from the cult that this is anything but a scam. All you can offer is theories with no facts and unexplored claims and worthless divy's don't mean anything.
quote:Originally posted by bill1352: legaleagle Member
Member Rated: posted June 29, 2005 21:20 -------------------------------------------------------------------------------- It has nothing to do with positive / negative theories, DD etc. It has to do with publicly accusing someone of a crime. If you do that, I would think, at a minimum, that you want a link to support that kind of charge or insinuation.
==========================================
i think that support is in the transcript from court. lets see 360 shareholders, doesn't call t/a...oh ya lets not forget the 5th being used.
-------------------- Invest with your brain not with your heart.
IP: Logged |
posted
The Plan: 1) Get an authorization for 50 billion shares. 2) Release 50 billion shares at .0001 per share 3) Pocket the 5 million and bail on your court date. 4) Win.
-------------------- As a forum poster, it is ironic that you are held to a higher standard than a Pink Sheet CEO.
IP: Logged |
quote:Originally posted by g-invest: The Plan: 1) Get an authorization for 50 billion shares. 2) Release 50 billion shares at .0001 per share 3) Pocket the 5 million and bail on your court date. 4) Win.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
IP: Logged |
June 30, 2005 (FinancialWire) The Wall Street Journal, a publication of Dow Jones (NYSE: DJ), has editorially joined the parade of detractors who believe that U.S. Securities and Exchange Commission Director of Market Regulation Annette Nazareth should not be promoted to sit on the SEC itself.
As FinancialWire reported May 19, Nazareth had been quoted in February in the New York Times as “doubting” that threshold companies such as Overstock (NASDAQ: OSTK), Martha Stewart Living Omnimedia (NYSE: MSO) or Novastar Financial (NYSE: NFI) were being “manipulated,” and that victims of illegal naked short sales are simply people who want their “stocks to go up.”
She had said those who complain of their losses to illegal trading activity have an attitude that “it’s a criminal conspiracy when stocks move the wrong way, and the government should do something about it.”
“What is criminal,” said one who believes Nazareth’s appointment, so far championed by U.S. Senators Charles Schumer (D-NY) and Harry Reid (D-NV), would be disastrous for small investors who someday expect justice and a fair playing field in the markets, “is that someone could be in a position of authority at all with this kind of anti-investor attitude.”
According to the Journal, “The Bush administration could start (reform) by making clear that it has no intention of promoting Annette Nazareth, the current director of market regulation and a policy ally of Mr. Donaldson, to one of the two Democratic SEC Commissioner slots. That would be one small step toward restoring the agency's respect for the rule of law.”
Recently a stock transfer agent, Transfer Online Inc., had asked SEC Chair William Donaldson to put a stop to the control the Depository Trust & Clearing Corp. and Automatic Data Processing (NYSE: ADP) are fast gaining over the transfer business, and to demand DTCC transparency.
Excerpts from the letter, posted at http://www.faulkingtruth.com/Articles/LettersToEditor/1012.html , states: “Over the years as the amount of shares held at DTC has increased it has become more and more difficult to determine who owns the shares, who is trading them and if the trading is proper. This trend, and the resulting problems I will detail below, continues to increase because a minority of the total number of shareholders are reflected on the books and records of the corporation, most activity takes place behind the wall of ownership that is designated as Cede & Co. and neither the company nor the transfer agent has any access to the underlying information.
“Furthermore, DTC recently managed to put through a rule change (Release No. 34-50758A; File No.S7-24-04) that prohibits a transfer agent from representing any company who seeks to withdraw from the DTC system. This change effectively leaves companies with no voice or choice in the management of their stock and their ability to have any transparency as to what is actually taking place in the market in regard to their stock.
“I receive calls from companies seeking information as they watch millions of shares trade in a single day, who watch their share price decrease in value and who have no access to information regarding who is behind the trading of these shares, or if in fact the trades are at all legitimate. As the system now operates, most companies have a large percentage of shares on their books registered to Cede & Co.
“Given the importance of shareholder voting and communication one would assume that the same requirements placed on transfer agents as to accuracy and reporting would be placed on ADP and Cede & Co. as they usually hold or service the majority of the shares owned in any given company.
“I have found; however, that when presented with the tabulation reports from ADP the share totals they report sometimes exceed the total number of shares outstanding for the company. Let me restate this because it is a very important part of my concern about a system that is more and more headed in the direction of increased control by DTC. The shares presented by ADP, that are the shares voted by the brokers on behalf of the shareholders for whom they hold accounts, EXCEED when added to the shareholders of record the total number of shares outstanding.
“Where are these extra shares coming from? Why are there no controls on the number of shares held in the nominee name Cede & Co. vs. the ownership on the books and records of the brokers and why is the company not privy to any information unless it pays whatever fees it is told it must pay by the organizations that control the data?
“In fact, as the system is evolving, DTC is de facto becoming the largest transfer agent in the industry even though it is an organization formed by and working for the interests of the brokerage community. If, ultimately, the S.E.C. is in place to protect investors then this issue can not be ignored because in the end when the market is completely under the control of the brokers and the organizations that represent them then the market can neither be transparent nor fair.”
In other Stockgate news, Senator James Talent (R-MO), has joined U.S. Senators Richard Shelby (D-AL), Susan Collins (R-ME), Robert Bennett (R-UT) and Richard Durbin (D-IL) in questioning U.S. Securities and Exchange Commission Chair William Donaldson about what they call the “failure” of Regulation SHO to curtail unlawful, predatory securities trading.
The current Senate line-up carries significant heft. Senator Collins is chair of the Homeland Security and Governmental Affairs committee, Senator Shelby is chair of the Senate Banking Committee, Senator Durbin is Assistant Democratic Leader and Senator Bennett is Republican Whip. The Senators’ letters are posted at http://www.americaneedstoknow.com
“Stockgate Today” publisher David Patch said that the Senators have 23 good reasons, citing that many companies, including Martha Stewart Living Omnimedia (NYSE: MSO), Delta Air Lines (NYSE: DAL), Krispy Kreme (NYSE: KKD) and Netflix (NASDAQ: NFLX), that remain “not settled” on the official threshold lists maintained by the New York Stock Exchange and Nasdaq five months later.
Patch said that most of the 23 companies hardest-hit by unlawful stock manipulations in full sight of market regulators, including those at the SEC, such as Annette Nazareth, head of market regulation, who belittles complaints as coming from those who “want to see their stock go up,” have had double-digit declines in stock valuations over the 94 days they have been on the highly-public list.
He also noted that in the March, 2005 Euromoney Magazine article on illegal naked short selling, Head of Market Regulation Annette Nazareth’s assistant, James Brigagliano said that prior lawbreakers were “grandfathered” because “we were concerned about generating volatility where there were large pre-existing open positions, and we wanted to start afresh with new regulation, not re-write history.”
“So does Ken Lay, but he can’t,” retorted Patch.
This disputed “grandfathering” has not yet been taken up by Congress, but the 23 companies on the threshhold list for over days are new transgressions, and presumably they can’t be dealt with either because Nazareth and Brigagliano are concerned about “generating volatility.”
Also, in a blockbuster event almost equal to the mysterious “postponement” of the announced expose of the Depository Trust and Clearing Corp. by General Electric’s (NYSE: GE) “Dateline NBC,” the U.S. Securities and Exchange Commission has inexplicably given the DTC’s National Securities Clearing Corp. “immunity” in the form of limited liability for willful misconduct or violations of Federal securities laws.
These and other events, including the proposed nomination of Director of Market Regulation Annette Nazareth, who has characterized opponents of illegal market manipulation as people “who just want their stock to go up,” to become a Commissioner, is providing more and more fodder for the organizers of public demonstrations and lobbying in Washington June 6 and in New York June 7. The organizers, who are filming a documentary, say demonstrators now number over 600.
Some legal experts are questioning whether the SEC, without the approval of Congress, has the authority to limit the NSCC’s liability. There have been similar questions about the SEC’s authority to unilaterally “grandfather” securities violations prior to Regulation SHO.
The new regulation is sure to be litigated since the DTCC and the NSCC were the subject of lawsuits claiming their “stock borrow program” is illegal counterfeiting, prior to the rule approval by the SEC.
The DTCC has also admitted to interfering with the media in impacting the distribution of FinancialWire on Yahoo (NASDAQ: YHOO) and elsewhere through malicious interactions with Investors Business Daily. The “Important Notice” from the DTCC regarding the NSCC demonstrates that the entities are a “self-regulatory organization” under the auspices of the SEC, which ramps up the media interference to First Amendment violations. FinancialWire’s counsel, Marshal Shichtman, Esq., is returning to the U.S. today and will be reviewing the new evidence.
The DTCC said that the “approved changes create a uniform standard limiting NSCC’s liability to direct losses caused by the NSCC’s gross negligence, willful misconduct, or violation of Federal securities laws for which there is a private right of action.”
In addition, the organization stated, “the changes memorialize an appropriate commercial standard of care that will protect NSCC for undue liability, permit the resources of NSCC to be appropriately utilized for promoting the accurate clearance and settlement of securities, and are consistent with similar rules adopted by other self-regulatory organizations and approved by the Commission.”
The DTCC had asked for the rule December 8, 2004. It is not known how the proposed rule slipped through the cracks on the public and Congressional levels prior to the approval.
The National Coalition Against Naked Shorting stated that the action was sought and approved hastily because “they have been willfully violating securities laws for years, know that it will come out in court, and want to have a piece of paper to fall back on,” adding that it corroborates “the theory that the stock borrow program violates a host of securities laws, that the NSCC knows it, and that they have been counterfeiting stock for years and just now are starting to catch on to the idea that they will get caught.”
Nazareth was quoted in February in the New York Times (NYSE:NYT) as “doubting” that threshold companies such as Overstock (NASDAQ: OSTK), Martha Stewart Living (NYSE: MSO) or Novastar Financial (NYSE: NFI) were being “manipulated,” and that victims of illegal naked short sales are simply people who want their “stocks to go up.”
She said those who complain of their losses to illegal trading activity have an attitude that “it’s a criminal conspiracy when stocks move the wrong way, and the government should do something about it.”
“What is criminal,” said one who believes Nazareth’s appointment, so far championed by U.S. Senators Charles Schumer (D-NY) and Harry Reid (D-NV), would be disastrous for small investors who someday expect justice and a fair playing field in the markets, “is that someone could be in a position of authority at all with this kind of anti-investor attitude.”
In his communication to SEC Chair William Donaldson, Sen. Durbin also contested the claim by the Depository Trust and Clearing Corp., a unit ot the New York Stock Exchange and NASD, that it has no responsibilities under Regulation SHO.
Senator Durbin’s letter to Donaldson appears to sharply contest the Depository Trust & Clearing Corp.’s contention that it has no role in Regulation SHO.
“I am writing to request information regarding the June 30, 2004 Securities and Exchange Commission (SEC) short sale regulation, designated Regulation SHO. On March 9, 2005, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Regulation SHO, in which Chairman Bennett spoke with you about the regulation’s effects on the illegal practice of naked short selling. I thank you for your testimony and I hope that you can follow up on some of my concerns not fully addressed by the Banking Committee hearings.
“I appreciate the efforts of the Securities and Exchange Commission (SEC) to control abusive short selling practices. As a result of Regulation SHO, the names of firms with large amounts of unsettled shares are published on the Threshold Security List daily. This list assists individual investors in making informed decisions about potential manipulation of the market, and gives regulators and investigators a centralized list of firms with significant numbers of undelivered shares. However, it has come to my attention that Regulation SHO may not be curtailing abusive naked short selling practices.
“Several of my constituents have contacted me since the SEC introduces Regulation SHO. They have raised concerns about potential loopholes in settlement regulations. During your recent testimony before the Banking Committee, Chairman Bennett asked you about the ability of brokerage houses to shuttle unsettled shares every 13 days in order to avoid settling the borrowed shorted shares. Due to time constraints at the hearing, the committee did not receive a complete answer. This issue is worthy of a full response.
“Additionally, my constituents have expressed concern about SEC enforcement of Regulation SHO. While the Threshold Security List publicizes securities that might have been manipulated, I am concerned that some securities repeatedly appear on the list. What steps is the SEC taking to investigate trading practices that result in vast quantities of unsettled shares, and to punish those people who violate SEC naked short selling regulations? What is the SEC doing to ensure that the Depository Trust & Clearing Corporation (DTCC) is complying with Regulation SHO, and what actions does the SEC undertake when the DTCC identifies large quantities of shares that have not been delivered?
“It is important that the SEC identify abuses and prevent manipulative naked short selling practices that undermine faith in the market. Thank you for your attention to this matter. I look forward to your timely response,” Senator Durbin concluded.
IP: Logged |
posted
How many times do we have to read the same thing again?
You wanna accomplish something, start a letter writing campaign to have them all fired and start with a clean slate. Congress would be a good place to start (not that they would pay any attention).
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
IP: Logged |
posted
well legal i'd say the battle on NS'ing is heating up. i hope that frizzy can prove 50% or so over the o/s. i'm not sure how that will help cmkx shareholders but if nothing else they can take comfort in the fact they were 1 of the nails in the NSS problem's coffin. this article written on the 26th of june says a lot. it really doesn't matter if the company is a scam like CMKX, a shell like Global Links or a NYSE issue like Martha Stewert it is wrong & the SEC needs to fix the problem. this will never happen until congress steps in & opens the books for all to see.
quote:Originally posted by KonaRide: in an hour...he's only leaving today....right?
Meeting originally scheduled for Friday was moved up to today. Meeting @ 1:15 eastern. Judy Behrens (opti_miss_tic), set up the appt and will attend with him. Afterwards, they will be on Sterling's Paltalk discussing the outcome.
IP: Logged |
posted
I dont think one meeting will solve 70 years of problems, but maybe it's a start. Still think it's too late to help CMKX, tho, unless they come out with a filing to stop the judge from revoking. Am I dense? Am I the only one who sees this? Why the hell doesn't UC file and THEN carry on the fight?
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
IP: Logged |
posted
well i had some idea maybe frizzy was at least trying but going into sterlings room ends that. anyone that has anything to to with that bunch is a lost cause. just more hype & pump.
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
quote:Originally posted by ed19363: I dont think one meeting will solve 70 years of problems, but maybe it's a start. Still think it's too late to help CMKX, tho, unless they come out with a filing to stop the judge from revoking. Am I dense? Am I the only one who sees this? Why the hell doesn't UC file and THEN carry on the fight?
The answer seems quite obvious. The only reason to avoid filing is because it would be "bad" for the filler to do so. Since we have not heard anything about "finances" being the "bad" reason, what does that leave?
I for one don't see the issues of CMKX being tied to the naked short selling issues; maybe adding to it but not the core cause. The facts just don't add up if it is only naked short selling that is the problem here.
As with Enron, it quickly becomes a point of either the leadership was incompetent or criminal in their actions.
-------------------- May your trading build your character as well as your portfolio.
IP: Logged |
quote:Originally posted by bill1352: well i had some idea maybe frizzy was at least trying but going into sterlings room ends that. anyone that has anything to to with that bunch is a lost cause. just more hype & pump.
Sterlings classromm holds 1000 people. It is the quickest and best venue to get information to the masses. The fact that they don't allow unsupported bashing, doesn't make it a "hype and pump" room. I am sure he will also post a report at the shareholders werbsite. Besides, noahltl is an admin there as well, and I am sure he would love to see some of you "bashers" come over sometime. LOL
IP: Logged |
quote:Originally posted by bill1352: well i had some idea maybe frizzy was at least trying but going into sterlings room ends that. anyone that has anything to to with that bunch is a lost cause. just more hype & pump.
Sterlings classromm holds 1000 people. It is the quickest and best venue to get information to the masses. The fact that they don't allow unsupported bashing, doesn't make it a "hype and pump" room. I am sure he will also post a report at the shareholders werbsite. Besides, noahltl is an admin there as well, and I am sure he would love to see some of you "bashers" come over sometime. LOL
Sterling is a pumper. Plain and simple. And I dont go anywhere free Koolaid is given out without the antidote. BTW, the antidote is known in the vernacular as "reality".
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
IP: Logged |
That damn site should never be called a classroom, which suggests learning something. Better to call it a "propaganda room". And Sterling should be one of those, along with Dr.Dementia, Weird Willy, Zen, GreenBaron and certain cult members, who should be prosecuted.
The only reason they want to keep CMKX going is to dump their shares on someone else at a profit. That IS an excellent reason to revoke CMKX.
PS: Re the prosecution, it has to include UC et al as well.
IP: Logged |
quote:Originally posted by ed19363: Dont forget legal/noah/whatever he calls himself this week.
ed,
Note "certain cult members". There are quite a few avid members whose pumping has drawn unknowing people into buying CMKX. Yes, they are just as guilty. In some ways, more so, because of their religious approach to the whole damn thing....and people mistakenly trusted them. That is one thing to which I always strongly objected. It suckered people in with trust.
IP: Logged |
"Since we have not heard anything about "finances" being the "bad" reason, what does that leave?"
You obviously didn't read the Hearing transcripts or you refuse to understand it. It clearly said the reason they couldn't file was the finances. I think it may be worse then what came out (spending all the money at the races and slots) but still what came out was bad enough. Lost records, can't find where money went, money in bank that no one knows where it came from, and in debt more then 30 million dollars. All this with no recorded expenses. Even UC said it was about the records. He stated mis management, and voids in records was the problem. I feel its deeper then that, maybe embezzlement. But guess what since they refused to file in the past it will be hard to prove now. But the cult with there hear no evil, see no evil, speak no evil approach help put you were you are today.
-------------------- Invest with your brain not with your heart.
IP: Logged |
posted
Sterling has been pretty much "MIA" and doesn't even own the room anymore. "Drymouth", Dan York, owns it and has only retained the "Sterlings Classroom" name because that is the name it was best known by.
As far as "classroom" is concerned, I hear more of both sides in there, than I do in here.
IP: Logged |
posted
I noticed that too. I think Sterling bailed when the SEC filed charges. He is still in military and charges against him could have him kicked out. He was a huge pumper of this and was paid to do it. But when the chit hit the fan, I believe he ran with his tail between his legs.
-------------------- Invest with your brain not with your heart.
IP: Logged |
posted
it seems to me i said something about the main pumpers disappearing soon about 3 weeks ago...lets see sterling gone, dr. d not around much anymore, green baron moved cmkx off the main website & took it off the email info list & willy wille is just to damn stupid to know any better, zen...now there is a pumper i haven't seen legal post much of, is he gone too??/
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
posted
"Sterlings classromm holds 1000 people. It is the quickest and best venue to get information to the masses. The fact that they don't allow unsupported bashing, doesn't make it a "hype and pump" room. I am sure he will also post a report at the shareholders werbsite. Besides, noahltl is an admin there as well, and I am sure he would love to see some of you "bashers" come over sometime. LOL"
show me proof not its next to real claims of any cmkx value, legal. 8K is proof that as of the date it was filed no value has been found. show me proof not quacks theories that UC gives a rats behind about shareholders, not words, actions. taking the 5th in court, no financial records given to accountants as soon as asked for is proof otherwise.
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
posted
Thanks Bill, nice introduction for a Dr D Post.
DrDiamond Global Moderator
Member is online
Joined: Aug 2004 Gender: Male Posts: 1,051 Location: Kentucky Comments on SEC brief response & electronic shares « Thread Started on Today at 1:29pm »
-------------------------------------------------------------------------------- To begin with, I have read the SEC's response to the brief and I still feel that they have fallen short of their heavy burden of proof to get a revocation of the registration of CMKX securities. It almost seemed like the SEC was trying to turn it into a "pissing" contest. I believe Ms. Hakala believes she is doing the right thing, but simply doesn't have enough "proper" information to know what she is doing. I believe she has been hindered by "book knowledge" and has forgot to apply the "true spirit" of what is in the books of knowledge she has absorbed. I hope that will come with time.
I do not feel that the SEC has proven that the Form 15 was filed in "bad faith" nor have they been successful in the many other burdens of proof that were upon them to establish throughout the hearing. That does not mean they won't win, it means I believe they have failed miserably to prove the neccessity of a revocation.
I have been asked by many investors a question that pertains to the treatment of electronic shares.
Some believe they will automatically be deleted, others believe they will be required to pull certs on them, others believe nothing will happen to them, etc... The true answer is any of the above could happen depending on the broker. This is something you do not want to wait until after the fact to have communications with your broker.
Legally, the electronic shares "will not" be automatically erased from your portfolio. It would take an action by the broker to do this. Can they do this? If not challenged and brought to the table, they just might try it. I have tried to forewarn CMKXers to notify or have communications already in place with the broker that will protect their "electronic CMKX shares" in case of a revocation. Not that I am saying a revocation is inevitable, but wisdom dictates that we have something in place with our brokers to prevent them from automatically responding to the Administrative Judge's possible decision to revoke that could have an adverse effect on our CMKX holdings.
For example:
If the broker chooses to no longer allow CMKX shares to be held in their firm then each CMKX shareholder needs to have an option in place with the broker to pull the certificates rather than have them liquidated or deleted by an auto response on behalf of the broker.
The broker/DTCC/Cede & Co. does have official "ownership" of all electronically held CMKX shares and they do have the authority to do what they want although the "CMKX client portfolio/shareholders" are the "beneficiary" of the electronically held shares. Simplified, our electronic shares make us the beneficiary to receive dividends, etc... but we are not the shareholder of record for those shares, but rather Cede & Co. is.
For the DTCC/Cede & Co. to step in and wipe out all of these CMKX positions because of that authority of ownership would bring the walls down around them, IMHO. Meaning the liklihood of this happening is slim to none. I don't know of any precedence being set in the past that would permit this. As a matter of fact there are many companies that continued to trade in the market place months after the revocation took place.
What that brings us to is that each broker will treat this differently and each share holder needs to know ahead of time how the broker intends to respond to any type of a revocation or decision that could be handed down
1st = on any company's securities held by the broker 2nd = on any Pink Sheet Company's securities 3rd = on CMKM Diamonds securities particularly (Note: I would ask these question in the above order)
This will help to determine if your broker is singling out CMKX for treatment that is outside the normal operating procedures for the broker.
I wouldn't put this off! I would establish communication and I would do it by email so you have record of your communications with them and afterwards I would follow up with phone calls.
These are just my opinions and I ask that you treat them as such.
posted
Got me on a roll Bill. How about Zeninvestor:
zeninvestor32 Diamond Guru Emeritus
member is offline
Joined: May 2005 Posts: 563 Out There Theory « Thread Started on Today at 10:25am »
-------------------------------------------------------------------------------- Okay, HUUUUUUGE disclaimer here. I know this is an out-there theory but listen if you choose, think about it, mull it around and see if it doesn't just flat-out make sense. Okay, so the SEC and DTC are in so far over their head there is NO exit from the NSS that they've been permitting for a decade. Think about it -- they've permitted UNLIMITED liability when companies have shorted down otc stocks to the point of multiple amounts of the float. There are probably a ton of otc stocks that could literally never be covered on the open market if a true forced cover were to happen. Thankfully for the SEC, most of those companies are a POS and will go bankrupt or die off anyway. But still, there is a problem of catastrophic proportions here if it all ever fully unraveled. A problem that seriously could threaten all global markets since a complete and total hedge fund collapse could outright flatten the financial community. So how do you solve it?
Take a good look at the dematerialization information (good info with Dr. Diamond). Here's my theory. Dematerialization started last year with an effort being made to rope all 50 states into it. So far 48 have agreed. 2 rebels remain. Dematerialization provides the perfect cover-up. No more paper. No more trails. The DTC and SEC stonewall and continue to cover-up all markings of what is happening. But here's the kicker. Internally, they begin to either pass legislation or communicate with hedge funds that there is to be NO MORE naked shorting. The laws toughen. Basically, while the system is in "limbo" as paperless, the SEC does what it should have done all these years and mops up any further naked shorting by tightening the rules. Give it about two years. By then, the SEC will have put out of business most pink sheets and GRADUALLY encouraged hedge funds to cover their other short positions and stop NSS altogether. When the system is finally healed, the SEC then announces measures that ensure that the system will forever be free from the naked shorting issue (how that happens I'm not sure but there will be some kind of transparency that they will demonstrate to show that hedge funds can no longer do this).
There's my theory. Dematerialization takes the whole paper trail out of the public's eye for a few years while the SEC/DTC mops up the whole mess behind-the-scenes. Miraculously, in two years, we emerge as a system with modest credibility and one that did NOT collapse in the interim. It DOES make me wonder if the SEC has pushed cmkx out all along as they have tried and tried to rope the final 2 states into submission for this overall plan to preserve our financial integrity while sweeping NSS under the rug.
posted
They got to the point in that response. Calling CMKX a worthless stock that the current shareholders want to put off on someone else so they will be harmed.
-------------------- Invest with your brain not with your heart.
IP: Logged |
posted
good job legal & i will say this...that is the first thing i've read from Zen that has 1/2 a chance at 1) happening & 2) makes any sence.
now as for dr.d i think he should read the rules of his broker account or any shareholder of cmkx for that matter. they CAN NOT remove shares of any company revoked, bankruptcy, out of business, whatever from your account without a signed form from you. this form can not be faxed, emailed or done over the phone. you can print the form on line but you then must mail it in & it takes up to 4 weeks to clear everything. if a broker decides they want to quit carying a certain stock they must contact you, not you them, & arrangments made to move this stock to either cert or a differant broker. as cmkx will be revoked those shares still give ownership in the private cmkx thus cert may have to be pulled. either that or they will be listed just like CIM is listed in accounts with that divy.
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
posted
new theory...lol....i think UC wanted to do as he did in the past, buy claims around known good claims & sell them only somebody talked him into going public. shore gold can't efford another mine until this 1 produces, debeers probably is to arogant to think they missed much in their first look around & isn't interested. that left UC on the hook for the claims, the shareholders & the realties of a public company. since a few of the clowns around him had experiance in stocks & stock scams off it went into scamland only it snowballed out of control. you end up with a prison guard signing papers he has no clue as to the meaning of, internet pumpers on drugs going crazy, 56,000 shareholders or should i say bagholders and a stock mess never before seen. someday this needs to be made into a TV movie.
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
posted
Want a conspiracy theory? I've got one. It's off topic but important nonetheless. Bill1352 is officially working for the other side. He drank the pb koolaid, it's engulfed him, and now he's a Benedict Arnold. I think he's in cahoots with Legal too. Proof: please note his post a few up from here where he notes that Dr.D., Zen and others have been quiet as of late. It was immediately followed up by 2 posts from Legal, one by Dr.D and one by Zen. Sounds like a back door plan to me, the lead in by Bill followed up by Legal's posts. Some devious plot is being hatched here and I'll do my best to expose it further. Any comments Bill, Legal?
IP: Logged |
posted
ya UP i was the one doing all the buying today...lol. i'm trying to catch up to the rest of the cult members in losing cash. this way i can sue somebody for something somewhere...lol
-------------------- "keep your stick on the ice & your cup firmly in place"
IP: Logged |
posted
A denial laced with humor so as to show that the very thought of your "turning" is foolish. Hmmm, I think I'll wait for Legals response.
IP: Logged |
posted
"someday this needs to be made into a TV movie."
UpMan can testify to this. Some horses ass that calls himself "Topo Gigio", told us at the Chicago race last year, that Oliver Stone was making a movie about Urban Casavant and CMKX. According to this donkey it should have been released to your local theatre by now.
You should have met this puke eater, bill.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
