posted
Johny R. :a) sec tried to say CMKX was a pump and dump by using the Green Baron and the volume. Problem is that Green Baron buys a position and pumps it, they were not paid by us. It was their pump not CMKX's. Urban may not have owned shares at the time to dump and the AS was eaten up until NM gave the 75 Billion back
glassman: are you sure the Green Baron didn't accept shares on this one? i could be wrong, i'm not a follower of GB, but i think i recall they got a fee and it was disclosed on their "pump" REPORT...(no difference IMO just whether you get paid or not)
CMK? has been the best penny education money can buy..(or in my case get for free)
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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I see what you are saying Wallace but no one ever looked at the timelines of many of the facts. How they relate to each other. It isn't a clear picture from the hearing.
Any good lawyer could present rebuffs from just a handful of facts.
1. Why did UC file the original form 15 knowing there were over 300 shareholders?
Fraud is where you intend to mislead. Is there proof UC intended to mislead? Did he ask counsel their opinion? Did he personally know the law? Was the form drafted by an attorney? How did he know the number without contacting the TA?
Him not contacting the TA could be used to say he couldn't have known there were over 300 shareholders. Did he not ask because he didn't want to know. Was he aware from other sources? Was he told earlier the number in connection to something else and did not connect it to the filing? Was he told after and did not connect it to the filing?
He could be perfectly sincere in doing what he did. Then after the fact realizes this could be spun in a way he goes to jail. He takes the fifth.
See, the evidence cuts both ways. The SEC did not prove fraud from what I have seen.
Look at this post concerning the statements from UC about filing by XMAS, was he pumping us or just going by what RG said he could do,
quote: I believe UC hired Roger Glenn to get the filing done. According to Rogers first PR that is what was supposed to happen. That could be why UC was confident about it being done before X-Mas. I believe UC is just too gullible about what it takes to do things right. Roger did not get it done and may not have known where to start paperwork wise.
I think Roger couldn't get it together and milked us as long as he could. He should have just said I don't know where to begin.
I think doing work like this is a specialty and takes special people. Maybe Stocklein can, that remains to be seen.
UC should have kept his mouth shut about hiring anyone and just withstood the pressure to present the company in a positive light until after the work was done. Thousands screaming I want info, so he hires someone, pr's it, and puts forth a happy face, without realizing it may not even be possible to file proper dd now. Too much has gone by the wayside...
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I am not blaming RG for not getting the filing done, like I said it may not even be possible to produce audited financials at this point. I do blame RG for charging 250K and producing no work, and I blame RG for saying in a pr he was there to get filings done when he couldn't.
He misled UC and shareholders into thinking it would and could be done. I wasn't banking on UC's words, I did and many others did as well bank on RG's.
If he couldn't he should have simply said so 20K into the process. He also could have left some work behind for others to work with.
posted
You know, noah, glass asked that you not be kicked while you were down. Pretty nice of him, and I quieted myself, but knew you would be back with more fantastic claims and spreading false hope. I'm betting you feel kind of silly now, yourself. I suspect you will say and do a lot of silly things from this point forward. I'm betting you "Christians" bout wore poor God out with your nonsensical prayers and pettition to enlighten UC, and all the others involved with this mess. Maybe some here feel sorry for you, but I don't. Go ask that professional trader and woman of high stature if she sees any negatives now, (where there aren't any), go ask her if she understands this stock play, (the play of a lifetime, small minded people couldn't comprehend). I don't think your lights, or any of the cults lights have even flickered, surely they haven't come on. You ride this thing to hell, pal. Go head, the next thing for you is to pump some type of new owners group, and solicit memebership, costing them more money. God knows what the fee to join will be, and God knows the action you fools will plan. Enjoy, pal, it's all yours, buy more if you can. You are one sad individual, and you deserve any and all misery and loss that comes your way from the blantant lying and pumping you did for the past year.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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I will guarantee that there are more than a few people who invested their hard -earned money into CMKX who would like very much to see Mr. Casavant go to the slammer. The only real way to prevent this kind of fraudulaent scam is to start throwing these bums in jail. Hell they put Martha Stewart in for something much more trivial than this.
posted
I for one will join in on a lawsuit to go after Urban. I hope that they get him on criminal charges, he is no different than Lay or others that they are currently after.
Now THAT I will kick in $25 for. At least that would have a chance of succeeding, unlike UC's defense.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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posted
Why is it that doesn't surprise me and probably most right thinking people here. Probably because of your past history. You know, the way you intrpret things. When something is obviously bad for CMKX, you twist into something good. Kinda sorta like finding positive were there aren't any. BTW, do you have news of the Billion $ settlement that was the subject of today's meeting between CMKX and the SEC? Is Citi Group reconsidering? Have proof of the trillion share NSS? Have proof of the altered cusip numbers? Any inside information from the FBI?
quote:Originally posted by legaleagle: I'LL TAKE THAT AS A COMPLIMENT WILL.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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quote:Originally posted by BCmouser: I will guarantee that there are more than a few people who invested their hard -earned money into CMKX who would like very much to see Mr. Casavant go to the slammer. The only real way to prevent this kind of fraudulaent scam is to start throwing these bums in jail. Hell they put Martha Stewart in for something much more trivial than this.
absolutely.....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by will: Why is it that doesn't surprise me and probably most right thinking people here. Probably because of your past history. You know, the way you intrpret things. When something is obviously bad for CMKX, you twist into something good. Kinda sorta like finding positive were there aren't any. BTW, do you have news of the Billion $ settlement that was the subject of today's meeting between CMKX and the SEC? Is Citi Group reconsidering? Have proof of the trillion share NSS? Have proof of the altered cusip numbers? Any inside information from the FBI?
quote:Originally posted by legaleagle: I'LL TAKE THAT AS A COMPLIMENT WILL.
I'M REALLY BUSY RIGHT NOW WILL. COULD YOU GET BACK TO ME LATER WITH ALL THOSE QUESTIONS?
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CMKM Diamonds, Inc., (Pink Sheets:CMKX) president and chairman of the Board of Directors, Urban Casavant, announces that the Law Firm of Edwards &Angell has been retained to represent the Company in its desire to become fully reporting once again. Lead counsel for CMKM Diamonds, Inc., D. Roger Glenn, is a partner at the firm and has over 20 years of extensive experience in working with public companies. Mr. Glenn's professional bio can be reviewed at the law firm's website, http://www.edwardsangell.com/script.php?print=yes&page=attorneys& AttorneyID=39. (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field. You may also need to remove an extra space in the URL if one exists.)
Urban Casavant stated in Las Vegas today that, 'hiring Edwards & Angell, LLP, and specifically Mr. Glenn, is the best thing that we could have done for the company and the shareholders. The fact that Mr. Glenn began his illustrious career with the Securities and Exchange Commission is a further feather in the company's hat. We would like to thank all of our shareholders for their patience as we have moved towards this moment and as we move forward from here as a team.'
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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The faithful hung all their hopes on that PR, and Mr Glenn's ilustrious career.
Several people have asked about the faithful's opinion of Mr Glenn after yesterday's hearings. I didn't see a response, did you?
$250K for one sheet of paper. Nice work if you can get it.
I also recall Wallace pointing out that Mr. Glenn's credentials were not all that spectacular, and the faithful ridiculing hime for his opinion. Guess he was vindicated?
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
Johnny, since UC took the 5th, I think the Judge will consider his silence as a form of guilt in the lie on the form 15. The excuse that he didn't contact the TA really want hold water because he should know that he needs to verify his numbers. I think the Judge by not stopping the questions to UC will take all the answers as meaning they were true as the SEC asked. Because this is a civil matter the Judge can use it against him. I think the fact that UC took the fifth and Mahue said he knew nothing about the companies operations on top of the fact they refuse to give auditors any records show that they never intend to file. I believe the judge by asking Mahue if he was hired for his name already knew the answer, $40,000 a month and knows nothing, wow. I just can't see how anyone seen any good out of that hearing. NSS out and filing must be filed. Period. Revoked.
-------------------- Invest with your brain not with your heart.
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Will, what I thought was funny about RG was the fact that in the MArch PR, UC basically blamed RG for mis-management of the company and the faithful still stood up and said, Oh no that wasn't RG he was talking about. lol
-------------------- Invest with your brain not with your heart.
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I don't know if you were around for that June PR , Ric. Maybe you were reading and not posting. I do recall Wallace trying to caution the faithful about their exuberance over Mr. Glenn, and they told him he didn't know crap, and personally attacked him and doubted his background and experience. Looks like he nailed it on Mr. Glenn.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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quote:Originally posted by glassman: i still want to see the Naked shorts thing fully investigated too...
this whole thing needs to see the light of day.....
ALL of it....
There are any number of things that can improve Wall Street operations. Abusing shorting priviledges and requirements is most certainly a major problem.
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what i'd like to know is after the judge closes the cmkx door for good what happens to those claims? what happens to the gold mine? UC can not be allowed to walk away with them. cmkx may not be public but the shareholders are still holding the bag & the claims are in the company name. the truth is there just may be diamonds in that ground. cmkx never bothered to look. they said no mining expenses for 2004, i wonder if that fly over was just a rehash of the fly over done a few yrs before.. if a REAL exploration company went in & took a serious look there just might be something there. that gold mine doesnt seem to have much coming out of the groundbut UC walking off with it is seriously wrong.
-------------------- "keep your stick on the ice & your cup firmly in place"
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FRIZZELL LAW FIRM 305 S. Broadway, Suite 302 Tyler, Texas 75702 (903)595-1921 Fax (903)595-4383 E-Mail jmartin@cmkxownersgroup.com
May 11, 2005
Greetings Members.
It has been an interesting couple of days. It was nice to finally get to meet some of you. You are to be commended for making arrangements to attend the proceedings. Judge Murray took the time to acknowledge the presence of the shareholders on several occasions during the hearing. I truly believe your participation in this process is very helpful to the company.
I have mixed emotions about the hearing yesterday. I was glad to see the judge referencing the interests of the shareholders in her questions to some of the witnesses. I was disappointed in her refusal to allow any significant evidence about naked shorting. This was somewhat expected in light of her ruling on the pre-trial motions which were handed down last Thursday. Judge Murray apologized to the company, the SEC and our group for not informing us of her rulings last Thursday. Judge Murray read her rulings into the record when she was told that none of the parties had received her rulings which were entered on May 5, 2005.
Please remember that as your representative, I was permitted to participate but only in a limited fashion. I was not allowed to present witnesses or offer evidence of our own because we were not one of the named parties to the proceeding. My intention was to present evidence through the company’s witnesses. I was able to do so through my cross examination of the government witnesses and the individuals put on the stand by the company.
The Court began the hearing by telling the SEC that evidence of naked shorting was not a material issue in the hearing. Mr. Stoecklein advised the Court that certain evidentiary items were tendered to the parties late last week. He informed the Court there may be some responsive exhibits we (the company and the shareholders) may want to offer after the hearing since we received certain items from the SEC just a day or two before the hearing. The Judge informed us that she had a policy of allowing exhibits to be offered until she handed down a ruling in the matter. I made a decision at that time to withhold my offer of the exhibit we put together on the shareholders holdings until after the hearing.
It was frustrating to see the judge exclude Mr. Stoecklein’s offer of evidence of the evaluation of various properties. Ed Dhonau was to testify about the value of the claims in Canada and the value of the gold mining operations in Ecuador. This would have been helpful to you. There was information from Rendall Williams about revenues from mining. Mr. Williams appeared reluctant to answer questions from me and Mr. Stoecklein. I wish I could offer a full and understandable reason Mr. Williams’ testimony.
We learned on Friday before this hearing that Neil Levine, the auditor that had been paid $100,000 in January to work on our audit, had sent Mr. Stoecklein a letter withdrawing as the auditor. A letter of this nature sent two days before a hearing of this significance is unusual to say the least. Mr. Levine testified that he was simply too busy to continue waiting on the necessary underlying documents to continue in his work. This letter came with no warning to Don Stoecklein or Mr. Maheu. Mr. Levine had billed over $70,000 of the company’s retainer and brought an attorney with him to the hearing. He testified that the company would be receiving a bill for his attorney’s fees because that was provided for in the engagement letter with his firm. I expressed my concern about the timing of his actions when I questioned him. I am still bothered by his answers to my questions. It took no time for Mr. Stoecklein and Mr. Maheu to get another auditor lined up. I do not have his name but I have been told another auditor has been engaged and he is an auditor that Mr. Stoecklein has worked with in the past.
I was very impressed with the employees hired by Mr. Stoecklein to continue the work on the financial reports. When the records are accumulated, the staff is in place to finish the bookkeeping for transferral to the auditor.
You have probably heard that Urban took the 5th amendment when asked questions about the company. I wish I knew the underlying problems that caused Urban to have an attorney representing him at this hearing in addition to Mr. Stoecklein. I have no knowledge of the reasons and I will not speculate nor offer any opinion on that matter.
Mr. Maheu’s appearance was well received. He testified that he was there to assist the company in meeting its compliance obligations. The Court was most respectful of Mr. Maheu. The judge very bluntly asked if he had ever considered that the company might be using Mr. Maheu for his good name and remarkable track record.
The Court has established a briefing schedule which tells the parties when legal briefs are due on the various issues raised by the evidence. Any brief I choose to submit on your behalf will be due in the middle of June.
An interesting letter has surfaced in the investigation that we are doing into naked shorting of company stock. I am seeking agreements of the parties to post a copy of that letter. Please remember that I am under a strictly worded confidentiality agreement. I can of course relay what everyone heard in the hearing. There were some discussions about stipulations of certain evidence being offered by the SEC. There is a letter written by the general counsel of Jefferies to the NASD that I think is very interesting. The SEC was seeking some evidence to support their view that CMKX is not naked shorted and apparently made a call to the NASD. This letter was forwarded to the SEC. Please do not speculate on the significance of this letter until you have the opportunity to view it. This is a letter that reveals an explanation of sorts on some trading that occurred in 2004 in CMKX stock. I hope to be able to post this letter in the next few days.
The SEC attorney stated in Court yesterday she did not believe a naked short position existed in our company stock. Mr. Stoecklein had discussed the issue with her prior to the hearing and a meeting was tentatively set while we were all in town for the hearing to discuss the issues of naked shorting. Mr. Maheu, Anthony Demint, Mike Williams, Don Stoecklein and I met at the offices of the SEC this morning. We visited with Ms. Hakala, Mr. Glynn and the regional supervisor. The meeting lasted two hours. There was a full discussion of the issue of naked shorts with the enforcement attorneys. We took the current NOBO list with us and the work we have accumulated based on your faxed in brokers confirmations from last week. Although we have documents that prove a huge naked short statistically speaking, I am insisting that we have stand alone proof of share ownership. The SEC knows we are dedicated to acquiring the information necessary to prove our outstanding stock. We came away with no formal agreements but we have established some dialogue to proceed from this point. When I return to the office I will issue another update suggesting some ways to continue gathering our “facts”. Please believe me when I say this fax campaign is very important.
Sorry about the length of this update but I thought it might be helpful to those of you that did not get to attend the hearing. I have already heard of many rumors and that are being spread by some people not interested in the company’s well being. If you do not hear it from this office or in an official PR from the company, I would ask that you do proper due diligence before accepting something as fact.
quote:Originally posted by Ric: I also thought it was funny that they never would believe he was gone for the longest time. So many theories came out of that.
Seems to me that I stated that RG sank too. LOL
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Theories, theories, theories, and everyone of them crashed and burned. The unbelievable thing it hasn't and won't stop. Look at noah and the nonsense he's been posting yesterday and today. Discount the last year, just consider yesterday and today. I'm sure the results of his most recent posts and claims will be the same, CRASH & BURN!
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
I think one thing that will help but still not stop the abuse is require all public traded companies to state a/s, o/s, insider shares, and float. Also to notify ahead of time of any change to those numbers. At least people can be informed enough to figure out if something don't look right. I mean the NSS theory really got its head start in this company because no one knew that it had been diluted to this huge amount. Well some did but most called them quacks.
I still think that scams like this help NSS. The company is doing so much illegal selling of shares itself the Hedge funds and others see a opening. Does two wrongs make a right, no. But one wrong does make the others easier to happen. But I stiil not sure that this one is shorted. Might have been could be a little but with this huge o/s and no share structure there is no proof and the OG's numbers prove nothing. Wish it did but who knows if the numbers they have are true and what the ones that are left are holding.
-------------------- Invest with your brain not with your heart.
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I have already heard of many rumors and that are being spread by some people not interested in the company’s well being. If you do not hear it from this office or in an official PR from the company, I would ask that you do proper due diligence before accepting something as fact.
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and where have we heard that one before...lmao. is the new uncle mel being born???
-------------------- "keep your stick on the ice & your cup firmly in place"
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Does this bit from FizzleFrazzle sound familiar:
"If you do not hear it from this office or in an official PR from the company, I would ask that you do proper due diligence before accepting something as fact."
Does anyone remember those official PRs from the company? That's right, the ones that said nothing but promised everything dreamed of.
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posted
i agree ric...companies that dilute their stock helps the NS flurish. but when a company does as cmkx has well whats the point? you can only sell so many shares of anything & the only ppl buying this POS for a few months are the cult. maybe a few mentally challenged folks.
-------------------- "keep your stick on the ice & your cup firmly in place"
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