Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » CMKX - May 10 - 05 D-Day - The next chapter (Page 81)

 - UBBFriend: Email this page to someone!   This topic comprises 87 pages: 1  2  3  ...  78  79  80  81  82  83  84  85  86  87   
Author Topic: CMKX - May 10 - 05 D-Day - The next chapter
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post   Reply With Quote 
I tell you what though. I sure wish you could short a pinksheet. This will drop like a rock after the halt is over.

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
MULTIPLE STREAMS OF INCOME!!!

From PB 32


Starlight
God of Diamonds

member is offline


Joined: Oct 2004
Gender: Female
Posts: 1,742
Location: Houston, Texas
MULTIPLE STREAMS OF INCOME!!!
« Thread Started on Jun 29, 2005, 7:45pm »

--------------------------------------------------------------------------------
During this past year numerous posters have speculated
to the possibility that CMKX would merge into CIM and lose its own identity....

What has concerned me about that is the fact that Urban has told numerous people at the races that CMKX would be a heritage stock. How can you have a heritage stock that merges into another entity and simply vanishes???

Also, if CMKX were to merge into CIM then how do you take possibly 2-3 trillion shares with you into another clean entity (No NSS) and why in the world would you want to do that....???

Some may say that the answer to that would be a Reverse Split but Urban has repeatedly stated over and over again "NO Reverse Split."

If Urban only took cert holders with him then can you imagine the mess of a situation that he may face with furious shareholders who feel lost in the shuffle....!!!

How do you solve this so that everybody is happy...???
How about the people who may have ordered their certs at the last minute and whose orders simply did not get filled in time before the transfer agent says "NO MORE CERTS"....???

If CMKX were to merge into another entity then how would you explain the mega bucks that have been spent on promting the CMKX name....??? That would all be a waste!!!

This has had me very puzzled up until now....Perhaps Urban's plan all along was to create multiple streams of income....!!!

Just this past week the poster, hermannmaier, provided a link at my request to a PR that was released July 19, 2004. I had read it as I had read all of the PRs and did not give it much thought at the time. The PR I am referring to says CMKM Diamonds, Inc. has agreed to invest US$1,000,000 in Casavant International Mining rreferred to as (CIM). CMKM Diamonds, Inc. will receive in return a 10% lifetime royalty on all mineral claims of CIM. Wow!! How in the world did I not take notice to that one last year......???

Then along comes Vindication LLC, a new Las Vegas corporation that has UC and Maheu's stamp all over it!! And get this- they will be releasing their officers on 6/30 at 12:01 am- just one day before our beloved Judge Murray can rule on our administrative hearing!!! You may ask what does that have to do with anything....???

I have always thought that CMKX would not passively wait until the Judge rules on our case. That is just not the style of UC and Maheu. They are the types to take matters into their own hands and throw them a curve ball. IMO I believe that CMKX will halt the trading of thier own stock then transfer the remainder of their assets into CIM. Vindication LLC (which would function as a holding company) would hold all of CMKX's shares.... the NSS and those who hold certs. Keep in mind that most of the assets have already been transferred out of CMKX into other entities or J/Vs.

In this scenario Vindication LLC would hold all shares (both NSS and certs) and would trap shorty into paying on these shares for many years to come with yearly dividends. The beauty of this is that since shorty cannot sell the stock then he cannot make the money on the spread difference nor can he cover quickly while shareholders are rushing to sell quickly at the slightest spike in the pps. Perhaps Urban's plan is to take CMKX private and use it for the retail end of the business but shorty would still be locked in forever!!!

If CMKX were to let their stock continue to trade on the open market then shorty could simply choose to not make a market for our stock at all if they saw a really big squeeze coming. Or the brokerage houses could collectively decide to not make a market for our stock anymore if they have gotten in too deep. Or the MMs could simply file bankrupty. This way they would be allowed to stay in business but would pay dearly each year for years to come!!! Extended pain that they would not forget!!!

Now Back to the Multiple Streams of Income.....

In my earlier thread, Starlight's Theory, I speculated that if CMKX had agreed to be a guinea pig in a sting operation for the SEC and the SEC agreed to reward them with the lion's share of the DTC's insurance policy in their efforts to folow the money trail of funds that could be seeping out of our country to fund offshore terrorits activities. This would explain why CMKX chose to go from reporting to non-reporting status and why the Regulations SHO has a Grandfather Clause to protect the governemnt from being liable for any and all NSS that existed prior to Jan. 2005 (that has not been proven- We have according to the OG group and already had a plan in place.

In this scenario we would get the lion's share of the DTC's insurance policy- but how would the MMs pay...???
Now with the Vindication LLC in place this is just too perfect for words!!! So in this situation CMKX would remain a separate entity under Vindication LLC (probably private) and CIM would IPO and all those who already have shares would also benefit from any sale of their stock when the restrictions are lifted in a few months.

Then our valuation would finally be released under CIM. All claims that belonged to CMKX that had been dispersed into other entities would then merge back into CIM, all our JV's would do their own IPOs and
then all merge together down the road while CMKX (which would be private) would handle all of the retail part of the business. Those who did not get the early CIM dividends would be allowed to buy into CIM at pre-IPO prices. And we would all get yearly dividends (royalties) from our CMKX stock from shorty under Vindication LLC!!!

Please keep in mind that the above scenario is just my opinion so please treat it as such.....!!!

Still Keeping the Faith....!!!

Starlight

Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post   Reply With Quote 
Nine more trading days left.

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
ed19363
Member


Rate Member
Icon 1 posted      Profile for ed19363     Send New Private Message       Edit/Delete Post   Reply With Quote 
Please keep in mind that the above scenario is just my opinion so please treat it as such.....!!!

In other words "I am a Koolaid drinker, and a fool, so you may disregard anything I said above. I have nothing to do today, so I thought I would ramble on about something that I know nothing about because I like to hear myself talk. I have no proof of anything and probably never will."

--------------------
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  |  IP: Logged | Report this post to a Moderator
hodag
New Member


Rate Member
Icon 1 posted      Profile for hodag         Edit/Delete Post   Reply With Quote 
quote:
Originally posted by legaleagle:
SGGM was just reinstated at Nev SOS on July 19, 2004. Not even a year old yet and already being targeted by the SEC. In the old days we called that "Selective Enforcement".

Maybe that is what they called it in the old days, now it is called building a RICO case. There are just too many companies with multiple securities violations that have the same people's fingerprints on them - somebody is in trouble here.
Posts: 1 | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
WinsumLosesum
Member


Icon 1 posted      Profile for WinsumLosesum     Send New Private Message       Edit/Delete Post   Reply With Quote 
 -

http://tinyurl.com/cz4y9

Posts: 1872 | From: right here | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post   Reply With Quote 
if UC gave SGGM to pay cmkx watch a money laundering investigation pop up. add to that an internal pump & dump scheme. UC knew the cult & how they jumped at everything. SGGM has a 16 million o/s at the time of the cmkx deal. most are probably insider owned thus very small float. UC gives them $10 million for the deal, the pr hits, pps flys to .75 from .03, shares get dumped, say 25 or 30 million if not more, SGGM pays UC back, they have cash on hand left. not 1 word came from SGGM except to announce a new CEO if i remember correct, till the vermiculite deal. that was followed by the uranium deal. all this from a company that at the last filing had zero cash, zero assets & zero business.


by the way didn't the sggm/cmkx pr state sggm got 5% of every cmkx claim? wouldn't that mean the S.A. gold mine too?? if thats true it sure helps the S.A. goldmine income...cmkx & usca split 50 - 50...cmkx gives 20% of theirs to nevada minerals & 5% more to sggm. i'd say keeping all the crooks in line is expensive.

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post   Reply With Quote 
legal...you have got to get a hold of the kool-aide makers & tell them to dilute it greatly....


jimmylegs
Diamond Hunter

member is offline




Joined: Jun 2005
Gender: Male
Posts: 9
Location: Chicago
Re: are ST.George Metals shares going to be future
« Reply #2 on Today at 9:19am »

--------------------------------------------------------------------------------
IMO Iron Bob wanted it leaked that we're worth 260 billion.......info without official pr........why?...we will see.

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post   Reply With Quote 
legal, quick question...do you hold some of your cmkx in cert form & if so did that number of shares disappear from your total in your account?

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by bill1352:
legal, quick question...do you hold some of your cmkx in cert form & if so did that number of shares disappear from your total in your account?

YES AND YES
Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by bill1352:
if UC gave SGGM to pay cmkx watch a money laundering investigation pop up. add to that an internal pump & dump scheme. UC knew the cult & how they jumped at everything. SGGM has a 16 million o/s at the time of the cmkx deal. most are probably insider owned thus very small float. UC gives them $10 million for the deal, the pr hits, pps flys to .75 from .03, shares get dumped, say 25 or 30 million if not more, SGGM pays UC back, they have cash on hand left. not 1 word came from SGGM except to announce a new CEO if i remember correct, till the vermiculite deal. that was followed by the uranium deal. all this from a company that at the last filing had zero cash, zero assets & zero business.


by the way didn't the sggm/cmkx pr state sggm got 5% of every cmkx claim? wouldn't that mean the S.A. gold mine too?? if thats true it sure helps the S.A. goldmine income...cmkx & usca split 50 - 50...cmkx gives 20% of theirs to nevada minerals & 5% more to sggm. i'd say keeping all the crooks in line is expensive.

bill, if UC chose to invest his money in SGGM, where is the violation? He probably bought shares. If he were doing anything illegal, I doubt he would PR it. All informed people knew SGGM was a shell held by Urban before being reactivated. Noah posted it here last year.
Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post   Reply With Quote 
its called money laundering legal. you put cash in for something you then sell to make the cash back. only the loan is not paid off. the money is then clean...i'm not saying that is what was done but it has been rumored the sggm cash came from UC. thus the chance this is what happened is possible. since neither are reporting & no idea who owns what in either it could easily be hidden from investors in both companies. also possibly why the SEC is going after both companies. something they found in the investigation of either USCA or CMKX may have lead them in that direction.

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post   Reply With Quote 
It was the next step. They already sold 778 billion shares of CMKX. The scam was up for it. There is really was no way to sell much more other then the personal shares and once he got rid of all of them then he needed a new start. And I think he has sold most of them by now.

SGGM looks to be it. They were smarter this time. Start the o/s at 500 billion so that way the cult won't be able to guess what the dilution is until it was to late. Not that they shouldn't have in CMKX but still. Now he has another profit making company. Selling stock has got to be his specialty now. I am sure though he will find another way to scam you out of your money so don't worry. You can give him your kidney by next year.

I just wonder how long till this thing hits the cult up side their head. Hopefully it will knock some sense in them and they can go after the real thief here. UC needs to go down soon. But real crooks rarely ever get caught until its too late for the public.

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
BILL, I TOLD YOU ABOUT THAT SLIPPERY SLOPE. LOL NOAH DEFENDED YOU THOUGH. SPEAKING OF SLIPPERY, NEED ICE FOR THAT KOOL AID?


Topic: Bill1352 wow you have a interesting history (Read 197 times)
Gluggo
God of Diamonds

member is online




Joined: Aug 2004
Posts: 1,206
Bill1352 wow you have a interesting history
« Thread Started on Today at 11:48am »

--------------------------------------------------------------------------------
Hello Bill1352 I dont normally DD on past fellow posters. But I wanted to print your past 86 posts. Over the years I have been in CMKX I have been alot gentler to those I feel may be suspect in claiming to be in CMKX. You my friend I want to be extra careful in letting people know that I in NO WAY an trying to claim you do not own CMKX or are a PAID Basher or are trying to get any of us to sell our CMKX shares. No sir I wanted only to show the board if you have any

1. Positive things to say about CMKX management?

2. Postive things to say about CMKX in general?

I went thru all your posts and I must say your postings sparked my intersts in you! I dont know why you bought CMKX but if you would like to share with us I personally would like to know. I really want to know why you feel and say the things you do about CMKX. I feel you deserve to be heard I really do.
You and I are different in that I really do in my heart believe CMKX is a great stock to own and that we as shareholders will be rewarded. But thats what I believe in my heart. I do not really know whats in your heart but I do want to respect you for your beliefs. In your case I feel you deserve this thread only to
1. Educate those other shareholders about how you feel.
2. Let you know you do have a friend here on this board who will not judge you for how you really feel in your heart about CMKX.
So with that I want to share with the board all your post you made. Please know I am not trying to embarrass you or put you down. You have contributed to this board but in what I would consider the VERY CONSERVATIVE and somewhat Negative tone. ( excuse me for my 1 judgemental thought.
At least you do keep with your beliefs and do not sway from what you believe in. That is how I am also but maybe we believe in 2 seperate ways.
So thanks for your postings and please do not feel I am picking on you. For I really am not just bringing a little spot light to your name and postings! I will start with your very first post!

Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by bill1352:
its called money laundering legal. you put cash in for something you then sell to make the cash back. only the loan is not paid off. the money is then clean...i'm not saying that is what was done but it has been rumored the sggm cash came from UC. thus the chance this is what happened is possible. since neither are reporting & no idea who owns what in either it could easily be hidden from investors in both companies. also possibly why the SEC is going after both companies. something they found in the investigation of either USCA or CMKX may have lead them in that direction.

Money laundering requires the money to be "dirty" in the first place.
Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post   Reply With Quote 
I see you have made new friends there Bill, lol. I would have to hard of a time biting my tongue to make friends like that. I hate using the word moron but I know it would slip out at some point.

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post   Reply With Quote 
Legal its called money he has been stealing from CMKX.

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post   Reply With Quote 
well i'll be...just read & replyed at PS32...lol i agree ric, a few of the ppl posting there do cause my jaws to clinch...lol. like the guy thinking CIM will IPO at $20. whatever planet he is on i want to move to, think of the cash to be made dealing with that type of ppl. i did post on that thread using microsoft as my example as to how impossible that is & i was civil about it.....lol


can i get my paid basher status back now?????.....lol

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
ed19363
Member


Rate Member
Icon 1 posted      Profile for ed19363     Send New Private Message       Edit/Delete Post   Reply With Quote 
The countdown begins......


12 DTG

--------------------
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  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Ric:
Legal its called money he has been stealing from CMKX.

LINK??? LOL
Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post   Reply With Quote 
703 billion shares sold, 30 million in debt, no expenses for 2004, and no records. The link is easy to see if you weren't a heavy drinker. Koolaid that is, lol.

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
Wallace#1
Member


Member Rated:
4
Icon 1 posted      Profile for Wallace#1         Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Ric:
703 billion shares sold, 30 million in debt, no expenses for 2004, and no records. The link is easy to see if you weren't a heavy drinker. Koolaid that is, lol.

You forgot "Took the 5th"!
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
Wallace#1
Member


Member Rated:
4
Icon 1 posted      Profile for Wallace#1         Edit/Delete Post   Reply With Quote 
Re: Gluggo's post that legal reposted:
"I really do in my heart believe CMKX is a great stock to own and that we as shareholders will be rewarded. But thats what I believe in my heart."
--------------------

Problem is, that poor fool doesn't know the heart does not think....only the mind thinks. He/she should really try using it a bit more.

You are welcome to pass that on to Gluggo, legal.

Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
Very worthwhile looks at some CMKX principal players:

http://www.cia.gov/cia/public_affairs/press_release/1997/trailblazers.html

Search David E. Coffey


http://www.state.gov/g/inl/rls/rm/2001/may/3399.htm

Neil Levine, Senior Adviser for Governance, U.S. Agency for International Development

Look at Levine's duties for the State Department.

Neil Levine USAID

http://www.usaid.gov/policy/ads/200/updates/iu2-0503.pdf

[ July 03, 2005, 22:26: Message edited by: legaleagle ]

Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Wallace#1:
Re: Gluggo's post that legal reposted:
"I really do in my heart believe CMKX is a great stock to own and that we as shareholders will be rewarded. But thats what I believe in my heart."
--------------------

Problem is, that poor fool doesn't know the heart does not think....only the mind thinks. He/she should really try using it a bit more.

You are welcome to pass that on to Gluggo, legal.

Wallace, something tells me Gluggo wouldn't really care much what you thought.
Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
Wallace#1
Member


Member Rated:
4
Icon 1 posted      Profile for Wallace#1         Edit/Delete Post   Reply With Quote 
quote:
Originally posted by legaleagle:
quote:
Originally posted by Wallace#1:
Re: Gluggo's post that legal reposted:
"I really do in my heart believe CMKX is a great stock to own and that we as shareholders will be rewarded. But thats what I believe in my heart."
--------------------

Problem is, that poor fool doesn't know the heart does not think....only the mind thinks. He/she should really try using it a bit more.

You are welcome to pass that on to Gluggo, legal.

Wallace, something tells me Gluggo wouldn't really care much what you thought.
Judging where he posts and what he posts, I am not surprised. With his heart, all he can do is glug, glug, glug. Far too much koolaid. As Ric says, "Invest with your brain, not with your heart."
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post   Reply With Quote 
These morons should be put in prison for these lies. At least sue them for a return on your worthless investment after 11 days.

By: Willy Wizard Club
03 Jul 2005, 08:50 PM EDT
Msg. 1023180 of 1023351
Jump to msg. #
BASHERS ARE DONE AND WHINERS ARE AH0LES

acca posts in Willy's, update:

It's All Public!! .37 WATCH!!!! Watch!!!!!!!!!!! Can You Handle It!! We All Breathe It! It's Officially Over!! Enjoy Yhe Fireworks!! Urban (thumbs up) It's Over!!!!!!!!!!!!!!!!! Serious!!!!!!!! It's OVER!!!!!!!!!! It's Just Over!!!!!!!!!!! Vindication!!!!!!! Watch!!! In Amazement!!!! Finally!!!!!!!!!!!!!!!!!!!!!The Finale!!!Get Off Your Fence??? Options Gone!! They Are Done!! Night Night!! Congratulations!!!Cashdiv, Finally! (response to user) Period!! It's Over!!! Period!!!

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
Another Levine Link: http://bogota.usembassy.gov/wwwsaidf.shtml
Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post   Reply With Quote 
What are you doing Legal, trying to prove my point for me. Levine the one who said it didn't want to do business with CMKX. lol

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
The question of USAID’s relation to the (An independent agency of the United States government responsible for collecting and coordinating intelligence and counterintelligence activities abroad in the national interest; headed by the Director of Central Intelligence under the supervision of the ) Central Intelligence Agency is a controversial one. Many assert that the CIA has used USAID to provide support for its programs. For example, Louis Wolf, co-publisher of CovertAction Quarterly, who worked in (A mountainous landlocked communist state in southeastern Asia; achieved independence from France in 1949) Laos from 1964 to 1967, asserts that some of the CIA personnel working in (Click link for more info and facts about Operation Phoenix) Operation Phoenix in (A communist state in Indochina on the South China Sea; achieved independence from France in 1945) Vietnam were working under USAID cover.

In a lecture given in 2000 at the (Click link for more info and facts about University of the Philippines) University of the Philippines-Manila, Roland G. Simbulan described the importance of the CIA’s operations in the Philippines, and noted: “During my interview in 1996 with Ralph McGehee, a former CIA agent, and other former CIA operatives assigned to the Manila station, I was told that the CIA had many unheralded successes in the Philippines such as the manipulation of the trade union movement through the Asian-American Free Labor Institute (AAFLI) and through funds which were channeled thru the USAID, Asia Foundation and (Click link for more info and facts about National Endowment for Democracy) National Endowment for Democracy.” (*)

Some claim that there was in the past, but no longer is, a relationship between the CIA and USAID. Others disagree. Eva Gollinger, for example, maintains that the USAID was being used by the CIA as recently as the 2002 attempt to bring down the government of (Click link for more info and facts about Hugo Chávez) Hugo Chávez in (A republic in northern South America on the Caribbean; achieved independence from Spain in 1811; rich in oil) Venezuela. She offers documentation to support her view that the USAID was part of an "intricate financing scheme" that used "millions of dollars in financing to build and maintain the opposition movement and finance the recall referendum campaign against President Chávez," and notes: "in June 2002, the US Agency for International Development (USAID) set up an Office of Transition Initiatives (OTI) in the U.S. Embassy in (The capital and largest city of Venezuela) Caracas, allegedly for the purpose of helping Venezuela to resolve its political crisis. The OTI in Caracas has counted on more than US$15 million in funding from Congress since June 2002 and has recently requested five million more for 2005, despite the fact that it was only supposed to be a two-year endeavor. All evidence obtained to date shows that the OTI has primarily funded opposition groups and projects in Venezuela, particularly those that were focused on the August 15, 2004 recall referendum against President Chávez." (*)

Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
striper
Member


Member Rated:
4
Icon 1 posted      Profile for striper     Send New Private Message       Edit/Delete Post   Reply With Quote 
we will make money on cmkx.
Posts: 352 | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Ric:
What are you doing Legal, trying to prove my point for me. Levine the one who said it didn't want to do business with CMKX. lol

But he did, and played his role well.
Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
stockster5
Member


Rate Member
Icon 1 posted      Profile for stockster5     Send New Private Message       Edit/Delete Post   Reply With Quote 
check UC's website... business as usual...
link: http://www.casavantmining.com/index.asp

I know this is old stuff... also I found cmkm on a Infomine.com website.. all about mining co's

--------------------
Eagles may soar, but weasels don't get sucked into jet engines....

Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post   Reply With Quote 
levine played his role well???? you mean charging $75K for having to deal with a scam in the first place? getting on the stand & saying they gave him nothing & he would not represent a company like CMKX? that means 1 of 2 things..they told him he would be paid $75K to look around & then quit right before trail then get on the stand & talk trash about cmkx or 2) cmkx used him, telling him nothing.

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post   Reply With Quote 
this is long but i'd say the SEC is doing something about NSS, the DTC's loopholes. might be that the bad guys will soon get the message.....


The PIPEs Report
Part One of a Three-Part Series
by Brett Goetschius
July 1, 2003

Some of the most active private placement agents and investment managers stand accused of conspiring to defraud hundreds of small-cap companies, including dozens of Private Placement in Public Equity (PIPE) issuers, TPR has recently learned. Specifically, government investigators and plaintiffs’ attorneys are charging the defendants with executing stock-kiting schemes to exploit loopholes in the U.S. stock clearing and settlement system. Through these methods, the agents and managers allegedly inflated small-cap companies’ downside trading volumes and reaped massive profits from short positions.

The allegations are contained in court documents and investigative reports of U.S. and Canadian authorities. An ongoing joint U.S.-Canadian investigation into the matter has already yielded 58 indictments of U.S. and Canadian offshore brokers and hedge fund managers. Those arrested include Mark Valentine, former president of the defunct Toronto brokerage Thomson Kernaghan. Valentine’s firm was closed by the Ontario Securities Commission a year ago. Its closure led to the largest claim ever against the Canadian commission.

Thomson Kernaghan is named in a $2.6 billion lawsuit filed in May by Sedona against its placement agent, Ladenburg Thalmann; several former Ladenburg executives; New York-based PIPE fund manager Rhino Advisors; and several offshore funds and securities firms associated with Rhino and British Virgin Islands-based Creon Management. In the lawsuit, a copy of which was obtained by TPR, Sedona’s attorneys assert that former Ladenburg executives Michael Vasinkevich, David Boris and Thomas Tohn schemed with Creon fund manager David Sims, Rhino principal Thomas Badian, and Rhino-managed funds Amro International, Roseworth Group, Cambois Finance, and Markham Holdings to defraud Sedona and its shareholders through the illegal manipulation of the funds’ investment in a $3 million floor-less convertible PIPE issued by Sedona in January 2000.

The Sedona suit goes on to allege that Rhino used its funds and cooperating broker/dealers in the U.S., the Caribbean, and Canada, including Thomson Kernaghan, to orchestrate a campaign of massive, uncovered short-selling of Sedona’s stock, despite specific prohibitions against such activity in the stock purchase agreement. Sedona claims this naked shorting campaign “painted the tape” with extraordinarily high selling volume and decimated its share value, ultimately allowing Rhino’s funds to convert their securities into common stock at a fraction of true value.

The SEC filed suit this spring against Rhino and Badian, alleging Badian manipulated the market through an illegal short-selling campaign against Sedona. The commission claimed Rhino was using brokers and electronic exchanges based in the U.S., Canada, and offshore to hide and wash short trades even after the NASD placed short restrictions on the stock. Rhino settled with the SEC for $1 million without admitting or denying the allegations.

All of the defendants in the Sedona suit have filed to have the case dismissed. Southern District of New York federal judge Kimba Wood has yet to set a hearing to rule on the motions. Court papers filed in the case set out for the first time the exact nature of the scheme. The papers also reveal the alleged players in a conspiracy that Sedona’s attorneys, famed tobacco and implant-liability lawyer John O’Quinn and accomplished attorney Wes Christian, believe has victimized hundreds of small-cap companies and cost shareholders billions.

A Rigged System

Some of the investors accused in the scheme have connections to offshore and European trusts operated by alleged money launderers working for the Russian mafia and Colombian drug cartels. Even more intriguing and insidious than these claims, however, are the methods used by the defendants to perpetrate the fraud. They are accused of exploiting weaknesses in the centralized book entry clearing and settlement system used by each of the nation’s stock exchanges. The Sedona court papers shed light on how market participants can manipulate the system, operated by the Depository Trust Company and known as FAST. The court papers argue that perpetrators have exploited the book-entry clearing system to “kite” stock by selling short shares and allowing the trades to fail, or covering them via surreptitious, off tape purchases that can drastically inflate a small-cap company’s outstanding float and greatly distort trading volume on the sell side.

Such a scheme was allegedly executed using Sedona stock by former Ladenburg executives working in concert with Rhino and its offshore network of hedge funds, U.S. market makers Wm. V. Frankel and Westminster Securities, and Thomson Kernaghan.

“The story here, in our belief, is about a rigged system. That rigged system occurs by virtue of a broker/dealer community that doesn’t deliver securities in a timely manner. We believe [the perpetrators] are aided by a lack of procedures at the DTC and the National Securities Clearing Corporation, each of which is owned by the broker/dealers,” Christian said last week in an interview in New York, where he was taking depositions for the case. “The case got much larger than just some bad guys and some money launderers when those guys found holes in the system and began using them profusely. They wouldn’t have been allowed to do this if everybody had been enforcing the rules that were created to keep this from occurring.”

Christian, of Christian, Smith & Jewell, and O’Quinn, of O’Quinn, Laminack & Pirtle, have devoted 70 attorneys to the 20 suits the Houston-based firms have filed against Rhino and other alleged perpetrators of the stock-kiting schemes. Christian says he expects to file similar suits on behalf of another 80 companies in the coming months.

“The Goldman Sachs of Small-Caps”

According to Sedona’s complaint, the scheme began to unfold shortly after Michael Vasinkevich and his team from Paul Revere Capital moved into Ladenburg Thalmann’s Long Island branch offices in the summer of 1999. There, they began soliciting financing business for Ladenburg’s structured finance group. At the time, Vasinkevich and the Paul Revere team were working with former Ladenburg executive vice president David Boris. Boris, now a managing director at Morgan Joseph, is a defendant in the suit. (All of the Sedona defendants contacted for this article declined to comment.)

Vasinkevich, in an August 1999 letter to Sedona’s CFO Bill Williams, asked Williams to consider using Ladenburg’s Secondary Offering Substitute and Private Placement Alternative, or “S.O.S.,” PIPE program to raise capital through a private offering. In the letter, Vasinkevich boasts of Ladenburg’s access to “$50 billion” of investment capital and trumpets Ladenburg as “the Goldman Sachs of small cap companies.” Vasinkevich goes on to describe the S.O.S. program as a “hard floor” convertible program that protects small-cap issuers like Sedona from short selling and arbitrage plays:

“S.O.S. . . . enables a company to raise funds when and as needed. The company sets a hard floor - a threshold price below which it will not issue any stock. The company knows exactly how much money it can receive every month during the life of the S.O.S. Product. Since the company decides when and how much money to draw down, the S.O.S. Product offers market ambiguity as to timing and dollars raised, keeping short sellers and arbitrageurs at bay.”

In what Sedona calls a “bait and switch” by Vasinkevich and former Ladenburg associate Thomas Tohn, Ladenburg allegedly agreed to provide up to $50 mil-lion over time through the S.O.S. program, beginning with a commitment to place up to $17.5 million. Sedona announced the initial agreement in January 2000. As part of the financing program, Vasinkevich subsequently suggested Sedona issue $3 million of variable-priced convertible preferred stock. He said it would “serve as interim financing in case our proposed underwritten common stock and warrant deal is delayed due to the SEC review of the registration statement,” according to a late December 1999 fax from Vasinkevich to Sedona’s Williams.

The Ladenburg PIPE did indeed include a $3.50 per share “hard floor” on the securities’ conversion pricing—but only for the first 90 days. After that, the fixed conversion price was replaced with a “floorless” pricing formula that used a conversion price equal to the lesser of $5.12 and “95% of the aver-age of the three lowest closing bid prices” of Sedona’s common stock during the 20 consecutive trading day period immediately preceding the conversion date, according to Sedona's S-3 filing for the offering.

Notably, the terms of the stock purchase agreement prohibited holders from engaging in any short sales of Sedona stock. Sedona executed the PIPE offering with Ladenburg in late March 2000. The company’s shares traded near $6 on the Nasdaq Small Cap Market.

The Offshore Players

Sedona agreed to pay Ladenburg a fee equal to 1% of the face value of an expanded $50 million shelf registration, plus 6% of the gross proceeds from each sale of the securities, and warrants equal to 7% of the gross proceeds. Ladenburg placed Sedona’s convertible securities with several funds managed by Rhino Advisors, Badian, and David Sims, a principal at Creon and British Virgin Islands-based Beacon Capital Management.

Rhino placed the Sedona securities with several offshore funds managed by Sims and a David Hassan of Gibraltar, including Amro, Roseworth, Markham, and Cambois Finance. Amro, which has invested more than $47 million in Rhino-managed PIPE deals according to private placement research firm Placement Tracker, is identified in SEC filings as a “sister fund” of Creon. Other filings declare Roseworth and Cambois as being wholly owned by Creon. Creon is also listed as the guarantor of another PIPE fund that uses the address of H.U. Bachofen in Zurich, Switzerland. Bachofen is, in fact, president of Amro. Finally, a funding announcement filed with the SEC in April 2000 by Stockgroup.com, a Rhino PIPE investment, states of Rhino that “in three years of operation its investment strategies have nearly quadrupled the base capital deposited into Amro and Creon.”

Several of Rhino’s funds, including Roseworth and Markham, are registered to a Lichtenstein-based law firm, Dr. Dr. Batliner & Partner. Batliner, who claims to hold two doctorates (hence the double Dr.), is a former German federal judge and confidant of former German chancellor Helmut Kohl. He has been the subject of investigations by German intelligence, reports of which were leaked to Der Spiegel, linking the doctor-doctor to money laundering operations with the Russian mafia, the Medellin drug cartel, the Ferdinand Marcos family, and Kohl’s Christian Democratic Union party.

Batliner has denied all wrongdoing. Nonetheless, Badian told The Daily Deal in October 2001 that Rhino had ceased doing business with Batliner after the allegations came to light. Christian said that Batliner and his firm would be added to an amended complaint in the Sedona case, expected to be filed soon.

With the $3 million of financing from the Ladenburg PIPE in hand, and a commitment letter from Ladenburg’s Boris to place up to $50 million in financing for the company over coming months, Sedona issued a press release in May 2000 announcing that it would increase its shelf registration to $50 million in anticipation of additional Ladenburg led placements. Ladenburg, however, would never fund even the original $17.5 million commitment announced in January 2000, despite alleged assurances from Ladenburg and Rhino that they could provide “all the financing the company would ever need.”

Within 90 days of closing the convertible preferred offering with Rhino, Sedona’s stock price would plummet from over $10.25 per share to less than $3, wiping away $195 million in value. By the end of 2000, Sedona’s stock hovered near $1 a share. Sedona executives, suspicious of trading patterns in its stock but still desperate for capital, would soon find themselves working on a second PIPE with Ladenburg and Rhino to retire the previously issued convertible preferred shares. It would be Sedona’s last offering as a Nasdaq-listed company.

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
  This topic comprises 87 pages: 1  2  3  ...  78  79  80  81  82  83  84  85  86  87   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share