quote:Originally posted by Upside: I forgot about Wallace. He'll never abandon us. Upside, Wallace & Will, what company I keep!
Hey, fartface, what's that supposed to mean? LOL
My how soon we forget..... lol What about dustoff, doc, dwman, legal, etc... Hello my friend. I hope you are doing well. Happy 4th of July!!! Hello to all the rest.
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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.
Hey bill, I see you made headlines on ********32. I hate to correct you bill but money laundering is when you leave change in your jean pockets and wash them. Hope you are doing great.
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Yesterday at 3:48pm, CaliforniaLouis wrote:If we become wealthier?
Classic from Father Guido Sarducci:
To be made a saint in-a the catholic church, you have to have-a four miracles. That's-a the rules, you know. It's-a always been that-a. Four miracles, and-a to prove it. Well, this-a Urban Casavant-now they could only prove-a three miracles. But the Pope-he just waved the fourth one. He just waved it! And do you know why? It's-a because He was Canadian. It's all-a politics. We got-a some Italian-a people, they got-a forty, fifty, sixty miracles to their name. They can't-a get in just cause they say there's already too many Italian saints, and this Canuck comes along with-a three lousy miracles. I understand that-a two of them was-a card tricks.
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posted
By: Daulphin 20 Jun 2005, 12:41 PM EDT Msg. 228257 of 233849 Jump to msg. # Here is the PDF file for
Saskatchewan Exploration and Development Highlights 2004 Our companies mentioned in this report
CMKM Diamonds Inc. Page 23 As well as United Carina Resources Corp and Consolidated Pine Channel Gold Corp
10.6 Smeaton Property CMKM Diamonds Inc., 25%, operator; United Carina Resources Corp., 25%; Consolidated Pine Channel Gold Corp, 25%; US Canadian Minerals Inc, 25%
United Carina Resources Corp also mentioned on Page 29 Notice where it states DIAMOND PROPERTIES above the listings
UCA-KPC Approximately 72 claims Commodity: Diamond Assays: Pending Mineralization Type: Magmatic(kimberlite) United Carina Res. Corp. Rick Walker (306)664-3828
Consolidated Pine Channel Gold also mentioned on Page 25
12.0 ACKNOWLEDGEMENTS Personnel at Cameco Corporation, Claude Resources Inc., COGEMA Resources Inc., Consolidated Pine Channel Gold Corp., De Beers Canada Exploration Inc., Erana Mines, GLR Resources Inc., Golden Band Resources Inc., Golconda Resources, Great Western Minerals Group Ltd., Hudson Bay Mining and Smelting Co. Ltd., JNR Resources Inc., Kensingston Resources Ltd., Shore Gold Inc., and UEX Corporation, are thanked for contributions and/or reviews.
Petro Plus mentioned on Page 17
Petro Plus Inc. George Lake, Reserves and Resources, (Metric Tonnes)2 630 880 ZN (zinc) 3.67
MY THOUGHTS now. CIM had zinc supposedly at George Lake(aka Brakewell). Petro Plus Inc has zinc at George Lake. Urban had connections with Petro in the past. Could it be?
Page 17 shows this chart Table 3: Published reserves for select Base Metal deposits in Saskatchewan. Owner (s) * Reserves and Resources % g/t Property (Metric Tonnes) Cu Zn Pb Ni Co Au Ag MINEABLE RESERVES Foran Mining McIlvenna Bay 14 500 000 0.91 6.08 0.40 - - 0.45 23.70 Hudson Bay Mining Callinan Sask Portion 364 160 1.21 3.15 - - - 1.55 19.06 Hudson Bay Mining Konuto Lake 500 000 3.90 1.40 - - - 2.10 8.60 GEOLOGICAL RESOURCES Leader Mining Knife (Mokoman) International Inc. Lake 20 000 000 0.74 - - - - - - Claude Resources Elizabeth Lake 4 985 938 0.73 - - - - - - Boart–Longyear Brabant/PEG 4 857 851 0.57 5.19 0.28 - - 0.22 22.59 Hudson Bay Expl. FON Zone 4 650 307 - 4.60 - - - - - Con. Pine Channel Axis Lake 3 402 000 0.60 - - 0.60 0.15 - - Petro Plus Inc. George Lake 2 630 880 - 3.67 0.53 - - - - Aur Resources Schotts Lake 1 983 850 0.61 1.35 - - - - - Aur–Cameco Corp. Bigstone Lake 1 451 000 2.90 - - - - - - 308 000 - 11.20 - - - - - Shane Resources Brownell Lake 1 251 900 0.56 1.75 - - - - - Cons. Pine Channel Currie Lake 47 536 - - - 0.79 - - - ------------------------------------------------------------------------------------------------ So sorry I do not know how to do this better with the columns.
Make sure that you look at this excellent map that is on Page 30 of this PDF. It has coloring with numbers that show where diamond, uranium, gold etc is and where the roads, cities etc are. Awesome map imo.
posted
dwman, you still haven't seen the light yet? Turn from the darkside. Doc is starting a support group for ex koolaid drinker, KAA. He said he's charging $25.00, lol.
Smile its the 4th, Hope you and everyone has a great 4th. I know that I will because I am spending it with my wonderful family.
-------------------- Invest with your brain not with your heart.
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posted
Bill, nice July 04, 2005 10:40 AM post at the bottom of the last page by Brett Goetschius.Interesting... I see it's a part one of a three-part series,can't wait to see how it ends,LOL.The SEC and the the DTC's loopholes... sounds like a clash of the titans.
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posted
Sure, happy 4th, not a chance of that happening here. You see, Upside got arrested last night. Every 4th my neighbor and I buy a ton of fireworks from a wholeseller that we know and light them off for our whole neighborhood. Last night was the night to light them. We had everything set up and had just started when after about 15 minutes, there's a cop standing right next to me. No idea how he got there as we were down in a secluded valley where we could see anyone coming from any direction but somehow he snuck up on us. Damn cop took a look at our set up and just started laughing. He was impressed that we had taken precautions, we had two fire extinguishers and a hose run from the neighbors house, but it didn't save us each a 350 dollar fine and all our stuff confiscated. So, after blowing about a grand on a boatload of fireworks, then getting a 350 dollar fine, here it is the 4th of July and all I've got left is a box of sparklers. Yipee!!
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I set some off last night with a bro-in-law and company.Some big mamer jammers too.One misfired and it was commin' out the side, and I took one on the leg.No hair left on the point of contact.LOL!I was like walking along a lake of fire,what a rush.Damn, that was fun.Round two tonight!
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posted
when i was a kid, i had some leftover cherry bombs. i had some in my pocket while squirrel hunting. my dog treed a squirrel in a hollow tree and i could not scare him out so i climbed the tree, lit a cherry bomb and dropped it into the hole he went in. the bomb went off and the squirrel came flying out of that ole hollow tree with a big patch of fur missing. they pack a punch.
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Always knew you had criminal tendencies. LOL Sorry for your loss.
Man, that cop sure got his quota filled with you, huh? Bast-rd wouldn't look the other way? Bet that SOB speeds on highways all the time when in his personal vehicle too.
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posted
upside you have criminal intent written all over ya anyway...lol i live right off a main river, connects 2 great lakes. every yr the little town has a huge fireworks display on the river...town of 2000 gets 150K ppl in it for that night. they did very well this yr, great show.
happy 4th everyone
-------------------- "keep your stick on the ice & your cup firmly in place"
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Yeah, well, I bought CMKX and.....oh, wait a minute, so did you. I guess we're even. But, in addition to getting arrested, my dog blew out one of his front wheels last night. Don't know how it happened but we got out of bed this morning and the dog comes hobbling up to us, walking like he's crippled. I tell ya, there are days when I wake up and there's only one thought that keeps me going, when I'm down in the dumps I just tell myself, "It could be worse Upside, you could be Will". That always puts a smile on my face.
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quote:Originally posted by Upside: Posted by dwman:
quote:No you are not! I am.
Yeah, well, I bought CMKX and.....oh, wait a minute, so did you. I guess we're even. But, in addition to getting arrested, my dog blew out one of his front wheels last night. Don't know how it happened but we got out of bed this morning and the dog comes hobbling up to us, walking like he's crippled. I tell ya, there are days when I wake up and there's only one thought that keeps me going, when I'm down in the dumps I just tell myself, "It could be worse Upside, you could be Will". That always puts a smile on my face.
Darn you Upside... I hate being your straight man. Wait!!! I am straight. You are the one with the pink skirt.
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posted
Upside, of all the people on the board... and I love all you guys... I probably have missed your humor most. Hope all is well with you. It must be the pink dress. But come to think of it, wallace and will come up with some pretty good stuff. Some times my sides hurt from laughing after reading this board. Goodnight to all.
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quote:Originally posted by Upside: Sure, happy 4th, not a chance of that happening here. You see, Upside got arrested last night. Every 4th my neighbor and I buy a ton of fireworks from a wholeseller that we know and light them off for our whole neighborhood. Last night was the night to light them. We had everything set up and had just started when after about 15 minutes, there's a cop standing right next to me. No idea how he got there as we were down in a secluded valley where we could see anyone coming from any direction but somehow he snuck up on us. Damn cop took a look at our set up and just started laughing. He was impressed that we had taken precautions, we had two fire extinguishers and a hose run from the neighbors house, but it didn't save us each a 350 dollar fine and all our stuff confiscated. So, after blowing about a grand on a boatload of fireworks, then getting a 350 dollar fine, here it is the 4th of July and all I've got left is a box of sparklers. Yipee!!
You should have plead the 5th
-------------------- I work a 40 hr week for a living,sending it on down the line.
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posted
CMKM shareholders' big short motion draws SEC objection
2005-07-04 19:42 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
by Lee M. Webb
CMKM Diamonds Inc. shareholders represented by Texas lawyer Bill Frizzell have drawn a rather terse objection from the U.S. Securities and Exchange Commission (SEC) to a motion to introduce evidence of naked short selling into an administrative proceeding against the company. The U.S. regulator claims that alleged naked shorting is irrelevant to the proceeding.
The SEC enforcement division is asking Chief Administrative Law Judge Brenda P. Murray to revoke CMKM's stock registration for failing to file periodic reports as required by U.S. securities laws.
While CMKM is represented by Donald Stoecklein, Mr. Frizzell has been allowed limited participation in the proceeding as counsel for several thousand shareholders known as the Owners Group.
Many of the members of the Owners Group believe that the massively diluted pink sheet company headed by Saskatchewan native Urban Casavant has been the target of an enormous naked short selling campaign. Mr. Frizzell, who is also a CMKM shareholder, evidently shares that belief.
In a prehearing order, Judge Murray ruled that evidence of alleged naked shorting was irrelevant and was excluded from the proceeding.
Notwithstanding that order or an explicit ruling that Mr. Frizzell could not present evidence in the proceeding, the Texas lawyer filed a June 28 motion asking for permission to file an exhibit that he claims provides "evidence of enormous amounts of naked short selling."
By Mr. Frizzell's tally, based in part upon brokerage statements for approximately 10,500 accounts of CMKM shareholders, there are hundreds of billions more shares in circulation than the 703.5 billion issued and outstanding according to the company's records.
"The evidence confirms that over one trillion shares (some estimates go as high as two or three trillion shares) have been sold through various brokerage houses to investors that were unaware of the illegal manipulative selling of this stock," Mr. Frizzell claims.
According to the SEC, however, Mr. Frizzell's proposed evidence is questionable and, moreover, has no bearing on the matter at hand.
Frivolous
"The Owners Group's eleventh hour motion directly contravenes two of this court's prior orders," SEC lawyer Leslie Hakala claims in her June 30 opposition to Mr. Frizzell's motion.
Ms. Hakala goes on to cite an April 12 ruling granting Mr. Frizzell only limited participation in the proceeding and a May 5 order excluding evidence of alleged naked short selling.
"The Owners Group acknowledges these orders, yet provides no meaningful reason why each does not separately preclude its motion," Ms. Hakala says.
In a footnote, the SEC lawyer remarks that if the Federal Rules of Civil Procedure applied to the administrative hearing, the Owners Group motion would likely meet the standard for sanctions for legally frivolous arguments based on its flagrant disregard for Judge Murray's previous orders.
Narrow questions
"As this court has stated on numerous occasions, the only questions at issue in this limited proceeding are whether CMKM Diamonds Inc. violated federal securities laws by failing to file required periodic reports and, if so, what action is necessary and appropriate for the protection of investors," Ms. Hakala states.
"As this court already held, market activity in CMKM Diamonds' stock -- including alleged naked short selling -- is simply irrelevant to these narrow questions," the lawyer continues. "The Owners Group offers no basis for revisiting this determination, and thus its materials should not be admitted as evidence."
Bad to the core
Ms. Hakala does not mince words in offering her characterization of what lies at the core of the pleadings advanced by CMKM shareholders.
"The Owners Group's core argument (both in this motion and its other pleadings) seems to be that this court should maintain the liquidity of CMKM Diamonds' stock (by refusing the Division's revocation request) so that current shareholders may retain the option of selling their holdings to unsuspecting members of the investing public," Ms. Hakala says.
According to the SEC lawyer, the enforcement division "recognizes the negative impact that revocation may have on CMKM Diamonds' current shareholders," but any shareholders who purchased the stock have already been harmed. In order to recoup their losses, they would have to dump their worthless shares on other investors, resulting in further harm.
In a footnote, Ms. Hakala suggests that Mr. Frizzell's claim that the SEC "must bear some responsibility" for "the illegal manipulative selling of stock" because it did not bring an enforcement action sooner is hard to square with the Owners Group urging the court to deny the revocation request.
"This argument makes little sense, and misses the point of the proceeding -- to protect the investing public from making uninformed decisions," Ms. Hakala states.
In a further footnote, Ms. Hakala says that the Owners Group motion arguing the plight of shareholders who purchased CMKM shares while ignorant of the true state of affairs "itself highlights the problems caused by CMKM Diamonds' chronic and ongoing failure to file periodic reports."
Dubious documentation
"Finally, the Division opposes the motion because there is no way to verify the authenticity or reliability of the Owners Group's proposed exhibit," Ms. Hakala argues.
According to the SEC lawyer, Mr. Frizzell makes "some effort to authenticate the 'written summary of the voluminous documents'" by means of an affidavit sworn by Owners Group member John Martin, "but does not even attempt to authenticate the underlying documents that it wishes to introduce."
"Unless those underlying documents can be authenticated, neither can the summary," says Ms. Hakala.
"For the foregoing reasons, the Division asks this court to deny the motion," Ms. Hakala says.
Spotlight
In a final footnote, the SEC lawyer also opposes Mr. Frizzell's request that the entire proposed exhibit be filed under seal in order to shield the personal information of the CMKM shareholders who submitted brokerage statements and other documentation from public scrutiny.
"The Commission properly instituted this matter as a public administrative proceeding and, particularly in light of the unusual level of public interest in this proceeding, it is important that the public have access to the entire record," Ms. Hakala argues.
"Indeed, the Division believes that in the past two years altogether too much information has been withheld from CMKM Diamonds' shareholders and potential investors," Ms. Hakala remarks, rounding out her final footnote.
It remains to be seen whether any of Mr. Frizzell's claimed evidence of naked shorting will be brought under the public spotlight.
The saga continues.
-------------------- Invest with your brain not with your heart.
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posted
I don't figure he is. He did his job. Just as the SEC attorney is doing hers. Frizzel made some off remarks in his motion and the SEC lawyer did in her reply. Lawyers do this all the time. Tit for tat. As Frizzel stated in his Paltalk, the SEC attorney is representing her client to her best ability like Frizzel is representing his. Now its up to the Judge. And it is pretty clear from her past judgements, if CMKX doesn't file something before her decision then it will be revoked.
-------------------- Invest with your brain not with your heart.
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posted
ok...i think i need a brake from pb32...my head hurts. this thread there on multiple streams of income from CIM...my brain can't function in that contorted fashion. citigroup is back in, 10% royalites from CIM, payoff on the naked short. CIM is ready to IPO. i made a comment on just what a mine bringing in $100 million a yr would give out for a 10% royalty with at least a 20 billion o/s...$500 per million shares of CIM.... it was pointed out that i was short changing that royality as in it would be much higher because of the jv companies.......how can a functioning human even think the shareholders of another company would donate their profit to CIM...in fact i forgot that on most of the claims cmkx holds less then 25% because of the USCA & SGGM deals.
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
"The Owners Group's core argument (both in this motion and its other pleadings) seems to be that this court should maintain the liquidity of CMKM Diamonds' stock (by refusing the Division's revocation request) so that current shareholders may retain the option of selling their holdings to unsuspecting members of the investing public," Ms. Hakala says." ---------------
Exactly what I have been saying in more ways than one for over a year....not about revocation but about the aims of the cult members in general.
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posted
truth is wallace the OG should have been sitting next to hakala in court. they should have been demanding the same stuff the sec is a yr ago at least, not saying "UC loves us & would never do us wrong". i have an idea criminal charges are not to far off & UC is hoping to avoid them by not filing anything. taking the 5th would tend to lend credence to that idea
-------------------- "keep your stick on the ice & your cup firmly in place"
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posted
I have a very simple question that is probably going to get a very complicated answer but here goes:
It seems to be the sentiment nowadays that it was UC's plan all along to get revoked so he can roll all of the assets into CIM. If that is the case, why go through all of this hoopla to accomplish it? Why not effect the transfer of assets while CMKX is still operating then shut it down once done? Same end result and a much cleaner way of achieving the same goal.
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