posted
i see we are back to legal only at least for tonight. if you look at the new list perdo put out the give away on the clearing houses is the dates. they get the shares & within a week they are gone & sitting in the float. many are gone that day, almost every one that is 1 billion or more didn't last 1 day. also the chit about S-restricted shares not being in the o/s...lol....well not many S-restricted shares are still held most were sold quick or during that run in 2004 so i'd say those shares & any idea the cult had about them is a non-factor. many sure had short restrictions. notice UC kept enough shares to cover that little escroll deal but not much else. i think the rest of the casavant family needs to get Max in rehab as he is the only 1 still holding most of his free shares.
still this list just shows dilution. for an audit UC has to show why these ppl got shares or these companies. UC has to prove they either bought them & if not at full price why or if given to them what was the reason. good old ginger sure made out. the court was questioning what desormeua was paid at $1.5 million, looking at the dates on gingers shares if she sold what she surrendered at .0002 average she got $4.6 million, not bad pay for a secratary, excuse me, office manager. computer clearing is just that, the middleman between UC & the mm's. PTI trust, 71st street, & KRKA look to fall in that same area. PTI got a great deal of shares on the own by date for USCA divy but sold 3 days later. now if i remember right the divy attached to the shares. i wonder how that worked.
[ July 26, 2005, 00:59: Message edited by: bill1352 ]
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Pessimists see difficulty in opportunity, optimists see opportunity in difficulty."
DIFFICULTY????!!!!!! if that ain't the top understatement in the history of the stock market nothing is....lmao for it to be difficult there has to be some sort of solution. then again may the poster had trouble spelling or typing & meant to say definitely culty.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
By: dragon52 26 Jul 2005, 12:16 AM EDT Msg. 1054683 of 1054704 (This msg. is a reply to 1054545 by cmkx_suck2.) Jump to msg. # This will definitely be revoked... heres why....
"This Initial Decision shall become effective in accordance with and subject to the provisions of Rule 360 of the Commission's Rules of Practice, 17 C.F.R. ?201.360. Pursuant to that Rule, a party may file a petition for review of this Initial Decision within twenty-one days after service of the Initial Decision. A party may also file a motion to correct a manifest error of fact within ten days of the Initial Decision, pursuant to Rule 111 of the Commission's Rules of Practice, 17 C.F.R. ?201.111. If a motion to correct a manifest error of fact is filed by a party, then that party shall have twenty-one days to file a petition for review from the date of the undersigned's order resolving such motion to correct a manifest error of fact. The Initial Decision will not become final until the Commission enters an order of finality. The Commission will enter an order of finality unless a party files a petition for review or a motion to correct a manifest error of fact or the Commission determines on its own initiative to review the Initial Decision as to a party. If any of these events occur, the Initial Decision shall not become final as to that party."
__________________ Brenda P. Murray Chief Administrative Law Judge
1) CMKX has not filed a correction in 10 days of the ruling.
2) CMKX could file for a review but that is up in the air. What is there to review? The question is why did they not file. Since no correction to the facts have been filed within the 10 day limit, it should stand as submitted and thus there is really nothing to review.
3) Final decision will be rendered if no party partitions for a review... the SEC won't be doing that... for sure... is CMKX going to? LOL Got about 7 days left to do so...
Halt is permanent.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
there's a point in there somewhere. any appeal has to dispute facts presented in court. since it was ruled that the only evidence concidered would be about filing there isn't anything to appeal. there is nothing they can say about the form 15, it was wrong & UC should have called the t/a. they were 2 filings late then & lied on the second late filing paper. form 15 if correct meant they still had to finish the yr & its final report, didn't happen. still a good lawyer will find something to appeal even if its meaningless & everyone knows it. that is unless UC runs out of money first.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Wouldnt it be a laugh if UC had to sell the house to pay lawyer's bills????
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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Didn't expect any other kind of post from you. However, not everyone who comes in here has your "vast", or at least "half vast" knowledge of this stock and the many facets of their operations.
quote:
Yada, yada, yada Legalbeagle, maybe if you could lose the rose colored glasses for a while you might consider that UC's "half-vast" knowledge of drag racing is one of the reasons he formed this sham company. And greed too, of course.
Being the sharp shooter that you are, you surely realize it is no more than a ponzi used to satisfy UC and Family's absurd egos. Had they attempted to be a little less blatant, and publicized, they might actually have gotten away unscathed.
Posts: 81 | From: St Louis MO | Registered: Aug 2004
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posted
I think that was what he is saying. That since they didn't file in the 10 days showing there was an error in her ruling, then a review really is meaningless. If there was no manifest error with the Judges ruling that the form 15 was either a lie or a gross error so they must file, then there is no grounds to file a review for appeal.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
You really have to read the company's defense if you want to predict what they will do.
Remember, CMKX was denied the 60 days permitted to submit their filings, before charges were brought.
CMKX never disputed the "facts" that they failed to file. They disputed the SEC's authority to even bring the action and all affirmative defenses pointed to, or supported that fact.
In other words, they admit that they failed to file, they only challenged the authority. So it is reasonable to expect that their appeal strategy will only deal with that question of authority.
Respondent CMKM Diamonds alleges and believes that the Commission lacks authority to conduct the proceeding herein.
SECOND AFFIRMATIVE DEFENSE
The allegations of the Office of the Division of Enforcement fail to state a claim upon which the Commission can render sanctions as requested in Section III B of the Order Instituting Administrative Proceeding.
Posts: 2375 | Registered: Nov 2004
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posted
By: Bellingus 24 Jul 2005, 01:19 PM EDT Msg. 241854 of 242462 (This msg. is a reply to 241846 by golfer28409.) Jump to msg. # CMKX ~ golfer... Since you mentioned enemies, I'll just say this.
I'm not going to quote the source, so take it for what it is worth. Someone who is certainly in a position to know said something like, “When this is all played out, a lot of people are going to be very surprised to see UC shake hands with and thank someone who everyone though was one of the bad guys. This person is actually very instrumental in getting us to where we want to be.”
The name of the person wasn’t mentioned and I didn't ask. I found the statement very interesting because I have repeatedly said that people should be very careful when posting opinions about the ‘bad guys’ because not all is as it appears to be.
The other interesting tidbit was something I’ve suspected for a long time. All of the boards are being closely monitored. People who have consistently posted malicious and libelous statements about UC and the company are soon going to find themselves in a sh!t-storm with no toilet paper in sight.
Posts: 2375 | Registered: Nov 2004
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quote:Originally posted by legaleagle: Not if you don't recognize the authority of the court in the first place.
Question: How can you NOT recognize the ruling body. The SEC is charged with protecting investors. If they do not have the authority to bring these procedings, who does? This is not meant in an argumentative manner, just for my info.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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quote:Originally posted by ed19363: Wouldnt it be a laugh if UC had to sell the house to pay lawyer's bills????
I am praying that he has to
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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quote:Originally posted by legaleagle: Not if you don't recognize the authority of the court in the first place.
Oh Geez now the gang are above the law, don't recognize the authority of the court. That kool aid is way to strong Authority or not they are shutting it down.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
They can challenge the authority all they want, but it will yield them nothing. They are not untouchables and above the authority of the SEC. Where do you get such ideas. Because they say they can't be governed by the SEC doesn't make it so. LOL I have a jury summons, and I really don't want to take the time to go, but if I call up the court and say I am above jury selection and service, and don't recognize your authority to call me, guess where my ass will be???
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by will: They can challenge the authority all they want, but it will yield them nothing. They are not untouchables and above the authority of the SEC. Where do you get such ideas. Because they say they can't be governed by the SEC doesn't make it so. LOL I have a jury summons, and I really don't want to take the time to go, but if I call up the court and say I am above jury selection and service, and don't recognize your authority to call me, guess where my ass will be???
I am sure the company recognizes the authority of the SEC to act "legitimately" It is when they act outside the scope of their legal authority that they do not have to be recognized.
Posts: 2375 | Registered: Nov 2004
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posted
"I am sure the company recognizes the authority of the SEC to act "legitimately" It is when they act outside the scope of their legal authority that they do not have to be recognized."
Well, we will soon see if they acted outside the scope of their legal authority. If you are now hanging your hopes of riches on that little pearl of idiocy, I think you have problems. It will be revoked, they have the authority.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by will: They can challenge the authority all they want, but it will yield them nothing. They are not untouchables and above the authority of the SEC. Where do you get such ideas. Because they say they can't be governed by the SEC doesn't make it so. LOL I have a jury summons, and I really don't want to take the time to go, but if I call up the court and say I am above jury selection and service, and don't recognize your authority to call me, guess where my ass will be???
I am sure the company recognizes the authority of the SEC to act "legitimately" It is when they act outside the scope of their legal authority that they do not have to be recognized.
So what you're saying is that the SEC does not have the authority to force companies to file or revoke them if they dont?? I really dont understand the logic.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
first cmkx was 2 yrs late in filing the last of 2002 & 1 yr late in 2003 stuff. read the rules. filing that form 15 even if it was not a lie did not mean they could forget the stuff that was late before the form 15. if your looking for a cmkx loophole yuou first better start at the beginning. they would still have to file everything for the yr the form 15 was filed. the SEC wasn't early in taking action they were extremely late. action should have been taken when cmkx lied on the second extention. the cult only wants to see chit they think can excuse UC. fact is they should pissed at the SEC for not shutting cmkx down in 2003 for lying on legal forms (second extention) then they wouldn't be stuck in a scam. & if someone wants to know on my door for calling cmkx a scam they better first prove its not.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
The law is clear, they had 60 days to bring their filings up to date. They weren't charged with an illegal filing of the 15 so that is irrelevant whether it was or not. They weren't given 60 days to complete the filings. Everything that followed the premature placing of the charge of not filing was illegal.
Posts: 2375 | Registered: Nov 2004
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posted
I sure do hope UC shoots himself before anyone else shoots him. His life is not worth 1 day of the time that person would have to spend in prison. Better UC goes to jail for a nice long time and the inmates have their way with him.
STAY SAFE UC!! WE WANT YOU IN PRISON TO SEE YOUR OLD GUARD BUDDIES FROM THE OPPOSITE SIDE OF THE BARS.
legal,
Send the above off to UC so he knows we want him to be careful and safe.
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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"I'm not going to quote the source, so take it for what it is worth."
"The other interesting tidbit was something I’ve suspected for a long time. All of the boards are being closely monitored. People who have consistently posted malicious and libelous statements about UC and the company are soon going to find themselves in a sh!t-storm with no toilet paper in sight." --------------------
What it is worth is absolutely zero, nil, nada!
I suspect legal reposted it to try to scare someone off from expressing their opinions. Won't work, legal! There's a first ammendment in case you are not aware of it.
As usual an unnamed source, secret information, etc. What a pile of crap!!!
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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posted
Shhhh.... everything is a secret. It's part of the master plam. Somebody wake up that damn judge and tell her time's up !!!!!
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
No legal is not alone i am here,,, could not post all day for some reason. But I am back now. And legal is right,,, it is a simple due process violation. In simpler terms so you bashers can understand,,,, If you loan some one money, you can not win a collection suit against them for non-payment if they tried to pay and you refused the money.
COBRACOBRA
-------------------- I don't play well with others, and have a problem with authority. I love to see the big guy fall to the under-dog. Posts: 192 | From: New Jersey - Armpit of the World | Registered: Jul 2005
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quote:The law is clear, they had 60 days to bring their filings up to date.
The judge addresses that very issue in her ruling:
Finally, at the hearing on May 10, 2005, CMKM Diamonds argued that its periodic filings were only delinquent by twenty-two days.15 (Tr. 51-57; Resp. Post-Hearing Br. at 2, 5-7, 15-16.) However, CMKM Diamonds knew that revocation of the Form 15 required CMKM Diamonds to file all missing periodic reports within sixty days, or by April 18, 2005. (Tr. 324.) As of the date of this Initial Decision, CMKM Diamonds had not filed the missing reports. Therefore, even if I accepted CMKM Diamonds's position that it acted in good faith and believed that the representations in its Form 15 were true, it is still in violation of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by Wallace#1: From legal's repost above:
"I'm not going to quote the source, so take it for what it is worth."
"The other interesting tidbit was something I’ve suspected for a long time. All of the boards are being closely monitored. People who have consistently posted malicious and libelous statements about UC and the company are soon going to find themselves in a sh!t-storm with no toilet paper in sight." --------------------
What it is worth is absolutely zero, nil, nada!
I suspect legal reposted it to try to scare someone off from expressing their opinions. Won't work, legal! There's a first ammendment in case you are not aware of it.
As usual an unnamed source, secret information, etc. What a pile of crap!!!
The first amendment does not permit libel and slander.
Posts: 2375 | Registered: Nov 2004
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posted
BTW, I have been listening off and on all weekend and yesterday to you guys spouting off about Urban and family unloading shares. Did you all note that that list was from 12-31-04? That covers trading from 7 to 19 months ago. How many of those shares were sold during the run-up at 10 to 11 times their original value, and then used to purchase back 10 or 11 times (at recent pps) the number of shares originally held. I know you all are desperate to find something negative, but over the last 7 months a lot of shares have changed hands. Do you know where they ended up? Who has them now?
[ July 26, 2005, 16:46: Message edited by: legaleagle ]
Posts: 2375 | Registered: Nov 2004
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Thats 153 billion shares legal and me and bill have been talking about that too. They were the clearing house that sold shares being diluted to market.
153,871,417,699 to be exact look at bottom of this page for total.
Now for some catch up. Ric: "They were the clearing house that sold shares being diluted to market."
So you are saying that they were complicit in the dilution of shares by Urban? They purchased them direct and bypassed DTCC and CEDE to accomplish this?
Posts: 2375 | Registered: Nov 2004
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posted
"How many of those shares were sold during the run-up at 10 to 11"
EVERY FRIGGIN ONE OF THEM
"Who has them now?"
FOOLS
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
...and you do have proof? You can't prove one of your fantasies. I've been asking you for a year, and you offer only new skyblue and eyewash.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
"Probably the OG, faithful, cult members. Who the hell else would want to buy them?"
Like I said fools. Oops, Am I being libelous there. I better be careful !
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
It just boggles the mind to hear this. I just don't know how to respond to legal in his posts today. Stand back, put the koolaid on the ground and your hands on your head. The insane asylum will be here soon with the straight jacket.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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