posted
We're always ok, legal. Actually I am civil, believe it or not. I may even mitigate my position about not liking you. I probably could tolerate you, but I don't like your behavior and beliefs regarding this stock. But we're safe, you couldn't tolerate me, and that's ok.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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quote:Originally posted by Ric: Who's money does the cult think UC was using at the slot machines were he met his client. Man, how can I get a job like that. But really with the evidence presented over the last couple weeks and they still refuse to see the truth really is sad. Money lost forever.
I assume he reached in his wallet and took out money that was paid to him as a CEO of a major diamond exploration company, which should be considerable. (Considering the cr@p, bashing and false allegations he has to put up with.)
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posted
Sort of like he reached into his wallet and invested $15 million dollars. I like that kind of a salary. But I guess if you don't have any accountability then you can pay yourself anything you like. Since the shareholders don't care to know where there money is going.
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by Ric: Sort of like he reached into his wallet and invested $15 million dollars. I like that kind of a salary. But I guess if you don't have any accountability then you can pay yourself anything you like. Since the shareholders don't care to know where there money is going.
You are all assuming that UC and family had no money prior to CMKX. They are descendants of Frères Casavant the famous builder of pipe organs.
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Legal did make me think about something. So I went back the the books 2003 and 2004. I do think its odd that he lists deposits as debits in some cases and credit in others but thats not it.
No where in the accounting books does it show salary for UC or anyone for that much; NO payroll taxes, FICA, or Medicare. There is no entry for any payroll expenses. Now isn't that odd. So where did UC get 15 million to private invest. Selling Amway, renting U-hauls, or did he save his money when he was a prison guard.
How did he pay for his house (even though a Vegas real Estate firm got 10 million dollars in shares), a hummer, 15 million personal investment, slots machines in Vegas, and Will's dream girls. Yet no salary. But then too why did the Accountant write a 10A letter?
-------------------- Invest with your brain not with your heart.
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Thats the reason he was a prison guard and sold Amway and a U-haul salesman. I know so many multi-millions that do these as side jobs. Will, do you think he is pulling our legs or does he believe that?
quote:Originally posted by will: "Frères Casavant the famous builder of pipe organs."
Stop yourself man !
-------------------- Invest with your brain not with your heart.
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Hey, you know how much a good pipe organ would cost you , Ric. LOL Big demand for those pipe organs. I need a break. Think I'll go clean my garrage. Hey, legal, can I count on you for more laughs when I return, I'll give you a couple of hours.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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I concluded this morning a 45 minute conference call with Urban and a representative of Don Stoecklein's office. Don remains unavailable. Urban has been out of the country and away from phone contact most of the past week. The discussion was very amiable and informative. Some tough questions were asked. Explanations were made regarding the lack of communication this week.
The 8k issued this morning explains the ongoing problems with the auditor. I appreciate those that have offered their services for audit monitoring duty but there will be no immediate need for such help. I am retaining your info for future reference. If any of you with auditiing experience would like to comment on the letters in the 8k, I would be glad to hear your thoughts from an accounting perspective. The company continues to spend valuable time and money attempting to engage an auditor that will actually produce auditable financials. It seems to me that once an auditor receives a $25,000 due diligence fee before accepting emploment, and he then signs an engagement letter it would have to be some pretty unusual circumstances to assert that you cannot perform the audit. I share your pain, folks.
Mr. Stoecklein's office is filing a Petition for Review in the decision handed down by Judge Murray. I am reviewing a rough draft of the petition. The appeal will be filed before Tuesday per Mr. Stoecklein's office. I will post a copy when the original is filed.
I plan on withdrawing my request for an inspection at this time. One of the problems with the audit process is the company's ability to provide sufficient documentation of all matters requiring disclosure. Much discussion took place this morning regarding the problem with the audit. I believe any significant inspection to which we may be entitled to perform at this time, may potentially interfere with any ongoing efforts of the company to get financials filed. I do not wish to interefere with any operations at this point knowing that the revocation is being appealed.
Urban stated emphatically that CMKX shareholders own the American Shaft. I asked Urban about the wording on the Nevada Minerals website and he was not hesitant in saying that CMKX owns the shaft and Nevada Minerals produces out of it. My conversation with Urban leads me to believe there has been no disposition or sale of any assets or claims in recent months to any third parties, nor is there any plan for the sale of any assets at this time or in the near future.
I understand someone has seen a tv ad promoting the Dateline story this Sunday night. Now that should be interesting.
Onward,
Bill
-------------------- Invest with your brain not with your heart.
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Maybe you two should take all this pipe and organ talk to the qbid thread.... J/K I agree that withdrawing the request for review was a mistake. Keep the heat on him, i want some info.
-------------------- 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.
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posted
I figured this would be posted by now. A copy of the Petition for review is posted on Frizzy's website. All it does is take each count the Judge set forth and said it wasn't true. Really is funny in a way but what else can they say.
posted
"No where in the accounting books does it show salary for UC or anyone for that much; NO payroll taxes, FICA, or Medicare. There is no entry for any payroll expenses. Now isn't that odd. So where did UC get 15 million to private invest."
Ric, that is precisely what I was trying to get through to legal previously. I saw the lack of payrolls, etc in the Ledgers you provided us. That is what I meant by "UC's fairy godmother".
That General Ledger also made reference to "Loans Payable", showed it as having to do with issuances of stock for reduction of debts. What debts. To whom? The words "Loans Payable" alone suggest a credit, not a debit as shown unless it was showing a debit for an Expense having been paid with that stock. Questions would still exist as to what, why, who, etc. Non-arm's length insider dealings? If they were loans to CMKX, what happened to the money loaned to CMKX?
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"It seems to me that once an auditor receives a $25,000 due diligence fee before accepting emploment, and he then signs an engagement letter it would have to be some pretty unusual circumstances to assert that you cannot perform the audit. I share your pain, folks." --------------------
The OG, faithful, cult members don't have to read between the lines to know what Frizzy is suggesting above...."some pretty unusual circumstances".
posted
Someone ran the Petition through a OCR if they want to copy and paste anything from it. Not sure why though. It said nothing other then liar liar pants on fire, please set aside the judgement.
quote:Originally posted by Ric: I figured this would be posted by now. A copy of the Petition for review is posted on Frizzy's website. All it does is take each count the Judge set forth and said it wasn't true. Really is funny in a way but what else can they say.
By: stockshockers4 29 Jul 2005, 08:11 PM EDT Msg. 1059200 of 1059223 Jump to msg. # cmkx lawyer say's it ain't true ' da judge is a liar!!!
lol
I agree Ric, it is a very weak motion. Once again, ask yourself why it is so weak. I guess you could say that Stoecklein is a weak attorney. LOL Study some of his past cases. It is apparent that they want revocation. And from the motion, I would guess they'll get it.
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quote:Originally posted by Wallace#1: "No where in the accounting books does it show salary for UC or anyone for that much; NO payroll taxes, FICA, or Medicare. There is no entry for any payroll expenses. Now isn't that odd. So where did UC get 15 million to private invest."
Ric, that is precisely what I was trying to get through to legal previously. I saw the lack of payrolls, etc in the Ledgers you provided us. That is what I meant by "UC's fairy godmother".
That General Ledger also made reference to "Loans Payable", showed it as having to do with issuances of stock for reduction of debts. What debts. To whom? The words "Loans Payable" alone suggest a credit, not a debit as shown unless it was showing a debit for an Expense having been paid with that stock. Questions would still exist as to what, why, who, etc. Non-arm's length insider dealings? If they were loans to CMKX, what happened to the money loaned to CMKX?
Wallace, I am sure as a talented accountant that you notice that it is headed "Draft" copy. It's only the numbers that were available from limited documentation left over from Desormeau.
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Actually Legal, I think they had no plans to file anything. Then Frizzell wrote that letter yesterday and they got together and said we need to do something to shut this guy up. It looks like it took about an hour to type by his assistant.
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by Wallace#1: As per Frizzy:
"It seems to me that once an auditor receives a $25,000 due diligence fee before accepting emploment, and he then signs an engagement letter it would have to be some pretty unusual circumstances to assert that you cannot perform the audit. I share your pain, folks." --------------------
The OG, faithful, cult members don't have to read between the lines to know what Frizzy is suggesting above...."some pretty unusual circumstances".
Wonder how they would answer that inference.
GO GET 'EM FRIZZY!!
How would they answer? The same way Frizzell did. Why did the auditor sign on if he had done proper due diligence on this company? Wasn't it apparent, even to us, from the hearing that this company's books were "messed up".
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Now folks, go back to page 32 of this thread and pull up all those sites where it lists shares having been issued as of 12/31/2004.
There is NOT ONE reference to any loans having been paid off with shares. Certainly, such a loan payoff would have warranted an entry explaining such issuances.
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Notice Frizzell didn't ask for the last e-mail update not to be posted. Yesterdays public posting said why but most seemed to overlook it.
Frizzle was clear that the SEC lawyer Hakula told him he could not disseminate information. Thats why this e-mail didn't include the keep it off the board statement. Frizzle can go to jail if he tries an hides information that is needed by all shareholders or potential shareholders. It is called insider information no matter how innocent it may appear to you. If the information could cause someone to hold or sell then he is in big trouble. And saying he talked to UC and they own the American mines and the Appeal is on after what has been going on could be considered just that. This isn't like your personal lawyer representing yourself. His choices or action can effect all shareholders.
posted
To me it was easy to see that the Accountant contacted the SEC in regards to the information she found and asked them for advise. They probably said you need to file a 10A and may want to run fast if this is going on in the company. Of course this is IMO just like yours is legal. You have no proof that the SEC didn't do just like I said, like you have no proof in the allegations you have made about the SEC. Then too thats if the statement was even actually said, hearsay. But mine makes more sense if it was with the 10A being written. Yet the accountant did not quit. She was fired for not showing up to a meeting and filing the draft 10A.
-------------------- Invest with your brain not with your heart.
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L: "Wallace, I am sure as a talented accountant that you notice that it is headed "Draft" copy. It's only the numbers that were available from limited documentation left over from Desormeau."
W: Get real legal! That was the General Ledger, not some scribbled note from your pal, Glenn.
PS: For those of you who do not know, the General Ledger is where everything is supposed to be recorded as to CMKX's daily activities showing a cumulative and running balance of each account. It is from the General Ledger that the Balance Sheet, the Income Statement, the Source and Use of Funds Statement (aka Statement of Cash Flow) and other documents required to be filed with the SEC originate.
posted
Talk about Qbid, man did they plummet this week. Glad I got out with a profit. Started to buy back at .0016 and glad I didn't. .0013 today. I hope you got out there bill. GOT TO LOVE THESE PENNY STOCKS. Man I had to sell to buy more CMKX, roflmao. But I did make a killing on that stock last year. But it sucks this year, more ways then one I guess.
quote:Originally posted by cobracobra: Maybe you two should take all this pipe and organ talk to the qbid thread.... J/K I agree that withdrawing the request for review was a mistake. Keep the heat on him, i want some info.
-------------------- Invest with your brain not with your heart.
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I'm called little buttercup, sweet little buttercup, though I will never know why.
Isn't that an old song that I should be ashamed I know? Wallace, I promise I'll do everything in my power to make sure you're not called "buttercup" from now on, I mean Shakeman was bad enough!
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quote:Originally posted by Wallace#1: "I agree that withdrawing the request for review was a mistake. Keep the heat on him, i want some info."
Sure looks like you are swaying a bit to the basher side, huh, "skunkweed"? I would much rather be a "buttercup"!
PS: Legal, better get the snake back in formation!
Wallace check those new "meds". This is twice today. You gotta keep up buddy. Frizzell wasn't referring to withdrawing the "request for review" he was referring to withdrawing the motion for inspection of CMKX books, that he threatened last night.
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