posted
where is this stock going. It looks like it may hit .0003 by the end of the month. You might be better off getting some Bhwk. Bhwk will be at .0009 by Friday.
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I know that there was people involved in this scam. There had to be people to help hide the money. Whether UC started the company with this in mind or the so called bad guys talked him into it afterwords it doesn't matter now. We know it started when he stopped filing at least. But the evidence is clear that UC was involved. But it still won't stop this from being revoked. Now can you sue these people and make some lawyers rich, who knows. But you don't become this big of a crook and not know how to hide the money. The stock is worthless and will be worthless. Now what can you get out of suits? I will make a prediction that you would be better off with .00004. Because as with all cases like this, the lawyer gets paid and the ones that got the shaft still get the shaft.
-------------------- Invest with your brain not with your heart.
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problem is as time goes on as you check the numbers they still wash but a new element is added it washes with edwards companies issuances verses chancery surrenders. thats where edwards got sloppy imo. the death spiral wasnt going fast enough so imo he started dumping his shares because he knew there was an anti dilution clause connected to chancery. see i think at the point the washes started with edwards companies instead of just swapping. he was going in for the kill. that began around aug/04 look at the pattern. thats when i think uc raised the a/s to 800b and revenue sources were worked out so when we hit the cellar we could manage to sit there till uc unwound the old deal w/ chancery. jmo see the only way death spiral financing kills is if you need to sell shares to survive. ~Phx
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PHX misses 1 point...the mm's role in the market. to be able to be a mm for a company you must provide a bid & ask at all times. you must honor that bid & ask even if there is no buyer or seller to match an incoming trade. thus whoever surrenders 1 billion shares or sells them into the market but there is no buyer for those shares except the mm on bid. this mm by law has to buy these shares. they may not be sold to an investor for weeks thus not get into cede for weeks. mm's hold shares but not in cede. this is the same rule that allows NSS, by law they must sell shares at ask to anyone that puts a buy order even if they do not hold shares. in short an issued stock by the company upon surrender does not go directly into cede unless a private investor buys that share.
-------------------- "keep your stick on the ice & your cup firmly in place"
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bill, if the MM buys the shares, they still go to CEDE in a normal transaction. The MM's act just like any other buyer. Try again later.
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no they dont legal...mm's have their own accounts. why do you think there are companies like computer services on cmkx's master list. they take those dumped shares & spread them around the mm world. maybe i am wrong but i dont think so. it sure seems i read this in a book on understanding the market & how to make cash trading a few yrs ago.
-------------------- "keep your stick on the ice & your cup firmly in place"
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Shoot been gone all day. Didn't realize that I pizzed in someones koolaid today. Was hit with two 1's today. Someone must have been holding a grudge until I wouldn't realize who they were, lol.
-------------------- Invest with your brain not with your heart.
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Listening to frizzy right now, he is live on Pal Talk. He's tap dancing around the UC question. But he seems the say that UC isn't the company but Stiecklien would have to go after UC not him.
-------------------- Invest with your brain not with your heart.
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I haven't seen that much trash talk about someone since watching WWF or a thread Momo started. lol
I guess they didn't like what Frizzy had to say. He thinks Acca is full of it and didn't rule it out but inferred that the sting theory was just that a theory. So he pizzed off two groups. The ones that believe a sting and the one that believes there is a super secret settlement that only Acca and Jay are privy too.
I really can't believe how many ACCA lovers there are. Did all the idiots in the world find Willy's room or did Willy just hunt them down.
He gave them facts and all they could come up with is he got it from the SEC. But were did the SEC get this stuff? Wasn't it from CMKX? So why did CMKX only give the SEC bad things? Geeze, I can't believe some of these people can operate a computer. I am sorry but this is so silly.
-------------------- Invest with your brain not with your heart.
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I still don't get it. These people say that they trust UC 100%. All you have to do is meet him to see how much he cares.
What do these people think great con men do? If they weren't that good at making people trust them they never could con so many out of there money. You can't con money out of people if you are a obvious crook. You do it by making yourself look like the most caring and trusting person on earth.
Oh well, like most things in the penny market, most refuse to listen. They only learn from being burnt. Just hope some don't lose everything on this burning. Except for these scammers like ACCA, and Jay. I wish they could lose everything for what thy have done.
-------------------- Invest with your brain not with your heart.
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trouble is a lot of ppl have put everything into cmkx. thats why they trust UC, they have no choice. either they trust him or they quit lying to themselves & except they were fools putting everything into a penny stock. they willingly ruined themselves financially. UC picked on low income dreamers. ppl that live paycheck to paycheck & want to give themselves & family better. i bet even UC is baffled by the cult. i bet he had no idea that ppl would put everything into cmkx. he doesn't seem smart enough to come up with this thing by himself, no doubt outside forces moved him along but he did it. he is the person responsible for letting it happen. he was the one at the races pumping the stock. he was the 1 lying on radio about company records. he was the guy in charge of making sure everything was in order. if frizzy is honest, the OG goes bye-bye because as we have said many times, honest, facts & logic have no place in the cmkx soap opera.
-------------------- "keep your stick on the ice & your cup firmly in place"
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By: jcline 08 Sep 2005, 08:59 AM EDT Msg. 256599 of 256599 Jump to msg. # NASD IS PROBING NAKED SHORT SALES By RODDY BOYD
If the National Association of Securities Dealers has its way, the naked shorts will be forced to cover up.
The NASD has requested data from the stock-lending operations of Wall Street giants in a bid to get to the bottom of what one regulator has called an epidemic of so-called naked shorting.
The requests went out to dealers large and small, from Morgan Stanley to Janney Montgomery Scott.
Naked shorting occurs when a short seller hoping to profit from a decline in a stock's price fails to borrow shares prior to establishing the position.
The practice has the potential to swamp thinly traded stocks with sell orders; numerous companies have argued that naked shorting has forced their stock prices below minimum listing requirements.
While always technically illegal, the Securities and Exchange Commission enacted Regulation SHO in January to curb the practice once and for all.
One individual at a large Wall Street firm that received the NASD's request said that it focused on stock loans resulting in trades that do not settle properly.
Regulators and anti-naked shorting advocates argue that dealers lend out more shares than are publicly available to trade.
An SEC official confirmed that no complaints have been brought in the nine months since Regulation SHO went into effect.
One avenue where additional pressure will be put on the Feds to act is the state level.
Ralph Lambiase, the head of the Connecticut division of securities and business investments, is said to be heading up an 11-state task force designed to crack down on the practice.
The task force, under the auspices of the North American Securities Administrators Association, and consisting of state securities regulators from all 50 states and Canada, is plotting strategy in meetings this week.
One state securities regulator, Bill Reilly of Florida, said he expected the increased effort would result in more voluntary compliance from dealers, as well as enforcement activity.
Joined: Aug 2004 Gender: Male Posts: 7,710 Location: ON DA BOAT If you only want positives, DON’T read this! « Thread Started on Today at 8:19am »
-------------------------------------------------------------------------------- In my attempt to continue to find out what is true and what isn’t true with what CMKX has released in its press releases, I sent Ben Goldak an email questioning him on his services for the magnetic and non-magnetic anomalies Urban had him do. Back when THAT press release came out, I bought more shares based on the press release. Now I wonder if that was a good decision or not.
Below is the email exchange between me and Mr. Goldak.
-----Original Message----- From: xxxx [mailto:xxxxxxxxxx] Sent: Wednesday, September 07, 2005 8:20 AM To: Ben Goldak Subject: SERVICES
Dear Mr. Goldak,
My name is XXXX. I hold a large position as a shareholder of CMKX (Casavant Mining) of which Mr. Urban Casavant hired you to do some surveys of property he holds the mineral rights to in Canada. Mr. Casavant released a pr last year talking about some hundreds of magnetic and non-magnetic anomalies that were found by your company on the property in Canada.
Urban's press release suggested that this land has potential high value and a high probability of a big diamond find. After that press release of your survey, I invested several thousands of dollars more into CMKX.
Recently there are many questionable things coming to light on CMKX. We are also on the verge of revocation. I am extremely concerned that I will lose a large amount of money that I invested. Most of which happened because of that press release.
Can you tell me if you supported and/or agreed with the press release that he put out? Or do you think it was inflated to "pump" the company.
Thank you for whatever you can share. My wife is very worried now.
I was not asked to specifically endorse any news releases, but I did review one about a year ago that was technically correct, but a bit misleading in the use of the terminology. I suggested some changes that were not adopted.
-------------------- Invest with your brain not with your heart.
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Makes it sound as though Goldak did NOT approve of the release. Changes in terminology can make a huge difference in meaning. Cant blame Goldak, it still comes back on UC's shoulders.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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no reason to call goldtac...the 8k gave a number....16...not hundreds.
ok we have the cmkx brief, i'm guessing but i doubt the sec will take the full time allowed but i bet its right up to the due date on cmkx's final reply. once revoked i bet we never hear another word from cmkx.
-------------------- "keep your stick on the ice & your cup firmly in place"
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By: Bellingus 08 Sep 2005, 06:52 PM EDT Msg. 256794 of 256821 Jump to msg. # CMKX ~ What if… …the CEO of a certain mining and exploration company secured extremely valuable mineral rights to millions of acres of land? And to fund his company, what if that CEO made a deal with a group of “investors” with a hidden history for stock manipulation to provide him with seed capital? And what if these investors had more than 85 percent of the company’s stock and would retain that percentage even if the authorized shares were to increase dramatically?
And what if that CEO suddenly realized that he was in danger of losing the company and claims to the unscrupulous financiers and sought the help of certain individuals who would be able to help him make things right? And realizing that the original “backers” held restricted stock - but that they also had a legal team that could lift the trading restriction allowing them to dump massive amounts of the stock for quick and big money - what if the CEO’s “team” suggested that to catch big fish one needs big bait and increased the authorized shares to nearly a trillion? Might that cause the original “investors” to salivate with uncontrollable greed? Would that be a suitable trap for such people?
Now, what if because of certain high-level connections of one of the elder “team” members certain law enforcement agencies were watching all of this? And what if all of this activity was being carefully documented and monitored by investigators both private and federal? And what if these investigators noticed that certain shady factions of the penny markets and chat board touts for the “investors” were working with these tricky “financiers” to help them get the best price for their recently “unrestricted” shares?
And… what if investigators of the private variety working closely with the “team” finally confronted these “investors” with proof of all that had occurred and asked them nicely to surrender, (gee, there’s that word again) the shares back to the company or provide the company with the capital do so or face criminal charges that would send them to jail for years? What if a tug-o-war confrontation like that were actually taking place at this very moment?
Finally, what if people with little understanding of the markets and even less understanding of the intricate details of conspiracy and stock fraud misinterpreted what was happening and thought that the CEO was actually the one committing the crimes? What if these fearful people understood what was really going on? Would they be less fearful? Would they relax and let the "team" finish what they've started?
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Yeah there are those that are coping Accadacca's story to. Doesn't make any of them true. At least there are facts that show the real story. But there are those that believe MJ doesn't like little boys and that OJ didn't kill his wife.
If it smells like it and looks like it then it probably is.
Occum's razor: If there are several possible explanations for some observation, and no significant evidence to judge the validity of those hypotheses, you should always use the simplest explanation possible. Occum's razor is also known as the principle of parsimony – scientists should make no more assumptions or assume no more causes than are absolutely necessary to explain their observations.
-------------------- Learn the hard way with pennies
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"And realizing that the original “backers” held restricted stock - but that they also had a legal team that could lift the trading restriction allowing them to dump massive amounts of the stock for quick and big money -..." --------------------
And what if one of that legal team named Dvorak gave an opinion of counsel to shares of CMKX for Urban Casavant?
will, didn't you know the Queen does have balls?
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quote:Originally posted by Ric: Funny, Need audio. Legal may want to put finger in ear to hear this. But anyone that would post a head up someones azz shouldn't be offended.
This post is courtesy of "RBITULSA" he is helping me on "PROJECT 100" As the longest shareholder in this stock I have sought information for validation becuase I went thru it & did not understand what happend. - - - I bring this to you because contrary to volumes of bad sounding information about UC. This "annotated" email will go a long way to understanding CMKX current problem.
On Thursday, I emailed Jarvis requesting information relative his acquisition and subsequent sale of the CMKI shell. On Friday afternoon, he called me at my office. He was very congenial and forthright, and appeared to be sincere with his answers. He did ask up front if I was with the SEC or any other government agency. I explained to John that I was independantly researching strategic delivery failures, that my overall interest was to gain a better understanding manipulative trading and financing, and that CMKX was quite the fascinating case study. The conversation lasted about 30 minutes.
The CMKI shell has been controlled by three different groups: The initial group appears to have been lead by an individual named Samuel Singal.This is true Jarvis later purchased the shell and then sold it to the "current owners".
Jarvis described Cybermark as "basically a laser tag company; a warehouse in Canada, with some technology and a few people". Jarvis said the company had some "VR technology that I was interested in". When he initially reviewed the company, it appeared that the "liabilities were balanced - the assets and liabilities were basically a wash".]This is also true & important as to state company was in in 2000 Jarvis said it was not long after his acquisition that he learned that there had been some "let's just call it creative financing", some "debts that were not recorded" or disclosed at the time he acquired the shell. He also made referrence to two S-8 deals that he inferred were initiated by Singal. Jarvis said "it didn't take long for us to figure out the shell was a bust. They had raped the community and the public." Jarvis said the filings were deliquent when he bought the shell, and had already spent "a whole lot of money" getting the books current. But the past "creative financing" deals were going to cost him "hundreds of thousands to clean up". Jarvis said during this time the O/S had grown to over 50 million shares, and "shareholder value went down by over 70%". Jarvis said he "sought counsel from the SEC" but they "couldn't care less", and "suggested I find a good securities attorney". Never-the-less, Jarvis had the "VR technology" that he needed, and began meeting with potential buyers for the shell.At this time I held 1m@ .0006after a 10:1 split in 10/01
According to Jarvis, he was approached by an "outside agency" from Las Vegas. I asked him for the name of this outside agency, but he would only reply that it was "really a group, a conglomerate of people".THE SELLERS He said several other people had interest in the shell, but the Las Vegas group showed the greatest "financial capability" to maintain the shell. Jarvis added that he was assured that they would "stay on the OTC", and he was "shocked that they would even consider a forward split" and, Jarvis assumed, if anything, they would reverse split, noting that he felt 50 million shares was too many.
At this point, Jarvis referred me back to the email I had sent him the previous evening, specifically to the list of names I had included (John Edwards, David Coffey, David Desormeau, Chris Jenson, Gary Walters, and NevWest Securities). I had also written the following in my email to Jarvis: "If there were “up-front” agreements or conditions at the time of Urban’s acquisition of the CMKI, or if there were pre-existing or concurrent equity financing arrangements, or share-structure conditions, your advice would be appreciated." CRITICALbegin-1 Jarvis repeatedly emphasized the point that, while Urban Casavant was "mentioned in the presentation", and was "part of the deal", Urban was never present at any of several meetings between the parties, which took place at his attorneys office, nor did he ever speak to Urban at any time during the sale of the shell. Jarvis says that at all of the meetings, Gary Walters was the "promoter of the deal". In addition to the meetings, all phone calls made relative the "conglomerate's presentation and acquisition" were between Jarvis and Walters. Jarvis further explained that deal, as presented to him, was for CMKI to "be a holding vehicle for several entities that would be pulled together". He commented that he was surprised when the "diamond mining basically took over CMKI". He was surprised that the FALC claims came into the CMKI shell. He again stated that this was not how the deal was pitched to him. CRITICALend
As I recollect it, here is a rundown of the q/a when I asked Jarvis about "the other names":
Edwards: "There were always several people at the meetings, so he may have been one of those there, but I don't remember him being there" Desormeau: "Never heard of him" (note: he even badly mispronounced his name) Coffey: "Never heard of him" Jensen: "Never heard of him" NevWest: "I know of NevWest, but have no idea if they were involved somehow" NOW speaking about 14c I brought up the cusip change, and the cancellation of the preferred shares that occured after "the conglomerate" had bought the shell. Jarvis replied that he was not involved at all with the company at that time, and had no idea why that happened. He added that it is common after acquisitions to "draw a line" between the old and the new shares, and speculated that it could have also been done to get out from under "those old creative financing deals".
There was some small talk that followed. Jarvis said that I was not the first to have called him about CMKX. He also said, as if he was surprised by it, that he has never been contacted by the SEC or any other agency, about CMKX. He advised me that, if I really wanted to get more information on CMKX, I should contact the SEC.
My Comments:(RBITULSA)
Jarvis makes his case that the CMKI shell was corrupt from the beginning, but it still looks unlikely (if Jarvis is being forthright), that any current problems are linked to problems that existed prior, or during, the latest acquisition. However, I believe that Samual Singal should be looked into, along with the "sophisticated investors" mentioned in the early CMKI 10Q's, on the outside (an unlikely) chance that the original "creative financeers" might be linked to Edwards or Walters or Hackman. CRITICALbegin-2 It is, in my opinion, very significant that Gary Walters, not Urban, was the lead in the purchase of the CMKI shell. I never could understand how or why a "Rupert Perrin" would be named to the board of a diamond mining company. It does not appear to me that Urban has ever been in control of CMKI/CMKX.CRITICALendThis verifys that 14c states UC is AGENT between Sell er who are running comapny & Claims-AS agent SELLERS Manipulated UC
In terms of Jarvis' description of this deal, it leads me to look at other filings, PR's, and other D/D, and surmize the following: It is my opinion that CMKX was to be a holding (parent) vehicle for at least the following shells: Microsignal (Nanosignal), Barrington Foods (USCA), Mirador (later replaced with SGGM), Juina Mining, CIM, and PCBM/SRCI. I would further assume that it was not long after the acquisition that the claims in the FALC became larger than the conglomerate as a whole, and the "strategy" was changed accordingly, and possibly to the chagrin of some.
The question I find most important, is as follows: What is it that links all these different entities together. What is the common element amongst all of them. Did they all share the same lender? The same broker? The same attorney? How did it come about that the above mentioned companies became linked together in a plan to be held under CMKI as a holding vehicle (who really owns the holding vehicle? I think the T/A data helps answer the question.
Noting that these notes and comments assume that Jarvis was sincere and forthright, I hope it helps with the general "big picture", and helps to put other issues in context.
Other notes: From the 14C we know that Urban acquired most all of the original 14C claims between March and September of 2001. (Only a few claims by Morgain Minerals were acquired after September of 2001 – relative to the 14C claims).
CMKI was purchased by “the Vegas group” on September 30, 2001; AFTER UC had acquired most of the 14C claims.
The 14C majority shareholders were without question the same “Vegas group” (with Walters as lead promoter) that bought the shell from Jarvis. They were the one’s financing Urban going back as far as March 2001, 6 months before they acquired the CMKI shell, and 20 months prior to the release of the 14C.
In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company.
(6) Majority Shareholders (not including Urban Casavant and the Casavant Family) consists of individuals, corporations, trusts and other legal entities which do not control more than 4.9% of the Company's shares per shareholder. The Majority Shareholders acquired their shares by purchase in consideration of $2,000,000 in cash and the forbearance of monies due them for loans and services rendered in connection with the Casavant Mineral Claims and their assignment to the Company. ---------- As I gathered more data today it seems logical to me to offer this: 1-Urban has never been a great seasoned CEO 2-SELLERS understood this but needed claims and UC was thier ticket 3-UC was looking for claim money 4- UC is really an Explorer 5-Conviently for sellers they got UC to agree to head the company, where they found it easy to manipulate him. 6-SELLERS did illegal acts and covered it up(like they had done in many companys in past 7-URBAN FOUND OUT 8-URBAN called someone for help(insert noahltl) recent post"STING or SCAM
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