quote:Originally posted by Ric: But legal the Official TA master shareholders list says that isn't true. I know you try and tap dance around that by saying its flawed even though the TA gave it to a official court under a subpena, where they could go to jail for not giving the true documents. Then again you probably will go off on the companies and individuals you listed earlier except for the fact that they surrendered their shares. But the cult refuses to look at the facts only what they want to here. They take a doom and gloom document and take one word out of it and make up a complete fairytale. But please buy the last few shares you can of this stock Monday morning before trading stops on Phx recommendation.
LOL, Ric. OK, let's consider that document as the true OS. When was it dated? How many months have passed since it was composed? How much has changed?
If the company knew the correct sharecount, then the divies would have been issued in the correct amount to cover eveyone. Why did they have to issue "markers" to so many?
Why did AMTD find it necessary to bypass the DTCC and buy their own certed shares directly from the company? 180,000,000,000 shares,yes that's billions, to cover their naked short. None of the other major brokerages covered.
The naked short is apparent, and it is massive. These maneuvers by the company were designed to lock it down if there was no settlement. The SEC didn't want to participate in locking their buddies into it, but CMKX has forced their hand.
And there is so much left to come.
Posts: 2375 | Registered: Nov 2004
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What a funny list. #1 is the only one that I see that is a question about as a possible good asset.
CMKX = No money, can't pay Maheu, Can't pay for exploration, UC closing up shop and stepping down from the company.
So how is CMKX going to pay 2 million to Nevada Mineral's. This means Nevada Minerals gets Ecuador ~ American Mine Shaft
200 billion SGGM seems to have disappeared but even if it is laying around somewhere it is revoked and under SEC rules no broker/dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction of a revoked stock (SEC rule not mine). If your shares are with a broker then they can't give you revoked shares as divy's. Hey I didn't make the laws.
CIM was a pipe dream that UC made up to sell more shares. Whether you believe that or not it didn't go public like promised and no one has any proof that it is even more then a marker in CMKX shareholders account and has been dead forever. The 10% for life is a cult dreamed up theory with absolutely no facts to back it up.
I think bill already said why there is no second Gemm divy so I will let him explain that one again.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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A long time cult member, CDLIC, that recently became reformed to the good guys side on pb 32 was banned last night for going on a UC should go to jail rampage. He was a strong backer at one time but seen the light and was even a moderator of the Hurricane relief forum on that board. Then too long time pumper Georgeburns is on the short list to be booted after his recent turn to the light.
I think legal should contact this member and invite him to a new home here where he will be appreciated for his wisdom in calling UC a crook.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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By: joescambuster 30 Oct 2005, 12:36 PM EST
MORE BAD NEWS FOR ENTOURAGE HOLDERS:
From a recent ETGMF filing -
"Because management has only limited experience in resource exploration, the business has a higher risk of failure.
Our management, while experienced in business operations, has only limited experience in resource exploration. None of our directors or officers has any significant technical training or experience in resource exploration or mining. We rely on the opinions of consulting geologists that we retain from time to time for specific exploration projects or property reviews. As a result of our management’s inexperience, there is a higher risk of our being unable to complete our business plan."
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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I know how legal loves to post suits against so called bashers so I think he will really like this one from another point of view.
By: jcline 30 Oct 2005, 12:39 PM EST Msg. 275205 of 275212 Jump to msg. # More to come....SEC Charges 44 Stock Promoters in First Internet Securities Fraud Sweep
Purveyors of Fraudulent Spam, Online Newsletters, Message Board Postings, and Websites Caught
Washington, D.C., October 28, 1998 – Following an unprecedented nationwide sweep, the Securities and Exchange Commission today announced the filing of 23 enforcement actions against 44 individuals and companies across the country for committing fraud over the Internet and deceiving investors around the world.
The sweep, the first orchestrated coast-to-coast operation by the SEC to combat Internet fraud, involved actions filed by SEC offices in Atlanta (1), Boston (1), Chicago (3), Denver (3), Fort Worth (2), Los Angeles (2), Miami (2), New York (2), Philadelphia (1), Salt Lake City (1) and Washington, D.C. (5).
The 23 cases involve a range of Internet conduct including fraudulent spams (Internet junk mail), online newsletters, message board postings and Web sites. The allegations include violations of the anti-fraud provisions and the anti- touting provisions of the federal securities laws. The authors of the spams, online newsletters, message board postings and Web sites unlawfully touted more than 235 Microcap companies, by either: (1) lying about the companies; (2) lying about their own "independence" from the companies; and/or (3) failing to disclose adequately the nature, source and amount of compensation paid by the companies. The creators of the Internet touts purported to provide unbiased opinions in their recommendations, but failed to disclose that they had received in total more than $6.3 million and nearly two million shares of cheap insider stock and options in exchange for touting services. In some instances, the fraudsters sold their stock or exercised their options immediately following their recommendations, a deceptive practice commonly referred to as "scalping."
SEC Director of Enforcement Richard H. Walker said, "In all of these cases, the Internet promoters gave ostensibly independent opinions about Microcap companies that in reality were bought and paid for. Not only did they lie about their own independence, some of them lied about the companies they featured, then took advantage of any quick spike in price to sell their shares for a fast and easy profit. Today's sweep demonstrates the SEC's commitment to cleaning up the Internet, by aggressively prosecuting securities violations occurring in Cyberspace."
Among the schemes in today's sweep, the SEC alleges a wide range of Internet-related securities fraud. Below are a few highlights.
An Internet newsletter called The Future Superstock ("FSS"), written by Jeffrey C. Bruss of West Chicago, Illinois, recommended to FSS's more than 100,000 subscribers and to visitors to the newsletter's Web site the purchase of approximately 25 Microcap stocks predicted to double or triple in the months following dissemination of the recommendations. In making these recommendations, FSS: (1) failed to adequately disclose more than $1.6 million of compensation, in cash and stock, from profiled issuers; (2) failed to disclose that it had sold stock in many of the issuers shortly after dissemination of recommendations caused the prices of those stocks to rise; (3) said that it had performed independent research and analysis in evaluating the issuers profiled by the newsletter when it had conducted little, if any, research; and (4) lied about the success of certain prior stock picks. (SEC v. The Future Superstock, et al.)
An Internet touting service called Stockstowatch ("STW"), and its president, Steven A. King ("King") ran an Internet stock touting service operated from King's home in Sarasota, Florida, which claimed at one time to have more than 200,000 subscribers. STW and King conducted the scheme from October 1997 until at least July 1998, fraudulently touting the stocks of at least five publicly-traded Microcap companies in e-mails sent to STW subscribers and in profiles posted on STW's Internet Web site. With respect to almost every stock touted by STW, the price and/or volume of the profiled company's stock sharply increased shortly following the STW buy recommendation, and STW and King took advantage by selling shares to reap more than a $1 million profit. (SEC v. Steven A. King, et al.)
John Wesley Savage and Princeton Research, Inc. touted the stocks of seven different companies while receiving 276,500 shares and 75,000 options from those companies. Savage and Princeton also lied about the financial condition of two of the issuers. Simultaneous with the filing of the complaint, Savage and Princeton consented, without admitting or denying the SEC's allegations, to the entry of a permanent injunction and payment of a civil penalty of $40,000. (SEC v. John Wesley Savage, et al.)
Francis A. Tribble and his promoting company, Sloan Fitzgerald, disseminated more than six million spams touting two Microcap companies and were the subject of the largest number of complaints received in the history of the Enforcement Complaint Center (SEC Enforcement's Online Complaint Center at www.sec.gov). They also republished their touts in several other forms including an online newsletter and a Web site. Simultaneous with the filing of the complaint, Tribble and Sloan Fitzgerald consented, without admitting or denying the SEC's allegations, to the entry of a permanent injunction and payment of a civil penalty of $15,000. (SEC v. Tribble)
Illustrating the migration of stock touters from traditional media to the Internet, a southern California promoter moved his Microcap touts from newspaper ads to the "Investors Edge" Web site he created this year, without disclosing that Microcap issuers had paid for his touts. At the same time the promoter and one of his companies were recommending that investors buy an issuer's stock, they were engaged in scalping the shares they had received from the issuer, profiting in excess of $64,000. Those defendants also were charged with making false statements in newspaper ads. (SEC v. Volmer, et al.)
The SEC today also issued an investor alert to help investors evaluate investments promoted on the Internet. "Internet Fraud" tells investors how to spot fraud and how to use the Internet to invest wisely and avoid costly mistakes.
"Never, ever, make an investment based solely on what you read in an online newsletter or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn't well known," said Nancy M. Smith, Director of the SEC's Office of Investor Education and Assistance. "Assume that the information about these companies is not trustworthy unless you can prove otherwise through your own independent research."
quote:Originally posted by Ric: A long time cult member, CDLIC, that recently became reformed to the good guys side on pb 32 was banned last night for going on a UC should go to jail rampage. He was a strong backer at one time but seen the light and was even a moderator of the Hurricane relief forum on that board. Then too long time pumper Georgeburns is on the short list to be booted after his recent turn to the light.
I think legal should contact this member and invite him to a new home here where he will be appreciated for his wisdom in calling UC a crook.
Think we could pick him up on the free agent market?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by Monopoly Money: You are correct no other stock on any exchange globally has 703 billion OS and after what has been going on with CMKX i seriously doubt there ever will be another ticket with that much OS again.
*just pointing out the obvious*
quote:Originally posted by legaleagle: You can hope Trista, but this old dog is a long way from being dead.
Sorry I missed all the excitement Friday. Took a two day holiday with the family, yesterday and today. Went up to Lake Michigan for a little R&R.
So I'm rested up now and ready for an exciting week next week.
But I guess many of you will not be here since it looks like there won't be any more trading and so no newbies will be enticed into buying and they won't need the "Allstocks Saviours" team anymore. Right?
LOL, you'll all still be here because you know this isn't over. Even revoked, not trading, ther is no other stock like this one. Never was, never will be again.
If you all think that Maheu gave up, tucked tail and ran, you really haven't studied this guy much. Wait til you see what's coming next. LOL
------------------------------------------------ Oh I don't know about the largest A/S, QBID has a good start at 44 billion.
SEC might be taking a look at the PR'S and conferance calls as well.
Posts: 10729 | From: oregon | Registered: Feb 2005
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I guess as long as people want to talk about it, it will continue to exist.
Posts: 3243 | From: California | Registered: Jul 2005
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I'm always on the "stock" prowl. If you got some post 'em, or start some threads or something. Some of us have come to know each other via this and other CMKX threads. Alot of people have been following this for a very long time, so, Stnkng1, can we please keep it going just a little bit longer? Pretty please?
Hey Wallace, you watching the game?...
Posts: 2634 | From: The highway | Registered: Feb 2004
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quote:Originally posted by Ric: I know how legal loves to post suits against so called bashers so I think he will really like this one from another point of view.
By: jcline 30 Oct 2005, 12:39 PM EST Msg. 275205 of 275212 Jump to msg. # More to come....SEC Charges 44 Stock Promoters in First Internet Securities Fraud Sweep
Purveyors of Fraudulent Spam, Online Newsletters, Message Board Postings, and Websites Caught
Washington, D.C., October 28, 1998 – Following an unprecedented nationwide sweep, the Securities and Exchange Commission today announced the filing of 23 enforcement actions against 44 individuals and companies across the country for committing fraud over the Internet and deceiving investors around the world.
The sweep, the first orchestrated coast-to-coast operation by the SEC to combat Internet fraud, involved actions filed by SEC offices in Atlanta (1), Boston (1), Chicago (3), Denver (3), Fort Worth (2), Los Angeles (2), Miami (2), New York (2), Philadelphia (1), Salt Lake City (1) and Washington, D.C. (5).
The 23 cases involve a range of Internet conduct including fraudulent spams (Internet junk mail), online newsletters, message board postings and Web sites. The allegations include violations of the anti-fraud provisions and the anti- touting provisions of the federal securities laws. The authors of the spams, online newsletters, message board postings and Web sites unlawfully touted more than 235 Microcap companies, by either: (1) lying about the companies; (2) lying about their own "independence" from the companies; and/or (3) failing to disclose adequately the nature, source and amount of compensation paid by the companies. The creators of the Internet touts purported to provide unbiased opinions in their recommendations, but failed to disclose that they had received in total more than $6.3 million and nearly two million shares of cheap insider stock and options in exchange for touting services. In some instances, the fraudsters sold their stock or exercised their options immediately following their recommendations, a deceptive practice commonly referred to as "scalping."
SEC Director of Enforcement Richard H. Walker said, "In all of these cases, the Internet promoters gave ostensibly independent opinions about Microcap companies that in reality were bought and paid for. Not only did they lie about their own independence, some of them lied about the companies they featured, then took advantage of any quick spike in price to sell their shares for a fast and easy profit. Today's sweep demonstrates the SEC's commitment to cleaning up the Internet, by aggressively prosecuting securities violations occurring in Cyberspace."
Among the schemes in today's sweep, the SEC alleges a wide range of Internet-related securities fraud. Below are a few highlights.
An Internet newsletter called The Future Superstock ("FSS"), written by Jeffrey C. Bruss of West Chicago, Illinois, recommended to FSS's more than 100,000 subscribers and to visitors to the newsletter's Web site the purchase of approximately 25 Microcap stocks predicted to double or triple in the months following dissemination of the recommendations. In making these recommendations, FSS: (1) failed to adequately disclose more than $1.6 million of compensation, in cash and stock, from profiled issuers; (2) failed to disclose that it had sold stock in many of the issuers shortly after dissemination of recommendations caused the prices of those stocks to rise; (3) said that it had performed independent research and analysis in evaluating the issuers profiled by the newsletter when it had conducted little, if any, research; and (4) lied about the success of certain prior stock picks. (SEC v. The Future Superstock, et al.)
An Internet touting service called Stockstowatch ("STW"), and its president, Steven A. King ("King") ran an Internet stock touting service operated from King's home in Sarasota, Florida, which claimed at one time to have more than 200,000 subscribers. STW and King conducted the scheme from October 1997 until at least July 1998, fraudulently touting the stocks of at least five publicly-traded Microcap companies in e-mails sent to STW subscribers and in profiles posted on STW's Internet Web site. With respect to almost every stock touted by STW, the price and/or volume of the profiled company's stock sharply increased shortly following the STW buy recommendation, and STW and King took advantage by selling shares to reap more than a $1 million profit. (SEC v. Steven A. King, et al.)
John Wesley Savage and Princeton Research, Inc. touted the stocks of seven different companies while receiving 276,500 shares and 75,000 options from those companies. Savage and Princeton also lied about the financial condition of two of the issuers. Simultaneous with the filing of the complaint, Savage and Princeton consented, without admitting or denying the SEC's allegations, to the entry of a permanent injunction and payment of a civil penalty of $40,000. (SEC v. John Wesley Savage, et al.)
Francis A. Tribble and his promoting company, Sloan Fitzgerald, disseminated more than six million spams touting two Microcap companies and were the subject of the largest number of complaints received in the history of the Enforcement Complaint Center (SEC Enforcement's Online Complaint Center at www.sec.gov). They also republished their touts in several other forms including an online newsletter and a Web site. Simultaneous with the filing of the complaint, Tribble and Sloan Fitzgerald consented, without admitting or denying the SEC's allegations, to the entry of a permanent injunction and payment of a civil penalty of $15,000. (SEC v. Tribble)
Illustrating the migration of stock touters from traditional media to the Internet, a southern California promoter moved his Microcap touts from newspaper ads to the "Investors Edge" Web site he created this year, without disclosing that Microcap issuers had paid for his touts. At the same time the promoter and one of his companies were recommending that investors buy an issuer's stock, they were engaged in scalping the shares they had received from the issuer, profiting in excess of $64,000. Those defendants also were charged with making false statements in newspaper ads. (SEC v. Volmer, et al.)
The SEC today also issued an investor alert to help investors evaluate investments promoted on the Internet. "Internet Fraud" tells investors how to spot fraud and how to use the Internet to invest wisely and avoid costly mistakes.
"Never, ever, make an investment based solely on what you read in an online newsletter or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn't well known," said Nancy M. Smith, Director of the SEC's Office of Investor Education and Assistance. "Assume that the information about these companies is not trustworthy unless you can prove otherwise through your own independent research."
quote:Originally posted by stnkng1: why is this thread still here seriously this is now a waste of time it sucks but thats the way it is. cant someone get rid of the thread or not
------------------------------------------------- If you want a library of exellant information from some first class posters, research the CMKX threads..
Some of these people really know they're way around the goings on with these companies. You would have to pay top dollar for classes that you get here for free.
You can also ask intellegent questions of these people that will be answered.
Geezz, man, wake up and use these people instead of belly aching about them being here. You just might learn some insight.
Do the research, and you will learn why your statement is so narrow minded.
Posts: 10729 | From: oregon | Registered: Feb 2005
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Learn these laws if you want to keep up with current events:
"document, or other item appearing, representing, purporting, or contriving through scheme or artifice, to be an actual security or other financial instrument issued under the authority of the United States, a foreign government, a State or other political subdivision of the United States, or an organization, shall be guilty of a class B felony"
Section 17a of the Securities Act of 1934 demands that all equity trades be settled promptly for the safety of the Industry and the Markets.
Posts: 2375 | Registered: Nov 2004
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The problem legal is that your claiming nss as fact and not just an opinion that you hope is true. You refuse to believe that a stock diluted to 703 billion shares would have a hard time being shorted to. Your so stuck with your belief your going to lose almost everything. There is no proof that CMKX is heavily shorted or will give you anything other then the restricted ETGMF shares. You only have dreams that were pumped over and over again.
See if they keep ETGMF restricted for one year they don't even have to worry anymore. After a year it will be hard to sue UC for damages. Then one of three things will probably happen. Either Entourage go broke and belly up or they will dilute shares to where those that own them from CMKX are now meaningless or they just won't unrestrict them with some lame excuse if any at all. But there will be no way the restriction is lifted with a majority shares.
Even Entourage's CEO said in the last financials that he nor his officers knew anything about mining and that this could cause them to lose everything. It said they have done nothing but lose money over the last 2 years. You should really read that carefully. It is scary to look at. And now that the Casavant family is involved it really is scary.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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Ric, I think if this guy doesn't know anything about mining, he may have a couple of friends who do:
Dr. Paul Shatzko Position: Director and Chairman
-------------------------------------------------------------------------------- Dr. Shatzko is a retired radiologist and self employed businessman; he is the founder and former Chairman of Mountain Province Diamonds (MPV.T), a Toronto Stock Exchange listed mining company; as well, he is a director of several public companies and a director of Entourage Mining Ltd. since July 31, 2004.
Posts: 2375 | Registered: Nov 2004
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Do you think there are actually paper shares somewhere? Like in some warehouse up in the frozen Tundra of Canada. It's pretty cool to think that each share is worth less than 1 single sheet of 1 ply toilet paper. I have bought shares of other stocks at this price before but just to daytrade. Not as a long term investment. people who got involved in this scam make the QBIDians look genius.
quote:Originally posted by Ric: The problem legal is that your claiming nss as fact and not just an opinion that you hope is true. You refuse to believe that a stock diluted to 703 billion shares would have a hard time being shorted to. Your so stuck with your belief your going to lose almost everything. There is no proof that CMKX is heavily shorted or will give you anything other then the restricted ETGMF shares. You only have dreams that were pumped over and over again.
See if they keep ETGMF restricted for one year they don't even have to worry anymore. After a year it will be hard to sue UC for damages. Then one of three things will probably happen. Either Entourage go broke and belly up or they will dilute shares to where those that own them from CMKX are now meaningless or they just won't unrestrict them with some lame excuse if any at all. But there will be no way the restriction is lifted with a majority shares.
Even Entourage's CEO said in the last financials that he nor his officers knew anything about mining and that this could cause them to lose everything. It said they have done nothing but lose money over the last 2 years. You should really read that carefully. It is scary to look at. And now that the Casavant family is involved it really is scary.
You must have missed this, Ric. Why don't you answer the questions why it was necessary to put "markers" in eveyone's account for the divies. And why would AMTD purchase 180 billion shares, directly from CMKX, bypassing CEDE and the DTCC? Maybe they just thought it was a good investment, huh?
"LOL, Ric. OK, let's consider that document as the true OS. When was it dated? How many months have passed since it was composed? How much has changed?
If the company knew the correct sharecount, then the divies would have been issued in the correct amount to cover eveyone. Why did they have to issue "markers" to so many?
Why did AMTD find it necessary to bypass the DTCC and buy their own certed shares directly from the company? 180,000,000,000 shares,yes that's billions, to cover their naked short. None of the other major brokerages covered.
The naked short is apparent, and it is massive. These maneuvers by the company were designed to lock it down if there was no settlement. The SEC didn't want to participate in locking their buddies into it, but CMKX has forced their hand.
And there is so much left to come."
Posts: 2375 | Registered: Nov 2004
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Who knows legal, maybe Ameritrade had so much buying and selling within its members that they decided to hold there own certs and trade the shares themself when possible and make the huge .0001-2 spread instead of the MM. Double their money fast. But you nor I know why they did it for sure. Doesn't mean anyone is short. You still just don't understand what the volume would have to be, to have the short you want it to be. It just don't work out.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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I learn the lesson from last 2 week from stock PCCR with the price $.0001 and sometime go down $.0000. I boght that stock from $.0018 and go down to $.0012 --> $.0001. Total I bought $ 2500. Last week, 10/24,2005, PCCR got big share volume as 546,972,435 then become PCCR# ( no ask, no bid ) then PCCR changed to PCCN with the price $.01. The last time 10/24/2005 my market value is $577 and the next day when they change to PCCN, my market value is only $57.70. They are theft money from people. When the stock go down to $.0001, it mean they will theft your money. It better sell it before it become as PCCR#. I lost $2500 for this damn **** stock.
Posts: 25 | From: rochester , NY | Registered: Oct 2005
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Don't buy this stock PCCN !!! They are theft.
Because they are PCCR, when their stock fall down to $.0001, milion people buy this stock with price $.0001 ( everyone bought about 10,000,000 shares per person), stock price stay at $.0001 for 2 months. PCCR took money from milion people then run away. After run away, they changed their stock code to PCCN and changed to the value of stock from $577 to $57.70. If you bought $ 20,000 would changed to $ 2,000 then you will lost $ 18,000. I think it it not fair, they should play fair when they reverse their stock from PCCR to PCCN.
You guy should be aware this stock . DO NOT BUY THIS STOCK PCCN.
Posts: 25 | From: rochester , NY | Registered: Oct 2005
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For to thank you very much to your advice, tom548. I won't let them theft me.
-------------------- 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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By: greedy_malone 11 Sep 2005, 04:35 PM EDT Msg. 460116 of 463698 (This msg. is a reply to 460114 by bigeddywinsitall.) Jump to msg. # bigeddy
As much as I hate to admit it, you are correct. These guys are a financial nightmare to stocks. I consider myself a decent basher. I was recruited by several bashers on this board to join Elgindy's group. I was reluctant. They invited me on a trip to try and entice me to join. It was a lavish cruise that lasted for 2 weeks. I met many bashers that you see on this board. All were high up in the Elgindy business. Anything I wanted on this trip was given to me. And I do mean anything. Cost was no option. I was offerred money, cars, women and a free upscale flat in NYC just across from the rented office where the bashers all work. Yes, they all work in the same office and they all live within 2 blocks of each other. They don't often let anybody into the group. They trust very few people. I saw the whole thing. The money, the cars, the Cayman Island campus where all members of the group can go if the feds get too close. They can hide out there for as long as they need to. there is almost an umlimited amount of money for these guys to live on. They can pickup and change locations and identities in less than 1 hour. They can destroy all information on their computers in a moments notice. They always have 2 backup offices rented and ready to go so they never lose the ability to short and bash and make money. It's the most amazing thing I've ever seen. In the end I declined the offer. It was a very hard decision. I don't profit on my posts and I doubt I could sleep at night if I did but these guys have it down to a science. They make more money in a single day than most people make in a lifetime. They have unlimited resources, they have connections in all branches of government and they are always tipped off if the Feds are going to move in. Just thought you might like to know that. These guys are top notch at what they do.
posted
legal you run off at the mouth about markers in our accounts on the old divy's. prove it. CIM is possible as its not a real company. just a creation of UC's to hand family money. it has no income & if it needs to pay money to keep those passed over by other companies zinc claims they will be if not already gone. odds are the gemm shares have been sold or gemm told UC to shove it & got the shares back. as for entourage....i posted the bit from THEIR SEC FILING stating they had no mining experiance a few days ago. now maybe they added someone but they also added an old cmkx accountant & we all know what a great job cmkx accountants did. you also forget the fact that cmkx is in the hole. creditors will have to be paid before anything is divided between shareholders. you'll be lucky to get 76 shares per million because cmkx owns nothing worth any real money. that american shaft doesn't bring in $1 million per yr. why do you think entourage sold shares at .15 when its trading at just over .50? most of those deals are at a big discount but normally it would be at most a 20% discount not a 70% discount. the .25 a share part is an option only, there is no money out on that part. read a few option plans from better companies, they all have options at higher pps but those options rarely get picked up because the pps never gets to that point. this option is at a 50% discount from today when it should be higher then todays pps. that says even the company expects a big pps drop over the next few yrs. by the time you can trade those 76 shares per million you'll be lucky if they are worth $15.. you've attempted to read between the cmkx line for a few yrs & have yet to be right because you don't apply stock market rules nor its legalize. this last entourage pr is telling you huge pps drop coming. cmkx gone, entourage heading for the tank & your excited, i'm glad you enjoy lossing money so much.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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Ecuador American Mine Shaft - On page 278 of the hearing transcripts, CMKX owes Nevada Minerals 2.2 million dollars by Dec 2005. If CMKX doesn't have any money according to the testimony in the hearing, Nevada Mineral will foreclose on the note. Not my opinion this part is fact.
Now remember not to long ago there was a big to do about a document on Nevada Minerals webpage about them owning the American Mine Shaft. I think UC made a deal with them at that time and it supposed to not have been released until now when CMKX announced its final closure. Thats why the page was removed but no explanation was given. I bet this has been planned for some time but CMKX had to fight off revocation until the right time. So I don't know if Nevada gave enough money to keep Stoecklein going or UC just pocketed even more cash but I bet he got a little something just to get Nevada Minerals off his back and NM got to pay a little to get rid of CMKX. IMO
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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What is in a form? « Thread Started on Today at 6:00am »
-------------------------------------------------------------------------------- Questions and lots of them!
I was sitting here this weekend minding my own business this weekend when my good buddy from Paltalk, Oldepro called me and pointed out a few things to me. It got me to wondering, and of course I just had to start digging again. Here are a few questions for anyone to answer....
Why did we file a form 15 on July 27th, 2003?
We all keep saying and thinking "so we didn't have to report" I am beginning to think that is an incorrect line of thinking. Here is why:
If you go to the Otcbb.com site, and do a search on CMKI, which became CMKX you will see the following information. First the link:
If you read the NT 10-Q from that date you will see it is a notice of late filing and it says that the financials are not done at this point.
The filing then goes on to say that
3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
The company responds YES to this question. Then below that it continues
If so: attach an explanation of the anticipated change, both narratively and quantitatively and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
There was no answer to that request. The company simply ignored the rider in this part of the filing. Why? What did they keep secret at this point? We still have not been told.
Then on May 22nd, 2003 this happened:
SECURITY DELETIONS 14:17 CMKME** Casavant Mining Kimberlite International 05/23/2003 Failure to comply with NASD Rule 6530 - OTC Reportable (CMKM)
So on May 23rd, 2003 we became a NON REPORTING SECURITY, and began trading on the pink sheets. On the pink sheets we were still a solicited stock, we just didn't have to report anything.
BUT HOLD IT!
On July 22th, 2003 we filed a form 12/G
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Excuse me? I thought we didn't have to report on the pink sheets? So was this act not redundant? I readily admit that I am not a securities expert, so if I am wrong please correct me, BUT there must have been some reason we went the extra mile to file this form. NO????
This next excerpt is from the 14C it describes part of the requirements from the Company to close the deal with the sellers of the land claims.
8. REPORTS UNDER THE 1934 ACT.
With a view to making available to the Sellers the benefits of Rule 144 promulgated under the 1933 Act or any similar rule or regulation of the SEC that may at any time permit the Sellers to sell securities of the Company to the public without registration ("Rule 144") the Company agrees to:
a. make and keep public information available, as those terms are understood and defined in Rule 144;
b. file with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act so long as the Company remains subject to such requirements and the filing of such reports and other documents as is deemed by the Company to be required for the applicable provisions of Rule 144; and
c. furnish to the Sellers so long as such Sellers owns Registrable Securities, promptly upon request, (i) a written statement by the Company that it has complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested to permit the Sellers to sell such securities pursuant to Rule 144 without registration.
Notice the date of the form 12/G. July 22nd, 2003.
Was this done to break the agreement in the 14C that was due to close in Dec 2003? Why would we break that deal? To protect the claims?
Just over a week later the claims were ALL allowed to lapse and the 025 Saskatchewan company claimed them from the Saskatchewan government.
We have heard stories of potential hostile takeovers to get the claims from CMKX , and of course we know the stories of all the "bad guys" that have floated around. Is it possible this was a way to isolate the claims and the exploration side of the business away from the dealings of all of the characters in the money side of the company? This way if someone took over the company they would simply get a shell? A NSS shell?
If we follow the events, my next question regarding this is : Why file the form 12/GA in Feb of 2005? Why would we want to be reporting again? What purpose would that serve?
Why was the hearing such an obvious sham?
Is it possible that the SEC needed an out from under this situation? We filed reporting status so that the SEC could do their "job" and revoke us?
Where were all the other witnesses that could have been called during this hearing, not only from the CMKX side, but from the SEC side? Why not subpoena more of the principles to tell what their part of this story was? That has never made sense to me. Instead they basically run this thing through with no apparent direction except "you haven't filed". I thought that on the PINK SHEETS you didn't have to file? Again why is this even an issue? Why did CMKX make it an issue?
So the next question that begs to be asked is this. What does this revocation mean? Well to me it means we are out from under the jurisdiction of the SEC. It means that the SEC is accepting no responsibility for the NSS problem and have no interest in protecting anyone. It means that the company now has freedom to apply pressure to the people that shorted this company.
The Entourage deal is very interesting. The 025 company is now directly involved with Entourage, and United Carina is also involved directly with Entourage. So what does that mean for all of us. Well I can tell you what I hope it means......
If the 50 million Entourage Shares are attached to the CMKX shareholder base, for now by way of the trustee, we have the potential for valuation. This is encouraging for a few reasons.
If Entourage releases valuation through either 025 or through United Carina, then there is value attached to the 60 million shares in Entourage that the CMKX shareholder base is holding. If Entourage takes on more JV partners, wouldn't that simply enhance the potential value of our block of shares? Using this methodology Entourage could announce Uranium valuation and it would enhance OUR stock and theirs. Would that not make it easier and more plausible to raise capital for diamond exploration? hmmm sounds like the beginning of a conglomerate to me...
Even if the shares are not dispersed immediately they still have value as a single entity. Can you imagine being shorty, and seeing the value of the Entourage stock going up that the CMKX shareholders are in possession of? What if valuation comes out piece by piece over time and the shares increase in value?
Entourage is tightly held it seems, so as the valuation is released, you would assume the value of Entourage increases.
If we are trading on the Pink or Gray sheets would the threat of the 60 million shares of Entourage being dispersed to the CMKX shareholders not be akin to someone throwing marbles all over the floor of a crowded hallway? I would think it would be very hard to pick them all up. How would the shorts discern which CMKX shares have Entourage attached to them? Especially if we are all bona fide shareholders. Would they not have to clean up the ENTIRE mess to get what they want? Better still, what happens if we stop trading and the short is LOCKED IN? Then what do they do?
So back to the original question: Why did the company file a form 12G on July 22nd, 2005? So we didn't have to report? I am really thinking that is an incorrect line of thinking.
Anyone else want to take a shot at it? I can just see someone quoting a reg that will explain it all in one sentence and render this post moot. HAHAHAHAHA
I don't know if I am even making sense anymore, I just felt like talking out loud and getting feedback from some of the business/ law savvy people in this stock. These are simply my opinions and guesses, I do realize I am probably wrong! I know no insiders in the company and don't speak to any.
posted
legal, that last post reminded me of the old days in Hawaii, the days when i did LSD & smoked hawaian bud. we would sit around on a beach or mountain cliff & solve the world problems stoned out of our minds. trouble is that when we sobered up we would be too embarrassed about what came out of our mouths to ever mention any of it. of course with the cmkx cult that stoned state is normal.
-------------------- "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
It's just a shame that none of us will still be alive when the real explanation of all this comes out. I can see it now: Octember 44, 3606 PR: CMKX finds a diamond.
-------------------- 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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I don't think anyone will ever get the whole story ed. DOJ doesn't like "everything" to get out.
Posts: 2375 | Registered: Nov 2004
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October 31, 2005 (FinancialWire) Citing FinancialWire coverage of the widening financial scandals associated with naked short sales, Financial Express has said the Securities and Exchange Board of India (Sebi) must rethink any automated trading systems such as those used and proposed by the Depository Trust and Clearing Corp., which it said American investors no longer trust.
Columnist Sucheta Dalal cited manipulative scandals involving Refco (NYSE: RFX) and Overstock.com (NASDAQ: OSTK) as reasons M. Damodaran, Sebi chief, should go slow on permitting short-selling by institutional investors. Short sales abuses have vexed and embarrassed American regulators as well as institutions such as Goldman Sachs (NYSE: GS) and Credit Suisse First Boston (NYSE: CSR).
Financial Express said that automation has its downsides. “Unless the regulatory system is constantly alert, ingenious crooks are always working to identify weak links.”
Dulal said that a “lending and borrowing mechanism is expected to prevent rampant price manipulation and keep out naked short-sales, that led to the demise of the old badla-based system of forward trading. Will it achieve this aim?
“It is pertinent to look at the growing US controversy over illegal naked short-sales and its consequences. FinancialWire … posted an article in March 2005 about a Michigan man, Robert C Simpson, who acquired 100% of the issued and outstanding stock of Global Links Corp. Two days later, he found over 50 million shares of the company shares were traded on the bourses. This case came up for discussion by the Senate Banking Committee and was probably the earliest official acknowledgement of naked short-sales (without first borrowing shares, as is legally required).”
“Since then, Patrick Byrne, CEO of a company called Overstock has gone public with the fact that his company’s float changed hands four or five times in a day. How, in a perfectly functioning lending and borrowing mechanism? And where are all the extra shares coming from to give delivery, unless there is a large incidence of illegal naked short-sales? Byrne has publicly alleged his father failed to get delivery of 200,000 shares purchased by him through a blue-chip brokerage firm. He is quoted as saying anywhere between 5-20 million counterfeit shares are currently in the marketplace, presumably on the major exchanges alone.
“The US debate is important, as their trading system has become the global standard for capital markets. It is, hence, pertinent to note that extraordinary trading volumes (yet unexplained phenomena in highly manipulated Indian stocks as well) and short delivery during settlements are increasingly being flagged as manifestations of a possible scam.
“More startling, many investors have accused The Depository Trust & Clearing Corpo-ration (DTCC), a holding company that clears and guarantees almost all trades in the US, of engineering naked short-selling schemes. The DTCC has faced 12 lawsuits in this connection. Most of these were dismissed, but the corporation itself has admitted, in a Q&A posted on its website, that naked short-selling occurs, but the extent to which it occurs is unclear.
“The DTCC’s stock lending and borrowing programme also continues to be under regulatory scrutiny by the NASD and other government agencies. The US debate attributes naked short-selling to counterfeiting and collusion between brokers, dealers and, of course, shadowy hedge funds. In most cases, the sales, accompanied by large, unexplained trading volumes, aimed to destroy the value of small companies.
“An October 13 report by FinancialWire also suggests research analysts, especially Net-based ones, also have a role to play in setting the stage for shorting. It quotes specific examples of alleged collusion between broker-dealers and independent research firms to publish negative information, to beat down the prices of target companies.
“This raging American debate over rampant price manipulation and misuse of automated trading systems is extremely relevant for us, since Sebi plans to permit short-selling by institutional investors. Indian investors, too, have noticed that a large and unexplained spurt in trading volumes always signals the start of a big price ramping operation. Our stock exchanges and regulators simply sleep over this phenomenon, even when these are pointed out to them.
“Second, Indian regulators are clueless about the true beneficial ownership of the most powerful market segment, namely, foreign institutional investors. Add Sebi’s record of poor prosecution of important cases and our slow judicial system and we have a recipe for serious trouble. Sebi may end by attempting to regulate institutional short-sales, while remaining partially blindfolded.”
FT says that the firm’s IPO underwriters Goldman Sachs (NYSE: GS) and Credit Suisse First Boston (NYSE: CSR) both have investigators looking into the illegal but allegedly widely practiced manipulative practice among essentially unregulated hedge funds and other financial institutions that now appears to be a naked short sales bubble that could imperil the U.S. and worldwide financial markets.
Overstock’s CEO Patrick Byrne appeared on News Corp.’s (NYSE: NWS) Fox with Neil Cavuto to state that there are at least twelve Refco’s “buried in the system,” and Cavuto said some say it could be as many as 60 institutions ready to implode. He said a “systemic” problem could cost the Depository Trust and Clearing Corp. as much as $100 billion to clean up.
The line item was so unbelievably monumental that two of the major critics of naked short selling, Dave Patch, of InvestigatetheSEC.com, and Bob O’Brien, director of the National Coalition Against Naked Short Short Selling, were reluctant to positively identify the $10.5 billion as Refco’s naked short position. The Financial Times says investigators are not so reticent, and “have been unable to find which shares, if any, were involved.”
Critics have said that if you lift the covers off similar financial institutions and hedge funds, and even many of Wall Street’s top investment banks and brokerages, the $10 billion exposure at Refco could be multiplied 100 times over, and may inhabit every nook and cranny on the Street. Few companies initiate buy-ins, and such exposure is just bounced around, or “borrowed” from a DTCC. that may also be at significant risk should it be forced to call in its “loans.” The DTCC has also said that there are $6 billion in “fails to deliver” every single trading day. That could add up to some $1.5 trillion every year, not counting attrition from late deliveries.
Already the SEC and the U.S. attorney is probing a $1.4 billion hedge fund, Alexandra Investment Management LLC, and it is not yet known what that investigation will uncover. The fund has revealed that regulators are investigating “numerous participants” in PIPEs, an anacronym for private investments in public equities. Often such investigations end, however, with only a knuckle knock, with no restitution to shareholders of targeted small public companies.
The U.S. Securities and Exchange Commission is under heavy scrutiny as well over Refco since many claim it is just the tip of the iceberg in the illegal naked short selling scandal known as StockGate. Some 89% of those voting in The Investrend Poll at http://www.investrendinformation.com say the SEC should be “hugely” blamed for the Refco implosion.
Said the New York Post:
“It is believed the monies at the heart of the Refco scandal are in fact unsettled funds related to the illegal naked short selling, and many have theorized that there may be untold billions of dollars in other financial institutions and hedge funds in the same leaking lifeboat.”
The Post said no new laws are needed. Enforcement is needed.
When SEC Commissioner Annette Nazareth, the former head of SEC market regulation, was asked about the SEC’s lax attitude towards the Refco’s and its peers, she told the New York Times (NYSE: NT) that it was much ado about nothing, and that the uproar was only from people who “want their stock to go up.”
One can only theorize that it is this attitude that has resulted in the complete collapse of public confidence in the enforcement division of the SEC, as was the collapse of public confidence in FEMA. In his Fox appearance, Byrne said he does not expect the SEC to be able to clean up this situation, and hinted that it will require either judicial or Congressional intervention.Gadfly David Patch’s CNBC interview questioning the SEC’s involvement is at http://www.vmsdigital.com/MyFiles.aspx?Onum=8FD88353-D1CF-49AB-96FB-F5B3D748534D
His site, http://www.investigatethesec.com , has long held that the SEC has scrambled to protect illegal manipulators for fear that the lawbreaking had gone on so long and that it is so huge that it threatens the nation’s financial underpinnings. On CNBC, Patch again asked why the SEC can sit by and watch scores of companies listed on the Regulation SHO threshold list for almost a year, signifying that they are in continuous default of settlements required by the law.
He also asked why the SEC would try to “grandfather” the millions of settlement failures that preceded Regulation SHO, which went into effect in January. The “grandfathering” still hasn’t been court-tested as to whether it may be a kind of “pardon” that only a President may issue.
The SEC and the Depository Trust and Clearing Corp. continue to stonewall any attempt to require transparency in the marketplace as to the extent of fails to deliver, which some see as just a euphanism for “counterfeit shares.”
This scandal comes hard on the heels of allegations of misdeeds by Gradient Analytics and employees of TheStreet.com (NASDAQ: TSCM), in conspiracy with David Rocker and Rocker Partners in manipulating the stock of Overstock.com (NASDAQ: OSTK) and others comes another explosive case, this time against Refco Inc. (NYSE: RFX), one of the primary alleged miscreants in destroying Sedona Corp. (OTCBB: SDNA), once a Nasdaq-listed company.
Not since the Enron and Worldcom scandals has the financial markets been under such growing suspicion, except this time the cancer is not just in a treatable part of the body. This time it has spread through the lymph nodes and appears to be present in every vital organ as scores of companies seem permanently entrenched in the threshold lists maintained by Nasdaq and the NYSE, signifying over three-quarters of a year of the existence of counterfeit shares and unsettled trades.
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