quote:Originally posted by legaleagle: ETGMF is not the "flagship" of Urban Casavant, it is the decoy. You never put your flagship in the line of fire.
If you can clearly see what Bob Maheu is doing............you are looking in the wrong place.
IMO
The 8-K and the PR stated clearly what they are doing but that isn't good enough so you need to make up a better story. You need to get away from pb57 Legal, it will melt your mind and blur the truth.
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by Ric: Heres a helpful advise for all that get ETGMF shares. Do not deposit the certs of ETGMF into a brokerage account until after you can get them unrestricted. If you do it yourself then the cost is cut tremendously. And if the company is for the shareholders then they won't charge you at all. It will be work because you will need to contact the company and have them send you an opinion letter stating that you can unrestrict your shares then you would mail in your certs with the letter to get new certs that are unrestricted. Then you can deposit them in your brokerage account so you can trade them.
If you deposit the cert in the brokerage right away then have them unrestrict the shares for you, it will cost between $150 to $250 dollars depending on who you have as a broker. Because as you see above it is work to unrestrict shares even after 2 years when an opinion letter isn't needed they will charge you this much. The TA charges them a fee to but as I said if you do it yourself, you may be able to get the company to pay the TA fees for you to unrestrict if the company is worth a grain of salt.
So you think its worth pulling certs if you only have 1 million shares and you hold out and do the unrestriction yourself?
-------------------- Learn the hard way with pennies
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posted
If it costs you $40 to pull certs then ETGMF would need to be .60 before you can break even. Maybe the ratio may be a little better but not much. With dilution, I don't see it but then again if ETGMF actually does something unlike CMKX then it could be possible. But remember exploration is expensive and the only way a small company can make money to explore is sell share. So the hope would be they do actually drill and find something before the o/s became too large. But if you read their last financial it didn't look good that they will do anything but you can hope.
It would be high risk and would be up to you. I wouldn't do it unless I had over 5 million shares myself but its your choice and money not mine. Legal will argue that it would prove NSS and cause a settlement but thats is very hard to believe. One that there is much shorting and the other is that there would ever be a settlement. It has never happened before and a 703 billion share diluted, revoked pinksheet, I don't think, will be their first.
-------------------- Invest with your brain not with your heart.
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posted
Been a year since the GEMM and USCA divvies. Maybe UC is getting ready to pay for lifting the restriction on them. Has to sell ETGMF to raise the money.... Heh, heh, heh.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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quote:Originally posted by Ric: Heres a helpful advise for all that get ETGMF shares. Do not deposit the certs of ETGMF into a brokerage account until after you can get them unrestricted. If you do it yourself then the cost is cut tremendously. And if the company is for the shareholders then they won't charge you at all. It will be work because you will need to contact the company and have them send you an opinion letter stating that you can unrestrict your shares then you would mail in your certs with the letter to get new certs that are unrestricted. Then you can deposit them in your brokerage account so you can trade them.
If you deposit the cert in the brokerage right away then have them unrestrict the shares for you, it will cost between $150 to $250 dollars depending on who you have as a broker. Because as you see above it is work to unrestrict shares even after 2 years when an opinion letter isn't needed they will charge you this much. The TA charges them a fee to but as I said if you do it yourself, you may be able to get the company to pay the TA fees for you to unrestrict if the company is worth a grain of salt.
Thanks for the good advice Ric. This is all assuming that the ETGMF certs are worth anything after the restriction is lifted. If not, I'll frame them along with my CMKX certs as a reminder of an expensive lesson in trading OTC stocks. I'll use an expensive picture frame so at least there will be some value to it, LOL.
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It's my pleasure to assist you today with your request.
Are you referring to the CMKM Diamonds Inc. (CMKX)? If so, there is nothing that you need to do.
Schwab will send certificate(s) directly to clients and no action required from clients. Schwab is waiving the normal $50 withdrawal fee but accounts will be charged a $16.50 certificate order out fee imposed by the Transfer Agent (this is not a Schwab fee).
The transfer agent will issue certificates up to a maximum of 10,000,000 shares. If clients have more than 10,000,000 shares, then the charge will be $16.50 for each certificate.
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posted
I wonder why companies like Schwab and ETRD are offering CMKX certs basically free of charge (I wish AMTD would). Seems like a huge amount of money could be made on the service charges alone.
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quote:Originally posted by legaleagle: If you're in you win. If you doubt........ Oh yeah that's right.
Those of you with shares should pull your certs if you want a piece of whatever action is coming. If you don't want it, don't pull your certs. It's that simple.
If 703 billion in certed shares are pulled and the distribution is made and announced, there is going to be a lot of electronic holders surrounding the DTCC with torches and pitchforks. That's when the NS will be obvious.
But don't worry, IMO, the final holdouts will settle. The SEC and DTCC are already being pressured by forces national and international.
As for the naysayers, what's the point? Nobody can get in or out. All of the negativity in the world won't change that.
Good post Legal. Agree 100%. All this BS about the cert pull and divys not being legal, and lawsuits and of course the bashers favorite, the ole Securities Exchange Act of 1936, while it's already started and going on all around them but they just can't see it. The blind leading the blind, or more like the cert-less leading the cert-less. I'd be bitter to if I was too weak to hold out to the end and missed out on what could be a golden opportunity. Oh well, you rolls the dice you takes your chances. Only time will tell who is right and who is wrong, and nothing said on this board or anywhere else means squat. So have your fun bashing away for the next few months boys, then we can come back and talk about who came out on top, the bashers or the koolaid drinkers. Till then.
You idiots will be laughing at us because you got one share of ETGMF for every 14,000 shares of CMKX?
Wow... I guess the world needs ditch diggers too...
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quote:Originally posted by legaleagle: ETGMF is not the "flagship" of Urban Casavant, it is the decoy. You never put your flagship in the line of fire.
If you can clearly see what Bob Maheu is doing............you are looking in the wrong place.
IMO
I think we all clearly see that Bob Maheu is thankful for every breathe he takes at the tender age of 87.
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posted
Legal, feel free to post my advise on holding the ETGMF certs to the other board. It was really meant to be helpful because a lot of investors got caught up in this and isn't their fault. Any way to save them money is for the good of all. And the brokers do charge a arm and a leg to convert restrict to unrestricted shares.
-------------------- Invest with your brain not with your heart.
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posted
Ric, I think I will trust the Task Force and their advice. This isn't about value or restrictions of Entourage stock, it is about pressure on the NS.
Of course if enough doubt about personal immediate profits can be spread around, maybe you will be successful at blocking their efforts. (But I doubt it)
quote:Originally posted by legaleagle: Ric, I think I will trust the Task Force and their advice. This isn't about value or restrictions of Entourage stock, it is about pressure on the NS.
Of course if enough doubt about personal immediate profits can be spread around, maybe you will be successful at blocking their efforts. (But I doubt it)
Only time will tell.
So you initially invested because CMKX had 'the goods'.... and now the whole play here is being a good samaritan and pressuring the NS? Nice, I assume the next move is to trap Al Qaeda in some sting operation?
The CMKX story is better than a Choose Your Own Adventure book!
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quote:Originally posted by legaleagle: Ric, I think I will trust the Task Force and their advice. This isn't about value or restrictions of Entourage stock, it is about pressure on the NS.
Of course if enough doubt about personal immediate profits can be spread around, maybe you will be successful at blocking their efforts. (But I doubt it)
Only time will tell.
Well I see that your intent as always is not to help investors in this stock but to keep the fantasy alive.
-------------------- Invest with your brain not with your heart.
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quote:Originally posted by legaleagle: Ric, I think I will trust the Task Force and their advice. This isn't about value or restrictions of Entourage stock, it is about pressure on the NS.
Of course if enough doubt about personal immediate profits can be spread around, maybe you will be successful at blocking their efforts. (But I doubt it)
Only time will tell.
So you initially invested because CMKX had 'the goods'.... and now the whole play here is being a good samaritan and pressuring the NS? Nice, I assume the next move is to trap Al Qaeda in some sting operation?
The CMKX story is better than a Choose Your Own Adventure book!
And I still believe they have the "goods". But there will be no revelation until the NS and share structure are fixed. imo
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quote:Originally posted by legaleagle: Ric, I think I will trust the Task Force and their advice. This isn't about value or restrictions of Entourage stock, it is about pressure on the NS.
Of course if enough doubt about personal immediate profits can be spread around, maybe you will be successful at blocking their efforts. (But I doubt it)
Only time will tell.
Well I see that your intent as always is not to help investors in this stock but to keep the fantasy alive.
Helping the investor make wise decisions in their investment is neither yours, nor mine to offer. There are professionals to do that. I bring information that is factual and opinionated, both. I trust the investors here to weigh and balance both sides. But certainly not to act on message board advice from either side.
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quote:Originally posted by legaleagle: Ric, I think I will trust the Task Force and their advice. This isn't about value or restrictions of Entourage stock, it is about pressure on the NS.
Of course if enough doubt about personal immediate profits can be spread around, maybe you will be successful at blocking their efforts. (But I doubt it)
Only time will tell.
So you initially invested because CMKX had 'the goods'.... and now the whole play here is being a good samaritan and pressuring the NS? Nice, I assume the next move is to trap Al Qaeda in some sting operation?
The CMKX story is better than a Choose Your Own Adventure book!
And I still believe they have the "goods". But there will be no revelation until the NS and share structure are fixed. imo
Legal has to be either:
1. One of the most stupid and gullible people alive
posted
legal a few quick points...it seems a number of brokers are waving the fee & just sending out the certs...all except ameritrade which bought 180 billion shares in cert form. i know logic & business savey are not your strong points so i will do as your "Task Force" did in its latest update, do my best to spell it out in crayon. if brokers are short shares in their accounts & believe me they know if they are short, they would not make it easy to get certs let alone wave fee's. ameritrade already has the certs they need so they are charging, never do anything for free, first rule in business. the fact the brokers are doing something for free or at a reduced price means something. what is only a guess but it sure does mean they are not short shares.
second you might have a point. in legalize cmkx is not giving a divy, its a liquidation of all assets to the rightful owners or shareholders. in most cases a legal notice in newspapers is considered offical notice but it must be run a certain number of days. a offical pr for a public company may be enough to cover that rule.
third Mahoo is retiring from cmkx, he quit. he has no future plan for cmkx, he never got paid so why should he care. if you want to see real DD look at the trail Pedro found posted on the last page by Ric. i'll bet you would find similar info on a bunch of those other companies in the master list. that is, was & will be again UC's master plan. pump & dump thru thrid party companies.
-------------------- "keep your stick on the ice & your cup firmly in place"
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The brokers who settled with UC, like AMTD, have the certs. They are anxious to get rid of the problem.
Those that didn't settle are not in such a hurry. Check some of the stories on other boards. OH, was that a no-no?
I had a few million "trading shares" in AMTD. I called them Friday and ordered the balance in certs. They took them out today.........in record speed. Used to be 3-5 weeks.
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bill, I did look at that Pedro documentation. If you check over on 32 today, you will see the follow up to that case. Another lawsuit.... GeorgeBurns
Seems UC was the victim after all. HAHAHA
So many stories have that "other side" that you guys frequently seem to ignore.
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posted
FRIZZELL LAW FIRM 305 S. Broadway, Suite 302 Tyler, Texas 75702 (903)595-1921 E-Mail jmartin*cmkxownersgroup.com
Greetings Group Members and CMKX Shareholders,
I am proud to be working on the task force with Bob, Urban and Don. I have shared with you many concerns that I have had with the company in the last year or two. I am glad to say we have a project now that allows us all to work together with a specific goal in mind. Bob Maheu said in the company PR on November 4th that we should concentrate our efforts on the future without dwelling on the past concerns.
The task force members have quite a responsibility to make all shareholders aware of this request for certificates. This means that ALL shareholders are entitled to notification, not just the ones reading the boards. I began discussing my concerns about the plan for notification with Urban, Don and Bob a couple of days ago. I am impressed with the company’s attitude towards the work suggested by the task force. The company is fully aware of the task force’s intention to contact all shareholders and using all resources necessary to do so. There have been discussions of using various forms of media as well as the sources normally called on for proxy type notices. The company understands the expense of undertaking a task of this size and has agreed to fund such expenses.
My experience in the stock market was like that of most investors. It was my understanding that I instruct my broker to take my money and locate someone who had the stock I wanted to purchase and purchase that stock for me.
1. I never imagined that a broker could take my money and pay his commission, the commission of the market makers, the fees of the SEC and the fees of the DTCC and never obtain my stock.
2. I did not know about Cede and Company.
3. I did not know about a “Stock Borrow Program”.
4. I had never heard of a “fail to deliver”.
Then, I find that “fails to deliver” is such a problem that it was necessary to pass a law called Regulation SHO which made the market report these fails to the SEC on a daily basis. On top of this, Regulation SHO does not appear to be working for anyone but the market manipulators that perpetuated this problem in the first place! When I learned that short sellers could amass these fails and drive a stock price into the ground, I became convinced there was a HUGE wrong in the stock market that needed to be corrected.
CMKX stock seemed to be a poster child for this illegal trading technique. Now how does this trading technique catch up to the wrongdoers. I have heard that occasionally short sellers get caught with fails on their books and they have to go into the market and buy stock to close out their position. Since it works to the short sellers advantage by causing the stock to go down when they naked short a stock, it should work in the opposite direction to cause a stock price to go up when the stock is hard to find because of their short selling techniques. Many people bought this stock because of this possibility.
How does the market correct itself? First, it must become apparent that a naked short exists. We must prove beyond a “shadow of doubt” that more shares have been sold into the stock market than was issued by the company.
Although the SEC, the DTCC, the NASD, and most Broker/Dealers know the daily positions on this stock, current law does not provide for the company to acquire this information through simple requests. Company stock comes from the transfer agent. Legitimate shares are all backed by certificates issued by the transfer agent. We know the stock market allows brokers to sell stock even if they do not own it.
Now, we must solve the mystery of how much real stock has been sold and how much stock has been sold that was not based on certs issued by the transfer agent.
The company wants to divide the Entourage stock among its shareholders. We must now force the market participants to tell us who has positions in this stock. Unfortunately, we can’t rely on the broker statements because we know that many brokerage transactions occur ex-clearing (remember the Jefferies letter) and we know that our shareholder’s statements do not say “this transaction is currently in a fail to deliver category”. Even though your broker has a fiduciary (this means they are required by law to tell you of bad things that might be going on in your account) relationship to you, you are not told that your stock is not actually being held for you. (in the case of a fails to deliver). I am NOT amused when I read a response from a broker dealer that says you should tell the company that you are a shareholder because we have sent you a statement that says you own stock.
This summer, we tallied 12,000 shareholder statements and documented 400 billion shares of stock. This did not include cert holders. We know there are approximately 60,000 shareholders based only on the figures given to us by ADP and the transfer agent. There appears to be many more! Combined, the NOBO/OBO list plus the cert list even proved a short in and of themselves of over 50 billion shares, and this did not include the billions of shares traded that were not reported through the DTCC and it did not include most Canadian brokerage holdings or other foreign accounts.
The company would be derelict in dividing the stock based on brokerage statements, we must require certs of your holdings. This may be one big inconvenience for you as shareholders, I know I hated to write my check out to my broker for my cert. I would imagine it will also be a big inconvenience for some market makers and brokerage firms to have any “fails to deliver” become a public problem. Our stock is not trading at the moment, so the shorts can’t simply send some bashers to the boards and buy the stock at a discount to close out their positions.
As a UNITED FRONT, this loyal group of shareholders has a chance to not only make history, but to start rebuilding the financial integrity of our U.S. markets for the sake of our children and grandchildren!
My job is to present to the company a list that represents all CMKX shareholders that own stock. All CMKX shareholders should all participate in this distribution. Due directly to the Stock Borrow Program and a market system which allows “fails to deliver” to exist, a shareholder list that is made from broker statements cannot be relied upon to make this Entourage distribution. The entities that are helplessly short would love for shareholders to lose interest or to justify non participation because of the cost of doing so. If enough shareholders are apathetic or simply don’t have the resources to get their certs, the shorts benefit. 50,000 to 60,000 motivated shareholders can make great changes in the market place. Give serious thought to any reasons you have for not pulling your certs. I would also suggest you read the article at http://www.cmkmtaskforce.com/dtcc.php about the DTCC and Cede if you are still not sure if you need to be holding certificates for your stocks.
I must ask all of you to please be patient as we record the certificates you send us. We have devised a system that requires to you to send only your certs and a cover page. Do not send other pages even if you think it is necessary to explain something. Use the task force web site to offer your comments or convey your problems. We have people that will be working long hours entering your information into a database. There will be times when you will experience a busy signal. We are using multiple lines connected to one fax number but there will still be delays. Do not panic. This is not an attempt to avoid including any shareholder. Quite to the contrary, it is an effort to make sure that everyone is included.
We have been told that Schwab and Etrade are beginning the process of automatically sending all CMKX shareholders their certs without request. These companies should be commended if in fact they follow through with such a course of action. Every brokerage company that claims to be holding your stock should be able to do likewise. We expect many other companies will follow suit. This will allow us to quickly and accurately compile a list of all shareholders and their positions in this stock.
Having said all of that, a word of caution, do NOT become complacent and assume your certs will appear. Remain diligent in following up often with your broker!!
On a final note, we have received many notices from shareholders about difficulties in obtaining their certs from their brokers. Some have problems with stock being in an IRA account, 401K account and many shareholders that have brokers that are just plain refusing to obtain certificates for them. As a task force member, I can only recommend that those persons continue to call their brokers often. Be assured that the Task Force is discussing ways to address these issues. We have been told by some shareholders that many banks provide a securities attorney to their customers for advice and that many times these services are free.
This group of shareholders can make a difference if we stay united!
posted
Shut up, Bill, and prove there is a massive NSS position. You've had months and still you can only come this close to being accurate: "CMKX stock seemed to be a poster child for this illegal trading technique" Where is the proof, never mind "seems to be"?
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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i agree Will...i don't think CMKX is short much if any but on the area of wishing SOMEBODY would prove a stock, any dang stock is massively shorted just so that it can finally be proven & corrected & for the sake of all the suckers drawn in by POS's like sterling, dr. d, green baron & a bunch of other pumping crap scum i hope frizzy & gang can prove something. odds are all they will prove is "once a sucker, always a sucker" but what the heck, at least its something.
-------------------- "keep your stick on the ice & your cup firmly in place"
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quote:Bob Maheu said in the company PR on November 4th that we should concentrate our efforts on the future without dwelling on the past concerns.
Good to see that Frizz is towing the company line. Forget the royal screwing they gave you in the past, lets all focus on a wing and a prayer.
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