In defense of the company and explaining a low pps: "The SEC threatening to revoke helped to keep buyers away. So did the low selling price and the non movement of price. "
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
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How long before we our shares in ETGMF with the merger, looking for about a 1 to 1000 reverse merger. That UC sure is smart , screwing over the MM's with there NSS. Gee the govt cant even touch him now,GO URBIE ....
Posts: 181 | From: Quebec | Registered: Aug 2005
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1 to 14,060 reverse there better redo your math. Or 76 restricted non tradable shares for every 1 million of CMKX shares that you did own before they became worthless yesterday.
Sure does look like UC is smart. He makes people like you think you are getting a good deal while he walks away with your money.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
It's the equivalant of a 1 for 14,000 reverse split. Only difference is that when you go through a reverse, your new fewer shares are tradeable immediately. In this case they're going to be restricted for an unknown time frame. In effect, you'll get nothing.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Funny thing is you all keep dividing by 703 billion shares, the last know OS. Problem is, we don't what the OS is now.
Posts: 2375 | Registered: Nov 2004
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wwjd doesn't have a christian bone in her body. either that or she is so dillusional she needs serious mental health professionals by her side till reality returns. to run her mouth about serious DD yet completely ignore facts, truth & the written word from the ppl she so desperately believes in can only be caused by a complete lack of morals or a very sick person & maybe both.
"we can see the future because we don't have the details", a .50 buyout. CIM to IPO, wanted to be revoked, SEC deals, trap shorty. she must have morgaged her marriage for cmkx, stole from her hubby's church or put church money into cmkx, something drastic to still believe that bullchit. for ppl like her i don't think there is any hope. a rubber room or suicide are strong possiblities.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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legal, get real. even frizzy just stated as far as he knows thats still the o/s. no other number has even been mentioned. your yappin the same chit as before UC told you it was 703.5 billion & now you want to revert. has reality tryed to enter & the shock of the truth cause some sort of mental bereakdown?
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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Legal, I’ve held off on posting this for a long time but now I feel it needs to be said. What you are doing here is wrong, in fact, it's worse than wrong, it is reprehensible. Do you have any idea how many people you have influenced on this board and the umpteen others that you post on? Have you really thought about it? In your quest to become known as a CMKX guru how many people do you think you have hurt by convincing them to buy into this stock with your wild theories? How many elderly people are now faced with the horrible situation of bankruptcy in their retirement years because of your postings? How many young couples lost their whole nest egg because of your postings? On every board you visit, you have made sure you are known as a Christian and an ex – police investigator. How many invested because of the trust they put in that background? Your answer might be “not many”. Is “not many” acceptable to you? The fact that only a handful are now about to be homeless or dead broke is somehow acceptable?
The only “good” to come of this whole fiasco is that at last the damage has finally been stopped, or has it? Is Entourage your next cause? Being the DD sleuth that you are I’m sure you’ve turned up some not so flattering facts surrounding this company but I’ve yet to see you address them. How about the fact that Shatzko came on board in August of 04 and 5 months later the Casavants and associates are front loading through private placements? Or Mr. Shatzkos other companies that have all the earmarks of another CMKX? Or the fact that Entourage has had total revenues of 49 dollars in the last 5 years?
I can already sense and see the pumping of Entourage beginning and I’m sure you want to be at the forefront. I’d ask that you don’t do it. Or if you insist upon it, please post the whole picture, not just the sugar-coated version you want people to see. Too much harm can come to too many people by allowing this whole scene to play out again, please don’t encourage it.
posted
something to add...not sure if i read it here first a few days ago but shareholders aren't the only ppl UC screwed.
Shareholders have been living in a void of information. For the last few months we have been getting info, and it is all bad. The racing seemed the one area where everything was straightforward, no pun intended, I guess when it comes to Urban nothing is straightforward.
As Dave (at MM-60) discussed it appears that Urban's abilty to make payments on his obligations has also effected the Race Teams. I have been able to corroborate all of Daves allegations.
1. He defaulted for about 200k to the Dunn's team as well but they continued to race based on false promises from Ron and Urban. ( Confirmed, Ron Casavant will not be in the pits in Pomona)
2. He owes the ASA truck series about 3 million as he never paid them a dime for his sponsorship of the whole series.( Still seeking confirmation)
3. He still owed Lee Hatch a lot of money for this year and defaulted. ( Confirmed earlier this year after the article in the Daily Bulletin, reconfirmed that Urban still owes him.)
4. He never paid Connie Cohen any money this year and left them about 250k in debt . (Confirmed)
5. Ron and Urban are not picking up any of their phones since Saturday Oct. 22. (Confirmed)
6. Urban defaulted on his payment to Jeff Arend race team even though they had a contract together...he owed them about $650,000.00 that is why they stopped racing. (Confirmed)
Urban was able to bold face lie to these people to get them to contiunue to fly the CMKX colors. Their love of the sport and their belief in Urban caused them to lose a tremendous amount of Money. Seems everyone who is not family or Friends of Urban's loses money.
This weekend will be the final race of the season in NHRA. We already know that Jim Dunn refused to mention Urban name or the CMKX sponsorship in his pre race report. Jim Dunn has been around a very long time, he is well respected, and the racing comminuity is close, a Casavant in the pits may be an endangered species.
But where did it all start? We now know that CMKXtreme was initially funded by a 4 Million dollar transfer from CMKM Diamonds. From our understanding of events we know that Urban used CMKXtreme to fund/fail to fund;
- Jeff Arend in NHRA Nitro Funny Car. - Tony Bartone in NHRA Nitro Funny Car - Connie Cohen in Pro Stock Motorcycle - Lee Hatch and Kevin Fedderson in ASA Speed Truck - The Entire ASA Speed Truck Series - Billboards at "The Strip" at LasVegas Motor Speedway - Billboards at "The Super Speedway" during The Nascar event at Las Vegas Motor Speedway. - And Finally a very interesting investment in Crystalix, a laser engraving company.
We have discovered that CMKXtreme invested 2 Million and Urban invested 1 million from one of his irrevocable trusts. These investments had set schedules of return. They may have gone bad or were never intended to go good from the start. Here is a link to the Crystalix 8K
Why was Urban funneling money out of CMKXtreme. If he was able to do it in this situation were their others that we are not aware of? Did he line his own pockets with money from CMKXtreme?
Those were questions asked by Beckstead and Watts. There should be procedures in place within a company to prevent this type of money transfer from one body to another, especially when both are owned by the same person. Beckstead and Watss felt obligated to report these transactions to the company and the SEC. In thier opinion there was "possible improper personal use of corporate assets".
Excerpt:"In performing our audit procedures, we have become aware of information relating to possible illegal acts, including (without limitation) the following: We have received information relating to the possible improper personal use of corporate assets. Information we have uncovered indicates that Mr. Casavant may have caused CMKM to advance approximately $4 Million to the benefit of CMKXtreme, Inc. in the name of "promotion and advertising”. Based on the information provided to us, it caused us to question whether the use of the funds truly advanced the best interest of CMKM. Additionally, it appears that Mr. Casavant owns CMKXtreme, and that this may have been a related party transaction that may not have been presented to or approved by the Board of Directors of CMKM. We fully understand marketing issues raised by Mr. Stoecklein in his letter, but we are unaware how any such transactions benefited CMKM."
We are left with more questions.Was this 4 million the only amounts transfered to CMKXtreme?. Will we ever find out if there were other deals or other transfers? Will the promissory note from Crystalix, due on October 1, 2007, go to Urban, CMKXtreme or was it intended that this company will no longer exist then? What of the rig drivers, pit crew, and race drivers who have been left out in the cold by Urban, will they see any of that Crystalix money?
CMKXtreme may be broke, CMKM Diamonds Inc may be broke but I have a feeling that Urban is not. With the help of Roger Glenn, Urban has many Iirrevocable Trusts established and will be living the high life in Vegas for years to come.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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well said Up....i'm starting to think legal is a paid pumper.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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I thought Legal was the one that was singing Frizzy's praises and talking about how he had the up to date master shareholders list and nobo/obo list to prove NSS with. Now Frizzy says it correct as far as he knows then its an old list. Tisk tisk denial isn't a river in Egypt.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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Jeez Bill, I've been saying Legal's a pro pumper for months. Also, how come nobody said anything about friz fighting for the shareholders then all of a sudden is an associate of cmkm/entourage.?? Entourage IS legal's next gig, as well as the UC gang. So someone might as well start a entourage thread now. The truly sad part about this saga is every other penny company seems to be operating like cmkx and playing pennies is getting very depressing now. What with r/s's up the ass from every company and their brother sub companies. Chit.
S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines.... Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005
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Stockster, that is why we need to stop playing into their hands. Better informed investors don't get ripped off as much. We need to start kicking these people in the azz that are pumping these pos and start trading pennies like the MMs not buying them and holding playing into those that want us there. I love it when these pumpers start yelling bashers just want you to sell and are working for the MM's. Thats full of crap. MM's want you to hold on so the float is gone and they can manipulate what's left. If everyone sold on a run the MM's would chit. They love the bagholders along with the daytraders. But the true bad guys in the pennies market is the pumpers that convince you to hold while blaming everyone else.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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quote:Originally posted by legaleagle: Funny thing is you all keep dividing by 703 billion shares, the last know OS. Problem is, we don't what the OS is now.
Divide by zero then. There is no OS. CMKX is dead. And as we all know, any number divided by zero equals zero.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
Upside, there is much to address in your post, but I will attempt to, as best as I can.
First, let's get the "Christian" thing addressed and out of the way. You, more than anyone here, should know whether I attempt to practice my Christian principles. If my Christianity is "out there" on my sleeve, it is because of my position at Christian Traders. If my "faith" is brought up on any of the boards that I visit it is because of that connection, not because I attempt to legitimize my position by my belief in God.
If my faith has any connection to my postings, it is because I believe that my Creator involves himself in all human activities, just as a "parent" would influence and help their children in every endeavor, including investments. That said, let's move on to the Police thing.
Yes, I had many years of my life invested in serving the public as a police officer and investigator. It wasn't something I had to do in order to earn an income. My education was better suited for business than rolling around in a gutter with a crazed psychopath or dodging bullets in the midst of an aborted armed robbery. I did it because I cared about creating an environment where the average citizen didn't have to live in fear.
As far as revealing, on any boards, the fact that I spent time doing this, was relevant to the post that I was making. My experiences as a police officer and investigator are something that I possess, that are worth sharing. If this were a discussion board about types or conditions of medical problems, it would be relevant to know if the poster were a doctor, nurse or EMT.
As far as the "umpteen" boards go, I post here, at CT, and at 32 and 49. Only recently did I start at 49 as 32 was overrun with bashers who have their own agenda. My motivation at being on any of those boards was the collection of DD for my job at CT. That is where my dedication is, because that is where I have a commitment. If I posted on those boards, even here, it was as pay back for the information that I received from them.
As far as CMKX goes, yes I am a believer in the company. I have never stated that it is anything more than a long shot. That is the nature of a pink sheet company, and a wildcat exploration operation. But as I have investigated the nature and background of this company, I have seen something more is at hand with this company. Some of the things that I have discovered were revealed to me in confidence, and I will continue to respect the confidential nature of those revelations. Other things and opinions are based on my experiences in dealing with organized criminal activity. And some are based on my knowledge of how the criminal justice sysytem works in undoing criminal enterprise.
All of that still leads me to believe that CMKX is in the forefront of investigations designed to undo the detestable practice of naked shorting. That this company has painted a picture of a stumbling, bumbling, classical scam, in order to trap the "shorties" who have traditionally salivated at the sight of a company with a large AS/OS, and all of the appearances of a scam operation. And I believe that they have the "goods" up there.
There is no reason to repeat all of the information that I have brought here, that I was able to repeat. I have made my statements,I will live with them, and stand behind them.
I know you well enough to believe that you really do have a concern for people who have invested their money in this stock. I do as well. I do not know that this stock is a "sure thing" and I haven't presented it as that. It is, imo, an opportunity for some of those people that you mentioned to have a better life. If they invested large amounts in this company that they couldn't afford to lose, and do actually lose it, then I would be as sympathetic for them as you are.
I am not far from them either, as I live on a fixed disability pension. That is why I didn't invest more than I could afford to lose. But what I share with them, is hope. Hope for a better life. Not to the point of deluding myself, however. But that hope is still alive and well, for me and for them.
You ask if I feel badly about "midleading" those people. I didn't mislead, I countered those here who would deny them that hope.
Upside, you are a good man and I value your opinion. But have you considered how many of those people you care about, would have lost the opportunity for a better life if this thing plays differently than you believe it will?
We haven't seen the final chapters of this story yet. We have only seen what was intended for us to see as this very complicated operation plays out.
What part will Entourage play? I have no idea. But this I know: It was planned as a player at least as early as January of this year. Long before any SEC charges were placed. So for that reason I believe it is a proactive move, and not a reactive move. It's role is yet to be defined for us, but it is known to people like IBM and Glenn, the people who designed this play, those who have the most to lose by being affiliated with a "scam".
So while you have attacked me personally and publicly, I have no animosity for you. I believe that you are sincere in your negative attitude about the company, and therefore about me by extension. But know this, I am just as sincere about my opinions on CMKX and it's future. If I am wrong, I will apologize for not having the skills to recognize a true scam. But I will not apologize for "misleading" anyone based on what I know or perceive to be the truth behind all of this.
OK, go ahead and tear me, and this post, apart. That's the great thing about these boards. Freedom of speech and thought, balance and counter-balance.
As always, in my opinion.
Posts: 2375 | Registered: Nov 2004
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quote:Originally posted by Ric: I thought Legal was the one that was singing Frizzy's praises and talking about how he had the up to date master shareholders list and nobo/obo list to prove NSS with. Now Frizzy says it correct as far as he knows then its an old list. Tisk tisk denial isn't a river in Egypt.
Ric, Friz had an up to date list many months ago, but as I have stated, it is not up to date any longer.
However, Friz does have one very valuable thing. He has more accumulated information on CMKX than anyone else in this stock, outside of the company itself. And with that information at hand, he has chosen to ally himself with the company.
Posts: 2375 | Registered: Nov 2004
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posted
OK, go ahead and tear me, and this post, apart. That's the great thing about these boards. Freedom of speech and thought, balance and counter-balance.
Except for the ones that ban you for voicing your opinion, if it happens to be different from the owners of the board....right !!!
-------------------- 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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Oh, and ETGMF is up .03 this morning. Let's see, how did that go? Oh, yeah, TO DAS MOONIUM !!!!
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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quote:Originally posted by legaleagle: Upside, there is much to address in your post, but I will attempt to, as best as I can.
First, let's get the "Christian" thing addressed and out of the way. You, more than anyone here, should know whether I attempt to practice my Christian principles. If my Christianity is "out there" on my sleeve, it is because of my position at Christian Traders. If my "faith" is brought up on any of the boards that I visit it is because of that connection, not because I attempt to legitimize my position by my belief in God.
If my faith has any connection to my postings, it is because I believe that my Creator involves himself in all human activities, just as a "parent" would influence and help their children in every endeavor, including investments. That said, let's move on to the Police thing.
Yes, I had many years of my life invested in serving the public as a police officer and investigator. It wasn't something I had to do in order to earn an income. My education was better suited for business than rolling around in a gutter with a crazed psychopath or dodging bullets in the midst of an aborted armed robbery. I did it because I cared about creating an environment where the average citizen didn't have to live in fear.
As far as revealing, on any boards, the fact that I spent time doing this, was relevant to the post that I was making. My experiences as a police officer and investigator are something that I possess, that are worth sharing. If this were a discussion board about types or conditions of medical problems, it would be relevant to know if the poster were a doctor, nurse or EMT.
As far as the "umpteen" boards go, I post here, at CT, and at 32 and 49. Only recently did I start at 49 as 32 was overrun with bashers who have their own agenda. My motivation at being on any of those boards was the collection of DD for my job at CT. That is where my dedication is, because that is where I have a commitment. If I posted on those boards, even here, it was as pay back for the information that I received from them.
As far as CMKX goes, yes I am a believer in the company. I have never stated that it is anything more than a long shot. That is the nature of a pink sheet company, and a wildcat exploration operation. But as I have investigated the nature and background of this company, I have seen something more is at hand with this company. Some of the things that I have discovered were revealed to me in confidence, and I will continue to respect the confidential nature of those revelations. Other things and opinions are based on my experiences in dealing with organized criminal activity. And some are based on my knowledge of how the criminal justice sysytem works in undoing criminal enterprise.
All of that still leads me to believe that CMKX is in the forefront of investigations designed to undo the detestable practice of naked shorting. That this company has painted a picture of a stumbling, bumbling, classical scam, in order to trap the "shorties" who have traditionally salivated at the sight of a company with a large AS/OS, and all of the appearances of a scam operation. And I believe that they have the "goods" up there.
There is no reason to repeat all of the information that I have brought here, that I was able to repeat. I have made my statements,I will live with them, and stand behind them.
I know you well enough to believe that you really do have a concern for people who have invested their money in this stock. I do as well. I do not know that this stock is a "sure thing" and I haven't presented it as that. It is, imo, an opportunity for some of those people that you mentioned to have a better life. If they invested large amounts in this company that they couldn't afford to lose, and do actually lose it, then I would be as sympathetic for them as you are.
I am not far from them either, as I live on a fixed disability pension. That is why I didn't invest more than I could afford to lose. But what I share with them, is hope. Hope for a better life. Not to the point of deluding myself, however. But that hope is still alive and well, for me and for them.
You ask if I feel badly about "midleading" those people. I didn't mislead, I countered those here who would deny them that hope.
Upside, you are a good man and I value your opinion. But have you considered how many of those people you care about, would have lost the opportunity for a better life if this thing plays differently than you believe it will?
We haven't seen the final chapters of this story yet. We have only seen what was intended for us to see as this very complicated operation plays out.
What part will Entourage play? I have no idea. But this I know: It was planned as a player at least as early as January of this year. Long before any SEC charges were placed. So for that reason I believe it is a proactive move, and not a reactive move. It's role is yet to be defined for us, but it is known to people like IBM and Glenn, the people who designed this play, those who have the most to lose by being affiliated with a "scam".
So while you have attacked me personally and publicly, I have no animosity for you. I believe that you are sincere in your negative attitude about the company, and therefore about me by extension. But know this, I am just as sincere about my opinions on CMKX and it's future. If I am wrong, I will apologize for not having the skills to recognize a true scam. But I will not apologize for "misleading" anyone based on what I know or perceive to be the truth behind all of this.
OK, go ahead and tear me, and this post, apart. That's the great thing about these boards. Freedom of speech and thought, balance and counter-balance.
As always, in my opinion.
Anybody have a tissue? Nice work legal!!! That was a real tear jerker!
What confuses me is why you say you didn't have to work as a police officer to earn an income.... so how did you get your money?
I think your whole persona is a lie..... you look/seem more like a made up character than a real person.
I don't really buy any of it.
Posts: 86 | Registered: Aug 2005
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" How many elderly people are now faced with the horrible situation of bankruptcy in their retirement years because of your postings? How many young couples lost their whole nest egg because of your postings? On every board you visit, you have made sure you are known as a Christian and an ex – police investigator. How many invested because of the trust they put in that background? Your answer might be “not many”. Is “not many” acceptable to you? The fact that only a handful are now about to be homeless or dead broke is somehow acceptable? "
If these people don't know the risks involved in a penny stock then chalk it it up to a life lesson learned. If anyone here was influenced to buy a stock because some guy on the internet said to, then maybe that gene pool should be thinned a little. If you are one of those people, let me know as I have some great products to sell you that I know you will love!!!
What does this guy being a Christian or an ex-police investigator have to do with anything??? Even if you believed him? Why would anyone believe anything they read on a message board unless it was actually backed up with facts. I see so many people post how they just spoke to the CEO and the CEO said this and that . . . Pure BS!!! It isn't true until it is PR'ed and there isn't a single CEO that is going to release news TO A MESSAGE BOARD!!!!!!! Leagle, to me, is just another character in this whole soap opera that was CMKX . . . Fictional fun . . . If some of you want to change the channel to the new program ETGMF then I'm sure you will get what you pay for.
Posts: 486 | From: Tennessee | Registered: Jun 2005
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legal, your mistaken about entourage. UC was contacted by the SEC concerning that form 15 early in december 2004. as the facts proved he knew he had more then 300 shareholders, he gave 698 ppl shares plus 29 companies & all were cert form thus not counted as 1. once the SEC contacted him he knew it was over. he knew he couldn't file the needed reports because there were no books or records thus buying into entourage in late dec & early january was planned & yes i'm sure he knew thats where the claims would end up but not for shareholder value, for UC & family's bankbook.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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Latest rumor....Legal is not a real person. a comic strip character, maybe. The wolf in Three Little Pigs? Eating up grannies? Or the Tin Man from OZ? The one with no brain? His last post brought a tear to my eye, then I realized who was posting and came back to reality. At least one of us should be in reality. The fact remains that CMKX is worthless now. UC has lined his pockets and appears ready to do it again with ETGMF. I know what that MF stands for, but I wonder about the ETG part. Pump it up big, legal. Maybe UC will send you a few shares to get you started. All IMO, of course.....ROFLROFLROFLROFL
-------------------- 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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playin, we've been asking that question for quite a while. Maybe the SEC doesnt want to give him another heart attack. And while they're at it, maybe they can include some of the pumpers in the fraud trial too?
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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quote:Originally posted by bill1352: legal, your mistaken about entourage. UC was contacted by the SEC concerning that form 15 early in december 2004. as the facts proved he knew he had more then 300 shareholders, he gave 698 ppl shares plus 29 companies & all were cert form thus not counted as 1. once the SEC contacted him he knew it was over. he knew he couldn't file the needed reports because there were no books or records thus buying into entourage in late dec & early january was planned & yes i'm sure he knew thats where the claims would end up but not for shareholder value, for UC & family's bankbook.
Exactly. Legal the cult can't use this. It won't work because people aren't that stupid, outside the cult, to buy the fact UC didn't know that CMKX was cooked when the SEC first contacted them in early Dec.
My guess is that RG told UC that there was no way that we can file and that UC need some cover but he, RG, couldn't do it since he knew so much. He told UC to get a new securities lawyer and someone above reproach as a company front. Remember Maheu said he was told nothing about the company by UC. He the Judge thought that was funny and asked don't you think you are being used for your name.
UC knew after the SEC contacting him and the gig was up so to keep his family and friends happy he set up a new scam for them to profit off of when CMKX ended. But the first thing UC had to do was make everything look like he wasn't a crook so 50K shareholders didn't sue him for the money he stole off them. Of course he thinks its his now.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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The sec cant charge him with fruad,Cuase if UC was smart he'd just leave the counrty and disappear , hiding all the money he scamed in some offshore acct.Second American authorities like the SEc have no legal claims against a canadain citizen , Thats why theres a border you know, works both ways too.
Posts: 181 | From: Quebec | Registered: Aug 2005
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Noticed some posts/pages have disappeared on this thread. Could this be why?
By ALEX DOMINGUEZ Associated Press Writer
ANNAPOLIS, Md.
The publisher of a financial newsletter told Maryland's second highest court Wednesday that he should not be forced to disclose his subscriber list and other information sought by an Arizona company seeking those it says made defamatory online comments.
The publisher, Timothy M. Mulligan, told the judges "almost everything we publish could potentially be subpoenaed," putting him in the position of constantly appearing for depositions if his request to quash a subpoena by the Arizona drug company, Matrixx Initiatives, is denied.
The judges, however, appeared to side with Matrixx, repeatedly asking why Mulligan should not appear for the deposition and invoke his right not to reveal his subscribers and sources under Maryland's so-called "Shield Law," which protects the rights of the press.
"My sense is it didn't go well," Mulligan said after the hearing.
"It's not clear yet, but it will probably be in litigation for years because I have no intention of giving up my sources or subscribers."
After the hearing, Matrixx attorney David Tobin said "no one has the right to make defamatory comments. That is not protected speech."
Internet postings have become the subject of a number of court battles, especially in cases where they have affected the stock prices of companies. Free speech advocates have also become involved and the issue has even entered the political arena in Maryland.
Joseph F. Steffen Jr., a former aide to Republican Gov. Robert L. Ehrlich Jr., resigned last winter after it was revealed that he had posted rumors about Baltimore Mayor Martin O'Malley's personal life on Internet chat sites. O'Malley is seeking the Democratic nomination for governor and would face Ehrlich in the general election if he wins.
Tobin told the court it was unclear whether Mulligan could invoke the shield law.
"That's the white elephant in the room," the Matrixx attorney told the judges.
Mulligan said appearing constantly for depositions could hamper his ability to make a living, especially since his newsletter reports on questionable accounting practices by companies. The judges later asked Tobin how many depositions Mulligan would have to sit through.
"Hopefully, one," Tobin responded.
In response to the first subpoena by Matrixx, Mulligan two years ago turned over nearly 400 pages of documents, which he said was mainly source material for his report. He has refused to comply with a second subpoena seeking, among other things, his subscriber list and any contacts with an anonymous poster to Internet messages boards known as "TheTruthseeker."
However, Montgomery County Circuit Judge Eric M. Johnson denied Mulligan's request to quash the second subpoena and Mulligan appealed to the Court of Special Appeals.
Matrixx claims the postings are part of a scheme to drive down the company's stock, benefiting traders who sell short, or borrow shares and repay them at a later time, hopefully when the price has dropped.
The company filed a defamation lawsuit in Arizona in 2002, naming two dozen John and Jane Does as defendants. Matrixx has also been battling lawsuits claiming its Zicam Cold Remedy nasal gel causes permanent loss of smell and taste.
Mulligan has said he doesn't know the anonymous posters and doesn't think he should answer further questions. He is fighting the subpoena with the help of the American Civil Liberties Union, the Electronic Privacy Information Center, Public Citizen and other advocacy groups
Tobin, however, said the issue was merely one of discovery, the legal method of obtaining the facts in a dispute and not a precedent-setting First Amendment case.
The company "simply wants to know what Mr. Mulligan might know" about the online postings, Tobin said.
Posts: 2375 | Registered: Nov 2004
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posted
Listen. Can you hear it? The sound of hundreds of fat, sticky fingers on keyboards trying to delete their previous posts on the CMKX threads. Too late boys. It's all been recorded and someone may be calling on you soon to answer for your slanderous comments. Maybe you'll be lucky and get UC as a cell mate so you can show him how tough you are in person, and not hiding behind a keyboard in you mother's basement. Ex-prison guard against gheezer basher. Should be fun. Have a nice night.
Posts: 170 | Registered: Jul 2005
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posted
I honestly believe that these ones that pump these to unexpecting shareholders need to watch out. They maybe in seriour trouble after all is said and done about the stuff they said. And Jay and Acca deserve to be there at the top of the list.
But as far as your comments which is just as slanderous to people on this board, You can't sue someone and take the fifth at the same time. You would need to come clean on where all that money went if you went after someone elses. roflmao
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
And guess what, the accountant had no trouble saying that illegal activities where going on at CMKX and UC.
And we already heard from a Judge that by UC taking the 5h that the worst could be inferred.
Then too the company lied about the O/S several times. They lied about almost completing filings over and over last year. Come on the facts are clear. This isn't made up stuff and so isn't slander. duh
Just because you refuse to ee the facts doesn't mean the rest of us aren't telling the truth. The only lies that I see are the .67 settlements being spinned by the cult and the stings and unproven NSS. Better watch out pumpers.
[ November 02, 2005, 20:52: Message edited by: Ric ]
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
About the sec powers... I don't believe they have final criminal judicial authority. I think the SEC can process certain proceedings then have to hand it all over to another government branch. I remember reading something like that in the SEC site. And ACKCANE.. you had me going till this remark..: "I see so many people post how they just spoke to the CEO and the CEO said this and that . . . Pure BS!!! It isn't true until it is PR'ed and there isn't a single CEO that is going to release news TO A MESSAGE BOARD" ...WHAT the hell made you think PR's are TRUE !?? You haven't been in the penny game too long, huh.
UC isn't going anywhere. He's investing the share handouts to himself from the entourage deal. Now, let me help people out here.... go to the very beginning of the cmkx and sggm threads on any board. Take note of the PR's and filings, you will notice extremely familiar pr's and letters. Now go to the end of thread 'cmkx all is lost, lights out' and you will now know exactly the scam UC will run on you with entourage....... your welcome... oh and yes, you should see Legal with the new play. He's a pump puppy for UC. And, ah, Legal, yes, this may be an attack on your board persona's, and you know what??? I don't give a rat's ass. S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines.... Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005
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