Allstocks.com's Bulletin Board
Topic Closed  Topic Closed
Post New Topic  New Poll  
Topic Closed  Topic Closed
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » CMKX - revoked but assets still to come? (Page 23)

 - UBBFriend: Email this page to someone!   This topic comprises 24 pages: 1  2  3  ...  20  21  22  23  24   
Author Topic: CMKX - revoked but assets still to come?
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post 
well ETGMF is well on its way down the diluting path...not anywhere close to cmkx or even most pennies but...over 17 million out, options for about 4 million tho most will nevewr fill, they start at .25. never see .25 again and 53.3 million about to head out. they do have 1 property that has a chance. didn't come from cmkx & its yrs from being income but they might be able to get a canadain value attached & then sell the thing for cash. they would only get pennies on the dollar because the real cost is getting to the mining point. any company with that kind of cash or income can wait till they default verses paying top dollar.

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post 
Total Received Fax's: 2760 Total Fax's Filed: 2237 Filed Certs Total: 66,871,236,798


they better start getting some faxes in or they won't get 200 billion shares & that will delay everything for yrs. entourage may be gone by the time they hand out shares...lol

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
So basically the new entity is flat broke.. and the shell game continues on... scammer/crook/thief or whatever you call him... to me Urban is a genious and his Casavant Manuever was brilliant. The ex-prison guard is now a millionare.... brilliant!


""We will NOT continue exploration of our properties until we raise money.""

Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
ed19363
Member


Rate Member
Icon 1 posted      Profile for ed19363     Send New Private Message       Edit/Delete Post 
I wonder if he kept the two little diamond chips as souvenirs??

We need to start a pool to guess the first day ETGMF goes under a penny.

--------------------
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  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
http://tinyurl.com/7wpz3



IT'S TIME!
« Thread Started on Yesterday at 9:19am »
It's time to go after the *******s that stole our money! What are we waiting for?

1) Our Entourage Divy (LMFAO)? It will probably cost more in commissions to sell entourage than the POS stock is worth.

2)The Zillion dollar valuation to be announced? Andy already stated that he believes that no valuation has ever been completed. Besides, we know what UC believes CMKX is worth. He sold it to Entourage for 25 Million.

3)The .54 settlement? LMFAO!!! Think about it this way...Andy and Frizzell say that they no nothing about a settlement. They are closer to cmkx management than any of us. However people are choosing to believe people on message boards like ELO, Jay Dickhead, Queerquest, SCAMp etc. Yeah, ok, ELO knows what's going on but Frizzell doesn't. Makes a lot of sense.

I know three things about cmkx.

1) CMKX management mislead investors.

2) CMKX management failed to produce financial statements (as required by the SEC) so that investors could make informed decisions about out their investment.

3) 703 billion shares were issued and cmkx is supposedly out of funds.


My question...WTF are we waiting for? It's time to proceed with legal action. I could care less how much it costs. I want the "bad guys" to feel the pain that shareholders have had to endure by holding this POS stock and supporting the team for the last several years. Oh yeah, we should have patience right? Well two years is more than enough patience in my book.

Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
http://tinyurl.com/cbcnr

LondonE
God of Diamonds
*****
member is online


Joined: Mar 2005
Posts: 938
Karma: 3
MAJOR DAMAGE CONTROL
« Thread Started on Nov 29, 2005, 6:56pm »
Where is the filing?

At the end of the day, that is the real question. Looking for an NSS is a nice diversion.

Where is Urban? Where is the filing? Why does Entourage report no work was done on the claims transferred to them to show any sort of valuation?

Where is the filing? Why is CMKX broke?

This is MAJOR MAJOR MAJOR DAMAGE CONTROL.

Why are we being told repeatedly by a small group of posters to wait before seeking legal recourse? Wait for what?

Where is the filing?

Why was there no work reportedly done on the claims that were sold to Entourage?

What the hell was Urban doing all this time?

The American Shaft is GONE from us shareholders?

Two MICRODIAMONDS at Carolyn? We were shown the geologist report 1 yr after the PR?

What the hell is going on?

Where is the friggin filing?

MAJOR DAMAGE CONTROL.

Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
LondonE
God of Diamonds
*****
member is online


Joined: Mar 2005
Posts: 939
Karma: 3
Re: MAJOR DAMAGE CONTROL
« Reply #20 on Yesterday at 12:18pm »

Yesterday at 11:56am, finallypayday wrote:
No, LondonE, I just think that there is a lot more behind the CMKX saga than you can see. IMO, this is FAR from a scam and total loss for shareholders. Based on all the DD that has been shared in the last few years, I believe that there is value in the claims and I also believe that the "bonafide" shareholders will be brought along for the ride. It's hard to argue that these claims aren't quite valuable based on what is happening all around them. The biggest question for me is how the shareholders will be taken along. CIM, Entourage, SGGM, GEMM, etc, etc?


Fair enough.

What DD am I missing? Please fill me in on the drilling samples/reports I missed that you possess? Direct me to the stakeholder docs that Pedro provided, or your own for that matter, to show me UC owns majority shares demonstrating his belief in this company? Please show me the hidden doc that explains why ole' Wesley Casavant bought into Entourage months before I did, while his pop was telling us filing was coming SOOn? I haven't seen that hidden doc you must have seen yet. You must have a copy of the filings too explaining where hundreds of millions of dollars equating to issuance of 703 billion... hold on.. need to capitalize that as I fear we are becoming desensitized to it... BILLION shares went?

Seven thousand Million shares.

Where are the funds? You must know.

Can you share your dd with me please.... I have lost the way.

seriously.

What can you share?
IP:

Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
Lol leagleeagle is a celebrity and that WWJDThrume is insane (she makes a cameo appearence)

http://tinyurl.com/eyx6w


Poll Poll Question: Who is dishing out the most smites?
Pedro [*] (3 votes, 4.4%)
Me [**********] (18 votes, 26.8%)
WWJDThrume (debi) [**************] (25 votes, 37.3%)
Canuck [*] (3 votes, 4.4%)
BrainDamage [**] (5 votes, 7.4%)
AndyCarter [ ] (1 vote, 1.4%)
Timontoo [*] (2 votes, 2.9%)
Noahttl (leagleagle)[*****] (10 votes, 14.9%)


Yesterday at 2:33pm, thekoolaidkid wrote:
Canuck, You are such a joke.

Posting under an alias!!! What gave me away signing it IMO-Debi? or saying my account was deleted?

I'm the hypocrite? My account is BACK now from being deleted by someone other than me. It has zero post history and no PM's. So I didnt' imagine it.

I figured if I posted this publicly the gutless wonder who deleted me might try to save face and let me post as WWJD.


That is how I see it. IMO-Debi


Did you actually click the link and review your profile?

http://cmkxdiamond.********s66.com/index.cgi?action=viewprofile&user=wwjdthrume

You have 1,459 posts. I checked the security log and your account has not been deleted/modified in any manner whatsoever. It was created Aug 15, 2004, 5:05pm. Ask any admin of any board. That is a date we cannot modify.

In fact you logged in with it yesterday. I am not sure what you are trying to perpetuate but just another example of how you like to ignore the facts and make wild accusations.

Why would anyone want to delete your account anyway? We enjoy the entertainment...

[ December 01, 2005, 12:19: Message edited by: netra ]

Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
Upside
Member


Icon 1 posted      Profile for Upside     Send New Private Message       Edit/Delete Post 
I miss Wallace.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post 
Well UP, I could be rude, obnoxious and self-agrandizing if you like.
Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
Entourage tries to gather loose ends in SEC filing

2005-12-01 21:01 ET - Street Wire

Also Street Wire (U-CMKX) CMKM Diamonds Inc


by Lee M. Webb

Entourage Mining Ltd., a Vancouver-based company trading on the OTC Bulletin Board, has filed its financial statements for the third quarter ending Sept. 30 with the U.S. Securities and Exchange Commission (SEC). The cash-strapped company's financial results may be of less interest than the notes to the unaudited statements.

Among other things, in the notes to the financial statements Entourage tries to gather up some loose ends regarding recent Saskatchewan property deals involving CMKM Diamonds Inc., Urban Casavant's massively diluted and recently revoked pink sheet woofer.

The numbers

The raw financial results for Entourage, headed by former McDermid St. Lawrence broker Gregory Kennedy and backstopped by chairman Paul Shatzko, are unimpressive and, like many OTC-BB companies, the Howe Street creation is flagged with a going concern warning.

Entourage, which reports in Canadian dollars, had a meagre $5,957 in cash and total current assets of only $102,641 as of Sept. 30. Entourage's current liabilities rang in at $168,415, leaving the company with a working capital deficit of $65,774 at the end of the quarter. The company's accumulated deficit stood at approximately $2.4-million.

The third-quarter results take into account a small private placement of 295,000 flow-through shares priced at 20 cents per share and 550,000 units priced at 18 cents per share, each unit comprising one share and one warrant exercisable at 30 cents per share, that was completed on Sept. 22.

The financing netted approximately $156,000 for financially challenged Entourage just before the end of the quarter.

The B.C. Securities Commission (BCSC), like other Canadian regulators, no longer provides the investing public with access to the identity of participants in private placements, so there is no way of knowing who anted up the cash in that small financing or, barring a filing error, any other private placement for that matter.

Included in the very limited information that the BCSC still makes available, however, is the jurisdiction in which the participants in private placements reside and the total dollar value raised in each reported jurisdiction.

In the Sept. 22 Entourage financing, the 290,000 flow-through shares with a reported value of $59,000 were purchased by a participant or participants residing in B.C.

In addition, 266,667 of the units priced at 18 cents per unit were issued in B.C. for $48,000.

The remaining 283,333 units from the Sept. 22 financing were whisked offshore, with 150,000 units costing $27,000 ending up in the secretive offshore enclave of Jersey and the other 133,333 units valued at $24,000 landing in Switzerland.

Other financings

Subsequent to the end of the third quarter, Entourage completed two other private placements, one a rather quiet affair completed just days after the end of the quarter and the other a noisier deal that was finally wrapped up on Nov. 18.

As disclosed in the notes to Entourage's financial statements, on Oct. 5 the company completed a private placement for just over 1.27 million units priced at 13 cents per unit, each unit comprising one share and one warrant exercisable at 29 cents per unit for two years.

An amended BCSC filing submitted on Nov. 15 discloses that all of the 1.27 million units in the Oct. 5 financing, valued at $165,750, were whisked offshore to Switzerland.

Coincidentally, on Oct. 6 Entourage, normally a languid OTC-BB stock, notched a record volume as more than 1.5 million shares changed hands and the stock price nearly doubled to 20 U.S. cents.

Interestingly, while an Oct. 13 SEC filing indicates that Entourage issued a news release on Oct. 5 regarding the private placement of 1.27 million units, Stockwatch's database does not contain a copy of that release, nor can it be found on other financial sites such as Yahoo! Finance or the OTC-BB website.

In marked contrast to the quiet Oct. 5 financing, the private placement that finally closed on Nov. 18 was the subject of a number of news releases that were closely watched by CMKM's dwindling but still vocal band of cult-like followers as well as shell-shocked investors stuck in Mr. Casavant's revoked pink sheet promotion, some of whom have reluctantly come to the conclusion that the wild cultish fantasies accomplished little other than lighten their bank accounts.

On Oct. 10, just five days after closing the quiet offshore financing, Entourage announced that it was in negotiations to issue seven million units priced at 15 U.S. cents per unit to raise $1.05-million (U.S.).

On Oct. 20, the Entourage issued a news release disclosing that it had entered into three Saskatchewan property agreements in which CMKM figured rather prominently, hence the interest from CMKM's cult-like Internet followers.

Entourage noted that the property agreements were contingent upon the company completing the $1.05-million (U.S.) financing by Oct. 28.

When Oct. 28 rolled around, Entourage reported that it had received cheques totalling $1.05-million (U.S.) and the financing had been closed in escrow until the cheques cleared.

It was not until Nov. 18 that Entourage disclosed that the cheques-in-the-clearing financing did not work out as planned. Reportedly, one investor did not come up with the cash and Entourage ended up with only $800,000 (U.S.).

With the injection of $800,000 (U.S.), Entourage reportedly now has a less than staggering working capital surplus of approximately $527,000.

Notwithstanding the trimmed financing, Entourage announced that the Saskatchewan property agreements consisting primarily of shares-for-claims would proceed.

As previously reported by Stockwatch, CMKM is supposed to receive a total of 50 million Entourage shares under the terms of three property agreements, only two of which were directly negotiated with Mr. Casavant's dead pink sheet play.

Stockwatch raised a number of questions regarding the Saskatchewan property deals, some of which were at least partially addressed when Entourage filed copies of the agreements with U.S. and Canadian regulators.

In the wake of those filings, Stockwatch raised some further questions about seeming oddities in the agreements, including the status of the purported 1,087 claims covered in the largest of the three deals.

Among other things, some of the issues raised by Stockwatch are further addressed in the notes to Entourage's third quarter financial statements.

The notes

In the largest of the three property deals negotiated with Emerson Koch's numbered Saskatchewan company, Entourage will reportedly receive an 80-per-cent stake in 1,087 claims known as the Smeaton property in exchange for approximately 33.89 million shares.

Under the terms of that agreement, 30 million of those shares will be issued to CMKM and will form part of a planned liquidating distribution of CMKM's assets to its shareholders.

Early on, Stockwatch questioned just why Mr. Koch directed Entourage to issue that wad of shares to CMKM.

According to the Smeaton property agreement filed on Nov. 21, Mr. Koch's apparent largesse was actually a matter of contractual obligation.

The Nov. 21 filing indicates that under the terms of a previous Aug. 1, 2003, Smeaton agreement and purported 2004 amendments with Mr. Casavant's pink sheet dog, Mr. Koch's company was required to give the 30 million Entourage shares to CMKM.

Oddly, as Stockwatch pointed out, the original Aug. 1, 2003, agreement between CMKM and Mr. Koch's company does not contain any provision under which Mr. Koch is obligated to pay CMKM any amount in cash or kind under any circumstance and the purported 2004 amendments to that agreement have never seen the light of day in any public disclosure.

In the notes to its financial statements, Entourage addresses that matter again, claiming that the 30 million shares are being issued to CMKM on the advice of Mr. Koch that they are "intended to settle debts, liabilities or obligations" between his company and Mr. Casavant's dead pink sheet promotion.

The nature of those debts, liabilities or obligations remain a mystery.

In any event, neither the 30 million Entourage shares reportedly earmarked for CMKM nor the remaining 3.89 million shares for Mr. Koch's company have yet been issued.

Stockwatch also raised the issue of the status of the 1,087 claims comprising the Smeaton property, pointing out that hundreds of those claims were set to expire in the absence of filing required technical work reports or a cash deficiency bond with Saskatchewan Industry and Resources.

As reported by Stockwatch, a random sample of 10 of 318 claims that could lapse at the end of October revealed that no assessment work had been filed on any of the sampled claims and cash deficiency bonds had only been submitted for two of those claims.

Evidently Entourage did not have a clue about the exact status of the Smeaton claims when it inked the yet to be consummated deal.

"The company is in the process of determining the exact status of these claims and believes that most, if not all, of the claims have sufficient assessment work performed on them to keep the claims in good standing with the Government of Saskatchewan until January of 2007," Entourage discloses in a note to its financial statements.

The foundation for Entourage's belief that enough assessment work has been performed to maintain the claims in good standing is another mystery.

Entourage further notes that it has "formally requested" Mr. Koch's company "to immediately register its prior work as assessment work on these claims so that it can determine which claims are in good standing, which require further work to maintain in good standing and which (if any) are not in good standing."

It remains to be seen how that will turn out.

Meanwhile, if and when the 30 million shares are issued to CMKM, they will have no voting rights until they are distributed to the company's shareholders.

"Entourage does not know when, if at all, the 30,000,000 shares will be delivered to the CMKM shareholders," the company cautiously advises.

In a second deal, CMKM is assigning Entourage its right under a defaulted agreement to acquire a 50-per-cent interest in four prospective uranium claims known as the Hatchet Lake property owned by Rick Walker's TSX Venture company United Carina Resources Corp. in exchange for 15 million shares.

CMKM reportedly intends to distribute those 15 million shares to its shareholders, too.

As disclosed in the notes to Entourage's financial statements, those 15 million shares have not been issued yet, either. And, once again, Entourage disclaims any knowledge about "when, if at all," those shares will be distributed.

Under the third Saskatchewan property agreement, Entourage will issue five million shares to CMKM in return for a reported 36-per-cent interest in 337 claims known as the Forte property owned by John E. Dhonau's Nevada Minerals Inc., a private company.

CMKM claims that it has already paid Nevada Minerals for that 36-per-cent interest, but the accuracy of that claim cannot be confirmed from the pink sheet company's shoddy public disclosures. Indeed, what is known is that at least as of May 10 CMKM was still on the hook for $2-million (U.S.) to Mr. Dhonau's company.

In any event, the five million Entourage shares under the Forte deal have not yet been issued.

Interestingly, there are no reported strings upon the yet to be issued five million shares that form part of that agreement and Entourage does not offer any disclaimer with respect to the ultimate fate of those shares.

Given CMKM's remarkably dismal record when it comes to meeting its commitments and following through with announced plans, Entourage's notable lack of comments or disclaimer regarding those five million shares may invite questions about whether Mr. Casavant's pink sheet woofer still intends to distribute the full 50 million Entourage shares.

Meanwhile, Entourage's share price, which notched a 52-week high of 70 U.S. cents in the wake of the Oct. 20 announcement of the Saskatchewan deals, has been under some pressure recently.

On Nov. 30, Entourage's stock price dipped as low at 16 U.S. cents before making up some ground in late afternoon trading. Interestingly, according to a Nov. 30 SEC filing, Mr. Kennedy chipped in with some modest support as the price was taking a bit of a beating, acquiring 10,000 shares at 17 cents per share.

Trading was relatively flat on a volume of 160,000 shares as Entourage closed at 21 U.S. cents on Dec. 1.

The saga continues.

Comments regarding this article may be sent to lwebb*stockwatch.com.

(Further information regarding CMKM Diamonds and associated companies can be found in Stockwatch articles dated Oct. 21, 2003; June 22; Sept. 16 and 24; Oct. 1, 15 and 20, 2004; Feb. 11, 14, 18, 22 and 23; March 1, 3, 4, 7, 14, 15, 16 and 21; June 6, 8, 9, 10, 13, 14, 15, 16, 17, 20, 21, 22, 29 and 30; July 1, 4, 6, 12 and 13; Aug. 2, 5 and 9; Sept. 7, 12, 27 and 30; Oct. 24, 26 and 31; and Nov. 7, 11, 22 and 25, 2005.)


--------------------------------------------------------------------------------

Reader Comments - Comments are open and unmoderated, although libelous remarks may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.

Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
ed19363
Member


Rate Member
Icon 1 posted      Profile for ed19363     Send New Private Message       Edit/Delete Post 
"woofer".....gotta love his terminology....hahahahahahahaha

--------------------
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  |  IP: Logged | Report this post to a Moderator
Doctoall
Member


Icon 1 posted      Profile for Doctoall     Send New Private Message       Edit/Delete Post 
How Sweet It Is [Big Grin]

10-17-2005 -- Gordon, Robert P. et al. -- Indictment -- News Release

Five Indicted in Alleged Stock Swindle that Cost Investors More Than

$15 Million

CAMDEN - Two New Jersey men and three others from Florida and New York were charged in a federal Indictment unsealed today with running an intricate stock fraud and money laundering scheme that cost public investors more than $15 million in losses, U.S. Attorney Christopher J. Christie announced.

The five defendants were either arrested today by the FBI or surrendered voluntarily.

The Indictment describes a scheme in which the defendants, along with other unindicted cooperating co-conspirators, used deceptive and manipulative practices in connection with the fraudulent issuance, purchase and re-sale of stock of TeleServices Internet Group Inc. (TSIG) and Phoenix Information Systems, Inc. (Phoenix), from December 1996 through October 2000.

Both companies were publicly traded on the Over the Counter Electronic Bulletin Board System. According to the Indictment, the conspiracy involved the chairman of TSIG and Phoenix, TSIG's former independent auditor, and at least three licensed securities brokers, two of whom resided and worked in New Jersey. Furthermore, three co-conspirators who were not charged in the Indictment include a securities attorney from Denver, Colo., a New Jersey securities broker who formerly owned the brokerage firm of DiMedio Kirchhoff & Co., and a Canadian securities broker employed at Union Securities in Vancouver, British Columbia, Canada.

Charged in the Indictment unsealed in U.S. District Court in Camden were:

• Robert P. Gordon, 55, of St. Petersburg, Fla., the major shareholder of TSIG and the company's CEO, CFO, chairman and director. Gordon was also the founder and chairman of Phoenix;

• Joseph F. Morgan, 50, of St. Pete Beach, Fla., who served as TSIG's independent auditor during the late 1990's, and later purportedly performed capital raising and promotion activities for the company;

• Bernard Deutsch, 71, of Brooklyn, N.Y., who was the president and chairman of an entity called Lexus Partners, Ltd., with offices in Brooklyn. Deutsch also controlled two entities called Basic Investments, Ltd. and IRA Group, Inc., both with offices in Brooklyn. Deutsch, too, purportedly performed capital raising and promotion activities for TSIG;

• Thomas S. King, 47, of Cherry Hill, N.J., who was licensed to sell securities by the National Association of Securities Dealers (NASD). King was the broker on a stock brokerage account owned by Gordon and maintained at DiMedio Kirchhoff & Co., Inc. That account was in the name Visitors Services International Corp., which changed its name to TSIG in 1999.

• Robert Pozner, 61, of Ridgewood Park, N.J., who was licensed to sell securities by the NASD. During the time period alleged in the Indictment, Pozner was employed at various securities brokerage firms, including Investors Associates, Inc. and Glen Michael Financial, Inc., both New Jersey brokerage firms.

Pozner and King, along with their attorneys, surrendered to Special Agents of the FBI's Atlantic City Resident Agency today. Both defendants were arraigned on the Indictment today before U.S. Magistrate Joel B. Rosen, in Camden. Judge Rosen release both on $250,000 secured bond. King was released with electronic monitoring. Deutsch was arrested early today in New York by Special Agent of the FBI and was to have an initial appearance before U.S. Magistrate Mark Falk, in Newark today. Morgan and Gordon were arrested today by members of the FBI in Florida and are expected to have an initial appearance tomorrow, October 18, in federal court in the Middle District of Florida.

The Indictment alleges that the defendants, with the assistance of other insiders, were able to secretly gain control of nearly 100 million free-trading shares of TSIG stock and sold those shares in the public marketplace to unsuspecting investors. In the end, the defendants and co-conspirators received millions of dollars, leaving unsuspecting investors with worthless or near worthless stock.

For instance, several of the defendants allegedly executed fraudulent consulting agreements between TSIG and both domestic and offshore entities, which the defendants secretly controlled. Typically, the offshore entities were located in the Cayman Islands.

The consulting agreements falsely indicated that the entities provided a service to TSIG and in exchange, in lieu of monetary payment, the defendants caused millions of shares of the TSIG stock to be issued in the name of the entities, according to the Indictment. The fraudulent consulting agreements allegedly allowed the defendants to bypass federal securities registration requirements, including, among other things, full and complete disclosure of insider transactions.

The fraudulently received shares were then allegedly laundered through brokerage accounts that were controlled by defendants and maintained in Canada and the United States. Over time, those shares were systematically sold utilizing the services of the co-conspiring licensed securities brokers, who would sustain the stocks per share price through orchestrated transactions using pre-arranged sale and purchase prices. Often, the brokers purchased the TSIG shares for their retail customer portfolios without the customer's authorization. Afterward, the ill-gotten proceeds were often laundered by wire transferring those funds from the brokerage accounts to an attorney trust account located in Denver and then dispersed to the co-conspirators. In total, the co-conspirators received approximately $15 million through their fraud scheme.

The long-term investigation was an effort of the Federal Bureau of Investigation and the Internal Revenue Service, Criminal Investigation Division, along with Assistant U.S. Attorney Thomas S. DiLeonardo.

The Indictment can be found on the Public Affairs Office web site at: www.usdoj.gov/usao/nj/publicaffairs/index.html

The defendants are each charged in Count One of the Indictment, which alleges a conspiracy to commit securities and wire fraud. Additionally, Gordon, Morgan, Deutsch and King are charged in Count Two of the Indictment, which alleges a conspiracy to commit money laundering. Each count carries a maximum penalty of 20 years in prison and a fine of $250,000 or twice the aggregate loss to the victims or gain to the defendants.

In determining an actual sentence, the judge to whom the case is assigned would, upon a conviction, consult the U.S. Sentencing Guidelines, which provide appropriate sentencing ranges that take into account the severity and characteristics of the offense, the defendant's criminal history, if any, and other factors. The judge, however, is not bound by those guidelines in determining a sentence.

Parole has been abolished in the federal system. Defendants who are given custodial terms must serve nearly all that time.

Despite Indictment, every defendant is presumed innocent, unless and until found guilty beyond a reasonable doubt, following a trial at which the defendant has all of the trial rights guaranteed by the U.S. Constitution and federal law.

Christie credited Special Agents of the FBI's Atlantic City Resident Agency, under the direction of Special Agent in Charge Leslie Wiser, Jr. in Newark, the IRS Criminal Investigation Division, under the direction of Special Agent in Charge Patricia J. Haynes, and the National Association of Securities Dealers, Washington, D.C., with the investigation leading to the Indictment.

The Government is represented by Assistant U.S. Attorney Thomas S. DiLeonardo of the Criminal Division in Camden.

- end -

Defense Attorneys:

Pozner - Miranda Fritz, Esq. New York City

King - Robert Stahl, Esq. Westfield

--------------------
Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow

Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post 
WALLACE IS ALIVE AND WELL AND LIVING AT PB32/66.


YOU'LL BE HAPPY TO KNOW HE IS ALREADY POKING ME WITH A STICK FOR MY POST TO UP. LOL

Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post 
"The Indictment alleges that the defendants, with the assistance of other insiders, were able to secretly gain control of nearly 100 million free-trading shares of TSIG stock and sold those shares in the public marketplace to unsuspecting investors. In the end, the defendants and co-conspirators received millions of dollars, leaving unsuspecting investors with worthless or near worthless stock.

For instance, several of the defendants allegedly executed fraudulent consulting agreements between TSIG and both domestic and offshore entities, which the defendants secretly controlled. Typically, the offshore entities were located in the Cayman Islands.

The consulting agreements falsely indicated that the entities provided a service to TSIG and in exchange, in lieu of monetary payment, the defendants caused millions of shares of the TSIG stock to be issued in the name of the entities, according to the Indictment. The fraudulent consulting agreements allegedly allowed the defendants to bypass federal securities registration requirements, including, among other things, full and complete disclosure of insider transactions."


anyone read this & have the long list of companies that got CMKX shares come to mind? also note that lee webb found that some of the entourage deals came from switzerland. a nice place for UC to transfer money to. if the deals were paid by banks in switzerland it would look like thats where the person buying the shares was from. back door deals. we know why koch has to give cmkx those shares, the millions he got in cmkx shares. if those claims aren't in the shape koch says they are cmkx wont be getting 30 million shares & the r/s into entourage grew greatly.

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
Upside
Member


Icon 1 posted      Profile for Upside     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by legaleagle:
Well UP, I could be rude, obnoxious and self-agrandizing if you like.

Please.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
RiescoDiQui
Member


Icon 1 posted      Profile for RiescoDiQui     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by Upside:
quote:
Originally posted by legaleagle:
Well UP, I could be rude, obnoxious and self-agrandizing if you like.

Please.
$hit, honest and realistic would be asking too much I guess.

--------------------
Spend Word For Word With Me And I Shall Make Your Wit Bankrupt.

Posts: 1326 | From: Here | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
Hammer
Member


Icon 1 posted      Profile for Hammer         Edit/Delete Post 
quote:
Originally posted by legaleagle:
WALLACE IS ALIVE AND WELL AND LIVING AT PB32/66.


YOU'LL BE HAPPY TO KNOW HE IS ALREADY POKING ME WITH A STICK FOR MY POST TO UP. LOL

I saw him over on DWB using the ID "Riches" with a burning $$$$ bill.

--------------------
OUCH? Next time try the head!

Posts: 64 | From: Everywhere | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
ed19363
Member


Rate Member
Icon 1 posted      Profile for ed19363     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by bill1352:
"The Indictment alleges that the defendants, with the assistance of other insiders, were able to secretly gain control of nearly 100 million free-trading shares of TSIG stock and sold those shares in the public marketplace to unsuspecting investors. In the end, the defendants and co-conspirators received millions of dollars, leaving unsuspecting investors with worthless or near worthless stock.

For instance, several of the defendants allegedly executed fraudulent consulting agreements between TSIG and both domestic and offshore entities, which the defendants secretly controlled. Typically, the offshore entities were located in the Cayman Islands.

The consulting agreements falsely indicated that the entities provided a service to TSIG and in exchange, in lieu of monetary payment, the defendants caused millions of shares of the TSIG stock to be issued in the name of the entities, according to the Indictment. The fraudulent consulting agreements allegedly allowed the defendants to bypass federal securities registration requirements, including, among other things, full and complete disclosure of insider transactions."


anyone read this & have the long list of companies that got CMKX shares come to mind? also note that lee webb found that some of the entourage deals came from switzerland. a nice place for UC to transfer money to. if the deals were paid by banks in switzerland it would look like thats where the person buying the shares was from. back door deals. we know why koch has to give cmkx those shares, the millions he got in cmkx shares. if those claims aren't in the shape koch says they are cmkx wont be getting 30 million shares & the r/s into entourage grew greatly.

That's what I dont understand, Bill. How come they havent arrested UC yet? Sounds like the exact same thing to me. If we are never to see any of the money, it sure would be comforting to see the SOB spend some jail time.

--------------------
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  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post 
"The long-term investigation was an effort of the Federal Bureau of Investigation and the Internal Revenue Service, Criminal Investigation Division, along with Assistant U.S. Attorney Thomas S. DiLeonardo"


ya still might Ed. this stuff happened in 99 & 2000. they just revoked cmkx. it might be a few more yrs. he11 UC might be dead by the time they get ready to bring charges.

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post 
hey Hammer, was Wallace rambling with dementia like he did here??? the old coot was have troubles putting complete sentences together the last few months....lol

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
 -
Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
bill1352
Member


Member Rated:
4
Icon 1 posted      Profile for bill1352     Send New Private Message       Edit/Delete Post 
that second sentence from netra's post....our information INDICATES that UC & others may have advanced themselves undetermined amount of money without adequate explaination or documentation. this is from the second auditor & as they cant say it was wrong they can say there is proof something happened. Sarbanes-Oakley has nothing to do with it except in filings. since cmkx never filed they figured it was OK or their tracks were covered. it doesn't mean it was legal. think Tyco & Adelphia. as Koch got a large number of shares it could be why the 2004 change in the claim agreement & why he never defaulted or pulled cmkx off the claims. Entourage may just be a patsey in this as most of the claims are about to lapse and since no work was done it would take a large amount of money to keep them. UC sets entourage up by buying a bunch of shares from a company in serious need of cash early in the yr. only gives them a few hunderd K, nothing compared to the millions he got selling cmkx shares. koch gives entourage shares so UC can give them to cmkx shareholders hoping to shut them up. UC has money someplace, he is still paying Stocklien so he may have to pay to keep those claims good. as legal says...more info will come out.

--------------------
"keep your stick on the ice & your cup firmly in place"

Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post 
Things are sure boring around here without Wallace getting under legals skin, lol. This doesn't even break up the boredom of myself sitting around at the hospital all day. Then too legal has the new private club of koolaid drinkers on 57 to help keep his delusions alive. Come on legal, you need to post something outragious like CMKX being worth something so you can keep me entertained while I am stuck here. [Smile]

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
Highwaychild
Member


Icon 1 posted      Profile for Highwaychild     Send New Private Message       Edit/Delete Post 
Hope everything is going allright with her.

Oh, "Shakeman" is around Ric. He's "Wallaceno1" on 66 now, LOL! He's over there talking about Will and minions or something with some old names from here... LOL.Funny stuff... now only if JBkat get's in on it...

Posts: 2634 | From: The highway | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post 
Well, that sucks. The hospitals network doesn't allow PB access, Can't check it out, lol. Like to see what kind of trouble he is getting into over there. [Smile]

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post 
He remembered his friends, but ohterwise being his same old modest self:


Re: MORE FUN THAN ALLSTOCKS
« Reply #2 on Today at 10:45am »

--------------------------------------------------------------------------------
Wallace is on 32 now?? Allstocks turned into a basher board thanks to the efforts of folks like Wallace and his buddy Will. I guess he'll feel right at home with alot of the folks on 32. lol
« Last Edit: Today at 10:51am by spoal » Logged


wallaceno1
Diamond Hunter

member is online




Joined: Dec 2005
Posts: 30
Karma: 0
[ Exalt | Smite ] Re: MORE FUN THAN ALLSTOCKS
« Reply #3 on Today at 10:57am »

--------------------------------------------------------------------------------
Awww! You folks are just being too nice! Should I ask a few of my friends like Will, Upside, bill1352, ed, Dustoff and others over to keep us all company....just to add a few lines for the dedicated CMKXers? I know WorkAHolic and noahltl might show some improvement in their approaches to buying stocks that perform such as has CMKX. It would be like seeing the many rays sunlight again for so many of the still faithful cult members. They could come out of the darkness forever, given half a chance! LOL What fun we would all have!!!

PS: gluggo, give it time and you will surely recognize the name Wallace! LOL

Wallace#1

Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
legaleagle
Member


Rate Member
Icon 1 posted      Profile for legaleagle     Send New Private Message       Edit/Delete Post 
I had the strangest mental image from Wallace's post.


It was an image of a wild west saloon and a new gun slinger throwing open the swinging doors and shouting "OK boys I'm the quickest draw and I plan on provin' it here."

The funny part was that the "gunslinger" looked like Gabby Hayes.

Posts: 2375 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
http://tinyurl.com/9jdwc

Pedro2004
God of Diamonds
*****
member is offline


Joined: Apr 2005
Posts: 2,078
Karma: 42
Breakdown on who received the 778 Billion Shares.
« Thread Started on Today at 8:22am »


Starting as of 12/31/2004 .......

This list shows who received the 778 Billion Shares.


Shares issued to:


Balance 12/31/2004

Casavant Family
Urban Casavant
Casavant Family
Bill Dwyer
Eric Reid
Margaret Reid

Koch Family
101047025 Sask Ltd.
Emerson Koch
Emerson Koch
Koch Family

John Dhonau
Nevada Minerals ~ Retired
Nevada Minerals

CMKX Accountant
Business Works, Inc.

CMKX Employees
Ginger Guiterrez
Part Time Management

Casavant Friends
Jeff Arend
Tony Bartone
Anita Cohen
Connie Cohen
Jim Dunn
John Dunn
Mark Dunn
Peter Dunn
Wallace Giebelhaus
Dave Gutka
Gutka Family
Grant Hodgins
James Kenney
James Kinney
Kinney Family
Mazzei Family
Vince Mazzei
Allan Moen
Moen Family

Balance



_

_
NV
Canada
Canada
Canada
Canada

_
Canada
NV
Canada
Canada

_
NV
NV

_
NV

_
NV
NV

_
UT
CA
NV
CT
CA
CA
CA
Canada
NV
Canada
Canada
Canada
NV
NV
NV
Canada
Canada
Canada
Canada

_



778,518,875,000

_
(32,200,000,000)
(29,388,600,000)
(18,669,200,000)
(20,942,800,000)
(3,060,000,000)

_
(5,000,000,000)
(26,840,000,000)
(2,426,999,999)
(14,566,840,000)

_
(75,000,000,000)
(5,400,000,000)

_
(63,675,185,000)

_
(23,803,000,000)
(15,873,000,000)

_
(100,000,000)
(100,000,000)
(4,000,000,000)
(200,000,000)
(100,000,000)
(200,000,000)
(2,000,000)
(54,000,000,000)
(30,800,000,000)
(50,002,000,000)
(16,101,200,000)
(53,742,000,000)
(1,060,000,000)
(72,531,999,999)
(16,804,916,076)
(3,382,500,000)
(16,530,000,000)
(2,690,000,000)
(267,640,000)

119,058,993,926

IP:

Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
Dustoff 1
Member


Rate Member
Icon 1 posted      Profile for Dustoff 1     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by legaleagle:
I had the strangest mental image from Wallace's post.


It was an image of a wild west saloon and a new gun slinger throwing open the swinging doors and shouting "OK boys I'm the quickest draw and I plan on provin' it here."

The funny part was that the "gunslinger" looked like Gabby Hayes.

-----------------------------------------------
I wouldn't mess with Wallace, *heard he pulled the brain right out of low life pumpers head and then served it to the poor souls stock broker for lunch..He was not charged with a crime, however was awarded the legion of Merit for cleaning up a hazardous waste site..

Posts: 10729 | From: oregon | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
quote:
Originally posted by Dustoff101:
quote:
Originally posted by legaleagle:
I had the strangest mental image from Wallace's post.


It was an image of a wild west saloon and a new gun slinger throwing open the swinging doors and shouting "OK boys I'm the quickest draw and I plan on provin' it here."

The funny part was that the "gunslinger" looked like Gabby Hayes.

-----------------------------------------------
I wouldn't mess with Wallace, *heard he pulled the brain right out of low life pumpers head and then served it to the poor souls stock broker for lunch..He was not charged with a crime, however was awarded the legion of Merit for cleaning up a hazardous waste site..

What else can leagenoahatl do? The stock he pumped for so long is a scam and he's exposed for being a clueless joker.... now he's a just clown for us to sit back and laugh at.. [Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin]
Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
The return of wallace!

It looks like pro32/66 has been dekoolaided and a new mod has been put in place that is negative on cmkx as well as the mod that resigned.

http://tinyurl.com/9n399


wallaceno1
Diamond Hunter
*
member is online

[avatar]


Joined: Dec 2005
Posts: 33
Karma: 1
Re: MORE FUN THAN ALLSTOCKS
« Reply #16 on Today at 4:49pm »
Brain Damage,

You wrote: "What really does not work here, but is evidently par for the course on other boards, is put-downs and personal snipes at other members. Those'll get you a vacation muy pronto.
-BD"

Looks like no one has been reading WorkAHolic's or noahltl's posts, huh? Shame! LOL

Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
GatorMan
Member


Rate Member
Icon 1 posted      Profile for GatorMan     Send New Private Message       Edit/Delete Post 
Press Release Source: Entourage Mining Ltd.


Entourage Mining Terminates Forte Diamond Property Agreement
Monday December 5, 8:30 am ET


VANCOUVER, British Columbia, Dec. 5, 2005 (PRIMEZONE) -- Entourage Mining Ltd. (the ``Company'') (OTC BB:ETGMF.OB - News) wishes to announce that the Company has made the decision to terminate its agreement with CMKM Diamonds, Inc. and Nevada Minerals, Inc. dated October 20, 2005, whereby the Company was to acquire an interest in the Forte Diamond Property in Saskatchewan in exchange for the issuance of 5,000,000 of its common shares.
The Agreement was first announced on October 20, 2005.

The Company decided to terminate the Agreement in part because it appeared, after due diligence, that it was not possible for other parties to the Agreement to perform their obligations under its terms. The Agreement is also being terminated in part because of the financial burden (as much as Cdn $400,000) that it appeared the Company would have to spend to maintain the claims comprising the Forte Diamond Property and the likelihood that other interest holders in the Forte Property did not have the financial resources to make similar expenditures.


ON BEHALF OF THE BOARD OF DIRECTORS

"Paul Shatzko"
Paul Shatzko, Director

ADVERTISEMENT


Forward-Looking Statements:

Except for historical information contained herein, the statements in this press release may be forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Entourage Mining Ltd.'s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Entourage Mining Ltd.'s operations. These and other risks are described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.

For more information contact Craig Doctor at 604-278-4656 or visit the Company website at http://www.entouragemining.com.


Contact:
Entourage Mining Ltd.
Craig Doctor
(604) 278-4656
craig*entouragemining.com


--------------------------------------------------------------------------------
Source: Entourage Mining Ltd.

--------------------
The opinions expressed here by myself and others should be taken for what they are: opinions. Beware, many express opinion as fact. Do your own research from reputable sources and never invest more than you can afford to loose. ~,-,-< GatorMan

Posts: 752 | From: Springville, Utah | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
netra
Member


Rate Member
Icon 1 posted      Profile for netra     Send New Private Message       Edit/Delete Post 
And there you have it, scam is over.
Posts: 202 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
Ric
Member


Member Rated:
4
Icon 1 posted      Profile for Ric     Send New Private Message       Edit/Delete Post 
The clueless koolaid drinkers that can not comprend that they were scammed are already putting a spin on this. It is getting harder to beleive every day that these people really can't see this for the truth. I reallly find it that hard to believe that there is so many naive people. But I guess if there wasn't then the scam artist could never get away with this.

--------------------
Invest with your brain not with your heart.

Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
  This topic comprises 24 pages: 1  2  3  ...  20  21  22  23  24   

Post New Topic  New Poll  
Topic Closed  Topic Closed
Open Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share