posted
Frizz was on the "Task Force" before there even was a Task Force. Now he is on the BOD, if anybody has a good idea of bona fide stockholders I think it'd be him, and Maheu.
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
Dardadog always came on here saying you should get Trojans with your certs. Now he was a Allstocks hellraiser LOL. Wonder how he's doing these days...
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
How ironic. I didn't even see this post till now. Fitting as now there yet another dividend to be had.
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Dardadog
Member Rated: posted October 25, 2005 10:41 PM -------------------------------------------------------------------------------- Ex-Dividend Dates: When Are You Entitled to Stock and Cash Dividends Have you ever bought a stock only to find out later that you were not entitled to the next cash or stock dividend paid by the company? To determine whether you should get cash and most stock dividends, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."
When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.
Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Here is an example:
Declaration Date Ex-Dividend Date Record Date Payable Date 7/27/2004 8/6/2004 8/10/2004 9/10/2004
On July 27, 2004, Company XYZ declares a dividend payable on September 10, 2004 to its shareholders. XYZ also announces that shareholders of record on the company's books on or before August 10, 2004 are entitled to the dividend. The stock would then go ex-dividend two business days before the record date.
In this example, the record date falls on a Tuesday. Excluding weekends and holidays, the ex-dividend is set two business days before the record date or the opening of the market – in this case on the preceding Friday. This means anyone who bought the stock on Friday or after would not get the dividend. At the same time, those who purchase before the ex-dividend date receive the dividend.
With a significant dividend, the price of a stock may move up by the dollar amount of the dividend as the ex-dividend date approaches and then fall by that amount after the ex-dividend date. A stock that has gone ex-dividend is marked with an "x" in newspapers on that day.
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
-------------------- "The quality of decision is like the well-timed swoop of a falcon which enables it to strike and destroy its victim." The Art Of War - Sun Tzu
"Do Da Due - But Be Damn Quick About It" Da Art Of Daytrading - Dardadog
Posts: 2634 | From: The highway | Registered: Feb 2004
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Thank you for your patience waiting for our response regarding the shares of CMKX in your account. We understand your concerns regarding this matter, but as a self directed investor, you alone determine what securities you may buy and sell in your account. We do not offer guidance on which securities you may or may not choose to buy or sell.
In response to your questions, unfortunately, there are no guarantees your shares are "real shares". Your statements and trade confirmations serve as official records of your ownership of CMKX. The SEC has instituted Regulation SHO, which was adopted in January of this year and is designed to help deter abusive forms of naked short selling. One of the provisions of Regulation SHO is it requires short sellers to locate borrowed shares prior to the short sale and to close out a short position by purchasing securities of like kind and quantity for any fail to deliver positions that are outstanding over a certain number of days. Under Regulation SHO, until a position is closed out, a broker-dealer may not effect further short sales in that security without borrowing or entering into a bona fide agreement to borrow the security.
Unfortunately, securities of issuers not registered or required to file reports with the SEC, which includes a majority of issuers on the Pink Sheets, may not fall under the requirements of Regulation SHO. Regardless of the size of the short position, there is no guarantee that your shares are "real shares". The SEC has approved a stock borrow program for National Securities Clearing Corporation, the clearing firm that settles most transactions, that permits NSCC to borrow securities from its participants for the purpose of completing settlements if its participants have made those securities available to NSCC for this purpose and those securities are on deposit in the participant's account at the Depository Trust Company. Transactions do not have to go through NSCC to settle, however, so there is always a possibility that there can be a number of shares sold short where the selling party may fail to deliver them.
Your account will continue to show you as owning the shares as long as you continue to hold them. Your statements and trade confirmations serve as official records of your ownership of CMKX.
E*TRADE does not make a market in CMKX, and so it is not holding any short positions in CMKX.
With regards to CMKX being revoked, if you mean if trading in CMKX is halted or suspended, then the shares will remain in your account until the halt or suspension has been lifted. It is also possible that even after the suspension or halt has been lifted, E*TRADE may choose not to accept any buy or sell orders on the security until it is satisfied that there is a resolution to the cause of the suspension or halt in trading of CMKX. It may also be decided that all transactions will be broken after a certain date. If a customer holding CMKX shares were impacted by this decision, their account would be put back to the position they were in prior to their purchase of CMKX. This would include reversing the commissions that were incurred for the purchase of CMKX.
The "broken" action is associated with facilitating a trade adjustment, meaning the reversal of a purchase or sale transaction. If, for example, during a trading halt or suspension, a regulator determined that there were fraudulent shares of the company in the market, it may require that these transactions be reversed, or "broken". Usually, only in extreme cases will it be decided that a transaction will be broken. If a customer is holding shares of a company impacted by this decision, their account would be put back to the position they were in prior to their purchase or sale of that security. This would include reversing the commissions that were incurred for the purchase or sale of that security.
Unfortunately, issues like these can occur with stocks of companies that, generally, have not been current with their reporting and have their shares priced in the pennies. To learn more about the risks of investing in penny stocks, you can visit: http://www.sec.gov/investor/pubs/microcapstock.htm
If the shares of CMKX become delisted, or revoked based on a judge's decision, unfortunately, we would not be able provide you with advance notice in time to order certificates. The transfer agent for CMKX can place the shares in what is referred to as "Chill Status" at any time, and without prior notification. A chill status means that the shares would not be available for issuance in certificate form.
If you would like to order certificates at this time, please select the following from our web-site: Type "Submit a request online" into the Search section at the top of our web-site > Under Checks, Records, and Certificates, select Request a stock certificate. Please allow 4-6 weeks for delivery, and a $40 fee will be charged for this transaction.
Prior to placing your request please verify that we have the correct address on file for your account by selecting the following: Log On > Accounts > My Info.
E*TRADE appreciates this opportunity to respond to your concerns.
I hope this information has been helpful. Please let us know if we've addressed your questions and concerns satisfactorily by clicking the link below and taking a 30-second survey.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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1. Why must 100% of all worldwide CMKM Diamonds, Inc. (CMKX) Shareholders pull certs?
2. Has CMKX been naked shorted?
3. When will the Entourage Distribution be issued?
4. What if my shares are held in an IRA or Overseas Account?
5. What if my broker refuses to issue a Certificate?
Why must 100% of all worldwide CMKM Diamonds, Inc. (CMKX) Shareholders pull certs? The Entourage distribution will ONLY be paid to valid owners of CMKX. The company has determined that the only way to verify that you own valid CMKX shares is if you have physical possession your CMKX. If you choose not to order certificates, you will not participate in the Entourage dividend. The second reason for demanding a 100% certificate pull is determine the actual number of CMKX shares held by all shareholders, worldwide. If the total number of CMKX shares exceeds CMKX’s outstanding share count, this may be due to the existence of Naked Short Shares in the Market. Go to top added/updated * 2005-11-04 14:35:14
Has CMKX been naked shorted? Credible information indicates the number of naked short shares is between 400 billion to as much as two trillion shares. However, these numbers must be legally confirmed and validated before any action can be taken. That said, the time has arrived for all CMKX shareholders to flex our considerable collective power in this united campaign to achieve justice for friends, families and ourselves. It is our belief that CMKX shareholders have been handed, on a silver platter, the opportunity to become the most formidable force the naked short sale perpetrators have ever faced. Go to top added/updated * 2005-11-04 14:21:54
When will the Entourage Distribution be issued? If any one shareholder receives the Entourage distribution, then ALL CMKX shareholders will receive the distribution. It is our intent and obligation to assure no CMKX shareholder with certificates is left out! Therefore, we cannot provide a time on when the distribution will be issued, but it is reasonable to assume that just the process of you receiving your valid certificates from the Broker may take a couple months. Go to top added/updated * 2005-11-04 14:37:21
What if my shares are held in an IRA or Overseas Account? We know there are cases where the ability to obtain certificates is problematic: shares held in Individual Retirement Accounts, shares held by certain non-US brokers, and situations where shareholders are not able to pay the certificate fee charged by brokers. However, to participate in the Entourage distribution, you must have a legitimate Certificate. Please contact your Broker and determine the process by which shares held in these types of Accounts can be issued Certificates. As we learn more information on best practices around these situations, we will update this website. Please note that everyone who does pull certificates will be helping to right a monumental wrong that permeates our entire market system. This is an opportunity to participate in a history-making event. Our success may very well hinge on the shareholder community's perseverance in obtaining this proof of bona-fide share ownership. Go to top added/updated * 2005-11-04 14:37:44
What if my broker refuses to issue a Certificate? If you place a request for certificates and receive any type of resistance or refusal by the broker to fulfill your request, please contact us immediately by the email listed below with a description of your circumstances. You should try to obtain something in writing from your broker. Documentation of the broker’s refusal is important An email address has been set up specifically for these kinds of certificate-related problems with brokers: justice*cmkxtaskforce.com. Go to top added/updated * 2005-11-04 14:45:06
Posts: 2375 | Registered: Nov 2004
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quote:Originally posted by legaleagle: Ric, bill, will, doc, ed, has the fire gone out? LOL
What fire? Was there a fire?
-------------------- 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
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::knock, knock:: Snow on the roof, and no fire in the furnace....except for those that got burnt...
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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quote:Originally posted by legaleagle: Ric, bill, will, doc, ed, has the fire gone out? LOL
Nope, just quietly waiting the next chapter in the saga. I figure I might get my money back if I dont die waiting.
And happy birthday, Ric.
-------------------- 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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legal, did you miss my post the other night, where I told Ric that I don't know who's crazier, you faithful or me for arguing with you. Well, I needed a few mental health days.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Happy birthday, Ric! Now go look at the T/A thread: BANY SNIO BTMD
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by Highwaychild: LOL, yeah Up... he's fought with you the longest, hasn't he? Will's close.
Yeah but I guess I'm like the red headed step child. Stick him away in a corner somewhere to be ignored. Happy Birthday Ric!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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I just talked to Helen, a customer service rep. of Ameritrade. A very plesant and helpful person, she directed me to their web site for stock certificates orders. At no time did she put pressure on me to leave the certificates with Ameritrade. The fee is $40.00 and I should have the certificates in 4 to 6 weeks.
Posts: 259 | From: Rogers, AR | Registered: Oct 2003
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quote:Originally posted by a4realguy: Why is this thread still alive? There no longer is a CMKX.
Apparently you're unaware of the secret negotiations taking place between CMKX and high ranking government officials? If these negotiations fail and the truth behind CMKX comes out, it will cripple the global economy and cause markets to crash worldwide. The fate of our planet hangs in the balance. That's probably why the thread is still alive.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Not only that, but the new dividends we will be getting will make us all rich men by Spring.
-------------------- 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
I've order my certs just because I keep all my ticket stubs to all the concerts I've been to. This was one entertaining show, and I've paid more for many a concert ticket.
Posts: 486 | From: Tennessee | Registered: Jun 2005
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posted
I believe UC is also going to be the next President of the United States as well.
-------------------- 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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I beliveUc cant become the next Emperor of the United States because as with every great Culture in history its time has come , Bush will be the last.
Posts: 181 | From: Quebec | Registered: Aug 2005
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oh upside just how sarcastic were you trying to be in that last post of yours lol
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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