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he denies that they will be used for any payment purpose
I'll bet that statement didn't go over too well, lol
I'll give the guy credit for trying, but I dunno, lol
Hey Jimmy...........
Carnac the Magnificent may not be too far off base huh?
LOL
Just wait until the Queen issues a PR, Whoooo-Hoooo!
LOL
Nuff, you beat me to it, lol
CMKX News 3/1/2010
CMKM Diamonds, Inc. Files Motion to Add Wells Fargo in Lawsuit
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100301007359&newsLang=en
TYLER, Texas, Mar 01, 2010 (BUSINESS WIRE) -- A "Motion for Leave to File Second Amended Complaint" was filed Friday 2-26-2010 to the CMKM Diamonds, Inc. petition in Case # A-538649 asking the Court to allow the Company to add Wells Fargo, Stacy Ewing, Securities Transfer Agents Medallion Program (STAMP), First Global Stock Transfer, LLC, and Helen Bagley as Doe and Roe Defendants. Wells Fargo was one of the depository institutions for John Edwards at the time Edwards was selling illegally obtained stock.
Our investigation has revealed that an officer of Wells Fargo assisted Edwards in obtaining medallion guaranteed signature stamps on a large number of blank documents. These documents were then used as supporting documents given to our transfer agent to have stock issued and in some cases transferred to Edwards, or companies under his control. Edwards' illegal activities occurred at a time that our own transfer agent was receiving cash payments described as loans. Banking records indicate that Edwards also maintained investment accounts at Wells Fargo during this time period.
STAMP is a program approved by the Securities Transfer Association that enables participating financial institutions to guarantee signatures. The Medallion programs ensure that the individual signing the certificate or stock power is in fact the registered owner as it appears on the stock certificate or stock power. The failure of Wells Fargo and STAMP to train and supervise those individuals that administer the medallion signature stamps made it possible for John Edwards and others to dilute the company and obtain several hundred billion illegally issued shares to be sold to the public. By comparing the average trading price on the day these illegally issued shares were transferred into the Edwards' accounts, shares so transferred and ultimately sold by Edwards totaled an estimated $57 million dollars.
Safe Harbor Statement:
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
SOURCE: CMKM Diamonds Inc.
CMKM Diamonds Inc.
Kevin West, 903-526-9937
www.cmkmdiamondsinc.com
Good point, but maybe she needs to hook the audience first? lol
Why is Janice providing news coverage of CMKX? Is she trying to get her own investigative TV show like Geraldo Rivera?
Everyone is hopping on the CMKX bandwagon in one way or another!
LOL
Someone backed up the Truck today.....
I would think it is very unlikely that anyone would load 200M shares without knowing something is cooking.
Very interesting for sure.
Wow, massive volume today!!!
Hey Mick....
Thanks for the update, will be curious to see if you get a reply. I haven't been around much lately, too much other stuff going on. Hopefully things will slow down next week.
TIA
Interesting info, thanks for posting that.
This was a curious statement, anyone know where these jobs are? lol
"Through the $36.7 billion the Department received from the Recovery Act, we are putting Americans to work"
Given what you know now, do you still have a brokerage account?
Given what I know now, I wouldn't hire Susanne Trimbath to balance my checkbook.
Proof of CMKX fails to deliver? Uuuhhhh, she will have to get back to us on that one.
LMAO
Who sold at .0003 today? D'oh! lol
Looks like someone is quietly loading up
Big Volume today, wooooo!!!
The last of my 200K shares order was filled this morning, 133K shares at .0025. They made me wait a few days but they finally gave em to me, lol
Let's hope that Mike isn't slowing down in his old age. He took over this shell 5 months ago, and what has he done with it? LOL
Let's just hope that Mr. Ferrari isn't still at the helm, LOL
I still have an open GTC order for 134,000 shares at .0025. I see the dirtbag MM's filled a few orders at .0026 this afternoon, but they don't wanna come down to me.
Buahahaha!
Scumbag NITE.....
I tried to buy 200K shares at .0025 when he was at .0023. He gave me 66K shares and jumped up to .004. Next lowest is DOMS at .003.
Sorry boys, I ain't chasin ya
LOL
I have you beat, I've been in this pig for almost 8 years, ever since the Peacock days, LOL
Good grief, who spiked the New Years Eve Kool-Aid? ROFL
Sounds like Tramp has been hitting the Jack Daniels again, lol
I wouldn't plan on hearing from StockRocket for a while, he was in full pump mode for a while there, but the SEC took the wind right out of his sails. Maybe look for a re-appearance of StockRocket if/when we go back to normal trading, LOL
I doubt if Peter Sterling reads this board but you neve rknow. At least he responded back to me ASAP, that was rather surprising. I guess we'll need to see if he can truly resolve the SEC and other issues.
A quick reply is certainly better than none at all
A stock can go up 200% but it can never go down 200%? How does that work? lol
but only time will tell
This statement means you really don't know for sure, you are just hoping, lol
Simple math, HOD was 200%, EOD was 44%, OK, so I gave you a few points, lol
Reply from Peter Sterling....
Wow, he is fast, gotta give him that.
From: Peter Sterling <sterlingpeter@yahoo.com>
Sent: Tue, December 29, 2009 12:59:35 PM
Subject: Re: Placer Gold Corp Status Request
Hello,
We are working on resolving it as we speak.
HAPPY NEW YEAR
Peter J Sterling
sterlingpeter@yahoo.com
Placer Gold Corp (PGCR)
www.placergoldcorp.com
Down 150% from HOD, wow
Sheep are scrambling for the exits!
Wow, looks like a mega dump!
Here is the note I sent....
I will let you know if I hear back.
To: sterlingpeter@yahoo.com
Sent: Tue, December 29, 2009 12:53:17 PM
Subject: Placer Gold Corp Status Request
Hello Peter,
I am an investor in one of your companies, Placer Gold Corp. (PGCR).
On December 17th, 2009, the U.S. Securities and Exchange Commission issued a trading suspension on Placer Gold Corp.
http://www.sec.gov/litigation/suspensions/2009/34-61185.pdf
In addition, the business registration status of Placer Gold Corp. is currently in Default with the State of Nevada
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=r0uP5BygVUsgmec%252f8ec8gw%253d%253d&nt7=0
Please let me know if you have any plans to resolve both of these issues.
Thank You!
Have you tried to contact Sterling? I can send him a note to try to find out what is going on, just let me know.
That's what puzzles me the most, is that over 2 years this company only had a float of 120M shares, with no history of reverse splits. That is almost unheard of in the world of penny stocks.
Who knows the rationale behind some people's thinking, but Sterling certainly did not make a killing on this stock.
Maybe Sterling has more money than he knows what to do with, and he just decided to buy a few shells and play around with them, I don't know, lol
Weird.....
I agree, it doesn't make sense, but although some people are very adept at acquiring companies and setting up the initial structure, they are just incompetent when it comes to keeping the company running.
They were up to date on all their SEC filings which is the most surprising thing to me, but the problem that flagged the SEC was they issued estimated profit, revenues, or values with no documentation to back it up. That was a big mistake.
Sterling failed CEO 101, lol
I wouldn't write off PGCR just yet....
These Shells are tough to come by, and as crazy as it sounds, they are valuable. If someone wanted to buy a shell company, they are looking at a minimum investment of $200,000 +/-.
I would expect to see some sort of a name change, symbol change, or possibly a reverse merger into another private company. I'd be surprised if Sterling let this go without a serious fight, even though he may be totally incompetent himself.
With only 120M shares in the float, I'll bet there are a line of buyers knocking on his door as we speak, lol