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WOw...that's a whole sack full of them!
Does SEC / DOJ have enough evidence to show that SM & MM are guilty....where is the discovery....who is SEC/DOJ's star witness to show clearly and convincingly that SM & MM are guilty???? Do they have any star witnesses?? I got to wonder where all this will lead!!!!!!!!!!!!!!!
YES, the SEC has to prove that the OS is 3B..the TA's stock transfer records are not the Source stock transfer records.
No, I don't!
according to TDA that was NITE clearing their books!
And for very trade, the SEC gets a cut...so the SEC also made money...who is left??
58 Billion NSS...ouch!! must hurt!
morningfatherr...it is elementary stat...until now the chances of survival for SPNG was 50/50 i.e it would either survive or die. but now with the announcement of the bidding process, the chances have improved slightly and so 60-40!
wrong...watch!
i am sure you are the knowledgeable type ....but here it is anyway...
odds of winning a state lottery jackpot....1 in 200 million
odds of winning the SPNG jackpot, today 60/40....chances could improve tremendously by end of next month
now is th time to buy
to those asking whether they should buy this stock...first ask yourselves if you have or do buy state/multistate lottery tickets regularly...if you do then consider a buy of $100 of this stock a sure win lottery. for $100 you should get 1,000, 000 shares of SPNG i.e if your order gets filled....and when this stock begins to trade watch it rocket to a $1.......folks you can't beat this sure win lottery ticket.....tell your friends, and friends and family and friends..........let spread the news virally and make the shorts nervous!!!!!!!!!!1
there is supposed to be an update and I'll post it when I come across it...but you are right, the amounts mentioned are huge and I don't know how they were able to collect them...my interest is not CMKX but GBDX which was mentioned in the CMKX case as the guys involved in the fraud including the TA were the same....viz. Bagley, Bruce Harlan, Jeff Turino et al....
chief don't shit...it talks about NSS
upwards of 47 trillion $ that has been collected by various governments related to ill-gotten money about to be distributed to those wronged...6.4
trillion to the U.S. alone...CMKX shareholders get a big chunk...will
GBDX be one of them!
Why did u do that.....unless of course you had tremendous gains in 2010 otherwise your max loss for 2010 would be $3000!
Rocky, does this mean they filed a form D earlier or Regulation D is automatic as they are a small company under $25M in sales? TIA
In connection with the transactions described in this Item 3.02, the Company relied upon the exemption from securities registration afforded by Rule 506 of Regulation D as promulgated by the United States Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”) and/or Section 4(2) of the Securities Act.
me sez, pleasant surprise!!!!!!!!!!!111
I agree, there are a lot of people getting away with these scams and that includes people in governmental agencies!
interesting read.....................
http://www.telegraph.co.uk/sponsored/russianow/business/8179300/Russian-diamond-mining-company-Alrosa-plans-IPO-as-pit-and-market-struggle.html
Tuesday 07 December 2010
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Russian diamond mining company Alrosa plans IPO as pit and market struggle
This online supplement is produced and published by Rossiyskaya Gazeta (Russia), which takes sole responsibility for the content.
The Mir mine outside the Siberian town of Mirny
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The Mir mine outside the Siberian town of Mirny
A control officer at Alrosa's Moscow facility examines a diamond
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A control officer at Alrosa's Moscow facility examines a diamond
Svetlana Sorokina, special for Russia Now 1:20PM GMT 03 Dec 2010
Saddled with financial and technical troubles, Russia’s Alrosa diamond monopoly will seek a transformation through partial privatisation
Alrosa may be the world’s biggest diamond miner, but production at the Russian company will grind to halt unless it can raise billions of dollars with a partial privatisation – slated to happen as early as next year.
Ageing Soviet mines, a secretive board that picks clients for diamond sales behind closed doors, and a massive social welfare programme have left the company in a financial mess, with debts of $3.7bn (£2.3bn).
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In October, lawmakers in the Republic of Sakha (Yakutia) in remote eastern Siberia, which owns about 40pc of the diamond monopoly, agreed to allow the company to become public. To raise funds, Alrosa has already changed its legal status in order to sell between 20-25pc of its shares, possibly in 2011.
Globally, diamond miners are struggling to keep pace with growing demand in emerging economies as ageing mines are depleted, but Alrosa needs investment more than most.
As well as clearing its debts, the company needs to finance another $1.8bn in investments between now and 2012, analysts say.
Opening the mine to foreign investors may be politically unpopular in Siberia, but Sergei Goryainov, an analyst at online industry resource Rough&Polished, thinks that Alrosa has no choice. “Its debt burden is already too high, and the company needs more and more loans. For example, cash is needed for exploring and further developing new diamond deposits. If Alrosa does not find the money, this could impact production, since the company’s available deposits are close to exhaustion,” he says.
And the investment price tag is about to soar further. Alrosa operates the Mir mine, a huge open-cast pit in the frozen wastes of the Sakha Republic. The pit – which is already more than a mile across – continues to grow deeper, and the sides of the hole will eventually collapse. Given this situation, the mining will have to proceed underground if the company is to get at the rest of the diamonds at the bottom of its kimberlite pipe, and that change is expected to send costs through the roof.
Alrosa is already weighed down by massive social costs, being responsible for virtually everything in Mirny, the town of 40,000 people that has grown up since mining began in the Fifties. Today, the town sits perched on the lip of the giant pit, where employees work in temperatures that can fall to around -50C in the winter.
Production here was cut drastically in 2008 when the financial crisis reached even these remote climes.
As the company struggled to support the workforce without any layoffs, debts grew over the following 18 months by $1.5bn, says Alrosa’s public relations director Andrei Polyakov.
In May 2009, the federal government came to the rescue, purchasing $1bn of diamonds and adding them to the state currency reserves, but this only brought temporary respite.
The company may now sell a stake of up to 25pc to raise $1.5bn to $2.3bn, valuing Alrosa at $7.3bn to $9bn, according to a report in the Russian business daily Vedomosti .
The Sakha Republic’s stake in Alrosa will probably remain above 25pc after a share issue, guaranteeing it a continued blocking vote in the company’s affairs, say analysts. The federal government currently holds about 51pc.
Alrosa accounts for a quarter of world diamond output and forecasts sales of $3.46bn of diamonds this year, compared with $2.21bn in 2009. It is also currently working to build a pool of loyal customers. In spring 2010, Alrosa signed a three-year agreement with India’s Rosy Blue, Diamond India Limited, and Ratilal Becharlal & Sons to supply rough diamonds. And it is considering plans to open an India-based office.
Meanwhile, the company signed long-term contracts with 15 Belgian companies this summer worth about $500m, and talks are underway with companies in China, Armenia, Belarus and Israel.
puppy, pg 59/100......issued shares to CEDE should be 1.02B but only 20 M were issued with a cert number....this is legit....ask the DTC/SEC and the Judge - Dora!
I don't think you are reading my posts correctly. I am not blaming NSS alone for the company's demise (yet)...there are a whole bunch of people to be blamed including NSS......believe what you may...even if the company dies, the NSS will be huge and massive....of course then consequential actions will kick in.
puppy & ripnrob.......regarding your viewpoints, I am sure there is validity to that and I hope all the scoundrels involved in this scam land behind bars but this does not alter the Facts....for example take a look at the OM TA reports file, 7-21.pdf, pg 59/100, tr # 77538, 2/4/09...there are 1B shares issued to CEDE but not given a cert number....even if this is considered to be a mistake by the TA....the 1B shares needs to be added to the total OS of 3B which will result in 4B shares OS...how is this possible when the AS is only 3B......me sez those 1B shares are naked!
https://docs.google.com/fileview?id=0B9_KO0qEl518ZTNjODRkZGItMzZkZi00MTU2LWI3ZWEtN2JhMGU4MjQ2OTE2&hl=en
his case has the criminal NSS written all over it!!!!!!!!!!!!!!!!!!!!111
nope! it has 3 BILLION shares issued by the insiders - with
2.275 BILLION of them illegal
written all over it ...
he truth is The SEC warned everyone about spongetech with a temporary suspension and then shareholders where given the gift of all gifts with the ability to get out around .045 for almost three months and most dreamers choose to ignore the facts and believe in any and every ridiculous conspiracy theory that could be spun and now there shares are virtually worthless and there is no else to blame but themselves.
At this point it is nothing more than sour grapes learn a lesson and don’t let people like M&M get you again...IMO
Impossible...they could not have issued themselves so many shares when the then AS was very much lower...there must have been some micky mice running after the cheese!!!!!!!!!!!!!!!!!!!!! This case has the criminal NSS written all over it!!!!!!!!!!!!!!!!!!!!111
do they all have the same case number?
I didn't know about all that..that's why I asked for the case #, besides I though GBDX was a separate case which it is not.....anyways me being wrong is irrelevant to the situation........fact remains, the company GBDX is not a defendant.
you mean the indictment document...O.K thanks...I read it...GBDX is not named a defendant!
by the by thanks for the indictment document...I was looking for this!
what's your point?
and if I remember correctly GBDX made it to Patrick Byrne's NSS list!!
as far as I can tell, this is a deposition by Turino...I guess they,SEC is trying to assess Turino's , Visskovsky's role in GBDX....do you a have a copy of the SEC's complaint...is there a case number?? I don't see the company GBDX's name being mentioned as a defendant anywhere!!!
except people like u barren all over....hey wtf...dodge knows better....
" dodge512 Member Level
Wednesday, October 27, 2010 1:03:16 PM
LMAO, Sib Almaz was a fictitious character invented by john edwards. my god all you people are so gullible"
Sib Almaz is real...they put out that PR after the SEC leaned on them to do so!
and they had the gall to file a takeover SEC filing...!!!!!!!!!1
so who keeps trading the GBDX shares and who is Sib Almaz?? How come Sib was not covered by Turino??
thick smell of Mafia...............!!!!!!!!!!!!!!!!
So now it is a single lawyer..whereas before there were 2 of them , Penseley & Halperin! The boys are doing fine at SEC/DOJ!
HOPE FOR KAO DIAMOND MINE AS NAMAKWA TAKES OVER
http://www.lesotho.gov.ls/articles/2010/HOPE_FOR_KAO.php
GEO Monitor IPO Newsflash: ZAO Alrosa
October 8th, 2010 NJ Leave a comment Go to comments
ZAO Alrosa receives initial approval for a Russian IPO to raise USD2.3 bn…
Read more: http://blogs.iirgroup.com/?p=29869#ixzz11y2t1Pec
Global Diamond REsources in Bankruptcy...may be Alrosa can absorb it!