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If Naked short selling is not illegal then why is the SEC advertising lists of stocks that have been NSS which must be covered or else ??? Why has the SEC even introduced this ?
Even if a stock is worthless, do you not agree that its value is gained by the Millions of dollars that people invest ?
So in the end a stock that was worthless is now very valuable just in terms of $$$$$$.
Now you take that $$$$$ and have this now valuable stock offered to investors over and over and over then what you have is a worthless stock.
I'd love for one of you to try selling your house multiple times to various individuals by placing an advertisement in the local paper for $10,000
I'm betting you would make Millions of dollars ? How far do you think you would get with that money ? Try it!
There is no dispute that illegal naked shorting happens as has been proven over and over. SEC levies a big fine on a trader named Scott Arenstein and his brother, Brian, for selling massive levels of phantom stock in several companies including Overstock.
But how much have they made in other stocks which they have not tracked ? So even Carol Remond admits that phantom stock exists.
Illegally trading shares in Overstock is well documented but why has there been no investigation into the CMKX shares that the DTCC had to wash their hands completely ???
The banks are constantly paying people to monitor individuals with improper transactions in their accounts(fradulent or illegal activity).
Don't believe me call any of your banks and ask them who is monitoring money transfers, there is at least one individual per each Bank that tracks all of our transactions.
Yet something as big as the DTCC having Billions of $$$ daily doesn't do so!
We all know the DTCC doesn't do so because if it did, they would have caught the Billions of CMKX shares that went on to their TAPE. That should have fired off some major action with the SEC. It should have halted CMKX sales instantly ensuring something funny wasn't going on.
Now we know only after thousands of us were put through this entire mess did people begin to admit that illegal activity has taken place. Its taken years too!!!
It should have taken 24 hours! Don't you agree ???
Good news for those of you who had Yahoooooooooo shares back in 2008 there may be some money coming your way ;)
soon too
Ya the DTCC clearing their vault of CMKM shares/Certs is very interesting but why, to get rid of any evidence and wash their hands of this puppy. so generous of them ?
Since the DTCC got rid of anything CMKX related, it would be interesting to see all of their records related to CMKX.
I'm sure the instant someone tries to do that the tape will simply be misplaced in error. Their dog ate it lol
Does anyone know who has the authority to request a quick peek at all of the DTCC's transactions on tape ? FBI perhaps
Based on this the only thing that comes to mind is there is more going on then we have been led to believe and its got everything to do with the DTCC. What is CMKX and the DTCC doing being closed doors ????????/
Here is what bothers me...
Why did it take so long for the company to determine that we lost almost all of our claims ? (should have not taken longer then 24h)
Why are they not going after the Transfer agent or other bodies that have allowed for these shares to be sold to us ?
Why is there no mention of the other shares we should have received such as CIM, Entourage ?
I'm trying to be optimistic but these types of things do not take very long to investigate, especially our Cert Count !
Are they waiting for enough time to pass by so we can't do anything on our own.
I swear if I don't hear something major soon, I just may look into doing something on my own such as organizing a large group of people to sue! I'm not sh*tnn
What is CMKX really up to ??????????????
*A VERY Powerful Post !! MUST READ!!*
« Thread Started *Today* at 12:29pm »
------------------------------
a powerful post worth reading
[image: 8-)]
*By: vb_al
01 Feb 2009, 04:54 AM EST
Rating: Rate this post:
Msg. 804506 of 804615 *
Jump to msg. #
A response to Kevin West Letter of January 30, 2009
Kevin, how about lending us your UNBIASED ear? Or should I say, how about
giving us an HONEST break and tell the truth – for once.
You have the guts to speak of a "common cause" the entire time, keeping a
secreted agenda away from the shareholders, lying to us on repeated
occasions, failing to honor your word and engaging in what can at a minimum
be considered gross negligence but more likely, world class fraud. Why would
I say so?
Where the hell are the lawsuits against the brokers, bankers and market
makers for their radical fraud against us? You pretend not to have any money
to pursue the claims, but there is $5M sitting there with Helen Bagley's
bond that you have not even lifted a finger towards going after. There is
multiple millions of dollars available Wells Fargo Bank for giving Gold
Medallion Guarantees to John Edwards on blank certs, already admitted to by
WFB employees, which you have knowledge of, but have not lifted a finger to
get.
In spite of these available sources of funds which could fund lawsuits
against the deep pockets, you and Bill Frizzell have not lifted a single
finger to get them, but instead, you are going after low return lawsuits and
wasting our time and precious resources, while the deep pockets are all
merging into one another, going BK and ultimately, getting away. Did Patrick
Byrne sue the worthless targets with Overstock or did he go after the gold?
Quit pretending that you are an innocent #### that could not figure out what
to do – the continued bullshjt is becoming an ever-angering insult to our
intelligence.
For that matter, you have yet to confirm the shareholders even own shares of
the Texas Corporation. Note the document you posted on the website this
weekend, after years of displaying nothing. The last paragraph said it must
be certified by the state of Texas. Where is the certification? Until we see
it, we have no idea if we are even a part of CMKX Texas. If we own none of
the new company, that further lends open opportunity for fraud upon the
shareholders by the few insiders in control.
Further, why have your repeated actions shown to us that a settlement was
ALREADY reached by taking the strength out of the term naked short (implying
fraud and RICO and punitive damages) and calling it "fails to deliver"
(which implies mere book keeping errors and merely recovering one's
investment). No lawyer on earth would let you weaken your case against naked
short sellers by reducing the strongest language that would help force a
settlement and/or best serve a lawsuit with a jury - UNLESS a settlement has
been reached. In a case of fraud, a lawyer would not call the fraud a
"simple misunderstanding" now would he? Patrick Byrne has not settled and
what does he still call the fraud perpetrated against his company? You got
it – naked shorting.
It is clear that you have signed some sort of settlement agreement in which
you promised not to sue the bankers and brokers and MM's and you would ease
off the language exposing them as crooks. That is why you have done NOTHING
to go after them when the opportunity has presented itself on multiple
occasions.
I also take issue with the fact you have the audacity to blame Urban for
everything, when you and the Tyler team have failed to take any visible
action for years that have brought us any monetary relief for our aggrieved
position. You have sued nobody of consequence for years, wasting our time
and likely blowing the statute of limitations so we can never sue the real
deep pockets in the future.
Your actions further show to us that a settlement was ALREADY reached by the
fact you have not brought CMKX to commence trading again, even though you
now have $33M on the books and could force a short squeeze of Biblical
proportions. A short squeeze of trillions of shares would hold the bankers
accountable twice if they already settled. If you already settled, that
completely explains why you have not gone back to trading to force a short
cover – by the terms of a settlement agreement, you can't!
That point leads into the next issue, unbelievably, you are deliberately
letting the 45 million Entourage Shares go back to Entourage instead of
doing the logical thing of seeking to distribute it to the shareholders
(unable to distribute due to the NSS), filing an interpleader and exposing
the NSS and forcing a settlement (indicating again, that you already settled
in secret).
You have acted like some sort of overlord by taking it on yourself to
appoint a new CEO and a BOD without our say and against our will (not one of
them would be there if we had anything to say about it – some may have
criminal records). If there are people on the board or who hold positions as
officers that have criminal records, WE DEMAND FULL DISCLOSURE and IMMEDIATE
TERMINATION. This is not a criminal cadre or a mafia front, we want people
with a proven history of talent, experience and honor – nothing less.
Your actions further show to us that a settlement was ALREADY reached as you
are letting the bankers get away and not taking the lead of Patrick Byrne by
suing them and utilizing Bagley's and WFB's Bonds as financial backing
(again, further indicating that you have settled and can no longer sue
them). A lawyer has 2 defendants equally responsible for a claim, a street
bum and Donald Trump. You have let Trump go and sued the bums. It makes zero
sense, UNLESS it is a scam.
You have STILL failed to adequately address the role of Robert Maheu –
perhaps the most significant intelligence operative in US history (other
than Bill once tossing out the bullshjt story that "Maheu was just another
guy feeding from the trough." If that was true, why you have never sued him
or his estate.
Also, a greatly respected attorney in Roger Glenn is being categorized as
some sort of wrongdoer in this case. Hard to believe, but if that were
truth, then why have you not sued Mr Glenn and his law firm? In fact, Mr.
Glenn is a partner in that firm so ALL of the partners would be open to
being liable. Those defendants all by themselves would be huge.
Conveniently, and greatly opposite to the bullshjt story you have
promulgated to the shareholders, you have done nothing to pursue this deep
pocket either.
Your actions further show to us that a settlement was ALREADY reached as you
have failed to address the Jeffries Letter which indicated a 112 B share
NSS, just for Jeffries and for just a 6 month period (again, indicating
further that you have settled and not divulged the truth to the SH).
You are sitting there like a moron and letting the SEC place the entire
blame on penniless NevWest for all of this fraud and the "trillions" of NSS
(BF quote), when it was other brokers and MM's who did it and most
importantly, the DTCC who was to blame (you are letting the deep pockets get
off of the hook by letting them call them unregistered shares instead of NSS
and pinning this criminality down to a penniless defendant in NevWest so we
will end up getting nothing).
Your actions further show to us that a settlement was ALREADY reached as
unbelievably, you have failed to complete the cert pull – just before CMKX
exposed the NSS, with trillions of uncounted shares still in your possession
- which was the SINGLE MOST IMPORTANT THING WE NEEDED TO COMPLETE - citing a
lack of funds as why you stopped. Did you ask for help counting the certs?
Why spend money on other lawsuits when this was the essential piece of the
puzzle for us to recover immense amounts of money? Again Kevin, quit
insulting our intelligence – it is really starting to anger us.
You have never explained what is happening with CIM, Lundin, Shore, GEMM,
Newmont, or a host of other stocks used by the original team to force a
settlement, again, indicating that these stocks are irrelevant as a
settlement has already been reached.
I could go on with the bullshjt inconsistencies and obvious deceit that you
have displayed, as your actions do not indicate a man who is merely
incompetent, it indicates a man full of deceit. With the additional
assistance of attorney Bill Frizzell guiding you, you should have already
had more than adequate guidance to a poisition that would force a settlement
or get us back to trading and do an interpleader so that a judge would order
a forced buy-in and causing a short squeeze never seen before in history.
You have done nothing but waste our time.
Incidentally, why have you now asked certain shareholders to sign "hold
harmless" agreements regarding Deli's shares as conditions of authorizing
share transfers, when you initially endorsed these shares as "there nothing
is wrong with them?"
Why do you talk to shareholders on the phone and first ask them if the phone
call is being recorded… what truths do you fear being exposed Kevin?
Why is it that up to the day you took over as CEO, you were one of the
people spouting the 5-8 cent per share dividend. Being that you were one of
the people doing research for the company – an insider - you claimed that
your knowledge was good. Now, conveniently, you claim that the entire thing
was a fraud? Kevin, we are not as stupid as you hopes might foolishly lead
you. Just get the hell out and quit the lies – they are really starting to
infuriate this SH base.
Your actions further show to us that a settlement was ALREADY reached as you
have been quoted stating to several people – while you were CEO - that
"there is no slippery slope and they (the NSS'ers) can not get away" on the
naked shorting issue and that "we will win." Gee Kevin, what happened to
those positions now? Now, instead of being so assuring, you are saying we
got scammed and that there is nothing there. "Bullshjt" is what I say to you
and "the team."
As for your plea to Urban, please just give us a break. Good, bad or
indifferent, the actions of Urban Casavant were essential to exposing this
naked short. Maheu and Glenn came in and played the role of hammer, and
somehow and with obviously powerful backing, you and the Tyler gang have
tried to change history and pretend it never happened. Well, it happened
Kevin and Urban Casavant is NOT the scoundrel here, those who are now
deceiving us are. Urban set things in motion and without a doubt, CMKM
Diamonds had a massive naked short. You are pretending that this greatest
asset, this most powerful tool for justice, simply does not exist. Have you
have made a back-door deal with the DTCC and SEC to protect the bankers -
AGAIN? This is just like the SEC protecting Wall Street 1000 times before
and screwing shareholders over in favor of criminals. You expect us to have
trust after all of this time and all of the proven lies of this company and
the SEC? You are all transparent, fooling nobody and will most certainly be
held accountable for your treachery.
Another thing, quit bullshjtting us that we are the cause of our lack of
success when you have done nothing but waste our time and resources. Quit
pretending that the shareholders are our own worst enemy. Deceit is our
enemy and YOU in Tyler are the ones deceiving us. You and the bankers and
the government and the mob have been our enemy. You have lied multiple
times, acted with gross incompetence and more likely, treachery and treason
to our cause.
You claim that we have been scammed. The only scamming is being done by you
and the current team. Rest assured, I personally and others will follow you
and the rest of the current team for the rest of your lives. We will
continue to monitor your financial status and you will NEVER get to spend
any money made in secret without ALWAYS having to worry about us. It is
guaranteed, that no matter what you do, the worst day in your life will be
remembered as the day you lied to these shareholders.
What was the payoff for this treachery Kevin? Do you really think you are
going to get to enjoy it? Do your pals at the DTCC and SEC think that we
will forget? I hope you are all planning a nice retirement in Antarctica
because there is no place in the civilized world that you will not find us
watching.
We are just beginning to awaken as a whole Kevin. Thousands of really ticked
off people, consistently increasing in numbers, who are not going to take
these lies anymore. Not a good thing for any of you. Know that your lies are
running thin and we are seriously losing our patience.
I too remember watching the volume and its was not showing the true count on 2nd level.
As previously reported by Stockwatch, the phenomenal CMKM trading triggered a 32-bit signed integer glitch that evidently went undetected by all quote services except Stockwatch.
In simple terms, because of the undetected glitch, quote services such as Bloomberg, which the SEC relied upon for trading data in its earlier administrative proceeding against CMKM, could not accurately report volumes that exceeded 2,147,483,647 shares.
https://secure.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=Z-U:CMKX-1478782&symbol=CMKX&news_region=U
No you have it wrong if I'm wrong about the computer glitch I will eat my computer mouse.
Do you DD get your facts straight
No it was revoked not because of the SEC announcing that they were selling illegal shares but because there was some form that wasn't filed that indicated that there were thousands of shareholders. The SEC didn't even know that !
What are you talking about ? I found the information on the SEC's website and it was posted in various news articles.
The system could handle so many digits ...
Toooooo many Billions going through and it stopped at some rediculous number 2Billion something and on some days we were going as high as 13Billion shares
It will never trade under the same symbol yes, but as we now know there is a share distribution that is going to take place.
Although I doubt these shares are going to be worth anything with the crazy number of shareholders.
So the reality is that the only way we can try to recover our money is through the legal system but the current laws so rediculous we can blow till our faces turn blue.
People need to know how corrupted the stock market is, how there are no laws to protect the money you put in and how easy it is to do this.
I think more people should follow these individuals and make Millions while being charged thousands. Maybe it will get the attention that is deserved ???????????
Yes we can only hope yours is that high. lol
Not sure what you're implying but let me tell you that had the SEC done their job they should have noticed that there are too many shares being offered by the Brokers yet they claim they had a computer glitch. what a bunch of huwee
Thats like saying nobody forced you to buy a stolen car from a dealer. But the car hasn't been reported stolen yet because the owner is on vacation in Cuba.
Why do you call people stupid when someone has done something to CMKX that was out of the control of the shareholders?
At least we know there is going to be some type of share distribution shortly. This is very important news because it means we're moving forward and a resolution has taken place.
yet he managed to get these shares into the stock market ?
Here is the problem...
How can anyone simply become their own Broker ?
Doesn't the SEC regulate this and this is a conflict of interest. The agency that gave him the authority should be held liable for their failure.
http://sec.gov/litigation/complaints/2009/comp20855.pdf
Here is the problem I see, now think about this!
" They can't distribute a diluted number of shares "
It sounds like Richard said it was a cash distribution originally now he is lying. Either way there has to be a cash distribution. Some type of compensation for receiving fewer shares then we should be receiving.
Sorry guys but Christophers story is british his writings are all done in "proper english". Christopher story is among the elite in financial/political world whose resume is unmatched! His reports predicted the bursting of the housing market and fraudulent market practices that would bring down the banking industry months - and in some cases, years - before they hit. Those reports were spot on at the time and give a great deal of credibility to his future reports. Also, he was a champion of releasing the wanta payments for the past 6 years - unheard of as many cmkxers were not knowledgeable of the wanta payments at that time.
It just sounds so unreal but so does the corruption in the stock market.
As for yesterday didn't mean to get so upset but when people say its ok to rob shareholders and provide Certs that shouldn't have been distributed ... just like printing FAKE MONEY you can see why I took it personally.
Take a look at this URL:
http://www.worldreports.org/news/187_25_or_99_years_jail_for_arrested_frbny_official
Read it again and as for the URL you provided it sounds like the guy is scared because he said too much.
Someone told him to keep his mouth shut!
How dare u call Frizzy names ? Who are you to know what he has done for us ?
Just the length of this investigation is a joke!
It took the SEC years to figure out something went wrong with the Billions of shares that were traded Daily!
Its amazing don't you think? Oh but wait they are understaffed lol No wait they are pretending to look busy by keeping investigations like CMKX open for years and years till we all die out.
PATHETIC!!!!!!!!!!!!
Excellent which value indeed. Do you think a Journalist will even be able to print a story like the one about CMKX ?
Think back to Dateline the who thing was scrapped because it would show the corruption with the stocks you want people to invest in.
FIX the SYSTEM!!! Admit to the screw up !!!
If we didn't pull our Certs I'm sure we would have never learned what has transpired. It would not surprise me that there are hundreds of companies but because their shareholder base is too small they never investigated it thus fur.
We demand compensation for shares we don't OWN!!!!!!!!
Tell you boss we're not going to go away because we want the world to know how corrupted the stock market is.
Pissing off 50,000 shareholders is the dumbest thing that anyone can do. Now who is the idiot ??????????
Thank you !
Exactly why ? Why the misleading information from doznes of brokers telling us to just forget CMKX and how they can help us out by deleting them from our accounts ?
Why indeed ?
Why making it impossible for us to request certs in small portions and charging multiple times ?
Why stop accepting Certs back into our accounts ?
Why Why Why ?
What's there to stop another SCAM artist to do the same thing with the incompetence that all these organizations have demonstrated.
Forget that its CMKX or RICH my azz company the fact is that there is no safety in trading at all.
Why do you keep bringing up the name CMKX??? It could have been any company I said that name is not relevant!!!
Don't be so single minded like some brainwashed people on here that seem to have one agenda on their mind? READ the words!
The stock market performed a SCAM irrelevant of the company name.
Do you feel safe knowing what has transpired and no one is taking responsibility ?
The SEC is a civil agency with no criminal authority.
It desperately needs criminal authority. Many Wall Streeters and their lawyers belong in prison. The Justice Department has to move criminally, usually after the SEC has moved civilly. Putting the SEC under the FBI could facilitate the process.
Sec has been playing with their writeups about naked shorting of the stocks for years now, yet you will not find one action against any broker or financial participants in all these years that SEC has taken against illegal issuing of naked shorted shares,
but they prefer to publicly call it failed to deliver shares.
The SEC protects simply the corruption of Wall street participants and covers up their own acts in front of the public they should be protecting in the first place.
This has to stop!
Think about it!
Why are you pretending to be someone who you are not on here ?
Why are you here ?
The point I'm making is not if CMKX was legitimate or not as this is not in the equation. Lets take CMKX out completely, the corruption that took place should have been stopped.
The System has failed! From the Tranfer agent, to the MM's to the SEC to the Brokers, to the Banks.......
It doesn't take someone with a half a brain even if you had 1 brain cell and yes you're suppose to have 100Billion in your brain in case you didn't know that.
What is your agenda on here ??? To promote FRAUD ?
Among these idiots as you call them are a lot of well respected individuals who probably includes yourself unless you have a different agenda on here.
Its not the fault of these SO called Idiots that the system has failed them!!!!!!!!!
I can only hope that next time you go to your bank, that your bank account is owned by a dozen other individuals who do as they wish with your money............
Thats what took place.... What goes around comes around!
Obviously but its generating a lot of anger among those shareholders that seem to be under the belief its authentic.
On the other hand long term we are going to be going after the organizations using the cours and the legal system that provided us Certificates of CMKX shares that 10 other people own.
This was sold to us illegally!!!
I don't want FAKE MONEY Either!!!
Obviously but its generating a lot of anger among those shareholders that seem to be under the belief its authentic.
On the other hand long term we are going to be going after the organizations using the cours and the legal system that provided us Certificates of CMKX shares that 10 other people own.
This was sold to us illegally!!!
I don't want FAKE MONEY Either!!!
PLease remove the BUSH/FRAZELL Post. We are going after the compensation money, not ex-President Bush. Only a few days to go ...stay focussed on constructive information and please relax...
What do you make of this ?
You can understand why this could make an unpaid shareholder upset... after hearing info about a .02 per share payment to a shareholder of record
How can these people sleep at night
Don't bring up Knight I can't believe Knight transferred so many Billions of the CMKX shares and the SEC didn't think it was fishy. ;) Counter my azzzzzzzzzzzzzz
Get ready for a stock run UPPPPPPPP !!! All stocks are about to go to DA MOON ;)
I have to agree with the statement below that something doesn't add up with the Cert count:
"All of this effort and the company ran out of money to complete the counting of the certificates that were sitting on the floor right below the computer? Are they kidding us? The cert pull was the single most important piece of evidence the company could produce, but it did not even complete it (even though they knew the NSS years before because they have the DTCC info long before the cert pull was completed)."
CMKX is no longer just a company but an idea that the stock market in trouble this is HUGE!
Why would thousands of shareholders make way all the way to the President of the United states unless we all thought someone needs to step up and clean house...
Its a dirty Old Bird indeed lol
Actually I was thinking the NSS is much bigger but why would F**** hide this information from us ?