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I suspect that Urbie's strategy is that he's too small a fish for the SEC to be bothered going after up here. Canada Revenue Agency was the biggest concern , since they have the resources to have made his life miserable. I'm willing to bet that the one bill that was paid, were the US and Canadian taxes on the proceeds of the CMKX promotion and all past tax in default.
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Jim
Once Urbie has finished settling with Canada Revenue Agency for the back taxes he'll be home free. The local gossip is that Urbie has been working at that for a while now. Once that's taken care of he'll be basically home free. I suspect that it will be confirmed in the near future that the internet touts were hired as part of damage control to stall the shareholders long enough for Urbie and crew to slither away. Canadian shareholders actually have the best chance of going after him since he made his biggest blunder here in Canada.
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dustybutler1
Seems that you never learn anything from your past experiences. Did you ever stop to think why the negative posters make the most money from the penny stock promotions ? You don't suppose it's because they never believe the story ?
I don't need to pump my stock investments since I know when to sell. It's bagholders who are either too greedy or too stupid to heed the warning signs when a promotion is almost over , and then have to become shameless pumps.
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dustybutler1
You really are clueless at times Dusty. If you could actually comprehend my posts you would clearly see that I believe SMMW will have a rise in price during the insider dumping of shares. I'll make a lot of money from SMMW just like I did from CMKX simply because I understand the promotional game. You would be much better off yourself if you learned the game ,instead of chasing after the mythical short created by the pumper brigade.
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janice
SMMW actually seems to have a business model , just too many shares out to go forward with. So I suspect that they will do a promotion and distribution by insiders and then correct the share structure later this year. Interesting how the T/A numbers have shown a continued drop in the restricted for the last few months with the O/S remaining relatively stable. Seems that the ducks are being placed in order for a major distribution. The company may actually be viable in the future , but will need the O/S reduced dramatically. Looks to me that Dan needs a promotion to allow the old insiders a chance to leave with a profit before the repair work is begun.
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janice
You know if you study the mechanics of promotion , CMKX was history making. The rise in share price wasn't that impressive, but the sheer volume of the distribution over time was incredible. I have a feeling that they will take SMMW three or four times higher then CMKX , and will move out 50 billion shares . It's been interesting how they've killed several potential runs. They need retail investors to hold through the distribution by insiders, and I don't think the mastermind behind this deal is convinced that level has been reached yet.
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hasher5
I suspect that you will be able to add SMMW to that list in the near future. It's got all the ingredients to become a cult classic , even the latest flavor of the day. They could run the price now , but I suspect they are concerned that they can't hold a price level which would allow insiders to sell the recent free trading shares. It's interesting to observe how the promoters are adapting to the 60 billion plus O/S stocks.
" Summus Works, Inc. (OTC.PK: SMMW) announced that in addition to engaging JACK Donnelly (President, Executive Registrar & Transfer, Inc.) to initiate his anti-abusive short selling program on behalf of Summus Works, Inc., Executive Registrar & Transfer, Inc. has also been engaged as the Company's Stock Transfer Agent. "
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dustybutler1
Dusty I'll stick around. Don't worry , I don't care if you lose your money like you did in CMKX.
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dustybutler1
I own more of this stock then you had in CMKX . So don't you worry about what my holdings are. Like I said before I don't have to tout the stocks I own. It's always been my belief that a pumper is just a failed trader.
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dustybutler1
Well I always play the promotion , and have owned SMMW since dropping some of my CMKX profits into it over two years ago. Don't have to like the stock to profit from it.
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dustybutler1
Actually I'll tell you why I'm here . It's because Surfit's involved with this stock and I dislike Surfit's methods. You remember Surfit and the damage he did to the PCBM and CMKX shareholders.
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dustybutler1
Well dusty , will you sell during the SMMW run this time ? I hope you learned something from the CMKX experience.
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illuminati2012
Seems you like to dish it out, but you can't handle any resistance to your posts. You certainly showed your class on the QBID forum in the past.
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illuminati2012
Really , personal attacks. Why don't you show me some. Seems like that's your specialty .
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illuminati2012
Your problem is that you can't stand anyone who makes money in the market without the need of pumping.
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ogclip
Not much use in posting when all that is posted is rumor and gossip. I find that I don't have to hype my stock plays to make money. I make my living trading because I know how the game is played.
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ogclip
This is a public forum , he has as much right as you do to post his views here.
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Jim
Does PAIM still list the missing Kolt Curry ( American Heritage ) as their transfer agent ? Two more visits to the office and we still haven't been able to corner him.
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janice
Have you checked out the winner who took over Mach's forum ? Seems like a perfect candidate to lose all his funds in the first year.
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janice
Seems that there's a new game in town now. This seems to be the new method of choice to ignite a promotion. I'm curious to see how it works with companies with billions of shares outstanding.
" Summus Works, Inc. (OTC.PK: SMMW) announced that in addition to engaging Jack Donnelly (President, Executive Registrar & Transfer, Inc.) to initiate his anti-abusive short selling program on behalf of Summus Works, Inc., Executive Registrar & Transfer, Inc. has also been engaged as the Company's Stock Transfer Agent. "
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janice
I have a feeling that the person in link below is the fine well balanced upstanding citizen.
http://72.14.203.104/search?q=cache:JJ0Af2cgKmwJ:www.thesanitycheck.com/Forums/tabid/64/forumid/24/t...
http://72.14.203.104/search?q=cache:7sVW5JUva94J:forums.christiantraders.com/viewthread.php%3Ftid%3D...
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nufced
My problem with Frizzy and the CMKX longs stems from their continual battle cry about naked shorts. If there's a short, it's an inside job. If it exists , I find it hard to understand why Frizzy can't prove it yet. The way the touts have continued to hang around makes believe that someone is trying to prevent the longs from finding the trail of deceit.
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nufced
I first met Urban through Dale Hoffman while I was still in school. He always came across as a used car salesman , fast talk, but little market or exploration knowledge. Petro Plus was a fine example of his lack of knowledge and market smarts. He basically got swindled on the mine deal after the first promotion of Petro Plus. I suspect that he got swindled when he first went to Las Vegas during the CMKI period, and then had to sell his soul for the rescue promotion. What I don't understand is why Frizzy hasn't gone deeper then just the first level.
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nufced
Since you've talked to Urban in person , do you believe that he could have been the brains behind the CMKX promotion ?
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nufced
My problem with Frizzy is that he seems to still believe in Urban after all this time. Did you ever meet Urban Casavant in person ?
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nufced
Never did fax a copy . The truth is that I don't trust Frizzy , actually consider him to be clueless when it comes to the going ons with CMKX. I'd actually donate money to an shareholders lawsuit but not to that group.
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Good-Til-Cancelled
" Another one of your assumptions - wrong...
I don't read your posts....sorry don't mean
to bash your extended ego... "
Doesn't bother me, continue to stick your head in the sand. You're the one who assumed that I didn't have any shares.
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nufced
Yes I did , and received the full amount from each CDN brokerage. I even received certs for the left over shares that I had been flipping at the end at 5 decimal points . There are some brokerages in Canada that did have the ability to allow trading at 5 decimals.
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Good-Til-Cancelled
If you read my past posts you would see that I retained 5 % of my CMKX shares. The same way that I keep 5 % of any stock that I play.
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nufced
Well here's a question for you. Have you been compensated by anyone involved with the CMKX promotion ? You sure post a lot for just being a small time shareholder.
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nufced
I wonder were Urban's niece worked before doing IR for one of the off shoot companies. Urban didn't have anything at the time or Canada Revenue Agency would have swallowed it whole. Koch seems to have been the money man and held all the valuables. While you're at it call the Sask Ministry of Enviroment and see what claims are left.
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nufced
Read my post again. I said that Koch is suppose to own part of the auction business.
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nufced
I've heard that from Walker and others in the area. I realize that you believe that you're some kind of research guru but if you were you would have sold during the promotion. Ask your sources about the stock that was sold to employees of a bus line at much higher prices.
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nufced
That's what we were told. Who do you suppose owned the drill rig ? I've been told by locals that Koch has his hand in a lot of the local businesses. Why do you suppose that Koch controlled the claims ?
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Melvin was sent to work for Urban by Koch to keep an eye on him. Koch was in so deep due to Urban's previous exploits that he wasn't taking any chances this time. This information came from Walker who knew all the players. Who do you suppose owns a major position in the auction business ?
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nofortunateson2
" OT, but this shows the corruption in our markets that may have a bearing (shorts) on SMMW. PAIV is moving big time (SHORT SQUEEZE) because of this...jmho! "
The only short with PAIM are the common shareholders who sold their shares after the debenture date and who's brokerages hadn't removed 90 % of their shares. Some common shareholders dumped their shares after June 15/2006 leaving themselves basically short.
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The DTCC's clarification and comment about supposed shorting of stocks. Do third parties misrepresent the data ?
DTCC Clarification on Fails to Deliver
June 28, 2006 02:47 PM US Eastern Timezone
DTCC Clarification on Fails to Deliver
NEW YORK--(BUSINESS WIRE)--June 28, 2006--The Depository Trust & Clearing Corporation (DTCC) today issued a clarification of a statistic it reports each year in its annual report. The clarification is intended to provide a more accurate description of a statistic on failed transactions - including "Fails To Deliver" (FTD) - that certain third parties have persistently misinterpreted or misrepresented, seeking to buttress their contention that the levels of FTDs is evidence of abusive short selling and "naked short selling." These parties cite DTCC's reported statistic as the amount of FTDs each day. Their characterizations are grossly inaccurate and paint a distorted picture of the reality of the marketplace.
" DTCC Clarification on Fails to Deliver
June 28, 2006 02:47 PM US Eastern Timezone
DTCC Clarification on Fails to Deliver
NEW YORK--(BUSINESS WIRE)--June 28, 2006--The Depository Trust & Clearing Corporation (DTCC) today issued a clarification of a statistic it reports each year in its annual report. The clarification is intended to provide a more accurate description of a statistic on failed transactions - including "Fails To Deliver" (FTD) - that certain third parties have persistently misinterpreted or misrepresented, seeking to buttress their contention that the levels of FTDs is evidence of abusive short selling and "naked short selling." These parties cite DTCC's reported statistic as the amount of FTDs each day. Their characterizations are grossly inaccurate and paint a distorted picture of the reality of the marketplace.
National Securities Clearing Corporation (NSCC), a subsidiary of DTCC, acts as a central counterparty to virtually all broker-to-broker trades in the U.S. As such, the numbers NSCC reports relating to "failed transactions" reflect both buy and sell sides of a trade. These numbers include both fails to deliver and their offsetting fails to receive, so that the number thus doubles the amount involved (i.e., the same transaction is counted twice, once on the "deliver" side and once on the "receive" side).
In DTCC's most recent annual report indicated that as of December 31, 2005, NSCC had fails outstanding worth approximately $6 billion. This value is persistently described by third parties as the value of FTDs as of that date. Since it is actually the value of all fails - i.e., both fails to deliver and fails to receive - effectively, the $6 billion cited by third parties actually represents $3 billion in fails to deliver, or about 1.1% of the $266.5 billion in trades processed on the average day by NSCC in 2005. Moreover, the $3 billion figure also represents all fails to deliver at NSCC, including fails in fixed income trades (corporate and municipal bonds). While the number of fails and percentage of fails in fixed income trades changes each trading day, on December 31, 2005, fixed income trade fails were equal to approximately 15% of all fails. Importantly, DTCC notes that this FTD total reported is not just for equities on the "threshold list" of companies, but rather reflects fails on all equities and corporate and municipal bonds.
For over one year, DTCC's Web site has reported that the $6 billion as "fails to deliver and receive" thus enabling people interested in the topic to understand that the figure reflects both halves of a transaction. (See http://www.dtcc.com/Publications/dtcc/mar05/naked_short_selling.html.) Nonetheless, third parties persist in applying the number to fails to deliver only. The DTCC Web site has also made clear that the figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as aged fails.
While DTCC does not know the reasons for a fail to deliver (this is only known by the broker-dealer and the marketplace), as the SEC has pointed out, "There are many reasons why NSCC members do not or cannot deliver securities to NSCC on the settlement date. Many times the member will experience a problem that is either unanticipated or is out of its control, such as (1) delays in customer delivery of shares to the broker-dealer; (2) an inability to borrow shares in time for settlement; (3) delays in obtaining transfer of title; (4) an inability to obtain transfer of title; and (5) deliberate failure to produce stock at settlement which may result in a broker-dealer not receiving shares it had purchased to fulfill its deliver obligations."
With information on the actual FTD situation readily available, DTCC believes the failure to use the proper number in any meaningful discussions of naked short selling reflects a conscious attempt to mislead the investing public and undermine the confidence in the workings of our capital markets.
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060628005....
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janice
Have a look at who took over Mach's old board here on Ihub. Came across that poster when I was looking into ILCO here in Toronto. Seems that he's got more than a passing interest with Drake also.
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Well the T/A numbers say a lot.
" Posted by: RJ Trotts
In reply to: maryundys who wrote msg# 147222 Date:7/10/2006 1:45:46 PM
Post #of 147282
Mary talking about SMMW...
here are the NEW t/a numbers for you...
Numbers as of:7/10/2006
Tradable: 49,121,232,874
Restricted: 20,533,767,126
Total OS: 69,655,000,000
RESULTS:
Tradable INCREASED by: 15,323,427,977
Restricted DECREASED by: 16,850,000,920
Total OS DECREASED by: 1,526,572,943
All Dan has done is reduce his restricted by 16 billion and transfer 15 billion of it to the tradable portion, you know those shares that have to move for you the shareholder to make money...... "
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stockhound101
" Also with higher risk comes higher rewards some of the time. CMKX paid off 1000% to some that played it right. "
That's certainly true , and a lot of the negative posters who know the game sold at the $.001 level. But the likes of Sterling , Willy , Accadope , and Jayadolt were telling people to buy CMKX stock for the stock play of a life time. So most of the longs were buying and holding while the stock was rising in price due to the touts. At the same time the insiders including the Casavants were dumping stock at record breaking volumes. Can you blame the negative posters for waiting around to see if the touts and insiders are prosecuted for their actions ? I'd love to see the lot of them investigated and their trading records entered into the court system and become public record. You can't tell me that someone shouldn't be held responsible for the demise of the company and the shareholder holdings.
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