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I hate to say it but this is true.
Like I keep saying these agencies are unable to cope with the current stock market.
"they found an error and reported it to the company."
It Took them how long to figure this out ?
"did what they could only do a 10 day suspension."
Suspended the company for 10 days only it was because they figured out that there were thousands of shareholders ?
"even have the right to make public statements until they have absolute proof and when a company isn't even filing, that proof is even harder to come by."
They should have enough proof that brokers were steeling in a matter of days not years !
Excellent point Jimmym4 !
CMKX is like a test subject to see how they can fix the market... I'll give you that...
Seems like we have the same owner for both NevWest Corp. and Brisam Corp. Brokers. interesting...
Thats what I've been saying the FINRA who was given authority by the SEC is incapable of deeling with crimes of this nature.
There will always be bad BROKERS and most likely they are out there right now up to no good. It should not take them this long to notice that a substantially higher than normal number of trades are taking place at a particular broker.
Its sort of like the Police will notice that a certain small town has an increadible number of deaths and they will at this point secretly look for a serrial killer in that location. When it comes to technology such irregularities should have been tracked daily after all the trades are to be covered within 3days.
Did it take 3 days for FINRA to realize what is going on ?
I didn't think so !!!!!!!!!!
Considering it is the Brokers that are our front soldiers during the war against fraud in the stock market.
Organizations do monitor if their employees go to illegal websites using a proxy and even block access to certain ones right away.
So it seems if we have Brokers up to no good right now, we really don't know who they are.
The reality is that it could be happening at this very moment in time and tomorrow and a year later yet the security in place will not catch these guys till your money is stolen from under you. Doesn't that concern you.
So here we have it:
The SEC approved the merger of the NYSE and NASD to form FINRA which is to oversee all the Brokers and trading. The FINRA is actually contracted out by the NASDAQ and International Sec Exchange market and all that NevWest had to do was register themselves with MSRB in 2001 and received a SEC registration number from the SEC for a couple hundred dollars.
It seems like the SEC is at the tope of the food-chain!
They had the power to approve the merger of the NYSE and NASD, which in turn contracted out FINRA to make things more efficient and safe.
All NevWest had to do was spend a couple dollars hire 10 guys who wrote a some Securities exams and register themselves with MSRB which was all comes back to the SEC who issued them a registration number in the first place.
Surely the SEC can not possibly know that an entire Broker has gone bad right ???
But wait FINRA was suppose to monitor all that by making things very efficient in the stock market.
Next question is what roles do all the other parties play in this stock fraud !!!!!!!!!!!!!!!
Maybe we should start thinking about becoming a Broker seems like no one is watching. No one is taking responsibility.
Hey its like steeling money from a baby.
Lets see maybe we can call it CMKX Brokage I think I have a few hundred dollars laying around, next hire a couple guys rent a place for one month and presto we have our Secure Stock market with FINRA ensuring we behave right maybe LOL
"NevWest has been a member of NASD since October 19, 1999. Since September 4, 2001, NevWest has been registered with the MSRB. NevWest is headquartered in Las Vegas, Nevada and employs approximately 10 registered representatives."
Lets break this down...
1. " NevWest has been a member of NASD "
In the United States, the Financial Industry Regulatory Authority (FINRA) is a self-regulatory organization (SRO) under the Securities Exchange Act of 1934, successor to the National Association of Securities Dealers, Inc. (NASD).
FINRA is responsible for regulatory oversight of all securities firms that do business with the public; professional training, testing and licensing of registered persons; arbitration and mediation; market regulation by contract for The NASDAQ Stock Market, Inc., the American Stock Exchange LLC, and the International Securities Exchange, LLC; and industry utilities, such as Trade Reporting Facilities and other over-the-counter operations.
FINRA was formed by a consolidation of the enforcement arm of the New York Stock Exchange, NYSE Regulation, Inc., and the NASD. The merger was approved by the United States Securities and Exchange Commission (SEC) on July 26, 2007[citation needed].
The opinion of NASD is that the regulatory consolidation will "increase efficient, effective, and consistent regulation of securities firms, provide cost savings to securities firms of all sizes, and strengthen investor protection and market integrity." According to NASD, additional benefits are to "streamline the broker-dealer regulatory system, combine technologies, and permit the establishment of a single set of rules and a single set of examiners with complementary areas of expertise within a single SRO."[1]
With respect to the regulatory agency merger, SEC Chairman Chris Cox said, "The consolidation of NASD's and NYSE's member firm regulatory functions is an important step toward making our self-regulatory system not only more efficient, but more effective in protecting investors. The Commission will work closely with FINRA to eliminate unnecessarily duplicative regulation, including consolidating and strengthening what until have now been two different member rulebooks and two different enforcement systems."[2]
2. "September 4, 2001, NevWest has been registered with the MSRB."
http://www.msrb.org/msrb1/PQweb/pq.asp
Before a dealer may engage in municipal securities transactions, MSRB Rule A-12 requires the dealer to send a letter to the MSRB containing the following information: name, address, and the SEC registration number of the dealer on whose behalf the letter is sent. The dealer should also include their phone number and fax number in the event that the MSRB needs to contact the dealer. The SEC registration number is required information; registration will not take place without submission of an SEC registration number.
In accordance with MSRB Rules A-12 and A-14, the dealer must also send a first payment of $400; this payment includes the initial fee of $100, and the annual fee of $300. The annual fee is due for each MSRB fiscal year (October 1 – September 30) in which the dealer is registered with the MSRB. The annual fee is not prorated.
The letter and check should be mailed to the MSRB’s drop box address:
Municipal Securities Rulemaking Board
P.O. Box 79864
Baltimore, MD 21279-0864
If the dealer fails to send the required information or initial payment, the MSRB will contact the dealer, and instruct the dealer to provide the necessary items for registration.
Dealers from whom the required information has been received will receive a package in approximately 7 business days containing the following:
A registration acknowledgement letter containing the dealer’s MSRB number;
Instructions for filling out Form G-40 and Form RTRS;
A billing contact form with a return address envelope; and
An MSRB Rule Book
For questions about registration and billing, transaction reporting, G-40, or to inquire about the arrival of the package, please call (703) 797-6600 and ask to be directed to the appropriate department.
Professional Qualifications
Professional Qualifications Handbook- This handbook provides a guide to requirements for the various categories of qualification described in MSRB rules, and provides questions and answers on each category. It also includes sections on procedures for examinations and continuing education, waivers, disqualification and the lapse of qualification, and the text of MSRB qualification rules.
Study Outline--Municipal Fund Securities Limited Principal Qualification Examination (Series 51)
NOTICE: A revision of the Series 51 Examination will be implemented on November 1, 2008. For details of the revision and the revised content outline, see MSRB Notice 2008-35 at http://www.msrb.org/msrb1/archive/2008/2008-35.asp.
Study Outline--Municipal Securities Representative Qualification Examination. (Series 52)
• Test Reference Guide for the Municipal Securities Representative Examination (Series 52)
Study Outline--Municipal Securities Principal Qualification Examination. (Series 53)
Securities Industry/Regulatory Council on Continuing Education (This link to the Council's website provides information about the Continuing Education Program, including the Firm Element and the Regulatory Element.)
To Conclude:
A mutual fund dealer agreement between the principal underwriter of a mutual fund and a selling broker-dealer sets forth the terms and conditions under which the broker-dealer may participate in the sale and distribution of shares of the fund. This Member Alert reminds members that fund sales must be consistent with the federal securities laws, disclosure provided to customers (including the fund prospectus), and any applicable dealer agreement. Dealer agreements should adequately delineate the respective responsibilities of the parties in a manner reasonably designed to help ensure that the mutual fund sales and distribution process protects investors. Members also should be mindful that a failure to adhere to obligations under the terms of a dealer agreement might be inconsistent with just and equitable principles of trade, and therefore a violation of NASD Conduct Rule 2110, particularly if the failure results in financial harm to investors.*
Mutual fund dealer agreements help ensure the integrity of mutual fund sales and distribution. For example, it is typical for a dealer agreement to include a provision under which a member agrees to sell shares only in accordance with the current prospectus of each fund covered by the agreement. Some agreements also state that the member will sell shares in accordance with the federal securities laws. Others may augment this provision with references to the member's obligation to comply with specific provisions of the prospectus, such as those regarding late trading and market timing activities.
Recent enforcement actions by the SEC and the NASD highlight the importance of members' compliance with the federal securities laws in the sales of mutual funds. For example, recent actions involving the failure of some broker-dealers to properly apply breakpoint discounts provided in the funds' prospectuses and those involving late trading and market timing of mutual funds highlight the importance of member adherence to the terms of the prospectus, the federal securities laws, and undertakings in dealer agreements. While these cases involved failures to comply with the federal securities laws, in certain instances the SEC also alleged that brokers had engaged in these activities despite specific prohibitions in applicable dealer agreements.
NASD Rule 2110, adopted in 1939, provides that "[a] member, in the conduct of his business, shall observe high standards of commercial honor and just and equitable principles of trade." Rule 2110 is very broad in scope and its application is not restricted to conduct that violates other laws or regulations. NASD cautions members that it may violate Rule 2110 for any member to fail to comply with a provision of a dealer agreement, particularly if the failure results in financial harm to investors (e.g., a failure to comply with the agreement's required procedures with respect to late trading and market timing). NASD urges mutual fund underwriters and dealers to review their mutual fund dealer agreements to determine whether they adequately delineate the respective responsibilities of the parties in a manner reasonably designed to help ensure that the mutual fund sales and distribution process protects investors. Members also should implement appropriate procedures reasonably designed to ensure that they comply with their obligations under those agreements.
* In addition, a member is, of course, obligated to sell mutual fund shares in conformity with the federal securities laws and NASD rules, including Section 22(d) of the Investment Company Act of 1940 (Investment Company Act), Rule 22c-1 under the Investment Company Act, Section 5 of the Securities Act of 1933 and Section 15(c) of the Securities Exchange Act of 1934. Moreover, even absent an undertaking in a dealer agreement, a member has responsibilities under the federal securities laws and Rule 2110 with regard to late trading and market timing of mutual fund shares. See Notice to Members 03-50 (2003).
If CMKX doesn't start PLAMing it won't matter if we get $100million in retribution it will all be stolen again...
Yes they are but most brokers work under another larger organization and I intend to find out which one.
Please share if you find the answer... LOL
Fear is in the AIR !!! LOL
NevWest has been a member of NASD since October 19, 1999. Since September 4, 2001, NevWest has been registered with the MSRB. NevWest is headquartered in Las Vegas, Nevada and employs approximately 10 registered representatives. During all times relevant to the Complaint, NevWest primarily engaged in the liquidation of low-priced securities, sold
largely in the over-the-counter market (OTC) including the Pink Sheets. NevWest also acts as a
market maker in low-priced securities and participates in private placement offerings.
http://www.sec.gov/about/offices/ocie/aml2007/nasd-nevwest.pdf
as for these guys they are affraid ...
they said they could not comment !!!
Information concerning brokerage firms such as "NevWest" and individual brokers is available to the public through FINRA’s BrokerCheck program at www.finrabrokercheck.org and toll-free at (800) 289-9999
Courtesy of "carmelbeach" on RB board: Re: NevWest, SEC SEC After NevWest Rep DARYL ANDERSON http://www.sec.gov/litigation/admin/... U.S. SECURITIES AND EXCHANGE COMMISSION Securities Exchange Act of 1934 Release No. 58449 / September 2, 2008 Admin. Proc. File No. 3-13156 PROCEEDINGS INSTITUTED AGAINST DARYL ANDERSON On September 2, 2008, the United States Securities and Exchange Commission (Commission) issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Notice of Hearing (Order) against Daryl Anderson (Anderson) of Las Vegas, Nevada, based on the entry of a permanent injunction against Anderson in the civil action entitled SEC v. CMKM Diamonds, Inc., et al., Civil Action No. 02:08-cv-00437-LRH-RJJ in the U.S. District Court for the District of Nevada. In the Order, the Division of Enforcement alleges that on August 8, 2008, the U.S. District Court for the District of Nevada entered a Judgment of Permanent Injunction by consent against Anderson, permanently enjoining him from violating Sections 5(a) and 5(c) of the Securities Act of 1933. The Division of Enforcement further alleges in the Order that the Commission’s complaint in the civil action alleges that, among other things, from March 2003 until May 2005, Anderson improperly sold more than 259 billion shares of unregistered securities of CMKM Diamonds, Inc. in 569 separate transactions, which generated more than $53.3 million in proceeds and yielded approximately $2.3 million in commissions for Anderson. A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide Anderson an opportunity to dispute the allegations, and to determine what, if any, remedial action is appropriate and in the public interest, pursuant to the Securities Exchange Act of 1934. The Order requires the Administrative Law Judge to issue an initial decision no later than 120 days from the date of service of the Order, pursuant to Rule 360(a)(2) of the Commission’s Rules of Practice. ------------------------------------... http://www.sec.gov/litigation/admin/... UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION September 2, 2008 ADMINISTRATIVE PROCEEDING File No. 3-13156 In the Matter of Daryl Anderson, Respondent. ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS PURSUANT TO SECTION 15(b) OF THE SECURITIES EXCHANGE ACT OF 1934 AND NOTICE OF HEARING I. The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Daryl Anderson (“Respondent” or “Anderson”). II. After an investigation, the Division of Enforcement alleges that: A. RESPONDENT 1. From March 2003 through May 2005, Anderson was a registered representative associated with NevWest Securities Corporation, a broker-dealer registered with the Commission during that period. Anderson, 40 years old, is a resident of Las Vegas, Nevada. B. ENTRY OF THE INJUNCTION 2. On August 8, 2008, a judgment of permanent injunction was entered by consent against Anderson, permanently enjoining him from future violations of Sections 5(a) and 5(c) of the Securities Act of 1933 (“Securities Act”), in the civil action entitled Securities and Exchange Commission v. CMKM Diamonds, Inc., et al., Civil Action Number 02:08-cv-00437-LRH-RJJ, in the United States District Court for the District of Nevada. 3. The Commission’s complaint alleged that, among other things, from March 2003 until May 2005, Anderson improperly sold more than 259 billion shares of unregistered securities of CMKM Diamonds, Inc. in 569 separate transactions. The complaint also alleged that this unregistered distribution generated more than $53.3 million in proceeds, and yielded approximately $2.3 million in commissions for Anderson. III. In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate in the public interest that public administrative proceedings be instituted to determine: A. Whether the allegations set forth in Section II are true and, in connection therewith, to afford Anderson an opportunity to establish any defenses to such allegations; and B. What, if any, remedial action is appropriate in the public interest against Anderson pursuant to Section 15(b) of the Exchange Act. IV. IT IS ORDERED that a public hearing for the purpose of taking evidence on the questions set forth in Section III hereof shall be convened at a time and place to be fixed, and before an Administrative Law Judge to be designated by further order as provided by Rule 110 of the Commission's Rules of Practice, 17 C.F.R. § 201.110. IT IS FURTHER ORDERED that Anderson shall file an Answer to the allegations contained in this Order within twenty (20) days after service of this Order, as provided by Rule 220 of the Commission's Rules of Practice, 17 C.F.R. § 201.220. If Anderson fails to file the directed answer, or fails to appear at a hearing after being duly notified, Anderson may be deemed in default and the proceedings may be determined against him upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 221(f) and 310 of the Commission's Rules of Practice, 17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f) and 201.310. This Order shall be served forthwith upon Anderson personally or by certified mail. IT IS FURTHER ORDERED that the Administrative Law Judge shall issue an initial decision no later than 120 days from the date of service of this Order, pursuant to Rule 360(a)(2) of the Commission’s Rules of Practice. In the absence of an appropriate waiver, no officer or employee of the Commission engaged in the performance of investigative or prosecuting functions in this or any factually related proceeding will be permitted to participate or advise in the decision of this matter, except as witness or counsel in proceedings held pursuant to notice. Since this proceeding is not “rule making” within the meaning of Section 551 of the Administrative Procedure Act, it is not deemed subject to the provisions of Section 553 delaying the effective date of any final Commission action. For the Commission, by its Secretary, pursuant to delegated authority. Florence E. Harmon Acting Secretary
I will find out from the source and provide the facts.
It doesn't matter "The broker is out of business"
My understanding is that you'd be protected by SIPC.
http://www.sec.gov/investor/brokers.htm
Information concerning brokerage firms such as "NevWest" and individual brokers is available to the public through FINRA’s BrokerCheck program at www.finrabrokercheck.org and toll-free at (800) 289-9999
http://www.tradingmarkets.com/.site/news/Stock%20News/1857600/
Seems like the comission is not that small "yielded approximately $2.3 million in commissions for Anderson."
Considering the fact that this is a broker is very positive for us, as it means $$$$$$$$$$$$$$$$$ are on the way.
We won't each be a Millionaire but compensation is Definite. This explains the reason we are getting a new CEO.
The broker will be liable for the entire 50Million+
So for all the nay sayers this is the first positive public PR which demonstrates CMKX will have value.
Although the Millions that were sold should include all costs, and losses incurred in the process of what has been done to the thousands of shareholders.
The SEC is taking this PINKY very serriously ! NICE
Didn't you know they're best buds.
We all have our sources.
Have you guys seen this...
'Phantom Shares'
BY JOHN W. WELBORN
The Haverford Group
In 1985, the National Association of Securities Dealers (nasd) commissioned Irving M. Pollack, a securities law expert and former Securities and Exchange commissioner, to conduct a comprehensive review of short selling in nasdaq securities. The nasd sought to determine what, if any, additional short selling regulation was needed for the nasdaq market. The result was the now-famous “Pollack Study,” which described the short selling landscape of the day and made important recommendations regarding the disclosure, reporting, and settlement of short sales.
Pollack concluded that short selling was a vital source of liquidity and a valuable mechanism for efficient price discovery. He added, however, that without proper institutions to guarantee prompt clearance and settlement of short sales, short selling was open to abuse. Of the settlement regime, he cautioned that it “effectively insulates the clearing corporation and brokers from fails to deliver and receive by contra-parties; but it permits fails to deliver and receive to develop without an automatic check.” He issued a sober warning:
The fail-to-deliver/fail-to-receive problem has the potential for causing serious difficulties in a lengthy bear market. While the evidence does not suggest that delivery problems exist in many securities, the fact that there is no automatic mechanism preventing the substantial buildup of short positions at the clearing corporation and of fails to receive in brokerage firms carries the potential for serious problems, particularly in the event of crisis market conditions.
http://www.investigatethesec.com/drupal-5.5/node/282
It doesn't matter ey LOL LOL LOL
I think we have a conflict of interest here !!!
Bill thinks the world of our TA and how they are god sent.
The SEC is suing the TA.
Do you see the big picture.
Maybe whats happening here is the TA is working with Bill and they have discovered something to prove the NSS and now the SEC is starting to worry...
No wonder USA is no longer using Gold Coins... just like Certificates it can actually hold people accountable for their actions... PHANTOM SHARES....
http://www.pinnacledigest.com/blog/edminnema/phantom-shares-video
But you're all missing the point.
The purpose of the CERT PULL was to identify a discrepancy in the NOBO list that was provided. Hence any names that are missing on that list and yet have a Certificate issued to them means that NSS was present.
The Court and SEC will need to intervene in this situation but these are the claims I'm referring to:
Entourage: In other news and further to the Company's news release of October 20, 2005, the Company is involved in ongoing negotiations with CMKM Diamonds, Inc. to acquire CMKM Diamond, Inc,'s 25 per cent earn-in interest in Saskatchewan mineral claims S-137714-S137717. Presently, the claims are held on a 50-50 basis by United Carina Resources (TSX.V:UCA) and Consolidated Pine Channel (TSX.V:KPG). CMKM Diamonds Inc. is earning an interest in these claims and, when the earn-in obligations are complete, the property will be equally owned as to 25 per cent each, that is: United Carina 25 per cent, Consolidated Pine Channel 25 per cent, CMKM Diamonds 25 per cent and U.S. Canadian Minerals 25 per cent.
The claims include the Carolyn kimberlite pipe and United Carina reported in an October 18, 2005 news release that in a five-hole drill program on this pipe in 2004, samples from one of the holes tested for diamond content. Only two micro-diamonds were recovered, but further testing will probably be conducted on other samples from the drill holes.
January 03, 2006 - Entourage Mining Ltd. (the "Company) (OTCBB: ETGMF) reports that it has completed the due diligence on the Smeaton/Forte a la Corne/ Green Lake properties and the Hatchet Lake properties as described in the Company's October 20, 2005 news release. The Company has informed the CMKM Taskforce and 101047025 Saskatchewan Ltd. that Entourage will instruct its transfer agent to issue the "Purchase Shares" (45 million shares to the CMKM Shareholders and 3,888,888 to 101047025 Saskatchewan Ltd.) in conjunction with the acquisition of these property options.
June 30, 2006. Entourage Mining Ltd. (the "Company" or "Entourage") (OTCBB:ETGMF) reports that Star Uranium Corp., operator of the Hatchet Lake Project, has informed the Company that the 2006 winter diamond drilling program was curtailed due to unseasonably warm spring weather conditions. The planned program was less than half completed. Four holes were drilled to depths of 78 to 102.7 meters to test two separate geophysical conductors and one hole was abandoned at a depth of 31.1 meters on another conductor. The property is located near the eastern edge of the Athabasca basin where the targets are at shallow depths.
A total of 376.7 meters were drilled, with weak radioactivity intersected in one hole, when the program was curtailed due to weather conditions. Two hole fences (C-01, and C-02, C-03 and C-04) were drilled on two weak conductors southwest of Turkey Lake on the Hatchet Lake project. These holes intersected Athabasca sandstone underlain by faulted basement rocks. Secondary hematite alteration accompanies the faulting and fracturing in all the holes and in hole C-04 there is weak radioactivity associated with the secondary hematite.
The slightly elevated values obtained for uranium, lead and yttrium are considered to be favorable indicators of a mineralizing system similar to that at the major deposits in the region.
In addition, 17 drill core chips were analyzed by shortwave infared reflectance spectroscopy to determine the dominant clay mineralogy. The clay alteration assemblages in the basement rocks were found to be consistent with alteration phases recognized at uranium deposits/mines in the area.
The Hatchet Lake Project area has been upgraded and the remainder of the drill targets will be tested as soon as conditions permit. Because of the weather delays, the property payment schedule regarding payments from Entourage to Star Uranium, have been pushed back 12 months.
Mr. R. Daniel Studer, P. Geo and a "qualified person" as that term is defined in National Instrument 43-101 has reviewed the contents of this Hatchet Lake update. All samples were analyzed at the Saskatchewan Research Council (SRC) geo-analytical laboratories.
In other news, the Company has issued 1,550,000 incentive stock options at USD $0.30 exercisable until February 9, 2009, to contractors and directors of the Company.
Actually considering the fact that we are still holding the entourage shares it implies that this is far from over.
Secondly we are working on getting the claims back since unfortunatly we have a right to challange that.
Don't make false statements conidering we all know very well that Entourage has found very valuable Uranium on those as you call worthless claims.
We don't own any property and thats a fact, but we did have ownership of the claims to that property. Which is not bad !
Acca is a pumper for sure but even he has some valid points about the corrupted stock market we are in.
I wasn't goint to come here during the weekend but you gave me no choice LOL Cool it with the sarcasm as neither of you have all the facts.
You all know very well that we don't have all the transactions that actually took place since CMKX traded on Day 1, none of you have any idea what really happened unless you have smoked something that is making you believe otherwise.
Why has no one cooperated with the company in producing all the records unless they are hiding the truth ?
If everything is black and white, why not give Bill all the datum, the answer is simple someone is hiding something huge.
What ever it is don't give us some bull story like you did in the past that its a matter of "National Security"
The stock market has no "National Security" lets face it if someone as dumb as UC can pass this National security just imagine what someone with an real Education could do or even worse a Terrorist :)
So it should certainly concern the FBI how easily CMKX insiders have managed to steel millions of dollars.
No need to rob a bank !!! How cool is that LOL
$100,000 goes missing during a bank roberry and half the police force is on their toes, yet Millions of $$$ are missing and its amazing how the police doesn't care...
Its pathetic to think your money is safe the next time you invest money in the stock market because its not.
Its been stolen right from under thousands of peoples noses and "Its perfectly OK" Its OK to STEEL money thats right its OK as long as its not the Banks money.
So next time you want to have your money STOLEN just invest in the stock market and maybe the SEC or someone will catch it one day, maybe not... or maybe they will enforce some policy or maybe they won't because they don't have to...or maybe they will simply blame it on the easter bunny because someone else has to take the blame...
Its like the weather man today it will be sunny with a bit of rain so don't forget to bring your umbrella and a shovell in case it snows.
Lets face it the Stock markets state is as safe as the person that predicts the weather.
People need to be infomed about this don't you agree ?
No one takes responsibility for anything its all just a JOKE that Millions of dollars went missing. I hope all the CMKX Shareholders are laughing. Ha ha ha
The insiders of the Stockmarket are just as guitly as the ones internal to CMKX. Nothing is just black and white !!!
I'm still convinced that we do have a huge NSS on our hands with CMKX, I have never seen such huge trading in years like when CMKX was public.
If you average 7Billion shares/day(being generous) it would take only 20 weeks to sell off all our shares which is five month.
Considering how long this went on for... just using averages any sane person would know that we have at least twice the number of CMKX shares still hidden.
The only question is where and who ?
The How is simply good use of technology.
Have a good weekend and relax
Don't spend all your time down here LOL
Janice you have converted me !!! You have made a lot of valid points and this is why ...
I am now convinced that ...
The Bad Guys are right in front of US !!!
I say this because of Kevins change in demeanor towards the shareholders and obvious lack of news or action by him and Frizzell.
What has Kevin accomplished to date since taking the reigns? A mere civil suit that amounts to a slap on the wrist for the very people who have committed egregious crimes against the company and it's shareholders?
Where are the criminal charges? Does anyone find it odd that Kevin supposedly couldn't find Edwards or Urban to have them served for over 1.5 years yet the SEC mails the charges directly to their homes of record and they both reply within 3 days?
I'm beginning to suspect that the SEC, Kevin, Frizzell, Edwards, Urban, NevWest, and the other brokerages are all working together to simply make this all go away quietly.....
No more talk of the Naked Short, no criminal charges, all of those accused in the civil suits agreeing to the allegations and waiving any and all rights to defend themselves, no mention of ANY major brokerage firm trying to purchase a counterfeit bulk cert........
Now take the Accas, Wodans, Spudeys, Delis, etc.... and all of their failed predictions combined and see how long of a period it stretches over. Ever notice how we keep being dragged out a couple weeks here, a couple weeks there, hold up after hold up?? All in all we have been strung along for the better part of 3 years since revocation. Convenient how Wodan takes the next leg of the excuses to drag this out for another 6-18 months???
We all already know that none of these people who claim to know people on the inside or have connections to information have ever been proven right, soooooooooo perhaps it's time to ask ourselves why they keep reappearing with renewed rumors and delays, each taking their turn for the hand-off whenever their predecessor's rumor passes without coming to fruition.
Could it be that rumor after rumor is designed to pacify us long enough for Kevin to cut his sweetheart deals to let the bad guys off minimally and conceal the SECs negligence in performing the duties they a charged with for a rather paltry return - hence Kevin's ridiculous request for damages in his suit against Edwards?
Now here are some interesting developments...
O'quinn's case:
15 TRILLION DOLLAR CLASSACTION FOR NAKED SHORTING
I wonder if we are apart of this or if since we got paid for our certs if we don't have to be apart of this:
BANK ACTIVITIES REFORM COMMISSION GEARS UP FOR $5 TRILLION US GOVERNMENT SUIT
BARC whose main purpose is to put ethics in on the American financial system, which it claims includes the worst offenders of them all, the 3,000 or so lawyers who run the United States Securities and Exchange Commission, has prepared preliminary court papers ready to file with the United States Court of Federal Claims.
Washington D.C. - Free and Clear Press Corps - Litigator John O'Quinn is one among hundreds of legal professionals and professors of law at schools around the United States about to be approached by a growing number of volunteers working directly and indirectly for and with the Bank Activities Reform Commission, (BARC) a group being led by financier Gabor Sandor Acs, who has challenged George Soros publicly with a $7 billion bet that George Bush will be toppled in the 2004 election. Acs is guaranteeing it.
BARC whose main purpose is to put ethics in on the American financial system, which it claims includes the worst offenders of them all, the 3,000 or so lawyers who run the United States Securities and Exchange Commission, has prepared preliminary court papers ready to file with the United States Court of Federal Claims.
The bonanza: the entire trading system in the U.S. which BARC claims has cost business and the government over $5 trillion in lost capital, $7 trillion in lost tax revenues, (enough to pay off the national debt) and a drop in the purchasing power of the US dollar in foreign markets during the past three years in excess of $20 trillion.
John M. O'Quinn, the 62-year-old senior partner of O'Quinn, Laminack & Pirtle, the law firm that has won $1.5 billion in fees from the makers of silicon breast implants and cigarettes is, according to some sources being courted by BARC volunteers to have his clients and approximately 95 million stockholders join in what is definitely the largest single claim against the United States government in known history.
The previous known record setting case was a $500 million claim against the government from the people of the Marshall Islands for damages and reparations for nuclear bomb testing which occured during the late 50's near the Atolls that caused cancer and other diseases to the natives there. The court case lasted two decades but the government eventually lost.
BARC recently announced that it is joining another multi million dollar class action led by a homeless person in Oregon against the Federal Reserve Bank system for failiing to redeem a dollar bill in gold, which is still lawful money of the United States of America.
In preliminary documents being circulated to law professors, top law firms, and various public interest groups, the preparations are being made for claims which include that the Securities and Exchange Commission has used various excuses over the past several decades, the biggest one being bugdetary constraint and a lack of staff another, to neglect to enforce the securities laws as passsed by Congress, and instead use them as a political tool of the financial elite to crush and destroy business people who were seeking to raise capital.
The claim? $5 trillion in punitary damages, and $15 trillion treble damages under RICO.
O'Quinn currently has a hand in 15 lawsuits alleging that various brokerages (including Ameritrade and E-Trade) and market makers like Knight have destroyed his clients by helping to sell the companies' shares short in a scheme to run their stock prices into the ground.
The damage is daunting: O'Quinn says 1,000 companies have lost at least $100 billion in market capitalization. "If you short a stock for the sole purpose of killing the value," he says, "that's a threat to the view that we have an honest market."
Rather than focus on the brokerages, which are already using their financial clout to buy off the government with multi billion dollar settlements for false analysis, market timing, and other corrupt practices, BARC is going for the jugular vein of the regulators.
"The SEC staff has known for six years, even before Harvey Pitt was ousted from office by various groups led by the CEO council, that the mutual fund industry was engaged in siphoning off on average $5 billion a year from stockholders pockets.
Various mechanisms, including decimilization have been implemented by the industry to secure the ongoing penny pinching, and current efforts at bringing the unethical trading practices could have been brought under control by any number of US Government agencies, including the FBI, the Secret Service, the Federal Trade Commission, and the newly minted Department of Homeland Security.
On one side of the coin is a big fuss is over naked shorting, a practice that's been around for decades and that is sometimes legal, although questionably ethical.
Normal short-selling involves borrowing real certificates for stock, selling the stock, buying new shares at a later date, and using the new certificates to replace the ones borrowed. Naked short-selling differs in that no real certificates change hands. Instead, the short-seller creates a paper entry showing that it owes shares to the stock buyer and will get around to delivering them later.
This type of operation has been ongoing since the evolution of book entry book keeping, a practice pioneered by the banking industry to transfer funds from the Federal Reserve to member banks to provide liquidity on an overnight basis. Wall Street has taken the electronic platforms to new levels of sophistication.
Naked short-selling is legal if done by a market maker in a temporary arrangement; it's normal for a marketmaker to be net short for a day or two and then close out the position by buying real shares later. Naked shorting can be illegal if done with the conscious intention of leaving the short position as a paper entry indefinitely. And there's the rub.
Naked shorting opens the doors to billions of dollars in unethically and ill gotten gains. The unwary investors who were not advised in prospectuses in any public offering during the past decade that such a possibility existed as a real and imminent danger to capital and risk factors when determining whether or not to invest, was in fact defrauded.
The SEC does not pass on the merits of any public offering, but it can stop a public offering from occuring if there is false, misleading or omitted information in the prospectus. They did this with great zeal and effort when an unheard of company called TOKS filed a preliminary registration statement going as far as bringing a civil action against the individual behind it.
Even in more recent IPO documents of the past twelve months, the naked short selling factor is ommitted as a significant risk factor when new issuers and their agents, underwriters and law firms offer their shares to the public. The SEC failed to ensure that the public was made broadly aware of the potential risks involved in buying stocks, bonds and other securities, even government backed securities, which have exemptions from the Securities Laws.
The public has a right to know whether it should purchase a private or public security with full disclosure of all the facts behind the issues. Too numerous sophisticated investors who qualify as being exempt from any registration requirements when surveyed by BARC volunteers were found to be completely unaware of the mechanisms behind naked short selling. Even a pension fund manager was unaware of the practice according to him.
On the flip side of the coin is the ability of powerful money managers who handle the accounts of not only the nations $7 trillion in pension funds, but the $3 trillion in money market funds sitting in cash at banks around the country, and the $20 trillion in total market capitalization of all publicly traded bonds, notes, securities and equities in the US markets.
The Federal Trade Commission, as well as other agencies of the US Government have failed or neglected to enforce various laws related not only to RICO, AntiTrust, Anti-Monopoly and other Acts passed by Congress, they have accepted payoffs in the form of settlements which neither admit nor deny guilt when the corruption is brought to the attention of the public at large.
These same market makers that can and have manipulated the prices of any stock into pennies in a matter of months, not years, can artificially prop up prices of companies like Microsoft which trades at over 500% of its true book or liquidation value or General Electric which runs a constant stream of propaganda supported by Wall Street promoting itself and its' self underwritten cartels of money managers through its CNBC talking heads unit.
99% of all stock available for trading is held in book-entry form, and thus takes the form of electronic blips on the books of a stock-clearing company. Depository Trust &Clearing Corp.'s subsidiary is one of the leaders in the clearing business. In the normal course of business DTCC tolerates so-called failed-to-deliver entries of shares offered for sale by, say, brokers. This means the seller doesn't have the certificates on hand but promises to be good for them eventually.
On the other side of the coin, giant mutual funds, pension fund managers and their advisors, have cabaled themselves into the position of being able to move the entire stock market using various index systems to give a false and misleading impression to the rest of the investment community about true values.
They use such statements as earnings multiples, and projected earnings to sell their wares to the 95 million Americans who have been trying to get out from under $40 trillion in debt for the past generation and have been thwarted at every turn by new twists in hyper marketing dynamics using the powerful medium of the internet, television, radio and newspapers to keep themselves "in the money".
It only takes three market makers with a few billion leveraged dollars to move any stock from its real value to an inflated value and profit on every trade on the way up.
In some cases a few stocks of the DOW are trading at over 1000% over their true fair economic value. None of the DOW components are going to double their net worth in the next five years, so why would anyone pay more than twice their current book value? The only reason anyone would pay that much is to secure their positions and to avoid looking bad to the public.
O'Quinn and his top lawyer on these cases, James W. Christian, senior partner with Houston-based Christian, Smith & Jewell, claim that over the last three years billions of uncovered naked shares were sold; that market makers (and/or their clients) took profits after waiting for share prices to fall before buying in--if at all; and that brokerages allowed fictitious shares to be traded two, three and four times over, in possible violation of Securities & Exchange Commission rules.
"It's the perfect murder," says O'Quinn, who is quick to smell collusion. "We've got a situation where the cop can't arrest the suspect because it causes too many problems for the police department."
BARC is going after the police department and is asking 95 million American investors to join in the fray. It goes beyond the naked shorting issues. When stock prices are pumped up by money managers, and Wall Street players, their borrowing value goes up as well.
Some banks and hedge fund managers are leveraged greater than 50% on their portfolios by virtue of the fact that they deal from offshore, and are beyond the long arm of the law.
Any stock trading 500% above its real value gives the traders leveraging power to borrow on top of that real value to keep the bubble from bursting.
In some instances, offshore hedge funds are leveraged over 100% dollar for dollar on their portfolios. "This is no longer just a matter of economics", says one high ranking government whistleblower, "it is a matter of national security that poses the single largest threat to global stability. The masses are not happy with their financial standing against the legal but unethical practices of the cartels that run Wall Street."
In some cases the police seem to be getting involved. Last February the SEC levied a $1 million civil penalty against Rhino Advisors, a small New York City investment house, and its president, Thomas Badian, for using offshore accounts to short the stock of Sedona Corp., a King of Prussia, Pa. software maker and an O'Quinn client.
Last month Louisiana's attorney general issued a subpoena on behalf of that state's Sedona shareholders against UBS PaineWebber. (He's seeking information on failed stock deliveries, among other things.)
In a separate civil suit Sedona wants a hefty $2 billion in damages against 17 defendants, including Credit Suisse FirstBoston's Pershing clearing unit and Westminster Securities, alleging their naked shorting knocked Sedona's share price so low that several big vendors shied away from doing business with it. New York's Attorney General, Eliot Spitzer, is interested in the case.
A similar situation happened to a now pink sheet traded company called Telynx, Inc. which had a sub contract with Egypt Telecom and General Dynamics through Hewlett Packard.
New contracts with Malaysia Telecom and other international telecoms were cancelled because the clients saw the stock price plummet after a group of offshore hedge funds that manage billions of convertible debenture issues led by the Laurus Funds of New York arranged "death spiral" financing.
The former management of Telynx claims it lost $30 million in market capitalization and about $100 million in business due to death spiral financing arranged by former members of the law firm of Fulbright and Jaworsky.
Another case in point is JAG Media Holdings, adding to about 100 other firms involved in what Investrend Founder and CEO Gayle Essary calls "the Short Seller Wars".
The list is growing and could include such firms as Lucent and other big names. "This focus on the brokers, the companies, their management, and the naked short sellers is misdirected," says an activist involved.
The focus should be, "where was the SEC, when you and me, were getting fleeced"? said a volunteer who dared not call it treason.
"The SEC has and uses technology to monitor the daily price movements of every stock in the market. When they see a stock jump 100 to 1000% over the course of a few days they are all over it with investigations, interogatories and docomentation from hundreds of witnesses preparing for their next civil case.
"Yet when a stock plummets and loses 99% of its value over a few months, and the people on the other side of the coin are siphoning off money to put into offshore trust accounts, secret bank accounts, and betting on the bankruptcy of the company they have caused to plunge toward oblivion, where are the money laundering patrols and government agents who are supposed to follow the flight capital before it gets into the hands of the foreign terrorists?
The case of Universal Express, a Manhattan-based logistics firm illustrates one reason it's hard to correct the abuses and collect money from not only the brokerage firms and dealers involved, but from the culprits themselves.
In 2001 it received a $389 million award levied against three Florida defendants found liable for fraud and stock manipulation, including naked short-selling. But Universal is having a tough time seeing a single penny: It says the assets are in offshore accounts.
Before anyone can collect, plaintiffs have to prove fraud or manipulation--and that's tough. It's not enough to show a sliding stock price, wild discrepancies in daily volume or even a disparity between a company's authorized number of outstanding common and the number of shares traded. The key lies in demonstrating manipulation of the entire trading system.
Negligence of the SEC and its myopic stance will be proven in the Court of Federal Claims. The SEC has over ten billion pages of documents and electronic data it will need to turn over to the Court as the claims go forward.
It is going to take an army of public citizens, not current members of the Wall Street community and their regulators to sift through the haystack to locate the key documents which will connect all the dots.
A lot of O'Quinn and Christian's claims will rest on whether they can demonstrate hanky-panky within the DTCC's stock-lending pool. These are shares set aside to assist members that come up short during the day. Market makers, for example, borrow them and promise to make good on the missing certificates--eventually.
The SEC's Rule 15c3-3 allows for "temporary lags" in possession of the shares, "provided that the broker or dealer takes timely steps in good faith to establish account control." And therein lies an area of ambiguity larger than the entire global market. The SEC has put out for public comment "Rule SHO" which will attempt to rectify certain loopholes in the legality of the trading systems. Public comments from over 5,000 separate individuals are anticipated.
Former SEC Chairman Harvey Pitt, who is being named in the suit by BARC, is already leaning toward the side of BARC as he stages a public meeting next week to discuss how a central internet database being set up for whistleblowers to post information can be coordinated.
BARC is months ahead of Pitt who resigned under pressure from various groups last year and already has a bulletin board established open to the public where information about government wrongdoing can be posted and further investigated.
The real issue is not one of legality. The real issue is that of ethics. Is it ethical to borrow hundreds of billions worth of stock and never have to pay it back because it caused the bankrurptcy or insolvency of the company?
And is it ethical to overlook the fact that this happens on a daily basis to hundreds of smaller companies struggling to gain access to capital, only to run into the brick walls that separate them from the big boys hiding behind their automated security trading systems on the other side of Wall Street?
Is it possible that some of these automated trading systems permit prices to stay within a certain range on certain stocks (brokerage house clients) while decimating the values of less prestigious yet struggling companies who represent 95% of all innovation coming to the market during the last century?
"Put into its simplest terms, this is pure suppression of not only innovation, but knowledge and products that would be for the greater public good. This cancer will be healed and those who thought they could kill these companies may find miracles in the process of raising the dead", says Sandra Gabor, Executive Director of the Free and Clear Foundations of America, sponsors of BARC.
Nutek, a Las Vegas holding company that includes a data processing and market survey firm says its stock price fell from a high of 13 cents a share to 4 cents. Scrambling to raise equity capital it had to issue at depressed prices at least 35 million more shares than it intended to, which it blames in large part on naked shorting.
Earlier this year Nutek and its shareholders filed suit against 12 brokers for failure to deliver the shares. The brokerages proposed a settlement to deliver the certificates but only a few shareholders have received them.
Nutek has hired Michael Morrison, a Reno lawyer affiliated with O'Quinn, to pursue a civil action.
Morrison will soon be contacted by volunteers of BARC to recruit him, O'Quinn and Christian to take on the government, and to consolidate the 100 or more cases slowly moving through the court system under a single class action. "We'll go after the government, and the government, once it gets its' act together, can recoup their losses for their own negligence from the companies they should have been policing who were resposible for this international mess," said another volunteer.
"The government has failed to properly and efficiently enforce the laws, and if you have a bad cop on the beat, that cop goes to jail."
Another case in point, Freddie Mac is in violation of filing requirements to remain a publicly traded firm on the New York Stock Exchange as well as SEC reporting requirements which for years it has done voluntarily. These types of exceptions to the rules create conflicts within the system that allow the corruption to continue.
If the Quantum funds were advised to short a billion shares of Freddie Mac, knowing in advance that it was heading for financial troubles next year, that its' charter as a qausi governmental agency was going to be yanked, that its artificial government guarantee on its' securities was going going to be revoked by Congress, that the SEC failed to enforce the securities laws when certain financial information presented to investors in prospectuses for raising fresh capital was false and misleading, that its' accounting firm was engaged in covering up information which could cause its' collapse, that its' stock was going to be delisted from the NYSE, and it was going to lose class actions filed by numerous law firms currently pending on behalf of stockholders, would the SEC go after George Soros for insider trading?
Probably not, because most of that information can already be gleaned or extrapolated from existing public knowledge and each possibility is a risk factor to new investors coming into the buy side of the stock. But the question remains. Where is the SEC right before the public gets another fleecing? And would the Quantum Fund ever have to cover its short position on Freddie Mac if it went out of business? Would this be both a legal and ethical trading program and would it accelerate the demise of Freddie Mac?
Endovasc, an early-stage drug development firm in Montgomery, Tex., is bringing similar charges against market makers, including Knight. The suit alleges, among other things, the company's stock was oversold by at least 1 million shares in October 2002. Christian will try to prove the marketmakers profited by letting the open positions sit for months and then buying in, if at all, at a cheaper price. During 2002 Endovasc's stock went from a split-adjusted $7.50 a share to 65 cents.
Amazon Natural Treasures, which was a Las Vegas-based maker of herbal supplements in the 1990s, sued DTCC, arguing its clearing firm improperly allowed unregistered shares to be sold on the open market. The case was settled out of court but the abuses have not stopped.
In fact, during the bear market, the number of open short positions increased by as much as 50% in one quarter alone.
Persons close to the situation noted that Attorney Generals of the States are also being named in the action, except for Eliot Spitzer, and two others who are actively working to make the system honest and ethical. "When you reward negligence you get more negligence. When you penalize it, you get less of it, said one volunteer. Its time to pay attention to the pennies!"
Soros and Acs, both Hungarians, have called for greater openness and transparency in the worlds financial systems.
While Acs barks with his BARC, Soros may just leap ahead with his Quantum funds to bust Bush, especially if the real truth comes to light over a growing public battle of wits and multi trillion dollar bets on the real value of the dollar and the US stock markets.
The strange thing is that Bill actually thinks Helen is one of the good guys. I know this for a fact !
Can you explain that ? What are they up to ?
It surely explains a lot about the new choice for a president of the USA LOL I never though the USA would even consider someone like Obama which sounds like Osama bin Laden.
When your econmy is this bad I guess what option do you have but to blame the new guy who is a great puppet memorizing long speeches and fantastic actor. No one thought that this day would come.
You're right we received a diluted number of dividends, over and over and over....
This should have been caught by the SEC...
It was a full front page " ad " of the Washington Post that cost something upwards of $100,000
also
“Mr Norris…What possibly could be the reason you wrote about a worthless little pennystock…CMKM Diamonds..and placed it on the first page of the NY Times business section. Could it possibly be that the company has just about implicated every major brokerage firms in the country in the systematic rape of the American people due to the insidious practice of NAKED SHORT SELLING…COUNTERFEITING….Your boss’s on Wall Street will have to do some heavy spin on this one Floyd…”
Are they not legally required to report to the authorities if something smells wrong ?
Try telling your doctor or lawyer that you plan to hurt someone even yourself... see what happens...
We are Owed Didivends !!!
Since insiders have obtained a large number of shares illegally, all the dividends they have received are ours.
This should return a little bit of value back to us since we know they are trading. This is going to have to be delt with shortly. In addition there is a second dividend we are also owed and they should all be unrestricted at this point in time.
Don't you agree ?
If that's true who owns it now ?
Objets of art by skilled artisans made of jade are considered more valuable than gold or silver. Jade became a favorite material for the crafting of Chinese scholars objects.
"On December 30, 2002, the company acquired Fifty Million Dollars ($50,000,000) worth of Ancient Chinese Jade as appraised by Elizabeth Childs-Johnson, from Opal Financial and Development Corporation, for a total of Five Hundred Million Shares (500,000,000) of common stock of the corporation. The company intends to use the Jade for forthcoming exhibitions in conjunction with Casavant Diamonds to promote the Casavant name.
Representative Office in Antwerp, Belgium
As previously announced on December 9, 2002, the Company announced that it was sponsoring a representative office in Antwerp, Belgium. The purpose of the representative office is to promote the "Casavant" brand of diamonds and to assist in the support of worldwide measures to promote "conflict free" diamonds. The representative office is still pending with no definitive operational date."
If you can provide the new owener its a scam I agree.
Oh its real!!!
I personally saw the pictures of what it looked like.
So who owns it now ? Was it stollen ?
Lets wait and see before making assumptions ...
No one knows what CMKX has been up to internally and what they are going to do next... the new CEO will guide this company in that direction ... if its someone with a securities background it will be a wise choice since $$$$ are required to move forward...
What I hope will be addressed is the stocks that were exchanged and involved during this entire process, all the dividends that were issued yet the SEC claims it had no idea anything was going on ...
Secondly the claims that use to belong to us and what will be next.
The Chinese Jade collection... and who has it considering its worth millions !
Last how the CEO will work with BILL to take care of that issue... perhaps we will have something once again on the front page of the Washington Post ......
Who knows LOL
... was talking to a guy there that works for SDS technics.... witch is a sysmic company... and they are world wide .. he was telling me they are doing a great deal of work in northern sask. witch then i questioned who might be that for ?? he said have you heard of casavant mining ? i replied actually i have .. i own shares in the company... then he had kind of a puzzled look on his face ... i said what are you doing for them? he replied drilling some kimberlite and testing a few areas for uranium....i think it wont be long til we get some great news .... he also informed me they are doing some work for shore gold too ... he also said they just previously was bought buy borgg something but his truck still had SDS on it ..... he says there company is world wide ... if you do some dd to verify he said they've also done stuff for debeers in the past .. he told me if i had time sometime it would be worth my time to come over and check out what is going on up there he said you wouldn't beleive it .. and yes he said they are into several different things to do with mining gas and oil
So its seems UC knew a long time ago that we had Uranium...just pasted this from way back...
It wasn't till Entourage did some actual work that we were 100% sure ...
Point being that we had assets, why did they let them lapse ?????????????????
"That was 6 months before the suspension."
If a company has been caught dumping the shareholders money into their personal accounts, why did it take this long to Halt the stock.
So what you're saying is that SEC ignored the $$$ being placed in personal accounts and the unregistered shares being dumped into the stock market ?
pantherj sorry but you are wrong !!!
When it comes to CMKX it is not the responsiblity of the Shareholders to ensure that theft is not possible...
Are you challanging this remark ?
"where were you when the bashers told you the share count was in the hundred of billions? You didn't seem concerned then. In fact, if i recall you all called us liars ... and worse. So why are you concerned now?"
What a bunch of lies... we did not have this information till after the fact... no one had any idea what the OS was...
Where was the SEC ? This information was revealed by a second transfer agent and when that happened they quickly switched to another one.
So I ask again where was the SEC during this entire time the shares were being dumped into the stock market...
I guess it was that computer Glitch .... Please ....
Everyone failed us !!!!!!
It was not the shareholders that were foolish, it was a failure of the stock market to enforce, monitor and ensure that such a scam could not occur !!!
No way are the CMKX shareholders guilty of anything...
we were the pawns and Glenn and at the time was a very respected individual with a vast knowledge of the stock market. Its like saying if you're foolish enough to put money in your bank, and someone figures out a way to use your debit card to steel it all its your problem.
pantherj why to do you mock all the CMKX shareholders ?
"You have things absolutely backwards IQ1. First and foremost the thousands of people you say did nothing wrong, in fact did do something wrong: They gambled away their money with a known conman. His history was known and well exposed by Janice & many others. For years they continued to support UC in spite of all the warnings and red flags. Not only would they not listen, they were militant and obnoxious in their ignorance."
At the time we purchased CMKX its true there was a little bit of a gamble but all Pinkys have that factor, however you are 100% wrong to say that UC had a bad history as he has spent 15 years to aquire all the Claims that CMKX had.
Secondly there was no negative news prior to the Halt at all, and many of us spent 0.0004-0.0007 /share.
As for the Halt, it simply indicated that they filed an incorrect number of shareholders which is something that the SEC should have realize at least two years prior to the Halt based on the high trading volume. Its unnaceptible that an organization like the SEC exists and all they do is blam the DOJ when they get blamed.
" As for Bill, some folks here have offered to help/advise him. He stubbornly and stupidly rejected their offers. If his brain were 1/10th the size of his ego, you guys would be far better off. So, now he's drowning in his own arrogance; overwhelmed with the task. maybe he should go back to promoting boxing matches? "
Its very likely Bill doesn't trust many of the people that offered to help because of the corruption he has seen first hand, and only he knows how bad it is with the amount of datum he has spent looking at over the years.
If you have approached him in the past and were rejected, perhaps if you approach him today his response will be different. Bill has grown a lot since then and just like CMKX is hiring a new CEO, it is time for Bill to let someone with a legal stock background to aid in the final phase to make things go smoothly.
" And, you (CMKX) never had any assets. No 'iums,' no coal, no oil, no gold, no diamonds, no copper or silver or nickel. NOTHING. This was a bogus company that sold a bogus story to the greedy and the naive. They pumped it and they dumped it. You bought it and held it. They won, you lost."
Yes there was corruption and based on what has transpire the SEC and all the organizations involved including the banks have failed us. The security of the stock market is ZERO since this was allowed to take place.
As for Gold... we had it but insiders let it lapse... uranium same ... however please don't post your assumptions as fact because you really don't know what we do or do not have !!!
That is still to be determined by the court !
If any of you really want to help do so and contact Bill, offer him your insights otherwise the only real reason you're here is to give us an unrealistic percetion that CMKX is gone.
Lets clear that up right now CMKX is not GONE its just the beginning !!!
"And, you (CMKX) never had any assets. No 'iums,' no coal, no oil, no gold, no diamonds, no copper or silver or nickel. NOTHING. This was a bogus company that sold a bogus story to the greedy and the naive. They pumped it and they dumped it. You bought it and held it. They won, you lost."
Why would you make such a statement when you know very well that Entourage would have never got involved with CMKX if they did not see some proof of value and Uranium is huge on the list.
http://www.entouragemining.com/s/NewsReleases.asp
Vancouver, Canada (OTCBB:ETGMF) Entourage Mining Ltd. (the "Company") is pleased to announce that it has entered into a number of agreements to acquire interests in a number of mineral properties and to increase its interest in one of its existing properties.
INCREASED INTEREST IN THE HATCHET LAKE PROPERTY
Effective today's date, the Company has entered into the following agreements:
1. A new option agreement with United Carina (the "New Hatchet Lake Option Agreement"); and
2. An agreement by which the Company is assigned all of CMKM Diamonds, Inc. Diamonds, Inc.'s ("CMKM Diamonds, Inc.") interest in the Hatchet Lake Property (the "Hatchet Lake Assignment Agreement")
The Company had previously acquired an option to earn up to a 10% interest in and to the Hatchet Lake Property from CMKM Diamonds, Inc. and CMKM Diamonds, Inc. had the right to participate as to 10% in Entourage's Black Warrior project in Nevada. Under the terms of the New Hatchet Lake Option Agreement with United Carina and CMKM Diamonds, Inc. which supersedes and replaces the Company's previous agreements with United Carina and CMKM Diamonds, Inc., the Company is granted the exclusive option to acquire an undivided 50% beneficial right, title and interest in and to the Hatchet Lake Property in consideration of the following payments and work commitments by Entourage:
(a) a cash payment, on or before November 15, 2005, of $220,000 paid by Entourage to United Carina; and
(b) by making the following exploration expenditures on the Property:
(i) on or before December 31, 2005, $100,000;
(ii) on or before February 1, 2006, an additional $300,000;
(iii) on or before November 15, 2006, an additional $450,000; and
(iv) on or before November 15, 2007, an additional $450,000.
The New Hatchet Lake Option Agreement is subject to its acceptance for filing with the TSX-Venture Exchange as United Carina is a company listed on the TSX-Venture Exchange.
Under the terms of the Hatchet Lake Assignment Agreement, the Company has agreed to issue to CMKM Diamonds, Inc., total of 15,000,000 shares (the "Shares") of its common stock in exchange for CMKM Diamonds, Inc.'s assignment of all of its interest in and to the Hatchet Lake Property.
The Hatchet Lake Property is prospective for uranium. The Hatchet Lake Property is comprised of 4 claims totaling 16,951 acres in the Hatchet Lake area of Saskatchewan, Canada. No NI 43-101 report has been completed on the Hatchet Lake Property and the property is at the exploration stage only.
ACQUISITION OF SMEATON/FORTE A LA CORNE/GREEN LAKE PROPERTY IN SASKATCHEWAN
The Company has entered into an agreement (the "Smeaton/Forte a la Corne Property Agreement") with 101047025 Saskatchewan Ltd. ("1010") to acquire an undivided 80% mineral rights interest in and to the Smeaton/Forte a la Corne Diamond Property in Saskatchewan. Under the terms of this agreement, Entourage will issue 33,888,888 common shares in its capital stock (the "Smeaton/Fort a la Corne Shares") of which 30,000,000 common will be issued to CMKM Diamonds, Inc.
The Smeaton/Forte a la Corne Diamond Property was the subject of an agreement between 1010 and CMKM Diamonds, Inc. dated August 1, 2003.
The Smeaton/Forte a la Corne Property is comprised of approximately 1087 claims totaling approximately 411,275 hectares in the Smeaton-Forte a la Corne, Saskatchewan area. No NI 43-101 report has been completed on the Smeaton/Forte a la Corne Property to date.
ACQUISITION OF FORTE DIAMOND PROPERTY IN SASKATCHEWAN
Entourage Mining Ltd. has entered into an agreement (the "Forte Agreement") with CMKM Diamonds, Inc. dated October 20, 2005 whereby it has acquired all of CMKM Diamonds, Inc.'s interest in and to the agreement dated July 18, 2004 between CMKM Diamonds, Inc. and Nevada Minerals, Inc. ("Nevada Minerals"), and in and to an undivided 36% right, title and interest in and to the Forte Diamond Property for consideration of 5,000,000 shares of the Company to CMKM Diamonds, Inc. on this date.
The Forte Diamond Property is comprised of approximately 337 claims totalling approximately 194,582 hectares in the Forte a la Corne area of Saskatchewan. No NI 43-101 report has been completed on the Forte Diamond Property to date.