ADDRESSING PIPES AND CMKX
First off, there probably isn't a successful large securities law firm in the country these days that isn't well-versed in structuring PIPEs (Priate Investment in a Public Equity). They are 100% legitimate financings that offer many, many advantages that other financing vehicles sometimes cannot. The fact that shady characters in the past may have abused them in no way affects the fact that major corporations today rely on tens of billions of dollars in PIPE transactions (for more info on pipes i have provided a link below - a LEGTIMATE link not doctored up by some alleged "stock patrol" type of organization).
Second, did anyone say CMKX was even going to do a PIPE or was that just Ms. Shell finding the one very, very, very small angle with which it is even POSSIBLE to spin this negatively? (And speaking of negative spin, anyone run a google search on the beloved Janice Shell to uncover the lawsuits against her).
Third, our lawyer Mr. Glenn wrote the book on going public and proper filings. No seriously. He wrote the book. The Going Public Sourcebook by D. Roger Glenn. I think this guy knows about financing transactions for public entites (as well as the proper filings in working with the SEC).
Fourth, Why is Ms. Shell attacking on a saturday night? When fewer people are around to question her? Why has she not yet addressed the question of why a wee little pink sheet company is spending the big bucks to hire someone like Edwards Angell to do their filing? And why is she harping on PIPE transactions when nobody ever even said we're doing a PIPE transaction? If these were illegal, why in the world would they list it under a partner's bio at one of the nation's finest law firms?
And fifth. FIFTH. Hmmmm, seems the Ms. Shell Spinmeister is a bit out of control. Or perhaps her research capacity is exhausted by all of her weekend book duties in Milan (want more on that, do some research). Because the article she cited seems to be the exact kind of poison and defamation that she supposedly seeks to protect us from. For a slightly more "balanced" perspective on PIPEs, here ya go:
http://www.realcorporatelaw.com/faqs/pipes.html
When you get into it, we are in the hands of one of the nation's truly most gifted and skilled lawyers when it comes to understanding financing and corporate structure of public entities. In my opinion, we couldn't be in better hands with respect to making a move off the pink sheets. Whether it be through PIPEs, getting bought out, or simply moving to the otc and later possibly to amex/nasdaq, in my opinion Mr. Glenn has to be one of the most impressive people to be handling this. And for Ms. Shell to try to "expose" all of this by critiquing a very legitimate form of financing only exposes how transparent her motives are.
Why is CMKX hiring one of the country's true experts at filings and financings?
If there is a short position of considerable size here, is there anyone aside from Mr. Glenn that you would want to creatively determine the best way to handle this for the shareholders?
Why is CMKX paying big money to begin filing with the SEC when any local corporate lawyer could do the job for a fifith of the fees (or zero if he took shares)?
Ms. Shell seems to be living in her PIPE dreams and not addressing the real points. But that's probably because the real points happen to be positive and irrefutable. In an age of corporate responsibility and accountability, why is it that the only thing Ms. Shell can spout off about is the fact that our company has taken the most positive steps one can take to become a true, accountable, reporting, accurate company -- they hired some of the best and most respected lawyers in the country to make sure things are done RIGHT the first time.
Remind me again exactly why she is busting our company's chops for this move?
All of the above are strictly my opinions. I encourage everyone to do their own due diligence. Peace to all.