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FRIZZELL LAW FIRM
602 S. Broadway
Tyler, Texas 75701
(903)595-1921
Greetings CMKX Owners Group members,
Please feel free to share this update with any CMKX shareholders, especially those that may not be members of this group but have concerns about their certs or inability to obtain them.
The Task Force decided some time ago that no further extensions would be granted for shareholders to obtain their certs and be included in the Entourage distribution. For months now I have volunteered my office and staff as well as the office of The Owners Group, Inc. to help collect the certs and deal with problems caused by the company’s request for this list of bona fide shareholders. I want to personally thank the staff of both of these offices (John, Kevin, Goldie, Ashley, Johnny, Eric, George and others) for their help in the company’s efforts to obtain a bona fide list of shareholders. Many of you received voice mail when you tried to call. Many of you have had difficulties getting through with your faxes. These phones simply ring non-stop from the time we get here until we leave at the end of the day. Between these offices we have 7 lines excluding the three fax lines. If your call went to voice mail or your fax reported a busy signal to you, our staff was assisting with other shareholders or the fax lines were in use.
We have been in regular communication with the Transfer Agent and we have talked with representatives from many of the brokerage houses. We acknowledge that there are many shareholders who have not yet received their certs. We are fully aware that some brokers have taken a position that they do not plan to issue certificates to their shareholders in spite of their fiduciary duty to do so. We know of foreign shareholders that are being told their clearing firm for their broker cannot get certs. We know of Canadian shareholders whose accounts have never been included in the U.S. NOBO. We also know that many shareholders (some unknowingly) have had their accounts liquidated and may not be restored. There are many problems that need to be addressed.
We have documented the circumstances of many shareholders who are trying to obtain their certs but have been unable to do so for various reasons. We are aware there are many shareholders who maintain shares in street name that have not requested certs. We are aware of brokers who refuse to honor the requests of their shareholders to cert their holdings. I discuss these situations with shareholders daily so I am very familiar with the reasons being given for the brokers’ refusal to issue certs.
It was stated in the press release in November of 2005 that the Task Force would “use all means necessary, including bringing Federal or State court legal action to make certain all bona fide CMKM stockholders receive their proportionate allocation.” I am surprised at the actions of many brokers in the face of demands by their customers for certs on their accounts. I have been told there are brokers whose representatives have stated they will never voluntarily cert their accounts as requested by their shareholders. The Task Force was concerned this may occur when it became obvious that certain brokers were cooperating and some were not.
It will be my recommendation to the Task Force that we use all means necessary to assist the shareholder in obtaining their certs. We are most concerned with the legions of Ameritrade, RBC and TD Waterhouse customers (to name a few) who have been trying since November to obtain certs for their accounts. We have seen a copy of the instructions that were sent from the DTCC to its broker participants in November of 2005 advising them of this certificate request. It is much easier to understand the concerns of those brokers who were not notified in November of 2005 and shareholders who only recently learned of the company’s request for certs. The Task Force will make allowances for those
shareholders who have certs in transit or simply did not receive notice of the company’s requests a short time ago. I have said on many occasions that this Task Force is not attempting to keep shareholders from obtaining their Entourage distribution, but is trying to make sure that all shareholders of CMKM Diamonds, Inc. receive this distribution.
Arrangements are being made at this time for a meeting between the Task Force and the Transfer Agent. The purpose of the meeting is to discuss the official shareholder list and to examine pending requests for certificates. The records of the Transfer Agent will be combined with the information received by the Task Force to arrive at a bona fide shareholder list. The Transfer Agent has been most helpful and cooperative with the company in our efforts to obtain a bona fide shareholder list. I have reasonable assurance from the parties that this meeting can occur this week. I have not been told when the company will issue a formal press release announcing the next step in the proceedings.
Please continue to inform this office of any problems regarding your efforts to obtain your certs.
Onward!
Bill
Better hurry. Two hours left. Fax those certs in.
Janice Shell's RB posts removed?
« Thread Started on May 13, 2006, 9:28pm »
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Just follow the instructions of the TaskForce-today is the last day to request Certs.
Just follow the instructions of the TaskForce.
Skip,
Do you know of anything about a settlement we're suppose to get from GAAY/QBID for illegal naked short selling?
I would just follow the instructions of the TaskForce.
Carver,
You around. Anything more on that short reimbusement that goes back to the GAAY days?
Just follow the instructions of the TaskForce.
With all the sadness and trauma going on in the world at the moment,
it is worth reflecting on the death of a very important person, which
almost went unnoticed last week.
Larry LaPrise, the man that wrote "The Hokey Pokey" died peacefully at the age of 93. The most traumatic part for his family was getting him into the coffin. They put his left leg in. And then the trouble started.
You know it's funny. Now send it on to someone else and make them smile.
I don't know who manipulated the stock but I do know that its illegal to implement a device or sceme to do so. Those responsible can easily be found out by the regulatory authorities along with those that paid them to do so.
The time is not RIPE for a shareholders derivitave action suit as the company and taskforce are working on the company. The PRs by the company have been straight forward as to how to proceed. If there is a suit coming then it would be against the manipulators of the stock not the company. And its more easy for the government to do so and then the private attorneys. The private lawyers can then use the governments research.
We'll have to see if there are paid touts or bashers that have manipulated this stock. It's easy to find out. The government has a lot of resources. Right now the T/F has Frizzel who I'm sure will go after the people being paid as well as their sponsors along with the government.
Some people sell and some don't. It looks to me that that is when the short started. The SEC steped in shortly. Now we see a lot happening. Sooner then later from what I see. Looks to me like the people that illegally shorted the stock got caught.
No, I'm not Andy Hill and I have no association with the company other then a shareholder. So far the company has been on the up and up. Just read the PRs and question anything else unless it comes from the comapny.
I have no idea if ACCA knows anything or not. I pay attention to what the company says. Anything else is just speculation.
Any lawsuits then would be against the people that have made up stuff. The company is responsible for what they put in the PR's not the rumors being told.
I'm not here for anyone except myself. I know of no lawsuits coming against Urban as he has been forthright with the shareholders in his PR's. It's the socalled gurus that have made up a lot of things. Just pay attention to what is in the PR's. The company is not responsible for what others are saying either good or bad as they are not the ones saying it. Just read the PRs.
I work for myself. No one pays me anything. Good things look like they're about to happen.
There is no need to use such bad language. I know a lot of people are upset and have to use profanity. Just sit back and give it time. Something soon will happen. And sooner then later.
All for the better.
This situation is looking better and better all the time.
Well, at least were seeing something is going on with the USA Today Ad. Should be very interesting the next few days.
Yes, we see progress being made.
Todays USA ad:
refer to prior post of mine
Well we know something is happening. It speaks for itself.
Well, the thing speaks for itself. The USA Today ad shows something is going on.
This is a start up situation. It takes time. Give it all the time it needs. Look at what is happening currently. A lot is being done.
Yes,
The company probably did it this way so they would not be bogged down in certs all at once. If there are remaining certs/shares then the brokers will have to cover when CIM IPO's it would seem. A win win situation for all involved.
Trusts,
We setting up a trust any attorney that has a specialty in trusts can set it up. Dynastry Trusts are only one type of trust. Your particular situation may not need a Dynasty or any trust whatsover. That is why you need to speak to an attorney or your local bank that does trusts. Most banks have a trust department. You can get an attorney that specializes in trusts through your local Bar Association. Prices will vary but so its best to interview who you want to hold the trust.
Invest,
Yep, I agree. Those brokers need to hurry up.
Kel, Look what just appeared in USA Today, Not good?
http://www.newspaperads.com/usatoday/rop_ad.asp?subcatid=1608&interfaceid=82&parent=Categori...
Janice,
Today is another day. Do you think there could be news with this stock?
Janice,
For us it isn't about money.
Sick or Slick. lol I hope it turns out in the next few days.
People do what they do for money. The next few days should be very interesting.
Janice,
Yep. Too many sheep. Just look at all those people that believe they're going to get several dollars and stock in exchange for investing in a start up company. You know if it were not for the gurus and self proclaimed experts this stock would probably be revoked long before it had. It makes you think though that something is happening behind the scene. I wonder what CMKM/CIM is up to getting all these people involved.
Janice,
These people actually think you get paid to investigate stocks.
power,
I think you're wrong. We'll see.
Invest,
You're right. It would be impossible.
fam,
We don't know that. For all we know it can be a private trust and dividends paid to the shareholders of the private trust. It would be hard for the bad people to short a private company.