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Which were more intelligent, gump, the ones that bought for the conglomerate, or the ones that bought for the short squeeze?
And there are a lot of intelligent shareholders in CMKX too.
Obviously, some people over-thought themselves.
Check out this optical illusion, it took me a while to see the boat. (Not exactly office appropriate)
http://gallery.future-i.com/illusions/pic:boat/
Interesting, so according to the attorney, they could proceed to hold a shareholder meeting, and do things like amend the by-laws and elect board members and ratify officer appointments without notification of all shareholders, as long as they had written consent from more than 51% of the outstanding shares.
So the question is, how can Urban go ahead and elect a new board and appoint new officers without written consent of 51%?
Here is a list of the major shareholders as of that 1/15/03 meeting:
ownership owner
17.359900% Loan and Development Corporation ~~~~~ NV
14.982800% Emerson Koch ~~~~~ NV
8.285400% Urban Casavant ~~~~~ NV
8.087500% Elan First Merchant Ltd. ~~~~~ Canada
6.214100% Alan Moen ~~~~~ Canada
3.915600% Moncom Enterprises Ltd ~~~~~ Canada
3.397600% Ian McIntyre ~~~~~ Virgin Islands
3.328700% Berama Girogio, Inc. ~~~~~ Canada
3.107000% Allen Mock ~~~~~ Canada
3.070400% CEDE & Co. ~~~~~ NY
1.934000% Faza Gee Industrial, Inc. ~~~~~ Canada
1.391300% Business Works, Inc. ~~~~~ NV
1.380900% Golden Capital Securities ~~~~~ Canada
1.091300% Eleta Brunelle Commercial, Inc. ~~~~~ Canada
1.011100% Gary Walters ~~~~~ NV
0.967000% Eleta Brunelle Commercial, Inc. ~~~~~ Canada
0.903000% Opal Financial & Development Corp. ~~~~~ Virgin Islands
0.739600% Viford Trading LTD ~~~~~ Canada
0.721500% De La Norte Trading Ltd ~~~~~ NV
0.690500% Dale Casavant ~~~~~ Canada
0.552400% Ron Markin Trust Fund ~~~~~ NV
0.524700% Part Time Management ~~~~~ NV
0.507500% Hiaget Gears, Inc. ~~~~~ NV
0.473000% Jules Englehardt Inc, Trust ~~~~~ NV
0.414300% Denise Casavant ~~~~~ Canada
0.414300% Ron Casavant ~~~~~ Canada
0.414300% Vic Casavant ~~~~~ Canada
0.414300% Tara Dembicki ~~~~~ Canada
0.414300% Lo Castro & Assoiciates ~~~~~ PA
0.414300% Trisia Maskoske ~~~~~ Canada
0.414300% Allen Moen ~~~~~ Canada
0.414300% Diane Moen ~~~~~ Canada
0.414300% Tyrevor Moen ~~~~~ Canada
0.414300% Margaret Reid ~~~~~ Canada
0.400500% Tobian Trading Limited ~~~~~ Canada
0.338300% First Clearing Corporation ~~~~~ VA
0.276200% Arnold Gutka ~~~~~ Canada
0.276200% Grant Hodgins ~~~~~ Canada
0.276200% Eric Reid ~~~~~ Canada
0.234900% Huntion Trading Ltd ~~~~~ Canada
0.207100% Cole Koch ~~~~~ OH
0.207100% Kara Koch ~~~~~ Canada
0.207100% Nadine Koch ~~~~~ Canada
0.207100% Alice Moan ~~~~~ Canada
0.207100% Norman Moen ~~~~~ Canada
0.179500% AGAP Serene Services, Inc. ~~~~~ NV
0.151900% Amold Gutka ~~~~~ Canada
0.138100% Bob Beltran ~~~~~ NV
0.138100% Howard B ~~~~~ NY
0.138100% Max Casavant ~~~~~ Canada
0.138100% Sergi Doodchenko ~~~~~ Canada
0.138100% First Colony Merchant Ltd. ~~~~~ Canada
0.138100% Arnie Howardson ~~~~~ Canada
0.138100% Penson Financial Services, Inc. ~~~~~ TX
0.138100% Ron Wesolowski ~~~~~ Canada
0.126500% Peter J Koch ~~~~~ Canada
0.124300% INDE Enterprises, Inc. Trust ~~~~~ NV
0.112300% Wakefield Sevices Corp ~~~~~ NV
0.110500% Ron Bowditch ~~~~~ Canada
0.110500% Steven Bubalo ~~~~~ Canada
0.110500% Rob Holinaty ~~~~~ Canada
Better yet, nuf, ask the CEO to post them on the website. I'd do it myself, but since I'm not a shareholder, I don't really have that right.
Because it's a corporation, not a monarchy.
To my knowledge, it has never been documented how he came by that authority. Are you saying he had majority control of the common shares when he made that appointment, or did he have a preferred "super voting rights" share? The latter has never been disclosed, and until now, never been questioned.
Hi nufced, Nevada never had that info, even before the convert out.
I don't recall the company's lawsuit bringing up the point that Urban lacked the corporate authority to make certain decisions for the company, and it was never mentioned when the new CEO was appointed. I think it is in the new CEO's best interest to show how Urban had the ability to make that change, and who currently has the ability to make those decisions without majority approval.
nufced, I'm sure you are probably right. But, it was always assumed that UC must have had preferred shares that allowed him the majority vote, since he was able to make certain corporate decisions while not controlling the majority of common shares.
Did UC have these special preferred shares? And if so, did he sell or otherwise convey them to Kevin West, or somebody else or a group of somebody elses? I think this is an area where all of the shareholders deserve more transparency.
That's a very good point, but it's of no consequence to most that participate in this board. Having said that, it would be curious to know if Kevin did have the authority to convert out. It would also be curious to know if Urban had the authority to do most of the stuff that he did, including, appointing Kevin as CEO and Chairman of the Board.
69charger, what does this mean?
Soo,,,no court...due to the cost of $250K,,,,,no "trading" solution.....due to the "bashers".
Where is this coming from: $250K to go to court?
What do "bashers" have to do with a "trading" solution?
Also, what authority does Susan Trimbath have to sign any "legal docs for CMKX ftd's"?
And finally, what does the grandfather clause have to do with anything. It's well established that the largest amount of CMKX ftd's that could possibly go back to the grandfathered time period is 3 million shares.
Forensic accountants are first and foremost there to provide litigation support. They are going in to document potential fraud, embezzlement, and fiduciary misappropriation. And from the looks of things from the outside, they are being dropped into what I would call a "target rich environment".
klon, I really don't understand this statement:
"I HAVE NO AGENDA except to make money in the market,,,,,
and I DO NOT DO IT AT THE EXPENSE OF OTHERS."
Every dollar you've made in the penny stock market came at the expense of others. Where do you think that money comes from?
"if anyone buys based on anothers posts here...then those buyers should look into investing somewhere else, not in the pennies (and you know i'm right)."
Now there's a message that I agree with and will help spread the word. And sometimes, it's necessary to point out the nefarious inconsistencies and game playing that goes on here.
Interesting, one guy was stressing that point in some of his posts. But with all the other misinformation contained in those posts, I wasn't sure if that info was valid.
Posted by: analogdog
In reply to: None Date:3/8/2007 10:32:15 AM
Post #of 12414
all bashers should contact or visit the Globex management... then you can say you've done as much DD as we have.
Research the claims, check the historical reports by the gentleman now in the Canadian government, check for the 15 million dollar Canadian government placement in the company, check the financing through Trimax and Bear Sterns... if you can refute any of it, I'd like to know...you'll be saving me a ton of money. Til then.. leave well enough alone.
-------------------------------------------------------------
Posted by: analogdog
In reply to: None Date:3/15/2007 10:34:55 AM
Post #of 12414
Can you believe this thing is getting better and better? Financing (non-dilutive) is MAJOR. Klon will be posting an explanation and I'll discuss it til we are all clear. Meetings with Canadian Government going on today. Geo reports actually done by geologists within Canadian government (I think we get our 43-101 status!)
Press kits and analyst reports out to major investors today.
Revenues sooner than y'all think... uplisting and PROFIT coming....
Talk to you later... back to work. I'm so happy to be here right now... walk it down all you want... scratch in my account later today... need more! LOL
All just my humble opinion with a boatload of DD.
------------------------------------------------------------
Posted by: analogdog
In reply to: blackstns who wrote msg# 7218 Date:3/15/2007 4:58:19 PM
Post #of 12414
Not pretty much... but smack dead on. I (and others) have corroberated all info and it has proven to come to fruition. We have been warning all that this company has been working on this since April of last year. Original reports were dated in October of 2006.
Canadian government aiding the company as much as possible.
Nearly unlimited, non-dillutive financing in place, with digging imminent.
JV's on board for digging, hauling, and crushing. (Where do you think the finance money is going? Likely right back into our pockets.)
Uplisting commencing ASAP via SB-2. (Check out URME they did it January 2006 via the same method). Share price at $7.51, and they have 3 times the float, just got 1 core sample, have no financing, and don't anticipate digging until 2009 (see their website)
Cusip change imminent.
Transfer agent change in place.
This is 3 levels at which the MM's and brokers must account for the sold shares.
You know what this means right?
These prices are a steal and won't last long. The writing has been on the wall since any of us got into this stock.
My opinion only ... after exhaustive daily DD for the last 2 months... and look where we have come!
----------------------------------------------------------
Posted by: analogdog
In reply to: december who wrote msg# 7253 Date:3/15/2007 8:39:44 PM
Post #of 12414
With the proven reserve value of $98,000,000 by NH43-101 Canadian government geologists, Trimax Capital brokered a deal with New York financiers (Nomura, Pali Capital, Dresdner Bank, JJ Wall, and Bear Stearns). The proven assets (NH43-101 uranium claims) have been used as collateral for a Line of Credit. This credit will be issued as structured notes. At 35% of the assets, 34 million dollars could be drawn in a structured note to generate 12 million in income alone. Even if Trimax and the financiers get 40% of these proceeds (very high)... GLXI would have 7 million dollars of working capital to get phase one of the uranium out of the ground, without selling off assets or giving away stock/dilution. With this move, we may be able to generate enough capital to go after the rest of the claims ourselves. Would be much easier with JV's busting hump to get this first chunk of uranium out of the ground. But, then again, I'm getting ahead of myself......
this is the DD as I understand it...
Remember, this is a very small portion of the claims... they used a special method of surface magnetic resonance to find the most uranium in the most shallow ground as possible. They avoided the ones that would take longer to get at. They got financing on a large reserve that can be strip mined from the surface. This is just the beginning IMO.
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Excellent point thomas21, I'll take you up on that offer. Let me pick one out of a hat - LSMJ. OK thomas21, tell us why LSMJ sux.
Something doesn't make sense. Why would Cortellazzi have a control position on two new uranium plays, one reporting that is keeping a very low profile (M45), the other nonreporting that claims to be working on being reporting (Umining)?
With the costs associated with filing the quarterly and annual reports, as well as all the other duplicated expense, why would he want two reporting uranium plays?
And why is all the activity happening in the nonreporting company, which claims to be trying to uplist?
Why have they not merged the two companies?
Does anyone remember the guy who doesn't recommend buying pink sheet stocks?
By: klonopin2mg
15 May 2007, 10:45 AM EDT
Msg. 21768 of 21783
(This msg. is a reply to 21751 by nascent_vindication.)
Jump to msg. #
nascent', buy a little GLXI today and sell next week. get your triple digits back or you can shoot me(in the foot):)
- - - - -
View Replies »
CIM, The symbol is for a Citicorp Option contract.
No roi, I haven't heard of the "work schedule". It sounds similar to a "wish list"?
No gump, they're not disagreeing, they're both saying that you are wrong. And I concur.
You and Janice seem to be contradicting yourselves.
gump, uber said that everyone he knows DID get certed. Please, don't repeat that mistatement 10 more times and make it eligible for your "fact box".
Youse Negativos who keep arguing ..
that everybody got their certs had best talk to uber and Trade 15
Ah so.
Hi nufced. No income tax implications to the company (corporation), no income = no income tax.
I'm curious as to the record keeping associated with the stock issuances, loan documentation etc. If I were an IRS agent, I would treat all issuances of stock and cash as ordinary income to the recipients, unless contemporaneous documentation exists that refutes it. We could easily be talking about millions in back taxes plus some hefty penalties to boot.
He wasn't Jewish, was he?
I knew someone, yes he was a lefty, that saw the calendar days opposite of they way we do, from left to right.
Keep refining your theories, Chris, their not quite "half baked", but you're getting there.
IMO....10B recognized will be the outcome of civil and CMKX can work it from there for "the plight of the shareholders"....raise it from 10B to "legally" legitamize us and issue new certs.
I'll bet he did take his "radio flyer" with him, because it was "his radio flyer".
I did (and continu) this project with my own fund in my private compagny (I never receive the term sheet and any funding from GLXI)"
So which way you wanna play it, klon, did he say it or didn't he?
Per Mr. Fournier,
"I stop any relationship with GLXI in october 2006 and as far as I'm concern I ever seen any investment going in real compagny development.
Personaly all the information regarding the bioethanol devlopment is true. I did (and continu) this project with my own fund in my private compagny (I never receive the term sheet and any funding from GLXI)".
You can scratch that positive off the list.
So with the bon-voyage or Joel Fournier, who thinks GLXI will be able to sell the Ethanol part of the business to whichever company Joel joins?
Also looks like part of the business plan to focus on Uranium Mining, vs. Uranium and Ethanol - I see 2 positives coming out of his leaving GLXI
Actually, the CMKX matter is a civil case, between the new management and the old management. New management is trying to reclaim as much of the $200 million that was looted from the company by the old management, (aledgedly).
Chicken feed, Blue. If you're gonna do a pump and dump, you might as well go big:
http://www.uploadfx.com/upload/files/imagebox_1178062623_r98.pdf
Then just put those Foster Grants on and come along for the ride.
Peeking, ha! You should know by now I'm always one step ahead. ;)
First it was the interpleader that would open up the brokers' books, now it's the suit against Urban?
If I could be so bold as to offer Mr. Frizzell a suggestion, if you want to open the brokers' books, why don't you sue the brokers? Gather up those 20 thousand shareholders who can't get certed and file a class action against those bad guys.
Nice interview, is Guy Lafleur the new president of glxi, eh?
The following is from page 4 of the SEC response to Bill Frizzell's FOIA request for information regarding the "fails to deliver" in CMKX for the month of April. My question is, has Bill ever addressed this information? I would think that the taskforce would have requested this information for the month of revocation (October, 2005), but I have not seen it made public. Just curious as to how Bill can claim a continued short interest, while the information below directly contradicts those claims. I would like to give him the benefit of the doubt that the outstanding fails at the time of revocation was much higher than the 3,073,000 aggregate fails as of the end of April, but still, I'd rather see the info in black and white.
cusip CNS_Name Ticker Date Total Fails
125809103 CMKM DIAMONDS INC CMKX 20050401 5,000,000
125809103 CMKM DIAMONDS INC CMKX 20050404 7,800,000
125809103 CMKM DIAMONDS INC CMKX 20050405 17,800,000
125809103 CMKM DIAMONDS INC CMKX 20050406 25,843,333
125809103 CMKM DIAMONDS INC CMKX 20050407 56,129,333
125809103 CMKM DIAMONDS INC CMKX 20050408 17,743,333
125809103 CMKM DIAMONDS INC CMKX 20050411 44,743,333
125809103 CMKM DIAMONDS INC CMKX 20050412 6,009.429
125809103 CMKM DIAMONDS INC CMKX 20050413 1,000,000
125809103 CMKM DIAMONDS INC CMKX 20050415 2,700,000
125809103 CMKM DIAMONDS INC CMKX 20050419 84,800,000
125809103 CMKM DIAMONDS INC CMKX 20050420 82,329,000
125809103 CMKM DIAMONDS INC CMKX 20050421 125,329,000
125809103 CMKM DIAMONDS INC CMKX 20050422 186,270,665
125809103 CMKM DIAMONDS INC CMKX 20050425 102,770,665
125809103 CMKM DIAMONDS INC CMKX 20050429 3,073,000
Janice, imsoweary is not All*n. He did however post as "very tired".
Lexit, when I read this part of your post:
A "preliminary" examination leaves me with the impression they lifted the information out of 2004-2005 Quebec Government reports:
this old post came to mind:
Posted by: analogdog
In reply to: None Date:3/8/2007 10:32:15 AM
Post #of 11617
all bashers should contact or visit the Globex management... then you can say you've done as much DD as we have.
Research the claims, check the historical reports by the gentleman now in the Canadian government, check for the 15 million dollar Canadian government placement in the company, check the financing through Trimax and Bear Sterns... if you can refute any of it, I'd like to know...you'll be saving me a ton of money. Til then.. leave well enough alone
analogdog, that was a very reasonable and concise post. But let's not forget why "the crew" got involved here in the first place, because of outlandish and unrealistic posting by you and the other mods, and a number of the locusts.
Posts that stated this is a $5 stock when it was trading at 10 cents, mining to begin in the spring, revenues by the summer, financing from Bear Sterns, 43-101 completed soon, financing in place and ready to be drawn, all with a deceptive intent to artificially inflate the value of this stock for your own gain.
But thanks to the crew, we now know that it takes years to go from discovery to extraction. We know that the financing (not that it actually exists) is from a brand new company affiliated with the principals of glxi and having no connections with Bear Sterns or any other major lender.
We knew the exact address of their new offices weeks before they announced it publicly, (and no, we didn't get the info from Klon, at least not directly), because we were able to tie them together with the financing company.
We know that the Grenville claims were purchased from a family member of a company affiliate (bringing into question their ultimate valuation).
We know that the principals have a long and sordid history of penny stock dilution and misleading pr's, as well as other "shady" and even criminal dealings in the past.
Just about as many times as its been tried. And it is yet to work.
Shorty CAN'T GET CERTS and will soon be called on it. That's how it works. How many times have we discussed this ?
Update #2!! Well done! Cut those clowns off at the knees!
Only people that stupid would be the acca followers. He must be connected to marco somehow. And maybe they're both connected to Urby.
You're referring to BHUB, so my question is, what unsuspecting shareholders? It was a dormant shell that was hijacked! Anybody that bought in knowing fraud had occurred hoping for a short squeeze deserves to lose it all.
Wow, thank you for posting that! But...do you really think Kevin needs that kind of character attack now?
I had to look back at the header to make sure that was kevin777 and not mike777.