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I'm loading up on SVYRE should see .15 easy imo
.12-.15 likely before correction is over imo eom
only naked sells and a few chickens imo eom
Point and figure chart price objective is $1.00 http://stockcharts.com/def/servlet/SC.pnf?c=AURC,P
filled now @.35...eom
buy @ .38 still not filled.eom
Is AURC worth $1,$2,$3,...$10?yes,yes,yes and yes!In a Peak Gold world,name your price and in time you will get it.At $6 an oz for AURC's 7 mil oz in the ground sellers clearly are short term traders and they will be harder to come by as the gold story becomes known.We could easily see $3.50 in a $600 oz gold market,$7 in a $1,200 gold market and so on.When gold fever hits ,oh my.
Peak Gold! Peak Oil and Peak Gold
by Roland Watson
As someone who has kept track of the "Peak Oil" movement for a few years now, it comes as no surprise that oil prices have risen nearly six fold since they hit rock bottom in the late 1990s. Does this mean Peak Oil has already arrived? Not necessarily, but we note that a final peak in global oil production needs to be preceded by a continual decrease in excess crude oil production capacity. When capacity reaches zero, then Peak Oil arrives. That capacity has been dropping now for several years.
But what can that current debate about oil teach us about gold? Gold, like oil, has been continuously rising in price for five years. Admittedly, its performance has been poor compared to oil, but does this price mechanism also indicate the mining equivalent of reducing "excess spare capacity" and is it also a prelude to "Peak Gold"? My conclusions led me to believe that these two commodities are similar in terms of a Hubbert's Peak analysis and in terms of the effects of a peak in global production.
Firstly, Peak Oil based on Hubbert's theory of oil production versus reserves states that production goes into decline at about the halfway point of remaining reserves. How does this play out for gold? Based on the United States Geological Survey's 2006 summary for gold, about 152,000 tonnes of gold has been mined out of the ground since man first dug out those shiny yellow nuggets.
Furthermore, the USGS estimates a remaining reserve base of 90,000 tonnes. So, from the point of view of peak being the halfway point of reserves, gold should have peaked at a remaining reserve base of 121,000 tonnes (152,000 plus 90,000 divided by 2). When was this the case? Backtracking 31,000 tonnes of global mining output gives us the year of 1993.
However, a look at the graph below of global mining production shows that gold output merely dipped in 1993 as recession hit the Western nations and then resumed a climb to a new high in the year 2000 (which has not been exceeded since). Now, despite climbing gold demand, mine output has been in decline since then.
Does this imply 2000 was the global peak in gold production? That would mean that out of a 4000-year time range of gold production, we have a seven-year error in estimating the peak, which doesn't look so bad after all!
But we have to understand that just like oil reserve figures, figuring out how much gold has ever been mined and how much remains under the ground in an inexact science. What we can be sure of is that the numbers we are using have never been more accurate as man's knowledge of the earth has increased.
Another evidence of a commodity production peak is falling supply in the face of rising prices and demand. In a free market, supply should increase to fulfill demand or demand has to fall. For some years now, the difference between new mine output and demand has been filled by scrap recycling and above ground stockpiles. However, this is where the peak argument gets contentious as the 1990s cutback in exploration is given as the explanation for the recent decline in production.
A similar argument is given to partly explain the tightness in oil supplies today. Oil plummeted from $25 to $10 a barrel between 1996 and 1998. Exploration budgets were cut and we are apparently suffering the consequences today. Okay, perhaps, but that argument is beginning to wear a bit thin after seven years and prices still at all time highs. Likewise with the production of gold, how long does it take to re-open uneconomic mines and get new ones up and running? Seven years and counting and once again prices are still at multi-decade highs.
But perhaps the most important warning sign of a commodity peak are major producing countries individually peaking before the overall global peak. In the case of oil, the USA, China, Britain, Norway and Mexico amongst a host of others are at or past their national peak of oil production. We only await the Middle East countries and Russia to join them and complete the picture.
In the world of gold producing countries the picture is quite clear if we examine an interesting chart produced by the World Gold Council. If the reader clicks to that page (http://www.gold.org/value/markets/supply_demand/mine_production.html) and scrolls halfway down they will observe the multi-colored graphics for each major country and region.
South Africa peaked at least 25 years ago yet is still the main producer. The USA and Australia peaked in 1992. Latin American countries excluding Peru also peaked in 1992. China peaked in 1996. African countries excluding South Africa peaked in 1998 and Russia peaked in 1996. These regions when combined currently produce 70% of the world's gold. If this 70% declines at 4% per annum then the other 30% has to increase production by 9% just to keep up. This is not a pretty picture - unless you hold gold.
Just like oil, the relatively few "giants" of gold production are being replaced by a host of smaller "minnows". Just like oil, gold explorers are finding less gold in lower grades of quality. In terms of oil, the gold Ghawars and Cantarells have long been discovered and exploited. It is now basically a mopping up operation at the edges of exploration.
It seems to me that Peak Gold may well have arrived. When Peak Oil arrives as well, then Peak Gold will be confirmed because increasingly higher energy costs will make many mines uneconomic and gold above ground will become far more expensive than gold shut in underground. Unless, of course, gold vaults into the thousands of dollars to offset energy costs!
This is what we call the "New Era" of investment. It is an era when hard assets will no longer be taken for granted and seen as cheap and easily accessible. They will become rarer and harder to extract and will remain so for decades to come.
Roland Watson writes the subscription newsletter New Era Investor. For further details, please go to www.newerainvestor.com for his latest entries and click on the "View Sample Issue Here" link to the right. Comments are invited by emailing the author at newerainvestor@yahoo.co.uk.
Talk Back
Roland Watson
http://www.newerainvestor.com/
Copyright © 2005-2006 New Era Investor
http://www.safehaven.com/article-5017.htm
AURC @ .20 =$3.00 oz gold for AURC's 7 mil oz gold in the ground........way too cheap!
"per capita supply of gold at the present time(2000) of 0.58 ounces, less than one ounce per person."...."Let's assume that only one third of the people living on our earth are wealthy enough to own gold. That leaves us with two billion people. Using this population figure with the 108,000 tons available gives us a per capita number of about 1.7 ounces of gold per person"..."Based upon reliable data, we can forecast a range of dates (10 to 20 years out) when we will run out of new gold to mine if present trends continue." http://www.gold-eagle.com/editorials_00/jmiller060700.html
"gold-mining share as a perpetual call option on gold bullion. All analysts recognize the fact that the price of a gold-mining share (but no other type) has a built-in option premium. Gold-mining shares normally trade at a premium over book value. The book value of a (debt-free) gold mine is defined as the value of gold represented by its payable grades of ore plus plant and equipment minus extraction costs. Unlike in base metal mining, depreciation of payable ore reserves is conspicuous by its absence. No one has attempted to provide a scientific explanation for the fascinating phenomenon how gold-mining shares manage to defy the law of gravity. The sole reason for the option premium is the fact that gold is the monetary commodity, a distinction shared by no other. Stockholders bid up the stock price to the point where it will reflect the full option premium, provided that managers operate the mine most conservatively, that is, they maximize the life-span of the mine rather than profits."....."In a well-managed gold mine only marginal grades of ore are exploited. It is remarkable and important that economy can be further enhanced by processing a blend of marginal and submarginal grades of ore. Thus the value of submarginal grades, normally considered to be zero, becomes positive even without assuming higher gold prices in the future. Another source of the option premium is the balance-sheet concept of gold. The fact is that gold is kept in the asset column of the balance sheet of individuals and institutions without any promise of return to capital. No other asset is treated in this fashion. Why? Because gold is the only financial asset that can balance a liability without itself showing up as a liability in the balance sheet of someone else. That someone else may happen to default, leaving one holding the bag. This makes gold the ultimate agent of portfolio insurance. It makes little sense to talk about the day-to-day "performance" of an insurance policy. Performance comes after disaster has struck. Likewise, it makes little sense to talk about performance in relation to a gold stock, except as a measure of the extent to which the full option premium is realized. And this depends solely on how conservatively the gold mine is managed" http://www.financialsense.com/editorials/fekete/2003/0823.htm
Min target AURC=$1.30(7.1m oz gold x$600oz=$4.26B in the ground...assume a low premium of 3.5%=$149m which=1.31 a share with an OS of 113m.As the market premium rises and the price of gold rises $1.31 will be cheap cheap for this stock.If gold hits $4,000 and the premium is 30% and the OS is 400m the share price for AURC would be $21.30.This could happen in the late stage of a 10-20 year gold bull market.In other words,the risk/reward for AURC is fantastic below $1.00 IMO.
email from etrade:re certs,Thank you for your email concerning your CMKX shares. We apologize for
the delay in response and for any inconvenience or confusion in the
matter. Your CMKX certificate request for your account has been sent to
the CMKX Transfer Agent. We are currently waiting for the Transfer Agent
to send your shares to us. We cannot print certificates at E*TRADE
Securities; they must be ordered and received through the transfer agent.
Individual brokerage firms are not able to escalate requests or make the
transfer agent process the certificate requests faster. I apologize if
there was any confusion in the matter. Once they are received, we will
mail them to you. Please allow 3-7 business days for delivery from that
point. Once the shares are sent to you, the CMKX shares will no longer
show online under Trading and Portfolios>Portfolios.
The Transfer Agent for CMKX required us to submit all CMKX certificate
requests at the same time (in bulk). Unfortunately, individual requests
could not have been made. The Transfer Agent is sending the completed
certificates to us in batches. Once we receive them, we will mail them
out. As the Transfer Agent is sending out the certificates in different
batches (not all at one time), some holders of CMKX may receive their
certificates before others.
Based on new information from the CMKX Transfer Agent, we now
anticipate the certificate to be delivered before 1/30/06 (per CMKX, this is the
new cutoff date for receiving faxed copies of certificates).
Originally, the transfer agent set a delivery date of 12/31/05. However, due to
the very large number of requests for certificates from the CMKX
transfer agent, the transfer agent concluded they would not be able to
complete all certificate requests by the original deadline. Therefore, they
extended the deadline to 1/30/06.
It will be sent to your address, as posted online under Accounts>My
Info, and your account will be debited $40 for the certificate processing
fee. Unfortunately, as the shares are being sent from the transfer
agent, we will not be able to provide you with a step by step progress for
your request during the interim. I apologize for any inconvenience.
We do not have validated public information in regards to a cash or
stock dividend payout or tender offer for CMKX common stockholders. We
cannot confirm or comment on any speculations developed thus far
concerning this matter. However, any possible payouts received from CMKX in the
future will be sent directly to you, as the holder for the CMKX
certificate.
Certificates are being mailed automatically (as long as the shares are
held in a non-retirement account). For additional information, please
contact CMKX directly at 1-306-752-3755 or click on the following links
(please note that these links are provided for information purposes
only; we cannot validate the information contained):
http://www.cmkxownersgroup.com/CompanyPR11-4-05.pdf
http://biz.yahoo.com/pz/051205/90706.html
You may also contact the transfer agent at:
First Global Stock Transfer
7361 Prairie Falcon Road, Suite # 110
Las Vegas, NV 89128
1-702-656-4919
CMKX was delisted from the exchanges on 11/1/05, as CMKX's registration
was revoked by the SEC. This means that CMKX is no longer trading and
will not have a true value.
Unfortunately, as we are awaiting delivery of your shares from the
transfer agent, we will be unable to provide you with an exact delivery
date or send your certificate to you faster. I apologize if there was any
confusion in the matter. We appreciate your continued cooperation and
patience. In the meantime, please let us know if you have any other
questions or concerns. Thank you.
As always, thank you for choosing E*TRADE FINANCIAL. If you have
additional questions or need assistance, visit our Help Center at
http://www.etrade.com/helpcenter, or give us a call at 1-800-ETRADE-1
(1-800-387-2331) between 7 a.m. and midnight ET, seven days a week. From
outside the U.S., please call +1-916-636-2510. We look forward to
serving your investing, banking, and lending needs for many years to come.
Sincerely,
Sue Maher
Financial Services Representative
E*TRADE Securities LLC
CMKX THOUGHTS! Interesting post from Phxgold
Interesting post from Phxgold - proboards 57
Before anyone yells the sky is falling
lets see if any of these key questions we have been
asking forever can be answered by this PR
1) what is the company doing? (we now know what the
Task force is doing)
2) Is the company negotiating any deals settlements
etc? ( we know the TF isnt) but what is the company
doing?
3) If Stoeklein is representing the shareholders and
the task force who is representing the company?
4) Is there any more assetts for us? will there be?
and lastly did the company answer any of those
questions or did our representatives being the task
force answer to the best of their knowledge what is
going on?
5) What is the Task forces primary mission and does it
as an entity speak for the company or only for itself
as an entity?
Just remember Maheu has been announced as not being
employed by cmkm frizzell has stated such and now it
is confirmed the same with stoeklein. none of these
entities are representative of cmkm neither is the
task force as an entity. remember they are not
sonoymous.
Just some thoughts
"There is an appointed time for everything, and a time
for every affair under the heavens" Ecc 3,1
http://forums.christiantraders.com/viewthread.php?tid=5515
EVERY WORD (re: Task Force/CMKM PR) is sacred.
The damage this MAJOR NSS position against CMKM
Diamonds, Inc. could do (with all of it's U.S.
Financial Market implications and "Good Ole' Boy"
reputations and lifestyles that could be destroyed if
an admission or proof of guilt was made known to the
public)...in conjunction with many years of the SEC
quietly protecting their "Good Ole' Boy" cohorts
IMO...has created an environment where The CMKM Task
Force/CMKM Diamonds, Inc. MUST cross every "t" and dot
every "i" in EVERY PR to maximize success for The
Company/Entity and it's Shareholders (Us). If the CMKM
Task Force EVEN slips one word of what has or what is
REALLY happening behind closed doors between ALL
parties...SEC, DTCC, The "Manipulators", The CMKM Task
Force/CMKM Diamonds, Inc.,etc., etc. ...ALL DEALS ARE
OFF IMO!
If Maheu alone or in conjunction with The CMKM Task
Force or other individuals related to CMKM Diamonds,
Inc. can bring these high powered entities/individuals
together and to the table...it will only be because
there is "AN AGREEMENT" whereby the least damage
occurs to each opposing entity/individual
involved...and that the "blatant criminal
manipulation" is concealed to the the "lay" citizens
of America and to the World for that matter. Do you
get it CMKXers...one slip "of word" in a PR could open
up a door of hell to the opposition and slam the door
on us. It is indeed an eggshell game...and we have not
broken an egg yet IMO. If done properly, we (as CMKX
Shareholders) can win financially and have our New
Company/Entity continue as a mining giant.
I will say this over and over again...A "SETTLEMENT"
WILL NOT BE CALLED A SETTLEMENT (IMO) WHEN ALL IS SAID
AND DONE...in order to conceal and as AN AGREEMENT
with the "Manipulators"...hence the CMKM Task Force PR
stating distributing of any CMKM assets to "Bona Fide"
shareholders. Sound like another way to say
"settlement" monies to me.
All of the above is IMHO...so please take it as such.
God Bless those with "Righteous" intent!
Peter
(Dxild)
ahaxton
Family Member
--------------------------------------------------------------------------------
Posts: 13
Registered: 1/14/2006
Member Is Offline
posted on 1/20/2006 at 08:45
and now we gotta wait till march and who knows how
much longer after that. so the truth is out of our
reach for a few more month atleast
http://forums.christiantraders.com/viewthread.php?tid=5516
Can 12,000,000 shares make a difference?
« Thread Started on Today at 2:51pm »
--------------------------------------------------------------------------------
Could 12,000,000 CMKI shares "awarded" between 1998
and 2001 have had a significant effect on what
happened to CMKX in 2004?
It's possible...
(1) when they are deferred compensation stock awards,
(2) with a 5 to 10 year term execution term,
(3) protected by an anti-dilution clause,
(4) representing as much as 40% of the O/S at time of
award, and
(5) when control is purposely hidden from future
investors, officers, and business associates
I'll pose the following for discussion:
(1) There is enough evidence to look into the
possibility that an individual or very small group
took at least 40% control of CMKI in the very early
stages of CMKI (if not from the very beginning), via
the issuance of unregistered and deferred compensation
stock grants (meaning the shares were awarded to the
"holder", and considered part of the outstanding for
reporting purposes, but the actual issuance was
deferred), primarily through S-8 grants, where the
individual or group had the option of when to elect
the issuance of these shares.
(2) There is enough evidence to look into the
possibility that the "holders" of these shares used
multiple trusts and front companies, each holding a
small percentage of the controlling person(s) total
ownership, as a means of (a) evading the beneficial
ownership reporting requirements, and (b) hiding the
control from those who chose to do future business
with the company (including investors).
(3) There is enough evidence to look into the
possibility that this ~40% (or more) “unissued”
control of the corporation sat dormant, and hidden,
sometimes as long as SIX YEARS, until it was
strategically used, beginning sometime in 2003 and
ending sometime in 2004.
To clarify, I’m not arguing that this person or group
controlled no more than 40% of the corporation, but
that some portion of their ownership/control was
gained between 1998 and 2001 (prior to the FALC
merger) using deferred stock protected by an
anti-dilution clause. Any shares they received or
purchased through other means (or using similar means
after 2001) would increase their majority ownership,
quite possibly above 50%.
Let’s look at some historical information:
CMKI reported 30,561,038 shares outstanding as of June
13, 2001 (per their DEF 14A).
If you look at the Master Shareholder list, it shows
that only 16,555,109 shares were issued as of June
13th, 2001.
So the total reported shares outstanding exceeds the
total reported issued by about 14,000,000 shares on
6/13/01.
It is possible that the 1998, 2000, and 2001 S-8’s
reconcile the difference. These 3 Equity Plans
registered a combined total of approximately
14,000,000 shares, which could be used (in general) to
issue either employee stock-options, or deferred
compensation grants to others. It appears these
14,000,000 shares were shown as "outstanding" only for
reporting purposes, but were not "issued" at the time,
only "awarded" under the S-8's. The filings indicate
that Samual Singal, then the President of CMKI (an
employee) was issued 2,000,000 shares (pre-split)
under the plan. But 100% of these shares were executed
by Singal in August of ‘01, and the master shareholder
list accounts for all issuances of shares to Singal,
as reported in CMKI’s filing.
This leaves 12,000,000 S-8 shares, at least ~98% of
which were awarded to non-employees, and subject to
the deferred compensation stock and anti-dilution
provisions.
Why is this worth looking into? It is worth
considering because of the possibility that these 12
million shares, when considered together, represented
and un-dilutable right to 40% control in the O/S,
whenever the owner(s) chose to execute the issuance of
the shares, and irrespective of what the issued was at
that time.
« Last Edit: Today at 4:18pm by rbitulsa » Logged
rbitulsa
Kimberlite Rookie
member is offline
Joined: Nov 2005
Posts: 5
Re: Can 12,000,000 shares make a difference?
« Reply #1 on Today at 2:53pm »
--------------------------------------------------------------------------------
We don’t have to look further than Tinto Inc. and
Duval Inc. to see the damaging effects of such hidden
and anti-dilutive stock awards.
(A) Review the initial SEC filing for CMKI (the
10SB-12G filed on 8/3/1999, when CMKI was a holding
company for CM300 showing:
Name of Beneficial Owner Owned Outstanding
- - --------------------------- ------------
-----------
Samuel Singal. . . . . . . . . . . . . . .
4,130,000(1) 67.7%
Chancery Corporate Services. . . . . . . .
1,000,000(2) 16.4%
(2) The address for Chancery Corporate Services
("CCS") is Nassau, Bahamas. CCS is the corporate
trustee with full voting and dispositive authority for
the trusts which own Tinto Inc. and Dungavel Inc. Each
of Tinto Inc. and Dungavel Inc. own 500,000 shares of
Common Stock.
(B) Compare against the master shareholder list in the
relevant period – no record of any issuance to Tinto
or Dungavel during that time period.
(C) Review this excerpt from the DEF14A on 6/23/2000:
"Section 16(a) Beneficial Ownership Reporting
Compliance…” the Company believes that, during the
fiscal year ended December 31, 1999, the filing
requirements applicable to its executive officers,
directors and ten percent shareholders were not
fulfilled or not fulfilled on a timely basis."
(D) After this filing, there is never a mention again
of Chancery, Tinto, or Dungavel –
(E) 3-1/2 years later in January of 2004, almost 6
years after the incorporation of CMKI, and long after
the death of CM300 and the exodus of Samuel Singal,
long after the transfer of the corporation to Jarvis,
and from Jarvis back to “The Vegas Group”, Tinto, Inc.
and Dungavel (aka “Duval Inc.”) make their stealth
re-appearance on the CMKX T/A list. Tinto & Duval’s
combined shares move from 1,000,000 shares (granted)
in ‘99, to zero shares (reported) in 2000, to 35
Billion shares (issued) in January 2004 (note: equal
to about 16% of the O/S at the end of January), to
zero shares (held in cert) by June of 2004
(Interestingly, both Tinto and Duval surrendered the
last of their shares on the day Edwards and Angel was
named as our counsel).
(6) The question remains, were there possibly
12,000,000 other shares out there with the same type
of destructive ability to collectively affect a
increase in the O/S by as much as 40%, and at the
holder’s time of choosing? Were these agreements
properly disclosed? The 34,999,000,000 gain in shares
by Tinto Inc., and Duval Inc. represents just 2 of
more than 80 such “front companies” which can found on
our master shareholder list in 2003 and 2004; some of
which may have been granted (or transferred) similar
deferred and anti-dilutive awards.
Other questions to ask are: Why would a
dead-in-the-water company (CM300) incorporate in the
U.S., register its shares, and issue a controlling
interest through deferred compensation anti-dilutable
shares? What is the benefit to be gained?
I would suggest that we consider the possibility that
Singal’s CM300 Corp was financed by a group from Vegas
going as far back as 1996.
I would suggest that in 1998, when it was evident that
CM300 (a “computer gaming company” based in Toronto)
was failing, with inadequate assets available to cover
the Vegas Group’s loans, these financiers concocted a
plan to move CM300 into a U.S. shell, converted the
CM300 loans into deferred shares with anti-dilution
protection, moved Singal and the CM300's remaining
assets out the door, and began the search for a “mark”
to move into the shell.
I would suggest that from 1998 through at least the
end of 2003 (and possibly well into 2004), these same
Vegas financiers maintained control of the CMKI/CMKX
shell, via their past S-8 awards and other similarly
dilutive and sometimes-hidden financing arrangements.
I would suggest that the reason that a single
preferred share was created and used to “transfer
ownership” of the corporation from Singal to Jarvis,
then back to the Vegas financiers, is because the use
of a preferred share allowed the financiers to keep
their deferred share awards hidden and intact.
We know with some level of certainty from past filings
that Ian McIntyre was from Toronto and was “a
consultant in the computer game industry” in the 90’s.
We know that Ian McIntyre was the signatory on at
least several of John Edward’s front companies. We
know with some level of certainty that John Edwards
controlled Tinto, Inc. and Duval Inc. And we know that
Ian McIntyre was the sole officer and director for
over a year following Jarvis’ “sale” of CMKI back to
the Vegas financiers. We know with some level of
certainty that Urban Casavant did not “buy” the CMKI
shell. Rather, according to Jarvis (and other
information), it was the Vegas group of CM300’s
financiers who purchased CMKI back from Jarvis (after
Jarvis figured out the shell was corrupt) in late
2001; CMKI was completely dormant for almost a year,
before merging Urban’s FALC claims into the shell in
late 2002. We know with some level of certainty
(according to the DEF 14C) that the Vegas financiers
had financed Urban’s acquisition of the FALC claims
between March and September of 2001. We know that this
same group forgave over $10,000,000 in financing, in
exchange for 85.8% of the outstanding stock (over 96%
of it newly issued) at the time of the issuance, in
late 2002.
At the time of the merger between CMKI and the FALC
claims, was UC made aware of the hidden,
non-dilutable, deferred compensation stock awards from
1998 through 2001? We know that when Urban moved the
FALC claims into the CMKI shell, the auditor,
attorney(s), and CFO were all “provided” to him, and
all of these critical people were affiliated with John
Edwards. Aside from the 35 billion in deferred stock
executed by Tinto and Duval in January of 2004, how
many of the remaining shares issued in 2004 might have
been issued based upon other hidden, anti-dilutive
deferred stock agreements? Did you and I pay the
Vegas’ group back for their failed loans to CM300? How
much profit did they receive as a result of their
deceit?
It was always interesting to me that the repurchase of
shares from ’03 and ’04 were, in total, almost exactly
equal to the number of post-split shares received by
Urban’s lenders in the FALC merger. The appearance, at
least, suggests Urban was attempting to buy the
financiers out of CMKX, and possibly take the
corporation private. Was Urban being deceived by his
Chief Financial Officer and others about the true
nature of Urban’s control in CMKX? Did Urban discover
in early 2004 the real nature of his limited control
of CMKX? It is my opinion that the Brian Dvorak letter
to 1st Global in early 2004 suggests just that. It is
my opinion that the “Dvorak letter” provides a pivot
point in the CMKX timeline; a fight for control,
perhaps.
Most of want desperately to know what went on in 2004
and 2005. And no one I know has figured it out yet.
Never-the-less, if we are ever to truly understand
what happened after Edwards and Angel came on board
(for example), we must try to get a grasp on what
happened in the past, and why. No one can truly know
what happened behind the scenes from 1996 to 2004. And
CMKI/CMKX isn’t known for it’s openness. Which leads
us to search for information on our own, and make
judgments about our findings, which is what I have
done here, and offered up for further discussion.
Corrections and diverging opinions are welcome.
« Last Edit: Today at 3:36pm by rbitulsa » Logged
rbitulsa
Kimberlite Rookie
member is offline
Joined: Nov 2005
Posts: 5
Re: Can 12,000,000 shares make a difference?
« Reply #2 on Today at 2:56pm »
--------------------------------------------------------------------------------
Excerpts from CMKI’s 2001 S-8, and from the follow-up
DEF 14A
"Holder" means a person who has received an award
under the Plan.
"Nonqualified Stock Option" means any Stock Option
that is not an Incentive Stock Option.
"Deferred Stock" means Common Stock to be received,
under an award made pursuant to Section 8, below, at
the end of a specified deferral period.
"Stock Appreciation Right" means the right to receive
from the Company, on surrender of all or part of the
related Stock Option, without a cash payment to the
Company, a number of shares of Common Stock equal to
the SAR Value divided by the Fair Market Value (on the
exercise date).
Excerpts from CMKI 2001 Performance Equity Plan (S-8
Filing):
Common stock issuable…under the 2001 Performance
Equity Plan
10,000,000 $.12(1) $1,200,000
(1) Based on the last sale price of a share of our
common stock…on May 15, 2001
(2) Pursuant to Rule 416, there are also being
registered additional shares of common stock as may
become issuable pursuant to the anti-dilution
provisions of such plan.
Excerpt from the 2001 DEF-14A (relating to the S-8):
The 2001 Plan authorizes the granting of awards, whose
exercise would allow up to an aggregate of 10,000,000
shares of Common Stock, to be acquired by the holders
of such awards.
In order to prevent the dilution or enlargement of the
rights of holders …the 2001 Plan is subject to
equitable adjustment in terms of any award (both of
shares and price) by the board of directors in the
event of any increase or decrease in the number of
shares of outstanding Common Stock …
Excerpts from CMKI 2001 Performance Equity Plan (S-8
Filing):
The Plan shall be administered by…to the extent
possible…"non-employee directors"…and "outside
directors".
The Committee shall have full authority to
award, pursuant to the terms of the Plan: (i) Stock
Options, (ii) Stock Appreciation Rights, (iii)
Restricted Stock, (iv) Deferred Stock, (v) Stock
Reload Options and/or (vi) Other Stock-Based Awards.
select the officers, employees, directors and
consultants of the Company or any Subsidiary to whom
Stock Options, Stock Appreciation Rights, Restricted
Stock, Deferred Stock, Reload Stock Options and/or
Other Stock-Based Awards may from time to time be
awarded hereunder.
permit a Holder to elect to defer a payment under the
Plan under such rules and procedures as the Committee
may establish, including the payment or crediting of
interest on deferred amounts denominated in cash and
of dividend equivalents on deferred amounts
denominated in Common Stock;
…the Committee may, in its sole discretion, at the
request of the Holder, deliver upon the exercise of a
Nonqualified Stock Option a combination of shares of
Deferred Stock and Common Stock; provided that,
notwithstanding the provisions of Section 8 of the
Plan, such Deferred Stock shall be fully vested and
not subject to forfeiture.
…a Holder, with the approval of the Committee, may
transfer [Non-Qualified Stock Options]…by gift, for no
consideration, or… to or for the benefit ofthe
Holder's "Immediate Family"…or [to] a trust in which
these persons have more than fifty percent beneficial
interest, and a foundation in which these persons (or
the Holder) control the management of the assets.
The Plan is intended to constitute an "unfunded" plan
for incentive and deferred compensation. With respect
to any payments not yet made to a Holder by the
Company, nothing contained herein shall give any such
Holder any rights that are greater than those of a
general creditor of the Company.
Option Term. The term of each Stock Option shall be
fixed by the Committee; provided, however, that an
Incentive Stock Option may be granted only within the
ten-year period commencing from the Effective Date and
may only be exercised within ten years of the date of
grant (or five years in the case of an Incentive Stock
Option granted to an optionee who, at the time of
grant, owns Common Stock possessing more than 10% of
the total combined voting power of all classes of
stock of the Company ("10% Shareholder").
"There is an appointed time for everything, and a time
for every affair under the heavens" Ecc 3,1
WWJDthrume
Super Administrator
--------------------------------------------------------------------------------
Posts: 1389
Registered: 10/13/2004
Member Is Offline
posted on 1/20/2006 at 03:55
That is a GREAT post and has the true background that
sets up where we are today.
Putting that together with the cases related to Shawn
Hackman back in court on 1/13/06 and you see a mirror
of what looks to have happened in CMKX.
The progress is SLOW but I think we are getting
somewhere.
There have been 44,000+ certificates issued and only
15,000+ faxed in. Two thirds not faxed in. Peculiar to
say the least.
IMO-Debi
29,000 children die every day of starvation and hunger
related diseases....but not on a day of hope....visit
http://cmkxdayofhope.proboards37.com
http://forums.christiantraders.com/viewthread.php?tid=5513
Please post positive spin to PR here!
« Thread Started on Yesterday at 10:04pm »
--------------------------------------------------------------------------------
Nothing has really changed, IMO....assets to be
distributed...does anyone have any idea just how many
acres we still have under our control? TIA
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MineralsRus
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Re: Please post positive spin to PR here!
« Reply #1 on Yesterday at 10:08pm »
--------------------------------------------------------------------------------
"Positive Post Spin'"
How's that?
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starseed
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Re: Please post positive spin to PR here!
« Reply #2 on Yesterday at 10:12pm »
--------------------------------------------------------------------------------
sounds good to me....I just don't understand why the
PR couldn't have been more positive in some way...it
was blah and kind of depressing....
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MineralsRus
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Re: Please post positive spin to PR here!
« Reply #3 on Yesterday at 10:16pm »
--------------------------------------------------------------------------------
Have some lemonaide....
I promise. you'll see the positive.
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mcup385
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Re: Please post positive spin to PR here!
« Reply #4 on Yesterday at 10:55pm »
--------------------------------------------------------------------------------
The PR was very carefully worded, replete with
purposeful repetition, rife with focused ambiguities,
and laced with pointed comments... all in all well
done, and would deserve an A in a Business Writing
class.
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--------------------------------------------------------------------------------
You, sir, are sadly mistaken. I, for one, am
definitely Bonafide!
MineralsRus
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Re: Please post positive spin to PR here!
« Reply #5 on Yesterday at 11:40pm »
--------------------------------------------------------------------------------
Yesterday at 10:55pm, mcup385 wrote: The PR was very
carefully worded, replete with purposeful repetition,
rife with focused ambiguities, and laced with pointed
comments... all in all well done, and would deserve an
A in a Business Writing class.
Beautiful!
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ilikescott
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Re: Please post positive spin to PR here!
« Reply #6 on Yesterday at 11:41pm »
--------------------------------------------------------------------------------
The more negative the PR. The more Money we will
receive from shares and divys'...
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sjk888
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Re: Please post positive spin to PR here!
« Reply #7 on Today at 3:18am »
--------------------------------------------------------------------------------
I hope someday soon (I mean really really soon) we
have one good PR that we don't need to put any effort
to decipher every each line. I did't mean this was a
bad PR though.
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duknautmn
Diamond Discoverer
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Posts: 291
Re: Please post positive spin to PR here!
« Reply #8 on Today at 3:45am »
--------------------------------------------------------------------------------
I think we are still like a public company (even
through we are in revocation and delisted ) until we
do have all shares in certificate form. Then the
shares will be in our custody and no one will know
squat. There is a positive to the cert pull being
extended. Right now, there are so many shares in limbo
and if the cert pull was not extended, the rest who do
not have their certs probably wouldn't get them ( with
what has been going on ). Thank God they are sticking
by those who do not have theirs yet. In the full
picture, it benefits the company and us to have every
share in cert because there is no way that SHORTY or
any other manipulator could possibly short the shares
that are in our possession on cert. Also all future
stock dividends will come automatically in cert for
since you will have your CMKX ( the source ) already
in cert form. So with the possible conglomerate, with
all of those companies involved, we will get stock
divvy's for all of those companies in cert form too.
We get first dibs before shorty and with the
possibility of most shareholders holding on to their
certs for the long haul. It was said by Casavant or
somebody way back that we will get nice cash divvy's
for all the stock that we continue to hold. Pretty
much this is like the scenario of De beers way back
going private and those shareholders locked in made
some made money. Once this cert pull is done, we will
be like a private company, getting all of these cash
divvy's forever, for the ones that choose to hold onto
their stock. CMKX gets a 10% lifetime royalty,
quarterly or annually off of CIM. If we hold onto CIM,
I would guess that there would be a cash divvy there
too. And don't forget the possible settlement money
before all of this takes place. I have gone off on a
tangent but all I see is that once this cert pull is
done we will be sitting pretty. Let the flood gates
open. And the pr said that there most likely may not
be an extension beyond March 15 th. The TA said that
they need until March to get everything done. So lets
just hope that from now to then, approaches fast!!
Cheers to all!!!
« Last Edit: Today at 4:19am by duknautmn » Logged
Cypress Hill
TDEM Flyover Pilot Level 1
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Posts: 1,116
Re: Please post positive spin to PR here!
« Reply #9 on Today at 7:42am »
--------------------------------------------------------------------------------
More and more believing that there will NEVER be a
so-called settlement. Never.
And that is not a bad thing either .... money will
exchange hands .... from lawyers to lawyers .... and
money, when we absolutely least expect it, will show
up in our hands.
How much???? Anyone's guess but my guess is between a
nickle and a dime per share. No fanfare, no media
blitz .... just you signing a form that shuts you up
and you are compensated very nicely.
There will be more to come down the line with
royalties and the new IPO but the bulk of it will show
up in an envelope in the middle of the night. Well ...
not like that ... but it isn't coming like Ed McMahon
pulling up in a van with a billboard check either.
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--------------------------------------------------------------------------------
People once believed that when someone dies, a crow
carries their soul to the land of the dead. But
sometimes, something so bad happens that a terrible
sadness is carried with it and the soul can't rest.
Then sometimes, just sometimes, the crow can bring
that soul back to put the wrong things right.
fishing4diamonds
Administrator
Never argue with an idiot. They'll beat you down to
their level, and then win with their experience.
member is online
Always listen for the "chirps"
Joined: Nov 2005
Posts: 10,350
Re: Please post positive spin to PR here!
« Reply #10 on Today at 8:51am »
--------------------------------------------------------------------------------
We're doomed. I'm selling.
j/k You either believe or you don't.
If you don't, oh well. I didn't for a while. Not a
nice place to have to be or feel.
You can walk into the light or walk into the darkness.
It's all about choices.
nuff said
f4d~
http://cmkxunitedforum.proboards70.com/index.cgi?board=general&action=display&thread=1137726...
About the subpoeans to TF members
« Thread Started on Yesterday at 7:59pm »
--------------------------------------------------------------------------------
FWIW
By: 048
19 Jan 2006, 04:44 PM EST
Msg. 298242 of 298336
Jump to msg. #
SEC subpoena issued to TF's individuals
is imo, another attempt to stiffle the pending
explosive news of CMKX huge NSS situation.
It is imperative the TF does not admit to any other
reason for the Cert Pull, other than for the
distribution of Entourage shares to CMKX Bona Fide
Shareholders.
I believe with evidence of a NSS situation in hand,
obtained not by a deliberate attempt to show up the
DTCC or the SEC, ("in your face") who claimed no such
NSS position exists, but by a process to ensure
shareholders obtain Entourage shares, and to which
they are legally entitled, the SEC or any other
regulatory body, including the courts, have no choice
but to accept this 'new found evidence' as reason for
Court Proceedings or 'private settlement'. It is a
situation I call smirkingly, 'Collateral Damage'.
I understand the TF's press release emphasizes the
reason for the current Cert Pull. I believe it has no
other choice but to stress its main reason at this
time; but if we consider the procedure used by all
companies in the past to distribute shares or divvys
to shareholders, we will find that no undertaking to
'PULL'has ever been as massive and in depth as what we
are currently experiencing.
My feeling is, we will see the real reason and action
when this NSS situation is proven beyond a shadow of
doubt.
Larry
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--------------------------------------------------------------------------------
A human being is a part of a whole, called by us
universe, a part limited in time and space. He
experiences himself, his thoughts and feelings as
something separated from the rest.. a kind of optical
delusion of his consciousness. This delusion is a kind
of prison for us, restricting us to our personal
desires and to affection for a few persons nearest to
us. Our task must be to free ourselves"
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Re: About the subpoeans to TF members
« Reply #1 on Yesterday at 10:06pm »
--------------------------------------------------------------------------------
Thanks for posting....great post..IMO
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georger
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Re: About the subpoeans to TF members
« Reply #2 on Yesterday at 11:10pm »
--------------------------------------------------------------------------------
carats4me thanks for this post which once again shines
a beaming light.
Since the Halloween Surprise (circa 2004), seems as
though SEZ has jumped in (interupted) everytime that I
was expecting news from CMKM..imo
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duknautmn
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Posts: 291
Re: About the subpoeans to TF members
« Reply #3 on Today at 4:34am »
--------------------------------------------------------------------------------
very true, and what is great, the subpoena from the
SEC, has no power to it. The Task Force is not a
company nor does it have any shares + if what they are
trying to go after is CMKX evidence, well CMKX is out
of their jurisdiction and we have crossed the so
called state line. The only way they could get
evidence is if Maheu gives it to them by his own free
will. We are so in control it is great!!! The SEC
can't derail squat at this point but we can barter
with them so they actually do their job and actually
benefit us for once. ( well besides letting us slip
into revocation but ........)!!
http://cmkxunitedforum.proboards70.com/index.cgi?board=general&action=display&thread=1137718...
I think this may happen
« Thread Started on Today at 12:52am »
--------------------------------------------------------------------------------
Hmmmm..interesting data?
OK where is the 300Billion shares that we fall short
if this data holds true....
RG allowed a 300B increase to let the dirty contract
between the shell manipulators take place hmmmmmmmm.
LOL
Me thinks UC has atleast 300B in that sock drawer of
his..
Unless he is kinky of course and has it tucked in his
girdle
or knee hi's ..
Come on UC come out of the closet and show us that you
are a man!!!
Maybe?
UC has 300 Billion shares tucked away...these shares
will be converted to CIM shares and distributed to the
Bonafide shareholders...
now what does CIM do?
Of course this is all my opinion..
« Last Edit: Today at 12:59am by MineralsRus » Logged
mcup385
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Re: I think this may happen
« Reply #1 on Today at 1:28am »
--------------------------------------------------------------------------------
Methinks the numbers will go up drastically once the
TA starts getting the shares out to the Biggies
(ATrade, ETrade)
http://cmkxunitedforum.proboards70.com/index.cgi?board=general&action=display&thread=1137736...
Maheu's wording and my thoughts...
« Thread Started on Today at 2:23am »
--------------------------------------------------------------------------------
Here are my thoughts... plain and simple
"Any assets available for distribution will be
proportionately distributed to those stockholders who
have complied with the certificate verification
process."
He clearly could just say Entourage shares, right? Why
say, any assets? Here is another very important
sentence:
"Stockholder's certificates are only being utilized to
verify their entitlement to their percentage of the
distribution of CMKM assets, primarily consisting, at
this time, of the Entourage stock."
So, AT THIS TIME, the assets primarily consist of
Entourage shares. Why primarily? Primarily would mean
to me that the Entourage shares consist of the
majority of the assets for distribution, so what else
is there? And saying "at this time" meaning there will
be more or something else in the future? Just trying
to read into what he is saying to us...
There has to be more! 9k shareholders currently
represent 215B shares. The court documents state there
are 50k shareholders, so extrapolating those numbers
clearly shows there is a naked short. Still have to
pull those certs to prove such, and nothing will
happen until all are pulled and removed from the
brokerage accounts (as they state the deadline can be
extended at their discretion, or until all are
pulled).
Frizzell stated they have the updated OBO/NOBO list so
they know who we are and they know how many more
shares are to be accounted for simply from the
requests still waiting to be certed.
Still confident, these guys could of left us high and
dry a very long time ago!
Velvet
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duknautmn
Diamond Discoverer
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Posts: 291
Re: Maheu's wording and my thoughts...
« Reply #1 on Today at 3:19am »
--------------------------------------------------------------------------------
Velvet, you got it!!!
http://cmkxunitedforum.proboards70.com/index.cgi?board=general&action=display&thread=1137741...
Why I Believe We'll Win
« Thread Started on Today at 2:50pm »
--------------------------------------------------------------------------------
Folks,
The CMKX saga has been an interesting one, but I'm
sure you don't need me to tell you that. I, like
everyone else, bought in on the potential of vast
mineral wealth due to the sheer size and location of
the mineral claims. I believe that potential still
exists and may be more developed than we know at this
time. I find it likely that that much of the initial
work was completed by Emerson Koch and Roger Glenn
under the guise of Koch's private companies and CIM
respectively. One only has to look at the speed with
which Entourage completed it's due diligence,
developed a drilling program, received permits, and
drilled it's first holes. Remember that under National
Instrument 43-101, assessment work can be carried out
as well as drilling core samples. Once those samples
are actually tested then the two year clock to report
results on said samples starts ticking.
http://www.ccpg.ca/guidelines/index.html
Bottom line, the legal/NSS play is a completely
separate issue, but is married to the claims. If there
is no valuation then there is no reason to battle the
NSS.
This brings us back to the conception of CMKX and the
dream of Urban Casavant. The following points could
easily take pages of text to explain. However, I'll
keep it short as I've already posted a great deal of
the DD myself and others share.
1) Edwards, Walters, and the Vegas Group buy a shell
and turn it into a vehicle for toxic financing, naked
short selling, and fraud through their financing
agreements.
2) Most of the companies involved with CMKX are
connected through this financing and are suceptible to
the same type of problems only on a smaller scale.
3) Edwards sets out to destroy CMKX in order to take
over the claims, an asset raid if you will. He uses
NevWest Securities as the vehicle to acquire shares
and stay under the 4.9% ownership limit. I wonder if
Casavant knew he controlled all those companies or if
he thought they were just "connections" of Edwards to
obtain financing?
4) The A/S is raised from 200 to 500 billion in order
to pay Edwards his shares when the par value of the
stock is corrected. This is for the "recalculation" of
all the loans.
5) The A/S is raised again from 500 billion to 800
billion to do one of two things. Either Casavant has
figured out he's been screwed by Edwards and needs to
gain the 51% control by issuing so many shares to
people friendly to him. Or he figures out Edwards has
screwed him and has the right team (read IBM, Roger
Glenn, Global Intelligence) to help him setup the bad
guys and catch them red handed by making the company
appear to be incompentent and that they're diluting.
Either way we have the proof, documentation, etc.
6) The dividends force Shorty and the SEC to the
table. CMKX presents it's evidence and let's Shorty
know he's royally hosed. However, the short is so big
that the SEC needs to buy more time and investigate
themselves. This is before CMKX is able to open the
floodgates of information in October 2004 and force a
squeeze through a merger with UCAD. We're now working
with the government on a way out of this mess that
will punish the Shorty, reward the shareholders, and
return the company to the value it should be as if it
were conducting it's primary business. I'm just not
convinced the hearing was really about CMKX's filings.
If it was, why weren't Edwards, DeSormeau, Roger
Glenn, and other key figures in the know called to
testify?
******************************
Here is some additional DD beyond the DEF14C I have
discussed to support some of the conclusions.
First, I needed to know the entity, amount of shares
issued, the date the shares were issued, the amount of
shares surrendered, and the date the shares were
surrendered for the 200 to 500 billion share increase.
03/01/2004 ~ Shareholder List ~ 500B Increase
http://cmkxdiamond.proboards66.com/index.cgi?board=general&action=display&thread=1127257703
By Certificate Number
~~ www.bonesgfx.com/cert.pdf
By individual
~~ www.bonesgfx.com/acct.pdf
**********
Second, I needed to know the entity, amount of shares
issued, the date the shares were issued, the amount of
shares surrendered, and the date the shares were
surrendered for the 500 to 800 billion share increase.
08/18/2004 ~ Shareholder List ~ 800B Increase
http://cmkxdiamond.proboards66.com/index.cgi?board=general&action=display&thread=1127260729
By Certificate Number
~~ www.bonesgfx.com/cert.pdf
By individual
~~ www.bonesgfx.com/acct.pdf
**********
Third, I needed to know any DD that would identify
which of these entities are directly related to John
Edwards, Gary Walters, and the Vegas group.
John Martin did some extensive DD along this area.
This information is available on the Owners Group
Website.
Also this list by Columbo:
http://cmkxdiamond.proboards66.com/index.cgi?board=general&action=display&thread=1128478886
**********
Last, I needed to know any DD that would identify
which of these entities are directly related to Urban
Casavant.
John Martin did some extensive DD along this area.
This information is available on the Owners Group
Website.
**********
What I'm attempting to do is show that the increase in
A/S (200-500 billion) was authorized by Edwards.
UC never controlled the company.
Edwards and his Cronies always controlled the Company.
It was the "evildoers" that voted and approved not
only the A/S increase, but also voted and approved to
pay themselves hundreds of billions of shares.
Not much that UC could do but sign off on the Article
Amendments (being that he was the President).
**********
I believe the correction to the par value of CMKX
shares last year was a way for him to demand ten times
the amount of shares from CMKX. In other words, oops!
We valued our shares at $.001 when they should really
be $.0001. Now you owe me ten times as many shares.
Here are some more documents that you should look
over.
The PAR Value Error occurred on the 12/26/2002
Amendment.
01/18/2002 ~~ http://tinypic.com/e81r9f.jpg
11/26/2002 ~~ http://tinypic.com/e81sb9.jpg
12/26/2002 ~~ http://tinypic.com/e81svo.jpg
Is this why there was a 100-1 Forward Split for only
certain Individuals?
******************************
It appears that Edwards world may be coming down
around him.
Crown was rumored to be one of the entities that
heavily shorted CMKX.
Crown Financial Assigns All of Its Assets for the
Benefit of Creditors:
http://biz.yahoo.com/prnews/051004/nytu154.html?.v=30
**********
From the Crown 10Q October 31, 2004
http://www.sec.gov/Archives/edgar/data/913781/000119312504213877/d10q.htm
9. COMMITMENTS AND CONTINGENT LIABILITIES
The Company has entered into arrangements with
organizations, including clearing brokers, which
provide for indemnification against losses, costs,
claims and liabilities arising from the performance of
their obligations under our agreement, except for
gross negligence or bad faith. The Company believes
the likelihood of a claim being made, the adverse
outcome of which, individually or in the aggregate,
that can be predicted with any reasonable certainty,
could have a material adverse effect on the Company’s
business, financial condition and operating results,
is remote.
10. CAPITAL STOCK
During the three months ended October 31, 2004, the
Company issued in privately negotiated transactions
4,824,244 shares of Company common stock not
registered under the Securities Act for net cash
proceeds of $1,525,000. Shares totaling 4,748,486 were
issued to unaffiliated accredited investors and shares
totaling 75,758 were issued to an executive officer of
the Company.
During the nine months ended October 31, 2004, the
Company issued in privately negotiated transactions
7,031,632 shares of Company common stock not
registered under the Securities Act for gross cash
proceeds of $3,561,101. Placement fees totaling
$35,180 were paid to two placement agents in
connection with this share issuance. Shares totaling
6,302,086 were issued to unaffiliated accredited
investors and shares totaling 729,546 were issued to
executive officers, or family members of executive
officers.
http://www.sec.gov/Archives/edgar/data/913781/000119312504213877/d10q.htm
**********
From the Crown 10K January 31, 2005
http://www.sec.gov/Archives/edgar/data/1318309/000119312505137505/d10k.htm
Financing Activities
The cash inflow from financing activities in fiscal
2004 was due to a combination of seven common stock
private placements totaling $4,995,725, two cash
contributions to equity totaling $1,830,000, a sale of
assets totaling $980,000 and option exercises totaling
$448,698. The first private placement commenced in
February 2003 and raised $340,000 through the issuance
of 377,776 shares to employees. The second private
placement commenced in March 2003 and raised $293,150
through the issuance of 205,000 shares to employees.
The third private placement commenced in March 2003
and raised $2,419,050 through the issuance of
1,612,161 shares to employees, a director and a
private investor. The fourth private placement
commenced in October 2003 and raised $100,000 through
the issuance of 28,986 shares to an employee. The
fifth private placement commenced in November 2003 and
raised $811,650 through the issuance of 348,347 shares
to employees and directors. The sixth private
placement commenced in November 2003 and raised
$110,000 through the issuance of 50,000 shares and
5,000 warrants to a private investor. The seventh
private placement commenced in December 2003 and
raised $921,875 through the issuance of 526,786 shares
to current and former employees, plus a private
investor. The Company took possession of municipal
bonds from J.S.A. Investments LLC that were
subsequently liquidated into cash of $1,700,000 on
October 17, 2003. In May 2003, the Company completed a
transaction with Martin H. Meyerson, the Company’s
former Chairman and Chief Executive Officer, totaling
$1,350,000, whereby he made a $130,000 cash
contribution to equity, he purchased $980,000 of
assets and he reimbursed the Company for $240,000 of
expenditures related to certain regulatory matters.
**********
John Edwards owns 25.7% of Crown's preferred shares.
http://www.sec.gov/Archives/edgar/data/1318309/000110465905032183/xslF345X02/a3.xml
Rissington Investments owns 13.5% of Crown's preferred
shares.
Mining Feasability Capital Corp owns 12.2% of Crown's
preferred shares.
http://www.sec.gov/Archives/edgar/data/1318309/000110465905032187/a05-12132_1sc13d.htm
John Edwards controls Rissington and MFCC. Therefore,
he controls over 51% of Crown.
**********
So why didn't we file and why are we revoked? Casavant
PR'd way back that he'd bought a publicly traded pinky
for it's large shareholder base. We don't have
official confirmation the deal ever went through, but
it is confirmed that this company was PCBM/SRCI.
LoCastro of PCBM went through a series of divies and a
revocation as well. I have good information that
supports the theory that the attorneys for both PCBM
and CMKX performed a stock swap of nearly 20 billion
shares as early as 2002, before the vast tenacles of
toxic financing were discovered. The difference
between the struggles of CMKX and PCBM is that CMKX
has tons more value while PCBM had to rebuild value
over the last year. I believe revocation to lock in
the crooks and perform an accurate accounting of
shares was necessary. The theory goes that once in
revocation, all will happen behind closed doors
including any share divies, settlement tenders, cash,
etc. I believe the lynch pin for this operation was
the documentation of the dilution and then catching
the financiers red handed. Imagine the leverage if
Edwards was forced to cooperate with authorities
against his short selling friends and forced to return
his shares in whatever fashion. I find it very likely
that Casavant Casavant has control of all 600 billion
worth of O/S increases. All one has to do is look at
the links provided above. It might take a little leap
of faith, but to make this work IBM had to force
Edwards to sell his shares back to Casavant while all
other shares were being held by forces friendly to
Casavant. I find it very likely that IBM has used some
of his big money connections to assist. I won't
speculate much here, but I have heard some of these
connections have a very sour opinion of short sellers
and toxic financiers. Basically, it all comes down to
leverage.
I realize you raise issues as to the validity of the
O/S increases and that they were of great concern to
the SEC. However, the SEC ultimately revoked us due to
lack of filing timely reports, not 144 share issues.
At this point, we don't have anything to confirm that
the SEC actually found fault with the share issuances.
In my opinion, the O/S increases were perfectly legal
due to the original financing agreements with Edwards
and the Vegas Group. I believe it's what was done with
the shares after the issuance that is illegal, ie
shorting against said shares. Glenn wrote many of the
opinion letters that removed the restriction to allow
these shares to become free trading for a specific
purpose as stated above. I find no reason to find
Glenn anything other than squeaky clean. After all, he
did work in the enforcement division of the SEC, has
written text outlining the responsibility of corporate
America, and shares a stellar reputation with his firm
Edwards and Angell.
So where does that leave us now? Why the cert pull?
Well, that's a tough question as we're in the middle
of that play. There are too many options moving
forward to pick just one at this point as most all are
excellent for us.
I believe Entourage is basically a leverage maneuver.
I have worked with some other folks to show that the
Entourage dividend can't be covered unless the company
is approached directly and decides to let loose some
additional shares.
703,000,000,000 / 50,000,000 = 14,060 CMKX shares per
Entourage share.
**********
There A/S of Entourage is 100,000,000. Per Columbo's
DD, the A/S of Entourage is already locked up by the
actual O/S plus warrants for additional private
placement.
http://cmkxdiamond.proboards66.com/index.cgi?board=general1&action=display&thread=1130335027...
ETGMF has never sold a single share into the market to
raise capital. All shares in ETGMF can be traced thru
their filings to private placements, options and
warrants connected to those private placements, and
incentive plans. In effect, thru due dilligence, you
will find there is no publicly trading float. The
remainder of the 100,000,000 authorized, after CMKM
distribution, is reserved for warrants granted to
those who recieved the private placement.
undisclosed private placement 6/8/2004
http://tinyurl.com/8sbhy
6/31/2004 O/S 16,925,505 http://tinyurl.com/drfnj
8/5/2004 O/S 13,175,505 http://tinyurl.com/98zr3
9/30/2004 O/S 13,325,505 http://tinyurl.com/btldn
January 7, 2005
CLOSING OF THE PRIVATE PLACEMENT
Entourage Mining Ltd. is pleased to announce that it
has closed a non-brokered private placement of
2,815,500 units at a price of US$0.15 per unit for
total proceeds of $422,325.00. Each unit consists of
one share and one non-transferable share purchase
warrant expiring two years from the date of the
placement with each warrant carrying the right to
purchase one additional share at a price of US$0.22 in
the first year and US$0.25 in the second year.
A finder’s fee of 132,000 treasury shares was paid in
connection with the placement.
The shares were issued subject to resale restrictions
expiring in Canada on May 1, 2005. Additional resale
restrictions apply to shares in the USA.
The proceeds from the placement will be used as a
reserve for future property acquisitions, to fund a
preliminary exploration program on the Company’s
Nevada property and for general working capital.
Count up the shares in the documents dated 1/19/2005
posted earlier
1/18/2005 O/S 13,325,505 http://tinyurl.com/cucoj
1/20/2005 O/S 16,141,005 http://tinyurl.com/8s3wq
4/26/2005 JV with Entourage and CMKX
http://tinyurl.com/8ty2p
6/30/2005 "As of the date of this annual report, there
are 16,273,505 common shares issued and outstanding in
our capital stock. We are authorized to issue an
unlimited number of common shares and preferred
shares. We have not issued any preferred shares since
our incorporation."
"Of our 73 registered shareholders, 66 are Canadian
residents representing 14,174,005 common shares or
87.10% of our issued and outstanding common shares. We
have 7 registered US shareholders holding 2,224,500
common shares or 13.67% of our issued and outstanding
common shares."
Does that math seem odd? 100.77%? O.K.
Also do they all have Certs? Apparently so.
as of 10/14/2005 Entourage Ownership is
Paul Shatzko 1,173,000 http://tinyurl.com/a78eq
Kennedy Gregory Francis 500,000
http://tinyurl.com/87jvw
Unknown Private Placement 698,000
http://tinyurl.com/8sbhy
Unknown Private Placement 550,000
http://tinyurl.com/8zzyk
Unknown Private Placement 1,275,000
http://tinyurl.com/anm28
Unknown Private Placement 7,000,000
http://tinyurl.com/cnaz2
YK Group 6,000,000 http://tinyurl.com/9gz3j
Fayz Yacoub 125,000 http://tinyurl.com/9gz3j
Unknown Private Placement 889,500
http://tinyurl.com/9gz3j
Unknown Private Placement 698,000
http://tinyurl.com/9gz3j
Finders Fee 132,000 http://tinyurl.com/9gz3j
William Weston 1,134,000 http://tinyurl.com/9gz3j
Maryl Shatzko 1,141,000 http://tinyurl.com/9gz3j
Eric Reid 132,500
Cindy Dwyer 666,500
Wesley Casavant 666,500
Emerson Koch 666,500
Maryl Shatzko 370,000
Kjeld Werbs 133,000
Rick Walker 153,000
Linda Martinez 100,000
Sanya Asprovski 40,000
Lita Cooper 20,000
Total 24,263,500 Shares Closely Held O/S after All
Private Placements.
**********
14,060 * 100,000,000 = 1,406,000,000,000 CMKX shares
In other words there are enough Entourage shares to
cover 1.406 trillion CMKX shares. However, we've
already shown the Entourage A/S is locked up and there
is no float. Also, the private placements and the
dividend are restricted. Sorry Shorty, but there are
over two trillion CMKX shares in accounts around the
world. I bet there are many more than that.
**********
Look what happens when you lower CMKX's O/S. I believe
it will be 103 billion or less. Why? Because the first
thing to do to get control of this situation was to
bait, document, prove, and convince Edwards to return
his shares that he was shorting against. Edwards may
not be cooperating on his own free will, but I'm sure
Roger Glenn and IBM had more than enough ammo to make
him play ball.
103,000,000,000 / 50,000,000 = 2,060 CMKX shares per
Entourage share.
2,060 * 100,000,000 = 206,000,000,000 CMKX shares
In other words, if the O/S of CMKX is only 103
billion, there are only enough Entourage shares to
cover 206 billion CMKX shares. Definitely not enough
and Shorty is hosed! I will also add that I believe UC
has been buying back shares and the O/S may be even
less.
**********
In total, Shorty needs a whole heck of a lot of
Entourage shares.
3,000,000,000,000 / 2,060 = 1,456,310,679
In other words, Shorty needs 1.456 billion Entourage
shares to cover the dividend on three trillion shares
of CMKX. Do you think the controlling votes in
Entourage have any interest in raising the A/S to
accomodate Shorty? I think not. Per UC, burn in hell
Shorty!
**********
I think ETGMF will make some move (either merger,
another share exchange with a big dog, or move to
another exchange) where the net effect is that the
DTCC's control over (the clearance and settlement of)
ETGMF shares will go away completely.
Next, or simultaneously, valuation of the claims is
made known, one way or another.
Then, the paper exchange of physical certificates will
cause huge demand for ETGMF shares and send the price
through the roof. Do they cover Entourage or finally
come to an agreement with CMKX?
This is why I believe a settlement could come at any
time. Surely Shorty can see the writing on the wall or
have been given a peek by IBM. Either way it's
leverage city. In contrast, Shorty may be so arrogant
that he gives us the bird and says he'll wait to see
if the claims really have any value. Then he'll have
to take his chances and will more than likely be
paying even more.
If the FALC land claims are as valuable as we think
they are, we are going to win big here, regardless. I
think there's some brilliant people who have set this
deal up and have dotted every I and crossed every T. I
also believe elements of both the Canadian and US
governments are working hand in hand to see this
through to our benefit. I see no other reason for IBM
to be here.
This brings me to a question that was asked, "Do you
think this sting is about CMKX and it's affiliated
companies only or is this a case where IBM is going
after the system-wide problem including the DTCC?" The
answer is both because they are tied together. I
believe CMKX will be the catalyst for market-wide
reform and will serve as the example to eliminate this
fraudulent behavior. How do we set an example? Set the
precedent on how to break a short and hit 'em where it
hurts the most - right in the pocketbook! Remember
also, this isn't just about capital market fraud. It's
about terrorism and national defense. Nobody is going
to beat the United States militarily. The only way to
do it is economically. That can happen by tearing down
the pillars of our society, specifically our capital
markets and generally our economy. We must not allow
this to happen!
The other question that was asked was, "Do you think
that $.238 is an achievable number? Do you have an
educated guess as to a number and timeframe?" My
answer, I don't know exactly! It all depends how much
value our claims hold. I believe IBM would go for the
jugular on this one and try to force a settlement
where the number is equal to what the share price
should have been if we were allowed to conduct our
primary business without the negative effects of NSS.
This is why I completely disagree with you $.005
settlement estimate. I think it would be a slap in the
face to shareholders who believed our company would
have been trading much higher had it not been cellar
boxed by the NSS.
As far as timeframe? Hell, I thought it was already
over a couple of times, LOL! However, I believe we're
closer than we've ever been. I even have a suspicion
that the reason for the cert pull is to remove every
electronic share from the market so that a settlement
can be paid directly to each shareholder. No media, no
fanfare, under the radar. All ther certs are is a
receipt for the payment by Shorty and the final
documentation of the CMKX dossier. Yes, I could be
wrong and the cert pull could be our evidence to take
Shorty to court. However, I feel the cert pull (on
both Frizzell's part and the T/A's part) would have
far greater resources and emphasis if that were the
case. With the limited staff and average equipment
they're using it just seems like they need a little
more time to finalize the deal with Shorty.
For two years my thought has been a settlement of
$.05-$.10 per CMKX share with the ability to roll into
another entity and develop our assets. Many say I'm
too low while only a few say I'm too high. Do I think
it's possible to hit $.23 or even the infamous $.54?
Yes depending on the value of the claims and the
corrections to the shares structure. However, my
shares purchases were always based on being able to
live a very comfortable life off of $.05. Anything
above that is just gravy, LOL!
In conclusion, all of the above is in my opinion. You
can see the DD and how I've drawn my conclusions.
Everything is left open to interpretation and there's
obviously a lot of that going around! I believe that
it's not a matter of IF, but WHEN. Currently, my
purchases of CMKX are complete. I've gone back to
dollar cost averaging into mutual funds and blue chip
stocks for the core of my portfolio. I'm living life
as I should. Going to work, enjoying family and
friends, and being a productive member of society,
LOL! I do check the boards regularly, although I
rarely post. I prefer to do it my way and say
something when it needs to be said...
...the Lowrider way!
Take care and we'll talk again soon...
P.S. - Many thanks go out to folks who contribute to
this DD. Some prefer to remain annonymous and I'll
respect that. They will recognize which parts are cut
and pasted from public posts or private conversation.
If they wish to be acknowledged then i will be happy
to do so. I'm not a credit hound, just someone who
took a great deal of time to put the pieces of the
puzzle together.
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smartdiamond
I just signed up, Welcome ME!
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Joined: Jan 2006
Posts: 1
Re: AWESOME post by lowriderbill !
« Reply #1 on Yesterday at 4:14pm »
--------------------------------------------------------------------------------
Lowriderbill
Let the first drink be on me at the next Shareholder
party.
Thanks
Smartdiamond
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troydian
TDEM Flyover Pilot Level 4
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Posts: 1,738
Re: AWESOME post by lowriderbill !
« Reply #2 on Yesterday at 5:02pm »
--------------------------------------------------------------------------------
If you read anything at all about cmkm you MUST read
this line for line and really try to understand... I
think this is right on the money.
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Peace Love Respect Unity
Cypress Hill
TDEM Flyover Pilot Level 1
member is offline
With a Rebel Yell
Joined: Nov 2005
Posts: 1,116
Re: AWESOME post by lowriderbill !
« Reply #3 on Yesterday at 5:40pm »
--------------------------------------------------------------------------------
Pretty incredible post ... totally restored my faith
in about ten minutes. Thanks lowrider .... thanks
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People once believed that when someone dies, a crow
carries their soul to the land of the dead. But
sometimes, something so bad happens that a terrible
sadness is carried with it and the soul can't rest.
Then sometimes, just sometimes, the crow can bring
that soul back to put the wrong things right.
carats4me
Diamond Purchase Agent L3
member is online
Quote by Albert Einstein below
Joined: Nov 2005
Posts: 2,459
Re: AWESOME post by lowriderbill !
« Reply #4 on Yesterday at 5:46pm »
--------------------------------------------------------------------------------
Very good post indeed.
Kudos to you Lowriderbill.
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A human being is a part of a whole, called by us
universe, a part limited in time and space. He
experiences himself, his thoughts and feelings as
something separated from the rest.. a kind of optical
delusion of his consciousness. This delusion is a kind
of prison for us, restricting us to our personal
desires and to affection for a few persons nearest to
us. Our task must be to free ourselves"
flyz4free
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Re: AWESOME post by lowriderbill !
« Reply #5 on Yesterday at 5:47pm »
--------------------------------------------------------------------------------
This post is solidly put together....drawing
conclusions from diverse and extensive DD. I don't
feel it makes any outlandish predictions but does give
real hope for the future indeed....Thank you for
sharing this puzzle, and how you pulled the pieces
together
http://cmkxunitedforum.proboards70.com/index.cgi?board=general&action=display&thread=1137700...
Is Janice long and strong CMKX?LOL
Back at you.
Sterling doesn't get it.He is good at financial fiction writing for the uninformed reader.He has exposed his ignorance of the financial world.He is a great person and deserves to be educated.I'm sure Roger Glenn has contacted the proper authorities as well as the MM's and is working out a realistic solution.Sterling is wrong about many things but he has it right when it comes to the great opportunity in CMKX.50 cents is in the cards if not much more!
Worth holding for the duration of the 6 month drill program.Big potential!