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Thanks, alba.
Atlanta, just read that post of cpx's which I copied over from RB......
That's really a hypothetical question, as the chances of there being any pge's in the dirt are slim.....and none.
Were a reputable lab to find different, i would be flabbergasted.....and wonder what happened. it would be earthshaking....but would still hold out some doubt till someone actually produced product.
You seem a nice guy. don't wanna belittle ya.
But, what's your experience with mining stox?
What is Sheppard's?
Do you know how experienced cpx is? did you read the post of his that I copied over from RB? http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34766233 It bears reading....you say you know Shepp, send it to him, ask him to refute those points....
Case in point:
There's so many deluded people that this guy was able to convince some of them to buy $2mm worth of CMKX...a delisted stock:
Posted by: CHUNKY44 Date: Thursday, January 15, 2009 6:06:48 PM
In reply to: janice shell who wrote msg# 265367 Post # of 265370
SEC v MARCO GLISSON
« CMKI Message list | Reply to msg. | Post new msg. « Older | Newer »
[carmelbeach] By: carmelbeach
15 Jan 2009, 06:02 PM EST
Msg. 798236 of 798239
Jump to msg. #
SEC v MARCO GLISSON
Marco Glisson aka Delidog
http://www.sec.gov/litigation/litreleases/2009/lr20855.htm
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20855 / January 15, 2009
Securities and Exchange Commission v. Marco Glisson, Civil Action No. 2:09-cv-00104
SEC CHARGES LAS VEGAS MAN WITH MAKING A MARKET IN DEREGISTERED SECURITIES
The Securities and Exchange Commission ("Commission") announced today that it filed a civil injunctive action in the United States District Court of Nevada against Marco Glisson, a resident of Las Vegas, Nev., alleging that he illegally sold deregistered securities of CMKM Diamonds, Inc. On Oct. 28, 2005, CMKM's registration with the Commission was revoked. From December 2005 through April 2007, Glisson allegedly acted as an unregistered broker-dealer by purchasing and selling deregistered CMKM securities. Through this unlawful conduct, Glisson realized gross proceeds of at least $2 million.
According to the complaint, Glisson, a former auto worker and restaurant employee, identified potential buyers and sellers by frequenting CMKM related internet chat rooms and through referrals from past buyers and sellers. Glisson then negotiated the terms of the transaction and consummated it by exchanging money for the pertinent CMKM stock certificate. Through these practices, Glisson made a market in deregistered CMKM securities at a time when legitimate broker-dealers refused to execute such purchases or sales because of the Commission's deregistration of CMKM.
The Commission's complaint alleges that Glisson violated Sections 5(a) and 5(c) of the Securities Act and Section 15(a) of the Securities & Exchange Act. The Commission seeks a permanent injunction against Glisson prohibiting him from future violations of the relevant federal securities laws, disgorgement with prejudgment interest, civil penalties and an order prohibiting Glisson from participating in the offering of any penny stock.
SEC Complaint in this matter
It's not about money. I did my research years ago. wasn't much work. These penny stock scams are a dime a dozen. This one just interested me a lot. Others, like Rufus the Doofus and his bond scam CSHD, and SLJB were more blatant, and bigger stories, but mining is an area that I know a bit about.
Scams put a bad name on the mining industry, and another, like CMKX, was not small.
I-net posters like Janice Shell, Our Street, scion, and others do a great service to the community in exposing scams. I'm small time compared to them.
irrelevant. If scam stocks didn't have those of us who help reveal the true stories, there'd be a lot more people losing $.
Care to back up that statement?
Sure, there's a bit to sell....but,imo, (and the SEC agrees) it is virtually nothing.
Maybe why it's never sold....
True. Ya'll can dream.....
Too bad there's nothing to sell.
Incorrect. That was the number of outstanding shares, a year plus ago. The authorized was about 6.5 billion.....plus maybe some preferred that hadn't been converted, I dunno. Too lazy to look. There's little doubt that the o/s isn't still growing.
Their financials are unaudited, they could be doing anything and get away with it.
PGE=platinum group elements.
Just one problem.
They have none. Period!
Jordan started it all with his fraudulent and laughable assays. He claimed otherworldly values for all three properties.
Best post ever, Just the FACTS, Jack
By: cpx333
12 Jan 2009, 01:42 PM EST
Msg. 69228 of 69230
(This msg. is a reply to 69223 by stairguy.)
Jump to msg. #
Actually I'm not here to save YOU or any other NMC pumping fools. You all get what you deserve. I'm here to keep you all from lying to other potential investors. While you may not care about having accurate information, others do.
Ya'll still can't answer one single simple question. A bright, beaming red flag if I ever saw one. lol
I have zero shares. I was told about NMC by a friend who was a close personal friend of Furlong. He told me it was a fantastic investment opportunity. It took me about 10 minutes worth of googling to figure this thing out.
Clues:
1) PGEs have NEVER been mined in Arizona other than as a by-product of copper mining;
2) The Skull Valley 'concentrates' are nothing more than WASTE material from a previous gold placer mining operation - which incidentally, would be the same basic processing methods you'd use when extracting placer PGEs. The very idea that placer miners would have missed all that PGE material sitting right there next to the gold is absolutely ludicrous.
3) The alleged grade of the WASTE material is unheard of even in the richest PGE deposits in the world.
4) No legitimate laboratory has EVER been used to analyze Skull Valley WASTE material. The labs that first announced the unheard of grades were later discredited by a judge. The following labs were not even legitimate assay labs. The only legitimate assays ever conducted on Skull Valley material were by the State of Arizona and they came back with background levels of PGE (i.e., nothing). Now, NMC alleges to have legitimate 'custodial assays' but they are not available to the public. And neither does anyone know what 'custodial assays' are as that term exists nowhere except on the NMC website.
5) Furlong's family owned most of the shares and all worked at the Skull Valley project despite NONE of them ever having any mining experience or knowledge. Yes, they are 'gone,' but if SV actually had something there, NMC would have hired geologists and engineers, not ignorant family members who were getting paid more than any high level engineer or geologist I know.
6) The SEC's investigation and ultimate findings that led to Furlong and his partner being convicted of fraud. Those assay valuations are still being touted today by NMC management/BOD as legitimate when we know they are anything but.
7) A legitimate mining property with bonanza type grades (as NMC alleges at SV) would have NO problems at all of obtaining financing despite the poor economic conditions. Mining typically does well during difficult economic times, particularly precious metals. A PGE placer deposit in Alaska who are looking to re-process old tailings (just like NMC) have money and many interested investors... and they don't have near the grades NMC is claiming.
8) NMC's geologic story about PGEs originating from some breccia body makes no sense at all. We know what sorts of rocks carry that much PGE and they have not been identified anywhere near the Skull Valley area.
And those are just the few things I can think of off the top of my head. Those are FACTS. You have nothing but massive amounts of whining to back you up.
- - - - -
what's the risk? they trade grey, with no regulatory agencies to worry about. They have no real assets, their stock isn't even registered, what's to worry about. Shareholder lawsuits just don't happen with grey, or pink sheet garbage.
No different than scads of these podunk companies that trade om the penny markets...can't get away with that on the BB or in Canada.....
If MS had a conversation with one or any exhibitor regarding the alleged 2.5 Billon in Pt. How long did the conversation last? 2 seconds, 5 seconds?
More of my opinions.
Shepp woulda had to slink off, to the sound of fading laughter..
Define "legitimate"
No company in its right mind would want those tailings.
Yep.
I reposted my old DD page at Rb today. the first link is to the work golddust did, and the communiation with AZ....assays are there.
Plus, I saved all the old assays NMC put up in early 2005......I don't have the ones Diversified did.
I'm not speculating....
I've seen the ONLY valid assays ever done at SV...the only ones that make any sense.
rdiddy, you're gullible if you believe the word of the boss of a grey sheet garbage company.
Do you know anything about tailings piles? Have you ever heard of one that had more value per ton that most any real mineral deposit on earth? Do you know that few are ever reprocessed? And, if they are, they rarely return more than a few $ per ton. Certainly not $20,000 per ton, as Shepp has recently intimated.
GET REAL! He will NEVER sell the dirt, and if, by some miracle, he does, it will be a bogus sale, or to someone who was conned, or it will be for at most, a few $ per ton.
PERIOD!
Nope....last nite's snow was wet, and brought me some work. W/B has been hurting for snow till the last few days....4 deaths recently, two from impacting rocks, two in avalanches- kids skiing in closed areas.
Crystal was epic Jan 2, a top 20 all time powder day.
go to flickr and use my username...same with youtube.....lots of new work and snow stuff, much of it around town.
Naturally....and of course they're indignant that some of us found it amusing.
there's some tumbleweed, atlanta, growing on top on that Skull Valley dirt.....that's about all it's good for.....
trees, not there...so no work for me....heh....
alba, check out this desert dirt scam
http://investorshub.advfn.com/boards/board.aspx?board_id=9561
they claim $80 bil worth of goodies in the ground....sound familiar?....yet they're trading at .0003.
acccckkkkkk
Thanks....I just checked your profile....I see Tristar claims they've $80 bil worth of goodies.
....too funny....
You got one part right, his comments are "odd" and then some....
they're laughable to anyone who knows what could possibly be in that dirt. He obviously doesn't....
alba, that message by Shepp is hilarious. and a crock of BULL!
I just linked it to Janice Shell......she'll get a kick out of it too.
Too bad the regulatory agencies take no interest in a company that doesn't even have a valid stock reg statement on file...
cause what he's trying to do is shady, even criminal, imo.
go back to lurk mode.
Hey Janice, long time no visit here....hope all is well with you and the little fellas....
check out this hilarious message from the bible beating affinity swindler Mikey Sheppard of NMC....who still makes statements like, "We have $2 bil worth of pgm's (all from that pathetic tailings pile of dirt)
http://www.nmcinc.com/news010409.html
Some mighty inane things he's saying......like he's about to sell the assets (worthless dirt).....lol and "global manipulation of our stock securities" double lolololissimo
remember, what you told me about their stock registration (actually lack thereof) which you said was not represenatative of many grey sheet companies....
We've had 7 snow events here in the Puget Sound lowlands....and now are about to get some major flooding...as all that glorious skiing goes to pot in the rain.
from 3 weeks ago, near Shilshole Marina, a coupla miles north of downtown Seattle:
With the spread between buy and sell prices, I can't figure why anyone could be dumb enuf to buy a single share of this proven scam.
groan......it's a scam, atlanta....there's nothing to stop this pig. No regulatory agencies care about an unregistered stock trading illegally...which it is, IMO.
rdiddy....your posting, as it offers nothing, is now getting boring. but you have been nearly singlehandedly repsonsible for increasing the RB traffic many times over lately.
Thanks...for that...uhhh
Hope all are enjoying the holidays.
Skeletons in Sheppard's closet.....................
Pennsylvania Sues Living Trust Scheme
http://www.consumeraffairs.com/news04/pa_living_trust.html
Brentwood's New Life Corp. named in Pennsylvania lawsuit
http://www.bizjournals.com/nashville/stories/2004/10/25/daily31.html
North American Securities Administrators Association
Testimony of Christine A. Bruenn
NASAA President and Maine Securities Administrator
Before the Committee on Banking, Housing and Urban Affairs United States Senate
May 7, 2003
EXCERPT:
"Ongoing Enforcement Initiatives
The analyst conflict of interest case was a big story in the financial press over the past year. But it was hardly the only focus of state securities regulators. As always, state securities regulators continue to vigorously pursue sales practice abuses and a variety of scams and frauds against unsuspecting investors. There are many types of violations that state securities regulators continue to fight. NASAA has published a list of the "Top 10 Investment Scams" the past several years to highlight problem areas for investors 6. I'll mention just a few of our ongoing initiatives.
Unregistered Securities - We are continuing to address, in cooperation with the National Association of Insurance Commissioners (NAIC), the chronic problem of insurance agents selling unregistered and fraudulent securities. In hundreds of cases, scam artists are using high commissions to entice insurance agents into selling investments they may know little about to investors for whom they are unsuitable........
Examples Unregistered Products.......
Charitable Gift Annuities - In February 2003, the Securities Administrator issued a Cease and Desist Order against a Tennessee-based company, the New Life Corporation of America, and a Maine insurance agent. The company had offered charitable gift annuities (CGAs) in Maine through an agent and other unlicensed financial professionals who expected to receive at least a 6% commission. (Such commission-based sales of CGAs are rare and disfavored by most charities.) Solicitations for these CGAs allegedly misrepresented that they were guaranteed, no-risk investments. The action prevented consummation of pending sales to Maine consumers, one of whom, a very elderly man, was about to part with over $1 million."
http://www.nasaa.org/Issues___Answers/Legislative_Activity/Testimony/555.cfm
AL cease & desist order vs. Shep, et al, dated 1-26-04:
http://asc.state.al.us/Orders/2004/CD-2004-0004.pdf
ME cease & desist order vs New Life Corp d/b/a NCF:
http://www.state.me.us/pfr/sec/Orders/NationalCommunityF_CO.htm
WA cease & desist order vs New Life Corp d/b/a NCF:
http://www.insurance.wa.gov/oicfiles/orders/2001orders/D01-110.pdf
Sheppard house in wife's name..............
Tennessee Comptroller of the Treasury
Real Estate Assessment Data
"County Number: 094 County Name: WILLIAMSON
Tax Year: 2005
Property Owner and Mailing Address
Jan 1 Owner:
SHEPPARD BARBARA A
4229 WARREN RD
FRANKLIN , TN 37064 "
Guess again. The only public info on Shepp involves the smelly bible affinity swindle that he ran. None of the other info on his "resume" is verifiable.
The guy stinks...that was obvious to me after watching the hilarious video that the co. put out in 2003, and modified with him as narrator after he was hired. He's a two-bit mealy mouthed, greasy palms smooth talker who knew nothing of mining, then, and has learned nothing now, 4 years later.
rdiddy, wake up....there is no ore body on earth, much less tailings pile, that has values in the multiple opt of pgm's like Jordan's assays did. And yes, they were bogus on their face!!!
HAve you seen them? I saved all those old assays....all are a JOKE!!
The ONLY verifiable assays done on that dirt were done by Bondar/Clegg and Act Labs, commissioned by the state. They show trace amounts of Pt, and precious little Au.
The new assays were done by a firm that had no business messing with pgm and Au assays, and were also bogus.
Again, I say...WAKE UP.
It is all a SCAM!
And yes, Sheppard, unless he is more naive than he seems, knew it all along. Heck, he's smelly anyhow...that bible affinity swindle he ran proves that.
Talk of reserves, ore, concentrates.....is funny.
The dirt in those pits is tailings....from a barely economic, pathetic operation that concluded in the '70's......
If Spielman and Bender only processed a total of 137,000 tons, and got out 2500 oz of Au, then that is .02 opt.....which means they made a few $....but that is very low grade ore.
However, they did process it, and separated out the gravel and black sands. so, I suppose some of the pit material could be called "concentrates", but that doesn't mean there's any value in it. As samplescave states, he has access to what he thinks is the most current data, test results, etc. Still, the material in those pits IS tailings, and NO tailings pile on earth has ever been worth more than a few dollars a ton.
Now, do you not think it odd, that, if they really had assays from reputable sources showing significant value, they haven't shouted this news from the rooftops? That's what ANY real mining company does...they release results as they come in, in fact, are required to---listed stocks, that is.
Rdiddy, I think that, because this company has no valid registration, it will never be shut down by any regulatory agencies, though, as I've said many times, it should NEVER have been allowed to trade.
Do you understand why I make that statement?
IMO, no legal charges will be brought by any party, as it is well known that the company is penniless.....though some, not just Furlong and his family, have banked profits, fraudulently, from stock sales, much of that illegally issued.
Rdiddy.....
bottom line, is nothing matters but the fact that they have lied for over 20 years. They have dirt, period! Sorry, but I feel that your "experiences and research" are rather meaningless as this company is 100% based on subterfuge, deception, and lies.
Not trying to beat up on you...but answer me this:
What is your history and experience in the mining field, either as a discerning, knowledgable investor, or as someone in the industry?
I can surmise the answer...that you have no ties to the industry, and that you are a neophyte at analyzing junior, and development stage mining companies.
The same goes for everyone connected with this joke of a "company" Any real mining afiocionado would know within an hour of looking at this company that it's just another desert dirt scam. (As I did, within a day or two, back in 2004 when there was a bit more public info out there.)
The SEC seemed to agree, as they sanctioned the former principals for their fraudulent activities.....and called the assets "essentially worthless". True, that was HCCA...but what has changed? This is the exact same company....that, in the opinion of many, should never have been allowed to trade..as its registration was revoked....speaking of which, NMC never filed a registration statement...so why is it even trading?
Why any one would want to buy into this gamble (surely not an investment) is beyond me.
Myself, and other truthseekers have yet to be wrong about anything significant that we've said about this shoddy excuse for a company.
If they proved they have real value in that dirt, say, worth even $100 million, I'd repent of my sins.......
Trouble is, it ain't gonna happen, and any real miner or mining astute person or investor knows this. There is no pgm/au tailings pile on earth worth more than a few dollars a ton.........
3 yrs ago, the low was about .004......it didn't drop below .001 till this spring, i think it was. Check the daily historical data.....
Yep, he's cool.....but deceived, even deluded, the poor guy. It's the company that should be vilified for their ongoing fraud.
I commend you for your hopes.....normal for any shareholder to have.
However, there is no doubt that Shepp is still clueless about real mining...and that the dirt is...just that, near worthless tailings...
You should call Johnson Matthey, as did I a few years ago, the prominent platinum refiner/buyer....tell them that you know of a company that has 30 yr old gold mine tailings containing a slew of pgm's..
But be prepared to be laughed at...AND told that pm pie in the sky stories...are both prevalent...and all...
.bunk
heh....
that's the one element that is present in the SV dirt!!!
That's their corp reg.....not reg with the SEC...which, unlike some grey sheeter, they have none.
I repeat, the stock should NEVER have been allowed to trade.