That's one problem the SEC could address easily, I think. I don't know why it doesn't. But as things stand, companies are perfectly free to gag their TAs.

Yes, I think that if Rufus doesn't file anything tomorrow, the SEC will file for a default judgment against him on Tuesday.

How is it that a nickel and dime scam (or is it?) like LFWK/SLJB got hooked up with a highly regarded Madison Avenue lawyer (who happened to be Cornell Capital's Highgate House Funds portfolio manager)?
http://www.highbeam.com/doc/1G1-127201573.html

Cornell specializes in offering financing, often toxic, to Pinkies and BBs. I wouldn't call them "highly regarded".

is a Pk sheet company required to notify when share structure changes.

No. They're required to notify the SOS of the state in which they're incorporated when they raise (or lower) the a/s, but they don't have to tell anyone when they increase the o/s. Of course they're supposed to register the stock they issue, but there are ways of doing that that won't necessarily be public information.

Naturally the TA knows how much stock is out there, but the company can gag him if they want.

No. He didn't have to show up that day unless he intended to show cause why the Preliminary Injunction shouldn't be granted.

He was served process later than the company was, so his reply to the complaint wasn't due till the 25th. Because that was yesterday--a Saturday--he has till Monday to send something in.

Nope, I don't think any of that will work. What they should have done, of course, was play for time by requesting an extension. Judges just about always grant them.

I think now their only chance would be to say that because of the several CEO and board changes, there'd been "miscommunications" and they weren't able to get their act together in time to hire and brief an attorney.

Feeble, I know, but it might work.

Yes, and I believe they can also make arrests.

LOL!! I believe I saw something about that on the news...

But...Federal judges tend to be very, very busy, which is why we may not hear from this one immediately. As I said, he's probably waiting to see whether Rufus defaults, so he can deal with both defendants at the same time.

Why don't you read my posts again? That's what I said. It's also what others have said. "Certain criteria" have been met: CSHD did not timely reply to the SEC's complaint.

The default is not a "request". It is a fact confirmed by the clerk. As previously noted a tiresome number of times, CSHD can now attempt to have the default vacated. I don't know what they'd use as an excuse, but some judges are fairly lenient about that.

I'm afraid poor draggy is frustrated and upset. Things aren't looking very good for his boy Rufus.

who's law janice? yours?

Congress's law, draggy. You seem to have lost track of the conversation. We were talking about whether the SEC has the right to use undercover agents. They do not.

Though it doesn't speak to this issue, the SEC does indeed have administrative judges.

Clerks do not file motions, draggy. Movants file motions. Clerks keep dockets. They also have more extensive powers; they can, for example, issue subpoenae and summonses in the name of the judge.

You're making the most awful fool of yourself. It's embarrassing.

That's happened to me, too. So I always buy some chicken livers just in case.

I would know because that's the law.

the plaintiff requests a motion for default?

No, draggy. The plaintiff, in this case the SEC, files a motion requesting a default judgment. The clerk enters the default, because there's no question that CSHD has defaulted.

It's now up to the judge to issue an order detailing the sanctions he feels are appropriate. He's probably waiting to see whether Rufus defaults as well, or whether CSHD files a motion to vacate the default.

Yes. Although in a pinch, I don't see why you'd have to do that. After all, they say that if you're running out of defrosting time, you should put the turkey in the bathtub with cold water. If you're brining, though I think you should probably pry out the bag of giblets first.

I used an Emeril recipe. Very simple: 1 cup brown sugar, one cup salt, two gallons of water, some cut up oranges and lemons, a few sprigs of rosemary and thyme. If you need an additional gallon of water, add another half cup of sugar and salt.

Let it soak overnight.

The peppers were merely...caramelized.

That'd make ALL the difference.

You're just here to snear and jear, anyway....

Sounds very good!

Many these poster will be MIA when CMKX comes to light. Cert pull is winding down and payment is about to be made. CMKX is also able to trade again when they submit filings to the SEC. All these things the bashers claimed would never happen.

Well, they haven't happened, have they? And they won't. CMKX will never trade again, and you won't be seeing any $900 trillion "settlement". You may get a few Entourage shares. And then again you may not.

Raise your hands... if you were asked or hired by the SEC

to shake this board to get information... LOL

it would not be inconceivable of them to do so....

Yes it would be. They're not allowed to use "undercover" agents.

Joey's Thanksgiving...

http://www.ratboyz.com/gallery/displayimage.php?album=17&pos=10

New pix of Joey....

http://www.ratboyz.com/gallery/displayimage.php?album=17&pos=10

LOLOL!! You'd think he'd have learned something by now. I've lost count of the crappy stocks he's bought over the years.

Ohhhh....that's annoying...

Motion for Default not a judgement...

get that straight... there is a difference.

Get what straight, draggy? I know a great deal more about the law than you do. The default has been entered. And it would seem that CSHD has done nothing whatsoever about that.

Time is running out.

Seriously, the biggest problem this stock has is the presence of Rufus T. Dirtbag. Get rid of him, and all that liability - and you've got yourself a bona-fide phoenix IMO.

Maybe, maybe not. Um, what is this company's business?

Earlier, I urged the shareholder committee to request a general vote to permanently remove Rufus from the company. I feel this is the only chance CSHD has of ever regaining credibility.

I think you're right. But the committee seems to believe that Rufus is their hero.

How'd the brine work?

Oh.

Why would they even want to make a market in PAIM nowadays? The volume and price are so low they'd hardly make any money.

Yea, MM's don't deal in pinks.

Who ever said that? Of course they make markets in Pinkies. They do not, however, make markets in Grey Market stocks, of which PAIM is one.

Um, what was your cell phone doing in the driveway?

Can a company cancel restricted shares?

Not unilaterally.

What a hoot!! The folks at the SEC will be laughing their heads off.

Drug lords? CMKXers eating dog food?? Beyond belief.

hmmmm.....that's interesting.

lol, if that's what Rufus is planning, he may as well not bother.

won't rufus' reply simply be whatever he can fit on a PostIt note?

Was Rufus scheduled to appear in court today?

No. The deadline for his reply is the 25th, which is tomorrow. Since it's a Saturday, he has until Monday to do something. He doesn't need to appear; he only needs to file his reply with the clerk.