Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hey hasher, be careful on this one. All the stock issued falls under an exemption to registration.
Now, you're back in la la land again gumpy. The FTD list clearly showed failures here were very tiny compared to the o/s. Since attorneys (apparently even a dead one) were willing to sign opinion letters, these jokers could easily print whatever was needed.
gumpy is correct there. Those who have their stock held by a broker are beneficial holders. The certificate reflecting this stock is issued to the registered shareholder which is normally CEDE.
Yes, but I won't post the symbol here.
Um, Frizzell posted on a public forum and appeared multiple times in chatrooms. Other attorneys have done the same. Many politicians are attorneys. Like everyone else, they have first amendment rights and are entitled to express their opinions.
Get a clue. No one here has an obligation to provide proof on anything for free. If you want info, pay for it otherwise be grateful when someone shares out of kindness.
As for Urbie and other insiders, I think leaving them untouched will harpoon the lawsuit. Seriously. Edwards and Desormeau can claim they performed services as contracted and have no idea what Urbie (or another insider) did w/ the accounting system, financial records, or funds raised. They could also claim their contracts were for completely different services and weren't aware what the public was being told in PRs. If Urbie is called as a witness, he'll probably plead the fifth. What is the judge and/or jury to think? Will the company be able to produce corporate records to support its side? Probably not.
Agree if the company sues all insiders involved, but they haven't yet. Since Urbie didn't maintain adequate records, this could easily become a fight over verbal contracts unless defendants whip out documents which happen to benefit their side.
What happens when the defendants call Urbie as a witness, and he starts pleading the fifth??
I don't think this suit will prevail w/ the company as the plaintiff. It might have a chance if they sue all the directors and officers who participated in any wrongdoing.
Acquiring assets won't do it jimmy. They need to file missing financials or somehow separate the business from CMKX.
Okay, thanks. I've shared the same concerns since back then too. Yeah, Jarndyce v. Jarndyce seems to fit. lol
I don't see how Frizzell was working completely independent of all shareholders unless he planned to be named as plaintiff himself in the lawsuit he warned would be filed this week on shareholders' behalf. http://www.investorshub.com/boards/read_msg.asp?message_id=18264669
It appears he keeps assuming the company was a victim and not a willing participant. I doubt that's the case. If the company (which is now the named plaintiff) had any role in illegal activities claimed, wouldn't the judge throw out the recently filed lawsuit??
Hey jarta, would this be considered a conflict of interest for an attorney?
http://www.investorshub.com/boards/read_msg.asp?message_id=18346777
Those links don't point to the right place...try these instead:
RAZÃO SOCIAL: FUNDAMAZON
http://sectam.pa.gov.br/seiamlic/CAD_LIC_list.asp?s_NUMERO_LIC=&s_TIPO_LIC=&s_VALIDADE_INICI...
http://sectam.pa.gov.br/seiamlic/CAD_LIC_maint.asp?s_NUMERO_LIC=&s_TIPO_LIC=&s_VALIDADE_INIC...
As Mark said "no market-maker has yet been nominated for sainthood at the Vatican"
I think Mark's comment there is a bit unfair. The majority of folks formally nominated to sainthood have belonged to religious orders (priests, nuns, etc). Of the much smaller number of lay people nominated, most were either martyrs or founded religious congregations. So, unless an MM decides to follow one of these two paths, his chances of being nominated are near zero.
Do you think this one contains a red flag message? It was deleted really fast.
Posted by: upbeatmofool
In reply to: None
Date:3/9/2007 6:40:10 PM
Post #of 69327
Is anyone else just a little uncomfortable with the juxtoposition of the ''Child ID Key'' logo being displayed next to the picture of Joel Krautheim,smiling like a guy with a puppy and a van idling in a school zone,or is it just me?.....
http://www.investorshub.com/boards/read_msg.asp?message_id=17760069
This company has done seven reverse splits in four years. Before and after each, insiders heavily diluted outsiders' holdings making them practically worthless. The only reason the o/s "appears" low is because the reverse splits have masked the cumulative effect of stock issuance.
One share today = 33.75 sextillion pre-split
33,750,000,000,000,000,000,000
Ask yourself what have they really accomplished w/ the amount of money this represents.
Hit a nerve huh? As I said before, with a little research practically anyone can put together a pretty decent portfolio of Cuban stocks or any theme. Herzfeld has done well, but he's still a little fish swimming among larger sharks. The tiny position his fund took in FUGO shows he recognizes this stock is very high risk. That’s reality not exaggeration like some folks (*cough*) here like to post.
Apparently, you still don't understand the difference between old style NYSE seats and the $50K licenses sold today. That's pretty sad dude. LOLO
Hmmm....maybe someone should suggest the next r/s size to RavenMoon's CEO so they can take the lead. lolol
Thinman was trying to exaggerate Herzfeld's credentials. Lots of guys run small funds and take tiny positions in very high risk stocks like he did w/ FUGO (< 1% of the portfolio). Sometimes these stocks pay off well, and sometimes they don't.
120 sextillion (Pacel) vs 1.2 quintillion (RavenMoon)
Pacel still leads RavenMoon. Next r/s might do it. lol
CUBA did well because of momos. It had nothing to do w/ Herzfeld's stock picking ability. Momos selected some Cuban securities w/ tiny floats and ran them up as Castro death plays. CUBA's price has been drifting back down because Castro didn't die. Should the news report he's near his death bed again, they'll probably run the price back up.
Herzfeld is not a billionaire -- a millionaire at most. He's a tiny fish who runs a relatively small fund. Sure, he's an expert in closed-end funds as are all the other guys who run them.
You also wrongly proclaimed before that he currently holds a NYSE seat. Have you figured out yet that they were eliminated when the NYSE merged w/ Archipelago back in 2005? Now, they sell annual trading licenses priced at $50K.
Too late now. I doubt it would work. Companies which do r/s immediately followed by f/s usually do this to wipe out the smaller shareholders.
Herzfeld is not a billionaire. His fund's size is relatively small in comparison to other funds.
Um, this one is in the r/s heavy diluter hall of fame. It's been creaming wide-eyed novices for years now. Good luck in catching a wave out.
old new r/s date
GRMU GRUS 1:4 03/02/2007
GBMK GRMU 03/03/2005
GBMI GBMK 1:200 11/02/2004
CPCO GBMI 09/08/2003
SSHV CPCO 07/14/2003
CSUO SSHV 1:25,000 05/12/2003
CSOU CSUO 1:25,000 10/23/2002
PAXU CSOU 07/15/2002
PAXM PAXU 1:10,000 07/08/2002
this one is mostly dump. /eom/
Apparently, you have the mental capacity to recognize what Georgantas did was wrong. This man is being punished for his actions.
Now, move over to the CMKX story. Urbie was neck deep in the scheme here. He and others caused far more harm to far more people than Georgantas ever did. Due to your strong emotional attachment to Urbie as if he were some great deity makes you unable to accept that he also committed wrongdoing and at a level far worse than the other guy.
Why haven't the CMKX characters been punished yet? The feds move at glacial speed. By the time they react, the story has become so complicated it takes them literally years to follow the money path and piecemeal together a winnable case.
Sure, they often do but not all the time. For example, Worldcom was registered in Georgia and headquartered in Mississippi. Their SEC lawsuit was filed in and handled by a New York District Court.
Ever consider the feds may view the company here as a bit player in the story w/ their eyes on bigger fish?
Sure, they're characters in the story. There's players down in Florida, Hawaii, etc. Might be amusing if the SEC attorney said: "Let's go over to DHS now and meet w/ your contacts."
I think whether a regional office takes a case has more to do w/ what court will handle the lawsuit should one materialize as well as the location of most of the players/witnesses. Perhaps the SEC HQs in DC took the CKYS case because the story characters are too spread out geographically.
One time, Urbie claimed sunspots delayed drilling. A lunar eclipse could probably do the same making his post on topic.
What do you think this stock is worth and why?
or a paltaker :o) /eom/
Um, did you miss something here? This stock is trading on the grey market not the OTCBB or pinks. In the greys, there is no central quotation system and no national bid/offer. The NASD rule which you consider BS is what actually gives meaning to the term "best execution" for a grey.
It would be pretty dumb for a broker-dealer not to play by the rules on securities where the SEC has an active interest like in this one.
Whenever unexplained trading activity occurs (usually when the price is flat or down), many retail investors quickly blame broker-dealer manipulation. Like in every industry, there are indeed rogue individuals/firms, but the percentage is relatively small. Oddball trading patterns we see are often due to something else such as: dilution, shorting against convertibles, daytraders/momos, shady insiders, email spamming, pumping campaigns, account hackers, etc.
Practically every day, I watch daytrader/momo gangs run up and short down different stocks. Over on other forums, longer term holders will blame what they're seeing on MM manipulation instead. Anytime you get the urge to blame broker-dealers, try looking around for other causes. Most times it will be something else.
That would be illegal. Making what amounts to peanuts for them is not worth the risk of being caught and sued. Yesterday's volume may seem high, but the total amount of money changing hands was only ~$150K.
Hope you realize best execution does not mean an exhaustive search. Per NASD Rule 2320, a broker only needs to contact and obtain quotes from three other broker-dealers (or all if there's three or less) for a stock trading on the grey market.
Whether someone's order sits, is partially filled, or is fully filled depends on which three broker-dealers are contacted, the time, and how frequent your broker checks back. If you guys complain enough, TDA could put CKYS on a restriction list where they won't fill any buy orders.
VWAP: 0.0048 /eom/
Can YOU EXPLAIN this LARGE increase in PPS PLEASE?
It closed up on a tiny $20.25 trade.
Rec. Time Action Price Volume
3:56:20 PM Trade 0.0081 2500
3:40:50 PM Trade 0.004 100000
3:40:34 PM Trade 0.005 100000
These guys need to get an attorney and stop winging this stuff. If Hurd plans to amend his suit into a class action, each member of the class does not have to justify what specific info triggered his purchase(s).
I agree /eom/
Why don't they appoint Janice as CEO? /eom/
The irony is Hal signed an agreement preventing him from ever pumping and dumping another stock.
No, he didn't. Besides disgorging his profits, Willy was ordered to cease and desist from committing future violations of Section 5(a) and 5(c) of the Securities Act of 1933. http://www.law.uc.edu/CCL/33Act/sec5.html Those two provisions prohibit the sale or offer to buy unregistered stock. Unfortunately, they have nothing to do w/ pumping, front running, or anything else.