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And what if that same stock had traded 3.7 trillion shares in a 12 month span with a 9:1 buy/sell ratio?
Tell me what 3,700,000,000,000 x 0.9 equals, then subtract that from a number less than 800,000,000,000 and tell me what the percentage of shares short vs. float is.
Amazing prediction. The man already took the 5th, therefore, he must taketh it again! Brilllliant!
I would bet a beer that UC pleads the 5th, again
Sure
"counterfeiting" is by definition the creation of something for which there is no backing, no obligation to provide real value is accepted by the counterfeiter.
How can a short seller possibly "back" or "provide real value" if there is nothing available to borrow?
the shares that were sold without a borrow in excess of the float are still guaranteed by the entity that sold them without a borrow
How? How can a short that exceeds the float, possibly be guaranteed by anyone?
It's not hard, it's really simple.
ex. There are 10M shares in the float, but 100M shares short...that leaves 90M shares with no f-ing chair to sit on, get it?
At some point, there is going to be a reckoning and the short will have to be covered
Read above...please tell me how a short in excess of the float can be covered? I would LOVE to know.
In true counterfeiting, no "cover" ever takes place and the counterfeiter accepts no responsibility for making the counterfeit item good.
Duh...this is what we ARE talking about.
Stoecklein seems to think so
but is it relevant to the issue?
Not really
So that's a moot point.
CMKX was working with the SEC before the suspension to become compliant. I don't know Stoecklein, but I do know that as an attorney, he would never put his client in a jeopordizing situation by amending Form 15 if they could not become compliant within the alloted 60-day timeframe.
our counsel has had ongoing dialogue with the SEC
The evidence points to SEC involvement as far back as the USCA suspension. Clearly, CMKX has been in communication with the SEC for quite some time and was planning on becoming compliant.
CMKX has been in discussions with the SEC in relation to the SEC's inquiry into another public company that has done business with CMKX. In this process, CMKX has provided the SEC with substantial documentation
But yet 14 days after CMKX takes it's first official step in becoming a fully reporting company, the SEC halts the company and promptly initiates a proceeding 12 days later.
Sounds to me like somebody renegged on a deal...and it wasn't CMKX.
Or C
A. SEC objects, Judge Murray sustains the objection, and poof! all done. Or...
B. Judge Murray doesn't wait for an objection and simply tells Stocklien it won't be allowed, and poof! all done.
C. Judge Murray will deny the SEC's objection due to an "overwhelming amount of evidence which poses a great risk to the shareholders of CMKX".
He would be stupid not to.
I don't think he'll do that.
You can't give someone 60 days BY LAW to get their act together, then haul them off to a trial only 14 days into it.
Like I said, the SEC broke it's own policies to "arrest" CMKX and put them on trial...why did they do that?
And what if the short exceeds the float?
counterfeiting is not an accurate description of the process
Technically a short is not "naked" if it can potentially be borrowed. This means: any short can be "legitamized" as long as it does not exceed the float, since there is a legit share for every short share.
However, once the float is exceeded, you now have "counterfeit" shares. They are fake, have absolutely no value, no voting rights, and are not a representative holding in the company.
Hey Jim, here's a reeeeeeeeally hard question:
Can Stoecklein present the OG data to the Judge?
CMKX has been working with Bill Frizzell, counsel to the CMKX Owners Group.
And what will the SEC have to say when Stoecklein questions the premature timing of the suspension and proceeding itself?
The SEC tripped over itself when it suspended CMKX.
LOL
Happy Mother's Day to you and your two rats.
No s--t
He could just hand it to Mr. Stoecklein
So stock counterfeiting does not exist?
knowing there are no such stocks just takes plain old common sense
Not sure I follow what you are saying.
Hello Euthy
But he has indicated that he thinks he will be able to get the evidence in front of Judge Murray.
And what about Mr. Stoecklein? Will he be able to get evidence in front of Murray?
So let me get this straight...
You have spent the better part of 7 years, trying to expose scams, so the average Joe won't refi his house or max out his credit cards to buy more toxic stock?
The Average Joe. Definitely.
How exactly do you earn a living? It seems the past 7 years have witnessed you spend thousands upon thousands of hours firing off thousands upon thousands of posts, while even being taken to court on a few occasions, but yet you do it all for "Joe"?
C'mon now...I know you think the sheep are dumb, but that really takes the cake.
The crooked ones buy toxic debt from crooked companies, and when they do that they've made just about the only risk free, high yield investment there is.
Yes, indeed...however, the crooked ones also like to counterfeit against the debt. Heck, why not...the company is "dead" anyways, a little counterfeiting won't hurt.
(tis my last post for the day, see you another time)
I already know enough my dear
Maybe you should learn a bit more about me
It doesn't take much to see that:
a) You are a self proclaimed "scam-buster"
and
b) Those that engage in the "art" of short selling, can benefit greatly from your "services"
Riddle me this? Who stands to benefit more from your incessant occupation of these boards? The average Joe or the hedge funds that feed on the fear you instill in people?
G'night
You know that doesn't matter
CMKX had already said they wouldn't be able to comply with the 60 day deadline.
The SEC under their own regulation was supposed to grant CMKX till April 17th to get their paperwork in order. The suspension and proceeding were initiated prematurely...why?
Don't do that
I give up.
I still have 3 posts remaining...might as well fire em off while I have your attention.
Couldn't tell ya.
Oh yeah, and why is it none of the longs wants to talk about Urbie taking the Fifth?
Personally, I don't really care why he did. Innocent people plead the 5th under counsel's advice all the time...doesn't really mean anything. However, I am interested to know why UC supports the Owner's Group? Afterall, as a scammer, you want to get away from the ones you've fleeced...especially when the pump has long fizzled out.
------------------------------
CMKX has been working with Bill Frizzell, counsel to the CMKX Owners Group. CMKX and Frizzell have been working diligently together in an attempt to achieve the best possible outcome for CMKX stockholders at the hearing. Frizzell's assistance in this important matter has been instrumental in moving CMKX closer in its goal of investigating and resolving all possible issues relative to the trading in CMKX's stock.
Additionally, CMKX management sincerely appreciates and acknowledges the CMKX Owners Group for its efforts in demonstrating loyal stockholder support for CMKX management's ongoing effort to build stockholder value. Information about the owners group and their current numbers can be obtained at their Web site (www.cmkxownersgroup.com).
How did I know you were going to say that?
Please note that the short position you refer to is covered and entirely legal.
How about OSTK's counterfeit share position? Is that legal too?
http://www.buyins.net/tools/symbol_stats.php?sym=OSTK
Hmmm, Janice...how do you have access to updated short position info? <snicker>
Seems us "regular folk" only have access to the short position figure as reported from early April. Is Rocker starting to cover? You would know, wouldn't you?
Shares Short (as of 8-Apr-05): 5.44M
Daily Volume (as of 8-Apr-05): N/A
Short Ratio (as of 8-Apr-05): 7.192
Short % of Float (as of 8-Apr-05): 51.36%
Shares Short (prior month): 5.28M
LOL, Janice...it's ok, you can sit down. Once the indictments in stock counterfeiting really start to fly, you guys will have plenty of time to ponder just how CMKX slayed the dragon.
Is it because O'Quinn's crusade against you and yours is beginning to mark the end of your counterfeiting business?
I'm not one bit impressed by O'Quinn, for a variety of reasons.
You are not "impressed" with O'Quinn...sheeesh. Not sure what does impress you...apparently nothing, besides the lapdogs that post beneath you.
Since when did that matter to you guys?
but they do have product and revenues.
51% of the float is short, while being on and off SHO.
"...We had some people with professed experience in guesstimating numbers based on our groups’ sampled data tell us our owned shares will be an astounding number greatly exceeding the company’s declared outstanding stock..."
-CMKX Owner's Group
He's used to judicial ineptitude
O'Quinn and Christian are what, zero for five, zero for six with their NSS legal actions to date?
After all, he probably failed 50 times with tobacco before he finally "got them". Unfortunately for O'Quinn, tobacco was a flea compared to the power of a 20 TRILLION dollar organization. To think this goliath can be defeated with one blow is to be incredibly naive. He'll keep picking at it, until the armor really cracks...the Supreme court order for Eagletech was a start. There will be more victories as the issue continues to gain momemtum. He didn't throw his weight behind a "phantom issue".
Janice, O'Quinn has done more in his life, than you and your gang could muster on these boards in 10,000 lifetimes. To think you are criticizing one of the most wealthy and successful attorneys of all time, merely shows what your true agenda is (like we didn't know already).
Define premature conclusion
They chose not to comply with SEC regulations, and now they're paying the price.
BTW, I'd say the same applies to the SEC suspension. Why so eager to kill this company when they had 6 weeks left on their 60-day deadline?
They had over a year to do it, then when CMKX comes clean and wants to start reporting, they pull the plug? Something ain't right. I thought they are "looking out for shareholder interests"? Wouldn't suspending a company and initiating a proceeding 6 weeks before the filing deadline be counter to that?
And spare me the "they weren't going to file on time anyways", because regardless of what they would or would not do, CMKX was [under SEC regulations] entitled to 60 days [WITHOUT any regulatory interference] to get their books in order. The SEC violated it's own rules to bounce CMKX off the Pinks...why is that?
Too much nitpicking going on here. You know what he meant.
I reckon the heat will be turned up on you guys once and for all when the shit finally does hit the fan.
"Co-conspirators" sure does fit the bill for you guys.
Considering the Fed (a private entity) is in control of our money and supply and considering the DTCC is a division of the fed, I'd say the buck stops there...or should I say, counterfeit share?
We are not talking about "short" shares, we are talking about counterfeit shares.
An audit cannot be completed NOR signed off on if the share structure is corrupted. The T/A is irrelevant when dealing with NSS.
That's not the point, now is it?
You are the ones saying the connection with her husband is irreleveant...clearly, it is not.
The Fed is at the top of the food chain when it comes to stock counterfeiting. Nazareth is the gate keeper.
The SEC took the bait on this one...
And what about shareholder equity...how can they compute that with counterfeit shares in circulation?