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lol, he's being misleading and confusing. That certainly wouldn't be a first for the SEC. Obviously, you have to be registered in order to claim an exemption. Otherwise you wouldn't HAVE to claim the exemption.
ALL stocks are either registered or exempt from some of the responsibilities of registration under Section 12.
LOLOLOLOLISSIMO!!
OK, show me one that never filed a form 10 or registration statement with the SEC.
Exactly. Don't look now, but you just shot your own specious argument in the foot.
And what do you think a "registration statement" is?
snicker, I see you've changed your "disclaimer".
Unfortunately, that's done nothing to improve the quality of the posts themselves.
PAIM is automatically exempt by the SEC's rules and regulations regarding assets and/or number of shareholders.
Oh yeah: NO company is "automatically" exempt from anything. If, for example, a company chooses to claim an exemption on the grounds that it has fewer than 300 shareholders of record, it MUST file a Form 15 in order to do so.
And it had better not lie on that Form 15, as CMKX did.
PAIM is automatically exempt by the SEC's rules and regulations regarding assets and/or number of shareholders.
Oh really?? And isn't Pearl claiming rather large assets? Isn't she also claiming to have more than 5000 shareholders?
I'd say she should get those filings done asap.
And in any case, you're still confusing exemptions with initial registration. Exemptions ONLY exempt companies from filing periodic reports with the SEC.
The guy who wrote that is wrong. "Exemption" in this sense only means that the company in question is exempt from filing with the SEC, not that it doesn't have to register its presence.
HOWEVER, I SCROLLED DOWN TO READ YOUR DISCLAIMER...TOO FUNNY I DOUBT ANYONE EVEN GETS THAT FAR DOWN IN YOUR POINTLESS RAMBLING..
What's funniest about his "disclaimer" is that he says: "The FOLLOWING post is...".
I just TOLD you: you can't trade if you don't register. After you do that, in some cases you can file an exemption from filing, but that's it.
I suggest you go read Section 12.
What do you think the process is? A company just decides to trade, without communicating with the SEC or following their regulations?
Since ALL trading companies register with the SEC, I'm afraid I can't offer you an example of one that didn't and was revoked.
lol, Miss Stephanie and Brycer probably start to throw up the minute they walk into her kitchen.
The company that currently holds the symbol CMKM is parked at $4 per share.
The Nasdaq badly needs to stop assigning lapsed tickers to new companies.
I came across something about this one not long ago. Forget what it was, but it wasn't encouraging.
And of course it has nothing to do with CMKX. jay_adobe is truly evil.
LOLOLOL!! He inherited Urbie's UHaul biz, I guess. You think anyone would get a straight story from him?
My GOD, HOW can people be as naive as you obviously are?
You are not aware that there are two types of OTC companies, ones that are registered with the SEC, i.e. they filed a form 10 or some other type of registration statement, and ones that are exempt from filing, or ones that should file but unable to do so because they either can't afford it, or can't get audits from SEC registered CPA.
Wrong. All publicly traded stocks are registered with the SEC. (Some stocks that don't actually trade, but have done private placements, are also registered with the SEC, but that's another story.) They are registered under Section 12. IF they have fewer than 300 shareholders of record, they can file a Form 15, which is an exemption from filing periodic reports with the SEC.
You really need to learn more about this stuff. The SEC has been revoking a very considerable number of Pinkies lately because they should be filing but aren't.
It appears I understand these things better than you so there is no need to arogantly proclaim that you know better.
If you really "know better", then let's see you cite some proof. There is none. About a week and a half ago there was an animated discussion about the Section 12 issue on the IDWD board. You might find it edifying. I did supply links. There's also the irrefutable evidence of the recent SEC revocations. Maybe you should take a look at "administrative proceedings" at their site.
Obviously not.
I think you haven't learned a damned thing from this experience.
Very shortly, CMKX will no longer exist. It will be liquidated. What part of that don't you understand?
Chill.. maybe he didnt want to pick up the phone bc rick probally warned him about the wacky penny investors calling and losing their minds because they didnt know what they were freaking doing when they didnt even try to enter a limit order and jumped in with a market order on the ask.
You really haven't been paying attention, have you? Ol' Kolt isn't answering calls from BKMP investors, either.
Ya gotta love this bull...what study was done by the one person team?
Yeah, I loved that too.
Ohhhhh, I see.
lol, you can't have a forced buyin (the correct word) in a stock that doesn't trade.
The company lied about Cerda's credentials and could not even get his age right at one time...
Nor could they get his second surname right. We've had two versions so far.
I disagree with you, though: I believe Mario has a great deal to do with "those things". Who's the "PayChest Team"? Kirby? I don't think so. Who's writing the PYCT PRs? Cerda? Again, I don't think so. He's Mexican, and probably his writing skills in English aren't perfect.
That said, neither are Mario's.
We can all guess why. But the SEC isn't gonna tell us, or anyone else. Except for Mario, of course, and others at PYCT.
No comments about the updated news release from Paychest today?
No PR was issued today. There was just an "update" at the PayChest website.
Amazing, isn't it? They're still prepared to throw money at anything associated with Urbie.
I feel sorry for Cohen, but she should just get in line and sue Urbie.
Your right! He lied, he posted revised Press releases and told you so.
He didn't issue any "revised" PRs. He admitted he'd lied, said what he'd lied about (everything) and then went off to mess with BCIT.
Obviously he was forced to issue that notorious PR of 4 February 2005 by the SEC. He quite clearly didn't write it himself.
I think you mean Kolt Curry, the transfer agent. He's not answering the phone for anyone. Not even the BKMP shareholders.
Registered Agent:
Name: ALTACIAN CORPORATE SERVICES, INC.
County: TETON
Address: 60 E SIMPSON AVE
PO BOX 2869
JACKSON, WY 83001
http://soswy.state.wy.us/Corp_Search_Main.asp
You'll have to plug in the name of the company; URLs for individual pages don't work.
There is always a first for everything, right?
No, actually there isn't.
As for a buyin, the price would be determined by the clearinghouses.
Yes, it's a Wyoming company. But it doesn't have any actual presence there except for its Resident Agent.
She announced the split on 13 February. The reason for it, as stated in the relevant PR, is that she screwed up the earlier forward split:
http://tools.thestreet.com/tsc/quotes.html?pg=qcn&guid={78890001-BC99-4566-B453-56C0DB96AF29}&am...
Theoretically, if there weren't enough stock for the alleged "Shorty" to cover his position, there'd be a short squeeze. When a company issued a dividend, anyone who's short on the ex date has to buy enough stock to provide the divvy to the person from whom he borrowed the stock.
But as far as I know, that's never worked for anything other than a cash divvy.
But that's still not the point of these PS, all it was used for is to expose the naked shorties if there was any.
Oh c'mon. Pearl announced the divvy long before she (quite suddenly) started yapping about "Shorty".
But I'm afraid the "total shares" number isn't rising very fast.
It's never happened because there was never actually a short position in any of the stocks that have tried this trick.
Um, I think you have some work to do. Google "buyin" (or buy in") and "short squeeze".
Oh great. And the thing's already gone seriously subpenny.
Were that to happen, the result, theoretically, should be a forced buyin and a short squeeze.
But it's not gonna happen. It never does.
lol, I think not....
Today Sandy's doing a party for her niece Miss Stephanie. Sandy says: "It's hard to get food into these kids. They just don't want to eat!"
Maybe she should consider why that might be.
bfd. Everyone (except for Pearl until now) knows about NOBO and OBO lists.
This pretty much confirms my suspicion that she's been talking to CMKXers. If Willy is among them, God help you all.
LOLOLOL!! Not that I know of, but it'd make sense.
lol, yes, like "Belgiums". Our schools are really letting us down.
LOLOL!! So CMKX dumped 703 billion shares on the market, lied about how many shareholders it had, and then got revoked, and that's all MY fault?