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I dont see what the fuss is. There are so many stock frauds that where incorporated in Nevada that CMKM is a non event. Nevada is a felons, recivists, sec violators best friend when incorporating.
Nevada is the SCAM incorporating capital of the World
Dean Heller, Shelley Berkley Spar Over Diamond Scam
Posted: 08/16/2012 9:00 am Updated: 08/16/2012 9:26 am
WASHINGTON -- Sen. Dean Heller (R-Nev.) probably never thought driving a pal's race car in 2004 could prove a campaign liability. But the joyride seems to have sparked the latest attack in Nevada's Senate race, in the form of a TV ad from his Democratic opponent, Rep. Shelley Berkley.
The spot, released late last week and roundly condemned by the Heller campaign, features Heller -- who was Nevada's secretary of state before moving to Congress in 2007 -- boasting of the job he did cracking down on fraud. It then notes that a diamond mine company allegedly carried out a $64 million fraud scheme under Heller's watch, and that Heller got a campaign donation from one of the players.
The company was called CMKM Diamonds Inc., and was found liable for selling some 800 billion shares of stock for fractions of a penny each -- nearly all of them unregistered and ultimately worthless. The firm's founder, Urban Casavant, and nine others ended up getting indicted in 2009 and 2010 by a federal grand jury in Nevada. Casavant, from Canada, is now a fugitive, the FBI said. Others also are fugitives; at least one was overseas, fighting extradition. The trial is set for January.
CMKM Diamonds, which had claimed to be digging for gems in Canada's Saskatchewan province, was also known as CMKX, the sponsor of the CMKXtreme racing series.
That's where Heller's race car ride comes in. On Oct. 30, 2004, as Heller's campaign explained it, Heller took the opportunity offered by an acquaintance, Matt Daly, to drive in the ASA Speed Truck Challenge at the Las Vegas Motor Speedway's “Bullring.” Heller, an experienced racer, knew Daly from the circuit in Northern Nevada.
The event was sponsored by CMKX, which also had its logo on Daly's cars and reportedly invested heavily in Daly's "Go Fast" racing and sports drink companies. CMKM used its race sponsorships to build credibility and left thousands of NASCAR fans with worthless investments, according to federal documents. Heller knew nothing of CMKM, his campaign said, and was simply at the race to "have fun" driving his friend's car, according to an interview he gave at the time.
But by the time Heller drove in CMKM's race, the firm, which registered in Nevada in 2002, was attracting the attention of authorities and was the subject of intense debate in online investor forums. One stock analysis site, the StockPatrol.com, was raising questions, some of them directed at Heller's office. Such questions are apparently routinely handled by staffers, although Stock Patrol reported the office was swamped with requests about the company.
Just four days before Heller had his Vegas racing debut, Canadian officials suspended trading of CMKM.
There is no indication that Heller was aware of the furor around the company. Though Heller had long sought to beef up his office's role in policing securities, such investigations are generally handled by the state attorney general. Corporate registrations in Nevada also number in the tens of thousands every year, and are handled almost automatically.
Still, the company was trading billions of shares a day, and blasted out press releases touting Heller's participation in the race. Some saw that as proof that the company was legit. Others, including Heller opponents, eventually saw it as possible evidence that Heller wasn't doing his job. Heller, according to his campaign, knew nothing about CMKM and never heard that his name was being used to promote the company.
"Dean Heller had absolutely no idea about these materials until this nonsense was being shopped around to reporters by Democratic operatives," the campaign said in a statement. "If he had, as soon as he had found out, he would have immediately asked for a cease and desist."
That wasn't the only brush Heller had with CMKM. After the U.S. Securities Exchange Commission began investigating the firm -- suspending its trading in March 2005 -- Heller scheduled a meeting in April with Urban Casavant at a Vegas hotel, listing it on his calendar as a meeting with "Urban."
Heller's campaign said neither the former secretary nor four members of his staff could recall the meeting or Casavant.
However, according to court records from the SEC case against CMKM, a lawyer for the company, Don Stoecklein, does recall a sit-down Heller held with Casavant and several others, including Bob Maheu, a Nevada legend who once served as Howard Hughes' right-hand man and had recently joined the board of CMKM.
They were looking for help sorting out the complicated issue of who actually owned the company and the billions of stock shares that were sold under the Nevada registration. According Stoecklein's sworn deposition, Heller declined to offer any advice to Casavant, saying "the problem may be far greater than the state wanted to get involved in at that point."
Stoecklein also said Heller did not know Casavant.
It is unclear whether the hotel meeting and the meeting with Maheu, Casavant, Stoecklein and at least one other person are the same, or two separate encounters.
"While Dean Heller does not remember this meeting, court transcripts show that Dean Heller did not have a relationship with the individual in question," Heller's campaign said. "Senator Heller was never contacted or questioned during the SEC investigation because he had no involvement or relationship with the company."
The Berkley campaign's ad points out one more connection -- $4,200 in contributions given to Heller in June 2006 by a man named Rendal Williams, who ran a company called U.S. Canadian Minerals Inc. Berkley's ad calls him a co-conspirator, although Williams was not indicted. His firm was mentioned in great detail in the indictment, however, which alleged it was a "shell" for CMKM that before January 2004 had been known as E-Bait Inc.
The indictment was not filed, however, until nearly four years after the contributions, and Heller's camp was especially angered by the co-conspirator line.
"Obviously, Shelley Berkley’s lies about Medicare are not working, so now she is inventing new ones," said Heller spokeswoman Chandler Smith in a statement. "Congresswoman Berkley is a desperate politician whose ambitions are being destroyed by her own ethics problems. This is a story that Shelley Berkley has been trying to sell to reporters for months, but no one would buy it because there were no facts to support her allegations. So now she has resorted to running a blatantly false negative attack in a desperate attempt to create more fiction."
Berkley herself is embroiled in an ethics probe, and some observers beyond the Heller campaign see her ad as attempt to tar Heller, a Mormon who teaches Sunday school, with ethics issues.
Noted Nevada political scribe Jon Ralston saw the issue in a similar light, hammering a fellow columnist at his paper for taking the charges seriously, saying in his morning political email that it was "drawing a still-tenuous connection between Sen. Dean Heller and a fraudster. Really? Because a bad guy invested in a company owned by a guy who Heller raced for, this is a scandal?" He added that the link was "ridiculous."
Though the CMKM probe was big enough that Heller might have known about it, no one pointed to evidence that he actually did. The only person who said he thought Heller should have known is Mark Faulk, a reporter who literally wrote the book on CMKM, and as a result served for a year as the company's CEO during the attempts to clean up the mess in the aftermath of the SEC charges.
"I would agree that it's probably overreaching to say there's evidence that Heller knew about the fraud at CMKM Diamonds. It's not overreaching to say he should have known," Faulk said.
Heller's campaign vehemently disagreed. Regardless, Heller probably wishes he was never photographed racing a souped-up truck with the CMKM logo on it and touted in a press release that could later be used against him.
Michael McAuliff covers Congress and politics for The Huffington Post. Talk to him on Facebook.
MDTC Michael Williams in Dean Heller Diamond Fraud Ad
Dean Heller Diamond Fraud Ad
Berkley's campaign ad raises a $64 million question
Shelley Berkley's campaign ad that attempts to link U.S. Sen. Dean Heller to a Nevada-based diamond mine scam was declared a fake in record time.
The television commercial accuses former Nevada Secretary of State Heller of failing to interrupt the $64 million fraud perpetrated at Urban Casavant's CMKM Diamonds Inc. while it was printing and selling, authorities alleged, 800 billion shares of worthless stock to 40,000 starry-eyed investors.
The consensus view is the commercial was an unsuccessful attempt by Berkley's campaign to adjust the focus from the House Ethics Committee probe she's facing to Heller's past as the state's supposed securities regulator.
"While Heller was supposed to be stopping fraud, a Nevada diamond company broke the law, scamming thousands of investors out of $64 million," the ad alleges.
The counterattack was immediate, the criticism unanimous.
"Obviously, Shelley Berkley's lies about Medicare are not working, so now she is inventing new ones," said Chandler Smith, Heller for Senate campaign spokeswoman. "Congresswoman Berkley is a desperate politician whose ambitions are being destroyed by her own ethics problems.
"This is a story that Shelley Berkley has been trying to sell to reporters for months, but no one would buy it because there were no facts to support her allegations. So now she has resorted to running a blatantly false negative attack in a desperate attempt to create more fiction. What's next, congresswoman? Is Dean Heller responsible for Bernie Madoff?"
Madoff, no. Casavant, yes.
In a Saturday Review-Journal report, University of Nevada, Reno political science professor Erik Herzik declared the ad "a reach and a diversion. ? She's trying to divert attention from herself. And if this is the best she's got, it's not very good."
And the Las Vegas Sun on Monday determined the Heller-CMKM advertisement was "unfair" and concluded the commercial was "laughable."
The advertisement's attempt to connect a Casavant scandal co-conspirator to Heller through a campaign contribution also received the thumbs down from political observers. That, too, was laughable.
Is the advertisement an attempt to divert attention from her ethics imbroglio?
Absolutely.
Is the CMKM-Heller issue a hollow criticism of his tenure as security of state?
Absolutely not.
As secretary of state, Heller had the challenging, some would argue impossible, task of tracking and scrutinizing Nevada-based securities. The state has been a stock grifter's paradise since shortly after statehood, so no one could reasonably expect a business-oriented bureaucrat to investigate a company as exotic-sounding as CMKM Diamonds, a controversial outfit I began writing about nearly a decade ago after scores of investors were jilted while state regulators stood silently by.
Why the inaction? Investors wanted to know, and they were stunned to find out Heller, a weekend racing enthusiast, had been driving a truck that appeared to be sponsored by CMKXtreme.com, a CMKM Diamonds affiliate. I reflected the investors' skepticism in a 2005 column.
Imagine my surprise on Monday when Smith said my report was inaccurate.
"Dean Heller is not a friend or acquaintance of Urban Casavant. Some reports have mistakenly connected Dean Heller to Mr. Casavant at an October 2004 race in Las Vegas, but in fact Dean's friend and Go Fast sponsor invited Dean to drive his car, and Dean agreed," she said in an email.
She also provided a copy of a letter from that friend, fellow racing aficionado Matt Daly. "I understand the Las Vegas Review-Journal (meaning my column) reported that the truck was loaned to Dean by Urban Casavant. The report is false, and I am willing to provide additional information as necessary," he wrote in a letter prepared for the campaign.
The confusion, he said, was that "CMKM Diamonds sponsored the ASA Speed Truck Series. As a result, the CMKXtreme.com logo was added to every truck in the series."
Daly said that he "can attest to the fact that Dean Heller drove one of the two trucks owned by Go Fast Racing LLC, a race team that I owned. We raced in the ASA Speed Truck Challenge at the Las Vegas Motor Speedway 'Bullring' on October 30, 2004."
After being introduced to Heller by a mutual friend - Rick Gosselin, Heller's Carson City car sponsor - Daly decided it was smart business to court the secretary of state.
"Since I was the distributor of Go Fast Energy Drink for Nevada, I thought sponsoring Dean's race car was a good marketing opportunity for Go Fast in the Carson City/Reno area. ... I knew that Dean was always up for new opportunities when it came to racing, and since Dean mostly raced in Northern Nevada, I figured this was something he would enjoy, a fun opportunity for me to race with him, and good exposure for Go Fast Racing in Las Vegas. So, I invited Dean to drive my truck in the race."
It was as simple and innocent as all that, Daly and Smith agree.
But Heller's friend Daly left something out of his letter.
Go Fast Nevada has benefited greatly from millions in investments from Casavant's CMKXtreme Inc.
"Beginning April 22, 2004 and continuing through January 31, 2006, Go Fast Nevada Ltd., Go Fast Racing, Go Fast Sports and Beverage Inc. and Go Fast Inc. (Hereafter referred to as Go Fast Companies) received $2,335,610 from James Kinney, P.A. Holdings, Inc., CMKXtreme, Inc., and AG Enterprises Inc.," a 2009 investor lawsuit filed in Clark County District Court alleges. "These funds were either loaned to or invested in the Go Fast Companies as a result of funds received by James Kinney from the sale of CMKM stock illegally issued by company insiders."
Stock sale records and canceled checks clearly link CMKM Diamonds executives and affiliated companies to investments in Go Fast Energy, whose Nevada distributor fails to acknowledge that relationship in his letter.
Casavant, under indictment in connection with fraud allegations, remains at large. Kinney, a securities dealer and CMKM insider, lost a December 2009 default judgment to the Securities and Exchange Commission totaling almost $7 million.
That the Heller campaign is openly trying to deceive the press on this issue is disturbing at several levels. It has single-handedly managed to turn a story the political media rushed to write off into an issue that demands greater scrutiny.
It will be a level of scrutiny former Secretary of State Heller failed to practice back when he was too busy racing to spot the scandal at CMKM Diamonds.
John L. Smith's column appears Sunday, Tuesday, Wednesday and Friday. Email him at Smith@reviewjournal.com or call 702-83-0295. He blogs at lvrj.com/blogs/Smith.
Is The USXP reciever aware of these cabins?
"Again, long story short, moved up to my family cabins on 7 acres of land in PA, and I began restoring the outside landscape (grass, rocks, stick clean up). Then I realized that this was my next start up, so with a shoe-string budget again, I finally became completely resourceful. I built a 150 split rail fence by hand, I power washed all the cabins, I painted the shutters, I replanted the flowerbeds, I lugged huge wood stumps and clutter off the property, and created a blog to show family and friends what I was up to."
http://brianaltomare.blogspot.com/2009/01/continued-from-homepage.html
Last Event REVOKED FOR ANNUAL REPORT Event Date Filed 09/26/2008
Detail by Officer/Registered Agent Name
Foreign Profit Corporation
UNIVERSAL EXPRESS, INC.
Filing Information
Document Number F98000002881
FEI/EIN Number 112781803
Date Filed 05/15/1998
State NV
Status INACTIVE
Last Event REVOKED FOR ANNUAL REPORT
Event Date Filed 09/26/2008
Event Effective Date NONE
Principal Address
1230 AVE OF THE AMERICAS
771
NEW YORK NY 10020
Changed 05/14/2002
Mailing Address
1230 AVE OF THE AMERICAS
771
NEW YORK NY 10020
Changed 05/14/2002
Registered Agent Name & Address
CORPORATION SERVICE COMPANY
1201 HAYS STREET
TALLAHASSEE FL 32301-2525 US
Officer/Director Detail
Name & Address
Title CPST
ALTOMARE, RICHARD A
1350 BROADWAY, SUITE 1203
NEW YORK NY 10010
Annual Reports
Report Year Filed Date
2005 04/22/2005
2006 05/24/2006
2007 04/17/2007
Document Images
'Who's Bud Burrell?' and Other Questions Richard Altomare Won't Answer
http://garyweiss.blogspot.com/2007/12/whos-bud-burrell-and-other-questions.html
Bud Burrell Dissed by Bloomberg:
---------------------------------------------
News Media Silenced Regarding Stock Shock-The Movie
June 9th, 2009
By Brandon Matthews
On the eve of the release of the most anticipated documentary of the year, “Stock Shock-The Movie,” it has come to the attention of Satwaves that the financial news media is being silenced regarding its content and release. While I was in New York City several months ago being interviewed on film, I learned that Bloomberg had taken an interest in telling the story of Stock Shock. The documentary itself tells the tale of naked short selling and media bias as it relates to the story of Sirius XM Radio (SIRI).
Bloomberg’s award winning journalist Gary Matsumoto has written extensively in regards to naked short selling. As recently as last March, Mr. Matsumoto had written an article on the subject stating that “The biggest bankruptcy in history might have been avoided if Wall Street had been prevented from practicing one of its darkest arts.” Naked short selling opponents picked up this article as ammunition to further their cause.
Director Sandra Mohr had been interviewed for both a taped piece as well as a written piece while in N.Y., both of which were to be released prior to Stock Shock’s June 10, 2009 debut. Satwaves has learned that neither of these pieces will ever be seen by a single American investor.
In what can only be described as apparent censorship by Bloomberg, Satwaves has acquired a copy of an email from Mr. Matsumoto regarding Bloomberg’s newly adopted position on what qualifies as market related news.
Mr. Matsumoto writes:
“I’m sorry to say that I will not be covering anything related to naked short selling for the foreseeable future. To the best of my knowledge, No one at Bloomberg News is interested in naked short selling. That’s all I have to say on the matter”.
The tone of this response would seem to indicate remorse on the part of Mr. Matsumoto, and leaves us only to speculate on his seeming regret to no longer cover the topic of naked short selling. Has Bloomberg, a trusted source of supposed unbiased financial news put up roadblocks to the truth? If so, how can they or any other financial news media giant be trusted to deliver the news to mainstream America. Has the freedom of the American Press finally been silenced after more than 200 years? If so, can the end of the American dream be far behind?
Position: Long SIRI
Q. Who's Bud Burrell?
A. I respectfully decline to answer that question based upon my constitutional rights as guaranteed to me by the 5th Amendment of the United States Constitution and the same rights provided to me in the Constitution of the State of Florida.
Q. Is Bud Burrell on the Universal Express payroll?
A. I respectfully decline to answer that question based upon my constitutional rights as guaranteed to me by the 5th Amendment of the United States Constitution and the same rights provided to me in the Constitution of the State of Florida.
Q. Didn't Bud Burrell have a company called Quantum Matrix that you were paying $4,000 to every so often?
A. I respectfully decline to answer that question based upon my constitutional rights as guaranteed to me by the 5th Amendment of the United States Constitution and the same rights provided to me in the Constitution of the State of Florida.
Bud Burrells company PRIVATE TRADING SYSTEMS INC.
-------------------------------------------------
Arrow Futures Advisory Notice re Anglo Swiss Consulting
Written by Will Graham
Sunday, 13 January 2008
US-based Commodity Brokerage Arrow Futures wishes to warn investors against entering into any trades with a company identifying itself as Anglo Swiss Consulting.
Arrow Futures have released this statement to advise members of the public that an organisation identifying itself to US individuals as:
Anglo Swiss Consulting
is not authorised under the Financial Services and Markets Act 2000 (FSMA) to carry on a regulated activity in the US. Regulated activities include, amongst other things, advising on investments and dealing and arranging deals in investments ('investments' include stocks and shares). We believe that the organisation may be targeting US customers.
The latest companies that these particular people are promoting are:
PRIVATE TRADING SYSTEMS INC.
NASDAQ OTCBB: PVTD.PK
http://www.pvtd.com
Golden Dynasty (ca:gly) (moving to the aim and ASX)
www.goldendynasty.ca
Source: Arrow Futures
Hototc.com has been compensated by a third party Quality Stocks LLC fifteen thousand dollars for a one month EGTK advertising services contract. Hototc.com has been previously compensated by a third party Quality Stocks LLC ten thousand dollars for a one month EGTK advertising services contract which has expired.
From: Hototc.com <info@hototc.com>
To: xxxxxxxxxxxxxxxxx
Sent: Wed, 27 May 2009 6:30 pm
Subject: HotOtc.com - Watch List for Thursday - EGTK
Watch List for Thursday 5-28-2009
My new big pick is EGTK.
One of the biggest complaints I hear from people is that many of my alerts are already way up. What most people fail to understand is that penny stocks can make multiple day moves, a 50% gain today can be easily followed with another 60% tomorrow. This is usually due to the low price of these stocks.
Anyways EGTK hasn't moved up yet so I hope this makes some everyone happy. EGTK has been trading pretty flat lately so the potential is there!
EGTK was brought to my attention a while back and after taking a careful look at the company I believe EGTK could be one the most exciting companies I've come across in a long time. Two other companies you might want to keep an eye on is HRNF and P SPF.
EGTK could be a huge winner for many reason so put it on your watch list immediately!!
Natural gas is taken for granted because we use it everyday for our cooking and heating needs, but very few people know that it can be used to power vehicles.
EGTK has developed a natural gas system for motorized scooters and bikes. We don't see many of these vehicles in the US but it's the main form of transportation in Asian countries.
Currently there are over 300 million motorized 2- and 3-wheelers on the road. In addition, the 2- and 3-wheel market is the world's fastest growing automotive segment. Today there is a lack of commercially viable fuel alternatives for these small vehicles.
Natural gas emits up to 95% less pollution than gasoline of diesel and is less expensive. Natural gas is also more plentiful around the world and one of the main reasons why Asian countries have shown a great interest in EGTK's technology.
EGTK has started an initiative to convert tricycles to operate on natural gas ("NG") in Metro Manila, as requested by the Government of the Philippines. The tricycles were to be displayed by the company to officers of the executive government a few weeks ago.
The request of EGTK to convert the vehicles with the proprietary CNG Lite system based on ANG technology was made by the Filipino Department of Energy.
This is going to be huge for EGTK. There are millions o f motorized bikes in Asia so those that get involved with EGTK right now could be rewarded handsomely!!
Start your research and read up on EGTK at http://www.energtek.com
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.
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Hototc.com which is run by Ex Investors Associate Boiler room broker Stephen Apolant
The IHUB indicted promoter liked USXP http://investorshub.advfn.com/boards/read_msg.aspx?message_id=11794049
OWNERS GROUP ENTERTAINMENT INC SEC
General: REGDEX (01/29/07) | REGDEX/A (01/29/07) | REGDEX (11/03/06) | REGDEX/A (11/15/06) | ...
http://edgarest.com/search?q=TOGI
TOGI ENTERTAINMENT INC http://us1.institutionalriskanalytics.com/SEC/SEC_Listing.asp?yr=2006&cik=1381475&s=KA&b=
Wonder what the paper filings say?
AR passes the NSS batton to Bud Burrell
----------------------------------------------
Panelists include David E. Wenger, a 20-plus year securities industry veteran and founder and chief executive officer of Shareholder Intelligence Services LLC; James Wesley Christian, a securities attorney and partner at Christian, Smith & Jewell who has led a two law firm consortium pursuing brokerage and clearing firms in six states (in state and federal court) for stock fraud and manipulation; and C. Austin Burrell, a 30-plus year Wall Street consultant widely known for his writings on securities fraud, particularly relating to naked short-selling, sale of unregistered securities, counterfeiting of commercial securities, failures to deliver, offshore banking, money laundering, and tax evasion by organized crime.
http://www.marketwatch.com/news/story/Announcing-RedChips-2008-Elite-Investment/story.aspx?guid=%7BAB63C65F-3A01-450C-9D88-ABD5AF87467E%7D
Announcing RedChip's 2008 Elite Investment Conference: Nov. 5th in New York City
The Event Features an Expert Panel Discussion On Naked Short-Selling, Nov. 5, 2008 At the Harvard Club of New York, 8 a.m. to 5:30 p.m. EST
Last update: 2:39 p.m. EDT Oct. 29, 2008
ORLANDO, Fla., Oct 29, 2008 (GlobeNewswire via COMTEX) -- RedChip Companies, Inc. today announced that the CEOs and executive teams of emerging small-cap companies will deliver financial presentations during RedChip's Elite Investment Conference, a one-time only, single-track event to be held Nov. 5, 2008, from 8 a.m. to 5:30 p.m. on the main floor of the Harvard Club in New York City (35 West 44th Street). The event will also feature an expert panel discussion on naked short-selling, counterfeit shares, stock kiting, failures-to-deliver, and trading surveillance.
Panelists include David E. Wenger, a 20-plus year securities industry veteran and founder and chief executive officer of Shareholder Intelligence Services LLC; James Wesley Christian, a securities attorney and partner at Christian, Smith & Jewell who has led a two law firm consortium pursuing brokerage and clearing firms in six states (in state and federal court) for stock fraud and manipulation; and C. Austin Burrell, a 30-plus year Wall Street consultant widely known for his writings on securities fraud, particularly relating to naked short-selling, sale of unregistered securities, counterfeiting of commercial securities, failures to deliver, offshore banking, money laundering, and tax evasion by organized crime.
RedChip Investor Conferences feature networking events and financial presentations by small-cap companies representing a broad range of sectors including Alternative Energy, Telecommunications, Technology, Energy, Consumer Goods, Healthcare, Biotechnology, Services, and more.
The November 5th conference will include presentations by the following companies:
Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW:
quantum fuel sys tech worldw com
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1:45pm 10/31/2008
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QTWW 0.75, +0.05, +7.1%) ; ZBB Energy Corporation (ZBB:
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ZBB, , ) ; Worldwide Energy & Manufacturing USA, Inc. (WEMU:
WEMU
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BLSW
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BLSW, , ) ; Elephant Talk Communications, Inc. (ETAK:
ETAK
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ETAK, , ) ; EnterConnect Inc. (ECNI:
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ECNI, , ) ; ERHC Energy Inc. (ERHE:
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ERHE, , ) ; Adventus Technology Inc. (Private); ZAGG, Inc. (ZAGG:
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ZAGG, , ) ; Bioheart, Inc. (BHRT:
BHRT
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RedChip investor conferences are a nationally known forum for emerging small-cap companies to present their stories before hundreds of retail brokers, institutional brokers, fund managers, portfolio managers, accredited investors, and research analysts whose disciplined focus towards the small-cap markets represents their core investment strategies.
During the event, Wall Street Webcasting will provide video streaming services via http://www.redchip.com so investors around the world can view company presentations live. Participating investors will have the opportunity to meet one-on-one with the CEOs of presenting companies.
Attendance is free, but preregistration is required and seating is limited. A $25 entrance fee will be charged at the door for non-registered individuals. To register online, please visit http://www.redchip.com/visibility/conferencePages/NewYorkNovember2008/conferenceMain.asp or call 1-800-RedChip (733-2447), Ext. 127.
Preregistered attendees are also invited to the closing cocktail reception to be held on November 5th, from 4:30 p.m. to 5:30 p.m. at the Harvard Club, featuring an open bar, hors d'oeuvres, and prize giveaways.
Sponsors for this event include Wall Street Webcasting, Friedman LLP, Michael Bass Group and NASDAQ OMX.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Orlando, Florida; Shanghai; and Paris, with affiliates in Atlanta and New York. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
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Bud Burrell talks about Universal Express
Bud Burrell on FSN about short selling, hedgefunds
Does he teach about stock fraud? http://biz.yahoo.com/prnews/080616/cnm021.html?.v=30
Since 2003 CMKX/Casavant been running naked short selling scam promotion
"Third, CMKI has been informed that majority shareholders plan on holding their shares in certificate form indefinitely if it helps the Company combat "naked short selling". Under a naked short sale, short positions are not declared, shares are not borrowed to cover the short sale, and the shares are sold without delivering the stock to the purchaser. Real shareholder ownership is undermined by naked short sales of stock and failed deliveries of real certificates that artificially inflate ownership and devalue the price of the securities."
http://74.125.39.104/search?q=cache:SSvNFaOBJsYJ:findarticles.com/p/articles/mi_m0EIN/is_2003_Jan_7/ai_96198036+%22Casavant+Mining+Kimberlite+International+Announces%22+naked&hl=en&ct=clnk&cd=1&gl=us&ie=UTF-8
Casavant Mining Kimberlite International Announces
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Jan. 7, 2003
Casavant Mining Kimberlite International Inc. (OTCBB:CMKI) announced today a series of corporate initiatives in advance of the January 15, 2003 majority shareholder meeting to be held in Las Vegas, NV.
First, CMKI is encouraging every shareholder to hold his shares in certificate form and if the shares are held in street name to make sure that he registers the shares in his own name to make sure the shareholder is properly identified in the official shareholder's audit that is being conducted by the Company and its Transfer Agent. The purpose of the audit is to make sure that every shareholder of record is identified for purposes of the CMKI's mandatory share and cash dividend policy. The share and cash dividend policy is explained below in fuller detail.
Second, CMKI will be contacting the broker-dealer and market maker community to request their cooperation in the shareholder audit. In this regard, CMKI has identified the following market-makers who are active in the Company's shares based on information obtained on January 6, 2003 at www.otc.bb.com, as follows:
AGIS Aegis Capital Corp.
BAMM Brokerage America, Inc.
BMAS BMA Securities
BPAT Baird, Patrick & Co., Inc.
CLYN Carlin Equities Corp.
DOMS Domestic Securities, Inc.
FRAN Wm. V. Frankel & Co., Inc.
GNET Globenet Securities, Inc. (1)
GNLN Gunallen Financial, Inc.
GVRC GVR Company LLC
HILL Hill Thompson Magid, L.P.
JEFF Jeffries & Company, Inc.
LTCO Ladenburg, Thalman & Co., Inc.
MAYF May Financial Corporation
MHMY M. H. Meyerson & Co., Inc.
NAIB Global Partners Securities Inc.
NATL National Securities Corporation
NITE Knight Securities, L.P.
PGON Paragon Capital Markets, Inc.
PILL Phillip Louis Trading Corp.
PRGM Program Trading Corp.
PUGS Puglisi & Co.
QUIN Park Financial Group, Inc.
SCHB Schwab Capital Markets, L.P.
SEAB Seabord Securities, Inc.
TDCM T.D. Waterhouse Capital Markets
VFIN Vfinance Investments, Inc.
(1) Globenet Securities, Inc. was an active market maker during part of the trading day on January 6, 2003, but later "excused" itself from market making activities.
Third, CMKI has been informed that majority shareholders plan on holding their shares in certificate form indefinitely if it helps the Company combat "naked short selling". Under a naked short sale, short positions are not declared, shares are not borrowed to cover the short sale, and the shares are sold without delivering the stock to the purchaser. Real shareholder ownership is undermined by naked short sales of stock and failed deliveries of real certificates that artificially inflate ownership and devalue the price of the securities.
Fourth, CMKI, as previously announced, plans on approving at its majority shareholder meeting a mandatory share and cash dividend policy. The share dividend policy reflects the Company's acquisition strategy that identifies undervalued take-over targets in mineral resource and related businesses. The Company is currently evaluating 7 companies each of whom will benefit from new managerial economic assessment, asset appraisals, accounting peer review and legal restructuring.
Fifth, CMKI believes that its shareholders and the targeted company's shareholders will best benefit from a "cross-dividend" policy. For example, if CMKI acquires a new target company in an exchange of shares, CMKI will pay its shareholders a mandatory 8% dividend of the total number of shares exchanged with the new target company. The shareholders of the new target company will be treated with the same fairness and therefore will be entitled to receive a mandatory 8% dividend of the total number of CMKI shares exchanged with the new target company. Since the mining and mineral resources business is highly fragmented, CMKI believes that its acquisition strategy will provide a way to leverage its assets into a larger more diversified portfolio of companies.
Sixth, CMKI believes that its cross-dividend policy will result in share dividends being issued in the 3Q03. The legal audit of its shareholders of record will speed up this process. Further, CMKI has structured its mandatory 10% cash dividend policy (which is based on its net earnings) to benefit those shareholders of record on the declared dividend date.
Seventh, CMKI believes that its acquisition strategy, spearheaded by the Casavant Family, will require the addition of a seasoned management team. Accordingly, the Board of Directors has nominated Jay McFadden to become Vice-Chairman and Chief Executive Officer, David Bending as President and Chief Operation Officer, and Rick Taulli as Secretary. Messrs. McFadden, Bending and Taulli are currently affiliated with Juina Mining Corporation. See www.juinamining.com. The Board of Directors has nominated David DeSorneau as Treasurer. Mr. DeSorneau was previously a consultant to CMKI. See December 3, 2002 Press Release. The nominations will be voted upon by the majority shareholders at the January 15, 2003 meeting.
Eighth, CMKI will be a featured guest on the news talk radio show "Not for Widows and Orphans", hosted by international economist Mike King at Princeton Research, Inc. The radio talk show is broadcast live via the internet every Sunday evening. The talk show schedule is available at www.princetonresearch.com .
FORWARD LOOKING STATEMENTS
This Press Release contains "forward looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this Press Release other than statements of historical fact are "forward looking" statements. Although Management believes that the expectations reflecting in these forward looking statements are reasonable. It can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this Press Release.
COPYRIGHT 2003 Business Wire
COPYRIGHT 2003 Gale Group
StratoComm's chief indicted for fraud
Defendant denies guilt in $45,000 Troy development deal
By LARRY RULISON, Business writer
Click byline for more stories by writer.
First published: Saturday, June 7, 2008
COLONIE -- The chief executive of StratoComm Corp. in Colonie was indicted earlier this week on charges related to an allegedly fraudulent real estate deal in Troy several years ago.
Roger Shearer, 61, of Latham was indicted by an Albany County grand jury on June 3 on two counts each of third-degree larceny, first-degree scheme to defraud, and securities fraud, all felonies.
The indictment was unsealed Friday. Attorney General Andrew Cuomo's office, which is prosecuting the case, said that in 2003 and 2004, Shearer allegedly solicited $45,000 from investors in a Troy waterfront development project called Gateway Commons that never materialized.
Cuomo is accusing Shearer of keeping the money after learning that the deal was going to fall through.
"My office will not stand for such abuses," Cuomo said in a statement.
A copy of the indictments lists the two investors in the deal as Charles McDonald and Dale Moretz, although no addresses are given.
Reached by telephone Friday, Shearer referred questions to his attorney, E. Stewart Jones of Troy.
Jones said Shearer is not guilty and has been repaying both the principal and interest to the investors. He said his client has even signed a confession of judgment.
"There was no crime because there was never any criminal intent," Jones said. "Roger agreed to pay them back. These were sophisticated investors. It (the project) simply was not able to get off the ground."
Shearer was arraigned Friday in Albany County Court and released under probation supervision pending a July 18 hearing. If convicted, he could face up to seven years in prison.
Although it is a publicly traded company -- the company's shares (OTC: STCO) were trading for 12 cents this week on the Pink Sheets -- Shearer's StratoComm is a relatively low-profile company in the Capital Region.
The company is developing telecommunications systems for the Third World and has a small office on New Karner Road in Colonie and a research and development office in New Jersey.
StratoComm announced a $45 million sale in Cameroon in November and a $15 million sale in Madagascar in February, but Shearer declined repeated interview requests from the Times Union to discuss the deals at those times. The company's annual report posted on the Pink Sheets Web site shows the company had zero sales and $1.5 million in losses in 2007.
Back in 2001, the Securities and Exchange Commission imposed a cease-and-desist order on Shearer, saying he violated securities regulations when raising money for two other companies he ran. As part of a settlement, Shearer neither admitted or denied the SEC's findings.
Larry Rulison can be reached at 454-5504 or by e-mail at lrulison@timesunion.com.
FBI Halts Some Cases to Investigate Mortgage Frauds (Update1)
By Robert Schmidt
June 12 (Bloomberg) -- The U.S. Federal Bureau of Investigation, confronting a surge in mortgage fraud, has ordered more than two dozen of its field offices to stop probing some financial crimes so agents can focus on the subprime crisis.
Kenneth Kaiser, chief of the bureau's criminal investigative division, issued the directive late last week on a video conference call with the heads of 26 offices in areas where mortgage crime is rampant, said Bill Carter, an FBI spokesman in Washington.
Carter said the shift was made after an analysis of how agents are spending their time. The FBI traditionally has moved investigators to address urgent needs, he said. About 150 agents were working on more than 1,300 mortgage cases before the change.
``If you're seeing a significant crime problem, you have to move resources,'' Carter said yesterday. ``We've got a big problem with mortgage fraud.''
The subprime loan crisis sparked a collapse in the credit markets and triggered almost $400 billion in losses and writedowns on Wall Street. It has also driven hundreds of thousands of families from their homes as foreclosures hit record numbers.
At the FBI, white-collar fraud became less of a priority when President George W. Bush ordered the agency to concentrate on national security after the Sept. 11 terrorist attacks. Lawmakers have also criticized the Bush administration for reducing funding for crime fighting.
`No Surprise'
``It comes as no surprise that law enforcement is spread too thin to cover all the bases,'' Senator Joseph Biden, a Delaware Democrat and member of the Judiciary Committee, which oversees the FBI, said in an e-mailed statement. ``Over the past several years, the administration has reassigned as many as 2,400 FBI agents from fighting crime to combating terrorism without replacing them.''
The 26 field offices were told to temporarily suspend opening new cases dealing with price fixing, mass marketing, wire fraud, mail fraud and environmental crimes, Carter said. Current cases aren't being dropped, he said. The FBI has 56 field offices and about 12,000 agents.
Carter said the bureau is ``not walking away'' from pending investigations. ``We're just saying, `Don't open any new cases,''' he said.
The affected FBI offices are in states including Florida, Georgia, California, Nevada, Arizona, Texas, New York, Ohio, Michigan, Illinois, Indiana and Minnesota, he said. All are considered mortgage fraud ``hot spots,'' he said.
Public Message
``This is clearly intended to send a public message that the bureau is taking these matters seriously,'' said Joshua Hochberg, a former chief of the Justice Department's fraud section who is now a partner at the McKenna Long & Aldridge law firm in Washington.
FBI Director Robert Mueller told Congress in April that he had seen a ``tremendous surge'' in cases related to subprime loans, which are made to borrowers with poor credit.
The cases, known as loan-origination fraud, involve schemes to flip properties for a quick profit, cheat banks or rip off homeowners facing foreclosure. Targets of investigations can include real-estate agents, home builders, lawyers, appraisers and borrowers.
One measure of the increase: Last fiscal year, which ended Sept. 30, the FBI received almost 47,000 so-called Suspicious Activity Reports detailing potential mortgage crimes, a 31 percent jump over the previous year. In the first half of 2008, there already have been 38,000 reports.
$813 Million
While the FBI says it's impossible to measure the amount of money lost from mortgage frauds, a study it issued in May said 7 percent of last year's Suspicious Activity Reports provided loss amounts, which totaled more than $813 million. That number ``is just the tip of the iceberg,'' Kaiser said at the time.
Mueller has been reluctant to ask for additional money for the mortgage investigations. Maryland Senator Barbara Mikulski, who heads the appropriations subcommittee for the FBI, urged him during his April testimony to list his budget needs to tackle the mortgage problem.
``Diverting FBI resources to deal with cases of mortgage fraud is exactly what Chairwoman Mikulski wants to avoid,'' Melissa Schwartz, a spokeswoman for Mikulski, said late yesterday. Mikulski, a Democrat, will continue to work to get the bureau the resources it needs, her spokeswoman said.
Speaking to reporters in April, Mueller said the agency will be able to do its job.
Enron and WorldCom
``We'll put whatever agents onto this as necessary to address it,'' he said, likening the subprime cases to the accounting frauds investigated by the FBI earlier this decade beginning with the collapses of Enron Corp. and WorldCom Inc.
``It took the same type of team approach, agents, accountants, prosecutors, to address that wave of cases,'' Mueller said. ``And we did successfully in my mind address that wave of cases, and we'll do the same with this wave.''
Attorney General Michael Mukasey said last week that the Justice Department, the FBI's parent agency, won't create a national task force to combat mortgage fraud as the government did with corporate crime after Enron.
``This isn't that kind of phenomenon,'' he said.
To contact the reporter on this story: Robert Schmidt in Washington at rschmidt5@bloomberg.net.
Last Updated: June 12, 2008 12:48 EDT
No doubt there is a criminal investigation. There have been many times I thought indictments would happen in securities fraud cases and they never happened.
Since it has not happened I remain skeptical.
I also question why the SEC did not charge the CMKX stock promoters or those who got free shares for touting CMKX. Those include the current CEO of CMKX who got free shares.
Two face Faulk still promotes the Green Barron, Matt "The million CMKX millionaires" Chipman http://www.cfrn.net/ on the CFRN site. The Green Barron to this date still promotes many of the penny stocks CFRN promotes on their web site as good investments
Faulk has no morals, neither does Dwayne Reeves".
AR went to jail for contempt. Big difference.
Dvorak is involved in a civil trial and not criminal. There is no jail for civil cases. There is no guilty or not guilty.
The Urban Casavant Project
-Like Droppin a Bomb
IBC Radio Feat.
Melvin O'Neil Dance Remix
http://yazzi.com/cmkx/audio/likedroppinabomb.htm
Melvin O'neil melvin@mycomputerguys.ca
Melfort, SK.
Website Promotion
http://www.mycomputerguys.ca/contact.html
"Mr. John Martin has assembled a team that will be working around the clock until Monday evening to assemble the information necessary to prove once and for all that "Naked Shorting", really does exist."
http://christiantraders.com/inthepress/5505.html
A grass roots movement spearheaded by Mr. John Martin, will address the issue of "Naked Shorting" next Tuesday during the SEC administrative hearing in Los Angeles. An interview with Attorney Bill Frizzell will be broadcast live today at 10:45AM Pacific Time on CFRN.
Phoenix, AZ (PRWEB) May 6, 2005 -- Christian Traders - http://christiantraders.com, the internet's fastest growing faith-based online investment community, in partnership with CFRN - the world's first Christian Financial Radio Network, is conducting an exclusive in-depth interview with Mr. Frizzell today. The interview will be broadcast at 10:45AM PST online at http://cfrn.net .
A grass roots movement spearheaded by Mr. John Martin, will address the issue of "Naked Shorting" next Tuesday during the SEC administrative hearing in Los Angeles. An interview with Attorney Bill Frizzell will be broadcast live today at 10:45AM Pacific Time on CFRN.
Mr. John Martin has assembled a team that will be working around the clock until Monday evening to assemble the information necessary to prove once and for all that "Naked Shorting", really does exist. With numerous data entry clerks, multiple fax machines, and computers back to back, this is a true grass roots effort. This is the American people taking back America.
The assistance of every CMKX shareholder is being requested. Complete details and instructions are located at http://christiantraders.com on the CMKX forum page. CFRN has also been invited to provide media coverage of the SEC hearings next week.
According to Mr. Martin and shareholder attorney Bill Frizzell, the management of CMKX fully supports this action. The motion is not a lawsuit against or involving CMKM Diamonds. It is simply a formal request on behalf of CMKX shareholders to have a seat at the table during the current matters involving the Company and the SEC. More importantly, this motion gives Mr. Frizzell the right to cross examine witnesses during the proceedings. If you are a current CMKX shareholder or other interested party and would like to join in the Motion to Intervene as a formal participant simply visit http://christiantraders.com as mentioned above.
Portfolio Builders:
Christian Traders continues to focus on their top two Portfolio Builders, AZCO Mining - AZMN - and A.G. Media Group - AMGJ.
Press Releases:
All recent CT Press Releases can be viewed at http://christiantraders.com/inthepress .
Disclaimer: Christian Traders Inc. is not a registered securities firm. CT is not a licensed securities broker or financial planner. Any information contained in this press release, at http://christiantraders.com , or on "Prosperity for God's People", is simply the opinion of this editor, CT, guests, columnists or members. Christian Traders does not accept cash, stock, warrants, or promises thereof, to select or profile any company. CT brings new meaning to the term - "Investor Relations". He actually works for you, the investor, broker, or fund manager.
A detailed disclaimer regarding CT's MODAR™ - Momentum Radar Real Time Alert Service, is available at http://christiantraders.com/modar .
http://christiantraders.com/inthepress/5505.html
Hodges and Associates can guide you through the asset protection "maze" and leave you with peace of mind (and wallet).
http://www.hodgesandassociates.com/index.php?option=com_content&task=view&id=21
BUSINESS, TAX AND ASSET PROTECTION
Business asset protection is not only legal, it's a freedom protected by the U.S. Constitution. Imagine that!
The average person would be completely surprised at how many of our politicians and well known corporate giants have gone offshore to safeguard their millions of dollars of assets.
Researching asset protection strategies and then taking appropriate action to protect your business and personal assets is quite possibly one of the most important and intelligent financial decisions you may ever make.
So, speak with an asset protection consultant and attorney now, before it's too late. The cost of putting these asset protection strategies to use will be very small compared to the cost of losing your home, automobiles, retirement, and investment accounts - not to mention the unimaginable stress that you can avoid.
Every asset portfolio is different and deserves individual attention. You don't have to be "super rich" or "super wealthy" to justify protecting what you do have. One of the newer and more egregious crimes of our modern era is "Identity Theft", just one reason we should all err on the side of caution by protecting what we have worked so hard to acheive. Hodges and Associates can guide you through the asset protection "maze" and leave you with peace of mind (and wallet).
The Baloney Martyr Ends First Month of Captivity
http://garyweiss.blogspot.com/2008/06/baloney-martyr-ends-first-month-of.html
His ultimate goal of creating a million millionaires now rests on the shoulders of those of us who have been given this opportunity to believe and share in the great wealth that God is providing for us through this loving man.
By: kevinw777
19 Sep 2004, 04:16 PM EDT
Msg. 83251 of 346247
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Good work Chris and thank you for sharing your DD with us. I know there have been so many thoughts as to what is happening, but the end result is the same. UC is a man of his word and his foremost thought is/has always been the shareholders of this company. His ultimate goal of creating a million millionaires now rests on the shoulders of those of us who have been given this opportunity to believe and share in the great wealth that God is providing for us through this loving man.
"We the people" that become the first millionaires must do the right thing with our wealth and create more opportunities for many more people to become millionaires. UC is only one man, his goal is real! But, it will take those of us so inclined to see his vision, to finish accomplishing his goal.
If everyone would stop and realize what we truly have here, they would not have to panic and doubt any longer. If you only can believe with faith the size of a mustard seed.... as a united "people", we can move mountains. The destruction to this great country that the greedy and power hungry wealth of past and present generations can be changed to good. I believe God is in the process of creating a re-distribution of wealth in this country that will impact the entire world. America is the land of the free, we have to make sure it stays that way! (and re-form the freedoms that have already been taken away)
Those that bash, naked short or in anyway try to disrupt God's plan in even the slightest way will reap what they have sown.. IMO
God bless all,
KW
Please help give someone a "Hand UP" today.
http://ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=83251
Kevins $5 CMKX GTC order
By: kevinw777
14 Jun 2004, 12:42 PM EDT
Msg. 20743 of 346247
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E-trade says market makers (GVRC and NITE) will not accept my sell order on 5,000,000 shares @ $5. However, in my other E-trade account, they did accept 100,000,000 shares @ $5.
Don't know EXACTLY what's going on with that logic, but I would say naked short shares has much to do with it! IMHO, of course
kw
Well Kevin got the domain name right lol
By: kevinw777
28 May 2004, 07:38 PM EDT
Msg. 8691 of 346247
Jump to msg. #
Sterling
I have a domain name that I have had on hold for a long time. Maybe we could find one of our "team-mates" here to build a website for CMKX shareholders. e-mail me if you like the idea. CONVICTIONS.com is the domain name.
god bless kw
http://ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=8691
By: kevinw777
28 May 2004, 05:37 PM EDT
Msg. 8623 of 346247
Jump to msg. #
My company owns 100 million shares of CMKX... we believe that Urban knows how to play this game and is playing it well. Who else out there owns at least this many shares? tia
kw
http://ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=8623
But CMKX is different, because it appears to have value and lots of it!
Could it be those pesky counterfeit shares that are held by many thousands of shareholders? OHHHHHHH now I see a reason to get rid of CMKX!
http://ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=195114
By: kevinw777
14 Apr 2005, 05:06 PM EDT
Msg. 195114 of 346247
Jump to msg. #
My response from the SEC last night...
America wants to Know!
The SEC s refusal to answer a Yes or No question, gets even better!
by: Kevin M. West
Yesterday I wrote an article about sending a simple one sentence question to the SEC. The email in question:
I am a shareholder in CMKM Diamonds, is the SEC going to protect my rights as a shareholder in this hearing on April 25th?
Keep in mind, the SEC mission statement reads like this: The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities markets.
Ok, you guessed it . If the question basically asks for a confirmation of the mission statement, then the answer would have to be a Yes. I agree. But, why wouldn t the SEC want to answer this?
Well, first you must know that Leslie Hakala actually did send me a personal response within approximately 30 minutes of the CMKM Diamonds conference call with Judge Brenda Murray, Leslie Hakala, John Bulgozdy, Donald Stoecklein and Bill Frizzell. Now, why would she write me so quickly after this call?
Well, Leslie wrote me the following email, it states:
Dear Mr. West,
I apologize for the delay in replying to your email - I have been out of the office, and today is my first day back.
I understand your frustration. Please be assured that the Commission staff takes very seriously its responsibility to represent investor interests in all matters, including
administrative proceedings. Please understand, however, that the Commission staff does not and cannot act as legal counsel for any particular individual or shareholder.
I hope this helps resolve your concerns. Please feel free to contact me with any other questions I may be able to answer.
Sincerely,
Leslie Hakala
Now, my email again:
I am a shareholder in CMKM Diamonds, is the SEC going to protect my rights as a shareholder in this hearing on April 25th?
And the SEC s mission statement again:
The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities markets.
How many people can see anywhere in that question that I ask for legal advice or ask anyone to act as legal council or even ask any question that pertains to the case matter? Maybe the SEC is stating that because I am a particular individual or shareholder, they can t tell me that they intend to abide by their mission statement. Maybe I am missing something here, but I don t think so.
Here is what I do see:
I see the SEC trying to keep shareholder s eyes out of this case as evidenced by the SEC not wanting a shareholder s representative included in the hearing.
I see that the SEC urged the Court to consider summary disposition (rule in favor of the SEC without a hearing)
I see the SEC not wanting to tell shareholders that they will protect their investment rights. The rights that we as taxpayers and citizens of the United States pay them to do.
How can they do all of this and still protect our rights as shareholders and investors? Because they cannot accomplish their mission, that s why. If the SEC revokes a company that has considerable assets and leaves thousands of shareholders stuck with shares that are worthless on the market, then how can anyone consider that to be protecting us? I know I sure won t feel protected if the SEC takes away my investment, would you?
The Biggest question is the question WHY? Why would the SEC want to do away with a company that appears to have considerable assets? Especially when some other type of enforcement action could make the company file by a certain date, slap a fine (SEC gets money) on them and let the company s new and extremely proven and able Co-Chairman, Bob Maheu, get the company reporting again?
That question really bothers me. The SEC would rather take money away from thousands of investor s portfolios than fix the problem and PROTECT the investors!
They can t use that same old line that they are looking out for the possible would be new investors. That line only works for companies that are scams and have no assets. The current shareholder s shares wouldn t have any value in that case anyway. But CMKX is different, because it appears to have value and lots of it!
Could it be those pesky counterfeit shares that are held by many thousands of shareholders? OHHHHHHH now I see a reason to get rid of CMKX!
Stand up America , and TAKE YOUR COUNTRY BACK!
Sincerely,
Kevin M. West
http://www.ahandup.us/america_wants_to_know_3.htm
In July of 2004, Mr. Casavant suffered a stroke which left him with no alternative but to rely upon the professionals he had retained to oversee the Company operations.
http://ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=196777
By: kevinw777
17 Apr 2005, 08:07 PM EDT
Msg. 196777 of 346247
Jump to msg. #
America needs to Know: What game is being played with CMKM Diamonds, Inc.?
By: Kevin M. West
The Los Angeles office of the SEC is taking CMKX (CMKM Diamonds) to an Administrative hearing on May 10th to try and revoke their listing as a public company. We know they want to revoke CMKX as evidenced by the Disposition of Summary that the SEC asked for in the phone conference held last week between the Administrative Judge and attorneys involved in this case.
In the story of a mining and exploration company from Las Vegas, Nevada, it appears that the SEC is either taking some unjustifiable sort of revenge, protecting the rich of Wall Street from a destructive blow or the company is a complete fraud that has been allowed to sell hundreds of billions of shares to investors. It will be up to you to decide and, in a moment, we will lay out the time table of events that have put CMKM Diamonds in this predicament, but let s first try to reason as to what is really going on here.
CMKM Diamonds is a diamond exploration and mining company based out of Las Vegas, Nevada. The company owns 951,968.54 acres (385,248 hectares) of mineral rights consisting of 1,038 separate claims in the mineral rich territory of Saskatchewan, Canada. The adjacent and surrounding claims of DeBeers that have boasted tens of billion of dollars in valuation on around 58,000 acres or about 1/16th the total size of the land mass of known mineral rights belonging to CMKX. The company also owns at least one gold mine (the American Gold Mine) in Ecuador and mineral claims (and possible mines) with zinc, uranium among other minerals in Canada and elsewhere.
With all the apparent valuation of CMKX, why would the SEC take to stripping money from tens of thousands of investors, rather than just help this company get back on it s feet and make money for it s investors like it has been trying too? If the company is revoked, the shares become worthless in the market. If the company continues and becomes fully reporting again, the investors may become very wealthy due to the company s potential valuation.
Also, as listed in one ongoing count of very concerned investors, why is there over 87 billion shares held by less than 1,000 shareholders when it is rumored that there are as many as 40,000-72,000 CMXK shareholders and only 800 billion shares authorized? It would appear we have not billions, but trillions of shares on the market. Could the company have put them there, it s not even possible. Are they counterfeit shares? They would HAVE to be! Who would be responsible for that you ask, it would be the market place along with NON-Regulation by the SEC.
This January, the SEC enacted Regulation SHO to put an end to the counterfeit shares (also called Naked Short Shares) being transacted into the market. However, the SEC grandfathered in all of the felonious crimes of counterfeiting shares previous to the day Regulation SHO was enacted. WHY?
Now let s get back to the story of CMKM Diamonds and how all this talk of counterfeited shares possibly relates to the reason the SEC wants them gone.
(*1)On July 22, 2003, upon the advice of counsel, a Form 15 pursuant to Rule 12g-4(a)(1)(i) was filed as certification and notice of termination of registration under Section 12(j) of the Act, stating that at the time of filing the Form 15 CMKX had approximately 300 stockholders of record.
(*2)On June 4, 2004, the Company retained the services of Roger Glenn, Esq. from the New York law firm Edwards & Angel LLP to assist in preparing the required SEC reports.
The Company continued its efforts to bring its filings up to date by engaging Neil Levine, of the Firm of Bagell, Josephs & Company, LLC, as independent auditor.
In July of 2004, Mr. Casavant suffered a stroke which left him with no alternative but to rely upon the professionals he had retained to oversee the Company operations.
(*3)During the 3rd or 4th quarter of 2004, the Enforcement Division launched an investigation in the Matter of U.S. Canadian Minerals, Inc. LA-2937. Under the umbrella of the LA-2937 investigation, the Enforcement Division caused the issuance of subpoenas, deposed and interrogated CMKM Diamonds consultants and management. inclusive of the Company s new auditor, the Company s financial consultant, and Edwards & Angel LLP. In addition, a subpoena was issued directly to CMKM Diamonds, where under the Company supplied significant information to the Commission, including substantial information regarding the Company s mining claims.
(*4)CMKX appointed Mr. Robert Maheu to the Board of Directors in order to oversee the necessary regulatory requirements. Bob Maheu is not just any co-CEO, Mr. Maheu was the main man Howard Hughes used to run the mob out of Las Vegas among a huge list of many other outstanding achievements . He has never lost a regulatory battle. Mr. Maheu, on behalf of the Company, immediately retained the service of Stoecklein Law Group on February 7, 2005 for the primary purpose of coordinating the preparation of all reports due under the Act for the respective missing periods. Upon its initial due diligence of the Company, Stoecklein Law Group realized that at the time of filing the initial Form 15. The Company had 698 stockholders of record and that the filing of a Form 15 was not available to the Company as of July of 2003.
Upon its initial due diligence of the Company, Stoecklein Law Group realized that at the time of filing the initial Form 15. The Company had 698 stockholders of record and that the filing of a Form 15 was not available to the Company as of July of 2003.
(*5)On February 17, 2005, Stoecklein Law Group advised the Company to file a Form 15/A which resulted in the Company being subject to the reporting requirements of Section 12(g) of the Act.
During March 2005 a financial consulting firm was retained to assist the Company in its financial statements and logistical coordination was commenced between management, the financial consulting firm, the audit firm, Stoecklein Law Group, and the transfer agent.
(*6)The Company believes that as a result of the Enforcement Division investigation in LA-2937, the Enforcement Division caused the issuance of a temporary trading suspension on March 3, 2005 and the issuance of the Order Instituting Administrative Proceeding on March 16, 2005. While the actions by the Enforcement Division are designed to be remedial, they may in fact be causing a punitive effect on the Company s stockholders by further perpetuating a growing naked short (counterfeit shares) position in the Company s stock, as alleged by numerous stockholders.
OK, now one might ask why would the SEC not want to help this company get back on its feet and produce a valuation that would make its shareholder base happy and their investment portfolios grow? It is obvious that CMKX is not a fraud, but possibly a victim of poor past management because those involved didn t know how to run a public company. Is this a crime? No it s not a crime, and co-CEO and original founder of CMKX, Urban Casavant is an extremely good man with a heart of gold. This world could use many more men like him, in this writer s opinion!
Is it better to PUNISH CURRENT INVESTORS, strip away 100% of their investments perhaps destroying the savings and college funds of thousands of American families than to fine the company and take a hands-on approach into getting them current in their filings?
Let s look at what could possibly happen if there are even just 800 billion naked short shares on this stock, and not trillions as is suspected. DeBeers has already boasted a conservative 40-80 billion dollar valuation on approximately 58,000 acres. Using 1/10th the lowest possible valuation (for safety) of $40 Billion, or $4 Billion on 58,000 acres and CMKX owning 16 times the land mass, the math would look like this.
$4 Billion x 16 = $64 Billion valuation (at only 1/10th lowest possible DeBeers valuation)
$64 Billion divided by 800 Billion shares = .08 per share (worst possible scenario)
800 Billion counterfeit shares x .08 per share = $64, 000,000,000 (Billion) owed to share holders by the market place! (Keep in mind, the current trading price of CMKX is less than 1/100th of a penny per share). Now multiply that by a possible 10-20 times the valuation and 2-3 times the number of counterfeit shares and there is some SERIOUS trouble involved here!
What could be done to solve this problem, reward long enduring shareholders, let the company focus on its mining and exploration programs and save the market from a messy situation at the same time?
The SEC could do its job and PROTECT shareholders, first off. Tens of thousands of CMKX shareholders are NOT going to stand by and let the SEC use that old line that they are looking out for the potential new investors of this stock . That s garbage and all CMKX investors and the SEC know it is! Those responsible for creating and helping this fraud to perpetuate (possible violators include but are not limited to the DTCC, Brokers, Market Makers and Hedge Funds) need to come to the table and make an offer to all shareholders and the criminals responsible for this unjustifiable crime need to go to jail.
America needs to know; What is the SEC going to do to protect the CURRENT shareholders that have millions and millions of dollars invested in CMKX?
Stand up America , and TAKE YOUR COUNTRY BACK!
Sincerely,
Kevin M. West
www.ahandup.us/america_needs_to_know.htm
References
(1)http://www.noboxtrading.com/cmkx/press_releases/041105CMKM%20Response%20TO%20SEC.asp
(2) http://www.noboxtrading.com/cmkx/press_releases/060404b.asp
(3)
http://www.uscanadian.net/news.asp?news_id=70
(4)http://www.noboxtrading.com/cmkx/press_releases/013105.asp
(5)
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=3279945&doc=1&total=&back=2&g=&attach=on
(6)http://www.noboxtrading.com/cmkx/press_releases/031605secorder.asp
** The views and opinions written in this article belong to the writer and are not sponsored or approved by anyone but the writer. This article is in no way affiliated with CMKX, the CMKX owner s group or any other groups or organizations. The article is in no way intended to be used as investment advice.
Proof of NSS in CMKX looks to be adding up America Needs to Know More Why does the SEC allow the printing of counterfeit shares?
By: kevinw777
20 Apr 2005, 03:05 PM EDT
Msg. 198456 of 346247
Jump to msg. #
Proof of NSS in CMKX looks to be adding up
America Needs to Know More
Why does the SEC allow the printing of counterfeit shares?
SEC STATEMENT ON THEIR WEBSITE! Naked short selling (Counterfeit Stock Selling) is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, naked short selling contributes to market liquidity. (1)
Would you have the support and protection of any government agency if you were a little short on cash (liquidity problem) and decided to do a little counterfeiting of currency? Certainly not! Why? Because counterfeiting ANYTHING that has monetary value is a CRIME and is punishable to the full extent of the law!
So, counterfeiting is not only condoned but needed in the stock market? What does this stock counterfeiting do for market liquidity as the SEC states? Well, for one it dilutes the number of shares in the market and makes the price of ANY stock you own, that has been victimized by counterfeit stock selling, fall in price. It s like paying full price for an expensive steak at Morton s and having the chef replace half of your steak with a photograph.
Not only does it dilute the stock, but it can take away buying pressure and force sells from investors worried about the price drop. When you take away buying pressure from a stock, then short sellers can make a fortune! Sounds like the counterfeit stock perpetuators may be aligned with some big time legal stock shorting organizations. (although the indicated collusion here is certainly not legal)
There is no way to guarantee the price to rise in a stock indefinitely, but you can sure guarantee it to drop if you can keep diluting it. No wonder why we still have a Bear Market the crooks are in control!
What is the SEC doing to fix this problem? It would seem that they are protecting the CRIMINALS by going after the companies that have the worst problems. Oh, and get this, the SEC is also GRANDFATHERING in all the felonious counterfeiting done in the last decade or so before the beginning of this year.
Let s look at two examples:
#1 Global Links Corp. (GLKC)
On February 1st GLKC did a reverse split where its shares decreased by 1 for 350. On February 1st GLKC had 1,158,064 shares outstanding. Apparently since that time, they issued some additional shares because as of March 31, 2005, the outstanding shares of Global Links Corp. was 4,028,362 shares. They can t release many more shares due to their authorized shares allowed to be issued at 5,428, 571 shares.
So we know for a fact, between February 1st and March 31st there was an absolute number of shares available to trade. There were a maximum of 4,028,362 shares available to trade at any given time during this period.
The following is the daily volume for the first seven trading days after the reverse split:
2005-02-09 7,215,538
2005-02-08 19,388,715
2005-02-07 13,393,952
2005-02-04 22,471,586
2005-02-03 37,044,630
2005-02-02 35,993,121
2005-02-01 47,954,279
For the entire month of March, 2005 a total of 242,055,502 shares traded total. The 4,028,362 shares outstanding somehow traded themselves over 60 times over a course of 49 trading days. That would not only be unheard of, it would be impossible without the number of counterfeit shares in this stock being incredibly large several times the amount of shares issued.
#2 CMKM Diamonds (CMKX)
Last summer, U.S. Canadian Minerals (USCA) shares were given as a dividend to all CMKX shareholders of record as of 8-20-04 (2)
On 9-24-04, USCA announced that they agreed to issue additional shares for the round-up process (to account for fractional shares) for the dividend distribution. (3) The number of shares needed to be issued was 29,677 which meant there was a total of at least 29,677 known shareholders of CMKX.
We also know that there are a total of 407,321,106,308 CMKX shares held in street name (shareholders not personally holding certificates for their shares) as per the 8K filing last month. (4)
There is an active group of shareholders that have hired an attorney to represent them in the coming administrative hearing (where the SEC intends to revoke the company and strip away millions of dollars of investments from tens of thousands of investors). This group calls themselves the CMKX Owners Group. According to their online count of investors signing up, the total shares represented to be owned by this group is 78,069,722,395. This is the amount of shares owned by 1012 investors that have signed up as of yesterday. (5)
Let s do some quick math here, shall we?
1012 Signed Agreements at the owners group. (5)
407,321,106,308 CMKX shares held in street name according to the CMKX 8-K (4)
78,069,722,395 street shares held by the CMKX Owners Group. (5)
78,069,722,395 is 19.16% of the 407,321,106,308 street shares stated in the 8K.
So, it appears that 1012 shareholders own 19.16% of the street shares.
Going back to the USCA dividend PR (2), USCA had to give out 29,677 rounding shares to take care of fractions meaning that there had to be a minimal 29,677 CMKX shareholders at that time.
1012 shareholders represented in the CMKX Owners Group is 3.4% of 29,677, or the total known number of shareholders as of the USCA dividend. (Presently believed to be around 72,000 shareholders now)
So, are we telling you that 3.4% of the shareholders own 19.16% of the street shares?
If these averages from over 1,000 shareholders hold true for the entire shareholder base, then 29,677 shareholders would own 2,289,402,323,632 (Trillion) street shares while only 407,321,106,308 are even possibly available. Now factor in a possible 72,000+ shareholder base and the number of street shares in the market more than double! Also, keep in mind that CMKX has a possible tens of billions of dollars in valuation (6)
Some say, big deal, these are only Pink Sheet stocks! Yes, these two examples are Pink Sheets stocks .
But we can Guarantee you that every investor that stands to loose their entire investment because of Counterfeit Stock sales, is real. And so are their families, homes, autos and everything else that may be involved if the SEC strips all of these investors of their money by revoking the company in lieu of the Wall Street criminal s freedom.
Counterfeit shares are not just limited to Pink Sheet stocks. Many medium to large companies on the NASDAQ, NYSE and AMEX are also having their share prices driven down due to Counterfeit Stock Selling, also referred to as Naked Short Selling.
America needs to know; When is the SEC going to start going after the criminals of this crime and stop sweeping it under the carpet and ruining the lives of investors and their families?
Stand up America , and TAKE YOUR COUNTRY BACK!
Sincerely,
Kevin M. West
www.CounterfeitStocks.com
References
1. SEC.gov website Link
2. USCA dividend PR Link
3. USCA rounding PR Link
4. CMKX 8K Link
5. CMKX Owners Group Link
6. America Needs to Know #1 Link
** The views and opinions written in this article belong to the writer and are not sponsored or approved by anyone but the writer. This article is in no way affiliated with CMKX, the CMKX owner s group or any other groups or organizations. The article is in no way intended to be used as investment advice. Some of the content above was donated by www.noboxtrading.com
http://ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=198456
CMKX-ville
http://ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=204627
By: kevinw777
30 Apr 2005, 05:13 PM EDT
Msg. 204627 of 346247
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CMKX-ville
And UC called back, "I can hear you just fine.
But the Government's ears aren't as strong, quite, as mine.
They don't hear a thing! Are you sure all of our shareholders
Are doing their best? Are they ALL making noise?
Are you sure every CMKXer down in CMKX-ville is working?
Quick! Look through our town! Is there anyone shirking?"
Through the town rushed the Mayor, from the east to the west.
But everyone seemed to be doing his best.
Everyone seemed to be yapping or yipping!
Everyone seemed to be beeping or bipping!
But it wasn't enough, all this ruckus and roar!
He HAD to find someone to help him make more.
He raced through each building! He searched floor-to-floor!
And, just as he felt he was getting nowhere,
And almost about to give up in despair,
He suddenly burst through a door and that Mayor
Discovered one shirker! Quite hidden away
In the CMKX Apartments (Apartment 12,000,000 J)
A very small, very small shirker named Jo-Jo
Was standing, just standing, and bouncing a Yo-Yo!
Not making a sound! Not a yipp! Not a chirp!
And the Mayor rushed inside and grabbed the shareholder s hand!
And he climbed with the lad up the Gold Nugget Tower.
"This," cried the Mayor, "is your town's darkest hour!
The time for all Whos who have shares that are counterfeit,
To come to the aid of their Country!" he said.
"We've GOT to make noise in greater amounts!
So, open your mouth, lad! For every voice counts!"
Thus he spoke as he climbed. When they got to the top,
The lad cleared his throat and he shouted out, "YOPP!"
And that Yopp...
That one small, extra Yopp put it over!
Finally, at last! From that Gold Nugget tower,
Their voices were heard! They rang out clear.
And Senator Bennett smiled. "Do you see what I mean?...
They've proved they ARE persons, no matter how small.
And their whole world was saved by the Smallest of All!"
"How true! Yes, how true," said the President of the U.S.
"And, from now on, you know what I'm planning to do?...
From now on, I'm going to protect them with you!"
And the aid by his side said,...
"...ME TOO!
From sun in the summer. From rain when it's fallish,
I'm going to protect them. No matter how smallish!"
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