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ohbull, one problem.
The Securities and Exchange Commission hammers companies who knowingly try to file an exemption.
In BCIT's case, Megas knows there are more than 300 shareholders of record based upon the information he received from the bogus lawsuit.
Urban Casavant made this same mistake.
Instead of looking for exemptions, all Megas has to do is file a request for an extension, show proof he is in the process of having his financials taken care of, and get these suckers filed as quickly as possible.
Don't compound a previous blunder with a new blunder.
Learn from the past...............
CMKM Diamonds Inc., a pink sheet play headed by Saskatchewan native Urban Casavant, is an egregious, repeat securities violator that will likely continue to breach its reporting obligations, according to lawyers for the U.S. Securities and Exchange Commission (SEC) enforcement division.
The U.S. regulator's rather unflattering assessment of CMKM is served up in a June 2 brief filed in the wake of a May 10 administrative hearing. According to the SEC's posthearing brief, the public interest would be best served by revoking the registration of CMKM's common stock.
As previously reported by Stockwatch, the SEC suspended trading in CMKM on March 3. Just as the 10-day trading suspension was set to expire, the SEC launched an administrative proceeding against CMKM.
According to the allegations in the March 16 SEC order instituting proceedings (OIP) against CMKM, the company was in breach of its reporting obligations for not filing required annual reports since May 9, 2002, and quarterly reports since Nov. 18, 2002.
On April 11, CMKM filed its response to the OIP. Represented by Donald Stoecklein, CMKM set out nine affirmative defences.
Among other things, the company claimed that the SEC lacked authority to conduct the proceedings; the allegations failed to state a claim upon which sanctions could be rendered; the proposed sanctions were "punitive remedies against individual and indispensable parties who have not had an opportunity for appearance"; and that a proceeding to revoke or suspend CMKM's securities was premature.
According to the SEC's posthearing brief, all nine of CMKM's affirmative defences were "rightly rejected" by the administrative law judge during a prehearing conference call on April 13.
During the April 13 conference call, Mr. Stoecklein argued that the company had no reporting obligations from July of 2003 when it filed a Form 15 to February of 2005 when it filed an amended Form 15.
According to the SEC, while the court suspected that the original Form 15 may have been "fraudulent," Mr. Stoecklein suggested that it had been filed "in good faith and/or on the advice of counsel."
"At the May 10, 2005, hearing, however, CMKM Diamonds offered no evidence regarding the circumstances surrounding the filing of the Form 15 in July 2003 and offered no evidence supporting an advice-of-counsel defense," the SEC states in its June 2 brief.
"To the contrary, substantial evidence developed at the hearing confirms that at the time CMKM Diamonds filed the Form 15, it knew or should have known that the company had more than 300 shareholders of record and thus that the filing was false," the SEC claims.
I think you are making the same mistakes you made with Conversion Solutions and your "knowledge" of Euroclear, Medium Term Notes and bonds.
Ex-Clearing is a manual comparison process that is performed by the brokerage firm when the traded security does not meet the eligibility standards of the clearing corp
Ex-clearing is also a delivery contract whereby a selling party can have a third party clearing agent sell shares short with guaranteed delivery at a later date. Provided the seller has proof of ability to deliver. See John Edwards having NevWest sell ex-clearing thru Jeffries for both his CMKX and PCBM positions.
I'll even post the letter Catherine Shine, legal counsel for Jeffries wrote about those sales when I can load the letter.
Hence, why Megas should be asking brokers like Ameritrade who filled their client's buy orders.
Unsolicited means there are no market makers. It is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets.
Masta..who do you think posts the "unsolicted bid" offers? I said in my post it would be brokerage to brokerage matched trades.
If a malicious illegal stock manipulator calls his or her broker, or places an on-line order for the stock without the broker’s promotion of the stock to that individual that order would be posted at the customer’s own designated price and marked as an “unsolicited” quotation.
It's those matched trades that Megas needs to start tracking down to see where the "sell side" came from
If you bought your shares ex-clearing as you claimed, who was it who filled your buy order(s).
And no, chances are it was matched trades at the time. Brokerage to brokerage, which again, is why I tried to tell people here that Megas needs to pick one brokerage to legally go after. Find out who was filling their client's purchase orders.
Which clearing agency filled your buy order(s)??
My shares were purchased ex-clearing
DBA Name: A F T LENDING
Business Address: 270 PARK AVE
LONG BEACH, CA 90803-1752
Filing Date: 10/5/2001
County: LOS ANGELES
Business Description: REAL ESTATE
Contact Name: ALLAN TREFFRY
Industry Classification Code: 653118
Filing Number: 011899617
Remember the dates....
Then compare and remember the 1000 other pump posts he was making about $1 per share. Also remember that Tref and Surfit pumped the original CIM/Mirador merger to break "shorty"...
(1:25 am) very_tired1: if i can close my escrow next week before it happens, i am going to double my position
(1:26 am) very_tired1: i hear it is literally anytime...
(1:27 am) very_tired1: there will be a big anouncement anytime... // yes...
(1:28 am) very_tired1: i had an interesting experience.... i was the attorney representing a client at an sec deposition regarding sggm... it was very interesting how the sec is dealing with urban...
(1:29 am) very_tired1: kid gloves...
(1:29 am) very_tired1: almost as if they "had his back"
(1:29 am) very_tired1: almost as if they were told to leave him alone
(1:29 am) very_tired1: hard to say.. probably in time
(1:31 am) very_tired1: they know of the fact urban spent a lot of money on his own personal fun.. and it seems as if they don;t seem to care
(1:31 am) very_tired1: which is in line with the hope that there is a settlement and the sec is involved
(1:33 am) very_tired1: don't know if they will halt it.. the best thing to see for the halting of sggm is looking at the fact they did not file.. and the public action by the sec against the company
(1:36 am) mccurdydon: http://cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&thread=1127335553
(1:36 am) *** konga66 has left the group ***
(1:37 am) very_tired1: the monetary settlelement amount? could be anything from .05 to $1.76.. those are the figures i have seen tossed about
(1:41 am) very_tired1: zman.. the money will come from the offshore hedge funds.. as well as domestic brokers, their insurance policies, bonds, and from the dtcc who i believe will cover the rest
(1:46 am) very_tired1: urban in china.. i will bet it deals with oil sales.. jmho though
(1:46 am) very_tired1: my opinion? i believe china withdrew its offer to purchase unocal because the us agreed to share some of the oil with china...
(1:49 am) very_tired1: i think china used the purchasing of unocal as a tool of leverage to force the usa to share this oil find with them
(1:52 am) very_tired1: i believe mahue was here for 2 big reasons.. 1 was to deal with the nss situation.. the second was to insure that the us got control of the uranium and oil (the uranium for nat'l security reasons).. but china wanted some of the oil.. used the unocal deal as leverage (1:52 am) very_tired1: so the us cut them in
(1:53 am) very_tired1: i believe that the last thing bush wanted was china owining a huge us oil company
(1:54 am) very_tired1: the sec is not gong after urban.. in my opinion.. i listened to depositions about edwards, harlan and others.. urban's name came up but they hardly touched him
Suffocation by elastic bands?
He didn't buy. He loaned (fronted) Marco the money for that scheme fully knowing what Marco was doing.
He was also all over the message boards at the time hyping the pizz out of CIM. He was jumping on Jarta's case claiming his shares will be worth $1 each, he's seen the funds, he knew Hakala blah blah blah.
That fat turd is finally running out of shams
I know that but thanks....when I say "they", I am referencing the DOJ.
It needs to start with Cease and Desist letters from the SEC to these people. Followed thru with bans, and eventual criminal prosecution for the worst offenders.
True, but how can they stop trading in real time and risk the company not being a scam? That's why they issue trade halts with warnings.
To be honest, the SEC needs to help the DOJ start arresting the pumpers who help push these scams onto suckers. The Sterlings/Andy Hill's/Judy Cline's of the pinky world need to be stopped and these scams will never be as huge.
Here's the follow-up to that post
By: stervc
29 Jan 2005, 11:52 PM EST
Rating: Msg. 148604 of 347523
(Reply to 148570 by redcloudpaint)
Jump to msg. #
Redcloudpaint, I must say...
Thanks to you all! I think a few people have really gotten some things wrong in which I am not mad at them at all. I think anything we all say should be treated as "consideration" and not as fact, no matter how it's presented in these unofficial forums.
I will share some thoughts from my conversation with the SEC when I talked to them about CMKX. Or should I say when they talked with me, since they were the ones asking all the questions. I was surprised at how much they knew about CMKX and knew about little old me from some people misunderstanding my role with CMKX. Our conversation went very well as I helped them to get the facts straight and how they could get certain info for proof!!! For everyone's information, I called them with reason and they returned my call.
Well, ok, I asked a few questions too! Give me a bit to organize how I am going to post this. I told the SEC that I was going to tell my message board and chat room about our conversation. She told me it was fine.
After talking with the SEC, the many misunderstandings from a select few have made me really see that I can still believe in CMKX, but I need to move on from discussing CMKX as much as I used too. She told me that such would be my decision to do so as they were not forcing me to do so. I made this decision a while ago and I am hoping people just understand. I am still looking to keep my position at least until late Feb to early Mar 05 as I had stated to make sure I get the 15% capital gains rate for taxes for holding CMKX over 1 year. Actually, I'll probably hold much longer though.
People are taking every word I say to have significant meaning with CMKX even if I tell them not to do so. From talking with the SEC, people really had misunderstood that I am nothing more than a shareholder as the likes of you all. Perception was a reality to some people no matter what they were told. Those realities were actually misperceptions that I am glad to have this cleared up with the SEC.
Just because I believed so many things as many of you did, and for some of the same reasons, did not mean that those things were going to happen. Again, I have had my share of being right and wrong, a lot!
Give me a little bit to explain more in detail. I'll try to sum it up in 1 or 2 short paragraphs.
PS--I think I'll be right this time about SCMI and CTKH. Heck, 2 out of every 50 ain't bad. LOL
All is well!
http://www.sterlingsclass.com/
Sterling
http://ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=148604
Leslie spoke to him in January 2005 for the first time after Sterling saw this post directed at him on another message board.
By: XXXXXXXX
26 Jan 2005, 01:34 PM EST
Msg. 11180 of 15631
Jump to msg. #
and when Sterling Collins starts pumping SunnComm...you should know better. The Los Angeles S.E.C. office is very interested in Sterling's pump of Casavant mining...enough to create a file specifically for CMKX and UCAD pumping.
323-965-3875 is the LA office number for Sterling and Casavant complaints.
When Sterling and his PalTalk clowns come here..the stock will move higher..and the final nail in one of the biggest pumpers will be hammered.
Funny..I'm sure the FBI guys in Roanoke will be thrilled to see the Reg FD is being violated again by another SunnComm claim of deals closed...etc..
Who controlled the Ameritrade account at the beginning of the list?
yes, why?
Freedom of speech does not cover knowingly lying about a stock's operations when in fact, none exist
What if it was not his account?
By: stervc
26 Jan 2005, 01:02 PM EST
Msg. 147297 of 147304
Jump to msg. #
SCMI-Very Huge...
I will explain why later, but I must go for now. Just research it.
I have not loaded up in it just yet, but I will. I am sure that no matter where I get in at I will do very well. My money is a little thin right now, but for those who have extra money really needs to look into this one.
Very very big things will be happening as many of the deals are already signed, sealed, and delivered. You might have 1 to 2 weeks before more funds start getting involved to generate more volume and share price appreciation.
All is well!
http://www.sterlingsclass.com/
Sterling
http://ragingbull.lycos.com/mboard/boards.cgi?board=SCMI&read=11180
yEP...The one and only
By: stervc
21 Dec 2004, 11:10 AM EST
Msg. 133843 of 134374
Jump to msg. #
MLON*Parallel Valuation* please review...
Once again, I love the news that MLON keeps putting out. Although there are some things about MLON's validity that might be questionable, there are some things that we must consider that are less questionable or even at all to some. I do think I see where they are getting their logic of MLON being worth .10 to .15 cents. These are only my thoughts as to what I see as some options for consideration. I will end this post with some thoughts on how I interpreted the latest press releases (PRs) and the power behind the possibility of a cash dividend to make sure you understand if released in the upcoming PRs from MLON.
Before reading any further, understand that I am not saying whether or not I believe in MLON. I am just saying that it doesn't matter what I think. We must "mostly" realize that it doesn't matter what “you” or I think about MLON or any other stock. It's what the market thinks about MLON or the stock at hand. The average investor does not invest in a company from actually going to visit the company first hand or talking to them, but instead from the standard form of literature available to the public for viewing through PRs, filings, etc. This is how the masses decide whether to invest or not in a stock. These groups of investors usually invest not based on facts alone (if they exist), but also on potential that is brought out by the company (or others) for all to consider.
With that said, MLON has put out the most powerful PRs that any penny stock has ever put out during my entire tenure of investing since the 1990's in my opinion. Because of such, I must say that I do believe in MLON enough to take the risk for what it has to offer us investors. If it was truly a pump and dump, I think we would have already been back at .0002 cents by now.
What is happening here with MLON is something that I was suspecting to happen with CMKX. Yes, the price going up is good, but I was referring to something I made up called Parallel Valuation (PV). When you get some time and after first finishing this post, come back to read the link below to see how it was derived from my old CMKX/SGGM thoughts for a further understanding. http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=109280
Parallel Valuation (PV) is when we have a "dividend exchange" taking place to create this new type of valuation. This dividend is two-sided and not one-sided as like most dividends. This causes a valuation to be placed on each of the stocks exchanging dividends from the price of the other. This correlation exists because of the two companies exchanging dividends in each other and not just one company giving the dividend to the other without the other not receiving a dividend in return which is usually the norm.
Due to the exchanging of dividends each stock will trade as a subsidiary under each other causing a direct correlation in valuation even past the date of record for the dividends. So, the increase and decrease of a stock would have a direct correlation with the price of the other.
In discussing Parallel Valuation, let's focus on just one of the recent major deals that have recently transacted with MLON:
The acquiring of 3,000,000 shares of Equity Retirement Distributors Canada Ltd. (ERDTF.PK) in exchange for 500,000,000 newly issued MLON shares subject to SEC RULE 144. http://www.knobias.com/individual/public/news.htm?eid=3.1.765058a16230e655e890e7a90938c57cfd1fe83d565c2b96a1723f0d8db71629
Let's look at the agreement between ERDTF which we will use the closing price of $19.00 for ERDTF and of .0023 cents for MLON on the day of this transaction this past Friday, 17 Dec 04.
** 3,000,000 shares of ERDTF x $19.00 per share = $57,000,000 in value
** 500,000,000 shares of MLON x .0023 cent(s) = $1,150,000 in value
That means that somebody believes enough in MLON to tell them that if MLON gives them $1,150,000 in their value, they will give them $57,000,000 in its value and do so because they feel that they are doing so at a discounted rate. Nobody does a deal under the assumption that it is transacting its deal at a premium. This means that our shares of MLON are significantly undervalued until its $1,150,000 value reaches the value of $57,000,000 value of ERTDF. This is the point of equilibrium.
Now the question would be: How do we determine a fair price to purchase MLON for a fair risk until it reaches that point of equilibrium that's compatible with its dividend exchanged stock, ERDTF? There are a few ways to see this. Let's see…
As of Friday, 17 Dec 04 we’ll use since the day of consummation for the deal:
The point of equilibrium for the price of MLON is what we are trying to determine for knowing when MLON will reach such with ERDTF at $19.00 per share. The base total to use here is $57,000,000 as the point of equilibrium as derived from the example above. Let's solve for "X" to see how we must view this to see where MLON should be bought up to for reaching the point of equilibrium.
Key Variables for Resolution
X = Equilibrium price of MLON
Shares of MLON Exchanged = 500,000,000
The Equilibrium Value of ERDTF = $57,000,000
Solve for X,
500,000,000 x X = $57,000,000
X = $57,000,000 ÷ 500,000,000
X = .114 cents
This means that 500,000,000 shares of MLON at .114 cents is where the equivalent value of (500,000,000 x .114 = $57,000,000) needs to be to capture equilibrium with the value of ERDTF at the time the deal was completed (or made known to the public). If the point of equilibrium is .114 cents from these thoughts, this means that any shares of MLON bought under .114 cents is considered undervalued.
I think this is how the company is seeing the value in itself. This means that the value of MLON is .114 cents from the ERDTF deal alone. From the Western minerals/PRMN deal, I calculated it to be .01 to .02 cents with using the same logic for solution as above. This gives MLON even more value giving MLON the official justification to show why they think they are worth .10 to .15 cents. Keep in mind this does not include the 10,000,000 shares of RRBK at $14.75 per share that they own or the $45,000,000 in assets or any other previous or future deals that they have on the table for continued enhancement of MLON valuation. RRBK link from Money…made: http://ragingbull.lycos.com/mboard/boards.cgi?board=MLON&read=19843
I think this is why they see that they will start entertaining offers at .10 cents per share.
So, why is Mario doing all of this hyping as many have termed it? Well let's see. The market is one big pool of a Network Marketing concept meaning that it reacts because of "word of mouth," getting the word out for people to buy shares in your stock. If you released huge news and nobody even knew of your existence, your stock would not move. Stocks do not trade in the market to not get investor attention, but instead because of trying to gain investor attention.
The way the attention is being built to a climax with MLON to bring and enhance investor confidence is very well orchestrated. All they have to do is deliver the “key” substance as it appears that MLON is building key announcements to be made at the price obtainment of .01 cent.
Since the Float is low with ERDTF, it wouldn't take much buying power to make it run even higher enhancing the value of MLON along the way. Money could be strategically placed into ERDTF to enhance the Parallel Valuation in MLON to get it jumpstarted towards rectifying the covering process, if any naked short problem exists. This would give us two floats, the legitimate and illegitimate floats. If enough of the "illegitimate float" have been absorbed (or eliminated), then MLON could run a lot higher and faster to enhance the Parallel Valuation more than what ERDTF would do because of the larger consideration for percentage gains. There is actually more to this which is actually too much to explain for now. Heck, this post is already gonna be long enough long enough. LOL
As you can see, MLON would be significantly undervalued and an immediate proportioned valuation should be placed into MLON as compared to the price of ERDTF because of Parallel Valuation. Let's make better sense of this for a better understanding.
1 share of ERDTF would cost you $19.00 per share. To get a better understanding of the power of Parallel Valuation, we must determine how much an equivalent price of MLON shares would be for that 1 share of ERDTF.
ERDTF shares exchanged = 3,000,000
MLON shares exchanged = 500,000,000
500,000,000 ÷ 3,000,000 = 167
This means that the 167 number is the MLON share price multiple to use to determine this other point of equilibrium to see how it relates to Parallel Valuation. This means that 167 shares of MLON theoretically equates to 1 share of ERDTF. To further explain the importance.
1 share of ERDTF @ $19.00 = 167 shares of MLON @ .0023 cent(s)
1(ERDTF) x $19.00 = 167(MLON) x .0023
$19.00 = .3841
Price paid for 1 share of ERDTF = $19.00
Price paid for 167 shares of MLON = .38 cents at .0023
This is like you giving me .38 cents and me giving you back $19.00 in return. This means that MLON should be bought up to where the price of MLON x 167 equates to $19.00 for the 1 share of ERDTF. That would be the .114 cents that we talked about earlier. As you see that .114 cents x 167 would roughly give you the $19.00 per share equivalency of ERDTF. This is another way of determining the point of equilibrium. MLON would be considered under valued until such .114 cents point of equilibrium has been obtained.
It was weird because there's a time gap from his first sham in early 2000 to when his alias appeared again with CMKX/MLON/time period.
Some interesting names in Marco's transaction ledger
http://viewer.zoho.com/docs/yDac8e
h24, he knowingly pumped almost 30 scams.
His first that was seen in action was a scam called Dryden Industries back in May2000, with Andy Hill, Judy Cline.
He knowingly tried to start an investment club with the goal of touting multiple penny shams to his members.
He wasn't saying, hey, I like this stock, you should check it out too.
On almost 30 stock scams, Sterling was misrepresenting they had operations, income, revenue, and he was making price predictions at levels up to 30000% higher than the last trade.
He was claiming signed deals on some scams when in fact the shells had no operations at all.
From the stock market, from ever giving "recommendations", and from ever trading another stinky pinky.
Poor guy still does not understand.
I hope this does not get deleted because there is a relevant point. Gusjarvis has ignored the documentation on CMKX for years. The DOJ indictments, the fact that the CEO refuses to even appear in public, the fact that bank statements and trade logs show the insiders created the fraud.
Atleast Megas is somewhat showing some fight.
Urban could be in prison and broadcasting a confession and gusjarvis would still think CMKX was shorted and manipulated by shorty, DTCC, SEC, one-armed Mexican midgets, electric witches, and donkeys.
Be glad Megas is no Urban Casavant.
ugghh..The SEC is just starting with Sterling. If anyone wants to hammer that fool, just write a complaint letter about Sterling's lies, print off a few copies of his lies, and mail the sucker to Leslie's office.
If about 20 of us do so, he will be charged and banned for good.
No..
because it was Helen who mailed the certs....
So if they sent me a fake cert, do i have recourse on my broker ?
Chas still thinks Conversion Solutions has billions in bonds and assets even after Rufus had to admit in court that he lied.
I've seen that before Allez, but thanks for the repost. My question was what specific day is he answering?
He should file a request for an extension immediately
No, where is it scheduled so the public can see it?
What day is Megas meeting with the SEC to answer the revocation request by the S.E.C.?
ChasZero, how many more pump and dump stocks are you going to buy?
Notice how quiet Stewart Sytner is over at BCIT? Poor bastard must be sweating right about now.
One of the original PCBM Kool-aid kids.
Really does not matter if they were printed in crayola.
The real worry is when Marco's case is reviewed for criminal charges. The feds will want to know who introduced Brewer and Marco, who else started the rumors causing people to buy revoked CMKX shares and worthless CIM shares.
Curious is the California transactions have anything to do with Marco owing Treffrey money.
And who was hyping Wordsmith?
Interesting info in the pages around 130ish.
Marco's accounts had transactions in three different states on the same day.
Know anyone in California who was sucking on Marco's nuts for cash? Any fatties?
uhhg hhahahahhahahah
Q: Do you know what the term "money laundering" means?
A: No--We--
Page 89-90, they hammer him good. Especially where they get him to admit he was not a licensed broker. That's a criminal offense.
LMAOOOOOOOOOOOOOOOOOOO
Q: How did you meet him (Brewer)
A: Bill Frizzell-On the Internet and Bill Frizzell
Jeez, right off the top they attack his laundering of stolen funds with the Florida condo acquisition.
Thai wife? Doesn't Treffrey have a mail order bride?
CMKX will always be no cash for you.
BCIT, well, let's just say Stewart Sytner is probably finally crapping his pants right about now.
This will force an investigation into Stew's past fraud before anything moves forward towards resolution.
Here's a "fact sheet" Goldman was passing around last month at Congressional hearings.
To be honest, Goldman's fraud is more on the IPO rigging/ investment banking fee sham/ rigging flash trades side...
http://trueslant.com/matttaibbi/files/2009/09/goldmanlobbying.pdf
Not long after Vince LoCastro was caught telling PCBM shareholders that they could make up their losses on a stock called "Casavant Mining".
Salt Lake City was where either Steve Cox or Ron Hawpe filed their complaint against Vinny the Torch.
Does not really matter because Lawrence West at the Washington DC office was looking into the PCBM/Jeffries/NevWest relationship at the same time.