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Letter to Judge Murray (The American Way) ...
THE AMERICAN WAY (a CMKX Shareholders Story)
When you think of America, you realize it is a country founded on principals of freedom, integrity and justice for all. Each shareholder in CMKX has a life history and reasons why they have decided to invest in the company. My story is probably similar to countless other CMKX shareholders in regards to our hopes and dreams we have for the company after doing our research and finding a growing company with boundless potential.
I have never been a person well off monetarily and have had to work extremely hard for my money working various jobs, anything from third shift factory work, taking phone calls at an inbound call center or driving a truck.
I love the American Dream of finding that hidden "gem" of a company. For me through countless hours of reading, researching and conversing with other shareholders, I determined that the future of the FALC area is huge in the diamond industry and that time will prove the CMKX mineral rights in the area will be a large part of this future.
I invested a sizable amount of money in CMKX, believing the valuation would be excellent and having the idea that the company could have a maximum of 800 billion shares. If the companies shares have been counterfeited, it means that I have been robbed of the value of the shares I purchased. It means that I and other investors have been robbed of the opportunity for fair financial gain and reward for the research and risks we took.
If CMKX has been illegally shorted it means the dividend shares we received cannot be properly distributed to all the shareholders. In my belief the American Justice System should not penalize those who have been robbed and destroy the dreams and hopes of those who have invested in a growing company, simply because injustices have occurred making it difficult if not impossible to remedy the GEMM and USCA dividend issue.
In my America, the justice system does not strain out a gnat and swallow a camel, it identifies the true evils and injustices that affect its citizens and corrects them. To say that selling counterfeit shares of stock in a company does not affect the company and its ability to prosper and run itself efficiently is like saying the children of Israel were not affected when the Egyptians took away the straw and yet required the same quota of bricks.
In the same way a company diluted by illegal counterfeit shares can never perform and prosper as a company not suffering under this oppressive injustice.
I pray the justice system will differentiate between that which is a "gnat" of a problem and that which is the "camel" of a problem and decides to use the proper equipment in dealing with the problem. In this case perhaps instead of a strainer, a lasso would be more appropriate.
Respectfully Submitted, xxxx x. xxxxxxx (prospector777)
THE AMERICAN WAY (a CMKX Shareholders Story)
When you think of America, you realize it is a country founded on principals of freedom, integrity and justice for all. Each shareholder in CMKX has a life history and reasons why they have decided to invest in the company. My story is probably similar to countless other CMKX shareholders in regards to our hopes and dreams we have for the company after doing our research and finding a growing company with boundless potential.
I have never been a person well off monetarily and have had to work extremely hard for my money working various jobs, anything from third shift factory work, taking phone calls at an inbound call center or driving a truck.
I love the American Dream of finding that hidden "gem" of a company. For me through countless hours of reading, researching and conversing with other shareholders, I determined that the future of the FALC area is huge in the diamond industry and that time will prove the CMKX mineral rights in the area will be a large part of this future.
I invested a sizable amount of money in CMKX, believing the valuation would be excellent and having the idea that the company could have a maximum of 800 billion shares. If the companies shares have been counterfeited, it means that I have been robbed of the value of the shares I purchased. It means that I and other investors have been robbed of the opportunity for fair financial gain and reward for the research and risks we took.
If CMKX has been illegally shorted it means the dividend shares we received cannot be properly distributed to all the shareholders. In my belief the American Justice System should not penalize those who have been robbed and destroy the dreams and hopes of those who have invested in a growing company, simply because injustices have occurred making it difficult if not impossible to remedy the GEMM and USCA dividend issue.
In my America, the justice system does not strain out a gnat and swallow a camel, it identifies the true evils and injustices that affect its citizens and corrects them. To say that selling counterfeit shares of stock in a company does not affect the company and its ability to prosper and run itself efficiently is like saying the children of Israel were not affected when the Egyptians took away the straw and yet required the same quota of bricks.
In the same way a company diluted by illegal counterfeit shares can never perform and prosper as a company not suffering under this oppressive injustice.
I pray the justice system will differentiate between that which is a "gnat" of a problem and that which is the "camel" of a problem and decides to use the proper equipment in dealing with the problem. In this case perhaps instead of a strainer, a lasso would be more appropriate.
Respectfully Submitted, xxxx x. xxxxxxx (prospector777)
The citygroup official at the race was wearing a "got cmkx" shirt...hmmm, interesting at least.
Yes 111marc111, the economic terrorists of America will pay some day I hope. Apparently they think that their fleecing of investors and destruction of new and upcoming companies is right or ok. Their appetite for destruction seems to have no end, but the tides will turn someday. As the Bible says, the devil has come to steal, kill and destroy, but the day of reckoning is soon to come. Its also written "a curse on all those that curse and are against you" but "a blessing be upon all that bless you and are for you". The Abrahamic blessing...(words from God) So be it.
Cmkx..hasher5, no sense in this post of yours! Citygroup would NOT have their logo on the CMKX car if they didn't believe they had the goods...c'mon keep it real. LOL
hasher5, I wasn't responding to your wvap numbers post... that is clearly speculation by some that something is going on. I don't realy take issue with that.
Janice, I see you couldn't reply to the content of my post again. As always you spin to another tangent when your post is shown to be misleading as always. Yes, your quite the spinmaster. Yes, again your argument is moot as I didn't say anything about the SEC's primary job. As you said their job is to regulate the market, and I would think a major part of that would be to make it fair, not crooked with all the naked shorting taking place as you shall soon find out.
Janice, you would wonder the same about the SEC, seeing they turn a blind eye to the financial terrorism inflicted upon America by the illegal naked shorting. You would then use the same argument and say NO that isn't possible, because its the SEC's job to protect the investor? Your argument is moot.
hasher5...No way to know for sure at this point. eom
Well, maybe not all of a sudden hasher5, I posted that on the 18th of feb. A few hrs after the PR where IBM thanked Roger Glen for his services...seemed like it "could" of been a dismisal to me.
Posted by: prospector777
In reply to: 111MARC111 who wrote msg# 31386 Date:2/18/2005 1:50:53 AM
Post #of 37715
http://www.investorshub.com/boards/read_msg.asp?message_id=5477764
Was Roger Glenn "a Mole"? No doubt RG has past and longstanding connections with the SEC. Is it possible he was shuffling his feet a bit or not pushing CMKX along in a totaly forthright manner? Why would Mr. M. state that the new securities team is taking care of past mishandling of issues. Now if Roger Glenn is indeed not with CMKX any more it "may" appear he has been dismissed by Mr. M. Consider the other company affiliations with the fine E & A law firm if you will, and what some of their motives may have been. Perhaps not a "mole", but who knows all the pressures with all the issues involved...short, nite, citibank, debeers, SEC, market makers, and our pristine government.
prospector777
VaBlue76...I hear ya! Some real sicko's out there! Hasher sums up much of the mentality and spirit of some of these guys with his quote at the bottom of his posts "People are like slinkies. Not very useful, but it still brings a smile to my face when I see one tumble down the stairs".
pope/on/a/rope...It was a post of interest I brought over from another board (obviously). Just because I bring a post over that I find of interest doesn't mean I wrote it (obviously) or totaly agree with all thats written in the post. I liked this part of the link where it says it "Hint? Maybe not but interesting." So don't get off telling me Ive lost it and have become like Tramp. By the way, why do you think the citigroup official was at the race with "got CMKX" on his shirt? At least something of interest worth being posted I would say. Good luck to you and I hope that 27 million pays off real well for you. From the post "#15... Citigroup's name is now on the window of Jim Dunns racing car. Also Urban Casavant is shown with a Citigroup Representative that is wearing a "Got CMKX?" shirt. Hint? Maybe not but interesting..
http://www.cmkxpics.com/phoenix/slides/Citigroup%20Rep%20and%20UC%20with%20car.html"
By: phxgold (nice read)cmkx...
26 Mar 2005, 09:27 AM EST
Msg. 182953 of 182982
Jump to msg. # http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=182953
Rocket,
I personally find huge significance in that according to the exibit 10.1 of the 14c it shows that uc is only agent over the claims held by each entity named and cmkx is an umbrella for lack of a better word. Now all parties are contractually obligated but in all essence cmkx is just a front for a much larger operation. Morgain minerals being one of the companies represented by cmkx according to the contract. I am laying the ground work for deeper dd into who "The sellers" or "pre merger syndicate" as theyre referred to in the contract, might be and why it is so important to them to remain behind the scenes. As you see in the contract, look at the breakdown of who owned what and ask yourself if uc is only the agent on these claims then would they dilute theyre ownership greatly over time as the a/s increased?
Urban Casavant (1)(2)(3)
600,000,000
8.3%
Casavant Family As A Group (2)(4)(5)
170,300,000
2.4%
Majority Shareholders (2)(6)
6,988,191,000
85.8%
Total Consenting Shareholders
96.5%
Directors and Officers As a Group
also, according to the contract "the insiders are unable to sell unless they file a 144 then there is a 180 day lockup period once the sell is made public thru the 144 filing.
Looks to me like we dont know exactly whose hands we're in but they seem pretty big IMO.
BTW thx for the compliment :0)
~Phx
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Citigroup Buyout???... By: faithandlogic
26 Mar 2005, 08:00 AM EST
Msg. 182922 of 182932
Jump to msg. #
Could Citigroup Buyout CMKX? (17 items to study)
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=182922
#1... The DaVinci-Franklin Fund I is led by Chairman Robert A. Maheu..
DaVinci's primary goal is to make investments in a broad range of growth industries, without a specific emphasis on any one sector.
http://www(dot)davincifranklin(dot)com/
#2... Robert A. Maheu joined the CMKM Diamonds Inc. board of directors as co-chairman.
http://www(dot)casavantmining(dot)com/fetchnews(dot)asp?news_id=140
#3... DaVinci was vital in introducing Medsonix to Stoecklein Law Group.
http://news(dot)buyacom(dot)com/newsbuy/en/imente/03_02_05-16
#4... Robert Maheu introduced CMKX to the Stoecklein Law Group.
http://www.casavantmining.com/fetchnews.asp?news_id=143
The Stoecklein Law Group specializes in assisting companies going public, mergers and acquisitions, corporate structuring, initial public offerings, direct public offerings and maintaining reporting requirements with appropriate governing agencies.
#5... The Stoecklein Law Group is assisting Medsonix in structuring follow-on rounds of financing with an ultimate goal of going public by the end of 2005.
#6... The Stoecklein Law Group is also assisting CMKM Diamonds Inc, with the correction of past deficiencies and guiding CMKX through its regulatory compliance requirements.
http://www(dot)casavantmining(dot)com/fetchnews(dot)asp?news_id=143
#7... Robert Maheu worked for Howard Hughes for 17 years.. http://www(dot)cbsnews(dot)com/stories/2005/02/24/60minutes/main676414_popup0_2(dot)shtml
#8... C. Michael Armstrong formerly worked as the chairman and CEO of Hughes Electronics and is now the CitiGroup director.
http://www.fas.org/man/company/docs/970116-raytheon.html
#9... Robert Maheu was a long time Nixon acquaintance working between the CIA and the mob.. http://www(dot)winterboy(dot)com/dejavu8(dot)html
#10... Howard H. Baker Jr. worked as Vice Chairman of the Senate Watergate Committee.
http://www(dot)ideastations(dot)org/ftr/guests/baker(dot)html
#11... Howard H. Baker Jr. is now an advisor to Citigroup and sits on the board of directors.
http://www.citigroup.com/citigroup/press/2005/data/050302d.htm
#12... Rockefeller and Hughes were friends in the oil field
http://www.newsmakingnews.com/helmslobuono.htm
#13... Robert Maheu was a member of the Commission on CIA Activities known as the Rockefeller Commission created by President Gerald R. Ford on January 4, 1975 was headed by Vice-President Nelson Rockefeller.
http://history-matters(dot)com/archive/church/rockcomm/contents(dot)htm
Nelson Rockefeller himself had a long involvement in CIA matters.
http://www(dot)senate(dot)gov/artandhistory/history/resources/pdf/nelson_rockefeller(dot)pdf
#14... CitiGroup is controlled by the Rockefeller Oil Families .
http://www.worldnewsstand.net/MediumRare/15.htm
#15... Citigroup's name is now on the window of Jim Dunns racing car. Also Urban Casavant is shown with a Citigroup Representative that is wearing a "Got CMKX?" shirt. Hint? Maybe not but interesting..
http://www.cmkxpics.com/phoenix/slides/Citigroup%20Rep%20and%20UC%20with%20car.html
#16... Citigroup has a total assets of $720 billion and operations in over 90 countries.
#17.... Citigroup buyouts include.... Mexican banking powerhouse Banamex, E-Serve, Financiero Atlas (the No. 2 consumer finance company in Chile), Shinsei Bank, Travelers Property Casualty Corp (paid $42.49 PPS), Schroders PLC, merging Bank Handlowy with Warszawie SA (creates Poland’s leading financial institution), Argentina’s Grupo Siembra (a retirement-services group), Citigroup acquires Associates First Capital Corporation. (the biggest U.S. consumer-finance company), Diners Club, and others..
Faith
My thoughts are that the SEC has put the court date out there to instill some fear in shareholders to get the weak and fearful to sell their holdings, enabling the market makers to cover. I don't think it was ever the intention of the SEC to open this Pandora's box to far. I mean thats what it is after all- the dividends and the naked shorts add up to a mega C.F. and their is no correcting it in my opinion unless they 1)Open the floodgates of heaven so to speak on the PPS and get most of us to sell our shares (at a very high cost to the market makers). 2)Work something out with the management so that cmkx rolls into some other entity or IPO. 3)Diligently try to destroy CMKX and sweep us under the rug (very hard to do considering the 40 - 70 thousand shareholders, the nationally televised cmkx racing publicity and the connections of Bob Mahue (did some one say 60 minutes)? Very very messy and they would risk a great chance of failing at that attempt(and show their true hand and criminal intent). I don't personally think we will see a tender offer unless UC, Mahue or some other big guns come together to buy us out with some major backing. If they do buy us out I'm sure it will be at a bargain price for them, but I think it would make many of us very happy.
Thanks Bro! You too!
oreo...seriously considering that... although I don't want to be caught on the sidelines if there is a short squeeze, I may try to get 30 to 40% of mine delivered in certs.
By: jay_adobe
24 Mar 2005, 02:48 PM EST
Msg. 865400 of 867026
Jump to msg. # http://ragingbull.lycos.com/mboard/boards.cgi?board=CMKX&read=865400
After all the NSS are legitimized, which appears to be happening at an accelerated pace, the next logical step is settlement, in which all our divi shares (which are shorted too) will go away, leaving us with our CMKX shares. Logically, the following step would be to tender us to take the company private, thus allowing subjugation by the SEC, but only after we all are richly rewarded. I do not like to think that we would allow the SEC to subjugate us, but for the obvious face-saving which is necessary to keep the SEC's appearance clean, I believe we will have to undergo it. If revoked, we will have already transferred assets to another company to open on another board through some type of transaction, probably similar to a roll-up IPO or a reverse merger. IBM's signature is all over this latest PR, and I firmly have faith in what is transpiring with the company. I think a settlement is on the way very soon. I think the administrative hearing will be void of our presence. I think it all will be completed before then. Recommend reading PHXGOLD's post earlier today for an insight where IBM is taking us. IMO. This was a good PR. You just have to look for the nuggets.
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"Good Friday" everyone. eom
CMKX, I am wondering how bad the past record keeping has been and how deep these problems run. It does sound like the management is trying to prepare us for this.
Perhaps CMKX will be the one that brings the illegal short issue into "the courtroom" big time. Does the SEC realy want CMKX and Bob Mahue in the courtroom? What type of information could be brought forth? Who knows but I just don't think the SEC wants this and I think thats the jest of our last pr. Our leadership is saying ok just what are you trying to acomplish here SEC? We start coming forward with info and you try to shut us down? Why before the endless days of trading at .0001 did you not try and shut us down when we had no intention of being reporting? Just what is it that the SEC is trying to sweep under the rug? NICE pr and well thought out, saying we arent going away and making a spectacle of the powers that be.
By: jay_adobe
23 Mar 2005, 08:09 PM EST
Msg. 863954 of 865728
Jump to msg. # http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=182178
I only have time for this single post and then I must go to a meeting, but I wanted to fill you in on the VWAP for today. It was $.119 on 18 billion shares traded. Hard to believe, but accurate. We can't see what is happening behind closed doors with this deal. But my sources now reveal that we are probably less than 48 hours from knowing it all. Easyanswers, start walking toward the end of the rainbow buddy. Velvet, I noticed that your buddy stated that the VWAP was adjusted when they were notified. Tells me something is askew. I have to go. See you all at a later time. Keep doing your research. We are on the grays for a reason. The transactions are masked on the grays. So long. IMO.
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excellent PR interpretation... (worth a full read) By: richmi69
24 Mar 2005, 02:31 PM EST
Msg. 182068 of 182111
Jump to msg. # http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=182068
Another CMKX PR dissection...
Hi folks. Just thought I'd add my take. This is an email I just finished composing. Feel free to comment/add/abuse all you like!
Keep in mind folks that I really don't have great knowledge about all of these SEC rules, but the overall view of this PR, when you know what it is saying, is fantastic in my opinion. FEEL FREE TO TREAT THIS AS A WORK IN PROGRESS…ADD TO IT AND PASS IT ON!
Rich...
On March 16, 2005, the United States Securities and Exchange Commission ("Commission") deemed it in the public interest that a public administrative proceeding be instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 ("Exchange Act") against CMKM Diamonds, Inc. (Pink Sheets:CMKX) to determine:
-- Whether CMKX is required to file with the Commission current and accurate information in periodic reports under Section 12(g); and
-- Whether CMKX failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder by failing to file required periodic reports.
-Pretty self explanitory, but keep in mind that the above is the SEC's reasoning for the administrative proceeding. Also keep in mind that if someone, (as in the DTCC and MM's), has been creating fake shares out of thin air for years in CMKX, then imagine how near impossible it would be for the company to determine where all of their legitimate shares are, making it near impossible to be able to file accurate accounting information. (In order to provide accurate valuation to shareholders, the company must have an ACCURATE ACCOUNTING OF THEIR SHARE STRUCTURE).
CMKX, pursuant to the Commission's order has been provided 20 days in which to respond to the allegations in the order. Upon CMKX's filing of a response, a public hearing will be convened at a time and place to be fixed for purposes of taking evidence on the issues set forth in the Commission's order. At the hearing, an administrative law judge will determine whether it is necessary for the "protection of investors" to suspend or revoke the registration of CMKX's securities from the Exchange Act.
-Notice the emphasis on "protection of investors". They're quoting the main function and sole purpose for the existence of the SEC and basically remind us why this whole thing is going on. They will be able to present the issue with not being able to determine an accurate accounting of the share structure (ie naked shorting) as the reason for their inability to provide accurate filings, imho. Not something I would think the SEC/DTCC would like to have happen since they are responsible for enforcing the rules thereby "protecting investors".
In accordance with Section 12(g) of the Exchange Act, a company that has total assets exceeding $1,000,0000 and a class of equity securities held of record by 500 or more persons must register the class of securities under the Exchange Act. CMKX (then known as Cyber Mark International Corp.) voluntarily registered its common stock under the Exchange Act in August 1999. Pursuant to Section 12g-4 of the Exchange Act, a company registered under 12g may terminate its registration requirements if the number of stockholders of record is reduced to less than 300. In July 2003, CMKX filed a Form 15 in an attempt to terminate its registration under the Exchange Act. However, this filing contained an error in the stated number of record stockholders, which was discovered by CMKX's new securities counsel in February 2005.
-In 1999 CMKX, then Cyber Mark Intl., was registered as a fully reporting company. They must have had (reason to believe that they) the required total assets and 500 shareholders of record at that time. In July 2003, sometime after Urban purchased Cyber Mark Intl. as a shell, (correct me if I'm wrong on that), They had reason to believe that they had less than 300 shareholders of record and so filed to terminate its registration. The error was not discovered until this past February. There could be more inferred here than I am aware of, but could it have something to do with the naked short situation occurring from when CMKX was Cyber Mark? Could this have something to do with the error of the number of stockholders somehow? I don't know. I'm just looking a little deeper and questioning the possibilities.
"When the error in the Form 15 was brought to the board's attention, it was incumbent upon us to take corrective action, regardless of CMKX's ability to file all delinquent reports within the stated 60-day timeframe. We could not continue to have a clearly inaccurate document filed with the Commission, when we knowingly had more stockholders of record than was stated in the Form 15 filing," stated Robert Maheu, co-chairman of CMKX. On February 17, 2005, CMKX filed an amended Form 15 to revoke the previous filing and reinstate its reporting obligations under the Exchange Act. Management does not believe the filing of the amended Form 15 had anything to do with the Commission's decision to institute the administrative proceeding.
-This has been a source of confusion for a lot of people. Why would they file an amended Form 15 and reinstate themselves as a fully reporting company when they knew that they were not going to be able to file the deliquent reports within required 60 days? The answer is simple. It doesn't matter how much time they were given. They could be given 20 years to file those reports. The fact is that they would not be able to file any accurate documents when there is a NAKED SHORT POSITION WHICH SCREWS UP THE SHARE STRUCTURE AND THEREFORE ANY CHANCE OF FILING ACCURATE INFORMATION. (Accoring to Sarbanes-Oxley, if Urban and company file false reports, bad things happen to them. Think Bernie Ebbers). This is why I think this problem might go back to the Form 15 they filed in 2003 to terminate their reporting status. I think the problem existed then and even before. I suspect it was probably/likely carried over from Cyber Mark, but I don't know enough to understand why or how. Just speculation on my part at this time.
The last sentence that I intentionally boldfaced is interesting to me. As far as my pea brain can tell, it means one of two things. Either the SEC instituted the administrative proceeding to bide itself time to work out the naked short situation with the company behind closed doors, (as many currently believe), or to bide itself time to try to find a way to get rid of CMKX or otherwise find a way to squirm out of the situation. I suspect the latter.
CMKX believes that it is required to have its securities registered under Section 12 of the Exchange Act as a result of the number of its stockholders, at least 698 in July 2003 and in excess of 2000 in February 2005. Under the current rule, the number of stockholders is determined by the number of stockholders of record.
CMKX acknowledges that they are, according to SEC law, supposed to be a registered, reporting company, based upon the numbers they have for their shareholders of record.
Although CMKX has securities registered under Section 12 of the Exchange Act, according to the Commission CMKX is delinquent in its filings.
"We only want to comply with federal regulations and do what is right for our stockholders. If the Commission deems it in our stockholders best interest to forbid us from providing information through filings with the Commission, we will comply," stated Urban Casavant, president of CMKX.
-I may be wrong about this, but it seems to say that CMKX has already somehow registered and filed under Section 12 (http://wwwdotlawdotucdotedu/CCL/34Act/sec12dothtml), or tried to, but that the SEC basically is not accepting them. Perhaps they attempted to do this through the issuance or conversion of CMKX shares into different shares, I don't know. It seems to show that the SEC is accusing CMKX of being deliquent in filing when CMKX has made every effort to comply. Also, keep in mind that, after looking at the Section 12 rules, the company must have ALL of the requirements in line in order to file…not just some of them. This includes the SHARE STRUCTURE. Again, think NAKED SHORTING.
Replying to the Commission's administrative proceeding is a high priority for CMKX's management, which plans to take the following actions.
First, CMKX will be providing a response to the Commission within the time set forth in the Commission's order.
-Bring it on baby!
Second, CMKX acknowledges that all of its stockholders have a right to access public information on CMKX and to that extent, is prepared to present CMKX's response via a public proceeding as ordered by the Commission.
-BRING IT ON BABY!
Third, CMKX believes it is in the best interest of its stockholders to be informed about the securities in which its stockholders invest. There can be no doubt securities markets best perform their function of setting fair and accurate prices where buyers and sellers have full and complete access to all material information. Recent changes to the federal securities laws mandated by The Sarbanes-Oxley Act have increased the implicit and explicit cost of providing information for reporting companies. Unfortunately, from the time of CMKX's filing of a 14C Information Statement in February 2003, CMKX has not been able to rely on either previous information or current information relating to its financial statements. As a result of its inability to provide accurate information about its financial condition, CMKX has retained the services of individuals who have been promulgated with the task of rebuilding its financial records and providing the public current periodic reports as required by Section 13(a) of the Exchange Act. The implicit costs associated with Sarbanes-Oxley is that current management will not file the required periodic reports until such time as the accuracy of the information required in such reports has been verified, inclusive of the financial aspects of CMKX, stockholders equity reports, and the mining claims and other corporate assets.
-Again, they can't file until EVERYTHING is accurate. Again, think Bernie Ebbers. Urban goes to JAIL for filing false information! Again, think SHARE STRUCTURE/NAKED SHORTING.
Although it is CMKX's intention to continue to pursue the effectuation of periodic reports in compliance with Section 13(a) of the Exchange Act, management realizes that the Commission may prevail in suspending the registration of CMKX's securities for a period not exceeding twelve months, or revoking its registration altogether.
-If the SEC chooses to continue the denial/squirm out of the situation option, they can suspend the ability of the company to be fully reporting for up to 12 months.
"Unfortunately management and others involved in CMKX's previous operations were not blessed with the trait of being perfectionists. Past professional guidance has left a void which prevented the Company's ability to prepare complete and accurate periodic reports under Section 12(g) of the Exchange Act," stated Maheu.
-Remember last summer when we fired our transfer agent, hired a different one, then went back to the old one? Remember when Urban started the process of becoming his own transfer agent? I think this might have something to do with that statement, along with the fact that the company executives where not paying enough attention in the past to what was going on. This also possibly supports my belief that this NSS situation has been going on since the companies Cyber Mark Intl. days and perhaps before then.
CMKX's stockholders should realize that among publicly traded securities, two different standards exist for providing disclosures to investors. First, companies with a class of securities registered under Section 12 of the Exchange Act that are current in their obligations as a registrant ("reporting issuers") provide annual, quarterly and periodic reports on Forms 10-KSB, 10-QSB and 8-K, in addition to other reports for small business issuers SUCH AS CMKX. The second category contains companies that do not have a class of securities registered under the Exchange Act ("non-reporting companies").
-Read the first sentence and notice what I put in boldface at the end. CMKX is including itself as registered and at least attempting to comply with Section 12, making them a fully reporting company.
Reporting issues are required to provide their stockholders and the investing public with annual audited financial statements, whereas non-reporting companies do not have to provide their stockholders or the public audited financial statements. Further, companies traded on the Pink Sheets that are not reporting issuers are not required to have audited financial statements in order to continue trading on the Pink Sheets. If the Commission were to suspend or revoke CMKX's registration under the Exchange Act, CMKX would be considered a non-reporting company and would continue to trade on the Pink Sheets. In this event, CMKX intends to provide material information to the public, when available, through press releases and postings to its website.
-If the SEC decideds to suspend or revoke CMKX's Section 12 registration it will force them to stay a Pink Sheet stock, but that CMKX will MAKE ALL MATERIAL INFORMATION PUBLIC, when available, REGARDLESS OF WHAT THE SEC CHOOSES TO DO!
Casavant went on to say, "We are committed to pursuing the CORPORATE CLEANUP required to allow us to provide periodic reports to our stockholders; however, in the event the SEC determines that a suspension or revocation is in order, then aside from our compliance with such order, we will utilize our best efforts to provide minimum basic information to our stockholders, allowing for CMKX to continue trading on the Pink Sheets."
-Same comment from the last paragraph applies, but notice what I put in bold. Does anyone else suspect that the "corporate cleanup" might not be implying CMKX, but perhaps another entity or entities???
Although CMKX currently anticipates being able to continue to trade on the Pink Sheets regardless of the outcome of the administrative proceeding, it is unclear at this point if the Commission will take further action in an attempt to prevent the trading of CMKX's common stock on the Pink Sheets or any other medium.
-They don't know to what lengths the SEC will go to continue their denial of their responsibilities in this situation.
CMKX is not allowing these regulatory issues to divert management's attention from its primary operational goals of claiming new land and continuing its drilling activities. The future of CMKX lies in the continued development of its assets. Consistent with this statement, Urban Casavant added, "Creating stockholder value is a primary concern to us. We have some very positive operational things happening, both in Canada and in Ecuador, and are extremely optimistic about the future of our operations."
In the time preceding the administrative hearing, CMKX intends to continue its development activities and anticipates filing operational updates on Form 8-K, as required, when they become available.
-ROCK ON UNCLE URBIE!!!
Please remember that the above commentary is in my humble opinion and by no means should be inferred to be accurate and/or complete to any degree. For all I know every comment I've made is entirely wrong. Please feel free to pick it apart and prove me wrong or add whatever you like!
Take care.
Rich
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BBP, for the record, how much beer did you drink at the race? LOL J/k, but man??? a dollar a share?? whew hard to fathom or realy believe, not saying I don't believe in the value of the land though.
By: jabberjaw521 (ameritrade) (Jab is honest guy IMO)
24 Mar 2005, 02:22 AM EST
Msg. 181544 of 181582
Jump to msg. #http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=181544
I called Ameritrade today;(CMKX/CMKM) >>>
The person I talked to, transfered me over to a different section that was handling the (CMKM) department.. The guy I talked to wasn't going to talk about anything I had to ask..!! He did say however he wasn't sure why Ameritrade stopped trading (CMKM), but he recommended I talk to a tax lawyer, about my taxes..!! I proceded to ask questions about this stock, and he said they were not going to make any comments at this time.. However he did repeat I should contact a tax attorney.. Hmmmm
He was very helpful in making comments about that I (can't) buy anymore shares, but could sell all of my shares if I so desired..!! He hesitated on several questions that I had, and he said again I should consult a tax attorney..
I then went on to tell him about the company, and what they have reported so far.. He seem to be amazed at what I had to say about(CMKX), and kept on saying I needed to talk to a tax attorney..!! I'm not sure exactly what he wanted to say, but I believe he wanted to say more..(JMHO)
They have been gagged by some kind of order, and are not going to talk about anything..!!(JMHO)
Best Regards.. Jabber
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Hold)
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Janice...for once, I would have to agree with you on that.
axai 2mo chart..looks like GLKCE a bit... http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=axai&sid=0&o_symb=axai&f...
Call with Andy (cmkx)... http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=181020
By: HUSTLER7
23 Mar 2005, 01:28 PM EST
Msg. 181020 of 181037
Jump to msg. #
ANDY CALL FROM CMKX.NET (Read 727 times)
tomvlasic
Diamond Hunter
member is offline
Posts: 19
ANDY CALL FROM CMKX.NET
« Thread started on: Today at 1:05pm »
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Posted: Wed Mar 23, 2005 3:54 pm
gingergirl
Gemologist
Joined: 30 Sep 2004
Posts: 936
Location: San Antonio, TX
Well, I made my first call to our IR person, Andy Hill just now. I didn't expect to get through, and didn't the first three times I tried,but the fourth try the phone rang and he actually answered.
We only talked for about 5 minutes or so, but I was very impressed with his friendliness and patience. I started out by telling him I was a shareholder and I was "skeered" and wanted him to make me feel better. He chuckled and asked my how many shares and how much did I pay, so I told him. And then I asked him about why Ameritrade wasn't taking my buy orders anymore and he asked me if I had talked to them. Fortunately, I had just got off the phone with them, and I told him what they said to me, which was that it wasn't their decision to not accept buy orders. It was the MM's decision and if they weren't making a market for the stock, they couldn't do anything about it.
Andy started laughing out loud when I told him that and then he said that he had spoken to Urban for 30 minutes on Friday and that Urban had made up a little jingle when they were joking around....it goes:
"If you're in, you win.
If you're in doubt, get out."
I thought it was funny and then Andy got serious and said that when all is over, we would probably never know the whole story of what was going on behind the scenes, that it was big. And that everything was being done for the good of the shareholders and that if I could just have a little more faith, it would be rewarded, even though he knew it was very frustrating. I asked him "Can we beat them?" and he said "YES!!!"
So, even though I didn't get any real information, I DID come away feeling MUCH better, and I got the feeling that we are in a HUGE battle with some big boys and that WE CAN WIN and WE WILL WIN.
Lastly, Andy cautioned me not to believe ANYTHING posted on any internet boards, that I should only believe things that come straight from the company.
LONG AND STRONG!!!!!!!!!!!!!!
Bo, posted it out of interest sake on what the brokerages are saying. I agree its bunk.
By: mightyzum (ameritrade)
23 Mar 2005, 09:04 AM EST
Msg. 180793 of 180842
Jump to msg. #
JUST TALKED TO AMERITRADE . . .
WTF is going on? It is true that you cannot place a buy order on CMKX.
I asked why this is happening and he said "because CMKX is behind in their filings with the SEC".
So I asked "does this happen to every company that gets behind in its filings?"
The man said . . . "no - this is a special circumstance" and he would not elaborate.
These people have a special script sitting in front of them for what to say to CMKX shareholders. All I know is that the MMs are in deep doo doo.
I think Varok is justified in his excitement.
Mighty
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LOOKIE HERE TOO!... http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB00206&read=24774
By: cal021
22 Mar 2005, 10:55 PM EST
Msg. 180603 of 180656
Jump to msg. #
Re: Ameritrades Response
« Reply #27 on: Today at 10:37pm »
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I just called Ameritrade and yes they are not buying. I of course
asked WHY? He went and asked a Manager and he said "the only thing
he has been told is there is a possible bankruptcy" (WHAT)
I did not talk to the manager personally ,but the representative
came right back on the phone and said that's what the manager said.
The bankruptcy part was just hearsay from the manager??. I think
they all need shares!!! to cover a NSS? HMMMMM...
What do you guy's think?? I swear to God that is what they told me. They should NEVER be able to say bankruptcy to me! Someing is really going on. I think they were just trying to get me to sell?.JMHO
DUH, I think that is agianst the law!
Thoughts
Island
Oh, is that why Bob Mahue signed up? LOL citygroup, Roger Glenn, E & A lawfirm, Lucas oil...need I say more?
LOL, very funny, touche!!! eom
chisox are you the "pat" from saturday night live? I always kinda wondered?
Way Way to big to sweep under a rug, or take to the limelight by SEC (further attacks)...hmmm, what options are left?
Ameritrade response... http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=180600
ZEN...So true, amazing the spin they try to put on it... I must say the bashers are looking more and more foolish with their explanations, seems Janice is a Shell of her former self. Nite Nite Janice!!!