marrcooo: Capt Nemo had already posted a long list of reasons which you chose to ignore. I'll list a few anyway if nothing else for the benefit of new investors who might want to learn.
- CMKX is delinquent in their SEC filings.
- Management has disenfranchised their shareholders by not holding required annual meetings, by hiding share structure from the public, by not allowing shareholders to vote in such matter as BoD members, raising the a/s, etc.
- CMKX does not have a viable business plan. Those who are too close to their investment here may strongly disagree. Anyone who has run a business or been in management should be able to see and acknowledge this point is true.
- No exchange will ever list a stock which has this many shares outstanding and no revenue stream to support its operations.
I can go on and on. Bottom line is AMEX, Nasdaq, and the other exchanges besides having certain listing requirements also review the history of a company's business, its management, their associations with others, treatment of shareholders, etc. For Urbie, this means not only CMKX but all the other companies in which he has been involved.
Glenn is merely a securities attorney. There's a ton of his type working in NYC as well as around the country. Like all attorneys, he will only work on areas which he is specifically asked and paid. If Urbie stops paying Glenn's billing hours, he's out of here. He is not emotionally attached to this company like you are. He is merely providing a legal service for which he is being paid quite handsomely.
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"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett
