InvestorsHub Logo
Followers 0
Posts 212
Boards Moderated 0
Alias Born 08/10/2004

Re: None

Thursday, 03/17/2005 3:55:00 AM

Thursday, March 17, 2005 3:55:00 AM

Post# of 358439
Dear Senator Bennett, Any chance I can get a transcript of what was told to you behind closed doors of the conversation between you and SEC chairman Donaldson. I'm one of 50000 investors in CMKX. We believe we have a naked short condition on this stock also such as the one you asked the Chairman about. The shareholders of CMKX believe that there could be a NSS condition on our company of over 50% of the float based on a dividend we recieve last year which would put our float at 1.5 trillion shares but we only have 800 billion authorized. By the way, I don't have issue with the amount of shares outstanding, it's all relative to the price per share. We're a mining company with many different partners and many different revenue streams. We're a fairly new company only being in business for the last 3 years. We stopped filing reports 2 years ago. This was a mistake for our company and We filed a form last week to begin reporting again. Soon after and not waiting for us to file our updates to bring our company into compliance, the SEC starts a gun battle with our company in what looks like to shut us down in 60 to 120 days. Now remember, must of us are small to medium investors with investments of $500 to $50,000 each or more.(I've got a decent amount invested)We're not corporate investors for the most part. But we are 50,000 people from around the country that done our homework and are prepared to wage war over this investment in the media. (I'm president of a growing NJ company and the PR person and I worked for Greater Media for 5 years in my past life as newscaster) The large majority of us invested money at this thing understanding that there was no reports and we completely understood, that based on our due diligence of the company and the the company president, who was always available to talk to around the country, that it was that way. If there is a NSS condition on this company to the tune of at current market prices of $140 million dollars, I could see the DTC or some major brokerage about to lose this money to us if we can prove a NSS condition(or a lot more depending on if they have to really cover) OR get their good friends at the SEC to shut our company down for what is really just a minor filing error that needs to be updated. Now if they have to cover this naked short condition, we could be talking Billions, because none of the shareholders want to sell at the current PPS. This companys float traded trillions of shares last year yet we only have 700 billion sold to shareholders and the insiders of the company. The SEC coming in this hot and heavy makes it look like the SEC is working for the DTC and not the investor. In fact, their statement today states that they are protecting the investor by threatening to shut our company down. Senator, I don't feel very protected. As I told Senator Singer of NJ at lunch yesterday,(we have lunch together once a month) It's too bad you're just a state and not federal Senator, because we're in NJ with a lot of seniors and if he made his theme(Protect the investor, protect the seniors social security fund), he'd be riding this to congress. When I mentioned this theme to him, he looked at me and said "Hell of an idea, I might use it and I'll look into it.)He always wanted to be a Federal Senator. Anyway, looks like your the hammer on this one. We both know the SEC and DTC are involved in a massive fraud on the US and the world wide public. You touched on it when Chairman Donaldson answered you and wanted to see if you are part of the good old boy network? Seems like he got the shock of his life when you talked about what isn't supposed to be talked about. Want to be President, Senator Bennett? It wins the Senior vote if handled correctly and without knocking our economy to hell and creating mass panic in the markets. Senator, 50,000 people are behind you on this one. We're pushing back and we're internet savvy.
Know what I mean. Yours Truly. S.N - President - A big company in NJ.

Because winning really is the only thing. Losers say everything else.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.