By: mike777
07 Apr 2005, 09:57 AM EDT
Msg. 889871 of 890190
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The most important CMKX post you will ever read! For all...
Dear Investors:
I just got off the the phone with Sterling after a very
lengthy conversation (about 35 minutes) today on the 7th,
of April.
There are many issues that we haven't thought about in what's coming!!!
And therefore I must outline for you and all investors
how important it is that we all band behind the lawyer
Frizzle who intends to help represent us. Prior to this
I had thought the idea to be very bad. But after much
discussion I found out a few extremely disturbing facts
that shows me ... a few things.
1) If a deal isn't already in the works, and we go to
trial, this could be extremely bad for many investors.
If a deal is done (ie. Citigroup)and approved by the SEC (and yes they have to approve it), then we are okay.
2) If at the trial we get revoked not just as a company listing, but all our shares REVOKED.. (gone -- and finito), then only those who hold CIM and othe divvys are okay. Everyone else who bought after the fact will lose out and lose their monies.
3) This judge being used is paid by the SEC, a Federal Judge
with a record of EVERY TIME REVOKING.
4) We cannot rely solely on the auspices of our own legal
team... why? Because CMKX's legal team may be confined to
solely address the legal issue of filing mistakenly with
more than 300 shareholders. Can or would the SEC revoke
us simply on something as insignificant as a traffic ticket?
Yes.. and you know all the reasons why. They want us to
go away. Easiest way to handle the huge short position.
The SHORT will not be brought up by our CMKX lawyers.. and even if Urbie is on the stand and tries to, the opposing lawyers will confine the arguement solely to this issue.
HOWEVER -- with outside representation for the shareholders
in a public hearing.. we can have our own arguments presented.
We can present how revoking us would do more harm to investors than good. We can with Frizzle's documentation
and representation of shares show how there is a huge short position.. and the tons of money which shareholders have invested in this stock. And how it is not in the SEC's interests to hurt investors.. and how big we would be hurt. So the SEC would not accomplish anything by their punitive actions, and we could show how this stock has been held down by the MM's at a low price.
As Sterling described it, it's almost like buying car
insurance after you got the car. Well we've had the
car for months.. some for years. Get the insurance. It
will document your representation and position, and
lend support in Share NUMBERS to weild more power against
the SEC. It's why CMKX is saying.. good bring it on -- the support and Frizzle's Group. Because Frizzle group can
say and bring out things outside the issue addressed,
and then protect us. We could win... on our own merits,
but why risk it without Frizzle? If we have reinforcements and additional help, we are better suited towards winning.
Oh.. and by the way.. even if we tried to go to one of
Maheu's blank check firms.. we'd need an approval of the
SEC still... If we went private.. we'd still need an
approval. Get the picture ??? The SEC stands in the way
still ..
ALL IMO.
Do what you think is best but I would go for it at this
point. Here's the link below.. and no I do not get a cut
in this...
www.cmkxownersgroup.com
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