CMKM Diamonds Inc. (fka CMKX)

[Ignutz]

The BIG SNOWBALL is picking up speed.

Patrick:

Just wanted to drop by and say hello. I am the one who wrote Ms. Hadley this weekend. Ready to join the fight with you, and do whatever I can from the East Coast. I bring several hundred as part of my group, and hundreds more followers from the Yahoo boards ready to bring these criminals down. I have been active on this issue for 4 years now when it was obvious a Nasdaq at 5000 could not go straight to 1100. Stocks at $100's of dollars did not deserve to be pennies. It was too obvious. I was "the crazy" that educated the entire Yahoo community on what was occurring. They all called me a Conspiracy Theorist, and tried to laugh me out of town as a sore loser. Nobody is laughing now, except all the shorts, hedges, media, and off-shore factions that are in on it.

On a related note, just to show you how quickly the problem is progressing. Two weeks ago, a stock on the Nasdaq Eltek (ELTK) reported great earnings. Another low-float stock that broke out to much higher levels. It immediately came down on the lack of liquidity. Then, this past Monday [March 28], it surged from $4.12 to set a new 52 week high at $6.40. Since that instant on Monday, it has come straight down with no breath of holding an uptick. The naked shorters are sitting on the ask all day and operating through CIBC World Markets. No amount of buying can get through their unlimited supply of naked shares.

I tell you this because, just in the matter of a few days, they have popped up on the European Exchanges, without their consent. They also have gone into FTD status now appearing on the SHO list. Just one week ago, they were the largest one day gainer on the Nasdaq because of a true company turnaround. Now, there is no reason to suggest the stock could ever go higher anytime in the future.

This has got to stop. Stockgate IS about to be the biggest scandal in World History. Almost $5 trillion has been lost to this practice.

Our current list of demands is growing. If the naked shorts have a problem with any of them, then come out of the closet and discuss your concerns with us. I'm sure everyone would love to know who you are, and how you justify your illegal activity.

The American people will call for immediate reform and DEMAND no less than the following:

1). Donaldson...gone.

2). 300 attorneys at the SEC...gone.

3). DTCC reform and present officials...gone. No more protection of their illegal $50 bil. a year income.

4). A newly formed SEC comprised of private investors. An SEC formed solely for the purpose of which the Securities Act of 1934 called for...protection of the private investor.

5). No security prospectus anywhere warns any investor of the perils of naked short selling. Therefore, the SEC by its own admonition has created a securities market where they have openly committed fraud on the individual investor by allowing any practice of naked short selling as a part of bonafide market making. By grandfathering all previous naked shorting previous to Jan. 2005, they are committing a second fraud on the American investor. Therefore, the SEC shall immediately be called to answer some 40000+ charges of fraud and market manipulation.

6). An immediate call of all outstanding short shares. The SEC does know exactly who is naked short selling our securities. All companies will then re-issue their "authorized" number of short shares. Since "the sum of the parts cannot be more than the whole", then all the parts are deemed null and void. A private agency will then be formed to administer the short shares of every US listed company. Seven days notice will be required to locate the short shares of any US listed security.

7). There will be no more pools of short shares created on a daily basis as naked shares to counteract the effect of buying on margin. This is called "kiting" shares. It is illegal anywhere else in the world with a check, and illegal in the markets. There is no accountability in this practice and no justification for it. It forces every stock on the board to have twice as many buyers as sellers for it to appreciate in price.

8). Immediate enforcement of the uptick rule. No more shorting into the bid.

9). Immediate access to Level 3 for all investors. It is not a level playing field until it is a level playing field.

10). No more trading off the board by market makers. All trades must cross the tape during market hours.

11). No more painting the tape by specialists. The 4pm close is the 4pm close.

12). Immediate reform and disclosure for all hedge funds. They changed the rules without telling anybody. They won't mind if we demand changing the rules for the benefit of the private investor.

13). No get out of jail free cards. No deals. This is the largest crime in World History and they all need to be made an example of. The practice of shorting should be a scary endeavor where even the slightest news will cause panic. That was the way it was designed. For years now, it has been the other way and anybody long a stock cannot even sleep at night because the criminals never sleep.

14). An immediate daily publication of all open short interest on every stock, with name or entity and number of shares.

15). Immediate delisting of all companies listed on foreign exchanges without the companies consent.

16). Immediate investigation of all media, reporters, and news writers who have received funds for writing articles about any company. All payola payments will be found, off-shore accounts will be seized, and those involved immediately thrown in jail. I’m sure a good place to start is CNBC with their off-shore accounts and their blatant attack against Taser. There are a few thousand others. CNBC doesn't report news. They create news. There is no first amendment right to freedom of speech when you harm a stock price through a news story. Even airing a commercial for which you were paid is in fact receiving $$$ for airing slam stories against a company. News is news. Repeating the same news over and over is slamming. And CNBC is guilty as charged.

The list will grow larger every day.

http://forums.auctions.overstock.com/viewtopic.php?p=79895