Replies to post #68693 on CMKM Diamonds Inc (fka CMKX)

[bluediamonds]

JANICE SHELL: WRONG AGAIN!!!

Posted by: Will99
In reply to: None Date:8/2/2004 2:02:07 PM
Post #of 68470


Janice: O'Quinn doesnt take these cases anymore????

StockGate: Pet Quarters Files $400M Suit Against Badian, Rhino, LadenburgThalmann

Aug 2, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Pet Quarters Inc. (OTC: PDEN), formerly a mail-order catalog and internet based pet supply company based in Lonoke, Arkansas, has filed a $400 million complaint against Thomas Badian, Rhino Advisors, Inc., Ladenburg Thalmann & Co., Inc. (AMEX: LTS) for alleged stock manipulation.

Badian and Rhino Advisors settled with the U.S. Securities and Exchange Commission for $1 million in February 2003. At the time of the settlement, the SEC said Badian was behind manipulative short sales aimed at shares of software company Sedona Corp. (OTCBB: SDNA), then a NASDAQ (OTCBB: NDAQ) listed company.

The FBI reportedly recorded dozens of conversations showing a giant conspiracy between Badian and numerous brokers and brokerages but to the dismay of opponents of illegal naked short selling, no charges have been brought against any of the others.

The complaint alleges a scheme by the defendants to defraud PQI and its investors by posing as investors and acquiring convertible securities, common stock and warrants with the intention of manipulating downward the price of the stock; a practice commonly referred to as death spiral finance which violates both federal and state securities laws.

Pet Quarters is represented by the law firms of O'Quinn, Laminack & Pirtle, Christian Smith & Jewell, and Heard, Robins, Cloud, Lubel & Greenwood, LLP, all of Houston, Texas. The consortium of law firms, famed for the giant awards they obtained suing tobacco companies, says it has filed 20 such cases, and plans many more. The group recently brought suit against the Depository Trust and Clearing Corp. for allegedly participating in the short-selling conspiracy through its "stock borrow" program which the attorneys say is nothing more than an illegal electronic printing press for stock certificates.

Attorney Sean Greenwood said: "As described in the complaint, death spiral practitioners appear to be bona fide investors who carefully select companies whose shares can be manipulated and totally controlled by them. The perpetrators of these schemes work through a network of agents and finders that seek out suitable targets and steer them to a group of death spiral practitioners. The perpetrators typically operate through multiple tiers of offshore funds, advisors, directors and agents for the purpose, we believe, of obscuring the identity of the investors and impeding investigations by regulatory authorities in order to avoid civil liability.

Two of the defendants in the case, Thomas Badian and Rhino Advisors, Inc., were the subject of an SEC civil enforcement action which they settled for $1,000,000 pertaining to the trading of shares of SEDONA (R) Corporation. Badian is also currently the subject of a criminal prosecution by the United States government in the Southern District of New York which alleges stock fraud and stock manipulation in the shares of SEDONA. Mr. Badian is currently a fugitive from justice.

Steve Dempsey, Chairman and CEO of PQI says: "What happened to us, SEDONA, and other companies like us is a travesty. The promise of American business is that through hard work, good planning and good execution, you can succeed. We were never given a chance. We were targeted for destruction."

Lead counsel John O'Quinn said: "We are committed to the relentless pursuit of justice for PQI and its shareholders."



http://www.investorshub.com/boards/read_msg.asp?message_id=3709878

Posted by: zeninvestor32
In reply to: Will99 who wrote msg# 68311 Date:8/2/2004 2:09:11 PM
Post #of 68470

WILL99, SHHHHHHHH!!!

LOL I was trying to have her go on record about O'Quinn not being interested in these cases any more since she stated CLEARLY before that O'Quinn is no longer touching these cases. Hmmmmmm. Guess she is wrong AGAIN. At this stage, I'm wondering if she's ever been right about ANYTHING.

How funny that just last night she prattled on about O'Quinn again, not even knowing that on July 30, O'Quinn filed that $400M lawsuit. LOL




Z

As always, these are my personal opinions.

Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.


http://www.investorshub.com/boards/read_msg.asp?message_id=3709954

[janice shell]

One problem with this...

According to the UCAD agreement, Urban's 40 billion shares will NOT be receiving a dividend, thus meaning the max shares under any circumstance that it could be based on would be 460 billion.

...is that all owners of a single class of stock MUST be treated equally.

I've just reviewed the UCAD 8-K and the relevant CMKX PR. I can find nothing in either that specifies that the Casavants won't be getting the divvy.

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2004%5C07%5C18...

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001232247%252D04...

[bluediamonds]

DIVIDEND & OS - Something to CONSIDER

by Borehole
Diamond Hunter


member is offline


Posts: 36
DIVIDEND & OS - Something to CONSIDER
« Thread started on: Today at 6:37pm »

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If you look at the OTCBB dividend for CMKK you will see a "+" sign before the amount to be paid - "+.0000155"

If you go to the web-site text file lisitings for dividends noted on August 2...

http://www.otcbb.com/dailylist/txthistory/di08022004.txt

...You will see that NO OTHER DIVIDENDS have a "+" or "-" sign. The "+" designates a maximum 500B OS but that it could also be less, hence a greater ("+") value for each share.

This means that WORSE CASE SCENARIO it is .0000155 but that it can ALSO BE MORE THAN THIS, hence the "+" sign. What they are saying is THAT THEY DO NOT KNOW THE OS!

You can explore other dividends at the same site...

http://www.otcbb.com/dailylist/index_2004.htm

...and decide for yourself. The only one I could find with a "+" was CMKX. I think if you can find another stock with an unknown OS, that has released a dividend, that you will also see a "+" sign.

JMO!
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john winston o lennon
God of Diamonds


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Posts: 816
Re: DIVIDEND & OS - Something to CONSIDER
« Reply #1 on: Today at 6:40pm »

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I like it
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YOU ONLY LIVE ONCE, AND IF YOU DO IT RIGHT , YOU ONLY HAVE TO LIVE ONCE. CMKX TO DA MOON


CDLIC
Diamondologist


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Posts: 437
Re: DIVIDEND & OS - Something to CONSIDER
« Reply #2 on: Today at 6:40pm »

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Borehole,

Bravo! Nice detective work and deduction. Very nice find. That sure would indicate to me that it leaves the possibility for a lower o/s.

Ciao for now,

CDLIC


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"The harder the conflict, the more glorious the triumph." Thomas Paine (1737-1809)


seth
Diamond Hunter


member is online









Posts: 12
Re: DIVIDEND & OS - Something to CONSIDER
« Reply #3 on: Today at 6:55pm »

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I can't find the cmkx div...
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AZWILDCATS
Diamond Finder


member is offline








Gender:
Posts: 55
Re: DIVIDEND & OS - Something to CONSIDER
« Reply #4 on: Today at 6:57pm »

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I think you just nailed it Borehole. Very nice work!! It was right there in front of all of us the whole time and didn't see it.

http://cmkx.proboards35.com/index.cgi?board=general&action=display&num=1091497078

[matrix]

The company has not released any distribution date or dividend ratio figures publicly and that link to otcbb.com IMO can NOT have those variables until the information is publicly available. Neither was even contained in the UCAD SEC filing on the agreement.

Come on dude, info posted on otcbb.com is most definitely publicly released. After all, the Nasdaq runs that site. You can check for yourself here: http://www.register.com/whois_verify.cgi. I think pinkies and OTCBB companies have to file w/ Nasdaq when they want to distribute dividends to shareholders.

An SEC filing is NOT needed before a dividend is given. A reporting company has the option of mentioning it in their next regular filing if they want.

According to the UCAD agreement, Urban's 40 billion shares will NOT be receiving a dividend, thus meaning the max shares under any circumstance that it could be based on would be 460 billion

Well, if this is the case, the math doesn't work out at 460 billion.

460 billion CMKX x .0000155 = 7.13 million UCAD.

CMKX was given 7.5 million. Who pocketed the remaining 370,000 UCAD shares? All shares of a class are supposed to be treated equally regardless of who holds them.

It might be a wise for someone to contact the Nevada SoS to see whether or not the authorized amount was raised again.