Replies to post #322815 on CMKM Diamonds Inc (fka CMKX)

[pantherj]

We know for sure that 40,000 - 50,000 "investors" looked the other way in spite of all the evidence that was presented to them.

if that is how it went down, then who looke dthe other way why it was happening ?

[fung_derf]

Not sure what that even means. First off, penny stock trading was all the rage. I know of brokerages at the time that started directing their business more towards penny stock trading because the money for them was so easy. Then you have to consider there were MANY penny stocks trading with ridiculous volume.
Then, the SEC came in and did shut down the trading for the allowed 10 days. This is supposed to notify the shareholders that something is amiss. Instead, the mullets here just whined that the gov't was trying to prevent them from making money.
Seriously, this stock had so many red flags you could have won a game of Stratego with it. What more were you expecting? Your own government agent to come in and take your wallet from you for your own good?