elfieh
Dr. Of Diamonds
Posts: 125
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Post by elfieh on Dec 14, 2010 22:40:11 GMT -5
Funny thing is..Melvin probably has this one right, At least half of it. Guess which half. tripper I think it's time you stand tall for urban. Your pathetic parade pissing is already old. We have your opinion, already.  |
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Post by Ed Jagacki on Dec 14, 2010 23:17:24 GMT -5
As a matter of fact, we have it on multipke threads, thank you so very much...
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Post by theotherside on Dec 15, 2010 1:26:57 GMT -5
I don't buy the whole "logistics" of packet and payouts is holding us up......do you really think that they all of a sudden gave a thought as to how to send/pay us? We're talking years of the trusts being in place with release of payment meant back in 06. For once I wish someone of actual authority would just tell us the truth without us having to use decoder rings to decypher the message. Assuming this really is a done deal with 4 trillion dollars (rounded up) set aside and ready to be disbursed, logistics could be the entire holdup. I'll use myself as an example. I own 10 million shares that were bought over a 14 month period years and years ago. As of today I have not been contacted by anyone or any "entity" asking me if I still own these shares. With no verification they're not going to send me a dime. The only way I see this going down is through an extremely complex, foolproof verification process much like a class action but multiplied 100 fold. I believe that eventually we will actually receive a packet in the mail that begins with something like "Our records indicate that you are, or at some point may have been a shareholder of CMKM Diamonds, Inc." That will be followed by page after page of explanations and instructions, again, just like a class action mailing. The process has to be absolutely airtight though. There's too much money in play here to risk a payout to someone who's not entitled or to not pay someone who is. My opinion is that we're going to have to jump through a many, many hoops to prove our entitlement. Unfortunately that's the way it has to be done. "They" can't just cut me a check for 60 million dollars or so without concrete evidence that I'm entitled to it, it's insane to even think so. Before anyone gets paid a single penny they're going to know beyond a shadow of a doubt who deserves to be paid, who doesn't and the amount each shareholder will receive, it has to be that way. The big downside to that is that it's going to be a very lengthy process. We're talking 40 thousand plus people that literally span the globe and each and every one of them will have to be contacted and verified. I'm optimistic, in fact quite confident, that eventually we will be paid for what we've endured. The timeframe though is way off in my opinion. I know it's not a popular opinion but honestly, I don't really see it happening in 2011. If they begin the verification process on 1/1/11 I just don't see any possible way that all shareholders will be identified and their payout amount determined before the end of next year. There's just too many people to contact and too many shares to account for before any type of payments can be set up. I truly hope I'm wrong in my assesment because I know some shareholders are in dire need right now. Hopefully those that are in that type of situation can figure something out for another year or two until their dreams can realistically come true. |
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Post by portrush on Dec 15, 2010 1:37:45 GMT -5
I received a check last week from an SEC Distribution Fund as a result of a court order for a company I invested in nearly 7 years ago...more like 8 years ago. The check just showed up and on the attached explanation it said that either a third party source or the company provided all the detail they needed to make this distribution to me. I was never notified...it just arrived. It then it went on to advise getting tax advise before anything is done with the check. If it worked in that instance, why not for cmkx? pr I don't buy the whole "logistics" of packet and payouts is holding us up......do you really think that they all of a sudden gave a thought as to how to send/pay us? We're talking years of the trusts being in place with release of payment meant back in 06. For once I wish someone of actual authority would just tell us the truth without us having to use decoder rings to decypher the message. Assuming this really is a done deal with 4 trillion dollars (rounded up) set aside and ready to be disbursed, logistics could be the entire holdup. I'll use myself as an example. I own 10 million shares that were bought over a 14 month period years and years ago. As of today I have not been contacted by anyone or any "entity" asking me if I still own these shares. With no verification they're not going to send me a dime. The only way I see this going down is through an extremely complex, foolproof verification process much like a class action but multiplied 100 fold. I believe that eventually we will actually receive a packet in the mail that begins with something like "Our records indicate that you are, or at some point may have been a shareholder of CMKM Diamonds, Inc." That will be followed by page after page of explanations and instructions, again, just like a class action mailing. The process has to be absolutely airtight though. There's too much money in play here to risk a payout to someone who's not entitled or to not pay someone who is. My opinion is that we're going to have to jump through a many, many hoops to prove our entitlement. Unfortunately that's the way it has to be done. "They" can't just cut me a check for 60 million dollars or so without concrete evidence that I'm entitled to it, it's insane to even think so. Before anyone gets paid a single penny they're going to know beyond a shadow of a doubt who deserves to be paid, who doesn't and the amount each shareholder will receive, it has to be that way. The big downside to that is that it's going to be a very lengthy process. We're talking 40 thousand plus people that literally span the globe and each and every one of them will have to be contacted and verified. I'm optimistic, in fact quite confident, that eventually we will be paid for what we've endured. The timeframe though is way off in my opinion. I know it's not a popular opinion but honestly, I don't really see it happening in 2011. If they begin the verification process on 1/1/11 I just don't see any possible way that all shareholders will be identified and their payout amount determined before the end of next year. There's just too many people to contact and too many shares to account for before any type of payments can be set up. I truly hope I'm wrong in my assesment because I know some shareholders are in dire need right now. Hopefully those that are in that type of situation can figure something out for another year or two until their dreams can realistically come true. |
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Post by theotherside on Dec 15, 2010 1:51:10 GMT -5
I received a check last week from an SEC Distribution Fund as a result of a court order for a company I invested in nearly 7 years ago...more like 8 years ago. The check just showed up and on the attached explanation it said that either a third party source or the company provided all the detail they needed to make this distribution to me. I was never notified...it just arrived. It then it went on to advise getting tax advise before anything is done with the check. If it worked in that instance, why not for cmkx? pr Assuming this really is a done deal with 4 trillion dollars (rounded up) set aside and ready to be disbursed, logistics could be the entire holdup. I'll use myself as an example. I own 10 million shares that were bought over a 14 month period years and years ago. As of today I have not been contacted by anyone or any "entity" asking me if I still own these shares. With no verification they're not going to send me a dime. The only way I see this going down is through an extremely complex, foolproof verification process much like a class action but multiplied 100 fold. I believe that eventually we will actually receive a packet in the mail that begins with something like "Our records indicate that you are, or at some point may have been a shareholder of CMKM Diamonds, Inc." That will be followed by page after page of explanations and instructions, again, just like a class action mailing. The process has to be absolutely airtight though. There's too much money in play here to risk a payout to someone who's not entitled or to not pay someone who is. My opinion is that we're going to have to jump through a many, many hoops to prove our entitlement. Unfortunately that's the way it has to be done. "They" can't just cut me a check for 60 million dollars or so without concrete evidence that I'm entitled to it, it's insane to even think so. Before anyone gets paid a single penny they're going to know beyond a shadow of a doubt who deserves to be paid, who doesn't and the amount each shareholder will receive, it has to be that way. The big downside to that is that it's going to be a very lengthy process. We're talking 40 thousand plus people that literally span the globe and each and every one of them will have to be contacted and verified. I'm optimistic, in fact quite confident, that eventually we will be paid for what we've endured. The timeframe though is way off in my opinion. I know it's not a popular opinion but honestly, I don't really see it happening in 2011. If they begin the verification process on 1/1/11 I just don't see any possible way that all shareholders will be identified and their payout amount determined before the end of next year. There's just too many people to contact and too many shares to account for before any type of payments can be set up. I truly hope I'm wrong in my assesment because I know some shareholders are in dire need right now. Hopefully those that are in that type of situation can figure something out for another year or two until their dreams can realistically come true. No direspect intended PR but was it a similar situation? Could you elaborate a bit on the circumstances regarding the company, the actions against them, etc? |
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Post by lurknomore on Dec 15, 2010 1:53:50 GMT -5
We are Transfer Online™. We are an online stock transfer agent, financial services provider, and consulting firm, with expertise in traditional services - as well as integration of new technologies. Our Vision is to create a new model for recordkeeping that meets the needs of growing companies. We can handle any technology challenge, and provide flexible solutions tailored to meet customer needs. Through our proprietary software, we are able to provide our clients and their shareholders with immediate access to their information. All shareholder information - names, addresses, phone numbers, taxpayer information, share ownership and historical data - is available online. And issuers, too, can access a comprehensive suite of tools and reports at any time by logging into TransferOnline.com. We believe in providing this complete package of transfer agent services at an affordable price. Our core team has decades of Wall Street experience, with emphasis in corporate recordkeeping and securities processing. Our technology partners develop financial and transfer software suites and cutting edge design. www.transferonline.com/index.cfm?action=aboutTA&pathid=65&highlite=0 |
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Post by humbledd on Dec 15, 2010 10:33:55 GMT -5
yeah ,lurk i brought that up a few days ago...........theyhave the info they need to fund our accounts and shareholders havnt set that account up,thats were the red tape will come in for the shareholders who never recieved there certs..thats what the whole point of the cert pull was about to verify who was golden and isnt......................
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Deleted
Deleted Member
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Post by Deleted on Dec 15, 2010 11:25:37 GMT -5
yeah ,lurk i brought that up a few days ago...........theyhave the info they need to fund our accounts and shareholders haven't set that account up,thats were the red tape will come in for the shareholders who never received there certs..thats what the whole point of the cert pull was about to verify who was golden and isnt...................... People have been told over and over again to get their certs IN HAND and to register them with Transfer on line. Anyone who has not done this by now is only hurting themselves. They have had PLENTY of notification. D4E |
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Post by theotherside on Dec 15, 2010 12:04:39 GMT -5
yeah ,lurk i brought that up a few days ago...........theyhave the info they need to fund our accounts and shareholders haven't set that account up,thats were the red tape will come in for the shareholders who never received there certs..thats what the whole point of the cert pull was about to verify who was golden and isnt...................... People have been told over and over again to get their certs IN HAND and to register them with Transfer on line. Anyone who has not done this by now is only hurting themselves. They have had PLENTY of notification. D4E Plenty of notification only if you read the boards. Call me a basher if you'd like but I still maintain that there will have to be some type of official notification (i.e. certified mail), a complete auditing of every single share and a shareholder verification process. I know it's not what you want to hear but again, when you're talking about a payout of epic amounts, the money is not going to be doled out carelessly. I've held my 10 million shares for years and years. Do you really think I'm going to get a check for whatever the amount may be without me proving those shares are still in my posession? |
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Deleted
Deleted Member
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Post by Deleted on Dec 15, 2010 12:24:16 GMT -5
People have been told over and over again to get their certs IN HAND and to register them with Transfer on line. Anyone who has not done this by now is only hurting themselves. They have had PLENTY of notification. D4E Plenty of notification only if you read the boards. Call me a basher if you'd like but I still maintain that there will have to be some type of official notification (i.e. certified mail), a complete auditing of every single share and a shareholder verification process. I know it's not what you want to hear but again, when you're talking about a payout of epic amounts, the money is not going to be doled out carelessly. I've held my 10 million shares for years and years. Do you really think I'm going to get a check for whatever the amount may be without me proving those shares are still in my posession? Good point but. Anyone who bought shares through a TA or brokerage that were not NSS will have had their info passed to the new TA, so they will be informed. Only people who bought their shares through Deli or from anyone after the revocation would have had to keep up with this themselves either on the boards or through friends. D4E |
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Post by gjfromfla on Dec 15, 2010 12:57:31 GMT -5
There is no difference between Melvin, Oaks, Acca, Mona, etc... None of them have provided any percentage of proof or content that has any merit to their statements... Nothing, zero, zilch... IMO what have they brought to the shareholders that has any truth?
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Post by sunbeam777 on Dec 15, 2010 19:57:52 GMT -5
very_tired15: From last I heard, AH is still in the same mind frame
Santasi: Very_Tired, what was your reaction to Melvin's announcement yesterday?
sander25nl: cool
'very_tired15: Melvin's announcement? I believe Melvin may be sincere, but he is likely ab out as knowledgable about what is really happening as the rest of us. AH has said he expects it before Christmas, so I will go with that until I hear from him otherwise.
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Post by lurknomore on Dec 15, 2010 21:32:32 GMT -5
Do you really think I'm going to get a check for whatever the amount may be without me proving those shares are still in my posession? Your purchase of 10M shares is verified via CERT PULL, or electronic records, if you didn't get a cert. (I can't believe anyone didn't get a cert! If not, they don't deserve any $$$!!!) If you SOLD your shares, you would have to have done that through the TA. If you TRANSFERRED your shares, you would have to have done that through the TA. I don't see a problem here. |
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super
Dr. Of Diamonds
Posts: 176
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Post by super on Dec 15, 2010 22:50:46 GMT -5
A friend of mine did not do The cert pull because I did not tell her. Electronic record yes, through Ameritrade... She gave up on CMKX years ago, I told her about whats going on and she does not believe it. She only spent about $900. and took it as a lose. So what does this mean? She will get nothing? Or because she does have electronic shares that she will. There was no one to tell her to pull her shares. What happens?
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Dec 15, 2010 22:55:09 GMT -5
A friend of mine did not do The cert pull because I did not tell her. Electronic record yes, through Ameritrade... She gave up on CMKX years ago, I told her about whats going on and she does not believe it. She only spent about $900. and took it as a lose. So what does this mean? She will get nothing? Or because she does have electronic shares that she will. There was no one to tell her to pull her shares. What happens? If she claimed the stock as worthless on her income tax, it's done. I am sorry for her. If not all she needs to do is to register with the TA and she's fine. D4E |
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