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Post by hurricane on May 22, 2013 20:16:55 GMT -5
The one thing I don't get is the SEC never called out AH and said his claims/Bivens case was frivolous.
Correct me if I am wrong. At one point wasn't one of the hearings delayed 30 days due to pending release of the trust? The SEC agreed to the 30 days.
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Post by portrush on May 22, 2013 20:23:56 GMT -5
The one thing I don't get is the SEC never called out AH and said his claims/Bivens case was frivolous. Correct me if I am wrong. At one point wasn't one of the hearings delayed 30 days due to pending release of the trust? The SEC agreed to the 30 days. Common courtesy in law. At one point as well, Hodges granted a 30 day extension because the SEC attorney was going to take vacation. Don't read anything into it. pr
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Post by e362 on May 22, 2013 20:27:19 GMT -5
I personally think Steve will fall short in his goal to save the company. That is not a jab at Steve, he has just been given an impossible task IMO. And if by some chance we do go back to trading, any remnant of the old CMKX including shareholders will be long gone. The massive R/S will get rid of the majority and those that have a shares left will sell off, leaving Steve with a new share structure, a new company name, and new investors that have never heard of CMKX. IMO Briwadd Briwadd, I too wondered about SK's involvement. Do you honestly think the stooges placed before him would have left if there was truly something of value? I think we are nothing more than a gullible fanbase for a speculator.
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Post by hurricane on May 22, 2013 20:35:19 GMT -5
Has anyone tried to get AH's Writ documentation from the Supreme Court? Or do we just assume its essentially the same documentation from the lower court? Case 12-1138.
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Post by e362 on May 22, 2013 20:47:38 GMT -5
Has anyone tried to get AH's Writ documentation from the Supreme Court? Or do we just assume its essentially the same documentation from the lower court? Case 12-1138. Go for it!
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Post by Deleted on May 22, 2013 21:13:29 GMT -5
The TA represents an ongoing expense to the company and one of its larger creditors at this time. In my questioning SK on this, I suggested suspending the TA until a time much close to returning to trading. As of last night that time got pushed out 12-24 months. That's significant debt to be incurred. Steve said two things in response to me on this subject, over time. Initially he said the shareholders continue to utilize the TA for changes to their cert--be it new addresses, or allocations--whatever. He stated that he has 500 pages or more of these changes. He didn't state over what time frame, but 500 pages is a ream of paper. At a conservative 10-transactions per page--that's a lot of changes. In a more recent webinar Steve commented that he had trepidation suspending the TA activity (although expressing he would like to) because we owe them so much money he was afraid they might sue for the balance due. Plus, he mentioned that the TA is making money on the activity from shareholders. I struggle with the logic of incurring more debt because you're afraid your creditor might demand payment for what you're in the arrears for already. Let's just dig a deeper hole. Maybe its just me. Last evening he addressed the TA subject again and stated that he spoke with the GM who conferred with the owner about the status of the company in comparison to the activity and such. He said the owner understands the state of our company, she is fine with continuing the services provided and believes we will pull back up and be a viable client. Apparently 12-24 months isn't a deterrent. pr From a business standpoint, I agree with Steve. Debt is a long-term survivability tactic in business and a basic axiom of enterprise risk management. I have no issue with continuing with the TA. Mike
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Post by marbearcat on May 23, 2013 9:56:06 GMT -5
Has anyone tried to get AH's Writ documentation from the Supreme Court? Or do we just assume its essentially the same documentation from the lower court? Case 12-1138. Go for it! THINK ABOUT IT. HOW DOES HARV GET THE SCOOP ON ALL THIS INTEL AND YOU DON'T?
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Post by bjenkins on May 25, 2013 13:41:18 GMT -5
Yes I is but not you
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Post by Deleted on May 25, 2013 19:12:11 GMT -5
Yes I is but not you
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