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Post by truebrit on Aug 20, 2015 0:53:43 GMT -5
Skoondog
Please help me, where did I go so far wrong? Is what I stated all untrue? Is Mr. SK asking CMKX shareholders, who have lost money, to invest more? or am I missing the point entirely?
Please do not think that I am being flippant, I am truly asking for a serious explanation as to why Mr. SK is touting for business on these boards that is not exclusive to CMKX business.
Yours
Truebrit
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Post by axis on Aug 20, 2015 3:44:17 GMT -5
sk go away at least hodges not asked for money
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Post by John Winston Lennon O'Boogie on Aug 20, 2015 5:58:27 GMT -5
I'll say it again. Very disappointed in Steve. Worthless shares now.. When it was all about the shareholders.. When will he take our shares off Transfer on line..? Or maybe he did already.. Very Disappointing.. In deed..
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Post by imSINGLEruRICH on Aug 20, 2015 6:53:59 GMT -5
John, I know how you feel. Not only with or about SK but many through the years ( who we placed trust in) who have yielded nothing but disappointment in one way or another. Weeding out Some insiders, CEO's, BOD's and legal teams etc. are a given but the biggest disappointment to me was having to weed out other shareholders, board members, "friends", whoever....... that I perceived as peers. At this point in time, I trust very few.
As for SK.. Really not liking his attitude towards some questions asked, not liking the threats he throws out carelessly, not liking his anger towards shareholders opinions that differ from his own....... I did not appreciate his suggesting attitude (of an agenda) when I pressured him (in email) about a "contract" signed when he appeared on the scene, as the new CEO. It took way too many times asking before he finally admitted that he was given a blank contract and told to fill it in as he wished. My reason for asking & pressuring for an answer was to determine just how much Frizzell and Louden had the "best interest of the shareholders" at heart?? NOT AT ALL to hand out a blank contract !! His "kissy", "huggie" "buddy buddy" relationship with Frizzell has left a foul taste in my mouth. As I have voiced many many times before my opinions and lack of trust regarding the "Tyler Crew" and their "pumpers", for it to carry over to him should come as no surprise, as he joined the "gang".
And.... As for coughing up more money?? No thanks. I made the choice to invest in CMKX some 11 years ago ( It has been an informative ride) ..... BUT .... When CMKX is done, so is my concerns or interest in the stock market, or NHHI. No interest in "starting" over again.
Just my 2 cents..... ROE
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Post by John Winston Lennon O'Boogie on Aug 20, 2015 7:19:51 GMT -5
John, I know how you feel. Not only with or about SK but many through the years ( who we placed trust in) who have yielded nothing but disappointment in one way or another. Weeding out Some insiders, CEO's, BOD's and legal teams etc. are a given but the biggest disappointment to me was having to weed out other shareholders, board members, "friends", whoever....... that I perceived as peers. At this point in time, I trust very few. As for SK.. Really not liking his attitude towards some questions asked, not liking the threats he throws out carelessly, not liking his anger towards shareholders opinions that differ from his own....... I did not appreciate his suggesting attitude (of an agenda) when I pressured him (in email) about a "contract" signed when he appeared on the scene, as the new CEO. It took way too many times asking before he finally admitted that he was given a blank contract and told to fill it in as he wished. My reason for asking & pressuring for an answer was to determine just how much Frizzell and Louden had the "best interest of the shareholders" at heart?? NOT AT ALL to hand out a blank contract !! His "kissy", "huggie" "buddy buddy" relationship with Frizzell has left a foul taste in my mouth. As I have voiced many many times before my opinions and lack of trust regarding the "Tyler Crew" and their "pumpers", for it to carry over to him should come as no surprise, as he joined the "gang". And.... As for coughing up more money?? No thanks. I made the choice to invest in CMKX some 11 years ago ( It has been an informative ride) ..... BUT .... When CMKX is done, so is my concerns or interest in the stock market, or NHHI. No interest in "starting" over again. Just my 2 cents..... ROE Yes, Steve has to understand that our road was a lot longer then his. We seen more then he. As far as Bill goes, I really didn't want to see him as one who was leading us into a dark place. With what I see now I'm sorry to think that this is where this road leads. Why not wait for the appeal to be over turned..? We as shareholders have waited this long. Steve is making it sound as if the Oil well business is going to cost more in days to come. I've been in enough Oil Well stocks (Penny not Dollar) to know better then to invest my hard earned money into another one, and I would bet if you do a little DD into the ones he is buying or looking at, they also were in the penny stock business one time or another. JMHO I'm in tile.
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Post by portrush on Aug 20, 2015 10:17:23 GMT -5
I'll say it again. Very disappointed in Steve. Worthless shares now.. When it was all about the shareholders.. When will he take our shares off Transfer on line..? Or maybe he did already.. Very Disappointing.. In deed.. Transfer Online's services are free to CMKM/NHHI, remember? Because of "so much business" they derive from shareholders changing their certs for multiple reasons. I wouldn't think one would get rid of a free transfer agency, would you? Besides...it seems implausible that any restitution earned through the courts could be paid to a non-entity. The company must remain intact. pr
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Post by John Winston Lennon O'Boogie on Aug 20, 2015 10:40:29 GMT -5
I'll say it again. Very disappointed in Steve. Worthless shares now.. When it was all about the shareholders.. When will he take our shares off Transfer on line..? Or maybe he did already.. Very Disappointing.. In deed.. Transfer Online's services are free to CMKM/NHHI, remember? Because of "so much business" they derive from shareholders changing their certs for multiple reasons. I wouldn't think one would get rid of a free transfer agency, would you? Besides...it seems implausible that any restitution earned through the courts could be paid to a non-entity. The company must remain intact. pr Sounds good.. But as we see now, many things in CMKX land change.. The rules never stay the same.. IMO
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Post by portrush on Aug 20, 2015 11:05:46 GMT -5
Forgive me Portrush, John Winston and all other CMKM shareholders and sufferers like myself, who have gone through nearly 12 years of painstaking misery. I just can't grasp this idea what this Mr. SK is all about!! First, he approaches the shareholders with this wonderful profit making idea of us all to become AMWAY salespeople (or something like that). Then, when that doesn't work he tells us that " The recent appeal of our successful defense of a large judgment obtained by CMKM has held up the anticipated recovery of the cash needed to take CMKM/NHHI into an oil business of significant size." Well I for one did was not aware how much this "LARGE JUDGEMENT" was! I didn't even know that it had been decided, that this "LARGE JUDGEMENT" was going to be used in purchasing an oil producing venture! I was very concerned about the ethics of approaching the shareholders about joining Mr. SK in an AMWAY venture. And, also using the boards to procure salespeople for this project (not too sure about that), because it was under the guise of "helping CMKX". I am really concerned about Mr. SK about raising $50,000 from "whomever" shareholders or not, so why would he be using the boards and the CMKM banner to lure people into this idea, that he has about an oil venture? If it is not just for the shareholders benefit? The other question that comes to mind, is what does he envision how this "LARGE JUDGEMENT" is going to be used, if and when it is ever awarded? will it be used in another venture that Mr. SK decides to invest in without consultation to the shareholders? Just some queries that come to mind? This to me does not sound like the kind of person that uses good business practices and ethics. AIMO,FWIW etc. Truebrit Truebrit Happy Thursday to you Truebrit--hope you're well. I think you've over-stated the notion that he wanted shareholders to become Amway salespeople. Haha! Amway was set up so that anyone can purchase through it, not actually sell it. The intention was to apply commissions to offset company expenses. Amway was replaced with Amazon and he is working on including Newsmax for additional revenue. For many Amway was a shock and insulting... I saw it as a signal flare. It's all in your perspective. The judgment I believe you're referring to is $2.7 million from the Durr case. It was awarded but the defendant appealed. I'm told that the defendant is required to post a bond equivalent to the amount of the judgment in order to appeal. Should the defendant lose the appeal, the company's ability to actually collect the $2.7M is basically a sure thing due to the bond in place. So the appeal caused more wait time--which isn't good--but the bond would mean assurance of collection--which is good. So I've been told...treat it as opinion in order to manage your expectations. When SK spoke of the $2.7M judgment he addressed the fact that it would be used to further the objectives of the company. Keep in mind that amount will be whittled down, probably substantially, by first paying debts and attorney fees, then back salary for SK and reimbursements, IMO anyway. Only the balance would be applied to moving the company into its new direction. That direction at this point is truly the sole decision/discretion of SK. CMKM/NHHI is a private entity (with stockholders) and only has one employee...who holds all of the decision making seats; CEO, president. SK has been very vocal about the new direction for what is now called, NHHI. The last several webinars have been about his research and intentions to take the company into oil and gas. This ought not be surprising to any shareholder that at least checks the boards once a month since there is generally a lot of chatter about webinar time. Personally I don't attend all the webinars because they're often repetitive, but I'm a board junkie with a bad viewing addiction. LOL! That said, if there really is 50,000 shareholders out there...most certainly 90% of the shareholder base, if not more, have no clue about the company's intentions or the various litigation going on. One could fault the company for this--one can fault the shareholder just as easily for not paying attention to their investments. To that point, more interesting to me is the criminal trial given the RICO charges that are part of it. Steve called me yesterday to make certain we're on friendly terms and of equal understanding. He mentioned that he's had a significant response towards his initial goal regarding raising ancillary capital from the shareholder base to move forward in the quest to purchase an inactive drill site and venture into the oil business. I trust that more information regarding the company's plan will be forthcoming now that he's seen some interest. I hope people have done the math and understand the limits applicable to the average RegD 504. There are ways to adapt a 504, but they must meet various State restrictions. That was one of my questions during the webinar that he didn't get to--but I assume he will address in future webcasts. He did mention to me yesterday he re-read the requirements and was reminded of those. I have not seen a business plan for this new direction. To my knowledge no one has--nor has anyone ever seen a resume that could speak to his past successes and business practices. But as far as ethics, as it pertains to the desire to venture into oil and gas and all that comes with it...he's been very open about it--at least to the extent that he can, since he hasn't actually done anything with it except personal research and publicly vision-cast. I suspect now that some shareholders have expressed interest, he will be able to pursue this beyond his research and put some true action to moving forward with it. Like it or not, as a shareholder in CMKX you're now a stockholder in NHHI. He is your CEO, president and the company appears to be moving into the oil and gas business. Should the venture be successful then it is possible the company could return to trading and we could recoup by selling shares. Should the company become wildly successful, perhaps there will be dividends in the future. It's all a ground-zero-ground-up plan that's new for these shareholders who invested in something else. He has mentioned he may not be around at the time it could possibly go public...so I imagine the focus ought to be on making certain a balanced, experienced Board is seated (sooner than later) and pray its drilling doesn't bring up more dust than it does oil. pr
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Post by John Winston Lennon O'Boogie on Aug 20, 2015 11:33:00 GMT -5
Just Funny how they can try to make 50 grand from the shareholders for this and they never ever asked us to help fund the NSSing, only the Cert pull. I think it was 25 dollars.
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Post by truebrit on Aug 20, 2015 13:29:56 GMT -5
Good Morning Portrush.
Thank you for enlightening as to the situation re: Amway/Amazon etc. Thank you also for letting me know about the $2.7 million award from the Durr case, in fact thank for such a well informed explanation as to what has been going on.
The fact that that I do check in on the board at at least once, maybe twice a week, just to see what is going on (though I seldom post a lot), I didn't think I had missed that much!
As for venturing into the oil/gas industries, yes I agree that Mr. SK is the CEO/President, but with the possibiity of $2.7 million coming into play some (and as you say Mr. SK possibly moving on) I think it would be prudent at these time that a board be formed to look after the shareholders best interest, rather than just one individual.
Anyway, I have my tuppence worth as they say, back to lurking.
Truebrit
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Post by vulcanized crawler on Aug 20, 2015 14:03:03 GMT -5
sure i want more shares so i can have an even billion
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Post by 2018 on Aug 21, 2015 6:32:53 GMT -5
So to say here... If there is a ROI, is he saying that the Shareholders who invested in the oil wells will get paid first..? What happens to the CMKX shareholders of old..? Do they ever see any money out of the Oil Well deals..? Let's say the ones who do not have the money to invest, do they sit and watch the ones who did invest get the check every month..? Thanks for your previous note John, I appreciate the kindness. I don't know that I'm on top of my game per se...I just did a little more research than others, perhaps. Actually I simply typed "problems with regulation D private placements" into Google search and found an SEC website with red-flag questions for investors being offered such an opportunity. Those questions I asked were derived from that site and not intended to try to look cool or make someone look to be a fool. I most certainly didn't expect them to be met in the manner they were. I thought they provided a simple way to establish an understanding of what can be expected as a new investment into a new venture being proposed from the old company, if you will. Unfortunately they weren't perceived as such. From my understanding of his comments (and I could be wrong) this is a new investment into NHHI. Should it purchase oil wells that return a profit, the proceeds would be split between the company, the oil field operator and the new investors. Nothing from this would go towards established CMKM cert holders. I assume, and again may be wrong, that if and when the company's oil venture became large enough and viable enough to go back to market, the CMKX shareholders could possibly sell their shares at that time. Of course, there is always the opportunity for a company to either re-invest its profits into the company or to issue a dividend. Keep in mind this is a private company and if a RegD is offered in any variety (504, 505, 506) it appears it remains a private company. That's what I glean from the SEC website. Nothing SK said addressed these issues. His comments to me over the phone indicated he wasn't looking to do anything more than to explore the interest of the shareholders on the call. Of the near 50 in attendance, about half raised their electronic hand to say they were interested in one of the two options; equity or debtor. About two thirds of those were in the equity camp. This would have been the webinar to have a powerpoint for--but there was none. My notes are admittedly incomplete as it was too much to capture at the rate it was spoken and the broken delivery with having to re-hash things during the Q&A time. Hopefully more info will come so people can make INFORMED decisions and not another emotional one. Oil may sound sexy, but I'm inclined to think what is being discussed, if not mildly proposed, is a long term venture. And something he has already stated publicly ...may not return to trading during his tenure there. pr Well this whole company has been funded so far on the basis of lawsuits which are cmkx based and cmkx shareholders based. They would not be getting all this money from lawsuits if cmkx shareholders did not invest, and they also paid themselves stock and salaries based on that cmkx shareholders investment. All that considered, they can not run expenses on the back of cmkx as the company and shareholders that invested, and then simply have new investors only take profit. So in that regard I disagree w you port. Don't know how sk discribed it, but I know that all the money from the lawsuits comes to cmkx company as the basis that all the present cmjx shareholders have invested and had been damaged. You can not just draw all the cost / expenses on behalf of present cmjx shareholders and cmjx as company re $$ from lawsuits, and then set up something separate just to draw the profit out. Nope.
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Post by 2018 on Aug 21, 2015 6:38:25 GMT -5
How they plan to set it up I don't know. Or what guarantees they have for the potential new investors. Certainly present cmkx shareholders need to be well informed about it.
I think shareholders need to know all the details. All the money ghat went through cmkx for salaries, keeping ghe company alive, well sure there are expenses expected to be paid in the future when money comes in, all that is on the investment of present cmkx shareholders.
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Post by imSINGLEruRICH on Aug 23, 2015 6:45:19 GMT -5
Aug 21, 2015 at 12:09pm dyemenz said: Steve was told from the government, even if something like that happened, a trust, it would go to the company. It was stated in a power point for a webinar.
portrush Administrator Aug 21, 2015 at 12:34pm seagull, roberto and 4 more like this.
But of course. And he just got done saying, repeating emphatically in this most recent webinar..."its YOUR company"...implying the company IS the shareholders. The honest, verifiable ones. That said...and slightly off topic...if there is nothing to any of this, I am still baffled that Frizzell would accept a reported 6 billion shares in lieu of a contracted payment plan (with interest) for the amount owed for his services. After all, there is the $2.7M Durr case and the unstated amount from the WF case and so on. Surely he was unaware those would become reality--but at the same time the chances had to seem more likely than what 6 billion shares in a dead-end company might deliver. Unless....
pr
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Post by truebrit on Aug 23, 2015 11:01:07 GMT -5
Would this be a good time to get involved in an oil venture when Iran is just about to rejoin the world market? Bearing in mind the price is around $40 per barrel, and Iran has the capability of exporting 1.5 billions per day!!
I don't think that would help the price would it?
IMO
Truebrit
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