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Post by imSINGLEruRICH on Aug 29, 2015 6:55:50 GMT -5
Alrich posted this excrpt from an old "Greetings CMKX Owners Group members" update. It brought back memories of strange happenings here ,on PB29, after Bhollenegg posted his known post "The Stand" in August 2009. . Appx the 7th post down is where it all started !!Was fascinating to watch. THE STAND...... BHcmkxunofficial.proboards.com/thread/5220/cmkx-shareholders-stand alrich DIAMOND JEDI MASTERwww.cmkmtaskforce.com We have recently begun an internal inquiry into some recent activity on this web site. During a period covering about 10 working days and ending on March 15, 2006, the site received over 62,000 hits from IP addresses at sandia.gov. We found over 82 different government web sites that took opportunities to view the efforts of the task force between March 1, 2006 and March 15, 2006. We recognize that there are many CMKX shareholders that may view the task force cite from work but the large number mentioned in particularly at the sandia site is of interest to us. If there are any shareholders who may have information regarding this agency and its connection with CMKX, please drop me a line........................................FRIZZELL LAW FIRM 602 S. Broadway Tyler, Texas 75701 (903)595-1921
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Post by thunkerdrone on Aug 29, 2015 8:29:07 GMT -5
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Post by thunkerdrone on Aug 29, 2015 8:50:55 GMT -5
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Post by 2018 on Aug 30, 2015 1:19:00 GMT -5
Alrich posted this excrpt from an old "Greetings CMKX Owners Group members" update. It brought back memories of strange happenings here ,on PB29, after Bhollenegg posted his known post "The Stand" in August 2009. . Appx the 7th post down is where it all started !!Was fascinating to watch. THE STAND...... BHcmkxunofficial.proboards.com/thread/5220/cmkx-shareholders-stand alrich DIAMOND JEDI MASTERwww.cmkmtaskforce.com We have recently begun an internal inquiry into some recent activity on this web site. During a period covering about 10 working days and ending on March 15, 2006, the site received over 62,000 hits from IP addresses at sandia.gov. We found over 82 different government web sites that took opportunities to view the efforts of the task force between March 1, 2006 and March 15, 2006. We recognize that there are many CMKX shareholders that may view the task force cite from work but the large number mentioned in particularly at the sandia site is of interest to us. If there are any shareholders who may have information regarding this agency and its connection with CMKX, please drop me a line........................................FRIZZELL LAW FIRM 602 S. Broadway Tyler, Texas 75701 (903)595-1921 Yup remember this talk about sandia. This was the time when at least on the surface we were on the same side pulling certs and interested in our cert pull. Later on same people from Tyler gang started calling shareholders crazy who wanted to know about results of our cert pull . It all became no fly zone, don't ask, nothing to talk about, leading up to today. Thanks for bringing it up.
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Post by 2018 on Aug 30, 2015 1:20:24 GMT -5
I could not find a date when our task force cert counter was taken off.
Wonder if anybody has that.
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Post by imSINGLEruRICH on Sept 1, 2015 6:51:17 GMT -5
Another blast from the past........ Wonder if ANY, of these cards, were ever distributed??
CMKXTREME Inc. Offers Customized VISA Pre-Paid Stored Value Card to Their Race Fan Affinity Group and CMKX Diamonds Inc. Shareholders
August 11, 2004 01:37 PM Eastern Daylight Time
LAS VEGAS--(BUSINESS WIRE)--Aug. 11, 2004--CMKX DIAMONDS Inc. (Pink Sheets: CMKX) announced today that it has signed an agreement with CMKXTREME Inc. to offer a VISA Pre-Paid Stored Value card to the CMKX shareholders and race fan affinity group.
Urban Casavant, CEO of CMKX, stated: "CMKX is offering this innovative product to their shareholders to once again provide value to their shareholders in new and useful ways. It is rare to be able to provide shareholders and affiliates with a unique benefit whose usefulness can be measured in many ways. We are thrilled to be able to provide this service and product through CMKXTREME to our shareholders, affiliates and race fans alike."
As a VISA product, the card can be used at more than 1 million ATM or merchants locations worldwide that display the VISA or Plus logos.
The VISA Pre-Paid Stored Value card is neither a credit card nor a debit card and does not require a banking account to be opened when applying. The card is signature based for point-of-sale transactions and PIN based for ATM transactions. The card also carries a zero-liability guarantee that states the cardholder will not be liable for unauthorized use of the card provided notification is given within a reasonable time of the loss or theft of the card. The accounts also have a user ID and password for online access to protect the security of the account. Online access provides cardholders with the ability to view their balance, transactions, and to transfer funds to other CMKXTREME cardholders. Cardholders can also access the same features from a toll-free telephone system. Customer service is provided free 24/7 from the United States.
Cardholders can securely add additional funds to their card through a free Web site or through a toll-free telephone system from an existing checking account or credit card. Additional options include payroll deposit, wire, ACH and cash deposits at participating locations.
Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by words such as "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Such statements and all phases of ISAT's operations are subject to known and unknown risks, uncertainties and other factors, including overall economic conditions and any unforeseen change in the markets. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. CMKX's actual results, levels of activity, performance or achievements may be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. The company undertakes no obligation to update the forward-looking statements in this press release.
Contacts CMKM Diamonds Inc. Diamonds Hotline Melvin O'Neil, 306-752-3755 Toll-free in U.S./Canada: 877-752-3755 Fax: 306-752-3754
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Post by imSINGLEruRICH on Sept 10, 2015 8:21:02 GMT -5
An old post from 2008... posted by Al Hodges. cmkxunofficial.proboards.com/thread/2247alch11 Diamond Hunter Member since: April 2007 Jun 12, 2008 at 3:02pm Post by alch11 on Jun 12, 2008 at 3:02pmJune 10, 2008 It is with morbid curiosity and fear that we watch the tragedy and victimization of others. Perhaps we believe that with exposure, we'll better understand the event and handle it better ourselves or perhaps the exposure will reduce the fear factor by just enough that we can sleep at night. Unable to look directly at the mangled mess but at the same time, unable to look away, our thinking and perhaps the way we live our lives is constantly changed as we witness our fellow citizens involved in everything from vehicle mishaps to financial catastrophes. Our great nation has been said to be plagued with the belief that "it won't happen to me." Though we know better and although this may help us to keep on going, this is a punishing mindset. Of course we didn't get like this by accident. It's called learned behavior. In the financial world, and the trust we hold in it, the backing is based upon agency upon government agency, rows of lawyers and more law enforcement and private companies that one could imagine . A few of the big hitters include the SEC, FBI, DTCC, FRB and DOJ. Because of these folks and many others, the American population buys, holds, and trades, without fear. Whether you daytrade or have your retirement plans wrapped up in the markets, the trust that has been built can not afford stress cracks as our Nation is entirely dependent on this system being legitimate and enforced by the powers to be. Today however, in a series of unfortunate events, there are glaring cracks and it is time to loudly declare that the King has lost his clothes. Whether an investor buys a company stock or a new tv, irreverent of anything else, he or she must know that they have purchased the real thing. In the highly regulated markets, it's an absolute given! It's assumed and trusted and there should never be any doubt, ever.....right? Well, apparently, you aren't an unshareholder. That's right. Un-share-holder. Add this one to your dictionary because it's a whopper. You bought stock that didn't exist and now everyone is too busy finger pointing to help you out. No refunds, no guaranty, nothing. You are a shareholder because you bought a companies stock, but your broker never actually had the shares in the first place, so oh my, what a pickle you are in. Read this press release made by a company out of Tyler Texas, CMKM Diamonds Inc., under new management and battling life and limb to recover from what the old management left them and over 40,000 shareholders and unshareholders with. To learn more about the cracks in the United States finanial system that some would lead you to believe, aren't really there...the king is fine...and the band plays on....check this out... www.tradingmarkets.com/.site/news/Stock%20News/1670552/ Now here you are, a few hundred yards past the accident scene.....did it wake you up? Have you checked your seatbelt, just to make sure its fastened correctly? Could it happen to you? Might be a good time to see if you are an unshareholder. You may just be surprised at what you learn. Check it out.... www.unshareholder.com/ Lord willing, it hasn't happened to you. Yet. Cracks don't grow smaller. Without solid and guaranteed repair, eventually, the whole wall comes crashing down. It's time that the big federal boys, start doing their job and re-inject the trust that has been the backbone of success for the American and world markets before its too late. Time will tell whether or not they are up to the task and how bad the American investor will pay for their apathy. Marketcoup.com Marketcoup@yahoo.com www.i-newswire.com/goprint177313.html
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Post by imSINGLEruRICH on Sept 28, 2015 8:16:20 GMT -5
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alrich DIAMOND JEDI MASTER Sep 26, 2015 at 2:50pm carlos, IceCrush and 1 more like this. Post by alrich on Sep 26, 2015 at 2:50pm
Did Dr. Mark Hutchinson Consulting Geologist LIE ?
I don't believe he would, why haven't the Courts and SEC swore him in; you know why: VALUATION !!!!!
Casavant Mining Kimberlite International Announces Initial Report on Exploration Project at Fort a la Corne April 21, 2003 11:22 AM Eastern Daylight Time LAS VEGAS--(BUSINESS WIRE)--April 21, 2003--Casavant Mining Kimberlite International, Las Vegas (OTCBB:CMKM), management is pleased to announce that an exploration program aimed at identifying kimberlite targets on CMKM's mineral claims at Fort a la Corne, Saskatchewan has now been established. Dr. Mark Hutchison, Casavant Mining's senior project geologist, recently spent two weeks in the field delineating targets and liaising with ground crews and local facility providers. Management can report that suitable ground crews have now been retained by the company and are currently operational.
At this stage, priority has been given to a core block of approximately 192,315 acres of approximately 609,361 acres of CMKM's mineral claims which lie most contiguously with known diamondiferous kimberlites owned by other operators in the Fort a la Corne region. Although this is only a small percentage of this core block, within this land some 30 targets have been identified by Hutchison from regional aeromagnetic data provided by the Canadian Geological Survey and from low-level, high-resolution data collected by private enterprise using certain criteria known for locating kimberlite bodies. Amongst these targets, five locations have been identified as being of highest priority and will receive first attention initially from ground magnetic survey crews. This is the beginning of a series of reports expected by management from the initial review of data currently available and there is still further review necessary of new airborne aeromagnetic survey as it becomes available for locating targets in this entire core block of approximately 192,315 acres.
It is anticipated that given positive findings from detailed ground magnetic and gravimetric surveying, drilling will be implemented shortly thereafter. Steps have already been taken to retain the services of drilling service providers and Hutchison took time to review the services available from mineral separation contractors who would process drill core for diamonds and related minerals. It is anticipated that to minimize transportation costs, a local contractor will be used for this process, with final geochemical analysis being undertaken in one of a number of internationally recognized laboratories under Hutchison's supervision.
Project scientists are currently active in delineating targets on all of CMKM's claims and management also plans to continue to expand targets by use of airborne electromagnetic surveying under the supervision of project geophysicist Dr. Jovan Silic. Management is satisfied that technical expertise essential for a successful exploration project has now been established and is confident that exploration goals are achievable in a suitable timeframe.
There is no guarantee, however, that the possible targets are in fact kimberlites, or if identified as kimberlites will contain any diamonds.
Mark Hutchison, Ph.D., graduated from the University of Edinburgh with a Bachelor of Science honors in geology in 1993. For the past 10 years Hutchison has been working on diamond research and has in-depth knowledge of diamonds from a number of worldwide localities, having completed his Ph.D. on the subject in 1997. Doctorate in mantle geochemistry and diamond geology from the University of Edinburgh in 1998. Credited and widely published for the discovery of two new minerals in scientific literature. Worked as a research associate for two years (1998-2000) at the University of Arizona's lunar and planetary laboratory with support from the U.S. National Science Foundation and NASA.
Hutchison has been an invited lecturer on deep mantle diamonds at several institutions, has served as a chair for the American Geophysical Union and holds a position of honorary associate of the University of Sydney. Through his research he has developed models for prospecting for diamonds in non-classical settings particularly useful to Brazil, Australia and Canada. Hutchison has worked closely with Casavant Mining as a consultant since inception and is a candidate for the board.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined by Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and section 21E of the Securities Act of 1934 as amended (the "Exchange Act"). All statements that are included in the press release other than statements of historical fact are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
Contacts Casavant Mining Kimberlite International, Las Vegas Investor Relations James Kenny or Ginger Gutierrez, 702/946-6746
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Post by imSINGLEruRICH on Sept 28, 2015 8:30:15 GMT -5
Regarding the above post......
IceCrush Mod Squad Post by IceCrush on 10 hours ago
I can't see Hutchinson even considering associating his name with the company if he thought it was a scam or had no mineral value.
And because he worked on the geological work, he knew what was there. His whole life would be ruined, his whole education would be ruined if he lied, or was on as a board director with a company that was a scam. jmho
thecatny DIAMOND JEDI MASTER Post by thecatny on 42 minutes ago
Another mystery in cmkx, you can file this with the hundred others......
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Post by imSINGLEruRICH on Sept 29, 2015 9:21:08 GMT -5
IceCrush Mod Squad Post by IceCrush on Sep 26, 2015 at 1:09pmCouldn't bring up the audio tape, although they state it's archived.......sort of a blast from the past ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Tom Allinder - Guest Host Interviews Dr. Mark Hutchison, Consulting Geologist for Casavant Mining Kimberlite International (bb: CMKM) Shares O/S: 352,223,510 Avg. Daily Volume: 36,047,885 52-week Range: $.002 to $.054 Casavant Mining-Kimberlite International Toll free in U.S./Canada: 877-752-3755 Melvin O'Neil, Phone: 306-752-3755 Fax: 306-752-3754 Email: ipr@sasktel.net Website: Casavantmining.com www.tradersnation.com/cmkm.shtml
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Post by imSINGLEruRICH on Sept 30, 2015 11:47:25 GMT -5
Can you imagine how EVERYONE involved in this was duped? Everyone... Not just the racing circuit... BUT companies, JV's, CEO's , lawyers, doctors, indian chiefs, govt.agencies, auto service repair underwriters, housewives etc. ALL walks of life duped ?? NHRA Story Jim Dunn Racing/CMKX relationship remains solidWednesday, July 20, 2005Source by Phil Burgess, NHRA.comJim Dunn Urban Casavant’s support of the Jim Dunn Racing Funny Car team through his CMKX/Casavant Mining sponsorship will continue throughout at least the balance of the 2005 NHRA POWERade Drag Racing Series and, according to team business manager Jon Dunn, is not affected by Casavant’s recent decision to no longer support Jeff Arend’s Paul Smith-led Funny Car team. “I respect Paul and Jeff and don’t feel that it’s appropriate to comment on their situation,” said Dunn. “What I do want to make clear is that the business decision to no longer sponsor that car has nothing to do with the relationship of Jim Dunn Racing and Urban Casavant. It was never in jeopardy. Urban loves what we do for him and we love what he does for us. As you can read in our pre-race report for the Seattle event, there are some nice quotes in there from Urban Casavant and my dad about the strength of the partnership. Urban was very insistent that we put those quotes into that release so there would be no question about his dedication to our team.” In fact, the Tony Bartone-driven Jim Dunn Racing/Got CMKX?/Lucas Oil Funny Car will celebrate its one-year anniversary with CMKX at the upcoming CARQUEST Auto Parts NHRA Nationals and Dunn notes that Casavant has expressed interest in continuing the relationship beyond this season “The development of Jim Dunn Racing starting in the 2005 season has been obvious with the new colors, the new Monte Carlo bodies, the hospitality centers we have at every race, and our continuingly improved performance. “It’s important for us to get this message out not only for all of our associate sponsors, but for our fans and the guests attending the races to see us in our hospitality center. Our relationship with Urban and CMKX is rock-solid.”
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Post by imSINGLEruRICH on Oct 7, 2015 7:01:59 GMT -5
Aug 7, 2011 at 12:18am Post by imSINGLEruRICH on Aug 7, 2011 at 12:18am
Excerpt from an OLD Frizzell Update...
So where's this story that NEEDS to be told?? Whatever it may be??
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Post by imSINGLEruRICH on Oct 16, 2015 15:35:23 GMT -5
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Post by imSINGLEruRICH on Oct 18, 2015 20:56:47 GMT -5
More blasts from the past......By: jay_adobe By: moonbatone 14 Sep 2007, 07:14 AM EDT Msg. 602792 of 602794 (This msg. is a reply to 602775 by jay_adobe.) Jump to msg. # No details on that bankruptcy, jay? - - - - - By: jay_adobe 14 Sep 2007, 07:17 AM EDT Msg. 602794 of 602794 (This msg. is a reply to 602792 by moonbatone.) Jump to msg. # moon, It's not in the script to go bankrupt. If it were, it would have happened long ago. Just be patient. By: gr8hiker 14 Sep 2007, 08:12 AM EDT Msg. 602812 of 602877 (This msg. is a reply to 602794 by jay_adobe.) Jump to msg. # JAY_ABOBE: When Lucas decides to bring us into the fold , I believe the bus will empty,the terminal will be gourged with happy people , and life as we know should change dramatically. AYE or NAY? - - - - - By: jay_adobe 14 Sep 2007, 09:11 AM EDT Msg. 602855 of 602877 (This msg. is a reply to 602812 by gr8hiker.) Jump to msg. # Within the parameters of that scenario, I would have to say 'aye' and 'absolutely'. - - - - - By: winningways6 14 Sep 2007, 08:52 AM EDT Msg. 602834 of 602878 (This msg. is a reply to 602794 by jay_adobe.) Jump to msg. # JAY: When this is all over and done, will we ever get to know the whole story, or will it always remain under wraps? Thanks, and I hope you have a GREAT weekend! --------- By: jay_adobe 14 Sep 2007, 09:19 AM EDT Msg. 602868 of 602877 (This msg. is a reply to 602834 by winningways6.) Jump to msg. # winning, I suspect that portions of this operation will remain sealed from public view for about 50 years, which is the normal span of time for sensitive information to remain under wraps. imo, of course - - - - - By: _nathanial 14 Sep 2007, 09:06 AM EDT Msg. 602852 of 602879 (This msg. is a reply to 602843 by jay_adobe.) Jump to msg. # Jay....couldn't sleep?? - - - - - By: jay_adobe 14 Sep 2007, 09:23 AM EDT Msg. 602873 of 602878 (This msg. is a reply to 602852 by _nathanial.) Jump to msg. # nathanial, Early morning hunt. By: jay_adobe 14 Sep 2007, 09:35 AM EDT Msg. 602894 of 602897 Jump to msg. # Did you know that it is 68 degrees in Lundin today with an expected low of 54 tonight; interestingly, the same temperature as it is in Oklahoma City, OK right now (68 degrees). Coincidence? Probably not. Enjoy your day.
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Post by imSINGLEruRICH on Oct 21, 2015 6:48:07 GMT -5
An Oldie.....Some really very interesting theories/ thoughts back then...... unfortunately, the bottom line has not come to fruition.
mchlgarrison Diamond Hunter Jul 27, 2008 at 7:26pm Post by mchlgarrison on Jul 27, 2008 at 7:26pm
;D----- Original Message ----- From: harvard University To: mchlgarrison@msn.com Sent: Thursday, May 11, 2006 11:04 AM
This is an old e-mail that I found when I was going thru my saved mail and thought I would share it with you all
Michael, Here's a response to your query. I hope you have certified your certs and faxed them in. I truly believe that we WILL be paid handsomely. By the way, are you on anyboard on the internet? How did you come across CMKX in the first place? I've been here for almost 3 years now. You really need to take all that has transpired in the lst 3 years as if it were a book and see where we as shareholders are going . Wealth IMO.
Writen by John a Shareholder and Phxgold
Listen to Mr Oshins very carefully, You set up a trust by selling your shares to the trust you get in return for your shares a promissary note. The trust then owns the shares but the trustee controlls the shares in the trust.
follow me here. on the master shareholders list we see alot of shares issued and surrendered by insiders the very same day. That cant happen by selling them on the market, But it can happen by selling them to a trust.
Insiders issued shares then they surrender them to a trust in exchange for a promissary note. (uncertificated share)
The trust is managed by cmkm diamonds (cmkm durango trails) which is majority owned by us (the retail shareholders) but the vote is by proxy (company officer)
under NRS 78.235 "Unless otherwise provided in the articles of incorporation or bylaws, the board of directors may authorize the issuance of uncertificated shares of some or all of the shares of any or all of its classes or series. The issuance of uncertificated shares has no effect on existing certificates for shares until surrendered to the corporation, or on the respective rights and obligations of the stockholders."
The uncertificated shares are the promissary notes. IMO
The cert pull continues until there are no more promissary notes left to cover the certs.
Once this is done then the prommissary notes are turned in to the company making the certificates promissary notes or in other words certificates of ownership in the trust.
The moneys raised by selling the promissary notes to cover the certs is then placed into the trust for dispersion.
Think about it this way.
There is no way OSHINS is here to sell us trusts before the cert pull is over. There is 6 business days until the cert pull is over. That is no where near enough time to establish the trust transfer ownership of the shares to the trust before the deadline and fax them into the task force.
My take on Phxgold's theory, is that the money coming to us has nothing to do with the shares the insiders have in the trust. Those shares are more like the sword of Damocles, stuck in the ceiling above the heads of all the borkers, MMs and hedge hogs.
They're all wondering (now that they know about the trust) WHEN will the sword fall? They can see plain as day, we have 581 billion certified and bona fide shares/shareholders. NOW they discover that UC and the rest of the insiders were not just getting shares and dumping them into the market, they were placing them in a trust where their legitimacy is not in question, and they can be brought out of the trust at any time and provide absolute proof of the naked short position. (the apocalypse)
And these shares were placed in trust specifically to give the appearance of a pump n dump...the "Got CMKX?" campaign and the "hiding" of billions and billions of REAL shares in the trust.
This appearance of the pump n dump brought out all the bad guys, including the bashers like Peedro, who actually helped the cause of setting the sting with his lunacy (actually he was fooled too, into thinking the shares were being dumped in the market.)
Phxgold's logic is perfect though. How can you by shares and immediately surrender them? Except through the Trust idea?
As result, the trap is now sprung...or at least springing, with no way for the bad guys to get out of the way. The shares in trust will come out and be presented for certification as soon as the shareholders (or at least as many as possible) get themselves certified and bona fide. As soon as we have as many shareholders as possible (hopefully all) sitting fat n happy with certs in hand, UC and the rest of the insiders go to the trust and pull out their uncertified, yet totally legitimate shares and demand certificates which cannot exist any more. Absolute proof of the naked short position.
Obviously, by now, everyone within the powers-that-be know the plan, that this was a sting, and they're all trying to figure a way to avoid the possible bad outcomes for themselves...a new home on Tobacco Road, a new home with roomie named Bubba, a new net worth in the negative 7 figures, a new career in anything other than securities...probably all of the above.
I also agree that the only reason Oshins made his appearance was for OUR consumption, to give us another tid bit, to provide intelligent folks like Phxgold, the necessary grist for them to mill out the REAL plam. (and so he did).
When this all became obvious to the bad guys, that's when the negotiations began...probably the day after the SEC agreed to our request to enforce the revocation order.
"We're revoked now, and we have a Task Force set up to "wind up" the affairs of CMKM Diamonds, Inc. Uh, Mr. SEC, Mr. FED, Mr. Cede and Co, and all you dolts in the DTC, what should we do with these 700 billion shares in this Trust?" Half those guys probably had to reach for their nitro bids!
If I recall, Peedro's numbers of shares he was claiming to have been dumped into the market came to around 700 billion. I would be thinking that would be the number in the trust, that are about to make their public appearance, leaving the float at that most popular number, 100 billion shares.
The sword of Damocles is about to fall...and I think that instead of hitting any of the bad guys, enter IBM to catch it. Deals have been struck...money is ready to disburse for ALL of the bona fides as well as the trust shares. The shares that are still markers will also get settled as well, but these shareholders are going to have to act in SOME manner to ensure they can prove they have the shares, hence the request to contact the Task Force if you're having problems securing certificates from your broker.
It'll be unfortunate, but imo, a fact of life that not all shareholders will know about the settlement, won't do anything to recover shares that the broker deemed worthless, that disappeared from accounts, and will end up losing all they invested.
Sad, but it's really their own fault for not following up on the affairs of their own stocks. People miss the bus every day because they didn't keep up with the change in schedule, even though the bus company published the new route and times months ago.
So all this diatribe in support of Phxgold leads to the final question to be answered: When will the largest transfer of wealth in history take place?
For a while, I was believing it could happen at any time, beginning with Friday, the 5th...through sometime after the cert pull deadline of the 15th. There have been many ideas floated to have disbursement coincide with pre-IPO purchases of Casavant International Mining.
But the Task Force made a promise to conduct a complete accounting of shares and shareholders. They met a deadline, made an extension. They conducted a direct mail campaign, that actually alerted a friend of mine, whom I thought had already gotten his certified shares, but had not yet. The TF even has a rather pricey ad in the USA Toady (pun intended). There's really nothing more they can do to shake the trees of CMKX shareholders.
But what they DO have to do, is wait until the deadline is reached before disbursing the settlement and assets of CMKM Diamonds. After all, how do you know what each share is worth until you know how many shares to divide the settlement by?
UNLESS THE AGREE-UPON SETTLEMENT IS PER SHARE, NOT PER DOLLAR AMOUNT AGREED UPON!
If the bad guys made a settlement of $1.5 trillion dollars amongst them, then we'll have to wait until the deadline before disbursement. If the bad guys made a deal to pay a certain pps, then settlement can indeed come at any time.
Logic time...if you were a bad guy in this affair, which would be more cost effective for you? A set dollar amount loss to be divided equally amongst all bona fide (or proved) shares, or a basic blank check, (pps) waiting to see how many share you'd have to cover?
If I was a bad guy, and I knew how many shares were out there, and saw the counter from the TF sitting considerably LOWER than how many naked shorts I knew were out there, I'd settle on the total dollar amount, to be split amongst all of the reported shares.
I believe what we see on the counter is WAY lower than how many actual shares were naked shorted. I also think that we're not going to see anything close to the real number, simply because so many shareholders are oblivious to what's happening with their own company. The bad guys will save money with a bulk dollar settlement rather than a pps settlement.
This means we won't see any money until after the final deadline set by the TF. Then, the TF will know how many shares are to be divided into the settlement money.
Our settlement disbursement is going to depend on how many shareholders get their certified shares faxed, sent, or registered with the TF. The fewer who take care of business, the higher our own personal pps will be.
Sad but true, this will (IMO) be a case of "if you snooze, you lose".
The extended deadline is a week from Monday. I expect we'll begin to see the official PR concerning our situation and potential payout by the end of that week, maybe even see some money.
IF ALL THIS EARLY-MORNING-BEFORE-MY-FIRST-COFFEE- SPEC-O-LATION IS CORRECT.
I'm just so glad to have the material from Phxgold to build on...information which even Jay A. concurs with it seems.
WOW! What a life we are looking forward to!
imo john
Sorry for the length...no coffee like I said.
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