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Post by lionking on Dec 3, 2018 16:07:42 GMT -5
So I got an email from them today saying that I need to pay $25 bucks a year to continue getting services from them (since CMKX has never paid them anything), anyone else get this? If I don't pay, will anyone recognize my shares? Thanks for any insights here!
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Post by vulcanized crawler on Dec 3, 2018 18:02:47 GMT -5
Dear Shareholder,
Transfer Online offers shareholder support, which includes online access, telephone & email support to shareholders. Online access allows the shareholder to view their security holdings and generate holding statements. In addition to these online services, Transfer Online, Inc. continues to maintain company records and shareholder relations for CMKM.
Normally the cost of this service would be paid for by the Issuer, however, CMKM is currently Inactive with Transfer Online and we have not received payment for this service or any other service. Transfer Online, Inc. has been performing this service for free and it is no longer feasible for us to do so.
Therefore, Transfer Online will be terminating these services to shareholders, unless the shareholder chooses to pay the nominal annual fee to continue these services with Transfer Online. The annual cost to the shareholder is $25.00. To continue to receive all of the above services and for us to continue as Transfer Agent and Registrar, please make payment by sending a check to the following address OR you may return the attached payment authorization form. This fee will be due annually, beginning January 1, 2019. If payment is not received, the shareholder account will be suspended effective January 31, 2019.
Transfer Online, Inc. 512 SE Salmon Street Portland, OR 97214
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Post by axis on Dec 3, 2018 19:14:10 GMT -5
Finished the pump now we have to pay ..
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Post by John Winston Lennon O'Boogie on Dec 3, 2018 19:18:14 GMT -5
Steve needs to be notified...
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pappy
Diamond Hunter
Posts: 29
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Post by pappy on Dec 3, 2018 21:14:31 GMT -5
I don't understand... We have our certs so what do we need Transfer on line?
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Post by imSINGLEruRICH on Dec 3, 2018 21:28:25 GMT -5
Steve needs to be notified... Seems Steve Kirkpatrick should rec the email also as he is a shareholder?? Although, there are many who claim to have not yet rec'd their email, including myself.
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Post by imSINGLEruRICH on Dec 3, 2018 21:31:14 GMT -5
portrush Administrator Transfer on Line E- Mail 12/3/18 5 hours ago via mobile Treadstone, RoughCut, and 14 more like this Post by portrush on 5 hours ago
For once could somebody please keep the storyline straight?
Hey Transfer Online...the company told us they negotiated with you to waive your fee and past due AR of $60,000 because you were making so much by processing changes to certs for CMKX shareholders. Now you say you’ve been providing the service for free. Plus now you’ll monitor a stock which is non-trading for the bargain price of $25 a year rather than per month—which smacks of manipulation of the shareholder. Monitor a dead company? Which of these stories is the one we should believe was/is truthful?
I’m sure they’d say “both” and present some timeline...but it’s just another consistent inconsistency for this adventure.
The legal aspect is on the verge of done. The company says it’s on the verge of closing. The TA says it’s on the verge of dismissing the company. Someone once said it will look darkest before the dawn. Is there light on the horizon?
pr
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Post by imSINGLEruRICH on Dec 3, 2018 22:00:44 GMT -5
Some thoughts from shareholders......
scottbro2 I recieved the email from TOL. TOL has done nothing for me since I have my certs and I have not/don't plan on transferring them. I really don't see what benefit I get from paying them $25. Nothing lost. I believe Steve K benefits from them as he needs a registrar to keep the company open. He could use the cash from the Wells Fargo settlement to pay the "nominal fee" rather than paying Frizelle for doing nothing. Anyone speak with Steve K? .02. Sb
roberto Welllll.....maybe CMKM won't be around after the first of the year (or thereabouts)....it was their plan to make it go away in 2006....maybe it still is their plan. Thus, no company and no more need for our certs by then....I like it!!! IMO!! Best to all roberto
7 hours ago hacksawjim said: I'm a glass half-full guy... if we are to believe that the SK/nhhi thing goes away, and the court case wraps up, and we get paid... it would make sense that the transfer agent ends their role with us too... especially IF the notification/packets give us direction to take our certs to bank... no need for a TA anymore... imo. hopefully, another sign/step for us. imo hack
gmbudwrench Transfer on Line E- Mail 12/3/18 3 hours ago portrush, elwoodpdowd, and 1 more like this Post by gmbudwrench on 3 hours ago I haven't got my email yet, but I guess it's coming. My question is why could being registered with Transfer Online have a cost? What have they really done? I'm registered with a ton of stuff online that doesn't cost a penny. All of our stock and personal information is sitting there digitally. Is it costing them to store this information? Absolutely nothing ever happens in this stock to cause any hardships financially for Transfer Online. The only, and I mean only fee I see that would be reasonable would be transferring of shares to someone else and the printing of a new certificate, that's it.
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Post by hurricane on Dec 4, 2018 22:37:51 GMT -5
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Post by cessation on Dec 7, 2018 17:21:16 GMT -5
Can you explain why and how this involves or changes anything for us please?
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Post by imSINGLEruRICH on Dec 8, 2018 8:08:39 GMT -5
20 hours ago flyingj said:
At 50000 shareholders times 25 dollars is over a million dollars. 10000 shareholders at 25 dollars is 250 thousand dollars.
So where did this 65000 dollars come from. Why do we have to believe our own ceos lies. Transfer online did not do this for free. That is total bs
Steve K is full of smoke and Mirrors and horse 🐎 manure.
Keeping the Faith!!!!! Ps: Wake up please Flyingj
portrush Administrator Transfer on Line E- Mail / SK Update p10 20 hours ago Treadstone, bulldawg, and 8 more like this
I know the answer to this. Well, I know what I was told. Transfer Online does ordinarily charge a maintenance fee for each company it provides services for. It was charging CMKM several thousand dollars each month for some time until it reached an unpaid balance of $60,000. (not 65) At that time, given the company had no cashflow or other revenue to satisfy the AP, Kirkpatrick called them and told them the company couldn't pay it and didn't know when--if ever--it could. At that time, apparently, the claim was made that TO was making consistent money from shareholders making changes to the certs and paying the fees to do so.
Steve also mention to me, and I think its very accurate; should something happen and the company--or the stock or certs--have sudden value or activity, Transfer Online would most certainly re-engage the company for their services and start charging their monthly fee again.
I've always questioned how those individual shareholder cert-change fees could even come close to adding up enough to dismiss $60,000 for a company the size of TO. Lori, the owner, has a nice business (says Steve) but anyone can see its not General Motors big. $60K would be a significant loss because its straight off the bottom line. I don't know what their profit margins would be for that type of company...but lets just say that they want to charge double their cost in order to realize the profit they need. That means they would need to do $120,000 in NEW business to offset the loss of not being paid the $60K from CMKM. And THAT, is a lot of cert-change fees.
So I agree with many of you--the dots don't connect. Or as I've been saying ad nauseum, its the consistency of inconsistencies that keeps me here.
I hate to pour gas on a brushfire here, and I may have had my toes over the edge on this with my overreaction. I apologize for that. To me it is seemingly clear that Transfer Online does not have ALL the stockholders accounted for unless there truly is only about 7,000 stockholders. I've never believed the 50K number is accurate...because I think the government bought stock in order to fuel the velocity of demand in order to trap the brokers who were selling illegally. As for "real people"...7,000 or so sounds more plausible.
At this point I cannot make sense of a reason to pay anything. The stock is not trading. The company is stagnant. The only "service" I see them providing is hosting my private information on their server which allows me to logon, pull up my account, see my name, address and phone--and verify my cert# with # of shares. Nothing more than going to the safety deposit box at the bank, pulling out my physical cert and staring at it. For free.
Still no email for me yet.
FWIW, pr
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Post by John Winston Lennon O'Boogie on Dec 8, 2018 9:50:39 GMT -5
If you ask me, I would say that TOL was there only for accountability. My guess is it's done... JMO
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Post by John Winston Lennon O'Boogie on Dec 8, 2018 9:52:12 GMT -5
One other thing. Can't you group E-Mails when sending them.. Why one or two here and there.. I just received mine.
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Post by vulcanized crawler on Dec 8, 2018 12:05:18 GMT -5
TO ''accounts receivable'' good tax write off each year
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Post by shinynuggets on Dec 10, 2018 16:28:08 GMT -5
20 hours ago flyingj said:At 50000 shareholders times 25 dollars is over a million dollars. 10000 shareholders at 25 dollars is 250 thousand dollars. So where did this 65000 dollars come from. Why do we have to believe our own ceos lies. Transfer online did not do this for free. That is total bs Steve K is full of smoke and Mirrors and horse 🐎 manure. Keeping the Faith!!!!! Ps: Wake up please Flyingj portrush Administrator Transfer on Line E- Mail / SK Update p10 20 hours ago Treadstone, bulldawg, and 8 more like thisI know the answer to this. Well, I know what I was told. Transfer Online does ordinarily charge a maintenance fee for each company it provides services for. It was charging CMKM several thousand dollars each month for some time until it reached an unpaid balance of $60,000. (not 65) At that time, given the company had no cashflow or other revenue to satisfy the AP, Kirkpatrick called them and told them the company couldn't pay it and didn't know when--if ever--it could. At that time, apparently, the claim was made that TO was making consistent money from shareholders making changes to the certs and paying the fees to do so. Steve also mention to me, and I think its very accurate; should something happen and the company--or the stock or certs--have sudden value or activity, Transfer Online would most certainly re-engage the company for their services and start charging their monthly fee again. I've always questioned how those individual shareholder cert-change fees could even come close to adding up enough to dismiss $60,000 for a company the size of TO. Lori, the owner, has a nice business (says Steve) but anyone can see its not General Motors big. $60K would be a significant loss because its straight off the bottom line. I don't know what their profit margins would be for that type of company...but lets just say that they want to charge double their cost in order to realize the profit they need. That means they would need to do $120,000 in NEW business to offset the loss of not being paid the $60K from CMKM. And THAT, is a lot of cert-change fees. So I agree with many of you--the dots don't connect. Or as I've been saying ad nauseum, its the consistency of inconsistencies that keeps me here. I hate to pour gas on a brushfire here, and I may have had my toes over the edge on this with my overreaction. I apologize for that. To me it is seemingly clear that Transfer Online does not have ALL the stockholders accounted for unless there truly is only about 7,000 stockholders. I've never believed the 50K number is accurate...because I think the government bought stock in order to fuel the velocity of demand in order to trap the brokers who were selling illegally. As for "real people"...7,000 or so sounds more plausible. At this point I cannot make sense of a reason to pay anything. The stock is not trading. The company is stagnant. The only "service" I see them providing is hosting my private information on their server which allows me to logon, pull up my account, see my name, address and phone--and verify my cert# with # of shares. Nothing more than going to the safety deposit box at the bank, pulling out my physical cert and staring at it. For free. Still no email for me yet. FWIW, pr
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