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Post by soonerlew on Feb 12, 2008 11:45:44 GMT -5
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Post by imSINGLEruRICH on Feb 12, 2008 16:41:59 GMT -5
Well I'll be darned........ they finally realized that the ETGMF shares rightfully belonged to the shareholders?? Another inconsistency...... to add to the rest! In every update/ Q&A they constantly insisted that it was an asset of the CORPORATION. And how in the heck did they make ALL reasonable efforts to distribute the shares to us?? Not that the pittance of shares would make anyone rich,,,,, but the annoying thing is that we never had a choice or vote in regards to allowing the CORPORATION to retain control of them!! If I remember correctly as per Sooner's visit to Tyler....... When Frizzell was asked about the Entourage shares...... he said .... "That KW could take control of the ETGMF shares due to "The Business Judgment Rule". Kevin as CEO can make any decision that He deems to be in the best interest of the CORPORATION. Because of this rule/ law, His decision stands and cannot be changed,by anyone including shareholders, courts of law etc.... (Pulling their weight here??) BUI>>>>>>> The above is my first reaction......... Now I read this post below and .................................WOW !!  jeff46143
DIAMOND JEDI
Re: Statement of Defense on CMKX Website
« Reply #17 on Today at 1:36pm » My take on this is that at the hearing is where we are going to see the NSS brought to the fore front. Entourage is saying we should have distributed the shares. CMKX is saying we are trying to follow the laws, but because of the massive NSS we are unable to distribute the shares. This hearing could be significant for us. millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1202834400&page=1 Single  |
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Post by eastcoastswing on Feb 12, 2008 16:43:44 GMT -5
Seriously, I am more confused than ever.
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Post by soonerlew on Feb 12, 2008 16:49:46 GMT -5
UH...Thanks single, I had forgotten that....Now we need some clarification on what that rule is..... Are you googling?  >>>>>> LOL....... |
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Post by imSINGLEruRICH on Feb 12, 2008 17:02:41 GMT -5
UH...Thanks single, I had forgotten that....Now we need some clarification on what that rule is..... Are you googling? >>>>>> LOL....... Sooner, The rule is simple......it gives the CEO of a company all rights to make any decisions ,he deems to be in the best interest of the corporation. No votes from shareholders necessary. Even in a court of law it is almost impossible to reverse his decision as it is hard to prove or challenge the CEO's intent or judgment. A one man band?? ... lol Single |
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Post by soonerlew on Feb 12, 2008 17:24:59 GMT -5
Well, if that' not a fine "howdy do"!!!
So this is one place where they are planning on getting money.........Someone posted it was at .04 but even if they sold at .025, they'd get a bundle.
Sooo, this is how they lured some of the other attornies in. This is pretty much a sure fire thing, isn't it?
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Post by MannyFin on Feb 12, 2008 17:55:07 GMT -5
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Post by imSINGLEruRICH on Feb 12, 2008 18:00:15 GMT -5
Well, if that' not a fine "howdy do"!!! So this is one place where they are planning on getting money.........Someone posted it was at .04 but even if they sold at .025, they'd [/size]get a bundle. Sooo, this is how they lured some of the other attornies in. This is pretty much a sure fire thing, isn't it?[/quote] I hate the word "THEY"..... "THEY" flip-flop info or non-info to their own convenience don't THEY ? It is all about "Transparency" .... and "THEY" seem to be running wayyyyyyyyyyy behind in a solid last place. My only hope is and has always been that "THEY" have wooden heads and strings!! <sigh> Single |
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Post by imSINGLEruRICH on Feb 13, 2008 16:01:46 GMT -5
ShowMeTheMoney
DIAMOND JEDI MASTER
Re: Statement of Defense on CMKX Website
« Reply #55 on Today at 2:08pm »
John and Drillbit:
I agree that Tyler is playing in a bigger game, whether they realized it or not... or came to realize it at a later date, or not... If that makes sense.
I think we all agree that the Statement of Defense , written by Gerry Cuttler, has it right. The Shares, per the Entourage Agreement, were intended to be distributed to CMKX Shareholders.
The Interplead was to be the mechanism that allowed the courts to decide who the CKKX bona fide shareholders really are. Kevin West told me this himself last January.
Since then, Kevin and Bill have made it very clear in their CEO Updates that they believe the Interplead did not happen. Furthermore, they have also made it very clear that they did not think they had to follow through with the Entourage agreement to distribute the shares to CMKX Shareholders.
Now, in CMKM Diamond's Statement of Defense, they reverse their previous statements and make the claim that they have tried to legally distribute the shares. As a result, they will have to show evidence of having tried to follow through on the Interplead action in order to back up their statements lawfully in a court of law. At a minimum, they'll have to discuss the Cert Pull, and the fact that many shareholders were unable to get Certs from their Brokers. All that will have to come out.
Bottom line... lots of bouncing balls... lots of mirrors. And, if this goes to court, those Bouncing Balls and Mirrors will have to be exposed for what they are... imo.
As for the References to CMKM Diamond's lack of using "Safe Harbor Statements", I don't think Kevin and Bill are protected by not having them. In fact, quite the opposite.
Please see Investopedia's definition of Safe Harbor below. A Safe Harbor Statement is used to keep a company out of trouble with the SEC and investors. Failure to have them can make the company liable for putting out inaccurate and/ or blatantly false information.
In my mind, by not having Safe Harbor Statements, the CMKM Diamond's CEO Updates have always put them at more risk, not less. ...Just another strange event in the continuing CMKX saga.
AIMO,
- Show
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