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Post by soonerlew on Nov 12, 2007 8:03:02 GMT -5
By: mt.men 11 Nov 2007, 08:27 PM EST Msg. 623359 of 623400 Jump to msg. # Certholders It continues to amaze me how the dregs of the earth are here 24/7 and have posted 50 of the last 55 posts. And we have those who profess that we have NO sad people just disgruntled longs. Wonder how big shorties bill is monthly to keep these weirdos posting? All the best to the true longs . By: calvinwinters 12 Nov 2007, 07:12 AM EST Msg. 623390 of 623399 (This msg. is a reply to 623359 by mt.men.) Jump to msg. # mt.men:Why would we think their getting paid, they're here for the psyke kick. Or they just enjoy our company. There's no way in the world they'd figure out to be on the clock. The big money is gone, we cant trade, no newbee's are being taken advantage, seems to me they have nothing else to do. For them to admit payroll would extol a economic reason for they're constant feature of negativity. Which would mean we're gonna get paid! ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=623390
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Post by soonerlew on Nov 12, 2007 8:03:43 GMT -5
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Post by soonerlew on Nov 12, 2007 8:04:13 GMT -5
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Post by soonerlew on Nov 12, 2007 8:04:50 GMT -5
By: playerstill 12 Nov 2007, 07:28 AM EST Msg. 623397 of 623406 (This msg. is a reply to 623389 by sharasilva.) Jump to msg. # Shara, it's waaaaay too late to try and put together a believable defense for your being here. There's plenty of evidence already available in your 400 posts. Your history has been determined - and it's not good - and your recent posts to try and dispell the obvious, and cover yourself as a "concerned observer of scams", will be rightfully laughed right out of the courtroom. Despite this ominous cloud hanging over your future, try and have a nice day anyway! All the best to you! ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=623397By: sharasilva 12 Nov 2007, 07:49 AM EST Msg. 623405 of 623406 (This msg. is a reply to 623397 by playerstill.) Jump to msg. # player, There is no possibility of me or any other unhappy person being prosecuted for anything they posted concerning CMKX. CMKX is an obvious mismanaged and illegally managed company. NO court in the US would ever prosecute anyone for saying this.
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Post by soonerlew on Nov 12, 2007 8:05:18 GMT -5
By: opsuround 12 Nov 2007, 04:26 AM EST Msg. 623387 of 623409 Jump to msg. # The Board of BHP Billiton has recently written to the Board of Rio Tinto proposing a combination of their respective companies to create an organisation w ithout peer in the natural resources industry. The Board of BHP Billiton has sought and continues to seek to engage in discussions w ith Rio Tinto w ith a view to obtaining the support and recommendation of the Board of Rio Tinto for this proposal. To date Rio Tinto has not agreed to these discussions. ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=623387
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Post by soonerlew on Nov 12, 2007 13:34:09 GMT -5
By: oil.ipo 12 Nov 2007, 09:31 AM EST Msg. 623423 of 623429 Jump to msg. # Very interesting update from Etrade to customers online today,;
November 12, 2007 This is a challenging time for the financial services industry. Bad news in the credit, housing, and stock markets continues to dominate and E*TRADE is not immune to these market conditions.
However, you, our customers, should know that we continue to be well capitalized by regulatory standards. As a matter of fact, we could absorb an immediate write down in excess of $1 billion and still remain well capitalized. Nobody knows for certain what the ultimate impact will be from these markets, but it is our expectation that news in the market will get worse before it gets better and, armed with these expectations, we are taking prudent measures to effectively manage the company's balance sheet.
We will continue to earn your confidence, providing state-of-the-art asset protection, including E*TRADE's Complete Protection Guarantee, SIPC Protection for E*TRADE Securities customers and FDIC Insurance for E*TRADE Bank customers.
We appreciate the opportunity to continue to serve you and your investing needs.
—Jarrett Lilien President, COO and Director, E*TRADE FINANCIAL
Eom
By: snoopstock613 12 Nov 2007, 09:58 AM EST Msg. 623433 of 623436 (This msg. is a reply to 623423 by oil.ipo.) Jump to msg. # One billion is not much money considering the amount of counterfeit stock that they may have sold. Told you once about the story of Pyct and how it was not one the short list until I transferred my account from Etrade. The funny thing is that the short amount was almost exactly what I had transferred. I decided to transfer my account because they kept listing my shares as "short". I paid cash for them. After having to get my account changed THREE TIMES, I decided to transfer it. So glad I did.
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Post by soonerlew on Nov 12, 2007 13:35:04 GMT -5
By: starbase70 12 Nov 2007, 12:25 PM EST Msg. 623480 of 623480 Jump to msg. # Sept Rain ~ Looks like the collection is taking place as we wait. Or so it seems looking at the markets and the huge 3rd and 4th Q losses being placed in the public eye. Now we know money is never lost it just changes hands!! Wonder whos hand the money is in at this time>> ?
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Post by soonerlew on Nov 12, 2007 13:37:10 GMT -5
Thanks snifferpup!!!!
Ambassador upadate at 10:00 pm Sunday, November 11, 2007...
UPDATE POSTED 10.00PM SUNDAY 11TH NOVEMBER:
In addition to the waves of arrests of bankers and other financial sector employees mentioned to date, we now understand that the Provost Marshal General's now very large criminal investigation team has a list of about 4,000 individuals and parties suspected of involvement in financial frauds, who are being questioned and subjected to military-style investigations across the United States.
Morgan Stanley, which conspired with Citibank to create a fictitious account with a name close to that of AmeriTrust Groupe, Inc., is being investigated by the SEC. Its violations of SEC securities regulations are of the gravest possible nature and will have unpleasant consequences for this institution. The conspiracy between Citibank, Morgan Stanley and the third institution (known to the Editor, but which cannot be named yet) to divert Wanta's $4.5 trillion funds, is the most scandalous development (aside from the stealing of HM The Queen's gold and the theft of $47 trillion, both of which have been recovered, along with Mr Wanta's $4.5 trillion) recorded to date. The institutions concerned took a hell of a risk, and got caught. As you can imagine, this development has placed Ambassador Wanta in an impregnable position, the outcome of which will cause astonishment when we are authorised to publish the facts of what has been going on, and details of the consequent collapse of an intricate, layered, convoluted model of corruption designed by George Bush Sr. and Dr Alan Greenspan, which they had believed was so impregnable that they could never, ever be exposed. It is also to be understood that they never intended to honour ANY of their obligations.
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Post by soonerlew on Nov 12, 2007 13:43:43 GMT -5
By: gr8hiker 12 Nov 2007, 08:42 AM EST Msg. 623412 of 623414 Jump to msg. # Bye Bye E-trade: This is HUGE biz.yahoo.com/ap/071112/e_trade_ahead_of_the_bell.html?.v=1Ahead of the Bell: E-Trade Downgraded Monday November 12, 9:24 am ET Citi Analyst Downgrades E-Trade to 'Sell,' Says Bankruptcy a Possibility, Shares Sink NEW YORK (AP) -- A Citi analyst downgraded shares of E-Trade Financial Corp. on Monday after the online brokerage said late Friday the value of its holdings of securities backed by home mortgages has fallen significantly and will lead to bigger-than-expected write-downs in the fourth quarter. ADVERTISEMENT E-Trade said its $3 billion portfolio of asset-backed securities includes about $450 million worth of collateralized debt obligations and second-lien securities. The company did not predict how big its losses will be and withdrew its earnings guidance. Also, E-Trade said the Securities and Exchange Commission opened an informal inquiry related to issues with E-Trade's loan and securities portfolios. Citi Investment Research analyst Prashant A. Bhatia cut his rating on the stock to "Sell" from "Hold" and lowered his price target to $7.50 from $13. E-Trade shares fell $2.59, or 30 percent, to $6 in premarket trading Monday. Bhatia said there's a 15 percent chance that E-Trade will declare bankruptcy and said management may be forced to sell loans and securities at significant discounts. "The continued negative news flow about charges resulting from its mortgage and CDO exposure, an SEC inquiry, and continued deterioration in its financial condition, all increase the likelihood of significant client attrition," Bhatia wrote in a client note. CDOs combine slices of different kind of risk and are often backed partly by subprime mortgages, or loans given to customers with poor credit history. Bhatia said some of E-Trade's competitors have fared better and questioned E-Trade's leadership and how management is steering the company through its troubles. "That peers have virtually entirely avoided the credit crisis, again highlights the flawed strategy and lack of credible risk management by E-Trade's senior executives and the board of directors," Bhatia wrote in a client note. Bhatia said E-Trade may now have trouble keeping employees, noting that the company has seen an 8 percent reduction in its work force over the past two quarters. "The incentive for employees with options to remain at the firm may now be significantly lower," Bhatia wrote. By: ezaltheladiespa 12 Nov 2007, 09:15 AM EST Msg. 623417 of 623501 (This msg. is a reply to 623412 by gr8hiker.) Jump to msg. # NevWest President Sergey Rumyantsev said today that “in our perception, we believe that we have fail-safes inn effect that go far above and beyond the industry standards. We feel completely wronged in this particular case.” Rumyantsev also questioned the NASD’s action against their company, saying that “we were singled out, why were we the only one charged when hundreds of billions of shares were sold by other brokers?” Another source close to the story echoed Rumyantsev’s sentiments, citing the serious problems with other major brokerage firms, including Ameritrade and Etrade, and the long and drawn out process of trying to issue stock certificates to bonafide shareholders, many of whom have still not received stock certificates over a year after the company initiated a cert pull in an attempt to determine if there were more shares sold than actually existed. This source asked whether the other offending brokers had filed Suspicious Trading Reports in relation to the well-over a trillion shares that many people claim were fraudulently sold to unsuspecting shareholders. In the meantime, many questions remain in the CMKX saga. Why has it taken so long for regulatory agencies to take action against those who defrauded over 50,000 shareholders, and why hasn’t the SEC taken >any action whatsoever? It was reported last week in a court document involving John Edward’s wife Diana Lee Flaherty’s own stack fraud trial that Edwards himself is still under investigation for stock fraud, and there are unconfirmed reports of a major sting operation targeting dozens of others involved in the CMKX scandal. In the broader sense, the shear scope of this scam, and the reported massive selling of counterfeit stock into the market that accompanied it, raises serious questions as to the system of checks and balances that protects our stock market. This reporter is certain that this is only the beginning, and that ultimately, many more people will be brought to justice in this case. Let’s just hope that the investigations don’t stop there, and that the major brokers are held responsible for their part in this financial train wreck, and that the SEC itself is made to answer for their ineptitude and failure to “protect investors and maintain the integrity of the securities market.” ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=623417
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Post by soonerlew on Nov 12, 2007 14:56:05 GMT -5
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Post by soonerlew on Nov 12, 2007 14:57:11 GMT -5
Anyone remember where this came from??? By: starbase70 12 Nov 2007, 09:44 AM EST Msg. 623427 of 623501 Jump to msg. # Interesting they would use the word "STING" "and there are unconfirmed reports of a major sting operation targeting dozens of others involved in the CMKX scandal" ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=623427I didn't find anything leading up to this....
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Post by soonerlew on Nov 12, 2007 14:57:50 GMT -5
By: ezaltheladiespa 12 Nov 2007, 10:30 AM EST Msg. 623446 of 623501 (This msg. is a reply to 623442 by oil.ipo.) Jump to msg. # OIL IPO this is where I found it: www.faulkingtruth.com/Articles/Commentary/1065.html NASD Charges NevWest in CMKX Saga...Justice at Last? By Mark Faulk Sept. 26, 2006 In a saga that many thought was dead-on-arrival, the NASD today filed charges against NevWest Securities Corporation of Las Vegas, and company President Sergey Rumyantsev and Vice President Antony M. Santos. In charging the company and its officers with violating NASD's Anti-Money Laundering Rule, they stated that “between January 1, 2003, and May 31, 2005, NevWest failed to file Suspicious Activity Reports (‘SAR’), or cease trading in multiple accounts owned and controlled by JE, NevWest’s customer, regarding over 500 transactions, invo9lving over 250 billion shares of sub-penny stock issued by CMKM Diamonds Inc. (‘CMKX’) totaling over $53 million. In the 28-page complaint, the NASD also charged NevWest with failing to “adequately perform due diligence, file SARs, or cease affecting wire transfers involving $43 million through 139 separate wires from at least 28 of the accounts JE had opened at NevWest to various bank accounts.” It was the first charges brought in a story that began in late 2002 (or even earlier including the earlier incarnation of CMKM Diamonds), and might have come to an end on October 28, 2005, when Administrative Law Judge Brenda Murray officially revoked CMKM’s (commonly referred to by its trading symbol CMKX) reporting status, after the company withdrew its appeal of Judge Murray’s initial ruling against the company for failure to file required financial reports with the SEC. However, this was one company that simply refused to die. Bolstered by over 50,000 shareholders and an advocacy group begun by CMKX shareholder John Martin and represented by attorney Bill Frizzell, the CMKX Owners Group worked their way into the SEC hearings, and continued to press for action against the various people involved in what they perceived as a massive fraud extending into every corner of the financial market process, including not only numerous individuals who took advantage of a system rife with loopholes and poorly enforced SEC regulations, but implicating nearly every major brokerage firm in the U.S. and Canada. In fact, in a letter to then CMKX attorney Donald Stoecklein over a year ago, Owners Group attorney Bill Frizzell called for the company to take legal action against several of the people who he named as being involved in the scheme to defraud tens of thousands of CMKX shareholders, with John Michael Edwards, or “JE,” at the top of the list. He specifically cited the 36 NevWest trust accounts, along with another 20 additional companies that have addresses in Langley, B.C., and owned and controlled by Edwards. In addition to Edwards and NevWest, Frizzell named company auditor Neil Levine (who was brought into CMKX by Edwards), CFO David DeSormeau, “consultant” James Kinney, secretary Ginger Guitierrez, and attorney Brian Dvorak as individuals who were involved in the problems with CMKX. NevWest President Sergey Rumyantsev said today that “in our perception, we believe that we have fail-safes inn effect that go far above and beyond the industry standards. We feel completely wronged in this particular case.” Rumyantsev also questioned the NASD’s action against their company, saying that “we were singled out, why were we the only one charged when hundreds of billions of shares were sold by other brokers?” Another source close to the story echoed Rumyantsev’s sentiments, citing the serious problems with other major brokerage firms, including Ameritrade and Etrade, and the long and drawn out process of trying to issue stock certificates to bonafide shareholders, many of whom have still not received stock certificates over a year after the company initiated a cert pull in an attempt to determine if there were more shares sold than actually existed. This source asked whether the other offending brokers had filed Suspicious Trading Reports in relation to the well-over a trillion shares that many people claim were fraudulently sold to unsuspecting shareholders. In the meantime, many questions remain in the CMKX saga. Why has it taken so long for regulatory agencies to take action against those who defrauded over 50,000 shareholders, and why hasn’t the SEC taken >any action whatsoever? It was reported last week in a court document involving John Edward’s wife Diana Lee Flaherty’s own stack fraud trial that Edwards himself is still under investigation for stock fraud, and there are unconfirmed reports of a major sting operation targeting dozens of others involved in the CMKX scandal. In the broader sense, the shear scope of this scam, and the reported massive selling of counterfeit stock into the market that accompanied it, raises serious questions as to the system of checks and balances that protects our stock market. This reporter is certain that this is only the beginning, and that ultimately, many more people will be brought to justice in this case. Let’s just hope that the investigations don’t stop there, and that the major brokers are held responsible for their part in this financial train wreck, and that the SEC itself is made to answer for their ineptitude and failure to “protect investors and maintain the integrity of the securities market.” To read the NASD complaint filed against NevWest, go to: cmkxownersgroup.com/NevWest%20Complaint.pdf This article is also posted on Mark Faulk’s blog at The Sanity Check, along with an excellent comment section, at: www.thesanitycheck.com/Blogs/MarkFaulksBlog/tabid/86/Default.aspx Add your name to our mailing list on our homepage, and we'll update you on developments in the Stockgate scandal. Current time is 02:56 pm ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=623446
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