By: gusjarvis
17 Jan 2009, 09:14 PM EST
Msg. 799216 of 799223
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and chris this post is dead on by bellingus
By: Bellingus
17 Jan 2009, 03:14 PM EST
Msg. 36911 of 36918
(This msg. is a reply to 36909 by morg38off.)
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Morg…
What a question. Two movies come to mind. For the oldsters, Gone With The Wind and for the pups, The Matrix. BTW, neither of the plots or titles is relevant. What is relevant is that both movies are extremely complex. Say you’re watching the final ten minutes of either one and someone comes in the room and asks, “What’s this flick about?” Where do you begin? It’s almost impossible to do either of the stories justice with a few lines. The same thing applies to CMKX.
There are a couple of things I will comment on. First, consider the call for bona fide shares. This was the largest and most expensive certificate pull in the history of the markets. One major online broker spent hundreds of thousands of dollars to be sure to get certs out to their customers. Why would they do that? And why would the original team insist on it happening and then make arrangements for it?
One of the reasons people are so frustrated is they aren’t asking the right questions. I laugh when people express how upset they are that Frizzle didn’t follow through with his findings on nss. There are a couple of reasons for this. First, his fax campaign wasn’t conclusive. Second, if you go back to August of 04, the existence or absence of nss was proven (as it was on several occasions prior) and Friz simply doesn’t have the rights to the evidence gained prior to his arrival.
Another thing people fail to see is that the old company’s business was wrapped up before they passed the ball. The Tyler guys inherited an empty shell with only limited rights to act on past business. Simple, right? With the exception of a couple of apparent superficial though poetntially important ties, the present CMKX and the old CMKX have little in common.
Oh, and to answer your question a bit more directly: legal milestones.
Here’s a related post by someone who goes by Bellingus, as if he has a friggin’ clue:
ragingbull.quote.com/mboard/boards.cgi?board=CLB01247&read=30241 By: gusjarvis
17 Jan 2009, 09:16 PM EST
Msg. 799217 of 799223
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another
By: Bellingus
06 Mar 2008, 08:45 AM EST
Msg. 30241 of 36918
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Where’s The Value?
It’s sometimes funny to read some of the discussions about the claims, the race pump, the massive scam, the massive sting, the hearing in May of 05… I could go on and on. But to place attention on any of those issues is looking way beyond the immediate, and IMO, the most significant point. Are those things important? Some are. But there’s something infinitely more important and most ppl have hardly considered it at all.
From time to time ppl bring up the topic of the gross number of naked shorted shares that are thought by some to exist in CMKX. It’s interesting that original management never mentioned it publicly after late 2003. Bill Frizzell tried to make it a point of contention at the administrative hearing and the judge would not even listen. Fast forward to today and there is virtually no one of consequence who will openly or officially entertain such a notion. Ever wonder why?
My opinion is this: There is a significant number of NSS in CMKX. Can I prove it? Nope. Can anyone? Of course. Will anyone ever prove it for all to see? I doubt it. Why? Because it’s a secret.
Let’s shift gears for a moment to make a point. What is value? That’s a pretty open-ended question. Value, like beauty, is often in the eye of the beholder. Obviously there are things that almost everyone recognizes as valuable, but what is valuable can also be very subjective.
Pretend for a moment that you own every rookie baseball card for every major league baseball hall of fame player. That would be a valuable collection, right? But let’s look at it from a couple of different perspectives. There are a little over 200 rookie hall of fame cards. What would they be worth in scrap paper value? Pennies – nearly nothing. What would they be worth to an Aboriginal bush family who’d never even heard of baseball? Nothing. And finally, what might they be worth to a card-collecting baseball fanatic? Perhaps a lot of money. Different perspectives, different values.
Okay, back to the point. Let’s play the ‘what if’ game for a second. What if the actual OS of CMKX is really very small and hidden from public view for all to see? What if all the bona fide shares held by ppl like you and me represent numbers way over and above all the legitimate shares of record? And here's the kernel:
What if these bona fide shares are the only real evidence that the American stock market, our trusted financial system, along with literally dozens of legitimate, mainstream brokers had cheated thousands of ppl?
And what if, to ensure that the integrity of that system was never in question, those shares HAD to go away or risk being exposed as a not-so-safe or friendly system?
What kind of value would bona fide shares have then? Ever thought of it that way?
I’m not saying that this is the case. I’m just wondering out loud and saying what if that were the case? Would it matter where the claims were? Nope. Would it matter who present management was? Nope. Would it matter who did what and when and for what reason? Nope. Would it matter if new management got the stock trading again? Nope. Would it matter…? You get my point. What would matter?
Only that someone or some entity would want to take those shares out of circulation. Ah! Now they become valuable. If there is any accuracy to the point I’m making, and I believe there is, it doesn’t matter AT ALL who’s running the company at present or what they’re doing or trying to do. Period! The bona fide shares have value independent of ALL the other things ppl feel are so important about this play.
I think many ppl are frustrated because they spend time trying to figure out stuff that isn’t even relevant – at least not at the moment. And even if some of it were relevant, certain things have been purposely designed so they are nearly impossible to figure out – so don’t feel bad if you don’t get a lot of it!
New management – old management? Who has the claims and why do they have them and why were some left to expire and was there work done on them? Who are the important JVs? Was this a massive case of fraud or a masterful undercover operation? And on and on and on. And at the present moment, most of it doesn’t matter at all. Ah, but those bona fide shares, that’s interesting stuff.
AMHO
Peace.