Post by imSINGLEruRICH on Apr 3, 2010 12:42:25 GMT -5
..... A blast from the Past.... old but an ntetesting reads just the same... and I am not so sure Frankie even feels the same today..
swather
Frankie the Wall Fly....Where are you?
« Thread Started on Aug 7, 2006,
Gee, this whole CMKX thing is really getting frustrating. I think it is time to call my buddy
Frankie the Wall Fly again.
FRANKIE, ARE YOU OUT THERE? ...........CAN YOU HEAR ME?
gee, swather....stop shouting so loud. You're going to wake up all the neighbours....
oh!.......sorry. I didn't think you were in the area.
Ya!.....I was cruising some of these PalTalk chat sites for the past few days..........hey, those women in the International room are a bunch of hotties. Could you set me up with one of them?......lol..........
Frankie, the closest you will get to one of them is at the end of a fly swatter. Maybe I should have some of those Horse Flies from around Prince Albert sent down to meet you. They will teach you a lesson or two...
Oh, swather, I was just joking. And besides, those Horse Flies had my uncle Mario for lunch a year ago, so that is not funny, they are really big suckers...
Besides, why did you call me?
Ah, Frankie. I'm really getting frustrated with CMKX. I want to just move on and see all this come to and end. What is the hold-up? Are any of those rumors true?
Swather, you had better talk to my cousin Tony again. He is pretty upset though because one of his buddies froze to death in a meat packing plant. It seems that he found a nice hind quarter of beef and had a beautiful buffet. He ate too much and fell asleep just as they were moving the hind quarter into the cooler. Well, you know what happened....
Ya, Ya....just send Tony over here........
Well, Tony finally arrived Friday night.......
Swather, what do you want? Why are you disturbing me so much?
Tony, I'm sorry. I heard about your buddy and what happened to him. I just wanted to find out if there is anything new with CMKX. Why is there such a delay? Are any of these rumors true?
OK swather, sit down...........this is going to take awhile.
OK, where should we start?
OK, lets start with CMKX. Do you remember what I said about CMKX? It is just a shell company. Its only assets are the possible Entourage shares. I've seen people talking about vast reserves of oil, a great diamond find, uranium, and 30 other minerals. That is just not true. CMKX is just an empty shell and it was designed that way in order to protect the real assets of Urban Casavant. The big claims were all placed into CIM for protection and CMKX received
payment for these claims in the form of shares in CIM. These shares were subsequently passed on to the shareholders of CMKX in the form of a dividend. As I said, the reason all the good claims were moved into CIM was for protection from lawsuits, not from the small shareholders on PalTalk but from some of the so called "enemies" of CMKX who have very deep pockets. These "enemies" could do a lot of damage to CMKX from tying up CMKX
in lawsuits and court proceeding for many years, to asking the court to put a freeze on any further exploration on the land until all lawsuits are settled. After this is all over, CMKX will just disappear. As an added note......UC wanted to keep the land claims and the DoJ wanted a shell.....so CIM was born with the DoJ being the godfather you might say......
And, as far as UC facing criminal or other legal charges, the DoJ has him well protected..
Also, do you ever wonder swather about UC taking the 5th in the court proceedings. It was not to protect himself from any legal problems but to protect and stop the SEC's attorney from questioning UC about "delicate" matters, namely the involvement of others, which, unknown to the SEC, included the DoJ. So, rather than take the fifth on just the key questions, UC took the fifth on all questions so as to not tip off anyone about the involvement of the DoJ.
So, in essence UC sold all the good claims to CIM and that is where the big play will soon occur.
All CMKX shareholders will be greatly involved and rewarded with CIM when it goes public. All the minor claims were sold to Entourage Mining.
Next swather, what about the delay in having all this settled you ask.
Well, it is summer and summer brings vacations. And there are lawyers involved so you put two and two together and you come out with the fact that there are a lot of lawyers on vacation. Next, consider that there are a lot of naked shorters about to have their necks rung like a chicken. Each one of these naked shorters has to have their lawyers sign off on any agreement made between that particular naked shorter and the DoJ. If any one lawyer has not signed off, then the settlement is not complete.
There are close to 9,000 hedge funds around the world with most registered in the Cayman Islands.
If you say that only 10% of the hedge funds participated in naked shorting, you have 900 lawyers to deal with for the hedge funds alone. Now, add in the powerful US brokers like Ameritrade, add in foreign brokers like TD Waterhouse Canada, and, finally, add in the lawyers from the professional stock trading groups and you end up having to deal with close to 1000 lawyers as a minimum.
Now that is a lot of lawyers to get on side and signed off on the settlement. It just looks like the DoJ hasn't received back all the signed off agreements as yet so we just have to sit back and wait.
Can one of the lawyers be asking for a wording change? Possibly...Can anyone be trying to back-out of the agreement. Possibly......
Maheu has basically done his job, it is now up to the DoJ, with all their legal power, to close this whole operation.
Who will issue the PR.....
Only one person will issue the PR and that is Maheu's lawyer, Donald Stoecklein. There is a slim chance the DoJ may issue a PR about how they have closed in and screwed the naked shorters but there will be no reference to CMKX.
This is Robert Maheu's show and the PR will come from him via Stoecklein. It is Maheu and the DoJ calling the shots now in the final days. And, don't forget, this may come as a letter to shareholders with instructions rather than a public press release.
Any PR coming from UC at this point will be in the form of thanking shareholders for all their support over the past years and possibly a comment about the future of CIM.
Tony, what is the SEC's role?
Swather, right now you have two government agencies that don't interact with one another, the DoJ and the SEC.. This ha been a major problem for years with the Federal Government....jealousies among agencies. We saw it in 09/11 where the FBI doesn't talk to the CIA and the CIA doesn't talk to the FBI.
Well, we have it here where the SEC doesn't talk to the DoJ and the DoJ doesn't talk to the SEC. So, what we have is the SEC, seeing the tide coming regarding the exposure of naked shorting, is now trying to do damage control and cover their backside with new rulings and co-operation with CMKX.
Because the CMKX situation will expose the SEC to serious PR damage, a major cover up will be done and any payout will be treated as merely an asset distribution, a non taxable asset distribution I might add..
Now, Tony.....what about all these rumors I hear about vast wealth and big payouts? Also, the Chinese connection?
Swather, as I just told you, CMKX is just a shell company established for the sole purpose of putting the squeeze on the naked shorts. These rumors of vast reserves in minerals and oil, a new CEO, investment and buy-out by the Chinese or any other company are all just fabricated rumors and promoted by people clinging to a fairytale story. There will be no future trading in CMKX and the company will eventually just disappear. There will be no big merger with any other company as well.
The Belgians rumors are completely out of touch with reality and are really just a fantasy.
They have said that CMKX is worth $900 trillion which is roughly 18 times all the GDP (all the goods and services produced) by ALL the countries in the world. In other words, it would take 18 years of goods and services production by all the countries in the world to equal the value the Belgians have placed on CMKX.
Also, remember, one of the Belgians claiming that CMKX found a diamond 39 inches long.
Also, the Belgians claim of paying $1.00/share for a 49% investment in CMKX and their claim that the European Central Bank is holding settlement money for shareholders is again completely out in the twilight zone.
For the Chinese to pay close to $350 billion for CMKX would equal to about 40% of all of China's foreign reserves. Most of China's foreign reserves are held in US bonds and T-Bills. Don't you really think that if China tried to convert that many bonds into US currency in order to pay the CMKX shareholders, there would be a major crisis in the US bond market? Like yes! Even if the Chinese tried to sell their US bond holdings over a period of time, it would attract a lot of attention. So, where would this money come from?
Have you heard of any mass liquidations of US bonds in the money markets lately?.....no. It is just not going to happen.
As for the Chinese investing in CMKX, what are they investing in? There is nothing in CMKX to invest in.
As for CIM, now that is a different story which will soon emerge.
As far as the ECB is concerned, it is is a central bank that only deals with member country's central banks. The ECB buys and sells T-Bills in order to maintain a fiscal policy (satisfactory money supply) adopted by member banks. It does not deal in private transactions.
Now, as for the Belgian's rumor of $.54/share settlement, no-one knows for sure so it is as good as any other price/settlement rumor given out.
Tony, what about these other so called "gurus"
Swather, those other gurus are both right and wrong. You just have to decide which one is more believable.
But let me tell you this, no-one and I mean no-one knows when the PR is coming out. The DoJ is in control, not Maheu, not UC, not the SEC but the DoJ and when they decide it is time to release it, then they will release it. Until then, no-one knows.
One last question Tony........what's with the cert pull?
Swather, the cert pull is to identify the true shareholders of CMKX. But, it's use will not be for CMKX but its real use will be to reward shareholders with CIM. So, the delay in issuing a PR is not the result of any judge's ruling or anything else connected with the cert pull.
So, swather, that's about it. At least in a simplified version. I hope it helps.
Thanks Tony, it sure has helped..........I'll catch you later...
Hey swather!
Yes Frankie.
Are you really sure you can't hook me up with one of those International Room chics?
Frankie, I warned you. You're going to find yourself at the wrong side of a fly swatter.
ok, ok, I just thought I would ask.....maybe I will go back to the International Room and bug them anyways. That could be fun.
FRANKIE!!!!!
ok, I'm out of here....see ya swather
All of this is just IMHO as best I could understand Tony the Wall Fly.....His English is hard to follow.
No, Tony is not a real person nor a talking fly and these are all my opinions only .....
Whether you agree or not, I hope you enjoyed reading it
Swather
swather
Frankie the Wall Fly....Where are you?
« Thread Started on Aug 7, 2006,
Gee, this whole CMKX thing is really getting frustrating. I think it is time to call my buddy
Frankie the Wall Fly again.
FRANKIE, ARE YOU OUT THERE? ...........CAN YOU HEAR ME?
gee, swather....stop shouting so loud. You're going to wake up all the neighbours....
oh!.......sorry. I didn't think you were in the area.
Ya!.....I was cruising some of these PalTalk chat sites for the past few days..........hey, those women in the International room are a bunch of hotties. Could you set me up with one of them?......lol..........
Frankie, the closest you will get to one of them is at the end of a fly swatter. Maybe I should have some of those Horse Flies from around Prince Albert sent down to meet you. They will teach you a lesson or two...
Oh, swather, I was just joking. And besides, those Horse Flies had my uncle Mario for lunch a year ago, so that is not funny, they are really big suckers...
Besides, why did you call me?
Ah, Frankie. I'm really getting frustrated with CMKX. I want to just move on and see all this come to and end. What is the hold-up? Are any of those rumors true?
Swather, you had better talk to my cousin Tony again. He is pretty upset though because one of his buddies froze to death in a meat packing plant. It seems that he found a nice hind quarter of beef and had a beautiful buffet. He ate too much and fell asleep just as they were moving the hind quarter into the cooler. Well, you know what happened....
Ya, Ya....just send Tony over here........
Well, Tony finally arrived Friday night.......
Swather, what do you want? Why are you disturbing me so much?
Tony, I'm sorry. I heard about your buddy and what happened to him. I just wanted to find out if there is anything new with CMKX. Why is there such a delay? Are any of these rumors true?
OK swather, sit down...........this is going to take awhile.
OK, where should we start?
OK, lets start with CMKX. Do you remember what I said about CMKX? It is just a shell company. Its only assets are the possible Entourage shares. I've seen people talking about vast reserves of oil, a great diamond find, uranium, and 30 other minerals. That is just not true. CMKX is just an empty shell and it was designed that way in order to protect the real assets of Urban Casavant. The big claims were all placed into CIM for protection and CMKX received
payment for these claims in the form of shares in CIM. These shares were subsequently passed on to the shareholders of CMKX in the form of a dividend. As I said, the reason all the good claims were moved into CIM was for protection from lawsuits, not from the small shareholders on PalTalk but from some of the so called "enemies" of CMKX who have very deep pockets. These "enemies" could do a lot of damage to CMKX from tying up CMKX
in lawsuits and court proceeding for many years, to asking the court to put a freeze on any further exploration on the land until all lawsuits are settled. After this is all over, CMKX will just disappear. As an added note......UC wanted to keep the land claims and the DoJ wanted a shell.....so CIM was born with the DoJ being the godfather you might say......
And, as far as UC facing criminal or other legal charges, the DoJ has him well protected..
Also, do you ever wonder swather about UC taking the 5th in the court proceedings. It was not to protect himself from any legal problems but to protect and stop the SEC's attorney from questioning UC about "delicate" matters, namely the involvement of others, which, unknown to the SEC, included the DoJ. So, rather than take the fifth on just the key questions, UC took the fifth on all questions so as to not tip off anyone about the involvement of the DoJ.
So, in essence UC sold all the good claims to CIM and that is where the big play will soon occur.
All CMKX shareholders will be greatly involved and rewarded with CIM when it goes public. All the minor claims were sold to Entourage Mining.
Next swather, what about the delay in having all this settled you ask.
Well, it is summer and summer brings vacations. And there are lawyers involved so you put two and two together and you come out with the fact that there are a lot of lawyers on vacation. Next, consider that there are a lot of naked shorters about to have their necks rung like a chicken. Each one of these naked shorters has to have their lawyers sign off on any agreement made between that particular naked shorter and the DoJ. If any one lawyer has not signed off, then the settlement is not complete.
There are close to 9,000 hedge funds around the world with most registered in the Cayman Islands.
If you say that only 10% of the hedge funds participated in naked shorting, you have 900 lawyers to deal with for the hedge funds alone. Now, add in the powerful US brokers like Ameritrade, add in foreign brokers like TD Waterhouse Canada, and, finally, add in the lawyers from the professional stock trading groups and you end up having to deal with close to 1000 lawyers as a minimum.
Now that is a lot of lawyers to get on side and signed off on the settlement. It just looks like the DoJ hasn't received back all the signed off agreements as yet so we just have to sit back and wait.
Can one of the lawyers be asking for a wording change? Possibly...Can anyone be trying to back-out of the agreement. Possibly......
Maheu has basically done his job, it is now up to the DoJ, with all their legal power, to close this whole operation.
Who will issue the PR.....
Only one person will issue the PR and that is Maheu's lawyer, Donald Stoecklein. There is a slim chance the DoJ may issue a PR about how they have closed in and screwed the naked shorters but there will be no reference to CMKX.
This is Robert Maheu's show and the PR will come from him via Stoecklein. It is Maheu and the DoJ calling the shots now in the final days. And, don't forget, this may come as a letter to shareholders with instructions rather than a public press release.
Any PR coming from UC at this point will be in the form of thanking shareholders for all their support over the past years and possibly a comment about the future of CIM.
Tony, what is the SEC's role?
Swather, right now you have two government agencies that don't interact with one another, the DoJ and the SEC.. This ha been a major problem for years with the Federal Government....jealousies among agencies. We saw it in 09/11 where the FBI doesn't talk to the CIA and the CIA doesn't talk to the FBI.
Well, we have it here where the SEC doesn't talk to the DoJ and the DoJ doesn't talk to the SEC. So, what we have is the SEC, seeing the tide coming regarding the exposure of naked shorting, is now trying to do damage control and cover their backside with new rulings and co-operation with CMKX.
Because the CMKX situation will expose the SEC to serious PR damage, a major cover up will be done and any payout will be treated as merely an asset distribution, a non taxable asset distribution I might add..
Now, Tony.....what about all these rumors I hear about vast wealth and big payouts? Also, the Chinese connection?
Swather, as I just told you, CMKX is just a shell company established for the sole purpose of putting the squeeze on the naked shorts. These rumors of vast reserves in minerals and oil, a new CEO, investment and buy-out by the Chinese or any other company are all just fabricated rumors and promoted by people clinging to a fairytale story. There will be no future trading in CMKX and the company will eventually just disappear. There will be no big merger with any other company as well.
The Belgians rumors are completely out of touch with reality and are really just a fantasy.
They have said that CMKX is worth $900 trillion which is roughly 18 times all the GDP (all the goods and services produced) by ALL the countries in the world. In other words, it would take 18 years of goods and services production by all the countries in the world to equal the value the Belgians have placed on CMKX.
Also, remember, one of the Belgians claiming that CMKX found a diamond 39 inches long.
Also, the Belgians claim of paying $1.00/share for a 49% investment in CMKX and their claim that the European Central Bank is holding settlement money for shareholders is again completely out in the twilight zone.
For the Chinese to pay close to $350 billion for CMKX would equal to about 40% of all of China's foreign reserves. Most of China's foreign reserves are held in US bonds and T-Bills. Don't you really think that if China tried to convert that many bonds into US currency in order to pay the CMKX shareholders, there would be a major crisis in the US bond market? Like yes! Even if the Chinese tried to sell their US bond holdings over a period of time, it would attract a lot of attention. So, where would this money come from?
Have you heard of any mass liquidations of US bonds in the money markets lately?.....no. It is just not going to happen.
As for the Chinese investing in CMKX, what are they investing in? There is nothing in CMKX to invest in.
As for CIM, now that is a different story which will soon emerge.
As far as the ECB is concerned, it is is a central bank that only deals with member country's central banks. The ECB buys and sells T-Bills in order to maintain a fiscal policy (satisfactory money supply) adopted by member banks. It does not deal in private transactions.
Now, as for the Belgian's rumor of $.54/share settlement, no-one knows for sure so it is as good as any other price/settlement rumor given out.
Tony, what about these other so called "gurus"
Swather, those other gurus are both right and wrong. You just have to decide which one is more believable.
But let me tell you this, no-one and I mean no-one knows when the PR is coming out. The DoJ is in control, not Maheu, not UC, not the SEC but the DoJ and when they decide it is time to release it, then they will release it. Until then, no-one knows.
One last question Tony........what's with the cert pull?
Swather, the cert pull is to identify the true shareholders of CMKX. But, it's use will not be for CMKX but its real use will be to reward shareholders with CIM. So, the delay in issuing a PR is not the result of any judge's ruling or anything else connected with the cert pull.
So, swather, that's about it. At least in a simplified version. I hope it helps.
Thanks Tony, it sure has helped..........I'll catch you later...
Hey swather!
Yes Frankie.
Are you really sure you can't hook me up with one of those International Room chics?
Frankie, I warned you. You're going to find yourself at the wrong side of a fly swatter.
ok, ok, I just thought I would ask.....maybe I will go back to the International Room and bug them anyways. That could be fun.
FRANKIE!!!!!
ok, I'm out of here....see ya swather
All of this is just IMHO as best I could understand Tony the Wall Fly.....His English is hard to follow.
No, Tony is not a real person nor a talking fly and these are all my opinions only .....
Whether you agree or not, I hope you enjoyed reading it
Swather