Post by imSINGLEruRICH on Jul 13, 2010 21:38:37 GMT -5
Thanks swather .... From the millionaire board
DIAMOND JEDI MASTER
Re: Opposition to Motion to Dismiss 7/12/10
From Frankie the Wall Fly.....April 23, 2006
What is really happening
« Thread Started on Apr 23, 2006, 2:48am
After talking to a few of my friends on how nice it would be to be a "fly on the wall" in Bob Maheu's office and find out what is really happening to CMKX. So, I decided to call a friend of mine "Frankie the wall fly". Frankie and I go a long way back......
Frankie, how are you doing man?
Hey, swather, what's up?
Frankie, I need a favour. Find out what is going on with CMKX.
Ah, swather, I can't. It is really hush, hush. But, I hear it is really big.
Frankie, ya, ya, I've heard that already. You owe me one ever since I scraped you off the fly swatter and nursed you back to health.
Ok, ok....I'll give my buddy, Tony the Fly a call. He moved to Washington after we were buddies hanging out around the pizza parlors in Brooklyn. He fell for all those SEC lawyer chicks in Washington.
Two weeks later, Tony called me. I hear you are interested in CMKX?
Yes, I said anxiously.
Well, sit down and listen......here is the whole story.
Several years ago, around 2001 I believe, The DoJ, Dept. of Justice, were completely pissed off at what was going on with the naked shorting in the markets and the subsequent theft from the financial markets of trillions of dollars. They knew these naked shorters ranged from large off-shore hedge funds to small groups of wealthy traders selling though brokers located outside the country in places such as Canada. Also, some of the major Wall St. brokers were carrying on massive naked shorting operations. It was massive fraud being carried on right under the nose of the SEC, DTCC, US Gov't officials, and Congress.
The DoJ wanted something done but they were not sure of the best way to get it done. It had to be done very quietly but efficiently.
The DoJ decided to call in Bob Maheu, probably the most experienced individual there was who could carry out such an operation.....the recovery of $trillions.
Many meetings were held with Bob Maheu until it was finally decided he would have complete control over the operation.
Bob went to his colleagues and discussed how they should put together this operation. It was decided that the only possible way they could recover all this money and not risk financial ruin nor loss of confidence in the market was to put together a good old fashion sting operation.
Impossible said his partners. Listen replied Bob. If we had a company that could attract a lot of buyers and naked short sellers at the same time, we could pull this off. It would be beautiful.
Again, impossible they said. We would need a company with billions of shares outstanding and the only companies that have that many o/s are worthless pink sheet companies, not companies of any value. Also, we would need a company with such a hot product that it would attract thousands of buyers in order to attract the naked shorters at the same time. It just doesn't happen. There is no company out there that meets all this criteria. Meeting ends with no decision.
A few weeks later, Maheu runs into his distant relative Urban Casavant. Urban tells Maheu that he is in Vegas trying to buy out a shell company. Urban explains about all these diamond claims he now controls in the Fort A La Corne area of Saskatchewan which is now the hottest diamond field in the world.
Maheu is overwhelmed and light bulbs are flashing in his head. Is this what he has been looking for?
Maheu sets up a meeting with Urban at his office with all his partners. They explain to Urban about what the DoJ wants and how Maheu has a free hand in carrying out the project. After a few weeks, Urban meets with Maheu and agrees to go along under certain conditions. Not only must Urban make a lot of money, but he wants his family and close friends to make money also. Urban is worried that all the money that can be made off the diamonds may be lost in this DoJ operation.
Maheu assures Urban that everyone will make millions in the end because they are going after $trillions. The agreement is made. Why did Maheu go after Urban's shell?
1/ potentially billions and even trillions of shares could be traded since it was a shell pink sheet stock.
2/ with the diamonds, properly promoted and with the FALC area becoming a hot area, it could attract thousands of buyers to the stock....something that was very important in order to get the number of traded shares thus naked short shares up into the billions and hopefully trillions.
3/ the stock could easily be shown to be a classic "pump and dump". This was important in order to attract the naked short sellers who hit the "pump and dumps" very hard.
With the agreement now in place, it is time to begin the "sting operation". But first, UC wanted to make sure everything was in place share wise. In the early months of 2003, Urban had the printing presses going and issued billions of shares to his close family, distant relatives, close friends, not so close friends, business friends, and anyone else that may have met him. Everthing was now ready to go.
Bob Maheu along with Urban's help was now ready for the operation to go into full swing.....he needed pumpers to spread the word on the chat sites and on RB. CMKX even acquired an IR person who hit the airwaves as well as the chat sites. The pump was on.
Next, Maheu felt that more visibility was required for those not on computers could see the company name. But what was the best method....newspaper ads, too expensive. NASCAR, to expensive and name not shown large enough. golf, tennis or any other sporting event, not satisfactory. Drag racing....hmmmm. It would allow for a cheap sponsorship in comparison, allow Urban to hang out with the car and shareholders, it would allow selected pumpers to hang out and disperse the "latest rumors".
The pump was on and the buyers were buying and the naked shorts were selling. Everything was shaping up.
The next move was to bring on one of the best people in securities law to set up the closure. Maheu brought in Roger Glenn to set the traps. First of all, he fed the naked shorts some more food to chew on by having Urban issue, in Aug/2004, 300 billion more shares. The naked shorts were being sucked in up to their eyeballs thinking this was a classic "pump and dump".
Aug., 2004.......a policy meeting with the DoJ had to be arranged but it had to be at a location where DoJ, Maheu, Roger Glenn, and supporting officials could not be identified.....Saskatoon, Saskatchewan was selected as the meeting place. A strategy was adopted for closing the noose.
1/ dividends of shares CMKX held in other companies would be given out to shareholders.
2/ a policy of non conforming with SEC rules would be adopted forcing the SEC lawyers to seek a revoking of CMKX's registration. This had to happen in order to lock the naked shorts into their position. They could not be allowed to escape through market action. Maheu was out for blood.
3/ Since the SEC and the DTCC were no involved with the DoJ (except, possibly, at the very top levels of the SEC), all actions of the company must make it appear to be a classic "pump & dump". This included the not issuing of any news or any SEC filings. Maheu wanted the appearance of a full fledged scam taking place.
However, shareholders have been getting restless because of the lack of news. Maheu could not explain what is going on for fear of tipping their hand. He could not give good news for fear of having naked shorters back off and he didn't want to give shareholders bad news for fear of losing the needed buying pressure required for the naked shorter's selling. A party was held in Oct/04 hoping to raise spirits. The opposite happened with a lot more questions being asked.
The old pumpers UC used were losing their effectiveness. 2005 was a year of "turmoil" for the company where bashers were coming on strong. The pumping at the drag races was losing its effect. A new pumper was hired to hit the chat sites and try to keep the shareholders calm. The new pumper was able to keep some spirits high while others just got more upset. Maheu needed to get the closure part of the sting underway.
2005, the SEC goes to court and begins the revocation process, just what Maheu was looking for. In the end, Maheu request revocation closing the book on the naked shorts.
Now, the negotiations. With the DoJ along side, Maheu has some power behind him.......
But Tony, what about these ridiculous numbers I have heard for a settlement?
Well swather, lets put it this way.....there is one hedge fund located in the Cayman Islands that controls over $1 trillion in assets. That one alone has a lot of cash available to it and there are several thousand hedge funds out there let alone the large brokerage firms that carried out a policy of naked shorting. Yes, there is a lot of money out there......Just wait, the end is now near.
Thanks Tony (the wall fly)
not proof read....hope it reads ok
April 23, 2006
DIAMOND JEDI MASTER
Re: Opposition to Motion to Dismiss 7/12/10
From Frankie the Wall Fly.....April 23, 2006
What is really happening
« Thread Started on Apr 23, 2006, 2:48am
After talking to a few of my friends on how nice it would be to be a "fly on the wall" in Bob Maheu's office and find out what is really happening to CMKX. So, I decided to call a friend of mine "Frankie the wall fly". Frankie and I go a long way back......
Frankie, how are you doing man?
Hey, swather, what's up?
Frankie, I need a favour. Find out what is going on with CMKX.
Ah, swather, I can't. It is really hush, hush. But, I hear it is really big.
Frankie, ya, ya, I've heard that already. You owe me one ever since I scraped you off the fly swatter and nursed you back to health.
Ok, ok....I'll give my buddy, Tony the Fly a call. He moved to Washington after we were buddies hanging out around the pizza parlors in Brooklyn. He fell for all those SEC lawyer chicks in Washington.
Two weeks later, Tony called me. I hear you are interested in CMKX?
Yes, I said anxiously.
Well, sit down and listen......here is the whole story.
Several years ago, around 2001 I believe, The DoJ, Dept. of Justice, were completely pissed off at what was going on with the naked shorting in the markets and the subsequent theft from the financial markets of trillions of dollars. They knew these naked shorters ranged from large off-shore hedge funds to small groups of wealthy traders selling though brokers located outside the country in places such as Canada. Also, some of the major Wall St. brokers were carrying on massive naked shorting operations. It was massive fraud being carried on right under the nose of the SEC, DTCC, US Gov't officials, and Congress.
The DoJ wanted something done but they were not sure of the best way to get it done. It had to be done very quietly but efficiently.
The DoJ decided to call in Bob Maheu, probably the most experienced individual there was who could carry out such an operation.....the recovery of $trillions.
Many meetings were held with Bob Maheu until it was finally decided he would have complete control over the operation.
Bob went to his colleagues and discussed how they should put together this operation. It was decided that the only possible way they could recover all this money and not risk financial ruin nor loss of confidence in the market was to put together a good old fashion sting operation.
Impossible said his partners. Listen replied Bob. If we had a company that could attract a lot of buyers and naked short sellers at the same time, we could pull this off. It would be beautiful.
Again, impossible they said. We would need a company with billions of shares outstanding and the only companies that have that many o/s are worthless pink sheet companies, not companies of any value. Also, we would need a company with such a hot product that it would attract thousands of buyers in order to attract the naked shorters at the same time. It just doesn't happen. There is no company out there that meets all this criteria. Meeting ends with no decision.
A few weeks later, Maheu runs into his distant relative Urban Casavant. Urban tells Maheu that he is in Vegas trying to buy out a shell company. Urban explains about all these diamond claims he now controls in the Fort A La Corne area of Saskatchewan which is now the hottest diamond field in the world.
Maheu is overwhelmed and light bulbs are flashing in his head. Is this what he has been looking for?
Maheu sets up a meeting with Urban at his office with all his partners. They explain to Urban about what the DoJ wants and how Maheu has a free hand in carrying out the project. After a few weeks, Urban meets with Maheu and agrees to go along under certain conditions. Not only must Urban make a lot of money, but he wants his family and close friends to make money also. Urban is worried that all the money that can be made off the diamonds may be lost in this DoJ operation.
Maheu assures Urban that everyone will make millions in the end because they are going after $trillions. The agreement is made. Why did Maheu go after Urban's shell?
1/ potentially billions and even trillions of shares could be traded since it was a shell pink sheet stock.
2/ with the diamonds, properly promoted and with the FALC area becoming a hot area, it could attract thousands of buyers to the stock....something that was very important in order to get the number of traded shares thus naked short shares up into the billions and hopefully trillions.
3/ the stock could easily be shown to be a classic "pump and dump". This was important in order to attract the naked short sellers who hit the "pump and dumps" very hard.
With the agreement now in place, it is time to begin the "sting operation". But first, UC wanted to make sure everything was in place share wise. In the early months of 2003, Urban had the printing presses going and issued billions of shares to his close family, distant relatives, close friends, not so close friends, business friends, and anyone else that may have met him. Everthing was now ready to go.
Bob Maheu along with Urban's help was now ready for the operation to go into full swing.....he needed pumpers to spread the word on the chat sites and on RB. CMKX even acquired an IR person who hit the airwaves as well as the chat sites. The pump was on.
Next, Maheu felt that more visibility was required for those not on computers could see the company name. But what was the best method....newspaper ads, too expensive. NASCAR, to expensive and name not shown large enough. golf, tennis or any other sporting event, not satisfactory. Drag racing....hmmmm. It would allow for a cheap sponsorship in comparison, allow Urban to hang out with the car and shareholders, it would allow selected pumpers to hang out and disperse the "latest rumors".
The pump was on and the buyers were buying and the naked shorts were selling. Everything was shaping up.
The next move was to bring on one of the best people in securities law to set up the closure. Maheu brought in Roger Glenn to set the traps. First of all, he fed the naked shorts some more food to chew on by having Urban issue, in Aug/2004, 300 billion more shares. The naked shorts were being sucked in up to their eyeballs thinking this was a classic "pump and dump".
Aug., 2004.......a policy meeting with the DoJ had to be arranged but it had to be at a location where DoJ, Maheu, Roger Glenn, and supporting officials could not be identified.....Saskatoon, Saskatchewan was selected as the meeting place. A strategy was adopted for closing the noose.
1/ dividends of shares CMKX held in other companies would be given out to shareholders.
2/ a policy of non conforming with SEC rules would be adopted forcing the SEC lawyers to seek a revoking of CMKX's registration. This had to happen in order to lock the naked shorts into their position. They could not be allowed to escape through market action. Maheu was out for blood.
3/ Since the SEC and the DTCC were no involved with the DoJ (except, possibly, at the very top levels of the SEC), all actions of the company must make it appear to be a classic "pump & dump". This included the not issuing of any news or any SEC filings. Maheu wanted the appearance of a full fledged scam taking place.
However, shareholders have been getting restless because of the lack of news. Maheu could not explain what is going on for fear of tipping their hand. He could not give good news for fear of having naked shorters back off and he didn't want to give shareholders bad news for fear of losing the needed buying pressure required for the naked shorter's selling. A party was held in Oct/04 hoping to raise spirits. The opposite happened with a lot more questions being asked.
The old pumpers UC used were losing their effectiveness. 2005 was a year of "turmoil" for the company where bashers were coming on strong. The pumping at the drag races was losing its effect. A new pumper was hired to hit the chat sites and try to keep the shareholders calm. The new pumper was able to keep some spirits high while others just got more upset. Maheu needed to get the closure part of the sting underway.
2005, the SEC goes to court and begins the revocation process, just what Maheu was looking for. In the end, Maheu request revocation closing the book on the naked shorts.
Now, the negotiations. With the DoJ along side, Maheu has some power behind him.......
But Tony, what about these ridiculous numbers I have heard for a settlement?
Well swather, lets put it this way.....there is one hedge fund located in the Cayman Islands that controls over $1 trillion in assets. That one alone has a lot of cash available to it and there are several thousand hedge funds out there let alone the large brokerage firms that carried out a policy of naked shorting. Yes, there is a lot of money out there......Just wait, the end is now near.
Thanks Tony (the wall fly)
not proof read....hope it reads ok
April 23, 2006
