Author Topic: Resignation Letter Corroborates my Articles cmkminfo
Joined: Aug 2011
Gender: Male
Posts: 23
Resignation Letter Corroborates my Articles
« Thread Started Today at 7:42pm »
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I commend Stan Polsom for his honesty in his resignation letter, thereby making him possibly the only honest person who has ever been part of the CMKM Diamonds, Inc., management.
Stan Polsom’s resignation letter, one of the most revealing and pertinent documents I have ever read pertaining to CMKM Diamonds, Inc., substantiates what I wrote in my article entitled -- “The SEC Appears to Be Colluding with the Management of CMKM Diamonds, Inc.” -- that was published in OpEdNews, and in my article entitled -- "Welcome to CMKM Diamonds, Inc.,: A Disturbing Tale of Flip-Flops, Expediency, Illegal Agreements, and Ongoing Fraud" -- that I posted in this forum.
tfant53.proboards.com/index.cgi?a....ead=6964&page=1www.opednews.com/articles/The-SEC....120110-576.htmlSpecifically, the following excerpts from Polsom’s resignation letter --
"Secondly, our Tyler group (including legals) appear to approach each case as if it was their personal case."
"...take out 40 percent for legal costs..."
"...five million up to 70 million dollars as expected settlements." --
corroborates the following excerpt from both of my said articles:
"...and ultimately split Bill Frizzell’s contingency fees if those default judgments are collectible (potentially tens of millions of dollars."
Because I have been exposing the malfeasance of the CMKM management for years, Polsom’s resignation letter is no surprise to me and should be no surprise to CMKM shareholders who are awake; but I can count the number of CMKM shareholders who are awake on the fingers of one hand and still have fingers left over.
See my exposes on the CMKM Information Web Site for proof of the CMKM management’s malfeasance:
cmkx.info/Furthermore, the following excerpt from Polsom’s resignation letter corroborates what I have been writing and saying behind the scenes for years:
Bill Frizzell (Fizzle) is a run-of-the-mill ambulance chaser who would have a difficult time getting a speeding ticket reduced to a parking ticket.
"The Roger Glenn case is a good example. After sitting through every minute of the trial, my conclusion was that we were ill-prepared and too quick to assume that the documents we had were going to win the day. Our witnesses were ill-prepared, while their witnesses were well rehearsed in how they were to present their evidence. Our expert witnesses came off as weak and without strong knowledge of the rules and regulations regarding the stock market. On the other hand, their witnesses appeared to be well rehearsed and were prompted by their attorney at the right time and with the right questions, so that what they had to say was totally devastating to our case. Our cross-examination was weak and without direction, consequently the verdict went against us. To give you an example, rarely did we "object" to the evidence and statements offered by the other side. However, there were many objections by the other side that forced us to stop our line of questioning because the objection was upheld by the judge. Again, we appeared weak and indecisive."
In plain English, the complaint against D. Roger Glenn, Civil Case No. A-540161, would have been a slam-dunk for any competent attorney.
Therefore DRG was confident before the trial, not because he was innocent, but because he knew Fizzle was in over his head.
The investors who funded Fizzle were obviously so blinded by their potentially splitting tens of millions of dollars in contingency fees if Fizzle won the cases, they overlooked the incompetency of Fizzle.
Bad move!
Poetic justice!
The following excerpts from Polsom’s resignation letter pertain to the Wells Fargo case:
"The pending of Well Fargo case only confirms that there will be little or nothing in the form of shareholder equity. Already I have heard of varying amounts from five million up to 70 million dollars as expected settlements. Whatever the amount is, by the time you take out 40 percent for legal costs, probably another 10 percent for special costs, office expense, interest on loans, salaries, etc., what will be left to share amongst the 690 billion shares? Again, thought it may appear to be a sure thing, as in the Roger Glenn case, we may be running up high bills with no guarantee of return."
If Fizzle was in over his head in the DRG case, he will be lying motionless at the bottom of the Pacific Ocean in the Wells Fargo case – in other words, the Wells Fargo case will not be a pretty sight.
I am going to add Stan Polsom’s resignation letter to Complaint, Report #116066995, that I filed on 1-5-12 with the Office of the Inspector General against the SEC and its malfeasant SEC Attorneys for their colluding with the management of CMKM.
Stan Polsom, thank you for your resignation letter – I am putting it to good use.
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