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Post by soonerlew on Dec 20, 2007 7:38:08 GMT -5
pennypauly GC Mod
Re: Gossip Column 12/19/07 « Reply #11 on Yesterday at 11:47pm »
-------------------------------------------------------------------------------- By: abadgoodgirl 19 Dec 2007, 11:33 PM EST Msg. 635217 of 635218 Jump to msg. #
In the Entourage Contract filed with the SEC:
4.4 Entourage agrees that it will, subject to section 4.3 above, make any and all reasonable efforts to facilitate the Trustee’s distribution of the Shares to the CMKM Shareholders.
The CMKX stockholders should rally together and plead for ETGMF to help us and find out if the US Government's SEC office is engaged in criminal operations to prohibit the distribution of the ETGMF shares.
We are fortunate. Given that we know the 1976 laws were violated by the SEC during war time, the SEC and those responsible, may be liable criminally for perpetuating illegal lending of non-existent shares.
We are in posession of corroborative evidence that proves the SEC knew trades were being settled without being matched automatically. Jill Considine knew, Secretary Katz knew, Donaldson knew, Senators knew... they knew they were in oversight of a fractional securities system.
The Canadian government, with the power of its resources behind it, can help remove the corruption in our government that oversees the US Capital markets, so that the rule of law can be restored in the US Capital Markets and all companies trading in the United States on US exchanges can be protected from the rampant fraud our government apparently allows.
Is my memory off? Wasn't there a phone call from a Congressman made to the SEC that ordered and end to Mark Aguirre's investigation of insider trading against John Mack? Wasn't Mr. Aguirre then sabotaged, his reputation maligned and then he was fired over this 'cover up'?
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Post by hundredtoone on Dec 20, 2007 9:15:16 GMT -5
cmkxdiamond.proboards66.com/index.cgi?board=general1&action=display&thread=1198118413tec1958 Global Moderator Pretty good ACCA damage report « Thread Started on Today at 6:40pm » -------------------------------------------------------------------------------- By: mclt_jing 19 Dec 2007, 09:24 PM EST Msg. 635187 of 635188 Jump to msg. # Acca damage report: 12-19-07 Good evening, ladies and gentlemen. Forgive the late report as I believe I am a few weeks overdue, but I have been busy. I am here for the bi-weekly Acca damage report. Please understand that by reporting on Acca, I do not in any manner, giving less credit for damage to people by the Paltalk International Room administrators, such as Ines, who have made a tidy financial benefit from Acca being in her room so she protects his lies and continually harm more innocent people. Ines employing Acca? The rumor has been uttered and if it is proven true, I would not want to be Ines or Acca. I hear Delidog's deposition showed that Delidog sang like a birdie and named lots of names. If people do not get paid soon, I would not want to be him either. Let us see who are some of the damaged to report on this time? 1. I have recently visited with one shareholder who, at least in part based upon Acca's lies, bought about $40,000.00 of CMKX from Delidog. Of course, Deli making the claim that his source (implied it was Urban) said that there would be a 2 cent dividend accounced within 3 months (about 1 year ago), helped him in his decision. However, it was Acca who got him on that road to financial death. Who is this person? Well, this person is somone who was provided this money as a chance to go back to college and finish up a college degree. Thanks to "THE AC" and his pumping pals, this person may not ever get the chance again. 2. Rumor has it another divorce is on the horizon due to the financial damage to the marriage that was caused by purchasing shares on "THE AC's" great recomendations and all the emotional damage of an ongoing rollercoaster ride of promises and then nothing - CONGRATS TO "THE AC" and his cronies for contributing to the breaking up another marriage! I believe this must be at least 50 families that you boys contributed in destroying. Remember, "What God has brought together, let no man put asunder." I would imagine that you guys must have gotten the award of "Satan's Heros of the Month" in he11 by now. I am sure you will be permitted to hang it on the wall when you get there. 3. Word has it that a good friend, having a successful business venture before getting misled by "THE AC," let the business slip and lost it, so he had to take a labor job at age 58. Now, although he is trying to keep up in the painful tasks of his job, and having difficulties competing with men of younger years, he is still behind the 8-ball financially due to all his money going to buying shares at the direction of "THE AC.". Now, he may get laid off and is in danger of losing his home. He has a couple words he asked me to tell "THE AC," but I can not print them on RB. 4. I also have a contact who is living abroad and spent precious funds on CMKX based upon "THE AC's" claim that he was the grandson of Robert Maheu, implying that he was getting info directly from Maheu. Yes, I remember "THE AC" saying, "I am so proud of granpa." LOL! This person was going to build a house for his new family in Thailand, but he lost the money on CMKX due to "THE AC" and his promises and representations. Now, he lives with the painful reminder of Ines and "The AC's" scams as he shares his house, and even his bedroom, with members of the extended family he intended to build a house for. Of course, the promise to build them the house, and the subsequent failure due to relying upon "THE AC," also cause the family great sadness and disappointment. All that can be said is "CONGRATS AC" - you are truly an international player now. You and Ines propagated "THE AC" quackery on the boards and you have not only screwed your fellow Americans, but you have reached across the "Big Pond" to screw innocent strangers from other lands. Quite an accomplishment indeed! Your mother must be so very proud (I'm glad your mom is for I guess your kids wouldn't be since daddy won't give them any support out of the $200,000 income Urbal allegedly paid you). 5. And then there is the military family I have become aware of. The husband is a 3-timer in Iraq and when on leave here, he listened to "THE AC" and bought into CMKX with the family reserve money. Now, with the military salary barely making ends meet, "THE AC" has guided them towardsfinancial depletion with the family living on the edge of poverty and unable to use the money that was to be spent on a home. Everyday, there is hope that more and more people will break free of the Acca and Ines-related chains of deceit and start once again to live free lives. They are waking up all over the world to the secret little pacts of Acca coming into the room to lie so the shares could be sold and the room can solicit donations, that Ines never provides an accounting for, as Ines insures no dissention is ever allowed with her ever-present and unethical use of the "ban-box" button. Hopefully, more people will continue to break free of their bonds of deceit, emotional and intellectual slavery. ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=635187 I don't believe ACCA misled anyone any worse than KW or BF when they were saying we PROVED a HUGE NS...IMO...in fact I held on the belief I had NSS and wanted to prove SHORTY did it...but I don't blame KW/BF/ACCA/PRs/UC or anyone else for my purchase...it was GREED that drove me to HOLD...I could have sold for .0002 and so could everyone else...I made the decision and it was due to MY DD that seemed to show some really good CLAIMS...CORES...OIL...URANIUM...so I don't even blame MYSELF...I realize in this market ESPECIALLY the pinks...there are no GUARANTEES and NEVER believe a word you hear from ANYONE...those lessons have been very VALUABLE to me and CMKX helped me decide not to buy pinks anymore along with how the REGULATORS REGULATE...WORTH CRAP...so really this experience has taught me a LOT...it kills me when anyone blames a person like ACCA...who no doubt misled people along with about a dozen OTHERS...BF among them...IMO...Flying Moose(cmkxunofficial)
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Post by johnjrambothe2nd on Dec 20, 2007 10:03:13 GMT -5
cmkxdiamond.proboards66.com/index.cgi?board=general1&action=display&thread=1198118413tec1958 Global Moderator Pretty good ACCA damage report « Thread Started on Today at 6:40pm » -------------------------------------------------------------------------------- By: mclt_jing 19 Dec 2007, 09:24 PM EST Msg. 635187 of 635188 Jump to msg. # Acca damage report: 12-19-07 Good evening, ladies and gentlemen. Forgive the late report as I believe I am a few weeks overdue, but I have been busy. I am here for the bi-weekly Acca damage report. Please understand that by reporting on Acca, I do not in any manner, giving less credit for damage to people by the Paltalk International Room administrators, such as Ines, who have made a tidy financial benefit from Acca being in her room so she protects his lies and continually harm more innocent people. Ines employing Acca? The rumor has been uttered and if it is proven true, I would not want to be Ines or Acca. I hear Delidog's deposition showed that Delidog sang like a birdie and named lots of names. If people do not get paid soon, I would not want to be him either. Let us see who are some of the damaged to report on this time? 1. I have recently visited with one shareholder who, at least in part based upon Acca's lies, bought about $40,000.00 of CMKX from Delidog. Of course, Deli making the claim that his source (implied it was Urban) said that there would be a 2 cent dividend accounced within 3 months (about 1 year ago), helped him in his decision. However, it was Acca who got him on that road to financial death. Who is this person? Well, this person is somone who was provided this money as a chance to go back to college and finish up a college degree. Thanks to "THE AC" and his pumping pals, this person may not ever get the chance again. 2. Rumor has it another divorce is on the horizon due to the financial damage to the marriage that was caused by purchasing shares on "THE AC's" great recomendations and all the emotional damage of an ongoing rollercoaster ride of promises and then nothing - CONGRATS TO "THE AC" and his cronies for contributing to the breaking up another marriage! I believe this must be at least 50 families that you boys contributed in destroying. Remember, "What God has brought together, let no man put asunder." I would imagine that you guys must have gotten the award of "Satan's Heros of the Month" in he11 by now. I am sure you will be permitted to hang it on the wall when you get there. 3. Word has it that a good friend, having a successful business venture before getting misled by "THE AC," let the business slip and lost it, so he had to take a labor job at age 58. Now, although he is trying to keep up in the painful tasks of his job, and having difficulties competing with men of younger years, he is still behind the 8-ball financially due to all his money going to buying shares at the direction of "THE AC.". Now, he may get laid off and is in danger of losing his home. He has a couple words he asked me to tell "THE AC," but I can not print them on RB. 4. I also have a contact who is living abroad and spent precious funds on CMKX based upon "THE AC's" claim that he was the grandson of Robert Maheu, implying that he was getting info directly from Maheu. Yes, I remember "THE AC" saying, "I am so proud of granpa." LOL! This person was going to build a house for his new family in Thailand, but he lost the money on CMKX due to "THE AC" and his promises and representations. Now, he lives with the painful reminder of Ines and "The AC's" scams as he shares his house, and even his bedroom, with members of the extended family he intended to build a house for. Of course, the promise to build them the house, and the subsequent failure due to relying upon "THE AC," also cause the family great sadness and disappointment. All that can be said is "CONGRATS AC" - you are truly an international player now. You and Ines propagated "THE AC" quackery on the boards and you have not only screwed your fellow Americans, but you have reached across the "Big Pond" to screw innocent strangers from other lands. Quite an accomplishment indeed! Your mother must be so very proud (I'm glad your mom is for I guess your kids wouldn't be since daddy won't give them any support out of the $200,000 income Urbal allegedly paid you). 5. And then there is the military family I have become aware of. The husband is a 3-timer in Iraq and when on leave here, he listened to "THE AC" and bought into CMKX with the family reserve money. Now, with the military salary barely making ends meet, "THE AC" has guided them towardsfinancial depletion with the family living on the edge of poverty and unable to use the money that was to be spent on a home. Everyday, there is hope that more and more people will break free of the Acca and Ines-related chains of deceit and start once again to live free lives. They are waking up all over the world to the secret little pacts of Acca coming into the room to lie so the shares could be sold and the room can solicit donations, that Ines never provides an accounting for, as Ines insures no dissention is ever allowed with her ever-present and unethical use of the "ban-box" button. Hopefully, more people will continue to break free of their bonds of deceit, emotional and intellectual slavery. ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=635187 I don't believe ACCA misled anyone any worse than KW or BF when they were saying we PROVED a HUGE NS...IMO...in fact I held on the belief I had NSS and wanted to prove SHORTY did it...but I don't blame KW/BF/ACCA/PRs/UC or anyone else for my purchase...it was GREED that drove me to HOLD...I could have sold for .0002 and so could everyone else...I made the decision and it was due to MY DD that seemed to show some really good CLAIMS...CORES...OIL...URANIUM...so I don't even blame MYSELF...I realize in this market ESPECIALLY the pinks...there are no GUARANTEES and NEVER believe a word you hear from ANYONE...those lessons have been very VALUABLE to me and CMKX helped me decide not to buy pinks anymore along with how the REGULATORS REGULATE...WORTH CRAP...so really this experience has taught me a LOT...it kills me when anyone blames a person like ACCA...who no doubt misled people along with about a dozen OTHERS...BF among them...IMO...Flying Moose(cmkxunofficial) If a few people were misled by acca, a few 10,000 people were misled by 1- UC and his family, 2-UC.s big name enablers: D Roger Glenn, Mahue and Stoecklein. 3-His prostitutes namely his IR crew of Melvin and Andy who would do or say anything for a buck.
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Post by Ed Jagacki on Dec 20, 2007 10:26:38 GMT -5
Johnjr:
We are of like mind.
I think Acca, who claims to be well-paid, but facts show that he will NOT feed his children, is beneath pond-scum. But, I wouldn't blame him, the belgians, tramp, mike777 (aka Tigerpaw) for my decision to buy and buy more and buy still more (and, in the meantime, bypass an opportunity to lock in $$$ during the runup to .0012).
If my dd, was primarily the rantings of msg board pumpers (and I admit, it was), then those that knew they were lying are terrible human beings - but it's still nobody's fault but my own.
Now, officials of the company, on the other hand, is a different story. They should, and must, be held accountable for what they say, and what they infer... whether owners, management, employees, consultants, etc.
If they speak in an official capacity, then they should be held accountable, whether their comments are found in a PR - or uttered at a NASCAR welcome pit...
...and yes, 100-to-1, this will ultimately apply to Kevin and Bill, as well.
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Post by soonerlew on Dec 20, 2007 10:42:03 GMT -5
sandi66 Global Moderator D.D. Specialist www.investigatethesec.com/ down « Thread Started on Yesterday at 1:57pm » -------------------------------------------------------------------------------- From: a-hole 12/20/2007 5:57:19 AM 1 Recommendation Read Replies (1) of 101952 Dave Patch asked me to post this message. To all here, First and foremost, I see that you have a new poster on the site…none other than that convicted shill Sam Antar. Gee what a surprise. Tony the crook welcoming Sam the crook over to his site to spew false and misleading garbage in attempts to manipulate a stock. Sounds eerily familiar to a web site message board of long ago. LMAO I was informed that Floyd and others here wanted to know why my site was taken down. Well to disappoint the morons here, it had nothing sinister to it. No threats, no lawsuits, no UFO’s. 1.) The site was called investigatethesec.com and guess what, they are clearly being investigated. Several GAO investigations have looked into the SEC recently regarding their conflicts with hedge funds and issues regarding inadequate tools to investigate and enforce market manipulation and insider trading. I guess I was ahead of the curve was I not? The site was frequently hit by the members of Congress with several hits from the Senate Sergeant at Arms not that long ago. So….the site was a success after all thank you very much. 2.) The site focused on short sale reforms and inadequate regulations. Since the site went live Regulation SHO was not only created but modified. Additional changes are before the SEC today. With evidence on the frequency in which the SEC hit the site I would like to say they listened to what we had to say. Amazingly I was talking to a lawyer a week or so ago and he had been in discussions with a former NASD attorney now working the private sector. That NASD attorney mentioned my name specifically and how I had fostered changing views at the NASD. Again, that makes the site a success. 3.) Due to a lack of new news to report the site was losing viewer ship. With the infrequency in stories and updates there was no reason to visit the site as it was not an interactive (blog) site. The site took a lot to maintain and with fewer and fewer signing on it seemed to have reached its point of diminishing returns. There are now many talking about the subject and many with a broader forum than the site. Again, I call it a success that I was a frontrunner on this. For the record, Viewer ship had previously included Congress, USPS, Homeland Security, FBI, Treasury, IRS, and many other state and government agencies. I even had hits from the US Prison systems (Tony was that you?) So trust me when I say I have not gone away or that I plan on slowing down my efforts to expose the corruption you all try to cover-up and excuse. I am just changing my methods. You may see some Stockgate Articles here and there but the distribution will be slightly different. I have my own mailings and they will most certainly show up elsewhere as well. To Tony I can only say what I have stated many times before, you are a crook and a coward and it appalls me that the feds continue to give you access to such mediums as this after you abused such to steal from others. I actually have a forthcoming story on that one. Even talking about how SI tried to throw your butt off the site until they crumbled under the pleas of the “team of crooks” you have assembled here. To SI Bob and Dave, shame on you both. SI has clearly become that facilitator of fraud and that cannot be denied. You have provided access to a convicted criminal to moderate a board on the financial markets when that same criminal was convicted for manipulating stocks through a web site board. You have provided Elgindy with access to the tools he used previously for illegal reasons. It is like you gave a pedophile access to the school grounds during recess. Best to y’all Patchie siliconinvestor.advfn.com/readmsg.aspx?msgid=24149886_______________________________ Investigatethesec.com The site is now inactive. We've accomplished our goals. Our thanks goes out to everyone for your support during these past four years. Dave, Judy, Marc, David _________________________ We decided to take the site down. Thanks everyone for your support during all these years Dave, Judy, Marc, David www.investigatethesec.com/ « Last Edit: Today at 9:35am by sandi66 » camrhon.proboards102.com/index.cgi?board=safe&action=display&thread=1198090674jcline vegas member SEC/NSS Reform Watchdog Re: www.investigatethesec.com/ down « Reply #2 on Today at 10:34am » -------------------------------------------------------------------------------- Bashers now have to look over their shoulders..behind... and from left and right to know where we are coming from. SEC Investigations GAO Investigations Dateline Bloomberg "Phantom Trading" (Emmy nominated) NASD 3370, Changed views by regulators Reg SHO + amendments NASAA Forums Viewership from Congress, USPS, Homeland Security, FBI, Treasury, IRS, and many other state and government agencies. ****forthcoming story Yes.. total success! Enjoy your day bashers
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Post by soonerlew on Dec 20, 2007 10:52:34 GMT -5
From millionaires.........................
By: jay_adobe 20 Dec 2007, 10:14 AM EST Msg. 635252 of 635252 Jump to msg. #
As the naysayers attempt to drag you down to their level, remember why you invested here in the first place. Remember the benevolence of the team prior, at, during, and after the races. Remember the hospital bills that vanished. Remember a million millionaires; a hug to a child; a legacy stock; the richest land on the face of the earth. Times are tough right now as there are those who wish to highlight items with no explanation and try to make them negative. Cashing a check is not a negative event; but if there was a story provided with the visual, it might explain what one sees. Hang in there. Remain steadfast and confident. I believe we are in good hands. I believe we have always been in good hands; but then again, I re-read the old PRs too, which is where I get a lot of my belief in where we are headed. All IMO.
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Post by imSINGLEruRICH on Dec 20, 2007 14:28:37 GMT -5
from the Clubhouse.....
Re: In the latest PR ... Kevin said............. « Reply #4 on Yesterday at 7:49pm »
Yesterday at 7:35pm, kibert79 wrote: Kevin's last "Press Release" was back on May 2nd. These "unofficial" updates are nothing more than that........UNOFFICIAL UPDATES. They could say or infer anything that the CEO wants them to without being an OFFICIAL Press Release. THERE'S A BIG DIFFERENCE.
BasicInstinct DIAMOND JEDI MASTER Interesting... So are we only to take what was said in this update with a grain of stuffium?
Or is what IBM said in the "Real" PR's the real deal? I'm still blown away by what IBM said in PR's and where we are today... however where we are today may not be a bad place.... Might just be a part of the process we had to go through..... I remember when we heard nothing for months and then the company thanked us for enduring the long quiet period that had to take place while they complied with regulatory issues... we did not know we were in a quiet period taking care of business until after the fact.... hope this is where we are now also.
Basic..............
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Post by soonerlew on Dec 20, 2007 14:32:25 GMT -5
By: waterdog85 20 Dec 2007, 10:20 AM EST Msg. 635257 of 635284 (This msg. is a reply to 635252 by jay_adobe.) Jump to msg. # jay - Cashing a check, 1 check, is not a bad thing.
Cashing multiple checks equalling millions of dollars, I will say that is a very bad thing.
- - - - - By: jay_adobe 20 Dec 2007, 10:30 AM EST Msg. 635264 of 635284 (This msg. is a reply to 635257 by waterdog85.) Jump to msg. # No, waterdog. It is made to 'appear' to be a very bad thing. That's all. - - - - -
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Post by soonerlew on Dec 20, 2007 14:33:14 GMT -5
locoforkimberlite DIAMOND MINER By: abadgoodgirl -- « Thread Started on Today at 9:08am » -------------------------------------------------------------------------------- By: abadgoodgirl 19 Dec 2007, 06:56 PM EST Msg. 635129 of 635237 Jump to msg. # Well, looky here! In the Entourage Contract: ct4.4 Entourage agrees that it will, subject to section 4.3 above, make any and all reasonable efforts to facilitate the Trustee’s distribution of the Shares to the CMKM Shareholders. Yes, we've known this... this is not the point. The CMKX stockholders should rally together and plead for ETGMF to help us and find out if the US Government's SEC office is engaged in criminal operations to prohibit the distribution of the ETGMF shares. We are fortunate. Given that we know the 1976 laws were violated by the SEC during war time, the SEC and those responsible, may be liable criminally for perpetuating illegal lending of non-existent shares. We are in posession of corroborative evidence that proves the SEC knew trades were being settled without being matched automatically. Jill Considine knew, Secretary Katz knew, Donaldson knew, Senators knew... they knew they were in oversight of a fractional securities system. The Canadian government, with the power of its resources behind it, can help remove the corruption in our government that oversees the US Capital markets, so that the rule of law can be restored in the US Capital Markets and all companies trading in the United States on US exchanges can be protected from the rampant fraud our government apparently allows. Is my memory off? Wasn't there a phone call from a Congressman made to the SEC for it to stop Mark Aguirres investigation of insider trading against John Mack? Wasn't Mr. Aguirre then sabotaged, his reputation maligned and then he was fired over this 'cover up'? ----------------------------- ___ hummm And Investigatethesec.com site is now inactive with "We've accomplished our goals. " Abad at her best, imo. -Loco millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1198159738
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Post by soonerlew on Dec 20, 2007 14:38:26 GMT -5
wwjdthrume DIAMOND JEDI MASTER Re: By: abadgoodgirl -- « Reply #1 on Today at 9:23am » -------------------------------------------------------------------------------- Hi Loco, I like Abadgoodgirl. Other than getting Gary Aguirre's first name wrong (as Marc instead of Gary), she has a good idea. This whole thing has dragged on waaaaay too long. Our constitutional rights to own property are being trampled by the very people with the responsibility to uphold the Constitution. As far as the Entourage shares go, is Entourage suing to get their shares back? If so, this avenue may not one worth taking. If this would help expedite some disclosure I'm all for it. IMO-Debi ~¤Franko¤~ DESIGNER Re: By: abadgoodgirl -- « Reply #2 on Today at 9:33am » -------------------------------------------------------------------------------- Wouldn't it be interesting if it had been the plan all along to default on the Entourage deal making the share distribution null... this would explain the delay in distribution,.. would it not? Interesting stormgrey43 DIAMOND JEDI MASTER Re: By: abadgoodgirl -- « Reply #3 on Today at 9:39am » -------------------------------------------------------------------------------- Today at 9:33am, ~¤Franko¤~ wrote:Wouldn't it be interesting if it had been the plan all along to default on the Entourage deal making the share distribution null... this would explain the delay in distribution,.. would it not?
Interesting For the hundreth time already, and from Kevin's own mouth prior to becoming CEO.......... The Entourgare deal was merely a token deal to justify the cert pull. Kabish? Storm ~¤Franko¤~ DESIGNER Re: By: abadgoodgirl -- « Reply #4 on Today at 9:49am » -------------------------------------------------------------------------------- Today at 9:39am, stormgrey43 wrote: Today at 9:33am, ~¤Franko¤~ wrote:Wouldn't it be interesting if it had been the plan all along to default on the Entourage deal making the share distribution null... this would explain the delay in distribution,.. would it not?
Interesting
For the hundreth time already, and from Kevin's own mouth prior to becoming CEO..........
The Entourgare deal was merely a token deal to justify the cert pull.
Kabish?
Storm
lol,.. sorry,.. I must have missed that update,.. millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1198159738
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Post by JoeRockss on Dec 20, 2007 22:30:29 GMT -5
By: jay_adobe 20 Dec 2007, 06:12 PM EST Msg. 635437 of 635437 Jump to msg. # Still not astonished yet? Good info elvis and jcline. ragingbull.quote . com/mboard/boards.cgi?board=CLB01247&read=28611 By: elvis-is-here 20 Dec 2007, 02:41 PM EST Msg. 28609 of 28611 Jump to msg. # Death to the Fed! A Ron Paul manifesto I will say this for Ron Paul: With no other presidential candidate, Democratic or Republican, do the arguments about the proper role of government in managing the economy reach anywhere near the same level of first-principle fundamentalism. Conventional Democrats and Republicans argue about tax cuts and health care and regulation. Ron Paul says flat out: Let's abolish the Federal Reserve and return to a currency based on some "stable commodity," like gold or silver. Some of Ron Paul's indefatigable defenders will challenge this, arguing that he doesn't really want to abolish the Federal Reserve, that his actual goal is to end the government "monopoly" over currency and allow other, private, currencies to compete as legal tender. But it's difficult to dispute the record. On September 10, 2002, Ron Paul delivered a speech introducing legislation explicitly calling for the abolition of the Federal Reserve. The title of the speech was "Abolish the Federal Reserve." The first sentence: Mr. Speaker, I rise to introduce legislation to restore financial stability to America's economy by abolishing the Federal Reserve. That link comes courtesy of econoblogger Megan McArdle, who has been waging a one-woman war with a legion of Ron-Paulistas on the topic of monetary policy for some months now. Her refutation of the points brought up in Ron Paul's 2002 speech can be found here. A longer post critiquing the idea of returning to the gold standard is here. (Thanks to Tyler Cowen at Marginal Revolution for the McArdle tip.) Ron Paul's basic argument: From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts. Mainstream economists will be happy to argue about whether, at any particular point in time, the Fed is too eager to ease interest rates and prop up speculative bubbles. But few would suggest that the solution is getting rid of the Fed altogether, and even fewer that returning to the gold standard is a workable option. But defending that point of view requires taking some fundamental positions. Has the Fed done a good job of containing inflation since the disastrous years of Presidents Ford and Carter? Is gold really more stable than so-called "fiat" currency, or is the critical issue how well the government manages the economy? And were things really better before the creation of the Federal Reserve in 1913? Was the U.S. economy more stable in the 19th century than the 20th? It's not easy, given the lack of good financial data, to compare the 19th century U.S. economy to the 20th century's, although McArdle makes a yeoman stab at it here. Ron Paul supporters claim there were fewer recessions and faster economic growth. McArdle says that the recessions might have been shorter, but the busts were far more severe. Ron Paul supporters argue that the Federal Reserve was created as a way of giving a small group of financiers control over the money supply. The historical record suggests that President Woodrow Wilson saw it as a way of reducing the power of the handful of men who dominated the U.S. financial system at the time. Again, these are not the kind of arguments you have when discussing Mitt Romney's economic platform, such that it can be distinguished from warmed-over Reaganism. McArdle's own philosophical stance falls towards the libertarian/conservative end of the political spectrum, although she is unafraid to buck right-wing orthodoxy, and her engagement with the details of Ron Paul's monetary policy surpasses nearly everything else available on the Internet, so, naturally, she has attracted an enormous amount of attention from Ron Paul supporters. The reader reactions to McArdle range across the board, from the well- reasoned to the stark, raving insane. And while submerging oneself in these voluminous comments may not settle, once and for all, whether we should return to the gold standard, the exercise does shed some light on where Paul's popularity comes from. Putting aside such questions as to whether most of the gold in the world has already been mined, (which would make it more "stable" than it has proved in the past) or whether the private ownership of the 20 or so banks that form the core of the Federal Reserve contravenes the Constitution's stipulation that Congress cannot delegate its authority "to coin money and regulate the value of the currency," a core viewpoint fueling Ron Paul support is well represented by here: Now, here's the main reason Ron Paul is in favor of the Gold Standard, which you have failed to mention: The Gold Standard serves as a checks-and-balances measure between the people and the federal government, allowing the people to keep their government in check and honest about the money supply in the economy. Without this standard, there is no way to know for sure if the government is printing money or not, and one is left to trust the politician, an oxymoron in itself. But then, there's also this: The simple case for the Gold Standard is as follows: -- Gold is God's money, he created it and all can access it freely. And he is not making any more. -- Currently there is a dividing line. On one side, "us" people must work for money. On the other side a government created Elite Banking Cartel (the Fed) has a monopoly on the creation of money out of "THIN AIR" that they then loan to the rest of us and collect the fruits of our labors through interest (and inflation). The immorality of this system is absolute. There are slaves and masters. --The penalty for inflation (debasement of the currency) contained in the Currency Act of 1792 was DEATH. Now inflation is considered normal. I say death to the FED, and Ron Paul is just the man to do it!!!!!!!!! www.salon.com/tech/htww/2007/12/20/ron_paul_economics/index.htmlBy: jcline 20 Dec 2007, 05:38 PM EST Msg. 28611 of 28611 Jump to msg. # STOCKGATE TODAY- Dec 20th 2007 A newsletter reporting the issues of Securities Fraud US Court provides Free Pass on Possible Collusion - December 20, 2007 David Patch Setting the US Judicial system back decades, US District Court Judge Victor Marrero dismissed a class action suit filed against Wall Street's most premiere broker-dealers based on the most ludicrous of reasons. We will get into the case itself in a minute but it is not the case that set back our judicial system, it was the reason behind the dismissal. In an opinion released Judge Marrero announced his decision to dismiss the case citing "the threat of a 'nonexpert jury' mistaking lawful conduct under the securities laws as evidence of a conspiracy under the antitrust laws and exacerbated by the prospect of trebled damages, would place immense pressure on defendants to curtail the open exchange of information....Such antitrust suits would likely chill a broad range of activities that the securities laws permit and encourage, and would likely inhibit the short selling activity that provides market liquidity and pricing efficiency." So much for the right to take your claims to court or for the impartiality of a Judge. Apparently this Judge has concluded on the case before it was ever presented to the court. "Chill a broad range of activities that the securities laws permit" has not been validated by a court of law, it is an opinion formulated by a Judge that has not even been plead the case through a process of discovery. As if Wall Street was not already being protected by one captured Federal Agency, the Securities and Exchange Commission, the country must now suffer the consequences of an equally disruptive Federal court system. The language used within the Judges decision sounds unmistakably like the rhetoric of the SEC making us wonders whose words those really were. Suddenly jurors who have the mental capacity to hear complicated cases relating to corporate espionage, medical malpractice, or complicated criminal enterprises are too ignorant to hear testimony of possible collusion between two independent broker-dealers. By the Judges remarks, jurors may be smart enough to invest their savings in Wall Street but they are clearly too stupid to hear a case involving potential collusion amongst broker dealers. What does that say about the transparency of risk in our capital market system if the investors are not qualified enough to understand the system they invest in? What I read into the Judges decision is more straightforward. The Judge was too ignorant of the facts as presented by the plaintiffs and thus passed the baton back to the agency the plaintiffs claim failed them; the SEC. The complaint filed by Electronic Trading Group LLC in April 2006 had argued that members of Wall Street had charged unearned fees, commissions or interest on short sales where those broker-dealers failed to borrow or deliver the stock to back up a short position executed. In layman's terms, Wall Street was charging Electronic Trading group and their clients fees for the execution of trades and then failing to fulfill all of the obligations of the trade execution. In a short sale the representing broker dealer to the short seller must locate a share to borrow prior to executing the trade. The reason for the locate is to insure that, should the trade be executed a borrow will follow such that the share borrowed can be delivered to the representative buyer in the trade executed. The short seller pays a fee on the borrowed share similar to paying interest on debt accrued on a credit card. In this case Electronic Trading group represented the short seller. Electronic Trading Group (ETG) contends that as a short seller they paid the major broker dealers a fee not only to execute the trade (commission) but also paid a fee on shares that were supposedly borrowed (interest). But trade records indicate that no shares were borrowed instead letting the trade fall into a category identified as a failed trade. ETG was paying a late fee and interest on a credit card bill with zero balance and they have taken their case to federal court for recovery of fees paid. Under Securities law, all trades must settle within 3-business days after execution of fall into a category of failure. The intent of securities law, passed down by Congress under the Securities Act of 1934 is to seek 3-day settlement efficiencies in all markets to protect the markets and all participating parties from unhealthy liabilities. That is not to say every trade will settle within 3-days but once a trade fails, the broker dealers are obligated to continue pursuing all efforts to close that trade immediately. ETG's suit claims that not only did their broker fail to borrow shares for delivery to the buyer but that the buyers representative broker dealer colluded with ETG's broker to allow the failed trade to persist for an extended period in time without the demand for settlement. Again, in layman's terms, neither side of the contra parties were forcing the settlement of the trade yet both profited from the commissions and fees charged for the execution of that trade. The buyer paid for nothing, the seller delivered nothing and the brokers collected a fee from both and walked away from the remaining trade obligations. How real is it? Over the past decade the SEC has dismissed all efforts to firm up this area of abuse although admitting that such areas exist. They have offered little if any assistance to those who may be victimized by the process despite their admissions that the abuse exists. In response to the failures of the Commission to react responsibly, more and more investors and business issuers have taken their pleas to the state and federal courts where, as witnessed today, the courts are likewise offering little by way of legal remedy. The victims are left out in the cold while the fat cats of Wall Street remain bulletproof. The merits of the case aside, should a Federal Judge be dismissing cases for reasons of "non-qualified" jurors? If so, what does that say about the equal opportunity for all to utilize the US Judiciary system? Where and how does a Judge decide the intelligence of the US jury pool? Wall Street has longed ruled Washington DC, buying off politicians and regulators with excess lobbying funds. The near Trillion Dollar industry has the money to spend and spend it wisely they do. The decision today by Judge Marrero now begs the question, has Wall Street likewise purchased the voice of our Judicial system as well? Certainly when a Judge of supposed impartiality makes comments like "would likely inhibit the short selling activity that provides market liquidity and pricing efficiency" you have to wonder what issues of market liquidity are doing making way into a judge’s decision to dismiss. The beneficiaries of market liquidity real and criminal are, after all, Wall Street broker dealers. A call into Judge Marreno's office was responded to with a curt "The Judge does not comment on his positions". And the drum beat of conflicts at the highest levels goes on.....
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Post by soonerlew on Dec 21, 2007 0:34:13 GMT -5
pennypauly GC Mod Re: Gossip Column 12/20/07 « Reply #4 on Yesterday at 11:09pm » -------------------------------------------------------------------------------- Click link for nufs first post then phx responds below cant c/p nufceds screen shot nufced PHX--Pedro? Why the CEC BOD? « Thread Started on Today at 6:51pm » cmkxdiamond.proboards66.com/index.cgi?board=general1&action=display&thread=1198205516 phxgold Explorer member is offline Joined: Apr 2006 Posts: 479 Karma: 121 Re: PHX--Pedro? Why the CEC BOD? « Reply #1 on Today at 7:19pm » -------------------------------------------------------------------------------- shows stoecklein and maheu were involved since the beginning and they arent ever far from fraud JURY FINDS OFFICERS OF C.E.C. INDUSTRIES CORPORATION LIABLE FOR FINANCIAL FRAUD Former CEO Gerald H. Levine and Principal Financial Officer Marie A. Levine Found Liable On All Counts After 5 Day Trial On October 16, 2003, following a five-day trial, a jury in the U.S. District Court for the District of Columbia found Gerald H. Levine and Marie A. Levine liable for financial fraud based on their overstating the assets of C.E.C. Industries Corporation (CEC). Gerald Levine, age 70, was CEC's chief executive officer; his wife Marie, age 56, was CEC's secretary-treasurer, the company's principal financial officer. The jury found that the Levines violated the antifraud provisions of the Securities Exchange Act of 1934 ("Exchange Act") and the Securities Act of 1933 ("Securities Act"): Exchange Act Section 10(b) and Rule 10b-5, and Securities Act Sections 17(a)(1), (2), and (3). The Levines were also found to have violated Exchange Act Section 13(b)(5) and Rule 13b2-1, which prohibit the falsification of a public company's books and records. The Commission's complaint, filed on September 28, 1999, alleged that the Levines overstated CEC's assets in reports that they filed with the Commission for CEC's fiscal years 1996 and 1997. The complaint also alleged that the Levines, acting through another corporate entity, Wire to Wire Inc., profited from their fraud by selling CEC stock while they knew that they had overstated CEC's assets. In particular, the complaint alleged that the Levines overstated the value of two purported corporate assets (1) a 9,000-acre tract of land in Tennessee that they claimed held 52 million tons of coal and substantial timber assets; and (2) forty-one paintings by "Sky Jones," which they claimed had a value of $1.7 million. The Commission proved at trial that CEC (and its corporate affiliates) did not even own the land and that the paintings were worth no more than $10,350. The Court has not yet determined the sanctions against the Levines. The Commission's complaint seeks bars permanently prohibiting them from serving as officers or directors of any publicly traded company, a permanent injunction against future violations of the securities laws, disgorgement of illicit profits from sales of CEC stock, and civil penalties. Previously, on September 11, 2001, CEC settled the Commission's financial fraud charges against the company, without admitting or denying the allegations, by consenting to the entry of a final judgment that included a permanent injunction. The Commission acknowledges the valuable assistance provided by several CEC shareholders, who brought to the Commission's attention many salient facts related to this matter. For further background information, please see Litigation Release No. 17139 (September 19, 2001) and Litigation Release No. 16299 (September 28, 1999).
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Post by soonerlew on Dec 21, 2007 0:35:10 GMT -5
goodolboy DIAMOND DIGGER Re: Where the Counter stops « Reply #6 on Yesterday at 3:11pm » -------------------------------------------------------------------------------- Yesterday at 12:09pm, ~¤Franko¤~ wrote:Total Received Fax's: 42723 Total Fax's Filed: 42723 Number of Certs: 55495 Total Shares: 634,983,934,884 Number of Shareholders: 39863 So at the time the counter stopped it was 68,016,065,116 short of the O/S correct? With almost 40,000 shareholders,.. That is a lot,.. I wonder how many more were not counted,.. and if that would have busted the total,.. Has anyone discussed the possibility we were never short? you would be talking almost 80,000 shareholders to pull the numbers off they wanted us to think was NSS right? Justing thinking out loud here,.. Franko, I think there is no doubt as to whether CMKM was shorted or not. As Kevin stated, the have evidence of FTD's which obviously were the result of a previous NSS. As for the cert count, one must also consider that Frizzell specifically stated that he did not iinclude the bulk certs turned in by a brokerage firm (certed in it's own name), no did Frizzell include 3rd party sales that took place (delidog) after cert numbers 85,xxx and the numbered certs exceed 87,xxx as of January 2007 (recall the NC had written lawsuit that was dismissed.) Additionally, didn't they (Frizzell and /or Kevin) state that they did not have the count on the international sales? Also, I do not recall any of UC's certs ever being added to that database. I recall entering in his cert numbers, but never getting the "confirmed" message. Maybe someone else knows more about that. millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1198170583
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Post by soonerlew on Dec 21, 2007 0:36:23 GMT -5
IceCrush Mod Squad Re: Where the Counter stops « Reply #11 on Yesterday at 10:56pm » -------------------------------------------------------------------------------- The cert pull only counted shares and certs entered into the TF system. What about the trades we saw. What about Knight admitting they shorted us? What about Kevin, Bill, Melvin and others saying we were shorted? What about the shares sold and not accounted for? What about the certs that people couldn't get? Have they all gotten certs" What about the people who didn't cert their shares? Why do we have another lawyer checking into our share structure and count? So.........now.........why do you ask? millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1198170583
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Post by hundredtoone on Dec 21, 2007 10:40:22 GMT -5
By: rosencrantz2010 21 Dec 2007, 09:41 AM EST Msg. 635540 of 635556 Jump to msg. # good stuff in an old my69z post,,, (note oct 15 shareholder audit reference) By: my69z 22 Oct 2007, 11:35 PM EDT Msg. 344140 of 345022 Jump to msg. # "Illegal Certs"... i did a transcript of that MP3 cause i have 2 people on my e-mail that at times have a hard time with hearing these.... April 5, 2007 .... The Company has instructed its current transfer agent, 1st Global Stock Transfer, LLC, to stop any further transfer or issuance of CMKM Diamonds, Inc. stock effective immediately." April 20th, 2007... The Company has recently halted the transfer of a large bulk certificate to a major brokerage firm from a third party. A specialist will be hired to completely research and investigate both sides of this transaction along with the many recent transactions of possible insider sales of large bulk certificates " 4-18-07 Update #1...: Bill is conducting a full scale investigation into the sale of bulk certs which seems to be an ongoing problem. We are concerned about certs that were obtained with forged signatures from people that were at one time close to company insiders. It is the company's intention to cancel any illegal, forged or unauthorized shares regardless of how they were obtained. May 2nd, 2007... In the first of two CEO updates on 4/18/07, Mr. West mentioned an ongoing investigation by attorney Bill Frizzell “into the sale of bulk certs.” To this subject, Mr. West now adds, “We have evidence of the attempt by at least one specific large brokerage firm to purchase for itself, rather than simply transfer, such certificates. However, we will have an expert examining several suspect transactions.” A & Q Session of October 15....." Many have asked if they are bona fide shareholders because they hold a certificate. This question cannot be answered completely until our shareholder audit is completed. We believe there may some certificates that are illegal, forged or otherwise invalid. As a general rule, if First Global Stock Transfer issued you a certificate and that certificate is not the result of forgeries or other illegal acts, then you will be a bona fide shareholder. " Ya gotta break this one down,,,,,,,,IMO,,,they wont release the audit info until AFTER the Urban litigation is over.....until they win the right to clean up the company.We already knew about their thoughts that some certs......may be invalid,,,,,and again....keep in mind,,,,,,that was based on "recent" events a few months ago......those certs are froze & are a sitting duck to be cancelled.......IMO,,,,all they're doin is settin this up for a share reduction because if Urban & crew default......that's actually only about 8 weeks from now....and that last part about !st Global,,,,,,,is them basically sayin......if it came from them,,,,,,,your good because they stopped the actual sell and transfers....thats as close as they can get to the topic of,,,,,,,am I valid. And remember these excerpts ........the 1st one,,,,,,The Task Force has now received certs in the name of certain brokerage companies. Our investigation reveals a potentially huge naked short position in at least two of the very companies that have sent us certs. The certs sent to the Task Force by the brokers represent billions of shares of CMKM stock. Number 2 excerpt,,,,,,....there have been no funds received from brokers/dealers or any other sources. However, Frizzell has been in communication with firms as to issues pertaining to the inability to produce CMKM stock." All this "cert" talk is a vague way of sayin.......don't worry,,,,,it's already been taken care of......now how will "we" benefit........ ??,,,,,but IMO...we will,,,,,,,,has anyone here ever been told their cert is no good,,,,,,either by phone or when entering the number on the website???,,,,,,my bet is no So think about that,,,,,,,,,,,the certs their gonna cancel are in those old total numbers.....Kevin said,,,,,,"recently"....which is way after being revoked And if you reverse this thing and add these past comments from Kevin,,,,,,,they would fit perfectly in a POST-cancelling of all illegal certs & individuals........... March 30, 2007,,,,, " “I look forward to the coming weeks and months ahead, as WE the Shareholders finally move forward together.,,,,,,, April 20th,,,,," That said, I suggest that WE, as shareholders, choose to look forward with hope, strength and determination to build this shareholder base into a solid company." 9-28-07....." Current management knows and understands that the Company will need to have tangible assets and a well structured business plan in order to have any chance of success in the markets. We continue our efforts in this regard." Will there be a reverse split if we trade again?... Anytime a company has 700 billion plus shares, the idea of a reverse split is a topic of discussion for obvious reasons. There are many problems that must be resolved before the company trades again. When the company returns to trading, this issue will be decided based on the best interest of the company and its shareholders. IMO,,,it's sayin,,,,,the number wont be 703 and notice Kevin said,,,,,,when the company returns to trading.......thats quiet a step up from "intends to return to trading " And 5 months later he reiterated the "solid company" thing,,,,,,,, IMO,,,,this has just been one big game of.......just wait,,,,,,yoooou'll see.....and lik i've said for months.....IMO,,,,its 1st wait to see if the SEC actually enforces the new laws......then move forward Kinda funny how our Urban litigation will be over 2 weeks after the intial round of the Grandfather Clause deadline to cover. hmmmmm Imagine that Later!! ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=635540...Flying Moose(cmkxunofficial)
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