By: lou60447
02 Apr 2008, 12:57 PM EDT
Msg. 696218 of 696222
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A question open to discussion: After 5 years I still do not know if this stock is a scam or not. But I will ask this. Why would a group of scammers call for a cert pull? Would this not leave a paper trail that could be traced right back to the scammers. And who exactly called for a cert pull. Was it UC, RG or BF?
Secondly, if all of these sweeping changed are happening, why has not one member of the mainstream media, such as the WSJ, reported this?
Again this is not bashing but just searching for answers. Any comments would be appreciated.
By: adrienne07
02 Apr 2008, 01:12 PM EDT
Msg. 696222 of 696222
(This msg. is a reply to 696218 by lou60447.)
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lou60447 : Scam ? NO ! Why did they do the certpull ? This is the reason :
TASK FORCE FAQ
1. Why must 100% of all worldwide CMKM Diamonds, Inc. (CMKX) Shareholders pull certs?
2. Has CMKX been naked shorted?
3. When will the Entourage Distribution be issued?
4. What if my shares are held in an IRA or Overseas Account?
5. What if my broker refuses to issue a Certificate?
Why must 100% of all worldwide CMKM Diamonds, Inc. (CMKX) Shareholders pull certs?
The Entourage distribution will ONLY be paid to valid owners of CMKX. The company has determined that the only way to verify that you own valid CMKX shares is if you have physical possession your CMKX. If you choose not to order certificates, you will not participate in the Entourage distribution.
The second reason for demanding a 100% certificate pull is determine the actual number of CMKX shares held by all shareholders, worldwide. If the total number of CMKX shares exceeds CMKX?s outstanding share count, this may be due to the existence of Naked Short Shares in the Market.
Go to top added/updated @ 2005-11-04 14:58:19
Has CMKX been naked shorted?
Credible information indicates the number of naked short shares is potentially as high as 2 trillion shares. However, these numbers must be legally confirmed and validated before any action can be taken. That said, the time has arrived for all CMKX shareholders to flex our considerable collective power in this united campaign to achieve justice for friends, families and ourselves. It is our belief that CMKX shareholders have been handed, on a silver platter, the opportunity to become the most formidable force the naked short sale perpetrators have ever faced.
NOW, ONE OF OUR CMKX ATTORNEY JUST SENT THIS COMMENT TO THE SEC :
CMKM DIAMONDS, INC. suffered THE LARGEST NAKED SHORT IN HISTORY.
Subject: File No. S7-08-08
From: A. Clifton Hodges, Esq.
Affiliation: Attorney March 27, 2008
www.sec.gov/comments/s7-08-08/s70808-151.htm To The SEC Commission and Financial Industry at Large:
Naked shorts in the United States = "counterfeit shares." The case of CMKX represents the greatest "counterfeit shares" fraud in the UNITED STATES. CMKM DIAMONDS, INC. suffered THE LARGEST NAKED SHORT IN HISTORY. Trillions of stock shares traded and changed hands UNTIL CMKX revoked itself and had every stock holder pull physical stock certificates out of brokerages, and out of street name, to trap those whom had committed fraud. CMKX is also the LARGEST STOCK CERTIFICATE PULL IN THE HISTORY OF THE UNITED STATES"
Naked short selling is a case of short selling the shares without first arranging a borrow. The Securities Exchange Act of 1934 stipulates a settlement period up to three business days before a stock needs to be delivered, generally referred to as "T+3 delivery". The SECs public position as of the Spring of 2005 was that naked shorting did not exist. With enactment of Regulation SHO, the subsequent elimination of the SHO grandfather exemption, and now the promulgation of this rule, the SEC has finally admitted the error of its ways.
The Depository Trust and Clearing Corporation has also been criticized for its approach to naked short selling. DTCC has been sued with regard to its alleged participation in naked short selling, and the issue of DTCC's possible involvement has been taken up by Senator Robert Bennett and discussed by the NASAA and in articles -- disagreed with by DTCC -- in the Wall Street Journal and Euromoney Magazine. Robert J. Shapiro, former undersecretary of commerce for economic affairs, has, however, found that naked short selling has cost investors $100 billion and driven 1,000 companies into the ground.
Naked shorting is illegal because it allows manipulators a chance to force stock prices down without regard for normal stock supply/demand patterns. It is in fact, institutional fraud further, counterfeiting of securities is a crime of U.S. Constitutional magnitude. This criminal conduct, once asserted by the SEC not to exist, has destroyed many, many companies, lives and opportunities. But now the word is out on naked shorting it must be stopped, and all whom conspired put in jail. This naked shorting fraud rule must be passed - NOW.
Sincerely,
A. Clifton Hodges
AND IT WAS CONFIRMED THAT'S HIM :
Attorney Al Clifton Hodges confirmed to me that he did post the attached letter, “CMKM DIAMONDS, INC. suffered THE LARGEST NAKED SHORT IN HISTORY” to the SEC.
Al Clifton Hodges is a caring individual, a Bona fide Stockholder of CMKX, and an astute Attorney of Hodges and Associates Law Firm. Attorney Al Clifton Hodges is dedicated in making it Right for the Legal Stockholders of CMKX. I have a great respect for Attorney Al Clifton Hodges.
Attorney Hodges, your letter to the SEC publicly confirms that CMKX has “THE LARGEST NAKED SHORT IN HISTORY“. Your action is an important contribution, another reliable source confirming there is/was definitely an enormous counterfeiting problem with CMKX. This financial assault on CMKM Diamonds and its Legal Stockholders resulted in substantial losses and hardships on CMKM Diamonds and the Legal Stockholders of CMKX, CMKI, and CIM. It is required by law that appropriate actions are taken to ensure a just compensation for all Legal Stockholders of CMKX.
Thank you Attorney Hodges for your contributions to a noble cause, 'The "Righting" On The Wall' Street for Investors who "Got CMKX!", “Got Naked Shorted!” and should have “Got Paid!”.
All the Best,
BHollenegg
HJRS