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Post by imSINGLEruRICH on May 6, 2008 11:10:03 GMT -5
another Billion $$$$$$$ question....from the Clubhouse... stonerolling Maggot Moderator WHERE IS THE UPDATE???« Thread Started Today at 10:57am » Frizzell and West can issue an update railing against some toothless retard anouncing imminent pay-outs on Pal-Talk, but can't issue one regarding THE most imporant CMKM-relate event to happen since revocation? WHERE IS THE UPDATE REGARDING THE SEC SUIT? ??
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Post by imSINGLEruRICH on May 6, 2008 11:19:37 GMT -5
from the Millionaire Board....
john3339 DIAMOND JEDI WARLORD Re: Are my certificates counterfit?
That was my opinion as well. The SIPC however, only covers fraud up to $500,000 per account holder, which isn't much when you consider the potential we had with CMKX.
I would prefer to see a decision from the SEC for disgorgement from the borkers and investment banks who own the brokerages, to cover our losses, plus distribution of the penalty-funds collected for selling air-shares. Plus distribution of punitive damages for knowingly conducting illegal stock manipulation...all before we have to rely on the SIPC for a paultry $500,000.
Now, if it comes down to settling for insurances for coverage of our losses, most brokerages have supplimental insurance that kicks in before or after the SIPC pays their $500,000. With Trading Direct for instance, their supplimental insurance covers an unlimited dollar amount for fraud. This is what makes me think the SIPC would cover first, with the broker's insurance picking up the difference.
Now, for each of the brokers to be tapped for fraud damages, the SEC would have to make the determination that each broker participated knowingly in this fraud (to sell fake shares into the market). Some may get nailed for cellar-boxing and other manipulation activities.
As I said a couple of years ago, if this thing gets into the courts, we might want to make sure our certificates are written into our wills for distribution to our decendents, because a court case will drag on for years.
Well, it seems to be in the courts. How motivated is the SEC to fast-track this complaint? (especially considering it's the SEC who is also complicit in these illegal activities, through DTCC and Cede and Co)
I'd love to see a settlement sooner, rather than waiting until the courts are finished with it. But as has been said, those with the money are going to be hard pressed to let any of it go.
It's going to come out in our favor, with a huge payout. But when is a whole 'nother story.
Patience and faith will be the name of this game I believe.
imo, john
secretsanta DIAMOND DIGGER Re: Are my certificates counterfit? « Reply #4 Today at 7:13am »
john3339
It may be in the courts but it would never go to trial. That is why you have already seen one settlement and will probably see more. They don't want anything to come out. Watch for a deal with UC to become public before long. Probably already a done deal just not published yet. Did you notice two more defendants were served? They did not go the waiver route so they have/had only 20 days to respond. One has already expired. That means a default judgement will be rendered against them.
Things continue to move along. That's what we want.
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Post by soonerlew on May 6, 2008 11:37:29 GMT -5
By: newtopennies 06 May 2008, 10:14 AM EDT Msg. 715844 of 715848Jump to msg. # RB ERASED this post....why??? eom. investorshub.advfn.com/boards/read_msg.asp?message_id=29053106 By: newtopennies 06 May 2008, 01:34 AM EDT Msg. 715805 of 715805 Jump to msg. # BASHERETTES... THE more negative your posts and the nastier you get, the more guilty you look. What have you done that makes you feel so slimey? No, we haven't seen a return yet on our investment. Why would you give a crap after all these years? It makes no sense. No, we haven't yet been paid damages from the criminals that naked-shorted CMKM. Again, why would a non-shareholder care about our fate? It makes no sense. No, we haven't yet been made aware of our options going into the future, those Renouncable Rights Jay Adobe posted about so many moons ago. Why would a stock basher care? As shareholders, we have no proof that we have been pushed into a future conglomerate, even if it was posted by 'pecas' a few weeks back. So what? If we want to believe in these things, what would it matter to you? The only thing I can come up with, is if CMKM returned to trading somehow, and you had to cover those shorted shares, it just might cost you a fortune. The only other thing is if you know the value of our leases, you wish to front-run with the conglomerate as the value goes up, and you want to purchase as many shares as you can, while you tell us how worthless those very same shares are! I also heard a wild story about how the short sellers shorted CIM when it didn't even have a ticker symbol yet! It wasn't even trading and somehow it was naked shorted! That's sure bold! Of course this is all my opinion and rumor. Conjecture, I think it is sometimes called. I just noticed that Greedy and others won't let a positive post slip by without an opposite negative attack. Bashers sure have to be on their toes when a long shows up! Well good luck BASHERETTES, you are going to need it, IMO. eom. By: sparkysantos 06 May 2008, 11:23 AM EDT Msg. 715874 of 715877 (This msg. is a reply to 715844 by newtopennies.) Jump to msg. # Nice Post NEWTOPENNIES: You were right on target, especially when using the term "front-run;" and in Sparky's opinion, that's why the post was deleted. See e-Signal, which owns Raging Bull, would like for the world to believe that such stuff just doesn't happen. Remember this too: No amount of money in the world can "cure" a naked short. Specifically, if there are more shares outstanding then there is supposed to be, the only way the naked short could be "cured" would be if shareholders would agree to a reverse split that would bring the OS into balance with reality. In other words, let's say the CMKX OS is supposed to be only 703 billion shares; but when all the shares held by shareholders are totaled, low and behold there are actually 1.4 trillion shares. In this example, even a settlement of $100 a share would not "cure" the naked short, and even if the shares were trading, neither could a short squeeze. The only real "cure" would be if shareholders agreed to a 2 to 1 reverse split. Accordingly, if there ever is a settlement, a vote will also be required; and IMHO, that's why the over-paid but still always broke bashing idiots are still here. BR,
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Post by soonerlew on May 6, 2008 11:49:38 GMT -5
tramp Administrator Re: Packets moving..Opinion.. « Reply #52 Today at 4:57am » -------------------------------------------------------------------------------- May 3, 2008, 9:03am, ocd wrote: Let me set the record straight...ucrocks is radiomo, and no, he is not selling shares.. or any shares for that matter..he NEVER DID.... all he did was bring to the board was a friend of his who he tried to get into cmkx, but HIS FRIEND passed it by..cmkx.. he has no shares.. his family from NY has a friend who is a specialist, floor trader on the NYSE and he found out how rich were going to be with CMKX.. thats all it was.. and.. they are anxiously waiting for CIM to go public,..NYSE and the specialist.... or whatever name CIM will turn out to be..they know its going to be huge.. do you remember the CMKX SONGS? listen, they will ring a bell.. they are done by UCrocks/radiomo.... www.helpthehumanrace.com/CMKX_MP3.html « Last Edit: Today at 5:08am by tramp » tramp2.proboards88.com/index.cgi?board=general&action=display&thread=4992&page=3
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Post by soonerlew on May 6, 2008 11:50:41 GMT -5
Brigantine King of Diamonds Why are we still waiting? « Thread Started Yesterday at 9:38pm » -------------------------------------------------------------------------------- Today, I read sparky santos as I always do. And, perhaps without realizing what he was saying, he laid out two very good reasons why we are still waiting. First, he accused Jonas of holding shares, despite his continuous and relentless bashing of our stock. ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=715496And then second, he talked about how the pigs will benefit when we do get a settlement. ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=715617And I realized that we are waiting for some more pigs to die. And we are waiting while people like Jonas get pursued back into the holes they climbed out of and can't take their shares with them, leaving them to be cancelled and picked up like so much litter on the street when they scurry back to their holes. And even though, for my own reason, I would very much like this to end this week, I know it probably won't and I am okay with that. cheers. tramp2.proboards88.com/index.cgi?board=general&action=display&thread=5020
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Post by soonerlew on May 6, 2008 11:51:32 GMT -5
By: sparkysantos 06 May 2008, 09:28 AM EDT Msg. 31663 of 31663 Jump to msg. # "Financials" are getting clobbered in pre-open trading! Stay tuned! And in Sparky's humble opinion, here's a good reason: UBS To Cut 5,500 Jobs Amid 1Q Net Loss On Subprime By Katharina Bart ZURICH -(Dow Jones)-- UBS AG (UBS) said Tuesday it plans to cut 5,500 jobs by the middle of next year, an effort meant to restructure the Swiss giant's troubled investment bank. The Zurich-based bank will axe 2,600 investment banking jobs mainly in London and New York after massive write-downs on dud mortgage securities, totaling over $37 billion. The remainder will be cut through natural attrition across the bank's units, UBS said. Alongside the job cuts, UBS said it swung to a first-quarter net loss of 11.54 billion Swiss Francs ($10.99 billion), from a CHF3.03 billion net profit in the year-earlier period. In its outlook, UBS, which is reportedly in talks over the mortgage positions it still holds, cautioned that market conditions remain tough. The major losses and subprime write-downs have led UBS to rethink its investment bank, clamping down on risk, shrinking its balance sheet, and abandoning some of the high-stakes areas such as proprietary trading. The losses have forced UBS to seek two massive injections of fresh capital this year, one from major investors and one as a capital increase from shareholders to help cover the losses. The bank, which has swept its management ranks in recent months over the losses, has also come under fire from activist shareholder Olivant Advisers Ltd. Olivant, a 1.1% shareholder, is urging UBS to consider asset disposals or a split-up to protect its flagship private bank. At the private bank, which caters to the financial needs of wealthy individuals, inflows of fresh funds slowed dramatically. While the private bank garnered CHF5.6 billion in fresh funds - a closely-watched gauge of future business - the bank overall posted outflows of CHF12.8 billion, as money left both the asset management and business bank units. UBS shares have slid 26% so far this year, underperforming by far the Dow Jones Stoxx 600 bank index, which has edged 8.3% lower in the same period. UBS, which closed at CHF36.88 Monday, is set to resume trading at 0700 GMT. Company Web site: www.ubs.com -By Katharina Bart, Dow Jones Newswires; +41 43 443 8043; katharina.bart@ dowjones.com (END) Dow Jones Newswires 05-06-080143ET Copyright (c) 2008 Dow Jones & Company, Inc. Sparky Comment: Notice that in the second to the last paragraph (bold type) UBS reports that its "private bank" revenues and related net are also down sharply. Well folks, this "private" stuff has been the most lucrative part of the prime broker business model for years now. And hey, this "private" business is tanking; and the way these banks mismanaged money lately, why wouldn't it be? Bottom Line: Wealthy people don't get or stay wealthy by being stupid!!! And as a sad closing comment, Sparky sees no reason to believe that this pronounced exit of private money is something that's going to be unique to UBS. Rather, every single one of these over-leveraged, greed-driven firms is in very deep chit! So load up on those out of the money Put options; and otherwise remain safely sidelined. Looks like the NASDAQ is going to open down about 5 points, like the S&P 500 will lose 9 points, and that the Dow will shed at least 75 points once all 30 issues open. BR, Sparky
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Post by soonerlew on May 6, 2008 11:52:44 GMT -5
ming117 Diamond Finder Re: ALL PALTALK UPDATES HERE.. « Reply #84 Today at 9:40am » -------------------------------------------------------------------------------- deli still positive about mailing on their way...did not say these are "packets", simply " a mailing was sent "...maybe a simple handbook about how to survive an extremely long and boring waiting period...? Maybe a copy of "Waiting for Godot"... and maybe the key to a totally different way of life??? tramp2.proboards88.com/index.cgi?board=general&action=display&thread=1267&page=5
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Post by soonerlew on May 6, 2008 11:58:44 GMT -5
Well since there are no birthdays to celebrate today...I hearby declare it CMKX LONG Day! [glow=red,2,300]Happy Day to all CMKX Longs [/glow]
who are continuing to hang in there--even if it is like a loose tooth! pr logictx Diamond Miner Re: Happy LONG Day! « Reply #1 Today at 8:29am » -------------------------------------------------------------------------------- Thank you, Port! Having been in this from the beginning, may I be allowed to make a few points? 01. Our money is spent, it costs nothing to watch. 02. If payment is coming, good for us. 03. We all, I hope, have met some great folks on this journey. 04. The party in Vegas was fun. 05. It makes no sense at this point for bashers to be here. What can we do except wait for our Gov't to protect us the way the law says. Go out into the world with the knowledge you got into the fray with honor. Have a fantastic LONG Day! logictx cmkxgroup.proboards88.com/index.cgi?board=general&action=display&thread=19698
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Post by imSINGLEruRICH on May 6, 2008 12:06:42 GMT -5
By: sportsman93306 06 May 2008, 11:30 AM EDT Msg. 715881 of 715907 (This msg. is a reply to 713309 by klonopin2mg.) Jump to msg. # KLONOPIN. Thanks for your response. I have few
more querries ,if u do not mind.
1.Why would tyler guys make 180 degree turn? I mean they would be certainly better off what u believe and knowis true, as they themselves own lot of shares. 2.Although u do not want to go on record, but you have fairly good idea about the amount to be distributed.YES or NO. 3. You have fairly good idea about the timeline as well. YES or NO.
THANKS
SPORTSMAN
By: dmgroup 06 May 2008, 11:36 AM EDT Msg. 715882 of 715907 (This msg. is a reply to 715881 by sportsman93306.) Jump to msg. # sportsman if I may buttttt in here?
maybe it would be as deli suggested that anyone with more than a billion shares would not be paid for more than a billion shares.
seems there were a few groups of shareholders that held multiple billions of shares.
and my thought to that was it was such groups that were financing tyler
By: rosencrantz2010 06 May 2008, 12:12 PM EDT Msg. 715888 of 715907 (This msg. is a reply to 715882 by dmgroup.) Jump to msg. # dmgroup, the idea that several wealthy individuals are funding tyler's efforts may be correct, but it seems unlikely to me.
someone that bought several billion shares could easily have put $500,000 or more into cmkx. and i know there are probably about ten such individuals out there according to john martin. so let's say we have a couple of individuals with a lot of money willing to take big risk on cmkx. maybe they knew something? maybe not.
okay, but then you have to assume these same people are willing to what,,, throw away another $500,000 on tyler's efforts? and what and when are they going to see a return on their investment? they have already sunk $500,000 into cmkx and now you want to argue that same individuals is willing to throw another $500,000 after the first half million? and this in the face of being told there is nothing of value there and the chances are slim tyler can be successful?!! maybe, but i doubt someone would be so reckless and fool-hearty with another half million of their own money.
where is the payoff? how do they even see a payoff? if they are willing to throw away a second half million (or more) on tyler's work simply to seek revenge, i would think such an individual would also be considering whether it would be cheaper, easier and quicker to simply call up BIG LOUIE in detroit and see if something else could be arranged for 50 grand. LOL
for some reason this argument about one or two or three wealthy cmkx investors underwriting the FULL, ONGOING, MULTIYEAR, OPEN-ENDED, POTENTIAL TOTAL LOSS effort being waged by kevin and bill as a particularly weak proposition.
i believe someone else that has a lot more to gain or lose than a single cmkx investor is the one underwriting tyler's efforts.
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Post by imSINGLEruRICH on May 6, 2008 12:09:56 GMT -5
By: adrienne07 06 May 2008, 12:14 PM EDT Msg. 715889 of 715908Jump to msg. # The Trillions NSS in CMKX had wiped out thousands and thousands IRA, 401K and Savings accounts. Who are responsible This is a repost.....By: DrillBit 06 May 2008, 12:18 PM EDT Msg. 715890 of 715908 (This msg. is a reply to 715889 by adrienne07.) Jump to msg. # Hello SEC! You say that you want to clean up trading? How about abolishing instruments like derivatives and other complicated instruments that ONLY Wall Street types understand. IMO, these complex vehicles, of supposed trading, are THE source of the rape of a trusting public. You have harmed the generation that fought in WW2 and their immediate off springs via pension devaluation and more importantly, their trust in the American Government. I understand that those that invested in CMKX have lost loved ones while waiting for our remedy, but there are so many that have trusted and have been kicked in the teeth financially. The peepoor state and Federal nursing homes are full of same. The trusting that retired years ago felt secure that their thingyon plan was going to take care of them. WRONG SEC, you harmed that great generation. Now I will shut up and wait for my IRS audit! - - - - -
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Post by imSINGLEruRICH on May 6, 2008 12:12:03 GMT -5
By: JAGGER 06 May 2008, 12:29 PM EDT Msg. 715895 of 715910 Jump to msg. # So when not if May comes and goes and thee are still no ACCA PACKETS...will the CERT PULLERS finally give up hope?
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Post by soonerlew on May 6, 2008 12:22:40 GMT -5
dvermill Jack of Diamonds As Gusjarvis always said..... « Thread Started Today at 10:15am » -------------------------------------------------------------------------------- I think it was Bill Frizzle saying we would change the way BUSINESS is done. Well this could be one more tightening of the noose. God I love this STOCK PLAY OF A LIFETIME. Best to all.........DV FASB'S NEW ACCOUNTING RULES SHOULD CAUSE BANKS TO STOP THE BEHAVIORS THAT LED TO MANY OF THE CURRENT MORTGAGE PROBLEMS. FASB stands for Financial Accounting Standards Board. This board creates accounting policies for CPA's, corporate accountants and auditors. The CPA profession is making big changes in their allowed accounting procedures for off balance sheet companies. These changes will continue, and it will accelerate the de-leveraging process that is underway in the world of finance. Many financial companies have been using off balance sheet companies to hold speculative investments...on big margin. There are several reasons these speculative positions (one could call them gambles) were put off balance sheet. 1. To circumvent banking regulations which are meant to limit leverage 2. To help minimize taxes 3. To allow the institution to take bigger risks that would not sit well with shareholders, regulators and other stakeholders, but which have the potential to make (or lose) a lot of money. If they make money, the operators get big bonuses and profit sharing, if they lose...well the shareholders would have to bail it out...in the long run. In short run, the incentive to speculate in these off balance sheet entities was huge. In essence, these new accounting standards which the CPAs are promulgating under pressure from the U.S. Securities and Exchange Commission will insert some sanity by disallowing these off balance sheet, highly speculative investment vehicles called SIV's, or special investment vehicles. The institutions will be required to reflect all new vehicles on their balance sheets. We believe that since some companies may not survive if they have to insert the old vehicles into their balance sheets today, the old vehicles will be allowed to be wound down without being inserted into the balance sheet. Of course the ultimate effect is the continued de-leveraging of the world financial institutions, which has been going on for several months. To read more on FASB's proposed changes, click the following link to an article in the Friday, May 2nd edition of the Wall Street Journal. online.wsj.com/article/SB1209...61495.html cmkxgroup.proboards88.com/index.cgi?board=general&action=display&thread=19699
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Post by imSINGLEruRICH on May 6, 2008 12:26:36 GMT -5
By: gusjarvis 06 May 2008, 01:03 PM EDT Msg. 715905 of 715920 (This msg. is a reply to 715874 by sparkysantos.) Jump to msg. # sparkysantos actually there is a simple cure for naked short shares, a buyout or tender offer. The counterfeiters are then responsible for the same payout as the real shares were sold for, this is the easiest solution to the situation.
By: sparkysantos 06 May 2008, 01:17 PM EDT Msg. 715913 of 715922 (This msg. is a reply to 715905 by gusjarvis.) Jump to msg. # GUSJARVIS:
Your 100% correct; but that could easily become a mathematical impossibility too. In fact, I'm hopeful that just such an event was created in order to force a deal.
An example would be if the entire legitimate float except for one (1) share was retired and then the company sold an asset in exchange for let’s say $ 10,000 a share.
And speaking of cures, IMO a nice CMKM Diamonds settlement, especially one north of ten cents a share, would not only make the upcoming Bush Administration stimulus package actually stimulate the nation's sagging economy; but it would also spare this country the planetary embarrassment of having half of its "financials" fail.
For after all, if we ever do get a settlement, then we can all rest assured that those funds leaving the banks is what really caused the crisis we now seem to be in up to our eyeballs. And conversely, if settlement funds were to be disbursed, the funds would ultimately end up right back where they came from - on the computer screens of the US financials.
I always enjoy your posts ~
BR,
Sparky
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Post by soonerlew on May 6, 2008 12:30:09 GMT -5
From pedro of 66... Santos and Rumyantsev have been served! 05/05/2008 30 SUMMONS Returned Executed by Securities and Exchange Commission re 16 Summons Issued. Anthony Santos served on 4/21/2008, answer due 5/11/2008. (Hakala, Leslie) (Entered: 05/05/2008) 05/05/2008 31 SUMMONS Returned Executed by Securities and Exchange Commission re 15 Summons Issued. Sergey Rumyantsev served on 4/14/2008, answer due 5/4/2008. (Hakala, Leslie) (Entered: 05/05/2008) Looks like Sergey Rumyantsev Answer to the Complaint was due today!
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Post by soonerlew on May 6, 2008 12:32:17 GMT -5
Pedro2004 The Cook Re: Santos and Rumyantsev have been served! « Reply #3 Yesterday at 3:06pm » -------------------------------------------------------------------------------- Yesterday at 2:53pm, schmedrickk wrote: Click on the house picture to see a nice closeup of Anthony Santo's house in Las Vegas, wow this is pretty slick, lol tinyurl.com/4dkhj7cmkxdiamond.proboards66.com/index....ay&thread=56857
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