thanks.....pennypauly
Old Post from Lowriderbill Some here Need this Posts imo
I SURE DID!!!!!!!!!!
Thank you
lowriderbill
Re: SOMETHING TO THINK ABOUT – PART I« Reply #5 on Feb 25, 2008, 3:18pm » Tex,
I started this thread the other day, but it didn't get much attention. It has do with what you're talking about. Take care...
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tinyurl.com/32puteDon't forget to follow the links back for the whole conversation:)
Some folks have asked me if I have any "sources". The answer is no, just a special group of friends and investors that I regularly converse with:)
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ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=669690Chris - I'll take that bet...
However, I'll be up front and tell you that I don't believe anything coming from Tyler and that they are holding up our movement forward.
I believe the following:
1) That CMKX will never recover any claims.
2) That CMKX has no right, title, or claim to the Entourage shares.
3) That CMKX won't exercise a reverse split.
4) That CMKX can't cancel any of the shares.
I believe the following will happen moving forward:
1) That funds collected from a forced buy-in were retained in trust.
2) A conversion to a new company will be offered to bonafides.
3) That the funds in trust will be used to offer a buyback.
4) That any remaining shares after a buyback will be converted.
5) That the new company is actually a holding company where any assets and claims that were supposedly stolen or misappropriated will be rolled into.
Chris, you know I repsect you and the research you've provided. However, the vast majority of the shares that were issued to insiders and friends have already been sold. They're not there to cancel anymore.
The one thing that stands out in my mind more than anything else is Tyler's concern for those that don't have certs. They've stated it in their updates and have talked about it since the cert pull. Who doesn't have certs? Retail shareholders? Brokers? Insiders? Affiliates of Tyler?
If there was no short and no forced buy-in was conducted then why doesn't everyone have certs? It should be as simple as requesting them from your broker. There are only a few reasons I can think of:
1) Certain folks didn't request certs during the timeline allotted where Nevada statute was complied with for notification.
2) Certain folks decided to leave their shares in electronic form even when directed by the company to pull certificates for distribution.
3) That the bankruptcy plan disqualified any unrighteous shares meaning those that were purchased under other than honorable conditions.
The beating of the war drums by Tyler against Urban is a complete joke. It doesn't take a year to serve someone in this day and age. In addition, why is it necessary to hire Trimbath for another audit unless someone isn't happy with the final list of bonafide shareholders provided by the Task Force? Finally, the ridcule by Tyler of otherwise good people makes me sick.
Your comments are always welcome although we may disagree:)
Lowriderbill
more from Lowriderbill
Result #42 on Apr 3, 2008, 12:56pm » With all due respect to those contributing to this thread including Wodan, I disagree with everything being discussed. I have a feeling that the information is either old or incomplete.
I don't believe we'll ever be paid an NSS settlement. I believe what we're waiting on is the announcement and roll out of a new company not the SEC, DTCC, brokers, Casper, Wanta, or any alphabet agency. Instead, the new company will make bonafide shareholders an offer to purchase their shares directly. Sell back what you want and the balance will be converted to the new company's shares. My bet is still on CIM in whatever form or name it ultimately morphs into.
Where does the new company get the funds from? IMO funds were collected by a trust (controlled by the new company) that sold electronic markers back to the brokers to cover their short during the cert pull. When brokers bought back their short, shareholders received their certs. I believe the bonafide shareholder's list was created with the names of those that received certs. These will be the only people allowed to participate in a buyout and move forward with a new company. In addition, I believe the delay in announcing the new company has to do with those that aren't happy with the bonafide list. They seem to be laying down on the tracks and preventing the train from leaving the station.
Have a good day...
Lowriderbill
and a little more from
Lowriderbill Reply #34 on Feb 25, 2008, 10:54pm » Let me help. If you subscibe to the theory that I do and have posted about many times, a trust held the majority of shares. He who controls that trust controls the shares and ultimately the company. If those shares were purchased overseas in a country that doesn't report to ADP/OBO/NOBO and held in electronic form for the purpose of a forced buy-in, then KW can say UC didn't own 51% personally. In addition, KW would also be correct in stating that no one person holds more than 51%. Why? Because the bonafide shareholders now own some 630 billion REAL shares of the company. We are the majority holders. We DO NOT own NSS. The NSS is gone and funds are retained in trust for future distribution IMO.
Lowriderbill
This post sets the Ground work imo
read it twice!!!!!
Unreal Lowriderbill Reply #60 on Feb 26, 2008, 1:29pmTex,
What I mean is that a trust can open a trading account(s) the same as anyone else. That trust can then purchase shares from the open market just like anyone else, even to the tune of 703 billion or more. That trust can also hold the shares in certificate or electronic form. If certificates are requested, then the usual process through the transfer agent is follwed. The problem is a record is created. That's why the trust would want to leave them in electronic form. If the country where the shares are purchased doesn't report to ADP/OBO/NOBO, then an entry to Cede and Company is never created. Thus, the information publically available still only shows 703 billion outstanding. However, the trust still has the same right, title, and claim to ownership of the company because they were purchased legitimately. It then becomes a system problem (ie stock borrow program, continuous net settlement system, etc) where there are too many claims for the same underlying asset.
The advantage to us is that those electronic markers can then be purchased directly from the trust. When brokers received a request for a cert, UC had to approve the request before the transfer agent would deliver the cert. The trick is that UC wouldn't approve a cert request until that broker purchased his electronic marker from the trust first. Once the marker was purchased, the naked short or failure to deliver was covered with the proceeds retained in trust. Therefore, we retail shareholders own 630-703 billion real shares as the short is gone.
Just ask yourself why Tyler has completely backed away from the opportunity that was handed to us on a silver platter. IMO, someone isn't happy with the final list of bonafide shareholders provided by the task force. It remains to be seen if the concern for those not able to obtain certs is for brokers, retail shareholders, or affiliates of Tyler since only those bonafide with certs will be able to move forward.
Lowriderbill
these are worth printing imo... when we get paid just hand these printed posts to who ever needs explaining$