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Post by soonerlew on Oct 9, 2009 19:27:37 GMT -5
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Post by soonerlew on Oct 9, 2009 19:28:23 GMT -5
By: newtopennies 09 Oct 2009, 09:31 AM EDT Rating: Msg. 876497 of 876664
Jump to msg. # 99...SO IS THERE TWO victim classes here in CMKX land? Do we have 'certed victims' and 'non-certed victims'? Obviously, they can't treat shareholders and 'unshareholders' the same, can they? eom.
By: aladin99 09 Oct 2009, 09:44 AM EDT Rating: Msg. 876503 of 876664 (Reply to 876497 by newtopennies)
Jump to msg. # N2P - U must be right! 2 victim classes and one will win and the other will regret..........
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Post by soonerlew on Oct 9, 2009 19:32:13 GMT -5
By: newtopennies 09 Oct 2009, 09:31 AM EDT Rating: Msg. 876498 of 876664
Jump to msg. # 99...SO IS THERE TWO victim classes here in CMKX land? Do we have 'certed victims' and 'non-certed victims'? Obviously, they can't treat shareholders and 'unshareholders' the same, can they? eom.
By: Raging_Turtle 09 Oct 2009, 10:58 AM EDT Rating: Msg. 876522 of 876664 (Reply to 876510 by joesixpack333)
Jump to msg. # No, joe, that's not what it means. And if there is any recovery, any shareholder, certificate or brokerage will have an equal shot.
However, anybody that bought after the fraud was widely known will not be eligible for anything.
By: joesixpack333 09 Oct 2009, 11:02 AM EDT Rating: Msg. 876523 of 876664 (Reply to 876522 by Raging_Turtle)
Jump to msg. # Interesting that a class action isn't required.. the DOJ is handling it personally..
*** A questionnaire will be posted here on Monday, October 19. Please check back. ***
By: joesixpack333 09 Oct 2009, 10:04 AM EDT Rating: Msg. 876510 of 876664 (Reply to 876498 by newtopennies)
Jump to msg. # nwt.. according to an old rumour.. certed holders will get paid but those that didn't/couldn't get certs would have to wait for their court battle.. seems their battle is just starting.. hopefully.. it means we (with certs) are getting paid..
By: newtopennies 09 Oct 2009, 11:09 AM EDT Rating: Msg. 876525 of 876664 (Reply to 876522 by Raging_Turtle)
Jump to msg. # TURTLE....YOU HAVE to agree that there are TWO distinct groups of shareholders in CMKM, those with certifcates and those without. How can an agency treat them the same? Certs are proof of purchase and electronics are 'air shares' or they are still registered to Cede and Co. Yet, we all appear to be victims of 'stock fraud' on a grand scale. eom.
By: pleiadian 09 Oct 2009, 11:17 AM EDT Rating: Msg. 876528 of 876664 (Reply to 876525 by newtopennies)
Jump to msg. # Air shares may get some restitution Cert shares will get restitution and move on as the conglomerate entity..
By: aladin99 09 Oct 2009, 11:17 AM EDT Rating: Msg. 876529 of 876664 (Reply to 876525 by newtopennies)
Jump to msg. # N2P - Restitution will clear out this issue... one way or another....
By: Raging_Turtle 09 Oct 2009, 11:25 AM EDT Rating: Msg. 876536 of 876664 (Reply to 876525 by newtopennies)
Jump to msg. # Newto-the fraud took place while CMKX was domiciled in Nevada, whose statutes explicitly forbid treating certificate and electronic shareholders.
As for "air shares," that is simply your delusion.
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Post by soonerlew on Oct 9, 2009 19:36:33 GMT -5
By: Raging_Turtle 09 Oct 2009, 10:58 AM EDT Rating: Msg. 876522 of 876664 (Reply to 876510 by joesixpack333)
Jump to msg. # No, joe, that's not what it means. And if there is any recovery, any shareholder, certificate or brokerage will have an equal shot.
However, anybody that bought after the fraud was widely known will not be eligible for anything.
By: rosencrantz2010 09 Oct 2009, 11:16 AM EDT Rating: Msg. 876527 of 876664 (Reply to 876522 by Raging_Turtle)
Jump to msg. # turtle, how would any retail investor have known of fraud? when was this determined in a court of law,,, when the stock was still trading?
so, since it wasn't known beforehand that means you believe cmkx investors will be eligible for restitution.
By: Raging_Turtle 09 Oct 2009, 11:27 AM EDT Rating: Msg. 876538 of 876664 (Reply to 876527 by rosencrantz2010)
Jump to msg. # Well, rosie, there was that suspension and revocation. Did it not give you a clue?
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Post by soonerlew on Oct 9, 2009 19:37:15 GMT -5
By: nigel773 09 Oct 2009, 11:31 AM EDT Rating: Msg. 876539 of 876664 (Reply to 876449 by eaglesrock2008)
Jump to msg. # eagle, Not a basher here BUT....did you read that dumb article regarding restitution? All maybes/mays/whatifs.....Nothing , I repeat nothing guaranteed. A waste......
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Post by soonerlew on Oct 9, 2009 19:38:14 GMT -5
By: Raging_Turtle 09 Oct 2009, 11:45 AM EDT Rating: Msg. 876546 of 876664 (Reply to 876543 by rosencrantz2010)
Jump to msg. # After the initial hearing and before the appeal was dropped, rosie, suckers bought billions of shares.
By: rosencrantz2010 09 Oct 2009, 11:57 AM EDT Rating: Msg. 876552 of 876664 (Reply to 876546 by Raging_Turtle)
Jump to msg. # turtle, i suspect you are right. i'm sure several billion shares were bought following the hearings. nonetheless, that still leaves 700B shares sold to retail investors prior to the hearings.
in other words, the system sold shares to unsuspecting investors like there was no tomorrow and nothing wrong.
what is the American consumer to do when the largest US financial institutions and the Federal Government fail to protect consumers for well over two years.
imagine the political fallout for a presidential administration if US consumers learned that administrative officials had known about and allowed the sale of tainted beef to US consumers for several years, and did nothing to stop it; and as a result of the sale of that spoiled, rotted beef several hundred citizens lost their lives and thousands more were permanently injured and made deathly ill?
what would happen and what deserves to happen?
well, we have a case here with many similarities to what i just described. it wasn't tainted beef but it sure was rotten shares. and the government knew and let it continue for over a year.
i'm happy to see people go to jail for the crime. justice must be served.
By: rosencrantz2010 09 Oct 2009, 12:13 PM EDT Rating: Msg. 876553 of 876664 (Reply to 876552 by rosencrantz2010)
Jump to msg. # turtle, i think we can all agree that justice must be served. the guilty parties must be rooted out and made to face the law.
the truth is out there and it can be uncovered. we need to put our best security lawyers and investigators on this and determine how a crime this big could have been allowed to continue for such a long time.
we're talking about government officials, wall street officials and company officials that knew about the "rotten beef" and did nothing to stop its sale.
these officials allowed tens of thousands of unsuspecting citizens to spend thousands of dollars on average buying "rotten beef."
we've seen deaths, families torn apart, illness, sickness and emotional torment resulting from the purchase of this "rotten beef."
just as the Food and Drug Administration was established to protect American consumers from dangerous food and drug products, the Security and Exchange Commission was set up to protect American consumers from being cheated on Wall Street. The SEC can't protect or stop people from making bad investment decisions but the SEC is charged with protecting people from criminal activity designed to cheat the honest investor. that's what happened here, that is, tens of thousands of people were cheated.
Now the law needs to bring those responsible for this crime to justice and make the guilty pay.
no more "ROTTEN BEEF" on WALL STREET!
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Post by soonerlew on Oct 9, 2009 19:38:44 GMT -5
By: calvinwinters 09 Oct 2009, 11:56 AM EDT Rating: Msg. 876551 of 876664 (Reply to 876522 by Raging_Turtle)
Jump to msg. # Joe & Raging_Turtle: Seems like its more a case of,"They're all air shares its just we got paper that says how much air we bought."
cal
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Post by soonerlew on Oct 9, 2009 19:40:40 GMT -5
By: aladin99 09 Oct 2009, 12:37 PM EDT Rating: Msg. 876559 of 876664 Jump to msg. # DOJ indicted all six key players but also had somewhat respect here by the language that they used.. 1> CMKM emerged from the shell... This was true.... 2> Acquired interest in VAST mining claims in Canada... 3> During this SPAN..... SPAN? Hope this was true... 4> Went on and compared us with MSFT and GE....lol 5> Admitted that the trading volume exceeded Intel's 32-bit math chip.. 6> Continued to say the overwhelming interest in CMKM stock is even more remarkable.... 7> No firm has filed a Form 15c-211 to be listed as a market maker for that stock on the Pink Sheets. I think the DOJ omitted that there were 70+ brokerage firms trade CMKX Is that interesting! convert.neevia.com/prods/8f4d833f-30ef-4b69-a6a9-1dcfa5d3da1e.cvn/DOJ%20Witness%20doc.pdf
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Post by soonerlew on Oct 9, 2009 19:41:30 GMT -5
By: calvinwinters 09 Oct 2009, 01:03 PM EDT Rating: Msg. 876565 of 876664
Jump to msg. # Am I the only investor confused by;The hold up of our alledged restitution payments.
The outcome of DOJ or any other litigation seems unrelated, if in fact the payment percentages are already determined.
Or have I missed it?
cal
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Post by soonerlew on Oct 9, 2009 19:42:46 GMT -5
By: aladin99 09 Oct 2009, 01:37 PM EDT Rating: Msg. 876577 of 876664 Jump to msg. # DOJ posting Restitution Info...If there will not be one then what in the world they would post that? By: calvinwinters 09 Oct 2009, 01:50 PM EDT Rating: Msg. 876582 of 876664 (Reply to 876577 by aladin99) Jump to msg. # aladin:The guidelines for DOJ restitution appear to be in the range of percentages of original investment, not that I'm not appreciative. Unless you're aware of a different outcome, this falls far short of our goal. Are you expecting tenacles from DOJ to a return to trading or forced buyin... I didn't think they had that power.... cal
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Post by imSINGLEruRICH on Oct 10, 2009 13:42:34 GMT -5
ty pennypauly By: tuscan9 09 Oct 2009, 11:13 PM EDT Rating: post rating 0 Rate this post: Msg. 876702 of 876724 Jump to msg. #
Was that a Eagle?
What a ride this has been,...anyone think we didn't have the front row seats ?
this hedgefund money-laundering criminal pit of crime families all vying for first seat has brought us:
Tidbits, Smoke and Mirrors...mis-info and terrific clues of future EVENTS......
Encrypted messages....
Naive buyers of a stock that became a Team of Trackers of the Internet clues dropped our way ! ~
Global syndicated pockets of nasty characters..
Criminal Rings.....
Distractions and Head on Akerts ~
Who was good and Who was bad.. ?
Moduled folks doing brave assignments....
'Key' Key Holders.....
derision....
Hired unsavory characters bring illusions of zippo among DD of Value..??
Down plays and Up Beats.....
Hints of Market Rises and destabilizing Dollar...way ahead of facts..
No talk of Naked Short to Hearings and fancy Letters from folks in High places looking for future awards...
Here we are..... years into this..... we ran the gambit and almost kept parallel with the goin's on !
A MONSTER on the roll...revealing itself too slow for most ...
Congrats to those that have Seen the Picture in 360 now ~
Anyone think they don't hold a 'Cert of Envy' ?
Did you see that Eagle? I believe I did ..
or was that a Canadian Goose on the way North?
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Post by imSINGLEruRICH on Oct 10, 2009 13:44:09 GMT -5
REPEAT.... ty diamondtriple & seagull
By: jay_adobe 03 Sep 2009, 03:35 PM EDT (Reply to 864465 by oldepro)
oldepro, I think it was magnificently scripted and portrayed masterfully by some key players involved, wouldn't you say? You can 'bet your bippy' on every Cree sinew near and in the FALC that he Shore blew that whistle, long and loud, strategically putting into place all that has come to pass, much of which you'll never ever see. A lot of this whole thing is about to be exposed to the public in such a fashion as has never been witnessed before, especially when the derivative phantoms appear, and it will affect and strain relationships between countries globally. Friends and enemies will change sides. Countries will continue to re-align. Full exposure of the derivatives fiasco will hurt, and hurt badly. What a plan. What a marvelously intricate and perfect plan. All in my humble opinion. Enjoy your weekend. BTW, was he 'thrown' under the bus, or did he guide the bus to where we are today? It had to appear as it did. More to come real quickly.
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Post by JoeRockss on Oct 10, 2009 21:11:45 GMT -5
By: aladin99 10 Oct 2009, 09:33 PM EDT Rating: Msg. 876837 of 876849 Jump to msg. # page 51 mentioned CMKM Diamonds...Is that incredible? www.sec-oig.gov/Reports/AuditsInspections/2009/450.pdf By: aladin99 10 Oct 2009, 10:06 PM EDT Rating: Msg. 876850 of 876851 Jump to msg. # SEC ALLOWS CMKM FOUNDER, URBAN CASAVANT, AND CMKM INSIDERS TO ILLEGALLY ISSUE AND SELL 662 BILLION UNREGISTERED/RESTRICTED CMKM SHARES.... FACTS: ======= 2003 From August 2003 to April 2005, the average trading volume in CMKM was about 20xs more than it was the previous eight months. A fax dated 5-26-03, from Lindsey S. McCarthy (LSM), staff attorney for the Securities and Exchange Commission (SEC), to Transfer Agent, 1st Global Stock Transfer (1GST), that mentions James Kinney (JK), a Defendant in the subsequent Civil Action No. 08- CV 0437 of 4-7-08, Securities and Exchange Commission v. CMKM Diamonds, Inc., Urban Casavant, John Edwards, Ginger Gutierrez, James Kinney, Anthony Tomasso, Kathleen Tomasso, 1st Global Stock Transfer LLC, Helen Bagley, NevWest Securities Corporation, Daryl Anderson, Sergey Rumyantsev, Anthony Santos, and Brian Dvorak, United States District Court for the District of Nevada, proves that the SEC was aware of JK's suspicious activities pertaining to CMKM five years BEFORE filing said civil action against him. The SEC fails to investigate the huge increase in volume in CMKM stock and fails to follow up on JK's suspicious activities. By: aladin99 10 Oct 2009, 09:51 PM EDT Rating: Msg. 876847 of 876851 Jump to msg. # Jefferies confessed to violating the rules.... In the "Jefferies Letter," dated 5-6-05, Cathleen Shine, Deputy General Counsel for Jefferies and Company (Jefferies), responds to requests from Ms. Anne Dansard Glowacki, NASD, concerning Jefferies' failure to report certain trades in CMKM in 3-04. Jefferies confessed to violating the rules.... According to the "Jeffferies Letter," the trades, amounting to 111 billion CMKM shares, involves "two broker dealer customers of Jefferies" who requested that trades in CMKM be settled "Ex-Clearing," which are trades that are cleared outside a clearing house and therefore are unreported. That is tantamount to the "two broker dealer customers" requesting that Jefferies allow them to illegally naked short 111 billion CMKM shares. According to the "Jeffferies Letter," Jefferies "made a business and operational risk decision to allow a limited number of broker dealer customers who were long sellers of CMKX to settle the trades "Ex-Clearing."" That is tantamount to Jeffries confessing that it made "a business and operational risk decision to allow a limited number of broker dealer customers to" illegally naked short 111 billion CMKM shares.
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Post by JoeRockss on Oct 10, 2009 21:13:22 GMT -5
By: aladin99 10 Oct 2009, 09:03 PM EDT Rating: Msg. 876831 of 876851
Jump to msg. # If JE/UC will take the plea bargain and pay what the sec imposed on them then don't ask where they got the money....if they pay all that amount then I should expect other money is coming...
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Post by imSINGLEruRICH on Oct 11, 2009 11:14:34 GMT -5
Posted by: jimmym4 Date: Sunday, October 11, 2009 1:20:25 AM In reply to: eric7562 who wrote msg# 280178 Post # of 280192
X-clearing is THE SMOKING GUN!..Jeffy was just a fly swatted off the Elephants azz IMO
Posted by: ctla_4_play Date: Sunday, October 11, 2009 1:59:16 AM In reply to: None Post # of 280192
If ex clearing sales are not the naked short it will be interesting to find out where it is. It was clearly referenced. I understand there are many motivating factors for wanting such kept hidden or otherwise denied, but...
It will be interesting to find out where it is. The "multiple levels" of egregious behaviors are fascinating to study from a historical regulatory scientist's perspective.
Again, saying nss doesn't exist is not an acceptable reply. In drug trade and law enforcement, typically the little guys downstream (Edwards, Jeffries, etc.) are let off the hook if they can find the major dealers doing the larger volumes.
Its simply going to be interesting to track this all down when the clearly stated NSS is identified
Posted by: tiger760 Date: Sunday, October 11, 2009 2:53:00 AM In reply to: jimmym4 who wrote msg# 280185 Post # of 280192
Jeffries will just be the beginning, there will be Knight, Ameritrade and dozens of other market makers and brokers and hedge funds that will be investigated before its all over. It is just my opinion that 50,000 sheep and sheperds aren't going any where any time soon. Its fun to watch the show.
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