Post by johnjrambothe2nd on Nov 19, 2009 14:43:35 GMT -5
compliments of Millionaires Board:
Re: The Weekly Buzz 11/16/09
« Reply #9 Today at 5:54am »
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Today at 3:37am, BHollenegg wrote:
Today at 1:28am, ShowMeTheMoney wrote:FYI....
The DOJ claims the average sales price for CMKX Shares was $.00071. If 6. 4 Trillion CMKX Shares were sold, and that $.00071 figure is the real average pps, then investor losses would total $4,544,000,000 ($4.54 Billion). That would be way bigger than Maddoff.
And, even with 50,000 CMKX investors, the average amount of money spent by each investor would equal $90,880. That sounds high to me.
Therefore, based on the math alone, I'm not convinced yet about the 6.4 Billion figure in NSS... though I have no doubt NSS in CMKX did occur at some level.
Frizzell's 1.2 Trillion share count number sounds a bit closer to reality as that would mean the total shareholder looses would amount to $852,000,000 ($852 Million)... with an average individual shareholder losses at $17,040.
Here's another possibility. The Task Force counter stopped at ~622 Billion shares, as I recall. The SEC and DOJ are claiming they can account for 425 Billion shares sold via the Defendants. This still leaves (622 - 425) 197 Billion shares left unaccounted for. Perhaps that is the actual NSS number.
In that case, 622 Billion shares times an average pps of $.00071, means total shareholder losses would be $441,620,000... of which $139,870,000 (~$140 Million) would be due to illegal Naked Short Selling (NSS), and the remaining $301,750,000 ($301 Million) from the sale of the Defendant's unregistered shares.
The 622 Billion total share count figure would also mean that the average investor losses, assuming there are 50,000 investors, would be ~$8,832.40... and that number really seems much closer to a real figure.
But, who knows for sure...
AIMO,
- Show
Hello Showmethemoney...
When the CIM dividends were paid out there were 1.2 to 1.4 Trillion Shares distributed to the Shareholders on record. Not all shareholders were paid the dividends. There are Shareholders in other countries that were not counted because of lack of PRs and overseas brokers refusing to participate.
When computing valuation of this stock, the naked shorting of this stock did affect the price of the stock and needs to be considered. Trading billions and billions of shares a day with no increase in the price
because the brokers were holding down the price created a huge loss.
Thank you ShowMeTheMoney,
BHollenegg
Re: The Buzz Chat 11/16/09
« Reply #33 Today at 4:52am »
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Nov 17, 2009, 1:20pm, ines wrote:Hodges is talking about suing.
He is getting investors right now.. to put money in for that endeavor.
Only people that are filled as plaintifs will get the money out of it if it ever comes out to anything.
You dont ask only certain people for 10,000 to 15,000 and they give it to you..
and then .. they share money with everybody...
If they give you 10k or 15 k they expect any returns for themselves.
And again.. who is on the list of plaintifs gets the money.
We will see if anything ever gets filled.. ever,, that is still in the question.. and then it might be thrown out..
but.. people in the know.. that talk about this behind the scenes..
also feel and are of opininon that this is no different then.. when Hodges filed in the past.. with few friends..
and only those people were plaintifs.. and only there were getting any money, and only those people invested in the lawsuit.
Hello Ines,
Your information from the "people behind the scenes who know" is wrong. Attorney Hodges is taking undisclosed action on behalf of all shareholders and will release information to all, as soon as he can do so. Please refrain from spreading false information on this matter.
Thank you,
BHollenegg
« Last Edit: Today at 5:02am by BHollenegg »
noahltl1.proboards.com/index.cgi?board=cmkx1&action=display&thread=1982
Re: The Weekly Buzz 11/16/09
« Reply #9 Today at 5:54am »
--------------------------------------------------------------------------------
Today at 3:37am, BHollenegg wrote:
Today at 1:28am, ShowMeTheMoney wrote:FYI....
The DOJ claims the average sales price for CMKX Shares was $.00071. If 6. 4 Trillion CMKX Shares were sold, and that $.00071 figure is the real average pps, then investor losses would total $4,544,000,000 ($4.54 Billion). That would be way bigger than Maddoff.
And, even with 50,000 CMKX investors, the average amount of money spent by each investor would equal $90,880. That sounds high to me.
Therefore, based on the math alone, I'm not convinced yet about the 6.4 Billion figure in NSS... though I have no doubt NSS in CMKX did occur at some level.
Frizzell's 1.2 Trillion share count number sounds a bit closer to reality as that would mean the total shareholder looses would amount to $852,000,000 ($852 Million)... with an average individual shareholder losses at $17,040.
Here's another possibility. The Task Force counter stopped at ~622 Billion shares, as I recall. The SEC and DOJ are claiming they can account for 425 Billion shares sold via the Defendants. This still leaves (622 - 425) 197 Billion shares left unaccounted for. Perhaps that is the actual NSS number.
In that case, 622 Billion shares times an average pps of $.00071, means total shareholder losses would be $441,620,000... of which $139,870,000 (~$140 Million) would be due to illegal Naked Short Selling (NSS), and the remaining $301,750,000 ($301 Million) from the sale of the Defendant's unregistered shares.
The 622 Billion total share count figure would also mean that the average investor losses, assuming there are 50,000 investors, would be ~$8,832.40... and that number really seems much closer to a real figure.
But, who knows for sure...
AIMO,
- Show
Hello Showmethemoney...
When the CIM dividends were paid out there were 1.2 to 1.4 Trillion Shares distributed to the Shareholders on record. Not all shareholders were paid the dividends. There are Shareholders in other countries that were not counted because of lack of PRs and overseas brokers refusing to participate.
When computing valuation of this stock, the naked shorting of this stock did affect the price of the stock and needs to be considered. Trading billions and billions of shares a day with no increase in the price
because the brokers were holding down the price created a huge loss.
Thank you ShowMeTheMoney,
BHollenegg
Re: The Buzz Chat 11/16/09
« Reply #33 Today at 4:52am »
--------------------------------------------------------------------------------
Nov 17, 2009, 1:20pm, ines wrote:Hodges is talking about suing.
He is getting investors right now.. to put money in for that endeavor.
Only people that are filled as plaintifs will get the money out of it if it ever comes out to anything.
You dont ask only certain people for 10,000 to 15,000 and they give it to you..
and then .. they share money with everybody...
If they give you 10k or 15 k they expect any returns for themselves.
And again.. who is on the list of plaintifs gets the money.
We will see if anything ever gets filled.. ever,, that is still in the question.. and then it might be thrown out..
but.. people in the know.. that talk about this behind the scenes..
also feel and are of opininon that this is no different then.. when Hodges filed in the past.. with few friends..
and only those people were plaintifs.. and only there were getting any money, and only those people invested in the lawsuit.
Hello Ines,
Your information from the "people behind the scenes who know" is wrong. Attorney Hodges is taking undisclosed action on behalf of all shareholders and will release information to all, as soon as he can do so. Please refrain from spreading false information on this matter.
Thank you,
BHollenegg
« Last Edit: Today at 5:02am by BHollenegg »
noahltl1.proboards.com/index.cgi?board=cmkx1&action=display&thread=1982