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Post by speedomodelisback on Nov 17, 2009 20:52:14 GMT -5
Hello, 3Bid, thanks for taking the time to respond...
Yes, it should all be about Truth and Transparency.
What else should be expected in a "civilized" society...?
And, yet, the animal called Homo Sapien is the least "civil" of all who walk the Earth...
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Post by snifferpup on Nov 17, 2009 22:33:42 GMT -5
digbyvegas memberMarried and Loving it!Joined: Aug 2007 Gender: Male Posts: 7 Location: Woodbridge, VA Just a tidbit to be shared « Thread Started Today at 11:24pm » ----------------------------------------------------------Since I've been misquoted and disparaged in various venues, I figured I'd just say it outright in my own words. What I am hearing/piecing together from many conversations is that the 90 day window published for us to get a new Transfer Agent selected is, in actuality, an alternate means of putting a freeze on any CMKX transfers. It only takes hours to get a new transfer agent selected and another week or so to get the records up and on-line with them. This includes receiving the pre-printed cert forms and having the legal documents in place to allow for processing. The 90 day window is to lock in a firm shareholder list for those activities being worked. My understanding is that the conglomerate is being formed and an IPO is in the offing at (approximately) the end of the 90 day window. This would be around the 28th of December. In order for an IPO to occur, a prospectus has to be firmed up and filed with the agent (typically a bank) that is backing the IPO. A conglomerate can be formed and agreements put in place, to include contacts with the other companies forming the conglomerate, on the contingency that payments will be made from the funds raised during the IPO. When a company (or conglomerate) buys out another company, they assume responsibility for all obligations that the purchased company has committed to. They also get all the tangible and intangible assets in the possession of said company. Let's say, hypothetically, that a company is bought wherein something of value (such as claims) had been sold. If the company bylaws state that said proceeds are to be distributed to the shareholders equally and such action has yet to occur, the purchasing entity has to arrange for the completion of this old business prior to or at the time of purchase. In like fashion, the liquidation of the outstanding shares (if the bought entity is to end) would have to be arranged for. One way to do this can be through a tender offer. If the bidder in the tender offer attains 90 percent (or in some states 95 percent) ownership through the offer, the merger can be completed right away as a "short form" merger without a vote of the target's other stockholders. Other means can also be used. Whatever means is being used to facilitate the buyout, it has to be in place and agreed to prior to the IPO, if the assets of the purchased company are being used to attract buyers at the IPO stage. It has to be documented (if not completed) prior to the IPO especially if the purchase is contingent upon funds raised during the IPO. In order for all of the above to occur, we would have to get packages around (I'm hearing) Thanksgiving. This is all I have. Hope this clarifies things. I don't "KNOW" that this will occur any more than anyone else who has ever shared what they hear/believe knows for certain. I only share what I have. camrhon.proboards.com/index.cgi?action=display&board=safe&thread=6029
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Post by imSINGLEruRICH on Nov 17, 2009 23:38:25 GMT -5
Thanks Seagull.... Hawkeye spoke Deli briefly today.
He was very busy but said he heard we are going to have news this week.
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Post by imSINGLEruRICH on Nov 18, 2009 13:35:37 GMT -5
ty bikinipro
tramp Administrator Re: gossip 11/18/09 « Reply #2 Today at 8:20am »
and which i said at the time of that PR on sept 30 about the T/A and within 90 days...
a time clock has been started..
and i was dropped a hint yesterday morning about hearing something this week.. and it was not from deli..
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Post by Display Name on Nov 18, 2009 13:59:08 GMT -5
ty bikinipro tramp Administrator Re: gossip 11/18/09 « Reply #2 Today at 8:20am »and which i said at the time of that PR on sept 30 about the T/A and within 90 days... a time clock has been started.. and i was dropped a hint yesterday morning about hearing something this week.. and it was not from deli.. Yeah, he heard it from his other 2 friends; bakery & liquor store.
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Post by chris on Nov 18, 2009 18:26:27 GMT -5
I find it amazing that tramp has the guts to post something; he is clueless, always has been.
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Post by varnson on Nov 18, 2009 20:01:31 GMT -5
It is more important for Tramp to be "in the know" then the truth or facts being even half corect. I know because I have known him for years, he is so emotionally invested in this being successful that he believes anything and jumps from rumor to rumor usally from Poof/worldBS/4 winds...sad but true.
He has told people they will become Billionaires on CMKX when in fact it is what it is a penny stock that has been revoked for 5 years+ that never turned a dime as a legit business. He means well but he is blinded by pure belief will get him there?
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Post by speedomodelisback on Nov 19, 2009 0:07:32 GMT -5
It is more important for Tramp to be "in the know" then the truth or facts being even half corect. I know because I have known him for years, he is so emotionally invested in this being successful that he believes anything and jumps from rumor to rumor usally from Poof/worldBS/4 winds...sad but true. He has told people they will become Billionaires on CMKX when in fact it is what it is a penny stock that has been revoked for 5 years+ that never turned a dime as a legit business. He means well but he is blinded by pure belief will get him there? Varnson, I've been on the boards since the original company board; and while I stopped listening to Tramp when he claimed we were worth $40/share, when the OS wasn't even known, I will say one thing about him: He has been passionate about this stock and has always stuck to what he believed in. My God, how many people pumped and promoted this stock...? People like Dr. D, Blue Diamonds, CDLIC, Crawdadds... The list is endless of people who promoted this stock and then just DISAPPEARED or turned 180 degrees - without even having the balls to apologize to the thousands of shareholders that they helped influence to empty their hard-earned money into this stock. Honestly, Urban could NOT have sold 800 Billion shares without the help of people like this. I have more respect for Tramp than the numerous mysterious aliases who pumped the chit out of this stock, and even attacked other posters for questioning the fortitude of this stock. At least he has a shred of integrity. Be him right or wrong.
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Post by varnson on Nov 19, 2009 8:50:13 GMT -5
You are correct this micro penny stock was pumped from the top of the company to paid pumpers. 800 Billion shares of unregistered shares were dumped into the market and the CEO didn't know it I guess his management skills were a tad lacking in many areas. How about others at the top that seemed to slip their radar as well, that is a sad excuse for a nefarious endeavor.
I bought in more the double plus then the average but when I started to see the volumes in the summer of 2004 I certed it all including CIM "which never was a company so its worthless" What I have said many times before is that these rumors from years ago are now passed off as fact. Many of those rumors are from the bogus PRs "The DOJ words not mine" People like Tramp believe if it is in a PR it is absolute that it has to be executed when in fact PRS can say anything because they are just comments on the future of the endeavor.
It saddens me to see all these people believing that what was said years ago has to be true and years later it is passed off as fact. Its like when someone runs for office they say whatever will get them elected and in most cases what they put out never is put in to effect.
As I said I want everyone to get back at least their initial $$$$ but when a company issues 100s of billions of unregistered shares that is their responibility and it all falls on the CEO. The SEC was not doing their jobs but then again they did not issue the shares did they? Its like poisoning a river then blaming the river, we have maybe an outside chance to get something back but as I have said it has to be PROVEN in a Fed court in the USA and that my friends is a monumental task that will cost millions in attornies fees regardless of who is at fault.
I hate to see people believing these unconfirmed rumors like we were sponcored by Citi Group "we were never sponcored by Citi" we did have a 3 inch decal that many cars wore because it pays round money nothing more, that the Chinese own part of us? that IBM engineered this all to save CMKX and the markets...never happened IMO.
He was a nice man but was never as powerful as some like Tramp profess. It is reckless to propetuate these rumors as facts because it is false hope and that is a dangerous thing and crule as well but it does serve the ida that this was all planned by those that perpetuate the rumors.
I want people to get something and that may happen because anything can happen just look at whats happening to America and our Maxist Prez, you think if there were 100s of billions waiting for us he would give it to us...if so you better think again.
I hope for the best because thats all we have but in business hope is a non starter FACTS are.
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Post by hundredtoone on Nov 19, 2009 8:51:11 GMT -5
The BEST pumpers were the BASHERS...they had to PUMP in order to DUMP in order to SHORT so they could BASH and the hopefully KILL CMKX...those PUMPERS like NUFF/PEDRO/FAULK/and many others that turned BASHER after the dump...and the ones that are RESPONSIBLE for letting it happen was the REGULATORS...and THEY are who is TRULY responsible IF we have a loss...I still believe we will get the HUGE PAYOUT but only after the dust has settled...IMO...Flying Moose(cmkxunofficial)
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Post by varnson on Nov 19, 2009 9:20:05 GMT -5
Hundred I hope that is true but you do know you can not short a stock under 5.00 besides why short a micro "SEC rules don't allow it" when the profit is so tiny compared to the 10s of thousands of other issues of real companies that real money can be made on?
Some will say that Citi was shorted under 5.00 but thats because it was over 5.00 but when an issue falls under 5.00 for more then 30 trading sessions it is then techically unshortable, so a OTC micro "penney stock" never would be allowed to be shorted in the first place.
The problem was that the market was flooded by 100s of billions of bogus shares that were not legit. It could be said that all those shares were technically never valid in the first place so they may be cancelled IMO but that is up to either a judge or the SEC.
It is true the SEC let this happen but in the end IMO a judge will say what happened first? The dumping of unregistered shares are the root cause not the SEC allowing them to be traded because the company caused this not the SEC, so in the end maybe a payout of .0001-.005 might be a reality but its a very long shot and its all up to a court and not public opinion.
Keep in mind nobody pays in fraud cases unless they are forced to by a court decree and then the question is "Do they have the money to pay out"
Judgements mean nothing if there are not any funds and criminals usually don't save the $$$ they blow it all because they are criminals, just ask the WorldCom investors that are still waniting and that was a real company with a real biz and real revenues...at least for awhile LOL
I want to be believe but believing blindly does not mean that anything will come of it but to some that is comfort for their dream but my CMKX dream died long ago...but you just never know LOL
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Post by imSINGLEruRICH on Nov 19, 2009 9:46:48 GMT -5
ty bikinipro gusjarvis King of Diamonds Re: It's TIME for a Roll Call.... « Reply #12 Yesterday at 8:20pm » the next two weeks will be very very fun
some foot in your azz syndrome is going around! gusjarvis King of Diamondsdon't lurk, we are about to put on maximum pressure to release info, join the fight
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Post by imSINGLEruRICH on Nov 19, 2009 9:56:21 GMT -5
Jo DIAMOND JEDI MASTER Re: The Buzz Chat 11/16/09
I like what Listener post says from a year ago. The interpleader was held over the heads of the brokers to force a settlement. I think the reason we never saw the end result of that is because it was never filed. It would have been worse for them if it iwas. What I cannot get a handle on is what is taking so long to get the settlement into our hands. Can they not distribute a partial settlement, and the rest as it comes in? And why would they give the brokers so much time to settle if there is a few stragglers still? I cant wait to see how this plays out. I think the settlement is there and waiting, whether it is completely collected, I still wonder. I truly believe the Does and Roes are slots for the brokers in the Tyler lawsuit. Why havent they plugged in the names yet? Is it like the interpleader concept? A dangling noose? I really wonder why they are being given so much time to reconcile with us, if this is true. Makes me wonder if it is the government intruding into the process.. for the sake of saving face. How can you save what you dont have?
I just cant help but think that the settlement is collecting some serious interest, of course this is because I think there was one, complete or not.
I wonder if the shareholders would benefit from placing a little pressure on the corporate office of one broker at a time. I like E trade for starters, but thats just me.
imo
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Post by hundredtoone on Nov 19, 2009 10:04:17 GMT -5
Oh boy this is like OLD TIMES...first NS DIDN'T EXIST...then when that was proven to be a lie it was CAN'T SHORT A PENNY STOCK...HA HA...which rules did the SEC ever enforce???...HA HA...and WHO stopped outside brokers from CANADA and MANY OTHERS from SELLING bogus NSS of CMKX...the answer to ALL of those questions is NOTHING... Other recent rulemakings by the SEC can be neatly described by a single, four letter word that is the source of many nightmares for securities operations professionals � the word is "FAIL." Fail is an especially appropriate word to describe the substance of one of these rulemakings, and the process and theory of others. The first rulemaking is the pending proposal to amend Regulation SHO, and thus relates to the noun form of the word "fail" � as in a "fail to deliver." I am happy to report that the amendments under consideration by the Commission would, if adopted, help reduce the number of aged fails to deliver. These amendments would eliminate the now-notorious "grandfather" exception from Reg. SHO and would limit the scope of the options market maker exception." "I can't leave the topic of "fails" without touching on one more highly important issue currently facing the Commission. This goes back to the meaning of "fail" as a noun. The SEC has recently been involved in a very proactive (some might even say prudential) exercise with respect to the issue of fails in the OTC derivatives markets. In response to reports of widespread documentation problems in those markets, the SEC has joined forces with other regulators, most notably the Federal Reserve Board and Britain's FSA, to encourage OTC market participants to clean up years of incomplete and inaccurate trade documentation. The need to act was clear. From all reports, the backlog of unconfirmed trades, which essentially are fails, and the widespread and unchecked use of novations in the credit derivatives markets had crippled risk management efforts and set the stage for a massive meltdown in certain default scenarios. Given the multi-trillion dollar aggregate notional amounts of the contracts involved, it was easy to see that the OTC derivatives dealers and their counterparties had created an operational problem similar in scope to the late 1960's back-office crisis on Wall Street. In September 2005, the Federal Reserve Board and other regulators including the SEC called together 14 major OTC derivatives dealers to address these operational issues." THIS IS DIRECTLY FROM ANDREW HILL THE PR PERSON FOR CMKX SHOWING THE SEC COLLUDED WITH ROGER GLENN WHO WAS NOT INDICTED AND WORKED PRIOR WITH THE SEC: cmkxunofficial.proboards.com/index.cgiOh yeah they were FAILS ...excuse the language...thanks for the memories...Flying Moose(cmkxunofficial)
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Post by hundredtoone on Nov 19, 2009 10:09:45 GMT -5
Day Trading - Shorting penny stocks Expert: Ren Richardson - 10/23/2007 Question Are professional traders/brokers allowed to short penny stocks? I know I'm not allowed to take a short position on a penny stock. Is anybody allowed? Answer Jerry, Sure, shorting penny stocks is allowable. The question is, what kind of shorting is allowable? Legally, you must first borrow shares to be able to short them since you need to be able to deliver the shares whenever you sell. Shorting without actually borrowing the shares is called naked shorting and is technically illegal. I say "technically" because, as a practice, naked shorting happens often and is, for the most part, overlooked by regulatory agencies. It has lately been a topic of controversy however. The issue with penny stocks is that procuring borrowed shares can be very difficult. So that in itself makes shorting unavailable with many penny stocks (usually a broker will not allow such shorting to retail clients if the broker does not carry inventory of those stocks). Nevertheless, naked shorting still happens on more actively traded penny stocks. So while illegal, I guess it depends on your definition of "allowable." Best regards, Ren Richardson en.allexperts.com/q/Day-Trading-2242/Shorting-penny-stocks.htmI think there were PLENTY of shares available to BORROW from JE in CANADA...and under RULE 100 they could BORROW ten times as many as JE had in his account...WITHOUT JE having to move or sell the shares IMO...Flying Moose(cmkxunofficial)
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