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Post by mailman78 on Jul 5, 2010 9:52:29 GMT -5
you still here? haha
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Post by varnson on Jul 5, 2010 10:46:40 GMT -5
Yes I am even tho intelligent dialog is in short supply---My opinion is as valuable as anyone else's nothing more nothing less.
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Post by mustang on Jul 5, 2010 10:54:03 GMT -5
Thank you for your responses. It would change my life, my families life and I would be able to help many of those that are less fortunate. I will just sit back and relax and see what happens. It does look like we are coming to an end here and for me it is kind of like having a lotto ticket. It is fun just thinking about it, but with this I truly believe we will get something out of it. I would just like to have something to read or someone explain how this is possible. At this point it seems like there are a lot of believers of the $3.7 Trillion trust, but it just seems impossible to me. I agree that a settlement in the millions or billions is quite possible, but trillions? I almost wish that Al Hodges would change his lawsuit to $3.7 Billion or $37 Billion, because I think that we would get some exposure.
cmkxerlong, I have a few questions for you or anyone else if they can answer it, because I really don't know the answer. You seem to know quite a bit about "black money". Do you have any articles or can you post something that better explains this and how much "black market" money is out there? Also how does bashing at this point help out the culprits? Again, it probably does help them and I have seen many posts that have said there are paid bashers out there still, but how does that hurt us or Al Hodges at this point?
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Post by miroslav on Jul 5, 2010 11:00:31 GMT -5
I don't believe $3.87 Trillion Trust exist.. Too much. Would take 1 million pickup trucks to carry $3.87 Million bucks each to get $3.87 Trillion. No 1 million peoples damage us....Sorry. 3.87 Billion or million, perhaps..
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Post by cmkxerlong on Jul 5, 2010 11:46:05 GMT -5
There are many articles out there. But you must understand how naked shorting works. If you do not understand this, you need to do a little more research. However, I will put it this way for you. If someone sold a stock to you for "X" amount that they do not own, and they continue to sell to 1000's of other people, it would dilute the stock and drop the price to where it becomes difficult for the company to raise capital. Eventually, the company would file for bankruptcy and the person or entity whose sold you the stock would not be required to buy back the stock that they shorted. Essentially, they would profit a 100% on the stock that they sold to 1000's of shareholders. They would also never have to pay tax on this money because they would never receive 1099 for it because they will not be require to buy the stock back due to the fact that the company filed for bankruptcy. Now, you do that to over 10,000+ companies in the last 20+ years and making billions off each company. Now you can see why this will add up to trillions of dollars. You have to think about it. Why would bashers be around 24 hours bashing away at this stock if it was a revoked stock. There are a few reasons, but one is to break up the shareholder base. United we stand, divided we fall. Thank you for your responses. It would change my life, my families life and I would be able to help many of those that are less fortunate. I will just sit back and relax and see what happens. It does look like we are coming to an end here and for me it is kind of like having a lotto ticket. It is fun just thinking about it, but with this I truly believe we will get something out of it. I would just like to have something to read or someone explain how this is possible. At this point it seems like there are a lot of believers of the $3.7 Trillion trust, but it just seems impossible to me. I agree that a settlement in the millions or billions is quite possible, but trillions? I almost wish that Al Hodges would change his lawsuit to $3.7 Billion or $37 Billion, because I think that we would get some exposure. cmkxerlong, I have a few questions for you or anyone else if they can answer it, because I really don't know the answer. You seem to know quite a bit about "black money". Do you have any articles or can you post something that better explains this and how much "black market" money is out there? Also how does bashing at this point help out the culprits? Again, it probably does help them and I have seen many posts that have said there are paid bashers out there still, but how does that hurt us or Al Hodges at this point?
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Post by mustang on Jul 5, 2010 12:06:39 GMT -5
cmkxerlong,
I understand legal shorting and naked shorting. I have worked and still work in the investment industry for almost 10 years now. For us to be worth $3.7 Trillion dollars we would have to show that we were worth more than $1 per share. To make the math simple lets say there were 700 billion shares that were issued and purchased by investors and then there were another 3 trillion naked shares that were sold until the company was driven to the ground. A shareholder is a shareholder whether they purchased the the original 700 billion or the 3 trillion naked short shares. It is not the shareholders fault that they purchased naked shares. Ok, now the company shows the SEC, market makers, hedge fund managers, a judge or who ever we need to that we are worth $1 a share. This would mean that we would have to pull about 700 billion dollars worth of goods out of the ground. Then it is the job of whoever was involved naked shorting the company 3 trillion shares to come up with the other 3 Trillion dollars. $700 billion dollars would make us the largest company in the world, let alone $3.7 Trillion.
Thank you for your reply. I guess bashing would cause people to give up and we definitely do not need that right now.
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Post by sandye14 on Jul 5, 2010 12:26:25 GMT -5
Maheu stated once, to look to the DTCC. With that said you must also take RICO into account and according to Jayadobe- derivatives. I don't know if the trust is really there but Al says it is and I will trust in Al until proven otherwise. -s
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Post by cmkxerlong on Jul 5, 2010 12:27:00 GMT -5
mustang, those are good questions that you have. But this appears to be government sting and anything could happen. From the lawsuit, it sounded like this was the negotiated amount and Maheu must have good reason to negotiated that amount. Perhaps because of the degree to which we were shorted and the value of the land.
Legally, bonified shareholders are entitled to properties that belong to the company. However, illegimated shares will probably have limited liabilities so, they must go after the brokers for that. When the company tells you to pull certs and you do not follow directions, then it would be your fault. And because company can only represent bonified shareholder, other non-certified shareholders will have to find their own legal representation. Hope that makes sense. IMO
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Post by vpd on Jul 5, 2010 12:33:43 GMT -5
New to the board but have been in this stock since June 2004. I have a hard time believing $3.7T is waiting there just for us, a stock which never sold for a penny. We are now going to get some $6.00 per share on a stock that has never shown any value, from a suit where the plaintiffs have not paid the lawyer nor seen any evidence that proves money has been received. Another thing that bothers me is the story that all of these bad guys ponied up the dough under the threat of being prosecuted. To my knowledge no one has ever been convicted of NSS to date so why would anyone not test the system and go to trial. No instead they just give up the money? Sounds kinda far fetched to me. AIMO
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Post by cmkxerlong on Jul 5, 2010 12:35:32 GMT -5
Let me put it this way to you. If you own the legitmate title to the house, that property belongs to you right. However, if someone fraudulently sold another person that house and gave that person, a note saying that that other person owns the house, does that person have title to your house? No. So what is the only action that that other person have to do to get his money back. He has to sue the person who fraudulently sold him the house. Right?
Your stock certificate is like your title to your house.
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Post by cmkxerlong on Jul 5, 2010 12:36:53 GMT -5
Oh Boy. We got another here. New to the board but have been in this stock since June 2004. I have a hard time believing $3.7T is waiting there just for us, a stock which never sold for a penny. We are now going to get some $6.00 per share on a stock that has never shown any value, from a suit where the plaintiffs have not paid the lawyer nor seen any evidence that proves money has been received. Another thing that bothers me is the story that all of these bad guys ponied up the dough under the threat of being prosecuted. To my knowledge no one has ever been convicted of NSS to date so why would anyone not test the system and go to trial. No instead they just give up the money? Sounds kinda far fetched to me. AIMO
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Post by vpd on Jul 5, 2010 12:52:12 GMT -5
Oh Boy. We got another here. New to the board but have been in this stock since June 2004. I have a hard time believing $3.7T is waiting there just for us, a stock which never sold for a penny. We are now going to get some $6.00 per share on a stock that has never shown any value, from a suit where the plaintiffs have not paid the lawyer nor seen any evidence that proves money has been received. Another thing that bothers me is the story that all of these bad guys ponied up the dough under the threat of being prosecuted. To my knowledge no one has ever been convicted of NSS to date so why would anyone not test the system and go to trial. No instead they just give up the money? Sounds kinda far fetched to me. AIMO Yeah guess you do. Six years on this roller coaster full of build ups and let downs some how did it to me. IMO
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Post by mustang on Jul 5, 2010 12:55:12 GMT -5
cmkxerlong,
That does make sense. Your house analogy actually happened to a buddy of mine. He did end up getting most of the funds back, but it was a lot of work. vpd has a very good point. Has there ever been a lawsuit that has proven a naked short? So how do we really know if a stock certificate is going to be what we need to prove we are bonified shareholders? Luckily I pulled the majority of mine if this is the case, but I still have some in an IRA where I had a few hundred bucks not doing anything so I purchased a few shares there. I guess we will see. I don't think it is really fair to knock everyone who doesn't believe there is a $3.7 Trillion trust though. There are several here that just can't fathom that amount of money. I am not going to knock anyone that believe that there is that kind of money. I'm not going to call you a pumper, because you do believe it exists. Just a thought. This is suppose to be a positive CMKX website, right? If you ever run across anything that you think I would be interested in reading please let me know. I hope everyone here has a nice holiday.
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Post by mailman78 on Jul 5, 2010 13:21:54 GMT -5
clockwork orange and amityville horror are good reads
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Post by jeremiah007 on Jul 5, 2010 13:51:23 GMT -5
I can believe that there is a trust with some money in it. I can't believe that it is $3.7 trillion. All the people you are calling bashers (the stock isn't even trading???) are mostly being the voice of reason. I can't believe all the people who believe that a trust for that much exists. I think anyone on this board would be ecstatic with $6 or .05. I don't know why people get so upset when reason is voiced. I also see no evidence that is factual that anyone can put their hands on to say "this is it". All we hear are stories about stings, plans, and secrecy, which is all fine and dandy, but can that all really lead up to $3.7 trillion? Breathe, wrap your mind around the monstrosity of that number, and then think about the actually possibility of a payout so enormous. I just can't see it happening. Again, would every shareholder be ecstatic? OF COURSE! I just think people have let their imaginations run wild.
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