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Post by wolfbela on Jan 1, 2011 11:02:34 GMT -5
While I praise everyones' support of Tyler here, please note it is basically a lawsuit corporation, with no real meaningful assets recovered, especially for the shareholders. Basically chasing money and settlements that may never be gotten. Plus the company has engaged an international attorney(UK).. probably on a contingency basis.. so any assets recovered.. they will get their cut first, then Tyler and a few crumbs, possibly left over for the shareholders.
But the greatest lawsuit, legal action and evidence that we seek, the company has no time for and will not get involved in the litigation that most affects and interests the shareholders. After reviewing pages of documents, I guess they overlooked the federal court testimony of Al Hodges on 8/2/10.. Must have missed that one. I will make sure they get a hard copy...
And by the way, understand that we don't want to be criticized or disturbed by not taking action here.
I also find it interesting that most of their leads in these efforts are coming from the shareholders, not their own work.
And still no logical explanation why a company that is not registered to trade stock in TX would even need a TA at this point, plus take on the monthly cost of such a service. But they know nothing of the Hodges effort....
Even though we the shareholders are waiting, positively waiting the week, authorities are being updated as to what is transpiring here.
I hope this week pays off for us...because, frankly dealing with these people is beyond frustrating and ridiculous.
Good luck to you all..
J WB
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Post by playthosedrums on Jan 1, 2011 12:51:18 GMT -5
Jerry, I gave it to today to either receive packets or some king of notification.
Being that supposedly packets were already mailed, we should start receiving them mon or tues. If there is no indication of packets delivered, then can you please tell me how I get started with your campaign. I live in Connecticut.
I am not going thru another friggen year of next week, no, maybe the following week, etc.
I will give the benefit of the doubt and wait till the end of tues. If excuses come out why they weren't delivered then, I feel it's all bullshi*.
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Post by hxrider on Jan 1, 2011 15:02:41 GMT -5
The way I look at it Tyler was handed over the company with 500 bucks and change and if it went BK we could all wipe are rears with the cirts. They have won lawsuits but I would bet collected very little cash and as you know property isn't worth spit now days. It takes money to make money and no one should work for free.
If we get back to trading and AL's lawsuit doesn't work out the shorts will still need to be covered. If the shorts were covered in a big room with all the bad doers then we will have money no matter what. I look at it as both sides of the fence are being covered with AL on one side and Tyler on the other but both going in the best direction they see fit. It could be a win/win or we could go bust but I will be the first to admit I lost on all the company's being pumped while cmkx was alive and trading. I have no hard feelings other the my own stupidity for listening to pal talk pumpers.
I'm all for AL and Tyler and even the ones posting here that just want to seek out the truth. IMO Urban figured he would hand over the company to go Bk scene he was living the good life and he would be free and clear, well it back fired and some day all that ripped us off will pay the price. Again IMO so we will see what happens in the future and I will not even say soon because I hate that word.
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Post by wolfbela on Jan 1, 2011 15:43:26 GMT -5
HX,
Here lies the rub.. And believe me, I am staying positive and this has nothing to do with payment. It has to do with accountability..
As per my conversation with the TX Securities comm., Tyler cannot return to trading in its current state, as it is not licensed by the state of TX to trade securities.
That said, why does a company have a TA.. for what reason.. It couldn't be because they know they need one for distribution of monies to shareholders...that's not possible as they don't know of any reason why Al Hodges could possibly get a return for the shareholders...according to their 12/31/10 update..
According to Tyler, they are totally out of the loop when it comes to Hodges....
Or perhaps they WANT to control the release of funds, if and when they come...
Food for thought...
J WB
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Post by imSINGLEruRICH on Jan 1, 2011 16:27:51 GMT -5
On several occasions, through the years, I have posted stating and asking the same, in regards to Tyler. What will be left for the shareholders? After all the below mentioned are paid first?
Well......IMO.... we are either ALL in this together, Tyler being part of the WHOLE operation, compartmentalized or attached to other sectors of this saga, and shareholders will prevail with the help of Tyler .......... OR......... The "Tyler Crew", saw an opportunity, greedily gobbled it up, and decided "It's Every Man for Himself". IF the later is the case, makes ya wonder if the few gung-ho "Tyler Waterboys" were promised a piece of the pie. Only time will tell. SINGLE
The post from the other "board"..... Will be interesting to see certain posters' replies to this post, over there.
gregg Gill Netter Re: company update 12/31/2010 « Reply #10 Today at 1:45pm »
Honestly, I still don't think, even with the property Edwards has that they've found, that their is any money for shareholders. The money for all the lawsuits and expenses is being accrued on contingency, or more simply, the lawyers handling it are doing it for a percentage. The officers of the company are working without pay, but on paper they are getting another IOU from the company every month, that money will be paid before any shareholders are, and again, that's after the lawyers who work the case take a third of any settlement (standard contingency rate) and the government will take 28% or more in corporate income tax, plus the local taxes etc... It all looks to me like anything left will be about enough to pay the salaries of the people who worked for free.
From that viewpoint, going through all these lawsuits against people with no money to pay kind of makes sense, Frizzell and those guys can expect to get paid some pretty good legal fees for the legal work, but face it, every million dollars they recover works out to $00.00000142248 per share, which works out to them having to recover $10 billion dollars, (after they pay a third to lawyers, and pay taxes ect...) for the shareholders to get a penny a share. Does anyone really think Urban, Helen, and John Edwards and friends have the $20 billion needed for the net recovery to be $10? I said once I couldn't figure out why Tyler never declared bankruptcy and just let any recovery come in the estate, now I can see a very good reason (from the lawyers and Tyler Management's point of view) to keep the shell of a company going, Edwards does have a few million dollars in real estate apprently, and while splitting it up to 703 billion shares doesn't make any sense, racking up legal fees and deferred salaries in going after it makes a lot of sense if you're a lawyer chasing that money, or an employee getting $10K a month in deferred salary for looking for it.
Think about it a minute, it makes sense. Do the math, the dollars required for shareholders to get any significant amount of return just isn't there, but there's a pretty good little amount to be split up in legal fees.... the only justice you're gonna see is Edwards and Urban and the others are gonna make a few dozen lawyers a few million dollars.
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Post by imSINGLEruRICH on Jan 1, 2011 16:40:16 GMT -5
Once again, Kevin West lends credibility to Al Hodges intentions.
"I continue to stand by my previous statements of June 25, 2010. I personally believe that Mr. Hodges is looking out for the best interests of the shareholders."
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Post by agfadoc on Jan 1, 2011 17:00:55 GMT -5
Once again, Kevin West lends credibility to Al Hodges intentions. "I continue to stand by my previous statements of June 25, 2010. I personally believe that Mr. Hodges is looking out for the best interests of the shareholders."
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Post by hxrider on Jan 1, 2011 17:11:38 GMT -5
HX, Here lies the rub.. And believe me, I am staying positive and this has nothing to do with payment. It has to do with accountability.. As per my conversation with the TX Securities comm., Tyler cannot return to trading in its current state, as it is not licensed by the state of TX to trade securities. That said, why does a company have a TA.. for what reason.. It couldn't be because they know they need one for distribution of monies to shareholders...that's not possible as they don't know of any reason why Al Hodges could possibly get a return for the shareholders...according to their 12/31/10 update.. According to Tyler, they are totally out of the loop when it comes to Hodges.... Or perhaps they WANT to control the release of funds, if and when they come... Food for thought... J WB I understand what you are saying and I can't figure out why they need a TA either other then to match up shareholders with cirt numbers and addresses. Now on the part about registration to trade couldn't that come at any time in the future to complete this saga? It would be nice if someone that talks to Tyler could ask that question, why do we need a TA. I don't think like some they are just in it for the pay check I would think that it's way to much work for the return when I would bet they don't receive much cash since it would more likely be hid or spent. I going with they really want to get back to trading for now but I reserve the right to change my mind. LOL Here in-lies the problem, no one knows what is going on and I do think a few of the questions could be answered. Now I will admit at the rate it's going it could take more time then I have life on this earth but why get the filings up to date if you were not getting ready to trade? Waste of time and money. Heck I'm probably wrong on what I think but it makes me feel better thinking that AL and Tyler is on our side. If it makes me feel good, Cool. Some think AL was just in it for the money to to sell shares. I have read that on the board to, But there again that sounds just about as stupid as 3.7 trillion law suit. I only feel OK about it because it's just a number but if it was said that that money was collected in a room with the brokers.... all 3.7 I will say not a chance in *ell and someone needs to get a grip on reality. Please don't show me a post where that was said. It's wait and see I just hope I live long enough.
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Post by z06mike on Jan 1, 2011 18:32:30 GMT -5
And for those that have blindly stated "things aren't what they seem," you have been correct. Except, I fear they're not as YOU may have imagined, either.
Think of what the court "really" determined in the Bivens case. Think clearly it's not terribly obvious. In fact, it's so simple, it's almost stupid...
Mike
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Post by John Winston Lennon O'Boogie on Jan 1, 2011 19:28:18 GMT -5
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Post by steeladybug on Jan 1, 2011 20:46:19 GMT -5
Great timing on behalf of the CMKX Team... Koch is the deep pocket guy.. I knew someone had to be around with the cash... Really no BS here... Can everyone say SQUEEZE if we don't get the ER... JMHO We need the Company, we need the Taxes filed and up to date, and we need the 1010 land secured by E. KOCH.. Great timing.. They have about 29 days to make good.. Great job guys... JMHO Also, in my opinion, the options we have heard to 'buy' back into the company will give them the funds they now need to continue forward with the 1010/cmkx venture. So....guess the big question from this update is.....whos in???
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Post by John Winston Lennon O'Boogie on Jan 1, 2011 20:53:16 GMT -5
Great timing on behalf of the CMKX Team... Koch is the deep pocket guy.. I knew someone had to be around with the cash... Really no BS here... Can everyone say SQUEEZE if we don't get the ER... JMHO We need the Company, we need the Taxes filed and up to date, and we need the 1010 land secured by E. KOCH.. Great timing.. They have about 29 days to make good.. Great job guys... JMHO Also, in my opinion, the options we have heard to 'buy' back into the company will give them the funds they now need to continue forward with the 1010/cmkx venture. So....guess the big question from this update is.....whos in??? If we have to go this way.. I'm sure it will take some time. The Co. will not R/S the shares. So once they put out a big PR of a big hit, that will start the shares selling.. And boy that's a lot of shares.. JMHO
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Post by marbearcat on Jan 1, 2011 23:35:24 GMT -5
Great timing on behalf of the CMKX Team... Koch is the deep pocket guy.. I knew someone had to be around with the cash... Really no BS here... Can everyone say SQUEEZE if we don't get the ER... JMHO We need the Company, we need the Taxes filed and up to date, and we need the 1010 land secured by E. KOCH.. Great timing.. They have about 29 days to make good.. Great job guys... JMHO John why do they have 29 days to make good?
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Post by prospector777x3 on Jan 2, 2011 1:13:10 GMT -5
U realy think after all this they will make it right with a short squeeze? what a joke. This countries financial institutions the SEC...DTCC are corrupt and do whatever they want.
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Post by marbearcat on Jan 2, 2011 2:02:52 GMT -5
If everyone has their certs, where's the short?
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