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Update
Nov 7, 2010 19:58:12 GMT -5
Post by iq on Nov 7, 2010 19:58:12 GMT -5
I have some great news for everyone it appers that those individuals that got our stock illegally are finally getting their medicine. Certain individuals are chasing the money that the insiders received from selling the stock that you and I bought. A handful of people has kept our company in existence and that effort is being exerted to getting proper financials filed so this company can some day trade again. That effort continues and it is believed we will be successful in returning to a trading security someday. These are actual facts that I'm sharing with you not some rummors that you have have read about from unreliable sources. Keep the faith as we move forward!
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Update
Nov 9, 2010 8:40:00 GMT -5
Post by jeffbeaupain on Nov 9, 2010 8:40:00 GMT -5
Look everyone who owned CMKX STOCK this whole thing is so absolutely absurd that it is mind blowing. You must get it through your heads that there is no money coming from this case and there never will be. Period. I can give you 100 reasons why, but I will start with the obvious. THERE NEVER HAS BEEN AND NEVER WILL BE A $TRILLION$ PLUS DOLLAR SETTLEMENT!!! NEVER. Nobody can pay that, especially the US GOVERNMENT. We as a nation are broke. And, don't say that the government can sell bonds in order to satisfy this amount. It can't. It can barely sell a couple of hundred billion in bond offernings now. That said, you people must realize that CMKX DIAMONDS NEVER HAD A CLAIM ON THIS AMOUNT OF MONEY. What has happened is that lawyers, accountants, idiots, dreamers and morons have extrapolated an this amount by taking the theoretical NAKED SHARES SOLD times a theoritical valuation of same. If you Al Hodges or any of the other morons involved in this PIPE DREAM had any knowledge of the markets you would immediately realize that there is no possible way to get to this number. PERIOD. Furthermore, this type of case is about ACTUAL LOSS AND DAMAGE. This was a PENNY STOCK first and foremost. What does that mean? It means that compared to a real public company it is not large or valuable enough in order to have a valuation on a real stock market. I cannot find the total valuation of CMKX Diamonds at its highest, but I cannot imagine it being more than a few million since it was a penny stock, had no real assets (other than some unproved mineral claims), had no cash, no inventory (of diamonds maybe? that would be funny if they actally had some jewelry in a vault wouldn't it?), NOTHING. To give you some reference of what markets are like, as of Friday's close, Wal Mart and Microsoft had a total combined market capitalization of $430 billion. Not Trillion, not quintillion. BILLION Catch a clue. The executives of CMKX have long since been indicted and the company collapsed in a heap of embarrassment. If any of you had a clue what NAKED SHORT SELLING was, then you would understand that market makers and brokers were selling stock (or theorectically selling it) without actually owning the shares. Microsoft has around 10 billion outstanding. If, for example the market sold or bought 11 billion shares today, then there would be 1 billion shares "naked." It doesn't have much meaning until someone uses that as an advantage to make the company's stock rise or fall accordingly. Apparently, CMKX STOCK was shorted relentlessly and the value collapsed which is kind of funny when you are only talking about a few cents anyway. You who don't know just don't know that hundreds of companies were victims or beneficiaries of naked shorting. HUNDREDS. Including OVERSTOCK.COM. Their company was subject to rumors which weren't true and the shorts caused the stock to fall. The founder kept telling the market that the rumors were not true and finally remedied the situation by saying, "okay, you can short our stock, but you cannot short more shares than there actually are in issuance." Anyone knows that oversupply can cause a price to drop. Very true with stock. Short sellers attempt to flood the market with shares, selling them into the market, hoping for a drop or in advance of a technical (or realistic) drop. CMKX wasn't even a real company. There were so many ridiculous games being played within the company. It was all obvious. Especially after the fact!! So, you guys just need to catch a clue. You will never be getting any money (I have been hearing about payouts for years). It will never happen. Al Hodges is either really stupid, a total dreamer, a complete fraud, or bi-polar. His last letter about him clandestinely checking into some hotel in Switzerland or some nuts along with his pathetic play-by-play reporting of his meetings and travels were so unprofessional, undignified and disgusting that any rational businessperson who would listen to anything Al has to say reminds me of a Branch Davidian. Al is probably a combination of my above described adjectives and clinical afflictions. THIS WHOLE THING IS A JOKE. Al's updates do make for humorous reading, though.
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Update
Nov 9, 2010 20:10:23 GMT -5
Post by stevepot99 on Nov 9, 2010 20:10:23 GMT -5
quite the first post you got there I do not think anyone is really looking for money at this point but we want to see who is responsible pay like Urban and John and so on.
But thanks for the post
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Update
Nov 29, 2010 13:34:47 GMT -5
Post by iq on Nov 29, 2010 13:34:47 GMT -5
Making such comments shows how little you know. For instance there were hundreds of accounts being used to funnel our millions of dollars away. This was done at multiple banks and the only thing these banks could do was delete these accounts as they knew very well that something illegal was being done. We did have some valuable claims only some morons let them slip away and expire. The companys worth was actually quite high because there were millions of dollars that were provided by the hard working people that trusted this company. As for getting our money back well thats probably the only thing you got right, most likely that will not be possible however cmkx will return to trading again so our shares will have some value just not the amount we all invested.
CMKX is not going away!
Although there are many people out there with their own agenda and wish that it would ;D
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Update
Dec 3, 2010 8:02:44 GMT -5
Post by mrsam on Dec 3, 2010 8:02:44 GMT -5
your first post is RIFE with inaccuracies, half-truths, blatant lies, & dramatization, but i'm going to focus on the most glaring issues as their collapse should pummel the remaining farcical "proofs" of your tirade... You must get it through your heads that there is no money coming from this case and there never will be. Period. I can give you 100 reasons why, but I will start with the obvious. THERE NEVER HAS BEEN AND NEVER WILL BE A $TRILLION$ PLUS DOLLAR SETTLEMENT!!! NEVER. Nobody can pay that, especially the US GOVERNMENT. We as a nation are broke. And, don't say that the government can sell bonds in order to satisfy this amount. It can't. It can barely sell a couple of hundred billion in bond offernings now. That said, you people must realize that CMKX DIAMONDS NEVER HAD A CLAIM ON THIS AMOUNT OF MONEY. What has happened is that lawyers, accountants, idiots, dreamers and morons have extrapolated an this amount by taking the theoretical NAKED SHARES SOLD times a theoritical valuation of same. If you Al Hodges or any of the other morons involved in this PIPE DREAM had any knowledge of the markets you would immediately realize that there is no possible way to get to this number. PERIOD. Furthermore, this type of case is about ACTUAL LOSS AND DAMAGE. This was a PENNY STOCK first and foremost. What does that mean? if you had performed proper due diligence, you would know that the monies al is claiming cmkx is due were collected from a variety of payments that were made by guilty parties & were supposed to be distributed to cmkx by the sec - hence the heads of the sec at the time said payments were made are named as defendants. therefore, your claims that the us government "cannot afford" to hand that sum over are bunk & bogus as these alleged funds were collected years ago. Apparently, CMKX STOCK was shorted relentlessly and the value collapsed which is kind of funny when you are only talking about a few cents anyway. yes, because it was a penny stock, it's not valuable enough to be protected from illicit trading tactics nor is allowed to collect on damages rendered to its shareholders via said predatory trades. i forgot that is written law in the unwritten wall street manifesto that all investors are forced to abide by - whether they know it or not You who don't know just don't know that hundreds of companies were victims or beneficiaries of naked shorting. HUNDREDS. Including OVERSTOCK.COM. Their company was subject to rumors which weren't true and the shorts caused the stock to fall. The founder kept telling the market that the rumors were not true and finally remedied the situation by saying, "okay, you can short our stock, but you cannot short more shares than there actually are in issuance." Anyone knows that oversupply can cause a price to drop. Very true with stock. Short sellers attempt to flood the market with shares, selling them into the market, hoping for a drop or in advance of a technical (or realistic) drop. yes, this did happen to overstock AND THEY WERE PAID DAMAGES. the amount of damage that was done to overstock PALES in comparison to that which was perpetrated against cmkx. so, if overstock was awarded roughly $1/share (matter of public record - i'm pretty sure the exact amount was $1.10/share), but cmkx faced more than 10x the amount in phantom shares than overstock.com did (also a matter of public record), then, logically, cmkx is owed 10x the amount in damages. thank you for proving that point without actually coming out & saying it. it doesn't really matter whether you explicitly said it or not because there was a memo by a now former member of the sec investigative team who said as much. that memo was addressed to george w. bush back in (i think) 2006...also a matter of public record & i'm pretty sure there's a thread within this forum that has a link to that document. there's that whole "due diligence" thing - or lack thereof, rather - biting you in your ass again... CMKX wasn't even a real company. There were so many ridiculous games being played within the company. It was all obvious. Especially after the fact!! this statement fails to illustrate how cmkx & its shareholders are not covered under the same laws that protected overstock.com & its shareholders. if anything, it only adds to their case because, if it was "so obvious" that "there were so many ridiculous games being played within the company," then why didn't the sec step in & mitigate such a gross & "obvious" scam? i must therefore speculate that it's purely trash talk because there is no solid, informational argument you can present to support your above statement...
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