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The CMKX Story: When Too Much Isn’t Enough

Location: Blogs Mark Faulk's Blog    
Posted by:   mfaulk 6/1/2006 10:42 AM
“..every stockholder is entitled to have a certificate, signed by officers or agents designated by the corporation for the purpose, certifying the number of shares owned by him in the corporation.”

On October 28, 2005, CMKM Diamonds, Inc. (best known by its trading symbol CMKX) was delisted by the SEC for non reporting violations, halting trading of the stock in a company that had issued an incredible 703 billion shares of “real” stock, sold to over 50,000 shareholders. Shortly afterwards, the company appointed a three person task force, consisting of Attorney Bill Frizzell, Attorney Don Stoecklein, and Howard Hughes’ former right-hand man Bob Maheu, to “identify bonafide shareholders” of the company’s stock, a process that after seven months, and three deadline extensions, still has not been completed, as brokers have used excuse after excuse to delay delivery of shareholders’ stock certificates.

Yesterday, Bill Frizzell sent a complaint letter to the NASD, along with copies to the SEC, Nevada state securities regulators, and several key members of Congress, claiming that there is “indisputable evidence of large numbers of failed deliveries in this stock,” and that brokers are trying to undermine shareholders rights by denying them their rights to ownership, stating that:

Nevada law NRS 78.235 mandates that each shareholder has the right to request and receive certificates of ownership from the company for their stock. Specifically, the statute states “..every stockholder is entitled to have a certificate, signed by officers or agents designated by the corporation for the purpose, certifying the number of shares owned by him in the corporation.”

In his complaint letter to the NASD, Frizzell lists a few of the reasons that brokers have given their clients for failing to deliver the stock certificates to their rightful owners. It is a list worthy of David Letterman’s Top Ten:

The most alarming problems are represented by those shareholders who have been requesting certs from their brokers since the company’s first announcement of a distribution seven months ago. Here is a sampling of excuses being given to shareholders as reasons for their inability to obtain a cert:

1. “We had your cert, but it is now lost. It will take us another 6 to 8 weeks to obtain another one.”

2. “This stock purchase was a book entry only and no certificate is available.”

3. “Your stock was classified as a worthless security and is no longer in your account.”

4. “Our clearing firm has not been able to deliver these certificates due to a backlog of requests at the transfer agency.”

5. “I have been instructed we are no longer pulling certs for CMKM and there is nothing I can do. You need to contact the company.”

6. “CMKM Diamonds has a “K” code next to it, indicating that it is being held in safekeeping for the client. The clearing agent has made the decision not to issue certs but rather fax a copy of the certs it holds to the transfer agent.”

7. “Attached herewith is evidence of ownership of shares held electronically by XYZ clearing for ABC broker. ABC to confirm receipt of this proof of shares of CMKM and related companies are held with XYZ.”

8. “In light of the lack of cooperation (by the transfer agent), your May 15th, 2006 deadline must be bogus and must be extended, and Entourage shares could of course still be sent to ABC for the benefit of XYZ.”

9. “MNO said they had discussed with the Task Force the acceptability of the affidavit as proof of ownership in lieu of the certificate, and that it would be accepted.” No such conversation ever occurred with the Task Force members.

10. “We ordered your certificate, and it has been lost. You must now fill out a loss certificate.” The transfer agent confirms that no certificate was ever issued.

Each quoted statement above is taken verbatim from a shareholder’s letter or from a broker’s written response to a shareholder’s request for a cert. I could continue with pages and pages of documented incidences of these broker responses to the requests of the shareholders if such is necessary to establish the need for a full investigation.

The key to the Task Force complaints about CMKX is a scheduled distribution of shares of another company’s stock, Entourage Mining Ltd. (ETGMF). Even though there were a total of 703 billion shares of CMKX, and even though the stock hasn’t traded for almost seven months, brokers still haven’t been able to deliver stock to all of the shareholders who have requested it, pointing to a potential short that could total in the billions of shares.

Considering the fact that the DTCC has claimed that the amount of failed deliveries has never exceeded 500 million shares for the entire market, it’s quite likely that the failed deliveries in this one little company….that no longer even trades….could surpass the entire number of fails claimed by the DTCC for the entire stock market.

But the story gets even more bizarre. On April 28, 2006, a month before the final deadline for share distribution, the DTCC emptied its vaults of all CMKX shares, sending them to the brokers via the transfer agent, and the Task Force eventually compiled a list with a broker-by-broker breakdown of who had how many shares left to hand out. The distribution of certs continued, with some of the country’s biggest brokers dragging their feet in what seemed to be an attempt to stall for time until they could come up with a way to cover their trades…and their tracks.

And just this week, some of the brokers did just that, turning in their own CMKX certificates in the brokerages names (instead of the “real’ shareholders names), in an attempt to receive the Entourage shares themselves. Why would they do this? There’s only one logical reason for it. They intend to take the Entourage shares and deposit them in the accounts of the remaining CMKX shareholders who haven’t received their certificates….as “book entry’ deposits. In other words, if they’re short say, ten billion shares of CMKX, they simply “electronically” deposit the Entourage shares in the accounts, even if there aren’t nearly enough Entourage shares to give all of the real CMKX shareholders what is owed them.

They want to trade their short position in CMKX (which can’t be covered because the stock is no longer available) for a short position in Entourage Mining, which they can then go out and buy on the open market (because it is trading). Voila! No more short position, and hopefully, no more massive legal liability against the brokers for robbing the shareholders blind.

There’s only one problem: the brokers don’t own the stock, the shareholders do. Since CMKX is now a private company, the brokers should no longer hold it in street name. They were only the custodians of the stock, holding it until such time that the real owners, the shareholders, the ones who bought and paid for the stock in the first place, requested that the stock be handed over to them.

In all reality, the brokers should have delivered the CMKX stock within three days after they made the sale, as required by law. Instead, the stock hasn’t even traded for the past seven months, and many of them still can’t deliver.

So who are the guilty parties? That still remains to be seen, but the Positions Report issued by the DTCC in April provides some definite clues. First, let’s go back to the letter sent out by Frizzell yesterday:

The Task Force has now received certs in the name of certain brokerage companies. Our investigation reveals a potentially huge naked short position in at least two of the very companies that have sent us certs. The certs sent to the Task Force by the brokers represent billions of shares of CMKM stock. It is not the intention of the company to distribute Entourage stock to securities intermediaries and clearing houses for them to distribute the stock at their discretion. It is clear from the Regulation SHO records in conjunction with other sources (ADP, the transfer agent and the DTCC) that huge fails to deliver in this stock currently exist. It would be a breach of the fiduciary duty of the company to distribute these assets to a broker in lieu of its true beneficial owner when there is evidence of known fails to deliver occurring at the same brokerage house.

Now let’s look at the Positions Report. There are only five brokerage houses with reported positions (as of April 14) of over a billion shares, and of those five, Ameritrade has over 4.1 billion shares on the Positions Report, and it is likely that they still hold a sizable portion of the reported 180 billion shares that they once had. And yet they refuse to distribute the remaining shares to their rightful owners, even after seven months. What do they have to hide?

Other brokerage firms with substantial positions on the list include NFS LLC with 5.3 billion shares still in street name as of April 14, Citigroup with 2.8 billion, and Penson Financial with just over 2.1 billion. I repeat: why haven’t these firms turned over their shares to their rightful owners. What do they have to hide?

Then, on the other side of the spectrum, we have E*Trade. The positions report shows them with a paltry 38,594 total shares left to distribute as of April 14. Considering the fact that I’ve personally received emails from CMKX shareholders who haven’t received their certificates totaling tens of millions of shares, it will be interesting to see how they mange to cover those accounts and the others who are still waiting to get what they paid for so long ago.

This is nothing more than a shell game, a series of ploys and stall tactics designed to hide the fact that something is very wrong with our stock market system. Couple this little tale with the growing number of other companies now presenting evidence of their own of rampant stock market manipulation and stock counterfeiting, and you have a trail of corruption that is unraveling at a frightening pace.

Bill Frizzell put it in perfect perspective in his closing paragraph, one that I hope our securities regulators and elected officials pay close attention to:

There was a time in the market place when shareholder’s rights at least co-existed with the rights of the broker/dealers. You have now been presented with evidence of shareholders who have demanded that their brokers issue certs for their holdings. Many shareholders have been flatly refused by their broker. This violates Nevada state law and the spirit, if not the letter, of federal regulatory law. I call on you to begin an investigation into this injustice.

And that, my fellow patriots, is the Faulking Truth.

Mark Faulk is the Editor of The Faulking Truth, and the author of the upcoming book about the CMKX saga entitled "The Naked Truth: Counterfeiting the American Dream." Because of the massive amounts of research required to complete this project, and so that the events of the next few weeks can be included in the book as well, it has been rescheduled for release at the end of July or early August. For more information on the book and on the stock market scandal, go to http://www.faulkingtruth.com/ and to pre-order your copy, go to http://www.theownersgroupinc.com/cart/

Here is a list of the regulators and elected officials who received (or will be receiving shortly), the letter concerning the CMKM/CMKX saga. Some people on this list have been supportive of our efforts to reform the stock market (Senators Bennett and Hatch in particular), while others have not. Contact them in a professional, courteous manner, and ask them to do the right thing to protect America’s shareholders:

SEC Complaint Center 100 F Street NE Washington, D.C. 20549-0213 FAX: 202-772-9295 enforcement@sec.gov

Senator Paul S. Sarbanes 309 Hart Senate Office Bldg. U.S. Senate Washington, D.C. 20510 (202) 224-4524 FAX: (202) 224-1651 http://sarbanes.senate.gov/pages/email.html

Senator Richard Shelby United States Senate 110 Hart Senate Office Building Washington, DC 20510 Telephone: (202) 224-5744 Fax: (202) 224-3416 senator@shelby.senate.gov

Senator Bob Bennett 431 Dirksen Building Washington, DC 20510-4403 Phone: (202) 224-5444 Fax: (202) 228-1168 http://bennett.senate.gov/contact/email_opinion.cfm

Senator Orrin G. Hatch Washington DC Office 104 Hart Office Building Washington, DC 20510 Tel: (202) 224-5251 Fax: (202) 224-6331 http://hatch.senate.gov/index.cfm?FuseAction=Offices.Contact

Senator Harry Reid 528 Hart Senate Office Building Washington, DC 20510 Phone: 202-224-3542 / Fax: 202-224-7327 http://reid.senate.gov/email_form.cfm

Senator John Ensign 356 Russell Senate Office Building Washington • District of Columbia • 20510 Phone: (202) 224-6244 • Fax: (202) 228-2193 http://ensign.senate.gov/forms/email_form.cfm

Congresswoman Sue Kelley United States House of Representatives 2182 Rayburn House Office Building Washington D.C. 20515-3219 Phone: 202-225-5441 Fax: 202-225-3289 http://www.webslingerz.com/jhoffman/congress-email.html

Rep Jim Gibbons Washington, DC 100 Cannon House Office Building Washington, D.C. 20515 Voice: 202-225-6155 Fax: 202-225-5679 http://www.webslingerz.com/jhoffman/congress-email.html

Congresswoman Shelley Berkley United States House of Representatives 439 Cannon House Office Building Washington, D.C. 20515-2801 DC Phone: 202-225-5965 DC Fax: 202-225-3119 shelley.berkley@mail.house.gov

Congressman Jon Porter 218 Cannon House Office Building Washington, DC 20515 Phone: 202-225-3252 Fax: 202-225-2185 http://www.webslingerz.com/jhoffman/congress-email.html

Secretary of State Securities Division Charles Moore 555 East Washington Avenue 5th Floor, Suite 5200 Las Vegas, NV 89101 (702) 486-2440 (702) 486-2452 (Fax) mailto:sosmail@govmail.state.nv.us
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Comments (26)
Re: The CMKX Story: When Too Much Isn’t Enough By A dingo stole my CMKX! on 6/1/2006 1:40 PM

Get 'em UC, Maheu, Stoecklein, Frizzell, and Mark, and GO CMKX!
Re: The CMKX Story: When Too Much Isn’t Enough By browntrout on 6/1/2006 2:50 PM
Mark-Uh oh. It appears that you have fallen into the same category as the naked shorts. You are failing to deliver book promised in June that people have paid for. Will you delay delivery for months and months like the shorts now? "Because of the massive amounts of research required to complete this project, and so that the events of the next few weeks can be included in the book as well, it has been rescheduled for release at the end of July or early August." Just kidding!
Re: The CMKX Story: When Too Much Isn’t Enough By dave on 6/1/2006 2:53 PM
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060601005914&newsLang=en
Re: The CMKX Story: When Too Much Isn’t Enough By FreddoCazzo on 6/1/2006 3:01 PM
........................there are a definite mass of shareholders totaling over 38,000 people, with an aggregate total most likely doubling that figure.


.......like I said in a previous post here.....maybe now is the time to take up arms and return what has been stolen!


........letters can be quite formal and respectful, and all that jazz, but as months and months go by, the thought of making these c.e.o.'s of these guilty parties look down the barrell of a gun, seems much more effective.

.......just as Mr. Faulk has amassed this wonderful list of people above who seem to be on the correct side of things, a definite, undeniable list is being compiled of the ones who are on the opposite side of that spectrum......f'ai da te! Maybe, just maybe, they need to stare down a barrell for motivation......motivation I know people are just wating to hand out!


............still Freddo.................even more Cazzo!


....the wait to see if the right thing is done, is closely approaching T- 0.
Re: The CMKX Story: When Too Much Isn’t Enough By Mark Faulk on 6/1/2006 3:03 PM
browntrout,
Ouch, that's actually a valid point, even if you were joking. Of course,we're working on something that will make it hopefully make it worth the wait, and when the book is delivered, it will be worth the exact same price that it was when everyone bought it.

Wait....can you naked short a book? Because "they" would if they could.
Re: The CMKX Story: When Too Much Isn’t Enough By Mark Faulk on 6/1/2006 3:14 PM
Another point I should have hammered home a little more in the article: “..every stockholder is entitled to have a certificate, signed by officers or agents designated by the corporation for the purpose, certifying the number of shares owned by him in the corporation.”

That Nevada law is about as clear as it gets. Brokers haven't delivered the stock certificates to shareholders in a company registered in Nevada, therefore they are breaking the law, therefore they should be treated as the criminals that they are.

Every shareholder who hasn't received their certificate for CMKX should file a complaint with the Nevada Securities Division, demanding that the offending broker should be charged with violating Nevada law NRS 78.235, and prosecuted to the full extent of the law.

The end.
Re: The CMKX Story: When Too Much Isn’t Enough By ginger on 6/1/2006 3:24 PM
Still waiting for my Counterfeit Conspiracy Limited Edition DVD since Wed 04/05/2005 9:48 PM

This email confirms that you have paid Fuego Entertainment (fuegoentertainment@comcast.net) $22.99 USD using PayPal.

What was the name of that guy? Hugo something??
Re: The CMKX Story: When Too Much Isn’t Enough By dave on 6/1/2006 3:25 PM
I keep saying that we need to name individuals as much as possible. It isn't some nebulus DTC that is doing this, it is specific criminals that can and should be arrested.

It doesn't matter if the criminals are in media, regulatory roles, at a clearing agency or at a brokerage or even in a role as an elected official. They can and SHOULD be arrested.

The first step in cleaning house is to name names.

A good place to start is to pull at the roots of thestreet.com and Dow Jones where the dirty reporters nest.

Other countries have cleaned house and ousted criminal networks and we can do the same.
Re: The CMKX Story: When Too Much Isn’t Enough By jamest on 6/1/2006 5:45 PM
I think if any of these brokers start falling, then they'll be pointing the finger at the next guy, maybe the hedge funds or the clearing houses, and then they'll point the finger somewhere else. This is looking like a domino effect waiting to happen, and when it does, the whole thing comes crashing down. Every shareholder needs to jion the fight, the numbers in this company equals the power to change things.
Re: The CMKX Story: When Too Much Isn’t Enough By DIAMONDOGGER on 6/1/2006 8:57 PM
The same way in which the Stock market crash of 1929 was perpetrated lives on still today with Market Manipulation through the age of eletronic deceit.

It is no wonder the DTCC, Broker Dealers and "The Stock Market" wants to go completely paperless, so they can accelerate the amount of monies stolen everyday from shareholders, companies and ultimately from the American Economic System, which is struggling to survive.

These thieves would fleece their own mother given the chance, so why should they give in now? Stand up now and be counted, as our days are numbered , if we fail to act against these financial terrorists!
Re: The CMKX Story: When Too Much Isn’t Enough By Mark Faulk on 6/1/2006 9:21 PM
Amen to that. Having grown up in the late sixties, I have seen corruption and national unrest before, but this is different. I believe that this time, the boats are being loaded as if to leave a sinking ship. I believe that if we DON'T do something about it, the consequences for your country will be dire indeed. Waking America up to this has been a slow process, but we've collectively made huge strides in the past couple of years.

Now is not the time to become complacent. Now is the time to finish the job before it's too late.
Re: The CMKX Story: When Too Much Isn’t Enough By Mark Faulk on 6/1/2006 9:54 PM
Okay..."for your country" made me sound like a foreigner. That's a typo, unless anyone considers Oklahoma a foreign country.
Re: The CMKX Story: When Too Much Isn’t Enough By steeladybug on 6/2/2006 2:57 AM
Great story.....let's see the brokerages try and sweep this under the rug. It's time that more eyes were open to the plight of CMKX shareholders, and the countless other shareholders who have lost their savings because of the deceit of their brokers.
ONWARD!
Re: The CMKX Story: When Too Much Isn’t Enough By bbhindyou on 6/2/2006 5:00 AM
Nevada look next door! Utah is first why don't you follow thir lead. WAHOOO !!!I just love the great wild west.Maybe we should bring back hanging. I am a CMKX bonafied shareholder.I'm not going away quietly.
Re: The CMKX Story: When Too Much Isn’t Enough By Velvet172 on 6/2/2006 7:02 AM
Mr. Faulk,

Are you waiting for the end of this saga before finalizing the book? It only makes sense that the ending is a good one. What is the holdup?

Thank you, as I have puchased in advanced and look forward to it!
Re: The CMKX Story: When Too Much Isn’t Enough By Mark Faulk on 6/2/2006 7:54 AM
It's possible that it might be years before this whole thing plays out, but I at least would like to see the naked short and cert pull to play out to it's conclusion, which could be very soon. I'd like to see shareholders who haven't received their certs file complaints demanding that their specific brokers be charged with violating Nevada law, which is clear and undeniable. I'd like to see some brokers hauled off in handcuffs. (I can't stress enough how important that is.)

And there are so many rumors abounding, that I think waiting a few weeks to see what happens IN REALITY (as opposed to what's being rumored), is worth the wait, although many of the rumors are far-fetched, IMO. They should at least be resolved one way or the other.

Thanks for buying the book....I hope the ending turns out well for everyone, including how it affects the overall stock market.
Re: The CMKX Story: When Too Much Isn’t Enough By Velvet172 on 6/2/2006 11:19 AM
Thank you for your response. I for sure would be filing a complaint, but I have received my certificate. I guess the hard-core "CMKX'ers" followed up and received their certs first. I have many friends, who believe this to be a scam, and wont pay the $40 fee to order their certs. Im sure there are PLENTY of shareholders like this. Every Cert counts, thats for sure.

In regards to the book - you stated your waiting a couple weeks to see if some of these rumors come to fruition. Which are your pertaining to? How long exactly have you been doing research on this story? Have you met with UC, Maheu, or any others involved? I must imagine you know in great detail the true story behind this (up until now) to be able to write a book about it, correct?

Just curious and anxious as I'm sure many others are as well.

Thanks Again!
Re: The CMKX Story: When Too Much Isn’t Enough By x3xsolxdierx3x on 6/2/2006 6:07 PM
In conjunction with what Mr. Faulk spoke about on CFRN radio earlier today, the following link provides several similar templates of letters, as well as email addresses to important people/agencies, that I have written and compiled for the easy dissemination by shareholders, and non-shareholders, of CMKX alike. We have been presented with an incredible opportunity to let our voices be heard--men have fought and died for these very freedoms. When anyone sees a flaw or injustice in the system of establishment, it is essential that we take action in order to correct them. Let your voices be heard!

http://cmkxunitedforum.proboards70.com/index.cgi?board=general&action=display&thread=1149261315
Re: The CMKX Story: When Too Much Isn’t Enough By x3xsolxdierx3x on 6/2/2006 6:10 PM
TEMPLATE #1:

2June2006
To whom it may concern:

As an ordinary, everyday, albeit youthful, investor in the same stock market that I am to have faith in, there is no doubt that I am growing increasingly concerned about issues that my eyes are slowly opening up to. Like many investors, this concern arises when I see complaint letters like the following…..filed by a determined company that, as stated, is not without assets….even still, for the years that I have been invested in this company, the shareholders have undertaken massive burden in attempting to unveil the evils that we, as well as, those advocating for market reform, as reflected in this following letter, believe truly exist. With the continual awareness of this issue, as strengthened by the release of this complaint letter to the NASD by an attorney working on behalf of the massive shareholder base of this company, over 38,000 shareholders worldwide (as reflected by an ongoing count by the CMKX Task Force) have their eyes fixated on you and any efforts that you may take to correct these problems that, so need to be addressed.

Because I am sure that you have received this letter in it’s entirety already, I will not C/P to this email….but, rather, send you a link…..

http://www.cmkmtaskforce.com/nasdcomplaint.php

Of possible specific interest, here are a few major points from this letter that, I believe, are worthy of your consideration. In considering this information, just as was done during our 8 month litigation process, I ask that you take a moment to reflect on the 38,000+ shareholders worldwide that this problem is affecting. For one to turn and look the other way, at this juncture, is unreasonable and reflective of an evident loss for the very shareholders that make this economy go. We are not unaware of the issues and we demand that action be taken to correct these monumental wrongs.

"Due to the indisputable evidence of large numbers of failed deliveries in this stock, CMKM elected to distribute the 45,000,000 shares of Entourage stock to all bonafide shareholders in what was described at that time as a windup distribution."

"Consequently this office has documented complaints from hundreds of shareholders who have been attempting to obtain certs from their brokers since November of 2005 but have been unable to do so."

"This is not a defunct company or a no asset company."

"I could continue with pages and pages of documented incidences of these broker responses to the requests of the shareholders if such is necessary to establish the need for a full investigation. "

"Our investigation reveals a potentially huge naked short position in at least two of the very companies that have sent us certs."

"I call on you to begin an investigation into this injustice."

Thank you whole-heartedly for your consideration of my letter. Many shareholders will be watching intently as you take the necessary steps to provide justice to, not only CMKX shareholders, but to the many shareholders, beyond CMKX, that this systemic problem has affected. Thank you for your time.

Howie
Re: The CMKX Story: When Too Much Isn’t Enough By x3xsolxdierx3x on 6/2/2006 6:22 PM
I served in Afghanistan for a year shortly after 9/11....believe it or not, there are countries out there where people get their hands chopped off if they are caught stealing. While I probably wouldn't implement that policy here in America, in its most simple form, that is essentially what is going on in our markets, even beyond CMKX. If we can't chop off their hands, we can at least direct all of our collective efforts towards ensuring that these criminals are put in a nice jail cell as a bunkmate of Bubba.
Re: The CMKX Story: When Too Much Isn’t Enough By hwh on 6/3/2006 5:05 PM
Mr. Frizzell and co have accomplished more in the last yearthan O'Quinn's crew has in trhe last 3-1/2(filing date for SDNA v LT et al 5/5/03). The point is not to belittle O'Quinn's work/strategy, but to bring attention to the power of a united shareholder group & some saavy strategic planning/execution in a less than crowded jurisdiction.

Their largest hurdle will be getting to trial in the President's home state. There is no dispute the White House is & has been aware of the illegality, complexity, & scope of the Transactional Failure plague since before the current administration took office.

They probably relied upon misguided advice from the key perpetrators (miscreants), who rank high in political society & activism. By falling into the same trap as regulators they may have become "Captured Politicians. with no way out but to suppress mass population awareness untill term limits allow an escape.

Greenspan, Donaldson, and many, many others got out ahead of the storm. Cheney probably won't run.

Democrats are also complicit so I don't look for much relief from the quashing of discovery & media review untill after the Mid-terms. Some Presidential hopefulls will certainly take up the issue towards the end of 2007.

Of course I could be all wet, would not be the first time...hwh
Re: The CMKX Story: When Too Much Isn’t Enough By mathias-1 on 7/16/2006 1:45 PM
Mark: Your break-down of shares per broker may have one flaw - those shareholders did not request, nor will they ever request, those shares.

I do agree that there is a huge stall going on to "cover tracks", as you put it. I beleive it is a stall tactic from the other side of the fence, however. CMKX was a scam.

If Urban Casavant was so concerned about shareholders, why didn't he run a legitimate company? Why not offer more incentive for shareholders to pull their certs than ETGMF shares?

I personally feel that many, who are outspoken against the NSS issue, have become absolutely DESPERATE for that one piece of evidence that would forever expose NSS, that they are trying to "create" one with CMKX.

There has to be a REAL company to use as an example. A pump&dump operated from some person's mansion will not do. For that matter, even the cert pull has not shown sufficient evidence, since it has not even reached the reported O/S. NSS in CMKX is an assumption at this point.
Re: The CMKX Story: When Too Much Isn’t Enough By Mark Faulk on 7/16/2006 3:48 PM
While I agree that any companies are themselves corrupt, or at the very least "suspect" or not run with any real intent of ever turning a profit, it still doesn't excuse naked short selling. I am of the opinoin that many times, it is the company itself defrauding the shareholders, or entities connected with the company. However, the fact remains that many of those same criminals utilize naked short selling as a tool to pull off their own scams. So why not close the loopholes in our system that allow naked short selling to occur on BOTH sides of the coin...with legitimate companies being drefrauded, AND with corrupt companies defrauding their own shareholders? In both cases, the victims are the shareholders.

As for CMKX, it unfortunately is rife with speculation, theories, and rumors, and has yet to play out enough to
Re: The CMKX Story: When Too Much Isn’t Enough By Mark Faulk on 7/16/2006 3:51 PM
okay, sorry, this one posted before I had a chance to finish the sentence:

As for CMKX, it unfortunately is rife with speculation, theories, and rumors, and has yet to play out enough to know for certain what the reality is. There is plenty of evidence of fraud, but still enough unknowns to make it a bit of a question mark. Time will tell on that one who exactly is right.
Re: The CMKX Story: When Too Much Isn’t Enough By mathias-1 on 7/16/2006 5:30 PM
I also had a thought on these shareholders who cannot get their certs. The PPS rose a little just before revocation was final. Is it possible these shareholders had their certs borrowed for a legitimate short sale, which was never covered due to revocation? If so, what would be the crime?

Any thoughts?
Re: The CMKX Story: When Too Much Isn’t Enough By Jim Ben on 3/4/2008 9:42 PM
Stoecklien is a crook. look at all the companys he and Tony Demint manipulated. i jsut found them on a company called rubicon another shamjob

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